Posts Tagged ‘Iraqi Dinar’

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…

The central bank introduced a new strategy for the Iraqi dinar to the dollar is equal to

05/29/2012
BAGHDAD / JD / .. Central Bank announced new steps that will raise the value of Iraqi dinar against the dollar. The deputy governor of the Central Bank of the appearance of Mohammed in a statement to the reporter (JD) that the central bank began to implement a new strategic equation will come out even where the Iraqi dinar and the dollar if it is available the appropriate atmosphere. Saleh added that the new strategy will work to increase the capacity of the Iraqi dinar as a step in the way of reform of the financial system in Iraq and stimulate the economy, and then proceed with a project to delete the zeros of the exit equation equal to the Iraqi dinar with the dollar and this requires the Read more…

Central Bank: the deletion of zeros from the country of Iraq will be transferred trillions to billions

Tuesday 29 May 2012

Sumerian News / Baghdad Central Bank of Iraq, Tuesday, that the deletion of zeros from the Iraqi dinar currency will transfer the country from the country of trillions to billions, while stressing that the project still needs the approval of Parliament and the Iraqi government. Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh in an interview for ” Alsumaria News “,” project to delete three zeros from the Iraqi dinar currency will move Iraq from the country of trillions to the country of billions, so Iraq will move from numbers 10 to the 12 to 10 to the 9 “. Saleh added that “the project is different from the issuance of a new currency as follows it not only deleted three zeros from the Iraqi dinar currency, but delete the three places calculations of the Read more…

Member of Finance Committee: The Central Bank puts the instructions and opposers can not preserve the value of national currency

On: Tuesday 05/29/2012 10:38

Baghdad (news) .. Criticized by the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri, the monetary policy pursued by the central bank, adding that he puts the instructions and financial rules and the violation of their application. 
Yasiri said (of the Agency news) said on Tuesday: The officials and decision-makers at the central bank tends their emotional style, what makes them “Itnervzon” Once the high value of the dollar against the Iraqi dinar, without resorting to radical solutions or thinking about the development director for any crisis, an emergency occur in the financial Read more…

Central seeks to unify the exchange rate

05/28/2012

Integrity electronic / Baghdad
Approved the Central Bank of Iraq this month, the existence of an imbalance in the Iraqi dinar exchange rate and confirmed his quest to unify the exchange rate between him and the local markets while at the same time denied any deterioration of the value of Iraqi dinar.
The central bank last week accused the four of conspiring to hit the financial economy of Iraq to empty its market of its financial strength, indicating that the free trade corridors in Iraq is becoming the means adopted to hit the economy.

And saw the price of the dollar compared to a rise in local currency during the past few days, which Read more…

Delete the zeros depends on the central exchange rate controlled

05/28/2012

BAGHDAD / electronic integrity
A member of the Finance Committee Najiba Najib said: project delete the zeros and the restructuring of the currency made by the central bank depends on the extent of implementation of control and control of the Iraqi dinar exchange rate against the dollar.
She added that Najeeba: Central Bank and the government in the event will allow them to take action and contribute to a new monetary policies to control prices of the Iraqi dinar against the dollar, they will be able to cancel the wait-and-start delete the zeros and the restructuring of the currency”.
The Cabinet decided, in the middle of the month of April last, be patient in the application of the deletion of zeros from the national currency.  Read more…

Deputy Governor of Central Bank: an integrated project to delete the zeros and the objectionable question is incorrect

Date: Monday 05/28/2012 11:53

Baghdad (news) .. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, the readiness of the bank to start the process of removing three zeroes from the Iraqi dinar currency, noting that the objection on that just Cecchekat is incorrect. 
Saleh said (of the Agency news) said on Monday: The project is integrated and all concerned in the government support him and there is no one against him, and who object to this project is skeptical of the ability of the central bank to implement it. He added that the central bank will be ready to implement the decision without hesitation if the government Read more…

CBI begins to pay depositors Warka Bank

CBI begins to pay depositors Warka Bank

28/05/2012 09:33

Baghdad, May 28 (Rn) – The Central Bank of Iraq, on Monday, he began to pay small depositors Warka Bank for Investment Al-Ahli, who suffered a financial crisis summoned and placed under guardianship. and decided Central Bank of Iraq beginning of March last to develop and guardianship to the Warka Bank because of the deterioration of fiscal policy , the bank said that the imposition of guardianship on the Warka Bank came to save him. The main tasks of the Central Bank in managing monetary policy in the country, and raise the value of Iraqi dinar and tackle inflation. Deputy Governor of Bank of the appearance of Mohammed, told the Kurdish news Read more…

