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Report: Saudi Arabia seizes 48% of foreign currency reserves for Arab countries


yota691
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The CBI is movíng the banking system and the economy in the right direction.

 

- The central bank's monetary policy will continue to play an active role in maintaining exchange rates and reducing the gap between official and market prices.

 

- building the state to improve the financial and economic situation in Iraq.

 

- reserves exceeding $60 billion dollars

 

- enable the Iraqi government to pay early remittances and increase the value of reserves to higher levels.

 

- central bank role in controlling the inflation rate and reaching the low levels of less than (1%) to maintain the general level of prices and attract investment.

 

- the central bank ensures the safety of the financial system,

 

- in the next phase as the bank of the State to promote the Iraqi economy and support for reconstruction and investment efforts, which was the implementation of the largest lending initiative for the housing sector has exceeded two trillion dinars and other lending programs .

 

Go CBI

Go new monetary policy 

Go RV

Go $1:1

 

 

 

 

 

Edited by Laid Back
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2 hours ago, Laid Back said:

The CBI is movíng the banking system and the economy in the right direction.

 

- The central bank's monetary policy will continue to play an active role in maintaining exchange rates and reducing the gap between official and market prices.

 

- building the state to improve the financial and economic situation in Iraq.

 

- reserves exceeding $60 billion dollars

 

- enable the Iraqi government to pay early remittances and increase the value of reserves to higher levels.

 

- central bank role in controlling the inflation rate and reaching the low levels of less than (1%) to maintain the general level of prices and attract investment.

 

- the central bank ensures the safety of the financial system,

 

- in the next phase as the bank of the State to promote the Iraqi economy and support for reconstruction and investment efforts, which was the implementation of the largest lending initiative for the housing sector has exceeded two trillion dinars and other lending programs .

 

Go CBI

Go new monetary policy 

Go RV

Go $1:1

 

 

 

 

 

Damn it LB Go $1:3!!!! Get it right!!! 😂

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  • yota691 changed the title to Iraqi cash reserves fall by half in 2021
image.php?token=ac0ecffc6a388145b2971064341313d0&size=

 

Agency of the orbit -

BAGHDAD - 

A report by the Center for Policy-making on Saturday showed a table showing the decline in Iraq's foreign exchange reserves, while it will decline in early 2021. The 

table shows' the continuous decline in the actual and projected foreign exchange reserves in Iraq and how they seemed to decrease from 2013 And what is expected in the years to 2021 '.

 
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Decrease in Iraqi cash reserves
15/12/2018 02:46 PM | 
Decrease in Iraqi cash reserves
A report by the Center for Policy-making on Saturday showed a table showing the decline in Iraq's foreign exchange reserves, while it will decline in early 2021. The table shows' the continuous decline in actual and projected foreign exchange reserves in Iraq and how they seemed to decrease from 2013 onwards Expected in the years up to 2021 '.

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  • yota691 changed the title to Central Bank: Reserve of foreign currency grew by 32.6%
 
8550.jpg
Central Bank of Iraq
  

 Banks


Economy News Baghdad:

The Central Bank of Iraq, that foreign reserves grew by 32.6% during the year 2018, noting that Iraq's reserves of gold amounted to 96 tons.

The Central Bank of Iraq (CBE) said in a press release that the foreign reserves annual report showed a positive performance in 2018 compared with 2017. Foreign reserves grew by 32.6 percent, driven mainly by the positive difference between the bank's purchases of the dollar from The Ministry of Finance and sales through the window selling foreign currency in addition to the profits realized from the proceeds of the investment portfolio in various segments.

"At the portfolio level, the portfolio in US dollars in 2018 grew by almost 25 percent from 2017 as a result of the positive difference between the central bank's purchases of the US dollar and its sales, as well as the conversion of a large part of the other currencies resulting from The maturity of some investment instruments and returns on them to the currency of the US dollar. "

He explained that "gold rose in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the reserves of gold at the Central Bank of Iraq by nearly 96 tons in 2018, Iraq comes in fifth place in the Arab world rank 37 In terms of possession of gold reserves, Iraq was one of the largest buyers of gold in 2018 along with India, China and Kazakhstan.

"Investment in Islamic bonds issued by the Islamic Development Bank in 2018 increased by more than 33% in 2017," he said.


Views 108   Date Added 03/19/2019

 
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Looks like the CBI is doing well..... Even with the daily auctions around

$150 to $200 million dollars a day

 

foreign currency reserves growing $62.5 billion dollars 

Gold reserves growing 96.5 tons of gold

 

Oil prices today

WTI  $58.91

Brent $67,14

 

Infltion +/-2%

 

For how long do you think the CBI could operate at the rate 1190 dinars per dollar?

 

For now I don’t see any rush or pressure to RV 

 

Go CBI

Go reserves 

Go growth 

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Central Bank: Reserve of foreign currency grew by 32.6%
 
8550.jpg
Central Bank of Iraq
  

 Banks


Economy News Baghdad:

The Central Bank of Iraq, that foreign reserves grew by 32.6% during the year 2018, noting that Iraq's reserves of gold amounted to 96 tons.

The Central Bank of Iraq (CBE) said in a press release that the foreign reserves annual report showed a positive performance in 2018 compared with 2017. Foreign reserves grew by 32.6 percent, driven mainly by the positive difference between the bank's purchases of the dollar from The Ministry of Finance and sales through the window selling foreign currency in addition to the profits realized from the proceeds of the investment portfolio in various segments.

"At the portfolio level, the portfolio in US dollars in 2018 grew by almost 25 percent from 2017 as a result of the positive difference between the central bank's purchases of the US dollar and its sales, as well as the conversion of a large part of the other currencies resulting from The maturity of some investment instruments and returns on them to the currency of the US dollar. "

He explained that "gold rose in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the reserves of gold at the Central Bank of Iraq by nearly 96 tons in 2018, Iraq comes in fifth place in the Arab world rank 37 In terms of possession of gold reserves, Iraq was one of the largest buyers of gold in 2018 along with India, China and Kazakhstan.

"Investment in Islamic bonds issued by the Islamic Development Bank in 2018 increased by more than 33% in 2017," he said.


Views 368   Date Added 19/03/2019

 


  http://economy-news.net/content.php?id=15868

 

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Looks like the CBI is doing well..... Even with the daily auctions around

$150 to $200 million dollars a day

 

foreign currency reserves growing $62.5 billion dollars 

Gold reserves growing 96.5 tons of gold

 

Oil prices today

WTI  $58.91

Brent $67,14

 

Infltion +/-2%

 

The economy is improving at the actual rate of 1190

 

For how long do you think the CBI could operate at the rate 1190 dinars per dollar?

 

For now I don’t see any rush or pressure to RV 

 

Go CBI

Go reserves 

Go growth 

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Central Bank reveals the annual report of foreign reserves .. Positive performance in 2018

Economy | 04:23 - 19/03/2019

 
image
 
 

 

BAGHDAD - 
The central bank issued its annual reserves report on Tuesday, recording a positive performance of foreign reserves in 2018 compared to performance in 2017. 
"The annual report of foreign reserves showed a positive performance in 2018 compared to 2017 as foreign reserves grew by 32.6%, driven by the positive difference between the bank's purchases of dollars from the Ministry of Finance, Financial and sales through the window selling foreign currency in addition to the profits from the proceeds of the investment portfolio in various segments.
"At the portfolio level, the portfolio in US dollars in 2018 grew by almost 25 percent from 2017 as a result of the positive difference between the central bank's purchases of the US dollar and its sales, as well as the conversion of a large part of the other currencies resulting from The maturity of some investment instruments and returns on them to the currency of the US dollar. " 
"The gold sector rose in value in 2018 by about 6% than it was in 2017, as a result of increased investment in this asset, and the gold reserves of the Central Bank of Iraq nearly 96 tons in 2018, Iraq comes in fifth place in the Arab and 37 Globally in terms of gold reserves. Iraq was one of the largest buyers of gold in 2018 along with India, China and Kazakhstan. "
"Investments in Islamic bonds issued by the Islamic Development Bank in 2018 have increased more than in 2017 by about 33 percent," he said. 
"The portfolio in the Australian dollar in 2018 rose almost 1.6% compared to 2017, due to the rise in deposit yields added to the original deposit balance. In early 2018, . 
He explained that "the Department of Reserves sponsors the importance of geographical distribution of investments, and diversification of foreign reserves of the Central Bank of Iraq in terms of investment tool and medium term."

