Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Central Bank decides to take the necessary measures to boost liquidity in the banking system and simplify the selling currency measures


yota691
 Share

Recommended Posts

 
Sunday January 25, 2015 16:18
 
 
NB-122906-635577887534657688.jpg
 
 
 
blank.png

 

Central Bank decides to take the necessary measures to boost liquidity in the banking system and simplify the selling currency measures

 

  • Upvote 10
Link to comment
Share on other sites

Here the rest of it from the same link above...


 

Alsumaria News / Baghdad
Iraqi Central Bank decided, Sunday, to take the necessary measures to boost liquidity in the banking system and simplify the sale of foreign currency procedures to facilitate the stability of the market and the exchange rate.

 

The central bank said in a statement received "Alsumaria News", "The House of the Iraqi Central Bank management discussed the extraordinary Directors held today, the financial situation in Iraq and the large budget deficit."
 

 

"The Council decided to take the necessary measures to boost liquidity in the banking system so as to enable it to perform its duties usual measures, and at the same time, the acquisition of government debt instruments so as to enhance sustainable development and job creation and prosperity."

 

He said the bank, that "The Council also decided to simplify the procedures for the sale of foreign currency (bank and cash) in order to facilitate the stability of the market and the exchange rate."

 

The Central Bank of Iraq confirmed in (January 18, 2015), that the bank reserves is one of the best reserves in the world, at a time pointed out that covers the currency and a half times, between the financial crisis that has plagued Iraq is resolved structuring the economy and diversify sources.
  • Upvote 9
Link to comment
Share on other sites

 
 

13415.jpg?width=400&height=300&crop=auto

Iraqi Central Bank building in central Baghdad Imaging (Mahmoud Raouf)

 

Author: ASJ, HH 
Editor: AR, HH 25/1/2015 16:52 Number of Views: 23 

 

 Long-Presse / Baghdad

Central Bank of Iraq, announced on Sunday, to take the necessary measures to boost liquidity in the banking system, while decided to facilitate the procedures for the sale of foreign currency "to sustain the exchange rate,"

The central bank said in a statement received (long-Presse) a copy of it, "The House of the Iraqi Central Bank administration to convene a special session on Sunday to discuss the financial situation in Iraq and decided to take the necessary measures to boost liquidity in the banking system so that it could carry out his duties usual measures."

The bank said that "these measures will enable us to acquire government debt instruments so as to enhance sustainable development and job creation and prosperity."

He pointed to the bank in his statement that he "decided to facilitate the sale of foreign currency in cash and transfer procedures in order to facilitate the perpetuation of the market and exchange rate stability."

The Central Bank of Iraq, had announced (18/01/2015), that the financial reserves of Iraq and a half times the equivalent of twice the money supply, they returned it was "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover the deficit financial, stressed the need to re-examine the structure of the budget and the tunnels and diversify sources of income and achieve investment more broadly to address the decline in oil prices.

The study estimated that the local government banks' capital reached until October of 2012, the last end, a total of 754 billion dinars, compared with more than four billion dinars for private banks, and investment balances in banks operating in Iraq recorded up to 10/31/2012, a sum nearly six billion dinars (5.947), the share of government banks which amounted to 4.929 billion, compared to 1.018 billion for private banks.

The Integrity Committee in the Iraqi Council of Representatives, has announced (18.01.2015), all near the issuance of judicial rulings against 16 banks waged on charges of forgery in the case of the Central Bank, confirmed the resolution of more than 3,000 private administrative and financial corruption case, as pointed out discussion how to develop specific criteria for tenders in the Municipality of Baghdad.   

  • Upvote 5
Link to comment
Share on other sites

Central Bank decides to support liquidity in the banking system

 
      Sunday   25   January   2015 | 17:01
 

NB-77035-635577914560651578.jpg

 
 

 

The most prominent in the news
 
 
 
 
Discuss the Board of the Central Bank, Sunday, the financial situation in Iraq and the large budget deficit after the drop in oil prices.
 

