CBI INFO & IRAQI DINAR NEWS

Political differences behind the fluctuation of the value of the dollar against the dinar

Said financial expert Mohsen Ali, the presence of internal and external factors control the increase of the exchange rate of U.S. dollar against the Iraqi dinar, saying, that the Central Bank and the Iraqi Stock Exchange does not bear a reason for that. Read more…

Iraq’s monetary policy development will be topic of discussion between Gov of CBI, Presidency of the parliament and Minister of Finance

Discussed the Presidency of the Council of Representatives monetary policy of the country, with Finance Minister Rafie al-Issawi and Central Bank Governor Sinan Shabibi, and the President of Supreme Audit Abdul Basit Turki, according to a statement issued by the Council on Wednesday.

The statement said the agency received news the future a copy of it, that “House Speaker Osama Najafi, discuss monetary and fiscal policy of the state and the exchange rate of the dinar Read more…

The formation of a finance committee to monitor the sub-stages to replace currency

Announced by the Finance Committee MP for the National Alliance Majida al-Tamimi, the formation of a Finance Committee sub observe the conduct of the stages to replace the new currency. Read more…

Monetary policy and trends in the money supply .. An alternative vision

D. The appearance of Mohammed if the money the Iraqi Central Bank issued and traded a cash basis of base money, which is considered as the liabilities of the central bank capable of generating or creating money by doubling bank credit to form an essential component of money supply, which originates or creates usually by a multiple of bank credit affected by the cash basis Read more…

Confirm the presence of five to seven models for the new currency contains three languages

Finance parliamentary confirm the presence of five to seven models for the new currency contains three languages

Author: MK Editor: SS | BS Thursday 26 تموز 2012 09:00 GMT

MP Haider al-Abadi
Sumerian News / Baghdad
Head of the Finance Committee in the House of Representatives Haider al-Abadi, Thursday, for the presence of five to seven models for the new currency has provided the central bank, pointing out that the addition of three languages by pointing out the existence of six categories of paper, six categories of metal. Ebadi said in interview for “Alsumaria News”, “five to seven companies made models for the new currency Read more…

Central Bank of Iraq is willing to support the establishment of a private bank for the poor

Central Bank of Iraq is willing to support the establishment of a private bank for the poor

Thursday July 26, 2012

BAGHDAD – and babysit – Abralpennek CBI for its “willingness to support the establishment of a special chip bank of the poor.”
The deputy governor of Bank of the appearance of Mohammed Saleh in a press statement that “the establishment of such a bank is one of the humanitarian issues and ethical advancement of chip is aimed at the poor.”

He said, “to establish such a bank requires the preparation of the mechanics Read more…

Private banks (25) million dinars a good decision after it was neglect hangs over private banks

Economic analyst: to raise the ceiling to the instruments of private banks (25) million dinars a good decision after it was neglect hangs over private banks

Dated: 7/26/2012 11:34:01 Thursday

Baghdad (news) .. Praised the economic analyst for the spectrum Abdul Salem Ugaili, the decision of the Economic Commission which raised the ceiling of the instruments certified by the private banks to (25) million dinars, and promise to step to the success of the private banking sector.
said Ugaili (of the Agency for the news to the news) on Thursday: The management of the private banking sector contemplate the Read more…

Two British and German Ttavan new Iraqi currency

Announced the Iraqi Central Bank Governor, Sinan Shabibi, the bank chose a British company and the other German, among many international companies, to complete the process of printing the new currency.

Shabibi said, in a meeting with the Finance Committee, House of Representatives, the central bank chose the two companies for being Read more…

Introduction of the Kurdish language in the new currency does not require the enactment of the CBI’s approval

A member of the Committee on the economy and investment MP / National Alliance / Ibrahim Rikabi, The introduction of the Kurdish language in the new currency after deletion of zeros of the three of them do not need legislation to the law, but only with the consent of the Central Bank as the competent authority to do so. Read more…

CBI decides to act to support the quota system, banks

BAGHDAD / Center Brief for the Iraqi Media Network – Central Bank of Iraq announced that he decided to work to support the quota system, all banks and improve the commercial reality in the country. Read more…

Central Bank: the project (split national) is important and does not need to legislate a special law

Deputy Governor of Central Bank: the project (split national) is important and does not need to legislate a special law by the

Dated: 25/07/2012 11:04:34 Wednesday

Baghdad (news) .. The Deputy Governor of the Central Bank of the appearance of Mohammed, that the draft (split national) between the banks do not need to enact a law, likely implemented early next year after completing the procedures relating to it.
said in favor (of the Agency news) said on Wednesday: The law of the Central Bank allowed the central issue Read more…

Expert: closing banking offices are contrary to deter money laundering and the smuggling of currency

Expert: closing banking offices are contrary to the instructions for making Salem to deter money laundering and the smuggling of currency