141932019fb2ecde5-7fce-4a0c-8362-36164a0

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Tuesday 19 March
 
 
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Alsumaria News / Baghdad

 

The Central Bank of Iraq announced on Tuesday the increase of foreign reserves for 2018 by 32.6%, stressing the rise in the value of gold in the same year by 6% than in 2017.
 
"The annual report of foreign reserves showed a positive performance in 2018 compared to 2017 as foreign reserves grew by 32.6%, driven by the positive difference between the bank's purchases of the dollar From the Ministry of Finance and its sales through the window selling foreign currency in addition to the profits realized from the proceeds of the investment portfolio in various segments.

 

 
"At the portfolio level, the portfolio in US dollars in 2018 grew by almost 25 percent from 2017 as a result of the positive difference between the central bank's purchases of the US dollar and its sales, as well as the conversion of a large part of the other currencies resulting from The maturity of some investment instruments and returns on them to the currency of the US dollar. "
 
The bank noted in its report that "the gold segment has increased in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the gold reserves of the Central Bank of Iraq by about 96 tons in 2018," noting that " Iraqranks fifth in the Arab world and ranks 37th globally in terms of gold reserves. Iraq was one of the largest buyers of gold in 2018 along with India , China and Kazakhstan."
 
"The increase in investments in Islamic bonds issued by the Islamic Development Bank in 2018 than in 2017 and by about 33%," he said, adding that "the portfolio in the Australian dollar in 2018 rose by about 1.6% compared to 2017, To the returns on deposits that have been added to the original deposit balance. "
 

"In early 2018, investment in Chinese sovereign bonds was directed," he said. "The reserves management takes into account the importance of geographical distribution of investments and diversification of foreign reserves of the CBI in terms of investment instrument and medium term."

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1 hour ago, Laid Back said:

Looks like the CBI is doing well..... Even with the daily auctions around

$150 to $200 million dollars a day

 

foreign currency reserves growing $62.5 billion dollars 

Gold reserves growing 96.5 tons of gold

 

Oil prices today

WTI  $58.91

Brent $67,14

 

Infltion +/-2%

 

The economy is improving at the actual rate of 1190

 

For how long do you think the CBI could operate at the rate 1190 dinars per dollar?

 

For now I don’t see any rush or pressure to RV 

 

thanks laid back for ur post i enjoy reading them all ,,, the biggest snag i see with the iqd and iraq is they do most of their trading / buying with usd i suppose they could use iqd and if they are trading with another country with a lower currency value they are golden but im no economist in world affairs lol ,, at some point one would think they would like their own currency to be accepted internationally but as usual we're on the outside looking in and have no clue whats ahead , like u im of the opinion they may still be a ways off or they could make a change at any time sometimes they give a clue they are further along than they appear ... looking forward to spending some much needed time in that thing on ur avatar cheers . we wait  

Edited by 3n1
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5 hours ago, yota691 said:

As usual spot on Laid Back..I got you on the neg you got along with few others. 

 yota691, 

I want to say thank you for everything you do for the DV community, the countless articles you bring day after day.

5 hours ago, 3n1 said:

 

thanks laid back for ur post i enjoy reading them all ,,, the biggest snag i see with the iqd and iraq is they do most of their trading / buying with usd i suppose they could use iqd and if they are trading with another country with a lower currency value they are golden but im no economist in world affairs lol ,, at some point one would think they would like their own currency to be accepted internationally but as usual we're on the outside looking in and have no clue whats ahead , like u im of the opinion they may still be a ways off or they could make a change at any time sometimes they give a clue they are further along than they appear ... looking forward to spending some much needed time in that thing on ur avatar cheers . we wait  

Thanks for your input 3n1

I agree with you, at some point they will have an International recognized currency.

They are working to move to an open market economy 

- attracting investment - developing Private sector -signing  trade agreements 

It takes time to develop the economy of a country that has been devastated by

war, corruption and terrorism. They need a economy that can support a stronger

currency.

