CBI INFO & IRAQI DINAR NEWS

CBI plans to convert private banks to large financial institutions

BAGHDAD / Center News for the Iraqi Media Network – The Central Bank of Iraq that he plans to convert the private banks to large financial institutions after the approval of the Government to amend Law No. 94 of 2004 on the integration of private banks small banks-governmental organizations.

Deputy Governor of Bank of the appearance of Mohammed’s Read more…

Central Bank Of Iraq plans to convert the private banks to large financial institutions

BAGHDAD Iraq:  The Central Bank of Iraq that he plans to convert the private banks to large financial institutions after the approval of the Government to amend Law No. 94 of 2004 on the integration of private banks small banks-governmental organizations.

Central Bank: Iraq gets more foreign currency than sell

Thursday 31 May 2012

BAGHDAD – and babysit –The Central Bank of Iraq, “that Iraq gets more foreign currency than sell them,” adding that “the Iraqi dinar is going to improve.” The deputy governor of Bank of the appearance of Mohammed in a press statement that “the central bank gets more foreign currency than sell as the cash reserve at the central bank is estimated between 62 to $ 63 billion, the highest in the history of Iraq, monetary and financial.”

He stressed that “the head of the Iraqi dinar to improve, not only Read more…

CBI reveals formation of a committee to make a decision to delete the zeros of the dinar

Revealed Advisor and Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh, a proposal made by the aim to form a committee consisting of a number of deputies and representatives of the Council of Ministers and the Central Bank, to study the process of deleting the zeros of the Iraqi currency. Read more…

CBI is ready to delete the zeros; Government supports it and no one against it. However needs approval by GOI and House

Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, the readiness of the bank to start the process of removing three zeros from the currency, noting that the objection on that just is incorrect.

Saleh said in a press statement Project is integrated and all concerned in the government support him and there is no one against him, and who object to this project is skeptical of the ability of the central bank to implement it «. Read more…

Council of Ministers request CBI to wait on dropping zeros; There is concern over money laundering and inflation

The Finance Committee’s (et al): Council of Ministers asked to wait for the deletion of zeros that may affect the financial policy adopted by the government A member of the Finance Committee in Parliament MP for a coalition of state law Haitham Jubouri that there is a request from the Secretariat of the Council of Ministers to wait for the policy to delete the zeros that may affect the fiscal policy pursued by the state. Read more…

CBI puts the controls to combat money laundering

CBI puts the controls to combat money laundering   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 Read more…

Dinar Move a Plus for Stocks

Last week the Central Bank of Iraq (CBI) announced that it was authorizing the two largest state-owned banks, Rafidain Bank and Rashid Bank, to sell US dollars at auction.  The CBI’s goal is to reduce the spread between its own auction rate and the unofficial “street” exchange rate, which has recently been as wide as seven percent.  The CBI expects the spread to narrow to four percent initially and eventually to Read more…

Member of the Finance Committee: Iraq got another extension to protect funds deposited out

Baghdad (newsletter) … Member of the Finance Committee revealed on/National Alliance Deputy/Magda El-Tamimi, from Iraq to another extension to protect global funds deposited in banks.

She said Al-Tamimi (News Agency news) on Thursday: Iraq got during the past month on the last extension protection funds abroad for one year by the US administration. Read more…

Advisor to the CBI: Jordan is a key partner and indispensable for Iraq

BAGHDAD (Iba) … The adviser said the Iraqi Central Bank and the economist, the appearance of Mohammed Saleh, said that Jordan does not represent Iraq’s just a neighbor and brother, but also a strategic depth an important and essential partner is indispensable in many areas of economic, political, and security. Read more…

Egypt’s Central Bank will drop zeros from currency despite calls to delay

Member of the Committee on economy: Central Bank of Egypt to implement project delete zeros despite calls delayed Date: Thursday, 31-05-2012 09: 07 am

Baghdad (newsletter) … Economic Committee member confirmed Deputy/Iraqi/coalition, determination albegari Noora Central Bank to implement the draft deleted three zeros from the currency early next Read more…

reduce the price of one thousand Iraqi dinars at once

Baghdad / WAP / expert warned economic Mackie Rdam, Tuesday, of the danger of reducing the price of the dollar to one thousand Iraqi dinars at once, and promise Tsraa from the central bank in the event of the oldest on the move.

