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


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Okay this morning there was a nice F-250 Platinum Series right in front of me driving. I was so busy admiring the truck that I want so badly, that I didn't notice the tag until the very last second. T

I think so, Vomer, AND The Best Of Your Week To You!!!    My opinion is subsequent exchanges to the CBI will need to line up with tight and likewise currency conversions before any shift fro

Week of US Dollar Decline ... Boosts Iraqi Prospects (Trump statement on 3 zeros) Wednesday 28 November 2018 at 12:28 The US dollar is witnessing an unexpected decline against the Iraq

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17 minutes ago, Officiallytook said:

I was just thinking of how fast the rate will rise if they come out at .80¢ to 1 ... specially with the people being paid on cards now...and the only real solid monies is what we're holding 

...Move those "000" and see how fast I will giv'em up...

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1 hour ago, Officiallytook said:

I was just thinking of how fast the rate will rise if they come out at .80¢ to 1 ... specially with the people being paid on cards now...and the only real solid monies is what we're holding 

 

 if cbi takes the currency international traded on forex pegged to the usd or a basket of currencies it should come out strong imo close where they want the rate to be with only small fluctuations every 90 days ....... lets go 

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2 hours ago, 3n1 said:

 

 if cbi takes the currency international traded on forex pegged to the usd or a basket of currencies it should come out strong imo close where they want the rate to be with only small fluctuations every 90 days ....... lets go 

This was my thoughts but my questions really can it happen faster then 90days...I mean we woke up one day to a market crash and folks throwing them self from the top floors...can't we wake up to 3-1and us running and backflipping to the banks

Edited by Officiallytook
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26 minutes ago, Officiallytook said:

This was my thoughts but my questions really can it happen faster then 90days...I mean we woke up one day to a market crash and folks throwing them self from the top floors...can't we wake up to 3-1and us running and backflipping to the banks

 

I realize its in the past but when shabibi was sitting in the chair at the cbi he would make reference it (iqd) would change without fanfare and no one would be allowed to speculate against it .... imo i took that to mean the rate will just be different one day and that it would enter the market where he thought the country / cbi  could support it pegged to strong currency(s) with minimum fluctuations for stability .... sorry if that comes off like guru gibberish , heres hoping .... cheers dv  

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  • yota691 changed the title to Rafidain Bank opens a new branch in Baghdad to provide financial facilities

Rafidain Bank opens a new branch in Baghdad to provide financial facilities

Rafidain Bank opens a new branch in Baghdad to provide financial facilities
 


 Twilight News    
 6 hours ago

Shafaq News / Rafidain Bank announced the opening of a branch in the Husseiniya area east of Baghdad to provide banking services to citizens.

The bank's information office said in a statement today that the bank's general manager Khawla Taleb Jabbar had opened a new branch in the Husseiniya area east of the capital, which would contribute "significantly" to revive the economic movement of the judiciary and ease the burden of employees and retirees in receiving salaries. Banking provides citizens with "the best" financial services to them.

 The statement revealed the existence of a plan for the bank to open a number of branches in the coming days.

Keywords: 
 

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Rafidain Bank opens a new branch in Baghdad

 

 Since 2018-05-05 at 09:04 (Baghdad time)

1493299023_93_12.jpg

Baghdad - Mawazine News

Al-Rafidain Bank announced on Saturday the opening of a branch in the Husseiniya area east of Baghdad to provide banking services to citizens.

"The bank's general manager Khawla Talib Jabbar opened a new branch in the Husseiniya district east of the capital," the bank said in a statement.

He added that the branch will contribute significantly to revive the economic movement of the judiciary and will ease the burden of employees and retirees in receiving their salaries as well as that the bank will stimulate banking transactions for citizens and provide "the best" financial services to them, "noting that" there is a plan for the bank to open a number of branches In the coming days "

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On 1/25/2018 at 6:47 AM, yota691 said:
 
BAGHDAD / Press tomorrow: 
revealed a government source said on Thursday, that the gap between the price difference to the dollar in the market and the official exchange rate is 4%. 
The source told "Al-Gharab" that "the Central Bank of Iraq sells to banks in the window selling foreign currency dollar at 1190 dollars per dollar, which in turn funds the market and passengers and for treatment and other, and note that the difference in price for the official price and the market in the sale of the dollar, Do not exceed 4% between the two prices. "
The source said that "the problem is not within the Central Bank of Iraq in relation to the volume of sales of the dollar, because the banks are deposited in dinars and received in dollars and according to the law does not affect the financial centers is legally available, and the credibility of the entry of materials imported through the dollar or not, Following the Central Bank, such as customs and government outlets in general. "

How did they calculate this? I understand the market rate vs the official rate. I'm just not seeing the actual numbers....to be more specific, where do I find the market rate and the official rate? I refuse to listen to the gurus about this.

