Consultant Abadi: the central bank to clarify the reasons for the low value of the dinar and the high dollar

[yota691]

Consultant Abadi: the central bank to clarify the reasons for the low value of the dinar and the high dollar
Wednesday, February 4, 2015 14:57

 

[baghdad-where]

The appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi central bank demanded to clarify the reasons for the low value of the Iraqi dinar against the dollar rise in the price in the local market.

 

Said Saleh told all of Iraq [where], "the central bank need to clarify the reasons for the high price of the dollar against the dinar, though slight, and shows what actions and policies taken to preserve the value of the dinar."

 

He pointed out that "a determining central bank sales of the dollar in its daily auction was due to financial hardship, home to Iraq and maintain the bank's foreign currency reserves is linked with earnings of Iraq in the fall and rise and be maintained by reducing its demand for the dollar and cover basic it needs."

And "we have in Iraq and there are loose commercial goods in the market is not worth the import where there are stocks of durable household as materials and cars suffice Iraq for several years, but the import is continuing and this exhausts the state budget."

 

He Mshar Prime Minister for Economic Affairs, "the power of the Iraqi dinar, which is covered in foreign currency, according to the definition of the money supply more than one and a half times, but at the same time, we must achieve a balance in maintaining the amount of foreign currency exchange rates and the value of the Iraqi dinar."

 

He assured the economist and deputy governor of the former central bank "that the Iraqi dinar is strong but it needs to counter this decline Iraqi actions."

And witnessing the Iraqi market, a remarkable rise in the US dollar against the dinar as it is expected that the dollar sales decline in the central bank auction of this year, according to the law of the state budget, which began in Parliament on 29 January last is expected to be published in the official gazette in the coming days after the presidency authentication to put into effect.

 

The law stipulates that the central bank is committed to identifying sales of hard currency [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date of buy it for the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.

 

It was not known if the price of the Iraqi dinar will be affected by the application of this article and observers fear that the lack of supply of the dollar in the markets will lead to a high price Bdinar.anthy 2

[vomer]

They're loosening the lid before taking it off the jar 

[wbuse984]

This is very intriguing news...hope it is a harbinger for change in the Dinar's value...thanks for the post Yota!!

[Big_J]

GM YOTA, GM DV.   

[captl1]

lack of supply of the dollar in the markets will lead to a high price Bdinar.anthy 2

Read more: http://dinarvets.com/forums/index.php?/topic/196286-consultant-abadi-the-central-bank-to-clarify-the-reasons-for-the-low-value-of-the-dinar-and-the-high-dollar/#ixzz3QmSJpm78   Let the rumpus begin!

[yota691]

Saleh calls for the central bank to clarify the reasons for the devaluation of the dinar

04/02/2015 04:29 | Number of Views: 1

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The appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi central bank demanded to clarify the reasons for the low value of the Iraqi dinar against the dollar rise in the price in the local market.

 

Saleh said in a statement I followed, "the central bank need to clarify the reasons for the high price of the dollar against the dinar albeit slightly, and shows what actions and policies taken to preserve the value of the dinar."

 

He pointed out that "a determining central bank sales of the dollar in its daily auction was due to financial hardship, home to Iraq and maintain the bank's foreign currency reserves is linked with earnings of Iraq in the fall and rise and be maintained by reducing its demand for the dollar and cover basic it needs."

 

And "we have in Iraq and there are loose commercial goods in the market is not worth the import where there are stocks of durable household as materials and cars suffice Iraq for several years, but the import is continuing and this exhausts the state budget."

 

He Mshar Prime Minister for Economic Affairs, "the power of the Iraqi dinar, which is covered in foreign currency, according to the definition of the money supply more than one and a half times, but at the same time, we must achieve a balance in maintaining the amount of foreign currency exchange rates and the value of the Iraqi dinar."

 

He assured the economist and deputy governor of the former central bank "that the Iraqi dinar is strong but it needs to counter this decline Iraqi actions."

[captl1]

The only way to make it equal to the dollar is to raise the value 1 to1.

[uncirculd]

I'm with him, I want to know why it is low too....  ..........time to give the citizens a reason to defend their oil fields, commerce, and mainly their country from gangs and militias.   Dignity will go a long way when they can have jobs and their oil money.

[Laid Back]

I think this is part of the plan in motion.!

Put a cap of $75 million dollars on the daily auctions. will make the dollar stronger and the dinar weaker

This will help the CBI to reduce the note count in less than 4 billion notes.

GIve me your weak dinar and I give you strong dollar..... CBI

The CBI is getting ready to increase the exchange rate.!

Go Iraq

Go CBI

Go dinar

Go strong $1.13:1

[yota691]

Consultant Abadi: the central bank to clarify the reasons for the low value of the dinar and the high price of the

BAGHDAD / justice - 02/05/2015 - 1:13 | Hits: 12

The appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi central bank demanded to clarify the reasons for the low value of the Iraqi dinar against the dollar rise in the price in the local market.

Said Saleh told all of Iraq [where], "the central bank need to clarify the reasons for the high dollar rate against the dinar, though slight, and shows what actions and policies taken to preserve the value of the dinar" He pointed out that "a determining central bank sales of the dollar in its daily auction came due to financial hardship, home to Iraq and maintain the bank's foreign currency reserves is linked revenues Iraq to fall and rise and be maintained by reducing its demand for the dollar and cover the basic needs of it. "And" we have in Iraq uncontrollable commercial and there are goods in the market is not worth the import where there are stocks of durable household as materials and cars suffice Iraq for several years, but the import is continuing and this exhausts the state budget ", stressing Mshar Prime Minister for Economic Affairs," the power of the Iraqi dinar, which is covered in foreign currency, according to the monetary mass defined by more than one and half times but at the same time must achieve a balance in maintaining the amount of foreign currency exchange rates and the value of the Iraqi dinar, "and assured the economist and deputy governor of the former central bank" that the Iraqi dinar is strong but it needs to Iraqi measures to counter this decline ".oishd Iraqi market a remarkable rise in the US dollar against the dinar in terms of expected that the dollar sales decline in the central bank auction of this year, according to the law of the state budget, which began in Parliament on 29 January last is expected to be published in the official gazette in the coming days after the presidency authentication to put into Ativ.oans law that the central bank is committed to identifying sales hard currency [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date purchased for the amount and otherwise apply to the bank penalties provided in the Central Bank Act or regulations issued it, and use other banking tools to keep the power of the dinar against Atar.olm yet known whether the price of the Iraqi dinar will be affected by the application of this article and observers fear that the lack of supply of the dollar in the markets will lead to a high price Dinars   

 

[Calijim1]

I think this is part of the plan in motion.!

Put a cap of $75 million dollars on the daily auctions. will make the dollar stronger and the dinar weaker

This will help the CBI to reduce the note count in less than 4 billion notes.

GIve me your weak dinar and I give you strong dollar..... CBI

The CBI is getting ready to increase the exchange rate.!

Go Iraq

Go CBI

Go dinar

Go strong $1.13:1

Or, they could flood the market with dollars in exchange for Dinar gathering it up and not reissuing them there by lowering the note count, then increase the value.