Post From BondLadys Corner
BLC Admin Tlm724 News & Comments 2-1-16 Part 2 of 2
Warning .. Iraq is heading for bankruptcy with the continued sale of treasury of the dollar
01/02/2016 BAGHDAD / JD / .. warned a number of experts and specialists in the financial and economic affairs of decreasing the amount of cash reserves of hard currency to the Central Bank at the continuation of the sale of the dollar in the auction under the low fiscal revenue of hard currency for the state because of lower oil prices, while noting the central bank that continued to sell the dollar comes to keep the Iraqi dinar exchange in the local market price.
The economist said Salam al-Quraishi, the reserve of cash in foreign currency at the central bank is sovereign balance for future generations as well as a haven safe of the national currency, it can not be manipulated once, indicating that the depletion of central bank balance of hard currency through the continued sale of the dollar will lead to a decreasing This thing is a threat to the economic and financial situation of the country
~~~
BLC Admin Tlm724 News & Comments 2-1-16 Part 2 of 2
Warning .. Iraq is heading for bankruptcy with the continued sale of treasury of the dollar
01/02/2016 BAGHDAD / JD / .. warned a number of experts and specialists in the financial and economic affairs of decreasing the amount of cash reserves of hard currency to the Central Bank at the continuation of the sale of the dollar in the auction under the low fiscal revenue of hard currency for the state because of lower oil prices, while noting the central bank that continued to sell the dollar comes to keep the Iraqi dinar exchange in the local market price.
The economist said Salam al-Quraishi, the reserve of cash in foreign currency at the central bank is sovereign balance for future generations as well as a haven safe of the national currency, it can not be manipulated once, indicating that the depletion of central bank balance of hard currency through the continued sale of the dollar will lead to a decreasing This thing is a threat to the economic and financial situation of the country
~~~
He said al-Quraishi told / KD / A reduction in financial revenue of the state of hard currency in light of the low world oil prices this means that the central bank began to draw on cash Balaanaat when to sell the dollar in the auction and this is a violation of the law, stressing that the continuation of the central bank sold the dollar will lead to a decrease in the size of monetary reserves and this will lead to the bankruptcy of the state altogether
For his part, financial expert David Zayer warned of the bankruptcy of the Iraqi state in the event of the continuation of the central bank sold treasury of the dollar.
Zayer said, "The depletion of central bank balance of the dollar will arrive to the bankruptcy of the state, after they crossed the stage of the bankruptcy of the government, because this depletion leads to yellowing of the bank balance of hard currency."
He explained that "the bankruptcy of the state leads to an inability to economically deal with other countries, stressing that the sale of the Central Bank foreign currency violation of the law, because he does not have a law to sell the currency and can buy the currency, but is justified as buying the Iraqi dinar and this is illegal."
Zayer said he "supposed dollar money that comes from the oil riches of other investment and project management, and not turn them into consumer products, because the financial reserves in the world where more than, more than economic weight, but that happens in the country that we alter this hard currency local Iraqi dinar, which does not benefit beyond its borders.
The parliamentary Finance Committee has to resort to the use of central bank cash reserves of hard currency to sell the dollar Bmzadeh ruled out, urging the central bank to maintain the dinar's exchange rate without compromising the cash balance for him.
Said committee member Ahmed Sarhan told / KD /: "We do not believe that the central bank monetary manipulation Balahiat or use of it in the process of open sale to the dollar in the auction because the process can not be used as a harm the public economy and the financial situation of the state."
He added that the central bank must take serious measures to maintain the dinar's exchange rate against the dollar without prejudice or manipulation of the cash reserves of hard currency
For his part, said Governor of the Central Bank on the Keywords that the continuation of the central bank sold the dollar in light of reduced state financial revenues comes to keep the dinar exchange rate against the dollar in the domestic market, denying at the same time manipulating the cash reserve
Keywords and said that the cash reserve is present and can not point to any manipulation by the final because it is a cover for the local currency, indicating that the central bank continued to sell the dollar in its daily auction comes to keep the dinar exchange rate against the dollar in the domestic market.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year more than in 2015 and Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
The document showed that the country's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.
Iraq is facing a financial crisis due to the sharp decline of oil, where the financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars, the oil revenues, of which 69 trillion and 773 billion dinars
The increase of 85.1% from total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of total revenues. / End / 8 /
http://ift.tt/1VE7p2P
[therealbubbie] , it can not be manipulated once, indicating that the depletion of central bank balance of hard currency through the continued sale of the dollar will lead to a decreasing This thing is a threat to the economic and financial situation of the country.
