CBI INFO & IRAQI DINAR NEWS

CBI confirms that inflation indicators is troubling

The Central Bank of Iraq’s annual inflation rate that the base is still worrying, declaring that it rose to 6.7% for the month of April.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told a news briefing, said that “the foundation’s annual inflation rose in the month of April, to 6.7% compared with the annual inflation basis for the month of March, who scored 6.2%, up by 1.0%.” Read more…

World Bank puts his plan to run Iraq’s economic affairs for the next 4 years

22/05/2012

Baghdad: JD said the World Bank prepared a plan for the next four years with regard to economic affairs of Iraq, and will identify areas of cooperation according to the priorities of the Iraqi government.

This came during a meeting with Deputy Prime Minister Dr. Nouri Shaways Roژ in Baghdad today / Tuesday, Mr. Hadi Arab Regional Director of the World Bank and the delegation accompanying him. Read more…

Dinar Woes: Iraqi Currency Traders Break Sanctions

In Iraq, where barely anyone has a bank account, the trade in foreign currencies is largely unlicensed. Now money traders are smuggling US dollars to sanctioned Syria and Iran. And the Iraqi govt may well be using the situation for its own political ends too, according to this report from NIQASH.

The Iraqi dinar is at risk. That is the pronouncement made by Khadir Sadoun, who sits on the sidewalk in the upmarket Arasat neighbourhood in central Baghdad. But Sadoun didnt study business or economics, he probably doesnt even know about the sanctions on Iran and Syria that are causing the risks he is talking about. In fact, it is the market place has taught him all he knows. Read more…

The central bank sold dollars to the citizens for the purpose of reducing its price

05/21/2012   05:18 pm

BAGHDAD / electronic integrity

Central Bank of Iraq on Monday for the conduct of the Rafidain and Rasheed to sell the dollar for the citizens at 1189 Iraqi dinars.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh said in a statement it had received “e-righteousness” that this step aims to benefit citizens directly from the exchange away from the monopoly exercised by the other. Read more…

Central Bank denies the existence of money laundering

On: Wednesday 23/5/2012 6:10

 Baghdad / range 
denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, a money laundering and that dealing with banks is according to the law, pointing out that the sale of more than three billion dollars in the month of April last is normal. 
said in favor of “Twilight News” The rate of sales If the month of April were more than three billion dollars, it may take a moderate level of rates compared to last year, adding that the situation this year is different from the past in relation to the terms and conditions set by the Central Bank of Iraqi traders to buy foreign currency. “

Saleh added that the sale of more than three billion dollars in the envelope of Read more…

Central Bank Governer: Iraq must pay more attention to non-oil sector

Sinan al-Shabibi calls for red tape to be cut to promote private businesses, says officials should concentrate efforts on boosting non-energy-related industries.

‘The government is expanding, too much’

Iraq needs to reform to lessen its economic dependence on the government, and must pay more attention to its tiny non-oil sector, the head of the country’s central bank urged in an interview on Monday. Read more…

World Bank puts his plan to run Iraq’s economic affairs for the next 4 years

22/05/2012

Baghdad: JD said the World Bank prepared a plan for the next four years with regard to economic affairs of Iraq, and will identify areas of cooperation according to the priorities of the Iraqi government. This came during a meeting with Deputy Prime Minister Dr. Nouri Shaways Roژ in Baghdad today / Tuesday, Mr. Hadi Arab Regional Director of the World Bank and the delegation accompanying him. During the meeting, addressed to the areas of joint cooperation between the ministries and Iraqi governmental institutions and Read more…

Central Bank announces increase the base annual inflation in April to 6.7%

Tuesday 22 May 2012

Sumerian News / Baghdad Central Bank of Iraq, Tuesday, about rising inflation annual basis for the month of April, to 6.7 per cent, as pointed out that the housing sector and fluctuations in the exchange rate has an impact on raising the rate of inflation, he stressed that this increase is still “not worrying . ” said Deputy Governor of the Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, “annual inflation basis rose in the month of April, to 6.7% compared with the annual inflation basis for the month of March, who scored 6.2%, up by 1.0%.”Saleh added “There are two important factors impact on raising inflation in Iraq are the housing sector due to rising rents housing and electricity, in addition to the fluctuations that occurred in the exchange rate of the Iraqi dinar in recent times.” Saleh pointed out that Read more…

Iraq Stock Exchange: Delete the zeros of the local currency will affect the level of stock trading

BAGHDAD / center news for the Iraqi Media Network – Authority confirmed Iraq Stock Exchange that the deletion of zeros from the local currency hurt at the current stage the level of stock trading in the Iraqi market for securities.

said Executive Director of the Iraq Stock Exchange Abdul Razzaq al-Saadi’s (Center news for the Iraqi Media Network) “The deletion of zeros from the local currency Read more…

Mechanism for the inclusion of all the provinces of the Central Bank auction

05/22/2012 0:00

Financial Expert: consistently low expectations of the Iraqi dinar against the dollar in the coming days

Financial Expert: consistently low expectations of the Iraqi dinar against the dollar in the coming days

On: Tuesday 22/05/2012 11:42

Baghdad (news) .. attributed the financial expert, Hussein Allawi, the star, the low exchange rate of the dollar against Iraqi dinar between (1222-1223) of the policy that I follow the central bank offer (your customer), and the role of the Iraqi media, and expected continued decline in the dollar against the Iraqi dinar. 
said the star (of the Agency news) on Tuesday: The low exchange rate of the dollar against the Iraqi dinar is up to the policy that I follow the central bank introduced (your customer) and the instructions issued by the Bank in determining the roles of the companies participating in the auction. pointed Read more…

Sudden rise in the price of the Iraqi dinar against the dollar leads to confusion in the currency exchange traders

Sunday, May 20 / May 2012 17:00

Baghdad {: News} Euphrates has seen a remarkable rise of the Iraqi dinar against the dollar after its value decreased lasted for several months.

