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Thread: Changes Is COMING!!! 10-25-2017

  1. #141
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    Quote Originally Posted by BatmaninIraq View Post
    a friend of mine (iraqi) contacted me and he told me that something will happen very soon...

    Sure thing

  2. #142
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    2008 you been saying this

  3. #143
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    Our beautiful Arab capital, Baghdad, is preparing to celebrate its new era. A few hours away from the big event is the opening of the Baghdad project, which will turn the squares of Baghdad into beautiful oases and bright and shining in order to restore joy and smile on the lips of our great Iraqi people.
    The various countries of the world are making use of success experiences in various areas of life. They were the basis for the social construction of their peoples and their economic and social development. The important reason for this was the emergence of successors and innovators in the economic, financial and social conditions and crises in their countries. They are doing exceptional, creative and intellectual efforts to serve their country and their people. And these successful experiments recorded their clear creations on the spread of happiness and well-being of their communities and they are now symbols of building and growth and economic development and civilization in Iraq and the most creative and national realists. The same steps of the success and creativity makers in the world especially as Iraq is currently going through economic and financial crises and humanity is in need of creative and intellectual at home and abroad, who proved their competence and patriotism and love for Iraq and its people. These men actually appeared to work to build Iraq again was the adoption of Professor Central Bank Governor The Iraqi Professor Ali Mohsen Al – Alaq and the Central Bank Administration invited the great musician Naseer Shamma in the Baghdad project and supported and supported by the Association of Iraqi private banks and its president, Wadih al – Hanal and funded by private Iraqi banks and one government bank and the adoption of the magazine The Ministers, in coordination with the Municipality of Baghdad and under the supervision of the Central Bank of Iraq, is a real beginning for the new development structure of Iraq after a great support, confidence and confidence in our original Iraqi creators and our Iraqi private banks because the new Iraq is for its sons only its nascent sons.
    Iraq News Source:

  4. #144
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    Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold


    The director of financial operations and debt management at the Central Bank of Iraq, Dr. Mahmoud Mohammed Dagher, that Iraq's foreign currency reserves amounted to 58.7 billion dollars, noting that the net reserves of the Central Bank of 48.3 billion dollars, and the rest is the balance of the Ministry of Finance at the bank.
    "It is natural that all the countries in the world hold financial assets, namely bonds and remittances, especially the US, because they are highly reliable and easy to compare with other assets," Dagher said in an interview with Al-Sabah Al-Jadeed newspaper.
    He added that "the bank's reserves of 48.3 billion dollars distributed across eight countries to preserve the risks and comes in the forefront of the United States, Switzerland, France and Britain, while the distribution of these reserves on several types, including cash and bonds and gold," noting that "Iraq has 89 tons of gold And the depositor in London. "
    "We can have a dollar bond and can change it into bonds in the pound sterling, euro or yen, but you can buy gold, and we have US deposits in dollars. All of these items are in our possession," he said.
    "The citizen has the right to replace the local currency (dinar) in the US currency (dollar) through the window of the currency, which was called (auction currencies) to finance the import and this is applicable in all countries of the world, because the government alone has a dollar of exports Oil, and in return the dinar is withdrawn to pay salaries and finance projects in the sectors of construction, agriculture and industry.
    He pointed out that "the Iraqi citizen can now travel for treatment or rest and recreation or even the acquisition of housing, all through the replacement of the national currency in foreign currency in the case of any citizen in any country in the world, while this was prohibited in the time of the former regime.
    The director general of financial operations and debt management that "we funded the projects through banks, and here was the inability of contractors to pay the loans granted to them, because the government originally did not meet their obligations and did not pay the amount of the value of these projects and therefore the deficit, but the government "It started to pay off its contractors in 2017."
    And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation, The central bank will inject the paper currency category 250 and 500 dinars to the local market in quantities that eliminate the existing health to be within the reach of the citizen to trade.

  5. #145
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    10/9/2018 12:00 am

    Confirmed its continuation by replacing the damaged amounts
    Baghdad / Sabah

    The Central Bank of Iraq intends next month, to put large amounts of local currency, small groups, while continuing to receive the currency damaged by citizens and replace it
    New.
    The Governor of the Bank, Dr. Ali Alalak in a meeting with the “morning”, will be published later: “The Central Bank of Iraq, the development of a plan to compensate the market small categories of local currency, as will be next month large quantities and huge ones,” noting that ” Will meet the need of the local market for those categories
    of currency. ”
    He added that “the bank continues to receive local currencies damaged by citizens and replace them with new currencies,” revealing at the same time, “the existence of a specialized committee to examine the damaged papers to ensure the integrity of fraud
    and manipulation.”

  6. #146
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    9-17-2018

    The governor of the Central Bank Ali Al-Alak, on Monday, the intention of the bank to put large amounts of currency from small groups in October next, pointing out that it is a plan to compensate for the existing small groups damaged.Al-Alak said in an interview with the official newspaper Al-Sabah that "we have small coins in appropriate quantities, but the movement, circulation, use and lack of care of them lead to rapid damage, as the Central Bank of Iraq, after 2004, Big but not accepted or popular in the local market, which caused losses, because the market was accustomed to the paper currency, which makes it difficult to market the currency.
    He added that "the central bank recently put in place a plan to compensate for the existing small categories damaged, as next month will be large quantities of them will meet the needs of the market completely."
    "The bank receives a lot of damaged banknotes and replaced them with new banknotes through an expanded committee to examine them, to make sure their validity, our doors are open to citizens to receive any amounts of currency damaged. Ending / 25

  7. #147
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    Parliamentary finance reveals the date of preparation of grants and loans of the Kuwait Conference

    BAGHDAD / A member of the parliamentary finance committee, Ahmed Hama, revealed on Sunday the date of the preparation of loans and grants obtained by Iraq from the reconstruction conference of Iraq in Kuwait, indicating that these funds will be included within the budget of 2019.

