Archive for May, 2012

Central Bank: a wide range of private banks will open a window to sell the dollar price of 1189 Iraqi dinar

New Iraqi dinar rate: Announced the Central Bank of Iraq, near the start of a wide range of from private banks to sell the dollar cash to the public, through the windows of sale approved and rate of exchange for no longer than 1189 Iraqi dinar per dollar. Read more…

Emphasizes the importance of the central deletion of zeros and says the project logical scientific economic

Central Bank of Iraq on Tuesday, that the deletion of zeros from the currency will carry the country from the country of trillions to billions, while stressing that the project still needs the approval of Parliament and the Iraqi government. Deputy Governor of Central Bank of Iraq appearance of Mohammed in a press statement that ‘the project to delete the zeros three of the Iraqi currency will move Iraq from the country of trillions to the country of billions, so Iraq will move from number 10 to the 12 to 10 to the 9 ‘. Read more…

Parliamentary Finance: Launch percent advance salary and five million Iraqi dinars in July

Finance Committee confirmed its intention to increase in the salaries of employees and retirees as well as an advance release of the five percent salary and millions of Iraqi dinars. “A member of the Finance Committee Haitham Jubouri that” there is a significant inflation in the Iraqi economy and become useful to respond to appropriate salaries. Read more…

5-30-2012, IRAQI DINAR GURU GUESSES!!

5-30-2012 Adam Montana not much new to report OTHER THAN a possibility of Article 140 being pushed through, which would be very positive for the HCL and therefore also positive for our investment. Maliki is still on his throne, Chapter 7 has not been released, and the HCL is still in limbo. Iraq has and continues to make progress towards a higher valued Dinar. Nothing has happened to make me less confident in the Iraqi Dinar, so therefore it is my opinion that we’re looking for a positive outcome. [“continued in post 2…stay tuned”]

5-30-2012 Mike we are going at a very very quick pace. Now that doesn’t mean it is going to happen tomorrow. You can see that they need to add value somewhere between now and when they release their new currency, that is their plan.  Read more…

Defense Minister confirmed that Iraq seeks to join (GCC) Gulf Cooperation Council

said Iraqi Defense Minister Saadoun al-Dulaimi agency on Tuesday that his country is seeking to enter in the system of the Cooperation Council for the Persian Gulf states.

Dulaimi said in a statement reported for ” Twilight News “that” this (accession) as Iraqis hope, and we will be an active and important role in the Council. “ Read more…

Iraq calls on the U.S. Treasury and the World Bank to support banking and financial sector

called on the Federal Ministry of Finance, on Tuesday, the U.S. Treasury Department and the World Bank to support and to support the banking and financial sectors in Iraq.

The Finance Minister Rafie al-Issawi received U.S. ambassador to Iraq, ended its James Jeffrey and a number of accompanying him in the U.S. Treasury. Read more…

Economist warns against the dollar to reduce the price of one thousand Iraqi dinars at once

05/29/2012 10:23

Economic expert has warned Rdam Makki, Tuesday, of the danger of reducing the price of the dollar to one thousand Iraqi dinars at once, and promise Tsraa from the central bank in the event of the oldest on the move ..

He said in a statement that “the rush to cut the dollar at one time would confuse the market and business dealings, the fact that the difference in exchange rate will be greater, which will cause repercussions and problems among traders and creates chaos in the stock market and the offices of dollar selling.” Read more…

Central Bank: private banks will begin to sell the dollar to the public at the price of 1189 Iraqi dinars

Baghdad, “Iraq’s gate,” Mohammed Sharif      05/30/2012 9:33

Central Bank of Iraq, that a wide range of private banks are the other will begin to sell the dollar cash to the public through the windows of sale at the exchange rate are approved and for no longer than 1189 Iraqi dinars per dollar.

According to a statement issued by the Bank received a “gate Iraq,” a copy of “Iraqi dinar is stable highly reflected in the continuing rise in the exchange rate of the Iraqi dinar against the dollar in the local market, and that the intervention of the Iraqi Central Bank in the exchange market and his handling of the Read more…

Opportunities in Iraq can not be ignored

May 30 2012

Iraq offers great prospects for those prepared to overcome obstacles

Dubai, 30, May 2012: Iraq abounds with lucrative business opportunities and, although bureaucratic inefficiencies still greatly hamper foreign investors’ ability to operate competently within the country, it is a region that simply has far too much potential to be ignored, according to a panel of experts on the Iraqi political and financial arena.

