Official CBI News 03/14/2023

[Danishere4news2]

Printing 20k notes is not what we want to see them do imo.

[yota691]

The Iraqi Central Bank announces the possibility of printing a currency of 20,000 dinars

 

Central Bank of Iraq

 March 29, 2023 01:10 PM

RIYADH – Mubasher: The Central Bank of Iraq expected today, Wednesday, a decrease in the difference between the official and parallel exchange rates during the coming period, and while it indicated that it would soon issue a decision regarding the possibility of printing a denomination of 20,000 dinars, as part of its procedures for monitoring commercial banks.

 

The assistant general manager of the bank's investment department, Muhammad Mounir, told the Iraqi News Agency "INA": "The packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate," expecting "a decrease in the difference between the official and parallel exchange rates in the coming period from During the first, second and third packages of the Central Bank, as well as the government's continuous support.

Mounir continued, "The Central Bank is in continuous updating of all procedures, and every step that is launched is viewed and measured, and the extent of its response and impact on the market, and what are its pros and cons, if any."

Regarding printing new cash categories, Mounir indicated that “the central bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting,” noting that “the issuance and treasury department is working to study the possibility of printing a cash category of 20 thousand dinars, and in the coming days it will take action The decision to print or not to print.

Regarding the central bank building, he stressed that "work is in full swing and 24 hours to complete it."

On the other hand, he pointed out, "The Banking and Credit Control Department monitors commercial banks, and there are field and office inspection teams that are responsible for monitoring the work and performance of banks."

He stressed that "the doors and phones of the Central Bank are open to any complaint submitted by the citizen to the banks or one of the financial institutions or merchants, and the complaint is met and urgent action is taken in its regard."

[yota691]

The Iraqi Central Bank wants to issue a denomination of 20,000 dinars: we will issue a decision to print it or not

 2023/03/29

 

 924

 

Baghdad / resource news

 

Today, Wednesday, the Central Bank expected a decrease in the difference between the official and parallel exchange rates during the coming period, and while it indicated the imminent issuance of a decision regarding printing a denomination of 20,000 dinars, it clarified its procedures for monitoring commercial banks.

The assistant general manager of the investment department in the bank, Muhammad Mounir, said, according to the official media, that “the packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate,” expecting “a decrease in the difference between the official and parallel exchange rates in the coming period through packages: The first, second and third of the Central Bank, as well as the government's continued support.

Mounir continued, "The Central Bank is in continuous updating of all procedures, and every step that is launched is viewed and measured, and the extent of its response and impact on the market, and what are its pros and cons, if any."

Regarding printing new cash categories, Mounir indicated that “the central bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting,” noting that “the issuance and treasury department is working to study the possibility of printing a cash category of 20 thousand dinars, and in the coming days it will take action The decision to print or not to print.

Regarding the central bank building, he stressed that "work is in full swing and 24 hours to complete it."

On the other hand, he pointed out, "The Banking and Credit Control Department monitors commercial banks, and there are field and office inspection teams that are responsible for monitoring the work and performance of banks."

And he stressed, "The doors and phones of the Central Bank are open to any complaint submitted by the citizen to the banks or one of the financial institutions or merchants, and the complaint is met and urgent action is taken in its regard."

[yota691]

New talk from the Central Bank regarding the exchange rate and the possibility of printing a denomination of 20 thousand dinars

drains
   

Economy News - Baghdad
On Wednesday, the Central Bank expected a decrease in the difference between the official and parallel exchange rates during the coming period, while it indicated that a decision would soon be issued regarding the possibility of printing a denomination of 20,000 dinars.

 

The assistant general manager of the investment department in the bank, Muhammad Mounir, said, "The packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the exchange rate of the dollar," expecting "a decrease in the difference between the official and parallel exchange rates in the coming period through the first, second and third packages of the Central Bank." In addition to the government's continued support.

 

Mounir added, "The Central Bank is in continuous updating of all procedures, and every step that is launched is reviewed and the extent of its response and impact on the market is measured and what are its pros and cons, if any," according to the official news agency.

