The Central Bank sets out a number of measures to stop the financing of terrorism and anti-money laundering

[yota691]

 

The Central Bank sets out a number of measures to stop the financing of terrorism and anti-money laundering

Economie

10:27

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Baghdad / Al-Ghad Press: 
The Central Bank of Iraq that it is continuing to cut funding for terrorist groups, stressing the existence of significant international support on this file. 
A source from the Central Bank of Iraq told "Al-Gharab Press" on Monday that "the bank has taken a number of measures, including withdrawal of licenses of exchange companies located in conflict areas, in addition to stop any transfer of any kind to those areas," pointing out that "The bank follows the sources of funding and stop the amounts transferred and immovable to persons who prove them to be terrorist convictions.
The source pointed out that "there is broad international cooperation to combat money laundering and terrorism financing in terms of identifying the names and entities, in addition to the training and rehabilitation and the exchange of information in a transparent manner," noting that "the perpetuation of the terrorist act in Iraq is the financial funding prompting the Central Bank to cut funding for these totals Terrorism ". 
The source said that "the preacher of the terrorist seized about 121 branches of government and private banks, including the branch of the Central Bank in the province of Nineveh after controlling a number of provinces (Anbar, Salahuddin, Diyala, Nineveh) in 2014.

[jeepguy]

O.k.  now that you have cut the terrorist money off ,. There is no NO. Dang excuse to not raise the value of dinar ,  get it up to 50 cents .  Irsw has made leaps and bounds in the last 4 years , it is time to move the bar ....

[Rabbi]

What the CBI really needs to do is to end the auctions!!  That'll cause an instantaneous increase in the demand for the dinar.   From the supply-demand graph in Economics 101:  An increase in the demand for an item, while supply remains constant, results in a corresponding increase in the price of that item.  In the case of the IQD, that "price" is it's exchange rate against the other currencies.  So, an instantaneous increase in the demand for the IQD will result in an instantaneous increase in the exchange rate of the IQD.  There's your RV!!!! 

[Bunk]

4 minutes ago, Rabbi said:

What the CBI really needs to do is to end the auctions!!  That'll cause an instantaneous increase in the demand for the dinar.   From the supply-demand graph in Economics 101:  An increase in the demand for an item, while supply remains constant, results in a corresponding increase in the price of that item.  In the case of the IQD, that "price" is it's exchange rate against the other currencies.  So, an instantaneous increase in the demand for the IQD will result in an instantaneous increase in the exchange rate of the IQD.  There's your RV!!!! 

 

4 minutes ago, Rabbi said:

There's your RV!!!! And Instantaneous 

 

[Wiljor]

1 hour ago, Rabbi said:

What the CBI really needs to do is to end the auctions!!  That'll cause an instantaneous increase in the demand for the dinar.   From the supply-demand graph in Economics 101:  An increase in the demand for an item, while supply remains constant, results in a corresponding increase in the price of that item.  In the case of the IQD, that "price" is it's exchange rate against the other currencies.  So, an instantaneous increase in the demand for the IQD will result in an instantaneous increase in the exchange rate of the IQD.  There's your RV!!!! 

 

Bring it on, we are ready  

[10 YEARS LATER]

This sounds way to logical for these Pin Heads to grasp - guess we'll see soon enough. 

[jeepguy]

No that's not good enough , they need more dipsticks to do therory economic idea , that will baffle the citizens of iraq ,. Same old stuff (. Thanks Iraq keep the dollar high , and the people poor )

[boosterbglee]

These "Technocrats" in the GOI, CBI, Parliament or whatever are over analyzing this whole thing...what Rabbi said is very logical and simple!

[Laid Back]

Remove exchange control.... The auctions are the root of the problem.

 

its time to give real market value to the IQD.

 

Go new monetary policy 

Go end of MCP 

Go real market value 

[ChuckFinley]

7 hours ago, Rabbi said:

What the CBI really needs to do is to end the auctions!!  That'll cause an instantaneous increase in the demand for the dinar.   From the supply-demand graph in Economics 101:  An increase in the demand for an item, while supply remains constant, results in a corresponding increase in the price of that item.  In the case of the IQD, that "price" is it's exchange rate against the other currencies.  So, an instantaneous increase in the demand for the IQD will result in an instantaneous increase in the exchange rate of the IQD.  There's your RV!!!! 

  

[10 YEARS LATER]

Everyone and their Granny knows these auctions have to be stopped . . . But they just can't bring themselves to do it, can they.?  

[WheresmyRV?]

12 minutes ago, 10 YEARS LATER said:

Everyone and their Granny knows these auctions have to be stopped . . . But they just can't bring themselves to do it, can they.?  

Most likely not, why cut off their endless money supply?  The goi is run  by greed alone and I don't see them stopping the auctions anytime soon.