Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 2-10-15

Iraqi Dinar Guru opinions 2-10-15

2-10-2015 Newshound Guru sczin11 …BASED ON ALL THE REPORTS, RELEASES, AND ANNOUNCEMENTS, WE ARE LED TO BELIEVE THAT THE IRAQI DINAR, SHOULD BE SUPPORTED WITH EASE, BY THE CENTRAL BANK OF IRAQ, ( CBI ), AND FURTHER REPORTS INDICATE THE VALUE OF THE CURRENCY SHOULD BE ONE OF THE STRONGEST, IF NOT THE MOST POWERFUL CURRENCY IN THE WORLD! THE COST OF EXCHANGING THE OLD DINAR, ( WHAT WE OWN) WITH THE NEW VALUE PAIRED TO WHATEVER CURRENCY OR COMMODITY THEY CHOOSE, IS ONE OF SIGNIFICANT LEVELS…IT WOULD POSSIBLY BEHOOVE THE CBI TO PAY AS LITTLE AS POSSIBLE, THUS COMING UP WITH A LOWER INITIAL EXCHANGE RATE…CORRECT? I SAY NOT! Read more…

CBI borrow six trillion dinars deposited by commercial banks have reserves to finance the budget

CBI borrow six trillion dinars deposited by commercial banks have reserves to finance the budget

10-02-2015 03:26 PM

The CBI has decided to finance the state budget with a loan of six trillion dinars, through the operation of 50% of the deposited by commercial banks reserves has, and the repurchase of treasury bonds from the secondary market.
According to a statement of the bank it will buy about five trillion dinars, of which the Read more…

Iraqi Dinar Guru opinions 2-9-15

Iraqi Dinar Guru opinions 2-9-15

2-9-2015 Newshound Guru American Contractor The Iraqi Parliament is continuing with their economic conference meetings in Baghdad. What you are going to see is the private banking institutions and the Iraqi government working together to facilitate government projects. The Iraqi government will remove the restrictions it had imposed on the private banks. The Private Banking had restrictions due to lack of capital and unable to fund multi-million dollar projects. Since that time the banks have raised their capital to the Central Bank requirements and now, are able to compete with the two state banks for government projects. Not all private banks have met the capital requirements, and they will not be able to participate in this program. The Central Bank has announced that this is not the time to delete the zeros from the Iraq currency, stating that lack of security and economic stability in the country. The State-owned Rafidain Bank has announced the first ever smart card used by Iraqi citizens who are living abroad and are collecting pensions and or subsidies. The Central Bank reserves have decreased, and this is another reason the CBI has limited the sales of the dollar into the market. The CBI is trying to protect the reserves. Read more…

Warnings from the continuing decline in the exchange rate of the dinar against the dollar

Warnings from the continuing decline in the exchange rate of the dinar against the dollar

09/02/2015

BAGHDAD / JD / .. after he saw the Iraqi dinar declined abruptly in price against the dollar and other hard currencies than it was before the adoption of the state budget in 29 of the last month, warned a number of experts and specialists in the financial and economic of the continuing decline of the Iraqi dinar exchange rate issue against the US dollar and its impact on the economic situation in the country, calling during their talk Agency / BD / central bank to take quick action and effective Read more…

Parliamentary Finance reveals that the next few hours will see the ratification of the budget

Parliamentary Finance reveals that the next few hours will see the ratification of the budget

02/09/2015 15:02 GMT

Follow-up – and babysit – Parliamentary Finance Committee revealed, on Monday, that the next few hours will witness the Presidency of the Republic’s ratification of the general budget for the year 2015 Act.
Said committee member Rep. Majida al-Tamimi said that “the coming hours will witness the Presidency Read more…

Central: Iraqi dinar hard currency

Central: Iraqi dinar hard currency

9/2/2015 0:00

Despite the slight rise in the dollar exchange rate
BAGHDAD Mostafa Hashemi
caused Article 50 of the Budget Law for 2015, confusion evident in the dollar’s exchange rate against the dinar, while the Governor of the Central Bank economist counting this article to intervene in the work of an independent institution.
He said the central bank governor Acting Dr. Ali Keywords that this article surprised us and we will Read more…

Expectations to fill the budget deficit from rising oil prices

Expectations to fill the budget deficit from rising oil prices

9/2/2015 0:00

Kurdistan confirms its commitment to the agreement of the oil
BAGHDAD – Tariq al-Araji,
saw the economic and investment commission in Parliament that high oil prices will fill the budget, which amounted to a deficit (25) trillion dinars, while the head of the advisers in the Office Engineer Thamer Ghadhban Prime Minister revealed confirm the Kurdistan region of commitment agreement with the Government Federal Read more…

