Central Bank reassures citizens: Reserve 70 billion dollars in Europe's banks

[amberamin]

Central Bank reassures citizens: Reserve 70 billion dollars in Europe's banks 

Abdel Basset Turki (Internet)

BAGHDAD - A New World 
Wednesday July 2, 2014

 

Abdel-Basit Turki, Governor of the Central Bank of Iraq, the power of the dinar and the precautions that supported despite the deteriorating situation in the country.

 

Said Turki, in the course of his participation and chaired by the Financial Action Task Force for the Middle East and North Africa to combat money laundering and terrorist financing in the capital Manama, said that "cash reserves in support of the Iraqi dinar is 70 billion dollars," pointing out that the central bank is able to support the exchange rate of the dinar, which is Currently 1200 dinars to the dollar but did not rule affected the exchange rate.

 

And CNN quoted U.S. for a Turkish saying that the dinar powered precautions and uncorrelated with any other currency and cash reserves able to support it.

He assured the Iraqis that such large reserves of state funds of the central bank is not in Iraq but in the states and other banks in Europe and other countries.

 

And influenced by the currency and the economy because of the attacks (Daash) said, "There is no doubt that the events of this size have an impact on the economy first and on the financial position and cash from the other, but the Iraqi state is able to get out of this crisis."

 

And on money laundering in Iraq and the region by virtue chaired this group reported that "Iraq and the GCC in particular and the Arab countries and the Middle East generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged to be world-class and this is what we need now."

He pointed out that Iraq has strong relationships and direct in this context, with the Central Bank of Abu Dhabi and medical relationships with Bank of Abu Dhabi (NBAD) and we started to get ready for cooperation and coordination with the GCC countries in this area.

http://translate.google.com/translate?hl=en&sl=ar&u=http://al-aalem.com/7223-%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583%2520%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A%2520%25D9%258A%25D8%25B7%25D9%2585%25D8%25A6%25D9%2586%2520%25D8%25A7%25D9%2584%25D9%2585%25D9%2588%25D8%25A7%25D8%25B7%25D9%2586%25D9%258A%25D9%2586:%2520%25D8%25A7%25D9%2584%25D8%25A7%25D8%25AD%25D8%25AA%25D9%258A%25D8%25A7%25D8%25B7%25D9%258A%252070%2520%25D9%2585%25D9%2584%25D9%258A%25D8%25A7%25D8%25B1%2520%25D8%25AF%25D9%2588%25D9%2584%25D8%25A7%25D8%25B1%2520%25D9%2581%25D9%258A%2520%25D8%25A8%25D9%2586%25D9%2588%25D9%2583%2520%25D8%25A3%25D9%2588%25D8%25B1%25D9%2588%25D8%25A8%25D8%25A7.html&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25A8%25D8%25A7%25D8%25B3%25D8%25B7%2B%25D8%25AA%25D8%25B1%25D9%2583%25D9%258A%26lr%3D%26hl%3Den%26tbs%3Dqdr:d

[sandfly]

THANKS

[yota691]

Thursday, July 3rd, 2014 12:26

Central Bank Governor: the country needs to work doubly to stop money laundering

•  

 

 

 

BAGHDAD / Baghdadi News .. The Governor of Central Bank of Iraq, on Thursday, said the strength of the Iraqi dinar and the precautions that support has not been affected despite the recent situation in Iraq, noting that the country needs to work doubly to stop money laundering.

 

Said Abdul Basit Turki said in an interview during his participation and chaired by the FATF for the Middle East and North Africa to combat money laundering and terrorism financing in Bahrain and I followed / Baghdadi News / "The cash reserve supporter of the Iraqi dinar is 70 billion dollars and the central bank is able to support the exchange rate of the dinar which currently stands at 1200 dinars to the dollar but did not rule affected the exchange rate. "

He pointed out that "the Iraqi dinar powered reserves and is pegged to any other currency and that cash reserves are able to support," assured "Iraqis that those large reserves of state funds of the central bank is not in Iraq but in the states and other banks in Europe and other countries."

And influenced by the currency and the economy because of the security situation, said, "There is no doubt that the latest of this size have an impact on the economy first and on the financial position and cash the other hand, the Iraqi state, but able to get out of this crisis."

