First topic message reminder :
3/1/2017 0:00
[rtl]BAGHDAD / Mustafa Hashimi
strengthening of the local currency is a national task they represent the sovereignty ofIraq and preservation of state stimuli represents a great responsibility lies with therelevant authorities in the light of a series of challenges taking place in the country.
Economic academic Dr. Essam Mahouelle called to be 2017 years to strengthen the dinar 's purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict foreign business dealings only in dollars.
And ways to revive the dinar and upgrade more than its value saw Mahouelle in an interview {Sabah »necessity of things , management of the country economic mentality and purely look long - term, along with the importance Quote economic experiences of states have passed similar circumstances to what Iraq is going through, as well as the reduction of trading the dollar in commercial transactions Interior to support the national currency.
Mahouelle be regulated by the Central Bank and coordination with economic authorities and relevant ministries confirmed role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local commerce for any reason whatsoever and counted only in foreign trade, indicating the importance that civil and government banks take measures that will strengthen the dealing in Iraqi dinar .
It is said that the sale price of the dollar on Monday amounted to 1310 dinars, ie 131 000 dinars, for a hundred dollars, while the total purchase price in 1300 dinars, ie 130 000 dinars, for a hundred dollars.
Mahouelle said that the decline in the value of the dinar against the dollar, in fact, began the war with Iran and the invasion of Kuwait, stressing that the policies of the former regime burned all the hopes of Iraqi economists to amend the path of the local economic situation and guide the country 's resources towards development.
He said, since the nineties of the last century and the days of international sanctions and the dollar dominates the local market transactions away from the dinar as a result of faulty economic policies pursued by the former regime.
He pointed out that when the prices of imported goods began to rise, Iraqis felt that the old price of the dinar against the dollar has fallen so much and began to think of what has become and find solutions to them.
The dollar exchange rate against the dinar has fluctuated between ascending and descending was reported in the nineties about 4000 dinars to the dollar, while the price has seen a gradual decline after 2003 to continue to decline to 1,200 dinars to the dollar in the last ten years, while he returned to rise again after the adoption of the budget in 2015 and forcing the Central Bank identifies sales of foreign currency in accordance with Article 50 of that year 's budget law.
Mahouelle explained that the International Monetary Fund and the post - World War II division of the world 's currencies to be and are non-transferable and was part of the Iraqi dinar currency is convertible.
He said the convertible currencies suitable for international settlements (ie to settle payments in foreign trade of the countries), has been preparing a list of those currencies represented currencies the victors in World War II, and did not include the Soviet bloc currencies at the time because of the approach is capitalist in the conduct of its economy and the economies of countries that fall under its control.
He said either the Iraqi currency was within the currency is convertible which can not be used for international settlements , but turning it into another currency, or to the dollar (Oogerh), and goes to Iraq to be paid the proceeds of the sale of oil to the US dollar and that the equivalent of the dinar to $ 3.32.
He said that Iraq, which reached a population of 8 million people, citizens did not know a dollar coin and Ashklh did not deliberate it within the borders of the country at all, as hard place to find a store, in that era, displays his goods are priced in dollars.
He Mahouelle at the conclusion of his speech that traders importers of goods (commercial / industrial / agricultural) were turning the dinar to the dollar when paying their price through banks, where the audience did not feel the importance of the US currency , but when traveling abroad and are turning to banks turned them dinar to the dollar and give them foreign currency in cash or travelers instruments after the central bank 's approval and under the foreign exchange law.[/rtl]
[rtl][You must be registered and logged in to see this link.][/rtl]
An invitation to support the dinar and the strengthening of its purchasing power
3/1/2017 0:00
[rtl]BAGHDAD / Mustafa Hashimi
strengthening of the local currency is a national task they represent the sovereignty ofIraq and preservation of state stimuli represents a great responsibility lies with therelevant authorities in the light of a series of challenges taking place in the country.
Economic academic Dr. Essam Mahouelle called to be 2017 years to strengthen the dinar 's purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict foreign business dealings only in dollars.
And ways to revive the dinar and upgrade more than its value saw Mahouelle in an interview {Sabah »necessity of things , management of the country economic mentality and purely look long - term, along with the importance Quote economic experiences of states have passed similar circumstances to what Iraq is going through, as well as the reduction of trading the dollar in commercial transactions Interior to support the national currency.
Mahouelle be regulated by the Central Bank and coordination with economic authorities and relevant ministries confirmed role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local commerce for any reason whatsoever and counted only in foreign trade, indicating the importance that civil and government banks take measures that will strengthen the dealing in Iraqi dinar .