Parliament calls for an economic lift to the value of the dinar

27/05/2012 0:00 

Expert: Iraqi banks can not interact with the global counterparts because of bureaucratic

On: Sun 27/05/2012 8:19

Baghdad (news) .. I suggest a banking expert Mohsen on the development of the banking sector through the introduction of electronic systems in modern done to give confidence to foreign investors to invest in Iraq. 
Ali (of the Agency news) said on Sunday: Providing banking sector, modern technology has become an urgent need at present to boost investment in the country forward, the fact that the investor today needs a banking system newly away his money on potential risks, pointing out that the banking sector plays a key role in attracting investors to the country. He pointed out: that the Iraqi banking sector is underdeveloped at present and dominated by bureaucratic red tape because of its distance from development taking place in the world and is unable to interact with international banks, calling on the federal government to seek to improve the sector by resorting to the use of modern technology in the management of banks, in addition to open regular training courses for staff working in Read more…

Hassani, MP warns of spread of forged currency, class (10) thousand dinars in the market again

On: Sun 27/05/2012 10:32

Baghdad (news) .. Warned the MP / National Alliance / Abdul Hadi al-Hassani, the spread of currency forged Iraqi category (10) thousand Iraqi dinars in the local market again because it will affect the value of the Iraqi dinar and the economic situation in the country, calling for a plan to withdraw and take strict measures against dealers it. 
said Hassani (of the Agency news) said on Sunday: The increase in the spread of counterfeit currency in the domestic market for the particular category (10) thousand Iraqi dinars will lead to a lack of confidence of citizens in financial trading in local currencies, which will increase the money supply on the market and also cause damage to the value of the Iraqi dinar against the hard currency and the national economy in general. He added, Read more…

5-26-2012, IRAQI DINAR GURU GUESSES!!

5-25-2012 BWM let me review for a second. IF you go back a little over a year the big “issue” was M’s 100 days. Then it was the GOI (but the goi was in place) then it was erbil (but contracts were being paid) then it was O, then the GOI again, then M, then end of the year, then GOI, then G, then M and all along we keep getting deadline after deadline..so what does that really tell us.. .IMO it says it’s NOT about Iraq but about their stability…all the “things” that ppl tell you we won’t see an RV until we see IMO are things that we won’t see until (simultaneously) we see an RV. Read more…

Central seeks to stabilize the exchange rate to 1189 Iraqi dinars to the dollar

Central seeks to stabilize the exchange rate to 1189 Iraqi dinars to the dollar

26-05-2012 10:00 AM

Said the Iraqi Central Bank said on Saturday that the goal of monetary policy is to maintain and keep the Iraqi dinar exchange rate against the dollar by 1189, indicating the stability of the exchange rate in local markets after the expansion of outlets selling the dollar. 
and approved the Central Bank of Iraq this month, the existence of an imbalance in the Iraqi dinar exchange rate and confirmed his quest to unify the exchange rate between him and the local markets and denied at the same time any deterioration of the value of Iraqi dinar. The central bank was accused last week of four states with ‘conspiracy’ to hit the financial economy of Iraq to Read more…

The central bank can make the dollar equivalent to 1000 Iraqi dinars to the requirement to change its current policy

On: Saturday 26/05/2012 18:50

Paradise economic parliamentary 
Baghdad – the citizen , member of the Committee on the economy and investment MP / block Iraqi white / Aziz Mayahi, the ability of the central bank to make one dollar is equal to (1000) Iraqi dinars, the requirement to change its monetary policy current, and described as «false» and you need to re-examine the . 
said Mayahi the news on Saturday »The Central Bank is able to reduce the value of the U.S. dollar against the Iraqi dinar and make the exchange rate is equivalent to (1000) Iraqi dinars, because of the financial reserve a large estimated at more than (62) billion dollars.» He added: »that the current monetary policy followed by the Central Bank «wrong» and need to be reconsidered, because the continuation of work out will harm the public money, especially in the recent period when it rose the value of the dollar significantly against the Iraqi dinar because of Read more…

High prices of weapons in Iraq after allowing possession in the home

26/05/2012
BAGHDAD / JD / .. the prices of weapons in most cities of Iraq following the decision of the National Security Council to allow possession in the home. Informed sources said that “the price of light weapons and machine guns rose dramatically after the resolution by increasing the demand upon by the different quarters of the citizens of the acquisition and issuance of licenses tenure home under the new resolution. The same sources said that” the weapon of the type (Kalashnikov 7.62 mm) famous in Iraq rose to more than 30% in a short period, bringing the average price of one piece to about 650 thousand Iraqi dinars, while it did not exceed the 400 thousand Iraqi dinars in the Read more…