Popular Post dinareffic Posted March 31, 2018 Popular Post Report Share Posted March 31, 2018 Central Bank: We have succeeded in ending the exchange rate gap The head of the central bank's financial operations, Mahmoud Dagher, said Saturday that the central bank's three-pronged strategy has contributed to the reform and development of the banking sector. Dagher said during a seminar held on the ground of the Baghdad International Fair entitled "Challenges of the banking sector and the reform strategy" and attended by "Economy News", "The reform carried out by the Central Bank, based on three axes, the first close the exchange rate gap, Carrying out financial inclusion and settling salaries and the third related to the process of technical development within the banking system. He stressed that "these axes constitute the basis of the strategy of the Central Bank to develop the banking system." During the seminar, the Director of Financial Statistics at the Central Bank talked about identifying the challenges coming from the external environment, which included public banks and the science of low capital, as well as the absence of law in the process of achieving the shortcomings of the customers towards banks. The director of risk management at the Bank of Baghdad, Nabil Abdel-Hur Toman, talked about the political risks and their relationship to foreign investment. "Any country with high political risk will prevent the foreign investor from coming to it," Toman said. "We need to develop a methodology and strategy for the coming years related to planning, measuring and analyzing risks to minimize their impact." And that the reduction of risk requires the participation of the government and the central bank and investment bodies as well as the banking sector. He pointed out that "Tuman should provide a saving investment environment to the successful investor has a sophisticated banking system and fixed laws and investment facilities for taxation," adding that "Iraq during 2014-2015 was ranked sixth in the world on the level of political risk, according to international reports" . In turn, the financial adviser to the Association of Iraqi Private Banks, Samir Nusairi, explained during a speech at the symposium that "the challenges facing the banking sector is not the last responsible, but the structural imbalance in the economy in general." He stressed the need for a clear methodology to overcome this structural imbalance, which is reflected in the inability of non-oil revenue and the deficit of the general budgets of the state as well as the balance of payments deficit and other aspects related to infrastructure. He pointed out that the banking sector, under the leadership of the Central Bank of Iraq and according to the strategy of the last years 2016 2020, has been able to achieve good results in the development of the banking sector, including financial inclusion and the settlement of salaries. http://economy-news.net/content.php?id=11763 4 3 16 Quote Link to comment Share on other sites More sharing options...
climber7 Posted March 31, 2018 Report Share Posted March 31, 2018 Is this saying it's now 1-1? The 'gap' is ended.... Quote Link to comment Share on other sites More sharing options...
navira45 Posted March 31, 2018 Report Share Posted March 31, 2018 Talks about the official rate n the market rate, climber 1 1 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted March 31, 2018 Report Share Posted March 31, 2018 Excellent! Thanks dinareffic! 1 Quote Link to comment Share on other sites More sharing options...
navira45 Posted March 31, 2018 Report Share Posted March 31, 2018 The rate should go up after the budget is officially publish in the gazzette . 3 1 5 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted March 31, 2018 Report Share Posted March 31, 2018 Nice find Dinariffic! And yes I believe this is talking about the market rate and official rate.... but hopefully it means we are close to the big dance 4 Quote Link to comment Share on other sites More sharing options...
climber7 Posted April 1, 2018 Report Share Posted April 1, 2018 21 minutes ago, navira45 said: Talks about the official rate n the market rate, climber Ok, thank you! I got injured and am on strong meds making me loopy 1 2 Quote Link to comment Share on other sites More sharing options...
navira45 Posted April 1, 2018 Report Share Posted April 1, 2018 Let's bump this...we are here folks. Get ready to do the dance this week 1 Quote Link to comment Share on other sites More sharing options...
wc41 Posted April 1, 2018 Report Share Posted April 1, 2018 The link tells all!🙂 Dinareffic thanks for the find and translation 🎯 2 Quote Link to comment Share on other sites More sharing options...
