Dollar 1200 Dinars .. Test Of The Credibility Of The Central Iraqi !

[yota691]

Central Bank: procedures in determining the dollar goal rationing sell

 

 

Tuesday June 7, 2016 11:21

 

 

 

 

 

Alsumaria News / Baghdad ,  said the central bank, on Tuesday, that the procedures on determining the dollar goal rationing sell, asking all employees domain banking to abide by his decision on the sale at a price of 1200 dinars to the dollar. The director of the banking and credit control Ihsan Shomran Yasiri in an interview with Alsumaria's News " The conduct Bank on determine the sale price of the dollar in 1200 dinars comes to codify and rationalize sell , " noting that "citizens can , who are forced to buy the dollar for more than its price have submitted complaints to the Central Bank to be paid by the bank account and the firms conversion done Baaah more than the specified price . " .     He Yasiri on "citizens to get a dollar from registered as a follow - up and accountability of institutions in case bucked the FAQ , " pointing out that " the citizen who allows himself to deal with parties unknown and unregistered , not given a receipt , he wasted a chance accounting and re - rights." He called Yasiri All workers domain banking as "commitment decision because the country is fighting , " pointing out that "some of them are indifferent to what is happening in the country." He called on the Iraqi Central Bank, on Monday (June 6, 2016) citizens and merchants who pay more than 1,200 dinars for the dollar , which they purchased from banks or remittance companies to submit a complaint to him.

[yota691]

The central bank calls to file a complaint against the banks and companies that sell the dollar by more than 1,200 dinars

Monday 06-06-2016 | 5:21:50

 

 

 

J p

Twilight News / Iraqi Central Bank on Monday called on the people and merchants who are selling the dollar by more than 1,200 Iraqi dinars.

The bank said in a statement, responded to Twilight News, he was "a confirmation of the directives and instructions for prices and foreign currency exchange, the CBI calls on citizens and merchants who pay more than the amount of 1200 dinars for the dollar and who have purchased from banks or remittance companies or exchange companies (cash or money orders or letters of credit), filed a complaint to the Central Bank with the payment arrived. "

The statement added that "the increase will be paid to the buyer of the teams" by the central bank "and deducted from the account of the seller (those above)."

[sandfly]

THANKS

[yota691]

Central Bank calls from pay more than 1,200 dinars for the dollar to make a complaint to him

economy

 Since 06/06/2016 17:11 pm (Baghdad time)

 BAGHDAD - balances News

 Called on the Central Bank of Iraq, Tuesday, citizens and merchants who pay more than 1,200 dinars for the dollar, which they purchased from banks or remittance companies to submit a complaint to him.

The central bank said in a statement received / balances News /, a copy of it, he "calls on citizens and merchants who pay more than the amount of 1200 dinars for the dollar, which they bought from banks or remittance companies Ohoshrkat exchange cash or money orders or letters of credit, to submit a complaint to the Central Bank with the payment arrived, "noting that" the increase will be paid by teams to the buyer by the central bank and deducted from the account of the seller. "

The CBI said that it was "a confirmation of the directives and instructions of foreign currency exchange rates" .anthy 29/33 h

[yota691]

Central Bank: the dollar against 1200 dinars

Last updated: June 7, 2016 - 12:52

BAGHDAD: News Network Iraq called on the Iraqi Central Bank, on Tuesday, citizens and merchants who pay more than 1,200 dinars for the dollar , which they purchased from banks or remittance companies to submit a complaint to him.  He said the Iraqi Central Bank said in a statement: It calls on citizens and traders who pay more than the amount of 1200 dinars for the dollar , which they bought from banks or remittance companies Ohoshrkat exchange cash or money orders or letters of credit, to submit a complaint to the Central Bank with the arrived payment ,"noting that it" will pay the increase a difference to the buyer by the central bank and deducted from the account seller. "  The CBI said that it was" a confirmation of the directives and instructions of foreign currency exchange rates. "

[yota691]

"CBI" determines the dollar selling in the local market price of 1200 dinars

By aq -

June 7, 2016
 

 

BAGHDAD / 

The Central Bank of Iraq, on Monday, a decision to sell the US dollar in the local market price set at 1200 dinars after it reached its prices to 1300 over the past few weeks.

