The Currency Newshound

Wed, 15/09/2011
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The appearance of Mohammed Qasim
Deputy Governor of the Central Bank of Iraq

In light of economic conditions and volatile financial pressure and monetary inflation that has befallen our country before, and led to negative effects on the regularity of the commercial market and the labor markets and production and living standards of citizens, it has generated distortions many structures, economic relations, among which was the Activity block cash many zeros of little value and way that is not commensurate with the future developments in the present and the future of the Iraqi economy, which requires a solution to these conditions and offal, and these solutions reform the management of currency cash through the structure and the deletion of zeros to control the flow and management of the cost of the cash block optimally.

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2011-09-15

Despite the global debt crisis, the Governor of SAMA holds the project hoped, but not locked at any date for launch.
Middle East Online
Jasser: Do not delay nor a specific date

Doha – The Muhammad Al Jasser, central bank governor of the Saudi Arabian Gulf states is determined to move ahead with the single currency project, despite the global debt crisis, without giving a date to begin issuing the currency.
Jasser told reporters after a meeting of the rulers of the Gulf central banks on Wednesday in Doha that “the doubts did not hear in the press, but it is not in place.”

Said Jasser, who administers the Monetary Council (GCC) “There has been no delay, from the beginning said that there will be a specific date to launch a unified currency.”

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MP for the Iraqi List, Ahmed electrodes that “the issue of oil and gas law and Article [140] of the Constitution and applied issues concerning the Iraqi issue and the components of Iraq as a whole.

Electrodes and said in a statement singled out by the agency, all of Iraq [where] on Wednesday that “any
agreement between the Government of the Centre or Government of the Territory should not be only with the consent of the House of Representatives.”

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Sept. 15 (Bloomberg) — William Ackman, founder of hedge fund Pershing Square Capital Management LP, said he’s placed a wager that would profit if Hong Kong allows its currency to appreciate against the dollar.

Ackman is buying Hong Kong dollar call options, which give investors the right to buy the currency at a set price by a specific date, because they are inexpensive, he said. The easiest way for the authorities to allow the currency to appreciate would be to change the peg to HK$6 versus per U.S. dollar, a 30 percent gain, and then link to the yuan over three to six years, he said.

Read more:

http://www.businessweek.com/news/2011-09-15/bill-ackman-bets-hong-kong-will-let-city-s-currency-appreciate.html

PHOENIX, September 14, 2011—President Obama’s announcement that only 3,000 troops will be left in Iraq by the end of the year heralds a serious and dangerous downgrade from the current 45,000 troops, spelling disaster for our soldiers. According to a FOXNEWS report, President Obama’s military commanders are livid over this recent decision – a decision that Defense Secretary, Leon Panetta, allegedly gave signature to.

President Obama may be trying to keep a 2008 campaign promise to remove our troops from Iraq however the problems is that regardless of what some misguided people may say, the war in Iraq is not over, there are current combat operations still occurring there. American troops are still being attacked and dying.

Read More:

http://communities.washingtontimes.com/neighborhood/conscience-conservative/2011/sep/14/decreasing-iraq-troops-places-american-soldiers-ri/