CBI INFO & IRAQI DINAR NEWS

Editorial: The value of the Iraqi currency and structural economic imbalances

Editorial: The value of the Iraqi currency and structural economic imbalances

5/14/13

D. Kamal Al-Basri and harmful Sbahi professor

Iraqi Institute for Economic Reform

Article seeks to examine the value of the Iraqi currency fluctuations and interpretation of structural imbalances and weak Read more…

MP calls for quick action to halt the rise in the dollar against the Iraqi dinar

MP calls for quick action to halt the rise in the dollar against the Iraqi dinar

5/14/13

Baghdad / Baghdadi news / .. Student member of the citizen’s Parliamentary Bloc MP Abdul-Hussein Abtan, on Monday, the competent authorities to take swift action to halt the rise in the dollar exchange rate. Read more…

Iraqi dinar recorded the largest decline against the dollar in two years

Iraqi dinar recorded the largest decline against the dollar in two years

Posted 14/05/2013 12:44 PM

BAGHDAD – “arenas of Liberation”
the price of the dollar in the domestic market to 1,300 Iraqi dinars per U.S. dollar, compared to 1220 dinars in the middle of last March, representing a significant decrease of the Iraqi dinar did not get more than two years ago.

It is known that the official price of the dollar to this day, according to quotations Central Bank of Iraq, is a 1166 dinars, and that means that the Iraqi dinar has انحفض price more than 11 percent.
According to shops selling the currency in Baghdad, and citizens, has led the Read more…

Finance parliamentary: high exchange rates of the dollar against the Iraqi dinar currency behind the drain

Finance parliamentary: high exchange rates of the dollar against the Iraqi dinar currency behind the drain

12:10 05/14/2013

Baghdad – and babysit – attributed member of the parliamentary Finance Committee Haitham Jubouri reasons for the high exchange rates of the dollar against the Iraqi dinar currency to the drain by some private banks, which owns companies for the currency converter.
Jubouri said in a press statement that “price-fixing remittances equivalent to two to three times the real price example, if the price of Item five $ 5 it up in the hawala to $ 20 sold amount of the surplus is $ 15 to the black market and that is what is reflected on Read more…

The need to identify measures to address the fluctuation of the exchange rate of the Iraqi dinar

Suhail emphasizes the need to identify measures to address the fluctuation of the exchange rate of the Iraqi dinar against the dollar

Monday, May 13 / May 2013 10:47

{Baghdad: Euphrates News} chaired by First Deputy Chairman of the House of Representatives Qusay al-Suhail meeting of the Finance Committee at its headquarters in the presence of the central bank governor Abdul Basit Turki, Chairman of the Committee and its members.

He stressed Suhail in a press statement received by the agency {Euphrates News} a copy of it on Monday, “the need to determine the procedures and things to ensure taken by the management of the central bank to address the fluctuating exchange rate of the Iraqi dinar against the dollar,” stressing “the Read more…

Procedures to maintain the value of the Iraqi dinar

Procedures to maintain the value of the Iraqi dinar

05/13/2013 12:00 AM

BAGHDAD – Alaa al-Tai
proceeded CBI measures Links to reduce the fluctuation of the currency, and the province of the Iraqi dinar on its value against the dollar. coincides these measures with the reassurance of the Finance Committee parliamentary citizens about Iraq’s possession of up cash great deal of hard currency Ihsnh from any repercussions of a surprise.
The chairman of the Finance Committee parliamentary Haider al-Abadi told the “Center Brief for the Iraqi Media Network,” on Sunday, the status of Read more…

Economic parliamentary demanding quick action to stop the rise in the dollar exchange rate

Economic parliamentary demanding quick action to stop the rise in the dollar exchange rate

5/13/13

Student member of the Economic Commission bloc MP Abdul Hussein Abtan citizen all competent authorities to take swift action to halt the rise in the dollar exchange rate. Read more…

Presidency of the parliament show their support for a central bank to adjust the price of the dollar and the reduction of money laundering

Presidency of the parliament show their support for a central bank to adjust the price of the dollar and the reduction of money laundering

5/13/13

Expressed the Presidency of the Council of Representatives their full support for the central bank to scrutinize the work of private banks and reform measures that include adjust the exchange rate of the dollar and reduce the phenomenon of money laundering. Read more…

Economic analyst: Central Bank balance of hard currency will support Iraqi dinar

Economic analyst: Central Bank balance of hard currency will support Iraqi dinar

5/13/13

Baghdad (newsletter). Economic analyst Abdel Salem Al-uqaili warned, nice lending part of the Central Bank’s cash reserve in the country’s investment projects, because it would harm the economy and national currency. Read more…

Currency auction sales in Central exceed $ 196 million at today’s meeting

Currency auction sales in Central exceed $ 196 million at today’s meeting

Sunday, May 12, 2013 15:55

Baghdad / Baghdadi news / .. exceeded the value of auction sales sell the currency at the Central Bank of Iraq, on Sunday, the $ 196 million, with the participation of 25 banks.
The governor of the central bank and agency Abdul Basit Turki said in a statement taken by his press office and received / Baghdadi News / copy of it, that “the sales value of the currency auction at the Central Bank amounted to” 196 “million and” 704 “thousand dollars,” explaining that “the number of participating banks in Read more…

House of Representatives confirms the central support measures in controlling the exchange rate of the dollar

House of Representatives confirms the central support measures in controlling the exchange rate of the dollar

Sunday, May 12, 2013 15:48

Baghdad / Baghdadi news / .. announced the Presidency of the Council of Representatives, on Sunday, its full support for the central bank to scrutinize the work of private banks and archiving of information within the bank and reform measures that include adjust the exchange rate of the dollar.
According to a statement moved the Information Office of the Council and received / Baghdadi News / copy of it, that the Presidency headed by Najafi and his two deputies during a meeting with Iraqi Central Bank Governor Abdul Basit Turki agency confirmed its full Read more…

