Archive for February, 2012

Iraq: Maliki’s success we hope to drive Iraq from Chapter VII during his visit to Kuwait

Muslim Brotherhood in Egypt, demanding Iraq to pay two billion dollars and threatening the looted Iraqi banks

Muslim Brotherhood in Egypt, demanding Iraq to pay two billion dollars and threatening the looted Iraqi banks

Economist: Raising the zeros from the currency will save the economy from the dollar’s dominance

On: Wednesday 02/29/2012 10:55

Babylon (news) .. According to a professor of economics at the University of Babylon, Dr. Jawad al-Bakri that the draft raise zeros from the national currency involves a lot of pros on the reality of the Iraqi economy. 
said Bakri (the Agency news) said on Wednesday: One of the pros stop control of the dollar on the Iraqi economy and reducing the circulation of funds and the stability of Iraqi dinar exchange rate in addition to reducing the rates of inflation in the medium term and reduce the cost of economic transactions.  Read more…

CBI sales drop to $ 218 million

29/02/2012 15:17

Baghdad, February 29 (Rn) – The Central Bank of Iraq that his sales of the U.S. dollar fell on Wednesday, recording $ 218 million versus 220 million in the previous session. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the bank sales Central on Wednesday reached $ 218 million, while the shares on Tuesday of $ 220 million. ”  and explained that “the price of sales amounted to 179 Iraqi dinars per dollar interest rate of up to 10 dinars.” Saleh added that “the owners of banking offices adapt to the new mechanisms established by the Bank CBI in the sale process difficult to prevent smuggled out of the country because of crises in the countries in the region. Read more…

Delete the zeros sound decision and timing appropriate

Israel: U.S. will not be notified if we attacked Iran (This is concerning)

Tuesday, February 28, 2012 16:59

U.S. intelligence official said that Israel may not threaten the United States if it decides to target Iran’s nuclear program, a program which the West says he has a military dimension, but experts believe, however, that Tehran does not seem ready yet to the level of industrial uranium enrichment.

The U.S. official said in a press statement, without disclosing his identity, said Israeli officials including Defense Minister Ehud Barak and Prime Minister Benjamin Netanyahu told U.S. officials adults visited Israel to non-reporting of the Washington Israel’s intentions would mean that the U.S. administration will not bear the responsibility to prevent a possible attack on Iran. Read more…

CBI dollar sales highest in February 2012

2/28/2012 5:14 PM
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) daily auction today exceeded 212 million dollars, compared to 180 million from the previous session.

Iraq must get out of Chapter VII

2/28/2012 6:59 PM
BAGHDAD / Aswat al-Iraq: The Iraqi Parliamentary Foreign Relations Commission today called  the international community to play greater role in removing Iraq from UN Security Council’s Chapter VII and adopting a clear stand to support its legitimate issues, according to a statement.

Israel will not reach Washington in advance of any military strike on Iran

Symposium to discuss the implications of removing zeros and its impacts on the Iraqi economy

Muthanna / Baghdadiya News / contract section .. Banking and Finance at the Faculty of Management and Economics symposium discusses the “removal of zeros from the Iraqi currency and its impacts on the economy of Iraq.”

Counterfeit Money Infiltrates Kurdistan’s Markets

28/02/2012 04:01:00

ERBIL, Iraqi Kurdistan – Some businessmen and owners of currency exchange bureaus say that counterfeit banknotes have flooded the market in the Kurdistan Region.

The president of the Kurdistan Region Bank said, “High-tech machinery is apparently used to make some of the counterfeit money.”