He returned Iraqi dinar exchange rate to the normal rates of $ 123 thousand dinars for the paper category hundred dollars, a little like what it was before 3 months.

The exchange rate of the dinar against the dollar has declined significantly, reaching to 130 thousand dinars for the paper category percent dollars. Read more…

Central Bank of Iraq authorizes the Rafidain and Rasheed to sell the dollar

Monday, May 21, 2012 12:59

BAGHDAD / Baghdadiya News / .. After studies lasted for more than a year the Central Bank decided to give up part of his duties relating to the sale of foreign currencies

Auction currency in Central Bank of Iraq

On: Sun 20/05/2012 6:07

 Mahdi Rahim 
increased rumors and talk about fluctuating policies of the Iraqi Central Bank in recent times and particularly with regard to the work (Commission auction currency) The keenness of the Bank and the governor for the safety of this committee during certain procedures such as changing the composition of the Committee and the dimensions of his staff on the activity and the competence of this committee because of what was attributed them of improper procedures.

The bank is by trying to remove suspicions about the activity of the Commission complained of refuge to issue instructions is studied in adequate and comprehensive, which led to modify the instructions of sequential suffix and not integrated as well, which causes the instability of the Read more…

Experts (range): the decision of the central bank to raise capital, the banks behind the decline of the stock market

On: Sun 20/05/2012 6:14

 Baghdad / Qais sticks 
The head of the Securities Commission Abdul Razzaq al-Saadi reasons Enkhavd general index of the Iraq market for securities by nature too. 
 said Saadi (range): The reasons for this decline is the result of investors awaited all budget companies and outcome of the election of those companies where it recommends the investor the importance of choosing investment locations Through the control of those companies and study its present and future, stressing that this case healthy and very normal, indicating that this case stand out annually since 1992 and so far, and get decline usually at the end of each year. said Saadi: The second reason is the fluctuation of the value of Iraqi dinar against the dollar, making the Some owners of the funds traded in the money in Read more…

Rapporteur of the Finance Committee: the phenomenon of smuggling foreign currency due to ongoing border control

On: Sun 20/05/2012 13:57

Baghdad (news) .. Affirmed the decision of the Finance Committee MP / coalition in Iraq / edited by electrodes persistence of smuggling hard currency to neighboring countries because of government’s inability to complete control of the border. 
said electrodes (of the Agency news) said on Sunday: The regional changes and the difficult circumstances being experienced by some of the surrounding countries Iraq Kdavlata Iran and Syria have made ​​them turn to smuggle hard currency from Iraq to the depletion of their interests and to save their economies and their currencies from degradation. He added that Read more…

Vice Chairman of Finance Committee: Mainstreaming system (electronic clearing) in all banks will develop the banking system

Date: Monday 21/05/2012 10:27

Baghdad (news) .. Called on Vice-President of the Finance Committee MP / Kurdish coalition blocs / Ahmed Hassan Faizullah, to the introduction of modern technologies in the work of Iraqi banks to facilitate its functions to serve the citizens of Iraq, indicating that the circulating clearing system electronic all banks will develop the banks. 
said Faizullah (for the Agency news ) said on Monday: The Clearing System Electronic is one of the modern technologies in the work of banks, and entered the banking sector of Iraq means that he has started moving towards the technological development of the modern world. He added that Iraqi banks Read more…

The continued state of emergency in Iraq to ensure the protection of his government money

05/20/2012
BAGHDAD / JD / .. He said the legal expert Tareq war did well U.S. President Obama issued Executive Order (Decree), containing the continuation of a state of emergency and the desire to help Iraq. The war’s / JD / “These reasons give him the power to issue decrees that would stop the book or confiscated Iraqi funds or lawsuits or claims before the courts or administrative authorities of America.” He was appointed a war for the decree issued by Obama is only one year where it has ended the previous decree, issued in the month of May / 2012. “We have Read more…

Low exchange rate of the dinar against the dollar .. The market is witnessing a surge in turnout

05/20/2012 3:01
Deputy: five conditions capable of reviving the economy most notably a correct vision
of Baghdad – Haider Filaih spring 
saw the dollar on Saturday, an unexpected drop was accompanied by clear decline in the prices of materials and goods in local markets, and attributed the specialists in the economic reasons for the drop to a kind of balance in supply and demand between the dollar and the Iraqi dinar as the two goods can be purchased and traded with them, but economists said the rising rates of dollar sales in the auction currency held by the central bank was behind the low exchange rate of foreign currency (dollar) against the Iraqi dinar, where the dollar fell to $ 123 thousand dinars for every 100 dollars, after rising in recent weeks to reach about 130 thousand Iraqi dinars…. Read more…

Delete the zeros of the Iraqi currency printed the beginning of 2013 and the new currency in early June

Babylonian News / Baghdad

الثلاثاء 15/5/2012 3:47 PM

Iraqi parliamentary sources said that printing new Iraqi currency will start early next month of June will be replaced with the currency and delete zeros of which will be the beginning of next year 2013.

The parliamentary Finance Committee on Tuesday that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September.
A member of the Finance Committee Haitham Jubouri that “the month of Read more…