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Established in 2006 as a Community of Reality

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Out of the seventh activates the Iraqi dinar

lonelyintexas
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Out of the seventh activates the Iraqi dinar - Page 2 Empty Out of the seventh activates the Iraqi dinar

Post by lonelyintexas on Sun 30 Jun 2013, 2:29 pm

First topic message reminder :

Out of the seventh activates the Iraqi dinar
Writings Saturday , June 29, 2013


Hours after rid Iraq of the provisions of Chapter VII of money, saw the exchange rate of the Iraqi dinar rise against the dollar.
According to a member of the Association of private banks Hilfi, the sword, "the Iraqi dinar exchange rate against the U.S. dollar saw a return to a normal pace after the decision to remove Iraq from the provisions of Chapter VII."

Hilfi said in an interview with reporters that the "rate of the dinar exchange rate against the dollar stabilized at 1210 dinars per dollar," pointing out that the
coming days will witness a continuous rise of the value of the Iraqi dinar.


ills Hilfi that override the provisions of Chapter VII big gain, and everyone became trust in Iraqi dinars, especially in light of the large financial reserves of Iraq. He added that the coming stage will witness a new investment-oriented is turnout companies and investors and citizens to invest in the Iraqi dinar, stressing that the economic landscape readings indicate the presence of a great demand for the dinar will contribute to raising the exchange rate against foreign currencies.

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kingsranch
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Post by kingsranch on Sun 30 Jun 2013, 11:26 pm

:cheers:  We are at the finishing line gang, just hang on:affraid:  and hold your horses`~~~~~~~~~~~~~ they are about to pass out the GOLD 8)
Screwball
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Post by Screwball on Mon 01 Jul 2013, 1:19 am

[You must be registered and logged in to see this link.] wrote:exit Iraq from Chapter VII will have a clear impact on economic growth and the exchange rate of the Iraqi dinar against other currencies

can't get any plainer than that

 plain than what! lol...just doesnt say when which is the issue!
sprtbuf
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Post by sprtbuf on Mon 01 Jul 2013, 8:47 am

Can a country do such a large change to the value of their currency in the middle of a fiscal year, or would it be more prudent to get things in order, such as reclaiming frozen funds, budget planning, etc, for the start of a new fiscal year, as in Jan 1, 2014?
fonz1951
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Post by fonz1951 on Mon 01 Jul 2013, 9:15 am

i would chance a guess that they {Iraq} probably already have "things" in order. one would think that a plan has been thoroughly laid out  beforehand.they knew 7 had to be released at some point in time.
ron-man
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Post by ron-man on Mon 01 Jul 2013, 9:21 am

Good thinking Fonz,I agree.
sprtbuf
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Post by sprtbuf on Mon 01 Jul 2013, 9:42 am

I would agree that a plan is in place.  What I wonder though is if such a radical change in value is more realistically accomplished at the beginning of a fiscal year as opposed to being halfway through it.
fonz1951
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Post by fonz1951 on Mon 01 Jul 2013, 11:12 am

could be sprtbuf, but on the other hand, realistically, i don't see where it would make a lot of difference as it's just mathematics.again, i would say that they have their ducks in a row. {no offense to our #1 duck 2000}
just_al
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Post by just_al on Mon 01 Jul 2013, 2:26 pm

Iraq - Plan????

I think they're still trying to figure out a way to get out of paying outsiders off.

JMO

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