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Dinar Updates Monday AM Chat 9-19-16 Part 1 of 2
Pablo says():Let's hope that reducing the exchange rate means a big reduction.
1bobby says():Parliamentary Finance demanding the central bank to intervene "urgently" to reduce dollar exchange rate
BAGHDAD / tomorrow Press: Parliamentary Finance Committee called on Monday, the Iraqi Central Bank, to immediately intervene to reduce the dinar exchange rate against the dollar, while confirming that the dollar reached significant levels, she pointed out that this increase is exploited for certain users and vulnerable souls.
A member of the Commission, the pros Hamadoun, for "tomorrow's Press," "The Iraqi market has seen since the first day of the Feast So far, a rise in the dollar's exchange rate against the dinar and reached significant levels," pointing out that "this rally began exploited by weak-minded people to influence on the market. "
Hamadoun added, "The only affected by this rise is a citizen, so there must be a quick intervention by the Central Bank as the regulator of banks and exchange companies and financial conversion, to put restrictions and strict penalties for violators."
The show, "The committee monitors the rise cautiously and being in constant contact with the concerned authorities to find out why and stand on the resolution, fast and not through statements only."
1bobby says():Hope that's it
Holly1 says to 1bobby():I LIKE THIS ...... fast and not through statements only."
Holly1 says to 1bobby():Parliamentary Finance demanding the central bank to intervene "urgently" to reduce dollar exchange rate
Holly1 says to 1bobby():(F)
1bobby says():Will be interesting after the hoiliday and Abadi returning from NYC
1bobby says():Almost like we're at the breaking point :)
Holly1 says to 1bobby():NO I THINK IMO.....IRAQ IS AT A BREAKING POINT .... (v)
1bobby says to Holly1():100%
clay says to 1bobby():GM :)
1bobby says to clay():GM Hope you and yours had a great weekend
clay says to 1bobby():thanks :) back at ya
1bobby says():Parliamentary Finance ruled out the involvement of the central bank height of dollar
Views 71 Date 19/09/2016 - 17:59 Economy News / special
Finance Committee ruled out Iraqi central bank is involved in the rise of the dollar these days.
He said the Commission decision of Hama Rashid Ahmed said in an interview for "Economy News", the rise recorded by the stock exchange in the exchange companies and markets have confused the market, warning of its expansion to higher levels.
Rashid said that the central bank is trying to dominate the market and to the Iraqi dinar in recent procedures for banks and companies money transfer, which is not involved height of the dollar, which means that he is not deliberately to raise the price of the dollar against the dinar, but there are mafias working on it.
Rashid demanded the Iraqi Central Bank to more caution and attention to such attempts and focus on measures and implement a diaper on the market and not to slouch dinar losing heavily against the dollar.
And saw the foreign exchange markets in Iraq, for almost a week, up to the price of the dollar against the Iraqi dinar in which the $ 100 category amounted to 129,500 dinars. AJ
Read More http://www.dinarupdates.com/showthread.php?41195-Parliamentary-Finance-ruled-out-the-involvement-of-the-central-bank-height-of-dollar
1bobby says():From MadScout
david334 says():Isn't the $ strength being attributed to the EID holiday and the $3,000 exchange limit. Seems as long as there is an auction mechanism manipulation will continue.
david334 says():If you look at Vietnam the country is booming, foriegn direct investment booming, credit ratings on banks going up , non performing loansdown big but the currency is lower than the dinar. Best metrics of any country and the currency is worthless so I dont understand anything.
rcookie says():Gold ingot weighing a kg
Iraq ranks 37th worldwide gold reserves to 89.9 tons
Author: AB Editor: AB 19/09/2016 15:15 Number of Views: 397
Long-Presse / Baghdad It announced the World Gold Council on Monday that Iraq was ranked 37th by gold reserves of 100 state reserves amounted to 89.9 tons, and as revealed that the proportion of its gold reserves in terms of 7.1% of its reserves of foreign currency, he pointed out that Iraq did not buy gold since April from 2014 in which 15.16 tonnes bought.
