An invitation to invest in the stability of the exchange rate in rebuilding the economy

[sourpuss]

So not an announcement or article from cbi? Opinion piece?

[yota691]

Hussein Al-Tamimi

Professor of Finance & Dept. Head at University of Sharjah

United Arab Emirates  Higher Education

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Hussein Al-Tamimi's Overview Current

• Professor of Finance and Dept. Head at University of Sharjah
• Professor of Finance & Dept. Head at University of Sharjah

Past

• Associate Professor of Finance at UAE University
• Professor of Finance at Al al-Bayt University

Education

• The University of Dundee
• Baghdad University

Connections

0 connections

Hussein Al-Tamimi's Experience

Professor of Finance and Dept. Head University of Sharjah

Educational Institution; 1001-5000 employees; Higher Education industry

September 2000 – Present (13 years 5 months)

MAJOR SUBJECTS TAUGHT
• Financial Management ( undergraduate and postgraduate)
• Corporate Finance ( undergraduate and postgraduate)
• Investment Analysis
• Financial Markets & Institutions
• Risk Management
• Financial Institutions Management
• Commercial Banks Management ( postgraduate)
• Personal Finance
• Portfolio Management
• Special Topics in Finance
• Credit Analysis & Bank Lending
• Banking Operations Management

Professor of Finance & Dept. Head University of Sharjah

Educational Institution; 1001-5000 employees; Higher Education industry

September 2000 – Present (13 years 5 months)

Department Head

Associate Professor of Finance UAE University

 

September 1996 – August 2000 (4 years)

To manage the Department administratively and academicly

Professor of Finance Al al-Bayt University

Public Company; 1001-5000 employees; Higher Education industry

September 1995 – August 1996 (1 year)

Teaching and Administration

Hussein Al-Tamimi's Skills & Expertise

1. Teaching

Hussein Al-Tamimi's Education

The University of Dundee Ph.D, Business Finance

1983 – 1987

 

Baghdad University Master of Business Administration (MBA), Finance, General

1977 – 1980

[Gunshow2425]

Unless this guy has some pull, its an opinion piece.  The guy is respected as he has been in many articles.

[vomer]

I'mm gunstoo .. fly like an eagle   

 

[k98nights]

Call for exchange rate stability in the reconstruction of the economy      

 

 

15/1/2014 12: 00 am

Money market balance is one of the indicators

Baghdad-Hussein thghb Al-Tamimi

The objectives of monetary policy to achieve economic growth and stability and reduce unemployment rates, the stability of prices of goods and services, as well as stable exchange rates and improved balance of payments position and achieve these goals through the use of monetary policy instruments, direct and indirect.

This discussion started in charge of Banking Affairs Samir Al-nasiri said that achieving the goals of monetary policy through regulations issued by the Central Bank of Iraq during the past years and finally what was released in the vernacular for 2012 and 2013.

Cash replacement

Nasiri pointed out to the importance of maintaining the balance of the money market and to strengthen the Iraqi dinar exchange rate that represents the value of the dinar, as well as deal with the phenomenon of critical replacement and the availability of tight monetary policy in two directions or strong signals they exchange and interest rate, indicating it is enhances mechanical moving cash to influence the money market balance and stability of the real activity that requires raising the value of Iraqi dinars in a manner commensurate with the real exchange rate to contain inflationary expectations, and modify Iraqi central bank interest rates to give a strong signal to the financial market changes and desirable with the evolution of the structure of interest rates.

He noted that a key task for the Central Bank of Iraq is building the foreign cash reserve to promote and cover the Iraqi dinar exchange rate and creating economic stability, which is an indicator of the success of monetary policy applications.

Balanced rate

He said: the current structure for the stability of the exchange rate has given the opportunity for the Iraqi economy to rebuild and grow, although the price has not fully stabilized, due in part to instability and the nature of the circumstances in the country, where the central policy to maintain a balanced rate for Iraqi dinar amounts 1233 as dinar 31/12/2012 stands at 1,200 dinars in August 2013. Within this context, the Central Bank has succeeded in collecting high reserves of foreign exchange, the contribution install Iraqi dinar exchange rate against the US dollar, is appropriate and required at the current stage, with foreign reserves by $ 76 billion, and must indicate the role played by the private banking sector in achieving that stability by implementing the central policy.

Aggregate demand pressures

Pointing to the need to reduce inflation and if the root in the inflationary phenomenon ordeals inflation resulting from aggregate demand pressures, which led to the disruption of market in terms of the public's desire to retain cash balances over the supply of such stocks. Reflecting the increase in the speed of the circulation of money and increase in inflationary expectations at one time, it has become the latest source of continued inflationary phenomenon that was aimed at curbing runaway inflation of the main objectives of monetary policy.

The phenomenon of dollarization

And on the face of the phenomenon of dollarization said nasiri: dangling money is undoubtedly good value stock is under negative real interest rates make people prone to keep foreign currency as an alternative store of value over widespread cash replacement (dollarization) which use foreign currency in domestic transactions was therefore confront this phenomenon positive impact as one of the objectives of monetary policy.

Currency manager

In the detailed currency management system reform between the Iraqi Central Bank currency management system adopts any shift from a small amount of money going after a large amount of the price of services and reflects stability, growth and prosperity on the basis of the draft proposed to delete the zeros of the Iraqi dinar from considerations of good management of the monetary system and the shift from mass to mass flaccid cash cash easy or creativity.

 

http://www.alsabaah.iq/ArticleShow.aspx?ID=62086

 

[MyLadiesDaddy]

Well I suppose this deserves a response from me. We see that the CBI had an auction

today at the old rate and still hasn't updated the currency rates. We also see another

article stating that"there is a false rumor being put out about deleting the zeros".

I am thinking that this was the referred to rumor. I really don't know what to say.

That someone would do such a thing is beyond me. Not just to us, but the Iraqi people

also. Now we see articles telling us that Maliki sent the budget to parliament WITHOUT

the Kurds approval. Even more confusing they say it because the Kurds won't pump

400,000 barrels a day through THEIR pipeline to Turkey. Strange how that yesterday

the issue was that the Kurds wanted to pump oil through that pipeline without Baghdad's

approval. I CAN'T imagine how they can do it but it seems that were now back doing

the same bs as every other year. Let me apologize if some may have gotten there hopes

high only to be treated like an Iraqi stepchild once again. I truly thought this was it.

Someday we'll see something happen, until then we must watch the little kiddies

play in their sandbox.

[captl1]

Remember one thing....In Iraq they publish a contradictory article for ever article published....food for thought: Why did they shut down the press office in Bagdad. Interesting to say the least.

[Zigs]

What will happen now is the Kurds will open the gates in Turkey at the end of the month.

As far as deletion of zero's are concerned, it has been fired.

Edited January 15, 2014 by Zigs

[Belecosity]

May mean nothing... Cbi site is completely down. At least for me

Nm it's up"" just taking lllooootts of time to load. Sry about that

[chazg2]

Can we get a breakdown from Adam too

I like the the LGD breakdown!!

GO RV

[mrref]

What a nice article. It pretty much said, "take the day off tomorrow", and CASH IN !!! Laddysgrace I agree!

Please don't take tomorrow off

Remember one thing....In Iraq they publish a contradictory article for ever article published....food for thought: Why did they shut down the press office in Bagdad. Interesting to say the least.

You are so right, as they say don't believe anything until you are sitting on it..