Continued rise in the U.S. dollar exchange rate plaguing traders and succeed economically crippling

Continued rise in the U.S. dollar exchange rate plaguing traders and succeed economically crippling recession market movement

12/05/2013 (23:01 pm)

 Baghdad / tributary cactus and Adel al-Saffar

Experienced local markets recently recession coincided with a continuing rise in the dollar exchange rate, and by the owners of shops dissatisfaction about currency fluctuations, stressing that this volatility cast a shadow on the smooth flow of work in the market.
says Salman Alaidana owner of banking to the extent, “The volatility of the exchange rate Iraqi dinar against other currencies has made ​​smooth market non-existent, where is the citizen and merchant apprehensive about buying Read more…

Parliament, CBI, discuss issuance of decisions to maintain Iraq’s funds

Parliament, CBI, discuss issuance of decisions to maintain Iraq’s funds

Sunday, 12 May 2013 19:18 | | |

Baghdad (AIN) -The Iraqi parliament chairmanship discussed with head of the Financial Supervision Council FSC, and acting governor of Central Bank of Iraq, Abdul Basit Turki, the issuance of the decisions which help protect Iraq’s moneys for the next year and addressing the country’s debts.

A statement by the Media Office of the Parliament cited “The parliament chairmanship headed by the Speaker Osama al-Nijaifi and his two Deputies met on Sunday, with head of the FSC and CBI’s acting governor.”

“The parliament chairmanship stressed its full support to the procedures of Read more…

CBI achieves the highest reserves of hard currency in its history at $74 Billion

CBI achieves the highest reserves of hard currency in its history at $74 Billion

5/11/13

revealed a banking source early on Saturday that the volume of reserves Iraqi Central Bank foreign currency amounted to $ 74 billion, noting that it is the highest reserves achieved by the bank in the country’s history. Read more…

Financial expert: Proposed distribution of salaries of employees in hard currency would hurt the country’s economy

Financial expert: Proposed distribution of salaries of employees in hard currency would hurt the country’s economy

11-05-2013 12:40 PM

Baghdad (news) .. Warned an expert in financial matters on behalf of Hadi al-Tamimi, the application of the proposal of the Finance Committee representative to distribute the salaries of employees in hard currency rather than the Iraqi dinar, because it would harm the national economy does not help to raise the exchange rate of the Iraqi dinar against the dollar. said Tamimi (of the Agency news): The proposal made ​​by the one of the members of the Finance Committee to distribute salaries of state employees in dollars, would hurt the country in terms of its impact on the size of the Central Reserve of hard currency, and the failure of the owners of money and traders from getting on the dollar for the purpose of import. added: The Read more…

A parliamentary proposal to “end the exploitation of private banks”

A parliamentary proposal to “end the exploitation of private banks”

FRIDAY, MAY 10 / MAY 2013 08:18

Twilight News / ft is a member of the Finance Committee proposal to the committee spends agreement with the Central Bank and Ministry of Finance on the distribution of salaries of all state employees in hard currency (dollar) for one month to end the “exploitation” of private banks and banking companies to citizens.

A member of the Finance Committee Secretary Hadi’s “Twilight News”, “proposed to the Finance Committee to hold the distribution of salaries of all Iraqi staff in dollars rather than the Iraqi dinar, the official Read more…

Poor financial management and banking reason for the continued increase in the exchange rate of the Iraqi dinar

Finance Committee: poor financial management and banking reason for the continued increase in the exchange rate of the Iraqi dinar against the dollar

10-05-2013 11:03 AM

Baghdad (news) .. Refer Vice President of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Hassan Faizullah, the reasons for non-low exchange rate of the dollar against the Iraqi dinar to mismanagement of fiscal and monetary followed in the country. said Faizullah (of the Agency news): The management of the central bank lagged much in Multi maintain the exchange rate of the Iraqi dinar against foreign currency, and left the Iraqi money is Read more…

Banker: failure of banks due to the lack of understanding and joint coordination between the central bank and private banks

Banker: failure of banks due to the lack of understanding and joint coordination between the central bank and private banks

09-05-2013 11:08 AM

Baghdad (news) .. Refer banking expert on behalf of Jamil, the reasons for failure of the banking sector to the lack of understanding and joint cooperation between the central bank and private banks, in terms of providing logistical assistance and technical them. said Jamil (of the Agency news): there is no understanding and joint coordination between the central bank and private banks regarding the evolution of the banking system and to identify the most important constraints banking to find the necessary Read more…

Central bank sales of dollar decline in auction Wednesday

Central bank sales of dollar decline in auction Wednesday

By khabaar khaba since 5 hours 4 minutes 08/05/2013

Brother – Baghdad
Decreased sales of the Iraqi Central Bank of the dollar in the auction for the sale and purchase of foreign currency on Wednesday to 140 million and 336 thousand dollars, after yesterday reached 158 million and 335, a stable exchange rate was 1166 dinars per dollar.
She said daily bulletin issued by the Central Bank that the demand for the dollar Read more…

Central sales drop to 158 million and 335 thousand dollars at auction sale

Central sales drop to 158 million and 335 thousand dollars at auction sale

Tuesday, May 7, 2013 15:37

Baghdad / Baghdadi news / .. Decreased sales of the Iraqi Central Bank of the dollar in the auction for the sale and purchase of foreign currency, Tuesday, to $ 158 million and 335 thousand dollars after it reached yesterday, 204 million and 988 thousand dollars a stable exchange rate was 1166 dinars per dollar. ”
The governor of the central bank and agency Abdul Basit Turki said in a statement received / Baghdadi News / copy of Read more…