Economic parliamentary calls for the central bank put a new strategy to raise the value of the dinar for the advancement of economic reality and to

[yota691]

Economic parliamentary calls for the central bank put a new strategy to raise the value of the dinar for the advancement of economic reality and to achieve the desired goal

By khabaar khaba 29 minutes ago

Number of readings: 11

 

 

 

Et Baghdad

The parliamentary economic committee confirmed that the central bank has failed to invest out of Iraq from Chapter VII to enhance the value of the Iraqi dinar against the dollar confirming that it will host a proxy bank governor and officials to find out the reasons

He said the Commission's decision Mahma Khalil during a press conference the parliament building and attended by the correspondent Agency for News News (et) The day balance sovereign Iraqi through more than $ 76 billion distributed in international banks and there is increasing balance and out of Iraq Iraq from Chapter VII is not reasonable to stay exchange rate in the market more than 1,200 Iraqi dinars, demanding the Iraqi Central Bank to improve the Iraqi dinar against the dollar.

Khalil said that the central bank has failed to invest historic achievement which Iraq would emerge from Chapter VII, which was supposed to lead to the lifting of the value of the Iraqi dinar against other currencies.

He added that we are in the economic demand that officials at the central bank to develop a new strategy and policy and plan effective over a period of time to raise the value of the Iraqi dinar for the advancement of economic reality and to achieve the desired goal.

Between Khalil that there must be a constant balance of Iraq fits with sovereign tally, stressing that there will be a host for acting central bank governor and officials to the Commission to find out what they are planning to him and put a correct policy to sell the dollar and raise the value of the dinar.

Edited August 24, 2013 by yota691

[sandfly]

SO ARE THEY GOING TO MOVE UP ONE DINAR ARE A RV. WAIT AND SEE

[jeepguy]

another good news deal yota !   what this seems to be saying is ... { we can take this as two or three meanings ,,}  1st --- the g.o.i.  is going to put another proxy guy in office { meaning they are going to ay a lot of dinar to a person to do a study , on why the dinar hasn`t moved, then they will need to have a big study started , which will take another year or so to complete,  and end result will have no clue as why it is stagnate } 2 nd --- the g.o.i  is telling c.b.i.  ,  we are ready for the dinar to go to the level of value we have seen and know it can achieve ,  we are giving you a proxy person, to handle the numbers, and the, effects of the exchange  -- as dinar will be coming back ----> I like this one myself ,  the g.o.i  or whoever has put this in motion, is trying to get the dinar back to what ? ---- the value they were at or what they are seeing it needs to be,  the article says  other currency in area ,  every one else is above 1 dollar  ---  { .25  .33  .18   multiply that with  the dollar thingy  --- to get above the 1 too 1 mark } .... but basically  this proxy person is suppose to find out why they are not back to the 1 to 1 ratio ,  or the 3 .33  value they had before sadddam  went stupid !  ------ and it will take a year or so for this  proxy to figure out -----  corruption and bad banking ,  same crap we read every time it is about banking and Iraq !   o . k .    3 rd-ly  or - c -  which ever ya  like      this proxy guy is going to paid a lot to find out where te corruption is , do a study on the bad banking reasons,  learn how to get his grabby hands on gold and dollars for maliki  ---- don`t forget who is in charge of   g.o.i.  or at least the way up in the office guy .......   just hope proxy is in c.b.i.  to push the value of dinar above 1 to 1 , or better back to 3.33 and they are there to handle the influx of large amounts of  ----  our dinar coming back to Iraq ,  not to mention the releasing of lower notes .....      here s to   another banking guy who might have the backing to get it done

[yota691]

Parliamentarians: the entry of foreign banks, investment will enhance the reality of the country ... And contributes to the increase in the exchange rate of the dinar

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   BAGHDAD - A citizen

 

 MPs likely discreet willingness of foreign banks to open branches in Iraq, it will contribute to the advancement of the process and enhance investment banking activity in the country and motivated by the development. Stressing it is contributing to the increase in exchange rate of the Iraqi dinar against foreign currencies. He said a member of the Finance Committee National Alliance MP AMEER Mayahi (of the Agency news): that the entry of global banks that have a long tradition in the field of banking and well-known at the level of the World for Iraq and open branches in Baghdad and the provinces will achieve positive results for the Iraqi economy, in terms of its contribution to the advancement of reality of investment and to create an atmosphere competitive between them and the local banks. continued: and so it will affect the dinar exchange rate by increasing the price in front of hard currency, so it has to be to encourage those banks to open branches in the country, and take advantage of its expertise in the development of the Iraqi banking sector, which is still suffering of underdevelopment. said: It does not need legislation, new legal or amendments to some laws in order to bring global banks, and that it took the House of Representatives and the Finance Committee are ready to enact a law that allows for the entry of those banks and facilitate its work in Iraq in order to serve the country. A member of the Economic Commission Mahma Khalil, the failure of the central bank in the stability of the Iraqi dinar against other currencies. Khelil said (of the Agency news): that in all countries of the world and function of the central bank to maintain the value of its currency against other currencies and the stability of its exchange rate, stressing that the central bank failed in maintaining the value of the dinar. added: that the central bank possesses no after strategic economic to maintain the value of the Iraqi dinar and meet the challenges of other currencies, indicating that it is unreasonable to have balance Iraqi sovereignty more than 76 billion dollars and the dinar exchange rate (1200) . saw the exchange rate of the Iraqi dinar declined severely over the past few months, generating a great upheaval in the local market.