Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


+5
Screwball
noced71
weslin3
Wheelman
Rocky
9 posters

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 266471
    Join date : 2012-12-21

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by Rocky Wed 13 Nov 2019, 12:10 pm

    First topic message reminder :


    Parliament finishes the first reading of the proposed amendment to the law of the third central bank law

    18:04 - 13/11/2019



    [You must be registered and logged in to see this link.]
    About / Baghad ..
    The House of Representatives on Wednesday completed the first reading of the proposed third amendment to the Central Bank law.
    The reporter / information / The House of Representatives has finished the first reading of the proposed amendment to the law of the third amendment to the Central Bank of Iraq issued by order No. (56) for 2004 from the Coalition Provisional Authority (dissolved).
    Earlier on Wednesday, the House of Representatives held its 14th session of the fourth parliamentary session, the second legislative year, the first legislative term, chaired by Mohammed Halbousi and the presence of 229 deputies. Finished 25 h


    [You must be registered and logged in to see this link.]
    Screwball
    Screwball
    Interacting Investor
    Interacting Investor


    Posts : 3484
    Join date : 2012-12-19

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by Screwball Thu 14 Nov 2019, 11:20 pm

    weslin3 wrote:Check this out for today..


    oreign Currency Selling Window for 18/11/2019 that performed on 14/11/2019


     

    Announcement No.(4081)


    Sale Date -  18/11/2019 that performed on 14/11/2019
    DetailsAmount
    Total sale for the purpose of strengthen outside assets (Transfers and credits)174,183,022
    Total sale cash0
    Total sale amount
    174,183,022
    Note:

    • Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
    • Cash selling price is (1190) ID for each Dollar.





    ending auctions maybe...
    weslin3
    weslin3
    Interacting Investor
    Interacting Investor


    Posts : 7463
    Join date : 2012-12-19

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by weslin3 Fri 15 Nov 2019, 8:26 am

    Thank you Screwball... Could be a start...
    Readytogo
    Readytogo
    Understood Investor
    Understood Investor


    Posts : 140
    Join date : 2013-06-30

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by Readytogo Sat 16 Nov 2019, 3:05 pm

    weslin3 wrote:Check this out for today..


    oreign Currency Selling Window for 18/11/2019 that performed on 14/11/2019


     

    Announcement No.(4081)


    Sale Date -  18/11/2019 that performed on 14/11/2019
    DetailsAmount
    Total sale for the purpose of strengthen outside assets (Transfers and credits)174,183,022
    Total sale cash0
    Total sale amount
    174,183,022
    Note:

    • Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
    • Cash selling price is (1190) ID for each Dollar.



    I would like to know more about this!
    weslin3
    weslin3
    Interacting Investor
    Interacting Investor


    Posts : 7463
    Join date : 2012-12-19

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by weslin3 Sun 17 Nov 2019, 7:38 am

    Foreign Currency Selling Window for 18/11/2019 that performed on 17/11/2019

     

    Announcement No.(4081)

    Sale Date -  18/11/2019 that performed on 17/11/2019
    Details Amount
    Total sale for the purpose of strengthen outside assets (Transfers and credits)174,183,022
    Total sale cash25,530,000
    Total sale amount
    199,713,022
    Note:

    • Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
    • Cash selling price is (1190) ID for each Dollar.



    Back to the same old same old!
    Proven
    Proven
    NNP TEAM
    NNP TEAM


    Posts : 1853
    Join date : 2012-12-21

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by Proven Sun 17 Nov 2019, 8:30 pm

    Take a look at this article: 


    17-11-2019 01:28 PM
    Source: The sale of dollars in the central bank stopped blocking the arrival of large fake funds to Iran


    [You must be registered and logged in to see this image.]




    Baghdad / News
    WASHINGTON (Reuters) - A halt to the dollar's sale at the central bank has prevented large fake funds from reaching Iran, an informed source said on Sunday.
    "The central bank is wasting money that can build 200 schools and 50 hospitals each year because of the currency auction," the source told Al-Ikhbaria.
    "The currency auction gives fake commercial agencies millions of dollars a day without any restriction," the source said, speaking on condition of anonymity.
    He added that "stop selling the dollar in the Central Bank in the past days because of demonstrations and new measures prevent the arrival of large fake commercial funds to Iran through its intermediaries."


    [You must be registered and logged in to see this link.]
    Screwball
    Screwball
    Interacting Investor
    Interacting Investor


    Posts : 3484
    Join date : 2012-12-19

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by Screwball Sun 17 Nov 2019, 8:35 pm

    Proven wrote:Take a look at this article: 


    17-11-2019 01:28 PM
    Source: The sale of dollars in the central bank stopped blocking the arrival of large fake funds to Iran


    [You must be registered and logged in to see this image.]




