CBI INFO & IRAQI DINAR NEWS

Parliamentary Finance: The Central Bank is making good steps

Parliamentary Finance: The Central Bank is making good steps

5.6.2012
Integrity of electronic / Baghdad

Described the Finance Committee, the parliamentary: Central Bank that he has started to make good steps to restore the value of Iraqi dinar and to maintain its price in front of hard currency through the grant authority to sell hard currency for a number of commercial banks in addition to that action will be taken to open letters of credit instead of foreign exchange of currencies.

He said committee member Abdul-Hussein al-Yasiri: that the way the opening credits would force traders to open the adoption of their own by commercial Read more…

CBI has started to make some good steps to reset the value of the dinar

Details Created On Monday, June 4, 2012 12:33 Date of Publication Group: economy

A member of the Finance Committee MP Abdel Hussein al-Yasiri, in a way to open letters of credit instead of foreign exchange of currencies used by the central bank to maintain the value of the dinar against the dollar. Read more…

Citizens: Rafidain Bank refused to receive Basmajh Introduction Apartments in Iraqi Dinars

Citizens: Rafidain Bank refused to receive Basmajh Introduction Apartments in Iraqi Dinars

04/06/2012 8:03

Baghdad, “Iraq’s gate,” Mohammed Sharif

A number of citizens that some branches of banks, government banks, as elected by the National Investment Commission, refused to receive the premium amount in Iraqi dinars, Bde did not report it at the exchange rate under which Tjoal amount set by the Commission.

He said citizens “of the gate of Iraq” on Monday that some branches of the Rafidain Bank, specifically including a branch of the eastern door, refused to receive the payment amount in Iraqi dinars, and demanded some of which specify the exchange rate according to the price traded in the commercial market and not, as defined by the National Investment Commission. Read more…

Central Bank: sovereign bonds of Iraq the most expensive in the world

Central Bank: sovereign bonds of Iraq the most expensive in the world

Monday June 4, 2012

Central Bank of Iraq said that “international sovereign Iraqi bonds issued under the Paris Club granted a higher interest rate / not specified / purchased at prices which makes it expensive compared to the rest of the sovereign bonds rose for the rest of the countries that confer benefits by about 2%.”

The deputy governor of Bank of the appearance of Mohammed, “The current account surplus in the balance of payments amounted to about Iraqi 10% ratio to GDP (national income).” Stressing that “this will enable the Iraqi dinar rate of improvement because of the trend towards the adoption of central bank monetary policies successful.” He said.

He noted that “the Iraqi dinar on the way to improvement through the return Read more…

CBI: sovereign bonds of Iraq the most expensive in the world

The Central Bank of Iraq that “the Iraqi bonds international sovereign issued under the Paris Club granted the proportion of the benefits of higher / unspecified / making it bought at high prices compared by the rest of the sovereign bonds for Read more…

Finance Committee: open letters of credit best way to save the value of the dinar

Economic Commission: gave powers to the central government commercial banks to sell foreign currency

Praised the Finance Committee MP Abdel Hussein al-Yasiri, in a way to open letters of credit instead of foreign exchange of currencies used by the central bank to maintain the value of the dinar against the dollar. Read more…

CBI confirms that the dinar on the way to improvement

Baghdad on June 03 / (QNA) / Central Bank of Iraq announced that the national currency / dinar / on the way to improvement through the return of the spread of trading in global financial markets, stressing that the right of equality Iraq peg to the dollar, as it is now open economically to the world, nor can re-isolation from the international incubator. Read more…

Expert: how complex loans that do not serve the economic process

Expert: how complex loans that do not serve the economic process

Date: Monday 04/06/2012 10:39

Baghdad (news) .. Expert criticized the bank on behalf of the beautiful, the way the work of Iraqi banks in granting loans and advances for the citizens, noting that it complicated procedures that do not serve the economic process in the country. 
, said Jamil (of the Agency news) said on Monday: The method used in banks Iraqi government and private lending operations and advances for the citizens do not serve the economic process in the country being more than the interest rate and demand guarantees high no citizen can be achieved. He added, Read more…

Assurances of completion and readiness of the project to delete the zeros

Assurances of completion and readiness of the project to delete the zeros   Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, the readiness of the bank to start the process of removing three zeroes from the currency, noting that Read more…

Customs tariff; Economic irony between the government and the Central Bank

Chaos markets innovative, drawing features Bremer (Bremer) and fostered by the Iraqi government neglecting and disable of economic law on purpose, including the law of customs tariff of the monopoly markets of Iraq and emptying them of their currencies to the foreign, where again the government reiterated the request of the House of Representatives to postpone the Read more…

Expert: the dollar is not linked to reduce or shut down unauthorized banking offices

Baghdad (newsletter) …The competent Minister in Economic Affairs, Ali dargham closed unauthorized banking offices does not affect the exchange rates of the dollar. Read more…

Chairman of the parliamentary Economic Committee: Iraq becomes the seat of smuggling mafias hard currency

Baghdad (news) .. Head of the Economic Commission for MP / the Iraqi List / Ahmad al-Alwani, the presence of mafias aims to turn Iraq into an arena for money laundering and the smuggling of hard currency to neighboring countries. Read more…

Expert: U.S. dollar exchange rate is linked to reduction or closure of banking offices is approved

On: Sun 06/03/2012 13:07

Baghdad (news) .. He specializes in economic affairs Dargham Muhammad Ali, that the closure of banking offices is approved does not affect the exchange rate of the dollar.

