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BatmaninIraq
06-03-2015, 07:43 PM
Financial panic

Author: Yasser incumbent

06/03/2015 0:00

Excite financial crises plaguing the countries 'financial panic' cause in creating a state of panic among the public banks who have large financial deposits and is often caused this panic about expectations in the collapse of the currency Aujsairkd exposed to some of the banks that lead to the emergence of this case.

Although the crisis Almalahalta plaguing the country because of Astmrartzbzb oil prices that are indicators of liquidity disappearance of the national currency, the monetary policy is still porte reins (http://viglink.pgpartner.com/search.php?form_keyword=reins&mode=&r=999999) things in processing.

Therefore, it is different we have here in Iraq and the reason for the occurrence of such description "financial panic" that some wounded to rumors and not to the reality of the situation because the indicators so far do not portend including raises anxiety and panic, the source of these rumors come back to some of the statements of non-specialists on liquidity and focus on the aspects are not of interest and unrealistic.
advisable to leave these assessments by some who described the experts in the economy and they do not understand something of it to the owners of the experience, as should the economic press to address such a phenomenon and not marketing statements unrealistic.
proceedings up to this point is an important and helpful in mitigating the impact of the lack of liquidity, eight absence Anja not portends great danger as long as the country has the capacity physical Maysaad to overcome the crisis, and in such a case must be to speed up the enactment of the DepositInsurance Act (http://www.alibris.com/search/books/isbn/9781240210671) to restore confidence Bodaoualmassarv and activating investment and most importantly provide liquidity.

However, private banks initiatives and its attempts to reduce the dollar exchange rate to give up part of their profits do not come out because they eat, and required in this case search the reasons, he noted that 50 banks pledged reduction but the dollar did not budge.

This increase does not constitute a major threat as much as what interests destabilize the confidence of the citizen national own currency and if they grew it will lead the to a state Alzaralmala supposed to, but so far there is no hope of avoiding hindsight, waiting for new measures and tight because the reduction decisions are still without monitoring and auditing and on the central bank to take chock measures.
eight other behavior of departments of banks in dealing with the audience when withdrawals raises panic, required explaining to citizens withdrawals mechanisms in accordance with the available liquidity, making it the most satisfied.

The currency market so far normal by the law of supply and demand and, more importantly Is price stability will be achieved for the sake of the financial panic?

BatmaninIraq
06-03-2015, 07:44 PM
Expert: the issuance of the two categories of the fifty and one hundred thousand "unfortunate step"
Date: 03/06/2015 16:54
http://burathanews.com/uploads/image/article/230-0/2015-May-05-5548e77160fcf.jpg




Information / special / ..
Description economist contrary goldsmith issuing two new categories of the Iraqi currency to "step is successful," noting that these two categories will not reduce the demand for the dollar in the domestic market size.
jeweler said in a statement to Agence / information /, that " the determination of the central bank issuing the currency pair new step is [un] successful at the moment, because the issuance of this bulletin will cost the state treasury large sums of money in light of the financial crisis experienced by the country, as well as the intention of the bank to delete the zeros of the Iraqi operation, which means the destruction of these two categories in the near future. "
He said "This move has some pros on the trading volume of paper and reduce the money supply in the domestic commercial circulation, but it will not eliminate the need for the dollar to the lack of adequate safeguards in the Iraqi dinar against other currencies on the domestic level, as well as the need for merchants to buy goods in dollars from abroad ".
Central Bank of Iraq and intends to issue the process of new paper from the category of 50 thousand dinars and 100 thousand dinars not to grudge measures aimed to revive the local market chain.
The most likely parliamentary Finance Committee member Jabbar Abdul Khaliq reduced demand for the dollar in the Iraqi market with a new class version of the local currency . It ended 25 K

BatmaninIraq
06-04-2015, 12:33 PM
Zebari: seriousness of the financial crisis is over

June 4, 2015


BAGHDAD / Center Brief for the Iraqi Media Network (IMN), Finance Minister Hoshyar Zebari said that the country has completed its financial crisis, pointing out that the ministry is working applies for a loan from the World Bank to bridge the budget deficit.




He said Zebari's (IMN) that "the conditions began to improve the country and heading for the better, but we are now working to fill the deficit in the budget that this year," pointing out that "the international loan can fill the large budget deficit."


And the voice of the House of Representatives in January 29, 2015 federal budget law for the current year worth in excess of 199 trillion dinars deficit by about 25 trillion.