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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


    Al-Kazemi’s advisor: The central bank’s monetary policy is able to control the stability of the exch

    Rocky
    Rocky
    Rocky
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    policy - Al-Kazemi’s advisor: The central bank’s monetary policy is able to control the stability of the exch Empty Al-Kazemi’s advisor: The central bank’s monetary policy is able to control the stability of the exch

    Post by Rocky Fri 18 Jun 2021 - 9:01

    [size=36]Al-Kazemi’s advisor: The central bank’s monetary policy is able to control the stability of the exchange rate[/size]



     
    Baghdad/
    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the monetary policy of the Central Bank is able to control the stability of the exchange rate.
    Saleh said in a press statement, "The monetary policy of the Central Bank of Iraq and its sufficient foreign reserves has the ability to intervene in the exchange market by meeting legitimate demands for foreign currency, in both its two forms, the monetary dollar and foreign transfers in foreign exchange and for the account of bank customers from private sector traders seeking to finance their foreign trade." of various goods, services and benefits.
    He pointed out that "this policy also has the ability to meet small commercial requests in the same foreign currency, which is being met additionally, which is also one of the important windows in stabilizing the exchange rate at its official borders, all of which leads to the stability of the general level of prices."
    He added that "controlling the levels of local liquidity by sustaining the operations of sterilizing the surplus of local liquidity to achieve balance in the exchange market and in accordance with the objectives specified in the amended Central Bank of Iraq Law No. 56 of 2004 will remain the practical course in correcting emergency price deviations and controlling and sustaining stability."
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    Rocky
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    • Post n°2

    policy - Al-Kazemi’s advisor: The central bank’s monetary policy is able to control the stability of the exch Empty A new statement from the financial advisor on exchange rates and central bank policy

    Post by Rocky Fri 18 Jun 2021 - 9:23

    [size=30]A new statement from the financial advisor on exchange rates and central bank policy
    [ltr]06.18.2021 - 15:03[/ltr]
    [/size]
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    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Friday, that the monetary policy of the Central Bank is able to control the stability of the exchange rate.  
      
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    Saleh said, to the official agency, and followed by “Nass” (June 18, 2021), that “the monetary policy of the Central Bank of Iraq and its sufficient foreign reserves has the ability to intervene in the exchange market by meeting legitimate demands for foreign currency, in both its two forms, the cash dollar and foreign transfers in foreign exchange and for the account of customers.” Banks are private sector merchants seeking to finance their foreign trade of goods, services and various benefits.  

    He pointed out that "this policy also has the ability to meet small commercial requests in the same foreign currency, which is being met additionally, which is also one of the important windows in the stability of the exchange rate at its official borders, all of which leads to the stability of the general level of prices."  

    He added that "controlling the levels of local liquidity by sustaining the operations of sterilizing the surplus of local liquidity to achieve balance in the exchange market and in accordance with the objectives specified in the amended Central Bank of Iraq Law No. 56 of 2004 will remain the practical course in correcting emergency price deviations and controlling and sustaining stability."  

    The Central Bank of Iraq, had confirmed earlier, the stability of the dollar exchange rate and the absence of any intentions to change it.  

    A central bank statement stated that "what is being circulated is not true, as the price chosen at the end of the year 2020 for the dollar exchange was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy."  

    The bank indicated that "its foreign currency sales are based on the stability of its foreign reserves at excellent levels, as those sales were increased to meet all legitimate requests," stressing that "the price will stabilize as a result of the measures taken by the Central Bank recently and which it will take."  
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