Thread: Iraqi/Dinar News before 3-12-2007 7:45PM CentralTimeZone

Originally Posted by Wm.Knowles

Interesting............the second day in a row that traders have made comments about an anticipated rise in the rate of the dinar. If they take it up only a little, all they will do is further specualtion. Many things happening this month, "March Madness". So thanks to our friend Socata 850, we are seeing over 6.5Trillion out. Not much more to go till 7trillion is hit and that does not take into account the dinar pulled out from under our noses between Jan. 06 and Nov. 06. Thank You.

Thank you Mr. Knowles for your input....also thanks to all the news hounds...it is very much appreciated!

Lee

Originally Posted by Hardwood

I just spotted a "sign":

From today's New York Times Daily Crossword Puzzle:

Answer to 38 Down: "Happy"
Answer to 23 Across: "Dinar"

Put them together: "Happy Dinar"!!

Woot!!

Is that really true Hardwood? Because if it is that's pretty amusing!!

Originally Posted by boxmama

Is that really true Hardwood? Because if it is that's pretty amusing!!

I do the NY Times X-Word every day, that was from TODAY'S puzzle.

Coincidence? Hmmmmm.....

"Happy Dinar"

Thank you.

أعلن البنك المركزي العراقي عزمه على خفض التضخم ورفع قيمة الدينار العراقي لتوفير الاستقرار النقدي وتوسيع وتعجيل معدلات النمو الاقتصادي.

The Iraqi Central Bank announced its intention to reduce inflation and increase the value of the Iraqi dinar to provide monetary stability and to expand and accelerate economic growth rates.

وجاء في بيان صادر عن البنك المركزي العراقي أن السياسة النقدية للبنك في الأشهر المقبلة ستعتمد على إشارتين أساسيتين هما رفع سعر صرف الدينار العراقي وزيادة معدلات فائدة البنك المركزي العراقي.

A statement issued by the Central Bank of Iraq that the bank's monetary policy in the coming months will depend on two basic references raise the exchange rate of the Iraqi dinar and increasing interest rates, the Central Bank of Iraq.

ويشير البنك في بيانه إلى أن نشاطاته في تنفيذ سياسته ستستغرق بعض الأشهر حتى تتضح تأثيراتها على اتجاهات التضخم ومساراته.

The World Bank in its statement that its activities in implementing the policy will take some months until the effects on inflation trends and its operations.

Radio Sawa - البنك المركزي العراقي يعلن عن سلسلة إجراءات لتو�ير الاستقرار النقدي

Originally Posted by Hardwood

I do the NY Times X-Word every day, that was from TODAY'S puzzle.

Coincidence? Hmmmmm.....

"Happy Dinar"

Thank you.

Maybe its the secret signal from Bernanke to Shabs to go ahead and pull the trigger

HMMMM is this repeating, or another one they've put out?

The Iraqi Central Bank announced its intention to reduce inflation and increase the value of the Iraqi dinar to provide monetary stability and to expand and accelerate economic growth rates.

.A statement issued by the Central Bank of Iraq that the bank's monetary policy in the coming months will depend on two basic references raise the exchange rate of the Iraqi dinar and increasing interest rates, the Central Bank of Iraq.
. The World Bank in its statement that its activities in implementing the policy will take some months until the effects on inflation trends and its operations.

Radio Sawa - البنك المركزي العراقي يعلن عن سلسلة إجراءات لتو�ير الاستقرار النقدي

OOps, sorry adster, lol we must have posting at the same time

Originally Posted by rvalreadydang

OOps, sorry adster, lol we must have posting at the same time

Just beat ya to it! As I just posted elsewhere, I'm giving less and less credit to any article that comes out as whether good or bad there is a lot of misinformation and BS coming out.......Don't always believe what you read.

