dinareffic

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  1. The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country 2017/03/09 | 14:02 Economy News , Baghdad. Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development strategy in Iraq 2014 2030 requirements. The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri , an economist and banking and a number of economists and bankers. And Dr. appearance of Mohammed Saleh during the seminar on how to implement the economic strategy and its application on the ground, adding that the private sector is the backbone of the Iraqi economy and that 6 millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private sectors in order to create a large market. He said Saleh, the Central Bank 's role in saving the country from the financial crisis through the development of fiscal policy uncle of the federal budget, and noted that 70 of the internal and external debt is under control. For his part , economist and banker Samir Nasiri said that the reason for the lack of implementation of the economic strategy to visualize the lack of a clear implementation, stressing that there are significant challenges facing the banking sector in Iraq after the financial and security crisis in the country. He said that should the private banking sector support through the control of the parallel market of Babavin, brokers and banking companies because they are the main reason for the rise in foreign currency rates and the development of laws by selling the currency window.
  2. God I love this guy. When this is all said and done, give this guy the Nobel Peace prize.
  3. I'm not the brightest bulb, but to me this spells auctions end and you know what begins
  4. Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system Date: 11:36 2017/02/27 Information / Baghdad .. Economic Adviser to the Prime Minister counting the appearance of Mohammed Saleh, Sunday, cancellation of foreign exchange control department of the Central Bank of Iraq as a "need" a new political system based on a market economy, pointing out that the creation of the Department of laundering money for the alternative would be for them. Saleh said in a statement / information /, that "a number of academics believe that the abolition of foreign exchange control department at the central bank are the reason behind the smuggling of hard currency and this is rightly believe". He added that "totalitarian regimes based foreign exchange control departments in the monetary policy so as to restrict the movement of funds, either in the democratic systems that rely policy of market economy, it gives freedom of movement of money and after that the change that took place after 2003 from a socialist system to a market economy has to be for Iraq to free account the current account balance of payments, especially after he signed the resolution 1483, which comes to dealing with international organizations. " Saleh pointed out that "Iraq passed the law (56) for the year 2004 relates to full liberalization of the balance of payments and thus became the foreign exchange control department is illegal and therefore issued a law to establish anti-corruption department twirl 93 of 2004 and amended by Law 39 for the year 2015 and this circuit has become a substitute for foreign exchange control department ". It is said that economists believe that the most dangerous steps approved by the US civil administrator in Iraq Paul Bremer towards monetary policy in Iraq cancel foreign exchange control department. Finished / 25 m http://almaalomah.info/2017/02/27/economic/134438
  5. Me too please. I bought lots of stock in ISX through Warka and I cant even get logged into my account
  6. Direction Press / follow-up Parliamentary Finance Committee unveiled Tuesday by the Central Bank of Iraq's intention to pump additional amounts of dollar in local markets to lower dollar prices, noting that the bank will announce a new mechanism for the disbursement of the dollar through its ports to prevent speculation. He said committee member Ahmed Sarhan Sarhan said in a statement, said that "the Iraqi Central Bank intends to inject additional funds from the dollar in the domestic market to prevent the rising dollar prices." "The high dollar prices in front of the Iraqi dinar exchange does not serve the economic and commercial interests and the control authorities to prevent the rise in any way possible." Sarhan said that "the Bank will announce a new mechanism for the disbursement of the dollar through its ports to prevent speculation and dollar exchange to those who deserve it all," noting that "these steps will return dollar prices as they were in the past and demonstrate the exchange rate against the dinar in the coming days." http://aletejahtv.org/permalink/151976.html
  7. Thanks Yota. Morning coffee tastes extra smooth with this news.
  8. The timing of this is no coincidence. This is all unfolding before our eyes. Grab your popcorn and enjoy the show. The ending will be worth every dinar we own.
  9. There are so many articles that mention that liberation of Mosul is what we are waiting for. All of the banking articles are showing us that they are getting everything in place for international observance(Swift,IBAN). It's coming folks. I've owned my dinar since 2006 and have never seen action like this.
