Central bank: dollar exchange rate is stable and we expect to sell control of the

[yota691]

 

 

U.S. dollar

Central bank: dollar exchange rate is stable and we expect to sell control of the

 

Author: ASJ, HA, HH 
Editor: HA, HH 28/5/2015 eleven forty-seven a.m. number of readings: 324 

 

Long-Presse / Baghdad

Denied the Iraqi Central Bank, on Thursday, there is fluctuation in the price of dollar remittances, and pointed out that there is a lack of stability in the cash dollar exchange rate, and with reason attributed to the increased demand for it, anticipate the success of its procedures in order to control the sale.

He said the central bank's management board member Majid picture in an interview with the (long-Presse), said that "the existing volatility in the cash price of the dollar due to the reason demand for the dollar either from the public or traders," stressing "the absence of any fluctuation in the price of remittances."

Suri said that "the Bank and for the control of cash sales, has taken a number of decisions, including increased sales of US dollars in cash to cover the demand for the dollar and for the alleviation of oscillations in the present time," expected "the success of these measures during the next term."

Suri and pointed out that "by securing demand any When you are equality between supply and demand, prices will stabilize and practically cover the demand," but he also said, "but we do not hide that there might be other factors play a role in the instability of the cash dollar exchange global Kalzerov price political and security conditions. "

The Central Bank of Iraq, on Tuesday (19 May 2015), the launch of a trillion dinars for private banks to finance small and medium enterprises loans, and increase the share of dollar sales for banking companies and foreign transfers, and the development of measures to to address the lack of liquidity in some banks.

The Central Bank of Iraq, revealed in (the 19th of March 2015), the presence of a number of private banks lagging in its work during the last term, while attributing it to non-payment of dues of contractors and clients as a result of "lack of liquidity", vowed to dealers funds with banks Civil lagging through the legal reserve.

 

[gregp]

Fill them banks with deenars. I'm all for it. Thanks.

[yota691]

Association of Banks: motionless banker active in the next phase

 

Private Bankers Association logo

 

 

Author: af Editor: sz reporter: ay

Number of Views: 68

 

05/28/2015 11:48

 

Tomorrow Press / Baghdad: Confirmed the Iraqi private banks association, Thursday, that mobility banker active will be in the next stage because of recent measures of the Central Bank. The head of the Association of Banks and Wadih bitter melon for "tomorrow Press," that "the government and central bank functions provide the necessary support for banks Private civil especially with weak cash flow, and the recent actions of the Central Bank grants loans to banks and strengthen the banks experiencing financial problems will be reflected positively it. " He added that "such actions would cause mobility banking flexible and active during the next phase," pointing out that "it mobility will be dependent on the activation of these measures and their continuation. " The Central Bank of Iraq, Tuesday, (May 19 the current 2015), launch trillion dinars for private banks to finance small and medium enterprises loans, and increase the share of dollar sales for banking companies and foreign transfers, and the development of measures to to address the lack of liquidity in some banks.

[sandfly]

NEXT TERM SOON THANKS

[yota691]

Experts: community banks vulnerable to bankruptcy and the government support

 By: Wab1
on: Tuesday 05/26/2015 20:22

 

 

Baghdad news / Baghdad 
invited a number of experts and specialists in the financial and economic affairs, to the need to support local banks, especially those suffering from financial scarcity, noting that there are a large number of banks threatened with bankruptcy because they do not possess sufficient cash flow, as called for activating the investment side in the banking industry for the advancement of the national economy. " says Executive Director of the Association of private banks Abdul Aziz Hassoun, said the government and the Central Bank, demanding to provide the necessary support to domestic banks own, especially with weak cash flow, rather than take deterrent punitive measures right, pointing out that the support of those banks means the development process support in the country on the grounds that local banks will contribute to the financing of investment projects and the launch of soft loans. " He said Hassoun in a press statement, that "the necessary urgent to pass a new law for the banks working on the development and support of local banks and the fact that the current law hinders the opening up of local banks process the World, "stressing" the importance of promoting banking twinning between local and international banks to create a major development banks able to finance giant in the country projects, and thus we could be integrated and sophisticated banking system in the country. " The banking expert Mohsen Ali warned the exposure of a large number of banks local financial bankruptcy in the case not to consider it by the central bank and lend a helping hand to them, noting that there are big names of banks known threatened with bankruptcy and closure because they suffer from a financial shortage in assets. " Ali said in a press statement, the government and the central bank, demanding the encouragement citizens in dealing with local banks through bid farewell to their money and by certain dividends to save those banks, as well as encourage those banks to open new projects to lend citizens in various projects to accelerate development. " For his part, member of the Committee of Economy and Investment parliamentary Ahmed Salim, said banks civil suffer from financial shortages and the government support. " Salim said in a press statement, he said that "there are several doors that can open in front of the Iraqi economy, including investment door, in addition to the modifying Law No. 13 to bring in capital," adding that "what is going through the country is directly linked with the economy and has a negative impact what makes the market in a constant state of stagnation. " He said that "to deal with the market situation at the moment has to be that the government with the support of private banks amounts of loans from the central bank according to the standards and controls," noting that "most of the banks scarcity of funds suffer because of lack of money in the market trading properly to the scarcity of the currency and this is reflected on and traders in general private sector. " He added that "the country is in crisis, security in light of the economic crisis and there are many reforms on the side of the economic sector of Iraq, including opening the doors to global banks and the exchange of bonds by private banks and partners in this aspect and all that enters in the revitalization of the Iraqi economy factors. " He noted that the "Committee for the economy in Parliament has a lot of reforms in the Iraqi economy, but it must be the stability of the security situation." it intends to Iraq's request for emergency funding worth 400 million dollars to 700 million dollars from the International Monetary Fund, while the government made ​​a decision to issue government bonds worth $ 5 billion, and it continues to negotiate on their own terms. " pass the country in a state of fiscal austerity and a crisis in the provision of cash called on the government to think and study in the extension period payment of employees' salaries to forty days instead of a month and the imposition of numerous taxes to cover the deficit in the budget. " testifies Iraq and many countries in the world economic crisis, as a result of falling oil prices, the global stock market, below $ 48 per barrel, after it was $ 110. "

[Laid Back]

Dollarize...RV...De-dollarize

[Officiallytook]

Just hurry up...

[Candy01]

A-FRICKING AMEN, Officiallytook!

 

:bravo: