Currency Auction









3/1/2015 0:00

Yasser incumbent
ended task auction currency now, years after the launch, and despite all the rumors about it and a way to smuggle money Augusalha the positive effects were fastened and made ​​it possible to maintain the stability of exchange rates and their impact on inflation and prices for more than two years.

However, the follower of the orientations of the central bank Aljdedeh are dealing with groping goals in scalable damage and provide additional resources for the Treasury to organize tax settling accounts in the light, but there are questions to be answered satisfactorily and clarifications important benefit economic analyst in the process of evaluating the central performance in this aspect

and determine the effects of the new measures and the comparison between the advantages and disadvantages on monetary policy, Advantaged these questions is Mamkdar impact of this mechanism on the money supply if Astmralaml Article 50 of the Budget Law in determining the central bank restricted to the amount of supply of the dollar?.

is clear that the new mechanism of the Central Bank that it has not been canceled auction currency but came with new mechanisms believed to limit the potential disposition dollar Add to subdue import to direct taxes and deducted in advance in order to achieve revenue for the Treasury These goals are important certainly to rearrange and banking regulation.

other question is important to some extent the fate of the perpetuation of foreign domestic market currency is displayed, it is true that the instruction set share functional Ivadat Is this enough to walk the money supply?

How will the central bank with the fluctuation of exchange rates for the benefit of the highs and its impact on the value of the dinar,
clarification is required for public inspection in order to act with the market and enable the citizen to face rises at the exchange rate,

especially given that the country lacks a market analysis centers in the stock market and even in the Ministry of Planning and Finance, and even Centers the private sector, it is missing.

From useful to show the new mechanism, where the central bank to send money to correspondent banks that deal with the Iraqi private banks to cover Akiem imports own after subjected to tax charge for the advance,

this mechanism to avoid banks, money laundering, because banks discreet messaging laws prevented from they occur so measures would the central bank successful and worthwhile .

baka on the central bank sustain its continuance and listen to the questions of private banks on the new mechanism while ensuring the safety of their application, eight banks would distance itself from all previous accusations about the auction,

but the difference they will need to banking services offset auction profits which required to activate the role

http://alsabaah.iq/ArticleShow.aspx?ID=87846

Currency Auction









3/1/2015 0:00

Yasser incumbent
ended task auction currency now, years after the launch, and despite all the rumors about it and a way to smuggle money Augusalha the positive effects were fastened and made ​​it possible to maintain the stability of exchange rates and their impact on inflation and prices for more than two years.

However, the follower of the orientations of the central bank Aljdedeh are dealing with groping goals in scalable damage and provide additional resources for the Treasury to organize tax settling accounts in the light, but there are questions to be answered satisfactorily and clarifications important benefit economic analyst in the process of evaluating the central performance in this aspect

and determine the effects of the new measures and the comparison between the advantages and disadvantages on monetary policy, Advantaged these questions is Mamkdar impact of this mechanism on the money supply if Astmralaml Article 50 of the Budget Law in determining the central bank restricted to the amount of supply of the dollar?.

is clear that the new mechanism of the Central Bank that it has not been canceled auction currency but came with new mechanisms believed to limit the potential disposition dollar Add to subdue import to direct taxes and deducted in advance in order to achieve revenue for the Treasury These goals are important certainly to rearrange and banking regulation.

other question is important to some extent the fate of the perpetuation of foreign domestic market currency is displayed, it is true that the instruction set share functional Ivadat Is this enough to walk the money supply?

How will the central bank with the fluctuation of exchange rates for the benefit of the highs and its impact on the value of the dinar,
clarification is required for public inspection in order to act with the market and enable the citizen to face rises at the exchange rate,

especially given that the country lacks a market analysis centers in the stock market and even in the Ministry of Planning and Finance, and even Centers the private sector, it is missing.

From useful to show the new mechanism, where the central bank to send money to correspondent banks that deal with the Iraqi private banks to cover Akiem imports own after subjected to tax charge for the advance,

this mechanism to avoid banks, money laundering, because banks discreet messaging laws prevented from they occur so measures would the central bank successful and worthwhile .

baka on the central bank sustain its continuance and listen to the questions of private banks on the new mechanism while ensuring the safety of their application, eight banks would distance itself from all previous accusations about the auction,

but the difference they will need to banking services offset auction profits which required to activate the role

http://alsabaah.iq/ArticleShow.aspx?ID=87846

Parliamentary Finance for "direction Press": Work remittances system is designed to control the amount of money sent abroad

27/02/2015 01:26


Trend Press – special


Parliamentary Finance Committee revealed

that the work of the Iraqi Central Bank remittance system and sell the currency is designed to control the amount of money sent abroad.


Said committee member Najiba Najib said in an interview for "direction Press" that the system preclude any party from exploiting the situation

the current security of the country and to control the exchange rate a way that would support the budget

and cover the deficit indicating that the system is a way to curb money laundering.


It is said that the Iraqi Central Bank announced an auction system to stop working and start currency remittance system. Indicating

that the move contribute to the stability of the Iraqi dinar exchange rate against foreign currency through the optimal use of foreign exchange resources to meet the needs of al

and not the central occupancy of functions which are at the heart of the work of the banking system, while adhering to the requirements of anti-money laundering and the financing of terrorism and smuggling of currency law

, and the governor Iraqi Central Bank on the Keywords announced that it is not true that the central bank remains preoccupied with selling the currency.

http://aletejahtv.org/index.php/permalink/48463.html

Parliamentary Finance for "direction Press": Work remittances system is designed to control the amount of money sent abroad

27/02/2015 01:26


Trend Press – special


Parliamentary Finance Committee revealed

that the work of the Iraqi Central Bank remittance system and sell the currency is designed to control the amount of money sent abroad.


Said committee member Najiba Najib said in an interview for "direction Press" that the system preclude any party from exploiting the situation

the current security of the country and to control the exchange rate a way that would support the budget

and cover the deficit indicating that the system is a way to curb money laundering.


It is said that the Iraqi Central Bank announced an auction system to stop working and start currency remittance system. Indicating

that the move contribute to the stability of the Iraqi dinar exchange rate against foreign currency through the optimal use of foreign exchange resources to meet the needs of al

and not the central occupancy of functions which are at the heart of the work of the banking system, while adhering to the requirements of anti-money laundering and the financing of terrorism and smuggling of currency law

, and the governor Iraqi Central Bank on the Keywords announced that it is not true that the central bank remains preoccupied with selling the currency.

http://aletejahtv.org/index.php/permalink/48463.html

Central Bank announces the withdrawal of 50 dinars a class of trading



Thursday February 26, 2015 14:35
















Alsumaria News / Baghdad
said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months.

bank said in a statement received " Alsumaria News ", a copy of it, he was" given to stop the public from trading paper Cash category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004 ".

The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will deposited with the bank and its branches for the purpose of being the equivalent value in the accounts we have. "

The Bank noted that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq.

" It is noteworthy that the bank CBI issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market.

http://www.alsumaria.tv/news/126132/…8%B1-%D9%85/ar

Central Bank announces the withdrawal of 50 dinars a class of trading



Thursday February 26, 2015 14:35
















Alsumaria News / Baghdad
said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months.

bank said in a statement received " Alsumaria News ", a copy of it, he was" given to stop the public from trading paper Cash category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004 ".

The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will deposited with the bank and its branches for the purpose of being the equivalent value in the accounts we have. "

http://www.alsumaria.tv/news/126132/…8%B1-%D9%85/ar

Cancel the auction of daily currency to keep the dinar exchange rate

24/02/2015 01:55


Follow-up / Source News / ..
Iraqi Central Bank announced on Tuesday, the abolition of the daily auction for the sale of foreign currencies.

The central bank said media director Fadel Hussein: "The need to cover banking offices, community and government banks of currencies will be by remittances, with only stop the daily bank, which includes the sale of direct criticism, including the dollar auction."


