yota691 Posted July 16, 2017 Report Share Posted July 16, 2017 Central Bank announces maintain its independence after foreign control over the price of the dollar Director General of Financial Operations at the Central Bank, Mahmoud Dagher "Internets" Economy News Baghdad: The Director General of Financial Operations at the Central Bank, Mahmoud Dagher, Sunday, the central bank maintained its independence through external control over the price of the dollar and install it at one level. Said Dagher in an interview I followed "Economy News", "the central bank maintained its external independence through his control over the price of the dollar and install it at one level," adding that "the central bank's budget represents the balance of the monetary base, which local has become assets of the credit is equal to or greater than assets foreign and this is threatening the ability to extra lending. " Dagher warned "there is a significant threat to the monetary reality is foreign assets that represent the original in the creation of assets and reserves dinar," noting that "local assets has become a big pressure should stop because the central device towards them is unable to continuity." Among Dagher that "the solution is to reform the reality of the border crossing points, which the government stopped shining in its implementation, because the border port settings means adjust the currency and information selling and financing import window," adding that "the investment budget stalled three years ago, the inability of ministries to provide investment projects level the feasibility study for the benefit of foreign loans because of the lack of institutional controls in the country. " Views 284 Date Added 16/07/2017 6 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 16, 2017 Author Report Share Posted July 16, 2017 16-07-2017 12:21 PM Central seeks to achieve a balance between the sale of the dollar and keep it The governor of the central bank, on Sunday, the bank aims to achieve a balance between the sale of the dollar and keep it, indicating that the balance is a margin of speculation and big profits. Ali said the Keywords, the 'Bank seeks to achieve a balance between the sale of the dollar and keep it', indicating that the 'balance in the foreign currency enough as it gets in previous years there is no margin of room for speculation and big profits. " He added that "Iraq is passing through exceptional circumstances due to lower oil prices dramatically, making the central bank 's policy in front of two choices : either to respond to the dollar in order to cancel the margins and this would be at the expense of the reduction of foreign currency reserves or Nguenn sale process and accept a margin of appreciation of the exchange rate ', stressing that ' the Bank seeks to balance the goals'. 8 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 16, 2017 Author Report Share Posted July 16, 2017 Central Bank Governor: We seek to achieve a balance between the sale of the dollar and keep it Sunday July 16, 2017 11:19 Alsumaria News / Baghdad , said the central bank governor, Sunday, the bank aims to achieve a balance between the sale of the dollar and keep it, indicating that the balance is a margin of speculation and big profits. He said Ali Keywords in an interview with Alsumaria's News, said that " the bank seeks to achieve a balance between the sale of the dollar and keep it , " noting that " the balance of the foreign currency enough as it gets in previous years there is no margin of room for speculation and big profits." He added Keywords that " Iraq is going through exceptional circumstances due to lower oil prices dramatically, making the central bank 's policy in front of two choices : either to respond to the dollar in order to cancel the margins and this would be at the expense of the reduction of foreign currency reserves or Nguenn sale process and accept a margin of appreciation of the exchange rate , " he " the Bank seeks to balance between the two objectives." And established the Central Bank of Iraq is an independent bank under the law issued on the sixth of March 2004, an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, and supervises 10 commercial banks and 26 banks waged and 16 Islamic banks, in addition to 19 foreign banks, as well as 6 financial institutions and 31 companies for financial conversion. 6 Quote Link to comment Share on other sites More sharing options...
Flamtap Posted July 16, 2017 Report Share Posted July 16, 2017 11 minutes ago, yota691 said: indicating that the balance is a margin of speculation and big profits. Make speculation disappear and give me big profits! 5 Quote Link to comment Share on other sites More sharing options...
gregp Posted July 16, 2017 Report Share Posted July 16, 2017 13 minutes ago, yota691 said: Sunday July 16, 2017 11:19 the Bank seeks to balance between the two objectives." I'm taking this as increasing the rate and adding a substantial spread. What about you, Yota??? 4 Quote Link to comment Share on other sites More sharing options...
Popular Post yota691 Posted July 16, 2017 Author Popular Post Report Share Posted July 16, 2017 6 minutes ago, gregp said: I'm taking this as increasing the rate and adding a substantial spread. It does say appreciation which means increase in monetary value. 26 Quote Link to comment Share on other sites More sharing options...
Floridian Posted July 16, 2017 Report Share Posted July 16, 2017 ".....and accept a margin of appreciation of the exchange rate,....." I think you guys are right. With so much talk of RV these days, this could be it. 8 Quote Link to comment Share on other sites More sharing options...
justchecking123 Posted July 16, 2017 Report Share Posted July 16, 2017 Almost "too good "info. Even a pragmatic guy like me was like..."What did he just say?" :0 I fully expect some negative news for a bit, not economically but more...denial of this by Saleh, etc. if indeed they are planning on raising the value. The run on the currency would make the dinar bullish before it changes...people THEN get in and it (the strength) wouldn't hold. It would have to start low on the forex...Rothchild still holds the cards...market makers gotta get paid. 7 Quote Link to comment Share on other sites More sharing options...
davis411 Posted July 16, 2017 Report Share Posted July 16, 2017 34 minutes ago, Flamtap said: Make speculation disappear and give me big profits! I like profit talk makes me frisky 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 16, 2017 Author Report Share Posted July 16, 2017 Central Bank: our control on the price of the dollar confirms the external of our independence Number of readers: 80 Central Bank: our control on the price of the dollar confirms the external of our independence 16-07-2017 02:42 PM Euphrates - The Director General of Financial Operations at the Central Bank, Mahmoud Dagher, on Sunday, the central bank maintained its independence through external control over the price of the dollar and install it at one level. He said Dagher The 'central bank maintained its external independence through his control over the price of the dollar and install it at one level', adding that ' the central bank 's budget represents the balance of the monetary base , which local has become assets of the credit is equal to or greater than foreign assets , and this is threatening the ability to extra lending '. He warned Dagher 'of the existence of a significant threat to the monetary reality is foreign assets that represent the original in the creation of assets and reserves dinar', noting that 'local assets has become a big pressure should stop because the central device towards them is unable to continuity'. Among Dagher that the 'solution is to reform the reality of the border crossing points , which the government stopped shining in its implementation, because the border port settings means adjust the currency and information selling and financing import window', pointing out that the 'investment budget stalled three years ago , the inability of ministries to provide investment projects level the feasibility study for the benefit of foreign loans because of the lack of institutional controls in the country '. 12 Quote Link to comment Share on other sites More sharing options...
Floridian Posted July 16, 2017 Report Share Posted July 16, 2017 Thanks, Yota. It looks like this is happening right in front of our faces. (At last!) ".....border port settings means adjust the currency and information selling and financing import window',"..... 3 Quote Link to comment Share on other sites More sharing options...
sandfly Posted July 16, 2017 Report Share Posted July 16, 2017 thanks yota 2 Quote Link to comment Share on other sites More sharing options...
jg1 Posted July 16, 2017 Report Share Posted July 16, 2017 Bump. 2 Quote Link to comment Share on other sites More sharing options...
copper13 Posted July 16, 2017 Report Share Posted July 16, 2017 Sounds like CBI just let the cat out out of the bag! I would think CBI would have to make the changes quickly? Off to the Sea of RV!!! 8 Quote Link to comment Share on other sites More sharing options...
gregp Posted July 16, 2017 Report Share Posted July 16, 2017 Thanks, Yota. Delta called it. Maybe he could be correct. Fixing to pay off a house. 4 1 Quote Link to comment Share on other sites More sharing options...
