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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


    Central Bank announces the rise of foreign exchange reserves to 62 billion dollars

    Rocky
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    Central Bank announces the rise of foreign exchange reserves to 62 billion dollars Empty Central Bank announces the rise of foreign exchange reserves to 62 billion dollars

    Post by Rocky Tue 16 Apr 2019, 1:27 am


    Central Bank announces the rise of foreign exchange reserves to 62 billion dollars

    08:55 - 16/04/2019



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    Information / Baghdad ..
    The Central Bank of Payments (CBE) Director-General Doha Abdel-Karim announced on Tuesday that foreign exchange reserves rose from US $ 40 billion to US $ 62 billion, while confirming the bank's success in controlling inflation.
    "The central bank has managed to control the level of inflation, maintain prices, maintain the purchasing power of the national currency, adjust the exchange rate and close the gap between the official price and the market price," Abdul Karim said in a statement.
    "Foreign currency reserves have increased from US $ 40 billion to US $ 62 billion and diversification of the currency basket to support the balance of payments and to cope with economic crises," she said.
    It also coordinated with the Ministry of Finance in the management of public debt to support the budget and funding the deficit during the financial crisis experienced by Iraq because of low oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial and investment banks And support their profitability. " Ending / 25


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    Central Bank announces the rise of foreign exchange reserves to 62 billion dollars Empty The central bank reveals a jump in its reserve of the dollar

    Post by Rocky Tue 16 Apr 2019, 2:09 am

    [rtl]

    The central bank reveals a jump in its reserve of the dollar

    [/rtl]
    [rtl]Editorial date: 2019/4/16 9:17 • 299 times read[/rtl]
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    [rtl]
    The director of payments in the Central Bank of Iraq, Suha Abdul Karim, confirmed that the bank succeeded in controlling the level of inflation and maintaining prices and maintaining the purchasing power of the national currency and controlling the exchange rate and closing the gap between the official price and the market price.
    "Foreign exchange reserves increased from $ 40 billion to $ 62 billion, diversifying the currency basket to support the balance of payments and facing economic crises," Abdul Karim told a press briefing. "The Ministry of Finance has coordinated with the Ministry of Finance to manage the public debt to support the budget and finance the deficit during the financial crisis that has passed. In Iraq because of the drop in oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial banks and investment and support profitability. 
    She pointed out that "the last period saw the issuance of bonds for the receivables of contractors after being audited by the Ministry of Planning and the Federal Financial Control Bureau, as well as the issuance of bonds to farmers on behalf of the Ministry of Finance and this move reflects a shift in a broader vision of government public debt management by the financial authority and monetary authority "He said.
    "The standardization of the sukuk security standards to increase confidence in exchange and encourage traders to deal with electronic payments instead of cash, and electronic payment companies in order to support electronic operations and the issuance of license cards payment to banks, as well as linking banks and sites of the Central Bank of Iraq with data centers bank by cable To enhance the infrastructure of the banking sector, and increase the security of information and networks on the speed of data transmission of large sizes. 
    In addition to enhancing the principle of financial coverage of banking services for the largest segment of the population, "the project of localization of salaries for all employees of the public sector through the transfer of salaries to bank accounts of employees, as well as easy receipt and withdrawal of salaries through available payment channels, bank branches, ATMs - Point of sale, and enjoy the many advantages of bank accounts.


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    Central Bank announces the rise of foreign exchange reserves to 62 billion dollars Empty The central bank reveals the rise in foreign exchange reserves to this figure

    Post by Rocky Tue 16 Apr 2019, 2:31 am

    The central bank reveals the rise in foreign exchange reserves to this figure

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    Director General announced that payments in the [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A][size=13]central bank[/url] sacrificed Abdul Karim, on Tuesday, rising [url=https://www.thebaghdadpost.com/ar/Story/t/117883/%D8%A7%EF%BA%A3%EF%BA%98%EF%BB%B4%EF%BA%8E%EF%BB%83%EF%BB%B2 %D8%A7%EF%BB%9F%EF%BB%8C%EF%BB%A4%EF%BB%BC%D8%AA %D8%A7%EF%BB%B7%EF%BA%9F%EF%BB%A8%EF%BA%92%EF%BB%B4%D9%91%D9%8E%EF%BA%94]foreign exchange reserves[/url] of 40 billion [url=https://www.thebaghdadpost.com/ar/Story/t/117884/%D8%AF%D9%88%EF%BB%BB%D8%B1 %D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A]US dollars[/url] to 62 billion dollars. 
    "The Central Bank has managed to control the level of inflation and maintain prices and maintain the purchasing power of the national currency, and adjust the exchange rate and close the gap between the official price and market price," 
    Abdul Karim said to diversify the currency basket to support the balance of payments and confrontation Economic crises ".

    The Ministry of Finance issued national bonds in the international financial market worth $ 2 billion, due to low oil prices.


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    Rocky
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    Central Bank announces the rise of foreign exchange reserves to 62 billion dollars Empty Economist: Increased foreign exchange reserves contribute to the internal debt

    Post by Rocky Tue 16 Apr 2019, 7:23 am


    Economist: Increased foreign exchange reserves contribute to the internal debt

    11:45 - 16/04/2019



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    BAGHDAD - 
    Economist Salama Smisem said on Tuesday that Iraq's foreign currency reserves will increase from the dollar to guarantee the stability of the local currency and the market, indicating that this increase will end dependence on foreign loans and contribute to the total internal debt. 
    "The continued increase in the foreign currency reserves in Iraq is evidence of the recovery of the economy and its growth after the crisis that hit the country," Smsem said in a statement to the "Information" that "raising the monetary reserve contributes to the stability of the dinar exchange rate and strengthen its global standing as well as the possibility of Investing it as an ideal guarantee of the economy. " 
    She added that "the economic abundance of the government will contribute to reducing dependence on foreign loans, as well as the possibility of repayment of internal debts such as dues of farmers and contractors and the remaining investment in the establishment of schools and urban life."
    On Tuesday, Central Bank of Payments director-general Suha Abdul Karim announced the rise in foreign exchange reserves from $ 40 billion to $ 62 billion, while the bank's success in controlling inflation was confirmed. Ending / 25 d


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    Central Bank announces the rise of foreign exchange reserves to 62 billion dollars Empty Conscious / economic expert: increase foreign exchange reserves evidence of economic recovery

    Post by Rocky Tue 16 Apr 2019, 12:00 pm

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    [You must be registered and logged in to see this image.]  Admi

    16/04/2019 12:09:00 PM 

    Conscious / Baghdad / L

    Economic expert Salama Smisem said on Tuesday [size=16]that increasing Iraq's foreign exchange reserves from the dollar is a guarantee for the stability of local currency and market exchange.


    "The continued increase in foreign currency reserves in Iraq is evidence of the recovery of the economy and growth after the crisis that hit the country, noting that the raising of the cash reserve contributes to the stability of the dinar exchange rate and strengthen its global standing as well On the possibility of investing it as an ideal guarantee for the economy.

    She added that the economic abundance of the government will contribute to reducing dependence on external loans, as well as the possibility of repayment of internal debts such as dues of farmers and contractors and the remaining investment in the establishment of schools and urban life.

    On Tuesday, Central Bank of Payments director-general Suha Abdul Karim announced the rise in foreign exchange reserves from $ 40 billion to $ 62 billion, while the bank's success in controlling inflation was confirmed.




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