The Association of Banks announces its readiness to implement the instructions of the Central Bank regarding exchange rates

[6ly410]

In the presence of all banks. A meeting at the central bank tomorrow regarding the dollar exchange rate

In the presence of all banks. Meeting at the Central Bank tomorrow on the exchange rate of the dollar » Baghdad News Agency Today (baghdadtoday.news)

Economy | Yesterday, 22:49 | 

 

 

Baghdad Today-Baghdad

According to an informed source today, Monday, the Central Bank of Iraq will witness an important meeting tomorrow related to 3 files, including the dollar exchange rate.

The source told "Baghdad Today", that "the Central Bank of Iraq will witness tomorrow the first meeting headed by the new governor Ali Al-Alaq," noting that "the meeting will be attended by representatives of all banks."

"The meeting is deliberative on monetary policy and proposals on the exchange rate and the electronic platform," he added.

All popular and economic circles are looking towards the Central Bank and its procedures with the increasing economic files that need the intervention of the Central Bank, especially after the replacement of Governor Mustafa Ghaleb Makheeb and the installation of Ali Al-Alaq instead, at a time when the fluctuation of dollar exchange rates is increasing, as well as information circulating about the spread of counterfeit currencies in the Iraqi markets.

 

[6ly410]

Tomorrow, Tuesday: an important meeting of the Central Bank of Iraq and expected decisions regarding the rise of the dollar

 

2023-01-30 13:44

 

 

Shafaq News/ An informed source said on Monday that the Central Bank of Iraq will hold an "important meeting" tomorrow, Tuesday, regarding the crisis of the dollar's high exchange rate in the local market.

The source added to Shafaq News agency; It is likely that the central bank will issue new decisions in order to control the exchange rate and prevent its continued rise.

 

 

 

He pointed out that "the meeting will be attended by the heads of the board of directors of banks and managers."

The exchange rates of the dollar rose against the Iraqi dinar earlier today, Monday, with the closure of the main stock exchange in Baghdad, and in Erbil, the capital of the Kurdistan Region.

Shafaq News agency reporter said that the central Al-Kifah Stock Exchange closed in Baghdad at 166,600 Iraqi dinars, compared to 100 dollars.

 

https://shafaq.com/ar/سیاسة/غدا-الثلاثا-اجتماع-مهم-للبنك-المركزي-العراقي-وقرارات-مرتقبة-بش-ن-ارتفاع-الدولار

[screwball]

15 hours ago, 6ly410 said:

Tomorrow, Tuesday: an important meeting of the Central Bank of Iraq and expected decisions regarding the rise of the dollar

 

2023-01-30 13:44

 

 

Shafaq News/ An informed source said on Monday that the Central Bank of Iraq will hold an "important meeting" tomorrow, Tuesday, regarding the crisis of the dollar's high exchange rate in the local market.

The source added to Shafaq News agency; It is likely that the central bank will issue new decisions in order to control the exchange rate and prevent its continued rise.

 

 

 

He pointed out that "the meeting will be attended by the heads of the board of directors of banks and managers."

The exchange rates of the dollar rose against the Iraqi dinar earlier today, Monday, with the closure of the main stock exchange in Baghdad, and in Erbil, the capital of the Kurdistan Region.

Shafaq News agency reporter said that the central Al-Kifah Stock Exchange closed in Baghdad at 166,600 Iraqi dinars, compared to 100 dollars.

 

https://shafaq.com/ar/سیاسة/غدا-الثلاثا-اجتماع-مهم-للبنك-المركزي-العراقي-وقرارات-مرتقبة-بش-ن-ارتفاع-الدولار

This will be interesting 

[6ly410]

An upcoming decision on the dollar. CBE Governor issues first directive to banks

Today 19:04

An upcoming decision on the dollar. The Governor of the Central Bank issues the first directive to | banks Information (almaalomah-me.translate.goog)

Information/Baghdad.

The Governor of the Central Bank, Ali Al-Alaq, issued a directive to the departments of banks regarding the situation of the banking sector.

According to documents seen by the information, Al-Alaq directed banks to attend a meeting tomorrow, Tuesday, at the headquarters of the Central Bank, and the documents showed that the meeting concerns the Iraqi banking sector.

