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yota691

What if the central bank stopped selling the dollar?

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Thursday 22 November
 
 
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Alsumaria News / Baghdad revealed the Iraqi Central Bank , on Thursday, the value of its purchases of foreign currency from the Ministry of Finance within ten months of the year 2018 , the 

bank said in an official statistic has seen by Alsumaria News, said that "total purchases of foreign currency from the Ministry of Finance within ten last months From 2018 amounted to 43 billion and 729 million dollars. " 

The bank added that "the purchase of the Ministry of Finance during the month of October $ 5.5 billion, while purchases for the month of September last $ 2.829 billion," noting that "the month of August saw the purchase of $ 6.250 billion, while the month of July to buy $ 4.5 billion, June also saw a $ 5.150 billion purchase. "

 
 


"The month of May saw the purchase of 5.5 billion dollars, while April saw the purchase of 2.5 billion dollars," noting that "the month of March saw the purchase of 4.5 billion dollars, and also saw the month of February purchase of 4.250 billion dollars, while funds purchased from the Ministry of Finance for the month of ($ 2.750 billion). 

The Central Bank buys the dollar from the Ministry of Finance derived from Iraq's oil sales in dinars for the purpose of funding the general budget by the month.

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Economy News _ Baghdad

The Central Bank of Iraq disclosed on Thursday the value of its purchases of foreign currency from the Ministry of Finance within ten months of 2018.

The bank said in its official statistics, "Economic News", that "the total purchases of foreign currency from the Ministry of Finance during the last ten months of 2018 amounted to 43 billion and 729 million dollars."

The bank added that "the purchase of the Ministry of Finance during the month of October $ 5.5 billion, while purchases for the month of September last $ 2.829 billion," noting that "the month of August saw the purchase of $ 6.250 billion, while the month of July to buy $ 4.5 billion, June also saw a $ 5.150 billion purchase. "

"The month of May saw the purchase of 5.5 billion dollars, while April saw the purchase of 2.5 billion dollars," noting that "the month of March saw the purchase of 4.5 billion dollars, and also saw the month of February purchase of 4.250 billion dollars, while funds purchased from the Ministry of Finance for the month of ($ 2.750 billion).


Views 1   Date Added 22/11/2018

 
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Number of readings: 344 22-11-2018 01:43 PM
 
 

22-11-2018 01:43 PM 

 

The Central Bank announced on Thursday the value of its purchases of foreign currency ten months of 2018. The 

Bank said in official statistics, that 'the total purchases of foreign currency from the Ministry of Finance during the last ten months of 2018 amounted to 43 billion and 729 million dollars.' 

The bank added that "the purchase of the Ministry of Finance during the month of October $ 5.5 billion, while purchases for the month of September last $ 2.829 billion," noting that "the month of August saw the purchase of $ 6.250 billion, while the month of July to buy $ 4.5 billion, June also saw a $ 5.150 billion purchase. ' 

"The month of May saw the purchase of 5.5 billion dollars, while April saw the purchase of 2.5 billion dollars," noting that "the month of March saw the purchase of 4.5 billion dollars, and the month of February, the purchase of 4.250 billion dollars, while funds purchased from the Ministry of Finance for the month of ($ 2.750 billion).

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The month of May saw the purchase of 5.5 billion dollars, while April saw the purchase of 2.5 billion dollars," noting that "the month of March saw the purchase of 4.5 billion dollars, and the month of February, the purchase of 4.250 billion dollars, while funds purchased from the Ministry of Finance for the month of ($ 2.750 billion )

 --------  so  the central bank is buying  the dollar  from the  finance department ,  what are they buying the dollar with ?  ----  those  bonds ?  gold ?  a smile and hand shake  and also an atta boy ?  ----  or are they throwing  the worthless dinar at the dollar ?  if they are buying dollar with dinar , are they not  cutting them sleves off at the knees  ,  ( central bank )   buying something that is worth  1000  times more than what they are paying it with ?   (  would it make better sense , raise the value of dinar  up too at least  .50 cents  to the dollar  and only loose  half of the investment of the the dollar buy instead of loosing  1000  times the  investment ?  )

 

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been thinking of this a little more "

1 hour ago, yota691 said:

"The month of May saw the purchase of 5.5 billion dollars, while April saw the purchase of 2.5 billion dollars," noting that "the month of March saw the purchase of 4.5 billion dollars, and the month of February, the purchase of 4.250 billion dollars, while funds purchased from the Ministry of Finance for the month of ($ 2.750 billion).

so what  does the finance ministry do with the  " great abundance of crap currency that central just handed them for strong dollar ?  infra-structure ?  hiring people with out jobs at  almost  if not  just above  --- starvation  wages ?  ( I imagine  just keeping up with the g.o.i.   spiraling expenditures .... )  so  now  back too the idea above  , if the central would increase the dinar value too at least .50 cents ,  they would loose only half of investment ,  BUT   would increase in the welfare of the people ,  the finance would have a currency that  is now at best  500  times better than before ,  the average Iraqi could now  work at  above super poor wages , can now buy for them selves  things they could not  last year !  they might even get a chance too think for them selves ... and the  money would  eventually find its way back too central  bank coffers ,  through bank loans and bank deposits ,   and the  wheel of commerce rolls on !     

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I know , I know ! The wheel of commerce is rolling now but ! When the wheels could be a  Jaguar , and not  a bicycle , or donkey cart !

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“Bank said in official statistics, that 'the total purchases of foreign currency from the Ministry of Finance during the last ten months of 2018 amounted to 43 billion and 729 million dollars.'”

 

$43,729 billion dollars X 1190 = 52,029 trillion IQD.

 

In 10 month the CBI has given 52,029 trillion IQD to the ministry of finance.

 

 

 

 

 

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Central: The cash mass outside the banks amounted to more than 40 trillion dinars during October


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The Iraqi Central Bank revealed on Sunday that the cash mass outside the Iraqi banks during the month of October last amounted to more than 40 trillion dinars.
The bank said in its official statistics, which was seen by "Economy News", that "the amount of currency outside the banks amounted to 40 trillion and 723 billion dinars in October," noting that "this amount rose from September, which amounted to 39 trillion and 815 billion and 884 million dinars "He said.
The bank added that "the highest level of currency outside banks during the past three years was in December 2016, where it reached 42 trillion and 75 billion dinars, while the lowest level of currency during this period in June 2016, which amounted to 35 trillion and 168 billion Dinar".

 

 
 
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Central: The cash mass outside the banks amounted to more than 40 trillion dinars during the last month


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The Central Bank of Iraq revealed Sunday that the cash mass outside the Iraqi banks during the month of October last amounted to more than 40 trillion dinars. 

"The amount of currency outside banks reached 40 trillion and 723 billion dinars during the month of October," the bank said in an official statistic, which was seen by Alsumaria News. "This amount rose from 39 trillion, 815 billion and 884 million dinars."




The bank added that "the highest level of currency outside banks during the past three years was in December 2016, where it reached 42 trillion and 75 billion dinars, while the lowest level of currency during this period in June 2016, which amounted to 35 trillion and 168 billion Dinar". 

The Central Bank in 2011 put forward a project to delete zeros for the structure of the currency, which was considered by the bank to transfer Iraq from the country of trillions to billions, but the project was met with great opposition by specialists and politicians in parliament.





https://www.alsumaria.tv/news/253542/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D9%83%D8%AA%D9%84%D8%A9-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A%D8%A9-%D8%AE%D8%A7%D8%B1%D8%AC-%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D8%A8%D9%84%D8%BA%D8%AA-%D8%A3%D9%83%D8%AB%D8%B1-%D9%85%D9%86-40/ar

