Posts Tagged ‘Iraq Dinar’

Central: Syria, Iran, and behind the decline of the Iraqi dinar against the dollar

14/04/2012 17:30

Baghdad, April 14 / April (Rn) – approved the Central Bank Saturday that reduced the local currency came because it covers the needs of Syria and Iran of hard currency. Iran faces a package of economic sanctions against the backdrop of its nuclear controversy while punished several countries Syria because of the suppression of the population claimants to drop the system. said Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that… Read more…

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Iraqi “free” calls for the investigation of the existence of violations in the work of the Central Bank

Friday, April 13, 2012 10:55

BAGHDAD / Baghdadiya News / .. called Free Iraqi bloc to form a parliamentary committee and other administrative investigation into allegations of violations for the work of the Central Bank of Iraq.

The bloc said in a statement received / Baghdadiya News / copy of it: “What are you talking about some of the parties on the existence of violations in the work of the Central Bank recently, particularly with regard to landing the value of Iraqi dinar against the dollar, require validation through the formation of… Read more…

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Central Bank: the devaluation of the dinar price bubble will be gone

13.04.2012

Warned the Finance Committee in the Iraqi Council of Representatives of the seriousness of the continuing decline in the exchange rate of the dinar against the U.S. dollar, which arrived during the last few days of 1300 dinars to the dollar, for the first time in nearly four years. A member of the Finance Committee Haitham al-Jubouri that the committee follow with great concern the continuing decline of the value of Iraqi dinar against the dollar, noting that this decline will have… Read more…

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Iraq calls for free to the formation of parliamentary committees to investigate and administrative violations in the Central Bank

On: Friday 13/04/2012 13:44

Baghdad (news) .. called / Iraqi bloc of free / to the formation of a parliamentary committee and other administrative investigation into the allegations for violations in the work of the CBI. 
said mass in a statement on Friday received the Agency (news) copy of it: that what you are talking about Some of the Parties on the existence of violations in the work of the Central Bank recently, particularly with regard to landing the value of Iraqi dinar against the dollar, require verified through the formation of… Read more…

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Najafi meet Shabibi and assures him of the independence of the Central Bank of Iraq away from the tutelage of the government

Posted 10/04/2012 01:01 PM

BAGHDAD – “squares of liberation” by Alaa al-Janabi
The President of the Iraqi Council of Representatives Osama Najafi, should not be dependent central bank to the government, saying that in order to prevent the seizure of Iraqi funds. 
Nujaifi said in a press statement after meeting with Iraqi Central Bank Governor Sinan Mohammed Rida al-Shabibi, he reviewed with Shabibi economic conditions and the reality of the Bank’s work Central, stressing that “the central bank is independent and responsible on the basis of the provisions of Article (103) of paragraph (2) of the Iraqi Constitution, as well as Article 2/2 from the Iraqi Central Bank Act 56 of 2004.”… Read more…

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Deputy central bank governor denies the government’s accusations that the auction and the reasons behind the low exchange rate of the dinar

Thursday, April 12 / April 2012 19:12

Baghdad {: News} Euphrates denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh accused adviser to Prime Minister Mohammed Fadhil of the Central Bank that the auction procedures to sell the dollar is the reason for the low exchange rate of the Iraqi dinar.

He was an adviser to Prime Minister Fadel Muhammad accused the central bank Penh reason for the decline in the Iraqi dinar exchange rate against the U.S. dollar tractor auction procedures followed by the central bank to sell foreign currency.

Saw the Iraqi dinar… Read more…

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Mutaiota: There is a smuggling organization of hard currency caused a decline in the Iraqi dinar

Thursday, April 12, 2012 09:50

BAGHDAD / Baghdadiya News / .. MP on the mass of patriots Fri Mutaiota today, Thursday, that the reason for the low exchange rate of the Iraqi dinar is due to smuggling Hard currency from Iraq to neighboring countries. He’s Mutaiota / Baghdadiya News / “The reason the price of the U.S. dollar compared to the Iraqi dinar is due to the smuggling of foreign currency from Iraq to the outside of the country by some traders.”

He continued that “neighboring countries, specifically Iran and Syria were exploiting traders in order to smuggle the dollar to it,” pointing out that… Read more…

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Financial exploitation warn of cash reserves for development projects

Date: Thursday, 04.12.2012 9:07

 Baghdad / Ahmed Abed Rabbo 
warned a number of financial experts of the consequences of the exploitation of reserves in the Central Bank, which is estimated at 60 billion dollars by the government to economic development projects, pointing out that it is a cover of the local currency.

And saw the local market rose slightly in the exchange rate of the dollar against the dinar, called economic expert Bassem Jamil Anton to keep these balances at the central bank as a cover for… Read more…

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Council of Ministers decides to be patient in the process of removing the zeros from the national currency

Thursday April 12, 2012

BAGHDAD – and babysit –Council of Ministers decided to wait in the application process to delete the zeros from the national currency until further notice. The Director General of the Department of Cabinet Affairs in a press release received news agency public opinion (and babysit) a copy of it on Thursday that “requires the decision to stop all actions relating to the operation until further notice.”

