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Central Bank announces attempts failed due to the weakening of the dinar "Seven Facts"
6/19/2015
Twilight News / Governor of the Central Bank of Iraq announced Friday that the weakening of the dinar attempts failed, and talked about the presence of seven Facts he said it constitutes a shield fortified local currency. He said on the Keywords in a statement seen by Twilight News that "the facts of the past few days has shown that attempts to weaken the dinar speculators and attempts to fool hard facts failed to failure and will develop at any time."
"There are seven facts constitute a shield fortified local to our currency (including the) foreign currency reserves is twice the size of the Iraqi dinar in the market which provides cover to respond to any request," adding at the same time to "Access inflation to less than 2%."
He added that the third truth is "progressive increase in production and oil prices." He also pointed to "low consumer government spending dramatically."
And the Governor of the Central Bank that "the indicators and the facts confirm the defeat of terrorism in the near future," pointing to "almost daily coordination between monetary and fiscal policy for the first time."
He talked about the seventh fact and said it is a "no direct support from the International Monetary Fund and the World Bank and the Islamic Development Bank to overcome the oil price shock."
The Prime Minister Haider al-Abadi on Thursday on the need to maintain the dinar's exchange rate against the dollar in the local markets.
And it agreed the crisis cell, headed by the Prime Minister on the proposal to delete the central bank rate of 8%, which represents income tax and customs-added financial transfers.
He says the governor of the central bank's decision to cancel the duties and taxes will reduce the dollar exchange rate significantly.
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6/19/2015
Twilight News / Governor of the Central Bank of Iraq announced Friday that the weakening of the dinar attempts failed, and talked about the presence of seven Facts he said it constitutes a shield fortified local currency. He said on the Keywords in a statement seen by Twilight News that "the facts of the past few days has shown that attempts to weaken the dinar speculators and attempts to fool hard facts failed to failure and will develop at any time."
"There are seven facts constitute a shield fortified local to our currency (including the) foreign currency reserves is twice the size of the Iraqi dinar in the market which provides cover to respond to any request," adding at the same time to "Access inflation to less than 2%."
He added that the third truth is "progressive increase in production and oil prices." He also pointed to "low consumer government spending dramatically."
And the Governor of the Central Bank that "the indicators and the facts confirm the defeat of terrorism in the near future," pointing to "almost daily coordination between monetary and fiscal policy for the first time."
He talked about the seventh fact and said it is a "no direct support from the International Monetary Fund and the World Bank and the Islamic Development Bank to overcome the oil price shock."
The Prime Minister Haider al-Abadi on Thursday on the need to maintain the dinar's exchange rate against the dollar in the local markets.
And it agreed the crisis cell, headed by the Prime Minister on the proposal to delete the central bank rate of 8%, which represents income tax and customs-added financial transfers.
He says the governor of the central bank's decision to cancel the duties and taxes will reduce the dollar exchange rate significantly.
[You must be registered and logged in to see this link.]