 

 

 

 

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2019/03/19 21:54
  • Number of readings 309
  • Section: Iraq
  •  

Central Bank announces increase of foreign reserves for 2018 by 32.6%

BAGHDAD (Reuters) - The Central Bank of Iraq (CBE) announced on Tuesday (March 19th, 2019) an increase of foreign reserves of 2016 by 32.6 percent, confirming that the value of the gold chip in the same year increased by 6 percent from 2017.

"The annual report of foreign reserves showed a positive performance in 2018 compared with 2017 as foreign reserves grew by 32.6%, driven by positive difference between the bank's purchases from The dollar from the Ministry of Finance and sales through the window selling foreign currency in addition to profits from the proceeds of the investment portfolio in various segments.

"At the portfolio level, the portfolio in US dollars in 2018 grew by almost 25 percent from 2017 as a result of the positive difference between the central bank's purchases of the US dollar and its sales, as well as the conversion of a large part of the other currencies resulting from The maturity of some investment instruments and returns on them to the currency of the US dollar. "

The bank noted in its report that "the gold segment has increased in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the gold reserves of the Central Bank of Iraq by about 96 tons in 2018," noting that "Iraq is ranked fifth in the Arab world and ranked 37 in the world in terms of possession of gold reserves, Iraq was one of the largest buyers of gold in 2018 along with India, China and Kazakhstan."

"The increase in investments in Islamic bonds issued by the Islamic Development Bank in 2018 than in 2017 and by about 33%," he said, adding that "the portfolio in the Australian dollar in 2018 rose by about 1.6% compared to 2017, To the returns on deposits that have been added to the original deposit balance. "

"In early 2018, investment in Chinese sovereign bonds was directed," he said. "The reserves management takes into account the importance of geographical distribution of investments and diversification of foreign reserves of the CBI in terms of investment instrument and medium term."

The obelisk 

http://almasalah.com/ar/news/166708/البنك-المركزي-يعلن-زيادة-الاحتياطات-الاجنبية-لعام-2018-بنسبة-326-

 
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  • yota691 changed the title to Central Bank announces the rise of foreign exchange reserves to 62 billion dollars
 
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Economy News _ Baghdad

The Central Bank of Payments (CBE) Director-General Doha Abdel-Karim announced on Tuesday that foreign exchange reserves rose from US $ 40 billion to US $ 62 billion, while confirming the bank's success in controlling inflation.

"The central bank has managed to control the level of inflation, maintain prices, maintain the purchasing power of the national currency, adjust the exchange rate and close the gap between the official price and the market price," Abdul Karim said in an interview with the official newspaper Al-Sabah.

"Foreign currency reserves have increased from US $ 40 billion to US $ 62 billion and diversification of the currency basket to support the balance of payments and to cope with economic crises," she said.

It also coordinated with the Ministry of Finance in the management of public debt to support the budget and funding the deficit during the financial crisis experienced by Iraq because of low oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial and investment banks And support their profitability. "


Views 36   Date Added 04/16/2019

 
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Tuesday, April 16
 
 
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Alsumaria News / Baghdad The Central Bank of Iraq , on Tuesday, the rise of Iraq's foreign exchange reserves to 62 billion dollars. 

"The bank's foreign exchange reserve rose from $ 40 billion to $ 62 billion," the official Al-Sabah newspaper quoted the central bank's payments director as saying. "We are diversifying the basket of currencies to support the balance of payments and to cope with crises." 

"The central bank has managed to control the level of inflation and maintain prices and maintain the purchasing power of the national currency, and adjust the exchange rate and close the gap."


The Iraqi Central Bank, on July 12, 2018, that Iraq's foreign currency reserves amounted to 55.7 billion dollars, noting that Iraq has 89 tons of gold.

