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Stability of the exchange rate of the Iraqi dinar and some currencies at closing


yota691
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https://www.alsumaria.tv/mobile/news/263318/الرافدين-لا-يوجد-نية-لفتح-فروع-جديدة-في-دول-الجوار/ar......

Rafidain: There is no intention to open new branches in neighboring countries

 
 
 

13 March 2019 - 09:55

 
 
 

Economy and business

 
Rafidain: There is no ...

 

 

Alsumaria News / Baghdad
announced Rafidain Bank , Wednesday, there was no intention to open new branches in the neighboring countries, noting that the opening of branches issubject to public and joint economic conditions between countries. 

"The opening of new branches depends on general and common economic conditions between countries," the bank's information office said in a statement. "The priority of opening new branches is based on market study, need and demand." 

He added that "at the moment there is no intention to open new branches in neighboring countries, especially that the bank has seven external branches."

 

The Rafidain Bank was established pursuant to Law No. (33) of 1941 and started its business on 19/5/1941 with a paid up capital of 50 thousand Dinars. The Bank currently has 164 branches in Iraq and seven branches abroad: Cairo , Beirut , Abu Dhabi,Bahrain , Sana'a , Amman , Jabal Amman.

 
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Rafidain explains the mechanism of opening branches in neighboring countries
 
13610.jpg
 
  


 Banks


Economy News _ Baghdad

Al-Rafidain Bank announced on Wednesday that it would give priority to opening new branches in neighboring countries and the Gulf states, according to a feasibility study that will give the bank economic benefits. 
"The opening of new branches depends on general economic conditions common to countries and the priority of opening new branches based on market study, need and demand," the bank's information office said in a statement. 
He added that "at the moment there is no intention to open new branches in neighboring countries, especially that the bank has seven branches of foreign."


Views 54   Date Added 13/03/2019

http://economy-news.net/content.php?id=15.....

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  • yota691 changed the title to Rafidain explains the mechanism of opening branches in neighboring countries
 
Wednesday, March 13th
 
 
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Alsumaria News / Baghdad The 
exchange rate of the dollar fell in the stock market and local markets today, Wednesday, (March 13, 2019). 

The prices of the Kifah Stock Exchange - Baghdad 119,700 dinars compared to 100 dollars, while the prices on Tuesday was 119.850 dinars. 

Selling and buying prices in the banking shops: 

Selling price of the dollar = 120.250 dinars. 

The purchase price of the dollar = 119.250 dinars.

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8 minutes ago, NEPatriotsFan1 said:

Opening branches in neighboring countries means out of chapter 7 and fully international. Which I would believe will lead to higher exchange rate.... almost all neighboring countries other than Iran have a rate of at least .25 cents to the dollar 

Thats a good point there Bro! Hope everyone has an amazing day!

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Iraq's Rafidain Bank sets conditions for opening new branches in neighboring countries and the Gulf 

Iraq's Rafidain Bank sets conditions for opening new branches in neighboring countries and the Gulf



 Twilight News    
 6 hours ago

Al-Rafidain Bank announced on Wednesday to give priority to the opening of new branches in neighboring countries and the Gulf states, according to a feasibility study that gives the bank economic benefits.

The inauguration of new branches is dependent on general and inter-country economic conditions and the priority of opening new branches is based on market study, need and demand, the bank's information office said in a statement today.

The statement said that at the moment there is no intention to open new branches in neighboring countries, especially that the bank has seven external branches.

Keywords: 

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Date of release:: 2019/3/13 9:17  145 times read
Rafidain determines its priority by opening branches in neighboring countries and the Gulf
(Baghdad: Al-Furat News) announced the Rafidain government, giving it priority in the opening of new branches in neighboring countries and the Gulf countries according to a feasibility study that gives the bank economic benefits.
"The opening of new branches depends on the general economic conditions common to the countries and the priority of opening new branches based on the study of the market and the need and demand," the press office of the bank said in a statement received by the Euphrates News Agency. 
He said, "At the moment there is no intention to open new branches in neighboring countries, especially that the bank has seven external branches.
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 7 branches abroad (United Kingdom, Jordan, United Arab Emirates, Yemen, Sudan and Egypt)

https://www.un.org/securitycouncil/sanctions/1518/materials/summaries/entity/rafidain-bank

