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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


    thus answered the central bank governor Fatlawi lower sweat reserves of foreign currency

    Rocky
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    thus answered the central bank governor Fatlawi lower sweat reserves of foreign currency Empty thus answered the central bank governor Fatlawi lower sweat reserves of foreign currency

    Post by Rocky Sun 29 Jan 2017, 4:12 am

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    thus answered the central bank governor Fatlawi lower sweat reserves of foreign currency[/size]
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     20 Hours Ago



    Twilight News / directed the head of the "will of the" parliamentary deputy Hanan al in the parliament session, which was held on Saturday, an oral question to the Governor of the Central Bank on the Keywords drop on the country's reserves of foreign currency.

    The House of Representatives was held today under the chairmanship of its regular Salim al-President of the Council and in the presence of 170 deputies, the Council has voted on the law of arms and face an oral question to the Governor of the Central Bank.

    Inquired MP Hanan al Asked about the reasons for the low central bank reserves and any specific date and where the amounts have been disbursed.

    In replying to the central bank governor said that economic policy is made up of fiscal and monetary policy and monetary reserves which is a foreign assets denominated in the foreign currencies excludes including local currencies, up to about 90% and the remaining gold and assets are Negotiable liquefaction reserved at any time.

    Keywords noted the importance of distinguishing between the central bank reserves and the excess reserves in the state treasury, which expressed the sovereign funds which is unrelated to the reserves of the Central Bank as lead functions present or future to cope with crises and bridging fiscal deficits and contributing to investment trends and its source is part of the state treasury, indicating that reserve which is managed by the central bank can not take from the state treasury and Aaattiyha and function to stabilize the exchange rate in order to curb inflation and maintain prices.

    He noted that the central bank through the Reserve pumped money to prevent the devaluation of the local currency, noting that the reserve consists of state revenues received in dollars of oil by 95% and the remaining local revenues and the Ministry of Finance relies on the Iraqi dinar, stressing that the dollar selling process is very important to maintain the value Iraqi dinar and the balance in the local economy as the work of the dinar to float an incorrect status for Iraq and the fact that the central bank only source to sell the dollar.

    He noted that the height of the financial reserves of the Ministry of Finance to the Central Bank does not represent an achievement and if the decline does not represent a deficit because the case involves what has been achieved from a financial and imports, the larger the overhead of the state's biggest of its revenues will affect the central bank's reserves, indicating that reserve at the central bank was at the end of 2014, more than $ 66 billion in 2015 and dropped to about $ 53 billion and in 2016 came to nearly $ 45 billion and a book value of $ 48 billion.

    Among Keywords that the central bank resorted to the method of supporting the general budget through the purchase of treasury transfers and collided with the financial situation not great funding in case the central bank refrain from buying treasury transfers, it will lead to significant repercussions on the general situation in Iraq, stressing that the bank contributed to cross the toughest years It passed during the years 2015 and 2016 especially given that the contribution amounted to 20 trillion dinars, which is Atkhalv law, adding that the talks with the international Monetary Fund showed a lack of access problem in the reserve until 2021.

    For its part urged the MP Hanan al Governor of the Central Bank to pay attention to an auction of foreign currency through an integrated action.


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