The General Authority for a tax exemption on the tax allocations received Mina government departments and public companies and mixed.
وقال ..A source in the body : the body felt that the exemption rate not exceeding a total of 30% of the monthly salary of government employees and the net taxable income is a direct deduction.
مضيفاًالمذكورة.He added that the taxable income is the sum of wages and salaries and allowances deserved minus Samahat cuts and exemptions and exceptions provided for under the instruction.
الة.The source explained : that the net income is subject to tax on the basis of the calculation of the monthly rate of tax. .Specific allocations : geographic location and dangerous and service university and external, control and special.

ouch 30%?
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xuse me if this has been posted:

The Central Bank of Iraq aims through its monetary policy to reduce inflation and to provide monetary stability in order to advance the process of economic growth trends correct. ..The main mechanisms that policy daily dollar auction through which the sale of the dollar for the banks as well as support for the value of the interest rates paid on savings accounts and fixed deposits in the banking system. بيد ان ..However, a note of the mechanisms of government banks in the implementation of the policy of the bank to reduce the phenomenon of inflation; Changing interest rates received on credit granted and adjust interest rates paid on savings account and deposits, requires the declaration in order to inform the public so that the public here, is the main player in the implementation of this treatment, given that the cash in his hands.

والاشكالية فروعها هي 10% وهذا ..The problem here is not in the weakness of the Declaration and, but in the absence of such a declaration, utility granted at the expense of saving was 6%, the majority of the public transmission of the rupture with the banking institutions came as a result of lack of trust between him and those institutions that were subject to improvised jurisprudence from the central government while the economy has moved pours in basket policy and not vice versa as it is known, the public and because of the lack of awareness of the banking, because of that rupture, still believes that the interest awarded on the savings account is 3% or less, while the new interest posed by the government banks in Mekhatabatha to branches are 10% and this ... ..The amendment has many temptations to lure cash block preserved under the pillow, as it is said, noting that these amendments had been introduced as of January 1, 2007, but we have never read a declaration did not see on the TV screens to tell the public and companies that the new interest rate on fixed deposits for one year is 10% from 8% and more than that, that the public and at various levels, it is still certified as may tell him some people in this regard. Director of the Bank One branches in the government, he said. نحن ..We Kmasservein fear mass influx of cash to our banks. لان ..Because the flow of the bloc, the obligation for the payment of interest and therefore means that the investment of these funds in order to fulfill that commitment note that our banks vaults packed funds, but our administrations afraid of investing. Then he said. True that those amounts could be deposited in the Treasury and the Central Bank therefore can be obtained at an interest rate greater than those donating to our customers. ...But frankly inherited laziness and routine work in the performance of our jobs, while the policy of the Central Bank needed to be seriously in the implementation and require follow-up and control of the bank to work governmental banks, as there is a lot of books and correspondence relating to the details of important and necessary in the banking, but not yet implemented, or implemented routine almost non-implementation Take, for example the necessity of the existence of (compliance officer) or officer dealing directly with the public on deposits up to the phenomenon of money laundering, the employee, was assigned the matter and then ended the same thing as the instructions inside the drawer, it had not exercised that the official session recommended by the Central Bank and the in this (history), as was the amendment to the interest rate or advertised in the bulletin board inside the branches is no longer a matter of more than a paper posted on the wall like other papers, and perhaps still a few days later, note that the interest rate was calculated during the last two months (January and February), according to the case in the past year because the amendment values accounts in the interest came late to the tablet computer, which is in the public administration ... Here, we imagine that much talk at this (banking), it is sufficient to understand that the government banks are now in the implementation of the draft staff advances and it is enough to point out one of the branches of these banks in the city of Basra, which has loaned more than thirty billion Iraqi dinars to the staff in less than five months. Is it conceivable that the public administrations of the banks involved in the implementation of government policy of the Central Bank in combating the phenomenon of inflation? They contribute to the increase of cash on a large scary at the financial policy adopted by the Ministry of Finance and the odds are clearly with the monetary policy of the Central Bank
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