DinarBronx
02-02-2009, 12:41 AM
Alguien lo puede traducir? Es del otro foro.
Hot off the press
Special Inspector General
for Iraq Reconstruction
Quarterly Report and
Semiannual Report to the
United States Congress
January 30, 2009
FROM THE ECONOMY SECTION PG. 89
CBI has decided to gradually appreciate
the rate of dinar exchange as a means of encouraging
price stability within Iraq.348 Between
November 2006 and October 2008, the dinar
appreciated by more than 20%.349
A lower inflation rate and an appreciating
dinarhave increased Iraq’s buying power, thereby
improving access to basic needs. For the status
of Iraq’s key rates, see the graphic factsheet that
�������������������������������������������� ������ ����
Since October 2008, no progress has been
made toward rebasing the value of the Iraqi
dinar against the U.S. dollar.Treasury continues
to recommend measures to improve the rates of
exchange. Further, it recommends that the GOI
reissue banknotes in denominations that are
more convenient and less costly to produce.350
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Since low inflation and appreciating currency INCREASE buying power for the populace, then rebasing the value of the IQD against the USD would not be done in a manner that would reverse this progress. Since TREASURY IS MAKING RECOMMENDATIONS TO IMPROVE THE RATES of exchange, and issuance of smaller denominations, it becomes quite clear why the selection of Paulson, Geithner, and the new head of the Federal Reserve Bank of New York are KEY DOTS.
Hot off the press
Special Inspector General
for Iraq Reconstruction
Quarterly Report and
Semiannual Report to the
United States Congress
January 30, 2009
FROM THE ECONOMY SECTION PG. 89
CBI has decided to gradually appreciate
the rate of dinar exchange as a means of encouraging
price stability within Iraq.348 Between
November 2006 and October 2008, the dinar
appreciated by more than 20%.349
A lower inflation rate and an appreciating
dinarhave increased Iraq’s buying power, thereby
improving access to basic needs. For the status
of Iraq’s key rates, see the graphic factsheet that
�������������������������������������������� ������ ����
Since October 2008, no progress has been
made toward rebasing the value of the Iraqi
dinar against the U.S. dollar.Treasury continues
to recommend measures to improve the rates of
exchange. Further, it recommends that the GOI
reissue banknotes in denominations that are
more convenient and less costly to produce.350
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Since low inflation and appreciating currency INCREASE buying power for the populace, then rebasing the value of the IQD against the USD would not be done in a manner that would reverse this progress. Since TREASURY IS MAKING RECOMMENDATIONS TO IMPROVE THE RATES of exchange, and issuance of smaller denominations, it becomes quite clear why the selection of Paulson, Geithner, and the new head of the Federal Reserve Bank of New York are KEY DOTS.