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RBDC figured the news would make this go
RBDC ready to pop here
by increasing the purchasing power of local currency against the dollar, which reduces the relative impact of inflation." He pointed out that there were "two specific factors to rule this process, the first is the amount of cash reserves from dollars in the Central Bank, and the second is the ratio of monthly inflation."
This is the same guy speaking so why would you think that a lop would come before even a small reval? When he put the lop a year out.
Yes, but it is a direct result of what they would save in the counting process...burden of cash. Doesn't fix the impact problem on the citizens cost of goods.
"low cost counting and counting and other leads to a decline in inflation by an estimated rate of 3%, resulting from the cost of cash transactions of large deals, have citizen in Basra for example, to transfer funds to Iraq through cash into the category of the dollar, Potential burdens and costs and commissions arising from the conversion process. It cost added to the transaction prices inevitably.
It seems that curing the impact over the effect of inflation is far more important..But what do I know? just speculation
You have to admit, they cannot announce a reval in advance as it would be a speculation disaster. However, announcing a lop puts them in a position to suck in alot of dinar from train jumpers....hmmmm, what if it IS bs...just a thought...why announce a lop now and have to eat all the cash. Just do it and screw everybody.
The lop would be to go to lower denoms DUE to the past but their problem right now seems to be the hinderance of the physical burden of all the cash...
"We know for example that one of the biggest problems at the present time the problem of counting and counting and verification of counterfeit currency or the offense, and this burden to the banking system, the burden on the citizen as well."
The consultant concluded the central bank to say that "low cost counting and counting and other leads to a decline in inflation by an estimated rate of 3%, resulting from the cost of cash transactions of large deals, have citizen in Basra for example, to transfer funds to Iraq through cash into the category of the dollar, Potential burdens and costs and commissions arising from the conversion process. It cost added to the transaction prices inevitably.
To lop before a revaluation doesn't make sense to me.
ok, unless I missed something, the lop, if it is in fact going to happen will not be for a year and then gradually to avoid panic. The inflation is here now and there was no indication as to when or how much the exchange rate would be strengthened. If this is the case how do you know that the lop will preceed the revalue? I say the exchange rate moves before the lop...makes more sense for everyone imo
Iraq's New Investment Law
The Coalition Provisional Authority (CPA) has introduced a different legal regime to attract foreign investment. Today, in the majority of cases, foreign investors have been granted the same rights as national investors vis-à-vis their investments. Iraq's new Investment Law, approved on 22 October 2006, guarantees a climate where foreign investment is facilitated.
Central Bank Consultant: The inflation and the amount of reserve are determining the policy of supporting Dinar
The Central Bank Consultant Dr. Mudhir Mohammad Saleh, stated on Friday, that the bank depends on determinants of policy in supporting the Iraqi dinar exchange rate against the dollar, and that represented by the amount of reserve, and the inflation rate in the Iraqi market, indicating that raising the price of dinar is one of the methods to absorb the inflation.
Saleh explained that "the Bank used to support the dinar's exchange rate against the dollar as a means to absorb inflation in the Iraqi market, by increasing the purchasing power of local currency against the dollar, which reduces the relative impact of inflation." He pointed out that there were "two specific factors to rule this process, the first is the amount of cash reserves from dollars in the Central Bank, and the second is the ratio of monthly inflation."
Saleh continued of saying that upon the amount of reserve and the monthly inflation rate ,we can determine the amount of support the Iraqi dinar exchange rate." Stating that "the fall in demand for the dollar due to the drop in rate prices more than in the past, is a temporary situation and will subside over time, and that the benefit resulting from raising the dinar exchange rate, much higher than the temporary effects and the weak impact on the movement of the Iraqi market."
The volume of aggregate demand to buy the dollar had declined in five sessions of the Central Bank of Iraq auction this week, recording a total demand of 421 million and 555 thousand dollars against 583 million and 15 thousand dollars in the sessions of last week. While the rate of demand retreated from the general rates of demand this year, where the rate request to buy the dollar this week recorded 84 million and 311 thousand dollars, the lowest rate in the current year which reached the limits of the 120 million dollars, according to the sources of the Central Bank of Iraq.
