Tuesday, July 23, 2013

Expectations the dollar collapse in Iraq

IF THE DOLLAR COLLAPSES IN IRAQ,WE GET THE RV IN OUR FAVORITE,ALOT OF TALK ,BUT NO CIGARS.

Expectations the dollar collapse in Iraq

07/23/2013
 
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On 2013-07-23 | Writer Eman Kassem | Hits 42 | Alalam

Expect a number of financial experts and economy with the collapse of the dollar is not at the global level because he is still master of the currencies in most countries but at the level of the exchange rate of the Iraqi dinar, we hope to return Iraqi dinar exchange rate versus $ 3.3 but this dream was difficult and elusive, impossible to achieve under global variables but achievable to get to equal one dollar rate for the dinar.

There are expectations for the possible return of Iraqi dinar force hope to achieve this dream and how we interpret the exchange rate so alarming in the country of its wealth, these expectations were built on expert perceptions of the Iraq exit and a summary of the provisions of Chapter VII are doomed to achieve reform and economic stability and to achieve all of the goals, in particular the return of the Iraqi dinar to the real strength of this vision and perceptions should be accompanied by better performance and selfless and efficient departments.

The stability of exchange rates is one of the most important means to achieve economic stability, the Central Bank and the banks responsibility for achieving the goal of price stability and the return of the real value of the Iraqi dinar to the dollar collapses reality in front of our national currency.
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2.

Parliamentary Committee: rising demand on the Iraqi dinar

07/23/2013

Baghdad (Iraq)-Hala Khalid Regionwide forecast continued low US dollar to Iraqi dinar to less the (1200) for the next few days, the price of gold to 215 for enriching a few days after falling to 225,000 of the weight. And correspondent «future» «banking offices buy and sell hard currency and US dollars yesterday witnessed a slight decrease on the buying and selling rates of foreign currency to the US dollar by a reduction of $ 100, bringing the price for sale US $ 100 to 120 thousand dinars, while the purchase price to 119 dinars in most areas of Baghdad and the capital's civil banks».

But he said Economic Committee member MP Khalil mehma low US dollar in the market due to the growing demand for Iraqi dinar after the lifting of Iraq from Chapter VII and international sanctions. Khalil said «the future» «we called as Economic Committee the Central Bank pumped large amounts of u.s. dollars to control the price of buying and selling the dollar now and a bit of stability in exchange rates, as well as activating the role of the Inspectorate of Commerce to control market prices, especially during the days of Ramadan». Khalil asked to speed up the restructuring of the Iraqi currency dinar and foreign currencies to maintain the dinar prices against other currencies, indicating that the period ahead will be to maintain the exchange rate of the US dollar, a slight variation on the buy and sell prices. In turn, economic analyst Mohammed Al-Anbuge attributed the continuing decline of the US dollar exchange rate for the Iraqi dinar to the wrong policies pursued by the Government and the Central Bank's lack of control over the exchange rates of hard currencies.

He said Al-Anbuge to «future» the instability of the exchange rate of the US dollar would cause economic disaster to the Iraqi market for the next few days if the low exchange rates of the dollar and foreign currency. The price fell the weight of gold and jewellery and gold jewellery market in the capital Baghdad on Tuesday, bringing the price of the weight in the sale to 215 thousand dinar amid significant turnout of citizens to buy quantities of gold investors a lower price. Several shopkeepers in Baghdad gold jewelry for «future» buying and selling prices of gold across metropolitan areas declined significantly without knowing the real reasons behind the decline in the gold price. Shop owners predicted continuing low prices for buying and selling gold for the next few weeks to a few levels too low in the Centre of buying and selling currency prices. He was an economist has assured «future» last week that low gold prices in Iraq returns to ask some global gold-producing States of the World Gold market for sale and speculation which affected all the gold in the world.

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3.

