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21-02-2007, 07:51 PM #841
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21-02-2007, 07:58 PM #842
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Here it is again:
The authority of the central banks of the economic programs
Economic Adviser - Nouri Karim Khan dislikes Yi
Granted, in most countries of the world, especially the developing including the role of the central banks in the management of Uncle Why due dominated those items on the totality of cash transactions related to the fact that most banks branching m Nha feed and funded through
Guided by its guidelines, directly or indirectly b otherwise, the advanced industrial countries, which have the 136 P private and global banking companies financed Brsam Il huge growth industries, such as Orbiting AT and Petrochemical Industries, which kept pace in practice elsewhere bourses and prestigious international banks, it evaporated the banks have the upper hand in this Almadma R. compared with the central banks, therefore Bastta made us acutely emphasis on the impact of the Central Bank of Iraq j plans and programs in our federal and private ( after independence from the Ministry of Finance 2004), 1996/14 to the course of the economic wheel and specifically the impact p Lee cash and the reduction of the phenomena of inflation and now Kamash, which Tutheran positively or negatively to the strong WALSH Raih of the entire social strata and the movement of ESO Requests pension and the situation of the citizens, especially if the gendarmerie a The official reports indicate a cash surplus up Dr. forty billion dollars in 2005 and double that amount of for the financial year 2006.
From here we have the role of the Central Bank enormous if plans Pa Moan in the light of modern scientific programs of the operation of the entire economic and special prices and Oscillation-a for normal in the Iraqi market, which so far has not developed scientific mechanism and process to reduce or at least stop when alone to prevent the deterioration of the pitfalls and things secretions serious Kalexad and economic stagnation.
It suggested guided by the following : -
1.State intervention by the Central Bank to strengthen a force the purchasing of cash (National) compared Bala Mulat and other special (from the U.S. dollar through Ar z quantity balanced and according to laws of supply and demand is not for sale Mtassas the largest possible quantity of the dinar to strengthen the value you Mia traded in the market, which would lead to lifting the cascade. uh purchasing dinars compared to what they were previously, the first positive gesture by senior Central Bank has enhanced status, the Iraqi dinar improved the rate of exchange of 1500 dinars to the dollar to the borders of 1300 dinars vinegar the short period, which led to increased demand in the ESO Requests the local circulation of the national currency in Altam Latt Journal, which directly impact on the phenomenon of inflation and Art month prices generally had a positive impact on the Madj Latt and citizens, especially those with fixed incomes. For Taiz Iz this achievement we call the Central Bank to continue this approach step by step, gradually, assigning y you subscription process for securities and offering price utility prices up to a limit of 16% as is the case with banks only Hlih 5% instead of a dealer, which currently lead the j remarkable retreat in inflation and of 76% for the Year the current fiscal 2006 to levels much lower.
2.Since the movement under the market economic activities based in the sale and purchase of Alciolten Allen Kaditin dinar and the dollar side by side and even in the most pressing for the peoples of the world economic transactions by Nstti p say that they will inevitably lead to a decline in the force of evil Landespolizei for the dollar and that had prevailed previously (in the markets national exclusively) compared Iraqi dinars and will that positively on the commercial operation of External State and private enterprises, especially if the flag Na and that we rely more on the basis of imports Alajenbe Yeh industrial and commercial and consumer rate coughed s 95% and in strengthening the purchasing power of the national currency S. P does not resort drops and the other to raise the salaries and wages and other than a lot of negative effects on the totality of a the economic activities.
3.To continue to pursue this approach and deliberate push of speculators and currency traders at home and abroad for the purchase of the national currency either by the companies and banks, a banking the global or savings and other leading to enhanced d adjacent to the Iraqi dinar and regain its prestige in dealings international (as happened in the State of Kuwait in 1992), after departed invasion, where the exchange rate of the Kuwaiti dinar m n 700 dinars to the dollar to three dollars for dinars. one Kuwaiti despite the tremendous damage that a modernized invasion.
We say in the infrastructure and natural wealth machine Aela enjoyed by Iraq, whether in the subsoil land Kthalth oil reserves in the world, or at the level of surface Ha rich arable land and water pain provided modest population density and demographic and the tourist industry and investment opportunities, especially good after the approval of a legal investment in the new Iraq A. Drali Cordstan and in the territory, all of these programs will not j after a period to strengthen the national currency and restore Af It is hoped, slow as in magazines and analysis correct P specialist, according to the conclusions of the Global Advisor Yen global economic and the Internet sites pain Khtsh and as a result of the new political circumstances and new e, which currently prevails and strategies modern bar e for this purpose globally each of these reasons will not j after a short period to the possibility of convergence rate parents R. Iraqi during the first quarter of the year 2007 to the borders 1000 dinars to $ 1, so we s d achieved economic boom will have social repercussions e and positive political and security at the state level Alvder mechanism
Translated version of http://www.ahali-iraq.net/payv/index.php?option=com_content&task=view&id=4948&Ite
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21-02-2007, 08:02 PM #843
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Pressed for time I translated just the last line of Devildog's post to analyze the % symbol and the translation changes when done as separate lines.
