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Measures to improve the Iraqi currency


yota691
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Measures to improve the Iraqi currency

 

 

         

4/13/2015 0:00 

The appearance of the morning: Required review dinar compared with the dollar 

 BAGHDAD - Farah pumice 

with the central bank from making swift action to improve the value of the Iraqi dinar against the dollar, the economic expert of new proposals to make it happen on the ground. 

decided the central bank to take based on the formats with the government action to stop the decline the dinar against the dollar in the local foreign exchange market, by doubling the share exchange companies in Auctions sale of foreign exchange, and open ports to sell the dollar in state banks are (Rafidain and Rasheed and the Iraqi trade) companies and small importers economist Dr. appearance of Mohammed Saleh suggested in this regard correct path and the value of the dinar Iraq's new prices in line with the economic situation faced by the country, saying that the official discount rate of the dinar against the dollar is unrealistic in light of Alhalah.ufema circumstances pointed to the "morning" that the central bank's reserves, which covers currency in circulation as much as time and a half, and was built on the basis of revenues oil to $ 103 a barrel, with a surplus in the balance of the Iraqi payments, but the current situation has changed from the previous to lower global oil prices as the price of a barrel generator of foreign currency for Iraq nearly $ 53, Maady to get a current account deficit of the balance of the Iraqi payments. 

Salih stressed the need lift restrictions on the Central Bank determines amounts sell the currency within Article 50 of the federal budget for the 2015 law, returned this restriction "danger" to the Iraqi market stability, as well as the pricing of the Central Bank, which do not help the stability of the existence of the market Almoizih.otans Article 50 of the Federal Budget Law 2015: "The central bank is committed to identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million dinars a day." 

As Saleh, said that the presence of the deficit in the current account of the balance of payments can not be treated in the same official pricing in place of the dinar against the dollar, what leads to the depletion of foreign currency. 

The central bank sells foreign currency in daily currency auction, specifically the US dollar by 1166 Iraqi dinars plus a commission of 21 dinars remittances and 29 dinars for Cash.

 

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Measures to improve the price of the currency and the railway link project with Iran, the most prominent economic headlines of newspapers Tuesday

 

History of edits:: 04/14/2015 12:22 • 62 visits readable

story_img_552cdaad902f6.jpg
{Baghdad: Euphrates News} topped newspapers on Tuesday, a group of economic headlines, including new measures to improve the Iraqi currency project and railway link between Iraq and Iran and other titles.
 
Sabah 
Electricity: new pricing check distributive justice 
measures to improve the Iraqi currency justice Oil expects to increase its exports at a rate of 550 thousand barrels per day, Iraqi agreement Iranian accelerate linking the railway between the two -term financial parliamentary expects decline in the dollar exchange rate: mafias manipulate prices, the price of Iraq postpones crude selling heavy. ., and Brent up to $ 60 of the Investment Authority is preparing to hold a conference of the Council of British Business decade economic Parliament (time): the use of smart card in the salaries of employees spend on aliens Babylon discussing with the International Federation of the implementation of projects on credit statement Brent up to $ 60 and OPEC approaching 55 per barrel increase in the share supplier of generators civil and governmental fuel in different parts of the capital, 10 liters per kv Constitution foreign offers to invest in the port of Fawallocation of land plots to the martyrs of the crowd in Dhi Qar opening {Tower Hanwha} in Basmajh. . and work on a similar project north of Baghdad, the new evidence of the Islamic Republic donates $ 35 million to build a bridge over the Shatt al-Arab ..zubayda confirms the completion of all the preparations related to the project .. Iraq and Iran agree to expedite the conduct connect Skki between the two countries Zora Commerce sent a second meal of flour areas Staff SalahuddinMinistries of Iraqi and Iranian transport agree to expedite the conduct Skki link between Albddin.anthy

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Think sandfly wanted to pOint this out...

"Farah pumice

with the central bank from making swift action to improve the value of the Iraqi dinar against the dollar, the economic expert of new proposals to make it happen on the ground.

decided the central bank to take based on the formats with the government action to stop the decline the dinar against the dollar in the local foreign exchange market, by doubling the share exchange companies in Auctions sale of foreign exchange, and open ports to sell the dollar in state banks are (Rafidain and Rasheed and the Iraqi trade) companies and small importers economist Dr. appearance of Mohammed Saleh suggested in this regard correct path and the value of the dinar Iraq's new prices in line with the economic situation faced by the country, saying that the official discount rate of the dinar against the dollar is unrealistic in light of Alhalah.ufema circumstances pointed to the "morning" that the central bank's reserves, which covers currency in circulation as much as time and a half,"

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Think sandfly wanted to pOint this out...

"Farah pumice

with the central bank from making swift action to improve the value of the Iraqi dinar against the dollar, the economic expert of new proposals to make it happen on the ground.

decided the central bank to take based on the formats with the government action to stop the decline the dinar against the dollar in the local foreign exchange market, by doubling the share exchange companies in Auctions sale of foreign exchange, and open ports to sell the dollar in state banks are (Rafidain and Rasheed and the Iraqi trade) companies and small importers economist Dr. appearance of Mohammed Saleh suggested in this regard correct path and the value of the dinar Iraq's new prices in line with the economic situation faced by the country, saying that the official discount rate of the dinar against the dollar is unrealistic in light of Alhalah.ufema circumstances pointed to the "morning" that the central bank's reserves, which covers currency in circulation as much as time and a half,"

 

I like what it says but as others have stated, all that Iraq keeps doing is talking in circles.   Action is what is needed, not talk.  Everyone knows that old saying...."Money talks and BS walks."

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I like what it says but as others have stated, all that Iraq keeps doing is talking in circles.   Action is what is needed, not talk.  Everyone knows that old saying...."Money talks and BS walks."

Ive heard of thier riches...

seen them spending it...

Now going international any day...

Payting the people...hcl...hca...taxes left and right...commercialization and refined banking at its finest... now intro of lower denominations...

This is all of when will it happen...not a how...why sort of thing...just a wow sort of thing...

but thats my opinion nof course

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At this stage of the game and they're still only  "talking" about doing something.............it leads me to believe we're along ways away from seeing any fruit.

 

Hope I'm wrong !

 

My thoughts exactly.   More and more, day after day,  it seems like the dinar I hold will be in my will to my kids.

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