Iraqi Dinar Value should be Raised, Baker Jaber AL Zubaidi:
June 30, 2006
This was pre 1980 before Iraq became involved in three destructive wars that at one time led to the currency's value dropping to a level of 3,000 Iraqi dinars to one US dollar. The proposal has the support and approval of the World Bank.
A statement by B.J. AL Zubaidi, the Minister of Finance, in which he said that he had suggested to the Chairman of the Central Bank, Dr. Sinan AL Shibibi, that three zeros be taken from the Iraqi Dinar in order to raise its value so that one Dinar be equal to a Dollar. He explained that the financial authorities were set on holding a meeting next month to discuss the matter. The meeting is to be attended by experts and spe******ts from the Ministry of Finance, the Iraqi Central Bank and the Commercial Bank .
The new Minister confirmed that 2007 would see the preparation of a qualitative budget, the first of its kind in Iraq history, and that the new program would pinpoint economic indicators.(Source)AlSabah
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Thread: I hope it will be soon
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13-04-2007, 04:18 PM #1
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I hope it will be soon
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16-04-2007, 11:46 AM #2
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this "news", like the generics found in the "latest news" forum is no different than the "news" from last year and earlier. why are folks following this "news"!?
just a quick glance at the never ending parade of "experts" and prose shows how fake/over general all this stuff is.
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16-04-2007, 11:53 AM #3
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