Rupee opens 3 paise higher against US dollar at 64.56

Economic Times21 minutes ago

NEW DELHI: The rupee opened nearly 3 paise up at 64.56 against dollar on Friday on account of selling of American currency by banks and exporters.

Rupee trades little changed against US dollar in opening tradeLivemint
Rupee gains against US dollar, rises to 64.57Myiris.com

Pound v US dollar: GBP recovering against USD after interest rate hike hint

Express.co.uk5 hours ago

THE pound against US dollar exhange rate remains a cent and a half below this week's peak at US$1.266 this morning, despite making some sharp gains.

Heavy Pound to US Dollar Losses Forecast if Brexit Talks Turn UglyFuture Currency Forecast
Pound jumps against dollar and euro during Queen's Speech as BoE chief …The Sun

Efforts to develop new plans by the International Monetary

6/21/2017 0:00

Baghdad / agencies
newspaper Nikkei reported that the Japanese characteristic of the new IMF plan it does not require structural reforms , such as the last costly rescue programs.

The newspaper pointed out that " the International Monetary Fund formally adopt this new framework during a meeting of the whole leadership by the end of the month, has begun talks with the Association of Southeast Asian Nations countries (ASEAN)" in this regard, noting in return that the fund "does not intend to hold talks with China, which has huge cash reserves in dollars. "

The new system aims mainly to address the risk of collapse as a result of his intensive escape of capital. The return of funds under the plan to the United States, at a time when the US Federal Reserve began tightening its monetary policy, boosting the attractiveness of the dollar.

A collapse of the currency can cause financial crises with the growing foreign debt burden on the State concerned, the situation was getting more dangerous in the event of the intervention of speculators to benefit from these conditions.

In the face of such a situation, the countries concerned have to directly intervene in exchange markets to support its currency by buying dollars and selling operations.

The new mechanism that IMF works to put these countries are supposed to help to borrow in dollars, so mainly through the near – term loans not exceeding one year.

The newspaper pointed out that the fund "will evaluate potential borrowers in normal conditions," and that " the loans will be limited in the light of several factors, including the contribution of each country in the Fund."

The newspaper said the monetary crisis experienced by Asian countries in 1997, pointing out that the International Monetary Fund has supported Indonesia at the time, but imposed strict conditions in return, forcing them to leave the country banks facing difficulties.

The Nikkei pointed out that the crisis provoked shock among ASEAN countries, and left the hostility of the Fund.

Despite the progress that has been achieved since the global financial crisis in 2008, markets remain vulnerable to destabilize , if embarked on other central banks like the European Central Bank to adopt fiscal tightening policy.

http://www.alsabaah.iq/ArticleShow.aspx?ID=139552

Pound v US dollar: GBP recovering against USD after interest rate hike hint

Express.co.uk59 minutes ago

THE pound against US dollar exhange rate remains a cent and a half below this week's peak at US$1.266 this morning, despite making some sharp gains.

Pound jumps against dollar and euro during Queen's Speech as BoE chief …The Sun
Can Pound US Dollar Exchange Rate Extend Gains on Increasing BoE Hawkishness?Future Currency Forecast

Rupee opens 14 paise lower against US dollar at 64.63

Economic Times33 minutes ago

The local currency on Tuesday closed 6 paise down at 64.49 against the US dollar. The RBI fixed the reference rate for the dollar at 64.4672 and for the euro at 71.9583 in the previous trading session.

Rupee slides 15 paise against dollarThe New Indian Express

Qatar currency peg with the US dollar is a 'potent economic weapon'

CNBCJun 20, 2017

Qatar's peg with the U.S. dollar is a potential headache – and a potent economic weapon. The emirate's fixed currency has supported financial stability in a small country that overwhelmingly depends on energy exports.

Qatar sovereign fund deposited dollars in local banks as precaution -bankersReuters

Economist: 78% of the Iraqi currency outside the banking system

Monday 19 June 2017



revealed Economic Bassem Jamil Antoine, on Monday, that the expert 78% of the Iraqi currency is outside the banking system, and explained that while the Iraqi citizen does not trust the systems of those banks, which have suffered so much.


He said Antoine’s "Eye of Iraq News", "currency printed in Iraq exceed 44 trillion dinars, and the existing ones banks only 22%," pointing out that "78% are outside the banking system and these figures are only for the Iraqi dinar does not include other work as dollar and other" .


He explained the economic expert, said that "the existence of such a large proportion of the money outside of banks due to the weakness of the relationship and trust between the citizen and the systems of these banks," noting that "the citizen has been burned by the fire of those banks where he has difficulty getting his money again."

http://aynaliraqnews.com/index.php?aa=news&id22=77726