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mike alfred

Role of the Central Bank of Iraq for Stabilization of the Iraqi Dinar - 0 views

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    The Central Bank of Iraq is finding notable measures to control the inflation in the country and also to stabilize the currency of Iraq. Iraqi currency is charming for investors. The currency of Iraq has been in the headlines in the business world for a number of years for its chances to regain the value.
mike alfred

CBI Control Dollar's Demand & Supply to Stabilize Iraqi Dinar - 0 views

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    When a currency loss its value in the domestic market so it is difficult for it to be valued in the international market. Therefore, Iraq will have to monitor and combat this situation as much as possible. If dollar is demanded more than Iraqi dinar in the market, the value of Iraqi dinar is lower. Iraq will have to enhance the trust of the people in its own currency to regain its value back in the market.
mike alfred

Private Banks Meeting to Discuss Economic Stability in Iraq - 0 views

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    A meeting was called by the newly elected administrative board of the private banks in Iraq. It was for the betterment of the country to manage the handling of the different things in the right way. Mehdi Al Hafez, the oldest parliament member shed light on the world interest in Iraq due to oil and how the IMF and the World Bank have been offering to help them make reforms.
mike alfred

Gold Prices Decrease to Cast a Negative Impact on Dinar Value - 0 views

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    Experts: Gold Prices Decrease to Cast a Negative Impact on Dinar Value Central bank of Iraq purchased 36 tons of gold last month to stabilize the value of dinar in the local and international market. The bank is planning to buy more gold in the near future that will further help central bank to control the value of dinar and stabilize it in the market.
mike alfred

Iraq's Cash Reserves to Back The Currency - 0 views

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    The economic stability of the country is determined on the basis of equal opportunities available in the country for all countrymen without any discrimination. The economists have different thinking about economic stability of any country. According to economists, the value of currency is the major indicator for any economy to decide whether the country is economically strong or not. The countries with the strong currencies have noted positions in the country.
mike alfred

Private Banks And Their Role in The Economic Development - 0 views

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    The aim to stabilize the currency of Iraq, the central bank of Iraq allowed money exchange companies to open bank accounts in Iraqi dinar and US dollar directly in central bank. The purpose of these accounts to expand the sales of US dollars and other foreign currencies so that dinar could be stabilized in the country. More than 34 local and international companies instantly accepted the offer of central bank for opening accounts.
mike alfred

2014 - A Year Of Change For Iraq And Iraqi Dinar - 0 views

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    A country cannot make any development in any walk of the life without political stability. The people of Iraq with the severe terrorism threads came out of the homes to cast their votes as they want change now. The Noor Al Maliki administration could not control the major issues of Iraq like corruption and stability in the Iraqi dinar.
mike alfred

CBI Allows Financial Companies to Open Bank Accounts in USD And IQD - 0 views

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    With the aim to stabilize the currency of Iraq, the central bank of Iraq allowed money exchange companies to open bank accounts in Iraqi dinar and US dollar directly in central bank. The purpose of these accounts to expand the sales of US dollars and other foreign currencies so that dinar could be stabilized in the country. More than 34 local and international companies instantly accepted the offer of central bank for opening accounts.
mike alfred

Iraqi Dinar Deletion of Zeros is Suitable For Economic Stability - 0 views

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    Abdel Basat Turki the governor of central bank of Iraq said that it will not be possible for central bank of Iraq to delete the zeroes from currency of Iraq unless the economic development of Iraq. He said that country is not in a position to take this decision without a stable economy. He denied the statement of Maliki for revaluation before election 2014.
mike alfred

Stability Observed in Iraqi Dinar Exchange Rate - 0 views

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    Hoshyar Zebari confirms that Iraqi dinar exchange rate still remains stable, which is good sign for the investors, who are opting to invest in Iraqi dinar. This is correlated with the current downfall of the oil prices globally. There was a meeting held, where all of these major agendas were discussed along with the security, economic and political conditions of Iraq.
mike alfred

Low Oil Prices Have Made Economic Stability Dream Difficult - 0 views

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    International Monetary Fund discussed the falling trend towards oil prices, Along with this Mohammed Jawad accept finance minister Hoshyar Zebari, Political, economic, and Security plans to organize the programs in the coming days and especially 2015 budget.
mike alfred

Political Stability is Must For RV : Rashid Al-Hilali - 0 views

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    Iraqi Dinar 123 News:- Rashid al- Hilali warned on Friday; he stated that the condition of the Iraqi dinar is in jeopardy. He claimed to base his analyses on the fact that the political condition of the country is instable due to which the security conditions have been going down continuously resulting in lowering the price of the Iraqi dinar recently.
mike alfred

Stability of Iraqi Dinar Depends Upon Prices of Goods - 0 views

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    We have seen extraordinary rise in the commodities in Iraq since the situation has become instable by the clash between Iraq security forces and Islamic State for Iraq and Syria (ISIS) a Sunni militants group. People in Iraq are piling the vegetables and other eatables in their home to avoid any shortage of these commodities ...
mike alfred

The Association of private banks are coordinating with the Central Bank of Iraq - 0 views

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    Head of the Association of private banks in Iraq Wadi Nuri Monday, launching an extended workshop for civil and private banks in coordination with the Central Bank to discuss the latest Iraqi dinar exchange rate against the u.s. dollar in the local market.
mike alfred

The central bank seeks to stabilize the Iraqi dinar against the U.S. dollar - 0 views

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    The decision of the Commission on Economy and Investment parliamentary Muhma Khalil: "The central bank is obliged to maintain the exchange rate of the Iraqi dinar and a balance must be maintained by the sovereign and the feature in the Iraqi economy, because it is expected to be the Iraqi dinar economic identity in the region."
mike alfred

CBI Adds New Icons in Iraqi Currency Notes to Help Blinds - 0 views

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    Central Bank of Iraq is continuingly introducing new methods to protect currency from forgery and counterfeited issues to stabilize the Iraqi dinar at local and international market. Recently, central bank of Iraq introduced two codes for two currency notes 250 and 500.
mike alfred

Govt Invites Public to Invest in Frozen Funds - 0 views

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    The frozen assets of Iraq are under discussion by government officials and economists in Iraq. The government of Iraq is waiting for these assets to fulfill the deficiency of budget and also to enhance the economic stability in the country. Economists believe that Iraqi cash reserves will be double after adding these $82 billion.
mike alfred

Record Increase in Oil Prices After US Declaration - 0 views

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    Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.
mike alfred

Just Looking at Political Situation for Completion: Stryker - 0 views

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    Stryker the famous dinar expert is of the view that investors need to see the political situation of Iraq. The political environment will decide whether revaluation of dinar is going to happen or not. If the political situation of Iraq stabilized in next couple of days, the things will be in the favor of revaluation of Iraqi dinar.
mike alfred

Gold Prices Rise in The Market After Violence in Iraq - 0 views

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    Iraq is one of the biggest traders of gold in the market nowadays. Iraq focused on the international trade in gold rather than dollar or any other currency of the world. The aim is to enhance the value of its currency in the international market and to stabilize its economy. Iraq made some big deals that surprised the world in the gold. In 2014 only, the central bank of Iraq purchased more than 80 tons of the gold ingots from international market.
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