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Iraq's foreign currency reserves rise to $ 62 billion

Economy | 11:19 - 16/04/2019

 
image
 
 

BAGHDAD - 
The Central Bank of Iraq announced on Tuesday the rise of Iraq's foreign currency reserves to 62 billion dollars. 
"The bank's foreign exchange reserves have increased from $ 40 billion to $ 62 billion," the Central Bank of Egypt's Central Bank of Payments, Duha Abdel Karim, said in a statement. "The currency basket was diversified to support the balance of payments, Crises ". 
"The central bank has managed to control the level of inflation and maintain prices and maintain the purchasing power of the national currency, and adjust the exchange rate and close the gap." 
The Central Bank of Iraq, on July 12, 2018, that Iraq's reserves of foreign currency amounted to 55.7 billion dollars, indicating that Iraq has 89 tons of gold. "

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Release date:  2018/4/16 9:17  588 times read
The central bank reveals a jump in its reserve of the dollar
The director of payments in the Central Bank of Iraq, Suha Abdul Karim, confirmed that the bank succeeded in controlling the level of inflation and maintaining prices and maintaining the purchasing power of the national currency and controlling the exchange rate and closing the gap between the official price and the market price.
"Foreign exchange reserves increased from $ 40 billion to $ 62 billion, diversifying the currency basket to support the balance of payments and facing economic crises," Abdul Karim told a press briefing. "The Ministry of Finance has coordinated with the Ministry of Finance to manage the public debt to support the budget and finance the deficit during the financial crisis that has passed. In Iraq because of the drop in oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial banks and investment and support profitability. 
She pointed out that "the last period saw the issuance of bonds for the receivables of contractors after being audited by the Ministry of Planning and the Federal Financial Control Bureau, as well as the issuance of bonds to farmers on behalf of the Ministry of Finance and this move reflects a shift in a broader vision of government public debt management by the financial authority and monetary authority "He said.
"The standardization of the sukuk security standards to increase confidence in exchange and encourage traders to deal with electronic payments instead of cash, and electronic payment companies in order to support electronic operations and the issuance of license cards payment to banks, as well as linking banks and sites of the Central Bank of Iraq with data centers bank by cable To enhance the infrastructure of the banking sector, and increase the security of information and networks on the speed of data transmission of large sizes. 
In addition to enhancing the principle of financial coverage of banking services for the largest segment of the population, "the project of localization of salaries for all employees of the public sector through the transfer of salaries to bank accounts of employees, as well as easy receipt and withdrawal of salaries through available payment channels, bank branches, ATMs - Point of sale, and enjoy the many advantages of bank accounts.
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  • yota691 changed the title to Iraq's foreign exchange reserves rise to $ 62 billion

Iraq's foreign exchange reserves rise to $ 62 billion

Iraq's foreign exchange reserves rise to $ 62 billion
US $ 100 coins
 16 April 2019 01:48 PM

The Iraqi Central Bank announced on Tuesday the rise of Iraq's foreign currency reserves to 62 billion dollars .

"The bank's foreign exchange reserve rose from $ 40 billion to $ 62 billion," Central Bank of Payments director general Doha Abdulkarim said in an interview from the official Sabah newspaper.

She pointed to the diversification of the currency basket to support the balance of payments and crisis .

The central bank managed to control inflation, maintain prices, maintain the purchasing power of the national currency, adjust the exchange rate and close the gap between the official price and the market price .

The Central Bank of Iraq, on October 12, 2018, Iraq's foreign currency reserves amounted to 60 billion dollars.

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Central Bank announces the rise of foreign exchange reserves to 62 billion dollars

  17DBBC4B-A4AB-4D0C-BE43-E083AB934885.jpeg

Economy News _ Baghdad

The Central Bank of Payments (CBE) Director-General Doha Abdel-Karim announced on Tuesday that foreign exchange reserves rose from US $ 40 billion to US $ 62 billion, while confirming the bank's success in controlling inflation.

"The central bank has managed to control the level of inflation, maintain prices, maintain the purchasing power of the national currency, adjust the exchange rate and close the gap between the official price and the market price," Abdul Karim said in an interview with the newspaper Al-Sabah.

"Foreign currency reserves have increased from US $ 40 billion to US $ 62 billion and diversification of the currency basket to support the balance of payments and to cope with economic crises," she said.

It also coordinated with the Ministry of Finance in the management of public debt to support the budget and funding the deficit during the financial crisis experienced by Iraq because of low oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial and investment banks And support their profitability. "

Number of Views 83 Date Added 16/04/2019 

http://economy-news.net/content.php?id=16286

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  • yota691 changed the title to Report: Saudi Arabia seizes 48% of foreign currency reserves for Arab countries

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