The Recovery Of The Iraqi Dinar !

[10 YEARS LATER]

1 hour ago, DinarThug said:

 

 

     

 

THAT'S JUST TOO GOSH DAMN FUNNY ! ! ! ! 

[lobi]

On 2/20/2018 at 12:06 PM, NEPatriotsFan1 said:

Pretty much how I’ve felt staring at my Dinar.... all these years and now we finally might get some action! 

 

 

really all i want to look at is the rv   go rvvvvvvvvv!!!  

[DinarThug]

Association of Private Banks concludes the course «Accounting for financial institutions»

22/02/2018

Economy News Baghdad:

The Association of Iraqi Private Banks held the closing ceremony of the "Accounting for Financial Institutions" session with the participation of 43 trainees working in banks and financial transfer companies, in the presence of the Turkish ambassador in Iraq Fatih Al-Yazid and the official spokesman of the Central Bank Dr. Bassem Abdul Hadi and a number of directors of Iraqi and Turkish private banks.

The training course was launched last Monday and was attended by staff in accounting and finance departments for the purpose of developing their capabilities.

"The banking sector is considered one of the best sectors in the Iraqi economy and the most important factor for the development of the country and economic development," he said, noting that "the natural resources possessed by Iraq can be invested by the banking sector by granting loans to companies. "He said.

"We support the strengthening of relations between Iraqi and Turkish banks, which facilitates the process of trade between the two countries," adding that "the Association of Iraqi private banks is a very important institution and supported by the central bank and the government."

"We offer our support to the efforts of the Association of Iraqi private banks in the development of banking cadres that will be reflected positively on the Iraqi banking sector."

On the other hand, the representative of the Central Bank, his spokesman, Dr. Bassem Abdul Hadi, said in his speech during the graduation ceremony that "the Central Bank supports the efforts of the Association in establishing courses and practices in the development of the work of private banks," noting that "the banking sector Iraqi development, especially in recent years, which confirms that the banks will be a prominent role in the current stage of the stage of construction and reconstruction.

Meanwhile, the President of the Association of Private Banks, Wadih al-Hanalal, said that "the training courses organized by the Association aims to develop human cadres and the banking sector." He pointed out that "the stability of the dollar exchange against the dinar will encourage foreign companies to invest inside Iraq."

He pointed out that "the banking sector seeks to open up to the Turkish banking sector in order to strengthen economic relations between the two countries."

Also attending the ceremony were Ayman Abu Dahaima, Deputy Chairman of the Board of Directors of the Iraqi Bank, Suha Al-Kafai, Director of the International Bank of Iraq and representatives of the Turkish Agricultural Bank, the Middle East and North Africa.

link

[NoviceInvestor]

2 hours ago, DinarThug said:

Association of Private Banks concludes the course «Accounting for financial institutions»

22/02/2018

Economy News Baghdad:

The Association of Iraqi Private Banks held the closing ceremony of the "Accounting for Financial Institutions" session with the participation of 43 trainees working in banks and financial transfer companies, in the presence of the Turkish ambassador in Iraq Fatih Al-Yazid and the official spokesman of the Central Bank Dr. Bassem Abdul Hadi and a number of directors of Iraqi and Turkish private banks.

The training course was launched last Monday and was attended by staff in accounting and finance departments for the purpose of developing their capabilities.

"The banking sector is considered one of the best sectors in the Iraqi economy and the most important factor for the development of the country and economic development," he said, noting that "the natural resources possessed by Iraq can be invested by the banking sector by granting loans to companies. "He said.

"We support system" rel="">support the strengthening of relations between Iraqi and Turkish banks, which facilitates the process of trade between the two countries," adding that "the Association of Iraqi private banks is a very important institution and supported by the central bank and the government."

"We offer our support system" rel="">support to the efforts of the Association of Iraqi private banks in the development of banking cadres that will be reflected positively on the Iraqi banking sector."

