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hammy

By hammy,
in Iraq & Dinar Related News

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hammy Newbie

hammy

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Advisor Central Bank of Iraq: Coming soon to issue the currency of a 100 thousand dinars

Palm - adviser said the Iraqi Central Bank the appearance of Mohammed Saleh, said that the Iraqi currency need to expand and we will issue a currency class 100 thousand dinars.

Saleh said in a press statement that the central bank is considering the idea of re-structuring of currency in terms of specifications and forms to be that we will work to issue new categories of currency have the ability to shorten the quantities large financial aid, pointing out that trading continued in the use of $ 100 is the biggest proof of the urgent need to work on this size.

Salehi, and that the process of lifting of the zeroes needs time and official approval from the government and parliament, adding that the moment is Muhio to delete the zeros from the currency.

Palm - The Iraqi Central Bank Governor Sinan al-Shabibi, on the composition of foreign reserves in support of the Iraqi dinar value amounted to fifty billion dollars, noting that the Iraqi dinar is stable currencies in the region.

He explained in a speech during a session in the Iraqi parliament, that the CBI has sought Bmlake national and experience high to set monetary policy consistent and rational has achieved financial stability in the country, pointing out that the only party in Iraq, which is unique in the production of a public good directly to maintain the purchasing power of the Iraqi dinar.

He Shabibi in a speech to achieve these results in very harsh conditions the Bank's exposure in which to acts of terrorism, and although this did not shake the will of the workers and continued to work to make the bid, saying that the issue of reserves, or the cover of currency comes at the request of the Government and the Ministry of Finance, stressing support the importance of the size of the reserve currency in circulation, because the affected reserves will be reflected on the fiscal balance.

Furthermore, Al adviser to the CBI the appearance of Mohammed Saleh, measures to reduce cash sales in its daily auction to sell foreign currencies as of this week, revealing that speculators were behind the high exchange rate locally for quick profit.

The CBI stressed its procedures for the sale of cash during the last period, the condition of the banks to bring legal documents at the request of foreign exchange, which hampered its work and importers of goods and commodities in and explained that the Central decided to cut the proceedings at the request of documents during the week of the receipt of cash, as can private banks participating in the auction of foreign currencies foreign exchange request at any time and the exchange rate was over 119 000 dinars per hundred dollars last week, after it had been under the 118 thousand.

Salih pointed out that the sale remittances outside Iraq is allowed for commercial purposes, and according to legal documents, citizens can also transfer money to pay fees for university students or outside of Iraq for medical treatment and for other purposes, not inconsistent with the law against money laundering.

The stairway to the Iraqi Central Bank held five meetings a week for an auction sale or purchase of foreign currencies, and receive cash from the sale 13 dinars per dollar as commission, and 13 dinars per dollar on the sale of remittances outside Iraq.

Finance: Delete the zeros of the local currency enhances the value of the Iraqi dinar in the International Monetary Fund

Palms - The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the International Monetary Fund.

The chancellor said the Ministry of Finance Zia Alckheon that the survival of the current currency and the current status would not address the question of the economic gap taking place in the Iraqi dinar as it will increase the burden on the local economy.

The International Monetary Fund expressed support for the Iraqi economy in the event of having a number of economic measures, including privatization of banks and raise three zeroes from the currency and solvency

all three stories translated.

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hammy Newbie

hammy

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First story:

http://www.nakhelnew...ws.php?nid=4366

Advisor Central Bank of Iraq: Coming soon to issue the currency of a 100 thousand dinars

Palm - adviser said the Iraqi Central Bank the appearance of Mohammed Saleh, said that the Iraqi currency need to expand and we will issue a currency class 100 thousand dinars.

Saleh said in a press statement that the central bank is considering the idea of re-structuring of currency in terms of specifications and forms to be that we will work to issue new categories of currency have the ability to shorten the quantities large financial aid, pointing out that trading continued in the use of $ 100 is the biggest proof of the urgent need to work on this size.

Salehi, and that the process of lifting of the zeroes needs time and official approval from the government and parliament, adding that the moment is Muhio to delete the zeros from the currency.

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hammy Newbie

hammy

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Second Story:

http://www.nakhelnew...ws.php?nid=4224

Palm - The Iraqi Central Bank Governor Sinan al-Shabibi, on the composition of foreign reserves in support of the Iraqi dinar value amounted to fifty billion dollars, noting that the Iraqi dinar is stable currencies in the region.

He explained in a speech during a session in the Iraqi parliament, that the CBI has sought Bmlake national and experience high to set monetary policy consistent and rational has achieved financial stability in the country, pointing out that the only party in Iraq, which is unique in the production of a public good directly to maintain the purchasing power of the Iraqi dinar.

He Shabibi in a speech to achieve these results in very harsh conditions the Bank's exposure in which to acts of terrorism, and although this did not shake the will of the workers and continued to work to make the bid, saying that the issue of reserves, or the cover of currency comes at the request of the Government and the Ministry of Finance, stressing support the importance of the size of the reserve currency in circulation, because the affected reserves will be reflected on the fiscal balance.

Furthermore, Al adviser to the CBI the appearance of Mohammed Saleh, measures to reduce cash sales in its daily auction to sell foreign currencies as of this week, revealing that speculators were behind the high exchange rate locally for quick profit.

The CBI stressed its procedures for the sale of cash during the last period, the condition of the banks to bring legal documents at the request of foreign exchange, which hampered its work and importers of goods and commodities in and explained that the Central decided to cut the proceedings at the request of documents during the week of the receipt of cash, as can private banks participating in the auction of foreign currencies foreign exchange request at any time and the exchange rate was over 119 000 dinars per hundred dollars last week, after it had been under the 118 thousand.

Salih pointed out that the sale remittances outside Iraq is allowed for commercial purposes, and according to legal documents, citizens can also transfer money to pay fees for university students or outside of Iraq for medical treatment and for other purposes, not inconsistent with the law against money laundering.

The stairway to the Iraqi Central Bank held five meetings a week for an auction sale or purchase of foreign currencies, and receive cash from the sale 13 dinars per dollar as commission, and 13 dinars per dollar on the sale of remittances outside Iraq.

They have all been released previously.

Looks like a common move by the CBI- rehasing old articles to curb speculation.

Thank You. Have not seen them before.

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KramerDinar Newbie

KramerDinar

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First story:

http://www.nakhelnew...ws.php?nid=4366

Advisor Central Bank of Iraq: Coming soon to issue the currency of a 100 thousand dinars

Palm - adviser said the Iraqi Central Bank the appearance of Mohammed Saleh, said that the Iraqi currency need to expand and we will issue a currency class 100 thousand dinars.

Saleh said in a press statement that the central bank is considering the idea of re-structuring of currency in terms of specifications and forms to be that we will work to issue new categories of currency have the ability to shorten the quantities large financial aid, pointing out that trading continued in the use of $ 100 is the biggest proof of the urgent need to work on this size.

Salehi, and that the process of lifting of the zeroes needs time and official approval from the government and parliament, adding that the moment is Muhio to delete the zeros from the currency.

I don't know if Google is translating this correctly because part of this story talks about introducing a new 100K currency, yet the end of it talks about delete the 3 zeros from the currency. If you are deleting 3 zeros from a 25K not, why add a 4 zero note in the mix. Either translation is bad or this story is garbage,

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krmayo Newbie

krmayo

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"adviser said the Iraqi Central Bank the appearance of Mohammed Saleh"

Hammy, anything from this guy toss out as false, or just believe the opposite of what he says. Seriously. Just watch what Shabibi says.

Edited by krmayo
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