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CBI project called ATM
ID number: 2426 Issue Date: 22/12/2011 day: Thursday
Last Updated: 22/12/2011
BAGHDAD - Follow-up:
Central Bank of Iraq announced that it began implementing a project divided the national aims to provide ATM service to citizens across the devices installed in different areas.
The deputy governor of the Central Bank of the appearance of Mohammed Jawad, said "the Central Bank approved the project divided the national, which allows users in both government and private banks disposing of their money through credit card and dissemination devices exchange markets, train stations, airports and public places."
"The government and private banks expenses will be covered by the company implementing the project and the process of buying the equipment and its installation," pointing out that "the central bank will oversee the supervision years divided the national project."
Jawad said that "the shareholders of any bank, government or private will be able to withdraw their money through the divided national or ATM this year and will contribute in enhancing the bank in the country."
The total capital of Iraqi private banks billion and $ 600 million currently, other than that owned by the branches of Arab and foreign banks operating in the country.
To that recorded sales of Central Bank of Iraq, Monday, $ 240 million in the auction for the sale and purchase of foreign currencies, the exchange rate based on 1170 dinars per dollar, a high figure for the previous session, which at 192 million.
The bulletin issued by the Central Bank that the total volume of demand on the dollar stood at 240 million and 850 thousand dollars, covered by the central bank at an exchange rate basis was 1170 dinars to the dollar. "
The central bank sales in the previous session of 192 million and 939 thousand dollars.
And distributed auction sales on the "cash sales of $ 30 million dollars, the exchange rate was 1183 dinars per dollar," inclusive "commission the Central Bank amounting to 13 dinars per dollar," while sales orders, "$ 140 million and 850 thousand dollars at the exchange rate was 1183 dinars per dollars, "inclusive" commission the Central Bank amounting to 13 dinars per dollar, "and showed the bulletin that" did not make any of the banks of the 27 participating in the auction with offers to sell the dollar. The exchange rate rose at the beginning of this week to reach a price of 1225 dinars per dollar, 1235 dinars per dollar, after it was "between 1190 and 1200 dinars per dollar during the past few months.
Specialists, which attributed to the influence of citizen concern about the U.S. withdrawal, which resulted in savings in foreign currency in case of any emergency security, while the Iraqi Central Bank commented on the high exchange rate, saying that "price bubble" resulting from an internal cause of concern is the citizen of the retreat of the security situation because of the security situation and the political shift to the Iraqi trader and broker because of the security situation and thereby increasing demand and high price of the dollar.
But at the same time the Central said that the exchange rate will not be back soon, because of the ability of the Central Bank to pump large amounts of foreign exchange to the domestic market thanks to the large cash reserve, which enjoyed.
The Iraqi central bank held five sessions weekly auction from Sunday to Thursday for the sale and purchase of foreign currencies, and receive a cash commission on the sale of about 13 dinars per dollar, and receive a commission of 13 dinars per dollar on the sale of remittances outside the country.
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ID number: 2426 Issue Date: 22/12/2011 day: Thursday
Last Updated: 22/12/2011
BAGHDAD - Follow-up:
Central Bank of Iraq announced that it began implementing a project divided the national aims to provide ATM service to citizens across the devices installed in different areas.
The deputy governor of the Central Bank of the appearance of Mohammed Jawad, said "the Central Bank approved the project divided the national, which allows users in both government and private banks disposing of their money through credit card and dissemination devices exchange markets, train stations, airports and public places."
"The government and private banks expenses will be covered by the company implementing the project and the process of buying the equipment and its installation," pointing out that "the central bank will oversee the supervision years divided the national project."
Jawad said that "the shareholders of any bank, government or private will be able to withdraw their money through the divided national or ATM this year and will contribute in enhancing the bank in the country."
The total capital of Iraqi private banks billion and $ 600 million currently, other than that owned by the branches of Arab and foreign banks operating in the country.
To that recorded sales of Central Bank of Iraq, Monday, $ 240 million in the auction for the sale and purchase of foreign currencies, the exchange rate based on 1170 dinars per dollar, a high figure for the previous session, which at 192 million.
The bulletin issued by the Central Bank that the total volume of demand on the dollar stood at 240 million and 850 thousand dollars, covered by the central bank at an exchange rate basis was 1170 dinars to the dollar. "
The central bank sales in the previous session of 192 million and 939 thousand dollars.
And distributed auction sales on the "cash sales of $ 30 million dollars, the exchange rate was 1183 dinars per dollar," inclusive "commission the Central Bank amounting to 13 dinars per dollar," while sales orders, "$ 140 million and 850 thousand dollars at the exchange rate was 1183 dinars per dollars, "inclusive" commission the Central Bank amounting to 13 dinars per dollar, "and showed the bulletin that" did not make any of the banks of the 27 participating in the auction with offers to sell the dollar. The exchange rate rose at the beginning of this week to reach a price of 1225 dinars per dollar, 1235 dinars per dollar, after it was "between 1190 and 1200 dinars per dollar during the past few months.
Specialists, which attributed to the influence of citizen concern about the U.S. withdrawal, which resulted in savings in foreign currency in case of any emergency security, while the Iraqi Central Bank commented on the high exchange rate, saying that "price bubble" resulting from an internal cause of concern is the citizen of the retreat of the security situation because of the security situation and the political shift to the Iraqi trader and broker because of the security situation and thereby increasing demand and high price of the dollar.
But at the same time the Central said that the exchange rate will not be back soon, because of the ability of the Central Bank to pump large amounts of foreign exchange to the domestic market thanks to the large cash reserve, which enjoyed.
The Iraqi central bank held five sessions weekly auction from Sunday to Thursday for the sale and purchase of foreign currencies, and receive a cash commission on the sale of about 13 dinars per dollar, and receive a commission of 13 dinars per dollar on the sale of remittances outside the country.
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