CBI INFO & IRAQI DINAR NEWS

U.S. Treasury confirms its support for the development of banking and financial sector of Iraq

05/29/2012

BAGHDAD / JD / .. received the Iraqi Finance Minister Rafie al-Issawi ended its U.S. ambassador to Iraq, James Jeffrey, to discuss economic issues in addition to the current political situation. The financial press release, today, received / JD / copy, “said al-Issawi and Jeffrey received a number of accompanying him from the U.S. Treasury at the end of his mission in Baghdad.” She pointed out that “the two sides reviewed the economic and financial issues related to the work of the Ministry of Finance of Iraq.” The ministry said “the two parties stressed the importance of developing the banking sector and the country’s financial Read more…

The central bank introduced a new strategy for the Iraqi dinar to the dollar is equal to

05/29/2012
BAGHDAD / JD / .. Central Bank announced new steps that will raise the value of Iraqi dinar against the dollar. The deputy governor of the Central Bank of the appearance of Mohammed in a statement to the reporter (JD) that the central bank began to implement a new strategic equation will come out even where the Iraqi dinar and the dollar if it is available the appropriate atmosphere. Saleh added that the new strategy will work to increase the capacity of the Iraqi dinar as a step in the way of reform of the financial system in Iraq and stimulate the economy, and then proceed with a project to delete the zeros of the exit equation equal to the Iraqi dinar with the dollar and this requires the Read more…

Central Bank: the deletion of zeros from the country of Iraq will be transferred trillions to billions

Tuesday 29 May 2012

Sumerian News / Baghdad Central Bank of Iraq, Tuesday, that the deletion of zeros from the Iraqi dinar currency will transfer 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 the appearance of Mohammed Saleh in an interview for ” Alsumaria News “,” project to delete three zeros from the Iraqi dinar currency will move Iraq from the country of trillions to the country of billions, so Iraq will move from numbers 10 to the 12 to 10 to the 9 “. Saleh added that “the project is different from the issuance of a new currency as follows it not only deleted three zeros from the Iraqi dinar currency, but delete the three places calculations of the Read more…

Member of Finance Committee: The Central Bank puts the instructions and opposers can not preserve the value of national currency

On: Tuesday 05/29/2012 10:38

Baghdad (news) .. Criticized by the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri, the monetary policy pursued by the central bank, adding that he puts the instructions and financial rules and the violation of their application. 
Yasiri said (of the Agency news) said on Tuesday: The officials and decision-makers at the central bank tends their emotional style, what makes them “Itnervzon” Once the high value of the dollar against the Iraqi dinar, without resorting to radical solutions or thinking about the development director for any crisis, an emergency occur in the financial Read more…

The National Conference is the best choice to resolve the crisis in the absence of agreement on the withdrawal of confidence from Maliki

Iraqi MP: National Conference is the best choice to resolve the crisis in the absence of agreement on the withdrawal of confidence from Maliki

29/05/2012 15:29

Erbil, May 29 (Rn) – A member of the Iraqi parliament from the Kurdistan Alliance, on Tuesday, the National Conference is expected is the best option to resolve the current political crisis in the country in light of the incompatibility of the political forces opposed to the policy of Prime Minister Nouri Maliki to withdraw confidence from the government. The Iraqi List led by Iyad Allawi, announced on Monday (28.05.12), on the exhaustion of time limits to resolve the political crisis through dialogue, stressing the option of resorting to withdraw confidence from the Prime Minister Nuri al-Maliki and the formation of a new government.  The announcement comes after the arrival of leaders of the Iraqi List to Arbil in preparation for a round of consultations new to crystallize a unified position about the lack of response of the National Alliance to request replacement of Prime Minister Nuri al-Maliki, another candidate.  and a National Alliance meeting all of its components on the eve of Read more…

Central Bank announces increase its reserves of hard currency to $ 63 billion

Monday, 28 May 2012

Sumerian News / Baghdad 
Central Bank of Iraq, Sunday, from high reserves of hard currency to $ 63 billion, confirming that it is the largest in the history of Iraq, in what was considered that these reserves are still a few in a country lack of economic diversification. Deputy Governor of the Bank Mazhar Mohammad Saleh In an interview for “Alsumaria News”, “The Iraqi central bank reserves of hard currency rose to $ 63 billion after the $ 60 billion before the end of last year, 2011,” noting that “this increase will increase confidence in local currency also will increase the stability.” Saleh added that “these reserves, Read more…