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Central reveals the existence of more than 40 trillion dinars outside the Iraqi banks
irq_873588874_1543143072.jpg&max_width=3
Baghdad / / ... The Central Bank of Iraq revealed on Sunday that the cash mass outside the Iraqi banks during the month of October last amounted to more than 40 trillion dinars.
"The amount of currency outside banks reached 40 trillion and 723 billion dinars during the month of October," the bank said in its official statistics, which was seen by the "Iraq News", noting that "this amount increased from September 39, 815 billion and 884 million Dinar".
The bank added that "the highest level of currency outside banks during the past three years was in December 2016, where it reached 42 trillion and 75 billion dinars, while the lowest level of currency during this period in June 2016, which amounted to 35 trillion and 168 billion Dinar".
The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which was considered by the bank to transfer Iraq from the country of trillions to billions, but the project met with great opposition by specialists and politicians in parliament.


http://aynaliraqnews.com/index.php?aa=news&id22=109317
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this is what  is happening when you have  economy trying too ramp up ,  your cash is everywhere !   (  now if your value on your cash rises , too that of a basket of currency , will more be  notes be out or will more notes be in ?  ---- more notes will be in --- at the first few months or a year  ! then  the economy will  start a  new phase of banking !  )

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foot note : if and when the value rises ,  the old farts of the Iraqi banking and dust  counters ,   half of these old dudes will die of shock !  afraid of the new idea every one has buying power ! 

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40 trillion dinars the size of the cash mass outside Iraqi banks last October

01:15 - 25/11/2018

 
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BAGHDAD - 
The Iraqi Central Bank announced on Sunday that the cash mass outside the Iraqi banks during the month of October last amounted to more than 40 trillion dinars. 
"The amount of currency outside banks reached 40 trillion and 723 billion dinars during the month of October," the bank said in an official statistics obtained by Mawazine News. "This amount rose from 39 trillion and 815 billion and 884 million dinars "He said. 
He added that "the highest level of currency outside banks during the past three years was in December 2016, where it reached 42 trillion and 75 billion dinars, while the lowest level of currency during this period in June 2016, which amounted to 35 trillion and 168 billion dinars "End of 29 / p

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Number of readings: 1083 25-11-2018 12:33 PM

 
 

25-11-2018 12:33 PM 

 

The Central Bank of Iraq, on Sunday, that the cash mass outside the Iraqi banks during the month of October last amounted to more than 40 trillion dinars. 

The bank said in official statistics that 'the amount of currency outside banks reached during October 40 trillion and 723 billion dinars', indicating that 'this amount rose from September, which amounted to 39 trillion and 815 billion and 884 million dinars'. 

The bank added that 'the highest level of the amount of currency outside banks during the past three years was in December 2016 amounted to 42 trillion and 75 billion dinars, while the lowest level of currency during this period in June 2016, which amounted to 35 trillion and 168 billion Dinar'.

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2018/11/25 12:11
  • Number of readings 122
  • Section: Iraq
  •  

Central: The cash mass outside the banks more than 40 trillion dinars

Baghdad / MB: The Central Bank of Iraq, Sunday, that the cash mass outside the Iraqi banks during the month of October last amounted to more than 40 trillion dinars. 

The bank said in official statistics that "the amount of currency outside the banks amounted to 40 trillion and 723 billion dinars in October," noting that "this amount rose from the month of September, which amounted to 39 trillion and 815 billion and 884 million dinars."

The bank added that "the highest level of currency outside banks during the past three years was in December 2016, where it reached 42 trillion and 75 billion dinars, while the lowest level of currency during this period in June 2016, which amounted to 35 trillion and 168 billion Dinar". 

The Central Bank in 2011 put forward a project to delete zeros for the structure of the currency, which was considered by the bank to transfer Iraq from the country of trillions to billions, but the project was met with great opposition by specialists and politicians in parliament.

The obelisk

http://almasalah.com/ar/news/156711/المركزي-الكتلة-النقدية-خارج-البنوك-أكثر-من-40-ترليون-دينار

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Money Supply M0 in Iraq increased to 61227 IQD Billion in September from 60541 IQD Billion in August of 2018. Money Supply M0 in Iraq averaged 44307.21 IQD Billion from 2003 until 2018, reaching an all time high of 73259 IQD Billion in December of 2013 and a record low of 6708 IQD Billion in December of 2003.

