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Central Bank Governor: We seek to achieve a balance between the sale of the dollar and keep it


yota691
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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

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16-07-2017 12:21 PM
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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'.

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  • yota691 changed the title to Central Bank Governor: We seek to achieve a balance between the sale of the dollar and keep it
 
Sunday July 16, 2017 11:19

 

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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.
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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???

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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.

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Central Bank: our control on the price of the dollar confirms the external of our independence

Number of readers: 80

 

 

8
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 '.

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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.

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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

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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.

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https://cbi.iq/news/view/296

 

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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 ! :o 

 

:D  :D  :D 

 

 

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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 !

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