Posts Tagged ‘Monetary policy’

Finance Committee Member: CBI has new plan to raise the exchange rate of the Iraqi dinar to start in early June

Posted: May 25, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-02-16 at 12.22.47 PMCreated on Saturday, 25 May 2013 11:59 | |

Baghdad / Orr News
A member of the parliamentary Finance Committee that the central bank told us that he will implement a new plan to raise the value of the Iraqi dinar exchange either the U.S. dollar.

A member of the Committee Faleh Djiashi, that “the central bank told the parliamentary Finance Committee that an action plan will begin to apply early next June, would be enough to raise the exchange rate of the Iraqi dinar against the U.S. dollar.” (more…)

Economist proposes mechanisms to quickly raise the value of the Iraqi dinar

Posted: May 23, 2013 in Iraqi Dinar/Politics
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Iraq Business Directory - 05/22/2013 – 7:48 pm 

Visual proposes mechanisms quick to raise the value of the Iraqi dinar

Exchange rate fluctuations accounted for expert attention

Select an economist many reasons behind the fluctuations in the value of the Iraqi currency and economic imbalances structural considering that the exchange rate holds an pivotal role in monetary policy in terms of its use as a target or a tool and as an indicator of the competitiveness of the state through its effect on the components of economic growth, such as investment and the degree of openness to international trade and capital flows and the evolution of the financial sector. (more…)

CBI Gov Turkey: Central Bank is the sole body responsible for monetary policy in Iraq

Posted: May 23, 2013 in Iraqi Dinar/Politics
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Baghdad / Baghdadi news / .. declared the Iraqi Central Bank, on Thursday, continuing to support the banking activity in accordance with the stated policy and what qualifies these banks and serious contribution in building the economy of Iraq.

He said Iraqi Central Bank Governor agency Abdul Basit Turki said in a statement transfer press office and received / Baghdadi News / copy of it, and during a meeting with a number of managers of Commissioners and officials of private banks that “the sole and reference in the administration and the announcement of the monetary policy in Iraq,” (more…)

CBI confirms it continues to support the banking activity in accordance with the declared policy

Posted: May 23, 2013 in Iraqi Dinar/Politics
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23/05/2013 – 12:57

said the Iraqi Central Bank, on Thursday, continuing to support the banking activity in accordance with the policy stated, as called for all relevant parties to avoid irresponsible remarks that do not conform with the facts which it operates. ,

the bank said in a statement issued today, and received “Alsumaria News”, a copy of “The Governor of the Bank and the Agency Abdul Basit Turki Saeed held, today, a meeting with a number of managers of Commissioners and officials of private banks,” noting that “the governor said during the meeting to the bank continued to support the banking activity in accordance with the policy stated, Since qualifies these banks to perform its national role and contributing Avenue in building the economy of Iraq. ” (more…)

CBI achieves the highest reserves of hard currency in its history at $74 Billion

Posted: May 11, 2013 in Iraqi Dinar/Politics
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11/05/2013 – 15:35

revealed a banking source early on Saturday that the volume of reserves Iraqi Central Bank foreign currency amounted to $ 74 billion, noting that it is the highest reserves achieved by the bank in the country’s history.

source said in an interview for “Alsumaria News”, ” the size of central bank reserves of foreign currency amounted to $ 74 billion, “noting that” it represents the highest rate up to the bank of the currency in the history of Iraq. ” (more…)

Finance Committee Member appeals to GOI and CBI saying, Changing the currency and delete the zeros alone will eliminate fraud

Posted: May 4, 2013 in Iraqi Dinar/Politics
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Saturday, May 4, 2013 09:15

Member of the Committee appealed, on Saturday, to the Iraqi government and management of the Central Bank of the need to implement the project to delete the zeros and the current currency exchange described by Balkadima and removable fraud.