 
Iraq Money Supply M0
1Y5Y10YMAX
 
  Compare
 
 Embed
 

 

Iraq Money Last Previous Highest Lowest Unit  
Interest Rate 4.00 4.00 20.00 4.00 percent [+]
Money Supply M0 61227.00 60541.00 73259.00 6708.00 IQD Billion [+]
Money Supply M1 70756.00 70716.00 74504.00 5774.00 IQD Billion [+]
Money Supply M2 89577.00 89332.00 90728.00 6953.00 IQD Billion [+]
Deposit Interest Rate 4.86 5.16 10.54 4.86 percent [+]
Cash Reserve Ratio 15.00 15.00 25.00 15.00 percent [+]


 

Iraq Money Supply M0

Iraq Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money. This page provides - Iraq Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Money Supply M0 - actual data, historical chart and calendar of releases - was last updated on November of 2018.
 
  Actual Previous Highest Lowest Dates Unit Frequency  
  61227.00 60541.00 73259.00 6708.00 2003 - 2018 IQD Billion Monthly
Current Prices, NSA
 
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Central Iraqi purchases of currency from finance rise 38% in 10 months

Central Iraqi purchases of currency from finance rise 38% in 10 months
Ministry of Finance
 25 November 2018 05:54 PM

Direct: Statistical data showed the Central Bank of Iraq, the value of purchases of foreign currency from the Ministry of Finance during the 10 months of 2018 by 38.17%, on an annual basis.

The Central Bank's total foreign currency purchases from the Ministry of Finance amounted to $ 43.73 billion in the 10 months of this year, compared to $ 31.66 billion in 10 months of 2017.

The central bank's foreign currency purchases from the Ministry of Finance during the month of October separately increased by 94.41% on a monthly basis to reach $ 5.5 billion.

The Central Bank's foreign currency purchases from the Ministry of Finance during the full year 2017 amounted to 40.36 billion dollars, which means that purchases in 10 months of this year exceeded the value of what he bought during the past year in full.

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Central Bank of Iraq
  


Economy News Baghdad

The Iraqi Central Bank announced on Monday that the volume of Iraqi revenues for 2017 amounted to more than 38 billion dollars, indicating that the volume of exports for the same year amounted to more than 57 billion dollars.

The bank said in an official statistic it was briefed by "Economy News", "the volume of Iraqi revenues for the year 2017 amounted to more than 38.766 billion dollars," noting that "these revenues rose from what was in 2016, which amounted to 34.208 billion dollars, while revenues for the year To 48,010 billion dollars. "

"The volume of exports for 2017 amounted to 57.559 billion dollars, higher than the year 2016, which amounted to exports 48.298 billion dollars, while these exports in 2015 to 51.328 billion dollars."


Number of views 4   Date added 26/11/2018

 
 
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2018/11/26 12:11
  • Number of readings 29
  • Section: Iraq
  •  

Central: Export volume 2017 ... 57 billion dollars

 

The Iraqi Central Bank announced on Monday that the volume of Iraqi revenues for 2017 amounted to more than 38 billion dollars, indicating that the volume of exports for the same year amounted to more than 57 billion dollars. 

"The revenues of Iraq for the year 2017 amounted to more than 38.766 billion dollars," the bank said in a statistical official. "Revenues rose from the $ 34.208 billion in 2016, while revenues for the year 2015 rose to 48,010 billion dollars." 

"The volume of exports for 2017 amounted to 57.559 billion dollars, higher than the year 2016, which amounted to exports 48.298 billion dollars, while these exports in 2015 to 51.328 billion dollars." 

Iraq relies on 90 percent of its oil exports to finance its public budget, which is often affected by the rise and fall in world oil prices.