A statement issued by the Bank of citizens and merchants who pay more than the amount of 1200 dinars to the dollar , and who have purchased from banks or remittance companies or exchange companies with cash or money orders or letters of credit to make a complaint to the Central Bank with the arrived payment terms will be paid increase a difference to the buyer by the bank and deducted from the vendor 's account. 
The statement said that the decision was " a confirmation of the directives and instructions for foreign exchange rates."

Commenting on the statement, media advisor to Acer Jabbar bank said in a statement that "the bank will direct sanctions against offending parties are preventing them from getting into the daily auctions to sell the dollar, which held".

The Iraqi central bank sold dollars to companies registered in the amount of about 1160 dinars to the US dollar while selling prices rise in the local market to close to the barrier in 1300.

[ggdog60]

Thanks, Yota

[yota691]

Economist: Call the central bank to complain about the dollar prices of non-logical or realistic

History of edits:: 6.8.2016 18:04 • 178 visits readable

[Special Oan-] 
counting economist invite the Iraqi Central Bank, the citizens and traders to submit complaints to the bank against Almtlaibn currency prices as "unrealistic."

Dawood Al Zayer told all of Iraq [where] that " the invitation of the Central Bank of Iraq is far from reality and is not applicable and is to throw the argument on the buyer 's commercial customer has reported selling the dollar more than the price set and even if the news so do not believe he would get nothing." 
He said it "call illogical and the central bank is responsible for the delivery of the dollar real beneficiary, but the wrong policy to make the speculators of the coin are the real beneficiaries of it." 
the Central Bank of Iraq, yesterday called on citizens and traders to submit complaints to the bank against Almtlaibn prices currency, said in a statement that "the citizens The traders , who pay more than the amount of 1200 dinars for the dollar and who have purchased from banks or remittance companies or exchange companies [ in cash or money orders or letters of credit, to submit complaints to the bank with the arrived payment. " 
he added that he" will be paid increase a difference to the buyer by the bank Central and deducted from the account of the seller. "

 

[yota691]

Invite specialists criticize the central bank to complain about the dollar prices

09/06/2016

 

 

BAGHDAD / JD / .. criticized by a number of experts and specialists in the financial and economic affairs to invite the central bank to complain to him about the dollar rates, stressing that it is viable and this justified the central policy wrong, while warning of the continued rise of the dollar against the dinar under flopping winning political action cash.

The expert in financial matters on behalf of al-Tamimi, said the central bank's policy wrong to make Almtdarbon benefit from fluctuations occurring at the price of the dollar against the dinar, stressing that the central continuation of this lame policy will lead to loss of control of the dollar and thus will lead to its high price and largely against the dinar.

He said al-Tamimi told / KD /'s call last central bank to citizens and traders to submit an invitation to him against the manipulators prices, currency unrealistic and unworkable, because it is difficult that the citizen or merchant (the buyer) to submit complaint against manipulators in light of the current circumstances, stressing that it is to justify the failure of the bank's monetary Mistira his policy.

"The call comes to throw the argument on the buyer's commercial customer has reported selling the dollar more than the price set and even if the news so do not believe he would get nothing," saying it was "an invitation illogical and the central bank is responsible for the delivery of the dollar real beneficiary, but the wrong policy makes speculators of the coin are the real beneficiaries of it. "

For its part, the parliamentary finance committee suggested the rise in the dollar exchange rate against the dinar during the coming period, stressing that the central bank's tight control over the price and there is no manipulation so, as pointed out that the supply and demand in the market is one of the sets of the dollar against the dinar.

The rapporteur of the committee MP Ahmad Haji told / KD / the central bank has the experts and specialists are developing appropriate policies and plans to ensure the preservation of the local currency, stressing that the price of the dollar in the market is subject to demand and supply in the recent period demand for the dollar increased, and so perhaps will lead to the lifting of price during the coming period.

The Central Bank of Iraq, called on citizens and traders to submit complaints to the bank against Almtlaibn prices currency, said in a statement that "the citizens and merchants who pay more than the amount of 1200 dinars for the dollar and who have purchased from banks or remittance companies or exchange companies (cash or money orders or letters of credit), to submit complaints to the bank with the payment arrived. "

"It will be paid to the buyer teams increase by the central bank and deducted from the account of the seller."