On the other hand, the representative of the Central Bank, his spokesman, Dr. Bassem Abdul Hadi, said in his speech during the graduation ceremony that "the Central Bank supports the efforts of the Association in establishing courses and practices in the development of the work of private banks," noting that "the banking sector Iraqi development, especially in recent years, which confirms that the banks will be a prominent role in the current stage of the stage of construction and reconstruction.

Meanwhile, the President of the Association of Private Banks, Wadih al-Hanalal, said that "the training courses organized by the Association aims to develop human cadres and the banking sector." He pointed out that "the stability of the dollar exchange against the dinar will encourage foreign companies to invest inside Iraq."

He pointed out that "the banking sector seeks to open up to the Turkish banking sector in order to strengthen economic relations between the two countries."

Also attending the ceremony were Ayman Abu Dahaima, Deputy Chairman of the Board of Directors of the Iraqi Bank, Suha Al-Kafai, Director of the International Bank of Iraq and representatives of the Turkish Agricultural Bank, the Middle East and North Africa.

link

Thank you DT ... 

[DinarThug]

On 2/20/2018 at 9:03 AM, DinarThug said:

CNN. Broadcasting From The Recovery Room With An Exotic Foreign Currency On Life support system" rel="">support !

The recovery of the Iraqi dinar
 

 

20th February, 2018
Samir Nusairi

After great efforts and exceptional by the Central Bank of Iraq during the past two years in the development of monetary policy tools and the specific procedures of the specialized departments in the Central Bank and direct supervision of the banking sector and its assessment and classification in accordance with international standards in addition to the internal banking operations of banks, which was supporting the implementation of the plans of the Central Bank contributed a large contribution In the recovery of the Iraqi dinar in comparison with the exchange rate of the US dollar, which was one of the main reasons for the new regulatory procedures used to regulate the process of selling the window and determine the last beneficiary and the size of d T middlemen and speculators in addition to the banks commitment and cooperation with the Central Bank of the supporting and coordinating role played by the Iraqi private banks association and urged the departments of banks on the need to support system" rel="">support the directives of the Central Bank in the service of the national economy and harnessing the potential of private banks in the central purpose of which is to work on the recovery of the Iraqi dinar And raise the value of cash and purchasing against the US dollar. 

It pleases the Iraqi public and strengthens the economic situation and achieve financial and monetary stability. What is important is to work on the continuation of the state of recovery and to take advantage of the economic and investment openness from the countries of the world to Iraq, and especially achieved at the donor countries conference in Kuwait.

 

LINK

Nusseiri: the implementation of the strategy of the Central Bank contribute to the improvement of the exchange rate of the Iraqi dinar

 

 

26th February, 2018

The economic and banking adviser to the Association of Iraqi Private Banks Samir Nusairi, said that the central bank and the banking sector played a key role in overcoming the economic and financial crisis, and support the state treasury and methods and procedures and new tools in the applications of monetary policy.

Al-Nusairi said in an interview with "Economy News" that the Central Bank has worked mainly on combating money laundering and terrorism financing, strict adherence to international regulations, rules and standards, re-evaluation and classification of banks in light of their compliance with compliance regulations and determining the last beneficiary in the window of selling foreign currency and new currencies. In the proactive control internally and externally led to the high value and purchasing power of the Iraqi dinar against the US dollar exchange rate clearly during the past few days. This means that one of the main reasons for the recovery of the Iraqi dinar is the plan and procedures of the Central Bank And cooperation of the banking sector with him and abide by the instructions and standards issued by the Central Bank.

"The Iraqi banking sector is the main link in the Iraqi economy and occupies a fundamental and important aspect as the finance and investment sector, which is the main part of the financing and management of economies." 

He pointed out that "the Iraqi economy, and because of the circumstances experienced during the past three years of the fall of oil prices by a sudden 70%, the costs of the war on terrorism and the economic recession and the unstable business environment in Iraq, led to the passage of this sector with great challenges did not pass any sectors of banking In the region, "pointing out that" this sector, both government and private under the leadership of the Central Bank of Iraq has faced these challenges pilot experience must be followed and taught because what has been achieved is a major development and victory we call in Iraq financial victory and economic steadfastness. "

"We aim for the next five years in the sustainable development plan for the years 2018-2022 to achieve financial sustainability," he said, pointing out that "the government and private banking sector plays a key role in achieving this." 

