Governor of the Central Bank of Iraq for CNN: Despite the events we have enough to support our currency

[yota691]

Governor of the Central Bank of Iraq for CNN: Despite the events we have enough to support our currency

 Tuesday, June 17, 2014; 07:03 (GMT +0400)

 

 

 BAGHDAD, Iraq (CNN) - The Governor of Central Bank of Iraq, Abdel Basset Turki, on the strength of the Iraqi dinar and the precautions that supported despite the recent situation in Iraq and the militant groups to launch an attack on Iraqi territory and the occupation of part of it .

Said Turki in a statement to CNN in Arabic, during his participation and chaired by the FATF for the Middle East and North Africa to combat money laundering and terrorism financing in the capital of Bahrain, Manama: "The cash reserve supporter of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar but did not rule affected the exchange rate. "

He pointed out that the Iraqi dinar powered reserves and is tied in any other currency and cash reserves Ghaderth for his support, and assured Iraqis that those large reserves of state funds of the central bank is not in Iraq but in the states and other banks in Europe and other countries.

 

And influenced by the currency and the economy because of the military attack militant groups in Iraq, said: "There is no doubt that the latest of this size have an impact on the economy first and on the financial position and cash the other hand, the Iraqi state, but able to get out of this crisis."

And money laundering in Iraq and in the region by virtue chaired this group said: "The Iraq and the GCC in particular and the Arab countries and Middle Eastern generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged for not world class and this is what we need now . "

He pointed out that Iraq has strong relationships and direct in this context, with the Central Bank of Abu Dhabi and medical relations with the Abu Dhabi National Bank and obese readiness for cooperation and coordination with the GCC countries in this area, especially in the technical field.

 

[sandfly]

THANKS

[amberamin]

Thanks yota.

[Butifldrm]

Central Bank: the security situation will not affect the Iraqi dinar and expert confirms ... storage of foreign currencies will be temporarily

Central Bank: the security situation will not affect the Iraqi dinar and expert confirms ... storage of foreign currencies will be temporarily

 

June 19, 2014 14:13

 

Readers Number:44

 

 

 

 

 

Said the Iraqi Central Bank, on Thursday, that the security situation in the country "will not greatly affect the Iraqi dinar," and attributed the cause to "the power of the Iraqi dinar and the precautions that supported", as noted financial expert said Iqbal Iraqi citizen to store foreign currency would be "temporary", pointed out that the Iraqi economy because the governor to balance the dinar per covered 1.3% of one U.S. dollar a "one and a third."

The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki said in an interview (range Press), "The task of the Iraqi Central Bank, according to its law is to keep the dinar stable against other currencies," noting that "the bank's management studied and researched the course of the security situation of the country's and its impacts on the financial situation in the country. "

The Turkish that "what exists of a reserve of hard currency to the Central Bank will be capable of controlling the exchange rate of the dinar against the dollar," he said, adding that "cash reserves in support of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar, so there is no fear on the dinar at the moment. "

For his part, said the financial expert Mazen al-Khafaji said that "there is a slight rise too in the exchange rate of the dinar against the dollar because of the Iraqi citizen and nature in such things such resort to the storage savings is the most fitting what stores have the foreign currency for the purpose of assistance in case something happened in the country , "adding that it would be temporary and can not last for a long time because of the nature of Iraq's financial dealings."

He said al-Khafaji, he was "following the increase in demand for the dollar there will be a rise in the exchange rate of the dollar against the dinar, and here comes the role of the central bank, which will try to work on widening the sale of dollars in the currency auction has in order not to exploit the current situation and the rise of the dollar against the dinar."

The al-Khafaji said that "there are other things possible to maintain the Iraqi dinar and the economy in general in these circumstances, Kahtiatat Central Bank and the export of Iraqi oil."

He said al-Khafaji, that "the dinar is covered, according to central bank reserves at 1.3% ie, that the Iraqi dinar, an indoor one and a third of the dollar as well as that Iraq is the export of oil, which would be the southern regions of safe and so would be an abundance of the dinar against the dollar existed during operations to sell oil on the world market ".

 

Central Bank

http://burathanews.com/news/239869.html

[dinar_millions]

Is he saying $1.30 per dinar it's covered to..this is second article this week.

[Yukon Silvermoon]

That little bit "A third of the dollar" makes me say "hmmmm..."

[BobCoss]

1.3% of one dollar sounds more like a little over 1 cent.

[dinar_millions]

A earlier article had it at 1.30 something maybe lost in translation..

[amberamin]

  

Central Bank: the dinar strong despite the security situation Central Bank: the dinar strong despite the security situation

June 19, 2014

 

The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki said the security situation in the country will not greatly affect the Iraqi dinar, attributing the cause to the power of the Iraqi dinar and the precautions that support it. said the governor of the Iraqi Central Bank that “the bank’s management studied and researched the course of the security situation experienced by the the country and its impacts on the financial situation in the country, “noting that” the existing foreign currency reserves at the Central Bank and of 70 billion dinars can control the exchange rate of the dinar against the dollar. ” Turkish and pointed out that “the cash reserve is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar, so there is no fear on the dinar at the moment.”                                                          http://www.iraqdirectory.com/ar/2014/06/19/27386/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D9%82%D9%88%D9%8A-%D8%B1%D8%BA%D9%85-%D8%A7%D9%84%D8%A3%D9%88%D8%B6%D8%A7%D8%B9-%D8%A7%D9%84%D8%A3%D9%85%D9%86%D9%8A%D8%A9.aspx

Edited June 20, 2014 by amberamin

[sandfly]

THANKS

[MyLadiesDaddy]

They sure are trying to convince everyone.

