CBI INFO & IRAQI DINAR NEWS

Iraq to cut off dinar zeros by January 2013

Iraqi Parliament Finance Committee revealed, on Tuesday, that cutting zeros off Iraqi dinar and its redenomination will be taking place in January 2013 adding that printing the new currency will start as of September 2012.

World Bank’s mission: the cause of our presence in Iraq is to find out the efficiency of the banking system

19-05-2012 12:31 PM

Economic Commission: front companies for the low Saraf of the Iraqi dinar against the dollar

Saturday, May 19, 2012 15:29

BAGHDAD / Baghdadiya News / .. warned the parliamentary Economic Committee, on Saturday, the continuing decline of the Iraqi dinar exchange rate against the dollar, is likely the cause of the decline to the existence of companies regardless bills are fake.

Parliament: great difficulties facing banks

On: Saturday 19/05/2012 6:40

 Karbala / Amjad Ali 
, member of the Economic Committee in the House of Representatives Hussein Almrobei The Iraqi banks facing great difficulties, pointing to the existence of more than 30 trillion Iraqi dinars without the mechanism of action. 
said Almrobei in a statement summed up by the term during his visit to Karbala The law of banks in need of major repairs

He pointed out that the House of Representatives in connection with a conference brings together Iraqi banks with central bank governor. He added that the decision to postpone the Almrobei deletion of zeros from the currency Read more…

Director of Rafidain Bank: Chapter VII and foreign debt handcuffed the Bank’s work with international counterparts

On: Saturday 19/05/2012 9:45

Baghdad (news) .. The Director of Rafidain Bank Zia Alckheon, that the continued survival of Iraq under Chapter VII and the accumulation of financial debt foreign restricted participation of the bank with global banks, pointing to the existence of post and a single bank with a group of Arab Banks French amount of shareholder (30) million dollars. 
said Alckheon (of the Agency news) said on Saturday: All the posts of Foreign Affairs of the Rafidain Bank is almost over, except to participate only with a group of Arab banks of France in Paris, the contribution of (30) million dollars, pointing to the existence of Read more…

Value of the dinar is declining because of the sanctions on Iran and Syria .. The Iraqis do not trust him

On: Saturday 19/05/2012 7:37

 Baghdad / Mustafa Habib  
 in a corner on a neighborhood sidewalks Arasat upscale central Baghdad Sadoun Khudair sitting behind Basta small buys and sells U.S. dollars. This Serafi not simple considering the economy and its laws, but he asserts that “the Iraqi dinar is in danger.” Adds Saadoun while wrapped package of thick rubber thread, paper currency, “my career flourished a little these days,” adding that “for the first time in years, Iraqis are increasingly accepted to convert their currency to the local dollar.”

According to the experts may not have heard from the young man Saadoun, the Iraqi dinar is exposed for a few months due to the crisis of political reasons, and other related international sanctions imposed on Iraq’s neighbors, Syria and Iran. During the past few weeks the price of the Iraqi dinar exchange in the domestic market against the U.S. dollar from less than 1200 dinars to 1280, and arrived at certain times to 1300, which means that the Iraqi dinar fell by about Read more…

Central banks accused of fraud in the proportion of profits in hard currency

17-05-2012 11:55 AM

Directed at the central bank to sell the dollar in cash to citizens

Directed at the central bank to sell the dollar in cash to citizens
Economic Buratha News
Source confirmed the central bank declined to be named, the existence of a new mechanism into consultation after the sale of dollar exchange to the citizen at auction plus 10 dinars to break the barrier of monopoly by companies registered at the Central Bank
The source indicated that “this procedure Hoa to sell the dollar sold at auction as the Central Bank of 10 dinars plus the World Bank commission and the rise of what is happening because of raising the price of the dollar against Iraqi dinar by companies registered with the bank. Read more…

Parliamentary Finance: Delete and replace the zeros of the Iraqi dinar early 2013

Revealed the Finance Committee of parliament Tuesday, that the deletion of zeros and replacing Iraqi dinar 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 in an interview for “Alsumaria News”, January of next year 2013 will see the deletion of three zeros and the replacement of the Iraqi dinar , he said, adding that as of next September 2012, will be the direct printing of new Iraqi dinar in different categories.

The Jubouri that the process of replacing the old Iraqi dinar will continue to Read more…

Offers to buy the dollar at an auction in the Central Bank of the top five times the volume of sales

BAGHDAD / JD in progress shareholders are authorized to enter the auction sale of the dollar of the Central Bank of Iraq offers to buy more than $ 265 million, but only that the central bank sold $ 55 million only.

She agency (JD), the economic details of the session last auction this week on Thursday, with the opening of bids for the sale and purchase of dollar daily seventh and thirty-two thousand for buying and selling foreign currency at the Central Bank of Iraq, Read more…

Parliamentary rule out application of the deletion of zeros next year

On: Friday 5/18/2012 5:36

 Baghdad / term 
member of the Committee ruled out the economy and investment MP Qusay Juma, the implementation of the project to delete three zeros from the currency at the beginning of next year, stressing that he needs to be approved by the Iraqi authorities through legislation law.