 

Regarding printing new cash denominations, Mounir stated that "the Central Bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting," noting that "the Department of Issuance and Treasurys is working to study the possibility of printing a cash denomination of 20,000 dinars, and in the coming days it will take the decision to print it or not printed.” 

 

 

---

190 views

Added 03/29/2023 - 11:29 AM

[yota691]

The Iraqi Central Bank wants to issue a denomination of 20,000 dinars: we will issue a decision to print it or not

 2023/03/29

 

 925

Baghdad / resource news

 

Today, Wednesday, the Central Bank expected a decrease in the difference between the official and parallel exchange rates during the coming period, and while it indicated the imminent issuance of a decision regarding printing a denomination of 20,000 dinars, it clarified its procedures for monitoring commercial banks.

The assistant general manager of the investment department in the bank, Muhammad Mounir, said, according to the official media, that “the packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate,” expecting “a decrease in the difference between the official and parallel exchange rates in the coming period through packages: The first, second and third of the Central Bank, as well as the government's continued support.

Mounir continued, "The Central Bank is in continuous updating of all procedures, and every step that is launched is viewed and measured, and the extent of its response and impact on the market, and what are its pros and cons, if any."

Regarding printing new cash categories, Mounir indicated that “the central bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting,” noting that “the issuance and treasury department is working to study the possibility of printing a cash category of 20 thousand dinars, and in the coming days it will take action The decision to print or not to print.

Regarding the central bank building, he stressed that "work is in full swing and 24 hours to complete it."

On the other hand, he pointed out, "The Banking and Credit Control Department monitors commercial banks, and there are field and office inspection teams that are responsible for monitoring the work and performance of banks."

And he stressed, "The doors and phones of the Central Bank are open to any complaint submitted by the citizen to the banks or one of the financial institutions or merchants, and the complaint is met and urgent action is taken in its regard."

[6ly410]

The Central Bank talks about the "omens of its measures": the dollar began to decline against the dinar

The Central Bank talks about the "omens of its measures": the dollar began to fall against the dinar (economy-news.net)

Economy News - Baghdad

On Thursday, the Central Bank of Iraq identified four measures to support the strength of the Iraqi dinar, while stressing that its packages met most market demands and contributed to the decline of the dollar.

"The Central Bank has taken a set of packages to support the process of strengthening the Iraqi dinar, promoting external transfer, financing trade, study and others," said Mohammed Younis, assistant general manager of the bank's investment department, noting that "the signs of these packages on the strength of the Iraqi dinar began to appear today."

Younis added that "the dollar began to decline against the dinar continuously as a result of these packages, which met most of the demands of the Iraqi market," noting that "this contributed to reducing the difference between the official and parallel exchange rate."

He pointed out that "Iraq is an importer of everything and therefore the size of its large demand for the dollar sometimes makes it strong against the dinar," pointing out that "the actions of the Central Bank are supported by the decisions of the Prime Minister and the Council of Ministers."

He stressed "the need to combine all efforts to support the strength of the dinar through measures represented first to support the local product, secondly to reduce import operations, third to control markets and fourthly to control border crossings," noting that "most markets have started dealing with the Iraqi dinar and this will contribute to supporting it."

He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems," stressing that "Iraq has more than 130 tons of gold," according to the official agency.

 

Views 128

Added 2023/03/30 - 11:17 AM

[6ly410]

Central Bank outlines four measures to support the strength of the Iraqi dinar

Posted 32 seconds ago

The Central Bank identifies four measures to support the strength of the Iraqi dinar | Independent Press Agency (mustaqila-com.translate.goog)

 

News Source /Independent Press Agency

The Central Bank of Iraq identified, on Thursday, four measures to support the strength of the Iraqi dinar, and while stressing that its packages met most of the market demands and contributed to the decline of the dollar, it announced addressing the problem of dollar contracts for some departments.

The Assistant Director General of the Bank's Investment Department, Muhammad Yunus, said in a statement to the official agency and his independent follow-up, that "the Central Bank has taken a set of packages to support the process of strengthening the Iraqi dinar, promoting external transfer, financing trade, study and others," noting that "the omens of these packages on the strength of the Iraqi dinar began to appear today."

