TennWolfMan: CBI guys, IMF guys, and World Bank guys are to meet in NY today to try to nail down a rate. Lets all pray it will be a successful meeting..
JerseyBoysFanin: DAVOS meeting today, CBI coming to New York, Meeting with the IMF and World Banks to agree on the rate for the Iraqi Dinar… is being reported on Open Mic this morning. Ya’ll should be rejoicing and with uncontainable joy right now.
DC New York also said something else that I didn’t catch all of. It was regarding the new rate for the Iraqi dinar. All other currencies have rates listed, but the Iraqi dinar is blank…. like they are waiting to insert the new rate in that spot. COME ON!!!!!!!!!!
Per DC New York… article on pegging the Iraqi dinar to the global economy…. It’s an Iraqi article. She is going to have Tish post it here on the forum. The title of the article will be “The invitation of the IRaqi Dinar Linked to the Global Economy”. Look for that to be posted shortly.
Dallred123 I just know that this is going down after tomorrow. i think Martha is on to something if you catch my drift. i dont buy all that is said i just said i think she is on to something
Skyward100: Good Morning Tnt family. Here is something I found this morning. Have a great day everyone http://english.alarabiya.net/en/business/banking-and-finance/2016/01/1 9/Iran-to-get-32-bln-of-unfrozen-assets-after-sanctions-end-.html
BAGHDAD Hussein al-Tamimi Tgb
stressed global stock representative in Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world’s currencies, which in turn will give the power of the economic process within the country.
He said in an interview «morning»: that the Iraqi economy at the current stage needs to be clearly defined, pointing out that the laws relating to the economic aspect is still pursuing regulations socialist formula in the economic management of the sector, while economic and trade process pursues an open economy approach or the so-called (the market economy) .
Mahmoud said, an example of the reality of the Iraqi economy, it continues to rely on letters of guarantee granted to the traders to complete the import of goods operations, and this means limited to Iraqi criticism within the banks, and then prevent the spread of the Iraqi dinar in international markets, and the result was to weaken the value of the dinar and the inability to use it outside the borders of Iraq, noting the importance of the introduction of the Iraqi dinar to global markets.
He continued by saying that the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency
This in turn will give the power of the economic process in Iraq. He said that the entry of the Iraqi dinar investment and thus can any investor to keep the Iraqi dinar as an investment in the currency market, there is no harm in raising the ceiling of printing the local currency as long as there are cash lid covers the domestic currency trading volume in global markets, also contributes to reduce hard currency emerging from Country, where traders will be able to import goods in Iraqi dinars, as well as an end to the black market phenomenon the fact that traders do not need to buy hard currency to finance their business operations.
Mahmoud said that linking the Iraqi dinar to the global economy leads to obviate the need for an auction of hard currency, which will determine the dinar exchange rate universally Iraqi against a basket of world currencies, helping to rewrite the business model of the private banks, instead of banks reliance on letters of guarantee and daily quota of hard currency given to it by the central bank on which the banks in achieving their profits, the introduction of banks investment as a project In the major internal and external business processes to take an active role in the country’s economy in the Renaissance.