Citizen suffering from persistent volatility

Observers expect that the Iraqi dinar has a promising future, especially after the exit of Chapter VII, so requires the Central Bank to take bold steps to determine the fixed rate of the dinar against the dollar through an auction sale of currency to avoid oscillation in the dinar exchange rate, as a student member of the parliamentary Economic Committee, mehma Khalil, Deputy Central Bank set a new price for the Iraqi dinar to the dollar coin, and there must be a real rate of the dinar. Khalil: political maintain currency and Iraqi dinars from the functions of the Central Bank, and the signals observed internationally, economically, that there is a future for dinars, adding: there shall be the exchange rate of the dinar against the dollar (1300) or (1200) Iraqi dinar, that this price is when the balance was $ 10 billion, and today the balance of sovereign Iraq (76). political and the Central Bank to keep Bank is incorrectAnd demand that there be a strong Iraqi dinar, because what exists of the citizen, however, the Iraqi dinar is equal to the real market price, prompted the Bank to invest after the Iraq Dinar force of Chapter VII, and that today the Central Bank required that there be a new price against the dollar. He said: that, of all goods entering Iraq in dollars, there must be a real rate of the Iraqi dinar, because the power of solid and strong dinar on the sovereign and strong economic balance plus: that Iraqi citizens suffering from the weakness of the Iraqi dinar against the dollar. the parliamentary Finance Committee attributed the Iraqi dinar exchange rate fluctuations against the dollar to influence brokers to buy and sell the dollar in the Central Bank auction, MP on the Committee, said Abdel Hussein Al-yasiri that: «is assumed to be constant for the local currency is determined by the Central Bank through an auction sale of currency. He noted: "the rise in the exchange rate as a result of the presence of the first Government and the other markets a parallel which is treated through intermediaries and have had the effect of withdrawing the dollar amounts sold to influence Exchange rates» and «correct treatment would price to official price». Mentioned: that is a member of the Economic Committee in the Iraqi Parliament Abdel Salam Al-Maliki, reaffirmed earlier: that the Iraqi Government to take urgent steps to strengthen the Iraqi dinar Iraqi market by turning to a promising market. Even the Iraqi dinar is gaining strength, the Iraqi Government will take immediate steps to transform the Iraqi market is a promising market, adding: "the Iraqi Central Bank is responsible for monetary policy and the trend of integration of work between the Central Bank of Iraq and the Iraqi Government. He added: "this is necessary to rid Iraq from Chapter VII to be for large purchasing power of the Iraqi dinar equivalent dollar determined Parliament's Economic Committee on this subject will be appeals and communications to turn to state her presence in international economic forums». «explained the Central Bank's plan to raise zeros from the currency exists since a long time and have been discussed with officials of the Bank several times and with the Finance Committee in the Iraqi Parliament and demanded the Government should wait until the appropriate time." and: Time «time to start this project due to the departure of Iraq from Chapter VII. "and the exchange rate of the Iraqi dinar against the u.s. dollar fluctuated from time to time depending on the political and economic conditions.

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Nice post Dizzydee!!! ....... Thank You:D

They're saying that the IQD needs a strong fixed price because it doesn't match the current one at all. The price they have now doesn't match what they have in their reserves. They're also saying that this is necessary because they are not under CH7 anymore :)

They are also saying needs to big match! Which I take it as being greater than 1:1!

Citizen suffers from persistent volatility .. Economists: the central bank set a new price of the dinar against the dollar to maintain its strength 

 

 Ali Salman - 07/11/2013 - 9:07 pm | Hits: 163

 

 Observers expect in economic affairs that the Iraqi dinar has a promising future, especially after the exit from Chapter VII, so it requires the central bank to take bold steps to work on identifying a fixed price of the dinar against the dollar through the auction of currency to avoid volatility continued in the dinar exchange rate, as a student a member of the Economic Committee deputy parliamentary Mahma Khalil, the central bank set a new price of the Iraqi dinar against the dollar coin, there must be a real rate of the dinar. 

Khalil said: The political maintaining the currency and dinar Iraqi task of the central bank, and the signals that we observe globally and economically, that there is a future for dinars, adding: may not be the exchange rate of dinar against the dollar per (1300) or (1200) Iraqi dinars, because this Price is when the balance was $ 10 billion, and today the balance of Iraq's sovereign (76) billion dollars.

continued: political Central Bank to keep the bank is not correct, call the bank that there will be forces of Iraqi dinars, because what exists of the dinar, however, citizens of the Iraqi equivalent of the real price market, calling for the bank to invest the power of the dinar after the withdrawal of Iraq from Chapter VII, and today the central bank is obliged to be a new rate against the dollar. 

He pointed out: that, because all Aldaat entering Iraq in dollars, and must be no price true of the Iraqi dinar, because the strength of JD robust and powerful in terms of its total sovereign and economic strong addition to: that the Iraqi citizen suffers from the weakness of the Iraqi dinar against the dollar.

Attributed the Finance Committee, the parliamentary fluctuating exchange rate of the Iraqi dinar against the dollar to influence brokers to buy and sell the dollar at the central bank auction, said the deputy in the Committee Abdul Hussein al-Yasiri said: «is supposed to be fixed price for the disposal of the local currency بالاجنبية is determined by the central bank through an auction sale of the currency. 

He pointed out: that «the rise in the exchange rate due to the presence markets first government and the other parallel is treated it through intermediaries had an impact in pulling dollar amounts sold to influence exchange rates».

Wan «proper treatment will restore prices to the official price».  :

That is a member of the Economic Committee in the Iraqi Parliament Abdul Salam al-Maliki, said earlier: that the Iraqi government direction to take urgent steps to strengthen the Iraqi dinar by turning the Iraqi market to a promising market. 

Even the Iraqi dinar is gaining force the Iraqi government will take urgent steps to transform the Iraqi market to a promising market », stressing: that« the Iraqi Central Bank is responsible for monetary policy and there is a tendency for the integration work between the Central Bank of Iraq and the Iraqi government.  He added: »This approach is necessary after rid Iraq from Chapter VII, to be of the Iraqi dinar purchasing power big match dollar

Azmat Economic Committee in the House of Representatives to raise this issue and will be appeals and communications to turn to state its presence in the international economic».

Explained: « The plan central bank to raise zeros from the currency has existed for a long time has been discussed with officials at the bank several times with the Finance Committee in the Iraqi parliament has demanded the government to wait until you determine the right time ».

between: that the time« come to start this project because of the withdrawal of Iraq from Chapter VII. witnessing the exchange rate of the Iraqi dinar against the U.S. dollar fluctuated from time to time depending on the political and economic conditions.



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Separated and highlighted some key statements... ;)

Neno wrote:Separated and highlighted some key statements... ;)

 Thank you :-)

This article was a good read. Thanks Rocky

«is supposed to be fixed price for the disposal of the local currency بالاجنبية is determined by the central bank through an auction sale of the currency. 
 


looks like duck was right.....that there won't be a floating rate. :D