Hat tip to Seaview over at IIF.
Someone please tell me how the article was translated by google to include a famous Disney character, though! Article:
Sign adviser CBI Mzarmohamd for Iraq to become of the oil-producing countries developed during the next two years if entering Iraq through the gate of the oil investment.
وأكد صالح أن الاستثمار سينعكس على تطور الواقع الاقتصادي في البلاد نتيجة تنوع موارده، وهو ما سيؤدي إلى ارتفاع قيمة الدينار العراقي: The benefit of that investment will be reflected on the evolution of the economic reality in the country by the diversity of its resources, which would lead to a rise in the value of the Iraqi Dinar:
وأشار صالح في حديث لـ”راديو سوا” إلى أن العراق يحتفظ بمعدلات عالية من العملة الأجنبية تغطي السيولة المحلية ما يدفع إلى استقرار الدينار العراقي في تداولات سوق العملات وبالتالي يحفظ الاستقرار الاقتصادي: Salih noted in an interview with “Radio Sawa” that Iraq retains high rates of foreign currency cover domestic liquidity is paid to the stability of the Iraqi dinar in trading the currency market and thus preserve economic stability:
فيما أوضح الخبير الاقتصادي أسعد العاقولي أن سعي عدد من الدول الأوربية للاستثمار في العراق سيرفع من موارد البلاد وسيدعم قيمة الدينار في المستقبل، ما يؤهل العراق للدخول في الاستثمارات الخاصة في مجال الغاز: The economic expert explained that the happiest bugsbunny attempt by a number of European countries to invest in Iraq will raise the country’s resources and will support the value of the dinar in the future, as Iraq prepares to enter into private investments in gas:
وكان صندوق النقد الدولي قرر منح العراق 1.8 مليار دولار لدعم السيولة النقدية واحتياطيات البنك المركزي العراقي، فضلا عن إنعاش المشاريع التنموية. The International Monetary Fund decided to give Iraq $ 1.8 billion to boost liquidity and cash reserves of the Central Bank of Iraq, as well as for the recovery of development projects.
It sure would be handy to know how to read arabic… If someone could comment on this article with firsthand knowledge of the translation, it would be appreciated!
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5 responses to "Good articles on Central Bank expecting to raise the value of the Iraqi Dinar"
I can’t read Arabic but I can read a lot of signs that tell me…I hope…that a reevaluaton is upon us.
Something has to happen there soon. They need to get the currency
flowing there as soon as they can. That is imperative since the locals
can’t afford to buy the imported goods that Iraq almost totally depends
upon. The standard of living and the quality of life are most important
to that country now. Getting money flowing would be the salve upon
the wounds of war.
Why would the military switch to the electronic card system that is
based on the Iraqi economy and and their dinar? To keep the U.S. dollar
out of the blackmarket I am told. This was done in other wars in the form
of “script” I believe, rather than the local money. Not here. They are pumping
money into the local economy while they accomplish the security of the USD.
The electronic cards are being issued to the civilian population at this time
if what I read is true. That and the printing of lots of small denomination
bills and producing more coins seems to say something, too.
Iraq is the poster child for democracy in the Middle East. The US
and other nations are doing all they can to make it happen in Iraq.. It is
obvious that until the HUGELY under valued IQD is given a respectable
value, nothing can happen. I would think this would be a priority right now,
wouldn’t you?
I think about how much would each dinar would have to be worth to make
things start happening for the Iraqi working class…the huge popluation that must
be focused upon…the little people. I hardly think a dime would do it, but maybe
I am missing something. My gut tells me that fifty cents US might make a huge
difference. Don’t ask me why I think this way….probably just the emulsion of
all I have been reading . Do you have a take on this?
Let me know what is shaking and you feel about my ramblings.
God bless and drive on,
TO: rapidrex: I entirley agree. The RV of the dinar will greatly uplift the economy and help unite the country. Do it now!
IF ONLY OLDER FOLKS WOULD GIVE INTO REASON. THE OLD FASHION WAY OF COMING TO AMICABLE CONCLUSION OF WAR, IS DAMAGING THE FUTURE OF THE YOUNG ONES COMING UP. STABILITY HAS TO BE INPLACE BEFORE ANY REAPING OF ALL GOOD RESOURCES IRAQ HAS TO OFFER.THANKS AND GOD BLESS
I dont read arabic, but I can tell you that bugs bunny is not a disney character…he is a product of warner bros.
cajun dago: thank you sir, I stand corrected.
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