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mike alfred

Auction Sale Balances Demand and Supply of Foreign Exchange - 0 views

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    Iraqi Dinar 123 News:- The central bank of Iraq in its statement said auction sale of foreign exchange in the country is to balance the foreign exchange rate in the market. It is admitted fact that demand and supply of foreign currency in the country create direct impact on the value of local currency in the market.
mike alfred

New Exchange Rate is Expected in June - 0 views

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    The economists are expecting the new exchange rate from central bank of Iraq in May 2014 and advising the international companies to deal accordingly. Some people are of the view that central bank will not be able to issue the new rate until the declaration of annual budget of Iraq.
mike alfred

Iraq's Dual Exchange Rates and Its Effects - 0 views

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    After a huge criticism on monetary policies of central bank of Iraq by economists and government of Iraq, the central bank of Iraq introduced de facto dual exchange rate system in the country. This system allowed central bank of Iraq to control the value of dinar in the country as well as in the global market. According to this system, Iraq introduced two exchange rates for the different sectors of the economy.
mike alfred

CBI Can Support Dinar Exchange Rate - 0 views

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    Abdul Basit Turky, the governor of central bank of Iraq said that central bank of Iraq has ability to support Iraqi dinar exchange rate even in the worst political environment of the country. He said that law and order situation of Iraq will not affect the exchange rate of Iraqi Dinar in the international market.
mike alfred

ISX Conference to be Held on May 14th And 15th - 0 views

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    The Iraq stock exchange conference is going to hold in Erbil 14th May 2014. Iraq will discuss the financial matters of Iraq and international market on the basis of newly established Iraq stock exchange. Iraq stock exchange is operating with thirty listed join stock companies and trying to enhance the scope of the stock exchange locally and internationally.
mike alfred

Big Changes Expected in the Iraq Stock Exchange - 0 views

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    General elections of Iraq are over now. The election result is about to come. The officials of central bank of Iraq are taking keen interest in the business activities in the country. Most of the official is expecting some big changes in the money market of Iraq, especially in the stock exchange.
mike alfred

Difference of Exchange Rate Between Central Bank And Other Companies - 0 views

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    Hassan Al-Bayati: Difference of exchange rate between central bank and other companies is the sign of corruption The central bank of Iraq is losing the control over commercial banks and other banking companies, said, Hassan Al-Bayati the noted member of finance committee of Iraq.
mike alfred

CBI Policies and Its Impact on Dinar Exchange Rate - 0 views

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    Iraqi Dinar 123 News:- It was seen that the Central Bank of Iraq asked for the management of the dinar exchange rate to be managed according to the price given out by CBI. It is very important for all the private banks to follow the instructions given out by the Central Bank.
mike alfred

Stable Exchange Rate is The Sole Aim of Private Banks Association - 0 views

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    Hussein al Tamimi is now new chairman of the Association of Private Banks in Iraq. He held a meeting Baghdad last night and decided to participate in the economic development of Iraq. Tamimi said that he is worried about exchange rate of Iraq currency in the global market.
mike alfred

Erbil Market Enters Stock Exchange - 0 views

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    Erbil market for securities managed to gain membership for the Union of Arab Stock Exchanges and participated in the annual meeting in June for the first time. The Chairman of the Administrative Council Abdullah Ahmed Abd Rahim said that being a part of the market would prove to be quite helpful for our workers.
mike alfred

IMF And BIS Can Play Good Role in Dinar Revaluation - 0 views

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    The central bank of Iraq invited money exchange companies to do business with central bank by selling US dollars and other foreign currencies in the country. Central bank offered this business opportunity to the money exchange companies after meeting with World Bank and IMF in Washington DC.
mike alfred

Auction Goes Over 200 Million Dollars - 0 views

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    he Central Bank of Iraq holds auction five days a week. In this auction several banks of the country take part and sell dollars in exchange for dinar. The CBI gave the statement on Sunday that auction today went over 200 million dollars and was 200.545 million dollars at an exchange rate of 1166 dinars against one dollar. This is fruitful for the Central Bank as they earn profit against every single dollar.
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

CBI Looking For Option to Sell Off Petrodollars Without Daily Auctions - 0 views

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    After getting support and appreciation of World Bank and IMF, the central bank of Iraq decided to expand the area of operation for dollar auction in Iraq. For this purpose the special agreements are signed with the different money exchange companies to sell dollar and Iraqi dinar to the different companies, traders and importers.
mike alfred

Delay in Budget And Its Impact on Dinar Exchange Rate - 0 views

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    Iraq and Kurdistan could not create consensus between each other on the oil policy and as a result annual budget of Iraq is pending approval. The value of US dollar decreased in the last two days against Iraqi dinar and it is all due to positive policies of central bank of Iraq.
mike alfred

Iraqi Stock Market Shows Optimistic Signs - 0 views

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    Despite the poor law and order situation in different major cities of Iraq, the Iraq stock exchange showed a great move in the trading in the last two days. The head of Security Commission said that the necessary measures have been taken to control any emergency situation in the country and in the stock exchange to protect the investments of local and foreign companies in the country.
mike alfred

The Sales of US Dollar Reaches 299,000 at Auction - 0 views

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    The money exchange companies are allowed to open direct account in the central bank of Iraq to sale and purchase US dollars at central bank auction. The money exchange companies have independent accounts but they don't operate independently.
mike alfred

Iraq Stock Market to Starts at 350 Index - 0 views

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    Iraq has not been financially and economically stable enough that they could take part in the stock exchange. With the handling of data and due to the auction sessions done by the CBI have proved to be helpful for all in a better way. the Asher Iraq stock exchange has changed and managed the ratio of it at 0.06 which is a good way to trade the different things in a better way.
mike alfred

Higher Trading Volume of Iraq Securities in Foreign Market - 0 views

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    The Iraq stock exchange, the higher number of foreign stock is traded in the last week, according to Securities Commission of Iraq. The total volume purchased this week was calculated up to 71 million shares that is almost double than that of its previous week sales.
mike alfred

The Launch of The Petro-Dollar Exchange Money - 0 views

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    Dhi Qar province to launch money exchange petro dollars and set up their own account and not be subject to the authentication mechanism on the state budget to address the effects of delayed approval of Parliament for the federal budget for the current year after eight months of it until now.
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