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…)
d. Accustomed Naji al-Hamdani
(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…)
Parliamentary Finance: reset the currency project has been postponed because of the successive political crises
Wrote on: 07/01/2013 14:53:09
Revealed the Finance Committee in Parliament to postpone the project to delete reset currency, which it was hoped that performs this year after the completion of all actions related to the project confirmed that the reason for the delay is the successive political crises and the central bank crisis (more…)
27/11/2012
Palm – central bank adviser said the Iraqi appearance of Mohammed Saleh, said that the bank is serious implementation of the project to delete three zeros from the national currency in the near future.
Salhan said it depends on at the present time to form the next government and parliament two new Saokhman upon themselves determine the mechanism under which the application of the deletion of zeros from the Iraqi currency. (more…)
He economist Majid picture, that “a referendum was conducted soon, between that about 95 percent of the citizens in the provinces, they demanded not to replace the ration card with funds distributed to individuals as stipulated in the final decision, what makes this decision contrary to the people’s desire to obtain food ration card. “
a member of the Economic Committee noted MP Abdul-Hussein Abtan, to the Iraqi market need for the project to delete the zeros from the currency in early 2013 to save the country from high inflation.
Abtan said in a press statement: The local market is an urgent need to delete the zeros from the currency, which works to raise inflation rates and increasing the money supply if left zeros for the year 2014, stressing: that postponing the project would damage the national economy. (more…)
On: Wednesday 03/10/2012 07:48 am
increased in recent divergent statements between shows and supporter of the process of removing zeros, where researchers economists see that the process does not have any effect, whether positive or negative in economic performance in the country, and they just change the unit of measurement,
Argued that the process of deletion of zeros relating to the reform of currency and not monetary reform, pointing out that the motives of “zeroing” is not economic, but is to facilitate the accounting process. (more…)
Date: 2012-09-09 11: 36: 58 Sunday
CBI Act process delete zeros to stop economic objections to the project
Baghdad (News) … Member of the Finance Committee/National Alliance MP Abdul Hussein Al-yasiri,/the Central Bank cautiously question delete zeros of the Iraqi currency, the large economic objections to this project.
He said Al-yasiri (News Agency news) on Sunday: that the deadline for the deletion of zeros from the Iraqi currency was agreed at the beginning (2013), the Central Bank and retreat to process time is unknown because of the objections of some economists of a collapse in the national currency. (more…)
03/09/2012 12:00 am
opened the round table organized by the Center for Strategic Studies in the morning newspaper in collaboration with the Economic Section Multi file deletion of zeros, which is the richest insights and analyzes the value and put points on the letters in decoding choking on a lack of understanding subject .
and reach a group of experts who participated in this table to the fact that such an important decision and dangerous at the core of the economic problem needs to law and legislation to ensure not falling mistakes incurred country moral and material losses large in Iraq indispensable. (more…)
Date: 2012-08-24 11: 23: 22 Friday
Baghdad (News) … Salem Al-Bayati warned economist might increase when inflation index increased salaries for staff, retirees and financial loans and advances continued to increase rateb percent of money supply in the market in the absence of a local product. (more…)
Announced the Iraqi Central Bank Governor, Sinan Shabibi, the bank chose a British company and the other German, among many international companies, to complete the process of printing the new currency.
Sunday, July 22, 2012 16:11
Baghdad {: News} Euphrates said Central Bank Governor Sinan Shabibi for the selection of a British company and the other a German for the printing of the new process to delete the zeros after it.
Shabibi said during a meeting with members of the Parliamentary Finance Committee, according to a statement of the Commission that the bank ‘s central chose a British company and the other a German among the many international companies to complete the process of printing the new currency being the Ttavan about 75% of the currencies in the world . (more…)
Inflation is the most dangerous enemy of well-being and disease can strike national economies. In addition to that pension exacerbate the suffering of the broad sectors of the population, and changes the shape of class structure and social effects of the disposal and recovery will not be easy, especially if the symptoms became more serious inflation.
Economists is that inflation is dangerous if it exceeds the favorites, or if it becomes ten percent or above. History records the contemporary economic models for countries inflation rates exceeded these levels reached dangerous limits to become the local currency carrying bags for the payment of prices is simple. (more…)
On: Sun 08/04/2012 9:03
Economic analyst warned Ibrahim al-Mashhadani, the implementation of the project to delete the three zeroes from the currency early next year, being an important project needs to be political and economic stability in the country more when applied. (more…)
Date: Saturday, 07-04-2012 01: 32 pm
Baghdad (newsletter) … Economic analyst warned Ibrahim Al-Mashhadani project delete three zeros Iraqi currency early next year, being an important project needs more political and economic stability in the country when applied. (more…)
Investigations and contemporary society : the deletion of zeros from the dinar .. Where to
Of us who recall the process of switching categories of currencies of the former regime in 2004, currencies of new, and the concomitant difficulties of moving bags of flour by car and the emergence of large quantities of counterfeit ones, as well as the emergence of large quantities of the currency of origin (Swiss) and the resulting activity of the mediators and manipulators among the general public, banks and bribes that accompanied those processes .. (more…)
08/03/2012
Why after the lifting of zeros?
economic expert said that a number of things can be achieved thanks to the deletion of three zeros from the currency, noting that in the forefront of those positive things to be achieved after the implementation of the project is to increase the control of monetary authorities on the trends of the currency in Iraq during the performance of its functions in the management of liquidity, monitoring and supervision of the national currency.
and started the government to change the currency in 2004, before the trend the central bank to introduce a deletion of three zeros from the Iraqi dinar, a project expected to implement it early next year, according to Deputy Governor of the Central Bank.
