Posts Tagged ‘Hard currency’

05/15/2013 (23:01 pm)

Warned specialize in regard financial and banking system of the use of the balance of central bank reserves of hard currency in economic development projects, comes at a time the central bank from higher reserves of hard currency it to $ 74 billion, and coincided with the devaluation of the local currency by 1127 dinars to the dollar in the local market. (more…)

Economic parliamentary demanding quick action to stop the rise in the dollar exchange rate

Student member of the Economic Commission bloc MP Abdul Hussein Abtan citizen all competent authorities to take swift action to halt the rise in the dollar exchange rate. (more…)

Finance parliamentary add Governor of the Central Bank to discuss the implications of the high exchange rate

Center Brief for the Iraqi Media Network (IMN) – adds the parliamentary Finance Committee, next Sunday governor of the Central Bank and the Agency to discuss the implications of the high exchange rate and stand on its causes.

Committee member said Amin Hadi, Thursday, ‘s (IMN) “The Finance Committee will add the Governor of the Central Bank and the Agency Abdul Basit Turki, next Sunday, to find out the reasons for the high rate compared to the previous months which saw stable.” (more…)

07-05-2013 10:37 AM

Baghdad (newsletter). The Rapporteur of the Committee on the economy and investment the Kurdistan Alliance/MP/mehma Khalil, declining foreign purchases of stocks in Iraq market for securities to political feuds among the parliamentary blocs and the UN sanctions still imposed on Iraq. (more…)

Experts and lawmakers: mafia banks control the dinar exchange rate against the dollar and the Central Bank ignored them
21-04-2013 12:36 PM

Baghdad (News)/report/bahtik/… As the Iraqi dinar exchange rate against the US dollar decreased significantly during the past period, raised many questions about the reasons for this decline, although issuance of new measures by the Central Bank on selling hard currency which I consider by some as supportive of Iraqi dinars. (more…)

20-04-2013 11:31 AM

Baghdad (newsletter). Student member of the Committee for economy and investment/MP/-abbasn sheyaa, the Central Bank adjusted its policy towards dinar exchange rate against the dollar, tighter control on the sale of hard currency.

Said sheyaa (News Agency): the Central Bank issue management agency has succeeded in some things that concern monetary policy at the beginning of the received task but failed many of them did not stand the Mafia some private banks and weak souls that their usury. (more…)

14-04-2013 01:03 PM

Baghdad (newsletter). MP criticized/iraqiya/qais alshazar, Iraq economic policy of import-dependent outer without activating the vital economic sectors and the lack of local products in the Iraqi market. (more…)

Screen Shot 2013-02-16 at 12.22.47 PMParliamentary Finance: Central Bank starts this year … 13/04/2013 2:18 pm

said parliamentary Finance Committee, the central bank, according to correspondences official start of this year procedures deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and economic international.

A member of the Finance Committee Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) It “According Almkhtabat official with the central bank, it is supposed to start this year Balastaadadt necessary to delete three zeros from the local currency.” (more…)

13-04-2013 08:01 AM

Baghdad (news) .. Likely financial expert as Hadi al-Tamimi, the stability of the dinar against the dollar, after the necessary measures taken by the administration of the Central Bank, included an increase of outlets in hard currency.

Timimi said (of the Agency news): The increase in the number of ports on the sale of foreign currency in banks government and private by the central bank will contribute significantly to the stability of the dinar exchange rate because it will meet the market needs of the dollar. (more…)

WEDNESDAY, APRIL 10 / APRIL 2013 08:59

Revealed the Finance Committee in the House of Representatives, Wednesday, the start of the Iraqi Central Bank to take urgent action to preserve the stability of the exchange rate of the Iraqi dinar against the dollar by increasing the outlets sold for hard currency.

A member of the Finance Committee Secretary Hadi for “Twilight News”, “The exchange rate of the dinar against the dollar began gradually returning to normal after the central bank to take measures represented an increase of Iraqi ports sold for hard currency.” (more…)

Baghdad (newsletter). Returned MP for the Iraqi coalition//qais alshazar, causes of low exchange rate of the Iraqi dinar against the US dollar to the country’s political problems, and the lack of control over the sale and purchase of foreign exchange.