As for the structure of the banking sector in Iraq, Nusairi explained, "This sector is formed by the Central Bank of Iraq and 72 banks, 7 of them are government and 65 banks are private, these banks the number of branches inside Iraq and outside Iraq by 1068 branches. 

He pointed out that "during the past 5 years from 2013 to 2017, we note that the capital of the Iraqi banking sector grew by 98%," noting that "the total assets of the banking sector grew by 15.7%, and deposits, which constitute the basis for liquidity of the banking sector grew by 154% While monetary credit grew, ie loans granted to customers and the Iraqi citizen by 77.5%.

He pointed out that "the developments in the banking sector indicate the efficiency of the performance of this sector trends that are reflected on the gross domestic product," pointing out that "the various economic sectors, including the Iraqi banking sector, which is the first link in the economy indicator of measuring the efficiency of its performance is the extent of its contribution to gross domestic product "He said, adding that" despite this development in the sector, its contribution to gross domestic product is not the level of contributions of the regional countries that preceded us. " 

He added that "in view of the reports of the International Monetary Fund and the World Bank, which indicates that the contribution of cash credit to the gross domestic product in Iraq does not exceed 8%, compared to the Middle East and East Africa by 55%," adding that "

He added that "the oil revenue constitutes 95% of the revenues allocated in the budget and therefore affected Iraq significantly during the decline in oil prices and  completed," The policy of this central bank contributed to the payment of dues of farmers and contractors and played a key role in the launch of the initiative to finance small and medium enterprises, "The Central Bank has followed this bold and deliberate step in order to activate the economic cycle because this initiative achieves two objectives: the first is economic and the other is social," he said.

He stressed that "the banking sector is part of the strategy of the Central Bank during the five years 2016-2020, which includes developments in the structural and evolutionary and in compliance with international standards in risk management, compliance and in combating money laundering and banking awareness," pointing out that " The Central Bank of Iraq standards for the classification of banks with the classification of a and b and c This is a connotation of international standards issued by the Financial Action Organization All this helped Iraq to move in the light of the arrangement of this organization from the gray area to the follow-up area and we hope in 2018 to move to another advanced stage in which credit rating improves For Iraq ".

[DinarThug]

LINK

Central Bank: Our goal is to increase the financial coverage
to 20% in 2020
 

 

26th February, 2018

The Central Bank of Iraq announced that its goal is to raise the proportion of financial coverage in Iraq to 20% in 2020, adding that the banking services offered by banks do not exceed 50 services.

The central bank spokesman, Bassem Abdul Hadi, in a seminar organized by House of Wisdom entitled "Central Bank of Iraq and financial inclusion," and attended by "Economy News", "There is a global trend to attention to financial inclusion because it leads to economic development," explaining that " The proportion of financial coverage in Iraq is 11%. "

He pointed out that the Central Bank completed in 2017 draft strategy of financial inclusion, which aims to achieve financial coverage of 20% by 2020, adding that the challenges facing the application of the process of financial inclusion is the absence of financial culture.

Abdul Hadi pointed out that the current banking services do not exceed 50 services, but over time and the evolution of the payment system we will be able to provide new services.

"The Central Bank of Iraq has taken important steps to move towards a non-monetary society that uses electronic payment tools such as bank cards, mobile phones and the Internet to facilitate the buying and selling operations," said Central Bank Payments Manager Doha Abdul Karim .

"The central bank has put in place many initiatives in the strategy that is implemented over five years, and aims at reaching the financial coverage of all segments of society," pointing out that the central bank launched a basic project is the settlement of salaries of employees in the state.

