Demand for IQD rises, Signs of International Circulation post CH VII

Posted: July 6, 2013 in Iraqi Dinar/Politics
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Financial: dinar improvement after Iraq emerge from Chapter 7

05/07/2013

Banks began international circulation of Iraqi currency in the first signs of the withdrawal of Iraq from Chapter VII, in conjunction with the announcement of the Iraqi Central Bank high volume of reserves of Iraq from foreign currency to $ 76 billion in addition to the 30 tons of gold bullion.

says advisor to the Ministry of Finance Hilal Taan that “This reserve will help to raise the value of the Iraqi currency compared to foreign currencies and thus will contribute to reduce the prices of goods and commodities.”

and supports the currency reserves in the Central Bank of the Iraqi currency inside and outside Iraq, and that the increase in oil imports may directly contribute to increase the reserve and thus give more support of the Iraqi currency.

says economic expert Majid picture that “investing the surplus reserve as if he found must harnesses according to the policy of economic thought” and called on the House of Representatives to enact economic and development that will provide greater support for the Iraqi currency.

For his part, criticized a member of the Finance Committee parliamentary Ahmed electrodes laws and banking systems followed in Iraq, uncertain that the House of Representatives is determined to enact laws regulating the banking business in the future.

central bank had said earlier that Iraq is in control of his money and treasury of gold in the international banks also drew the bank to be out of Iraq from Chapter VII will give him freedom the largest to act and attract foreign investment.

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Financial: improved after Iraq Dinar from Chapter 7

05.07.2013

International banks began trading at the first signs of Iraqi currency to exit Iraq from Chapter VII, in conjunction with the Declaration of the Iraqi Central Bank, the high volume of foreign exchange reserves in Iraq to 76 billion dollars in addition to 30 tons of gold bullion.

And says Treasury Adviser Helal altaian “this reserve will help raise the value of the Iraqi currency, compared with foreign exchange and thus contribute to the reduction of prices of goods and commodities.”

And supports the Central Bank’s currency reserves, the Iraqi currency into and out of Iraq, and increased oil imports might contribute directly to increasing the reserve and give more support to the Iraqi currency.

Economist Mohammed Souri “the investment of surplus reserve if found to be used as a deliberate economic policy”, calling on the House to enact economic and development that will provide greater support to the Iraqi currency.

He criticized the parliamentary Financial Committee member Ahmed tracks laws and banking regulations followed in Iraq, confirmed that the House was determined to enact laws regulating banking in the future.

The Central Bank said earlier that Iraq controlling its money and gold in the Bank also drew global banks to exit Iraq from Chapter VII would allow him greater freedom to act and attract foreign investment.

http://www.iraqhurr.org/content/article/25037867.html

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