    "The loans and grants that were presented to Iraq at the conference for the reconstruction of Iraq in Kuwait need to be approved by the House of Representatives and therefore will be prepared in the middle of the next fifth month and will be included within the budget of 2019," Hama told Iraq News.

    He continued that "all loans and grants to the federal state according to Article 110, which is the exclusive powers of the state and therefore require the approval of the legislative authority and must be within the draft budget law."

  8. #148
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    Small denominations of currency

    Author: Mohamed Sherif Abu Maysam

    24/9/2018 12:00 AM

    Economists define money as anything that is generally acceptable to pay for economic goods or services or to repay debt.

    Money is the basic part of human life, especially after the end of the barter can not eat or drink or spend his work only with the availability of money has, after this simple illustration in this article explains the role of the Central Bank not to put it for small cash categories (250, 500) This is what I hear from most of the public when we rent a car or when we buy clothes or food. Economic researchers are talking about why the central bank did not print small (new) monetary categories and which department is responsible for the currency.

    The answer to this question is that I did not defend the Central Bank and did not make any effort in this matter, despite the fact that it is an important and sensitive subject. There is a claim that the most important function of the Central Bank is issuing the currency. I disagree with them on this point. The center is printing the Iraqi currency in the best printing presses in the world, namely (Germany) and therefore there is a department of issuance and the treasury is responsible for issuing and follow up this money, especially (small).

    The 250 currency currency has a life to reprint and the cash currency (500) has the same age to be reprinted. The central is to replace the most used (damaged) cash categories (250, 500) from the public and banks without a commission. This is a step towards achieving The stability of the bank will be carried out by the Central Bank successfully.

    In addition to the withdrawal of a large amount of categories (damaged) from the public daily, the Department of the issuance and cabinets in the Central Bank of Iraq to withdraw these categories damaged from the public and replace them with new categories and then press and puncture and tearing in the sites of the Department of the issuance and then print new categories with their cost .

    The centralist has a great responsibility and is capable of this task, where he works to follow the reality of the cash circulation, and takes into account the circulation of the small group and non-acceptance of the damaged ones in simple daily transactions, so the solution was to work to put the required categories .

  9. #149
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    Central Bank: We plan to restructure the Iraqi currency


    Updated 17/09/2018 1:22 pm

    Baghdad / Dinar / .. Revealed the central bank governor on the existence of a future plan to restructure the Iraqi currency, including the deletion of zeros, while noting that the bank currently defends the issue of the currency of the category of 100 thousand dinars.

    The governor of the Central Bank Ali Al-Alak in an interview with the newspaper Al-Sabah and looked at by the agency, "Dinar / Economic: The idea of ​​putting the currency of the category of 100 thousand dinars traded by the Central Bank, but at the moment to delay them, indicating that there is a tendency in some countries to reduce the currency categories so as not to To be stored or falsified. "

    He added that the currencies with small categories, may lead the citizen to bid farewell to banks for the difficulty of storage, "revealing that" the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation fully so as not to Exploiting this in acts of forgery and others. " End quote 22 /

  10. #150
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    Intelligence sources: unknown destinations behind the crisis of small currencies .. The Central Bank reveals the truth


    Intelligence sources revealed on Wednesday unknown sources accused of being behind the "crisis" of small monetary groups "Fakkah."
    She stressed that these parties are buying the amount of 100 thousand dinars from the small cash categories at 110 thousand dinars, which is denied by an economist, stressing that the Central Bank of Iraq will solve the "crisis" during the next two weeks.
    Since the beginning of this year, the local market has witnessed a suffocating crisis in the availability of small denominations of coins (1000 dinars, 500 dinars, 250 dinars), until the price of one hundred thousand dinars of small currencies worth 110 thousand dinars.

    Intelligence sources said that "unknown and unknown bodies, whether internal or external, are behind the scarcity of small cash groups from the local market."

    "Since the first half of this year we have observed a new situation in the Iraqi market, the purchase of one hundred thousand dinars of small cash categories of 110 thousand dinars in the categories of more than five thousand dinars and above."

    The sources attributed this to "an attempt to reduce the value of the Iraqi dinar against foreign currencies, so that whenever the small groups disappeared, dealing with the higher categories, and thus become the last categories is the currency traded in the market."

    However, economic expert Hammam al-Shamma said that it is not so and what is happening now is a "temporary situation."

    He said that "the scarcity of small groups of the Iraqi currency in the market is a temporary situation because the central bank cut large amounts of them and once it starts pumping in the markets gradually ending the crisis."

    "The phenomenon of small groups is small because of the frequent circulation and need by small sellers, so they are sold at a price higher than their relative value and when the market is available, the crisis ends."

    Al-Shamaa denied that there are "parties behind the crisis of small cash groups," adding that "the crisis will end within two weeks after pumped quantities of small groups."

    Drivers of public transport, shop owners and markets told Al-Ghad Press that they are facing a "real crisis" in providing small cash groups and are often embarrassed both by their customers and public transport drivers, who said the crisis affected their daily income.

    A number of the drivers of the medium transport buses (Koster) and small (Kia), some of them buy the 25 thousand dinars of small groups at a price of 27500 dinars.

    "We are facing a big problem with small currencies,but they are concentrated in the category of 500 dinars. Most of the passengers pay 1,000 dinars and they have 500 dinars left. We have the right to repay them, but from where we do not exist in the market, we have to pay them back, 1000 dinars) some of them do not take it and few take it, but the result both of us damaged, passengers pay 1000 dinars twice the fare, and the driver waives his wages.


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