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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


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Rocky
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    Central Bank: Flooding of the dinar is difficult to apply in Iraq

    Rocky
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    • Post n°1

    dinar - Central Bank: Flooding of the dinar is difficult to apply in Iraq - Page 2 Empty Central Bank: Flooding of the dinar is difficult to apply in Iraq

    Post by Rocky Sun 24 Dec 2017, 2:49 am

    First topic message reminder :

     Central Bank: Flooding of the dinar is difficult to apply in Iraq



    12/24/17



    Economy News Baghdad:
    The governor of the Central Bank, Ali al-Alaq, that floating the dinar is difficult to apply in Iraq because the government monopolizes the dollar, indicating that the reserves of Iraq is 48 billion US dollars.
    Al-Alak said in an interview with Al-Arabi African newspaper and read by "Economy News" that "the oil countries usually rely on a fixed exchange rate, or fixed with flexibility, and do not resort to float method, unless their reserves are controlled to a level below the adequacy, which is not Whether in Iraq or other oil states, "noting that" flotation is difficult to apply in Iraq, considering that the government, de facto, monopoly the offer of the dollar and foreign currencies. "
    He added that "Iraq's reserve of the dollar is 48 billion US dollars."
    He pointed out that "there is an understanding and coordination between the Central Bank and the government through the Ministry of Finance, and in this regard has formed a Higher Coordination Committee between the Ministry and the Central Bank; therefore, work together through the program of credit readiness with the IMF, as this program includes reforms and procedures related to Mainly economic, financial and monetary structures. "
    "At this stage, the Central Bank of Iraq is focused on achieving the concept of" financial inclusion "and its applications, as the circumstances of previous years did not help because of the security and financial instability, the bank has developed a short-term and long-term plan to expand the application of this concept, That "the short-term plan aims to agree with the government to deposit salaries of all state employees in banks, which will add more than 3 million people to deal with banks, and long-term resettlement."



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    weslin3
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    • Post n°11

    dinar - Central Bank: Flooding of the dinar is difficult to apply in Iraq - Page 2 Empty Re: Central Bank: Flooding of the dinar is difficult to apply in Iraq

    Post by weslin3 Sun 24 Dec 2017, 6:02 pm

    mochasmom wrote:Wow..I still say they need to act fast before Isis or something else rears it's ugly head. They are stable now and they know it. Thanks for the breakdown Proven

    For sure before the elections because an ugly head could rear up with that... freak
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    weslin3
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    • Post n°12

    dinar - Central Bank: Flooding of the dinar is difficult to apply in Iraq - Page 2 Empty Re: Central Bank: Flooding of the dinar is difficult to apply in Iraq

    Post by weslin3 Sun 24 Dec 2017, 6:34 pm

    Al-Alak said in an interview with Al-Arabi African newspaper and read by "Economy News" that "the oil countries usually rely on a fixed exchange rate, or fixed with flexibility, and do not resort to float method, unless their reserves are controlled to a level below the adequacy, which is not Whether in Iraq or other oil states, "noting that" flotation is difficult to apply in Iraq, considering that the government, de facto, monopoly the offer of the dollar and foreign currencies. "

    Floating their currency would be a disaster.. Fixed exchange rate is what they will need to do.
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    sassy
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    • Post n°13

    dinar - Central Bank: Flooding of the dinar is difficult to apply in Iraq - Page 2 Empty Re: Central Bank: Flooding of the dinar is difficult to apply in Iraq

    Post by sassy Sun 24 Dec 2017, 7:00 pm

    weslin3 wrote:Al-Alak said in an interview with Al-Arabi African newspaper and read by "Economy News" that "the oil countries usually rely on a fixed exchange rate, or fixed with flexibility, and do not resort to float method, unless their reserves are controlled to a level below the adequacy, which is not Whether in Iraq or other oil states, "noting that" flotation is difficult to apply in Iraq, considering that the government, de facto, monopoly the offer of the dollar and foreign currencies. "

    Floating their currency would be a disaster.. Fixed exchange rate is what they will need to do
    Duck has always said it will be a hard peg to the dollar  thumbs
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    • Post n°14

    dinar - Central Bank: Flooding of the dinar is difficult to apply in Iraq - Page 2 Empty Re: Central Bank: Flooding of the dinar is difficult to apply in Iraq

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