The IMF recommends accelerating reform the skeleton in Iraq

07/23/2013

Baghdad/follow the Obelisk: I recommend a report issued by the International Monetary Fund Iraq the pace of structural reform to boost growth and job creation in the private sector, and the need to continue the rational management of the foreign reserves of the Central Bank of Iraq and the Development Fund for Iraq.

The report recommended that the resident representative of the International Monetary Fund for Iraq Qazi shubaikat at a press conference held at the headquarters of the Iraqi Business Council in Oman to "accelerate the pace of structural reform to boost growth and job creation in the private sector and intensify action to free foreign exchange market and a stable exchange rate and simplifying the instructions of foreign currency".

He stressed "the need to ensure the continuity of fiscal and financial preventive margins to meet fluctuations in oil revenues", stressing "the need to continue the rational management of the foreign reserves of the Central Bank of Iraq and the Development Fund for Iraq and the deepening of the reform of the financial sector and establishing equal treatment for private banks."

The report advised Iraq to create a system to combat money laundering and the fight against terrorism and to be prudent management of Iraqi Central Bank reserves of foreign currency and the Development Fund for Iraq ", calling for" a law on hydrocarbons sector and investment in the electricity production and the abolition of fuel subsidies granted to producers and the restructure of State-owned enterprises and governance reform and capitalization of the institutions could be repaired and the closure of non-viable ".

The report stressed "the need to improve the business environment and the agricultural sector through the public distribution system reform which contributed to declining domestic production and review mechanisms of support provided by the Iraqi Government to its citizens," he said, adding that "the cost of support fuel up to 10 billion dollars."

The resident representative said that "the main risks facing Iraq is the poor implementation of political reforms and drop the level of the political and security situation and the delays in increasing the volume of oil production and falling oil prices globally," pointing out that "Iraq has a private sector capable of production and directing investment to sectors other than the it herewith particularly electricity and agriculture where Iraq has a significant competitive advantage", stressing that "Iraq needs years of work to rebuild his fortune.

"Despite the difficult political and security circumstances in Iraq but the economic developments were generally positive as economic growth accelerated 8.4 percent last year and is expected to reach 9% this year.

"The macroeconomic Outlook in the medium term will continue to be driven by developments in the oil sector, where production is expected to increase Iraq oil gradually by about 500,000 barrels per day (BPD) in the year to 5.7 million barrels per day by 2018 compared with 3.3 million barrels.

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IMF - August 2012 Reminder Article: The IMF announced on his agreement with Iraq through which their loan extended for seven months until February 23, 2013 for the Iraqi Government to implement a range of actions in the exchange-rate regime in the country.

4..Baghdad (Iraq)-Hala Khalid Regionwide forecast continued low US dollar to Iraqi dinar to less the (1200) for the next few days, the price of gold to 215 for enriching a few days after falling to 225,000 of the weight. And correspondent «future» «banking offices buy and sell hard currency and US dollars yesterday witnessed a slight decrease on the buying and selling rates of foreign currency to the US dollar by a reduction of $ 100, bringing the price for sale US $ 100 to 120 thousand dinars, while the purchase price to 119 dinars in most areas of Baghdad and the capital's civil banks».

But he said Economic Committee member MP Khalil mehma low US dollar in the market due to the growing demand for Iraqi dinar after the lifting of Iraq from Chapter VII and international sanctions. Khalil said «the future» «we called as Economic Committee the Central Bank pumped large amounts of u.s. dollars to control the price of buying and selling the dollar now and a bit of stability in exchange rates, as well as activating the role of the Inspectorate of Commerce to control market prices, especially during the days of Ramadan». Khalil asked to
speed up the restructuring of the Iraqi currency dinar and foreign currencies to maintain the dinar prices against other currencies, indicating that the period ahead will be to maintain the exchange rate of the US dollar, a slight variation on the buy and sell prices. In turn, economic analyst Mohammed Al-Anbuge attributed the continuing decline of the US dollar exchange rate for the Iraqi dinar to the wrong policies pursued by the Government and the Central Bank's lack of control over the exchange rates of hard currencies.