She stressed that "the next step will see the resettlement of private sector salaries, which we seek to create efficient financial institutions , " noting that "the central bank cares about the licensing of electronic payment companies, which are the real arms of banks, enabling them to provide services in remote areas.

"Our strategy is aimed at rebuilding trust between the community and the banking sector," she concluded

[DinarThug]

Central Bank and securing the bridges of finance in Iraq

Dr.. Haidar Hussein Al-Tohma / Al-Furat Center for Development and Strategic Studies
 
The financial crisis caused by the collapse of crude oil prices in mid-2014 has forced the Central Bank of Iraq to adopt new approaches that reveal multi-purpose dimensions and tasks in response to the challenges facing the Iraqi economy on the one hand and in line with developments in global central banking on the other. The goal of achieving price stability, by preserving the value of the Iraqi dinar, is the list of the central bank's tasks with the need to secure a stable financial system based on competition and focus on promoting development efforts, generating employment and achieving economic prosperity through soft loans programs aimed at financing small and medium enterprises Stimulate the real sector and rebuild infrastructure.
It notes the tendency of monetary authority to move the economic sectors through the provision of suitable sources of funding that limit the slide of the economy of the country into economic stagnation by securing bridges to finance infrastructure projects and the development of the private sector. In this context, the Central Bank recently launched a "joint lending fund" with a capital of 500 billion dinars can be increased and with the mandatory participation of all commercial banks, each contribute to the capital of the Fund by 4 billion dinars. The new fund aims to finance infrastructure projects from the capital of commercial banks, as a result of the challenges facing the Iraqi economy because of the security situation and weak guarantees provided by public and private projects.
The idea of setting up the fund was put forward years ago, but the entry of the central bank to implement it now will increase the momentum and strength of lending to these projects, provided that the lending process is removed from brokers, brokers and government bureaucracy. Central banks, the private sector, economic and financial experts, to ensure new lending methods and streamlined financing without complications, bureaucracy and blackmail.

The issue of managing the Lending Fund is very important. The Central Bank has previously allocated five trillion dinars to the industrial sector, agriculture and housing, and has not been reflected in the Iraqi economy at the expected level, especially in the industrial sector, due to weak implementation tools.

Future tracks of monetary policy trends

The stability of price levels is a major objective of central bank activities in various countries of the world. In developing countries, monetary authority plays other roles aimed at developing the banking sector and adopting sound policies to raise economic growth and stability and generate jobs for those seeking it.

In Iraq, the central bank has succeeded in stabilizing prices to stimulate investment and the private sector, move the economic development process, and raise the living standards of the middle and poor classes in the country. But structural imbalances, the unilateralism of the Iraqi economy, oil price shocks and the war on Dahesh have lost many of the economic start-ups and hampered the government's efforts to boost stagnant economic development for decades.

The latest measures by the Central Bank of Iraq to redesign monetary policy in the context of financial stability and the protection of the financial system and stimulate economic growth, in addition to the usual goals of maintaining the value of the Iraqi dinar, by linking the Iraqi dinar to the dollar to support economic stability and balance of payments. And to ensure the level of adequacy of foreign exchange reserves despite the challenges of sharp decline in dollar revenues left by the decline in oil prices.

However, caution should be taken of the multiple risks that may be generated by the current monetary policy, most notably the central bank's approach to price stability through the foreign exchange auction and the suspicion of corruption and financial waste.As the central bank realizes this challenge, new mechanisms should be seriously explored to ensure that traders and the family sector are in need of the dollar without going through the corruption rings that dominate the currency auction at the moment.

For example, the CBI can set up a national bank with foreign branches covering most of the countries where the Iraqi economy is exposed to securing its commodity needs. On the other hand, it should be noted that the involvement of most commercial banks in the auction currency for quick gains has disabled the main function of these banks as bridges to finance development and investment. This section needs a careful review by the Central Bank to find appropriate mechanisms to reactivate the functions of commercial banks.

