Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 6-21-14

Iraqi Dinar Guru opinions 6-21-14

6-21-2014 Newshound Guru Enorrste Article: “U.S. pressure on Obama to persuade al-Maliki to step down” …comments about the “imminent” demise of Maliki are actually kind of funny. I…can recall a very similar situation 4 years ago when Maliki had only 90 votes in the SOL. He dithered around for over a year, not going anywhere, until he finally patched together the NA and held on to his position. What makes anyone…think that it will be any different this time? This is just another blip in the road for this man. He has the position and the power. Don’t bet the farm on an early demise for Maliki. On news tonight, there are talks between Iraq and Russia over this matter. Maliki “rejected” Washington and now Putin is offering Maliki support. I believe that what many fail to realize is that his power is really quite extensive at this time. Read more…

KRG is considering dealing in U.S. dollars or printed work, especially the region to cope with the lack of Iraqi dinar

Kurdistan Regional Government is considering dealing in U.S. dollars or printed work, especially the region to cope with the lack of Iraqi dinar

June 21, 2014

According to observers, economists that the Kurdistan region of Iraq may be forced in the coming period, to deal in U.S. dollars, or printed currency of its own, as a result of the lack of Iraqi currency in the banks of the region, resulting from the continuation of the Iraqi government not to send the salaries of the staff of the region, and the adoption of the latter on oil money Kurdistan, which is sold in U.S. dollars. escalated the crisis since the beginning of this year, Read more…

World Currencies continue to rise thanks to Iraq

World Currencies continue to rise thanks to Iraq

06/21/2014 (00:01 pm)

Baghdad / term

The yen rose and the Swiss franc, with the Japanese currency touched its highest level in four months against the euro, as investors sought a safe haven amid escalating violence in Iraq and the conflict between Russia and Ukraine concerning gas. And exceeded GBP $ 1.70 for the first time in 5 years, as investors bet that the Bank of England will tighten its monetary policy Read more…

Iraqi Dinar Guru opinions 6-20-14

Iraqi Dinar Guru opinions 6-20-14

6-20-2014 Intel Guru Delta CNBC AL-ARABIA CHANNEL INTERVIEW WITH TURKI FROM MANAMA BAHRAIN: “NO WORRIES FOR THE IRAQI DINAR, WE ARE PLANING TO MAKE THE MONTEREY POLICY MORE EFFECTIVE, WE HAVE THE PLAN FOR THAT, WE REGRET THAT THE CBI WILL TAKE MONTERY DECISION IN DIFICULT SITUATION. AND WE WILL SUPPORT ANY EXCHANGE RATE THAT THE CBI SELECT WITH NO PROBLEM.” SO BASE ON THIS INFORMATION, IT LOOKS LIKE THE CBI WILL MAKE THERE MOVE NO MATTER WHAT…THIS IS HUGE. Read more…

Turki: Central Bank is able to support the dinar and no fear of collapse

Turki: Central Bank is able to support the dinar and no fear of collapse

06/20/2014

BAGHDAD – Iraq Press – June 20: Economists indicates that “the demand of the Iraqi citizen to store foreign currency will be temporary, arguing that” the Iraqi economy because the governor to balance the dinar per covered 1.3% of the dollar. ”

To that, the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki, said that “the task of the Iraqi Central Bank, according to the law is to keep the dinar stable against other currencies,” noting that “the bank’s Read more…

Iraqi Kurdistan looking for alternatives to cope with the lack of dinar

Iraqi Kurdistan looking for alternatives to cope with the lack of dinar

Date: June 20, 2014

According to observers, economists that the Kurdistan region may be forced in the coming period, to deal in U.S. dollars, or printed currency of its own, as a result of the lack of Iraqi currency in the banks of the region, resulting from the continuation of the Iraqi government not to send the salaries of the staff of the region, and the adoption of the latter on the oil money Kurdistan , which is sold in Read more…

Economist warns of targeting the Iraqi dinar

Economist warns of targeting the Iraqi dinar

20/06/2014 05:48

BAGHDAD / Source News / economic expert warned .. Rashid al-Hilali, on Friday, targeting the country economically, especially the Iraqi dinar, which fell recently due to suspension of banking offices from work because of the deteriorating security situation.
He told al-Hilali / Source News / “The views Khrajah working to destabilize the economic side of the country because it enters into the service of terrorist groups.”
He added that “some stop banking offices recently led to a rise in the Read more…

