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 Central bank: we catch the exchange rate at 1190 dinars to the dollar / 1.18?

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glasshalffull
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PostSubject: Central bank: we catch the exchange rate at 1190 dinars to the dollar / 1.18?   Fri Oct 05, 2012 6:29 am

News Views: 716

Thursday, October 04, 1 / Okrudolf 2012 11:29



Central bank: we catch the exchange rate at 1190 dinars to the dollar
Baghdad - where]

The Central Bank of Iraq the stability of the dollar in the currency market, noting that the price of the dinar "saw a clear improvement as a result of stability."

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told all of Iraq [where], said on Thursday that "the central bank action to adjust the price of the dollar against the dinar, at 1.18 or 1.19," Mushir that "all banking offices accounted for [5 percent] of traffic demand for the dollar. "
He added that "the biggest movement of demand for the dollar are transfers for foreign trade financing of Iraq's imports."

He pointed out that "all small and big money is going according to the anti-money laundering law, which is currently in force, and through which we can discover anything contrary to the law, and he needs to pay its best form."

The Iraqi dinar exchange rate has witnessed volatile noticeable against the dollar earlier, reaching its price to 1300 dinars to the dollar, while the price under auctions CBI daily 1166 dinars to the dollar, an increase of 134 dinars per dollar, which is equivalent to an increase of approximately 11% for its official rate.

The Central Bank Governor Sinan al-Shabibi has attributed this volatility after meeting with House Speaker Osama Nujaifi to weak domestic output and lack of exports from Iraq [except oil] and the weakness of government measures to attract capital to Iraq, as well as the political situation tense internally and regionally, and the economic blockade suffer from some neighboring countries, in reference to Syria and Iran, has been the formation of governmental committees to determine the reasons behind the decline of the Iraqi dinar against the dollar.
http://translate.google.com/translate?hl=en&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&sl=ar&twu=1&u=http://www.alliraqnews.com/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D21089:2011-12-13-11-52-05%26catid%3D37:2011-04-08-17-25-57%26Itemid%3D56



soooo this explains the 1.18 being tossed around with the gurus........take something from an article and declare it done? either way, I do like this comment
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PostSubject: Re: Central bank: we catch the exchange rate at 1190 dinars to the dollar / 1.18?   Fri Oct 05, 2012 7:37 am

There is a version of this out a couple of days ago that didn't have the 1190 part. I was thinking it must be a mistranslation of some sort, that appears to be correct.

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PostSubject: Re: Central bank: we catch the exchange rate at 1190 dinars to the dollar / 1.18?   Fri Oct 05, 2012 10:01 am

Kevind53- That was a mis-print- The dinar is at 1166 at this time, not the $1.18, or $1.19 that was mentioned- Someone else trying to 'hype ' it up again, I guess-1166 dinar= $1.00-Smile
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PostSubject: Re: Central bank: we catch the exchange rate at 1190 dinars to the dollar / 1.18?   Fri Oct 05, 2012 12:25 pm

Expert: raise the quota of the dollar exchange rate in the banks means the success of central bank policy and exchange rate stability

Date: 10/05/2012 08:43:34 Friday

Baghdad (news) .. Attributed the economic expert Manaf Al Sayegh, the reasons for the recent actions of the Central Bank to raise (Kuta) Prices of Iraqi banks for the currency, to stabilize the exchange rate of the dinar against the dollar.
Said Sayegh (of the Agency news): The Central Bank to establish new procedures raise quota prices for the currency in Iraqi banks and make market currency market free as a result of the stability and balance of the dinar against the U.S. dollar in the local market, noting that the quota prices imposed on currency in banks previously when the price of the dollar against the dinar.

He added: that the central bank to impose restrictions on the sale of the currency in Iraqi banks when increased demand for the dollar and increased its value against the dinar, ماجعلها procedures achieved a successful balance in the currency.

Sayegh stressed: that the policy of the central bank reduced the difference between the price of the two currencies in the money market and the price of the currency at the Central Bank, adding that the exchange rate of the dinar against the dollar has become parallel and the percentage difference between the two estimates (2%).

He continued: to reduce the difference between the market price and the price of the bank to make a strong Iraqi dinar against the dollar, stressing that the coming period will see a level playing field between the dinar and the dollar.

Sayegh said: demand for the currency attack earlier prompting the central bank to restrict the display of foreign currency ceilings pricing and selling virtual currency in the banks to achieve a balance between the dinar and the dollar.


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PostSubject: Re: Central bank: we catch the exchange rate at 1190 dinars to the dollar / 1.18?   Fri Oct 05, 2012 3:47 pm

Yea, that's what I said, the the 1.18 or 1.19 must be a mistranslation ...

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PostSubject: Re: Central bank: we catch the exchange rate at 1190 dinars to the dollar / 1.18?   Fri Oct 05, 2012 7:20 pm

Oh well...back to reality. ask the 8
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PostSubject: Re: Central bank: we catch the exchange rate at 1190 dinars to the dollar / 1.18?   Fri Oct 05, 2012 8:51 pm

Reality? In this investment, what is that, exactly?
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