May 18, 2012

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* Directed at the central bank to sell the dollar in cash to citizens

May 18, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/18sFmq1Aw68/

Source confirmed the central bank declined to be named, the existence of a new mechanism into consultation after the sale of dollar exchange to the citizen at auction plus 10 dinars to break the barrier of monopoly by companies registered at the Central Bank.

The source indicated that “this procedure Hoa to sell the dollar sold at auction as the Central Bank of 10 dinars plus the World Bank commission and the rise of what is happening because of raising the price of the dollar against Iraqi dinar by companies registered with the bank.

The source added, “the bank will sell the same thing every day selling $ 200 million in remittances each in cash and the remainder by the major government banks. “

The price of the dollar reached to 1300 dinars per dollar, one because of what the Central Bank of the procedures for sale only to companies and banks have registered

LINK

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Filed Under Dinar Daddy Tidbits Tagged With Bank, cash, Central, citizens, directed, dollar, Sell

* Offers to buy the dollar at an auction in the Central Bank of the top five times the volume of sales

May 17, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/wHSzIJSzFJQ/

BAGHDAD / JD in progress shareholders are authorized to enter the auction sale of the dollar of the Central Bank of Iraq offers to buy more than $ 265 million, but only that the central bank sold $ 55 million only.

She agency (JD), the economic details of the session last auction this week on Thursday, with the opening of bids for the sale and purchase of dollar daily seventh and thirty-two thousand for buying and selling foreign currency at the Central Bank of Iraq, and reached the number of banks contribute to the auction 18, either the basic price, which anchored by selling dinars / USD 1166, and the amount sold by the Bank at the price advertised (055,000,265).

While the total purchase offers (USD) (000 055 265) There was no sale offers by shareholders. The price of the sale of remittances (1179) JD / dollar, including the central bank and a commission of $ (13) dinars per dollar.

The cash sales price (1179) JD / dollar, including the central bank and a commission of $ (13) dinars per dollar.

And the quantity sold in cash of $ (3,650,000) dollars and quantity sold amount of remittances (405,000,261) $ 0 and shall receive a central bank commission of (13) dinars per dollar on the amounts purchased that is to say: – the purchase price of the dollar cash = (sale price of the dollar cash – 8 ).

The central bank announced at the conclusion of the meeting continue to sell and buy the dollar and the price (1166) and receive the same commissions mentioned above.

LINK

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Filed Under Dinar Daddy Tidbits Tagged With Auction, Bank, Central, dollar, five, offers, Sales, Times, volume

* World Bank: There is a plan to restructure the banking Rafidain and Rasheed

May 17, 2012 1 Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/BMxJUhkuYVk/

Helen Maria confirmed the Special Representative of the World Bank, “The strategic relationship with Iraq will be extended from 2012 until the year 2016.” Indicating that “this strategy is not only in Iraq but in several countries.”

Said Helen during her visit to Muthanna province today, “There are agreements and negotiations with the central government to identify the joints and the details of this strategy.” Noting that “the World Bank will consider the special nature of this country in order to identify important points about this strategy.” Afterthought, “but in general.”

She added that “this strategy will emphasize topics the development of macro-economic growth and development as well as issues relating to capacity-building and transparency and the fight against corruption and other ways to promote a strong economy for this country.” Noting that “the Bank is trying to help create an environment that provides job opportunities and eliminate unemployment and a focus on the youth. “noting that” many young people are eligible to enter the Iraqi market. “

Revealed Helen that “there is a plan to restructure the Rafidain and Rasheed to contribute to the creation of financial and banking sector better in Iraq contributes to the promotion of investment and provide an ideal environment.” Afterthought “should there be a banking sector active in Iraq, but we Ntanaj to cooperation by the party return. “

On the issue of deletion of zeros from the currency “I think that this may have been in Turkey and will not have any effect, either positive or negative.”, Adding: “But if what has been implemented correctly and I mean here properly is to keep the same purchasing power of the currency after deletion of zeros if there was a thousand dinars, and after deletion of zeros has become a must for this dinars dinar to have the same purchasing power of one thousand dinars.

LINK

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Filed Under Dinar Daddy Tidbits Tagged With Bank, banking, Plan, Rafidain, Rasheed, restructure, there, World

* The central bank ruled out the return of the dinar to its natural position due to increased demand for the dollar

May 16, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/EHUt8_RW-1Y/

Ruled out the Central Bank of Iraq return dinar to normal, due to increased demand on the dollar.

Deputy Governor of Bank of the appearance of Mohammed Saleh, said that “the average central bank sales of foreign currency amounted to (200) million and the volume of demand to buy an estimated half a billion dollars.”

said “The demand for the dollar auction the central bank is increasing every day without knowing why, the volume of demand for dollar estimated half a billion dollars and the average sales of the central (200) million dollars.”

He said, “This will make the Iraqi dinar is unable to restore normal, except in the case of government control over the amount of money that comes out of the difficult country. “

LINK

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Filed Under Dinar Daddy Tidbits Tagged With Bank, Central, Demand, dinar, dollar, increased, Natural, position, return, ruled

* Petersma (A Bank Prospective): 3sintel 5/16/12

May 16, 2012 1 Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/m0YtjcV_OYA/

[~PETERSMA] My 2 cents. As a bank employee I see ‘the calls’ this way.

#1 Customers calling in have nothing to do with interrupting rate change operations. The calls go to customer support centers or to branches, both of which are completely separated from anything to do with a rate change.