Said alshazar (News Agency): the weakness of monetary policy by the Central Bank, which led to the lack of real control on the sale of hard currency and how to disburse and volume in the market caused by the depreciation of the dinar against the dollar. (more…)

01-04-2013 11:29 AM

Baghdad (news) .. According to economist Ismail Radi, that increase ports open for the sale of hard currency by the banks will decrease U.S. dollar against the Iraqi dinar, because it will meet the market needs of the dollar.

Radi said (of the Agency news): The reason for increasing exchange rate U.S. dollar against Iraqi dinar during the current period in the domestic market, due to the measures the central bank Tough to sell hard currency and to the lack of dollar in the market. (more…)

Published in: 3:07 pm, March 24, 2013 by ipa 2 Views: 117

BAGHDAD (Iba) said economic analyst Qais al-Mulla, the political and economic crises that hit the neighboring countries led to the rise in the dollar withdrawal from Iraq, which caused high dollar exchange rate against the Iraqi dinar. (more…)

March 21, 2013 11:22 PM Last Updated: 21 Mar 2013 11:22

Refer rapporteur of the committee of economy and investment MP for the coalition of Kurdish blocs Mahma Khalil, a low exchange rate of the dinar against the dollar to a variety of reasons the most important problems that occurred job bank and executive interference decisions Central

said Khalil told “Nahrain News”: There are many reasons made from the Iraqi dinar decline against the U.S. dollar, including the political climate is stable and deteriorating security conditions that prompted citizens to convert their money into foreign currency (more…)

The central bank announced its sale of the treasury for transfers of 182 days and $ 80 billion dinars.

The bank said in a statement today that during the Auction No. HY50 Sale of treasury remittances issue the full amount as the highest price cut for competitive auctions amounted to 5% and the average yield competitive 4.62%. (more…)

Central Bank announced new measures to prevent money laundering operations in local markets by requiring private banks Bossullac purchase and receipt of the quantities of hard currency sold.

The official source at the bank said the central bank has taken measures and new mechanisms within the work for the current period included a demand that all private banks and banking offices bring receipts receipt and sale of foreign currency sold to ensure there is no laundering of money in the domestic market and currency smuggling out of Iraq from businessmen and traders unknown .

He said the bank will work to ensure the stability of the exchange rate of the dollar in the markets through the control of dollar amounts sold to banks and authorized agencies in order not to activate the cases speculation in the foreign currency of unidentified bodies, as happened in the past.

(more…)

The problem is not in the proposal to invest money (10%) of bank reserves for investment projects
Date: Saturday 03/16/2013 07:45 pm

While I suggest the member of the parliamentary Finance Committee invest a fraction of the central bank reserves of hard currency and (10%) for investment projects serve the country, member of the Economic Commission representative that the country اتعاني of financial problem, but suffer from random in the investment of capital. (more…)

March 14, 2013 12:06 Last updated: 14 Mar 2013 12:06

Refer economist Salim al-Daini, reasons to increase the price of the dollar against the dinar to the measures taken by the central bank in the process of selling hard currency, calling it a complex procedure and is supportive of the Iraqi dinar.

said Daini (of the Agency news): The central bank is responsible for rate cut Iraqi dinar exchange against the U.S. dollar, because of its procedures complex sell hard currency in the auction. (more…)

Screen Shot 2012-09-23 at 9.42.59 AMFinancial expert: Iraqi dinar needs economic stability to make it a desirable currency internationally
Date: 2013/03/11 12: 31: 14 Monday

Economic expert Hamid al-Musawi, [discussed] the importance of activating productive sectors [and] reduce foreign imports of goods and services in support of the Iraqi dinar and make it desirable for all countries of the world. (more…)

03.10.2013
Baghdad (news) warned member of the Finance Committee National Alliance MP Amin Hadi Abbas, the continued reduction of Iraqi dinar exchange rate against the U.S. dollar in the coming period as a result of actions the central bank for the sale of hard currency.

Abbas said (of the Agency news): The cause of the devaluation dinar during the current period due to the complicated procedures followed by the central bank to the sale of hard currency in the auction, calling for easing measures sales to meet the market need of the dollar. (more…)

Date: 13/03/08 14: 07: 16 Friday

Baghdad (newsletter). Description of economy and Investment Committee member MP//Salman al-Musawi, the monetary policy of the Central Bank as “good” as they strive to create a balance between supply and demand for hard currency.