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  • yota691 changed the title to Know the exchange rates of the dollar and gold in Iraq ??
06-05-2018 11:48 AM
image.php?token=bfe2168422824204c6055a759ecd6ed8&size=
 


 

 

The dollar exchange rate on Sunday was slightly lower against the dinar in the local currency market. 

According to the figures, the price of selling the dollar in Baghdad today 119 thousand and 750 dinars and the purchase price 120 thousand and 750 dinars compared to $ 100. 

On the Basra Stock Exchange, the sale price today was 119 thousand and 750 dinars, and the purchase price 120 thousand and 750 dinars for one hundred dollars. 

While the price of selling the dollar on the Arbil Exchange today 119 thousand and 750 dinars, the purchase price 120 thousand and 750 dinars compared to $ 100, while yesterday was 120 thousand dinars, the purchase price 119 thousand and 800 dinars compared to $ 100. 

The price of Iraqi gold rose slightly today, at 222 thousand dinars for one weight. 

The price of a 21-carat gold weighed 222,000 today, while 221,000 also registered yesterday. 

It is noted that the weight of one gold is equal to 5 grams.

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57 minutes ago, climber7 said:

 

Excruciatingly slow.....

 

Hope we're not still here next year saying the same thing

Hear what you are saying. Hopefully we are inching to a range or number we need to be at to RV.  

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  • yota691 changed the title to Monetary stability and financial inclusion

Monetary stability and financial inclusion

   
 

 
 

Author: Mohamed Sherif Abu Maysam

07/5/2018 12:00 AM

With the start of the Financial Inclusion Week, in conjunction with the Arab Week of Financial Inclusiveness, the importance of working on monetary stability as an attractive factor for the monetary bloc in the banking arena is important for the other axes of the 
financial inclusion program . 
As the case of price fluctuations in the parallel exchange market is a factor of expulsion added to other factors contributed to and contribute to the imbalances experienced by the banking system in the country, which stands in the forefront of the lack of confidence inherited between the banking sector and the public, along with the routine pattern inherited in the mechanisms of work and increased loopholes In the series of service sale processors, as well as to the rights of the customer violations resulting from the continuation of the work patterns bureaucratic handling in public banks  
.
It seems that the introduction of the vocabulary of the national financial coverage program has been limited to intensifying efforts in the areas of introduction of technologies and means of electronic payment and delivery of electronic exchange units to the farthest point in the countryside and the city alongside the axis of public protection and the establishment of a culture of dealing with the public within the financial institutions, Devoting the axes of the banking culture, which is at the forefront of saving culture  
.
But the state of monetary stability is an important factor to instill public confidence in the national currency and a state of optimism about the decline of the role of the parallel market to the exchange market and official transactions, which will contribute to ensure the stability of the public opinion about the vulnerability of the national currency to declines that could damage the value of their savings in the banking sector Thus, with the activation of the role of the work axes of the National Financial Inclusion Program, in which the introduction of technologies through ATM units, the dissemination of banking awareness and the protection of the public, will play a major role in the withdrawal of the condensed cash mass, Rliun dinars of the total mass of cash issued by the Central Bank, amounting to about forty trillion dinars. 
With the decline of the dollar exchange rate during the past weeks to rates reached about 1190 dinars to the dollar, despite the attempts of speculators to keep the rate of 1200 dinars per dollar and promote the possibility of rising prices, but the constant stability of the exchange rate close to the exchange rate of sale at the central bank auction and 1189 dinars per dollar, pointing to what looms in the horizon of the features of real monetary stability,
which will be revealed in the coming days  
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Local produce and foreign exchange rates

   
 

 
 


07/5/2018 12:00 am 

Walid Khaled Al-Zaidi 

Foreign exchange rates in each country are affected by demand and demand. We in Iraq do not go out of this economic process. Foreign currencies such as the dollar or the euro are rising and their exchange rates fall mainly on the amount of demand by state institutions, private sector companies or individuals To facilitate the process of obtaining goods or services from abroad or in the case of travel to the countries of the world