#2 Customers calling in can and do irritate bank staff when there’s nothing they can do to help the customer AND they are required to answer their phones.

#3 It is entirely possible that banks that may have ‘underestimated’ public response to Dinar changes may freak out and request more time to review their procedures to prepare for an ‘onslaught’ of customers that may not happen.

Bottom line No Need to Call Banks, it just irritates people and may make your exchange process ‘less pleasant’ if they recognize your name as an ‘irritant’.

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Filed Under Dinar Daddy Tidbits Tagged With 3sIntel, 5/16/12, Bank, Petersma, Prospective

* Deputy Governor of Central Bank: the dinar will not recover until after the leak check of the hard currency outside

May 16, 2012 1 Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/MqX-9h6OK-k/

On: Wednesday 05/16/2012 12:32

Baghdad (news) .. Ruled out the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the return of Iraqi dinar to normal, due to increased demand on the dollar, noting that the average central bank sales of foreign currency amounted to (200) million and the volume of demand to buy an estimated half a billion dollars. 
Saleh added ( Agency news) on Wednesday: The demand to buy the dollar from an auction the central bank is increasing every day without knowing why, the volume of demand for dollar estimated half a billion dollars and the average sales of the central (200) million, which will make the Iraqi dinar is unable to…Read More: [LINK]

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Filed Under Dinar Daddy Tidbits Tagged With After, Bank, Central, check, currency, Deputy, dinar, Governor, hard, leak, outside, recover, until

* The central bank continues to project delete the zeros is not entitled to the Council of Ministers suspended

May 16, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/4_raJ8Kp1hw/

08:15:15 / 05/2012

A member of the Committee Deputy for the Iraqi List Jaber Al Jabri told the site “Khandan”: that the Central Bank of the rest of his work to delete the zeros of the Iraqi dinar currency….Read More: [LINK]

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Filed Under Dinar Daddy Tidbits Tagged With Bank, Central, continues, Council, Delete, entitled, Ministers, Project, suspended, zeros

* (Bank Story): PTR 5/15/12

May 15, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/XweJ18dhenM/

Bank Story – For What It’s Worth Never thought I’d post a bank story, but here goes – take it for what it’s worth.

We cashed out another asset last week to tide us over until “the big one.” The bank (one of the big four) said the funds would post at midnight on Monday night. She checked on-line this morning (Tuesday) and it hadn’t posted.

She couldn’t connect to our advisor via phone so she went to the branch to find out why. Another banker told her the computers had been down all morning and had just come back up. He also said that all the banks on that street (3 of the “big four”) had their computers down all morning and they had just come back up and that it hadn’t been a power problem.

This wasn’t our regular banker, but we used him to set up a non-interest-bearing account last week. This morning he asked why we opened another account when we already had 4. My wife said that we were hoping for a substantial investment to mature and that we needed a non-interest-bearing account for temporary unlimited FDIC coverage under the Dodd-Frank act.

He asked what the investment was and my wife declined to tell him. He said, “Bet I can guess…dinar?” He DIDN’T give the “it’s a scam” speech. He said that he’d been hearing about dinar a lot lately. Hopefully he was hearing about it in bank training sessions.

Filed Under Dinar Daddy Tidbits Tagged With 5/15/12, Bank, Story

* (Bank Story): Intel4u 5/15/12

May 15, 2012 2 Comments

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/l3xxakkydSQ/

3:36 PM [ploganea] I was at my WF. It is a small bank. The tellers have been into dinar for close to a year. So, just teasing, I handed her a dinar and asked her to cash it.

3:37 PM [ploganea] She laughed and said, I wish. She asked what I had heard on the computer and I told her. Then she told me that WF used to always say “we don’t handle IQD and don’t plan to in the future.” They are not supposed to say that any more!

3:37 PM [Serendipity] ploganea What did she do/ sa?

3:38 PM [ploganea] She said that the employees were not supposed to be negative about IQD. Now this is a little WF, just 3 employees. They are closing the branch in June but are upgrading the software soon. She didn’t know when.

3:38 PM [ploganea] She and I said it seems pretty funny to upgrade software on a branch that is going to close.

3:39 PM [ploganea] peaches105 The teller and I agreed that we can actually see movement forward and that is a good thing.

3:41 PM [ploganea] justchecking I think she said they were just to indicate that they will trade IQD when it becomes a tradeable currency. She and I were both pretty excited. I think I really threw her handing her the dinar.

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Filed Under Dinar Daddy Tidbits Tagged With 5/15/12, Bank, Intel4u, Story

* Central Bank calls for the formation of a joint coordination committee to resolve the problem of deletion of zeros

May 15, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/5yBBhTm0Zsg/

05/15/2012

BAGHDAD / JD / .. called on the Iraqi Central Bank to set up a joint coordination committee of the parliament and the government to resolve the issue of the project to delete the zeros of the Iraqi dinar currency. The deputy governor of Bank of the appearance of Mohammed to the reporter and the agency / JD / delete the zeros that the draft project is a radical change includes modification of accounting systems for all aspects of the state and is not easy. He added that the main problem in the delay of the project lies in the fear of many officials of the project, noting that….Read More: [LINK]

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Filed Under Dinar Daddy Tidbits Tagged With Bank, calls, Central, Committee, Coordination, deletion, formation, Joint, problem, resolve, zeros
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