Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap

PAST NEWS BUT HAD TO READ IT AGAIN-The CBI Governor Issued a Statement about Iraqi Dinar Currency

Post new topic   Reply to topic

Go down

PAST NEWS BUT HAD TO READ IT AGAIN-The CBI Governor Issued a Statement about Iraqi Dinar Currency

Post by clyde b on Thu Jun 28, 2018 3:08 pm

The CBI Governor Issued a Statement about Iraqi Dinar Currency
6 months ago by Iraq123 News Comments Off on The CBI Governor Issued a Statement about Iraqi Dinar Currency
The Governor of the Iraqi Central Bank issued a statement that floating of the Iraqi dinar currency is very hard to implement as the monopoly of Iraqi government regarding the distribution of the U.S dollar and other foreign currencies in the country. The CBI Governor Ali Al-Alak said in a press interview that most oil producing and exporting countries rely on a fixed exchange rate or fixed according to flexibility. It doesn’t affect the mechanism of floating the currency and never happened in Iraq or other oil rich countries. He pointed out that the Egyptian Central Bank decided in November 2016 to float the pound and it has been considered a perfect step, but it was implemented too late. The Iraqi Central Bank took several measures to stabilize the financial and economic situation in the country. CBI also used perfect mechanisms in the prevention and removal of risks from the Iraqi financial sector. He added that it was due to the efficient implementation of the law in 2015 regarding fight against money laundering and financing terrorism.

The CBI Governor Issued a Statement about Iraqi Dinar CurrencyThe CBI Governor has confirmed that there are a number of objectives achieved, including strengthened sensible supervision, reliable payment systems, electronic payment systems for clearing and settlement operations. These steps were taken to regulate, manage and control banking operations in the country. The Governor of CBI also pointed out about the efforts of Iraqi federal government in achieving the concept of Financial Inclusion and its implementations. He added that its implementation delayed due to the financial and security instability in the country during the previous years. He said that the short-term plan objective is to deposit salaries of entire state employees in Iraqi banks. It would empower the base of customers and at least 3 million people will get benefits. It is important that the Rasheed bank announced on 24th December that its doors will be closed on Monday 25th December 2017 to Tuesday 2nd January 2018.

clyde b
Forum Fanatic
Forum Fanatic

Posts : 157
Join date : 2018-04-16

View user profile

Back to top Go down

Back to top

Permissions in this forum:
You can reply to topics in this forum