CBI INFO & IRAQI DINAR NEWS

CBI decides to grant licenses to banks to increase the civil branches

CBI decides to grant licenses to banks to increase the civil branches

12/06/2012 09:54

Baghdad, June 12 (Rn) – The Central Bank of Iraq, Tuesday, for making a decision to grant licenses for a limited number of private banks to increase its branches in Iraq, noting that private banks have exceeded the 40 banks. Deputy Governor of the Central Bank of the appearance of Mohammed, told the Kurdish news agency (Rn ) that “the Central Bank of Iraq has taken a middle ground through a grant licenses for a number of private banks with foreign branches are more than 40 for the opening of bank branches.” He explained that “the total number of branches of domestic banks and foreign in Iraq up to about Read more…

Share of banking services per capita in Iraq is low, says Central Bank

Share of banking services per capita in Iraq is low, says Central Bank

11/06/2012 11:51

BAGHDAD, June 11 (AKnews) – The Iraqi Central Bank (ICB) stated today that the country is suffering from a low share per capita of banking services at an average of one bank per 40,000 people. Read more…

Rate of Central sales exceeded $ 200 million

Rate of Central sales exceeded $ 200 million

06/11/2012 0:00 

Central Bank: Iraq suffers from low per capita share of banking services

Central Bank: Iraq suffers from low per capita share of banking services

11/06/2012 08:54

Baghdad, June 11 (Rn) – The Central Bank of Iraq, Monday, the country is suffering from a low per capita share of banking services to reach an average to one bank per 40 thousand people, is a big difference from what exists in neighboring countries. Deputy Governor of Bank of the appearance of Mohammed, told Kurdish news agency (Rn) that “the country suffers from a lack of per capita share of banking services is low and the average branch per 40 thousand people, with per capita in the surrounding countries is a branch for every 10 thousand people.”  said Deputy Governor of the Bank to “increase the Read more…

Senior Economist: Baghdad has not taken the necessary measures to protect Iraq’s money

Senior Economist: Baghdad has not taken the necessary measures to protect Iraq’s money

10/06/2012 15:15

Dohuk, June 10 (Rn) – considered an economist Iraq, Sunday, the Iraqi governments since 2003 have not taken the necessary measures to protect Iraqi funds deposited in international banks, warning that the lifting of U.S. protection of Iraqi funds will open the doors to mislead the accounts and seized the pretext of indebtedness of the system Previous. The Finance Committee representative has said that Iraq got the last extension by the U.S. administration to protect his money from abroad for a year, expires in May 2013. said peace Sumaisem economic expert earlier in the Secretariat of the Council of Ministers, told the Kurdish news agency (Rn) Read more…

Central Bank of Iraq open weekend its sale of $ 89 million in auction

Central Bank of Iraq open weekend its sale of $ 89 million in auction

Sales of the Iraqi Central Bank Bmzadeh for the sale and purchase of foreign currencies, on Wednesday, to record the amount of $ 89 million, compared to 154 million the previous session, the exchange rate based on 1166 Iraqi dinars for every dollar.
The bulletin issued by the Central Bank that the total volume of demand for the dollar stood at 89 million and 798 thousand dollars, covered by the central bank at an exchange rate basis was 1166 Iraqi dinars to the dollar. “The Central sales reached 154 million and 840 thousand dollars in the previous session. This comes after fall sharp dollar sales in the Central Bank on the fourth of April, after his decision to Read more…

International report: the eyes of investors in the world on the Iraqi dinar!!

International report: the eyes of investors in the world on the Iraqi dinar!!

Saturday, June 9, 2012

London / Orr News

In the currency markets, and global economic forums, focus the eyes of investors to the new conditions of the Iraqi dinar. According to an economic report released in London, that the discussions heated, about whether the Iraqi dinar was the case now (investment opportunity) better, worse or to buy the currencies of emerging. In the face of this shift,  to obtain information from reliable sources to protect their customers from which publishes rumors and false information about the Iraqi dinar. Taking careful site mentioned on the availability of integrity and transparency (when buying and selling), all investors Read more…

The Central Bank announced new steps that will raise the value of Iraqi dinar

Parliament calls for the central bank not to limit bank loans and one

09/06/2012

BAGHDAD / JD / .. Knesset Finance Committee requested the CBI not to Hsrmzad hard currency in one bank, as well as bank loans in order to avoid cases for administrative and financial corruption. A member of the Committee and MP for the rule of law, Secretary Hadi’s / JD / “The bank loans that are working on the Rasheed Bank should not be limited to the only, to avoid the occurrence of any corruption. Said Hadi:” I addressed the Bank Governor Sinan Cpie not limited to an auction sale of foreign currency in one bank so there is no monopoly on economic and not to open the door of bribery and corruption, financial and administrative front sale “.. The Central Bank announced new steps that will raise the value of Iraqi dinar against the dollar. Read more…

Finance Committee calls for the training of young employees in the banking sector

Finance Committee calls for the training of young employees in the banking sector

09/06/2012
BAGHDAD / JD / .. A member of the Finance Committee and the parliamentary bloc MP for Surrey citizen Faleh that Iraq is in dire need to support the U.S. Treasury Department and the World Bank and the IMF in the field of financial credit, and called for staff training youth workers in the Iraqi banking sector. Said Sari’s / JD / “The policy-making in Iraqi banks need to develop and Rehabilitation.” He described the popular Sari banking system in Iraq, b (classical) old, calling to work to make it keep pace with developments in the Arab world banking and foreign. He called Sari “to Read more…

Iraq tries again to buoy dinar, stem dollar flight

BAGHDAD: Iraq’s central bank, struggling to stem an illicit tide of dollars into sanctions-bound Iran and Syria, has had some success in steadying its own dinar by pumping dollars to Iraqis through two state-run banks, traders and officials say. Read more…

