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Disorders of the Iraqi exchange market after the decline of the dinar

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Proven
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Disorders of the Iraqi exchange market after the decline of the dinar

Post by Proven on Sun Jun 07, 2015 7:08 pm

First topic message reminder :

Disorders of the Iraqi exchange market after the decline of the dinar

Jun 7, 2015


BAGHDAD - Ali Jawad- Alonadol-
Economists and Financial Iraqi officials that the decline in the Iraqi dinar exchange rate against foreign currencies recently, was a result of increased demand for the dollar, and led to fluctuations in market transactions, reflected directly on public life, said.

As a result, prices of imported goods rose (food, construction, and electrical) compared with the prices that prevailed two months ago, by up to 10%, while the central bank plans a new currency category of 50 thousand dinars ask, as one of containing the crisis procedures.

And the decline of the Iraqi dinar exchange rate against the dollar since the beginning of last month to record about 1230 dinars to the dollar, while the exchange rate was stable over the past years at 1223 dinars to the dollar.

Said Abdul-Razzaq al-Saadi, an economist and former head of the Securities Commission of Anatolia "The decline in the dinar exchange rate against the dollar and exchange rate instability cause volatility in commercial transactions, and to pay the high prices of goods in the domestic market."

"The lack of clarity in the Iraqi Central Bank's policy on exchange rate stability mechanisms adopted by the Bank led to fluctuations in the market," pointing out that "the central bank needs to inter procedures that explain monetary policy in the country."

For his part, the Iraqi Central Bank announced that "the main reasons that led to the decline in the dinar exchange rate against the dollar is escaped hard currency (foreign) out of the country, and breadth of speculative activity in the foreign exchange market (banking) offices."

Said Majid picture member of the governing body of the central bank in a statement of Anatolia, said that "there are a number of reasons, which leads to lower exchange rates and increased demand for hard currency, despite the increase in supply by the Central Bank of Iraq, including foreign travel requests, and capital flight ".

He continued that "it is very difficult to control the exchange rate by only central bank actions, should interfere with the rest of the government institutions concerned to limit capital flight operations."
As solutions and real-time decided the Central Bank of Iraq, according to my photos "B1193 dollar dinars per dollar in the sale of 18 banks, the banks granting three points per dollar, in order to stabilize the exchange rate."

The Finance Committee in the Iraqi Parliament held that "quantifying the amounts sold by the central bank a day led to a decline in the exchange rates," noting that during the next month, "a new currency may contribute to the decline in demand for the dollar will go."

Said Abdul Jabbar, a member of the Committee for the Creator Anatolia correspondent that "the Central Bank of Iraq was already sells a daily average of $ 400 million, it was sold amounts of dollar recently reduced to $ 75 million a day, and this has led to increased demand for the dollar."

He added that "the new paper currency which is scheduled to put on the market next month will have an important role in reducing the demand for the dollar, and the high price of the Iraqi dinar to average."

It is scheduled that the Central Bank of Iraq poses a new currency category of 50 thousand dinars, to be added to other paper categories, namely 25 thousand, 10 thousand, 5 thousand dinars, and thousand dinars and 250 dinars.

http://www.raialyoum.com/?p=268639
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sassy
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by sassy on Sat Nov 14, 2015 10:42 am

Maybe this is what they call the Shakeout!!!    badboys

azareus
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by azareus on Sat Nov 14, 2015 12:03 pm

@duck2000 wrote:
@azareus wrote:
@duck2000 wrote:iraq has two options as do we ...they can hold firm add new lower notes and REVALUE the currency or they can add zeros too the currency add inflation.. at the same time which will cause larger notes required.. no credit rateing will be given .. no bonds will be issued..now as far as us we can wait to see which way they go large or small.. selll or hold ONLY one thing will happen you decide!! they cannot do both that is fact!!! no speculation .. read economics and learn!!
Now they added zeroes. Bonds have been issued and they got credit rating. Go large or small. Only one thing will happen. They cant do both. That is fact. Then you have been wrong all the time.
lol been exceptional quick to decided who is wrong what have you added? hmmmm
Lol. I havent added a LOT of disinformation and I dont claim to know 
Everything like you do. It must be hard to be wrong all the time.

Igorot
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by Igorot on Sat Nov 14, 2015 7:02 pm

@azareus wrote:
@duck2000 wrote:
@azareus wrote:
@duck2000 wrote:iraq has two options as do we ...they can hold firm add new lower notes and REVALUE the currency or they can add zeros too the currency add inflation.. at the same time which will cause larger notes required.. no credit rateing will be given .. no bonds will be issued..now as far as us we can wait to see which way they go large or small.. selll or hold ONLY one thing will happen you decide!! they cannot do both that is fact!!! no speculation .. read economics and learn!!
Now they added zeroes. Bonds have been issued and they got credit rating. Go large or small. Only one thing will happen. They cant do both. That is fact. Then you have been wrong all the time.
lol been exceptional quick to decided who is wrong what have you added? hmmmm
Lol. I havent added a LOT of disinformation and I dont claim to know 
Everything like you do. It must be hard to be wrong all the time.
Credit rating issued, bonds have been issued, that means one thing, they will issue smaller notes. These larger notes I think is either will be bank to bank transaction or disinformation to shake down the faint of heart...... let's all keep the faith and keep sharing Duck.....

Screwball
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by Screwball on Sat Nov 14, 2015 7:58 pm

be happy! sell!sell!sell! or buy!buy!buy!

duck2000
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by duck2000 on Sat Nov 14, 2015 8:06 pm

@azareus wrote:
@duck2000 wrote:
@azareus wrote:
@duck2000 wrote:iraq has two options as do we ...they can hold firm add new lower notes and REVALUE the currency or they can add zeros too the currency add inflation.. at the same time which will cause larger notes required.. no credit rateing will be given .. no bonds will be issued..now as far as us we can wait to see which way they go large or small.. selll or hold ONLY one thing will happen you decide!! they cannot do both that is fact!!! no speculation .. read economics and learn!!
Now they added zeroes. Bonds have been issued and they got credit rating. Go large or small. Only one thing will happen. They cant do both. That is fact. Then you have been wrong all the time.
lol been exceptional quick to decided who is wrong what have you added? hmmmm
Lol. I havent added a LOT of disinformation and I dont claim to know 
Everything like you do. It must be hard to be wrong all the time.
its ok we foregive you for being wrong all da time .. i mean no ones perfect! lol

azareus
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by azareus on Sun Nov 15, 2015 1:15 am

I feel sorry for you Duck that you cant admit you have been wrong so many times. So childish

Igorot
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by Igorot on Sun Nov 15, 2015 1:37 am

@azareus wrote:I feel sorry for you Duck that you cant admit you have been wrong so many times. So childish
You have the choice not to listen to him or even read his posts .

azareus
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by azareus on Sun Nov 15, 2015 1:42 am

True Igorot. Sad that so many trust him after all disinformation from him

azdinar
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by azdinar on Sun Nov 15, 2015 4:14 am

Who really knows all speculation!

weslin3
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Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by weslin3 on Sun Nov 15, 2015 9:11 am

I appreciate all that duck has helped us with and all of the others that have given of their time to share their news items, info and even personal opinion. They have had a self-sacrificing spirit about them helping others. I know I'm always glad to see ones comes to my rescue when I don't understand something. Don't think any of us should hold another one accountable because something didn't pan out out like we thought it should. It would be childish on our part to grumble about the situation that is entirely out of our hands or grumble about the ones that try to help us. Thanks to all of you that has helped me. And I do not blame anyone on Iraq's situation right now. As we all have said in the past, "After all this is Iraq."

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