Floridian Posted July 16, 2017 Report Share Posted July 16, 2017 Besides Delta, Randy Koonce said RV within 10 days, as did a lot of other "Gurus" whose names are familiar. After reading the above articles, I get the feeling that Iraq is not going to make a big deal of it. No huge announcements or anything like that. They may just change the rate without fanfare. 4 1 Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted July 16, 2017 Report Share Posted July 16, 2017 No float it sounds like. Appreciate and stabilize....sounds good to me. When is the million dollar question, when? 7 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted July 16, 2017 Report Share Posted July 16, 2017 Thx Bro Yo' - Here's A Highlighted One ... (by don961) Keywords: Central Bank seeks to balance between two goals 2017/07/16 15:22 The Governor of the Central Bank of the Bank's endeavor to achieve a balance between the sale of the dollar and maintain it, indicating that the balance away from the margin of speculation and achieve large profits. Ali Al-Alak said that "the bank seeks to balance the sale of the dollar and maintain it," noting that "the balance in foreign currency is sufficient as it was in previous years there is no margin and area of speculation and achieve large profits "Iraq is going through extraordinary circumstances because of the drop in oil prices significantly, which makes the central bank's policy to two options either to respond to the dollar to eliminate the margins and this will be at the expense of reducing the reserves of foreign currency or sell the sale and accept the margin of exchange rate rise, "The bank seeks to balance the two goals." The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies. http://iraqtoday.com/ar/news/12407/link July 16, 2017 The participation of His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail at a meeting of the Institute for Development Policy Progress His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail Keywords participated in the meeting organized by the progress of the Development Policy Institute on Saturday, July 15, 2017 with a number of general managers gentlemen in the bank and a group of specialists in the financial and economic affairs. He addressed the sovereignty of different matters related to the affairs of the banking and also the financial situation of the country, indicating in the midst of modern through the problems facing the balance of payments session especially the deficit in the budget year 2017, which leads to the instability of the state budget because the size of the dependence on the money that comes from abroad is higher than the money come from the inside. The governor explained that the shortfall in the balance of payments will put pressure on the central bank because the country today is unable to foreign currency entry along with the money that the intervention of oil, noting that "the balance of payments deficit means that the country is unable to attract investors, tourists and others. https://cbi.iq/news/view/296 5 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted July 16, 2017 Report Share Posted July 16, 2017 1 minute ago, DinarThug said: Keywords: Central Bank seeks to balance between two goals 35 minutes ago, sandfly said: thanks yota SandFly Seeks To Balance Between Articles Posted And 'Thanking' Them ! 8 Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted July 16, 2017 Report Share Posted July 16, 2017 Thanks Thugs and Yota Now after Thugs article I'm confused....it sounds like they are going to float....****, I don't understand translation. 2 Quote Link to comment Share on other sites More sharing options...
Scott McD Posted July 16, 2017 Report Share Posted July 16, 2017 CBI needs to make the change asap....Talk like this will open the flood gates for potentially large speculative Dinar purchases...I doubt this is what the CBI would want. They need to get a wiggle on!!! Go RV!!! 6 Quote Link to comment Share on other sites More sharing options...
outlawclg Posted July 16, 2017 Report Share Posted July 16, 2017 No way the CBI is saying we are going to raise the exchange rate.... They can't telegraph it, unless it is SOON. I hope it is, but my aribish is still poor. 3 Quote Link to comment Share on other sites More sharing options...
Floridian Posted July 16, 2017 Report Share Posted July 16, 2017 Am I correct in thinking the banks are closed in Iraq today? I seem to remember reading that. If so, maybe they will RV when they open tomorrow. 4 1 Quote Link to comment Share on other sites More sharing options...
Texstorm Posted July 16, 2017 Report Share Posted July 16, 2017 Thanks Yota & DT ! The whole world knows that Iraq must assert it's Independence through monetary reforms. There is only one way to break free ! They cannot continue their current path much longer and they can't LOP out ! We are are in prime time according to the IMF which has stated in their studies that it takes about 15 years for a war torn nation to recover ! We are here ! GO IRAQ ! 11 Quote Link to comment Share on other sites More sharing options...
drj Posted July 16, 2017 Report Share Posted July 16, 2017 1 hour ago, yota691 said: It does say appreciation which means increase in monetary value. That's it, Baby! Good Morning and many thanks, Yota! 8 Quote Link to comment Share on other sites More sharing options...
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