The other challenge is the recurrent funding of budget deficits through advances, loans and direct purchases of public debt securities. Despite the positive role in the past years in helping the government's efforts to ward off the danger of raising the national economy from the acute part of the crisis, the continuation of the central bank to play the role of financier of difficult deficits under the pretext of cooperation and coordination between fiscal and monetary policies may turn those roles into a practice difficult to repudiate them In the future, especially with the worsening rates of public debt and the failure of government efforts to raise non-oil revenues commensurate with the decline of oil revenues.

Finally, it should be noted that the CBE's initiatives to revive the national economy, through lending and financing programs, have witnessed many loopholes and problematic conditions, which again draw attention to the dilemma of planning, implementation and financial and administrative corruption, as well as the bureaucracy and routine of the lending process. Tough needs to be dismantled and processed by the CBI.

Editor Website:2018-02-24

link

[Jaygo]

This is getting good!!!! 

[NoviceInvestor]

23 minutes ago, Jaygo said:

This is getting good!!!! 

In news articles it does look promising but this gravy train has been so close to the platform (or so it seemed) on many occasions and there has always been a derailment....  So until I see a change of rate and its legit I will keep reading and praying that it will RV one day "soon"..

[DinarThug]

Reasons for the rise of the dinar against the dollar

 Tuesday, 27 February 2018

 

Bassel Abbas Khudair

 

More than two weeks ago, the exchange rate of the Iraqi dinar rises against the exchange rate of the US dollar, as the price of $ 100 currently in the banking offices is currently equivalent to 122 thousand dinars after the price was 125 thousand dinars or more or a little more, a subject raises many questions However, this is not the case, and the reason is that the Central Bank of Iraq has set 1190 dinars per dollar as the sale price of the amounts transferred to the accounts of banks abroad , Meaning that the vast markets (Black) is far from official exchange rates (1190) dinars, there are clear differences of 3000 dinars per 100 dollars between the official price in the Central Bank and exchange rates in banking companies, taking into account that there are several prices outside the central, including prices of banking companies and prices (February 25) for the sale of the two (February 25) to cut on Tuesday (February 26th) in the auction (the auction) Central Bank of Egypt About $ 192 million. 

Some believe that the increase in exchange rates on the black market of the dollar is due to several reasons, first of which is the dollar's decline in prices in the world markets for gold and the second China enjoy the annual holiday of more than ten days and the consequent suspension of the issuance of remittances and documentary credits for the holiday And the third is the Central Bank of Iraq increase its sales to cover some of the government obligations as a government banker from the dollar to the dinar and the government to lend treasury bills to address some bottlenecks, and there are those who believe that the increase

 Crude oil sales and high prices have helped to boost the dollar's revenues, which the central bank transfers to the dinar as evidence of increasing daily sales through the window of sale, while the proponents of conspiracy theory go much further Firugon that what is happening is the process by which the dollar is withdrawn from taking Simple dollar accounts, because the low prices of the dollar frighten them, which makes them sell their dollars and convert them to the dinar, and then (Crocodile) dollar to pump the dollar to markets at high prices in the coming days, especially as there is a high demand expected on the dollar with the near As there is a need to cover the expenses of the election of advertising, gifts and other obligations. 

While we offer such things, we do not adopt any of them, but we hope that the competent departments of the Central Bank of Iraq will have the required degrees of transparency, by issuing a detailed or brief statement on this subject to inform the public about the truth of things and make them away from the possibilities promoted by some , Who have the purpose of achieving personal or selfish benefits at the expense of others who can not get their needs of the dollar through the official ports, especially patients, travelers, students and residents abroad, and shows through the above that can not determine the actual reasons for the rise of countries

