Zebari: the dinar exchange rate remains stable

[yota691]

Zebari: the dinar exchange rate remains stable

 

 

         

9/12/2014 0:00 

 Discussed with the International Monetary Fund and falling oil prices 

 Oman morning 

Mohammed Jawad Al-Abdali accept Finance Minister Hoshyar Zebari, political, security and economic conditions, plans and programs of the government in the next phase, in particular to provide the budget in 2015 to the House of Representatives and the fight against corruption and an administrative and financial reforms. Zebari said, in round of annual consultations with the International Monetary Fund (IMF), which took place in Amman, Jordan: "It reviewed the situation in the oil sector and the impact of falling oil prices and economic activity is oil and international needs and market exchange foreign," noting that "the opinions exchange on the role of the International Monetary Fund to help Iraq through this difficult phase of the Iraqi economy. " The Minister of Finance that "consultations with the International Monetary Fund come because Iraq is an important part and a founding member of an international organization will follow up the financial and economic global situation, so our priority at this meeting to give a comprehensive picture of the economic and financial reality of Iraq and consultation as well as the challenges we face. "And Zebari that" the international organization was in agreement with us in the exposure of the Iraqi economy to Sdmtin, the first confrontation with Daash on a daily basis in some provinces and drain money on military equipment and contracts for armaments, and other trauma is the decline in global oil prices ", stressing Zebari said "the presence of satisfaction by the International Monetary Fund for an agreement between the central government and the Kurdistan region to increase oil exports, and that a positive development on the Iraqi economy and the reserves of the Central Bank, despite their decline," noting that the exchange rate of the Iraqi dinar remains stable not affected in the repercussions of the drop in oil and the level of positive inflation and brought a different ratio of expected by the International Monetary Fund. "

 

[Texstorm]

Thanks Yota ! I just don't think that Daash has an effect on the falling oil prices, if anything it should be the opposite, clearly Daash are ineffective in disrupting the world oil markets. I still give the CBI a plus for maintaining stability.

[Nelg]

The stability of the dinar is important to demonstrate the soundness of the Iraqi economy and the ability of the financial institutions to manage it's stability during tumultuous times.  It says, "we are worthy of your assistance and funding.     

[sandfly]

THANKS YOTA, THEY DID SAY, THEY WAS GOING TOO PUT A LITTLE MORE POWER TO THE DINAR

[Laid Back]

I believe the IMF is happy with the performance of Iraq in the last 3 months

I see article 8 compliance

BIG changes 1/2015

Go Iraq, Go strong

[v-star 650]

thanks  yota ,  hope your  week  goes  very well  in the  pre-Christmas , light up your house , shop till ya drop events     and too all dinar vetters  too !       also  thanks laid back on the  1 2015 date line ,   I think this is  getting  closer too  the start of showing every one  what   central bank of Iraq, and  the dinar will do ... { will it rise too the cause , and support all Iraqi`s in  purchasing power ? ,  or will it stay the same  , status quo,  not up or down , but  just more  opinions by economic  students wanting to make a name for themselves } ........  the  dinar  will be and has been stable  for the last 2 or 3 years I think , the only movement we have been  shown  was the  ups and downs  the  currency dealers were putting on the  handling  of  dinar,  the central bank  put  into play  the rates  standard  on all dinar transactions ,  I think , last year or so , getting every one on the same page  as  how , and what  the charge should be for  any dinar transactions , or exchanges   .... most likely this was done too give the isx  in Iraq  , the ability too start trading in the world forums , with out the worry of  the bottom  droppin out  on the currency in the open market...  { I thought  for a few  weeks  that  the   extremist in Iraq  took the oil sold it on open markets in black market dealings  had been the reason for  the  big drop in oil ,  but  every time I put  fuel in the tank  I notice  ,  that with  my purchase of gas , and with a lot of others , it is now only  taken  10 too 15 gallons of gas  too fill up ... not the  20 too 25 gallons  like in the past  with the big  autos  and  super  tankers  we use too drive ....  maybe  the  supply  and  the demand  has  finally evened  out  .... ???    sound  logical  in my  own  thinking .....    only real  for  sure thing  we can know is ----- 1 2015  is getting closer  and  we can only hope  this is really  the   start  to the  end of this  long  ride ... with a big  profit  for  speculators    jeep 

[yota691]

Finance Minister: Iraqi dinar exchange rate remains stable

By Adminsa 9/12/2014 ten fifty a.m. | Views: 629 Font Size:  Decrease font  Enlarge font

Finance Minister: Iraqi dinar exchange rate remains stable

Brother - Follow-up

Finance Minister Hoshyar Zebari said that the exchange rate of the Iraqi dinar remained stable and did not affected by the consequences of the decline in oil and the level of positive inflation, and brought a different rate than expected by the International Monetary Fund.

Zebari said during a round of annual consultations with the International Monetary Fund ( IMF) That took place in the Jordanian capital Amman, said there relaxed by the International Monetary Fund for an agreement between the central government and the Kurdistan region to increase oil exports, and that a positive development on the Iraqi economy and central bank reserves .

Revealing the stability of the Iraqi dinar and maintaining the exchange rate against the dollar in spite of the recent economic problems, which represented a decline of world oil prices.

 

The Finance Minister Hoshyar Zebari announced yesterday that next year's budget in 2015 will be approved before the end of this year, the first budget approved before the beginning of the year. 

[k98nights]

Zebari: the dinar exchange rate remains stable

9/12/2014 0:00

Discussed with the International Monetary Fund and falling oil prices

Mohammed Jawad Al-Abdali

Accept Finance Minister Hoshyar Zebari, political, security and economic conditions, plans and programs of the government in the coming period, especially 2015 budget submission to the House of Representatives and the fight against corruption and an administrative and financial reforms.

Zebari said, in the round of annual consultations with the International Monetary Fund (IMF), which took place in Amman, Jordan: It is "reviewed the situation in the oil sector and the impact of the deterioration of oil prices and economic non-oil activity and international needs and market exchange foreign," noting that it "views the exchange about the role of the International Monetary Fund to help Iraq through this difficult phase of the Iraqi economy. "

Finance Minister explained that "consultations with the International Monetary Fund come because Iraq is an important part and a founding member of an international organization will follow up the financial and economic global situation, so our priority at this meeting to give a comprehensive picture of the economic and financial reality of Iraq and consultation as well as the challenges we face." And Zebari that "International Organization were in agreement with us in the exposure of the Iraqi economy to Sdmtin, the first confrontation with Daash on a daily basis in some provinces and drain money on military equipment and contracts for armaments, and other trauma is the decline in global oil prices", stressing Zebari, "the presence of satisfaction by the International Monetary Fund agreement between the central government and the Kurdistan region to increase oil exports, and it's a positive development on the Iraqi economy and the reserves of the Central Bank, despite their decline, "noting that the exchange rate of the Iraqi dinar remained stable and did not affected by the consequences of the decline in oil and the level of positive inflation, and brought a different expected rate by the International Monetary Fund." .

http://www.alsabaah.iq/ArticleShow.aspx?ID=82472

[Boozer]

well stable it at 1 to 1 long enough for me to get to WF

[RV on my mind]

What did I tall ya?  

[taji2]

March 9, 2015