Economist for / NINA /: Adjusting the exchange rate .. Strengthening the credit position of the Central Bank
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Economist for / NINA /: Adjusting the exchange rate .. Strengthening the credit position of the Central Bank
by RamblerNash Tue Aug 03, 2021 9:44 pm
Tuesday 03, August 2021 13:07
Baghdad / NINA / - The economic expert, Hazem Hadi, confirmed that: The exchange rate adjustment .. strengthening the credit position of the Central Bank.
He told the National Iraqi News Agency ( NINA ) that: One of the reasons for adjusting the exchange rate is to increase resources, reduce the import of luxury goods, create a good reserve for the Central Bank and strengthen its credit position.
Hadi added that: the amendment is to enhance the ability of the Central Bank to fulfill its obligations and try to put pressure on the deficit in the balance of payments, correct its course, and create investment opportunities for the private sector.
He explained that: this increase in resources does not cover the budget deficit completely, indicating that the fiscal and monetary policy requires maintaining the exchange rate at its current position because any change in the exchange rate will confuse the economic situation.
Oil prices, especially the price of Basra oil, witnessed a remarkable improvement during the last period, exceeding $70, which will bridge the budget deficit and raise the level of the economic and financial sector in the country./End 3
https://ninanews.com/Website/News/Details?key=919315
RamblerNash- GURU HUNTER
- Posts : 24064
Join date : 2015-02-19 
Similar topics» Parliamentary Finance
» Economist: Central Bank’s lack of confidence leads to the fluctuation of the exchange rate of the dinar against foreign currency
» Economist for / NINA /: The current exchange rate is important for maintaining foreign reserves
» An economist for / NINA / The rise in the exchange rate of the dollar ... is expected within the paragraphs of the white paper
» An economist for Nina: The current exchange rate is exaggerated, and returning to its previous price is very difficult
» Economist: Central Bank’s lack of confidence leads to the fluctuation of the exchange rate of the dinar against foreign currency
» Economist for / NINA /: The current exchange rate is important for maintaining foreign reserves
» An economist for / NINA / The rise in the exchange rate of the dollar ... is expected within the paragraphs of the white paper
» An economist for Nina: The current exchange rate is exaggerated, and returning to its previous price is very difficult
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Textbook Tony
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad
» CBI sold +3$ billion in forex in May
» Finance agrees with the World Bank to help Iraq by activating the General Authority for Taxes
» Central Bank Governor: The Iraqi banking sector is witnessing development and openness to the outside
» The Central Bank prevents Visa and Master card holders from giving them to any party