Juma said, according to the Agency (news): The project to delete the three zeroes from the Iraqi dinar currency needs to be enough time to apply and can not be implemented shortly, because it includes the deletion of zeros and change the form of currency, not only with the consent of the legislature and the executive in the country through the enactment of the .  Read more…

Application of deletion of zeros next year needs legislative confirmation, says economic committee member

Baghdad (news) .. Ruled out a member of the Committee of Economy and Investment MP / coalition in Iraq / Qusay Juma, the implementation of the project to delete the three zeroes from the currency at the beginning of next year, stressing that he needs to be approved by the Iraqi authorities through legislation law.

Juma said (of the Agency news) said on Thursday that the project delete the three zeroes from the Iraqi currency requires Read more…

Member of the economy excludes the application of the deletion of zeros next year and confirms the need to legislate a special law

Date: Thursday, 17.05.2012 8:41

Baghdad (news) .. Ruled out a member of the Committee of Economy and Investment MP / coalition in Iraq / Qusay Juma, the implementation of the project to delete the three zeroes from the currency at the beginning of next year, stressing that he needs to be approved by the Iraqi authorities through legislation law. 
Juma said (of the Agency news) said on Thursday that the project delete the three zeroes from the Iraqi dinar currency requires sufficient time to apply and can not be implemented shortly, because it includes the deletion of zeros and change the form of currency, not only with Read more…

CBI accused banks of “fraud” on the percentage of the sale of hard currency earnings

CBI accused banks of “fraud” on the percentage of the sale of hard currency earnings

17/05/2012 09:55

Baghdad, May 17 / May (Rn) – accused the Central Bank of Iraq on Thursday, banks, except for Rasheed Bank to “circumvent” the rate of profit to sell hard currency specified by the Bank, indicating that those banks turned to the buyer and seller final instead of being a mediator between the central bank and the buyer of foreign currency. acknowledged the Iraqi Central Bank last Friday, 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 to “conspiracy “to Read more…

Calls for the adoption of investment plans similar to the experience of the Kurdistan Region

Baghdad / follow-up term , said Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, said that investment in Iraq is weak compared with what has been achieved in the Kurdistan region in the field of reconstruction, services and diverse projects and the added benefit of (Rn) that banking is still facing difficulties, particularly with respect to the investment environment in Iraq Although the banks Read more…

The central bank ruled out the return of the dinar to its natural position due to increased demand for the dollar

The central bank ruled out the return of the dinar to its natural position due to increased demand for the dollar

Ruled out the Central Bank of Iraq return dinar to normal, due to increased demand on the dollar.   Deputy Governor of Bank of the appearance of Mohammed Saleh, said that Read more…

Central Bank calls for the formation of a joint committee to resolve the issue

On: Wednesday 16/5/2012 6:35

 Baghdad / term follow-up 
to the Central Bank called for the formation of a joint coordinating committee of the parliament and the government to resolve the issue of the project to delete the zeros of the Iraqi dinar currency.The deputy governor of Bank of the appearance of Mohammed, according to the agency (JD), the draft projects to delete the zeros is a radical change includes modification of accounting systems for all aspects of the state and is not easy.

Saleh added: The main problem with the delay of the project lies in the fear of many officials of the project, noting that this fear is the result of lack of knowledge about the benefits of the project and its effectiveness in supporting the Iraqi economy. And the favor: there is a problem of timing and the opinion of the Council of Ministers on the patient in the project. at the same time revealed the Finance Committee, the parliamentary that the deletion of zeros and replacing Iraqi dinar Read more…

Delete and replace the zeros of the Iraqi currency early 2013

Main points:

• Various categories of new currency will begin to be printed in September 2012
• New currency will be issued in January 2013
• Iraqi Dinars held currently will be pulled off market completely by mid-2014, approximately 1 year from new currency being issued
• Authorities believe new currency will create stability economically and reduce dollarization (hard currency) Read more…

CBI: Exchange rate should stabilize in about 4 months

CBI: the return of the dollar exchange rate to 120 during the day

The central bank said that the exchange rate of the Iraqi dinar against the dollar will return to normal by about the former “120-121″ in a few days, criticizing the lack of government control over the attack, which targeted the regional Iraqi market.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that “the Bank is dominated by heavily on the problem of the high exchange rate of the Iraqi dinar, which is temporary and caused by the attack on the Iraqi market of some regional countries as a result the surrounding circumstances as well as trade openness-free controls sober.” Read more…

Parliamentary Finance: Delete the zeros and the replacement of the currency early 2013

Wednesday 16 May 2012

Revealed the parliamentary finance committee that the deletion of zeros and replacing Iraqi dinar 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 al-Jubouri in a press statement that “the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency,” adding that “as of next September 2012, will be the direct printing of new currency in different categories.” Read more…