It is said that the sale price of the dollar on Monday amounted to 1310 dinars, ie 131 000 dinars, for a hundred dollars, while the total purchase price in 1300 dinars, ie 130 000 dinars, for a hundred dollars.
Mahouelle said that the decline in the value of the dinar against the dollar, in fact, began the war with Iran and the invasion of Kuwait, stressing that the policies of the former regime burned all the hopes of Iraqi economists to amend the path of the local economic situation and guide the country 's resources towards development.
He said, since the nineties of the last century and the days of international sanctions and the dollar dominates the local market transactions away from the dinar as a result of faulty economic policies pursued by the former regime.
He pointed out that when the prices of imported goods began to rise, Iraqis felt that the old price of the dinar against the dollar has fallen so much and began to think of what has become and find solutions to them.
The dollar exchange rate against the dinar has fluctuated between ascending and descending was reported in the nineties about 4000 dinars to the dollar, while the price has seen a gradual decline after 2003 to continue to decline to 1,200 dinars to the dollar in the last ten years, while he returned to rise again after the adoption of the budget in 2015 and forcing the Central Bank identifies sales of foreign currency in accordance with Article 50 of that year 's budget law.
Mahouelle explained that the International Monetary Fund and the post - World War II division of the world 's currencies to be and are non-transferable and was part of the Iraqi dinar currency is convertible.
He said the convertible currencies suitable for international settlements (ie to settle payments in foreign trade of the countries), has been preparing a list of those currencies represented currencies the victors in World War II, and did not include the Soviet bloc currencies at the time because of the approach is capitalist in the conduct of its economy and the economies of countries that fall under its control.
He said either the Iraqi currency was within the currency is convertible which can not be used for international settlements , but turning it into another currency, or to the dollar (Oogerh), and goes to Iraq to be paid the proceeds of the sale of oil to the US dollar and that the equivalent of the dinar to $ 3.32.
He said that Iraq, which reached a population of 8 million people, citizens did not know a dollar coin and Ashklh did not deliberate it within the borders of the country at all, as hard place to find a store, in that era, displays his goods are priced in dollars.
He Mahouelle at the conclusion of his speech that traders importers of goods (commercial / industrial / agricultural) were turning the dinar to the dollar when paying their price through banks, where the audience did not feel the importance of the US currency , but when traveling abroad and are turning to banks turned them dinar to the dollar and give them foreign currency in cash or travelers instruments after the central bank 's approval and under the foreign exchange law.[/rtl]
[rtl][You must be registered and logged in to see this link.][/rtl]
Today at 5:10 am by Rocky
» Al-Kubaisi: Al-Halbousi has no choice but to support Al-Mashhadani for the presidency of Parliament
Today at 5:09 am by Rocky
» Coordination Framework Leader: Weakness in Cybersecurity Equals Danger of Terrorism
Today at 5:08 am by Rocky
» MP confirms proceeding with questioning the Minister of Transport
Today at 5:06 am by Rocky
» Parliamentary complaint against the Minister of Finance due to the delay in releasing allocations to
Today at 5:05 am by Rocky
» Document: Al-Sadr sues an Iraqi Foreign Ministry employee who refused to interrupt Netanyahu’s speec
Today at 5:03 am by Rocky
» Nechirvan Barzani discusses several issues with the Russian ambassador, including the Kurdistan elec
Today at 5:02 am by Rocky
» Al-Fartousi: There are no hazardous materials in Iraqi ports
Today at 5:00 am by Rocky
» Two rounds of licensing for oil and gas investment in the next phase
Today at 4:58 am by Rocky
» World Green Economy Summit Announces Program for 10th Session
