OldSchool: Guys I have not put out anything for a long time . I had hoped to fade into the sunset never to talk about dinar again . The truth is no matter how bad we want it or how close people think we are . We are not quite there yet .
What I am hearing is 3 weeks at soonest end of February latest . It’s all power plays and none of them work out to our timing . I know a lot of people are hurting and it is to bad that greed runs this world .
There are whales swimming across the ocean for a sucker rate deal .
My take on that is it will draw in over 2.5 million notes out of circulation . And it should help increase demand and value . Every one want to give an exact date but the truth is nobody knows we all have pieces . It is rolling out just slower then anyone expected.
Things are moving but don’t be looking for it the next couple weeks . You have better chances winning the lottery!! Just hang on a little longer we are almost there .
Bruce A: 2016 Budget, from Iraq Parliament website
1/10/2016 0:00 Baghdad Joseph Zayer
is known that the currency of any country depends on the performance of its economy, value, and there are several factors in this performance impact in determining this value, including the interest rate where height will attract foreign capital to the inside, and the other factor balance the country’s trade Increasing demand for a particular commodity will increase demand also on its currency. In addition to the political situation factor for the country, too, the inflation rate reflects the purchasing value of the currency or the amount of goods and services that can be purchased.
It measures adopted by the economic policies of the countries is the currency market management and price exchange in front of the other currencies, and in this regard stresses economist Ahmed Abrihi Ali said exchange rate affects imports and exports, it can raise or reduce the relative prices of imports (exports) to support international competitiveness or weaken it.
The best example to control the value of any currency is the measures taken by China’s second-largest economy in the world to maintain a low rate of the Chinese yuan to serve their purposes in export and even dumping their products which, The United States accuses China of fabricating reduce the price of its currency to stimulate trade-offscommercial.
In Iraq, the parliamentary Finance Committee announced it was looking for a project to reconsider the dinar exchange rate against the dollar with the government and central bank. He explained the Commission’s decision MP Ahmad Haji: that there was a project taught by the Central Bank and the Council of Ministers, and the Finance Committee, to reconsider the dollar’s exchange rate against the dinar.
He pointed Haji in comments to local media that it is still a project under study and no decision, where the study Is Iraq could reconsider the exchange rate? Is it the government is in the interest of the citizen or hurt? Noting that a review of the exchange rate will be one of the government’s interest, but harmful to the citizen, where would increase the exchange rate to runaway inflation, and an increase in commodity prices, and student Haji need to take it into consideration and study of the project from all aspects, before taking any decision, noting that the re Consideration will be an increase of the dollar exchange rate, a low rate of the dinar against the dollar, because the government can not raise the price of the dinar against the dollar, at a time that the revenues and expenditures in dinars to the dollar, pointing out that the increase in price of the dollar is what is the benefit to the government.
Iraq is facing a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 501 trillion deficit rate of 8.22 percent.The Finance Minister Hoshyar Zebari said earlier last week in a newspaper interview that: There are several alternatives to oil, such as borrowing from international institutions, low-interest, and we did it. For example we have received help from the International Monetary Fund, and a few days ago we received billion and 002 million dollars from the World Bank, we have introduced a monitoring program on how we manage the financial and economic policy, and if we could get help more of them, as we intend to sell sovereign bonds, because the situation in Iraq this year better than last year in this regard.