Posts Tagged ‘Iraqi Dinar’

Mohammed Saleh: the government’s actions came to cover the deficit in the budget of 2015

The appearance of Mohammed Saleh: the government’s actions came to cover the deficit in the budget of 2015

Posted, 07/03/2015 (22:15)

BAGHDAD / Amer Mohi

Economic Adviser to the Prime Minister stressed that the measures taken by the government to issue bonds and borrowing from banks, which came to fill the budget deficit in 2015, with experts called on the government to grant bond to local banks, rather than foreign, which may impose restrictions hurt the economy in general.
Economic Adviser to the Prime Minister Haider al-Abadi, said in a statement to the “long” that “the issue of remittances is a paragraph Read more…

Iraqi Dinar Guru opinions 3-6-15

Iraqi Dinar Guru opinions 3-6-15

3-6-2015 Newshound Guru Tlar …delete the zeros is the name of this project…it is an event and is an overnight RV at some level…it is a process. The only way the lower denoms could be released is with an immediate increase in value high enough to warrant their release. How many times has the CBI told us that both currencies will circulate for two years since 2010…15, 20? Very, very few articles coming out support a float. More and more continue to support an immediate rate change in value which at almost any rate kills [the] float theory starting at 1166… A good question…Why would they want to bring out a currency at less than its true value. Quite simply they would not. So now with the government firmly behind this project and Maliki not being able to stop or threaten the project or the people at the CBI as he did when he was PM, and with the fundamentals being at least 3x’s better than they were in 2008 when the strategic study said that they could support an immediate increase of 1.13 to 1, I ask again, why in the world would they want to start the currency at 1166? I can give you 20 good reasons why they would not, starting with it could potentially damage an already fragile economy struggling to recover. Read more…

Parliamentary Finance: The government would appeal in the “central” sales restrictions

Parliamentary Finance: The government would appeal in the “central” sales restrictions

03/06/2015 17:50

Long-Presse / Baghdad
Finance Committee in the House of Representatives suggesting that the government is moving to challenge substance identified in the budget ceiling of the central bank from the sale of certain foreign currency, which is one of the main modifications within (17 articles) introduced by the Parliament during the sessions saw the adoption of the budget law in the month of January last. It also defends adjusted to Read more…

Iraqi Dinar Guru opinions 3-5-15

Iraqi Dinar Guru opinions 3-5-15

3-5-2015 Newshound Guru Millionday Article quote: “Said the Iraqi Central Bank, on Wednesday, he has a tendency to increase gold reserves basket, stressing that he shall move the basket almost daily.” CBI WILL BE ADDING TO GOLD RESERVES VERY OFTEN TO SUPPORT THE VALUE OF THE DINAR. THEY HAVE HUGE RESERVES TO HOLD THE VALUE OF THE DINAR — THAT IS WHAT RESERVES ARE FOR — HARD BACKED VALUE AND CONFIDENCE IN THE CURRENCY. Quote: “…the CBI independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies…” THEY ARE REMINDING ONE MORE TIME THAT THEY ARE INDEPENDENT AND ALSO HAVE THE ABILITY TO SET THE EXCHANGE RATE. Read more…

Iraqi Dinar Guru opinions 3-4-15

Iraqi Dinar Guru opinions 3-4-15

3-4-2015 Intel Guru Delta we have several sources confirmed…this CBI article is for real…100% original fact! This is what we’ve been waiting for! This is amazing! Wonderful confirmation…right from the horses-mouth…this was the announcement from the CBI. The first thing they are going to do is increase the value of the IQD…and gradually introduce the lower denoms. We believe that everything is done. We should/must see the new rate from the CBI in the next 24/48 hours…because of the distributions of the budget. Based on what we see…the budget…and what the Kurds got…the starting rate…could come up at 10 cents…I don’t see the rate coming out higher than 30 cents. Between 10 and 30 cents. We may not have to wait for 2 years to see the rate go higher. Free float may drive it up. We believe they are about ready to pull the trigger. Read more…

Launch the green light to the deletion of zeros from the Iraqi dinar

Launch the green light to the deletion of zeros from the Iraqi dinar

March 4, 2015, 11:48

BAGHDAD – ((eighth day))

Governor of the Central Bank announced on the Keywords, to delete the zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by regulatory and administrative operations.