He said Al-Anbuge
to «future» the instability of the exchange rate of the US dollar would cause economic disaster to the Iraqi market for the next few days if the low exchange rates of the dollar and foreign currency. The price fell the weight of gold and jewellery and gold jewellery market in the capital Baghdad on Tuesday, bringing the price of the weight in the sale to 215 thousand dinar amid significant turnout of citizens to buy quantities of gold investors a lower price. Several shopkeepers in Baghdad gold jewelry for «future» buying and selling prices of gold across metropolitan areas declined significantly without knowing the real reasons behind the decline in the gold price. Shop owners predicted continuing low prices for buying and selling gold for the next few weeks to a few levels too low in the Centre of buying and selling currency prices. He was an economist has assured «future» last week that low gold prices in Iraq returns to ask some global gold-producing States of the World Gold market for sale and speculation which affected all the gold in the world.

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Posted: 23 Jul 2013 07:10 AM PDT
Al Qaeda in Iraq (AQI) has engineered a massive jailbreak from the infamous Abu Ghraib prison, according to reports from the country. Reuters quotes a senior member of the Iraqi Parliament as saying that at least 500 convicts have escaped, possibly as many as 1,000. “Most of them were convicted senior members of al Qaeda and had received death sentences,” Hakim Al-Zamili said. This would be troubling under any circumstances, but the present situation in the Middle East lends to Monday’s escape being a situation with possible repercussions for the entire region. Here’s a few reasons why:

The attack was well-planned and well-executed.


According to the reports coming out of Iraq, this was no piecemeal attempt from AQI to free a few of their compatriots. Instead, it was a full-fledged assault on Abu Ghraib. “Suicide bombers drove cars with explosives into the gates of the prison on the outskirts of Baghdad on Sunday night, while gunmen attacked guards with mortar fire as well as rocket propelled grenades,” Russia Today reports, adding that additional assailants wearing suicide vests entered the prison to help convicts make their escape. At least 14 Iraqi security forces died in the attack, which only ended when military helicopters arrived to provide back-up. A simultaneous attack, a hallmark of Al Qaeda strategy, took place at a prison 12 miles north of Baghdad; reports are conflicting as to whether any of those inmates were able to escape.

Violence in Iraq was already high.

2013 has not been a good year for Iraq, as sectarian violence has grown over the past few months. Just two days ago, six car bombs detonated in Baghdad, killing at least 46 people and wounding 152 more. AQI has been implicated in the bombings, due to the coordinated nature of the explosions. More than 2,700 people have been killed so far in Iraq so far this year, according to AFP figures, mostly in similar car bombs across the country. The freeing of a large number of mostly Sunni fighters — the minority sect in Iraq, which is mostly Shiite — into the streets of Baghdad only increases the chances of greater sectarian strife.

Syria’s civil war is just over the border.

The sudden influx of a large number of trained fighters and convicted terrorists into Iraq would be a problem even if there wasn’t a civil war next door. Given the ongoing conflict in Syria, however, this could mark a radical shift in how the war proceeds. While talks of a merger between the two have gone back and forth, AQI and Syrian rebel group Jahbat al-Nusra have been cooperating for months, to the point that the State Department has listed Nusra as a subsidiary of the terrorist group. Aaron Zelin, Richard Borow Fellow at the Washington Institute for Middle East Policy, told ThinkProgress that it will be interesting to see if those who escaped do go to Syria, whether they will bring with them some of their more radical tactics. At present, according to Zelin, there are jihadi groups who provide social services to civilians and perform other acts that could see themselves undermined by an influx of “hardened fighters” captured during the U.S. “surge” in Iraq.

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1 comment:

Anonymous said...

"... a full-fledged attack..." Hmmm could it be the PTB creating more chaos to prove Iraq unstable whence the IMF could negate the IQD RV? At this point in the "game" everything is questionable. Kinda thinking nothing short of a MIRACLE is going to release this RV / GCR!