Established in 2006 as a Community of Reality

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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.

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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


4 posters

    Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar

    Sarisus
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    • Post n°1

    Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar Empty Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar

    Post by Sarisus Mon 28 Sep 2015, 8:56 am

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    09/26/2015 15:40

    Tomorrow Press / Baghdad: Parliamentary Finance Committee confirmed on Saturday, no worries on the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar is liable to bring the necessary stability of the exchange rate for a long time. He said the Commission decision of Ahmed Hama Rasheed for "tomorrow Bs," The "Actions taken by the Central Bank of Iraq and the private banks which capable of achieving exchange rate stability and returned to a normal level after he had witnessed a rise during the first quarter of this year because of Article 50 of the budget, which obliges the central bank to sell a specific amount of the dollar to the markets, which can accommodate twice the Law set the amount.

    "He added that" the central bank recently said that the reserves are sufficient to cover more than six months of imports, which is higher than usually required to maintain the exchange rate so concerns the value of the dinar does not exist against the dollar, "stressing that" the measures taken by the Bank Central contributed significantly in reducing the volume of inflation during the last period. "He stressed Rashid said" Strengthening the reserve currency basket extra amounts of gold would also be granted the dinar extra power enables it to withstand the fluctuations of world oil prices, "noting that" whenever the diversity of the cash reserve I said the effects of lower oil prices directly on the value of the currency. "The Article 50 of the Budget Law for the current year has committed to identify sales of the dollar in the auction daily currency selling ceiling does not exceed 75 million dollars a day at a time when the market absorbed about $ 200 million, has been canceled Federal Court this paragraph in future budgets Iraq.


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    Neno
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    • Post n°2

    Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar Empty Re: Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar

    Post by Neno Mon 28 Sep 2015, 11:11 am

    All and all good but at what exchange rate. We know what kahlil said after VII was lifted what the reserves exchange would cover. Oh, and when.... 306
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    mochasmom
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    • Post n°3

    Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar Empty Re: Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar

    Post by mochasmom Mon 28 Sep 2015, 12:00 pm

    Good wuestion Neno, WHEN.  Seriously when is this going to happen, Oct, later, what does eveyone think?
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    weslin3
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    • Post n°4

    Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar Empty Re: Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar

    Post by weslin3 Tue 29 Sep 2015, 1:06 am

    Yes...This seems to be huge news. They act confident in the stability  of the dinar. Lots of BIG talk but little action on the rate. When???? Good question... 306 Hope some day SOOM a big BOOM!
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    • Post n°5

    Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar Empty Re: Parliamentary Finance confirms the lack of concern on the value of the dinar against the dollar

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