The president of Kurdistan Region Bank, Adham Karim, said they have told various governmental agencies about the problem. Read more…

Change the Iraqi currency and the expected effects

Banking expert: Iraqi banks need advanced technology to be sober

On: Tuesday 28/02/2012 12:04

Baghdad (news) .. Noted banking expert Mohsen Ali importance of the introduction of technology banking modern world in the work of Iraqi banks and training of staff to develop their work. Ali (of the Agency news) said on Tuesday: The Iraqi banks two branches of public and private need to introduce new technology in place in most international banks and training capacity human on these techniques and the English language in order to communicate with the world in order to be Iraqi banks sober and with a good reputation. Read more…

Iraq excludes low oil prices to less than $ 100

28/02/2012 12:19

Baghdad, February 28 (AKnews) – ruled out the Iraqi Oil Ministry Federal, Tuesday, oil fell to less than $ 100 during the current year due to political crises experienced by the Middle East. said Director General of Oil Marketing Company (SOMO), Falah al-Amiri told the Kurdish News (Rn) that “Asaralinvt prevailing now can not have to go down to below the $ 100 per barrel due to increasing international need it.” and added that “the political situation in the region, particularly the problems the U.S. and Europe with Iran do not affect the House of Commons on the international oil prices,” noting that “This is according to political drawn by OPEC that Iraq is an active member in it.” He pointed out that Read more…

Parliamentary Finance: Determine the size of the surplus revenues of the State of Iraq in July.

28/02/2012 12:41

Baghdad calls for Washington to continue to protect the $ 17 billion abroad

28/02/2012 19:13

Erbil, February 28 (Rn) – demanded that Iraq Tuesday from the United States formally extended the protection of its funds abroad for another year. Iraq had last year formed committees to undertake the task of recovery of Iraqi funds in a number of countries after the adoption of the law of recovery of Iraqi funds abroad by House of Representatives. and the UN Security Council voted unanimously in mid-January last three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes and cancel the oil for food program. also extended the immunity of private and for the last stage of the compensation imposed under Chapter VII to the end June next year. Read more…

Wikileaks: Israel destroyed the Iranian nuclear reactors the help of “rebels as a response”

27/02/2012 20:27

Erbil, February 27 (Rn) – A document published on the site “Wikileaks”, Monday, belonging to “Startfor Institute for the Study and company intelligence civilian” forces commando Israel destroyed several nuclear reactors Iranian underground in cooperation with the “rebels as a response.” According to the site, “Russia Today, “which assigned the news to the newspaper Haaretz, the Israeli” publication included internal correspondence in the wake of the statement by the Minister of Defense Ehud Barak “Yes .. Up, “after the blast, which happened in the al-Qaeda rocket near Isfahan in October / November. Read more…

Reports: Israel to create a military strike against Iran without informing Washington in advance time

28/02/2012 10:44

Erbil, February 28 (AKnews) – An intelligence source U.S., Israeli officials confirmed that they will not inform Washington in advance if they decided to direct “preemptive military strike,” Iran’s nuclear facilities. quoted BBC source as saying that Israeli Prime Minister Benjamin Netanyahu and Defense Minister Ehud Barack moved messages to this effect for a number of senior U.S. officials who have visited Israel recently, including the Chief of Staff Martin Dempsey and National Security Adviser Tom Donilon and Director of the CIA and the number of members of Congress. Read more…

Iraq must get out of Chapter VII

Iraq must get out of Chapter VII 2/28/2012 6:59 PM

BAGHDAD / Aswat al-Iraq: The Iraqi Parliamentary Foreign Relations Commission today called  the international community to play greater role in removing Iraq from UN Security Council’s Chapter VII and adopting a clear stand to support its legitimate issues, according to a statement.

The statement added that the Commission today received a delegation from the British Embassy in Baghdad.

During the meeting, the Commission called upon Britain to play a role in assisting Iraq get out of Chapter VII in order to have its pioneering role in the Arab world and the region.

Iraq is subject to Chapter VII of UN Charter following its invasion of Kuwait in 1990, where force was used against it as it was “threatening world peace.”

This led to freezing Iraqi assets in world banks to pay compensations to Kuwait and others. Read more…

Project to delete the zeros from the currency-based and will be announced as soon as GOI approval

On: Tuesday 28/02/2012 13:12

Project to delete the zeros from the currency-based and will be announced as soon as GOI approval Baghdad (news) .. Description of the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh project to delete the three zeroes from the currency as strategic for the country as it will reduce the mass of cash circulating in the local markets. Read more…