Posts Tagged ‘exchange rate’

Economy

(Legal) Convertibility of the dollar to the outside will not affect the currency

16/12/2013 05:23 PM

Ruled out a member of the Economic Commission Attorney Nora Albjara, the effect of converting large amounts of dollar to the outside through the central bank auction on what exists of it in Iraq. (more…)

05-12-2013 10:00 AM

Baghdad (news) .. Said economic expert Dargham Muhammad Ali, to the present time appropriate for the application of the project to delete the three zeroes from the Iraqi currency, the fact that the exchange rate of the dinar relatively stable during the current period. (more…)

Sunday, 01 November / 1 December 2013 07:05

According to statistics prepared by all of Iraq [where] that dollar sales at the central bank auction last month rose in November for auction sales in October.

Amounted to dollar sales in the month of November 3 billion and 803.691 million compared to $ two billion and 191 million and 456 000 dollars in October while sales were during the month of September 5 billion and 275 million and 645 000 dollars in the month of August 4 billion and 563 million and 751 000 dollars. (more…)

Screen Shot 2013-11-27 at 1.09.09 AMStapes: the process of deleting the zeros working to raise the value of the dinar against the dollar
27-11-2013 08:47 AM

Baghdad (news) .. A member of the Economic Commission MP / National Alliance / Ibrahim stirrup, that the high price of the dollar depends on the ratio of supply and demand in the auction sale of the currency in the central bank.

said stirrup (of the Agency news): The high exchange rate of the U.S. dollar against the Iraqi dinar is affected by security conditions taking place in Iraq and demand it through legal or illegal as a matter of money laundering. (more…)

Senior Economist: Raising the zeroes corrective action to facilitate the transfer and account currency
Sunday, 24 October / 2 November 2013 08:11

The expert described the economic, Akram Abdel-Aziz, a step central bank to raise zeros from the local currency, “the action to reform aspects of the calculation.” It said in a statement told all of Iraq [where]: “The deletion of zeros is the restructuring of the financial sector and banking and reconsider the monetary policies.” (more…)

salehExperts: reduce the effects of the parallel market contributes to the stability of the exchange rate

11/20/2013 12:00 AM

They called to reconsider granting leave enter currency auction

confirms experts and specialists need to reduce the effects of the parallel market to stabilize the market and the exchange rate of the dollar against the dinar, pointing to the importance of maintaining the experiences of economic participation in the auction currency. (more…)

Economy | 17-11-13 at 19: 33

a member of the parliamentary Finance Commission Abdul Hussein Al-yasiri, the Bank informed the Committee that he would try to raise zeros from the currency beginning in 2014. (more…)

13:00 17/11/2013
Central Bank has submitted to the Finance Committee zeros currency beginning of 2014

Told the Iraqi Central Bank, the Finance Committee in the House of Representatives that he will try to raise zeros from the currency beginning in 2014.

Said committee member Abdul Hussein al-Yasiri in a press statement that “the application of the decision to lift the zeros, will contribute significantly to reducing the monetary blocs to quarter, which coincides with the increase in the value of the Iraqi dinar.” (more…)

11/17/2013 11:35
Tomorrow Press / Baghdad: Take member of the Parliamentary Economic Commission MP Hassan Salman, Sunday, that the process of lifting the zeros from the Iraqi currency will strengthen the dinar and raise its value, stressing that the process will be completed during 2015. (more…)

11-11-2013 09:30 AM
Baghdad (newsletter). Confirmed the decision of the Commission on economy and investment Deputy/Kurdish Alliance/mahma Khalil, the political differences among the parliamentary blocs impacted negatively on the overall economic situation in the country, warning of serious economic problems if the conflicts among politicians. (more…)

18:08 06/11/2013
Ali Abdul-Hussein

As a result of damage to most of them, can not maintain their quality for a long period of use, has become the currency with small groups into grumbling and resentment of the citizens as a result of digging majority, thus opening the door to calls for restoration of the coin for these categories of money they are not affected by various factors that are exposed during circulation for long periods.