The parliamentary Finance Committee revealed earlier in the submission of a proposal by some experts the central bank to raise the dollar's exchange rate against the dinar to 1330 dinars in the market, and the central studying this proposal, while some specialists warned that the implementation of this proposal being lead to higher inflation in the market and increase the price of the dollar in the domestic market to more than 1,400 Danar.anthy / 8 /

 

[yota691]

Consultant Abadi: Currency market focus monopolistic central policy weighed on the dollar cut

09/06/2016 01:05 | Number of Views: 1295

Direction Press / Baghdad

The prime minister of financial affairs adviser to the appearance of Mohammed Saleh, Thursday, that the focus of the currency market monopoly, noting that recent central policy weighed on the dollar cut.

Saleh said in a press interview: the central bank has the ability to maneuver in the market as a supporter and provider of foreign currency, "noting that" the bank can maneuver and manages the rules of the game properly and provide adequate view of the foreign currency. "
 

 

Saleh added that " the Bank 's recent decision on empowering citizens to take the difference of it and is suing the market institutions that conflicts at the expense of price is an intelligent , " adding that "there is a focus monopolistic big in the currency market." 

Saleh continued that "a bank the latest shock in market by addressing the monopoly and speculation and left after it cut through the exchange rates , "explaining that" the central bank 's large and able to deal with the monopoly and speculation that occur in the market Foundation. " 

He called on the Iraqi Central Bank, on 6 June , the current citizens and merchants who pay more than 1200 dinars for the dollar , which they purchased from banks or remittance companies to submit a complaint to him, at the time saw the dollar exchange rate gradually decrease after this decision amounted to 1260 per dollar , compared to 1300 to the dollar before the issuance of the decision.

[yota691]

Consultant Abadi: Currency market focus monopolistic central policy weighed on the dollar cut

 

Thursday June 9, 2016 12:02

 

 

 

 

 

 

Alsumaria News / Baghdad , said the Prime Minister for Financial Affairs Advisor to the appearance of Mohammed Saleh, Thursday, that the currency epicenter of monopolistic market, noting that the recent central policy weighed on the reduction of the dollar. Saleh said in an interview with Alsumaria's News, that " the central bank has the ability to maneuver in the market as a supporter and provider of foreign currency , "noting that" the bank can maneuver and manages the rules of the game properly and provide adequate view of the foreign currency. "         Saleh added that " the Bank 's recent decision on empowering citizens to take the difference of it and is suing the market institutions that conflicts at the expense of price is an intelligent , " adding that "there is a focus monopolistic big in the currency market." Saleh continued that "a bank the latest shock in market by addressing the monopoly and speculation and left after it cut through the exchange rates , "explaining that" the central bank 's large and able to deal with the monopoly and speculation that occur in the market Foundation. " He called on the Iraqi Central Bank, on 6 June , the current citizens and merchants who pay more than 1200 dinars for the dollar , which they purchased from banks or remittance companies to submit a complaint to him, at the time saw the dollar exchange rate gradually decrease after this decision amounted to 1260 per dollar , compared to 1300 to the dollar before the issuance of the decision.

[Wiljor]

Good morning Yota, lots of news about the exchange rate as of late. Everyone knows that the Iraq currency is under valued and in order to move the money, said IQD must have value. Bring purchasing power to the iqd please

[Synopsis]

3 minutes ago, Wiljor said:

Good morning Yota, lots of news about the exchange rate as of late. Everyone knows that the Iraq currency is under valued and in order to move the money, said IQD must have value. Bring purchasing power to the iqd please

I also find it interesting to see more articles appearing reporting the EU is helping Iraq to join the World Trade Organization.  There was an upcoming meeting reported as well as one in September with EU and Iraqi representatives.

Some believe the IQD needs to revalue before Iraq ascends to the WTO since Iraq is believed to need a tradable international currency to ascend to the WTO.

