Governor of the Central Bank: To cancel the dollar sale window, if canceled to become exchange rate

Governor of the Central Bank: To cancel the dollar sale window, if canceled to become exchange rate 3 or 4 thousand and perhaps more


Economy News / Special
Last Updated 15/04/2017 - 11:41
Ghassan al-Qadi
The governor of the Central Bank of Iraq on the right to stop selling the dollar through the window selling currencies in the bank will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing that the central bank is obliged to carry out this task, even if reluctant to perform this role to collapse the financial situation in Iraq.

Al-Alak said in an interview with the envoy of the agency "Economy News" on the sidelines of the annual conference of the Union of Arab Banks, which was held in Beirut recently to close the window selling the dollar to become dollar exchange rate between 3 and 4 thousand dinars, and perhaps more
The governor will also be forced to cancel the window to print trillions of Iraqi dinars annually to cover the local need for dinars which will lead to the collapse of the Iraqi currency because of inflation or known as excessive cash

On the prospects of floating the Iraqi dinar like other countries in the region, said the relationship is not on the current situation, and we are working on the liberalization of the process and not float* and the difference between the big

He denied the existence of a currency auction in the Central Bank but the window of sale of foreign currency stressing that the central mediator between the Ministry of Finance and the public is nothing but

Turning to the experiences of Lebanon and Jordan, in the field of maintaining the stability of their currencies explaining that the situation in Iraq is different

He noted that the solution in Iraq lies in reducing the demand for the dollar by correcting the structure of the Iraqi economy, not by refraining from selling the dollar

The governor stressed the central bank's efforts to settle salaries of employees in private banks, stressing the existence of a trend to settle all salaries of Iraqi employees during the next year 2017 in banks

The governor of the Central Bank welcomed any request to host the House of Representatives stressing the importance of meeting with Parliament, based on the fact that monetary policy is a specialized issue can not be addressed from afar, or through skirmishes and inaccurate analyzes.

The text of the dialogue with the governor will be published in the forthcoming issue of the Iraqi Banks Magazine issued by the Association of Iraqi Private Banks
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Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more

(published 4/15/2017)  
He said the governor of the Central Bank of Iraq on the Keywords to stop selling the dollar through selling currencies in the bank window will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing say that the central bank is obliged to do the job, even refrained from performing the role of the collapsed financial situation in Iraq.
Keywords and said in an interview conducted by the envoy of the agency "Economy News" on the sidelines of the annual conference of the Union of Arab Banks held in Beirut recently Waglguena sale Atarlasubh window Sarsrv Atarmabin 3 and 4 thousand dinars, and perhaps more.    He said the governor also Sndpartya case cancellation window printed currency to trillions of Aldnaniralaracah annually to cover the local need for dinars, will lead to Iraq's infrastructure to Anhiaralamlh because of inflation, known as Oma cash excessive.    On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two Keywords denied the existence of the currency auction in the central bank, but the sale of foreign currency window, stressing that the central mediator between the Ministry of Finance and the public is not only.    Turning to the experience of Lebanon and Jordan, in the field of maintaining the stability of their currency, pointing out that the situation in Iraq is different.  He noted that the solution in Iraq is to reduce the demand for the dollar through the structure of the Iraqi economy is correct, and not through the sizes for the sale of the dollar.   The governor stressed the central bank sought to settle the salaries of employees in private banks, confirming the existence of a trend for the resettlement of all Iraqi employees' salaries next year 2017 in the banks.  Welcomed the Governor of the Central Bank of any request to host the House of Representatives, stressing the importance of the meeting with the parliament, on the basis of the fact that monetary policy is the issue of specialty can not be addressed from afar, or through skirmishes and analysis is accurate.   This will be Nherns dialogue with the governor in Aladeddakadm magazine Iraqi banks issued by the Iraqi Association of private banks.


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On the prospects of floating the Iraqi dinar like other countries in the region, said the relationship is not on the current situation, and we are working on the liberalization of the process and not float* and the difference between

No floating like some have said....  Good article Rocky!

great article, great find Rocky...good job!

Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more /
 
 4/16/2017

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Economy News / special   Judge Ghassan   He said the governor of the Central Bank of Iraq on the Keywords to stop selling the dollar through selling currencies in the bank window will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing say that the central bank is obliged to do the job, even refrained from performing the role of the collapsed financial situation in Iraq.   Keywords and said in an interview conducted by the envoy of the agency "Economy News" on the sidelines of the annual conference of the Union of Arab Banks held in Beirut recently Waglguena sale Atarlasubh window Sarsrv Atarmabin 3 and 4 thousand dinars, and perhaps more. He said the governor also Sndpartya case cancellation window printed currency to trillions of Aldnaniralaracah annually to cover the local need for dinars, will lead to Iraq's infrastructure to Anhiaralamlh because of inflation, known as Oma cash excessive.   On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two   Keywords denied the existence of the currency auction in the central bank, but the sale of foreign currency window, stressing that the central mediator between the Ministry of Finance and the public is not only.   Turning to the experience of Lebanon and Jordan, in the field of maintaining the stability of their currency, pointing out that the situation in Iraq is different    He noted that the solution in Iraq is to reduce the demand for the dollar through the structure of the Iraqi economy is correct, and not through the sizes for the sale of the dollar.   The governor stressed the central bank sought to settle the salaries of employees in private banks, confirming the existence of a trend for the resettlement of all Iraqi employees' salaries next year 2017 in the banks.   Welcomed the Governor of the Central Bank of any request to host the House of Representatives, stressing the importance of the meeting with the parliament, on the basis of the fact that monetary policy is the issue of specialty can not be addressed from afar, or through skirmishes and analysis is accurate.   This will be Nherns dialogue with the governor in Aladeddakadm magazine Iraqi banks issued by the Iraqi Association of private banks that   [You must be registered and logged in to see this link.]............ thanks LIT

just a rehash >> Views 63 Date 07/12/2016 - 09:57

Economy News / special

Ghassan judge

Date Added 07/12/2016 - 10:37 Last updated 04/17/2017 - 00:25 No. Content 6044

He noted that the solution in Iraq lies in reducing the demand for the dollar by correcting the structure of the Iraqi economy, not by refraining from selling the dollar

lets correct that structure and the foundation of that structure is the dinar.