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The Iraqi Central Bank sets the date for the return of the exchange rate to 1470 dinars


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The Central Bank of Iraq sets the date for the return of the exchange rate to 1470 dinars
 

Baghdad - people  

The Central Bank of Iraq announced, on Tuesday, the return of the dollar exchange rate to 1470 during the current month, while indicating the tendency to open windows for selling the currency in the provinces soon.  

  

  

 

  

The bank’s advisor, Ihsan Shamran Al-Yasiri, said in a statement to the official agency, followed by “NAS” (January 10, 2023), that “the central bank is committed and compliant with the decisions of the international community, and as long as there are countries that are prohibited from receiving dollars, then the central bank cannot bypass that and not violate it.” controls".  

  

Regarding the return of the dollar exchange rates, he stressed that "the turmoil in the dollar prices is a temporary situation, and within two weeks the dollar price will return to its normal stable position 1470, that is, before the end of this month of January," noting that "the central bank's resources are now at their highest levels in decades." ".  

  

 He continued, "The state's financial situation is very comfortable," noting that "the controls that were put in place to sell the dollar on the platform came in order for the dollar to go to the real beneficiary, and it is a regulatory process."  

  

He stated that "the governor of the Central Bank, Mustafa Ghaleb Makhaif, met with a number of merchants, and advised them to rely on auditing or direct dealings with banks, and it is not necessary to deal with speculators and intermediaries."  

  

He continued, "Direct dealings with banks will reduce additional costs for them, and will also reduce extra links for merchants, in addition to ensuring the arrival of imported goods in a proper way, and this is a service to their trade and the country."  

  

He stressed that "the Central Bank sells excellent amounts of cash daily, as all banks in Baghdad have opened a window for them to sell dollar currency, and very soon they will include banks in the provinces, to facilitate the process of delivering dollars to those in need," pointing out that "some exchange companies were offering Few, so the Central Bank addressed this issue and assigned committees affiliated with it to work with banks to eliminate this phenomenon, as matters are heading towards a solution.  

  

And that "the crises that afflict countries when they do not have dollars and cannot meet the demand will face a problem, but the central bank now has reserves that exceed 90 billion dollars, and this is the first time that the reserves reach these levels," explaining that "Iraq does not have a problem." With the dollar, but there is a problem, which is that the Central Bank wants to persuade merchants to deal directly with banks, but some merchants did not control their work, and others do not have bank accounts.  

  

He pointed out that “the central bank is trying to make it clear to merchants, through the Chamber of Commerce, through the media and the governor of the central bank, the need to deal with banks directly,” noting that “the central bank directed banks to facilitate procedures to enable merchants to access funds, and therefore this The issue witnessed a day-by-day development for the better, in order to move towards resolving the crisis while it is on its way to disappearing.”  

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The central bank sets a date for the return of the dollar exchange to "normal"
  
{Economic: Al Furat News} The Central Bank of Iraq has set the date for the return of the exchange rate of the dollar against the dinar to its "normal state."

The bank's advisor, Ihsan Al-Yasiri, said in a press statement, "The turmoil in the dollar prices is a temporary situation, and within two weeks, the dollar price will return to its normal stable position of 1470, that is, before the end of this month of January."
He pointed out, "The Central Bank's resources are now at their highest levels in decades," stressing that "the state's financial situation is very comfortable."
Al-Yasiri pointed out, "The controls that were put in place for selling the dollar on the platform came in order for the dollar to go to the real beneficiary, and it is a regulatory process."

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The Central Bank announces the return of the dollar exchange rate to 1470 during the current month
8299.jpeg
   

Economy News / Baghdad

The Central Bank of Iraq announced today, Tuesday, the return of the dollar exchange rate to 1470 during the current month, while pointing to the trend to open windows selling currency in the provinces soon.

The bank's adviser, Ihsan Shamran al-Yasiri, told the Iraqi News Agency (INA): "The central bank is committed and compliant with the decisions of the international community, and as long as there are countries that are prohibited from receiving the dollar, then the central bank cannot bypass that and does not violate the controls."

Regarding the return of dollar exchange rates, he stressed that "the turmoil of dollar prices is a temporary situation, and within two weeks the dollar price will return to its stable normal 1470, that is, before the end of January," pointing out that "the resources of the Central Bank, now at their highest levels in decades."

"The financial situation of the state is very comfortable," he said, noting that "the controls put in place to sell dollars on the platform came so that the dollar goes to the real beneficiary, which is a regulatory process."