 And the decline in the value of the dollar exchange based on what is prevalent in the parallel markets, most of which are informal markets (black) because they do not adhere to the exchange rates set by the Central Bank and vowed to take legal action against violators, the answer to the second part of the question on the extent The exchange rate remains unchanged or higher or lower in the coming period. It is also impossible to answer this question because the answer is related to the answer to the question of the causes of fluctuations in the exchange rates that are taking place in the markets these days and for the purpose of finding appropriate treatments Corruption, it is necessary to carry out one of the central duties of the central bank to maintain exchange rates and protect the public from volatility, and to find effective control tools that would make exchange rates identical to what is announced in the Iraqi Central, these differences go outside the treasury of the state and do not enter into the accounts of the Central, And should be maintained and included within the budget revenues to reduce the fiscal deficit of the budget or to strengthen the national reserves of funds, and central knowledge of these best as the highest financial authority specialized and safe in Iraq and has its own law No. 56 of 2004 and oversees the law As well as the assignment of many tasks and duties, including the follow-up and control of money laundering and the controls of foreign transfers and other aspects granted independence under the decisions of the civil administrator of Iraq.

link

[ChuckFinley]

Thanks Thug, things are getting I interesting. 

[climber7]

Bump 

[southbeach]

bump

[boosterbglee]

Bumpity, bump, bump bump!

 

[DinarThug]

3 hours ago, DinarThug said:

Reasons for the rise of the dinar against the dollar

 Tuesday, 27 February 2018

 

Bassel Abbas Khudair

 

More than two weeks ago, the exchange rate of the Iraqi dinar rises against the exchange rate of the US dollar, as the price of $ 100 currently in the banking offices is currently equivalent to 122 thousand dinars after the price was 125 thousand dinars or more or a little more, a subject raises many questions However, this is not the case, and the reason is that the Central Bank of Iraq has set 1190 dinars per dollar as the sale price of the amounts transferred to the accounts of banks abroad , Meaning that the vast markets (Black) is far from official exchange rates (1190) dinars, there are clear differences of 3000 dinars per 100 dollars between the official price in the Central Bank and exchange rates in banking companies, taking into account that there are several prices outside the central, including prices of banking companies and prices (February 25) for the sale of the two (February 25) to cut on Tuesday (February 26th) in the auction (the auction) Central Bank of Egypt About $ 192 million. 

Some believe that the increase in exchange rates on the black market of the dollar is due to several reasons, first of which is the dollar's decline in prices in the world markets for gold and the second China enjoy the annual holiday of more than ten days and the consequent suspension of the issuance of remittances and documentary credits for the holiday And the third is the Central Bank of Iraq increase its sales to cover some of the government obligations as a government banker from the dollar to the dinar and the government to lend treasury bills to address some bottlenecks, and there are those who believe that the increase

 Crude oil sales and high prices have helped to boost the dollar's revenues, which the central bank transfers to the dinar as evidence of increasing daily sales through the window of sale, while the proponents of conspiracy theory go much further Firugon that what is happening is the process by which the dollar is withdrawn from taking Simple dollar accounts, because the low prices of the dollar frighten them, which makes them sell their dollars and convert them to the dinar, and then (Crocodile) dollar to pump the dollar to markets at high prices in the coming days, especially as there is a high demand expected on the dollar with the near As there is a need to cover the expenses of the election of advertising, gifts and other obligations. 

While we offer such things, we do not adopt any of them, but we hope that the competent departments of the Central Bank of Iraq will have the required degrees of transparency, by issuing a detailed or brief statement on this subject to inform the public about the truth of things and make them away from the possibilities promoted by some , Who have the purpose of achieving personal or selfish benefits at the expense of others who can not get their needs of the dollar through the official ports, especially patients, travelers, students and residents abroad, and shows through the above that can not determine the actual reasons for the rise of countries