And money laundering in Iraq and in the region by virtue chaired this group pointed out that "Iraq and the GCC countries, especially the Arab countries and Middle Eastern generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged for not world class and this is what we need now." Ended / 21

 

[MyLadiesDaddy]

And that's supposed to make the citizens feel good, "HOW".

[amberamin]

yeah

[Laid Back]

Turki, increase the exchange rate. You have enough reserves.

[amberamin]

 

 

 

Dinar defies the current situation

 

      Friday   04   July   2014 | 19:55

 

 

 

 

The most prominent in the news

 

 

 

 

Powered dinar reserves and is tied in any currency other

 

 

 

 

Also located in:

 

 

 

 

Economy  

 

 

 

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He assured the governor of the Central Bank of Abdel Basset Turki said the power of the dinar and the precautions that support has not been affected despite the security situation in the country. 
And detect Turkish in during his participation and chaired by the Financial Action Task Force for the Middle East and North Africa to combat money laundering and the financing of terrorism in the Bahraini capital, Manama, that the cash reserves in support of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars per dollar but did not rule affected by the exchange rate. 
He pointed out that the dinar reserves and non-powered pegged to any currency and other cash reserves able to support it. And influenced by the currency and the economy because of the military attack militant groups in Iraq, said: "There is no doubt that the latest of this size have an impact on the economy first and on the financial position and cash the other hand, the Iraqi state, but able to get out of this crisis."

http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.alqurtasnews.com/news-category/7/%25D8%25A5%25D9%2582%25D8%25AA%25D8%25B5%25D8%25A7%25D8%25AF

[bigwave]

 

Central Bank reassures citizens: Reserve 70 billion dollars in Europe's banks 

Abdel Basset Turki (Internet)

BAGHDAD - A New World 

Wednesday July 2, 2014

 

Abdel-Basit Turki, Governor of the Central Bank of Iraq, the power of the dinar and the precautions that supported despite the deteriorating situation in the country.

 

Said Turki, in the course of his participation and chaired by the Financial Action Task Force for the Middle East and North Africa to combat money laundering and terrorist financing in the capital Manama, said that "cash reserves in support of the Iraqi dinar is 70 billion dollars," pointing out that the central bank is able to support the exchange rate of the dinar, which is Currently 1200 dinars to the dollar but did not rule affected the exchange rate.

 

And CNN quoted U.S. for a Turkish saying that the dinar powered precautions and uncorrelated with any other currency and cash reserves able to support it.

He assured the Iraqis that such large reserves of state funds of the central bank is not in Iraq but in the states and other banks in Europe and other countries.

 

And influenced by the currency and the economy because of the attacks (Daash) said, "There is no doubt that the events of this size have an impact on the economy first and on the financial position and cash from the other, but the Iraqi state is able to get out of this crisis."

 

And on money laundering in Iraq and the region by virtue chaired this group reported that "Iraq and the GCC in particular and the Arab countries and the Middle East generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged to be world-class and this is what we need now."

He pointed out that Iraq has strong relationships and direct in this context, with the Central Bank of Abu Dhabi and medical relationships with Bank of Abu Dhabi (NBAD) and we started to get ready for cooperation and coordination with the GCC countries in this area.

 

"He pointed out that Iraq has strong relationships and direct in this context, with the Central Bank of Abu Dhabi and medical relationships with Bank of Abu Dhabi (NBAD) and we started to get ready for cooperation and coordination with the GCC countries in this area."

The following are "GCC" countries with their exchange rates:

 

Bahrain Riyal 1 BHD = 2.6523 USD

 

Kuwait dinar 1 KWD = 3.5455 USD

 

Oman Riyal 1 OMR = 2.5972 USD

 

Qatar Riyal 1 QAR = 0.2747 USD

 

Saudi Arabia (Ksa) Riyal 1 SAR = 0.2667 USD

 

UAE dirham AED 1 AED = 0.2722

 

http://www.oanda.com/currency/converter/

 

The average of all the currencies is $1.60.

 

If Iraq wants to join the group perhaps they will upgrade their rate along the way.

 

 

Will Iraq be more like the top three or bottom three?

 

Also good read on the GCC countries at:

 

http://www.dubaifaqs.com/list-of-gcc-countries.php

[RicknSaudi]

70b is enough for me. What about the rest of my friends out there??? BWAAHAHAAA.