"Central Bank Governor Mustafa Ghaleb Makhib met with a number of traders and advised them to rely on auditing or dealing directly with banks, and it is not necessary to deal with speculators and intermediaries," he said.

"Dealing directly with banks will reduce their additional costs, reduce excess loops on traders, and ensure that imported goods arrive in a proper way, which serves their trade and the country," he said.

He stressed that "the Central Bank sells excellent amounts of cash daily, as it assigned all banks in Baghdad opened a window for them to sell the dollar currency, and very soon will include banks in the provinces, to facilitate the process of delivering dollars to those in need," pointing out that "some exchange companies had little supply, so the Central Bank addressed this issue and assigned committees affiliated with them to work with banks to eliminate this phenomenon, as things are heading to the path of solution."

He pointed out that "the crises that afflict countries when they do not have a dollar and can not meet the demand will face a problem, but the Central Bank now has reserves far exceeded 90 billion dollars, and this is the first time that reserves reach these levels," explaining that "Iraq has no problem with the dollar, but there is a problem is that the Central Bank wants to convince traders to deal directly with banks, but traders some of them did not adjust its work, and others, do not have accounts in banks".

He pointed out that "the Central Bank is trying to explain to traders and through the Chamber of Commerce and through the media and the Governor of the Central Bank, the need to deal with banks directly," pointing out that "the Central Bank directed banks to facilitate the procedures for enabling traders to access funds, and therefore this issue has witnessed development day by day for the better, to move towards solving the crisis and it is on its way to disappear."


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Added 2023/01/10 - 4:00 PM
Update 2023/01/10 - 5:37 PM
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8299.jpeg

 

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Economy News / Baghdad
Today, Tuesday, the Central Bank of Iraq announced the return of the dollar exchange rate to 1470 during the current month, while indicating the tendency to open the windows for selling the currency in the provinces soon.

 

The bank's advisor, Ihsan Shamran al-Yasiri, told the Iraqi News Agency (INA): "The central bank is committed and compliant with the decisions of the international community, and as long as there are countries that are prohibited from receiving the dollar, then the central bank cannot bypass that and not violate the controls."

 

Regarding the return of the dollar's exchange rates, he stressed that "the turmoil in dollar prices is a temporary situation, and within two weeks the dollar price will return to its normal stable position of 1470, that is, before the end of this month of January," noting that "the central bank's resources are now at their highest levels in decades." ".

 

 He continued, "The state's financial situation is very comfortable," noting that "the controls that were put in place for selling dollars on the platform came in order for the dollar to go to the real beneficiary, and it is a regulatory process."

 

He stated that "the governor of the Central Bank, Mustafa Ghaleb Makhaif, met with a number of merchants, and advised them to rely on auditing or direct dealings with banks, and it is not necessary to deal with speculators and intermediaries."

 

He continued, "Direct dealings with banks will reduce additional costs for them, and will also reduce extra links for merchants, in addition to ensuring that imported goods arrive in a proper way, and this is a service to their trade and the country."

 

He stressed that "the Central Bank sells excellent amounts of cash daily, as all banks in Baghdad have opened a window for them to sell dollar currency, and very soon they will include banks in the provinces, to facilitate the process of delivering dollars to those in need," pointing out that "some exchange companies were offering Few, so the Central Bank addressed this issue and assigned committees affiliated with it to work with banks to eliminate this phenomenon, as matters are heading towards a solution.

 

And that "the crises that afflict countries when they do not have dollars and cannot meet the demand will face a problem, but the central bank now has reserves that exceed 90 billion dollars, and this is the first time that the reserves reach these levels," explaining that "Iraq does not have a problem."

 

With the dollar, but there is a problem, which is that the central bank wants to persuade merchants to deal directly with banks, but some merchants did not control their work, and others do not have bank accounts.

 

He pointed out that “the central bank is trying to make it clear to merchants, through the Chamber of Commerce, through the media and the governor of the central bank, the need to deal with banks directly,” noting that “the central bank directed banks to facilitate procedures to enable merchants to access funds, and therefore this The issue witnessed a day-by-day development for the better, in order to move towards resolving the crisis while it is on its way to disappearing.”

 

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Added 01/10/2023 - 4:00 PM
Updated 01/10/2023 - 5:42 PM
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The Central Bank of Iraq revealed today, Tuesday, the return of the dollar exchange rate to 1470 during the current month, pointing to the trend to open windows selling currency in the provinces soon.
 
