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


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add this from yesterday...

 
 
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Economy News / special ...
 
 
 
 
Discussed a joint meeting between representatives of the Iraqi Central Bank and representatives of the Iraqi private banks and Arab and foreign operating in Iraq, which Nzth Iraqi private banks association afternoon constraints faced by banks in the implementation of mechanisms and instructions for window sell the currency.
At the beginning of the meeting, executive director of the Association of Tariq Ali in his welcome address gave a briefing to the most important paragraphs of the agenda, he said, "The importance of this meeting involving clarify and facilitate Tnfbz mechanisms and special instructions before the eyes of all banks."
For his part, director of currency window in the Central Bank of Omar Hashim main prerequisites for the implementation of new instructions and mechanisms.
This was followed by open discussion on the problems facing implementation.
Representatives have presented local and foreign private banks operating in Iraq of the 75 employees inquiries about the challenges facing the implementation and central bank representatives answered clearly on the means of implementation and smoothly.
Everyone has left good impressions from the meeting fully understands the requirements of the Central Bank in the implementation of new instructions and mechanisms for window sell the currency.
 
 
 
 
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Views 155   Added 03/12/2017 - 15:04   Last updated 12/03/2017 - 21:45   No. Content 6882
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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

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1 hour ago, ladyGrace'sDaddy said:

OH MY I'm so excited, this is going to drop 1200 and short order. Probably in line with the liberation of Mosul. 

Don't play with my emotions LGD!! DON'T YOU DO IT!!

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March 13, 2017 -  The central bank sold more than $ 410 billion since 2003 and was able to control inflation in

a21be7c1ff340606ae030deef4c484f4.jpg

 

Affirmed the financial expert, Majid picture, said on Monday that the Iraqi Central Bank sold through the sale of foreign currency window since 2003 and so far more than $ 410 billion, pointing out that the bank took control on inflation. 
A picture in a statement followed the "Treasures of the Media" that "window sell the currency today is to cover the needs of customers who are importing their goods from abroad in addition to wanting to travel, study , and also for the treatment, since 2003 and has so far sold the bank through the more than $ 410 billion in the window."
He pointed out that the picture "There are those who took advantage of the window of parasites sell the currency traders and favored the dollar exchange rate Even so, the central bank is trying to control the sale price of the dollar against the dinar."
He pointed out that the picture , " the central bank through its policy dominated the inflation despite the fact that today the only source of dollars from oil sales is not there another source as possible to glorify the dollar balance of both the central bank or the market and at the merchants."

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8 minutes ago, DWS112 said:

A picture in a statement followed the "Treasures of the Media" that "window sell the currency today is to cover the needs of customers who are importing their goods from abroad in addition to wanting to travel, study , and also for the treatment, since 2003 and has so far sold the bank through the more than $ 410 billion in the window."

DWS112 Thanks,  I'm looking forward to the day the CBI stop the daily currency auctions....:D 

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  • yota691 changed the title to Discuss the mechanisms and the instructions of the Central Bank on the currency window

Discuss the mechanisms and the instructions of the Central Bank on the currency window

 

 

   
 

 
 


3/14/2017 0:00 

BAGHDAD / morning 
discussed a joint meeting between representatives of the Iraqi Central Bank and representatives of private banks, local, Arab and foreign operating in Iraq which was organized by the Association of Iraqi private banks, constraints faced by banks in the implementation of mechanisms and instructions for window sell the currency. 
Executive Director of the Association of Tariq Ali said: "The importance of this meeting involving clarify and facilitate the implementation of mechanisms and special instructions before the eyes of all banks." 
The great debate going on dollar selling window and the intransigence of the various charges between now and then as a port for hard currency out of the country without economic feasibility. 
For his part, director of currency window in the Central Bank of Omar Hashim main prerequisites for the implementation of new instructions and mechanisms. 
The Iraqi Central Bank Governor Dr. Keywords Ali has made it clear on more than one occasion that the sale of the dollar through currency auction provides important needs of the country and maintain the smooth flow of life, was then opened for discussion on the problems facing 
implementation. 
Representatives of local and foreign operating in Iraq 's private banks was made of the 75 employees inquiries about the challenges facing the implementation and the representatives of the central bank is clearly on the means of implementation and smoothly. 
Everyone has left good impressions from the meeting fully understands the requirements of the Central Bank in the implementation of new instructions and mechanisms for window sell the currency.
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Dollar exchange in Baghdad and Erbil prices Tuesday

economy

 Since 14.03.2017 at 12:04 (Baghdad time)

13.jpg

Baghdad balances News

The dollar exchange rate against the Iraqi dinar, according to banking markets in Baghdad and the Kurdistan region, on Tuesday, day on March 14 2017.