    Baghdad / News
    WASHINGTON (Reuters) - A halt to the dollar's sale at the central bank has prevented large fake funds from reaching Iran, an informed source said on Sunday.
    "The central bank is wasting money that can build 200 schools and 50 hospitals each year because of the currency auction," the source told Al-Ikhbaria.
    "The currency auction gives fake commercial agencies millions of dollars a day without any restriction," the source said, speaking on condition of anonymity.
    He added that "stop selling the dollar in the Central Bank in the past days because of demonstrations and new measures prevent the arrival of large fake commercial funds to Iran through its intermediaries."


    [You must be registered and logged in to see this link.]
    would you say change in value is imminent......I would
    Screwball
    Screwball
    Interacting Investor
    Interacting Investor


    Posts : 3484
    Join date : 2012-12-19

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by Screwball Sun 17 Nov 2019, 8:36 pm

    end of auctions coming very soon...the end is near...
    noced71
    noced71
    Cain't Let Go Investor
    Cain't Let Go Investor


    Posts : 360
    Join date : 2012-12-19

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by noced71 Sun 17 Nov 2019, 8:37 pm

    ....whut?!?!?  Reuters is saying the Auctions have stopped??!?! I hope this is a permanent situation.
    Screwball
    Screwball
    Interacting Investor
    Interacting Investor


    Posts : 3484
    Join date : 2012-12-19

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by Screwball Sun 17 Nov 2019, 8:42 pm

    noced71 wrote:....whut?!?!?  Reuters is saying the Auctions have stopped??!?! I hope this is a permanent situation.
    it would appear so
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 266471
    Join date : 2012-12-21

    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Iraq halts plans to cut zeros off dinar currency-cabinet APRIL 12, 2012 / 2:10 PM / 8 YEARS AGO

    Post by Rocky Mon 18 Nov 2019, 1:30 am


    [size=40]Iraq halts plans to cut zeros off dinar currency-cabinet


    [/size]APRIL 12, 2012 / 2:10 PM / 8 YEARS AGO


    [You must be registered and logged in to see this link.] Cabinet says stops plans to redenominate dinar “until further notice”
    * Iraq has over 30 trillion Iraqi dinars in circulation
    * Plan to trim zeros not seen as a priority
    By Aseel Kami
    BAGHDAD, April 12 (Reuters) - Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, the cabinet secretary said on Thursday.
    The central bank said last August it planned to redenominate the Iraqi dinar to simplify financial transactions in an economy that is still heavily centralised and dominated by oil, and where deals are often carried out in cash.
    The proposal to restructure the dinar to bring more liquidity into the market has been awaiting parliamentary approval since last year.
    On Thursday, a statement on the website of the cabinet secretary said the cabinet had decided to halt all procedures relating to the redenomination of the dinar “until further notice”.

    “The economic committee discussed this issue and so did cabinet ... There is a possibility that it could cause some problems in the economic situation. Besides that, this operation is so big that cabinet sees circumstances are not right to control this,” cabinet secretary Ali al-Alaq told Reuters.
    Iraq is slowly getting back on its feet after years of war and sanctions. Oil accounts for 95 percent of government revenues and the country’s banking system is still highly underdeveloped.

    HUGE PROCESS


    The central bank has kept the dinar fixed at 1,170 dinars to the dollar in its daily auction but it recently moved to revalue the dinar slightly to 1,166 dinars after demand for the U.S. currency soared.
    The central bank said it also had to tighten regulations over who can participate in the auctions as Iraqi traders sought to snap up dollars for resale in neighbouring Syria and Iran, both under Western economic sanctions.

    Sales of dollars in currency auctions held by Iraq’s central bank rose as high as $400 million on some days in December from a previous average of $150 million, according to central bank data.
    “We have more than 30 trillion dinars in circulation. To withdraw this amount from the market and then to examine them and to dispose of them is a huge process. Even the technical and the monetary capabilities to control a process like this, we consider as insufficient and it is not seen as a priority currently,” Alaq said.
    The central bank says Iraq’s large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield it from any damage to its financial system on the national level.



    [You must be registered and logged in to see this link.]

    more here [You must be registered and logged in to see this link.]

    Sponsored content


    Parliament finishes the first reading of the proposed amendment to the law of the third central bank - Page 2 Empty Re: Parliament finishes the first reading of the proposed amendment to the law of the third central bank

    Post by Sponsored content


      Current date/time is Tue 19 Mar 2024, 2:54 am