Posted 23/02/2013 05:22 PM
This tool is one of the important means (if not more important) than among other tools (the discount rate, the legal reserve) used by central banks to control the money supply for free economies ..
The main open market operations the process of buying and selling government bonds (public debt), ie the State to borrow from the public or the banks against a specific repayment period and interest rate. (more…)
Warned parliamentarians and experts in regard financial consequences of the exploitation of part of the funds in the central bank in the project development and investment, describing it as “Red Line” as is cover for the local currency, while member suggested the Economic Committee in the House of Representatives Hussein Salman Mura’bi, invest part of the reserves located at the central bank for investment projects in the country. (more…)
Monday, 04 February 2013 12:18
Baghdad (AIN) -The Secretariat General of the Council of Ministers ruled out replacing the Iraqi currency or crossing out the zeros from it in this phase.
A statement by the SG quoted its Secretary General, Ali al-Allaq, as saying “The project of replacing the Iraqi currency and omitting the three zeros from it was discussed in past period at the CoM where the Council stressed that this topic is not within the priorities of the Council since there is no problem in this respect.” (more…)
09/16/2012
BAGHDAD / JD / .. Confirmed the Arab Monetary Fund said Iraq from among the countries which depend on the system flotation orbit currency exchange, pointing out that the drainage systems prevailing in the global economies and Arab currencies, including 3 types first “floating fully” and that left to market forces by identifying currency exchange rate, as dependent other countries system “peg a single currency or a basket of currencies” including states “cooperation”, Jordan and Lebanon, as well as drainage systems combine the two systems ex. (more…)
16 Sep 2012 9:08
Oil revenues account for the main source of foreign currency in Iraq, and appropriate private sector demand for foreign currency, from the window of the central bank, with it. It depends government spending on them, and commensurate income of the private sector in Iraq with the level of government spending.
And the percentage of sales window to oil revenues until the end of 2010 average about 52 (fifty-two) percent, and dropped to below the 50 percent in the first five months of 2012. The exaggerated statements in the exposure of the exchange market in Iraq to extraordinary pressures from countries, and did not indicate the mechanisms influencing quantity and direction. (more…)
Date: August 18, 2012
The Central Bank of Iraq that the high reserves of hard currency to 67 billion dollars, it returns a positive, given the dinar additional strength.
The deputy governor of the Central Bank, the appearance of Mohammed Saleh, in a press statement yesterday, said that there is a correlation between the direct current account surplus of the balance of payments and trade growth cash reserve of foreign currency. (more…)
Posted 11/08/2012 08:12 AM
Babinaoz (Reuters) – Central Bank of Iraq, the rise of foreign exchange reserves to $ 67 billion, confirming that these reserves are the largest in the history of Iraq, pointing out that these reserves is one of the monetary policy to reduce inflation in Iraq.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that “the Iraqi Central Bank’s reserves of hard currency rose to $ 67 billion, up from $ 63 billion the end of last May,” noting that these “reserves are the largest in the history of Iraq.” (more…)
08/09/2012 0:00
They need to start reforming the financial sector
said a number of economists that the state of confusion experienced by the Iraqi economy for several decades because of the policies that were followed and that begins with the reform of the financial sector, which requires the adoption of policies Court for the entry into force of the state of deterioration, which affected all sectors and stressed the need to achieve economic stability, which leads to the promotion of investment. (more…)
Dated: 7/22/2012 10:28:20 Sunday
Baghdad (news) .. Download Member of the economy and investment MP / block Iraqi white / Aziz Mayahi, the central bank responsible for not decrease the value of the dollar against the dinar because of the absence of effective control on the process of dollar selling by banks approved, stressing that most of the banks approved the sale of hard currency reserves in dollars and sell them to citizens . (more…)
07/08/2012 0:00
D. The appearance of Mohammed Saleh
, despite the severity of changes in the political environment that have occurred in our country since 2003 and tugging the strong sustained political and social landscape and the National Economic and upload the country a lot of volatility, stability and Maravgah of concern and worries in the path of building democratic life and the advancement of the state of modern, it has been policy monetary stability, a tent, which gave a strong national currency dimension to the unity and cohesion of the country’s sovereignty to the fact that currency is a symbol of sovereignty as a purchasing one interacts with it all. (more…)
VietNamNet Bridge – Some bankers have urged the State Bank of Vietnam to regulate the dong/dollar exchange rate in a flexible way to ensure the harmonization of different economic goals, instead of trying to stabilize the exchange rate somehow.
