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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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mochasmom
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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Proven
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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Post by Proven Wed Sep 09, 2015 11:03 am

    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    [ltr]History of edits:: 2015/9/9 17:34 • 94 visits readable[/ltr]
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    {Baghdad: Euphrates News}

    The governor of the Iraqi Central Bank on the Keywords The decline in oil revenues reduced the country's foreign exchange reserves to about $ 60 billion, adding that the level of reserves this comfortable, revealing that Iraq also needs to reform its banks through restructuring and privatization Rafidain and Rasheed.

    Keywords said in a newspaper interview that the decline in dollar-denominated expenses also also reduced demand for foreign currency.
     He added that "the level of reserves in Iraq comfortable" but he also said that reserves are decreasing month but "not too much".

     Keywords and reduced down concerns that the continued downward pressure the Iraqi dinar, which the central bank sells to banks and dealers who obtained licenses at a price fixed in 1166 dinars to the dollar.

     "If we look at the markets these days .. we will see that the price is very stable .. and very reasonable, so no need to worry about this at the moment."

     As part of efforts to help bridge the budget deficit, the Iraqi government is seeking to have a version of the first international bond in nine years in Europe and the United States this week.

     The government hopes to raise up to six billion dollars in a series of versions Keywords dollar bonds but said that the first phase will be to collect two billion dollars.

     He predicted that the interest rate exceeds the eight percent because of security concerns.
     Baghdad also plans to issue local bonds worth five billion dollars starting from the last quarter of the year.

     Keywords and said that the issuance of bonds in international markets would help in the reintegration of Iraq, the global financial system after years of wars and sanctions.

     He added that Iraq also needs to reform its banks through restructuring and privatization of the largest state-owned banks: the Rafidain Bank and Rasheed Bank.

     "This is a major change that could lead to change the entire sector. These two banks dominate about 80 or 90 percent of the whole sector."
     He pointed out that foreign banks may take possession of shares in the two banks in two years or three.

     According to the law it can not lend to the Central Bank and Ministry of Finance Keywords but said the bank injected liquidity into the banking system through the purchase of Treasury bills and bonds by up to five trillion Iraqi dinars (4.38 billion dollars) this year in the secondary market.

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    Last edited by Proven on Wed Sep 09, 2015 12:04 pm; edited 1 time in total
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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Re: Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Post by Proven Wed Sep 09, 2015 11:10 am

    Ties to this post discussion:

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    day dreamer
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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Re: Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Post by day dreamer Wed Sep 09, 2015 12:46 pm

    Baghdad also plans to issue local bonds worth five billion dollars starting from the last quarter of the year.

     Keywords and said that the issuance of bonds in international markets would help in the reintegration of Iraq, the global financial system after years of wars and sanctions.


    woohoo so local bonds start Oct. 1st......then international ones if they do it like before 2 weeks later....so hoping by 15th of Oct
    thumbs



    Ali Al-Allaq told TR Zawya that the government would issue around USD 5 billion in domestic bonds next month and around USD 6 billion in international bonds by the middle of August.
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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Re: Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Post by mochasmom Wed Sep 09, 2015 12:50 pm

    and this means rv before to have international currency?
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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Re: Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Post by lonelyintexas Wed Sep 09, 2015 12:58 pm

    day dreamer wrote:Baghdad also plans to issue local bonds worth five billion dollars starting from the last quarter of the year.

     Keywords and said that the issuance of bonds in international markets would help in the reintegration of Iraq, the global financial system after years of wars and sanctions.


    woohoo so local bonds start Oct. 1st......then international ones if they do it like before 2 weeks later....so hoping by 15th of Oct
    thumbs



    Ali Al-Allaq told TR Zawya that the government would issue around USD 5 billion in domestic bonds next month and around USD 6 billion in international bonds by the middle of August.
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    So DD there is that date we were looking for.
    Thanks
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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Re: Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Post by weslin3 Wed Sep 09, 2015 1:09 pm

    drunk
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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Re: Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Post by Proven Wed Sep 09, 2015 1:43 pm

    lonelyintexas wrote:
    So DD there is that date we were looking for.
    Thanks
    LIT
    yes

    The window opens according to their schedule.



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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Re: Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Post by Neno Wed Sep 09, 2015 8:10 pm

    Privatize....interesting.
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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Re: Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

    Post by Lobo Wed Sep 09, 2015 10:03 pm

    Privatize - wonder who will be on the Board   lol!

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    Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed Empty Re: Governor of the Central Bank: The government is seeking to privatize the Rafidain and Rasheed

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