Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by CharmedPiper

I was looking at CBI website and found this to be a new article but I cannot translate it...anybody able to get this translated. If it already has been discussed sorry...this is new for me.

http://www.cbiraq.org/Press%20Communique'%20Issued.pdf

Here you go. Good find CP, like the sound of this, very interesting.......especially this part....


The bank will maintain Marazi Iraqi on the other tracksin its monetary policy to achieve intermediate goals for reducing inflation and contain inflationary expectations, relying on "stabilizing nominal" cash Aatar Yazzmen rate of the Iraqi dinar against the dollar and boosted the purchasing power of the Iraqi dinar to move across the tracks and cash assistance in inflation targeting. eitherAlihalanange reflect the Bank's monetary Marazi Iraqi Without doubt on the link between climate and means of monetary policy,whether in the area of interest rates or exchange rates on one hand,The stability of the general level of prices on the other hand promised the Association of tasks President underlying the Marazi Bank in the implementation of its goals to maximize the purchasing power of cash income and the strengthening of the capacities of the country coffers in a way that achieves the objectives of economic growth in the long term.







Bank of Baghdad, the Iraqi Marazi 18 / October / 2006 World Marazi 4196th statement on the Iraqi current positive trends in the overall level of prices Press Communiqué 'Issued from the CBI Concerning the current Positive Seabird of the General Price Level following World Marazi Iraqi interestdeep price trends and the current positive indicators displayed by the index of consumer prices in Iraq (Am'cher for inflation), which scored a broad decline in the growth rates, particularly in the month of September of this year, 2006,The (negative 13%) compared with August of the same year.And to the extent that the bank believes the Iraqi Marazi in this decline as a sign of the health of the Iraqi economy, to show its ability to contain the phenomenon of inflationary trends and respond to unwanted levels of living or productivity in the distribution of resources among the various uses,However, he is still aware that the source of Ant price fluctuations resulting from vibrations generated by the supply sector in the level of real rates of production or productivity promised by changing the basis for the development of activities of price and delinquency rates on the price of natural tracks and levels of moderation.Taking the positive developments in the energy sector, fuel and transport and communication sector has Abera, in the low rates of inflation in the month last September as the rates of decline contributed by paragraph fuel and lighting components in the index of consumer prices in Iraq about (negative 42%), while transport contributed paragraph. ( Wa%some of the surface (negative 33 and the World Marazi Iraqi need support the economic policy of positive trends in the level of inflation and the decline through various hubs and trends, particularly in the field of energy, fuel, and the areas of fiscal policy aimed at restructuring public expenditures and a containment pressureMali, as well as the role of the investment policy, including the various investment opportunities and boosted economic growth in the country. At a time when monetary policy to sense that there was high optimism in the stability of the general level of prices and the decline in inflation rates but it is aware of the importance of staying on the trends of strong backing to the hard-line LasTakrar economic,reflected in the current level of rates as well as the bank continues Marazi,interest Rate Policy-Marazi Iraqi Iraqi bank to achieve its objectives current operational addressed to influence the rates of the monetary liquidity and control menaced and embodied activity u1575 ongoing auction money, bonds and foreign currency auction. The bank will maintain Marazi Iraqi on the other tracksin its monetary policy to achieve intermediate goals for reducing inflation and contain inflationary expectations, relying on "stabilizing nominal" cash Aatar Yazzmen rate of the Iraqi dinar against the dollar and boosted the purchasing power of the Iraqi dinar to move across the tracks and cash assistance in inflation targeting. eitherAlihalanange reflect the Bank's monetary Marazi Iraqi Without doubt on the link between climate and means of monetary policy,whether in the area of interest rates or exchange rates on one hand,The stability of the general level of prices on the other hand promised the Association of tasks President underlying the Marazi Bank in the implementation of its goals to maximize the purchasing power of cash income and the strengthening of the capacities of the country coffers in a way that achieves the objectives of economic growth in the long term.

With Eid outings and picnics out of the question, Abu Ahmed, like most Iraqis, is also unable to buy his children new clothes as customary for Eid

“What really hurt me most and made me steam with anger is the Iraqi parliamentary decision to give each citizen 10,000 Iraqi dinars ($6.7) on the occasion of Eid al-Fitr,” she said.
“What would this amount do for any one if a pair of children shoes costs 15,000 dinars?” she exclaimed sourly.

Baghdad-Eid (Feature) :: Aswat al Iraq :: Aswat al Iraq

What happened to these handouts? And how could they insult their citizens with that amount??

CP, how new do you think the above article is off the CBI site??

I think the last part is as good as saying r/v.....here it is...........Anyone else see it??????



The bank will maintain Marazi Iraqi on the other tracksin its monetary policy to achieve intermediate goals for reducing inflation and contain inflationary expectations, relying on "stabilizing nominal" cash Aatar Yazzmen rate of the Iraqi dinar against the dollar and boosted the purchasing power of the Iraqi dinar to move across the tracks and cash assistance in inflation targeting. eitherAlihalanange reflect the Bank's monetary Marazi Iraqi Without doubt on the link between climate and means of monetary policy,whether in the area of interest rates or exchange rates on one hand,The stability of the general level of prices on the other hand promised the Association of tasks President underlying the Marazi Bank in the implementation of its goals to maximize the purchasing power of cash income and the strengthening of the capacities of the country coffers in a way that achieves the objectives of economic growth in the long term.

Originally Posted by rvalreadydang

With Eid outings and picnics out of the question, Abu Ahmed, like most Iraqis, is also unable to buy his children new clothes as customary for Eid.