Qurtas News / Baghdad discussed the Board of the Central Bank, Sunday, the financial situation in Iraq and the wider deficit in the state budget after the drop in oil prices. A statement by the Board of Directors and received "Qurtas News", "The Council decided during its regular meeting, take the necessary measures to boost liquidity in the system measures banking to allow it to perform its functions normal, and at the same time, the acquisition of government debt instruments, so as to enhance sustainable development and job creation and prosperity. " He added that "The Council also decided to simplify the foreign currency sale transfer and cash procedures, including easy to sustain the stability of the market and the exchange rate."

  • Upvote 3
Link to comment
Share on other sites

The central bank to take measures to boost liquidity in the banking system

By Adminsa 1.25.2015 7:57 a.m. | Views: 56

Font Size: font_decrease.gif font_enlarge.gif
14-2882.jpg

Brother - Baghdad

Central Bank of Iraq, announced on Sunday, to take the necessary measures to boost liquidity in the banking system, while decided to facilitate the procedures for the sale of foreign currency "to sustain the exchange rate,"

The central bank said in a statement received for News Agency (et) a copy of it, "The House of the Iraqi Central Bank administration to convene a special session on Sunday to discuss the financial situation in Iraq and decided to take the necessary measures to boost liquidity measures in the banking system to allow it to perform its functions normal."

The bank added that "these measures will enable us to acquire government debt instruments so as to enhance sustainable development and job creation and prosperity."

He pointed to the bank in his statement that he "decided to facilitate the sale of foreign currency in cash and transfer procedures in order to facilitate the perpetuation of the market and exchange rate stability."

The Central Bank of Iraq, had announced (18/01/2015), that the financial reserves of Iraq and a half times the equivalent of twice the money supply, they returned it was "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover the deficit financial, stressed the need to re-examine the structure of the budget and spending and diversify sources of income and achieve investment more broadly to address the decline in oil prices.

 

The study estimated that the local government banks' capital reached until October of 2012, the last end, a total of 754 billion dinars, compared with more than four billion dinars for private banks, and investment balances in banks operating in Iraq recorded up to 10/31/2012, a sum nearly six billion dinars (5.947), the share of government banks which amounted to 4.929 billion, compared to 1.018 billion for private banks.

  • Upvote 4
Link to comment
Share on other sites

The Central Bank decides to take the necessary measures to support liquidity in the banking system and streamline the selling currency

 

Editor Mustafa Saad-Sunday 25 January 2015 16: 18

 

 

2476

 

 

 

Al-Jabouri: on the Central Bank to take a role in maintaining currency stability

Al-Jabouri: on the Central Bank to take a course in ...

| 24 September 2014 14: 47

| 2428 views

 

Magnet

Alsumaria news/Baghdad

The Iraqi Central Bank decided Sunday, to take the necessary measures to support liquidity in the banking system and simplify the procedures for selling foreign currency to stabilize the market and the exchange rate.

The Central Bank said in a statement received "alsumaria news", "the Central Bank's Board of Directors discussed the special meeting held today, the situation in Iraq and the deficit in the public budget."

> Central Bank money transfer companies allowed to participate in the auction currency

> CBE: haven't gotten to 100 billion dollar reserves because of failure to pass the budget

 

"The Council decided to take the necessary measures to support liquidity in the banking system to perform routine tasks, at the same time acquiring government debt instruments in promoting sustainable development, jobs and prosperity".

The Bank said that "the Council also decided to simplify the procedures for the sale of foreign currency (money order and cash) to stabilize the market and the exchange rate."

The CBI had confirmed, in (January 18, 2015), the Reserve Bank is one of the best reserves in the world, while he covers the currency by half, between the financial crisis afflicting Iraq are resolved to restructure the economy and diversification of sources.

 

 

THIS IS THE BING TRANSLATION - I WANT TO KNOW WHICH AL-JOBOURI THEY'RE TALKING ABOUT - HOPING IT'S NOT THE IDIOT THAT BROUGHT CHARGES AGAINST SHABS.

"stability" IS THE CATCH PHRASE HERE - SYNONYM = SUSTAIN - SUSTAIN MEANS , WELL WE KNOW WHAT IT MEANS.