Looking at all the news articles, I am amazed to see how far back in the Stone Age Iraq was held by the former regime under Saddam Hussein so Saddam could promote his corruption for personal profit.  Any news article on Iraqi modernization, to me, is a quantum leap compared to Saddam Hussein era capabilities.  Any news about Iraqi modernization and international connectivity is good news but may not be all that is needed for Iraq to be a Sovereign and internationally integrated State.  I suspect the valuation of the IQD in the Saddam Hussein era of nominally 3.22 USD = 1 IQD is different than what it will be in the (hopefully) not too distant future.  The Saudi Arabian Riyal is nominally 0.266646 USD = 1 SAR while Kuwait is nominally 3.3195 USD = I KWD on www.xe.com.

[DinarThug]

CNN. Broadcasting While The Dollar Is Falling And It Can't Get Up !

 

 

(By walkingstick)

Dollar 1200 dinars .. test of the credibility of the central Iraqi

June 12, 2016

Select the Iraqi Central Bank the US dollar exchange rate of 1,200 Iraqi dinars, said in a statement issued last Tuesday and reported by news agencies, it calls on citizens and merchants who pay more than theamount of 1200 dinars for the dollar , which are purchased from banks or remittance companies or banking companies in cash or money orders or Letters of credit to make a complaint to the Central Bank with thearrived payment, it will be paid increase a difference to the buyer by the central bank and deducted from theaccount of the seller, and look at this statement , I think that the dollar will fall immediately , as the Central Bank of Iraq is the only entity that conducts the pump dollar either in the form of money orders or letters ofcredit or corporate and banking offices, but what happened raised many questions Although the statement carried a threat to deduct the difference from the vendor is committed at a specific price , but the slight decrease got the sale price of the dollar as the shift from 1290 to 1280 and then to 1270 and did not up to 1200 never, some have explained the reasons for the decline is not due to the central Iraqi statement, but because of the increased sales , including the so- called currency auction , which amounted to (142 409 372) million at a price of 1182 dinars per dollar last Thursday (9/6/201), and there are those who believe Ban sale of the dollar in 1200 dinars Cruel impossible because:

. The mechanism put forward by the CBI in the control of a futile sales that can not be applied because it is arelationship between the customer and the customer

. The difficulty of applying sanctions on banking companies because they must be accompanied by receipts and filing complaints in order to be an opponent of them

. The belief that the target of the Bank 's statement is to protect the banking offices, while the real is aggrieved citizen
. The possibility of the banks and the conversion of no dollar citizen even when it is needed

. The central bank may ignore the fact that the buying and selling of the dollar has become big business forwhom He wills
. Due to the expansion of operations dealing , buying and selling the dollar , reaching for the seller (Allbulba), the mechanism useless never

rung citizen became a citizen raises many questions about the causes of volatility in dollar exchange rate up just below down, every time the exchange rate rising to astronomical numbers and then auction sell large amounts decreases the price , at best , to 1220 and then takes to rise again up to 1300 or more Central enters a savior by increasing sales dollar decreases the dollar and then begins to rise like an integrated and coherent cycle going regularly, and prior years have not seen stability in exchange rates , despite the sales amounted to billions of dollars amounted to 13.641 billion dollars since the beginning of this year (2016) ,and even today, and these sales are likely to exceed Iraq 's revenues from oil sales after a drop in oil prices in global markets, and if the Central Bank of Iraq has not been able to maintain the stability of the dollar, the that means he has broken one of the basic tasks on maintaining the stability of exchange rates, and instability harms citizen because all the goods and services in dollar terms , and the beneficiaries of thedollar are the categories that you can get it and determine the exchange rate in local markets , it would also have an impact on reserves the state of the dollar.

In order not to move away from the heart of the matter, the statement (last Central) has vowed to violators ofsanctions did not refer to it a criminal despite the manipulation of exchange rates of felonies or economic misdemeanors, and if the sanctions are deductible differences under the lists and complaints by companies banking and others that feed on each other, it is not expected that there will be a deterrent for one , because what is required is either reconsider contexts sell the dollar in order to ensure the effective or theinvolvement of the security authorities to control prices and referral to the courts stability can also take advantage of the experience from other countries in this regard and that we should not exaggerating and call for the application of the experiences of the European countries or even the Gulf, there are experiments to countries economic, financial and monetary position ( the most difficult) is much we but have the stability of the exchange rate, as the exchange rate in Lebanon in 1500 pounds to the dollar in every place and time, Jordan has the exchange rate 70.8 Jordanian dinars per $ 100, without forgetting that all the money that ithandles the (auction) CBI did not get it from a trade and economic and events or other .

