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Tag: Iraqi Dinar RV

CBI Approved for Adding 14 Excluded Banks for Foreign Currency Auction

CBI Approved for Adding 14 Excluded Banks for Foreign Currency Auction

On Thursday, the Iraqi Banks Association issued a press statement that the Iraqi Central Bank has approved to bring in all 14 banks which were left out in cold for currency auction. The statement also indicated that the Central Bank of Iraq has implemented most strict terms and conditions. The Executive Director of the Association Dr. Tariq issued a press statement that the Central Bank of Iraq has taken a decision about few days ago and stopped the 14 Iraqi…

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Launching Liquidity to Maintain U.S Dollar Exchange Rate: PM Adviser

Launching Liquidity to Maintain U.S Dollar Exchange Rate: PM Adviser

The Economic Adviser to the Iraqi Prime Minister Muhammad Saleh issued a press statement that Iraqi government needs instability of the U.S dollar exchange rates in the Iraqi domestic market, and to stabilize the Iraqi dinar exchange rate against major currencies. He also added that the high rise of the U.S dollar in the Iraqi local market was due to maximum daily auction sales limit of 75 million dollars, lower oil prices and smuggling problems. The Iraqi Central Bank announced…

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New Iraqi Bank Notes Will Reduce Demand of U.S Dollar: Finance Committee

New Iraqi Bank Notes Will Reduce Demand of U.S Dollar: Finance Committee

A member of the Iraqi Parliamentary Finance Committee Jabbar Al Abadi credited to the Iraqi Central Bank regarding currency strength of characters in the categories of 50 thousand and 100 thousand Iraqi dinars, to decrease the demand of the U.S dollars. Jabbar said in his press statement that the Iraqi Central Bank would issue new Iraqi dinar currency of large categories of 50 thousand and 100 thousand Iraqi dinars to cut back the demand of U.S dollars and foreign currencies,…

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Iraqi Dinar Would Get Strength From Large Currency Printing : Finance Committee

Iraqi Dinar Would Get Strength From Large Currency Printing : Finance Committee

On Monday, the Iraqi Parliamentary Finance Committee announced that the Iraqi Central Bank is working very hard to empower the Iraqi dinar by printing large amount categories of Iraqi currencies. A member of the Parliamentary Finance Committee Majda Al Tamimi issued a statement that the main reason behind the weakness of Iraqi dinar against the U.S dollar is due to the amount or quantity of demand and supply of money and difference between official U.S dollar prices against Iraqi local…

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Iranian Currency Affecting the Iraqi Currency Market

Iranian Currency Affecting the Iraqi Currency Market

In the cities of southern Iraq and Baghdad, after the U.S dollar and Iraqi dinar, the Iranian currency Altoman is at third rank in the Iraqi currency exchange market to reject the Jordanian dinar. There were several economic and political reasons to close the U.S currency in the Iraqi market, and to advance the Iranian Altoman currency who suffocated commercial transactions in most of the southern Iraqi cities, especially a free land route with Jordan. So, the trade between these…

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CBI to Implement Cash Management Policy

CBI to Implement Cash Management Policy

Iraqi Dinar 123 News:- Most of the Economic experts issued their statements on the issuance of the large amount of bank note categories. They predicted that the project of printing 50,000 Iraqi dinar notes by the Iraqi Central Bank is a part of Bank’s monetary policy and it would also help to support the Iraqi economy. The Governor of the Iraqi Central Bank announced yesterday during a meeting with the Parliamentary Economic and Investment Commission that the CBI has planned…

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Funds Transferring for Minors Auctions by the Central Bank

Funds Transferring for Minors Auctions by the Central Bank

Iraqi Dinar 123 News: – The department of the Ministry of Justice ready to give decision for transfer of funds in the Iraqi Central Bank auction, in order to get the money for the development of minors. The Director of the department said in an interview that the department is looking to invest money for minor’s development and we are also preparing to enter couriers within the CBI auctions for the month of April, but after the completion of some…

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Rasheed Bank has Started Replacement of Damaged Iraqi Currency

Rasheed Bank has Started Replacement of Damaged Iraqi Currency

Iraqi Dinar 123 News: – Rasheed Bank has announced a statement that we have announced instructions to all our branches to accept the old damaged currencies and replace them from the Iraqi citizens. A director of the bank Muhammad Abdel Wahab said that we are providing this facility to our citizens according to the Iraqi Central Bank directions. He said that we have started this process according to the directions of treasury department and the planning is to pull out…

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