Today at 4:57 am by Rocky
» Minister of Industry counts the number of profitable government companies: I do not support their pr
Today at 4:55 am by Rocky
» This is their value.. 9 American and Asian investment funds trade in the Iraqi market
Today at 4:54 am by Rocky
» Minister of Planning: We have moved forward to draw a new map of the population reality in Iraq
Today at 4:53 am by Rocky
» Completing the procedures for raising pensioners’ salaries in Iraq
Today at 4:52 am by Rocky
» Two new rounds of oil and gas investment
Today at 4:50 am by Rocky
» Start accepting service purchase requests
Today at 4:49 am by Rocky
» State Administration Coalition confirms unity of Iraqi position
Today at 4:47 am by Rocky
» Establishing 19 schools with international standards in Kirkuk
Today at 4:45 am by Rocky
» Decrease in illiteracy rates in the region
Today at 4:44 am by Rocky
» Purchase of service for insured workers for retirement purposes
Today at 4:43 am by Rocky
» Implementation of 6 major projects in the capital
Today at 4:41 am by Rocky
» Iraqi oil rebounds amid Middle East escalation
Today at 4:38 am by Rocky
» Baghdad Today publishes the names of those covered by income-generating loans in the Ministry of Lab
Today at 4:37 am by Rocky
» The crisis of fleeing the land of the cedars.. Kurdistan's eye on Lebanese investors, but! - Urgent
Today at 4:35 am by Rocky
» "Air Peak" Enters the Skies of Two US Forces Bases in Iraq
Today at 4:33 am by Rocky
» Revealing the number of citizens in the Hasabi project.. a different number to satisfy Baghdad
Today at 4:31 am by Rocky
» An expert reveals the reason for the fragility of the Iraqi market: Countries want imports to remain
Today at 4:30 am by Rocky
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
Today at 4:28 am by Rocky
» Expert proposes a single proposal to confront the decline in oil prices and issues a warning to prod
Today at 4:26 am by Rocky
» Head of Erbil Chamber of Commerce reveals steps to develop trade relations with Russia
Today at 4:24 am by Rocky
» In Al-Sudani’s office, the State Administration Coalition discusses “dangerous” developments in the
Today at 4:23 am by Rocky
» Maxim Malarjuk: Russia has made remarkable progress in the energy sector in the Kurdistan Region Sep
Today at 4:21 am by Rocky
» Kurdistan Region.. More than 5 thousand service projects at a cost exceeding 4 trillion dinars
Today at 4:20 am by Rocky
» Al-Awadi: The procedures for the withdrawal of coalition forces from Iraq began days ago
Today at 4:19 am by Rocky
» Civil Service Council denies transferring job applicants to the third phase
Today at 4:18 am by Rocky
» The Holidays Law does not include October 3 as an official holiday.
Today at 4:16 am by Rocky
» The first conference on human capital development in Iraq kicks off
Today at 4:15 am by Rocky
» Iraq confirms to Britain: The region faces serious challenges and a ceasefire must be reached
Today at 4:13 am by Rocky
» Al-Sudani gives 48 hours to identify those responsible for security breach in Baghdad
Today at 4:12 am by Rocky
» Government confirms the importance of continuing the work of the NATO mission in Iraq
Today at 4:09 am by Rocky
» Dollar exchange rates rise in Iraqi stock exchanges today
Today at 4:08 am by Rocky
» Full details of purchasing the service for insured workers for retirement calculation purposes
Today at 4:06 am by Rocky
» Expectations of Israeli strikes reaching Iraq
Today at 4:03 am by Rocky
» 16% during the current year.. Decrease in illiteracy rates in the Kurdistan Region
Today at 4:01 am by Rocky
» Good news for retirees.. What about their salaries?
Today at 4:00 am by Rocky
» utube 10/1/24 MM&C Iraq Dinar News - Iraqi Stock Exchange - Private Sector - Water - Infrastructure
Today at 3:53 am by Rocky
» utube 9/28/24 MM&C IQD Update News -Iraq PM - $83 Billion 3 Years - Stability - Global Contracts -
Yesterday at 7:21 am by Rocky
» MM&C 9/29/24 "THE EXPECTED PATH OF THE IRAQI ECONOMY"
Yesterday at 7:20 am by Rocky
» MM&C 9/29/24 What would happen to the Iraqi dinar if the zeros were removed? Comment by Dr. Mahmoud
Yesterday at 7:19 am by Rocky
» MM&C 9/29/24 What after the closure of the currency auction at the Central Bank of Iraq?