He said al-Musawi (News Agency): the policy of the Central Bank to sell hard currency regulatory actions are supportive of the Iraqi dinar exchange rate and called on companies and banks for the prevention of money laundering and currency smuggling. (more…)

Date: 13/03/05 13: 43: 51 Tuesday

Member of the Economic Committee said MP//-abbasn sheyaa, that the current monetary policy by the Central Bank were not encouraging for the economy, stressing that money-laundering operations are still underway in the country.

Said sheyaa (News Agency): that the current monetary policy at the Central Bank by question marks from economists and specialists on the actions taken in the process of selling hard currency and foreign money transfers. (more…)

Date: 2013-02-22 12: 46: 33 Friday

Baghdad (newsletter). The Economist stressed on behalf of the beautiful, the importance of activating the SAIS and the Directorate against money laundering to monitor foreign currency sold by auction of Central Bank to banking companies to curb money laundering.

A beautifully (News Agency): Central Bank cannot meet all the needs of businesses and individuals hard currency to the detriment of the national economy and citizens, to the dollar when sold from auction the Bank does anyone know where to distract you for development projects or to import consumer goods. (more…)

Date: 2013-02-20 12: 48: 27 Wednesday

Baghdad (newsletter). The Economist warned Jalil Al-Rubaie, reduce the size of the foreign exchange auction sales of the Central Bank because it will affect the dinar exchange rate against the dollar, calling for a balance between buying and selling currencies in the market. (more…)

On: Wednesday 02/20/2013 08:19 pm

attributed economist reduce central bank dollar sales to rise sales recently, stressing that reducing the high price comes by reducing الحولات foreign bank. said economic expert Hilal Taan’s (citizen): »that the central bank engaged in a policy of open market trading sell the dollar ».

added» said the bank was selling nearly $ 250 million per day, and then raise money selling to $ 400 million per day ». explaining» that step the bank to reduce dollar sales aimed at maintaining the exit of hard currency into the country ». continued» that reducing process sell الحولات to abroad in the sale will reduce the role of currency out. (more…)

Date: Sunday 02/10/2013 05:57 pm

Member of the Committee on economy of the excluded access equal a dollar Iraqi dinar during the next period
Date: 13/02/10 12: 25: 55 Sunday

Baghdad (newsletter). Excluded Member of the Committee on economy and investment Deputy of Iraqi/coalition/nahida Al-daini, the exchange rate of the US dollar per thousand Iraqi dinars during the same period coming in under the current economic policy. (more…)

English: Gold bars created by Agnico-Eagle

Date: 13/02/05 12: 07: 38 Tuesday

Baghdad (newsletter).The Commission warned the economy and investment/MP/Hussein almerapi, reliance on gold as a monetary reserve rather than the dollar before the Central Bank because it would hurt the national economy and the Iraqi dinar.

Said almerapi (News Agency): the method of retaining large amounts of gold is a double-edged sword sometimes it keeps the bank balance but at the same time would reduce the pumping of the dollar to the local market and thus affect the dinar exchange rate against the dollar. (more…)

01/08/2013 12:00 am

stressed by a number of economists and trade on the need to work towards stopping the supply of shoddy goods into the country, revealing the effects on the local economy and its role in the destruction of the hard currency of the country without achieving economic viability that must be met by import materials fit the value of the currency being spent for her. (more…)

Date: 13/01/02 11: 37: 34 Wednesday

Baghdad (newsletter) … Financial expert warned optimizer to increase the dollar amount sold at auction, the Central Bank because it will affect the size of the cash reserve of hard currency from the Central Bank.

Ali (News News Agency): that the current monetary policy by the Central Bank is not based on cash or valid banking guide that increases the offer to sell the dollar at auction and not thinking about the hard currency reserves.
(more…)

Date: 2012/12/11 12: 33: 33 Tuesday

Baghdad (newsletter) … Economic expert attributed the Salim aldaini, the reasons for the high value of the dollar against the Iraqi dinar during the current period to the new Central Bank policy adopted by reducing sales of the dollar auction for hard currency. (more…)