 And the decline in the value of the dollar exchange based on what is prevalent in the parallel markets, most of which are informal markets (black) because they do not adhere to the exchange rates set by the Central Bank and vowed to take legal action against violators, the answer to the second part of the question on the extent The exchange rate remains unchanged or higher or lower in the coming period. It is also impossible to answer this question because the answer is related to the answer to the question of the causes of fluctuations in the exchange rates that are taking place in the markets these days and for the purpose of finding appropriate treatments Corruption, it is necessary to carry out one of the central duties of the central bank to maintain exchange rates and protect the public from volatility, and to find effective control tools that would make exchange rates identical to what is announced in the Iraqi Central, these differences go outside the treasury of the state and do not enter into the accounts of the Central, And should be maintained and included within the budget revenues to reduce the fiscal deficit of the budget or to strengthen the national reserves of funds, and central knowledge of these best as the highest financial authority specialized and safe in Iraq and has its own law No. 56 of 2004 and oversees the law As well as the assignment of many tasks and duties, including the follow-up and control of money laundering and the controls of foreign transfers and other aspects granted independence under the decisions of the civil administrator of Iraq.

link

 

Reasons for the rise of the dinar against the dollar

 Tuesday, 27 February 2018

 

Bassel Abbas Khudair

 

More than two weeks ago, the exchange rate of the Iraqi dinar rises against the exchange rate of the US dollar, as the price of $ 100 currently in the banking offices is currently equivalent to 122 thousand dinars after the price was 125 thousand dinars or more or a little more, a subject raises many questions However, this is not the case, and the reason is that the Central Bank of Iraq has set 1190 dinars per dollar as the sale price of the amounts transferred to the accounts of banks abroad , Meaning that the vast markets (Black) is far from official exchange rates (1190) dinars, there are clear differences of 3000 dinars per 100 dollars between the official price in the Central Bank and exchange rates in banking companies, taking into account that there are several prices outside the central, including prices of banking companies and prices (February 25) for the sale of the two (February 25) to cut on Tuesday (February 26th) in the auction (the auction) Central Bank of Egypt About $ 192 million. 

Some believe that the increase in exchange rates on the black market of the dollar is due to several reasons, first of which is the dollar's decline in prices in the world markets for gold and the second China enjoy the annual holiday of more than ten days and the consequent suspension of the issuance of remittances and documentary credits for the holiday And the third is the Central Bank of Iraq increase its sales to cover some of the government obligations as a government banker from the dollar to the dinar and the government to lend treasury bills to address some bottlenecks, and there are those who believe that the increase Crude oil sales and high prices have helped to boost the dollar's revenues, which the central bank transfers to the dinar as evidence of increasing daily sales through the window of sale, while the proponents of conspiracy theory go much further Firugon that what is happening is the process by which the dollar is withdrawn from taking Simple dollar accounts, because the low prices of the dollar frighten them, which makes them sell their dollars and convert them to the dinar, and then (Crocodile) dollar to pump the dollar to markets at high prices in the coming days, especially as there is a high demand expected on the dollar with the near As there is a need to cover the expenses of the election of advertising, gifts and other obligations. 

While we offer such things, we do not adopt any of them, but we hope that the competent departments of the Central Bank of Iraq will have the required degrees of transparency, by issuing a detailed or brief statement on this subject to inform the public about the truth of things and make them away from the possibilities promoted by some , Who have the purpose of achieving personal or selfish benefits at the expense of others who can not get their needs of the dollar through the official ports, especially patients, travelers, students and residents abroad, and shows through the above that can not determine the actual reasons for the rise of countries

 
And the decline in the value of the dollar exchange based on what is prevalent in the parallel markets, most of which are informal markets (black) because they do not adhere to the exchange rates set by the Central Bank and vowed to take legal action against violators, the answer to the second part of the question on the extent The exchange rate remains unchanged or higher or lower in the coming period. It is also impossible to answer this question because the answer is related to the answer to the question of the causes of fluctuations in the exchange rates that are taking place in the markets these days and for the purpose of finding appropriate treatments Corruption, it is necessary to carry out one of the central duties of the central bank to maintain exchange rates and protect the public from volatility, and to find effective control tools that would make exchange rates identical to what is announced in the Iraqi Central, these differences go outside the treasury of the state and do not enter into the accounts of the Central, And should be maintained and included within the budget revenues to reduce the fiscal deficit of the budget or to strengthen the national reserves of funds, and central knowledge of these best as the highest financial authority specialized and safe in Iraq and has its own law No. 56 of 2004 and oversees the law As well as the assignment of many tasks and duties, including the follow-up and control of money laundering and the controls of foreign transfers and other aspects granted independence under the decisions of the civil administrator of Iraq.

link

[Officiallytook]

I like where this is going...