A member of the Committee MP Abdul-Hussein al-Yasiri in a statement to / Baghdadi news / that “Iraq needs a new clean and currency forgery of proof that ancient coins consumed after circulating for a long time during which he became easy to forgery and counterfeiting, as is happening now.” (more…)

Economic Analyst: Iraq’s monetary policy lags behind the global dependence on old laws

Posted: May 4, 2013 in Iraqi Dinar/Politics
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05/04/2013 – 2:17 pm
Analyst Economic Rissan Musawi, that monetary policy Iraqi lagging global monetary policy, the reliance on old laws. Moussawi said news agency Baghdad International / WAP /, that “monetary policy practiced by Iraq is not suitable to be within the state’s plan to re- building economic infrastructure and finance in Iraq, because there are institutions, cash is responsible for monetary policy Iraqi same laws that were going out during the past period. ” (more…)

Economist says monetary policies need to improve prior to dropping zeros from IQD

Posted: April 18, 2013 in Iraqi Dinar/Politics
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Economic expert: getting lost in the monetary policy makes the deletion of zeros is not successful project
Published in: 11:55 am, April 18, 2013 Editor: ipa 2

BAGHDAD (Iba) … said, an expert in economic affairs peace Sumaisem, to begin procedures to delete the zeros from the Iraqi currency in the light of the confusion in the monetary policy and the instability of the dinar and improve Sarsrv of them unsuccessful procedures. (more…)

Editorial: What does it mean to delete Iraq 3 zeros from the Iraqi dinar?

Posted: April 17, 2013 in Iraqi Dinar/Politics
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17/04/2013 |
A. D. Mohamed Ibrahim El Saka
announced the Finance Committee in the Iraqi Parliament that the central bank will begin in the current year by deleting three zeros from the local currency, in other words, that the unit of currency category thousand dinars from the old currency will be replaced dinar and only one of the new currency, and so on.

step oldest by Iraq intended to reform the system of local currency which is based on the use of currency denominations are too high, which leads to difficulties in dealing in special accounts transactions, as well as higher prices resulting from the use of monetary units of categories of high, which leads to decline in the exchange rate of the currency and declining purchasing power of the dinar significantly. (more…)

CBI announces sale of 200 billion dinars of the Treasury

Posted: April 17, 2013 in Iraqi Dinar/Politics
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17/04/2013 – 12:41

Iraqi Central Bank announced on Wednesday, the sale 200 billion dinars Khawwalat of the treasury, pointing out that the three banks win remittances الاصدارية.

The bank said in a statement received “Alsumaria News,” a copy of it, that “the Bank conducted a public auction at its meeting of 82 for the sale of remittances treasury during the 91-day and $ 200 billion dinars,” adding that “it was whole sale الاصدارية and at a discount amounted to 4.80%.”
(more…)

CBI subtracting zeros from the local currency (2 articles)

Posted: April 14, 2013 in Iraqi Dinar/Politics
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14/4/2013 11:45:00

Deleting three zeros from the local currency

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 international economic.

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

Vietnam growth requires reform, parliament leader says

Posted: April 11, 2013 in Asian Currency Markets
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Last Updated: Sunday, April 07, 2013 05:00:00

Vietnam’s government will need to accelerate economic structural reforms to boost growth that was at a 13-year low last year, National Assembly Vice Chairwoman Nguyen Thi Kim Ngan said.

“The economy will continue to face difficulties this year” amid an international slowdown and domestic challenges, Ngan said yesterday at a conference held by the National Assembly’s economic committee in the southern city of Nha Trang.
(more…)

Shabibi: I heard charges against me are dropped, I wait for formal notification

Posted: April 10, 2013 in Iraqi Dinar/Politics
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English: Governor of the Bank of Irak.

04/10/2013 – 14:21

confirmed CKD Iraqi Central Bank Governor Sinan al-Shabibi issued an arrest warrant, on Wednesday, he heard dropping the charges against him, pointing out that he awaits notification formally in order to return to Iraq.

