Posts Tagged ‘Dollar’

Expert criticizes the lack of coordination between fiscal and monetary policies

Expert criticizes the lack of coordination between fiscal and monetary policies

24/06/2012 0:00

Said that it is the most prominent Marqlat determine the exchange rate
of Baghdad – Al Sabah
said an economist said the central bank’s demands in cooperation with the government, larger for the highest possible coordination between fiscal and monetary policies, pointing out that this principle was enshrined in the Bank Act No. 66 of 2004, as well as law financial management, public debt, No. 95 of the same year. explained Karim Hammoud Faraj Speaking (morning) that the crisis experienced by the exchange rate of the Iraqi dinar against the dollar due to several reasons, Read more…

Delete the zeros from the currency is important and will lead to counterproductive in the Iraqi market

Member of the Economic Committee: Delete the zeros from the currency is important and will lead to counterproductive
On: Tuesday 06/19/2012 20:25

Baghdad (news) .. The member of the Economic Commission MP / National Alliance / Salman al-Moussawi, the process of deleting the zeros and replacing the national currency, the process is not important, pointing out that the deletion of zeros from the national currency to be the beginning (2013) would be counterproductive in the Iraqi market.
Moussawi said (of the Agency news news) on Tuesday: The deletion of zeros in the atmosphere is stable Iraqi dinar exchange rate process do not matter either occurred in the current year or next year, indicating the following: Read more…

Central sells $ 192 million at auction Tuesday

Central sells $ 192 million at auction Tuesday
19/06/2012 16:19

Sales from the Iraqi Central Bank Bmzadeh for the sale and purchase of foreign currencies in its session today Iilathaempelg 192 million Dolarbsar exchange rate based on 1166 Iraqi dinars for every dollar.

She auction sales bulletin issued today by the Central Bank received a “gate Iraq,” a copy of that total volume of demand on the dollar of 192 million and 745 thousand dollars, covered by the central bank at an exchange rate basis was 1166 Iraqi dinars to the dollar. ”

Sales were distributed today to demand the amount of cash Hmsh million and 300 thousand dollars, “while sales orders,” the amount of 187 445 000 dollars at the exchange rate was 1179 Iraqi dinars per dollar, including the commission of the Central Bank amounting to 13 dinars per dollar.

Bulletin indicated Read more…

Can not say for sure that the central bank has succeeded in reducing the value of the dollar

The multiplicity of outlets selling the dollar to achieve economic gains for the country

19/06/2012 0:00

After that contributed to lower prices and declining rates of inflation
Baghdad – Haider Filaih spring
can not say for sure that the central bank has succeeded in reducing the value of the dollar, which reached record levels in recent months, but he (Central) end and to a large degree of persistence of high dollar against the Iraqi dinar, and succeeded to impose a monetary policy aimed at reducing the high rate of inflation, which could be receiving due to Read more…

Banks should be required to set the controls for the sale of hard currency to prevent a repeat of smuggled abroad

Haji MP: Banks should be required to set the controls for the sale of hard currency to prevent a repeat of smuggled abroad
On: Tuesday 06/19/2012 10:12

Baghdad (news) .. The member of the Finance Committee MP / mass change / Church Mustafa Haji, to force the banks controls set for the sale of hard currency to prevent a repeat of smuggled abroad.
said Haji (the Agency news) said on Tuesday: The conduct of the Central Bank of the last to open multiple ports for the sale of hard currency in all of Iraqi banks, will help stabilize the Iraqi dinar against the dollar, but it must be punctuated by certain controls require banks to prevent the occurrence of a currency smuggling abroad. He pointed to: Read more…

Abdul Hussein al-Yasiri: high exchange rate of the Iraqi dinar by the presence of Central Bank reserves

Abdul Hussein al-Yasiri: high exchange rate of the Iraqi dinar by the presence of Central Bank reserves
Date: Thursday, 14/06/2012 11:52

Baghdad (news) .. Ills member of the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri, the high exchange rate of the Iraqi dinar against the U.S. dollar to the presence of central bank reserves.
Yasiri said (of the Agency news) on Thursday: The improvement of the power of the Iraqi economy and central bank reserves and the existence of the private sector private banks contributed to raise the exchange rate Iraqi dinar and the presence of the balance of payments positive, which shows some of the exports of foreign goods more than its imports all of these factors lead to higher exchange rate of the Iraqi dinar against the U.S. dollar. He Yasiri to: Read more…

Deputy: compel traders to deal with solid banks to prevent money laundering

Deputy: compel traders to deal with solid banks to prevent money laundering
On: Wednesday 13/06/2012 10:53