 Different. 
What is important in this area is the request of the State institutions for foreign currency as the largest source for these currencies, because of its wide circle in economic relations and trade exchanges with different countries of the world dealing with foreign banknotes, which we have difficult currencies, or values of purchase 
 High.  
Among the things that the Ministry of Commerce needs from foreign originators are the ration card items, which are available only through the purchase of companies specialized in the supply of food mainly, to deal in foreign currencies, especially the dollar most traded in the world markets, where Iraq believes the ration card items from abroad Over the past period, it is necessary to buy (withdraw) large amounts of the dollar from the foreign exchange market to fill the 
 purchase. 
Which keeps the exchange rates of the dollar and the rest of the foreign currencies for the exchange rate of the Iraqi dinar is 
 relatively high . 
The recent action of the Ministry of Commerce, which decided to secure the flour and sugar from the local product for the purpose of distribution within the ration items to citizens. 
The most important of which is the process of buying these materials from two local crops depending on the national currency (dinar), which reduces the amount of demand for amounts as funds allocated in dollars and other foreign currencies To buy these articles of global origin and ease the financial burdens that weigh heavily on the state treasury  
.
In economics and finance, the value of needs increases mainly on the increase in demand and vice versa. The value of the dollar is lower than the value of the dinar adopted by the Ministry of Commerce to buy flour as a domestic crop and sugar as a crop and a 
 national product . 
Such behavior is an important fact that raises a very important issue for the nature of external and internal factors, which contribute to a large extent to the actual need to fall within the framework of national public requirements of domestic payments. 
It should be recalled that a group of experts and specialists in financial and economic affairs have been encouraged to process the revaluation of the Iraqi dinar against the value of the dollar and other foreign currencies depending on the frequent circulation in the purchase of ration items and not limited to international purchases that rely on foreign currency from external sources, Is a practical way out of some of the dilemmas suffered by the Iraqi national economy related to the large foreign exchange of the proceeds of Iraqi oil sold in the world crude oil markets. 
Iraq, which has risen and overcome many of the challenges and difficulties on the path of emancipation is today in a better way than to open the way for reforms and economic treatments studied that would rid the country of many constraints and self-reliance and the activation of benefits based on  national capabilities and capabilities 
.

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  • yota691 changed the title to Local produce and foreign exchange rates
1 hour ago, yota691 said:

Local produce and foreign exchange rates

   
 

 
 


07/5/2018 12:00 am 

Walid Khaled Al-Zaidi 

Foreign exchange rates in each country are affected by demand and demand. We in Iraq do not go out of this economic process. Foreign currencies such as the dollar or the euro are rising and their exchange rates fall mainly on the amount of demand by state institutions, private sector companies or individuals To facilitate the process of obtaining goods or services from abroad or in the case of travel to the countries of the world

 Different. 
What is important in this area is the request of the State institutions for foreign currency as the largest source for these currencies, because of its wide circle in economic relations and trade exchanges with different countries of the world dealing with foreign banknotes, which we have difficult currencies, or values of purchase 
 High.  
Among the things that the Ministry of Commerce needs from foreign originators are the ration card items, which are available only through the purchase of companies specialized in the supply of food mainly, to deal in foreign currencies, especially the dollar most traded in the world markets, where Iraq believes the ration card items from abroad Over the past period, it is necessary to buy (withdraw) large amounts of the dollar from the foreign exchange market to fill the 
 purchase. 
Which keeps the exchange rates of the dollar and the rest of the foreign currencies for the exchange rate of the Iraqi dinar is 
 relatively high . 
The recent action of the Ministry of Commerce, which decided to secure the flour and sugar from the local product for the purpose of distribution within the ration items to citizens. 
The most important of which is the process of buying these materials from two local crops depending on the national currency (dinar), which reduces the amount of demand for amounts as funds allocated in dollars and other foreign currencies To buy these articles of global origin and ease the financial burdens that weigh heavily on the state treasury  
.
In economics and finance, the value of needs increases mainly on the increase in demand and vice versa. The value of the dollar is lower than the value of the dinar adopted by the Ministry of Commerce to buy flour as a domestic crop and sugar as a crop and a 
 national product . 
Such behavior is an important fact that raises a very important issue for the nature of external and internal factors, which contribute to a large extent to the actual need to fall within the framework of national public requirements of domestic payments. 
It should be recalled that a group of experts and specialists in financial and economic affairs have been encouraged to process the revaluation of the Iraqi dinar against the value of the dollar and other foreign currencies depending on the frequent circulation in the purchase of ration items and not limited to international purchases that rely on foreign currency from external sources, Is a practical way out of some of the dilemmas suffered by the Iraqi national economy related to the large foreign exchange of the proceeds of Iraqi oil sold in the world crude oil markets. 
Iraq, which has risen and overcome many of the challenges and difficulties on the path of emancipation is today in a better way than to open the way for reforms and economic treatments studied that would rid the country of many constraints and self-reliance and the activation of benefits based on  national capabilities and capabilities 
.

Thank you, Yota! Do you have a link? 

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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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