Established in 2006 as a Community of Reality

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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.

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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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jedi17
Neno
Proven
csd9013
wciappetta
weslin3
noced71
lonelyintexas
12 posters

    Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur

    lonelyintexas
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    • Post n°1

    Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur - Page 3 Empty Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur

    Post by lonelyintexas Wed Aug 26, 2015 1:06 pm

    First topic message reminder :

    Iraqi Central Bank building in central Baghdad Imaging (Mahmoud Raouf)


    Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign currency

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    Author: ASJ, BS 
    Editor: BS     2015/08/26 18:37 Number of Views: 161 

    An informed source at the Central Bank of Iraq, on Wednesday, for the last willing to put up bonds for sale in the local currency, while pointing to a surplus of foreign currency in the country.

    The source said in an interview with the (long-Presse), that "Iraq needs funds in local currency and not in hard currency, so the central bank is preparing to launch bonds in local currency for sale in order to strengthen the local currency."

    The source, who asked not to be named, said "bonds that will be put forward will be available to all citizens and the various classes in order to take advantage of it will be local and national," noting that "the mechanism of sale will be announced in the near future."

    The source continued that "there is a surplus in foreign currency in the country and, therefore, he went to the Central Bank to sell bonds in the national local currency away from the dollar selling."

    The Central Bank of Iraq announced earlier, to take the necessary measures to support liquidity in the banking system, and decided to facilitate the procedures for the sale of foreign currency "to sustain the exchange rate."

    The Central Bank of Iraq, said in (the 18th of January 2015), that the financial reserves of Iraq is equivalent to one and half times the weakness of the currency bloc, returned as "best rates" in the countries of the world, and as he emphasized that Iraqi financial institutions are "unable" to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices.

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    GWT54
    GWT54
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    • Post n°21

    Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur - Page 3 Empty Re: Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur

    Post by GWT54 Thu Sep 03, 2015 1:19 pm

    This tells me that the Dinar will be worth more than the dollar. JMO
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    Proven
    Proven
    Proven
    NNP TEAM
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    Posts : 1858
    Join date : 2012-12-21
    • Post n°22

    Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur - Page 3 Empty Re: Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur

    Post by Proven Thu Sep 03, 2015 1:29 pm

    GWT54 wrote:This tells me that the Dinar will be worth more than the dollar. JMO

    Agree.  Interesting start and end dates. 
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    fonz1951
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    • Post n°23

    Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur - Page 3 Empty Re: Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur

    Post by fonz1951 Thu Sep 03, 2015 7:06 pm

    We have a surplus of foreign currency, i can help you with that, re-value your currency and i will take some of that "foreign" currency off your hands.
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    mochasmom
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    • Post n°24

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    Post by mochasmom Thu Sep 03, 2015 8:44 pm

    Near future date, geesh
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    Proven
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    • Post n°25

    Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur - Page 3 Empty Re: Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign cur

    Post by Proven Wed Mar 09, 2016 1:01 pm

    Drying up liquidity:


    The central bank plans to launch a national bonds in five categories of the middle of this month


    Wednesday 9 March 2016

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    Alsumaria News / Baghdad


    CBI, Wednesday, announced his intention to launch a national bonds in five categories of the middle of this month, adding that her annual interest rate of 6%, between that can be used as collateral for loans to financial facilities.

    The bank said in a statement Alsumaria News received a copy of that "will launch national bonds (nominal) on behalf of the Ministry of Finance in nominal terms and as of the middle of this month, March 15 and ends on 15 April next year," adding that "Asdarih will offer five categories include ( 100,000 and 250,000, and 500,000 and 1,000,000 and 5,000,000). "


    The bank said that "the value of these funds to be raised will reach 1.5 trillion dinars," noting that "the sale will be at a discount and will be 6% interest per annum and is payable by the Ministry of Finance in March, 142,018."


    The bank added that "can citizens and banks all provide purchase orders to the Central Bank directly," pointing out that "he can use those bonds as collateral for loans and facilities or any transactions require collateral, can also be traded on the Iraq Stock Exchange, buying and selling and be deductible the public and private banks. "


    Iraq is seeking to issue an internal national bonds to finance the deficit in the public budget for Iraq as a result of falling oil prices to below $ 30 per barrel.

    Founded CBI independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily buying and selling of foreign currencies, except for public holidays on which depends the Bank for these auctions.


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    • Post n°26

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