Younis added that "the dollar began to decline against the dinar continuously as a result of these packages, which met most of the demands of the Iraqi market," noting that "this contributed to reducing the difference between the official and parallel exchange rates."

And that "Iraq is an importer of everything, and therefore the large volume of its demand for the dollar makes it sometimes strong against the dinar," noting that "the central bank's actions are supported by the decisions of the Prime Minister and the Council of Ministers."

And he stressed, “The need for all efforts to come together to support the strength of the dinar through measures represented first by supporting the local product, secondly by reducing import operations, third by controlling markets, and fourth by controlling border crossings,” noting that “most markets have started dealing in the Iraqi dinar, and this will contribute to its support.”

He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems," stressing that "Iraq has more than 130 tons of gold."

[6ly410]

The Central Bank identifies 4 measures to suppor t the strength of the Iraqi dinar

 Today, 11:02

 

Baghdad - Waa

Today, Thursday, the Central Bank of Iraq identified four measures to support the strength of the Iraqi dinar, and while stressing that its packages met most of the market demands and contributed to the decline in the dollar, he announced addressing the problem of dollar contracts for some departments.

The Assistant Director General of the Bank's Investment Department, Muhammad Younis, told the Iraqi News Agency (INA) that "the Central Bank has taken a set of packages to support the process of strengthening the Iraqi dinar, promoting external transfer, financing trade, study and others," noting that "the signs of these packages on the strength of the Iraqi dinar began to appear today."

Younis added that "the dollar began to decline against the dinar continuously as a result of these packages, which met most of the demands of the Iraqi market," noting that "this contributed to reducing the difference between the official and parallel exchange rate."

He pointed out that "Iraq is an importer of everything and therefore the size of its large demand for the dollar sometimes makes it strong against the dinar," pointing out that "the measures of the Central Bank are supported by the decisions of the Prime Minister and the Council of Ministers."

He stressed "the need to combine all efforts to support the strength of the dinar through measures represented first to support the local product, secondly to reduce import operations, third to control markets and fourthly to control border crossings," noting that "most markets have started dealing with the Iraqi dinar and this will contribute to supporting it."

He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems,"  stressing that ,"

"Iraq has more than 130 tons of gold."

[6ly410]

The Central Bank of Iraq sets measures to support the dinar and comments on the decline in exchange rates today

2023.03.30 - 11:10

The Central Bank of Iraq sets measures to support the dinar and comments on the decline in exchange rates today (nasnews.com)

  

Baghdad – Nas  

The Central Bank of Iraq identified, on Thursday, four measures to support the strength of the Iraqi dinar, and while confirming that its packages met most of the market demands and contributed to the decline in the dollar, he announced addressing the problem of dollar contracts for some departments.  

    

  

The Assistant Director General of the Investment Department at the bank, Muhammad Yunus, said in a statement to the official agency "NAS", (March 30, 2023), that "the Central Bank has taken a set of packages to support the process of strengthening the Iraqi dinar, enhancing external transfer, financing trade, study, and others," indicating that "the signs of these packages on the strength of the Iraqi dinar began to appear today."  

  

Younis added that "the dollar began to decline against the dinar continuously as a result of these packages, which met most of the demands of the Iraqi market," noting that "this contributed to reducing the difference between the official and parallel exchange rate."  

  

He pointed out that "Iraq is an importer of everything and therefore the size of its large demand for the dollar sometimes makes it strong against the dinar," pointing out that "the measures of the Central Bank are supported by the decisions of the Prime Minister and the Council of Ministers."  

  

He stressed "the need to combine all efforts to support the strength of the dinar through measures represented first to support the local product, secondly to reduce import operations, third to control markets and fourthly to control border crossings," noting that "most markets have started dealing with the Iraqi dinar and this will contribute to supporting it."  

  

He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems," stressing that "Iraq has more than 130 tons of gold."  

  

  

[screwball]

1 hour ago, 6ly410 said:

He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems," stressing that "Iraq has more than 130 tons of gold."  

