CBI INFO & IRAQI DINAR NEWS

Central Bank: the deletion of zeros from the currency needs to be further consultations

Central Bank: the deletion of zeros from the currency needs to be further consultations

Monday, July 2, 2012 10:03

Translation / Baghdadiya News / .. Iraq News website reported trade the British statement, Deputy Governor Central Bank of Iraq the appearance of Mohammed Saleh said that “to delete the zeros of the Iraqi dinar currency is still in need of further consultations with the relevant authorities.”
The deputy governor added: “The central bank seeks to make the currency Read more…

Prevents the central bank banking offices from transferring funds abroad

Prevents the central bank banking offices from transferring funds abroad

Monday, July 2, 2012 15:00

BAGHDAD / Baghdadiya News / .. Central Bank of Iraq announced that it passed only 400 banking office in the general areas of Iraq, warning offices is approved by the consequences of legal accountability for violating the laws in force, and prevent the central offices of all tasks and restrict foreign remittances, however, banks approved.
The deputy governor of Central Bank of Iraq, told / Baghdadiya News / .. The Read more…

Committee to schedule the deletion of zeros

Committee to schedule the deletion of zeros

Date: Monday 07/02/2012 1:23

 Baghdad / description Hashem
plans to the central bank switches the local currency during the next two years, and the inclusion of the Kurdish language in official currency of the new, to be traded within the banks at the same time calling for the formation of a joint committee by the central and both houses of parliament, ministers and economic experts to study the project to delete the zeros.

The deputy governor of the Central Bank of the appearance of Mohammed’s “long” that “the central bank intends to change the currency during the next Read more…

Experts warn of the repercussions of opening multiple ports to sell the dollar

Experts warn of the repercussions of opening multiple ports to sell the dollar

Date: Monday 07/02/2012 1:19

 Baghdad / range
warned a number of experts and specialists from the recent actions of the Central Bank of Iraq on the opening of multiple ports to sell the dollar, at the time described the central bank to pursue this procedure to create a balance between supply and demand of foreign currency in the market.

The central bank said that it gives each bank a week million and (250) thousand dollars at (1179) and sold to citizens at (1189) that the ratio of profit for banks (10) Iraqi dinars. Growing them to maintain the value of the Iraqi dinar against the dollar, while still Read more…

Central Bank: Branches of foreign banks in Iraq are subject to leave our…

Central Bank: Branches of foreign banks in Iraq are subject to leave our

Monday July 2, 2012

BAGHDAD – and babysit – Central Bank of Iraq confirmed that all the branches of foreign banks operating in Iraq under the Law of the Central Bank and control.
The deputy governor of the Central Bank of the appearance of Mohammed, “said the central bank is Read more…

CBI identifies the proportion of foreign currency granted to the banks depending on

CBI identifies the proportion of foreign currency granted to the banks depending on their capital

02/07/2012 17:00

Baghdad, July 2 (Rn) – The Central Bank of Iraq that he decided that depends on the size of the capital of government and private banks on the process of exchange of hard currency to develop the auction.   and see the market in weeks fluctuation in the exchange rate of the Iraqi dinar against the U.S. dollar, which cited experts to the restrictions imposed by the Bank on sales of hard currency. and the imposition of bank procedures more stringent in the auction Read more…

Traders in the market complain of a new high for the exchange rate of the dollar against Iraqi dinar

Traders in the market complain of a new high for the exchange rate of the dollar against Iraqi dinar
Sunday, July 1, 2012 16:45

{Baghdad} Euphrates News report .. the Iraqi market has seen a substantial rise in the price of the dollar against the Iraqi dinar.

According to traders in the Iraqi market, spoke to the Euphrates News Agency {}, the Iraqi dinar exchange rate has plummeted against the U.S. dollar when the price of the dinar against the dollar 126 000 dinars per cent of the paper dollar after the class was not to exceed 123 000 dinars Faih percent of the paper dollars.

He attributed their decline at the Iraqi dinar to reduce the central bank to the Read more…

Central Bank: the system of monthly payments over 18 trillion dinars

Central Bank: the system of monthly payments over 18 trillion dinars

On: Saturday 06/30/2012 3:38

 Baghdad / follow-term
central bank said that the system of monthly payments in the country over 18 trillion dinars, indicating that the system reduced the transfers of cash manually.
and Iraq has begun running the payments system since 2006 with the help of U.S. Treasury Under the system trading exchange financial between Iraqi banks under the supervision of the Central Bank. Deputy Governor of the Bank according to the appearance of Mohammed (Rn)

“The payments system in Iraq over 18 trillion dinars a month and this has Read more…

Central: The process of switching the currency and delete zeros Setsegriq nearly two years

Central: The process of switching the currency and delete zeros Setsegriq nearly two years