Yesterday at 7:18 am by Rocky
» Iraq doubles stock traders by 500%, US sanctions against banks will be lifted - Al-Haymas
Yesterday at 7:16 am by Rocky
» The Central Bank of Iraq discusses opening communication channels with the Spanish.. Al-Alaq meets w
Yesterday at 7:11 am by Rocky
» Central Bank Sells Over $263 Million in Auction Today
Yesterday at 7:09 am by Rocky
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
Yesterday at 7:07 am by Rocky
» The Central Bank determines the commission of exchange companies for selling the dollar
Yesterday at 7:05 am by Rocky
» House of Representatives amends tomorrow's session agenda
Yesterday at 7:03 am by Rocky
» Internal and external debts "exhaust" the Iraqi budget, and experts diagnose the reasons
Yesterday at 7:00 am by Rocky
» "One of the doors of corruption" .. Parliamentary Transportation Committee criticizes the food file
Yesterday at 6:58 am by Rocky
» House of Representatives amends agenda for tomorrow's session
Yesterday at 6:56 am by Rocky
» Interior: We have concluded more than 10 different contracts with the military industry
Yesterday at 6:50 am by Rocky
» Director of Iraqi Ports issues directives to Umm Qasr Port Management
Yesterday at 6:49 am by Rocky
» Drafting a draft law to regulate electronic payment
Yesterday at 6:47 am by Rocky
» Al-Sadiqoun to the Foreign Ministry: Why did the Iraqi representative to the United Nations not with
Yesterday at 6:44 am by Rocky
» Mr. Al-Hakim to the British Ambassador: The international community bears the responsibility to prev
Yesterday at 6:42 am by Rocky
» In detail.. Transport announces the completion of all sections of the five berths project within the
Yesterday at 6:40 am by Rocky
» Developing a new method for recycling plastic waste
Yesterday at 5:21 am by Rocky
» Popular movement criticizes the position of the Ministry of Foreign Affairs on what is happening in
Yesterday at 5:20 am by Rocky
» Parliamentary Committee Supports Imposing Collection Fees on Services
Yesterday at 5:19 am by Rocky
» Politician: Parliament presidency negotiations have been limited between Progress and the Framework
Yesterday at 5:18 am by Rocky
» Parliamentary Security announces its follow-up to the agreement with the coalition forces regarding
Yesterday at 5:17 am by Rocky
» MP: Our ability to combat airspace violations has tripled
Yesterday at 5:16 am by Rocky
» After the Baghdad-Washington agreement... fears of American evasion to continue the presence of its
Yesterday at 5:14 am by Rocky
» Governmental move to implement new infrastructure projects
Yesterday at 5:13 am by Rocky
» Iraqi Army Prepares.. High-Level Security Meeting to Confront "Any Emergency" (Video)
Yesterday at 5:11 am by Rocky
» Al-Haims expects lifting of "sanctions" on Iraqi banks: No violations proven
Yesterday at 5:08 am by Rocky
» With a length of 37 km.. Water Resources completes the dredging and purification of the Sabla dirt s
Yesterday at 5:07 am by Rocky
» Record high for house rents in Baghdad
Yesterday at 5:06 am by Rocky
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
Yesterday at 5:04 am by Rocky
» The presence of "explosive materials" in Iraqi ports raises controversy... What is happening?
Yesterday at 5:03 am by Rocky
» Iraq ranked 64th globally in the hunger index last year
Yesterday at 5:02 am by Rocky
» Law to regulate {electronic payment}
Yesterday at 5:00 am by Rocky
» New infrastructure projects
Yesterday at 5:00 am by Rocky
» Government Real Estate Statistics
Yesterday at 4:58 am by Rocky
» big goal
Yesterday at 4:57 am by Rocky
» The President of the Republic and the Prime Minister call for unifying ranks and words
Yesterday at 4:56 am by Rocky
» Government completes diplomatic action plan
Yesterday at 4:55 am by Rocky
» Completion of 11 industrial investment projects in Najaf
Yesterday at 4:54 am by Rocky
» {Service Government} has proven its effectiveness in word and deed.
Yesterday at 4:53 am by Rocky
» Al-Sudani discusses regional situation with EU representative
Yesterday at 4:51 am by Rocky
» Implementation of 50 service projects in Maysan
Yesterday at 4:50 am by Rocky
» Transport coordinates internationally to develop the performance of Iraqi Airways
Yesterday at 4:49 am by Rocky
» Parliamentary Education Committee expects {Sabah} to discuss the third round and critical grades pro
Yesterday at 4:48 am by Rocky
» Soon.. Opening of two strategic projects in Baghdad and Wasit
Yesterday at 4:47 am by Rocky
» Justice begins census of government properties
Yesterday at 4:46 am by Rocky
» Minister of Resources to {Al Sabah}: Giant projects will provide large quantities of water
Yesterday at 4:45 am by Rocky
» Ruling out early parliamentary elections... Mahmoud Othman: Kurds "still" support Al-Sudani's govern
Yesterday at 4:43 am by Rocky
» Among them is the Director of Nationality and Passports.. Lists of names of those included in the pr
Yesterday at 4:40 am by Rocky
» As if he bought them from a "slave market".. Arrest of a man accused of "buying" foreign female work
Yesterday at 4:38 am by Rocky
» Roads and Bridges Department: There are those who inflame public opinion and distort our achievement
Yesterday at 4:37 am by Rocky