To talk about this topic, I found newspaper (public opinion) that some dialogue about it, was following her Poses with some of the interviewed: (more…)

Central Bank’s decision to stop dealing with “Western Younine” cause upheaval in the currency market

BAGHDAD – Iraq Press – November 6 / November: Stop the Iraqi Central Bank to deal with the company “Western Younine” It is a global company through which they can transfer money to all over the world, and is working to provide commercial services safe and fast way to convert cash and owns about 270 thousand agent worldwide in more than 200 countries and the headquarters of several, and the size of the company’s revenues nearly $ 3 billion annually. (more…)

03/11/2013 17:52
Tomorrow Press / Baghdad: The member of the parliamentary Finance Committee Hassan al-Bayati, Sunday, the Iraqi Central Bank to maintain the value of the dinar against foreign currency, considering that this is of the duties of the bank.

Bayati said for “tomorrow’s Press,” “The duties of the Iraqi Central Bank to maintain a balance of the Iraqi currency with foreign currency global for the protection of the citizen and the state for inflation in the currency,” calling on the Bank to “develop a mechanism to balance the process of local with global currencies in Iraq” . (more…)

The member of the Finance Committee, MP of the Kurdistan Alliance, Dlair Qadir called the Central Bank of the need to facilitate the procedures for the sale of hard currency for citizens and banking companies to support the Iraqi dinar exchange rate against the U.S. dollar.

He opined that the central bank of Iraq should fulfill the pending demands for setting up a mechanism that will facilitate the sale of hard currency, whether in the auction or Windows sales in the banks in order to satisfy local market demand for the dollar. (more…)

10/24/2013 12:00 AM

varied views of specialists in economic affairs around the central bank’s decision excluding 12 out of 32 banks waged from the auction currency for not achieving increased their capital to 250 billion dinars within the period set by the Bank For those banks, regarding an economist believes that this decision will impact on the reputation of banks, both domestic and external.

(more…)

Screen Shot 2013-02-02 at 11.40.31 AM10/18/2013
Financial expert: the power of the national currency is the existence of political and economic stability in the country

attributed the financial affairs expert Thamer Jassim Al-Ali, the reasons for rejection of the neighboring countries to deal dinars to the absence of political and economic stability and security in the country, making their confidence is weak. (more…)

SHABIBIWe put the foundations for a stable dinar and hard currency and the urgent need for an efficient government sector and high productivity … Sinan Shabibi Mohammad Reza

The objective basis for the central bank is working to achieve stability in the domestic prices and foreign currency exchange rate, not the distribution of money to the merchants by their banks as imagined by many who gave the impression that the so-called auction is a business process and not monetary policy. (more…)

Screen Shot 2013-02-16 at 12.22.47 PMFlashback Article: Iraq Said To Be Planning Currency Overhaul, Redenomination (June 2011)

11/10/2013

Raised the issue of deletion of zeros from the Iraqi dinar and promoted by the central bank in recent times a lot of talk among professionals about the economic feasibility and its impact on the Iraqi economy, has reported advisers at the central bank that the deletion of zeros will help to alleviate the Event inflation suffered by the Iraqi economy where This action will help to reduce the money supply in the country, which according to them is one of the causes of inflation arguing that the timing is so suitable for the stability of the Iraqi economy, which is experiencing a stable dinar exchange rate against foreign currencies. (more…)

Reports

08-10-2013 10:07 AM

Despite the appeal to some members of the Finance Committee and parliamentary bodies the country’s economic isolation of the banking sector by the Central Bank through the enactment of a special allow the establishment of a supreme body an independent banking sector in the country, so that the central bank full-time work to support and stabilize the exchange rate of the dinar against the dollar, but that the number of bankers have expressed their rejection of this proposal and calling it harmful to the banking sector and market activity, he would lose control over the work of banks and makes it run as you like without the presence of sergeant or Haseeb. and confirmed their talk (of the Agency news) that the body which will be subject to محاصصات partisan and sectarian and will be managed by the people, not professionals which ستربك work of banks and make the economy is moving towards the unknown. (more…)

Parliamentary economy expects to raise zeros from the Iraqi dinar in 2015
Ali الضرغام – 10/06/2013

Confirmed for the economy and investment committee that parliamentary raise zeros from the dinar improves its value, expected completion of this matter in 2015.