[therealbubbie] indicating that the depletion of central bank balance of hard currency through the continued sale of the dollar will lead to a decreasing
[therealbubbie] This thing is a threat to the economic and financial situation of the country.
[tlm724] stressing that the continuation of the central bank sold the dollar will lead to a decrease in the size of monetary reserves and this will lead to the bankruptcy of the state altogether.[/rtl] [rtl]For his part, financial expert David Zayer warned of the bankruptcy of the Iraqi state in the event of the continuation of the central bank sold treasury of the dollar.
[tlm724] bankruptcy of the Iraqi state in the event of the continuation of the central bank sold treasury of the dollar.
[tlm724] it's gotta stop
http://ift.tt/23FkPBw
~~~~~~~
The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks
The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks
Section: Page economic February 1, 2016 18:22 Readers Number: 191
The Central Bank of Iraq, on Monday, ready for the application of the electronic payment system and the launch of e-dinar about contributing up to deal with the banks and reduce the problems of the cash deal, calling on the government agencies to take advantage of them, while economic Parliamentary Committee stressed the importance of the electronic financial systems in the fight against "corruption and bribery ".
This came during a press conference held by Governor of the Central Bank and the Agency, on the Keywords, with a number of specialists economists, in the wake of a workshop payment system and collection mail in Iraq, which was held under the slogan (electronic payment methods starting point for financial inclusion), which was held within the region Green, in central Baghdad,
Keywords and said, "The central bank was prepared infrastructure for payment systems that allow the application of electronic payment for the collection or adjustments to the different agencies, including the state departments mechanism", noting that "the infrastructure done by the Bank will provide ample space to enter the collection and electronic payment and use the card systems e. "
He said the governor, that "the central bank will launch e-dinar soon to facilitate the payment of money by mobile phone," noting that "cash handling involves many of the economic and organizational problems, and that the electronic payment reduces bureaucracy and corruption as well as theft and assault."
Keywords said, that "electronic payment will go through a number of stages, the first of awareness of its advantages and apply optionally campaign," calling on government agencies to "take advantage of this service."
Said Governor of the Central Bank and the Agency, that "the Bank will recommend the government to deposit employees' salaries of all government and private banks during the next term in a move that will connect millions of new people to banks and get them used to the use of electronic financial services and take advantage of its benefits," pointing out that "ten percent of citizens only on relationship banking and financial institutions currently. "
For his part, adviser to the Prime Minister for Economic Affairs, Abdul Hussein Al-Anbuge, during the conference, said that "the success of the payment of retirees and displaced salaries through the smart card, encouraged the expansion of the experience there to be a bank account for each employee experience," he returned that "it could be an employee who gets his salary that way from paying wages collection of the State or the purchase of goods and services. "
He said the head of the parliamentary economic committee, Jawad al-Bolani, in his speech during the press conference, "The House of Representatives is keen to legislation all the associated financial and economic matters," adding that "the Commission will accelerate necessary for the application of the electronic financial systems and legislation of laws."
Bolani stressed the importance of "electronic collection and e-dinar in the fight against corruption and bribery."
The electronic financial systems scattered in abundance in various countries of the world, including many from the Arab, unlike Iraq, which is still in its infancy in this area as a result of the difficult conditions experienced by. http://ift.tt/1VE7qnD
http://ift.tt/23FkPBy
~~~~~~~
The central bank sold more than $ 3.3 billion in the last month
01/02/2016 12:13 | Direction Press / Baghdad
According to statistics of the Central Bank of Iraq to sell the bank more than $ 3 billion during the month of December.
According to statistics seen by the "direction Press" that "the quantity sold to banks from the date of 03/01/2016 until 01/31/2016 was 3 billion and 319 million and 933 thousand and $ 891."
This is the quantity is more b and 491 million and 569 thousand and $ 891 compared to the same month of 2015, which the Bank sold two billion and 828 million and 364 thousand dollars.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year more than in 2015 and Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
The document showed that the country's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports of them. The sa http://ift.tt/1VE7qnF
tlm724 diff source
The central bank sold more than $ 3.3 billion in the last month
History of edits:: 2016/2/1 9:56 • 124 visits readable
The central bank sold more than $ 3.3 billion in the last month
[Baghdad-where] According to statistics of the Central Bank of Iraq to sell the bank more than $ 3 billion during the month of December.
For his part, financial expert David Zayer warned of the bankruptcy of the Iraqi state in the event of the continuation of the central bank sold treasury of the dollar.
Zayer said, "The depletion of central bank balance of the dollar will arrive to the bankruptcy of the state, after they crossed the stage of the bankruptcy of the government, because this depletion leads to yellowing of the bank balance of hard currency."
He explained that "the bankruptcy of the state leads to an inability to economically deal with other countries, stressing that the sale of the Central Bank foreign currency violation of the law, because he does not have a law to sell the currency and can buy the currency, but is justified as buying the Iraqi dinar and this is illegal."
Zayer said he "supposed dollar money that comes from the oil riches of other investment and project management, and not turn them into consumer products, because the financial reserves in the world where more than, more than economic weight, but that happens in the country that we alter this hard currency local Iraqi dinar, which does not benefit beyond its borders.
The parliamentary Finance Committee has to resort to the use of central bank cash reserves of hard currency to sell the dollar Bmzadeh ruled out, urging the central bank to maintain the dinar's exchange rate without compromising the cash balance for him.
Said committee member Ahmed Sarhan told / KD /: "We do not believe that the central bank monetary manipulation Balahiat or use of it in the process of open sale to the dollar in the auction because the process can not be used as a harm the public economy and the financial situation of the state."
He added that the central bank must take serious measures to maintain the dinar's exchange rate against the dollar without prejudice or manipulation of the cash reserves of hard currency
For his part, said Governor of the Central Bank on the Keywords that the continuation of the central bank sold the dollar in light of reduced state financial revenues comes to keep the dinar exchange rate against the dollar in the domestic market, denying at the same time manipulating the cash reserve
Keywords and said that the cash reserve is present and can not point to any manipulation by the final because it is a cover for the local currency, indicating that the central bank continued to sell the dollar in its daily auction comes to keep the dinar exchange rate against the dollar in the domestic market.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year more than in 2015 and Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
The document showed that the country's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.
Iraq is facing a financial crisis due to the sharp decline of oil, where the financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars, the oil revenues, of which 69 trillion and 773 billion dinars
The increase of 85.1% from total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of total revenues. / End / 8 /
http://ift.tt/1VE7p2P
[therealbubbie] , it can not be manipulated once, indicating that the depletion of central bank balance of hard currency through the continued sale of the dollar will lead to a decreasing This thing is a threat to the economic and financial situation of the country.
[therealbubbie] indicating that the depletion of central bank balance of hard currency through the continued sale of the dollar will lead to a decreasing
[therealbubbie] This thing is a threat to the economic and financial situation of the country.
[tlm724] stressing that the continuation of the central bank sold the dollar will lead to a decrease in the size of monetary reserves and this will lead to the bankruptcy of the state altogether.[/rtl] [rtl]For his part, financial expert David Zayer warned of the bankruptcy of the Iraqi state in the event of the continuation of the central bank sold treasury of the dollar.
[tlm724] bankruptcy of the Iraqi state in the event of the continuation of the central bank sold treasury of the dollar.
[tlm724] it's gotta stop
http://ift.tt/23FkPBw
~~~~~~~
The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks
The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks
Section: Page economic February 1, 2016 18:22 Readers Number: 191
The Central Bank of Iraq, on Monday, ready for the application of the electronic payment system and the launch of e-dinar about contributing up to deal with the banks and reduce the problems of the cash deal, calling on the government agencies to take advantage of them, while economic Parliamentary Committee stressed the importance of the electronic financial systems in the fight against "corruption and bribery ".
This came during a press conference held by Governor of the Central Bank and the Agency, on the Keywords, with a number of specialists economists, in the wake of a workshop payment system and collection mail in Iraq, which was held under the slogan (electronic payment methods starting point for financial inclusion), which was held within the region Green, in central Baghdad,
Keywords and said, "The central bank was prepared infrastructure for payment systems that allow the application of electronic payment for the collection or adjustments to the different agencies, including the state departments mechanism", noting that "the infrastructure done by the Bank will provide ample space to enter the collection and electronic payment and use the card systems e. "
He said the governor, that "the central bank will launch e-dinar soon to facilitate the payment of money by mobile phone," noting that "cash handling involves many of the economic and organizational problems, and that the electronic payment reduces bureaucracy and corruption as well as theft and assault."
Keywords said, that "electronic payment will go through a number of stages, the first of awareness of its advantages and apply optionally campaign," calling on government agencies to "take advantage of this service."
Said Governor of the Central Bank and the Agency, that "the Bank will recommend the government to deposit employees' salaries of all government and private banks during the next term in a move that will connect millions of new people to banks and get them used to the use of electronic financial services and take advantage of its benefits," pointing out that "ten percent of citizens only on relationship banking and financial institutions currently. "
For his part, adviser to the Prime Minister for Economic Affairs, Abdul Hussein Al-Anbuge, during the conference, said that "the success of the payment of retirees and displaced salaries through the smart card, encouraged the expansion of the experience there to be a bank account for each employee experience," he returned that "it could be an employee who gets his salary that way from paying wages collection of the State or the purchase of goods and services. "
He said the head of the parliamentary economic committee, Jawad al-Bolani, in his speech during the press conference, "The House of Representatives is keen to legislation all the associated financial and economic matters," adding that "the Commission will accelerate necessary for the application of the electronic financial systems and legislation of laws."
Bolani stressed the importance of "electronic collection and e-dinar in the fight against corruption and bribery."
The electronic financial systems scattered in abundance in various countries of the world, including many from the Arab, unlike Iraq, which is still in its infancy in this area as a result of the difficult conditions experienced by. http://ift.tt/1VE7qnD
http://ift.tt/23FkPBy
~~~~~~~
The central bank sold more than $ 3.3 billion in the last month
01/02/2016 12:13 | Direction Press / Baghdad
According to statistics of the Central Bank of Iraq to sell the bank more than $ 3 billion during the month of December.
According to statistics seen by the "direction Press" that "the quantity sold to banks from the date of 03/01/2016 until 01/31/2016 was 3 billion and 319 million and 933 thousand and $ 891."
This is the quantity is more b and 491 million and 569 thousand and $ 891 compared to the same month of 2015, which the Bank sold two billion and 828 million and 364 thousand dollars.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year more than in 2015 and Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
The document showed that the country's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports of them. The sa http://ift.tt/1VE7qnF
tlm724 diff source
The central bank sold more than $ 3.3 billion in the last month
History of edits:: 2016/2/1 9:56 • 124 visits readable
The central bank sold more than $ 3.3 billion in the last month
[Baghdad-where] According to statistics of the Central Bank of Iraq to sell the bank more than $ 3 billion during the month of December.
According to statistical According to the website of the bank that "the quantity sold to banks from the date of 03/01/2016 until 01/31/2016 was 3 billion and 319 million and 933 thousand and 891 dollars."
This is the quantity is more by 491 million and and 569 thousand and $ 891 compared to the same month of 2015, who sold the bank's two billion and 828 million and 364 thousand dollars.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year 2015 more than Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
it showed the document The state's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.
He warned an economist from the bankruptcy of the state Iraq in the event of continued central bank selling treasury of the dollar.
Dawood Al Zayer's [where], "The depletion of central bank balance of the dollar will arrive to the bankruptcy of the state, after we crossed the bankruptcy of the government stage, because this depletion leads to reset your bank balance of hard currency .
"and called on the Office of the Prime Minister Haider al-Abadi, the Central Bank to review its policy on" the smuggling of foreign currency ".anthy
http://ift.tt/23FkMFZ
http://ift.tt/1VE7p2T
This is the quantity is more by 491 million and and 569 thousand and $ 891 compared to the same month of 2015, who sold the bank's two billion and 828 million and 364 thousand dollars.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year 2015 more than Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
it showed the document The state's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.
He warned an economist from the bankruptcy of the state Iraq in the event of continued central bank selling treasury of the dollar.
Dawood Al Zayer's [where], "The depletion of central bank balance of the dollar will arrive to the bankruptcy of the state, after we crossed the bankruptcy of the government stage, because this depletion leads to reset your bank balance of hard currency .
"and called on the Office of the Prime Minister Haider al-Abadi, the Central Bank to review its policy on" the smuggling of foreign currency ".anthy
http://ift.tt/23FkMFZ
http://ift.tt/1VE7p2T
via Dinar Recaps - Our Blog http://ift.tt/1VE7oMw
No comments:
Post a Comment