And he said: “The project to delete the zeros is based was put into practice, and we gave the green light to start with,” noting that Read more…

Iraq resorted to sell bonds to $ 6 billion or selling oil on credit to overcome the financial crisis

Iraq resorted to sell bonds to $ 6 billion or selling oil on credit to overcome the financial crisis

03/04/2015 (19:55)

BAGHDAD / long-Presse

Finance Minister Hoshyar Zebari said Iraq is considering several options to overcome the fiscal deficit, which is currently suffering from it, and these options are borrowing from government banks and the issuance of six billion dollars worth of loans, bonds, in agreement with international banks.
While the new Baghdad and Erbil’s commitment to the agreement Read more…

Central Bank: increase gold reserves to support

Central Bank: increase gold reserves to support

03/04/2015 08:38 GMT

Follow-up – and babysit – Central Bank of Iraq, declares, he has a tendency to increase gold reserves in the basket, stressing that he shall move the basket almost daily.
The governor of the bank on the Keywords, in a statement, and received news agency public opinion (and babysit), on Wednesday, said that “the Central Bank tendencies to increase the proportion of gold in reserves Bank of hard currency basket”, adding that Read more…

Iraqi Dinar Guru opinions 3-3-15

Iraqi Dinar Guru opinions 3-3-15

3-3-2015 Newshound Guru Enorrste Article quote: “Governor of the Central Bank announced…on Tuesday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation…” I am literally “tickled pink” at this announcement. We get a green light on starting the process and, in the same article, a statement that it will take up to two years to implement. That means that a LOP is out of the question and that the float will begin shortly, in my view. I can’t wait to see the first tick up on the official rate! Read more…

Governor of the Bank: Ahtiatatna of hard currency and very good cover of the Iraqi dinar to 150%

Governor of the Bank: Ahtiatatna of hard currency and very good cover of the Iraqi dinar to 150%

Tuesday 3 March 2015 11:40

Alsumaria News / Baghdad
showed the central bank governor on the Keywords, on Tuesday, was surprised at the statements of some officials about the low reserves of hard currency, stressing that Iraq does not suffer from any decline and has good revenue and there are no concerns, as pointed out that the Iraqi dinar is covered by 150 % of hard currency. Alak said in an interview for the Sumerian News, “The level of coverage of the Iraqi dinar from the hard currency Read more…

Governor of the Bank: Auction currency is no longer a daily window and put new mechanisms

Governor of the Bank: Auction currency is no longer a daily window and put new mechanisms

03/03/2015 11:30

Awan / Baghdad
The Governor of the Central Bank of Iraq on the Keywords, on Tuesday, for the development of new mechanisms for the auction currency, which “is no longer a daily window,” he said, adding that a lot of hard currency being smuggled out of the country as well as for use in the operations of corruption.
Keywords and said in a press conference held today at the bank building and attended by “time,” “The new regulations set by the Bank is that the auction is no longer a daily window of operations for Read more…

Central Bank: the deletion of zeros existing project and we have given the green light for its implementation

Central Bank: the deletion of zeros existing project and we have given the green light for its implementation

03/03/2015 12:50

Awan / Baghdad
Governor of the Central Bank announced on the Keywords, on Tuesday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by regulatory and administrative operations.
Keywords and said in a press conference held at the bank building and attended by “time”, that “the project to delete the zeros is based has been put into practice and gave the green light to start with,” noting that Read more…

Central Bank denies stop auction currency and confirms continuation new mechanism

Central Bank denies stop auction currency and confirms continuation new mechanism

March 3, 2015 14:57

Ali Keywords
(Independent) … .nfy Governor of the Central Bank and the Agency on the Keywords, on Tuesday, news about the existence of a process to prevent the sale of the dollar and to stop work ERA currency, stressing that the Bank continues to sell the dollar did not stop but the new mechanism.

