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Neno's Place Established in 2006 as a Community of Reality


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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


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    Central Bank decides to take the necessary measures to boost liquidity in the banking system and sim

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    • Post n°1

    Central Bank decides to take the necessary measures to boost liquidity in the banking system and sim - Page 2 Empty Central Bank decides to take the necessary measures to boost liquidity in the banking system and sim

    Post by day dreamer Sun 25 Jan 2015, 10:30 am

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    Sunday January 25, 2015 16:18
     
     
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    Central Bank decides to take the necessary measures to boost liquidity in the banking system and simplify the selling currency measures


    [ltr]Alsumaria News / [You must be registered and logged in to see this link.]

    Iraqi Central Bank decided, Sunday, to take the necessary measures to boost liquidity in the banking system and simplify the sale of foreign currency procedures to facilitate the stability of the market and the exchange rate.


     The central bank said in a statement received "Alsumaria News", "The House of the Iraqi Central Bank management discussed the extraordinary Directors held today, the financial situation in     [You must be registered and logged in to see this link.] and the large budget deficit. "
    [/ltr]







    [ltr]"The Council decided to take the necessary measures to boost liquidity in the banking system so as to enable it to perform its duties usual measures, and at the same time, the acquisition of government debt instruments so as to enhance sustainable development and job creation and prosperity."


     He said the bank, that "The Council also decided to simplify the procedures for the sale of foreign currency (bank and cash) in order to facilitate the stability of the market and the exchange rate."


     The Central Bank of Iraq confirmed in (January 18, 2015), that the bank reserves is one of the best reserves in the world, at a time pointed out that covers the currency and a half times, between the financial crisis that has plagued Iraq is resolved structuring the economy and diversify sources.


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    • Post n°11

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    Post by weslin3 Sun 25 Jan 2015, 4:21 pm

    Both sounds good to me. Having their banking system covered 2.5 times is good and also 2.50 to 1 is also good. I'll take either or both.   yes
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    Post by fonz1951 Sun 25 Jan 2015, 5:33 pm

    weslin3 wrote:Both sounds good to me. Having their banking system covered 2.5 times is good and also 2.50 to 1 is also good. I'll take either or both.   yes

    me too brother, me too.  drunk
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    • Post n°13

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    Post by weslin3 Sun 25 Jan 2015, 7:29 pm

    Ahem! I'm a sister fonz.... laugh
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    Post by fonz1951 Sun 25 Jan 2015, 7:54 pm

    weslin3 wrote:Ahem! I'm a sister fonz.... laugh


    me too sister, me too.that better? who says you don't learn something new every day?   laugh right back at ya.
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    • Post n°15

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    Post by wciappetta Tue 27 Jan 2015, 8:04 am

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    By [You must be registered and logged in to see this link.] 01.27.2015 01:27 | Views: 165
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    Brother - Baghdad
    Iraqi Central Bank decided Tuesday to support commercial banks to five trillion dinars and finance the budget six trillion dinars.
     
    The bank said in a statement received for News Agency (et), a copy of which was "in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy, the Department of the Central Bank Council approved the inter proposals made by the Bank's management, including the liquidity support specialized commercial banks in the amount of five trillion dinars to enable them to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation. "
     
     
    The bank said it was "also decided to finance public Budgeting state $ 6 trillion dinars run through 50% of the deposits of commercial banks reserves with the Central Bank of Iraq," noting that "he also decided to buy back treasury bonds from the secondary market, where the central bank will buy about ( 5) five trillion dinars first stage of those bonds. "
     
     
    The bank said that "the actions taken by the Bank for upholding the private reserves of the Central Bank of Iraq."

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    • Post n°16

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    Post by wciappetta Tue 27 Jan 2015, 8:12 am

    weslin3 wrote:Both sounds good to me. Having their banking system covered 2.5 times is good and also 2.50 to 1 is also good. I'll take either or both.   yes

    This doesn't even account for oil reserves....
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    • Post n°17

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    Post by wciappetta Tue 27 Jan 2015, 8:21 am

    What they're doing here is easing the higher  deposit requirements of commercial banks to standards much closer to the international norm allowing the banks then to make loans in country to support growth. Plus they're buying bonds which is a quantitive easing type move putting liquidity into the economy which will spur on economic activity through the increasing the velocity of money. It's a move the federal reserve has done many times and continues to do....hopefully this move could be a cover to moving lower denoms to the banks.....Interesting thought right?


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    • Post n°18

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    Post by weslin3 Tue 27 Jan 2015, 8:46 am

    I love that thought ward as it is very logical.... which we don't get to see with them doing things a lot. lol


    Could this happen very quickly or will take more time to do this?
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    • Post n°19

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    Post by wciappetta Tue 27 Jan 2015, 8:51 am

    The idea of lower denoms would have to be immediate for the RV and the rest is most likely investment increments over the course of the year.


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    • Post n°20

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    Post by Proven Tue 27 Jan 2015, 9:03 am

    wciappetta wrote:What they're doing here is easing the higher  deposit requirements of commercial banks to standards much closer to the international norm allowing the banks then to make loans in country to support growth. Plus they're buying bonds which is a quantitive easing type move putting liquidity into the economy which will spur on economic activity through the increasing the velocity of money. It's a move the federal reserve has done many times and continues to do....hopefully this move could be a cover to moving lower denoms to the banks.....Interesting thought right?

    Agree with your assessment.  The announcement is the first step.  The question becomes when?

    If they do this before raising the value, allot of loans will need to be paid back with higher value dinar.  Banks would need to be recapitalized.  

    If they loan money out after raising the value, banks will have excess capital.

    The central bank has already stated that they would recapitalize the banks for losses as a result of the delete the zeros implementation.  The CBI could better control the process.  



    Last edited by Proven on Tue 27 Jan 2015, 9:12 am; edited 1 time in total
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