May 18, 2012

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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
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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
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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.

LINK

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* Delete and replace the zeros of the Iraqi currency early 2013

May 16, 2012 2 Comments

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/C9Ivxy5Y9cU/

Main points:

  • Various categories of new currency will begin to be printed in September 2012
  • New currency will be issued in January 2013
  • Dinars held currently will be pulled off market completely by mid-2014, approximately 1 year from new currency being issued
  • Authorities believe new currency will create stability economically and reduce dollarization (hard currency)….Read More: [LINK]

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* Parliamentary Finance: Delete the zeros and the replacement of the currency early 2013

May 16, 2012 Leave a Comment

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

Wednesday 16 May 2012

Revealed the parliamentary finance committee that the deletion of zeros and replacing Iraqi dinar currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September.

A member of the Finance Committee Haitham al-Jubouri in a press statement that “the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency,” adding that “as of next September 2012, will be the direct printing of new currency in different categories.”…Read More: [LINK]

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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
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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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* Printing of currency begins in Sept 2012, Currency issued in January 2013

May 15, 2012 1 Comment

Source: Dinar Daddy’s Tidbits
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Revealed the parliamentary finance committee on Tuesday that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September.

A member of the Finance Committee Haitham Jubouri in an interview for “Alsumaria News” that “the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency,” adding….Read More: [LINK]

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* Economic Commission in Karbala, 10 offices based banking to convert currency

May 15, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
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14/05/2012
Karbala / JD / .. Announced the local government in Karbala inventory vacations banking offices and currency exchange offices only ten, and controls according to the CBI. The head of the Economic Committee in the province of Karbala Tariq Kikhany in a statement to the reporter / agency JD / Monday, “Decides to establish the leave granted to the offices of banking and currency converter leaves only ten.” Noting, “will be granted leave to controls the Central Bank of Iraq.” He added, “The decision to limit vacations to reduce fraud and smuggling currency that spread recently.” He explained, …Read More: [LINK]

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* Parliamentary Finance: Delete and replace the zeros of the Iraqi dinar currency early 2013

May 15, 2012 3 Comments

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/OtNE4r1tcgI/

Tuesday 15 May 2012

Sumerian News / Baghdad revealed the Finance Committee of parliament Tuesday, that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September. A member of the Finance Committee Haitham Jubouri in an interview for “Alsumaria News “that” the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency, “adding that” as of next September 2012, will be the direct printing of new….Read More: [LINK]

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* Breitling: Printing of currency begins in Sept 2012, Currency issued in January 2013

May 15, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
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May 15th, 2012 07:10 am · Posted in CHATS & POSTS: Iraqi Dinar Exchange Rate & Buy Dinar Info 

http://breitlingcurrency.blogspot.com/

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The * Breitling: Printing of currency begins in Sept 2012, Currency issued in January 2013 by Dinar Daddy’s Tidbits, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.

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* Member of Finance Committee: Procedure for sale of foreign currency the central bank to the interests of IQD

May 12, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
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Criticize a member of the Finance Committee in Parliament MP from / National Alliance / Amin Abbas, the measures taken by the Central Bank adopted for the sale of hard currency because it ascertains the balance between the Iraqi dinar and the U.S. dollar, through the presentation of quantities in the local market.

The central bank took measures are complex and deliberate before in the process of selling the hard currency of the auction, where the condition of submission of import license and bank account and tax accounting for companies wishing to buy hard currency.

Abbas said (to the Agency news) Friday: The complexity of procedures sale of hard currency deliberate by the Central Bank in order to reduce the demand to buy the U.S. dollar from Auction Central does not hurt the interests of the Iraqi dinar as it does not achieve the principle of balance in the process of pumping currency in the domestic market.

He added: Finance Committee, the parliamentary person case at its meeting with the Governor of the Central Bank, where we asked him to increase the number of companies licensed to buy the currency, noting that the governor promised that reduces the complicated procedures and taken in the sale of hard currency “dollar” of the Central Bank auction because there is high demand by traders and foreign remittances for students abroad or expatriate Iraqis. this and see the U.S. dollar during the recent big increase value to Iraqi dinar as a result of internal and external factors, where the price of the dollar (1300) dinars after it had been stable on the price of (1166) dinars.

LINK

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