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Showing results for tags 'float the dinar'.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So take everything with a grain of salt ... RON Mnt Goat Article: "WHAT IS MEANT BY CURRENCY FLOAT? WHAT ARE ITS ADVANTAGES AND DISADVANTAGES?" This article is a VERY GOOD lesson in what it means to FLOAT a currency. ...they can’t float the dinar in the program rate with the currency auctions and must reinstate it to the global markets. Mainly it’s because, "hint hint"…to float you need access to the markets and traders. This will be when we go the bank to exchange ... floating the IQD on FOREX can solve much of the issues with the dinar monetary policy in Iraq. This once again proves the move to FOREX should have happened a decade ago when Dr Shabibi, then the CBI Governor, lined up the dinar to go to FOREX in January 2013...I ask, why now publish such an article..? Have a great New Years Eve Day - It's the end of the year..!
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Iraq lacks local productivity.. The decision of the dollar exchange rate against the dinar in stock exchange transactions 209 Economy 2022/02/26 17:39 Baghdad today - Baghdad Today, Saturday, the economic expert, Sabah Alo, called on the government to take a decision to float the Iraqi dinar, similar to the Egyptian experience of floating the pound. Alo said in a statement to (Baghdad Today), that "it is difficult to restore the price of the dollar during the next stage because this matter needs a political decision to be agreed upon by the blocs," noting that "the political forces did not agree to form the government, so how will they agree to restore the price of the dollar?" Exchange". He added, "It is better that a decision be taken to float the Iraqi dinar and stop selling the currency at auction and the Central Bank of Iraq, and the demand for the dollar will be through non-governmental banks and banks, as this will give this matter a great opportunity, whether it decreases or rises, and the poor classes will bear the price imbalance for a period ranging from Between 3 to 4 months, the markets will witness stability in the value of the dinar, and this is what has been done in the Egyptian Republic.” Alo added, "The core issue to support the dinar is the presence of local productivity, and this is what Iraq lacks. There is nothing but oil revenues to support the dinar, and since oil prices are not fixed, this leads to a change in the value of the dinar." He pointed out, "There should be a sovereign fund in which at least 3 to 5% of the revenues are placed, especially in these circumstances in which the price of oil is rising." -
Economic concepts: floating currency May 15, 2017 Flotation is leaving the exchange rate of a currency, any equivalence with other currencies, is determined according to the forces of supply and demand in the cash market.+ The different governments' policies towards their currencies float according to the level of emancipation of the national economy, and the adequacy of its performance, and the flexibility of its production apparatus. It is divided into the following floating formats: Free float: it means leaving the currency exchange rate changes is determined freely with time, according to market forces, and only the intervention of monetary authorities to influence the speed of change in the exchange rate, not reducing that change, and follows this form of currency float in some advanced industrial capitalist countries such as the US dollar The pound sterling and the Swiss franc. Flotation orbit: it means leaving the exchange rate is determined according to supply and demand with the resort's central bank to whenever the need arises to modify this price in exchange for the rest of the currency intervention, in response to a set of indicators such as the amount of the gap between supply and Tlpfi exchange market, and the prices of spot and forward exchange, and developments in the parallel exchange rate markets, and follows this form of floating in some capitalist countries and a group of developing countries, which pegs its currency to the US dollar exchange rate or the pound sterling or the French franc (previously) or a basket of currencies. Flotation policy has evolved to become one of the most important tools used by the monetary authorities to achieve economic goals, and the exercise of this policy intervention procedures including: the impact on the money market by influencing the movements of supply and demand, through the local currency selling or buying, influencing the interest rate to raise the price of discount or decrease. Impact on the volume of foreign trade through the quantification of import or export promotion.
