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


+7
Neno
zimi31
Ronbo
fonz1951
weslin3
wciappetta
Rocky
11 posters

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280306
    Join date : 2012-12-21
    • Post n°1

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Post by Rocky Wed 07 Dec 2016, 3:43 am

    First topic message reminder :

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






    2016/12/07 | 10:40

    (Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Economy Naozachas Ghassan the judge considered the governor of the Iraqi Central Bank on the Keywords stop selling the dollar through selling currencies in the bank window will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing that to say that the central bank is obliged to carry out this task, though declined to perform this role for the collapsed financial situation in Iraq. 

    Keywords and said in an interview conducted by the CFTC and the economy News Agency on the sidelines of theannual conference of the Union of Arab Banks , which was held in Beirut recently to Waglguena sale Atarlasubh window Sarsrv Atarmabin 3, 4000 dinars, and maybe more. 

    He said the governor also Sndpartya case Cancel Currency window to print trillions of Aldnaniralaracah annually to cover the local need of the dinar, will lead to Iraq 's infrastructure to Anhiaralamlh due to inflation, Uma knows excessive cash. 

    And about the prospects float Aldenarabraghi , similar to other countries in the region, Keywords , said this matter is Matrouh sealed the moment, we are working to liberalize currency and not a float, a large difference between the two denied Keywords existence coin auction at the Central Bank, but the sale of foreign currency window , stressing that the central mediator between The Ministry of Finance and the public is not only. 

    Turning to the experience of Lebanon and Jordan, in the field of maintaining the stability of their currencies, adding that the situation in Iraq is different and noted that the solution in Iraq lies in reducing the demand for the dollar through the structure of the Iraqi economy correction, rather than through a reluctance to sell the dollar. 

    The governor stressed the central bank sought to settle the employees ' salaries in private banks, confirming the existence of a trend for the resettlement of all Iraqis salaries of employees over the next year in 2017 in the banks. 

    And welcomed the Governor of the Central Bank of any request to host the House of Representatives, stressing the importance of the meeting with the Parliament, on the basis of the fact that monetary policy specialty issue can not be dealt with from afar, or through skirmishes and analysis inaccurate. 

    This will be Nherns dialogue with the governor in Aladeddakadm magazine Iraqi banks issued by the Iraqi private banks association that

    [You must be registered and logged in to see this link.]
    • Back to top
    zimi31
    zimi31
    zimi31
    Interacting Investor
    Interacting Investor


    Posts : 2430
    Join date : 2012-12-21
    Location : New York
    • Post n°11

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Re: Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Post by zimi31 Wed 07 Dec 2016, 3:06 pm

    thumbs
    • Back to top
    Neno
    Neno
    Neno
    Admin
    Admin


    Posts : 10948
    Join date : 2012-12-17
    Age : 61
    Location : Lone Star State
    • Post n°12

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Re: Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Post by Neno Wed 07 Dec 2016, 3:25 pm

    we are working to liberalize currency and not a float, a large difference between the two

    So they are not willing to drop the actions ...JUST YET?
    • 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°13

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Re: Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Post by noced71 Wed 07 Dec 2016, 3:31 pm

    Neno wrote:we are working to liberalize currency and not a float, a large difference between the two

    So they are not willing to drop the actions ...JUST YET?

    You are right Neno.... it seems like they just stopped short of telling "exactly" what they're going to do.
    • Back to top
    duck2000
    duck2000
    duck2000
    Interacting Investor
    Interacting Investor


    Posts : 2934
    Join date : 2012-12-21
    • Post n°14

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Re: Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Post by duck2000 Wed 07 Dec 2016, 5:42 pm

    Neno wrote:we are working to liberalize currency and not a float, a large difference between the two

    So they are not willing to drop the actions ...JUST YET?
    yes !
    • Back to top
    Neno
    Neno
    Neno
    Admin
    Admin


    Posts : 10948
    Join date : 2012-12-17
    Age : 61
    Location : Lone Star State
    • Post n°15

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Re: Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Post by Neno Wed 07 Dec 2016, 7:12 pm

    duck2000 wrote:
    Neno wrote:we are working to liberalize currency and not a float, a large difference between the two

    So they are not willing to drop the actions ...JUST YET?
    yes !
    I know you know I meant auctions.
    • Back to top
    jedi17
    jedi17
    jedi17
    Moderator
    Moderator


    Posts : 10738
    Join date : 2013-02-20
    • Post n°16

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Re: Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Post by jedi17 Wed 07 Dec 2016, 9:31 pm

    I think the main part here, or should i say the important part here is to LIBERALIZE their currency.  Other countries have done it recently and a quick google search will show you why it is important
    • Back to top
    Pinoy10
    Pinoy10
    Pinoy10
    Dedicated Investor
    Dedicated Investor


    Posts : 218
    Join date : 2012-12-19
    • Post n°17

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Re: Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Post by Pinoy10 Thu 08 Dec 2016, 12:05 am

    jedi17 wrote:I think the main part here, or should i say the important part here is to LIBERALIZE their currency.  Other countries have done it recently and a quick google search will show you why it is important
    "Thus, liberalization in short is "the removal of controls" in order to encourage [You must be registered and logged in to see this link.]."
    • Back to top
    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280306
    Join date : 2012-12-21
    • Post n°18

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Banker: Uninstall window selling currencies would collapse the whole Iraqi financial situation

    Post by Rocky Thu 08 Dec 2016, 5:48 am

    Banker: Uninstall window selling currencies would collapse the whole Iraqi financial situation




    12/07/16

    Baghdad – the journal news

    Iraqi Central Bank Governor stressed the relationship to stop selling through window selling currencies in the Bank would lead to the collapse of the Iraqi dinar and the financial situation in Iraq generally.

    Alak said in a statement on the sidelines of the annual Conference of the Arabic Bank Union held in Beirut that the Central Bank is obliged to do the job, and if I refrain from this role because the financial situation collapsed across Iraq. "

    "The Bank Governor said selling window loaghlkna to become per dollar exchange rate between three and four thousand dinars, and maybe more.

    The Governor noted that "If you have to cancel your current currency window printing trillions of aldnaneralarakih annually to cover local demand for the dinar, which will lead to Iraqi anhiaralamlh due to inflation, or excessive cash."

    Asked about prospects for Iraqi dinar to float, like other countries in the region, said the relationship "this command is not applicable in the current situation, we are not currency float, and the big difference between the two.

    He denied the relationship having its auction at the Central Bank, but foreign currency sale window confirming that the intermediary between the Finance Ministry and Central among the public.

    He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar.

    [You must be registered and logged in to see this link.]
    • Back to top
    Sponsored content

    Sponsored content


    • Post n°19

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra - Page 2 Empty Re: Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange ra

    Post by Sponsored content

    • Back to top
      Current date/time is Tue 05 Nov 2024, 5:47 pm