Posted Today, 02:01 PM
Sunday, December 11, 2011
Message from Phoenix
My take on this is that the revaluation of the Iraqi Dinar can happen anytime from this moment forward (NOW) and the decision they have made to do this will not change (irreversable).
It also states the value of the Iraqi Dinar will be equal to one US Dollar or 1 IQD = $1.00
They rate this rate will remain at this level for a 2 year period (bienium) and will be held at the 1 to 1 rate by the auctions.
I have always thought the starting rate would be 1 IQD to 1 USD to avoid confusion in the market place.
As i have been saying.
Looks like we are about to see the removal of the artificial program rate and the revaluation of the Iraqi Dinar to a rate of 1 IQD = $1.00
Things are looking good.
Posted by kel at 12/11/2011 11:46:00 AM Labels: Letter From Phoenix
*Iraqi Dinar = U.S Dollar ~ Deputy in the Finance Committee is expected to equal the Iraqi Dinar against the U.S. Dollar during the next biennium
Snip ~ "and issued its decision, irreversible and started his first steps will be implemented during the next biennium from NOW.
December 11, 2011
Deputy in the Finance Committee is expected to equal the Iraqi dinar against the U.S. dollar during the next biennium
Baghdad (news) was likely a member of the Finance Committee and the representative / National Alliance / Haitham Jubouri Sarraldenaralaraca equal to the U.S. dollar during the next biennium after the implementation of the project to delete three zeros from the Iraqi currency.
Jubouri said In a statement to the Agency (news) said on Sunday: that the approach that the Central Bank of Iraq's retention rate Dinaromam dollar during the current period, it Maharidl that monetary policy in Iraq is able to make the Iraqi dinar is equal to the U.S. dollar "any Dinaraluahd matched by one dollar.
The to: that this retention was by selling huge amounts of dollars at auction, and inject some of the other of them to Iraqi banks to control the price of the Iraqi dinar against the dollar.
Continues ...read more ..
Read more »
Posted by kel at 12/11/2011 11:22:00 AM Labels: "Iraqi Currency Iraqi Dinar" - "Remove Zeros"
Read more: [link to dinarvets.com