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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 reassures citizens: Reserve 70 billion dollars in Europe's banks

    Rocky
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    Central Bank reassures citizens: Reserve 70 billion dollars in Europe's banks Empty Central Bank reassures citizens: Reserve 70 billion dollars in Europe's banks

    Post by Rocky Thu Jul 03, 2014 6:21 am

    Central Bank reassures citizens: Reserve 70 billion dollars in Europe's banks


    Abdel Basset Turki (Internet)

    BAGHDAD - A New World

    Wednesday July 2, 2014

    Abdel-Basit Turki, Governor of the Central Bank of Iraq, the power of the dinar and the precautions that supported despite the deteriorating situation in the country.

    Said Turki, in the course of his participation and chaired by the Financial Action Task Force for the Middle East and North Africa to combat money laundering and terrorist financing in the capital Manama, said that "cash reserves in support of the Iraqi dinar is 70 billion dollars," pointing out that the central bank is able to support the exchange rate of the dinar, which is Currently 1200 dinars to the dollar but did not rule affected the exchange rate.

    And CNN quoted U.S. for a Turkish saying that the dinar powered precautions and uncorrelated with any other currency and cash reserves able to support it.

    He assured the Iraqis that such large reserves of state funds of the central bank is not in Iraq but in the states and other banks in Europe and other countries.

    And influenced by the currency and the economy because of the attacks (Daash) said, "There is no doubt that the events of this size have an impact on the economy first and on the financial position and cash from the other, but the Iraqi state is able to get out of this crisis."

    And on money laundering in Iraq and the region by virtue chaired this group reported that "Iraq and the GCC in particular and the Arab countries and the Middle East generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged to be world-class and this is what we need now."

    He pointed out that Iraq has strong relationships and direct in this context, with the Central Bank of Abu Dhabi and medical relationships with Bank of Abu Dhabi (NBAD) and we started to get ready for cooperation and coordination with the GCC countries in this area.

     

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