The next dollar undercurrent wave
The dong/dollar exchange rate has been fluctuating regularly since early June. When the dollar price increased slightly in early June, this did not catch the attention of the public, because the central bank committed at the beginning of the year that the dong will not devaluate by more than 3 percent by the end of the year. (more…)
23/06/2012 01:32
BAGHDAD / Center Brief for the Iraqi Media Network – An Iraqi Central Bank of negotiations conducted with a company (not disclosed) for the purpose of the adoption of telephone banking in the daily dealings in the country. (more…)
05/23/2012 0:26
d. The appearance of Mohammed
to the extent that has led the oil revenues, and accumulations, Ktheroh financial capitalism of the state, trends and topics of monetary policy in the framework of the so-called effects of monetary fiscal policy (whether in the dominance of public finances to create a cash basis to the Central Bank or the accumulation of foreign reserve of the Central Bank of Iraq being a the cover of the national currency in circulation outside the Central Bank), these effects of monetary public finance has become clear in making the idea of the independence of the central bank (from my personal view) is a preference for second best Second, instead of being the preferred first as you want monetary policy to the dominance of state capitalism of financial development the movement of money overall in Iraq and adjust or monitor trends in monetary and development and consumer according to an ideological hybrid imposed by the present condition and state of the economy, as an extension of the phenomena of the rentier state central. (more…)
MAY 20, 2012
VietFinanceNews.com – The Vietnamese dong currency is rising, so exchange rate adjustments may be in store, said economic experts of the National Institute for Finance at a conference in Hanoi last week.
According to analyses by experts, the dong has strengthened by 23.8% against the U.S. dollar and by 5.7% against the basket of currencies of the country’s major trading partners. (more…)
VietFinanceNews.com – The Vietnamese dong currency is rising, so exchange rate adjustments may be in store, said economic experts of the National Institute for Finance at a conference in Hanoi last week.
According to analyses by experts, the dong has strengthened by 23.8% against the U.S. dollar and by 5.7% against the basket of currencies of the country’s major trading partners. (more…)
VietFinanceNews.com – Fitch Ratings has affirmed Vietnam’s Foreign- and Local-Currency Issuer Default Ratings at ‘B+’. The Outlook for both Ratings is Stable. The Country Ceiling is also affirmed at ‘B+’, and the Short-Term Foreign Currency IDR at ‘B’. (more…)
VietFinanceNews.com – After sending a consultative task force to Vietnam in March, the International Monetary Fund (IMF) said the Vietnamese Government’s macro-economy stabilising policies have started to yield high effect, with quickly decreasing inflation, trade deficit and pressure on VND.
IMF welcomed the State Bank of Vietnam, the central bank, which has recently increased foreign reserves considerably. The fund also supported the central bank’s policy of limiting the VND devaluation at 2-3% till the year-end. (more…)
Date: Thursday, 26.04.2012 0:21
D. Fadel Abbas Mehdi network of Iraqi economists have led the media storm raised by the attempt to enter the Office of the Prime Minister the details of the work and functions of the central bank to increase speculation on the exchange rate of the dinar.
It contributed to the increase that speculation is unwarranted statements scientifically and statistically one of the economists close to the Prime Minister on the need for truncation of foreign currency reserves, regardless of the potential or lack of angles constitutional, legal and economic.
Such statements are studied in the content, timing and issued by the references close to encourage speculators to bet on the deterioration of the exchange rate and push them to further speculation, and this regardless of the role of countries neighboring Iraq in the sale of the dinar to buy dollars in the Iraqi market. (more…)
APRIL 16, 2012
VietFinanceNews.com – We seem to be going through another one of those periods when almost everyone you meet, especially in the bars, is talking Vietnam down and being negative.
However, there is a difference this time. In my 20 plus years here, the Vietnamese have never been negative or pessimistic, but today they seem to be adopting the negative sentiment. (more…)
VietFinanceNews.com – The State Bank of Vietnam has used around VND130 trillion to buy $6.23 billion worth of foreign currencies from banking systems for the national reserve.
The central bank has also sold some $100 million for the banking system, SBV Governor Nguyen Van Binh said at a recent meeting with the chairpersons and general directors of 14 Vietnamese commercial banks. (more…)
said the Iraqi Central Bank, Sunday, having large reserves of hard currency to cope with the phenomenon of demand, indicating that there are internal and external factors behind this phenomenon.
