Monday, January 26, 2015
Breitling Report: Monday, Jan 26, 2015
Please any Questions: send to breitlingcurrency@gmail.com I will get to your questions as soon as possible by personal e-mail, blog post or audio "If you Knew you could not fail, what would you try today?" Philippians 4:13
Parliamentary Finance: Delete the three zeroes from the currency early in 2015
Parliamentary Finance:
Delete the three zeroes from the currency early in 2015
Suggested the parliamentary finance committee, project application
to delete the three zeroes from the currency early next year, saying that the
current situation is appropriate to implement the project. A member of the
Committee Deputy Abdul Hussain al-Yasiri told / JD /: “The central bank has
vowed in the past years the application of the project to delete the zeros
early in 2014, but reversed his decision and announced to wait to implement it,
without knowing the reasons.” According to the agency dinars News
He added: “The project is one of the economic projects important
to the country, being the reduced mass of the large cash and facilitates the
process of transfer and calculated, noting that the implementation of the
project is not linked to the economic situation and political situation in the
country, the fact that the central bank Prepare all supplies for its
Application and the project is now ready for implementation. Pointed out : that
the date of implementation of the project is still not fixed by the central
bank, but it is probably during the next eight months or early 2015. noted that
the Central Bank said earlier that the implementation of the project to delete
the three zeroes from the Iraqi currency depends on the political situation and
economic situation in the country.
Please any Questions: send to breitlingcurrency@gmail.com I will get to your questions as soon as possible by personal e-mail, blog post or audio "If you Knew you could not fail, what would you try today?" Philippians 4:13
Central Bank reserves reach 100 billion dollars
Central Bank reserves
reach 100 billion dollars
Revealed the CBI, on Sunday, announced the arrival of its reserves
of hard currency to the equivalent of 90 trillion dinars end of the month of
February, while expected to continue to increase the proportion “not great” not
being able to reach the barrier percent billion, attributed to the expansion in
Feeding foreign trade to the private sector.
The administration has said the central bank in the gallery its
written reply to questions from the (long-Presse), “The total reserves of the
Central Bank of Iraq Iraq
And affirmed the bank’s management, that “the increase in reserve
growth would continue, but rates are not great,” excluded “arrived from hard
currency reserves hundred billion dollars due to the expansion of foreign trade
in feed for the private sector,”
The Department of the Central Bank, that there is “a great demand
for the dollar through currency auction, which takes the other hand, the Iraqi
dinar is what makes expansion there commercially for some applicants the
dollar.”
It is noteworthy that the Iraqi Central Bank, announced in (the 23
of December 2013 the past), the arrival of the foreign currency reserves of
more than 88 billion dollars, returned it contributes to the stability of the
dinar could be a “source of pride” for the Iraqis.
The Central Bank of Iraq Iraq
The central bank of Iraq
As I mentioned special bulletins Iraq
CBI sells gold to the public it will strengthen dinar and reduce dollarization
CBI sells gold to the
public it will strengthen dinar and reduce dollarization
CBI sells gold to the public it will strengthen dinar and reduce
dollarization
If CBI sells gold to the public it will strengthen dinar and
reduce dollarization
Baidhani described monetary policy successful
Baghdad – Mostafa Hashemi said the academic economic Dr Majid Baidhani that a central bank to activate the monetary policy tools and the willingness to sell gold to the public would be granted dinar greater strength as well as it reduces the dollarization phenomenon experienced by the economy.
Baghdad – Mostafa Hashemi said the academic economic Dr Majid Baidhani that a central bank to activate the monetary policy tools and the willingness to sell gold to the public would be granted dinar greater strength as well as it reduces the dollarization phenomenon experienced by the economy.
added Baidhani in a statement (morning): The adoption of this
measure requires increasing the Central Bank reserves of gold as a cover for
the currency, and the promotion requires finding a basket of currencies to
assess the economy vulnerable to prices, the dollar downwards or upwards.
reserves rose central gold recently from 38 to 90 tons of the
precious metal after he announced the purchase of 60 tons in the past few weeks
for the purpose of selling it to the public, after contracting with companies
to Sikh to ensure the presence of gold purity high and the origins of
well-known global and used as part of their savings. it is hoped that the
proportion of gold allocated to the Mint about 11 tons, and identifies public
need and desire for the allocation of additional quantities Stamping to sell to
jewelers and investors.
said Baidhani that monetary policy tools two types quantitative
tools and tools of quality and different conditions of use depending on the
economic situation of the country for example, in the case of inflation is the
goal of economic policy to achieve price stability and in either case the
downturn will be aimed at achieving economic growth and increased operating.,
and added that the measures taken by the central bank reflect the familiar real
economic reality of the country, where the launch of gold to the public would
control the levels of liquidity and that it increases the rate of adoption of
the public on the financial assets of the real, represented by the precious
metal rather than dependence on foreign currency .
stressed that this measure will reduce the dollarization
phenomenon experienced by the economy, where most of the business transactions
and trade within Iraq
said Baidhani that the weakness of public awareness of the
importance of buying and selling shares in the local currency dramatically in
the emergence of dollarization, which severely hurt the national economy,
adding that this called for reasons that central to the practice of monetary
policy tools effectively to save the economy from deteriorating and to enhance
the strength of gold dinar.
The Central Bank postponed issuing the first local bonds next year
The Central Bank
postponed issuing the first local bonds next year
aghdad (newsletter). The Iraqi Central Bank, announced Monday,
postponed issuing the first local bonds next year 2015, confirmed that
inflation in Iraq Iraq Dubai
He said Bank Governor Abdel Basset Turki said on the sidelines of
a financial Conference in Dubai: that ‘ Iraq has postponed to next year a plan
to issue its first bonds in local currency in 10 years ‘, adding that ‘ legal
difficulties issuing bonds this year as planned. Turkish added that ‘ it is
unlikely that the coming international bonds in 2014 ‘, stating that ‘ the
objective of not financing Government budget deficit but expanding capital
markets and diversify the investment banks ‘ options. In another context, the
Governor of the Central Bank that inflation is ‘ worrisome now as hovering
above the two percent only, pointing out that the ‘ economy is expected to grow
more than eight percent in 2014. ‘/
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