[idplzr]

36 minutes ago, Officiallytook said:

I like where this is going...

It is definitely getting fun to watch...

[new york kevin]

11 hours ago, DinarThug said:

LINK

Central Bank: Our goal is to increase the financial coverage
to 20% in 2020
 

 

26th February, 2018

The Central Bank of Iraq announced that its goal is to raise the proportion of financial coverage in Iraq to 20% in 2020, adding that the banking services offered by banks do not exceed 50 services.

The central bank spokesman, Bassem Abdul Hadi, in a seminar organized by House of Wisdom entitled "Central Bank of Iraq and financial inclusion," and attended by "Economy News", "There is a global trend to attention to financial inclusion because it leads to economic development," explaining that " The proportion of financial coverage in Iraq is 11%. "

He pointed out that the Central Bank completed in 2017 draft strategy of financial inclusion, which aims to achieve financial coverage of 20% by 2020, adding that the challenges facing the application of the process of financial inclusion is the absence of financial culture.

Abdul Hadi pointed out that the current banking services do not exceed 50 services, but over time and the evolution of the payment system we will be able to provide new services.

"The Central Bank of Iraq has taken important steps to move towards a non-monetary society that uses electronic payment tools such as bank cards, mobile phones and the Internet to facilitate the buying and selling operations," said Central Bank Payments Manager Doha Abdul Karim .

"The central bank has put in place many initiatives in the strategy that is implemented over five years, and aims at reaching the financial coverage of all segments of society," pointing out that the central bank launched a basic project is the settlement of salaries of employees in the state.

She stressed that "the next step will see the resettlement of private sector salaries, which we seek to create efficient financial institutions , " noting that "the central bank cares about the licensing of electronic payment companies, which are the real arms of banks, enabling them to provide services in remote areas.

"Our strategy is aimed at rebuilding trust between the community and the banking sector," she concluded

So when is its gonna RV/increase in value CBI? 

[Officiallytook]

24 minutes ago, new york kevin said:

"There is a global trend to attention to financial inclusion because it leads to economic development,"

The world wants them international 🤔

[idplzr]

4 hours ago, Officiallytook said:

The world wants them international 🤔

So do we!

[DinarThug]

8 hours ago, Officiallytook said:

The world wants them international 🤔

 

It’s National Pancake Day And The Int’l House Of Pancakes Is Giving Them Out For Free From 7am To 7pm Today !  

 

 

 

Better Hurry Though - They’re Going Like Hotcakes ...

 

     

[Officiallytook]

2 hours ago, DinarThug said:

 

It’s National Pancake Day And The Int’l House Of Pancakes Is Giving Them Out For Free From 7am To 7pm Today !  

 

 

 

Better Hurry Though - They’re Going Like Hotcakes ...

 

     

Don't play thuggie lol have me outside waiting on them to open LMFAO

[nannab]

4 hours ago, Officiallytook said:

Don't play thuggie lol have me outside waiting on them to open LMFAO

 

 I guess it is true Officiallytook.  I heard the end of the radio ad saying that at

participating IHOP free pancakes and they are asking for a donation for a childrens

org. I think.  Go for It !!!!! 

[Rmc10]

4 hours ago, Officiallytook said:

Don't play thuggie lol have me outside waiting on them to open LMFAO

 

This isn't the rumor section so it is true. Lol. 

[TOMINVEGAS]

23 hours ago, NoviceInvestor said:

In news articles it does look promising but this gravy train has been so close to the platform (or so it seemed) on many occasions and there has always been a derailment....  So until I see a change of rate and its legit I will keep reading and praying that it will RV one day "soon"..

 

For sure for sure. Completely agree.