Rmc10 Posted April 1, 2018 Report Share Posted April 1, 2018 I hope this means we are close. 3 Quote Link to comment Share on other sites More sharing options...
navira45 Posted April 1, 2018 Report Share Posted April 1, 2018 Rmc, I should say we are done with close. Get ur dancing shoes ready, haha 2 Quote Link to comment Share on other sites More sharing options...
Rmc10 Posted April 1, 2018 Report Share Posted April 1, 2018 3 minutes ago, navira45 said: Rmc, I should say we are done with close. Get ur dancing shoes ready, haha Thank you for the encouragement Navira. I needed that today. ♡ 3 Quote Link to comment Share on other sites More sharing options...
Flash101 Posted April 1, 2018 Report Share Posted April 1, 2018 I see nothing about 1-1 Can anyone translate the link 101 Quote Link to comment Share on other sites More sharing options...
Catluver67 Posted April 1, 2018 Report Share Posted April 1, 2018 1 minute ago, Flash101 said: I see nothing about 1-1 Can anyone translate the link 101 There’s nothing about 1-1 they are talking street rate and market rate. 1 Quote Link to comment Share on other sites More sharing options...
eunola Posted April 1, 2018 Report Share Posted April 1, 2018 Now this makes me look forward to Monday! Seems as if things are shaping up very nicely for what we all have been waiting on. Thanks dinarerrific! 2 Quote Link to comment Share on other sites More sharing options...
Flash101 Posted April 1, 2018 Report Share Posted April 1, 2018 3 hours ago, Catluver67 said: There’s nothing about 1-1 they are talking street rate and market rate. The two should be close. 101 Quote Link to comment Share on other sites More sharing options...
Justin L Posted April 1, 2018 Report Share Posted April 1, 2018 🙏🏻🙏🏻🙏🏻 Quote Link to comment Share on other sites More sharing options...
wc41 Posted April 1, 2018 Report Share Posted April 1, 2018 Flash, the original post is the translation, I think 🤔 yes?? Quote Link to comment Share on other sites More sharing options...
Flash101 Posted April 1, 2018 Report Share Posted April 1, 2018 3 hours ago, wc41 said: Flash, the original post is the translation, I think 🤔 yes?? I was looking for more info if that was. Thnx 101 Quote Link to comment Share on other sites More sharing options...
wc41 Posted April 1, 2018 Report Share Posted April 1, 2018 1 minute ago, Flash101 said: I was looking for more info if that was. Thnx 101 Ah yes, definitely! Quote Link to comment Share on other sites More sharing options...
presence Posted April 1, 2018 Report Share Posted April 1, 2018 Well, I guess this answers the 90-daytequirement for exchange-rate stability. I personally think the latter 90-day requirement is a 'bunch of bull' , and from the lonks of this article it appears that the +\- 2% requirement has st least been satisfied. Go RV! Go Iraqi New Year (Chaldean Babylonian Calendar) and... Go 3-day break from trading in Western markets - per Shabibi's (back in the day statement/requirement!) 7 Quote Link to comment Share on other sites More sharing options...
jb4388 Posted April 1, 2018 Report Share Posted April 1, 2018 I wonder if this will have any affect on ISX trading tomorrow? Quote Link to comment Share on other sites More sharing options...
Maserati Posted April 1, 2018 Report Share Posted April 1, 2018 April Fool, right??? 1 2 1 Quote Link to comment Share on other sites More sharing options...
"Fred" Posted April 1, 2018 Report Share Posted April 1, 2018 1 hour ago, climber7 said: Ok, thank you! I got injured and am on strong meds making me loopy I’ll take whatever you have left, no sense wasting it 😀 1 1 Quote Link to comment Share on other sites More sharing options...
Rmc10 Posted April 1, 2018 Report Share Posted April 1, 2018 (edited) April Fools is tonight/tomorrow. 😆 This is dated 3/31 Edited April 1, 2018 by Rmc10 2 3 Quote Link to comment Share on other sites More sharing options...
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