Sunday July 1, 2012

Follow-up – and babysit – Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, said that “the process of switching the currency and delete zeros will take nearly two years and the ongoing preparations for a process that began more than a year, hoping to be a balance in 2013 the new currency.
A statement of the Finance Committee that “the Finance Committee, the Read more…

Deputy Central Bank Governor proposes the formation of a joint committee to schedule..delete the zeros

Deputy Central Bank Governor proposes the formation of a joint committee to schedule the implementation of the project to delete the zeros
On: Sun 07/01/2012 8:14

Baghdad (news) .. I suggest the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh form a joint committee by the central and the House of Representatives, ministers and economic experts to study the project to delete the three zeroes from the currency and the time limit for its application.
Saleh said (of the Agency news): The central bank completed all the procedures relating to the draft re-structuring of currency local after deletion of zeros of Read more…

Experts: sale of hard currency in several ports, an observer .. And consequences of intangible

Experts: sale of hard currency in several ports, an observer .. And consequences of intangible
On: Sun 07/01/2012 12:04

Baghdad (news) / report / Faleh Hussein / .. An open multiple ports to sell the dollar, which took refuge in his central bank, raised heated debate between economists, some of whom questioned the non-compliance of some private banks controls set for the sales.
known as the central bank very well how to address the low exchange rate of the Iraqi dinar against the U.S. dollar in an Read more…

Despite the abundance of sales of Central Bank of Iraq .. Sale price of the dollar stabilizes at 1240 dinars

Despite the abundance of sales of Central Bank of Iraq .. Sale price of the dollar stabilizes at 1240 dinars
30/06/2012 8:55

Baghdad, “Iraq’s gate,” Mohammed Sharif

Despite the abundance of dollar sales at auction of the Iraqi Central Bank, but the sale price of the dollar in the domestic market remained away from the official selling price of about $ 61.

Price and settled in the local markets at 1240 dinars to the dollar since early June, the current, while the dollar auction sold the central bank and through some branches of banks, Rafidain and Rasheed at 1179 dinars to the dollar.

Range from sales of the auction, hosted by the Central every day in the range of Read more…

The 10 thousand dinars fraudulent sinking markets of Basra and Nasiriyah!

The 10 thousand dinars fraudulent sinking markets of Basra and Nasiriyah!

28/06/2012

Palm – formed by local governments in southern Iraq to committees to monitor the counterfeit currency, which he described as local officials on the rise in the market.

A member of the coalition of state law, “Abdul-Hadi al-Hassani,” We have noticed recently the spread of counterfeit currency, specifically the category of 10 thousand dinars, but the reasons are still not known as the sources unknown, adding that the prime minister began to form a committee in Read more…

Central Bank wants Iraqis to drop the dollar in internal commercial transactions

The Central Bank has decided to remove three zeros from the dinar, a move it sees essential to strengthen local currency and tempt Iraqis to stick to it.

For months, the bank has been mulling the issue but only recently it Read more…

CBI: There is no law or legislator has so far prevented the flow of the Iraqi capital abroad

Confirmed that the Central Bank of Iraq Investment Law allowed the introduction of Heads investors their money to support Iraq’s economy, while there is no law legislator has so far prevented the flow of capital out of Iraq, Read more…

Saudis refrain from dealing in Iraqi currency and the countries of the Arab Spring

Riyadh / follow-up JD / .. newspaper (economic) Electronic Arabia a report seen by agency / JD / that some dealers shops in the markets of Mecca and Medina refrained from dealing with the currencies of Arab countries witnessed revolutions Arab spring, and the fear of collapse or falling the exchange rate Read more…

CBI: Dinar exchange rate will be fixed in Ramadan

BAGHDAD – Al Sabah said the central bank exchange rate of the dinar against the dollar will stabilize during the holy month of Ramadan because of the tendencies of food prices in the world to lower, not higher. Read more…

Central Bank wants Iraqis to drop the dollar in internal commercial transactions

The Central Bank has decided to remove three zeros from the dinar, a move it sees essential to strengthen local currency and tempt Iraqis to stick to it.

For months, the bank has been mulling the issue but only recently it said a decision has been made and it was a matter of time to translate it into action.

“The knocking out of zeros will save Iraqis using massive sums of paper money in their transactions,” said Central Bank Deputy Governor Mudher Saleh. Read more…

CBI: The transfer of cash reduced to 18 trillion dinars in June; Helped maintain price stability

CBI: System monthly payments over 18 trillion dinars 29/06/2012 14:04

Baghdad, June 29 (Rn) – The Central Bank of Iraq, Friday, that the system of monthly payments in Iraq exceeded 18 trillion Iraqi dinars, indicating that the system reduced the transfers of cash manually. Read more…

Committee discussed the economy the CBI plan for 2012

BAGHDAD / JD / .. Committee discussed the economy, the Central Bank of the parliamentary plan for the year 2012. A statement issued by the Committee received / JD / copy of it: that “economic and investment commission had a meeting chaired by MP Ahmad al-Alwani, Read more…