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

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* Central banks accused of fraud in the proportion of profits in hard currency

May 18, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/huG_5wfVSKw/

Central banks accused of fraud in the proportion of profits in hard currency

17-05-2012 11:55 AM

Accused the central bank, on Thursday, banks, except for good with ‘fraud’ on the rate of profit to sell hard currency specified by the Bank.

The deputy governor said the appearance of Mohammed that he was’ Unfortunately banks except Rasheed Bank does not charge the rate of profit given to it by the central selling currency difficult for consumers with a rate ten dinars per dollar. “….Read More: [LINK]

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* Accuse the central banks to “circumvent” the sale of hard currency

May 18, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/2CCnfdvdw8E/

Accused of Central Bank Rasheed Bank, except banks to “circumvent” the rate of profit on the sale of hard currency specified by the bank, noting that those banks turned to the final buyer and seller rather than a mediator between the central bank and the buyer of foreign currency.

The deputy governor of the Bank according to the appearance of Mohammed (Rn) that, alas, except banks, Rasheed Bank does not charge the rate of profit given to it by the central bank sells foreign currency for consumers with a rate of ten dinars per dollar. “

He added that the appearance of banks, rather than a link between the Central Bank of Iraq and the buyer turned to the final buyer and seller of a final and started to sell foreign currency at black market to consumers. “

He said bankers have tricks and twisting to get the monopoly commission does not care about the country’s economy, “noting that” the solution lies in providing adequate foreign currency market. “

And picked up local media reports about the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran on the border crossings which has not been confirmed by the CBI.

And subject its nuclear program by Iran and Syria as a result of popular protests to UN sanctions are harsh and markets both countries to an economic collapse because of poor cash flow of hard currency.

The main task of the central bank in maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector.

He acknowledged the existence of the Central Bank of imbalance in the exchange rate of the dinar and confirmed his quest to unify the exchange rate between him and the local markets while at the same time denied any
deterioration of the value of Iraqi dinar.

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* 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.

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* 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. “

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* 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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* 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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* 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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* Parliament deputy accused of being behind the failures of the Iraqi Central Bank

May 14, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/GeeQe3qsqFA/

 Baghdad / long accused the MP for the Iraqi bloc white member of the Economic Commission representative, Aziz Mayahi, the House of Representatives to stand behind the failures of the Iraqi Central Bank.

said in a statement received the long version of it, “The neglect of the House of Representatives oversight role in the follow-up to the Iraqi Central Bank to make the central bank continue in the failures that had the effect of the continuous rise of the dollar and confusion in cash transactions through the bank to follow the wrong policies in the auction currency. “

He added: “The central bank was the cause of wasting huge sums from the general budget of the fact that the budget approved in dinars and the different teams currency this will make the budget approved for the ministries and provinces are not commensurate with actual needs and this is what will sign the Government in embarrassments.” He said that “Iraq’s economy suffered blow through the establishment of some members of the state and mafias currency to ratify the transaction import fake billions of dollars and being smuggled abroad, including what came to UAE for more than four billion dollars in just four days, and the sabotage of the Iraqi economy. “

He believed that “this manipulation and confusion in the price currency make the government fall in embarrassments because of the existence of contracts with foreign companies and domestic and differing exchange rate would cost the government other amounts in addition to the increased burden on the citizen through higher prices of materials and supplies of food and commercial “

and called on the central bank to “change the way auctions and return them as they allocate funds to a number of banks and banking offices instead of putting the auction, however, as the Bank exclusively old policy kept the currency exchange rates unlike the new policy, which has caused confusion and embarrassment to the citizens and the government. “

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* Economic Parliamentary exclude the existence of government intervention policy of “central” patient request “delete the zeros”

May 14, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/jiQEjG7in1g/

Monday, May 14, 2012 13:00

BAGHDAD / Baghdadiya News / .. Parliamentary Economic Commission ruled that there is political interference policy of the Central Bank of Iraq and beyond. Government’s request to wait to delete the zeros in the project, considering it a requirement of the requirements phase through which the economic reality in Iraq.

A member of the Economic Commission Mahma Khalil L / Baghdadiya News / “ruled out that there is government intervention in the policy of Central Bank of Iraq after its demand to slow down in the project to delete the zeros as…Read More: [LINK]

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