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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

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    The central bank reveals its dollar reserves and commented on the 2020 deficit

    Rocky
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    • Post n°1

    The central bank reveals its dollar reserves and commented on the 2020 deficit Empty The central bank reveals its dollar reserves and commented on the 2020 deficit

    Post by Rocky Tue 17 Sep 2019, 2:28 am

    [rtl]

    The central bank reveals its dollar reserves and commented on the 2020 deficit

    [/rtl]
    [rtl]Release date:: 2019/17 8:59 • 384 times read[/rtl]
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    (Baghdad: Euphrates News) The Governor of the Central Bank of Iraq {agency} Ali Alak that the Central Bank reserves of foreign currency comfortable and good but exceeds international standards.
    Al-Allaq said in a press statement that "the law prohibits the use of this reserve to lend to the government in order to fill the budget deficit, but it is used to stabilize the exchange rate and the strength of the local currency."
    He pointed out that "the amount of the budget deficit for 2020 is not yet established as indicated by the Ministry of Finance, and that what is being circulated is just hypothetical figures and not yet settled, indicating that the upper limit of the deficit must be consistent with the new financial management law." .
    He stressed that "our reserves of foreign currency are comfortable and good and within international standards; but exceed the normative ratios, but according to the law is not to cover the deficit, but is a cover for the local currency, and the strength of the exchange rate and the strength of the Iraqi dinar depends on this cover, so the process of linking the reserve and cover the deficit The Central Bank law does not allow the reserve to be used to lend directly or indirectly to the government, but rather to preserve the value of the dinar against the dollar. "
    And the relationship, that "the stability of the exchange rate is a central objective of the Central Bank and seeks to achieve by all means, and it depends mainly on the economic performance of Iraq, the stronger the economy was to maintain the exchange rate stronger, and our economy is subject to fluctuations The basis for the country, which is also the basis for foreign currency. "
    Between the relationship, that "the stability of the exchange rate is a central objective of the Central Bank and seeks to achieve by all means, and it depends mainly on the economic performance of Iraq, the stronger the economy was to maintain the exchange rate stronger and get the economy, which is dependent on prices Precisely managing a reserve to achieve stability is important, as there can be a balance between the supply and demand of a foreign currency, and when supply disrupts The exchange rate, and the reserves we have so far, are able to cover the demand for the dollar and thus keep the price under control. ”


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    Rocky
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    • Post n°2

    The central bank reveals its dollar reserves and commented on the 2020 deficit Empty This is what he said about the budget deficit 2020 .. Central Bank reveals reserves of the dollar

    Post by Rocky Tue 17 Sep 2019, 3:52 am

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    This is what he said about the budget deficit 2020 .. Central Bank reveals reserves of the dollar

    Light News / Baghdad
    confirmed the Governor of the Central Bank of Iraq , "the agency" on the Keywords that the central bank reserves of foreign currency and a comfortable but well above international standards.
    Allaq said in a press statement that "the law prohibits the use of this reserve to lend to the government to fill the budget deficit, but it is used to stabilize the exchange rate of the local currency and its strength."
    He pointed out that "the amount of the budget deficit for 2020 is not proven so far as indicated by the Ministry of Finance, and that what is being circulated is just hypothetical figures and not yet settled, indicating that the upper limit of the deficit must be consistent with the new financial management law." .
    He stressed that "our foreign currency reserves are comfortable and good and within international standards; but exceed the normative ratios, but according to the law is not to cover the deficit, but is a cover for the local currency, and the strength of the exchange rate and the strength of the Iraqi dinar depend on this cover, so the process of linking the reserve and cover the deficit The central bank law does not allow the reserve to be used to lend directly or indirectly to the government, but to preserve the value of the dinar against the dollar.
    And the relationship, that "the stability of the exchange rate is a central objective of the Central Bank and seeks to achieve by all means, and it depends mainly on the economic performance of Iraq, the stronger the economy was to maintain the exchange rate stronger, and our economy is subject to fluctuations The basis for the country, which is also the basis for foreign currency. ”
    Between the relationship, that "the stability of the exchange rate is a central objective of the Central Bank and seeks to achieve by all means, and it depends mainly on the economic performance of Iraq, the stronger the economy was to maintain the exchange rate stronger and get the economy, which is dependent on prices Precisely managing a reserve to achieve stability is important, as there can be a balance between the supply and demand of a foreign currency, and when supply disrupts "The exchange rate and the reserve we have so far are able to cover the demand for the dollar and thus keep the price under control."


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    Rocky
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    • Post n°3

    The central bank reveals its dollar reserves and commented on the 2020 deficit Empty Our reserve is able to cover the demand for the dollar

    Post by Rocky Tue 17 Sep 2019, 4:20 am

    [size=36]Our reserve is able to cover the demand for the dollar[/size]

    Political | 12:00 - 17/09/2019

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    BAGHDAD - Mawazine News
    The Governor of the Central Bank of Iraq, Ali Allaq, Tuesday, that the available reserve is able to cover the demand for the dollar.
    Among the relationship, that "the stability of the exchange rate is a central objective of the Central Bank and seeks to achieve by all means, and it depends mainly on the economic performance of Iraq, the stronger the economy was to maintain the exchange rate stronger."
    "Our economy is contingent on fluctuations in oil prices, which are the main resource for the country, and is also the basis of foreign currency, so careful management of the reserves to achieve stability is important."
    "Where there can be a balance between the supply and demand of the foreign currency, and when supply is disturbed, it affects the exchange rate, and our reserves so far are able to cover demand for the dollar, thus keeping the price under control."


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    • Post n°4

    The central bank reveals its dollar reserves and commented on the 2020 deficit Empty Re: The central bank reveals its dollar reserves and commented on the 2020 deficit

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