CBI dollar restricts withdrawals

by **Rocky** Tue 26 Mar 2013, 4:16 am

Rocky: Admin Assist; Posts : 269638
Join date : 2012-12-21

Post n°1

CBI dollar restricts withdrawals

by Rocky Tue 26 Mar 2013, 4:16 am

CBI dollar restricts withdrawals

26/03/2013

Baghdad morning's New
Issued CBI, new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies select the stakes weekly for banks and remittance companies and trading firms currency from the dollar appreciates as capital each, and will increase and decrease of this share exchange for a commitment each delivery amounts they want customers from citizens . He said the Iraqi Central Bank that this directive was intended to stabilize the exchange rate of the Iraqi dinar against foreign currencies, and meet the needs of the private sector of foreign currency to import goods and services, as well as to encourage banks to increase its range of services to meet the demands of its customers in foreign currency. According to the instructions, the Iraqi banks, they can buy $ 4 million subject to increase or decrease as a share of weekly for banks in the light of its commitment to the delivery of the currency of the beneficiaries of the citizens at specified prices by him. And was instructed to sign acting central bank governor, Abdul Basit Turki, and will take effect from next April 15.

[You must be registered and logged in to see this link.]

by Hkp1 Tue 26 Mar 2013, 1:50 pm

Hkp1

Hkp1: Interacting Investor; Posts : 3118
Join date : 2012-12-19

Post n°2

Central restricts withdrawals USD

by Hkp1 Tue 26 Mar 2013, 1:50 pm

Central restricts withdrawals USD

Ali Salman-26/03/2013-9: 06 am

The
Iraqi Central Bank, has issued new instructions to stabilize the
exchange rate of the Iraqi dinar against foreign currencies select
weekly quotas are banks and remittance companies and companies from
currency trading the dollar appreciates in the capital of each, and will
further reduce the quota for each delivery commitment amounts that
customers of citizens.

The CBI said in a statement issued late
Sunday that these instructions aim to stabilize the exchange rate of the
Iraqi dinar against foreign currencies, and to meet the needs of the
private sector of foreign currency to import goods and services, as well
as to encourage banks to expand their services to meet the demands of
their clients in foreign currency.

And according to the
instructions, the Iraqi banks, they can buy a $ 4 million are subject to
increase or decrease as a share of banks in the light of the weekly
commitment to deliver the currency to benefit from the specific prices
of citizens.

And instructions signed by the Governor of the
Central Bank, Abdul Basit Turki, following termination of the original
Governor Sinan Al-Shabibi by the Iraqi Cabinet, which will apply from
April 15.

This instruction replaces the previous instructions
that were issued during the months of October, November and December
2010, and previous instructions issued in the months of January, April,
June and July 2012 respectively.

Help identify new $ 150,000 as a
share purchase for every company operating in the field of financial
transfer provided that the capital is at least 45 billion Iraqi dinars,
and back down to $ 100,000 share of the capital is less than $ 45
billion

In the case of companies buying and selling currencies,
given new instructions for each company the right to purchase $ 50,000
weekly as a minimum requirement of share capital of the company for $
500 million Iraqi dinars, equivalent to about $ 420,000, and corporate
capital of less than that amount, the right to purchase $ 25,000 a week.

The Iraqi Central Bank organises auctions daily patrol to sell the
dollar, most recently on Sunday 24 March 2013, participated in the
auction, 23 banks, the Central Bank sold 167 million and $ 343 price
1166 dinars to the dollar.

[You must be registered and logged in to see this link.]

by MsLynn77 Tue 26 Mar 2013, 2:38 pm

MsLynn77

MsLynn77: Getting It Investor; Posts : 28
Join date : 2013-01-04

Post n°3

Re: CBI dollar restricts withdrawals

by MsLynn77 Tue 26 Mar 2013, 2:38 pm

Hum, is this good for us or bad for us -- "us" meaning the RV

by **Neno** Wed 27 Mar 2013, 3:50 pm

Neno

Neno: Admin; Posts : 10948
Join date : 2012-12-17
Age : 60
Location : Lone Star State

Post n°4

Re: CBI dollar restricts withdrawals

by Neno Wed 27 Mar 2013, 3:50 pm

The CBI said in a statement issued late
Sunday that these instructions aim to stabilize the exchange rate of the
Iraqi dinar against foreign currencies,

[You must be registered and logged in to see this link.]