Titled ‘Iraq Today – Threat or Opportunity?’ the forum was hosted by the Capital Club Dubai, the region’s premier private business club and a member of the ENSHAA group of companies. The evenings’ discussion brought together Dr Toby Dodge,Consulting Senior Fellow for the Middle East at the International Read more…

Major global financial institutions working to develop the Iraqi banking sector

At a conference of the Association of private banks with (I fc)

as it seeks private Iraqi banks to find ways of widening the circle of its activity in the provision of banking services collide obstacles laws and red tape, ugly and bureaucracy in dealing with the institutions of the state, but this time it has had a chance gold could offset the wastage of time to no avail when offered the largest financing institution of international assistance for the advancement of the private banking sector. this Alfrshhaoha Banking Conference organized by the Association of private banks in Iraq in cooperation with the International Finance Corporation (I fc) wing of the financial International Monetary Fund recently held in Arbil, with the participation of 48 of the representatives of the private banks. Read more…

Opponents of Maliki failed to collect 100 votes to withdraw confidence

Baghdad (news) .. Confirmed member of a coalition of state law MP / National Alliance / Batoul Farouk, that the political blocs of opposition to the work of Prime Minister Nuri al-Maliki, they could not collect (100) voted to withdraw confidence from the al-Maliki. Read more…

Source: al-Maliki’s opponents are holding an important meeting in Erbil today

A source from the beginning of a political opposition political parties for political Prime Minister Nuri al-Maliki’s meeting today in Erbil to put the finishing touches to withdraw confidence from the government headed by al-Maliki. Read more…

Urgent .. Mary Rayes: There is no truth to the approval of Talabani to withdraw confidence from the Maliki

Wednesday, May 30 / May 2012 16:41

Baghdad {: News} Euphrates Mary Rayes denied Adviser to the Prime Minister Nuri al-Maliki’s approval of President Jalal Talabani on a proposal to withdraw confidence from the al-Maliki.

He said Rais told News} {Euphrates today that “no truth to the one addressed by the media that Talabani had agreed during a meeting today with President of Kurdistan region Masoud Barzani and the leaders of the Iraqi List, and a delegation from the Sadrist movement to withdraw confidence from the al-Maliki.”

She said, “Talabani said during a meeting today on the unity of the political discourse and the emphasis on dialogue in resolving the Read more…

Foreign Affairs announces the approach for the establishment of a free market with Kuwait to support trade

BAGHDAD (Iba) … Ministry of Foreign Affairs revealed the existence of a tendency to create a free market with Kuwait in support of trade exchange between the two countries. Read more…

Dulaimi confirmed that Iraq sought to join the Gulf Cooperation Council

30/05/2012 08:23 AM

Babinaoz (Reuters) – The Minister of the Iraqi defense agency Saadoun al-Dulaimi, said his country is seeking to enter the system Cooperation Council countries, Persian Gulf. Dulaimi said that “this (join) our hope as Iraqis, and we will be an active and important role in the Council.” and criticized some media that refer to the existence of differences between Iraq and the Arab world, saying it was “horns paid its industry differences and heat up with the Gulf States and then deepened in order to deprive Iraq of returning to the Arab world.” He pointed out that Read more…

Talabani and Barzani hold a closed meeting this afternoon in Sulaymaniyah

Wednesday 30 May 2012

Sumerian News / Baghdad 
revealed the Kurdistan Alliance, on Wednesday, that President Jalal Talabani and Kurdish regional President Massoud Barzani hold this afternoon, closed-door meeting in the province of Sulaimaniyah to discuss the current crisis in the country. The leader of the Alliance Farhad Atrushi in an interview for “Alsumaria News” , “The province of Sulaimaniya will see, this afternoon, closed-door meeting between President Jalal Talabani and Kurdish regional President Massoud Barzani to discuss the current crisis and ways to solve them.” The Atrushi that “the preparation of this meeting was before the Read more…

Sources confirm to intensify its contacts with Saudi Arabia to Allawi and Barzani in order to withdraw confidence from the government of Maliki

Wednesday 30 May 2012

Follow-up – and babysit –informed sources confirmed that Saudi Arabia intensified its contacts with the leader of the Iraqi List, Iyad Allawi, Iraq’s Kurdistan President Massoud Barzani in order to withdraw confidence from Maliki’s government. The sources pointed out that Saudi Arabia has urged Allawi and Barzani to take advantage of the position of the Sadrist movement, which has Read more…

Atrushi: Talabani century agreed with the request to withdraw confidence from the al-Maliki to collect signatures [164] deputy

Wednesday 30 May 2012

Follow-up – and babysit –MP for the Kurdistan Alliance Farhad Atrushi that President Jalal Talabani, a century consent to withdraw confidence from the government of Prime Minister Nuri al-Maliki if the signatures were collected [164] vice. “

He said today that President Jalal Talabani announced its approval at a meeting today to withdraw confidence from Prime Minister Nuri al-Maliki to Parliament if he gathered in Sulaymaniyah gather signatures [164] deputies are demanding the withdrawal of confidence from the current government. ” Read more…

Parliament rejects the economic slowdown in the application of tariff

30/05/2012 0:00 

Economic Commission Decision: The Central Bank pumped huge amounts of dollars to maintain the value of the dinar in front of him

On: Wednesday 05/30/2012 12:06

Baghdad (news) .. According to decision of the Economic Commission deputy / Kurdish coalition blocs / Mahma Khalil, that the central bank gave powers to the banks, government business for the sale of hard currency in addition to the auction to inject large amounts of dollar in the market to maintain the value of the Iraqi dinar. 
Khalil (of the Agency news) said on Wednesday: The Central Bank is the main reference for the Iraqi banks and obliges it to apply fiscal policy, and as a result of increasing the value of the dollar against the Iraqi dinar during the recent period, he decided to Central to give authority to sell hard currency to the Read more…