Shabibi said who is outside Iraq in an interview for “Alsumaria News”, “It heard the decision to drop the charges against him, but did not reach a formal letter of resolution so far,” noting that “can not return to Iraq until it is notified formally.” He Shabibi he “will return if notified,” stressing the need to “drop the charges for staff and employees the bank because they are أنزه staff “, as he put it. (more…)

Economist: Increased CBI sales of the dollar does not contribute to the stability of the dinar exchange rate

Posted: April 8, 2013 in Iraqi Dinar/Politics
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08-04-2013 12:49 PM

Baghdad (newsletter). Excluded Economist Salam Al-Quraishi, the stability of the Iraqi dinar exchange rate against the US dollar when you increase the supply of foreign exchange in the market, it will impact on the size of the cash reserve at the Central Bank.

He said Al-Quraishi (News Agency): that the current monetary policy by the Central Bank are not based on scientifically valid, accurate, pulling down dinar exchange rate during the period. (more…)

Financial Committee Chairman: Iraq must abide by the recommendations of the IMF regarding country’s monetary policy

Posted: April 4, 2013 in Iraqi Dinar/Politics
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04-04-2013 12:37 PM

Baghdad (newsletter). Deputy Chairman of the Finance Committee MP/Kurdistan blocs Coalition/Faizullah, the importance of adhering to the recommended by the International Monetary Fund for support and development of the country’s monetary policy. (more…)

CBI Governor looking to develop relations with the French Central Bank (2 articles)

Posted: March 28, 2013 in Iraqi Dinar/Politics
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Published in: 12:53, March 27, 2013

BAGHDAD (Iba) .. Prime BSA federal and central bank governor Agency Abdul Basit Turki Saeed with Prime Economic Services Middle East Regional Minister Plenipotentiary at the Ministry of Finance French Dolajoger and Chairman of the Economic Section of the French Embassy in Baghdad Dennis if Vries prospects for the development deal between the two central banks Iraqi and French. (more…)

Economist expects CBI to drop zeros from currency one anti-counterfeiting measures are in place; Anticipates early 2014

Posted: March 22, 2013 in Iraqi Dinar/Politics
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Salem Al-daini claimed the three zeros deleted project of currency to withdraw counterfeits from the marketplace

22-03-2013

Student Economist Salim Al-daini, the application of the draft Central Bank deleted three zeros from the currency early next year, to eliminate the forged currency in the local market. (more…)

CBI announces new decision to reduce exchange rate of foreign currency in Iraq

Posted: March 14, 2013 in Iraqi Dinar/Politics
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CBI announces near new decisions to reduce the high rate of foreign currencies

Iraqi Central Bank announced on Thursday that it was taking a number of new decisions that will change the exchange rate of foreign currencies against the Iraqi dinar and thereby contributing to its stability in the currency market.

The bank said in a press statement received / Baghdadiya News / copy of “Central Bank and after follow-up floury to the high exchange rate of foreign currency in the secondary markets in Iraq, tends to take many new decisions to maintain the stability of the exchange rate of these currencies in the market.” (more…)

Vietnam: In troubled times, banks find reason for slight optimism

Posted: March 13, 2013 in Asian Currency Markets
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HA NOI (VNS) — At least 90 per cent of local banks believe that inflation will stay in the single-digits this year, according to a survey conducted by the State Bank of Viet Nam (SBV).

Nearly 70 per cent of banks predicted that the mobilised and lending interest rates for the Vietnamese dong would go down by about 2 per cent, the SBV’s Monetary Statistics and Forecasting Department said. (more…)

Economist Opinion: IQD needs economic stability to make it a desirable currency internationally

Posted: March 11, 2013 in Iraqi Dinar/Politics
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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…)

Member of the Committee on Economics: Central Bank is seeking to create a balance between supply and demand on the dollar in its monetary policy

Posted: March 8, 2013 in Iraqi Dinar/Politics
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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…)

Economic Committee Member: CBI policy is not encouraging as money-laundering operations still underway

Posted: March 5, 2013 in Iraqi Dinar/Politics
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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…)

Mixed opinions: What will happen if they delete the three zeros of the Iraqi currency?

