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Disorders of the Iraqi exchange market after the decline of the dinar

Proven
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Disorders of the Iraqi exchange market after the decline of the dinar - Page 5 Empty Disorders of the Iraqi exchange market after the decline of the dinar

Post by Proven on Sun 07 Jun 2015, 6:08 pm

First topic message reminder :

Disorders of the Iraqi exchange market after the decline of the dinar

Jun 7, 2015


BAGHDAD - Ali Jawad- Alonadol-
Economists and Financial Iraqi officials that the decline in the Iraqi dinar exchange rate against foreign currencies recently, was a result of increased demand for the dollar, and led to fluctuations in market transactions, reflected directly on public life, said.

As a result, prices of imported goods rose (food, construction, and electrical) compared with the prices that prevailed two months ago, by up to 10%, while the central bank plans a new currency category of 50 thousand dinars ask, as one of containing the crisis procedures.

And the decline of the Iraqi dinar exchange rate against the dollar since the beginning of last month to record about 1230 dinars to the dollar, while the exchange rate was stable over the past years at 1223 dinars to the dollar.

Said Abdul-Razzaq al-Saadi, an economist and former head of the Securities Commission of Anatolia "The decline in the dinar exchange rate against the dollar and exchange rate instability cause volatility in commercial transactions, and to pay the high prices of goods in the domestic market."

"The lack of clarity in the Iraqi Central Bank's policy on exchange rate stability mechanisms adopted by the Bank led to fluctuations in the market," pointing out that "the central bank needs to inter procedures that explain monetary policy in the country."

For his part, the Iraqi Central Bank announced that "the main reasons that led to the decline in the dinar exchange rate against the dollar is escaped hard currency (foreign) out of the country, and breadth of speculative activity in the foreign exchange market (banking) offices."

Said Majid picture member of the governing body of the central bank in a statement of Anatolia, said that "there are a number of reasons, which leads to lower exchange rates and increased demand for hard currency, despite the increase in supply by the Central Bank of Iraq, including foreign travel requests, and capital flight ".

He continued that "it is very difficult to control the exchange rate by only central bank actions, should interfere with the rest of the government institutions concerned to limit capital flight operations."
As solutions and real-time decided the Central Bank of Iraq, according to my photos "B1193 dollar dinars per dollar in the sale of 18 banks, the banks granting three points per dollar, in order to stabilize the exchange rate."

The Finance Committee in the Iraqi Parliament held that "quantifying the amounts sold by the central bank a day led to a decline in the exchange rates," noting that during the next month, "a new currency may contribute to the decline in demand for the dollar will go."

Said Abdul Jabbar, a member of the Committee for the Creator Anatolia correspondent that "the Central Bank of Iraq was already sells a daily average of $ 400 million, it was sold amounts of dollar recently reduced to $ 75 million a day, and this has led to increased demand for the dollar."

He added that "the new paper currency which is scheduled to put on the market next month will have an important role in reducing the demand for the dollar, and the high price of the Iraqi dinar to average."

It is scheduled that the Central Bank of Iraq poses a new currency category of 50 thousand dinars, to be added to other paper categories, namely 25 thousand, 10 thousand, 5 thousand dinars, and thousand dinars and 250 dinars.

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franny
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Post by franny on Mon 16 Nov 2015, 12:28 pm

"Sell and move on". No way Jose . I never give up and never give in.
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Post by CITEX on Mon 16 Nov 2015, 12:30 pm

[You must be registered and logged in to see this link.] wrote:"Sell and move on". No way Jose . I never give up and never give in.

I am right there with ya Franny!, I have them and I will Keep them, worst case My kids get them when I die...
duck2000
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Post by duck2000 on Wed 18 Nov 2015, 4:44 am

[You must be registered and logged in to see this link.] wrote:iraq has two options as do we ...they can hold firm add new lower notes and REVALUE the currency or they can add zeros too the currency add inflation.. at the same time which will cause larger notes required.. no credit rateing will be given .. no bonds will be issued..now as far as us we can wait to see which way they go large or small.. selll or hold ONLY one thing will happen you decide!! they cannot do both that is fact!!! no speculation .. read economics and learn!!


 so larger notes are going in the credit rating is falling fast and is worthless  so how far off am i  ?????
duck2000
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Post by duck2000 on Wed 18 Nov 2015, 4:45 am

ok so they got the rating ooooooo... lol
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Post by Screwball on Wed 18 Nov 2015, 5:02 am

[You must be registered and logged in to see this link.] wrote:ok so they got the rating ooooooo... lol
Never see you post so much you must be excited!
duck2000
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Post by duck2000 on Wed 18 Nov 2015, 5:12 am

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:ok so they got the rating ooooooo... lol
Never see you post so much you must be excited!
just hate being told i am a liar! lol
duck2000
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Post by duck2000 on Wed 18 Nov 2015, 5:19 am

its takes a lot of time and energy/and guts to stick out your neck to give info that you have gathered from this country and others and too hear you have lied and deceived the forum ! my thoughts dat if the forum would have some CLEARER info dat wasnt fluff and how does one say B.S .. lol dat it would be helpfull.. just because you dont see the results today doesnt mean that it wasnt rite or accurate!
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Disorders of the Iraqi exchange market after the decline of the dinar - Page 5 Empty Re: Disorders of the Iraqi exchange market after the decline of the dinar

Post by azareus on Wed 18 Nov 2015, 5:21 am

You were right about those 2 options but according to that statement Iraq have chosen not to revalue.
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Post by Neno on Wed 18 Nov 2015, 6:37 pm

[You must be registered and logged in to see this link.] wrote:You were right about those 2 options but according to that statement Iraq have chosen not to revalue.
Yet and Thank God, going to make it now to December. I'm trying very hard to have a flying car too.... badboys
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Post by Screwball on Thu 19 Nov 2015, 2:09 am

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:You were right about those 2 options but according to that statement Iraq have chosen not to revalue.
Yet and Thank God, going to make it now to December. I'm trying very hard to have a flying car too.... badboys
You still buying more dinar?

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