Address: Shreim Commercial Complex, Beat Seera St 4, Amman, Jordan
 
 
King Ghazi, Down Town, Amman
P.O.Box: 1194, AMMAN,
11118, Jordan.
Tel.: +962-6-4624367
Fax: +962-6-4658698
e-mail: rafbank@go.com.jo
www.rafidain-bank.org
   
   
   
   
   
   
   
 
 
 

 

 

 
 
 
 
 
Edited by danielchu
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Iraq’s Rafidain Bank revamps tech with Oracle

 

EXCLUSIVE. Iraq’s largest bank, Rafidain Bank, is understood to be implementing a suite of new Oracle software.

oracle-logo-180x180.jpg

Oracle is on a roll-acle!

These include Oracle Flexcube Universal Banking for core banking, Oracle Banking Digital Experience for its digital channels, and Oracle Banking Payments.

According to FinTech Futures’ sources, the deal was signed last year.

It is understood the new tech will replace Finastra’s Fusionbanking core banking system.

Rafidain is a long-standing client of Finastra, formerly Misys. It used its legacy Bankmaster system for many years, and in 2012 signed to upgrade to Fusionbanking.

Oracle says “a leading Iraqi bank” has chosen to implement these solutions in its Q2 2019 financial results report, although the name wasn’t revealed.

Neither the bank nor Oracle have replied to our comment requests.

Earlier this month, Rafidain Bank expressed its readiness to establish branches in Iran, said Secretary General of Iran-Iraq Chamber Hamid Hosseini, according to the Tehran Times.

Recently, FinTech Futures reported that Banco Votorantim in Brazil, Ghazanfar Bank in Afghanistan, Prince Bank in Cambodia, and FEDinvest in Albania were implementing Oracle FSS’s Flexcube core banking system.

 

https://www.bankingtech.com/2019/03/iraqs-rafidain-bank-revamps-tech-with-oracle/

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Ashur Bank reopens its branch in Mosul
 
13636.jpg
 
  

 Banks


Economy News _ Baghdad

The Bank of Ashour International, on Wednesday, reopened its branch in the city of Mosul after qualifying to provide banking services to citizens. 
"The Ashur International Investment Bank reopened its branch in the city of Mosul on Wednesday after an interruption of more than four years as a result of the control of criminal gangs in the city," Ashour International Bank said in a statement. 
"The re-opening of the bank's branch will contribute to the economic re-movement and reconstruction of the city after it was stopped as a result of the control of terrorist gangs," he said.


Views 70   Date Added 03/13/2019

http://economy-news.net/content.php?id=15777
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  • yota691 changed the title to The high exchange rate of the dollar against the Iraqi dinar

The high exchange rate of the dollar against the Iraqi dinar

Economy | 01:31 - 14/03/2019

 
image
 
 

BAGHDAD (Reuters 
) - US dollar exchange rates rebounded on Thursday in the Kifah and local markets, on Thursday, March 14, 2019. 
The price of the Kifah Stock Exchange - Baghdad 119,950 dinars compared to $ 100, while the prices were on Wednesday 119.700. 
Selling and buying prices in the banking shops: 
Selling price of the dollar = 120,500 dinars. 
The purchase price of the dollar = 119.500 dinars

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  • yota691 changed the title to The dollar is falling in the stock market today
 
13680.jpg
 
  

 Market


Economy News _ Baghdad

 Foreign currency markets in Baghdad recorded, on Sunday, a decline in the dollar exchange rate against the Iraqi dinar. 
The market price in the Kifah Stock Exchange in Baghdad was 1198.5 dinars per dollar, ie 119 thousand and 850 dinars per hundred dollars. 
The prices of selling and buying dollars in banking companies, was: 
the sale price of one dollar 1202.5 dinars, or 120 thousand and 250 dinars per hundred dollars. 
The purchase price of the dollar is 1192.5 dinars, or 119 thousand and 250 dinars per hundred dollars.