Central seeks to unify the exchange rate

05/28/2012

Integrity electronic / Baghdad
Approved the Central Bank of Iraq this month, the existence of an imbalance in the Iraqi dinar exchange rate and confirmed his quest to unify the exchange rate between him and the local markets while at the same time denied any deterioration of the value of Iraqi dinar.
The central bank last week accused the four of conspiring to hit the financial economy of Iraq to empty its market of its financial strength, indicating that the free trade corridors in Iraq is becoming the means adopted to hit the economy.

And saw the price of the dollar compared to a rise in local currency during the past few days, which Read more…

Delete the zeros depends on the central exchange rate controlled

05/28/2012

BAGHDAD / electronic integrity
A member of the Finance Committee Najiba Najib said: project delete the zeros and the restructuring of the currency made by the central bank depends on the extent of implementation of control and control of the Iraqi dinar exchange rate against the dollar.
She added that Najeeba: Central Bank and the government in the event will allow them to take action and contribute to a new monetary policies to control prices of the Iraqi dinar against the dollar, they will be able to cancel the wait-and-start delete the zeros and the restructuring of the currency”.
The Cabinet decided, in the middle of the month of April last, be patient in the application of the deletion of zeros from the national currency.  Read more…

Seminar in Karbala calling for the organization of the work of the banking sector in Iraq

05/28/2012
Karbala / JD / .. set up the investment in Karbala, in cooperation with local government today, Monday, to organize a scientific symposium mechanisms used in the work of the banking sector in the city, with the participation of the Iraqi Central Bank and a number of local and foreign banks are active. The director of the Investment Authority of Karbala some professional Abdul Hussein in an exclusive interview to the reporter / agency JD / that “the Commission considers, after consultation with the local government held the symposium to highlight the main obstacles and problems facing the movement of investment in Iraq at the Read more…

The central bank re-based documentary work after two decades of stop

Monday 28 May 2012

Central Bank of Iraq said that “next week will see the return address instead of relying C C conversion.”

The deputy governor said the appearance of Mohammed Saleh, said that “work to open letters of credit rather than transfer of credit for hard currency is a system that was in effect before the imposition of the embargo on Iraq in 1990,” noting that “this action will guarantee to make sure that the hard currency that are sold to traders not be paid unless Read more…

Expert: there are “sharks” will use the Tariff Act for-profit

Date: Monday 05/28/2012 10:48

Baghdad (news) .. Warned the economic analyst Ibrahim al-Mashhadani, from the exploitation of some traders to the Tariff Act to raise prices in the market doubly, indicating that the local market is dominated by the “sharks” who exploit opportunities for profit. 
Mashhadani said (of the Agency news) said on Monday: The activation code tariff will not be complete without the presence of agricultural and industrial sectors effective, because the basis of law is to protect local product, though it will lead to increased prices in the domestic market. He added that the Iraqi market is dominated by the “sharks” are Read more…

Deputy Governor of Central Bank: an integrated project to delete the zeros and the objectionable question is incorrect

Date: Monday 05/28/2012 11:53

Baghdad (news) .. 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 Iraqi dinar currency, noting that the objection on that just Cecchekat is incorrect. 
Saleh said (of the Agency news) said on Monday: The 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. He added that the central bank will be ready to implement the decision without hesitation if the government Read more…

CBI begins to pay depositors Warka Bank

CBI begins to pay depositors Warka Bank

28/05/2012 09:33

Baghdad, May 28 (Rn) – The Central Bank of Iraq, on Monday, he began to pay small depositors Warka Bank for Investment Al-Ahli, who suffered a financial crisis summoned and placed under guardianship. and decided Central Bank of Iraq beginning of March last to develop and guardianship to the Warka Bank because of the deterioration of fiscal policy , the bank said that the imposition of guardianship on the Warka Bank came to save him. The main tasks of the Central Bank in managing monetary policy in the country, and raise the value of Iraqi dinar and tackle inflation. Deputy Governor of Bank of the appearance of Mohammed, told the Kurdish news Read more…

