Central: Iraq denies intention to modify the rate of the dinar against the dollar
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Central: Iraq denies intention to modify the rate of the dinar against the dollar
Shilo Sun Mar 07, 2010 2:23 pm
March 7, 2010 · Posted in NEWS
Posted 07/03/2010 06:00 AM
?. Denied the CBI, any intention to ?change the Iraqi dinar exchange rate?. ?. He said in a statement that it continues to ?very interesting incorrect statements attributed to sources in the bank, referring to the determination of the Iraqi Central changing the exchange rate of the Iraqi dinar to one U.S. dollar is equal to one thousand dinars in June (June) next?.?. He stressed that the ?no truth to this story or other?. ?. He added that ?the criteria adopted in the stability of the dinar exchange rate, and signals of monetary policy, a far cry from the news and other information confused and incorrect?.
. The basis of the exchange rate set by the CBI of 1170 dinars to the dollar is stable for more than a year. ?. The Central Bank Governor Sinan al-Shabibi, recently announced that the bank ?adopt a policy in the exchange rate float, called the orbit, and determines the way of the appropriate exchange rate?. ?. He pointed out that decisions regarding the change ?take in the form commensurate with the issues of fighting against inflation, he said the most important?. ?. He stressed that the Central ?do not want to take a confusing market stability, such as reducing the price it produces a great demand for cash and other decisions?.
?. And the current price, Shabibi stressed that ?good and stable and we can defend Bahtiatatna large amount of 43 billion dollars now?. ?. He believed that the price of ?balanced now or should be adopted price we can not defend it, but there may be economic variables related to the size of the reserve in the event fall, for example to change Venmay?.
. The market has seen undecided monetary policy focused on raising the price of the Iraqi dinar, which is one of the imperatives of increasing the confidence of its customers. Some see in such a step enhanced to increase the volume of foreign investment and local levels in Iraq, in addition to promoting monetary stability in the Iraqi market, and about double the market value of the Iraqi national currency.. The community went on to say that the economic theory of the prestige of the state are mainly related to currency.
It was striking in this regard, the Chief Minister Nuri al-Maliki responded to questions from within the media outlet, organized by the National Media Center, adding that ?the decision of re-evaluating the Iraqi dinar is linked to study the economic conditions that ensure the strengthening?.
?. He stressed that the strengthening of the currency ?is settled to the presence of elements of the force increase revenue and economic development?. ?. He pointed out that the government ?will not rush and will work to find guarantees for this procedure to succeed, and the central bank in charge of work on the study of the subject and will give his decision soon?.
. And suffering of the Iraqi dinar exchange rate of depreciation of the pound against foreign currencies as a result the economic embargo since 1990, which plunged the exchange rate of three dollars dinars by the end of the seventies of the last century and Osmaninath, to three thousand dinars after the Kuwait war in the nineties and the continuing embargo on Iraq for 13 years. . Then the exchange rate after 2003 and currently stands at 1170 dinars, thanks to the Iraqi Central Bank’s policy based on holding an auction to sell the dollar in more than five years, a policy criticized by economists as it gives a value that is true of Iraqi currency.
The President of the Association of Iraqi private banks Executive Director of the Credit Bank of Iraq Fouad al-Hassani told to ?life?, that the officials concerned ?currently studying the experiences of countries adopted the deletion of zeros from the currency, namely Turkey, and had the possibility of Iraqi delegations for this purpose, you also need to process the time to activate a final ?.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.alesbuyia.com/inp/view.asp%3FID%3D7829&rurl=translate.google.com
Posted 07/03/2010 06:00 AM
?. Denied the CBI, any intention to ?change the Iraqi dinar exchange rate?. ?. He said in a statement that it continues to ?very interesting incorrect statements attributed to sources in the bank, referring to the determination of the Iraqi Central changing the exchange rate of the Iraqi dinar to one U.S. dollar is equal to one thousand dinars in June (June) next?.?. He stressed that the ?no truth to this story or other?. ?. He added that ?the criteria adopted in the stability of the dinar exchange rate, and signals of monetary policy, a far cry from the news and other information confused and incorrect?.
. The basis of the exchange rate set by the CBI of 1170 dinars to the dollar is stable for more than a year. ?. The Central Bank Governor Sinan al-Shabibi, recently announced that the bank ?adopt a policy in the exchange rate float, called the orbit, and determines the way of the appropriate exchange rate?. ?. He pointed out that decisions regarding the change ?take in the form commensurate with the issues of fighting against inflation, he said the most important?. ?. He stressed that the Central ?do not want to take a confusing market stability, such as reducing the price it produces a great demand for cash and other decisions?.
?. And the current price, Shabibi stressed that ?good and stable and we can defend Bahtiatatna large amount of 43 billion dollars now?. ?. He believed that the price of ?balanced now or should be adopted price we can not defend it, but there may be economic variables related to the size of the reserve in the event fall, for example to change Venmay?.
. The market has seen undecided monetary policy focused on raising the price of the Iraqi dinar, which is one of the imperatives of increasing the confidence of its customers. Some see in such a step enhanced to increase the volume of foreign investment and local levels in Iraq, in addition to promoting monetary stability in the Iraqi market, and about double the market value of the Iraqi national currency.. The community went on to say that the economic theory of the prestige of the state are mainly related to currency.
It was striking in this regard, the Chief Minister Nuri al-Maliki responded to questions from within the media outlet, organized by the National Media Center, adding that ?the decision of re-evaluating the Iraqi dinar is linked to study the economic conditions that ensure the strengthening?.
?. He stressed that the strengthening of the currency ?is settled to the presence of elements of the force increase revenue and economic development?. ?. He pointed out that the government ?will not rush and will work to find guarantees for this procedure to succeed, and the central bank in charge of work on the study of the subject and will give his decision soon?.
. And suffering of the Iraqi dinar exchange rate of depreciation of the pound against foreign currencies as a result the economic embargo since 1990, which plunged the exchange rate of three dollars dinars by the end of the seventies of the last century and Osmaninath, to three thousand dinars after the Kuwait war in the nineties and the continuing embargo on Iraq for 13 years. . Then the exchange rate after 2003 and currently stands at 1170 dinars, thanks to the Iraqi Central Bank’s policy based on holding an auction to sell the dollar in more than five years, a policy criticized by economists as it gives a value that is true of Iraqi currency.
The President of the Association of Iraqi private banks Executive Director of the Credit Bank of Iraq Fouad al-Hassani told to ?life?, that the officials concerned ?currently studying the experiences of countries adopted the deletion of zeros from the currency, namely Turkey, and had the possibility of Iraqi delegations for this purpose, you also need to process the time to activate a final ?.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.alesbuyia.com/inp/view.asp%3FID%3D7829&rurl=translate.google.com
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