Baghdad

Selling dollars / 100 = 125.400 dinars price

The purchase price of US $ / 100 = 125.100 dinars

Erbil

Selling dollars / 100 = 125.600 dinars price

The purchase price of US $ / 100 = 125.400 Danar.anthy 29 / A 43

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  • yota691 changed the title to Dollar exchange in Baghdad and Erbil, the prices this morning ...
 
 
12878.jpg
   
   
Economy News / Baghdad ...
 
 
 
The dollar exchange rate against the Iraqi dinar, according to banking markets in Baghdad and the Kurdistan region, which falls on Thursday morning, March 16, 2017.
 
Baghdad
Selling dollars / 100 = 125.550 dinars price
The purchase price of US $ / 100 = 125.400 dinars
 
Erbil
Selling dollars / 100 = 125.700 dinars price
The purchase price of US $ / 100 = 125.500 dinars
 
 
 
 
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Views 809   Added 16/03/2017 - 10:18   Last updated 03/16/2017 - 13:28   No. Content 6914
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Dollar drops today to 1254 dinars

9384.jpg?watermark=4
 
 

 



Recorded foreign currency markets in Iraq, on Thursday morning, decreased slightly for the price of the dollar against the Iraqi dinar. 

And record the market price at the Stock Exchange in Baghdad struggle at 1254 dinars to the dollar, ie , 125 thousand and 400 dinars for one hundred dollars, after it was yesterday at 1256 dinars. 

The buying and selling of the dollar in the prices of banking companies were: 

sales per dollar rate to 1,260 dinars, ie 126 000 dinars, for a hundred dollars. 

The purchase price of US $ 1,250 dinars, ie 125 000 dinars, for a hundred dollars. 

Foreign exchange rates: 

Euro world price: 100 euro = 106.30 dollars 

pound world price: 100 pounds = 122.76 dollars 

Turkish Lira Global Price: $ 100 = 367.66 TL 

100 USD = 130.29 AUD $ 

100 USD = 133.12 C $ 

100 US dollars = US $ 143.10 NZD

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Slightly lower dollar today to 1251 dinars

economy

 Since 03/17/2017 10:16 pm (Baghdad time)

13.jpg

BAGHDAD - balances News

Recorded foreign currency markets in Iraq, on Friday morning, decreased slightly for the price of the dollar against the Iraqi dinar.

And record the market price at the Stock Exchange in Baghdad struggle in 1251 dinars to the dollar, ie, 125 thousand and 100 dinars for one hundred dollars, after it was yesterday at 1254 dinars.

The buying and selling of the dollar in the prices of banking companies were:

The sale price of the dollar to 1255 dinars, ie 125 thousand and 500 dinars for one hundred dollars.

The purchase price of the dollar to 1245 dinars, ie 124 thousand and 500 dinars for one hundred dollars.

Foreign exchange rates:

Euro world price: 100 euro = 107.78 dollars

LB Universal Price: 100 lbs = US $ 123.66

Turkish Lira Global Price: $ 100 = 362.36 TL

US $ 100 = 130.19 Australian dollars

100 US dollars = 133.22 Canadian dollars

US $ 100 = US $ 143.10 NZD

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WOOT WOOT! :bravo: Anyone see a correlation between the market rate and the liberation of Mosul?  Everyone loves making predictions in the dinar. Including myself, so I'm going to give another prediction. Within days of each other when we see Mosul officially fully liberated we will also at the same time see 1200 in the market rate.

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The recovery of the dinar and the window of buying and selling the dollar

 

 

   
 

 
 