The bank said in a statement issued today, and received “Alsumaria News”, a copy of it, it is “possessed of large foreign reserves are the estimated high in the face of any potential caused by the growing phenomenon of demand for foreign currency on the basis of the means of monetary policy available to control the levels of liquidity and cash flows in order to achieve economic stability desired.” (more…)
The Central Bank of Iraq that the situation of foreign reserves of the Central Bank of Iraq is one of durability the location and the estimated high in the face of any eventuality caused by the growing phenomenon of demand for foreign currency, according to the means of monetary policy available to control the levels of liquidity and cash flows in order to achieve economic stability desired.
The bank said in a statement received (citizen) yesterday and handled some of the media phenomenon of the subject high demand for foreign currency in the window of the Iraqi Central Bank for the sale and purchase of the dollar, particularly in recent weeks. (more…)
Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh, said that the Iraqi central bank reserves are formed via two-way direction, which is often direct and indirect way.
Saleh added that the trend of direct which often is the fact that the government fill up between (60-70%) of the expenditures of Interior Iraqi dinar by exchanging dinar product in the Central Bank of Iraq being the authority to release cash and exchange it for dollars to represent the process trade-off between the balance sheet and the general budget or between items within the balance sheet and items outside the balance sheet of the Central Bank of Iraq, noting that this swap is for the purpose of bridging the expenditure of local Iraqi dinar and the dollar intake to meet this swap represents the accumulation of reserves of foreign central bank of Iraq or the so-called assets of State, consisting of cash basis used in trading. (more…)
On: Wed, 01/11/2012 12:12
Baghdad (news) .. noted member of the Economic Commission deputy / coalition in Iraq / Qusay Fri importance of new legislation supports the Iraqi banks two branches of government and private sectors for their contribution to the investment process and the reconstruction of the country.
Juma said in a statement (for the Agency news) on Wednesday: The Iraqi banking system too late for modern systems and advanced in the world, Iraqi banks now is like the offices of banking, and do not have an active role and is vital in the investment operations of the country. (more…)
JANUARY 9, 2012
VietFinanceNews.com – Vietnam’s currency, the dong , could lose 5-6 percent of its value against the dollar this year, a government advisory agency predicted on Monday.
The dong has suffered since 2008, pummelled by volatile inflation, a persistent trade deficit and low foreign exchange reserves. Annual depreciation of up to 6 percent could be seen as a “positive result”, the National Financial Supervisory Commission said in a report.
During 2011, the central bank lowered the dong’s midpoint rate by 9.1 percent, including an 8.5 percent one-off devaluation in February. Currently, the currency is allowed to trade around that rate in a band of 1 percent on either side. (more…)
VietFinanceNews.com – Vietnam’s foreign exchange reserves are estimated to be higher than earlier this year but are yet to reach the safe threshold, said the National Financial Supervisory Commission.
The forex reserves may be equal to 7.5 weeks of import cover compared to 3.5 weeks earlier this year, but they should cover 12 to 13 weeks of imports, Le Xuan Nghia, vice chairman of the commission, said this week.
After the central bank sold a large volume of foreign currencies within the past two weeks to cool down the exchange rate, financial experts are concerned that the move could pile pressure on foreign reserves and the central bank’s commitment to keep the exchange rate fluctuation under 1 percent from now to the end of this year.
VietFinanceNews.com – Vietnam’s economy will grow by 5.9 percent this year and foreign reserves will increase by US$5 billion, Prime Minister Nguyen Tan Dung has said during a meeting on the country’s macro-economy in 2011.
Addressing the business community at the meeting, the Prime Minister admitted that the country’s economy is in difficulty but it has managed to gain considerable results.
He said economic growth in the first three quarters of this year was in an upward trend, and the full-year growth was expected to be 5.9 percent compared with the 6-percent target, which he said was “acceptable” amid economic difficulties.
VietFinanceNews.com – The official exchange rate fluctuation in recent days is not the thing experts are worried about. However, they have expressed the doubts about the feasibility of the government’s plan to curb the exchange rate fluctuation at below one percent by the end of the year.
Prior to October 5, the interbank dong/dollar exchange rate announced every day by the State Bank of Vietnam always stayed at 20,628 dong per dollar. However, since October 5, the State Bank has continuously raised the interbank exchange rate to 20,638 dong, then to 20,648 dong, and to 20,653 dong per dollar on October 7.