Parliamentary Integrity check b «violations» in the Central Bank and the latter denies

27/05/2012 0:00 

Parliament calls for an economic lift to the value of the dinar

27/05/2012 0:00 

Expert: Iraqi banks can not interact with the global counterparts because of bureaucratic

On: Sun 27/05/2012 8:19

Baghdad (news) .. I suggest a banking expert Mohsen on the development of the banking sector through the introduction of electronic systems in modern done to give confidence to foreign investors to invest in Iraq. 
Ali (of the Agency news) said on Sunday: Providing banking sector, modern technology has become an urgent need at present to boost investment in the country forward, the fact that the investor today needs a banking system newly away his money on potential risks, pointing out that the banking sector plays a key role in attracting investors to the country. He pointed out: that the Iraqi banking sector is underdeveloped at present and dominated by bureaucratic red tape because of its distance from development taking place in the world and is unable to interact with international banks, calling on the federal government to seek to improve the sector by resorting to the use of modern technology in the management of banks, in addition to open regular training courses for staff working in Read more…

Hassani, MP warns of spread of forged currency, class (10) thousand dinars in the market again

On: Sun 27/05/2012 10:32

Baghdad (news) .. Warned the MP / National Alliance / Abdul Hadi al-Hassani, the spread of currency forged Iraqi category (10) thousand Iraqi dinars in the local market again because it will affect the value of the Iraqi dinar and the economic situation in the country, calling for a plan to withdraw and take strict measures against dealers it. 
said Hassani (of the Agency news) said on Sunday: The increase in the spread of counterfeit currency in the domestic market for the particular category (10) thousand Iraqi dinars will lead to a lack of confidence of citizens in financial trading in local currencies, which will increase the money supply on the market and also cause damage to the value of the Iraqi dinar against the hard currency and the national economy in general. He added, Read more…

Central seeks to stabilize the exchange rate to 1189 Iraqi dinars to the dollar

Central seeks to stabilize the exchange rate to 1189 Iraqi dinars to the dollar

26-05-2012 10:00 AM

Said the Iraqi Central Bank said on Saturday that the goal of monetary policy is to maintain and keep the Iraqi dinar exchange rate against the dollar by 1189, indicating the stability of the exchange rate in local markets after the expansion of outlets selling the dollar. 
and approved the Central Bank of Iraq this month, the existence of an imbalance in the Iraqi dinar exchange rate and confirmed his quest to unify the exchange rate between him and the local markets and denied at the same time any deterioration of the value of Iraqi dinar. The central bank was accused last week of four states with ‘conspiracy’ to hit the financial economy of Iraq to Read more…

The central bank can make the dollar equivalent to 1000 Iraqi dinars to the requirement to change its current policy

On: Saturday 26/05/2012 18:50

Paradise economic parliamentary 
Baghdad – the citizen , member of the Committee on the economy and investment MP / block Iraqi white / Aziz Mayahi, the ability of the central bank to make one dollar is equal to (1000) Iraqi dinars, the requirement to change its monetary policy current, and described as «false» and you need to re-examine the . 
said Mayahi the news on Saturday »The Central Bank is able to reduce the value of the U.S. dollar against the Iraqi dinar and make the exchange rate is equivalent to (1000) Iraqi dinars, because of the financial reserve a large estimated at more than (62) billion dollars.» He added: »that the current monetary policy followed by the Central Bank «wrong» and need to be reconsidered, because the continuation of work out will harm the public money, especially in the recent period when it rose the value of the dollar significantly against the Iraqi dinar because of Read more…

Member of the economy: the central bank can make the dollar equivalent of (1000) JD requirement to change its current policy

On: Saturday 26/05/2012 10:34

Baghdad (news) .. According to a member of the Committee of Economy and Investment MP / block Iraqi white / Aziz Mayahi, the ability of the central bank to make one dollar is equal to (1000) Iraqi dinars, the requirement to change its monetary policy current, and described as “wrong” and need to re-examine them. 
said Mayahi (of the Agency news news) on Saturday: The central bank was able to reduce the value of the U.S. dollar against the Iraqi dinar and make the exchange rate is equivalent to (1000) Iraqi dinars, because of the financial reserve a large estimated at more than (62) billion dollars. He added that the Read more…