[10 YEARS LATER]

It could be alot stronger ?

[Butifldrm]

Turkey: Central Bank is able to support the dinar and no fear of collapse

BAGHDAD - Iraq Press - June 20:   Economists indicates that "the demand of the Iraqi citizen to store foreign currency will be temporary, arguing that" the Iraqi economy because the governor to balance the dinar per covered 1.3% of the dollar. "  

 To that, the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki, said that "the task of the Iraqi Central Bank, according to the law is to keep the dinar stable against other currencies," noting that "the bank's management has examined the course of the security situation experienced by the country and its impacts on the financial situation in the country ".   The Turkish that "what exists of a reserve of hard currency to the Central Bank will be capable of controlling the exchange rate of the dinar against the dollar," he said, adding that "cash reserves in support of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar, so there is no fear on the dinar at the moment. "

http://www.iraqpressagency.com/?p=69698〈=ar

[10 YEARS LATER]

Hhmmm . . . . No Fear . . . . at the moment . . .  I'll give'm the benefit of the doubt . . . for a little while.

[SocalDinar]

What happened ? It was said by Turki that they could cover the IQD by times 2.5 and now only 1.3.

I am getting oh so tired of the rhetoric and flat out right lies by these people.

Iraq is not in a good place right now.

Thanks Butifldrm .

[moneysoon]

LGD,

Yes there is much concern about reassurance of the rate. They are very keen and conscious to investor's hopes.

[pete71622]

Economists indicates that "the demand of the Iraqi citizen to store foreign currency will be temporary, arguing that" the Iraqi economy because the governor to balance the dinar per covered 1.3% of the dollar. "  

 To that, the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki, said that "the task of the Iraqi Central Bank, according to the law is to keep the dinar stable against other currencies," noting that "the bank's management has examined the course of the security situation experienced by the country and its impacts on the financial situation in the country ".   The Turkish that "what exists of a reserve of hard currency to the Central Bank will be capable of controlling the exchange rate of the dinar against the dollar," he said, adding that "cash reserves in support of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar, so there is no fear on the dinar at the moment. "

[gregp]

Could you please post a link? Thank you.

[pete71622]

www.iraqpressagency.com 

[calkid11]

Thank you

[EagleEye]

http://www.microsofttranslator.com/bv.aspx?from=ar&to=en&a=http%3A%2F%2Fwww.iraqpressagency.com%2F%3Fp%3D69698%26lang%3Dar here you go pete:   Turkish Central Bank capable of supporting the dinar and no worries of collapse

Baghdad-Iraq press – 20 June:Economists indicates that "Iqbal Iraqi citizens to store foreign currency will be temporally, remarkably self-critical," the Governor of the Iraqi economy to balance the dinar per covered 1.3% n $ ".  

The Governor of the Iraqi Central Bank official Abdel Basset Turki, the tasks of the Central Bank law is to maintain the stability of the dinar against other currencies ", stating that" the Bank examined the course of the security situation in the country and their impact on the financial situation in the country. "   He said "what is Turkish from foreign currency reserves at the Central Bank would be to control the dinar exchange rate against the dollar," he said, adding that "the cash reserve for Iraqi dinar amounts to 70 billion dollars and that the Central Bank is able to support the dinar exchange rate, which currently stands at 1,200 dinars to the dollar, so there is no fear for the dinar at the current time."

 

 

[sandfly]

THANKS

[rockfl9]

Is he saying $1.30 per dinar it's covered to..this is second article this week.

I think the $ is a misinterpretation.

What he really meant was they are officially supporting the dinar at 1166. But the market is 1200:1 so at that rate they have 1.3% EXCESS in the reserves.

[dinarbeleiver]

Governor of the Central Bank of Iraq for CNN: Despite the events we have enough to support our currency

July 1, 2014

The Governor of Central Bank of Iraq, Abdel Basset Turki, on the strength of the Iraqi dinar and the precautions that supported despite the recent situation in Iraq and the militant groups to launch an attack on Iraqi territory and the occupation of part of it.

Said Turki in a statement to CNN Arabic, during his participation and chaired by the FATF for the Middle East and North Africa to combat money laundering and terrorism financing in the capital of Bahrain, Manama: "The cash reserve supporter of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar.

It's in rumours because exogen does not provide a link

[Jaygo]

Governor of the Central Bank of Iraq for CNN: Despite the events we have enough to support our currency

July 1, 2014

The Governor of Central Bank of Iraq, Abdel Basset Turki, on the strength of the Iraqi dinar and the precautions that supported despite the recent situation in Iraq and the militant groups to launch an attack on Iraqi territory and the occupation of part of it.

Said Turki in a statement to CNN Arabic, during his participation and chaired by the FATF for the Middle East and North Africa to combat money laundering and terrorism financing in the capital of Bahrain, Manama: "The cash reserve supporter of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar.

It's in rumours because exogen does not provide a link

This was posted last week. It's real I saw and read the link that was posted.