World Gold Council said in a statement reported by his website and I followed (the long-Presse), said that "Iraq's reserves of gold remained stable and did not change, reaching 89.9 tons," pointing out that "this amount represents 7.1% of its reserves of foreign currency, after it had been represented 4.6% during the month of January. "
He said the Council, that "Iraq did not buy gold since last buy him in April 2014 in which 15.16 tonnes bought," noting that "Iraq was ranked 37 out of 100 countries possess reserves of gold have been included within the global central bank reserve report."
The World Gold Council revealed, in January 2016, that Iraq had gold reserves of 89.8 tons, slipping from 2014, during which amounted to about 90 tons, and as he emphasized that it represents 4.6% of its reserves of foreign currency, pointed out that Iraq ranks 37th among the 100 countries that possess reserves of gold.
The Central Bank of Iraq, announced in April 2014, the arrival of gold reserves to 90 tonnes to support the value of the Iraqi dinar, noting that it contributes to the strengthening of the national economy.
The Central Bank of Iraq, announced in March 2014, to buy 36 tons of pure gold to raise its capacity backup, he returned it aims to achieve "the highest safety of the financial" for Iraq in the world.
david334 says():Wonder why gold funds are seeing big redemptions?
david334 says():4.6% of FX reserves which are $53 billion. doesn't add up.
rcookie says():Central: Baghdad card giants Wi Kate prior to the non - payment cards are licensed
The central bank denies ads social networking granting new licenses for credit card
economic Number of readings: 7 19/09/2016 14:23 National Center Brief / denied the central bank, on Monday, granting licenses to two private companies to issue a credit card.
The bank said in a statement that "the ads calling communication and social and private export credit cards locations and subsidiaries of the two [IGATE, Baghdad Card] as unlicensed.
He added that "these two companies have not advanced any rudiments for the purpose of obtaining a work permit from us, explaining that" any company granted a license to engage in this work is published details on the official website of the Central Bank of Iraq.
Some social networking sites launched a special export prepaid cards announcements [credit] and part of my company [IGATE, Baghdad Card].
BobG says():Morning Peeps
rcookie says():Nassif: Zebari , following in the footsteps Khalid al - Obeidi , the article and the withdrawal of confidence with him is imminent
header Saudi Foreign Minister: Tehran was involved in several terrorist operations around the world header International Alliance of arming the two brigades of the Peshmerga in preparation for the Liberation of Hawija header Turkish jets bombed PKK positions near Amadiyah northern Iraq header Yıldırım:
Turkey is not Iraq or Syria and the PKK Kurdish people hurt more than others header Central: Baghdad card giants Wi Kate prior to the non - payment cards are licensed header Qaddo criticizes exacerbate differences and the desire of some power and uniqueness of Mosul 's population languishing under the weight of Daesh header Daini for "Tigris":
an armed group threatening the people of Balad Ruz front sight of security forces header Muqdadiyah Council postpones election of a new Mayor for lack of a quorum session header Bloc citizens:
the Kurdistan Democratic Party put pressure on some of the blocks to change its own toward Zebari header Sire:
There is pressure put on some lawmakers to change their convictions and past Parliament procedures to withdraw confidence
Nassif: Zebari , following in the footsteps Khalid al - Obeidi , the article and the withdrawal of confidence with him is imminent
Nassif: Zebari , following in the footsteps Khalid al - Obeidi , the article ...
19-09-2016 02:36 PM Said MP from the Front reform high Nassif said Finance Minister Hoshyar Zebari, following in the footsteps Khaled al-Obeidi article.
Nassif explained that the Kurdistan Democratic Party leads the new alliances in order to obstruct the withdrawal of confidence from Zebari, denying the existence of any legal provision authorizing the re-vote on the conviction of the minister or not.
She Nassif that the withdrawal of confidence from Zebari is imminent and that the House of Representatives in the past interrogate all the ministers for negligence when the files is completed interrogating them, regardless of their addresses.