Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Iraq an economic Study
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:ReVbo™:MV8xNzI0NTM4XzM1Nzk0NjM0X0Q3N0Q1QjdC] Y'all want proof of an upcoming RV/float? You just got it, courtesy of none other than Abdul Bassit Turki himself, acting head of the Central Bank of Iraq. Here's a speech he gave at the banking conference earlier this month, followed by a translation that has been confirmed by OutOfTheWoods of Stryker's place and just a few minutes ago by Kaperoni's Arabic translator. http://dinaralert.webs.com/apps/forums/topics/show/8573870-turki-speaking-at-the-uab-baghdad-economic-banking-forum-conference-in-baghdad-video-?page=last The YouTube posting date of the referenced video for this information, is; January 21 2013 This is the Gov. of the Central Bank of Iraq; Dr Abdel Bassit Turki Saeed speaking January 12th 2013 at the Union of Arab banks conference in Baghdad. The governor explained current changes in banking law in Iraq and the monetary prevailing situation. http://www.youtube.com/watch?feature=player_embedded&v=Kl3lHb1IGZM#t=0s kaperoni: My Arabic translator reviewed this and said it was very good and accurate. OutOfTheWoods: My son in law, translated this speech, while I (OOTW) transcribed. The points listed below are the noteworthy and predominant comments from the video: 1) Mr. Turki stated that Iraq has major resources; which, of course, oil is a part of, but there are also other major sources of wealth within Iraq. 2) Mr. Turki stated these resources will effect the Iraq economy strongly. [b]3) Mr. Turki went on to state Iraq soon plans on applying this wealth to back the currency of Iraq, for the benefit of the Iraqi peoples. 4) Mr. Turki said steps will be taken to "restructure" the Iraqi currency, which will be based on the country's resources, and the wealth of the resources will be reflected and applied to the value of the currency.[/b] 5) Mr. Turki stated that the measures taken to properly asing or instill the correct value of the currency, must be taken slowly and carefully, and so they will be. 6) Mr. Turki also stated the Central Bank of Iraq is currently in the process of applying these steps to the restructuring of the currency. 7) In conclusion, Mr. Turki said that 10% of the restructured currency will be retained by the CBI and 5% of the restructured currency will be distributed to exchange houses. It should be noted that Mr. Turki remained vague as to whether these changes would be put in place on a global scale, nor did he state that these changes effect only the Iraqi economy. At no time during this speech, did Mr. Turki mention nor name the process "deletion of the zeroes", nor did he state within this speech, that Iraq is in the process of replacing the currency. In relationship to the Iraqi economy or currency, Mr. Turki continued to refer to the application of wealth to the currency, as "restructuring" of the value of the IQD. Notes: : I asked my son in law in detail about the translation of this; "Does this mean 5% is going to other banks for distribution?" and he said no, he said, "Mr. Turki expressly stated that the five percent was going to be distributed to exchange houses so people may exchange the currency for the restructured currency". I also asked him (my son in law) "Did Turki mention anything about deletion of the zeroes or printing new money?" He said no. [/quote]
Iraq is rapidly becoming a force in world economics due to its oil reserves. What do you think the effects will be on the world economic stage. sk
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Map Shows All of the Ways You Could Get Around Alaska in 1909
Local experts weigh in on what we can expect with the ‘Solar Flare’
U.S. skygazers could get rare glimpse of northern lights
Here are your potential "dreamers" Democrats.
Are we in the middle of a massive evolutionary change?
A bill that could speed the release of historical White House records quietly passed the Senate
Parents Upset Over Penis Shaped Gummy Bears
World Health Organization says Ebola will claim 20,000 lives in next six months
DirecTV and CVS Pushing Homosexuality in TV Commercials
Homeland Security has Lost Track of 6,000 Foreign Students
Energy Company Told Employees Toxic Coal Waste was Safe to Eat
Summarizing The President's Speech
NVASION USA Militia building up on U.S. border 'Our goal here is to try to deter them from coming'
When Karma Bites You In The Ass: Unlucky stoner butt-dials 911 before pot deal, is promptly arrested
NBC Host: Obama On The Verge ‘Of Doing Jimmy Carter-Like Damage’ To The Democratic Party
How did the #Ebola virus spread from a few cases to a full blown crisis? This map will show you.
The Militarization of Police in the US has Gotten So Bad, The Topic Has Made the Senate Floor
Did you know that GMOs contain pesticides that can kill nearly any living thing that consumes them?
The mystery virus EV-D68 is exploding across children who have received other vaccines
Are generic supermarket brand toothpastes highly toxic? Do they contain ingredients that can be highly dangerous?
Joan Rivers Bombshell! Murder- Air Supply Cut Off by 'Surprise Biopsy'
Man impersonated his dead twin to get $500K in welfare
NYC to deploy technology to monitor 15 square miles for gunfire.
Animal-to-Human Ebola risk bigger than thought
Welfare recipients can use debit cards to buy marijuana !!!!
We're dropping truth bombs like it's the end of days!
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.004s (3 queries)