The First Vice President of the Parliamentary Integrity Committee, Alia Nassif, revealed earlier on Monday the intention of Prime Minister Mohamed Shia Al-Sudani to take shocking measures on the dollar crisis, pointing out that a specialized financial company submitted recommendations to Al-Sudani to address the current crisis.

Media and banking sources reported that the central bank is moving to reduce the dollar exchange rate to 135,000 dinars per 100 dollars, to control the significant rise in hard currency. Finished/25hr

[NMP2017]

1 hour ago, 6ly410 said:

...Media and banking sources reported that the central bank is moving to reduce the dollar exchange rate to 135,000 dinars per 100 dollars, to control the significant rise in hard currency. Finished/25hr...

so 1350 - 1 instead of 1470...woop deee dooo....c'mon! give us a MUCH BETTER rate! taterface was wanting 1350 months ago, is he in charge again/still? (sarcasm)

[screwball]

5 minutes ago, NMP2017 said:

Media and banking sources reported

smack talk! time will tell

[6ly410]

A meeting of the central bank with banks to discuss the dollar crisis

 

economy |Today, 10:09 |

    https://baghdadtoday.news/211608-اجتماع-للبنك-المركزي-مع-المصارف-لمناقشة-أزمة-الدولار.html#

 

Baghdad today - Baghdad 

An informed source said, today, Tuesday, that the Central Bank of Iraq will meet with all banks .

The source told (Baghdad Today) that "the Central Bank of Iraq has just begun its meeting with all banks." 

He explained that "the meeting comes to discuss everything related to the economic crisis that is hitting the country, especially the rise of the US dollar against the Iraqi dinar."

The Governor of the Central Bank, Ali Al-Alaq, had issued, on Monday, a directive to bank departments regarding the status of the banking sector . While he called for a meeting, today, Tuesday, at the headquarters of the Central Bank. 

Editing: A.G 

[6ly410]

Central Bank Governor: We will issue decisions to reduce the dollar and two meetings with the American side within two days

• Time: 01/31/2023 13:56:40
•  
• Read: 2,158 times

  https://alforatnews.iq/news/محافظ-البنك-المركزي-سنصدر-قرارات-كفيلة-بخفض-الدولار-واجتماعان-مع-الجانب-الامريكي-خلال-يومين

{Economic: Al Furat News} The agency governor of the Central Bank of Iraq, Ali Al-Alaq, revealed the imminent issuance of decisions to reduce the exchange rate of the dollar, which today reached 1670 dinars in the local markets.

A member of the Parliamentary Economy Committee, Barbar Rashid, told {Euphrates News} that "the presence of the governor of the Central Bank to the House of Representatives today to discuss the issue of the rise in the exchange rates of the dollar, where Al-Alaq confirmed that decisions will be issued that are sufficient to reduce the exchange rate."
Rashid added that Al-Alaq "revealed a meeting with the American side in Turkey during the next two days and another meeting on the ninth of next March with the US Federal Bank in Washington."
A member of the Parliamentary Economy Committee expected, "a drop in the exchange rate of the dollar in the coming days, after a series of measures implemented by the government and the central bank."

[6ly410]

Today.. The Central Bank of Iraq is in the process of taking a decision that may reduce the price of the dollar

Posted 7 seconds ago

 

Today.. The Central Bank of Iraq is in the process of taking a decision that may reduce the price of the dollar - Iraq news (iraqakhbar-com.translate.goog)

 

News Source /Iraq Today Agency

 

Baghdad - Iraq Today:

The Governor of the Central Bank, Ali Al-Alaq, issued a directive to the departments of banks regarding the situation of the banking sector.

According to informed sources, Al-Alaq directed banks to attend a meeting on Tuesday at the headquarters of the Central Bank, and the sources indicated that the meeting concerns the Iraqi banking sector.

The First Vice President of the Parliamentary Integrity Committee, Alia Nassif, revealed earlier, the intention of Prime Minister Mohamed Shia Al-Sudani to take shocking measures on the dollar crisis, pointing out that a specialized financial company made recommendations to Al-Sudani to address the current crisis.

Media and banking sources reported that the central bank is moving to reduce the dollar exchange rate to 135,000 dinars per 100 dollars, to control the significant rise in hard currency.

[screwball]

1 hour ago, 6ly410 said:

Al-Alaq "revealed a meeting with the US side in Turkey during the next two days and another meeting on the ninth of next March with the US Federal Bank in Washington."

