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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


    Central: a stable reserve at 53 billion and Okhov the dinar

    Rocky
    Rocky
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    Posts : 265234
    Join date : 2012-12-21

    Central: a stable reserve at 53 billion and Okhov the dinar Empty Central: a stable reserve at 53 billion and Okhov the dinar

    Post by Rocky Sat Jul 09, 2016 4:50 am

    [size=30]Central: a stable reserve at 53 billion and Okhov the dinar[/size]
    09/07/2016 09:30 | Number of Views: 100
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    Direction Press / follow-up 
    The central bank adviser Walid Idi, said a stable bank reserves at 53 billion dollars.
    Eide said that "the reserve last year stable at 53 billion dollars," noting that "the bank's conservative policy of a balance between price and maintain the reserves," he said. "There is no fear on the exchange rate of the dinar against the dollar."
    He added that "the central bank has worked hard to stabilize the exchange rate," pointing "in 2003 was the dollar equivalent of 2500 dinars, and the Bank's work on reduced in stages until he settled and select the purchase price of the banks as well as to determine the selling price with the exception of some cases."
    And Britain out of the European Union and its impact on the Iraqi economy, bank adviser said, "We have no investments in the British currency is very simple and its impact, as we do not have an economic relationship with Britain, but in respect of some oil equipment."
    "The Iraqi market closed and no international therefore not affected by the exit of Britain from the EU."
    The central bank adviser said that "more than $ 50 billion in addition to the gold also worth stockpiling of central bank reserves, which covers imports more than the period prescribed internationally recognized."
    The parliamentary Finance Committee, she saw that the decline in central bank sales of the dollar leads to rise against the Iraqi dinar, according to committee member Sirhan Ahmed, adding that, "the lack of the required dollar supply from the central bank is the main reason for higher dollar exchange rate," stressing that "the rising dollar against the Iraqi dinar would negatively affect the Iraqi economy. "
    Noteworthy that, a source at the Central Bank revealed in 19 of last May, depriving a number of financial companies to participate in the bank's auction for the sale of foreign currency; and to dealing with gangs Daash, and funding.
    He explained that "the bank's actions in the recent period with banks, companies and banking, financial and conversion become severe in terms of sanctions, which include the denial of entry of an auction of foreign currency sale for a month with the approval of the governor, which affects the sales of the bank, as there have become scarce , failure to enter the companies to the auction leads to a lack of width dollar. "
    The source added, "have been deprived of many companies to participate in the auction, based on the penalties to be applied from the central bank; for violating the directive, as there are companies dealing with Daash according to what came to us from the information, has been deprived of the auction until further notice, pending verification of non-dealing with Daash in funding it is returned to the auction. "
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