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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» Iraqi sold for 5 banks $ 16 billion in 2012

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    «Central» Iraqi sold for 5 banks $ 16 billion in 2012 Empty «Central» Iraqi sold for 5 banks $ 16 billion in 2012

    Post by day dreamer Tue 26 Feb 2013, 6:55 pm

    «Central» Iraqi sold for 5 banks $ 16 billion in 2012


    27-02-2013 | ( (Voice of Iraq) -
    BAGHDAD - Naseer Goldfinch

    ا Wednesday, February 27, 2013
    The Central Bank of Iraq said in a statement, that he sold through auction, 16.2 billion dollars to five banks eligibility only, and that the amount is 33 percent of the sales volume during 2012. The announcement «Central» launched in response to comments by the MP Haidar al-Mulla, accused him of favoring a small number of banks to carry out purchase of foreign currencies and the exclusion of the other.

    Mullah was identified in a press conference banks most dealings with the central bank said it «Beirut and Byblos, the Middle East and Baghdad, Mansour, credit and Ceyhan and the Tigris and Euphrates and the North Bank. He criticized the «policy of the Department of the Central Bank and the changes that have occurred in the case of currency exchange, pointing out that« the policy caused a loss reached 509 billion Iraqi dinars ($ 420 million) during the three months.

    «We had an investigation on the mechanism of the currency exchange at the central bank Vakchwna that the issue of dollar auctions canceled permanently, and there became the dominance of foreign banks, mostly, on these auctions.

    The «is these banks that control the price of the dollar in Iraq, where the exchange rate 1160 dinars to the dollar, but the price arrived today to 1243 dinars, indicating that« these prices led to huge losses for the central bank and the country ».

    Word of the Central Bank on charges of Mullah saying it carried observations do not fall within the bank's activities, said in a statement that «the names of banks that mentioned not fall within the list of banks top buy for the dollar, and banks Top traded is the Middle East, and North, Erbil, and united, and National Bank ».

    The statement pointed out that «the volume of buying these banks form 33 percent of the full currency auction sales. According to the statement, «the five banks listed managed through a full year of buying $ 301 million in cash during 2012 and about $ 16 billion remittances abroad.

    The «Central» that «more audits ongoing transactions of the auction, offered banks several penalties, including preventing them from entering the auction for a certain period in addition to undergo transactions to audit the extraordinary, because of the large volume of transactions and the existence of signs of doubt strong transactions made its way through the previous phase. He stressed on the faith of his new administration should «expansion in the Iraqi banking relations with the outside world and give better opportunities to invest in Iraq, and the elements that allow foreign banks to sober to open branches on the basis of reciprocity.

    He described the «Central» interview Mullah exchange rates as fabricated pointing out that «the sale price of the dollar to banks is 1179 dinars to the dollar, and in 2012 did not increase the exchange rate to 1254, except in July and then returned to stability, and attributed the rise to a wrong decision taken by the Administration previous.

    د Dar Al Hayat



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