Thread: what do you think?

April 2007 News & Updates

Iraqi cabinet endorses 50 million iraqi dinar loans for small projects
April 07, 2007

The cabinet has agreed to offer loans up to 50 million iraqi dinar for small projects through the state-owned banks," Ali Al-Dabbagh told reporters after a cabinet meeting.

Iraq Central Bank determines the dollar price on last Sunday aginst iraqi dinar
April 05, 2007

A statement issued by the Iraqi Central Bank said that the bank will continue to sell and buy dollars on Sunday, the first of April, which will be holiday on the occasion of the Prophet's birthday at the same price of last Thursday,. The exchange rate adopted on Thursday in the auction had reached 1273 iraqi dinars to the dollar selling and 1271 iraqi dinar buying.

Iraq Central Bank enhances banks’ liquidity

April 05, 2007
A statement of the Bank said that this policy addresses according to the intermediate variables, including the quality of growth in the amount of cash offers, the ability to manage liquidity and the tools of the monetary policy desired by it, pointing out that the new mechanism would include working with the currency and securities markets to create an effective system of payment that grants banks the trust to meet their payment obligations at reasonable cost, and the most costly in the provision of liquidity is the use of additional reserves such as money in treasuries and balances in excess of the legal reserve requirements.

The statement confirmed that the margins of the difference between interest rates on deposits and loans can be reduced by allowing the banks to reduce the possession of the proceeds resulting from surplus requirements that have no interests, explaining that the ability of banks depend on reducing excess requirements through reliable media in the management of liquidity.(Source)AlS

Well i'm thinking it looks like