Really….that’s a lot…where did this number come from, plus 115 billion in cash reserves 

[keylime]

2 hours ago, 6ly410 said:

The Central Bank identifies 4 measures to support system">suppor t the strength of the Iraqi dinar

 Today, 11:02

 

Baghdad - Waa

Today, Thursday, the Central Bank of Iraq identified four measures to support system">support the strength of the Iraqi dinar, and while stressing that its packages met most of the market demands and contributed to the decline in the dollar, he announced addressing the problem of dollar contracts for some departments.

The Assistant Director General of the Bank's Investment Department, Muhammad Younis, told the Iraqi News Agency (INA) that "the Central Bank has taken a set of packages to support system">support the process of strengthening the Iraqi dinar, promoting external transfer, financing trade, study and others," noting that "the signs of these packages on the strength of the Iraqi dinar began to appear today."

Younis added that "the dollar began to decline against the dinar continuously as a result of these packages, which met most of the demands of the Iraqi market," noting that "this contributed to reducing the difference between the official and parallel exchange rate."

He pointed out that "Iraq is an importer of everything and therefore the size of its large demand for the dollar sometimes makes it strong against the dinar," pointing out that "the measures of the Central Bank are supported by the decisions of the Prime Minister and the Council of Ministers."

He stressed "the need to combine all efforts to support system">support the strength of the dinar through measures represented first to support system">support the local product, secondly to reduce import operations, third to control markets and fourthly to control border crossings," noting that "most markets have started dealing with the Iraqi dinar and this will contribute to supporting it."

He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems,"  stressing that ,"

"Iraq has more than 130 tons of gold."

I would like to suggest a 5th Measure.

RV the Dinar.

This would really strengthen the dinar against the dollar, provide the citizens with purchasing power, and catapult Iraq into one of the strongest, prime countries not just in the Middle East, but the world.

You know. Just a suggestion. But do what you want.

[yota691]

The Iraqi Central Bank sets measures to suppor t the dinar and comments on the drop in exchange rates today

2023.03.30 - 11:10

 

Baghdad - people  

On Thursday, the Central Bank of Iraq identified four measures to support the strength of the Iraqi dinar, and while confirming that its packages met most of the market's requests and contributed to the decline of the dollar, it announced that it would address the problem of contracting in dollars for some departments.  

  

  

And the assistant general manager of the investment department in the bank, Muhammad Yunus, said in a statement to the official agency, followed by “NAS”, (March 30, 2023), that “the Central Bank has taken a group of packages to support the process of strengthening the Iraqi dinar, strengthening external transfers, financing trade, studies, and others,” indicating, “that” The signs of these firmnesses on the strength of the Iraqi dinar began to appear today.  

  

Younes added, "The dollar began to decline continuously against the dinar as a result of these packages that met most of the Iraqi market's requests," noting that "this contributed to reducing the difference between the official and parallel exchange rate."  

  

And that "Iraq is an importer of everything, and therefore the large volume of its demand for the dollar makes it sometimes strong against the dinar," noting that "the central bank's actions are supported by the decisions of the Prime Minister and the Council of Ministers."  

  

And he stressed, "The need for all efforts to come together to support the strength of the dinar through measures represented first by supporting the local product, secondly by reducing import operations, third by controlling markets, and fourth by controlling border crossings," noting that "most markets have started dealing in the Iraqi dinar, and this will contribute to its support."  

  

He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems," stressing that "Iraq has more than 130 tons of gold."  

[yota691]

Central Bank: The dollar began to decline continuously

• Time: 03/30/2023 11:26:55
•  
• Read: 3,133 times

 {Economic: Al Furat News} The Central Bank of Iraq announced the beginning of the decline in the exchange rate of the dollar against the dinar.
And the assistant general manager of the investment department in the bank, Muhammad Yunus, said in a press statement, "The central bank has taken a group of packages to support the process of dinar strength, and the signs of these packages on the strength of the dinar began to appear today."
He added, "The dollar began to decline continuously against the dinar as a result of these packages that met most of the Iraqi market's requests," noting that "this contributed to reducing the difference between the official and parallel exchange rate."
And that "Iraq is an importer of everything, and therefore the large volume of its demand for the dollar sometimes makes it strong against the dinar."
He pointed out that "most of the markets have started dealing in the Iraqi dinar, and this will contribute to its support."
On February 7, the Council of Ministers decided to adjust the exchange rate of the dollar to the equivalent of 1,300 dinars, from 1,460 dinars. 