The bank's advisor Ihsan Shamran al-Yasiri said in a press statement followed by NRT Arabia: "The central bank is committed and compliant with the decisions of the international community, and as long as there are countries that are prohibited from receiving the dollar, then the central bank cannot bypass that and does not violate the controls."
 
Regarding the return of dollar exchange rates, he stressed that "the turmoil of dollar prices is a temporary situation, and within two weeks the dollar price will return to its stable normal 1470, that is, before the end of January," pointing out that "the resources of the Central Bank, now at their highest levels in decades."
 
Al-Yasiri explained that "the financial situation of the state is very comfortable," noting that "the controls that were put in place to sell dollars on the platform, came in order for the dollar to go to the real beneficiary, which is a regulatory process."
 
"Central Bank Governor Mustafa Ghaleb Makhif met with a number of traders and advised them to rely on auditing or dealing directly with banks, and it is not necessary to deal with speculators and intermediaries," he said.
 
"Dealing directly with banks will reduce their additional costs, reduce excess loops on traders, and ensure that imported goods arrive in a proper way, and this serves their trade and the country," al-Yasiri said.
 
He stressed that "the Central Bank sells excellent amounts of cash daily, as all banks in Baghdad opened a window for them to sell the dollar currency, and very soon will include banks in the provinces, to facilitate the process of delivering the dollar to those in need," pointing out that "some exchange companies had little supply, so the Central Bank addressed this issue and assigned committees affiliated with it to work with banks to eliminate this phenomenon, as things are heading to the path of solution."
 
Al-Yasiri pointed out that "the crises that afflict countries when they do not have dollars and cannot meet the demand will face a problem, but the Central Bank now has reserves that have exceeded 90 billion dollars much, and this is the first time that reserves reach these levels," explaining that "Iraq has no problem with the dollar, but there is a problem, which is that the Central Bank wants to convince traders to deal directly with banks, but traders, some of them did not control its work, and others, do not have accounts. in banks."
 
He pointed out that "the Central Bank is trying to explain to traders and through the Chamber of Commerce and through the media and the Governor of the Central Bank, the need to deal with banks directly," noting that "the Central Bank directed banks to facilitate procedures to enable traders to access funds, and therefore this issue has witnessed development day by day for the better, to move towards solving the crisis and is on its way to disappear."


 

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10-Jan-2023
GettyImages-78409916.jpg?itok=N3Eq4dMc

HE SAID DOLLAR PRICE TURMOIL IS A TEMPORARY CONDITION (FACEBOOK)

 

Ultra Iraq - Editorial Team

The Central Bank of Iraq said on Tuesday, January 10, 2023, that the exchange rate of the dollar against the dinar will return to 1470 this month.

The bank's adviser Ihsan Shamran al-Yasiri confirmed to the official agency and his follower "Ultra Iraq" that "the central bank is committed and compliant with the decisions of the international community, and as long as there are countries that are prohibited from receiving the dollar, then the central bank cannot bypass that and does not violate the controls."

Regarding the return of dollar exchange rates, he said that "the turmoil in dollar prices is a temporary situation, and within two weeks the dollar price will return to its stable normal position 1470, that is, before the end of January," pointing out that "the resources of the Central Bank are now at their highest levels in decades."

"The financial situation of the state is very comfortable," he said, noting that "the controls put in place to sell dollars on the platform came so that the dollar goes to the real beneficiary, which is a regulatory process."

He pointed out that "the governor of the Central Bank, Mustafa Ghaleb Makhif, met with a number of traders, and advised them to rely on review or direct dealing with banks, and does not require dealing with speculators and intermediaries."

"Dealing directly with banks will reduce their additional costs, reduce excess loops on traders, and ensure that imported goods arrive in a proper way, which serves their trade and the country," he said.

He stressed that "the Central Bank sells excellent amounts of cash daily, as it assigned all banks in Baghdad opened a window for them to sell the dollar currency, and very soon will include banks in the provinces, to facilitate the process of delivering dollars to those in need," pointing out that "some exchange companies had little supply, so the Central Bank addressed this issue and assigned committees affiliated with them to work with banks to eliminate this phenomenon, as things are heading to the path of solution."

He pointed out that "the crises that afflict countries when they do not have dollars and can not meet the demand will face a problem, but the Central Bank now has reserves far exceeded 90 billion dollars, and this is the first time that reserves reach these levels," explaining that "Iraq has no problem with the dollar, but there is a problem is that the Central Bank wants to convince traders to deal directly with banks, but traders some did not adjust his work, and others, do not have accounts in banks."

