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yota691

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

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Economy News / Baghdad ...
 
 
 
The Central Bank of Iraq, on Thursday, that the implementation of the new system applied to a window sale of foreign currency led to a marked decline in the exchange rate of the dollar against the Iraqi dinar.
 
The central bank said in a statement received "Economy News" that the new system removed the middlemen and hackers by changing requirements and actions toward simplification and transparency in the sale of foreign currency window operations, as the new system of window competition between banks believe on the basis of the extent of compliance with the rules to combat money laundering and terrorist financing.
 
He added that the new system's success and cooperation with the Iraqi banks are encouraged to take additional measures that the legitimate demand for the dollar up to the target price by applying programs and new standards and rules to achieve a clear and transparent cover those operations.
 
He noted that the control of the exchange rates in light of the challenges of economic, financial and security situations are recorded monetary policy success in absorbing large shocks to Iraq, will have to improve oil prices and the elimination of al Daesh terrorist significant impact in supporting the country's financial situation, and thus relieve the pressure on monetary policy and to allow for it to achieve greater monetary stability to the country.
 
 
 
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Views 962   Added 01/03/2017 - 14:39   Last updated 01/03/2017 - 16:37   No. Content 6819
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Economy News / Baghdad ...
 
 
 The Director General of the Department of financial operations at the central bank Alaracay Mahmoud Dagher, to sell the currency window does not deal with people, stressing that the central bank took control on inflation. 
 
Said Dagher in an interview for "Economy News", the sale of foreign currency, of course window is to conduct my time due to the adoption of Iraq on a single supplier to enter the hard currency the dollar into Iraq from oil sales, and the central bank is working on this basis for the Horn demands of customers of the dollar. 
 
Dagher and between that sell the currency at the central bank window does not deal with people, but with the institutions licensed by the Bank in accordance with the mechanisms and control of severe, indicating that the window today operates under a new system in turn helped to reduce the sale price of the dollar against the dollar. 
 
He added that the Bank has developed standards for banks that enter into currency window and on this basis will meet the demands of the dollar is a global standards operate solid banks. AJ
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Views 223   Added 03/02/2017 - 11:44   Last updated 02/03/2017 - 13:30   No. Content 6827
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Parliamentary Economy: not audit the central bank behind the deterioration of the currency smuggling

economy

 Since 03/01/2017 20:08 pm (Baghdad time)

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Special - balances News

Counting of the economic and investment commission member of the parliamentary Harith al-Harthy, Wednesday, not to audit the central bank behind the deterioration of smuggling foreign currency out of the country.

He said Al-Harthy, L / balance News /, "The committee put a lot of solutions to reduce the national industry dystrophy, but the government and customs not act upon it."

He said Al-Harthy, that "the lack of checks on the central bank had a negative role and reflected on the ground," noting that "this matter helped to deterioration of smuggling currency out of the country."

This issued CBI, today, for clarification on the decline in the dollar exchange rate against the Iraqi dinar, attributing the cause to the implementation of the new system applied to window selling foreign currency.

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Central Bank announces successful slide intruders and brokers selling the currency

01/03/2017 05:20 | Number of Views: 512

 
Central Bank announces successful slide intruders and brokers selling the currency

Direction Press / Baghdad

The Central Bank, on Wednesday, his success slide spambots intermediaries in the trading of foreign currency after the new system applied to window sell the currency, as pointed out that the new system has achieved a remarkable decline in the dollar against the Iraqi dinar.

 

The bank said in a statement obtained by "direction Press" a copy of it, "The implementation of the new system applied to a window of foreign currency sale in this bank led to a marked decline in the exchange rate of the dollar against the Iraqi dinar, where the new system removed the middlemen and hackers by changing the requirements and procedures towards simplification and transparency in the sale of foreign currency operations window. "

 

"The new system provides a window for competition among banks on the basis of the extent of compliance with the rules to combat money laundering and terrorist financing."

 

The bank, that "the success of the new system and cooperation with the Iraqi banks are encouraged to take additional measures that the legitimate demand for the dollar up to the target price by applying programs and new standards and rules to achieve a clear and transparent cover those operations."

 

He pointed out that "control over the exchange rates in light of the challenges of economic, financial and security situations are recorded monetary policy success in absorbing large shocks to Iraq, will have to improve oil prices and the elimination of aggregates Daesh criminal significant impact in supporting the country's financial situation, and thus relieve the pressure on policy cash and make way for it to achieve greater monetary stability to this country. "

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03/01/2017 (21:01 pm)   -   the number of readings: 548   -   thenumber (3866)
 