3/18/2017 0:00 

Samir Nasiri 
in sight at the new indications that the dinar is moving towards gradual recovery for several reasons , notably the central bank since January last application of anew system for window buying and selling the currency and the abolition of the role of intermediaries and fine control over the movement and circulation of foreign currency, as well as making sure they arrive to the last beneficiary Add Strict adherence to the banks and their cooperation with the central system in the new application. 
The recent instructions issued by the special adoption of new mechanisms central to facilitate the previous procedures routine in the use of foreign currency for the purpose of coverage of imports and the emphasis on the identification of the last beneficiary in order to maintain Iraq 's money from the misuse, where he announced Iraqi Central Bank Governor Ali Mohsen Keywords during frequent meetings with leaders the central bank will adopt in 2017 a new vision applications monetary policy for the purpose of achieving the goals set out in the law No. 56 of 2004. 
The most important of these goals to maintain the dinar 's exchange value and hedged foreign currency rate through the construction of foreign cash reserves in accordance with international standards in the calculation of the cash reserve to cover the dinar and coverage of imports entering Iraq. 
Also , the main objective the other is to maintain foreign from the use of non -economic and developmental its purpose currency, so the central work of the past two years steps deliberate and sequenced and coordinated with the government agencies concerned with maintaining the independence contained in the law where procedural and organizational and structural policy and issued a Strutijeth years (2016 --2 020) and select targets to achieve financial stability and development of the banking work technically and structurally and organizationally in order to reach financial inclusion , where he was in 2016 in the preparation and development of appropriate financial and technical foundations of the reality of the Iraqi economy and mechanisms of the banking business. 
What the form of a solid base - wide home and abroad and led to the transfer of the case of the Iraqi economy , basic Bhlqath, most notably the financial sector, the follow - up phase to the gray stage based on the report of the competent international financial organizations. 
All this has led the central bank to begin a new phase in the year 2017 based on the four pillars of the first of is work and dealing with banks with new mechanisms raise about the pressures of the previous instruction militant and granting flexibilities and allowances and the many facilities in order to achieve the central goal of economic reform and the banking relies transparency and disclosure. 
The second pillar is to deal with the banks on the basis of Matkdmh of new services and high - level banking products and restore the public banking sector confidence, in addition to the financial results and the extent of its commitment to implementing the monetary policy of the Central Bank of trends and its impact on the actual contribution to the GDP and its contribution to sustainable development and the transition from the role of banking to the developmental role. 
The third is to deal with the banks, according to the standards of classification adopted by the Central as of 2017 and actually appeared to deal with the banks and accordingly, fourth pillar is the issuance of central bank in the fifteenth of January last new mechanisms to regulate the mediation of banks between the importers and the World Bank relies facilitate procedures and controls and adopt transparency the disclosure of the ultimate beneficiary in order to achieve thegoal of the bank to maintain the exchange rate and ensure the use of foreign currency in order to meet the needs of the economy and market development ,and
.not directed
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12894.jpg
   
 
Samir Nasiri. Banking expert  
 
Loomed on the horizon , new indications that the dinar is moving towards gradual recovery for several reasons , notably the central bank since January last application of a new system for window buying and selling the currency and the abolition of the role of intermediaries and fine control over the movement and circulation of foreign currency, as well as making sure they arrive to the last beneficiary in addition to commitment flour for banks and their cooperation with the central system in the new application. 
The recent instructions issued by the special adoption of new mechanisms central to facilitate the previous procedures routine in the use of foreign currency for the purpose of coverage of imports and the emphasis on the identification of the last beneficiary in order to maintain Iraq 's money from the misuse, where he announced Iraqi Central Bank Governor Ali Mohsen Keywords during frequent meetings with leaders the central bank will adopt in 2017 a new vision applications monetary policy for the purpose of achieving the goals set out in the law No. 56 of 2004. 
The most important of these goals to maintain the dinar 's exchange value and hedged foreign currency rate through the construction of foreign cash reserves in accordance with international standards in the calculation of the cash reserve to cover the dinar and coverage of imports entering Iraq. 
Also , the main objective the other is to maintain foreign from the use of non - economic and developmental its purpose currency, so the central work of the past two years steps deliberate and sequenced and coordinated with the government agencies concerned with maintaining the independence contained in the law where procedural and organizational and structural policy and issued a Strutijeth years (2016 --2 020) and select targets to achieve financial stability and development of the banking work technically and structurally and organizationally in order to reach financial inclusion , where he was in 2016 in the preparation and development of appropriate financial and technical foundations of the reality of the Iraqi economy and mechanisms of the banking business. 
What the form of a solid base - wide home and abroad and led to the transfer of the case of the Iraqi economy , basic Bhlqath, most notably the financial sector, the follow - up phase to the gray stage based on the report of the competent international financial organizations. 
All this has led the central bank to begin a new phase in the year 2017 based on the four pillars of the first of is work and dealing with banks with new mechanisms raise about the pressures of the previous instruction militant and granting flexibilities and allowances and the many facilities in order to achieve the central goal of economic reform and the banking relies transparency and disclosure. 
The second pillar is to deal with the banks on the basis of Matkdmh of new services and high - level banking products and restore the public banking sector confidence, in addition to the financial results and the extent of its commitment to implementing the monetary policy of the Central Bank of trends and its impact on the actual contribution to the GDP and its contribution to sustainable development and the transition from the role of banking to the developmental role. 
The third is to deal with the banks, according to the standards of classification adopted by the Central as of 2017 and actually appeared to deal with the banks and accordingly, fourth pillar is the issuance of central bank in the fifteenth of January last new mechanisms to regulate the mediation of banks between the importers and the World Bank relies facilitate procedures and controls and adopt transparency the disclosure of the ultimate beneficiary in order to achieve the goal of the bank to maintain the exchange rate and ensure the use of foreign currency in order to meet the needs of the economy and market development , and not directed to other purposes.
 