Baghdad (news) .. The Deputy Chairman of the Finance Committee MP / Kurdish coalition blocs / Ahmed Hassan Faizullah, to compel the Iraqi trader to dealing with international banks sober in transfers of overseas funds set aside the national economy, money laundering and the smuggling of currency.
said Faizullah (of the Agency news) on Wednesday : The money laundering and the smuggling of foreign currency that have appeared recently came through a deal Iraqi traders with banks is internationally known and sober what led to transfer large sums of money abroad without the receipt of goods. He added that the only solution to maintain the value of Iraqi dinar against the dollar is Read more…

Allow for (40) waged a bank to sell the dollar right decision will save the value of the Iraqi dinar

Member of Finance Committee: Allow for (40) waged a bank to sell the dollar right decision will save the value of the Iraqi dinar
On: Wednesday 13/06/2012 12:11

Baghdad (news) .. Praised the Finance Committee MP / National Alliance / Haitham Ramadan Jubouri, the decision granting (40) Musrvat civil strife leave to sell the dollar, calling it a good decision will reduce the price of the dollar against the Iraqi dinar and facilitate the sale.
Jubouri said (of the Agency news) said on Wednesday: The decision of the Parliamentary Committee granting (40) banks, civil strife leave to sell the dollar will increase the dollar amounts involved, which leads to lower its price in front of the Iraqi dinar, noting that the multiplicity of private banks would stimulate the private sector. He added Read more…

Central Bank of Iraq open weekend its sale of $ 89 million in auction

Central Bank of Iraq open weekend its sale of $ 89 million in auction

Sales of the Iraqi Central Bank Bmzadeh for the sale and purchase of foreign currencies, on Wednesday, to record the amount of $ 89 million, compared to 154 million the previous session, the exchange rate based on 1166 Iraqi dinars for every dollar.
The bulletin issued by the Central Bank that the total volume of demand for the dollar stood at 89 million and 798 thousand dollars, covered by the central bank at an exchange rate basis was 1166 Iraqi dinars to the dollar. “The Central sales reached 154 million and 840 thousand dollars in the previous session. This comes after fall sharp dollar sales in the Central Bank on the fourth of April, after his decision to Read more…

The Central Bank announced new steps that will raise the value of Iraqi dinar

Parliament calls for the central bank not to limit bank loans and one

09/06/2012

BAGHDAD / JD / .. Knesset Finance Committee requested the CBI not to Hsrmzad hard currency in one bank, as well as bank loans in order to avoid cases for administrative and financial corruption. A member of the Committee and MP for the rule of law, Secretary Hadi’s / JD / “The bank loans that are working on the Rasheed Bank should not be limited to the only, to avoid the occurrence of any corruption. Said Hadi:” I addressed the Bank Governor Sinan Cpie not limited to an auction sale of foreign currency in one bank so there is no monopoly on economic and not to open the door of bribery and corruption, financial and administrative front sale “.. The Central Bank announced new steps that will raise the value of Iraqi dinar against the dollar. Read more…

Iraq is trying to once again support the Iraqi dinar and the dollar to stop the flow of outside

Iraq is trying to once again support the Iraqi dinar and the dollar to stop the flow of outside

07/06/2012 10:21 AM

Babinaoz (Reuters) – say traders and officials said the Iraqi Central Bank, who is struggling to stem the illicit flow of dollars to Iran and Syria, has achieved some success in supporting the stability of its currency the Iraqi dinar by the flow of dollars to the Iraqis through banks run by the state. 
facing the bank for months, difficulty in dealing with the increase demand for the dollar in daily Mzhadath with Iqbal traders to buy the U.S. currency to sell in neighboring Syria and Iran, where galvanized the international sanctions imposed on them the demand for hard currency. 
Iraq and is recovering from decades of war and sanctions is still a centrally Read more…

Deputy: open multiple outlets to sell the dollar is good, and does not affect the cash reserve

Deputy: open multiple outlets to sell the dollar is good, and does not affect the cash reserve

Date: Thursday, 07/06/2012 10:46

Baghdad (news) .. Praised the House of Representatives MP / National Alliance / Abdul Hadi al-Hassani, a Central Bank to open more than one port for the sale of hard currency, ruling out the impact on the rate of monetary reserves located increases with increasing export capacity of oil. 
said Hassani (for the Agency news) on Thursday: The Central Bank pursued a policy of keeping the value of Iraqi dinar through its control of the pumping quantities of hard currency according to the needs the local market after opening more than one port to sell the dollar, either through auction or Iraqi banks. He pointed out: Read more…

Citizens: Rafidain Bank refused to receive Basmajh Introduction Apartments in Iraqi Dinars

Citizens: Rafidain Bank refused to receive Basmajh Introduction Apartments in Iraqi Dinars

04/06/2012 8:03

Baghdad, “Iraq’s gate,” Mohammed Sharif

A number of citizens that some branches of banks, government banks, as elected by the National Investment Commission, refused to receive the premium amount in Iraqi dinars, Bde did not report it at the exchange rate under which Tjoal amount set by the Commission.

