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Central Bank: access to a fixed target price for the dollar DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central Bank: access to a fixed target price for the dollar

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Central Bank: access to a fixed target price for the dollar Empty Central Bank: access to a fixed target price for the dollar

Post by Ponee on Wed Apr 12, 2017 7:25 am

Central Bank: access to a fixed target price for the dollar Thumbnail.php?file=13_1_227561181_765712500

The Central Bank of Iraq on Tuesday that it aims to reach a steady and stable dollar prices, while noting that the boiling political and security risks leading to higher demand for the dollar, the currency confirmed that the sale is no alternative at the present time window.

The general director of financial operations at the bank, Mahmoud Mohammed told the newspaper "Al-Sabah" official and seen by / information /, "The dollar selling her window two sides first art is Sterilize monetary mass where the swap dollar amounts massive dinars resulting from the spending budget and debt", pointing out that "not to withdraw this amount from the markets, causing a massive rise in prices and this is the window under the monetary sterilization low financial level of the overall economy." 

He added that "their absence leads to a significant deterioration of the economy for my country from the technical side we did not find a viable alternative to give the dollar a window for sale."

Between Muhammad that "the other side is difference price and this is being focused on," noting that "the recent measures that began in February of this year could facilitate results and reduced exchange rates at the borders suit the central targets to reach a stable and fixed prices."

He pointed out that "political and security risks in Iraq, causing instability, which leads to higher demand for the dollar and convert real existing to the dollar," asserting that "the central bank continues to develop the electronic ones his tools in order to keep its goals as well as maintaining the Mtsuiat price is acceptable."

The Mohammed, that the "window under the current circumstances, there is no alternative," noting that "the problem that we suffer not exclusively borne by the window, but its border ports responsibilities in this important aspect."

He explained that "adjust the ports and match the amounts and the type of material with what goes to Iraq, leading to the end of the problems when you give ports declaratory entry in agreement with what the trader provided here can eliminate the problems." Finished / 25

Date: 04/11/2017 10:02
Dollar

Information / Baghdad.

http://almaalomah.info/2017/04/11/economic/146508

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Central Bank: access to a fixed target price for the dollar Empty Re: Central Bank: access to a fixed target price for the dollar

Post by Ponee on Wed Apr 12, 2017 7:28 am

Che central bank explains standards compliance for banks wishing to enter the currency auction



{Baghdad} Euphrates News media said the Iraqi Central Bank, steps degrees of standards compliance for banks wishing to enter the auction sale of foreign currency window.

The Information Office of the Central Bank Director, Acer Jabbar, in a statement the agency {Euphrates News} received a copy of it, that " the Central Bank of Iraq , the first review of the classification of participation in the sale and purchase of foreign currency window of banks and the importance of the degree obtained by the bank in the standard of compliance {compliance , anti - money laundering, risk}. " 


And between, that " the subject of compliance is the cornerstone to enter the sale and purchase of foreign currency window based on it should the bank to get a degree appropriate and convincing success for the Central Bank of Iraq , regardless of the other for the rest of the criteria scores and if the required degree and convincing standard of compliance for the central bank did not materialize can not the introduction of the bank window and based upon the subject of compliance must give high importance. " 


Jabbar said that " the banks that did not make the degree of success in the standard currently compliance, requires taking necessary to reach measures the level of success {more than 50% of the grade standard} During a month of Tarih this uncles, and in the case of failing to get that degree is stopped from entering the window until the correct conditions. " 


He stressed that "the banks need to continue to support and amendment procedures and policies of human own standard of compliance and resources, leading to a high level exceeding {65%} of the standard to ensure acceptance of classification of the bank and the continuity of its participation window in the next review {/2017}".anthy month of August

http://alforatnews.com/modules/news/article.php?storyid=141206

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Post by Ponee on Wed Apr 12, 2017 7:29 am

The central bank shows the steps grading standards compliance for banks



The Information Office of the Iraqi Central Bank director of Acer Jabbar explained that due to the Central Bank of Iraq for the first review of the classification of participation in the sale and purchase of foreign currency window of banks and the importance of the degree obtained by the bank in standard compliance (compliance, anti-money laundering, risk) we would like to show follows Jabbar in a statement received by the "economy News", a copy of it that the issue of compliance is the cornerstone to enter the sale and purchase of foreign currency window based on it should the bank to get a degree appropriate and convincing success for the Central Bank of Iraq, regardless of other grades for the rest of Almaia T If the required degree and convincing standard for compliance with the Central Bank did not materialize can not enter the bank window and based upon the subject of compliance must give high importance. Jabbar said that the banks that did not make the degree of success in the standard currently compliance, requires taking necessary to reach measures the level of success (more than 50% of the grade standard) and within one month of Tarih this uncles, and in the case of failing to get that degree is stopped for enter the window until they correct their positions. Jabbar stressed that the need to continue the support and amendment procedures and policies of human own standard of compliance and resource banks, down to a high level exceeding (65%) of the standard to ensure acceptance of classification of the bank and the continuity of its participation window in the next review (the month of August / 2017). is over


http://economy-news.net/content.php?id=7116

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