8th feb and 9th of March 

[horsesoldier]

Keep pushing it out there until its no longer feasible, practical of financially logical to do anything else but keep the IQD where it is, give or take.

Meet the New Year, same as all the previous years.

[NoviceInvestor]

1 hour ago, horsesoldier said:

Keep pushing it out there until its no longer feasible, practical of financially logical to do anything else but keep the IQD where it is, give or take.

Meet the New Year, same as all the previous years.

They will keep moving the Goal Post till they are prepared to go fully Digital. JMO..

Edited January 31, 2023 by NoviceInvestor
Word Correction

[6ly410]

The Finance Committee reveals its impression of the meeting with the Governor of the Central Bank on the dollar

The Finance Committee reveals its impression of the meeting with the Governor of the Central Bank on the dollar » Baghdad Today News Agency

 

Economy | Yesterday, 23:09 | 

    

 

Baghdad Today - Baghdad

The Parliamentary Finance Committee confirmed on Tuesday that it sensed the "seriousness" of Central Bank Governor Ali Al-Alaq to take measures to stabilize dollar exchange rates.

The head of the committee, Atwan Al-Atwani, said in a statement received by "Baghdad Today", that "we received today, Tuesday, at the headquarters of the Finance Committee in the House of Representatives, the Governor of the Central Bank of Iraq Ali Al-Alaq; to discuss the crisis of fluctuating dollar exchange rates and its repercussions on the Iraqi economy."

He added that "after reviewing the steps and measures taken recently, we saw the seriousness and insistence of the governor of the Central Bank to return the dollar rate to normal, and end the instability of exchange rates in the local markets."

He continued: "We stressed the need to accelerate the adoption of bold and effective steps to address the causes of the current crisis, which is reflected on the livelihood of citizens, especially the poor and middle-income segments," stressing "the support of the legislative authority for the measures of the Central Bank of Iraq aimed at restoring confidence in the Iraqi dinar and correcting the wrong paths."

 

[6ly410]

 

[6ly410]

 

[screwball]

Let me make this clear they want the USD to collapse, Putin, Xi, Bin Salman and Trump….Trump wants trillions to repay the cost of the war…he will get it…we will get a high rate that’s a fact…trump Putin, Xi, Bin Salaman and Trump will win…the deep state cabal central banks will loose…the fake FIAT USD will fall…

[yota691]

The central bank meets with banks to discuss the dollar crisis

Economie| 10:09 - 01/31/2023

 

 

 

 

Baghdad - Mawazine News
An informed source said, on Tuesday, that a meeting had begun at the Central Bank to discuss the crisis of the dollar's high exchange rate.

The source told Mawazine News, "A short time ago, a meeting began in the Central Bank building, in the presence of all banks."

The source, who asked not to be named, added, "The meeting comes to discuss the dollar crisis." Ended 29/N33

[yota691]

Deputy: The Central Bank will issue within two days new instructions to control exchange rate fluctuations

Economie| 11:30 - 02/02/2023

 

 

 

 

Baghdad - Mawazine News
The Parliamentary Finance Committee revealed, on Thursday, new procedures for the Central Bank of Iraq to control exchange rate fluctuations, while it put forward a set of recommendations to control them.

A member of the Parliamentary Finance Committee, Mustafa Al-Karawi, told the official news agency, "The central bank must meet the requirements of the US Federal Bank to prevent or reduce pressure on the bills sent to it, to limit the scarcity of hard currency in the country."

And he stressed, "the need to find real solutions to the mechanism for granting banking licenses, and to give confidence to merchants that they deal directly with the Central Bank without mediation, in order to control the economic reality and the movement of the dollar within the country."

Al-Karawi called on the government to "work to resolve the issue of fluctuating exchange rates in the markets, and to remove the Federal Bank from controlling the Iraqi economy," explaining that "the previous Iraqi governments did not develop a government strategy and program to manage the exchange rate file and the currency sale window."

He added, "The Finance Committee met with the Governor of the Central Bank of Iraq, and proposals that will be put forward to reduce economic pressure on the citizen were listened to," pointing out that "the bank will issue, during the next two days, new instructions with the aim of finding quick solutions for the citizen by increasing the number of outlets and facilitating Procedures for granting banking licenses, opening direct agencies for merchants who import materials from abroad, and controlling border crossings to find out the true volume of the country's imports.

