IRAQI DINAR EXPERTS OPINIONS 17-12-2013
Source: Experts Opinion
17-12-2013 Dinar Deals Expert: How can Iraq use a currency that is not recognized outside the geographical boundaries of the country?
17-12-2013 Iraqi Dinar Expert IDI Basil: This will not be a pattern for revaluation of dinar that the currency will not recognize outside the boundaries of the country. Iraq is working on the plan the value of dinar will be recognized not only in the boundaries of the country but also outside the geographical boundaries of the country. The strategy of the central bank of Iraq and the national finance committee is so clear about the revaluation of dinar.
17-12-2013 Iraqi Dinar DG Guru: In this case what will be the rate of Iraqi dinar means exchanging rate of Iraqi dinar?
17-12-2013 IDD Expert Terrence: You should not expect the dramatic exchange rate for Iraqi dinar as some of the business forums are talking about. In the morning one of my friends was taking about $30 exchange rate after the five years. These are all false predictions and they have no concern with the reality. A rational rate will be finalized by the central bank of Iraq and the government of Iraq. You can expect this rate between 1.116 to 1.114 dinars for a dollar.
17-12-2013 Iraqi Dinar Expert TD Edward: According to some of the people, three letter agency has given the task for revaluation is that so?
17-12-2013 Iraqi Dinar Expert T123 Justin Steave: We cannot verify the news of three letter agency on this kind of open business forums. Three letter agencies keep the things so secrete and more important is that the three letter agency has not been provided with any kind of task related to the revaluation of the Iraqi dinar. There are two British companies who have given charge for printing the new Iraq dinar for Iraq.
17-12-2013 Iraqi Dinar DG Guru: Why US banks are buying Iraqi dinars from the common people in these days?
17-12-2013 Iraqi Dinar Expert IDI Basil: Some of the banking forums are revealing this information that US banks are buying Iraqi dinars from its local and global holders and it is a clear thing that revaluation is going to happen in a few days. One of the dinar gurus told that US banks are enhancing their foreign currency reserves and they are collecting Iraqi dinar for their future investment purposes.
17-12-2013 IDD Expert Terrence: What was the end result of confusion between central bank of Iraq and the finance committee of Iraq?
17-12-2013 Iraqi Dinar Expert TD Edward: The confusion between the central bank of Iraq and the finance committee of Iraq resulted in the positive manner. The central bank of Iraq and the finance committee both are agreed upon a point that the central bank of Iraq will issue the new notes of Iraqi dinar and revaluation ill also occur in 2014. Revaluation of dinar will happen periodically and not in the single attempt.
17-12-2013 Iraqi Dinar Expert T123 Justin Steave: What can be new features of the new Iraqi dinar?
17-12-2013 Dinar Deals Expert: The new Iraqi dinars will be introduced in the March 2014 with outstanding new features. After a numbers of years, the Kurdish and Arabic language will be used for printing these notes. It is the positive development on the part of Iraqi government to include Kurdish language in the printing new Iraqi dinars as it will help to reduce tension between Baghdad and Kurdistan regional government.
17-12-2013 IDD Expert Terrence: What is the recent update of 800 million dollars money laundering case?
17-12-2013 Iraqi Dinar DG Guru: This money laundering case has become the headlines of Iraq print and electronic media. There is no doubt that it is one of the biggest money laundering case in the banking history of Iraq and it requires a serious investigation. The government finance committee was willing to investigate this issue but the central bank of Iraq himself is investigating about this fact.
17-12-2013 Iraqi Dinar Expert TD Edward: Is there any development on the other money laundering cases in Iraq other than this one?
17-12-2013 Iraqi Dinar DG Guru: The central bank of Iraq is under pressure due to high level money laundering case in Iraq and the government of Iraq is also worried about this issue as they have to regain the value of currency back in the market. Most of the economists are emphasizing on the auction system of Iraq. Some of the economists are so angry with the auction system because it is the source of money laundering according to them.
17-12-2013 Dinar Deals Expert: How the auction system is the source of money laundering in Iraq?
17-12-2013 Iraqi Dinar Expert T123 Justin Steave: Everything in the world has some good and bad characteristics and we must not stick on the weaknesses of a system. We need to improve it to stop the things going on. The central bank of Iraq allows different companies to buy dollars to meet their daily transaction needs. Some of these companies are reselling these dollars to money exchanges and they sell them in the Iran and Syria illegally.
17-12-2013 Iraqi Dinar Expert IDI Basil: How much amount is being transferred through this method to the other countries of the world?
17-12-2013 Iraqi Dinar Expert T123 Justin Steave: According to the recent figures issued by the central bank of Iraq, more than 138 million dollars are being transferred to the other countries of the world illegally through this auction system and through some other illegal methods. The central bank of Iraq is trying to make auction system more effective than before to control such money laundering from Iraq.