 

[yota691]

Member of Parliamentary Finance: The stability of the dollar exchange depends on the government's control of the market

• Time: 03/30/2023 14:42:38
•  
• Read: 819 times

  

{Economic: Al Furat News} A member of the Parliamentary Finance Committee saw that the stability of the exchange rate of the dollar against the dinar depends on the government's efforts to control the market.

Moeen Al-Kadhimi told {Euphrates News} agency: "The issue of stability of the dollar exchange rate depends on the government's efforts and the extent of its ability to control the market and follow up on private banks and money changers, especially those that the government sells to them at a rate of $50 million in cash."
He stressed, "It must be controlled to provide citizens with what they need according to the official price, in addition to financial transfers that are transferred abroad through commercial transactions. These steps are supposed to restore control to the market."
The Central Bank of Iraq announced today, Thursday, the beginning of the decline in the exchange rate of the dollar against the dinar.
And the assistant general manager of the investment department in the bank, Muhammad Yunus, said in a press statement, "The central bank has taken a group of packages to support the process of dinar strength, and the signs of these packages on the strength of the dinar began to appear today."
He added, "The dollar began to decline continuously against the dinar as a result of these packages that met most of the Iraqi market's requests," noting that "this contributed to reducing the difference between the official and parallel exchange rate," pointing out that "most markets began dealing in the Iraqi dinar, and this will contribute to its support." .
On February 7, the Council of Ministers decided to adjust the exchange rate of the dollar to the equivalent of 1,300 dinars, from 1,460 dinars.
Following the government's decision, the Central Bank announced a set of facilities to meet the demand for dollars in both aspects of cash and foreign transfers.

[yota691]

Central is studying the possibility of printing a class of 20 thousand dinars

Economical  2023/03/30

 

 

 Baghdad: morning 

 

Yesterday, Wednesday, the Central Bank expected a decrease in the difference between the official and parallel exchange rates during the coming period, and while it indicated the imminent issuance of a decision regarding the possibility of printing a denomination of 20,000 dinars, it clarified its procedures for monitoring commercial banks.

 

The assistant general manager of the investment department in the bank, Muhammad Mounir, told the Iraqi News Agency (INA): “The packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate,” expecting “a decrease in the difference between the official and parallel exchange rates in the coming period from During the first, second and third packages of the Central Bank, as well as the government's continuous support. Mounir continued, "The Central Bank is in continuous updating of all procedures, and every step that is launched is reviewed and the extent of its response and impact on the market is measured, and what are its pros and cons, if any." 

 

Regarding printing new monetary categories, Mounir indicated that "the Central Bank is amending and updating currency papers in response to market requests and developments and limiting counterfeiting," noting that "the Issuance and Treasury Department is working on studying the possibility of printing a cash category of 20 thousand dinars, and in the coming days it will take The decision to print or not to print.

Regarding the central bank building, he stressed that "work is in full swing and 24 hours to complete it."

 

On the other hand, he pointed out, "The Banking and Credit Control Department monitors commercial banks, and there are field and office inspection teams that are responsible for monitoring the work and performance of banks."

[yota691]

Central Bank: We have taken a set of packages to suppor t the strength of the dinar, and its signs began to appear today

Economy| 11:07 - 30/03/2023

 

 

 

 

Baghdad - Mawazine News
, on Thursday, the Central Bank of Iraq identified four measures to support the strength of the Iraqi dinar, while confirming that its packages met most of the market's demands and contributed to the decline of the dollar.

And the assistant general manager of the investment department in the bank, Muhammad Yunus, said, “The central bank has taken a group of packages to support the process of the strength of the Iraqi dinar, and to enhance external transfer, financing trade, study, and others,” noting that “the signs of these packages on the strength of the Iraqi dinar began to appear today.”

Younes added, "The dollar began to decline continuously against the dinar as a result of these packages that met most of the Iraqi market's requests," noting that "this contributed to reducing the difference between the official and parallel exchange rate."

And he indicated, "Iraq is an importer of everything, and therefore the large volume of its demand for the dollar sometimes makes it strong against the dinar," pointing out that "

And he stressed, "The need for all efforts to come together to support the strength of the dinar through measures represented first by supporting the local product, secondly by reducing import operations, third by controlling markets, and fourth by controlling border crossings," noting that "most markets have started dealing in the Iraqi dinar, and this will contribute to its support."

He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems," stressing that "Iraq has more than 130 tons of gold," according to the official agency. Ended 29/N33

[6ly410]

To reach 132K

Economist expects the dollar exchange rate to continue to decline

 

Economy | Today, 17:37 | 

Economist is likely to continue to decline the dollar exchange rate » Baghdad News Agency Today (baghdadtoday.news)

 

 

Baghdad Today – Baghdad

Economist Nasser Al-Kinani said on Thursday that the dollar will continue to decline to reach the official rate in the coming days.

Al-Kinani told Baghdad Today that "the dollar has begun to decline gradually and this is due to the continued rise in sales of the Central Bank for a long time, as well as the measures taken by the government and the bank recently."

He explained that "the dollar will continue to decline during the next few days, until the exchange rate in the parallel market reaches the official rate approved and fixed by the Central Bank, as the dollar crisis needs time only."

The exchange rates of the dollar against the Iraqi dinar have been declining in recent days, as the exchange rate, on Thursday, reached 151 thousand dinars per 100 dollars, an accelerated decline from 154 per 100 dollars that had been recorded on Thursday morning.

[6ly410]

Member of the Parliamentary Finance: The stability of the dollar exchange depends on the government's control of the market

•  Time : 2023/03/30 14:42:38
•  
• Member of the Parliamentary Finance: The stability of the dollar exchange depends on the government's control of the market - Al-Furat News (alforatnews.iq)

  

A member of the Parliamentary Finance Committee said that the stability of the exchange rate of the dollar against the dinar depends on the government's efforts to control the market.

Mueen Al-Kazemi told Al-Furat News: "The issue of the stability of the dollar exchange rate depends on the government's efforts and the extent of its ability to control the market and follow up on private banks and exchanges, especially those that the government sells to them at a rate of $ 50 million in cash."
"It must be controlled to equip citizens with what they need according to the official rate, as well as remittances transferred abroad through commercial transactions, these steps are supposed to restore control to the market," he stressed.
The Central Bank of Iraq announced on Thursday the start of the decline in the exchange rate of the dollar against the dinar.
The assistant general manager of the bank's investment department, Muhammad Younis, said in a press statement, "The Central Bank has taken a set of packages to support the process of strengthening the dinar, and the signs of these packages on the strength of the dinar began to appear today."
He added, "The dollar began to decline against the dinar continuously as a result of these packages, which met most of the demands of the Iraqi market," noting that "this contributed to reducing the difference between the official and parallel exchange rate," pointing out that "most markets began to deal with the Iraqi dinar and this will contribute to supporting it."
The Council of Ministers decided on February 7 to amend the dollar exchange rate to the equivalent of 1,300 dinars, from 1,460 dinars.
Following the government's decision, the central bank announced a set of easing packages to meet demand for dollars on both the monetary and foreign remittances sides.
 

[6ly410]

The Central Bank is considering the possibility of printing a denomination of 20 thousand dinars

2023/03/30

The Central Bank is considering the possibility of printing a denomination of 20 thousand dinars » Al-Sabah Newspaper (alsabaah-iq.translate.goog)

 

Baghdad: Morning

 

The Central Bank expected on Wednesday to decrease the difference between the official and parallel exchange rates during the coming period, and while indicating the imminent issuance of a decision on the possibility of printing a denomination of 20 thousand dinars, it clarified its procedures in monitoring commercial banks. The Assistant Director General of the Bank's Investment Department, Muhammad Munir, told the Iraqi News Agency (INA): “The packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate,” expecting “a decrease In the difference between the official and parallel exchange rates in the coming period through the first, second and third packages of the Central Bank, as well as the government's continuous support. "

Regarding the printing of new currency denominations, Mounir pointed out that "the Central Bank is amending and updating currency notes in response to market requests and developments and reducing counterfeiting," noting that "the Department of Issuance and Treasury is working to study the possibility of printing a 20,<> dinar denomination, and in the coming days he will take the decision to print it or not to print it.”