He added that "the Central Bank is trying to explain to traders, through the Chamber of Commerce and through the media and the governor of the Central Bank, the need to deal with banks directly," pointing out that "the Central Bank directed banks to facilitate procedures to enable traders to access funds, and therefore this issue has witnessed development day by day for the better, to move towards solving the crisis and it is on its way to disappear."

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Central Bank: The dollar rate will return to 1470 dinars before the end of this month

economy

 - 10-01-2023 04:51 PM - Views: 32

Central Bank: The dollar rate will return to 1470 dinars before the end of this month| Economy | Dijlah Satellite Channel

The Central Bank announced today, Tuesday, the return of the dollar exchange rate to 1470 dinars during the current month, while pointing to the trend to open windows selling currency in the provinces soon.

Bank adviser Ihsan Shamran al-Yasiri said, "The central bank is committed and compliant with the decisions of the international community, and as long as there are countries that are prohibited from receiving dollars, then the central bank cannot bypass that and does not violate controls."

Regarding the return of dollar exchange rates, he stressed that "the turmoil of dollar prices is a temporary situation, and within two weeks the dollar price will return to its stable normal 1470, that is, before the end of January," pointing out that "the resources of the Central Bank, now at their highest levels in decades."

"The financial situation of the state is very comfortable," he said, noting that "the controls put in place to sell dollars on the platform came so that the dollar goes to the real beneficiary, which is a regulatory process."

"Central Bank Governor Mustafa Ghaleb Makhib met with a number of traders and advised them to rely on auditing or dealing directly with banks, and it is not necessary to deal with speculators and intermediaries," he said.

"Dealing directly with banks will reduce their additional costs, reduce excess loops on traders, and ensure that imported goods arrive in a proper way, which serves their trade and the country," he said.

He stressed that "the Central Bank sells excellent amounts of cash daily, as it assigned all banks in Baghdad opened a window for them to sell the dollar currency, and very soon will include banks in the provinces, to facilitate the process of delivering dollars to those in need," pointing out that "some exchange companies had little supply, so the Central Bank addressed this issue and assigned committees affiliated with them to work with banks to eliminate this phenomenon, as things are heading to the path of solution."

He pointed out that "the crises that afflict countries when they do not have a dollar and can not meet the demand will face a problem, but the Central Bank now has reserves far exceeded 90 billion dollars, and this is the first time that reserves reach these levels," explaining that "Iraq has no problem with the dollar, but there is a problem is that the Central Bank wants to convince traders to deal directly with banks, but traders some of them did not adjust its work, and others, do not have accounts in banks".

He pointed out that "the Central Bank is trying to explain to traders and through the Chamber of Commerce and through the media and the Governor of the Central Bank, the need to deal with banks directly," pointing out that "the Central Bank directed banks to facilitate the procedures for enabling traders to access funds, and therefore this issue has witnessed development day by day for the better, to move towards solving the crisis and it is on its way to disappear

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But F26 just said yesterday (sent from a friend) that the elusive "second article" finally showed. With that said, imo it was not what these clowns were pushing it to be for the past year. Now keep in mind that supposedly WS had said that once the "second article" comes out we are within days of receiving this blessing. Get ready for their story to change once again if the budget opens at a program rate such as mentioned in the above articles.

 

They will begin to say that even after the budget opening it can change at anytime. This is a boneheaded statement they have used before. For them to push that idea, something that makes zero sense is twisted. To claim they will send the budget to parliament for readings & then a vote, signed, opened, start disbursing monies.....only to then change the rate. It would need to be amended, re-voted on. Does anyone really think this kind of crazy babble makes any sense? F26's sheeple believe anything he says.

 

The truth....the reality is a rate change will happen prior to budget opening whenever they get their act together. If something sounds illogical, it's likely because it is not true. If people would use some common sense, these gurus from other sites would have been put out of business long ago.

 

Whatever the 2023 budget opens at, will likely be for the year. If they release the 20k note, that would be a serious red flag.

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Central Bank sets date for the return of the dollar exchange to "normal"

Central Bank sets date for the return of the dollar exchange to "normal"
  
{Economic: Al-Furat News} The Central Bank of Iraq set the date for the return of the exchange rate of the dollar against the dinar to its "normal position."

