*********** Keywords: central bank reserves stood at $ 68 billion and category 50 thousand will be issued end 2015

Author: HH
Editor: AB, HH
06/20/2015 11:51



Long-Presse / Baghdad


Said Governor of the Central Bank of Iraq on the Keywords, on Saturday, that the central bank dollar reserves currently stands at $ 68 billion, and stressed that the current amount is a good up and high than it was during the past year in 2014, by $ two billion, with most likely launch a new financial category worth 50 thousand dinars end of this year, he pointed out that he had asked to postpone the launch of the 100 thousand dinars category to another time.

He said on the Keywords during a joint press conference with the President of the Association of private banks in Iraq and Wadih Handal held in Baghdad and attended (range Press), "The central bank dollar reserves is a variable number today where currently stands at 68 billion dollars, while the money supply size of the dinar it up 40 trillion dinars, or half the rate of the dollar, "noting that" the reserve is a variable number on a daily basis and we keep it in good form which is high than it was on the first of January 2014. "

He called Keywords on everyone to "understand the issue that not all reduction in the reserve of the dollar means that there is a problem," stressing that "the state is not bankrupt, but there is a problem in liquidity and this is controlled by the shortage does not threaten employees' salaries and did not exhaust the resources that cover this deficit and we are working closely with the Finance will meet any gap in this area. "

Keywords He continued that "the central bank in the past restructure the currency and the issuance of currency higher categories," explaining that "these issues are different points of view, but the central bank studied well."

He guessed Keywords "The launch of a new financial category of 50 thousand dinars end of this year and the launch of the 100 thousand dinars a class at another time," adding that "the central bank called for delaying the release of 100 thousand dinars category because it is the economic accounts do not create inflationary pressures, but from a psychological point of creating such it must therefore gradient in this matter. "

The Prime Minister Haider al-Abadi stressed, on Thursday (the eighteenth of June 2015) on the need to follow up and address any problematic novel about the dinar exchange rate against the dollar in the local markets, as approved crisis cell on the proposal of the Central Bank delete the amounts added on remittances, stressed the need commitment to the oil agreement with Erbil.

The Iraqi Central Bank announced, in (the eighteenth of June 2015), sold for $ 203 million to applicants in the currency auction, as he emphasized the need to cover the market.

Economists attributed, in the (16 June 2015), the high dollar exchange rate against the dinar to the floundering economic policy, and the neglect of the productive sector, while the Parliamentary Finance Committee confirmed that the concerned state has taken action to support the value of the dinar, which increase the width of the dollar in the market Package and acceptance of all purchase orders submitted by traders and banking companies and banks, and the abolition of tax deposit and customs that were collected in advance by eight percent.

Finance Committee in the Iraqi Council of Representatives promised, on Monday (the fifteenth of June 2015), that many of the question marks are raised on the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar, while the economic and investment commission parliamentary felt that many of the economic crisis solution is to amend the law so as to ensure the bank's independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of responsibility and speculators, and vowing action "deterrent"

The Central Bank of Iraq, decided Tuesday (June 16, 2015), considered Saturday formally durable, banks to meet the need of the currency, noting that it reduced the duration of the special deposit amounts from ten to five days.

And it saw the dollar exchange rate steady rise in the local markets, from about 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently.


http://www.almadapress.com/ar/news/50428/العلاق-احتياطي-البنك-المركزي-بلغ-68

Central Bank: Class 50 thousand dinars will be issued end of the year and demanded a delay of 100 thousand

Saturday 20-06-2015 | 11:58:25


Twilight News CBI / announced on Saturday by the issuance of 50 000 dinars a class of local currency the end of this year, while the detection of his request to wait in the issuance of class 100 000 dinars.

The central bank said the province on the Keywords in a joint press conference with the President of the Federation of the depositary banks Handal, said that "in the past the bank issuing the currency of the highest category, has been studied this subject from all dimensions."

He Keywords that "he may be at the end of the announcement being printed 50 thousand dinars category," noting that "the 100 class probably will be released in another time and asked for delaying in order to avoid the occurrence of any inflation."

http://www.ara.shafaaq.com/15253