Regarding the central bank building, he stressed that "work is under way in full swing and 24 hours a day to complete it."

“The Banking and Credit Control Department monitors commercial banks, and there are field and office inspection teams responsible for monitoring the work and performance of banks,” he said.

[HowieC]

They're "considering the possibility of printing a denomination"? At this stage of the game? I'm considering that's ridiculous.  I call BS 

[DinarDavo]

29 minutes ago, HowieC said:

They're "considering the possibility of printing a denomination"? At this stage of the game? I'm considering that's ridiculous.  I call BS 

 

At this point I would say it's equal measures of BS and they have no idea what they are doing...too many paws in the cookie jar.

[Laid Back]

Maybe the plan is to print the 20,000 dinar note to replace the 25,000 dinar note. So, when they delete the 000 it will be like this;

 

50,000 minus 000 =50 dinar

20,000 minus 000 =20 dinar

10,000 minus 000 = 10 dinar

5,000 minus 000 = 5 dinar

1,000 minus 000 = 1 dinar

 

Go delete of 000

Go lower denomination notes 

Go stronger dinar $1+

[cutter73]

 

OMG... they must be very trusting.  In Cincy they'd done looted this booth. 

 

Thanks for ALL the news and replies every one! 

[3n1]

1 hour ago, Laid Back said:

Maybe the plan is to print the 20,000 dinar note to replace the 25,000 dinar note. So, when they delete the 000 it will be like this;

 

50,000 minus 000 =50 dinar

20,000 minus 000 =20 dinar

10,000 minus 000 = 10 dinar

5,000 minus 000 = 5 dinar

1,000 minus 000 = 1 dinar

 

Go delete of 000

Go lower denomination notes 

Go stronger dinar $1+

 

thanks Laid back , as long as the cbi does not retire the 25K notes like they did the 50 notes still got some fifty's somewhere , if one held the 50 note you could xchange it in iraq for 4 cents i think some dealers took them i never messed it though not worth the hassle at the current iqd xchange rate the 25k's have devalued from my initial purchase price .

i realize were just riding the coat tails and how it all comes down is how it will be ,nothing guaranteed   Cheers

[6ly410]

Central Bank: New packages will be launched to facilitate traders' access to dollars

Economic Agency News - Central Bank: New packages will be launched to facilitate traders' access to dollars (economy-news.net)

Economy News-Baghdad

Today, Thursday, the Central Bank of Iraq identified the reasons for the gradual decline in the price of the dollar in the past two days, while indicating that the difference between the official and parallel exchange rates will gradually disappear.

Deputy Governor of the Central Bank, Ammar Hamad Khalaf, told the official channel that "the Central Bank has taken several measures to reduce the price of the dollar, especially through the three packages launched earlier this year, which were capable of addressing the rise in the exchange rate in the parallel market."
He added that "the bank met with the Federation of Iraqi Chambers of Commerce and a number of traders to discuss the challenges and develop mechanisms to address them," adding that new packages are likely to be issued to address all the challenges facing traders to facilitate their access to foreign currency.
Khalaf explained the gradual decline in the price of the dollar in the past two days to increase the volume of sales of the Central Bank, "indicating that "the bank has liberalized restrictions on sales, and the bank can sell any amount of dollars as long as there is a real demand for the dollar," explaining, "The difference between the official and parallel exchange rates will gradually disappear."
He pointed out, that "Iraq does not need to establish new banks at the present time or the future, but activate existing banks, pointing to "the presence of more than 70 government and private banks," indicating that "the Central Bank is serious sorting good banks from non-good."
He pointed out that there is a great response by banks to the instructions of the Central Bank on the official exchange rate, calling at the same time to facilitate the procedures of traders' transactions quickly.

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Added 2023/03/30 - 9:51 PM

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