Replies to post #18969 on Iraqi Dinar Discussion Board (IQD)

[Tim]

Yeah, OK - nothing new. An article from 5 weeks ago and nothing has changed. This has been floating as you know for several years and the key is no decision has been made:

Asked whether there is a timeframe for making a decision on this issue, he denies that there is, explaining that this depends on the circumstances and the exchange rate policies.

[Rasica]

We discussed this earlier that it is the MFI & Iraq Government that determines the 'tight monetary policy and buying back the Dinar at a rate of $1.5 Billion USD/Month.



From the article you posted:

Rahim notes that some accuse the Central Bank of adopting strict policies in order to control inflation, and others justify these policies saying that these policies are dictated by the IMF, and he asks Al-Shibibi to comment. Al-Shibibi says this matter should not be exaggerated, noting that the Iraqi Government, not the Central Bank, has an agreement with the IMF, and the Central Bank implements the government's monetary policies. He adds that the IMF sets terms in every agreement it signs with every country, and "while negotiating with the IMF, we try to make these terms as easy as possible. At the same time, we try to impose certain matters on the IMF," explaining that these negotiations aim at reducing 80 per cent of Iraqi debts. He adds that when Iraqi debts are reduced by this percentage, the budget costs will decrease and the speculations concerning its implementation become more certain. He says: "The 80 (THIS SHOULD STATE 60 IF CONGRUENT WITH TIMELINE) per cent reduction in debts, which we were able to obtain from the Paris Club, is the highest percentage ever given to a middle-income country in the entire world." Asked to explain in return for what, he says in return for policies that Iraq should implement."

Now read closely:
From your article and as I posted some thereof above was dated November!!
*Aziz Rahim, interviews Iraqi Central Bank Governor Dr Sinan al-Shibibi - date not given; recorded

The following link takes you to info I posted in December from the IMF who just reduced the Iraq Debt by a confirmed 80%____

NOTE THE 80%

Iraq stated it would reduce the budget should that take place______

As I posted in the previous post, Iraq reduced their Budget from $80 Billion to $67 Billion. This was not as you suggested due to reduced Oil prices, but from IMF parameters and the November disclosure, that Iraq would reduce the Budget should the IMF in fact confirm and approve the reduction in Debt.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34358759

Now with regards to LOP, again, the CBI states only __ 'concerned parties' and does NOT state IMF or Iraqi Government. Al-Shibibi says this issue has nothing to do with inflation, LOP is to reduce inflation. The comment was strictly from 'other' concerned parties'.