Iraqi Dinar Guru opinions 6-19-14

Iraqi Dinar Guru opinions 6-19-14

6-19-2014 Newshound Guru Stryker Article: “Lawmakers, allies reportedly press White House to withdraw support for Iraqi PM” Article quotes: “The Wall Street Journal reports that U.S. officials have indicated their desire for Iraq’s political parties to form a new government without Maliki that would comprise representatives of the country’s Sunni and Kurdish communities.” “The Shiite Maliki’s party received the most votes in Iraq’s parliamentary election this past April, but it did not receive enough to form a majority government. Maliki’s efforts to find partners in a coalition government have so far been in vain.” FINALLY THE U.S. MEDIA STARTS REPORTING THE REAL NEWS IN IRAQ…IT TOOK YOU GUYS LONG ENOUGH… Read more…

Central Bank: the security situation will not affect the Iraqi dinar storage of foreign currencies will be temporarily

Central Bank: the security situation will not affect the Iraqi dinar and expert confirms … storage of foreign currencies will be temporarily

19/6/2014 10:51

Long-Presse / Baghdad
Said the Iraqi Central Bank, on Thursday, that the security situation in the country “will not greatly affect the Iraqi dinar,” and attributed the cause to “the power of the Iraqi dinar and the precautions that supported”, as noted financial expert said Iqbal Iraqi citizen to store foreign currency would be “temporary”, pointed out that the Iraqi economy because the governor to balance the dinar per covered 1.3% of one U.S. dollar a “one and a third.”
The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki said in an interview (range Press), “The task of the Iraqi Central Bank, Read more…

Central Bank: the dinar strong despite the security situation

Central Bank: the dinar strong despite the security situation

June 19, 2014

The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki said the security situation in the country will not greatly affect the Iraqi dinar, attributing the cause to the power of the Iraqi dinar and the precautions that support it. said the governor of the Iraqi Central Bank that “the bank’s management studied and researched the course of the security situation experienced by the the country and its impacts on the financial situation in the country, “noting that” the existing foreign currency reserves at the Central Bank Read more…

Iraqi Dinar Guru opinions 6-18-14

Iraqi Dinar Guru opinions 6-18-14

6-18-2014 Newshound Guru Kaperoni [if they let it float right now its already going in the downward motion . whats to keep it from falling more and more every day. the only reason its where it is now is that the CBI is holding it there.] the dinar is managed now through what is termed a “currency board” or fake daily auction where citizens buy dollars, sell dinar in country under Article XIV. The value of the dinar is in a pegged “exchange regime” to the dollar. The exchange rate does not move and only the Market Rate changes based on these auctions. When the CBI moves to Article VIII and the dinar becomes a worldwide convertible currency, it also will have a new “exchange regime” in which the currency will no longer be pegged to the dollar and will some sort of float thus allowing it to find its true value based supply and demand as the world sees its worth. Significant difference here from an internally managed currency to a real world currency. Read more…

CBI: Our reserves are “safe” and go beyond 70 billion dollars

CBI: Our reserves are “safe” and go beyond 70 billion dollars

June 18, 2014 14:44

The governor of the Iraqi Central Bank today, Abdel Basset Turki said the bank has the ability to support the exchange rate of the dinar to the fullest extent and without a roof, and that the reserves of the central Iraqi “safe” with banks outside of Iraq. expressed Turkish regretted that the Iraqi monetary policy to deal with the exceptional circumstance present that Iraq Read more…

Financial expert: dinar recovered a week after wobbling

Financial expert: dinar recovered a week after wobbling

06/18/2014 (00:01 pm)

Baghdad / term approaching the Iraqi dinar exchange rate against the dollar to the normal price, after witnessing a remarkable rise over the weekend, with a financial expert confirms that the central bank’s reserves are sufficient to remedy the crisis and maintain the exchange rate. A financial expert and former deputy governor of the central bank, the appearance of Mohammed Saleh in an interview with the agency, “Wi-News” that “any political position or security turbulent cast a shadow over the Iraqi market through exchange rate Read more…