“What really hurt me most and made me steam with anger is the Iraqi parliamentary decision to give each citizen 10,000 Iraqi dinars ($6.7) on the occasion of Eid al-Fitr,” she said.
“What would this amount do for anyone if a pair of children's shoes costs 15,000 dinars?” she exclaimed sourly.

Baghdad-Eid (Feature) :: Aswat al Iraq :: Aswat al Iraq

What happened to these handouts? And how could they insult their citizens with that amount??

Injury and insult at the same time. I am at a loss for words on this. How can a government stoop so low? Like all things Iraqi, as usual...

The only way it seems to fix this situation is by filling out a DD Form 2402 (Direct Exchange Tag) and DX the current Parliament. Unbelievable...

PS: $6.70 USD? I spend more than that at Mickey D's! SOBs...

PSS: Because of this, Our Brothers & Sisters-In-Arms now have to stay longer in the Sandbox. No Fair!

Originally Posted by Adster

CP, how new do you think the above article is off the CBI site??

I think the last part is as good as saying r/v.....here it is...........Anyone else see it??????



The bank will maintain Marazi Iraqi on the other tracksin its monetary policy to achieve intermediate goals for reducing inflation and contain inflationary expectations, relying on "stabilizing nominal" cash Aatar Yazzmen rate of the Iraqi dinar against the dollar and boosted the purchasing power of the Iraqi dinar to move across the tracks and cash assistance in inflation targeting. eitherAlihalanange reflect the Bank's monetary Marazi Iraqi Without doubt on the link between climate and means of monetary policy,whether in the area of interest rates or exchange rates on one hand,The stability of the general level of prices on the other hand promised the Association of tasks President underlying the Marazi Bank in the implementation of its goals to maximize the purchasing power of cash income and the strengthening of the capacities of the country coffers in a way that achieves the objectives of economic growth in the long term.

Yes, in two language

Originally Posted by Adster

CP, how new do you think the above article is off the CBI site??

I think the last part is as good as saying r/v.....here it is...........Anyone else see it??????



The bank will maintain Marazi Iraqi on the other tracksin its monetary policy to achieve intermediate goals for reducing inflation and contain inflationary expectations, relying on "stabilizing nominal" cash Aatar Yazzmen rate of the Iraqi dinar against the dollar and boosted the purchasing power of the Iraqi dinar to move across the tracks and cash assistance in inflation targeting. eitherAlihalanange reflect the Bank's monetary Marazi Iraqi Without doubt on the link between climate and means of monetary policy,whether in the area of interest rates or exchange rates on one hand,The stability of the general level of prices on the other hand promised the Association of tasks President underlying the Marazi Bank in the implementation of its goals to maximize the purchasing power of cash income and the strengthening of the capacities of the country coffers in a way that achieves the objectives of economic growth in the long term.

This is the first that I saw this and I check everyday...I always check the announcements and publications first...hoping for something new and up until today there have always only been those other 2 publications for a few months, anyway.???

Originally Posted by Adster

Your most welcome, we need to be there for each other and keep the spirits going. This is a life changing event, best to try and enjoy the ride, the ups and downs of it because once we get there there'll be no going back. :0)

The articles today re Kuwait, Bush, and Saudi is all good positive news. Always thought we need their debt forgiveness before a r/v so it's all good!

When will it happen? I'll stick with by the end of November, ICI gets signed then and everything should be in place. What a xmas it would make too! Who fancies a pre/xmas post r/v party in the Caymans?! LOL.

As for where you can go. The Halifax exchanges dinars. So does the Nat West.

I'd wait to see what it r/v's at before deciding how much to offload.

do you know whether you need an account at Halifax and Nat west in order to change the dinars.

I have read in another forum that it is possible that they may tier a reval what are everyones thoughts on that. I have always thought that maybe a low reval would just encourage more speculators, but one thing that concerns me is if they call in say the 25K notes as well. Of course the only people that will affect in a big way is us, unless we can get it to our bank accounts. Personally I would not want to cash in on a low reval, I would want to wait for the next few tiers particularly as half my dinars are 25K notes. I hope this is not the case of course, just my thoughts

Thanks CP, I've posted it elsewhere on other forums (saying you found it) to get views. I read this as them saying 'we need more purchasing power' (which we've said all along) and 'we need a stronger dinar to help fight inflation as well as strengthening the countries capacities'.

Someone wake Susie for facks sake, WWWWOOOOOOOTTTTTTTTTTTTTTTT!

Originally Posted by CharmedPiper

This is the first that I saw this and I check everyday...I always check the announcements first...hoping for something new and up until today there have always only been those other 2 announcements for a few months, anyway.???

What part of the CBI site did you get this from, I cant find it anywhere

Originally Posted by rvalreadydang

With Eid outings and picnics out of the question, Abu Ahmed, like most Iraqis, is also unable to buy his children new clothes as customary for Eid

“What really hurt me most and made me steam with anger is the Iraqi parliamentary decision to give each citizen 10,000 Iraqi dinars ($6.7) on the occasion of Eid al-Fitr,” she said.
“What would this amount do for any one if a pair of children shoes costs 15,000 dinars?” she exclaimed sourly.

Baghdad-Eid (Feature) :: Aswat al Iraq :: Aswat al Iraq

What happened to these handouts? And how could they insult their citizens with that amount??:nunu:

Thats what I have felt all along...how insulting the whole thing was to their people if the value was on 6 or 7 dollars. My STRONG feeling is the reason they HAVEN'T received them yet is because the government is waiting to hand them out AFTER the r/v. That can be the ONLY explanation! I don't really think their government is that insensitive to the needs of their people who have endured so much under Saddam and are still enduring, to slap them in the face like this.
But the article about the people standing in front of the bank to get their checks still has me stumped.
Lets jump hope they do something for these people and quit dragging their feet SOON!

Cheers!
DayDream