“The Council of Ministers Resolution… Read more…

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Suction dollar

04/12/2012 1:16

Mohammed Abdul-Jabbar carp 
 while continuing to price the U.S. dollar rise against the dinar, is escalating the dispute between the legislature and the executive branch about the powers and area of the Central Bank. 
does not seem to timing differences appropriate, especially if you moved from department purely technical to the political department, and became part of the list of differences between the various political blocs, it seems, in everything! 
issue price of the dollar being the form in which it is now of serious and … Read more…

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Central: rise of the dollar will not last .. And actions taken enough to Bkhvdah

04/12/2012 1:46

The center of his claim to take more effective measures 
Baghdad – Haider Filaih spring 
with experienced local market made ​​notable gains in commodity prices and various materials by the high price of the dollar, the central bank said it was taking firm action he said was enough to revive the reality of the dinar and reduce the prices of the dollar, which rose in a clear and significant during the past few days, in the meantime has escalated calls for urgent action and immediate action to reduce the prices of the dollar, and… Read more…

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Expert: recession, stock market revaluation of the dollar and threatens the entry into force of the hard currency

Date: Thursday, 12/04/2012 12:14

Baghdad (news) .. Noted economist as beautiful existence recession in the Iraqi market for securities due to lower stock prices, prompting a shift to buy the dollar to trade him and thereby raising the rate of exchange against the dinar. 
, said Jamil (for the Agency news) on Thursday: There are several factors that led to increase the value of the U.S. dollar against the Iraqi dinar, including internal factors such as increased drag on the dollar by the merchants and other third-party as a result are exposed Syria and Iran of economic blockade, making… Read more…

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Parliamentary Economic Commission demanding the central bank to halt decline in the Iraqi dinar against the dollar

Posted 07/04/2012 06:33 AM

BAGHDAD – “squares of liberation”
Commission asked for the economy and investment parliamentary Central Bank of Iraq to take practical and serious steps to reduce the low exchange rate of the Iraqi dinar in the local markets against the dollar.
A member of the Committee Aziz Sharif Mayahi that “the central bank controls and the application of strict penalties on banks that violate financial regulations and instructions issued by the Central Bank of Iraq, which… Read more…

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Economic Parliamentary dinar will recover against the U.S. dollar

07/04/2012 11:38

Baghdad, “Iraq’s gate,” Mohammed Sharif

Economic Commission affirmed the decision in the House of Representatives, said on Saturday that “the dinar will recover against the U.S. dollar across a range of measures to be taken.

He said Mahma Khelil told state television the Iraqi response to a question about the likelihood of the survival rate of the dinar to what it is now in front of the U.S. dollar, that “the dinar will recover against the U.S. dollar across a range of measures to be taken by the Iraqi government and by the Central Bank of Iraq as the highest monetary authority “.

He pointed out… Read more…

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Expert: the time is perfect for the deletion of zeros from the currency of the instability of political situation

On: Saturday 07/04/2012 13:32

Baghdad (news) .. Warned the economic analyst Ibrahim al-Mashhadani, the implementation of the project to delete the three zeroes from the Iraqi currency early next year, being an important project needs to be political and economic stability over the country when applied. 
Mashhadani said (of the Agency news) on Saturday: The time set by the central bank to implement the project delete the three zeroes from the Iraqi currency and due early next year is not ideal and needs to reconsider it, because… Read more…

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Conflict between the legislative and executive control of the Iraqi Central Bank

On: Friday 06/04/2012 17:45

Baghdad / citizen 
at the time warned the Iraqi Council of Ministers of the Central Bank of Iraq of the consequences of the adoption of any tasks related to monetary policy without his consent, return of the Iraqi parliament these claims violations that can not be tolerated, especially since the Constitution gave the central independent authority under the supervision and control of the legislature without other.(citizen) got the official letter issued by the General Secretariat of the Iraqi Council of Ministers with the number s / 02/01/26 at 15/3, which is directed to the Iraqi Central Bank which stated,… Read more…

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Member of Finance Committee: lack of central bank sales of the dollar led to the low exchange rate of the dinar

On: Friday 06/04/2012 12:00

Baghdad (news) .. ills member of the Finance Committee in Parliament MP from / National Alliance / Abdul-Hussein al-Yasiri reasons for the low exchange rate of the Iraqi dinar against the U.S. dollar to the lack of central bank sales of the dollar in the auction, although there is high demand on the buy. 
Yasiri said (of the Agency news news) Friday: The currency is a commodity and the applicable law “Ditamikih supply and demand,” ie the greater the demand for the purchase will increase its price and… Read more…

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Mashhadani: Delete the zeros will not harm the real value of currency

04/04/2012

BAGHDAD / electronic integrity / follow-up of David Muhannad

Says economist and head of economic studies at the Center for Mustansiriya Dr. Abdul Rahman al-Mashhadani: The process of deleting the zeros formality through which change the nominal value of the currency without prejudice to the value true and have no raised real economic because the currency exchange will not lead to an increase in GDP of the country , explaining that … Read more…

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Asadi reveals the disappearance of {24} billion dinars from Basra since 2009

Sunday, April 1 / April 2012 11:44

Asadi reveals the disappearance of {24} billion dinars from Basra since 2009

{Basra} Euphrates News A member of the Integrity Committee in Parliament MP Hussein al-Asadi for the disappearance of {24} billion dinars from Basra since 2009, pointing out that “the money was unaccounted for until now.”

The MP of the state law has revealed Hussein al-Asadi told the News} {Euphrates last Friday for a delay in some important projects in the … Read more…

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DEBUNKED!!!Worldwide Celebrations as Iraqi Dinar Revalues 1:1000!

WE are boycotting this website for this mean April fools joke, my apologies to everyone. I am leaving this post up for review until the dust clears. Again ….very sorry that a once reputable website would find this funny or stoop to this level.

 

Posted on 01 April 2012.

Just as the dinar speculators predicted, Iraq has re-valued its currency 1000-fold, making dollar-millionaires of ordinary folk from Anbar to Arkansas!

The unprecedented 100,000% revaluation was welcomed by businesses all across the world, who saw nothing strange about paying $1,000 today for something that was priced at $1 yesterday. At the stroke of a pen, foreign companies now pay their cleaning staff in Iraq more than they pay board-level directors back at home. Read more…

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