OKAY HERE'S THE ALMADA ARTICLE, TRANSLATED VIA BING

 

 

 

The Central Bank will take "measures to support liquidity and facilitate the sale of foreign currency

 

Author: ASJ, HH
Editor: AR, HH
2015/01/25 16: 52
Hits: 209

 

Range press/Baghdad

The Iraqi Central Bank announced on Sunday, to take the necessary measures to support liquidity in the banking system, with the easier to sell foreign currency to "sustain exchange rate",

 

The Central Bank said in a statement received (range,) a copy, "the Central Bank's Board of Directors held a special meeting Sunday to discuss the situation in Iraq and decided to take the necessary measures to support liquidity in the banking system to perform normal functions".

 

The Bank said that "these measures enable us to acquire government debt instruments to promote sustainable development, jobs and prosperity".

 

The Bank said in its statement that it "decided to make it easier to sell foreign currency wire transfer and in cash to maintain the stability of the market and the exchange rate."

 

The Central Bank of Iraq, declared in (2015/01/18), that Iraq's financial reserve equivalent to one and a half times the mass of cash, returned as "the best" in the world, with the Iraqi financial institutions unable to cover the deficit, he stressed the need to review the structure of the budget, expenditure and income diversification and greater investment to address the decline in oil prices.

 

Local study estimated that the capital banks totaled until the end of October of last year, a total of 754 billion dinars, compared to more than four billion dinars private banks and investment stocks in banks in Iraq recorded until 31/10/2012, an amount approaching the six billion dinars (5.947), the share of State banks including 4 929 billion, compared with 1.018 billion to private banks.

 

The integrity Commission in Parliament, announced (1/18/2015), close-up court judgements against 16 private banks on charges of fraud in the case of the Central Bank, confirmed the resolution of more than 3000 cases of administrative and financial corruption, in the discussion of how to establish criteria for tenders in Baghdad.

 

 

WE JUST HAVE TO WAIT AND SEE ON THIS - MY FIRST THOUGHT IS THEY WANT TO STABILIZE THE MARKET/STREET RATE VS THE CBI SELL RATE

Edited by TBomb
  • Upvote 2
Link to comment
Share on other sites

January 25, 2015 Time: 21:14
Details for broadcasting
Economy / Finance and banks

Parliamentary Finance warns of prejudice to the central reserve

01/25/2015

Government in the House of Representatives Finance Committee warned of compromising the reserve currency of the central bank in order to avoid the economic crisis experienced by Iraq as a result of lower oil price.

A member of the committee MP Faleh applicable to Radio Free Iraq that "the Iraqi government to look for other alternatives away from sovereign reserve of the country," he was quoted as saying, "The CBI independent institution, not subject to the government, compromising his money will return Iraq to the pre-Fen and three phase, and manipulate the value of the Iraqi currency system. "

For its part, the Iraqi government and its spokesman Sabri Saad ruled out the possibility of resorting to the Iraqi Central Bank reserves. "The government did not put the idea of ​​borrowing from the central bank reserves in their accounts at this stage, but may resort to the Rafidain and Rasheed only," but he also said, "The government is counting on the high price of oil during the second half of this year to overcome the financial."

The economic expert Majid picture has stressed that "it is possible the central bank to contribute with the government to overcome the current financial crisis by participating in the economic development process."

The central bank's foreign currency reserves estimated at more than seventy billion dollars.


http://www.iraqhurr.org/content/article/26812427.html

Edited by TBomb
  • Upvote 2
Link to comment
Share on other sites

from  another read ,   that  yota  buddy has  brought in ,   this  sure looks like  the central bank  is about too get  the dinar  a   international  standing ,  with the  effects  of ,  give us dinar and we will give  back the  foreign currency ,   basically  sell back the  currency for theirs ,  { just  my thinking  }  ... with the  Egypt  deal , sell oil  too off set  the  I .o . u .  that  Iraq  has  been handed from the  war debts , and paris agreements ....    get international , get  a value  !    

  • Upvote 2
Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.