 
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 Baghdad / term 
 

It attributed the Central Bank of Iraq, on Wednesday, the reasons for the low exchange rate of the US dollar against the Iraqi dinar in the local markets , to implement the new system , the application window to sell foreign currency, stressing his intention to take additional measures to reach the target price. 
The bank said in a statement obtained (range) , a copy of " The implementation of the new system applied to a window sale of foreign currency led to a marked decline in the exchange rate of the dollar against the Iraqi dinar," noting that " the new system removed the middlemen and hackers by changing the requirements and procedures towards simplification and transparency in the sale of foreign currency window operations, as the new system of window competition between banks believe on the basis of the extent of compliance with the rules to combat money laundering and terrorist financing. " 
The statement added that " the new system 's success encouraged to take additional measures that the legitimate demand for the dollar up to the target price by applying programs and new standards and rules check the clarity and transparency of these operations to cover" 
the statement said, " The control of the exchange rates in light of the challenges and economic conditions the financial and security record of monetary policy success in absorbing large shocks to Iraq , "stressing that" the improvement in oil prices and the elimination of al Daesh terrorist will be a significant impact in supporting the country 's financial situation, and thus relieve the pressure on monetary policy and to allow them the opportunity to achieve more stability cash for this country. " 
And continued dollar in the local market prices decline which saw stocks struggle - Baghdad declined to prices Wednesday 125.100, while the stock market prices to last Sunday 125.500, as the buying and selling prices in shops banking sell dollar = 125.500 dinars have seen, and the purchase price of the dollar = 124.500 dinars . 
Experts in economic affairs believed to be for speculation of some banks and banking and monopoly currency is the main reason for the fluctuation of exchange rates in the market, and swung the fall in the exchange rates, after the central bank measures introduced foreign currency as well as sell the currency for travelers, became available in local markets, stressing at the same time that the movement of trade at the present time have been recorded fold over the same period last year, as well as local market trading indicators and keep citizens in foreign currency owned by him , led him to reduce the demand for the dollar, which form the low dollar exchange rate against the week , the Iraqi dinar the past.

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The US Dollar Declines in Iraq as Banks Adopt New Policies

It added that the competition among the banks in abiding by anti-money laundering and financing terrorism were the main reasons for the decline.

Screen_Shot_2017-03-02_at_12.35.39.png_LARGE_ba9755d50920170302123548.jpg
Date Added
Thu 2nd Mar

The decline in the US dollar in Iraq has been attributed to the adoption of new regulations enforced by the Central Bank of Iraq, according to a statement released in which the outline of new procedures was laid out. 

CBI announced that the policy was leading to “pushing aside the intermediaries” through more transparent procedures to sell the foreign currency. 

The exchange rate is at 5000 Iraqi dinars for each 100 dollars. 

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1 hour ago, yota691 said:
Screen_Shot_2017-03-02_at_12.35.39.png_LARGE_ba9755d50920170302123548.jpg
Date Added
Thu 2nd Mar

The exchange rate is at 5000 Iraqi dinars for each 100 dollars. 

This is HUGE!!!! GO RVvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv

 

B/A

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I'm sorry. I didn't have time to read the entire post. But, I did notice the "blue numbers" at the bottom. ("The exchange rate is at 5000 Iraqi dinars for each 100 dollars")

Isn't that $.02 per Dinar..? 

Versus the old exchange rate of $.00086 per Dinar. 

 

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So,  it's early yet.  Still drinking my coffee. 

If my math is right...

$20,000 per million Dinar???

where can I exchange a mill?

 

 

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5 minutes ago, cws said:

So,  it's early yet.  Still drinking my coffee. 

If my math is right...

$20,000 per million Dinar???

where can I exchange a mill?

 

 

I'm with you brother... Let me know when you find out!!!!! THIS IS AWESOME!!!!!

 

B/A

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Haha! You go ahead and sell yours for that, have you seen how much rebuilding Iraq has to do in the near future? LOL the dinar will be at 4.00 or more to 1.00 usd real SOON! Just get ride of Isis.

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8 minutes ago, KDuesing said:

Haha! You go ahead and sell yours for that, have you seen how much rebuilding Iraq has to do in the near future? LOL the dinar will be at 4.00 or more to 1.00 usd real SOON! Just get ride of Isis.

From your mouth to GOD'S EARS. 

:praying:

 

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8 minutes ago, KDuesing said:

Haha! You go ahead and sell yours for that, have you seen how much rebuilding Iraq has to do in the near future? LOL the dinar will be at 4.00 or more to 1.00 usd real SOON! Just get ride of Isis.

I might cash in a bill so I can buy a few cocktails... Just for grins and giggles... I'm not ready to sell the farm just yet.

 

B/A

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Two bills would pay for each million I bought. That make the rest FREE MONEY!!!!!! Go RVvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv

 

B/A

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I just bought 2 million more in the past 2 weeks. It needs to go higher so I can buy a bigger house. Come on RV!!!!! ♡♡♡

Edited by Rmc10
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Didn't they say one time that the 25,000 note will be good for 10 years after the initial RV at some point in time? I wish I could remember where I read that. Read too many things in the past 6 years. Lol!!!!

Edited by Rmc10
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Did the fuse just get lit ?

If so here comes the            B;)B)M

Go RV

Go RI

Go on Vacation!!!

Edited by Tubbs
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2 hours ago, yota691 said:

The US Dollar Declines in Iraq as Banks Adopt New Policies

It added that the competition among the banks in abiding by anti-money laundering and financing terrorism were the main reasons for the decline.

Screen_Shot_2017-03-02_at_12.35.39.png_LARGE_ba9755d50920170302123548.jpg
Date Added
Thu 2nd Mar

The decline in the US dollar in Iraq has been attributed to the adoption of new regulations enforced by the Central Bank of Iraq, according to a statement released in which the outline of new procedures was laid out. 

CBI announced that the policy was leading to “pushing aside the intermediaries” through more transparent procedures to sell the foreign currency. 

The exchange rate is at 5000 Iraqi dinars for each 100 dollars. 

Yota. Maybe I'm and idiot in this, but where is it showing that rate? Thx

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