After rising to significant levels
Markets witnessed the capital Baghdad and other provinces rises slightly in the price of food, clothing, household items, both attributed the observers reasons that rises to the expensive prices in the countries of origin on the one hand and to the uncontrollable price of the market, which is not subject to control and the laws of the competent authorities in Iraq, in the meantime confirmed Central Agency for Standardization and quality control high rates of inflation for the past month by 5 percent,
Which called for many professionals to warn of the consequences of continued high inflation indicators, which they said will contribute to the reduction of the growth processes as well as causing increased rates of poor and needy.
Baghdad, November 16 (Rn) – The Central Bank of Iraq on Wednesday that seeks to reduce the monetary mass of 25 trillion dinars to 15 billion dinars over the deletion of zeros to facilitate cash transactions in the financial markets and banks.
The appearance in favor of Bank vice-president, told the Kurdish news agency (Rn) that “Iraq today is dealing lump cash of $ 25 trillion Iraqi dinars, while the largest currency which does not exceed 25 thousand Iraqi dinars, and the purchasing power it does not exceed $ 23.” (more…)
The decision of the zeros of a broad debate between supporters and opponents .. We wish a broader debate in the universities and the Council of Representatives and the rest of the institutions … But an explanation of the picture, audio, and cardboard to create the public to this process. However, the phenomenon of health Valenqashat to mature opinion.
Especially with the availability of all information, such as money supply and the number of banknotes, exchange rates and others. When available the basic information of any file, the debate becomes positive, and not just rumors and controversies in the headlines of newspapers and news bar.
VietFinanceNews.com – Vietnam’s central bank will likely pump 300 trillion dong ($14.4 billion) into the economy from now until the end of the year and allow commercial banks to lend around 238 trillion dong, according to a state-run newspaper on Thursday that quoted the central bank.
The figures point towards an increased money supply and credit, but the newspaper Thanh Nien said neither would exceed the official targets of 15-16 percent and 20 percent respectively.
State Bank of Vietnam governor Nguyen Van Binh told bankers at a meeting on Wednesday that he expected annual credit growth to come in at 15-18 percent this year, the newspaper reported.
He adds that the trend is towards reducing the cash block to rein in inflation on the one hand and raise the value of the Iraqi dinar against foreign currencies from the other. – Mohammed Saleh, CBI
28/08/2011
Deputy Central Bank Governor Dr. .. The appearance of Mohammed Saleh, said that this draft resolution falls within the monetary policy of reform in order to reduce the money supply of hand and calculate the mass of the other.
Saleh explained that this project long term needs to be two or three years and needs a strategy and timing until the completion of the conviction to the project.
He suggested that this draft resolution was commissioned by the Economic Commission in 2007 and went on trading of more than 5 years., Diminishing fears Taatari some of the effects that may result from its application.
Implications of the draft central bank aimed to delete the three zeroes from the currency of national debate among economists on the one hand and questions of citizens on the other hand.
The deputy governor of the Central Bank of d. The appearance of Mohammed Saleh for “morning,” said the draft resolution falls within the monetary policy of reform in order to reduce the money supply of hand and calculate the mass of the other.
Saleh explained that this project long term needs to be two or three years and needs a strategy and timing until the completion of the conviction to the project. He suggested that this draft resolution was commissioned by the Economic Commission in 2007 and went on trading of more than 5 years.
VietFinanceNews.com – Monetary policies need to be further tightened. But they need to conform to the business development cycle with an aim to gradually revive macroeconomic stability, National Financial Supervisory Commission deputy chairman Dr. Le Xuan Nghia tells VIR.
The National Assembly’s Economic Committee recently submitted to the government a 10-point proposal to help restore the local monetary market and lower inflation. In your view, what more is needed to help achieve these goals?
VietFinanceNews.com – Vietnam will maintain a tight monetary policy in August after inflation accelerated for an 11th month in July, Nguyen Xuan Phuc, chairman of the government office, said at a briefing in Hanoi today.
Consumer prices jumped 22.16 percent from a year earlier, compared with June’s 20.82 percent pace, data released by the General Statistics Office yesterday show. That’s the highest inflation rate tracked by Bloomberg among 17 economies in Asia.
JUNE 22, 2011
VietFinanceNews.com – The central bank has increased its foreign exchange reserves due to an improving trend in the balance of payments and recent measures to support the local currency, Governor Nguyen Van Giau said.
It had not been easy to increase the reserves over the past few years because Vietnam’s overall balance of payments had a large deficit, he told a press briefing Friday. The deficit was estimated at US$4 billion in 2010, compared to $8.8 billion in 2009, he said.
“But this year the State Bank of Vietnam has forecast a surplus of around $1 billion,” he said.
VietFinanceNews.com – Curbing the decline of the dong has been a pressing policy concern. The analysis below offers some insights into policymaking that may prove useful for efforts to restore the stature of the dong.
Like it or not, the dong is closely tied with, if not pegged to, the greenback. This relationship is unavoidable since the U.S. dollar is often a currency of choice for Vietnam’s international transactions and a basis for quoting domestic prices. Notably, there is a constant effort to strike a balance between stability and flexibility in the value of the greenback and the dong. However, forex rate adjustments usually trail behind market forces and must conform to the Government’s subjective stance.
VietFinanceNews.com – The State Bank is battling what it views as one of the most dangerous problems facing the banking sector: dollarisation. In late March, the bank’s Circular 07/2011/TT-NHNN, made it tougher for local enterprises to borrow US dollars.
Replacing Decision 09/2008/QD-NHNN, the circular regulates that only exporters with adequate future dollar sources can borrow dollars from lenders. Meanwhile, enterprises borrowing dollars for use within the Vietnamese market should convert to the Vietnamese dong via a spot transaction upon borrowing.