  10. Raising the Iraqi dinar to the forefront again. Version:-International paper Monday, February 20, 2017 (00:0-GMT) Some Iraqi Government economists raising the dinar against the dollar until rising purchasing power and increasing confidence as a rule Iraq, as demanded by the need to stop «dollarization» economy by preventing deal internally and make local transactions are limited to use of the Iraqi dinar only. It must be noted that 70 percent of currency in circulation was covered in gold and foreign currencies until 1981, the remaining Iraqi Government bonds (currency code), and then Iraq was leftover gold base system. In order to maintain the cover, successive Governments have been linking financial policy, especially current and investment expenditure, the balance of payments situation, and the latter was determined by the Government's revenue from oil exports. And to make this link administrative restrictions applied to both external conversion, trade in goods and services and the movement of capital. Thus followed the conservative monetary and fiscal policies that kept the stability of the Iraqi dinar is installed by the Central Bank at 3.2 dollars to the dinar. I shall abide by the lid easily dinar monetary authority in the exercise of their duties where he fomented maintain a stable currency, but it achieved at the expense of economic development that is not spending enough fear that increased spending on the stability of the currency. But during the Iran-Iraq war, which caused huge Iraq reserves faded of foreign currency, the Government abandoned the currency Act and Ina started spending on war without quantitative restrictions, what caused a continuous decline in the exchange rate of the dinar against the dollar and other major currencies, because of the increasing gap between the supply and demand of Iraqi currency. And increased economic embargo imposed on Iraq in 1991 it worse. Despite the Government's adherence to the official exchange rate (3.2 dollars) for official transactions, resulted from continued growing imbalance between volume of currency in circulation and demand another rate for the dinar is parallel or black market, market price, sometimes to 4000 dinars to the dollar. After the occupation of Iraq in 2003 and the lifting of the ban on oil exports and reserves of foreign currency deposits abroad and the Central Bank to regulate the daily auctions to sell the dollar, which means withdrawing local currency Iraqi dinar, began to rise gradually until reaching 1200 dinars to the dollar, and stayed on that rate. And lose the Iraq-Iran war and economic embargo then many Iraqi dinar as a store of value and as a means of circulation, causing most transactions inside especially internal trade in goods and services, to the dollar, it was «dollarization» Iraqi economy. From this background about how to change the dinar over the past 36 years, and how it was «dollarization» economy, it is time to discuss what some economists ask now when claiming lift dinar and stopping «dollarization». For more than four years, officials in Iraq talking about monetary reform project from which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equal to 1.2 dinars to the dollar instead of 1200. But the move was postponed to a later date because some Iraqi areas Government control after the occupation «ISIS». Then she began military operations to recover these areas that still lingers. The Government is expected to return to the project after the end of military operations. If the monetary reform is successful, there is no longer need to use the dollar in domestic transactions. The latter happened after he became a tough daily transactions with the arrival of thousands of dinars per dollar, making individuals resort to deal in dollars instead of dinar, especially in large transactions in hoarding currency. So you cannot cancel «dollarization» Iraqi economy by administrative decision or by administrative orders of the Monetary Authority but gradually phenomenon disappear with the disappearance of the reasons for it, after it is monetary reform referred to above, that the dinar will then by trading easy and valuable storage eliminates the use of the dollar. But the monetary reform as stated above does not mean new official exchange rate of the dinar against the dollar. If the shadow exchange rate floating as it is currently, it may rise or fall according to the relationship between supply and demand for dinars, higher offer for stability or dinar decreased demand, exchange rate declines in the dollar. And if the opposite view dinar for settlement or high demand. The Monetary Authority may to install new exchange rate with the dollar or a basket of currencies. But in any case it is not advised to adopt a high exchange rate, it does not give effect to the economy or raise the value of national sovereignty as some believe, but negative effects on the economy. The former Iraqi dinar ($ 3.2) was exaggerated and will continue to be exaggerated if you return in the future. It will make imports cheaper but hinders the improvement of production and export capacity of Iraq, the price may be 1.2 dinars to the dollar or dinar against the dollar is the right price. But the Government fiscal and monetary policies to help maintain it. It can be said that the invitations that we hear today by raising the dinar and cancel «dollarization» economics are not right for first or cannot meet before the monetary reform for second. http://www.alhayat.com/Opinion/Writers/20261216/%D8%B1%D9%81%D8%B9-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D9%88%D8%A7%D8%AC%D9%87%D8%A9-%D9%85%D8%AC%D8%AF%D8%AF%D8%A7%D9%8B
  11. I truly believe the liberation of Mosul is the catapult of the thing we have been waiting for
  12. Chalabi calls on reviving the local market Keywords Iraqi currency after the liberation of the left coast of the connector 12/2/2017 12/2/2017 He appealed to the former deputy governor of the Central Bank of Osama Ibrahim Chalabi, the current governor of the central bank on the local market Keywords reviving the Iraqi currency after the liberation of the left coast of the city of Mosul. The Chalabi said in a statement that this stage requires recovery of the economic and financial situation after the looting of the organization Daesh terrorist is among the citizens of cash and seized local and foreign cash balances of government and private banks, calling the Iraqi Central Bank to take exceptional and unconventional measures is to open headquarters alternative to the central bank on the left side editor the lending government and private banks with the necessary cash to meet the local need as well as directing specialist banks Kalmsrv real estate and the agricultural Bank to take its role in such circumstances to deal with money looted by the terrorist organization legally in order to maintain the return to normal, according to the statement. http://altaghier.tv/2017/02/12/الجلبي-يناشد-العلاق-بإنعاش-السوق-المح/
  13. Thank you for the info. I will try this
  14. That is great news about Warka, now if I could just log into my account, that would be great. have had password issues that Warka doesn't seem in a hurry to fix
  15. Took advantage of your latest discount on Platinum. Thanks Adam. It feels good to be Platinum VIP now. Been dinar owner since 2005 and what is currently happening before our eyes the real deal. Different from previous year ends. So many disappointing January 1st's.