And he continued, "These measures must be taken quickly at the internal level, while the external level will become clear after the visit of the Iraqi delegation to negotiate with the American side on the 10th of February." Ended 29/N33

[mally2]

"These measures must be taken quickly at the internal level, while the external level will become clear after the visit of the Iraqi delegation to negotiate with the American side on the 10th of February." 

 

 

A new date, to me anyways, thrown out of the 10th? This is multiple articles now using verbiage along the lines of "everything will be made clear" "all will be revealed when" etc regarding this upcoming meeting in DC 

[6ly410]

Parliamentary Finance: The Central Bank's procedures regarding the devaluation of the dollar exchange rates are wrong

Parliamentary Finance: The Central Bank's procedures regarding the reduction of dollar exchange rates are wrong – Iraq News Network (aliraqnews.com)

Last Updated: February 2, 2023 - 3:45 PM

Baghdad / Iraq News Network - The Parliamentary Finance Committee revealed, on Thursday, new procedures for the Central Bank of Iraq to control exchange rate fluctuations, while putting forward a set of recommendations to control them.A member of the Parliamentary Finance Committee, Mustafa Al-Karawi, told the official news agency, "The Central Bank must meet the requirements of the US Federal Bank to prevent or reduce pressure on bills sent to it, to reduce the scarcity of hard currency in the country." Al-Karawi called on the government to "work to resolve the file of exchange rate volatility in the markets, and to remove the Federal Bank from controlling the Iraqi economy," explaining that "previous Iraqi governments did not develop a strategy and a government program to manage the exchange rate file and the currency sale window." He pointed out that "the bank will issue during the next two days new instructions with the aim of finding quick solutions for the citizen by increasing the number of outlets, facilitating the procedures for granting banking licenses, opening direct agencies for traders who import materials from abroad, and controlling border crossings to know the real volume of the country's imports.

[3n1]

1 hour ago, mally2 said:

"These measures must be taken quickly at the internal level, while the external level will become clear after the visit of the Iraqi delegation to negotiate with the American side on the 10th of February." 

 

 

A new date, to me anyways, thrown out of the 10th? This is multiple articles now using verbiage along the lines of "everything will be made clear" "all will be revealed when" etc regarding this upcoming meeting in DC 

 

maybe this is what the feb.10th visit is about , i think kinda negative sometimes but every time i think iraq is going to do a positive for the country its always been the opposite .... heres hoping

 

"The Associated Press reported that the United States has been restricting Iraq's access to its "dollar reserves" for months, in an effort to stop what Iraqi officials describe as "rampant money laundering in favor of Iran and Syria."

[6ly410]

Expert: Fears that the government will resort to printing a monetary block of 82-87 trillion dinars

2023.02.02 - 19:52

Expert: Fears that the government will resort to printing a monetary block of 82-87 trillion dinars (nasnews.com)

 

  

Baghdad - Nas  

Nabil al-Marsoumi, an expert and professor of economics at the University of Basra, revealed on Thursday fears that the government will resort to printing a monetary mass of 82 trillion to 87 trillion dinars.  

  

  

Al-Marsoomi stated in a post followed by "Nas", (February 2, 2023), that "dollar concerns, the Central Bank of Iraq owns the dollar, the parallel market owns the dinar, the problem: the weak ability of the Central Bank of Iraq to withdraw liquidity from the dinar in exchange for large public spending in Iraqi dinars."  

  

"The results: First, a new cash issuance from 82 trillion to 87 trillion dinars. Second, the rise in the exchange rate of the dollar against the dinar. Third, the high level of inflation."  

[dinarham]

Introducing the lower denoms into circulation is a logistical huge problem to solve . Electronic cards loaded with money from the government could temporarily ease this problem . And yes  , the government owes them money since Iraqi oil is owned by the citizens .

[screwball]

6 hours ago, 6ly410 said:

the parallel market owns the dinar, the problem: the weak ability of the Central Bank of Iraq to withdraw liquidity from the dinar in exchange for large public spending in Iraqi dinars."  

hmmm....RV?

[screwball]

6 hours ago, dinarham said:

Introducing the lower denoms into circulation is a logistical huge problem to solve . Electronic cards loaded with money from the government could temporarily ease this problem . And yes  , the government owes them money since Iraqi oil is owned by the citizens .

realistically probably not....yes EC will solve part of the problem...dinars returning to the CBI will do the rest