He told Baghdad International / WAP / “The rush to reduce the dollar at once will lead to confuse the market and business dealings, the fact that the difference in exchange rate will be greater, Read more…

Central Bank: a wide range of private banks will open a window to sell the dollar price of 1189 Iraqi dinar

New Iraqi dinar rate: Announced the Central Bank of Iraq, near the start of a wide range of from private banks to sell the dollar cash to the public, through the windows of sale approved and rate of exchange for no longer than 1189 Iraqi dinar per dollar. Read more…

Emphasizes the importance of the central deletion of zeros and says the project logical scientific economic

Central Bank of Iraq on Tuesday, that the deletion of zeros from the currency will carry the country from the country of trillions to billions, while stressing that the project still needs the approval of Parliament and the Iraqi government. Deputy Governor of Central Bank of Iraq appearance of Mohammed in a press statement that ‘the project to delete the zeros three of the Iraqi currency will move Iraq from the country of trillions to the country of billions, so Iraq will move from number 10 to the 12 to 10 to the 9 ‘. Read more…

Parliamentary Finance: Launch percent advance salary and five million Iraqi dinars in July

Finance Committee confirmed its intention to increase in the salaries of employees and retirees as well as an advance release of the five percent salary and millions of Iraqi dinars. “A member of the Finance Committee Haitham Jubouri that” there is a significant inflation in the Iraqi economy and become useful to respond to appropriate salaries. Read more…

Defense Minister confirmed that Iraq seeks to join (GCC) Gulf Cooperation Council

said Iraqi Defense Minister Saadoun al-Dulaimi agency on Tuesday that his country is seeking to enter in the system of the Cooperation Council for the Persian Gulf states.

Dulaimi said in a statement reported for ” Twilight News “that” this (accession) as Iraqis hope, and we will be an active and important role in the Council. “ Read more…

Iraq calls on the U.S. Treasury and the World Bank to support banking and financial sector

called on the Federal Ministry of Finance, on Tuesday, the U.S. Treasury Department and the World Bank to support and to support the banking and financial sectors in Iraq.

The Finance Minister Rafie al-Issawi received U.S. ambassador to Iraq, ended its James Jeffrey and a number of accompanying him in the U.S. Treasury. Read more…

Economist warns against the dollar to reduce the price of one thousand Iraqi dinars at once

05/29/2012 10:23

Economic expert has warned Rdam Makki, Tuesday, of the danger of reducing the price of the dollar to one thousand Iraqi dinars at once, and promise Tsraa from the central bank in the event of the oldest on the move ..

He said in a statement that “the rush to cut the dollar at one time would confuse the market and business dealings, the fact that the difference in exchange rate will be greater, which will cause repercussions and problems among traders and creates chaos in the stock market and the offices of dollar selling.” Read more…

Central Bank: private banks will begin to sell the dollar to the public at the price of 1189 Iraqi dinars

Baghdad, “Iraq’s gate,” Mohammed Sharif      05/30/2012 9:33

Central Bank of Iraq, that a wide range of private banks are the other will begin to sell the dollar cash to the public through the windows of sale at the exchange rate are approved and for no longer than 1189 Iraqi dinars per dollar.

According to a statement issued by the Bank received a “gate Iraq,” a copy of “Iraqi dinar is stable highly reflected in the continuing rise in the exchange rate of the Iraqi dinar against the dollar in the local market, and that the intervention of the Iraqi Central Bank in the exchange market and his handling of the Read more…

Economic Commission Decision: The Central Bank pumped huge amounts of dollars to maintain the value of the dinar in front of him

On: Wednesday 05/30/2012 12:06

Baghdad (news) .. According to decision of the Economic Commission deputy / Kurdish coalition blocs / Mahma Khalil, that the central bank gave powers to the banks, government business for the sale of hard currency in addition to the auction to inject large amounts of dollar in the market to maintain the value of the Iraqi dinar. 
Khalil (of the Agency news) said on Wednesday: The Central Bank is the main reference for the Iraqi banks and obliges it to apply fiscal policy, and as a result of increasing the value of the dollar against the Iraqi dinar during the recent period, he decided to Central to give authority to sell hard currency to the Read more…