A member of the Committee, MP Hassan Salman Wahab in a press statement on Sunday that “raise zeros from the dinar raises its value through the sobriety that would have enjoyed more if reducing the number of banknotes in the framework of a new edition frequently traded and work out both at the level of the country or abroad.” (more…)

05-10-2013 11:29 AM
Baghdad (news) .. Expert stressed financial affairs Majid picture, that in the event weakened the purchasing power of the Iraqi dinar means that the existence of inflation offset by a rise in prices, which greatly affects the economic stability of the Iraqi dinar.

said Suri (of the Agency news): The economic stability means the stability of the exchange rate inside and abroad, noting that any weakness in the Iraqi dinar weakened economy, and affect all economic processes existing accounts. (more…)

Banker: private banks evolved considerably and now has external relations with international banks
03-10-2013 10:57 AM

Baghdad (news) .. Invited the Executive Director of the Association of private banks Abdul Aziz Hassoun, the need to support the private banking sector through a deal with him and increase public confidence in him, pointing out that the private banks have evolved a lot and now has the external relations with international banks. (more…)

30-09-2013 07:19 AM
Baghdad (newsletter). The Executive Director of the Association of private banks Abdul Aziz Hassoun, the private banks has helped the Central Bank to cut the dollar exchange rate dinar in local market after its commitment to help the Central Bank to sell hard currency.

He said Hassoun (News Agency): community banks applied and all instructions issued by the Central Bank, particularly with regard to the sale of foreign currency, so they sold the dollar price approximates the official rate of the Central Bank. (more…)

28/09/2013

Dollar exchange rate will remain conservative at the same level until the end of the year

BAGHDAD / JD / .. economic analyst predicted the survival of the U.S. dollar exchange rate stability for conservative until the end of the current year, while stressing that the exchange rates of the dollar in Iraq depends on the internal situation due to the massive oil and pump increase salaries prices. (more…)

Sale of crude oil in local currency

09/25/2013 12:00 AM

said researcher economic state fair: that of Iraq to sell crude oil in local currency depends on the stability of the general situation of the country as well as the stability of the dinar exchange rate and recorded as currency global.

said in a statement (morning) that the moment is appropriate to take such a step because stability currency linked to the stability of the economic situation and the country’s public, as well as that any fluctuation is happening in global oil prices will directly affect the value of the Iraqi currency. (more…)

24-09-2013 10:33 AM
Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, the Central Bank takes measures and controls to support the stability of the dinar against the dollar.

Najib said (News Agency): that the Central Bank intended to make Iraqi dinar rather stable against the dollar, especially in this difficult period, indicating that the measures taken by the Central Bank to cover the value of the Iraqi dinar. (more…)

The Central Bank Unveils measures to cover the national currency against the dollar and asserts: you can’t defeat the Iraqi dinar

He said the Central Bank Governor said Abdel Basset Turki told the (range Alpers), “the Central Bank intended to make Iraqi dinar rather stable against the dollar, especially in this difficult period,” the Central Bank has taken specific actions to cover the value of the Iraqi dinar. “

The Turkish Bank record in recent months sharply to the dinar, born in local market confusion, “Noting that” the Bank, through decisions and actions, refer to the dinar exchange rate stability against the dollar, and that reassured the market that the dinar is still powerful, cannot be defeated from any quarter. ” (more…)

24-09-2013 10:33 AM
Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, the Central Bank takes measures and controls to support the stability of the dinar against the dollar.

Najib said (News Agency): the Central Bank intends to make Iraq a stable Wi somewhat against the dollar, especially in this difficult period, indicating that the measures taken by the Central Bank to cover the value of the Iraqi dinar. (more…)

Screen Shot 2013-06-28 at 7.52.08 PMAl-Saadi urges to give banks greater trading currency

23/9/13 12: 00 am

Baghdad-Farah pumice
The view of the Chairman of the Securities Commission, Dr. Abdul-Razzaq Al-Saadi, the Iraqi dinar will not be affected by regional events.

Al-Saadi said in the SMC (morning): “the dinar exchange rate specified by a market economy, it is determined by the supply and demand for currency, regional events, particularly in the region does not affect the Iraqi currency, linked to the availability of controls on Iraqi currency in circulation of funds so that such events will not affect the economy.” (more…)

11:51 09/22/2013

The parliamentary finance committee attributed the reasons for the scarcity of the currency with small groups in the local market to speed damaged, prompt the central bank to print new ones and pull the damaged them to create a balance amount of categories in the Iraqi market. (more…)