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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


3 posters

    A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on th

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 281403
    Join date : 2012-12-21
    • Post n°1

    A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on th Empty A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on th

    Post by Rocky Wed 28 Sep 2016, 8:23 am

    A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on the local market
    [ltr][You must be registered and logged in to see this image.]

    Wed, 28 Sep 2016 09:41:15
    [/ltr]
    [You must be registered and logged in to see this link.]







     
    # Algmehorah_uz
    A senior government official confirmed today, that the fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars on the local market, pointing out that the Ministry of Finance is selling 80% of dollar revenues to the central bank and then the latter to sell hard Eulma market gets to the Iraqi dinar.
     
    The official, who declined to be identified for / Republic News that "there is out of hard currency out of Iraq because of the security and economic conditions experienced by the country, pointing out that the central bank gives the freedom of the individual to act in the funds, whether the currency abroad convert reasons to travel or investment outside of Iraq. "
    And that "the Iraqi dinar is an internal expenses, government contracts and its imports are considered hard currency, pointing out that" fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars in the local market. "
     
    And that "the Ministry of Finance get foreign exchange earnings increased by 100%, pointing out that the financial sell 80% of foreign currency to the central bank to be put up in the market to sell and get the Iraqi dinar is then cashed in the local market to be traded in terms of the payment of staff salaries ".
     
    He pointed out that "the occurrence of financial crimes and thefts for some banks pay the central bank to intensify actions on the banks to protect the capital, stressing that the central bank has no any auction for the sale of hard currency in the whole of Iraq."
    [You must be registered and logged in to see this link.]
    • Back to top
    noced71
    noced71
    noced71
    Cain't Let Go Investor
    Cain't Let Go Investor


    Posts : 360
    Join date : 2012-12-19
    • Post n°2

    A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on th Empty Re: A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on th

    Post by noced71 Wed 28 Sep 2016, 8:26 am

    I would say this is a very good problem for Iraq to have.
    • Back to top
    jedi17
    jedi17
    jedi17
    Moderator
    Moderator


    Posts : 10738
    Join date : 2013-02-20
    • Post n°3

    A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on th Empty Re: A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on th

    Post by jedi17 Wed 28 Sep 2016, 8:50 am

    I agree with you noced, it would be interesting to know how much Dinar is still being hoarded by locals or are they now using banks, smart cards or are they some how finding their ways to the American Dollar again.

    We know that they need to get a lot of cash out of the hands of Iraqi people in order for their dinar to have a value as at some point i think there was in excess of 30 trillion dinar floating around Iraq.  So, if they have a supply problem now, that is a good thing for us.

    Now, does this last paragraph in the article elude to an end to the currency auction?

    He pointed out that "the occurrence of financial crimes and thefts for some banks pay the central bank to intensify actions on the banks to protect the capital, stressing that the central bank has no any auction for the sale of hard currency in the whole of Iraq.
    • Back to top
    Sponsored content

    Sponsored content


    • Post n°4

    A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on th Empty Re: A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on th

    Post by Sponsored content

    • Back to top
      Current date/time is Wed 27 Nov 2024, 8:14 am