CBI announces its intention to take decisions in order to achieve stability of the exchange rates of foreign currencies
Posted: March 14, 2013 in Iraqi Dinar/Politics
Tags: Board of Directors, Central bank, Central Bank Iraq, Currency, Economy of Iraq, exchange rate, Iraq, Iraqi dinar

Published on Thursday, March 14 / March 2013 12:48

CBI said, Thursday, he was in the process of implementing a number of decisions aimed at stabilizing the foreign currency exchange rates, stressing that responsible for maintaining this stability commensurate with concern for the stability of the dinar exchange rate according to data of the Iraqi economy.

The bank said in a statement obtained by “obelisk”, a copy of which he was “closely following the changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq regardless of the reasons for these changes and sources and intentions manipulated, the Bank remains is responsible for stability and commensurate with concern for the stability of the dinar exchange rate according to the data of the Iraqi economy. “

He Bank to as “the process of implementing a number of decisions taken by the Board of Directors, which aims to achieve this stability,” adding that resort to making these decisions comes “in order not exposed stakeholders real and legitimate business investors to damage can cause بنشاطهم economic by the expected change of prices for what is prevalent in the past few days. “

Experiencing the Iraqi market since the fluctuation in the exchange rate of the Iraqi dinar against the U.S. dollar, recording an increase on the price set by the Central Bank of Iraq, while Economists attributed the rise in the price of the dollar against the dinar to the increasing demand for it.

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CBI announces new decision to reduce exchange rate of foreign currency in Iraq
Posted: March 14, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Currency, exchange rate, Foreign exchange market, Iraq, Iraqi dinar, Monetary policy

CBI announces near new decisions to reduce the high rate of foreign currencies

Iraqi Central Bank announced on Thursday that it was taking a number of new decisions that will change the exchange rate of foreign currencies against the Iraqi dinar and thereby contributing to its stability in the currency market.

The bank said in a press statement received / Baghdadiya News / copy of “Central Bank and after follow-up floury to the high exchange rate of foreign currency in the secondary markets in Iraq, tends to take many new decisions to maintain the stability of the exchange rate of these currencies in the market.”

The bank said that “the announcement of the near making these decisions by the Bank comes to warn dealers to trade currency, investors and men for taking Ahitatathm to the Aatatroa this change in the exchange rate.” Adding that “the exchange rate change would be different from the current prevailing prices of foreign currency against the Iraqi dinar.”

The price of foreign currency, especially the dollar has witnessed over the past period a remarkable increase in secondary markets as a result of monetary policy the current government and economic instability in the country

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Economist: CBI demands to ease the sale opf hard currency measures to suport the exchange rate of the dinar
Posted: March 14, 2013 in Iraqi Dinar/Politics
Tags: Basra, Central bank, Currency, exchange rate, Hard currency, Iraqi dinar, News agency, United States dollar

March 14, 2013 12:06 Last updated: 14 Mar 2013 12:06

Refer economist Salim al-Daini, reasons to increase the price of the dollar against the dinar to the measures taken by the central bank in the process of selling hard currency, calling it a complex procedure and is supportive of the Iraqi dinar.

said Daini (of the Agency news): The central bank is responsible for rate cut Iraqi dinar exchange against the U.S. dollar, because of its procedures complex sell hard currency in the auction.

added: should alleviate the checks and routine procedures in the bank auction specialist for the sale of hard currency, to allow for the greatest possible number of banks and companies buy currency and supplied in the market, and not restricted to hand certain other without.

pointed out: the new regulations issued by the central bank to prevent a lot of banking companies to obtain hard currency there ماجعل increasing demand to buy the dollar in the market, which led to increase its price.

Alternate translation
Economists: Central Bank demands to ease the sale of hard currency to support the dinar exchange rate
14 March 2013 12: 06 pm Last update: 14 Mar 13 12: 06 pm

Return the Economist Salim Al-daini, the reasons for the increase in the dollar exchange rate for the dinar to the actions taken by the Central Bank in the process of selling hard currency, describing it as cumbersome and non-supportive of the Iraqi dinar.

He said Al-daini (News Agency): the Central Bank has a responsibility to reduce the Iraqi dinar exchange rate against the US dollar, due to the complex procedures for the sale of hard currency in Basra.

He added: we must reduce routine controls and procedures in the auction Bank to sell hard currency, to allow for the largest possible number of banks and companies purchase currencies and available in the market, and not restricted to a particular hand.

He noted: the new regulations issued by the Central Bank to prevent a lot of companies get hard currency banking leaving there is growing demand for buying the dollar on the market, leading to greater price.

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