Poppy3 - NO FLOAT!!! 1/9/18
Page 1 of 1
Poppy3 - NO FLOAT!!! 1/9/18

Dan Bloodworth
Central Bank: It Is Difficult To Apply Dinar Float In Iraq
By Rami On Dec 24, 2017
The governor of the Central Bank, Ali al-Alaq, that floating the dinar is difficult to apply in Iraq because the government monopolizes the dollar, indicating that the reserves of Iraq is 48 billion US dollars.
Al-Alak said in an interview with Al-Arabi African newspaper that “the oil countries usually rely on a fixed exchange rate, or fixed with flexibility, and do not resort to the float method, unless their reserves are controlled to a level that is insufficient, which did not happen either in Iraq or countries “Noting that” floating is difficult to apply in Iraq, considering that the government monopoly, de facto, the offer of the dollar and foreign currencies. ”
He added that “Iraq’s reserve of the dollar is 48 billion US dollars.”
He pointed out that “there is an understanding and coordination between the Central Bank and the government through the Ministry of Finance, and in this regard has formed a Higher Coordination Committee between the Ministry and the Central Bank; therefore, work together through the program of credit readiness with the IMF, as this program includes reforms and procedures related to Mainly economic, financial and monetary structures. ”
“At this stage, the Central Bank of Iraq is focused on achieving the concept of” financial inclusion “and its applications, where the circumstances of previous years did not help because of the security and financial instability, the Bank has developed a short-term and long-term plan to expand the application of this concept, That “the short-term plan aims to agree with the government to deposit salaries of all state employees in banks, which will add more than 3 million people to deal with banks, and long-term resettlement.”
Ssmith- GURU HUNTER
- Posts : 20038
Join date : 2012-04-10
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» The Minister of Planning announces the start of the practical measures to form the Iraqi Private Sector Development Council
» Banks Are Reluctant To Buy Dollars In Cash From The Central Bank
» France announces its intention to establish strategic projects in Iraq
» Al-Kazemi confirms his support in applying electronic automation at border crossings and tightening control to control violations
» The Central Bank celebrates the anniversary of the establishment of the Basra branch
» The economic effects of devaluation of the currency exchange rate
» Iraqi national and foreign security discuss the regional openness of Iraq
» New Deputy Political Affairs and Electoral Assistance appointed for UNAMI in Iraq
» European scheme to break the "dominance of the dollar"
» Tomorrow .. The launch of the activities of the exhibition {Made in Iraq}
» The Council of Ministers sets the date for approving the biometric card, stating that it is documented
» Parliamentary Finance: To vote on the budget next week .. This is the fate of the salary deduction
» Parliament ends discussion of the 2021 draft budget
» American diplomat James Jeffrey: Trump's model will continue in Iraq and Syria
» Representative statement after fears of raising the exchange rate of the dollar against the dinar again - urgent
» US Election Outcome Jan. 20th and Beyond
» Benjamin bla bla blah Fulford - US Election Outcome Jan. 20th and Beyond
» Al-Kazemi acknowledges the "complicated" situation in Iraq and calls for a new page to be opened
» Parliamentary Finance confirms reading 40 articles from the budget and specifies a possible date for passing them
» Iraq is working to remove its name from the list of money laundering and terrorist financing and its foreign affairs clarify the procedures
» Deleting zeros or printing a new category? .. The Iraqi government's options to save the dinar from collapse
» Iraq: revenues for a whole year are "hidden" and obstructed "the 2021 budget" with its "frightening deficit": the country will be flooded with new international loans!
» Representative economics submitted a proposal to the private sector after raising the price of the dollar
» The ports control the forging of an examination certificate for materials at Umm Qasr port
» Iraq participates in the Buna platform for inter-Arab payments
» Part of the activities of the Central Bank of Iraq during the year 2020
» The most important stations of "Desert Storm" ... 30 years since Saddam's invasion of Kuwait
» Al-Rafidain directs the continuation of the follow-up of the retrieval of the money of Basmajah loans
» An Iraqi bank announces that it has reached the highest credit rating in the country
» Parliamentary Finance confirms its intention to reduce total expenditures and maximize revenues in the 2021 budget
» Deputy: Submitting a parliamentary request to resolve the issue of customs tariffs on raw materials
» Oil Minister: Importing gas is indispensable
» The Iraqi judiciary responds to the Iranian Foreign Ministry regarding the arrest warrant against Trump
» KTFA Chat
» Militiaman.. update---The numbers after the second reading are very key..
» Judy says - Comptroller of Currency has informed all banks that the US dollar would revalue on Jan. 27 (No Dinar RV?) 1/14/21
» COFFEE WITH MARKZ - Video and Transcript -- Jan 14 2021
» FLEMING Report: Sudden Chinese decision shakes the corners of the entire world
» Currency365 VIDEO -- Footforward "Iran Blackout/Global Reset" Part 1