He said citizens “of the gate of Iraq” on Monday that some branches of the Rafidain Bank, specifically including a branch of the eastern door, refused to receive the payment amount in Iraqi dinars, and demanded some of which specify the exchange rate according to the price traded in the commercial market and not, as defined by the National Investment Commission. Read more…

Central Bank: sovereign bonds of Iraq the most expensive in the world

Central Bank: sovereign bonds of Iraq the most expensive in the world

Monday June 4, 2012

Central Bank of Iraq said that “international sovereign Iraqi bonds issued under the Paris Club granted a higher interest rate / not specified / purchased at prices which makes it expensive compared to the rest of the sovereign bonds rose for the rest of the countries that confer benefits by about 2%.”

The deputy governor of Bank of the appearance of Mohammed, “The current account surplus in the balance of payments amounted to about Iraqi 10% ratio to GDP (national income).” Stressing that “this will enable the Iraqi dinar rate of improvement because of the trend towards the adoption of central bank monetary policies successful.” He said.

He noted that “the Iraqi dinar on the way to improvement through the return Read more…

A tribute to the central measures for the conservation value of the dinar

A tribute to the central measures for the conservation value of the dinar

04/06/2012 2:22 

Member of Finance Committee: open letters of credit best way to save the value of the Iraqi dinar

Member of Finance Committee: open letters of credit best way to save the value of the Iraqi dinar

On: Sun 06/03/2012 11:15

Baghdad (news) .. Praised the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri, in a way to open letters of credit instead of foreign exchange of currencies used by the central bank to maintain the value of the Iraqi dinar against the dollar. 
Yasiri said (of the Agency news) said on Sunday: The Central Bank started to step in. good steps to restore the value of Iraqi dinar and to maintain its price in front of hard currency through the grant authority to sell hard currency for a number of commercial banks in addition to that action will be taken to open letters of credit instead of Read more…

Central Bank: Iraq gets more foreign currency than sell

Thursday 31 May 2012

BAGHDAD – and babysit –The Central Bank of Iraq, “that Iraq gets more foreign currency than sell them,” adding that “the Iraqi dinar is going to improve.” The deputy governor of Bank of the appearance of Mohammed in a press statement that “the central bank gets more foreign currency than sell as the cash reserve at the central bank is estimated between 62 to $ 63 billion, the highest in the history of Iraq, monetary and financial.”

He stressed that “the head of the Iraqi dinar to improve, not only Read more…

Economist warns against the dollar to reduce the price of one thousand Iraqi dinars at once

05/29/2012 10:23

Economic expert has warned Rdam Makki, Tuesday, of the danger of reducing the price of the dollar to one thousand Iraqi dinars at once, and promise Tsraa from the central bank in the event of the oldest on the move ..

He said in a statement that “the rush to cut the dollar at one time would confuse the market and business dealings, the fact that the difference in exchange rate will be greater, which will cause repercussions and problems among traders and creates chaos in the stock market and the offices of dollar selling.” Read more…

Central Bank: private banks will begin to sell the dollar to the public at the price of 1189 Iraqi dinars

Baghdad, “Iraq’s gate,” Mohammed Sharif      05/30/2012 9:33

Central Bank of Iraq, that a wide range of private banks are the other will begin to sell the dollar cash to the public through the windows of sale at the exchange rate are approved and for no longer than 1189 Iraqi dinars per dollar.

According to a statement issued by the Bank received a “gate Iraq,” a copy of “Iraqi dinar is stable highly reflected in the continuing rise in the exchange rate of the Iraqi dinar against the dollar in the local market, and that the intervention of the Iraqi Central Bank in the exchange market and his handling of the Read more…

Economic Commission Decision: The Central Bank pumped huge amounts of dollars to maintain the value of the dinar in front of him

On: Wednesday 05/30/2012 12:06

Baghdad (news) .. According to decision of the Economic Commission deputy / Kurdish coalition blocs / Mahma Khalil, that the central bank gave powers to the banks, government business for the sale of hard currency in addition to the auction to inject large amounts of dollar in the market to maintain the value of the Iraqi dinar. 
Khalil (of the Agency news) said on Wednesday: The Central Bank is the main reference for the Iraqi banks and obliges it to apply fiscal policy, and as a result of increasing the value of the dollar against the Iraqi dinar during the recent period, he decided to Central to give authority to sell hard currency to the Read more…