Replies to post #18057 on Iraqi Dinar Discussion Board (IQD)

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Here is a thread on the 9/3 IMF statement:
Quote from International Monetary Fund Report -
"...To keep inflation under control, the Central Bank of Iraq will tighten its monetary policy stance, notably by increasing the pace of appreciation of the dinar and by keeping its policy interest rate positive in real terms."

LINK:
http://www.investorsiraq.com/showthread.php?t=91685

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macdrsirules,
I hope so

Many here have held for years and become immune to rumors and bitter over lack of DINAR VALUE

I understand that
but
I try to concentrate on News - Positive news
from the IMF and the Iraq Banks

The IMF states in no uncertain terms:
"To keep inflation under control, the Central Bank of Iraq will tighten its monetary policy stance, notably by increasing the pace of appreciation of the dinar and by keeping its policy interest rate positive in real terms."


so without any editorializing -
I read:
"by increasing the pace of appreciation of the dinar"


that sounds good to me
either a faster slow grow
or
a Re-Val? maybe a small one-who knows
or
Letting the value FLOAT in the world market


then add this statement:
by
Abdul-Hussein Yasiri, (general manager and board chairman of the Rafidain Bank)

From the Iraq Markets Seminar 7/8/08
He states:
"Global system...This comprehensive system... on 15 / 9 linking Iraq and the whole world."

It indicates to me and many others at IIF Forum that the Iraq Dinar will become an international currency on 9/15/08 available for trade in every country in the world
When this happens, then the DINAR has to float in the World Market -
Does it not ?

Here is the "translated" Statement:

Facilitate the movement of capital abroad

Abdul-Hussein Yasiri: Now on the subject of capital movements as we know that Iraq has moved from the totalitarian system of rules that prevent the conversion and even cancelled the Directorate General of the conversion of outside control, and any citizen can divert funds to any region of the world and to any country, and now there are transfers Through the Rafidain Bank and Rasheed Bank and the Central millions of dollars and foreign currencies. There was not any problem at the moment.

We have another system, we will emerge soon, God called Global System. This comprehensive system will expire in the first phase on 15 / 9 linking Iraq and the whole world. We are heading to the work of bringing the Iraqi economy and a lift from Iraqi banks and put them now work in Iraqi banks is almost the level of work foreign banks.










T.MAC N.Y.C
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"There is no substitute for VICTORY!"
- General Douglas MacArthur