Ali (of the Agency news) said on Sunday: that the money supply in the market are Read more…

Foreign Relations calls for the development of Iraqi banks through the agreement with the United States

Foreign Relations calls for the development of Iraqi banks through the agreement with the United States

06/02/2012
BAGHDAD / JD / .. called for a parliamentary Foreign Relations Committee, the United States to support the financial side and the Iraqi banking technology through the development of banks in Iraq and human development. A member of the Committee and MP for the Rafidain List mainstay John’s / JD / “The strategic agreement between Iraq and America’s support included the economic, cultural and military, including the banking sector, which needs to introduce new developments of the Iraqi banks.” John explained that “Iraq needs to technological development in the banking sector, in addition to Read more…

Central Bank: Identification of Iraq’s debt end of June 2013,

Central Bank: Identification of Iraq’s debt end of June 2013,

Sunday June 3, 2012

BAGHDAD – and babysit –Central Bank of Iraq said that “the end of June of next year will determine all debts owed ​​by Iraq and to know the exact amounts for it.”

The deputy governor of Bank of the appearance of Mohammed “is not reasonable nor acceptable continuing claim to extend the protection of Iraqi funds abroad, where the middle of next year will see the resolution of this file completely.”

He added that “Iraq’s request for an extension to protect his money abroad Read more…

Member of Finance Committee: open letters of credit best way to save the value of the Iraqi dinar

Member of Finance Committee: open letters of credit best way to save the value of the Iraqi dinar

On: Sun 06/03/2012 11:15

Baghdad (news) .. Praised the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri, in a way to open letters of credit instead of foreign exchange of currencies used by the central bank to maintain the value of the Iraqi dinar against the dollar. 
Yasiri said (of the Agency news) said on Sunday: The Central Bank started to step in. good steps to restore the value of Iraqi dinar and to maintain its price in front of hard currency through the grant authority to sell hard currency for a number of commercial banks in addition to that action will be taken to open letters of credit instead of Read more…

Expert: U.S. dollar exchange rate is linked to reduction or closure of banking offices is approved

Expert: U.S. dollar exchange rate is linked to reduction or closure of banking offices is approved

On: Sun 06/03/2012 13:07

Baghdad (news) .. He specializes in economic affairs Dargham Muhammad Ali, that the closure of banking offices is approved does not affect the exchange rate of the dollar. 
Ali (of the Agency news) said on Sunday: that the money supply in the market of the dollar is not affected by stop offices or reduced because the central bank is controlled exchange rates of the dollar. He added there is no link between the exchange offices and dollar exchange rates, Vachirfah is a profession to earn a profit and make currency trading easier, but the central Read more…

Finance Committee calls for a legal amendment of the Central Bank and the banks of the Penal Code

Vice Chairman of the Finance Committee calls for a legal amendment of the Central Bank and the banks of the Penal Code with Tardahma

On: Saturday 02/06/2012 11:37

Baghdad (news) .. Called on Vice-President of the Finance Committee MP / Kurdish coalition blocs / Ahmed Hassan Faizullah, the need to amend the Central Bank and banks, to Tardahma with the Penal Code. 
said Faizullah (of the Agency news) on Saturday: Most Iraqi laws legislated need for the amendments that it interferes with other laws and the considerable disruption and some paragraphs do not serve the interest of the country. He added that the Central Bank Law No. (56) of the Year (2004) and the Banking Law No. (94) for the year (2004) contrary to the Penal Code No. (111) of the Year (1969 ) rate, in addition to the translation of the law were not legal translations solid, making a delay in reducing the smuggling of foreign exchange and other non-legal. He pointed to: that the amendment of these laws will help the central bank to develop the financial sector and reduce the suffering of Iraqi citizens through the introduction modern methods, in addition to that it does not allow speculators to transfer huge amounts of money outside the country illegally. / Finished / 8. d. Q /

Source: ikhnews

Central Bank puts the controls to combat money laundering

Central Bank puts the controls to combat money laundering

31/05/2012
Karbala / JD / .. Detect the Iraqi Central Bank for the offices of specialized affiliated to monitor and control the movement of money into Iraq to deal with cases of money laundering occurring. The Director General of Statistics and research at the Bank in an interview with the correspondent of the agency / dinars / day, “said the CBI stressed through the controls and restrictions approved by the law (930) on anti-money laundering and the smuggling of currency in the country.” He added, Read more…

Deputy: the need to establish a development bank contributor to ease the burden on the state banks

Deputy: the need to establish a development bank contributor to ease the burden on the state banks

On: Friday 06/01/2012 13:26

Baghdad (news) .. The member of the Committee on the economy and investment MP / National Alliance / Abdulabas broadly to the need to establish a development bank contributor to relieve the great burden of state banks. 
and between broadly in a statement (of the Agency news) Friday: that the project create a bank shareholder by the public and private sectors would reduce the government banks, which bear a great burden, a condition granting the bank shareholder of Read more…