Bank advisor Ihsan Al-Yasiri said in a press statement that "the turmoil in dollar prices is a temporary situation, and within two weeks the dollar price will return to its stable normal 1470, that is, before the end of January."
He pointed out that "the resources of the Central Bank are now at their highest levels in decades," stressing that "the financial situation of the state is very comfortable."
Al-Yasiri pointed out that "the controls that were put in place to sell the dollar on the platform came in order for the dollar to go to the real beneficiary, which is a regulatory process."

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Don’t mean to be a Debbie downer but something I have noticed over the years is that when the CBI comes out and says very specific things like the exact new rate above, they are usually correct in what they say, much to the dismay of all of us hoping they are really going to RV this time. I remember back I think 3 year ago at the beginning of the year the CBI told us they were changing the rate by a few Pennie’s like now and we all thought this was our RV, but they did exactly what they said, changed the rate a a fraction of a penny or so. So why is this time any different? Could it be because USD won’t be used anymore? Possibly.. What other evidence would make this time any different? Just wondering and trying not to get my hopes up. 

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23 minutes ago, GregHi said:

Don’t mean to be a Debbie downer but something I have noticed over the years is that when the CBI comes out and says very specific things like the exact new rate above, they are usually correct in what they say, much to the dismay of all of us hoping they are really going to RV this time. I remember back I think 3 year ago at the beginning of the year the CBI told us they were changing the rate by a few Pennie’s like now and we all thought this was our RV, but they did exactly what they said, changed the rate a a fraction of a penny or so. So why is this time any different? Could it be because USD won’t be used anymore? Possibly.. What other evidence would make this time any different? Just wondering and trying not to get my hopes up. 

I don't think it's any different. I think you are right. This is not our RV. Now once the HCL passes then let's see what happens. Until then I would not get my hopes up hoping they are misdirecting. I think they are just trying to get the exchange rate stable at this point. In any case 1470 would work nicely at 1.47 after RV.

 :)

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36 minutes ago, GregHi said:

Don’t mean to be a Debbie downer but something I have noticed over the years is that when the CBI comes out and says very specific things like the exact new rate above, they are usually correct in what they say, much to the dismay of all of us hoping they are really going to RV this time. I remember back I think 3 year ago at the beginning of the year the CBI told us they were changing the rate by a few Pennie’s like now and we all thought this was our RV, but they did exactly what they said, changed the rate a a fraction of a penny or so. So why is this time any different? Could it be because USD won’t be used anymore? Possibly.. What other evidence would make this time any different? Just wondering and trying not to get my hopes up. 

Kind of funny you bring this up because a site I used to belong to, I had said over & over again how the majority of articles they claimed as "trash" were proven accurate, yet no one would admit it. To top it off they continue saying the same about the legit articles. The bottom line is that some of these other sites "leaders" do not really care what happens to this investment as long as they can keep the sheeple believing & not have to get a normal job like the rest of us!

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2 hours ago, GregHi said:

Don’t mean to be a Debbie downer but something I have noticed over the years is that when the CBI comes out and says very specific things like the exact new rate above, they are usually correct in what they say, much to the dismay of all of us hoping they are really going to RV this time. I remember back I think 3 year ago at the beginning of the year the CBI told us they were changing the rate by a few Pennie’s like now and we all thought this was our RV, but they did exactly what they said, changed the rate a a fraction of a penny or so. So why is this time any different? Could it be because USD won’t be used anymore? Possibly.. What other evidence would make this time any different? Just wondering and trying not to get my hopes up. 

 

I am cautiously disagreeing with you.  Why would the US treasury get involved with such a small change in the exchange rate when they can simply change it back with little to no fanfare like they did last year?   Also, all the banking and financial platform changes being made.

You could be right GregHi but we will see soon enough.  

Edited by JonnyV
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23 minutes ago, JonnyV said:

 

I am cautiously disagreeing with you.  Why would the US treasury get involved with such a small change in the exchange rate when they can simply change it back with little to no fanfare like they did last year?   Also, all the banking and financial platform changes being made.

You could be right GregHi but we will see soon enough.  

JohnnyV, I want to be wrong, trust me. And you being up valid reasons why it might RV.. I still believe in this RV. We will find out this month apparently.

Edited by GregHi
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48 minutes ago, markb57 said:

It's all irrelevant as long as they're using the dollar..... The US Treasury may have told them to stop using it but that order was ignored.

The dollar is king in Iraq......

well they have to now pay in all accounts in Iraq in dinars, they have adjusted salary scales to make way for change in US rate and have been instructed to stop using USD in all transactions in country...

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