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High cash reserves to 80 billion dollars and 80 tonnes of gold
03/24/2014
A different picture for the stability of the Iraqi dinar against the U.S. dollar during the current period and prior years ago, they were the economic shocks big hit Iraqi economy as a result of the instability of the exchange rate of the dinar against the dollar, and the business-like "adventure", which led to the migration of the Iraqi capital abroad, The reluctance of foreign investors from entering the country, for fear of fluctuations in the currency exchange rate. This stability, according to a member of the parliamentary
Finance Committee Abdul-Hussein al-Yasiri, due to several reasons, including the start of the Iraqi Central Bank dollar auction sale. He added: "This auction is a balance between supply and demand, the Iraqi dinar and the dollar, and was able to since its introduction a few years ago until now to maintain the stability of the dollar to 1166 dinars, and had arrived in the period of the former regime to 3027 dinars to the dollar."
The central bank announced a rise of dollar bank reserves to 80 billion dollars, and 80 tons of gold, this reserve would provide significant support for the economy and the bulwark against the Iraqi currency fluctuations that you may encounter. He Yasiri saying that "economic conditions are now good, the reality of agricultural improving, and there is a tendency to launch the Prime Minister's initiative concerning the industrial sector, and if the move agricultural and industrial sectors, Vsihrk economy and stimulate employment, and directed the Prime Minister in this regard will lead to the lifting of the value of the dinar and thereby improve the economic situation Iraq. " He said a member of the parliamentary finance committee that the central bank has an important role in the stability of the dinar through daily currency auction, and that other measures have an important role also in supplying the Iraqi economy to serve everyone, and for the development of the economy must be oriented towards the private sector and sectors Other than oil because it is fleeting in one day, but agriculture and industry are oil permanently. And "that the country and the potential Iyad worker and good technical, we want the investment that works well to come through with the money and the investor, not to come and borrow from the banks." It is noteworthy that many of the international banks began to open branches in Iraq, invested great stability in the exchange rates of the dollar against the dinar, in addition to banking facilities good, and that made Iraq one of the favorite destinations for global banks.
He said a member of the parliamentary Finance Committee that "the banking sector progresses through the banking system is good and has a locking system well and keeping deposits of citizens and keeping bank loans and the strategic situation and cash management well," stressing that "the Central Bank of 80 billion dollars, and must be exploited part of these amounts for the development of the economy in Iraq. " And Yasiri "The issues of good government in the financial file, it's listen to the experts and economists," In this regard, he said, "more than one meeting by the Economists Association, which includes about 50 000 economically with the Prime Minister, for the purpose of contributing to the support of the Iraqi economy, by one of the objectives of the Assembly, which was elected as its chairman, is to cooperate with the government to activate the Iraqi economy and develop a plan to reform the banking through the Association of Iraqi banks and representatives from the central bank and private sector banks and economists. "
For his part, said banking expert and executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun "The arrival of the cash reserve to 80 billion dollars, enhances the value of the Iraqi dinar and ensure traders do and possessors upon trust and power, as it acts as a cover real currency." He added Goldfinch in a press statement that: "When you are in Iraq thus guarantees will be provided external actors to cooperate with this country and invest in it, because it is considered an important indicator, and gives the amount supreme confidence in the Iraqi market for traders with dealers and contractors and equipped foreigners
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03/24/2014
A different picture for the stability of the Iraqi dinar against the U.S. dollar during the current period and prior years ago, they were the economic shocks big hit Iraqi economy as a result of the instability of the exchange rate of the dinar against the dollar, and the business-like "adventure", which led to the migration of the Iraqi capital abroad, The reluctance of foreign investors from entering the country, for fear of fluctuations in the currency exchange rate. This stability, according to a member of the parliamentary
Finance Committee Abdul-Hussein al-Yasiri, due to several reasons, including the start of the Iraqi Central Bank dollar auction sale. He added: "This auction is a balance between supply and demand, the Iraqi dinar and the dollar, and was able to since its introduction a few years ago until now to maintain the stability of the dollar to 1166 dinars, and had arrived in the period of the former regime to 3027 dinars to the dollar."
The central bank announced a rise of dollar bank reserves to 80 billion dollars, and 80 tons of gold, this reserve would provide significant support for the economy and the bulwark against the Iraqi currency fluctuations that you may encounter. He Yasiri saying that "economic conditions are now good, the reality of agricultural improving, and there is a tendency to launch the Prime Minister's initiative concerning the industrial sector, and if the move agricultural and industrial sectors, Vsihrk economy and stimulate employment, and directed the Prime Minister in this regard will lead to the lifting of the value of the dinar and thereby improve the economic situation Iraq. " He said a member of the parliamentary finance committee that the central bank has an important role in the stability of the dinar through daily currency auction, and that other measures have an important role also in supplying the Iraqi economy to serve everyone, and for the development of the economy must be oriented towards the private sector and sectors Other than oil because it is fleeting in one day, but agriculture and industry are oil permanently. And "that the country and the potential Iyad worker and good technical, we want the investment that works well to come through with the money and the investor, not to come and borrow from the banks." It is noteworthy that many of the international banks began to open branches in Iraq, invested great stability in the exchange rates of the dollar against the dinar, in addition to banking facilities good, and that made Iraq one of the favorite destinations for global banks.
He said a member of the parliamentary Finance Committee that "the banking sector progresses through the banking system is good and has a locking system well and keeping deposits of citizens and keeping bank loans and the strategic situation and cash management well," stressing that "the Central Bank of 80 billion dollars, and must be exploited part of these amounts for the development of the economy in Iraq. " And Yasiri "The issues of good government in the financial file, it's listen to the experts and economists," In this regard, he said, "more than one meeting by the Economists Association, which includes about 50 000 economically with the Prime Minister, for the purpose of contributing to the support of the Iraqi economy, by one of the objectives of the Assembly, which was elected as its chairman, is to cooperate with the government to activate the Iraqi economy and develop a plan to reform the banking through the Association of Iraqi banks and representatives from the central bank and private sector banks and economists. "
For his part, said banking expert and executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun "The arrival of the cash reserve to 80 billion dollars, enhances the value of the Iraqi dinar and ensure traders do and possessors upon trust and power, as it acts as a cover real currency." He added Goldfinch in a press statement that: "When you are in Iraq thus guarantees will be provided external actors to cooperate with this country and invest in it, because it is considered an important indicator, and gives the amount supreme confidence in the Iraqi market for traders with dealers and contractors and equipped foreigners
[You must be registered and logged in to see this link.]