it is the people 'smoney from oil that converts it from the dollar to the dinar, which means that it is its responsibility that does not cause damage to the Iraqi people by a penny, not that the dollar is on the citizen by 1300 or shortly official price of 1182 dinars less, which means that the last statement of the bank should be prepared in atest of the credibility of the Central Bank of Iraq to fulfill the promises to the public and the ability to impose its will by force of law by making the prices exchange dinars in 1200 are already in the coming days in order to preserve his reputation and public money and the rights of citizens and reduce corruption.

http://www.kitabat.com/ar/prin...../78831.php

[Laid Back]

When the CBI ends the currency auction and give real value to the dinar this problem will be solve.

Go end of the currency auction

Go dinar

Go increase exchange rate

Go $1:1+

Go problem solve

[sandfly]

THANKS CLOWN

[yota691]

Central issued approvals to transfer a number of financial and banking companies to community banks (Details)

12-06-2016 01:31 PM    

Hits: 868

 

Orbit News -

 

 

An official source at the Central Bank, the Bank for converting a number of financial companies and banking firms to banks after they met the conditions and prevented from dealing outlets to sell the dollar.

 
The source said in a press statement, "The Central Bank has issued approvals to transfer a number of financial companies and banking to the banks of eligibility."

 
The source, who preferred anonymity, that "the central bank on the condition of these banks not to deal outlets selling the dollar to be its bank is far from a purely currency," noting that its work specializes deposits, loans and other things. "

 

[jeepguy]

sooooooo  !  almost  a week  since this  has been  going on ,   wonder how  it has  developed  ?     mass  influx  of depositors ?    huge  crowds  at  windows  looking  for  dollars  ?    { mmmm  I would  take  a guess and  say  , same `ol  same  ol    }  

[SnowGlobe7]

Something is happening....I hope its good for the value of the Iraqi Dinar

[Big_J]

19 hours ago, DinarThug said:

including the so- called currency auction

GD DV.

19 hours ago, DinarThug said:

The mechanism put forward by the CBI in the control of a futile sales that can not be applied because it is arelationship between the customer and the customer

20 hours ago, DinarThug said:

sales are likely to exceed Iraq 's revenues from oil sales after a drop in oil prices in global markets, and if the Central Bank of Iraq has not been able to maintain the stability of the dollar, the that means he has broken one of the basic tasks on maintaining the stability of exchange rates, and instability harms citizen because all the goods and services in dollar terms , and the beneficiaries of thedollar are the categories that you can get it and determine the exchange rate in local markets , it would also have an impact on reserves the state of the dollar.

HMM?

[yota691]

Everything is falling in Iraq ... but the dollar

 