The former Planning Minister and member of the Parliament ,Dr. Mahdi Hafedh, stated on Friday, that the Iraqi monetary policy does not match the current economy needs and there is a conflict between claiming about the radical reduction in inflation rate and the reality of the situation in the local market, expressing his belief that real inflation is still dramatically high and certainly what is being mentioned about the reform in monetary policy is questionable.
The Central Bureau of Statistics and Information Technology announced last Tuesday that the annual inflation rate in 2007 rose by 30.8% compared to 2006, and the reason is due to the higher index of most major groups, particularly fuel and lighting group, which rose (71.6%), and totals other rates ranging between 29.3% and 6%.
Source: IRAQdirectory.com
It's like a good bowl of linguini..lol GLTY
THX---RUSL 0006 weeeeeeeeeee
I don't care...momo is momo right?
RUSL gonna be huge play---just started pr
There we go 0005 RUSL
RUSL grabbing 0004
Saleh: Seeking to strengthen exchange rate
This is the same "expert"
Mehdi Hafedh, confirms that the economic performance of the Iraqi complain about the vulnerability of
The former Planning Minister Mehdi Hafedh, Iraq's economic performance to complain about the vulnerability of the declaration, calling the event continued to lower inflation rates as one aspect of this vulnerability.
Hafiz said in a press release today, Tuesday, the publication that he believed that real inflation is still high in the form of what is said about the reform of monetary policy has been in doubt is widespread.
He pointed out that a state of conflict between the prosecution down drastically in the inflation rate and the realities of the local market, saying that monetary policy in the country do not conform with the requirements of the economy and the current conflict with the requirements of promotion of the private sector, since the case showed that the monetary policy followed Nfrt the private sector, What led to a significant decline in the volume of banking facilities.
Chancellor, the Central Bank of Iraq in the appearance of Mohammed Saleh, said that the bank seeks to strengthen the value of Iraqi dinar and the strengthening exchange rate to become more able to absorb inflationary pressures, pointing out that the bank depends on the approach to maintaining the external value of the Iraqi dinar to reduce the price of imported goods.
Saleh said in a press release today, Tuesday, the food basket that includes 63 to 70 percent of the consumer price index, note that 80 to 90 percent of the country's needs of food imported from abroad and thus, pushing the global inflation on the domestic market.
He explained that the possibility of reducing inflationary situation depends primarily on the ability to activate and increase capital spending because of its impact on the promotion of local production activity.
The benefit of that recent inflation indicators show that the rate was 14 percent, a result of the actions adopted by the local monetary authority.
http://74.125.93.104/translate_c?hl=...NBtvfbZjY0WgPQ
__________________
It is bs...it comes from an advisor...you have to face it that you are feeling your way through the dark like everyone else...lol
RUSL 0005 huge blocks popping
RUSL 0005 looks like push
RUSL support now
RUSL support now
RBDC Added .05 this just started..small pullback
RBDC Added .05 this just started..small pullback
Ok, sorry, always wanted to do that..lol NTRO has a major group going out on it..big budget. Could be a good ride..
NTRO >>> WAX EM UP BOYZZZZZZ
NTRO----SPNG heard some tingzzz boooyyyzzz
NTRO---SPNG gonna go...little birdie says
Just heard of the latest tsunami-----NTRO gonna splode
TNRI HMMMMMMMMM----Icould be a playyyya
RNNM push it baby---go on wit your bad self......
SPNG nice day today for a friday..next week huge imho
SPNG nice day today 11 mill shares---friday
23 people dead...just what u wanted...congrats
SPNG news----chew up the 4's baby
SPNG here we goooooooo
Still in SPNG...Breakout would be sweeet
CLXN---look for gappage in the am
Think I'll drive by this Sample rd address tomorrow...I live 2 mins away...lol Drink the Koolaid in person so to speak.
anyone know the REAL float on this POS?