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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

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Established in 2006 as a Community of Reality

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


    Al-Kazemi’s advisor: The central bank is able to control the dollar exchange rate

    Rocky
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    • Post n°1

    Al-Kazemi’s advisor: The central bank is able to control the dollar exchange rate Empty Al-Kazemi’s advisor: The central bank is able to control the dollar exchange rate

    Post by Rocky Fri 18 Jun 2021, 7:02 am

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    Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said on Friday (June 18, 2021) that the Central Bank is able to control the stability of the dollar exchange rate against the Iraqi dinar.
    The official agency quoted Saleh, and IQ News followed  him, as saying: “The monetary policy of the Central Bank of Iraq and its sufficient foreign reserves has the ability to intervene in the exchange market by meeting the legitimate demands for foreign currency, in both its two forms, the cash dollar and foreign transfers in foreign exchange, and for the account of bank customers from merchants.” The private sector seeking to finance their foreign trade of goods, services and various benefits.
    He pointed out that "this policy also has the ability to meet small commercial requests in the same foreign currency, which is being met additionally, which is also one of the important windows in stabilizing the exchange rate at its official borders, all of which leads to the stability of the general level of prices."
    He added that "controlling the levels of local liquidity by sustaining the operations of sterilizing the surplus of local liquidity to achieve balance in the exchange market and in accordance with the objectives specified in the amended Central Bank of Iraq Law No. 56 of 2004 will remain the practical course in correcting emergency price deviations and controlling and sustaining stability."
    The Central Bank of Iraq, had confirmed earlier, the stability of the dollar exchange rate and the absence of any intentions to change it.
    A central bank statement received by  IQ News stated, “What is being circulated is not true, as the price chosen at the end of the year 2020 for the dollar exchange was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.” 
    The bank indicated that "its foreign currency sales are based on the stability of its foreign reserves at excellent levels, as those sales were increased to meet all legitimate requests," stressing that "the price will stabilize as a result of the measures taken by the Central Bank recently and which it will take."

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    Rocky
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    • Post n°2

    Al-Kazemi’s advisor: The central bank is able to control the dollar exchange rate Empty A government official confirms the control of the "Central" of Iraq on the stability of the exchange

    Post by Rocky Fri 18 Jun 2021, 7:34 am

    A government official confirms the control of the "Central" of Iraq on the stability of the exchange rate
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    The Iraqi dinar and the dollar - archive photo
     June 18, 2021 2:35 PM
     
    Mubasher: The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the monetary policy of the Central Bank is able to control the stability of the exchange rate.
    Saleh said to the Iraqi News Agency (INA): "The monetary policy of the Central Bank of Iraq and its sufficient foreign reserves has the ability to intervene in the exchange market by meeting legitimate demands for foreign currency, in both its two forms, the monetary dollar and foreign transfers in foreign exchange, and for the account of bank customers from private sector traders seeking to finance their foreign trade of goods, services and various benefits.
    The Prime Minister's advisor pointed out that this policy also has the ability to meet small commercial requests in the same foreign currency, which are being met additionally, which is also one of the important windows in stabilizing the exchange rate at its official borders, all of which leads to the stability of the general level of prices.
    He added that controlling the levels of local liquidity by sustaining the operations of sterilizing the surplus of local liquidity to achieve balance in the exchange market and in accordance with the objectives set by the amended Central Bank of Iraq Law No. 56 of 2004, will remain the practical course in correcting emergency price deviations and controlling and sustaining stability.
    The Central Bank of Iraq, had confirmed earlier, the stability of the dollar exchange rate and the absence of any intentions to change it.
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    A central bank statement received by the Iraqi News Agency (INA) stated that "what is being circulated is not true, as the price chosen at the end of the year 2020 for the dollar exchange was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy."
    The bank indicated that "its foreign currency sales are based on the stability of its foreign reserves at excellent levels, as those sales were increased to meet all legitimate requests," stressing that "the price will stabilize as a result of the measures taken by the Central Bank recently and which it will take."
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