Views 148   Date Added 03/17/2019

 
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  • yota691 changed the title to The stability of the dollar exchange rate against the Iraqi dinar

The stability of the dollar exchange rate against the Iraqi dinar

Economy | 12:28 - 19/03/2019

 
image
 
 

Baghdad - Mawazine News 
Dollar exchange rates stabilized in the Kifah Exchange and local markets today, Tuesday (March 19, 2019). 
The prices of the Kifah Stock Exchange - Baghdad 119,950 dinars compared to 100 dollars, the same prices on Monday. 
Selling and buying prices in the banking shops: 
Selling price of the dollar = 120,500 dinars. 
The price of buying the dollar = 119.500 dinars

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image

 

A former bank manager calls for the re-establishment of the banking institution

Economy | 12:23 - 19/03/2019

 

BAGHDAD - Mawazine News 
The director-general of the former Rafidain Bank, Kazem Nashur, on Tuesday, called for the reinstatement of the General Institution for Banking Affairs. 
"Having increased the number of banks licensed in Iraq to more than seventy banks, and accumulated financial problems and requests to correct, and to raise the level of performance and participation in the decision of banking and economic activity, and to give more freedom of choice for the private sector and reduce the fever of government monopoly and stiff competition, International investment, trade and finance, and restore confidence in the Iraqi banking system locally and internationally. " 
He added: "What if the work of the General Institution for Banking Affairs is to be the sectoral body that sponsors and supports all banks, governmental and private, and to defend the traditions of banking in a society that slowly and difficultly transforms into economic freedom."

 https://www.mawazin.net/Details.aspx?jimare=38832

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13838.jpg
 
  

 Market


Economy News _ Baghdad

BAGHDAD - Foreign currency markets in Baghdad recorded a stable exchange rate against the Iraqi dinar on Wednesday. 
The market price of the Kifah Stock Exchange in Baghdad was 1900 dinars per dollar, or 119 thousand dinars for one hundred dollars. 
The prices of buying and selling dollars in banking companies were: 
the selling price of one dollar 1205 dinars, or 120 thousand and 500 dinars per hundred dollars. 
The purchase price of the dollar is 1195 dinars, or 119 thousand dinars for one hundred dollars. 
Foreign Exchange Rates Gold, Oil and Oil: 
EUR World Price: 100 Euro = 113.56 USD The 
World Price: 100 Billion = 132.65 
Turkish Lira: World Price: $ 100 = 547.10 Turkish Lira = 
Ounce Gold = $ 1305.64 
Brent = $ 67.77
The price of a barrel of US crude oil = $ 59.47.


Views 27   Date Added 03/20/2019

 
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image.php?token=a62c153684a934690def045c10478c57&size=
 
Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate


 

20-03-2019 08:06 AM 
Number of readings: 60


Agency of the orbit -

Baghdad

 

The member of the Finance Committee of Parliament Abdul Hadi al-Saadawi, on Wednesday, the intention of his committee to develop mechanisms to change the financial funds to raise the dinar exchange rate and maintain the stability of inflation.

 

"The committee will move during the current legislative term to change the fiscal and monetary policy in the country in general," Saadawi said in a statement exclusive to the newspaper / Al-Sabah and the official / Al-Madar said that "the committee is meeting with officials of the Central Bank to discuss this change during Next stage '.   

He added that 'the financial Parliament is keen  to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state', indicating that 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country '.  

"The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment."

http://www.almadarnews.org/index.php?page=article&id=53258

 

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  • yota691 changed the title to Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate
Date of release: 2019/3/20 11:15  154 times read
Stabilization of the dollar on the stock market today
The foreign exchange markets in Baghdad, Wednesday, stabilized at the exchange rate of the US dollar against the Iraqi dinar.
The market price of the Kifah Stock Exchange in Baghdad was 1900 dinars per dollar, or 119 thousand dinars for one hundred dollars. 
The prices of buying and selling dollars in banking companies were: 
the selling price of one dollar 1205 dinars, or 120 thousand and 500 dinars per hundred dollars. 
The purchase price of the dollar is 1195 dinars, or 119 thousand dinars for one hundred dollars. 
Prices of foreign, gold, oil , currency, {even the preparation of this news}: 
Euro Global Price: 100 EUR = 113.56 USD 
GBP Global Price: 100 pounds = 132.65 dollars 
Turkish Lira world price: $ 100 = 547.10 Turkish Lira 
price of an ounce global gold = 1305.64 dollar 
price Brent crude oil = $ 67.77 The 
price of a barrel of US crude oil = $ 59.47
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  • yota691 changed the title to Stability of the exchange rate of the Iraqi dinar and some currencies at closing
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