Citizens and bankers argue the decline of the Iraqi dinar against the dollar

Citizens and bankers argue the decline of the Iraqi dinar against the dollar

Posted, 06/18/2014

Stressed citizens and owners of exchange bureaus interviewed by Radio Free Iraq retreat Iraqi dinar exchange rate against the U.S. dollar these days.
said citizen Abbas Tamim, the owner of a banking offices in Baghdad that the exchange rate of the dinar against the dollar declined significantly as a result of increased demand to buy the dollar, rising this the price to more than 1220 dinars to the dollar, after it was no more than 1200, likely to witness the next few days, a continuation of the decline in the exchange Read more…

Iraqi Dinar Guru opinions 6-17-14

Iraqi Dinar Guru opinions 6-17-14

6-17-2014 Intel Guru Delta [via R601a] No gov seated in June. Parliament seated in June. Gov will not start until end of July to the middle of August. But this has nothing to do with the monetary policy. CBI can RV at any time – fully authorized to RV at any time they wish – very likely within the next 2 weeks – was told that a major announcement near the end of June…be happy – something very good is going to happen very soon. Read more…

Governor of the Central Bank of Iraq for CNN: Despite the events we have enough to support our currency

Governor of the Central Bank of Iraq for CNN: Despite the events we have enough to support our currency

6/17/2014, 30 minutes ago

BAGHDAD, Iraq (CNN) – The Governor of Central Bank of Iraq, Abdel Basset Turki, on the strength of the Iraqi dinar and the precautions that supported despite the recent situation in Iraq and the militant groups to launch an attack on Iraqi territory and the occupation of part of it. Said Turki in a statement to CNN in Arabic, during his participation and chaired by the FATF for the Middle East and North Africa to combat money laundering and terrorism financing in the capital of Bahrain, Manama: “The cash reserve supporter of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which Read more…

Iraqi Dinar Guru opinions 6-16-14

Iraqi Dinar Guru opinions 6-16-14

6-16-2014 Tlar The process to change the country has begun. Maliki tried to get the federal court to grant him the state of emergency and they declined. So he just declared it all by himself. Everyone is ignoring his self proclaimed state of emergency. The parliament is the only organization that has the power to grant a state of emergence and rather than do that they called for the government to resign. …the election results will be released in the next two to three days. The election committee had reported that the numbers floating around a week ago will not change much. Once the election results are ratified the new parliament will meet and get down to the business of changing the government which is now operating under a caretaker government. So by Monday, Tuesday or Wednesday we should see the process again moving along only IMO it will move quickly because all the main players have already been chosen and agreed to. So potentially up to Friday next week everything will continue to look confusing especially if you are reading the US media. Everything will become much more clear by next Friday or before. The crux of the hold up is the election results not having been ratified yet. Read more…

Experts: Iraqi dinar “at the mercy of the dollar” because of the activation of a basket of foreign currencies

Experts: Iraqi dinar “at the mercy of the dollar” because of the activation of a basket of foreign currencies

16/06/2014 (00:01 pm)

BAGHDAD / Ibrahim Ibrahim

Committee called for financial and economic affairs experts in the Central Bank of the need to activate the financial trading by linking the Iraqi dinar to a basket of foreign currencies and not rely mainly on the U.S. dollar, to build a diversified economy and a flexible retractable face economic crises present and future.
A member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri in an interview for “The term the main currency in the country is among the dinar offset by the U.S. dollar, which is considered the base Read more…

Iraqi Dinar Guru opinions 6-15-14

Iraqi Dinar Guru opinions 6-15-14

6-15-2014 Newshound Guru Millionday [Did I just read that they’re going ahead with economic and monetary reform before the budget is done?] yes and this is not the first time we have seen it — Turki held a press conference when the banks notified him that they were prepared with their part and stated he would move forward with or without it in place [so every action is moving in a positive direction?] yes it seems as though with the economic announcements we have seen that they are as ready as they say they are…and all the talk of their market and how they are going to make a huge impact in the global market…that would make no sense unless THEY PLAN TO BE INTERNATIONALLY RECOGNIZED… Read more…

Expert: the security situation in the country caused a rise in the price of the dollar in Iraq

Expert: the security situation in the country caused a rise in the price of the dollar in Iraq

June 15, 2014 8:09 Last Updated: June 15, 2014 8:09

Economists said that “the high price of the dollar coupled with instability and the migration of families from Mosul because of the confusion of the security situation there.” He expert that “the reason for people’s willingness to buy the dollar as a currency globally accepted and sizes small compared to the local currency, which led to supply less of demand, and some weak Read more…