Keywords and said in a press conference held at the central bank and attended (Independent), said that “a lot of hard currency fled to Read more…

Iraqi Dinar Guru opinions 3-2-15

Iraqi Dinar Guru opinions 3-2-15

3-2-2015 Newshound Guru Millionday Article quote: “Office of the Prime Minister Saad al- Sabri, that the application of Article 140 of the Constitution after the procedure will eliminate Daash terrorist gangs in the disputed areas.” THEY ARE NOT ACTIVATING ARTICLE 140 UNTIL DAASH IS ELIMINATED PER THIS REPORT. IT IS NOT THAT THE BORDERS ARE NOT BEING DEFINED — IT IS THAT IT IS NOT AN EASY TASK WITH DAASH ON THEM OR IMPACTING THE PROCESS. [What is article 140…?] ARTICLE 140 IS PART OF THE CONSTITUTION THAT DEFINES THE AREAS THAT ARE PART OF KURDISTAN… IMPORTANT FOR COSTS AND BUDGET ETC. Read more…

Parliamentary Finance hosts the Governor of the Central Bank and looking him Cancel zeros from currency

Parliamentary Finance hosts the Governor of the Central Bank and looking him Cancel zeros from currency

Monday, March 02 / March 2015 11:10

[Baghdad-where]

Parliamentary Finance Committee discussed on Monday with the central bank governor Ali Mohsen Keywords Cancel zeros from the currency.

Correspondent agency all of Iraq [where] that “the parliamentary Finance hosted a morning on the Keywords to discuss the issue of the Iraqi dinar and the abolition of zeros from the currency, as well Read more…

Deputy: $ 180 million a day escape from Iraq

Deputy: $ 180 million a day escape from Iraq

03/02/2015

Finance Committee revealed in the House of Representatives for smuggling 180 million Dollars a day from Iraq to some countries of dollar sales in the Central Bank.

A member of the committee MP Haitham al-Jubouri, in his interview with Radio Free Iraq that “the House of Representatives in the current year’s budget, select the amount of selling the dollar at the central bank auction of five and seventy million dollars a day,” he argued that “the central does not comply Read more…

Iraqi Dinar Guru opinions 3-1-15

Iraqi Dinar Guru opinions 3-1-15

3-1-2015 Newshound Guru Breitling The intent of the CBI is EXACTLY the same…what do they want to do? They want to get it to a US dollar and after that they want to change the economic policies a little bit and get it to $3.00…and that’s that. This [50 dinar note retirement] revealed to us the time frame…they are not going to come out at a buck…this tells us they are going to come out as a float. There is always a couple scenarios so we’ll see how it goes…the wealth of the 50 dinar notes is going into your dinar coming up pretty quick so Happy Birthday! Read more…

As of today .. Central Bank eliminates the category of 50 dinars

As of today .. Central Bank eliminates the category of 50 dinars

01-03-2015 03:57 PM

Central Bank of Iraq announced the start replacing the coin 50 dinars as of this March after his decision to drag.

He added that the bank “Due to stop the public from trading cash paper category 50 dinars, he decided to withdraw this banknote trading based on the powers vested in Article 36 of the Bank Act No. 56 for the year 2004 “,” The banks and their branches will start replacing Read more…

CBI pulls smaller paper currency

CBI pulls smaller paper currency

01/03/2015

Iraqi Central Bank decided to smaller paper currency which is the withdrawal of 50 dinars value of trading after it no longer needed due to the low value and stop circulation, as well as the lack of acceptance in the banks. Said an official statement issued by the Central Bank that citizens can switch possession of Banknotes fifty dinars category in government banks.

In an interview with Radio Free Iraq, economic advisor to the prime minister the appearance of Mohammed Saleh pointed out that fifty-class dinars were printed after 2003, but Read more…

Iraqi Dinar Guru opinions 2-28-15

Iraqi Dinar Guru opinions 2-28-15

2-28-2015 Newshound Guru Kaperoni Article quote: “…the 50 dinars born “dead” because they are too small and can not be accepted compared to other groups.” [I take this as just more confirmation of good things to come and it has started.] I do agree..and the time limit of only 60 days seems to tell me that they wanted to get this over with quickly so they can pursue that new policy. Quote: “A source in the CBI told the “term” that “the Bank does not want a conflict between the currency category of 50 dinars and 500 dinars in case of deletion of zeros from the last.” I think the very fact that they mention deletion of zeros as a possible reason in this article implies that process is coming sooner than later. Especially when they are only providing 60 days to redeem. […if an initial revaluation was coming first, the 50 note would definitely have value. to see it being removed leads me to believe the plan is already in place to come out with a float which means at least for a stretch of time the 50 note will have no significance and should be removed.] …it will come out at 1166 and rise. Not including any correction that may occur. Read more…