Category: Dinar Daddy

GCC currency pegs remain resilient

Ever since Kuwait in 2007 returned to a more flexible exchange rate maintained between 1975 and 2003, pegging the dinar against a more diversified …

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Komercijalna most traded on Belgrade bourse, share indices end mixed

A total of 7,255 of the shares of Komercijalna banka changed hands in ten transactions, generating a turnover of 13.7 million dinars, the highest on the …

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Serbia sells below target 15.2 bln dinars (127.6 mln euro) of 3-yr T-notes – table

BELGRADE (Serbia), August 31 (SeeNews) – Serbia sold on Thursday 15.2 billion dinars ($151 million/127.6 million euro) of three-year Treasury …

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Libya’s currency crisis: Can Central Bank stop the decline of the dinar?

The margin between the official exchange rate and the black market rate for the Libyan dinar to the dollar is critical to this process. The official rate …

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Serbia’s central bank buys euros to stem dinar gains – dealers

The bank, which so far this year bought a total of 930 million euros ($1.1 billion), stepped in as the dinar traded at 119.07 to the euro. It last intervened …

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Serbia’s central bank buys euros to stem dinar gains – dealers

The bank, which so far this year bought a total of 930 million euros ($1.1 billion), stepped in as the dinar traded at 119.07 to the euro. It last intervened …

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Central Bank of Iraq Auctions $164584720 on 31 August 2017

… Iraq (CBI) currency auction on August 31 registered $164,584,720 in sales, a 3.30% volume increase from the US $159,325,731 sold by Iraqi Dinar, …

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Capitalized

Capitalized

08/30/2017

Knowing the size of the country’s monetary mass and the methods employed to achieve sustainable development is very important and employs great efforts to implement this matter under the supervision of highly experienced experts
Efficiency.

When we look at the size of the cash mass in Iraq, which exceeds 47 trillion dinars, we find it a very large number and can be done through a local capital cycle that contributes to the creation of industrial development revolution, agricultural trade in light of the availability of the elements of success.

The whole thing needs a real pause by the money experts to find ways that can move the mass of cash in the houses to the banking system, private and public, and here we must stand seriously when determining the presence of cash in the banking sector and work to address its challenges, especially if we know that the citizen looking About the safe haven of his finances.

Here we have to be serious about this important matter and create incentives that will bring money to the banking sector.

The need is that we work to achieve real integration between the central bank and private banks without exception and find ways to ensure the existence of cash in banks and there is a high flow in the deposit and withdrawal of funds, as well as a law guarantee deposits, which in turn will sow confidence between the parties to the process, the citizen and the
banking system .

At the same time, all banks must develop their working mechanisms in a manner that leads to the creation of a sophisticated banking sector that encourages capitalists to choose the best bank
among them.

The reality of the work in Iraq in light of the need for liquidity to finance various projects, and overcome the crisis of confidence between depositors and banks because of the decline in the performance of some private banks not to adopt advanced systems in the management of
depositors’ funds .

The country on the threshold of a new stage of work requires the creation of an environment that contributes to the transfer of money from houses to banks, and we know that the beneficiary is looking for safety, and here must be a mechanism to employ the funds Almtzzona guaranteed trends to achieve the benefit of all these parties and thus can support the reality of liquidity and maintain the Capital Cycle in
Iraq.

Here we can move towards successful global experiences and employ them in the direction that goes to the financial sector to
safety.

http://www.alsabaah.iq/ArticleShow.aspx?ID=143581

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