Iraqi Dinar Guru opinions 2-8-15

Iraqi Dinar Guru opinions 2-8-15

2-8-2015 Newshound Guru Chattels […where does the budget business stand?] a real mystery to me…Parliament says they sent it to the Prez, but the Office of the President says not received? …it makes me think that the budget is not “revealed” because there is real significance to the ratification of the budget this time. the constitution talks in terms of 15 days after receipt then it is automatic, but the constitution is silent as to a budget passed and sent, but not received…it becomes a question of when does the 15 days begin? “Such laws are considered ratified after fifteen days from the date of receipt by the President.” what happens if there is not a “receipt”? Read more…

Parliamentary Finance is preparing to follow up the 2015 budget exchange

Parliamentary Finance is preparing to follow up the 2015 budget exchange

02/08/2015

BAGHDAD / JD / .. showed the parliamentary finance committee, its willingness to coordinate with the relevant committees and the government to follow the 2015 budget to reduce the exchange of financial corruption and waste of public money.
A member of the committee MP Abdul Qader Mohammed told / BD /: The 2015 budget included a paragraph urging the parliament and the government Read more…

A significant reduction in the price of the Iraqi dinar against the dollar after approving the budget

A significant reduction in the price of the Iraqi dinar against the dollar after approving the budget

08/02/2015 11:42 GMT

Agencies – dropped the price of the Iraqi dinar against the dollar and other hard currencies than it was before the adoption of the state budget in 29 of the last month.
According to the Kurdish Democratic Union site, the price per dollar today February 8, 1234 dinars, while the official rate by the central bank in 1166 dinars, an increase of 68 dinars to the dollar represents about 6 percent.

He says Followers, that the dollar price in the markets before approving Read more…

Iraqi Dinar Guru opinions 2-7-15

Iraqi Dinar Guru opinions 2-7-15

2-7-2015 Newshound Guru Enorrste This country will become a powerhouse for three simple reasons: first, it is the “wild west” meaning it is the last and best opportunity for the big players to make some serious money. Second, Iraq has, without question, the largest amount of “natural reserves” in the world… And, finally, third, Iraq has the strongest currency in the world, even though its current value “appears” to be toilet paper. Mark my words. The float will change the world’s economic structure. I am not saying this alone. I have Saleh to back me up. To paraphrase: “the dinar will become one of the strongest currencies in the world and will be held by them for a very long time as a world reserve currency.” I’ve been in this over 8 years now. However, as we enter the last lap, please don’t lose faith. I am a true believer that anyone who hangs in for the next “phase”, as Shabibi used to call it, will be rewarded, not only somewhat, but very nicely indeed. Iraq will literally save the paper currency system. It must. The other option isn’t affordable. Read more…

Iraqi Dinar Guru opinions 2-6-15

Iraqi Dinar Guru opinions 2-6-15

2-6-2015 Newshound Guru Millionday Article quote: “Directorate-General for issuing and cabinets held at the Central Bank of Iraq expanded meeting with representatives of the banks to inform them on how to deal with banknotes in accordance with modern techniques in counting and testing…” THERE ARE MASSIVE NEWS STATEMENTS COMING OUT OF CBI…THEY ARE PREPARING FOR THE EXCHANGE OF BILLS AND THEY ARE HAVING MEETINGS WITH ALL BANKS FOR DIRECTION. THEY ARE TRAINING ALL BANKERS ETC ON HOW TO TELL WHAT IS REAL FOR EXCHANGE…TRAINING IN THE ASPECT OF SORTING THE EXCHANGE. THIS IS A MAJOR MEETING AND RELEASED TO CITIZENS…SMILE. [hopefully exchanging of larger notes for smaller as the value will rise!] THAT IS EXACTLY THE HOPE WE HAVE…I SEE NO OTHER REASON FOR SUCH A MEETING WITH ALL BANKERS. Read more…

Parliamentary: time is not right to delete the zeros of the Iraqi currency

Parliamentary: time is not right to delete the zeros of the Iraqi currency

Posted 06/02/2015 09:24 AM

Parliamentary Finance Committee denied, determine the central bank a time limit for the deletion of zeros from the Iraqi currency and as confirmed that it supports the project, said that the bank believes that the time is not right to take this step.

The committee member said Jabbar al-Abadi in a press statement, said that “the project to delete the zeros were traded Read more…

Parliamentary Finance confirms that determine the time to delete the zeros

Parliamentary Finance confirms that determine the time to delete the zeros

Friday February 6, 2015 08:29

[Baghdad where]

Stressed the parliamentary finance committee member Jabbar al-Abadi, not the central bank to determine a time limit for the deletion of zeros from the local currency.

He said al-Abadi told all of Iraq [where], that “the project to delete the zeros were traded within the Finance Committee,” adding that Read more…

Iraqi Dinar Guru opinions 2-5-15

Iraqi Dinar Guru opinions 2-5-15

2-5-2015 Newshound Guru American Contractor The World Bank has recently published a paper on the unpegging of the dollar from the Iraqi dinar. The World Bank offers suggestions short of being a demand for the Iraq government. In Iraq, they are already exporting Oil and Gas to world markets at the going market rate. The 2015 Iraq Federal Budget will have a problem going forward. The Central Bank of Iraq (CBI) finished the week with the Iraqi dinar market rate fluctuating from 1235-1250 higher than normal. The CBI and the Parliament Economic Committee will meet this weekend (Friday-Saturday) to discuss the monetary policy (Iraq Currency) and increase the value. The Iraqi dinar has no restrictions. The Central Bank is not waiting for a budget; they are implementing their monetary policy. The current monetary policy is causing a shortage of dollars in the market. The Central Bank may raise the limit of the dollar auction sales to assist the Iraqi dinar and increase in value. Read more…

Finance: We have an enormous amount of hard currency .. and on the bank to maintain the strength of the dinar

Finance: We have an enormous amount of hard currency .. and on the bank to maintain the strength of the dinar

05.02.2015

Brother – Sam Mullah
He said the parliamentary finance committee member Masood Haider said, “Article 50 of the Budget Law obliges the central bank to determine sales of the dollar ceiling does not exceed $ 75 million, with the exercise of justice in the sale.”
Haider said in a statement singled out by the reporter for News Agency (et) that “the Central Bank is authorized to take the necessary measures to maintain the strength of the Iraqi dinar” actions, noting that the natural Read more…

Parliamentary affirming the continued rise of the dollar and an expert on financial demands that restrict the sale

Parliamentary affirming the continued rise of the dollar and an expert on financial demands that restrict the sale

05/02/2015 (00:01 pm)

BAGHDAD / long-Presse

Parliamentary Finance Committee, confirmed on Wednesday that the rise in the dollar exchange rate “will not last long”, and demanded that the central bank using monetary tools to control the market, while the possibility of stabilizing the market and re-dollar natural position economist, counting financial expert to determine the sales ceiling. ” would not be feasible, “and stressed that the best solution is not to restrict dollar sales and Read more…

The government is moving to the Federal Court on the intersection of budget items with the independence of the Central Bank

The government is moving to the Federal Court on the intersection of budget items with the independence of the Central Bank

05/02/2015

BAGHDAD / JD / .. said a source close to the prime minister, said the dispute over the independence of the central bank in the budget items resolves through the Federal Court.
The source, who declined to be named, told / BD /: that the controversy concerning the appeal by the Economic Commission recommended in the Council of Ministers of the materials contained in the budget bill, which intersect with the independence of the central bank will Read more…

Iraqi Dinar Guru opinions 2-4-15

Iraqi Dinar Guru opinions 2-4-15

2-4-2015 Newshound Guru Adam Montana I’m going to be blunt here… I keep my expectations low and I hold my excitement regardless of what’s happening. It’s getting progressively harder to stay grounded, even for me… so if you’re one of those that’s like me and you’re on the edge of your seat right now… well, you’re not alone! Here’s some cliff notes: 1. It’s been a long haul, but we are MAKING PROGRESS! We have a new Iraqi PM, we have a new and improved GOI (Government Of Iraq), Chapter 7 is a thing of the past and we are working on the HCL right now. Read more…

Economic Cabinet recommends to challenge materials contained in the budget, “intersect” with the Central bank

Economic Cabinet recommends to challenge materials contained in the budget, “intersect” with the independence of the central

Date: 04/02/2015 18:05

Information / Baghdad / ..
announced the Governor of the Central Bank of Iraq on the Keywords, on Wednesday, the Economic Committee of the Council of Ministers of the Council recommended to challenge the material contained in the budget law “intersect” with the independence of the Bank, saying the bank continued support liquidity of the banking sector in order to contribute to the revitalization economy.
Alak said in a statement received by the agency / information / copy of it, “the Economic Committee of the Council of Ministers recommended the cabinet to challenge the material contained in the budget law intersect with the independence of the central bank.”
He added: “It we have the means to achieve stability in the dinar exchange rate Read more…