He added that "this decision is not contrary to what was stated by the budget bill for 2015 identifying the auction amounts to 75 million dollars."


He pointed out that "the move is part of the Bank’s policy to maintain the stability of the Iraqi dinar exchange rate against the dollar has been preceded by a step to reduce the volume of sales in the auction."

http://l-news.net/index.php/economy/72090.html

Cancel the auction of daily currency to keep the dinar exchange rate

24/02/2015 01:55


Follow-up / Source News / ..
Iraqi Central Bank announced on Tuesday, the abolition of the daily auction for the sale of foreign currencies.

The central bank said media director Fadel Hussein: "The need to cover banking offices, community and government banks of currencies will be by remittances, with only stop the daily bank, which includes the sale of direct criticism, including the dollar auction."


He added that "this decision is not contrary to what was stated by the budget bill for 2015 identifying the auction amounts to 75 million dollars."


He pointed out that "the move is part of the Bank’s policy to maintain the stability of the Iraqi dinar exchange rate against the dollar has been preceded by a step to reduce the volume of sales in the auction."

http://l-news.net/index.php/economy/72090.html

Central Bank suspended currency auction begins remittance system

History of edits:: 02.24.2015 4:46 p.m.

{Baghdad: Euphrates News} central bank, announced Tuesday, to stop work and currency auction system begins remittance system.

A source at the Central Bank, told {Euphrates News} today that "it is based on the decision of the central bank governor was stopped work ERA permanently currency, we started remittance system because of smuggling and money laundering operations."

The Governor of the Central Bank of Iraq on the Keywords announced that it "is not true that Central Bank keeps busy selling the currency like ATM daily."

In the same vein, a report issued by the Central Bank of Iraq, saying, "Based on the provisions of the Iraqi Central Bank Act for the purpose of achieving the objectives of the Bank and the stability of the Iraqi dinar exchange rate against foreign currency through the optimal use of the resources of foreign exchange revealed to meet the needs of all and not the central occupancy of functions which are at the heart of the work of the banking system and the relevant departments, with a commitment to the requirements of the Anti-Money Laundering Act and the Financing of Terrorism Central decided to new instructions issued in this regard."

commented Economists and Financial on the decision to stop the bank’s daily currency auction as a means Cancel sales by remittances, and cash sales will continue, explaining that he came to curb money laundering and smuggling of currency, warning against complacency and inaction in the follow-up and hand the money that buys the banks of the bank, stressing the need to follow those banks legal proceedings in converting Alambalg.anthy and

http://wwww.alforatnews.com/modules/…?storyid=77740

Central Bank suspended currency auction begins remittance system

History of edits:: 02.24.2015 4:46 p.m.

{Baghdad: Euphrates News} central bank, announced Tuesday, to stop work and currency auction system begins remittance system.

A source at the Central Bank, told {Euphrates News} today that "it is based on the decision of the central bank governor was stopped work ERA permanently currency, we started remittance system because of smuggling and money laundering operations."

The Governor of the Central Bank of Iraq on the Keywords announced that it "is not true that Central Bank keeps busy selling the currency like ATM daily."

In the same vein, a report issued by the Central Bank of Iraq, saying, "Based on the provisions of the Iraqi Central Bank Act for the purpose of achieving the objectives of the Bank and the stability of the Iraqi dinar exchange rate against foreign currency through the optimal use of the resources of foreign exchange revealed to meet the needs of all and not the central occupancy of functions which are at the heart of the work of the banking system and the relevant departments, with a commitment to the requirements of the Anti-Money Laundering Act and the Financing of Terrorism Central decided to new instructions issued in this regard."

commented Economists and Financial on the decision to stop the bank’s daily currency auction as a means Cancel sales by remittances, and cash sales will continue, explaining that he came to curb money laundering and smuggling of currency, warning against complacency and inaction in the follow-up and hand the money that buys the banks of the bank, stressing the need to follow those banks legal proceedings in converting Alambalg.anthy and

http://wwww.alforatnews.com/modules/…?storyid=77740