Replies to post #23722 on Iraqi Dinar Discussion Board (IQD)

[Panhead]

Iraq is expected to see an "economic breakthrough" in the coming 5 years
Friday, April 2nd 2010 11:36 AM



Baghdad, April 2 (AKnews) - The Ministry of Planning and Development Cooperation on Friday announced that it had put the development plan into effect which will continue until 2014 and that the next five years will see an "economic breakthrough".
Ali Baban
Ali Baban, Iraqi Minister of Planning, said the plan had economic and integrated development dimensions which seeks to end the unemployment issue in the country though focusing on the major sectors like oil, electricity, industry and agriculture.

"The plan will begin with revitalization of the economy of financial income to the Iraqis through the revitalization of the role of investment and vital institutions Iraqis need in the current period." Baban added.

The five-year plan will contribute to easing the economic reality as it focuses on the development of oil and electricity, industry and agriculture sectors that have been neglected in previous years due to lack of planning, according to the Minister.

Upon completion, the plan would lead to economic growth by up to about 9.4% through the creation of "many" jobs by 2014, Baban noted.

The Ministry of Planning said recently the plan aimed at providing more than 2700 projects, to the tune of US$186 billions funded by the federal budget devoted to it.

ry AKnews

[tryoty]

What logic do you use in concluding, "That's their intent......Confusion !!!"

If I or anyone else on this board, or any other board, posts something that caused everyone on that respective board to sell all their Dinar, the Dinar would trade at the exact same exchange rate as it did the day before. This isn't a thinly traded stock where negativity or hype might affect trading. My posting that I believe the currency will be LOP'ed before it can grow is based on Iraq's money supply compared to other nations. It's purely mathematical. I cannot benefit in any way via the LOP vs. RV argument. You paint me in a false light in that regard.

The exchange rate is 1,111 dinar to the dollar, and nothing I do, or ema-266 for that matter, will change that.

There are two philosophies here:

1.) Promote the fantasy because it makes me "feel good" and a lot of people member mark me,so I feel important.

2.) Promote reality so we can discuss the true merits of the Dinar as an investment.

I obviously fall in the latter camp.