Views 41   Date Added 03/18/2017 - 9:54   last updated 03/18/2017 - 13:36   No. Content 6923
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The recovery of the dinar and the window of buying and selling the dollar

33 ShowLast update: Saturday, March 18, 2017 - 12:50
The recovery of the dinar and the window of buying and selling the dollar

Loomed on the horizon, new indications that the dinar is moving towards gradual recovery for several reasons, notably the central bank since January last application of a new system for window buying and selling the currency and the abolition of the role of intermediaries and fine control over the movement and circulation of foreign currency, as well as making sure they arrive to the last beneficiary in addition to commitment flour for banks and their cooperation with the central system in the new application. The recent instructions issued by the special adoption of new mechanisms central to facilitate the previous procedures routine in the use of foreign currency for the purpose of coverage of imports and the emphasis on the identification of the last beneficiary in order to maintain Iraq's money from the misuse, where he announced Iraqi Central Bank Governor Ali Mohsen Keywords during frequent meetings with leaders the central bank will adopt in 2017 a new vision applications monetary policy for the purpose of achieving the goals set out in the law No. 56 of 2004. The most important of these goals to maintain the dinar's exchange value and hedged foreign currency rate through the construction of foreign cash reserves in accordance with international standards in the calculation of the cash reserve to cover the dinar and coverage of imports entering Iraq. Also, the main objective the other is to maintain foreign from the use of non-economic and developmental its purpose currency, so the central work of the past two years steps deliberate and sequenced and coordinated with the government agencies concerned with maintaining the independence contained in the law where procedural and organizational and structural policy and issued a Strutijeth years (2016 --2 020) and select targets to achieve financial stability and development of the banking work technically and structurally and organizationally in order to reach financial inclusion, where he was in 2016 in the preparation and development of appropriate financial and technical foundations of the reality of the Iraqi economy and mechanisms of the banking business. What the form of a solid base-wide home and abroad and led to the transfer of the case of the Iraqi economy, basic Bhlqath, most notably the financial sector, the follow-up phase to the gray stage based on the report of the competent international financial organizations. All this has led the central bank to begin a new phase in the year 2017 based on the four pillars of the first of is work and dealing with banks with new mechanisms raise about the pressures of the previous instruction militant and granting flexibilities and allowances and the many facilities in order to achieve the central goal of economic reform and the banking relies transparency and disclosure. The second pillar is to deal with the banks on the basis of Matkdmh of new services and high-level banking products and restore the public banking sector confidence, in addition to the financial results and the extent of its commitment to implementing the monetary policy of the Central Bank of trends and its impact on the actual contribution to the GDP and its contribution to sustainable development and the transition from the role of banking to the developmental role. The third is to deal with the banks, according to the standards of classification adopted by the Central as of 2017 and actually appeared to deal with the banks and accordingly, fourth pillar is the issuance of central bank in the fifteenth of January last new mechanisms to regulate the mediation of banks between the importers and the World Bank relies facilitate procedures and controls and adopt transparency the disclosure of the ultimate beneficiary in order to achieve the goal of the bank to maintain the exchange rate and ensure the use of foreign currency in order to meet the needs of the economy and market development, and not directed to other purposes.

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Transparency, trust, accountability, international regulations ... 4 pillars in place ... I wonder what is next!?:bananacamel::moneybag::tiphat::moneybag:

Was also poking around to figure out what other folks identify as '4 pillars' in the financial world (not a direct insight, but maybe a guide to the qualities sought?) 

1. Compliance Officer                                                       
2. Tailored internal policies, procedures and controls      
3. Ongoing, relevant training of employees                      
4. Independent Review for compliance                            

http://moneyservicesbusiness.com/welcome/4-pillars/

Edited by bkeiller
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History of edits:: 19.3.2017 10:50 • 103 visits readable
Dollar slightly lower today at 1252 dinars
[Oan- Baghdad] 
recorded a foreign currency markets in Iraq, today morning, decreased slightly for the price of the dollar against the Iraqi dinar.
And record the market price at the Stock Exchange in Baghdad struggle 1252.5 dinars to the dollar, ie , 125 thousand and 250 dinars for one hundred dollars. 
The buying and selling of the dollar in the prices of banking companies were: 
sales per dollar rate by 1257.5 dinars, ie 125 thousand and 750 dinars, for a hundred dollars. 
The purchase price of the dollar to 1247.5 dinars, ie 124 thousand and 750 dinars, for a hundred dollars.
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Dollar exchange rate stabilized in the stock market today

economy

 Since 03.20.2017 at 11:24 (Baghdad time)

13.jpg

Baghdad balances News

Dollar exchange rates recorded stable in local markets on Monday (March 20 2017).

Bourse struggle - Baghdad 125.300, while the stock market price of 125.250 on Sunday.

Buying and selling in shops banking rates

Dollar selling price = 125.750 dinars.

The purchase price of the dollar = 124.750 Danar.anthy 29 / A 43

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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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