Raise zeros from the Iraqi currency at a seminar center Mustansiriya

Under the auspices of Prof. Dr. Rahim Taher Saadi University President Mustansiriya in the presence of MP Dr. Salman al-Musawi and MP Abdul-Abbas estrus members of the Economic Committee in the House of Representatives, Dr. the appearance of Mohammed Qasim, Vice Governor of Central Bank of Iraq and Gentlemen, representatives of professional organizations and Read more…

MPs are demanding the government offices, activating the role of the fight against money laundering

MPs are demanding the government offices, activating the role of the fight against money laundering

09:48  07 / 06/2012

Khandan – A number of Representatives and the Almokhtsaan the government and the Central Bank of activating the role of offices of combating money laundering, which began to hurt the Iraqi economy at a time in which he disclosed the central bank oversight role in this area is very weak, and that the issue needed to effort a senior government. The Office of laundering money form in 2007, and that the special law was issued at the time of the civil administrator of Iraq Paul Bremer after 2003, and that the rate of sales of Auction Central Bank of Iraq Read more…

Iraq is trying to once again support the Iraqi dinar and the dollar to stop the flow of outside

Iraq is trying to once again support the Iraqi dinar and the dollar to stop the flow of outside

07/06/2012 10:21 AM

Babinaoz (Reuters) – say traders and officials said the Iraqi Central Bank, who is struggling to stem the illicit flow of dollars to Iran and Syria, has achieved some success in supporting the stability of its currency the Iraqi dinar by the flow of dollars to the Iraqis through banks run by the state. 
facing the bank for months, difficulty in dealing with the increase demand for the dollar in daily Mzhadath with Iqbal traders to buy the U.S. currency to sell in neighboring Syria and Iran, where galvanized the international sanctions imposed on them the demand for hard currency. 
Iraq and is recovering from decades of war and sanctions is still a centrally Read more…

Identify the problems of the banking sector and proposals developed comprehensive strategy to address them

Identify the problems of the banking sector and proposals developed comprehensive strategy to address them

07/06/2012 2:35 

In a seminar Iraqi Institute for Economic Reform 
Baghdad Yasser incumbent 
stood and workshop economic when the main problems and obstacles that hinder the performance of banking operations in Iraq through four working papers prepared by specialists and presented them in the workshop organized by the Iraqi Institute for Economic Reform Based on the importance of the banking sector in development. 
and chaired the Business Symposium, an economist and consultant in one of the international institutions Amer Jeweler and supervised by Dr. Mahdi Al-Hafiz and was attended by a group of experts and professionals in the public and private sectors. 
 and the worksheet is the first of Dr. Ahmed Albatall has carried the title requirements of the development of the banking industry for in Iraq which he Read more…

Deputy: open multiple outlets to sell the dollar is good, and does not affect the cash reserve

Deputy: open multiple outlets to sell the dollar is good, and does not affect the cash reserve

Date: Thursday, 07/06/2012 10:46

Baghdad (news) .. Praised the House of Representatives MP / National Alliance / Abdul Hadi al-Hassani, a Central Bank to open more than one port for the sale of hard currency, ruling out the impact on the rate of monetary reserves located increases with increasing export capacity of oil. 
said Hassani (for the Agency news) on Thursday: The Central Bank pursued a policy of keeping the value of Iraqi dinar through its control of the pumping quantities of hard currency according to the needs the local market after opening more than one port to sell the dollar, either through auction or Iraqi banks. He pointed out: Read more…

Rasheed Bank: Support for small businesses to stimulate the national economy

Rasheed Bank: Support for small businesses to stimulate the national economy

06/06/2012 0:00 

Allocated 200 billion Iraqi dinars for the private sector 
Baghdad – Haider Filaih Rubaie 
praised the Director General of the Rasheed Bank of the importance and role of small enterprises in the development of the Iraqi economy and reducing unemployment and alleviating poverty in Iraq, pointing out that the rational decided to give wishing to establish small businesses loans of up to 20 million Iraqi dinars and the period of payment of three years, as Iraq seeks to develop the reality of investment projects and activate the production to him, said General Manager of the bank that the volume of funds allocated by the rational supporting the private sector amounted to 200 billion Iraqi dinars, pointing out that Read more…

CBI: Middle of next year will resolve Iraq’s debt profile

Announced that the Central Bank of Iraq the end of June of next year will determine all debts owed by Iraq and to know her exact amounts.

The deputy governor of Bank of the appearance of Mohammed Saleh, said Read more…

Process of selling the dollar to the citizens come to support the family economy

Citizens praised them and specialists called for the sale of free

praised a number of specialists affairs Financial to adopt the private banks to help the Iraqi Central Bank to sell the dollar to the citizens eligible according to the instructions issued, where it can be for the traveler or going for treatment outside the country get 10 thousand dollars at 1189 Iraqi dinars per dollar. Read more…

DEPUTY CALLS FOR A LEGAL AMENDMENT OF THE CENTRAL BANK AND BANKS

Vice-President of the Finance Committee Ahmed Hassan Faizullah, the need to amend the Central Bank and banks, because of the contradiction with the Penal Code. Faizullah said most Iraqi laws legislated need for the amendments that it interferes with other laws and the great imbalance and some paragraphs do not serve the interest of the country. Read more…

IRAQI DINAR FIRMS AS BANKS START SELLING DOLLARS AT OFFICIAL RATE

The Central Bank, its coffers awash with hard cash, has persuaded seven private banks to sell the greenback at the official rate of 1,179 Iraqi dinar for each dollar, Central Bank Governor Mudher Saleh said.

Saleh said the crisis that hit the Iraqi dinar a few months ago, causing a sudden depreciation of its value, was over. Read more…