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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


    The Association of Banks confirms its support for the Central Bank's measures to achieve monetary st

    Rocky
    Rocky
    Rocky
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    • Post n°1

    The Association of Banks confirms its support for the Central Bank's measures to achieve monetary st Empty The Association of Banks confirms its support for the Central Bank's measures to achieve monetary st

    Post by Rocky Thu 29 Dec 2022, 6:03 am

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    Baghdad-conscious 

    Today, Thursday, the Association of Iraqi Private Banks confirmed its support for the Central Bank's measures to control the money market.
    The association's advisor, Samir Al-Nusairi, said, in a statement received by the Iraqi News Agency (INA), that "our banks, which were identified by the Central Bank, considered them additional outlets for providing US dollars to traveling citizens, which They need for travel and treatment purposes, at the price of 1470 dinars, with borders and a flexible and smooth mechanism throughout the week.” to Fridays, Saturdays and public holidays. 
    He added, "The Central Bank worked to increase the weekly share of these banks to 1,800,000 dollars, and under on-site and field follow-up by the bank." ".
    He stressed that “the decisions issued by the Central Bank, and the new mechanisms and instructions related to raising interest rates and the special commission for the investment financial products of the Central Bank, so that banks can invest their surplus liquidity with the bank according to special details, and open the windows of forward investment (90 days, 182 days, 364 days) and new issue mechanisms.” For deposits for banks wishing to participate in the currency window, it allows banks to purchase any amounts in foreign currency and deposit them in accounts used for external transfers only and pay interest / returns on those balances according to the new mechanism.
    He pointed out that "the Central Bank took measures during the past two weeks to increase the supply and provision of the dollar to merchants, businessmen and importers through banking outlets directly without the mediation of intermediaries, which will restore the money market to its balance regardless." of any political news, fabrications, fabrications, and non-specialized analyzes.”
    Al-Nusairi explained, "The central bank's assurances of the availability of foreign cash reserves exceeding $96 billion and its ability to supply dollars in sufficient quantities to meet the requirements of demand will inevitably enable it to control the money market quickly."
    Al-Nusairi called on the competent government agencies to "assign the Central Bank's procedures in accordance with its tasks and duties contained in its law in force and its previous successful experiences, to control the exchange rate," calling on "the national media with all its visual, audio and print means to support the procedures and decisions issued by the Central Bank.”
    He pointed out that "the governor of the Central Bank confirmed that the economic situation of our resources from the US dollar cannot be compared to the situation of Lebanon and neighboring countries," stressing that "the current rise is temporary and will return to its previous rates, and the Iraqi dinar will continue to be strong and stable.”
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    Rocky
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    • Post n°2

    The Association of Banks confirms its support for the Central Bank's measures to achieve monetary st Empty The Association of Banks confirms its support for the Central Bank's measures to achieve monetary st

    Post by Rocky Thu 29 Dec 2022, 6:11 am

    [size=45][size=41]The Association of Banks confirms its support for the Central Bank's measures to achieve monetary stability[/size]

    [/size]

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    Today, Thursday, the Association of Iraqi Private Banks confirmed its support for the Central Bank's measures to control the money market.
    The Association’s advisor, Samir Al-Nusairi, said, in a statement received by (Al-Oula News), that “our banks, which were identified by the Central Bank, considered them additional outlets for providing the US dollar to traveling citizens, which they need for the purposes of travel and treatment, at the price of 1470 dinars, with borders and a flexible and smooth mechanism throughout the days of the week, in addition to days Friday, Saturday and public holidays. 
    He added, “The Central Bank worked to increase the weekly share of these banks to 1,800,000 dollars, and under on-site and field follow-up by the bank.” ".
    He stressed that “the decisions issued by the Central Bank, and the new mechanisms and instructions related to raising interest rates and the special commission for the investment financial products of the Central Bank so that banks can invest their surplus liquidity with the bank according to special details and open the windows of forward investment (90 days, 182 days, 364 days) and issue new mechanisms.” For deposits for banks wishing to participate in the currency window, it allows banks to purchase any amounts in foreign currency and deposit them in accounts used for external transfers only and pay interest / returns on those balances according to the new mechanism.
    He pointed out that “the Central Bank took measures during the past two weeks to increase the supply and provision of the dollar to merchants, businessmen and importers through banking outlets directly without the mediation of intermediaries, which will restore the monetary market to its balance regardless of any political news, fabrications, fabrications and inappropriate analyzes.”
    Al-Nusairi explained, "The central bank's assurances of the availability of foreign cash reserves exceeding $96 billion and its ability to supply dollars in sufficient quantities to meet the requirements of demand will inevitably enable it to control the money market quickly."
    Al-Nusairi called on the competent government agencies to “assign the Central Bank’s procedures in accordance with its tasks and duties contained in its law in force and previous successful experiences, to control the exchange rate,” calling on “the national media in all its visual, audio and print media to support the procedures and decisions issued by the Central Bank.”
    He pointed out that “the governor of the Central Bank confirmed that the economic situation of our resources from the US dollar cannot be compared to the situation of Lebanon and neighboring countries,” stressing that “the current rise is temporary and will return to its previous levels, and the Iraqi dinar will continue to be strong and stable.”
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