The obelisk

 

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$ 95 billion in Iraq's revenues and exports for 2017

02:19 - 26/11/2018

 
image
 
 

BAGHDAD - 
The Central Bank of Iraq announced on Monday that the volume of Iraqi revenues for 2017 amounted to more than 38 billion dollars, noting that the volume of exports for the same year amounted to more than 57 billion dollars. 
The bank said in an official statistics received by the "Mawazine News", a copy of it, "the volume of Iraqi revenues for 2017 amounted to more than 38.766 billion dollars," noting that "these revenues rose from what was in 2016, which amounted to 34.208 billion dollars, Revenue for the year 2015 to 48.010 billion dollars. " 
"The volume of exports for 2017 amounted to 57.559 billion dollars, higher than the year 2016, which amounted to exports 48.298 billion dollars, while these exports in 2015 to 51.328 billion dollars."

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Souroun: Citizens own 35% of Iraq's money in their homes

10:55 - 30/11/2018
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Information / Baghdad ..

The MP of the Alliance of Riyadh Riyad Mohammed, Friday, that citizens have in their homes 35% of Iraq's money, noting that 312 billion dollars went outside the country could be used to build 12 thousand schools and hospitals, airports and railways.

"Iraq has more than 2 million displaced people, while it has sold oil at 754 billion dollars and has gone out of the country 312 billion dollars. This last amount could have built more than 12,000 schools," he said in a statement. Hospital, railways, five airports and infrastructure for roads and bridges. "

"If Iraq had spent on each project billion dollars would have completed 312 strategic project returns to Iraq Petrionat dinars, but the behavior of the Central Bank and banks gave a negative image for all."

He pointed out that "the Iraqi citizen owns within his house 40 trillion dinars, even if we have mature banks to turn these amounts to investment and revive the economy, and thus is a weakness registered for banking institutions, that more than 35% of the mass frozen in homes, can not be invested economically. End 25 n

https://www.almaalomah.com/2018/11/30/368955/

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 money and business


Economy News _ Baghdad

The Ministry of Planning announced Tuesday a decline in the number of savings funds in Iraq by 5.7% from last year.

The Central Bureau of Statistics of the Ministry in a report, which was seen by "Economy News", "The number of deposit funds in Iraq amounted to 160 thousand depositors in 2017 compared to 173 thousand depositors in 2016, a decrease of 5.7%."

"The number of telephone service offices in Iraq reached 198 offices in 2017, of which 57 are in Baghdad and 141 are distributed across the rest of the provinces," the agency said.

"The number of postal offices reached 279 post offices in 2017 compared to 295 post offices in 2016, a decline of 4.5%," the agency said.

"The number of mobile Internet service lines for companies operating in Iraq reached 2.19 million lines, while the wireless Internet service of companies operating in Iraq reached 1.185 thousand lines for the year 2017," the agency said.


Number of Views 15   Date Added 04/12/2018

 
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Tuesday, 4 December
 
 
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Alsumaria News / Baghdad
announced the Ministry of Planning, on Tuesday, a decline in the number of depositors savings funds in Iraq by 5.7% from last year. 

"The number of depositors of savings funds in Iraq reached 160 thousand depositors in 2017 compared to 173 thousand depositors in 2016, a decline of 5.7%," the Central Bureau of Statistics of the ministry said in a report read by Alsumaria News. 

"The number of telephone service offices in Iraq reached 198 offices in 2017, of which 57 are in Baghdad and 141 are distributed across the rest of the provinces," the agency said.

 


"The number of postal offices reached 279 post offices in 2017 compared to 295 post offices in 2016, a decline of 4.5%," the agency said. 

"The number of mobile Internet service lines for companies operating in Iraq reached 2.19 million lines, while the wireless Internet service of companies operating in Iraq reached 1.185 thousand lines for the year 2017," the agency said.

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“The MP of the Alliance of Riyadh Riyad Mohammed, Friday, that citizens have in their homes 35% of Iraq's money”

 

40 trillion dinar is the monetary mass.

35% of that money is in citizens homes

40 trillion dinar X 35% = 14 trillion dinar In chunky Cash under their  mattresses

 

Go cbi

Go dinar

Go RV

Go $1:1

 



Edited by Laid Back
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