Delta Friday Night 5-25-18 "Banks and Dinar Recovery"
Page 1 of 1
Delta Friday Night 5-25-18 "Banks and Dinar Recovery"
KTFA:
DELTA: BANKS AND DINAR RECOVERY
26/5/2018 12:00 am
Samir Nusairi
more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price, despite pessimistic forecasts Which traders speculate that the dollar exchange rate will rise during the election and after the results emerge or cause the political circumstances of the US escalation against Iran.
For the purpose of (wink) assigning decisions of the Central Bank and maintaining the recovery of the dinar requires the Iraqi banks and branches of Arab and foreign banks operating in Iraq to go to real banking and activate the financing of small and medium enterprises and provide modern electronic banking products and attract deposits and participate in the establishment of the insurance company deposits and the establishment of the national companies to finance large projects
....
Which contribute to commercial and Islamic banks and cooperation with the Central Bank in the implementation of its policy in support of the development of the banking sector in accordance with the directives of the Governor of the Central Bank of Iraq last in the periodic meeting The last monthly of banking leaders and emphasis on the stability of the exchange rate and recovery of the Iraqi dinar.
And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity.
The time has come for our banks to move to the practice of real banking, which is to provide modern banking products to the public and provide the best services to customers and work to increase the proportion of financial coverage .
The banking sector should play an important and important role in the development and revitalization of the economic cycle,stressing that the stability of the exchange rate should not make banks afraid of their future in the banking market.
On the contrary, the stability of the exchange rate should be an incentive to improve the banking sector and achieve growth in the national economy and stability in the monetary and financial system. And the trend towards investment and reconstruction.
http://www.alsabaah.iq/ArticleShow.aspx?ID=157649
Toyvp: IMO In paragraph 1 it looks to me as if they are telling them to STOP THE AUCTIONS
And in #2 they are telling them to put on their big boy pants Gotta love it
Iobey777: Oh WOW, Delta!!! What an article!!! I love the words NOW and RECOVERY OF DINAR!! I also really like the phrase "immediately leave the total dependence on the window selling foreign currency"!! Are you Kidding me??? No! I don't think they are! IMO, this is a VERY SERIOUS article!!! It may just be an "opinion" piece, or it may be a very planned prelude to what the CBI will do next!!!
(link to article) found in the FA #81 is in our face!~.. Here is why ~ MM..
"While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes." FA 81 (Finak Article)
MilitiaMan: A change in currency is coming when new modern banking products are implemented or launched. They need to be fast about it too. (Go figure. lol) ~ MM
"The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community."
"The next phase of currency reform is the conversion from old cash currency to new. "
MilitiaMan: I am of the opinion that Irag has provided all the above. Add in that Alak the CBI Governor was in the media having along side him the presentation boards and ATMs...
That is what we have learned to be coming form our study with Frank26 and Walkingstick, etc..
The ATMs are now and have been in place..
The Modernized banking is in effect, the ability to have E-Dinar or Lower Denominations.
We also see the political side of things be for Economic reforms and Articel 140 being for the citizens to bring out of poverty and share the wealth..! Here is a quote from a FA. ~ MM
"And promoting the circulation of small denomination banknotes." ~ FA 80
MilitiaMan: Other considerations that should or need to be noted, are as follows.. Imo Done! ~ MM
"Important as all these preparations are, the success of a currency reform depends just as much on a successful public education campaign. The central bank needs to coordinate this campaign with other agencies, financial sector representatives, merchants, and the general public. A delicate balance must be struck between providing sufficient public information and the need for confidentiality to avoid releasing clues to counterfeiters that could be used to undermine the integrity of the new currency.
The information campaign should encourage people to deposit their cash currency in accounts at banks. The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes.
A second important point for the public education campaign is timely information on the stages of the currency reform to discourage a run on banks with temporary liquidity problems.
MilitiaMan: The bigger picture may be in view for all now.. It sure is for me.. imo ~ MM
Similar topics
» ."CBI News" From Delta Late Friday Night 8-10-18
» Delta and KTFA Members Friday Night 6-8-18
» Frank, Delta and KTFA Members Late Friday Night 10-5-18
» Delta and KTFA Members Friday PM "Imminent"
» Frank, Delta and KTFA Members Friday PM 7-26-19
» Delta and KTFA Members Friday Night 6-8-18
» Frank, Delta and KTFA Members Late Friday Night 10-5-18
» Delta and KTFA Members Friday PM "Imminent"
» Frank, Delta and KTFA Members Friday PM 7-26-19
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum