Doodlebug: Is tomorrow Thursday, 05.05.2016 official holiday in Iraq?
(Encyclopedia of the Day News | Iraq News ) – Secretary General of the Council of Ministers Mahdi Keywords denied in a statement (Encyclopedia of this news today) what appeared in a number of social networking sites on the consideration on Thursday a public holiday.
Keywords and said in a statement that Matnaqlth social networking sites of the news indicate that on Thursday a public holiday to mark the Prophet Mohammad Alambos untrue.
He pointed out that tomorrow is the day of official time.
LINK
Yooper75: It’s also Cinco de Mayo! Go figure!
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ReddStarr: Sistani feels distressed state of affairs in the country!
Across the religious authority, Grand Ayatollah Ali al-Sistani for sorrow and regret for what state of affairs in Iraq at the hands of the hands of those were supposed to be employed in the service of its citizens busy criticizing politicians to other interests and Chaglua Palmmagat political and auctionsand caused further suffering of the people.
He said an official source at Sistani’s office in Najaf to the news circulated by a number of news reporting sites in recent days and attributed them to the supreme religious authority for political positions and nominations for government sites and meetings with some of the politicians, and the source said that the news untrue altogether.
The source added, according to the transfer of his official website that “the supreme religious authority watching events closely and followed up thoroughly, and feel sorrow and regret to the outcome of the matters of the country at the hands of who was supposed to work in his countrymen service and strive to make them happy and provide them with the requirements of life precious.”
He went on to say, “But they went out to other interests and Chaglua Palmmagat political and auctions and caused further suffering of the people.”
He continued saying, “It is at the same time renewed its warning to all parties to continue the current approach in dealing with the country’s many issues and crises.”
He called on al-Sistani, according to the source politicians to think about the future of the people and said, “inviting them to reflect on the future of their people and take serious and concrete steps to get out of the current situation to the better. Link
Scarlet2575: A friend and I were talking this morning and she stated that some time earlier this year a article came out on this forum stating that Iran’s currency was going to have value by June. Is this true ? If so does anyone have this article ? Thank you
Stranger: scarlet i remember that iran was flexing their mouth piece after sanctions were lifted and yes they mentioned they were going to raise the value of their currency in june,,,,keep in mind they were boasting jmo
Don961: Yep …. guess we’re in that within 6 months parameter .
Walkingstick……( From Nov. 18, 2015)
Iran to Unify Rial Exchange Rate With Dollar After Nuclear Deal Implemented
November 18, 2015
Seif says Iran needs currency access to unify exchange rate
Central bank governor says economy to grow 5 percent next year
Iran plans to unify the rial’s exchange rates with the dollar after the nuclear accords signed with world powers is implemented, according to the country’s central bank Governor Valiollah Seif.
“We have a very stable currency market, but to proceed toward a unified exchange rate requires accelerating the country’s access to foreign currency,” Seif said in an interview in Frankfurt on Wednesday. “It can happen once the nuclear deal is implemented,maximum six months after that.”
The agreed lifting or suspension of sanctions on Iran is expected to begin in the first quarter of next year following verification that the Islamic Republic has met its commitments on dismantling its nuclear program. The unfreezing of assets worth at least $30 billion and access to international finance and foreign direct investment may follow.
Under the terms of the deal, most of Iran’s banks will be reconnected to Swift, the global financial messaging system that facilitates bank transfers.
Iran has both an official exchange rate to the dollar and another rate that is used in unregulated markets. The rial traded at 35,750 per dollar on the street on Wednesday, compared to the official rate of 29,970 cited on the central bank’s website.
Depreciation
The rial lost about 80 percent of its value in the year to late 2012 as a result of sanctions. Since President Hassan Rouhani took office in August 2013, the central bank has tightened credit and stabilized the currency.
The central bank’s role is to “smoothen fluctuations of exchange rates,” Seif said. But “if we allow the rate to be defined by the economic realities and decided by the market the bank’s only role will be to prevent shocks,” he said.
Iran’s economy will expand less than 3 percent this year, with growth rising to 5 percent in the Iranian year starting March 2016 boosted by oil sales, industrial output and tourism, he said. Inflation will fall to “single-digits” next year, from 13 percent, he said.
Rouhani has said Iran needs $150 billion in investment to achieve the 8 percent economic expansion that can lower the country’s chronic youth unemployment.
Iran has “100 billion euros worth of projects, which investors can review and choose from either by partnering, or financing them, or through direct investment,” Seif said. “Given the country’s geographic location, its mines reserves and the vast market around, Iran is in a position to create a good market for Europe’s developed industries so that in partnership, they can produce goods in Iran and sell in the region.”
http://www.bloomberg.com/news/articles/2015-11-18/iran-to-unify-dollar-exchange-rate-once-nuclear-deal-implemented
