Iraqi Central dispel fears the rise of the dollar’s value
Iraqi Central dispel fears the rise of the dollar’s value
08/02/2012 19:04
Baghdad, February 8 (Rn) – The Central Bank of Iraq on Wednesday that the rise of the value of hard currency to buy does not threaten the local value of the dinar.
The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) “No worries on the value of the dinar by the rise of the value of the dollar.”He said that the arrival of the purchase value of U.S. dollar to 1300 resulting from the reorganization of the banks.
Emerged in recent times the phenomenon of selling hard currency to Iranian businessmen at border crossing points because of a package of international sanctions on Iran following its nuclear program.
From: Jafar Allonan. Open: Murtaza Yousuf
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Iraq has More than $60 billion in Foreign Reserves
Iraq has More than $60 billion in Foreign Reserves
Posted on 07 February 2012.
Iraq now has over $60 million in foreign currency reserves as a result of the country’s oil sales, according to a report from Azzaman.Mudher Saleh, a consultant with Iraq’s Central Bank, said the reserves are the highest in the country’s history, and are more than enough to cover the total volume of national currency currently in circulation.
Saleh made the remarks following a surge in demand for the US dollar, fueled mainly by sanctions on neighboring Syria and Iran, saying the Central Bank was determined to meet demand for dollars.
The bank had no problems selling dollars in return for dinars, he added, and this has boosted confidence in the local currency. External trade with the dinar as the currency of choice was on the increase.
Trade flow between Iraq and Iran and Syria has skyrocketed recently, according to Azzaman, with Iraq supplying the demand for sanctioned goods.
https://www.iraq-businessnews.com/2012/02/07/iraq-has-more-than-60-billion-in-foreign-reserves/
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Rise in central bank sales of about $ 17 million at the opening
Rise in central bank sales of about $ 17 million at the opening of the meetings this week
Author: HM
Editor: BK | HAH
Monday 06 شباط 2012 13:09 GMT
Alsumaria News / Baghdad,
recorded sales of Central Bank of Iraq in the opening of its sessions for the current week, on Monday, a big increase by about $ 17 million to reach more than $ 21 million, compared to the day last Thursday, which is recorded, in which about four million dollars. saw today’s session a rise in sales Bank for up to 21 million and 871 thousand dollars have been covered by the bank at an exchange rate basis was 1166 dinars to the dollar, compared to the day last Thursday, reaching sales of four million and 321 thousand dollars. Read more…
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Director of the Association of private banks: conflicts of government decisions is an obstacle to the development of the work of banks
Director of the Association of private banks: conflicts of government decisions is an obstacle to the development of the work of banks
On: Tuesday 02/07/2012 11:50
Baghdad (news) .. criticized the director of the Association of private banks Abdul Aziz, the decision of the Ministry of Finance, which provides for the prevention of dealing with private banks, as it would hurt the economic process, as he put it.
said Hassoun (of the Agency news) said on Tuesday: The most important obstacles that stand in front of the work of banks Iraq is the inconsistency of decisions and instructions issued by the Central Bank and Ministry of Finance, through the issuance of a decision by the Ministry of Finance not to deal with private banks because they are not disciplined, while the Central Bank underlines the need to deal with it. Read more…
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implementation of the project to delete the zeros from the currency
Economic Analyst Ihdhirmn the emergence of the phenomenon of fraud and money laundering coinciding with the implementation of the project to delete the zeros from the currency
On: Tuesday 02/07/2012 14:15
Baghdad (news) .. warned economic analyst cute Abdel Salem Ugaili of the emergence of the phenomenon of fraud and money laundering coinciding with the implementation of the project to delete the three zeroes from the Iraqi currency. said Ugaili (of the Agency news) said on Tuesday: A lot of people in conflict with the law now awaiting execution project to delete the zeros of the three of the Iraqi currency in order to carry out forgery of the currency of the new Iraqi and processes to money laundering. Read more…
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Rise in central bank sales to $ 221 million
Rise in central bank sales to $ 221 million
06/02/2012 15:10
Baghdad, February 6 (Rn) – The Central Bank of Iraq that the sales of the dollar rose on Monday to $ 221 million versus $ 209 million in yesterday’s trading session. Deputy Governor of the Central Bank
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MPs and experts: Replace the counterfeit currency
MPs and experts: Replace the counterfeit currency Balsabh .. Phenomenon would hurt the country and crush the national currency
On: Sun 02/05/2012 12:08
Baghdad (news) / report / Faleh Hussein / .. Warned parliamentarians and economists of the increasing phenomenon of entry of counterfeit currency and replace it with hard currency for the benefit of which is under international sanctions
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CBI: we have three times the needs of the Iraqi market in hard currency
CBI: we have three times the needs of the Iraqi market in hard currency
05/02/2012 15:39
Baghdad, February 5 (Rn) – The Central Bank of Iraq, Sunday, what is available for hard currency has more than three times the needs of the Iraqi market, indicating that the Bank is exposed to “rumors” media are meant to destabilize the national economy. Read more…
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CBI denies stop selling hard currency
CBI denies stop selling hard currency
04/02/2012 17:32
Baghdad, February 4 (Rn) – Iraqi Central Bank denied Saturday to reports by some media-borne officials of local firms to banking it off the sale of hard currency as a measure to protect the Iraqi economy by what exposed region of the political crisis.Noting that it took a global action to determine the beneficiaries.saw the price of the dollar relative to local currency increased during the past few days which is attributed by officials of companies banking local to stop the central bank sales of foreign currency. Read more…
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