Here's what I came up with...
الى حدود 1000 دينار للدولار الامريكي الواحد و بذلك نكون قد حققنا طفرة اقتصادية ستكون لها مردودات اجتماعية و سياسية وامنية ايجابية على مستوى الدولة الفدرالية.
The limits of 1000 dinars to $ 1, surpassed you, we have an economic boom will have repercussions social, political and security level positive Aldo federal him.
Then I tried just translating the last two lines...
الجديدة و المستجدة التي تسود حاليا و الاستراتيجيات الحديثة المعدة لهذا الغرض عالميا كل هذه الاسباب مجتمعة سوف تؤدي بعد فترة قصيرة الى امكانية تقارب سعر صرف الدينار العراقي خلال الربع الاول من السنة 2007 الى حدود 1000 دينار للدولار الامريكي الواحد و بذلك نكون قد حققنا طفرة اقتصادية ستكون لها مردودات اجتماعية و سياسية وامنية ايجابية على مستوى الدولة الفدرالية.
New and emerging which currently prevails and Alestratej modern come prepared for this purpose all these universally Wallace the door will lead the combined after a short period to the possibility of falling Arb rate of the Iraqi dinar during the first quarter of a for 2007 to the borders of 1000 dinars to the dollar a U.S. for one, so we will have achieved an economic boom will be Refunds of a social and political and security positive m The level of the federal state.
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21-02-2007, 08:02 PM #844
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Just thought this was interesting:
Revaluation talk boosts dinar, dirham
Web posted at: 2/20/2007 0:57:1
Source ::: REUTERS
DUBAI • The currencies of Kuwait and the United Arab Emirates have firmed in recent days as investors bet the two countries will act independently of their Gulf peers to revalue their currencies at an April meeting
Speculation about a currency revaluation has been growing since UAE central bank governor Sultan Nasser Al Suweidi said in January that Gulf Arab central bank governors could decide to keep or change currency pegs at the meeting in Riyadh.
The UAE dirham touched an 11-month high of 3.6700 per dollar late last week and was trading at around 3.6718 per dollar, above its official peg of 3.672, yesterday.
The Kuwaiti dinar touched a 10-week high late last week at 0.28860 per dollar, but eased to 0.28916, back around its peg at 0.28914 per dollar, yesterday.
"The dirham and the dinar have moved a lot for a pegged currency," said Rohit Kedia, manager for money markets at Emirates Bank in Dubai. "There are market rumours that US hedge funds are betting on revaluations."
Gulf currencies climbed in January after Suweidi said Gulf oil exporters could agree to peg to another currency or a currency basket. Kuwait's central bank governor has been quoted as saying Kuwait may change the dinar's trading band against a weakening dollar to guard against the impact of rising costs.
The comments seemed to highlight a divide as regional powerhouse Saudi Arabia, where inflation is not a major problem, said it had no plans to revalue or abandon its dollar peg.
Kuwait allowed its dinar to appreciate one per cent against the dollar within its 3.5 per cent trading band last May.
For the UAE, revaluation may make sense to combat inflation, which Standard Chartered Bank estimated at 13.8 per cent in 2006, the highest in the Gulf.
ING Bank analyst Dorothee Gasser said while ditching the peg altogether in favour of a currency basket is unlikely without a consensus, a revaluation by some members is possible at the upcoming meeting.
"In the UAE there is a case for currency revaluation. On a broader perspective you must differentiate between abandoning the dollar peg and revaluing a currency – the first would be very problematic....but when it comes to revaluation, I'd say there is a definite threat, especially in the UAE," Gasser said.
But she said a revaluation was unlikely to be large as much of UAE price growth is driven by demand in sectors like real estate which will be unaffected by exchange rate changes.
Other Gulf currencies have remained steady despite the fluctuation in the Kuwaiti dinar and UAE dirham. Apart from Saudi Arabia, Bahrain, Oman and Qatar have ruled out changes to their currency pegs.
The Peninsula On-line: Qatar's leading English Daily
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21-02-2007, 08:08 PM #845
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21-02-2007, 08:28 PM #846
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21-02-2007, 08:31 PM #847
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Yeh
And you can also do 1300 dinars Divided by 1000 which = 1.3...... But I dont know for sure. You get 130 by doing 13000 x 1000..... WHICH ONE IS CORRECT!!!!!!!!!!!!!!!!!!!
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21-02-2007, 08:39 PM #848
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21-02-2007, 08:44 PM #849
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21-02-2007, 08:45 PM #850
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