Dated: 25/07/2012 13:32:08 Wednesday

Baghdad (news) .. Praised the economic expert, Ibrahim al-Mashhadani, measures the central bank for the closure of (190) Office of the Banking result irregularities in the circulation of hard currency.
Mashhadani said (of the Agency news) said on Wednesday: The holding of the Central Bank made a sound, well-to deter the smuggling of hard currency and the reduction of the process of money laundering he said, adding, that Read more…

Kurdish language in the new currency does not need legislation to the law, but the approval of the Central Bank

Member of the economy: the introduction of the Kurdish language in the new currency does not need legislation to the law, but the approval of the Central Bank

Dated: 7/24/2012 8:07:59 Tuesday

Baghdad (news) .. Said a member of the Committee of Economy and Investment MP / National Alliance / Ibrahim Rikabi, the introduction of the Kurdish language in the new currency after deletion of zeros of the three of them do not need legislation law, but only with the consent of the Central Bank as the competent authority to do so.
Rikabi, (of the Agency news): Although The Kurdish language is official language, but Arabic is the language basis of the fact that the language of the Read more…

Neighboring countries behind the fluctuation of the value of the dollar against the Iraqi dinar

Expert: political differences and problems of neighboring countries behind the fluctuation of the value of the dollar against the Iraqi dinar

Dated: 7/24/2012 10:36:26 Tuesday

Baghdad (news) .. Said financial expert Mohsen Ali, the presence of internal and external factors control the increase of the exchange rate of U.S. dollar against the Iraqi dinar, saying, that the Central Bank and the Iraqi Stock Exchange does not bear a reason for that.
Ali (of the Agency news) said on Tuesday: The Central Bank is working hard since ( 2003) to increase the value of the Iraqi dinar against the U.S. dollar and keep its price for a long time, but the exchange Read more…

Member of Finance Committee: the formation of a subcommittee to follow up stages of currency exchange

Member of Finance Committee: the formation of a subcommittee to follow up stages of currency exchange

Dated: 7/24/2012 13:34:57 Tuesday

Baghdad (news) .. Announced by the Finance Committee MP / National Alliance / Magda al-Tamimi, the formation of a Finance Committee sub observe the conduct of the stages to replace the new currency.
said Tamimi (of the Agency news) said on Tuesday: The Finance Committee formed a subcommittee headed by Abdul-Hussein al-Yasiri to follow up the stages of the currency exchange The new result of the reluctance of the Central Bank where Read more…

CBI: Zero’s must drop at beginning of year; Would cause accounting problems

Project to delete the zeros from the currency in mid-2013, contrary to the monetary policy

BAGHDAD / Center Brief for the Iraqi Media Network – The Central Bank of Iraq that the proposed deletion of zeros must be the beginning of the year, not in the middle because that would cause a problem in the accounts of the state. Read more…

Shabibi expected delays to be put on new currency but continues to ask for Jan 1, 2013 despite GOI requests

Baghdad/JD/…The CBI predicted delays in putting the new currency early next year and to developments and discussions with the Government.

Prime Minister Nuri al-Maliki demanded earlier with the Bank to wait with his work and put it in the currency changeover from January of 2013. Read more…

CBI: we have from the reserve currency, so as to cover the process of deleting the zeros

Baghdad / justice – 23/07/2012 – Said Central Bank Governor Sinan Shabibi for the selection of a British company and the other a German for the printing of the new process to delete the zeros after it.

The Shabibi during a meeting with members of the Finance Committee, the parliamentary according to a statement of the Commission that the central bank chose a British company and Read more…

Kurdish language and pictures of famous landmarks of Kurdistan will be printed in the new currency

Baghdad (news) .. According to a member of the Finance Committee MP / National Alliance / Secretary Hadi Abbas, the new currency will see the introduction of the Kurdish language in addition to Arabic and English.

Abbas said (of the Agency news) said on Monday: The new currency deleted zeros will enter the Kurdish language and features images from the territory of Kurdistan on both sides, the most important Read more…

CBI Governor receives a delegation of the Finance Committee

I keep Dr. Shabibi central bank governor on Tuesday, 17/7/2012 Sub-Committee which includes members of the Finance Committee (Attorney Yasiri Hussain, MP Ibrahim al-Mutlaq, MP Magda al-Tamimi) in the building of the Iraqi Central Bank in Baghdad and in the presence Addinm officials in the bank.

During the meeting, they discussed latest developments reached by the Central Bank in the subject to delete the zeros and replacing the national currency and the policy of the completion of this process. as meeting discussed the issue of controls adopted in the auction currency and the volume of money supply in circulation.

For his part, said Shabibi the main reason in the process of deleting the zeros due to the economic stability experienced by the country and the ability of the large cash with the Central Bank, and on the currency auction between Shabibi that the operation was a window to enter the foreign currency and raise the value of Iraqi dinar.

He stressed that the central bank chose a British company and the other a German among the many international companies to complete the process of printing the new currency being the Ttavan About 75% of the currencies in the world. noting that the central bank has reserves of the currency so that they can in the process of deletion of zeros and coverage significantly.

parliament.iq