8.7.2016 | (Voice of Iraq) - Add Comment - everything is falling in Iraq ... but the dollar  under the title ( the dollar falling against most major currencies), international news agencies picked up , including the agency (information) the news of the dollar 's slide against most major currencies yesterday (Friday) as investors awaited jobs data in the non - agricultural sectors in the United States for signals about the strength of the US economy, and the US currency posted consecutive gains against a basket of currencies since the vote in Britain in favor of exit from the European Union, while the decline in the pound sterling and the euro and currencies that involve high risk, including the Australian dollar, and in the Friday morning sessions , the dollar index 0.2 percent , fell to 96.167 points , and the euro rose 0.1 percent to $ 1.1067, while sterling rose 0.2% to $ 1.2935 after the British currency tumbled more than 13% since the voting British in favor of exit of the European Union on 23 June last, and dissipated the gains made by the yen ( the biggest beneficiaries of the volatile trading that followed the British separation) in early trading in Europe for being the Japanese currency traded little changed against the dollar at 100.66 yen, and the cohesion of the British pound today , near the lowest level in 31 - year - old as 0.1 percent , it rose to $ 1.2930 to remain low at about 13% from its level before the vote in favor of the British separation, sterling fell below $ 1.30 for the first time since 1985 earlier this week remained far below that level since then and record of $ 1.2798 on last Wednesday.  although the whole national calculations are denominated in dollars because oil revenues since 2003 , deposited in the development Fund for Iraq (DFI) within the US bank chain to protect Iraq 's assets from the claims and others, despite the clarity of dollarization policy in most of the internal and external financial transactions of Iraq so that most of the officials while talking about the numbers they Bzla dollar and appreciate the value of the equivalent of the Iraqi dinar, but we did not hear or touch days that our national economy might one day hit by rising value of the dollar when it was up oil sales to more than $ 120 billion a year by the decline in oil prices in 2014 for reasons that are not known for the majority of the public, all touched by the citizen that pays more dinars when purchasing goods and services , and when asked why , tell him that the dollar exchange rate has risen in the world markets, a method not deceive the simplest citizen because everyone are now know that Iraq 's sales of oil turned into the Ministry of Finance and the latter will pay the value of foreign purchases of the state to the trade Bank of Iraq TBI and give the Iraqi Central Bank dollar , which comes to us from abroad for the purpose of turning it into the Iraqi dinar to spend on the doors of the federal budget, and the way in which the dollar is converted to the dinar is through the (auction) Central Bank Iraqi who is not an auction ever, coming in banks and banking (civil) the same day , which is currently not the more than 50 which is about (shops) in order to replace the dinar to the dollar, they give the central Iraqi dinar and receive instead about the dollar at a fixed rate does not increase nor diminish during the conversion, but it turns into a real auction outside the Central Bank of Iraq (with a born Aljaibh of the people) , which amounts to not a few because they are up to 140 million dollars a day on average.  the dollar is also shown in the above could rise in terms of value and is subject to the mechanisms of supply and demand , an issue prevalent in the whole world except Iraq, value of the dollar against the Iraqi dinar unique relationship already ,because the dollar is always rises while it is impossible or rare to go up the value of the Iraqi dinar, although the only source of dollars in Iraq is the Iraqi central bank , which sells to companies and banks sales (approved) and subject to his authority at a price of 1182 dinars per dollar in sales Altkadi and 1190 dinars per dollar valuable forward, the real price in local markets outside the official pricing is KD 1280 (today 's date , for example), and as we mentioned in our article published on this site on 6/12/2016 , we challenge CBI devices that are commitment at the price specified for the sale of the market which is 1200 dinars per dollar on the basis of the statement issued by the Central dated 06.09.2016 which threatened it to take action against violators, and here is the central fails to take any action to modify the exchange rate , although he did not stop sales in the daily sessions the price has not reached 1250 since the issuance of the statement until today, the bank sold at a hearing 07/05/2016 $ 139 million in the same approved the above prices, and demonstrates that the dollar in Iraq (independent) from the dollar valuable anywhere in the world, evidence of apparent failure in the work of the relevant agencies to control the exchange rate, there we go along the international capital markets go up or down in order to reap our economy benefits oscillations, and we do not maintain a stable policy of exchange rates to protect citizens from the differences, and in the light of freedom from those two policies, the vacuum is occupancy by the whales, they who reap the benefits is not their efforts, but leased them space for free in order to take a share of the national economy and the Iraqi citizen, an issue that is not new but has become chronic because more old than 12 years and may last indefinitely if kept without processors.  Basil Abbas Khudair

 

[TennesseeCherokee]

From the tone of this article, Iraqi's are steamed that their dinar is so vulnerable to swings in value.

Here's a novel idea, take pride in your nation and give your currency it's correctly adjusted value. Get the IQD off the list of exotic currencies. Pass all of your pending banking laws. Give international investors the incentive to bring their wealth into Iraq, to grow your economy.

Complaining does nothing to positively move Iraq forward into the 21st century. 

[Wiljor]

8 minutes ago, TennesseeCherokee said:

From the tone of this article, Iraqi's are steamed that their dinar is so vulnerable to swings in value.

Here's a novel idea, take pride in your nation and give your currency it's correctly adjusted value. Get the IQD off the list of exotic currencies. Pass all of your pending banking laws. Give international investors the incentive to bring their wealth into Iraq, to grow your economy.

Complaining does nothing to positively move Iraq forward into the 21st century. 

Well said TC