Posted: March 1, 2013 in Iraqi Dinar/Politics
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3 – 1 – 2013

Politicians and economists stressed the Iraqis that if delete three zeros from the current currency of Iraq explain many risks because of poor conditions in the country, instability, insecurity and corruption, noting that this process is not possible at present because it will lead to a major crisis in the Iraqi economy.

Iraq is seeking to reform the currency management system and to facilitate their use and to reduce the number of banknotes from four billion to one billion and 800 million, by deleting three zeros and a coin. (more…)

Finance Committee Member: Currency will not be replaced, no zeros dropped in 2013; Blames political instability and poor stability of CBI

Posted: February 23, 2013 in Iraqi Dinar/Politics
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Parliamentary Finance: this year will not attend any currency exchange or delete Ocefarha

Said a member of the Finance Committee MP Haitham al-Jubouri said “this year will not see replacing Iraqi currency not delete three Ocefarha”.

Jubouri said the “unstable political situation and the worsening situation prompted the central bank to postpone the project until it is political stability and the stability of the monetary policy in the country.” (more…)

Economists attribute the reduced bank dollar sales to limit the currency go outside Iraq

Posted: February 20, 2013 in Iraqi Dinar/Politics
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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…)

Economists warn Vietnam headed for double-digit inflation

Posted: February 20, 2013 in Asian Currency Markets
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Last Updated: Wednesday, February 13, 2013 02:00:00

After consumer prices rose 1.25 percent last month, analysts warned that the government is unlikely to keep inflation at below 6 percent this year.

Voice of Vietnam radio quoted economists as saying that a double-digit rise in prices is possible this year, posing more challenges to the government’s attempts to stabilize the economy. (more…)

Member of the Economic Committee: the mysterious CBI policy and need clarity

Posted: February 15, 2013 in Iraqi Dinar/Politics
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Date: 13/02/15 11: 22: 39 pm Friday

Baghdad (newsletter). Called the economy and Investment Committee member of iraqiya MP//nahida Al-daini, Central Bank monetary policy clarification and presented to the House of representatives to reduce corruption and money laundering.

She said Al-daini (News Agency): Although the results of the current monetary policy, the Central Bank of Iraq has good pace and routine and was able to prove through maintaining the stability of the dinar exchange rate, but it is a bit vague. (more…)

Editorial (Part2): Inflation in the Iraqi economy and how to reduce its repercussions

Posted: February 14, 2013 in Iraqi Dinar/Politics
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 d. Accustomed Naji al-Hamdani

Part 1: http://thecurrencynewshound.com/2013/02/13/editorial-inflation-in-the-iraqi-economy-and-how-to-reduce-the-repercussions-1-2/

(2-2)
of the economic and social consequences of inflation, loss of confidence in the national currency. Sharp Valtsaad in prices weaken the purchasing power of the Iraqi dinar and investors and consumers heading toward security havens Instead, they resort to convert their savings into gold or National Real Estate or replaced in foreign currencies, leading to the emergence of the phenomenon of dollarization in the economy. (more…)

Deputy: CBI reserves will make Iraq immune from the global economic shocks and for 10 years

Posted: February 13, 2013 in Iraqi Dinar/Politics
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Ali Abdullah – 02/13/2013 – 10:56 AM | Hits: 50

Suggested a member of the Committee on the economy and investment MP / National Alliance / Hussain Salman Mura’bi, invest part of the monetary reserves of the Central Bank in the investment projects of the country to increase the size of financial balance of the state. (more…)

Parliamentary Finance: currency stability proof of the success of the CBI

Posted: February 1, 2013 in Iraqi Dinar/Politics
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30/01/2013 08:52

BAGHDAD / Bri Center for the Iraqi Media Network IMN – The parliamentary Finance, the central bank is going in the right direction as evidenced by the stability of the currency rate and lower sales of the bank.

A member of the Finance Committee Haitham al-Jubouri’s (IMN) that “there is stability operations seen in the central bank and it is going in the right direction and the proof of that currency Asagrar and lower sales.” (more…)

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