CBI INFO & IRAQI DINAR NEWS

Sunday .. central bank governor and his deputy in the parliament to discuss the sale of the dollar and government intervention

05/05/2012

BAGHDAD / JD / .. Parliamentary Finance Committee hosts a number of central bank officials on Sunday to confirm the validity of Murabaha, which worked on the bank by the high price of the dollar against the dinar and demonstrate the government’s demand that the policy be used according to directions. A member of the Committee and MP for the Kurdistan Alliance Najiba Najib’s / JD / “The parliamentary Finance has decided to host the Governor of Central Bank” Shabibi “and his deputy,” the Read more…

Member of Finance Committee: Iraqi dinar is being subjected to an international war in order to weaken

On: Saturday 05/05/2012 9:49

Baghdad (news) .. Warned a member of the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri the exposure of the Iraqi dinar for international war to weaken it, pointing to the importance of a plan by the Central Bank to combat speculators on the dollar and reduce its value. 
Yasiri said (of the Agency news) on Saturday: must be placed scientific plan minutes by the central bank to lower the exchange rate of the dinar against the dollar, by not selling hard currency few days in a Read more…

President of the Bank: private banks are still unable to perform his duties and the need to support government

On: Friday 05/04/2012 13:04

Baghdad (news) .. The Chairman of The Board of Directors Bank economy Hossam Obaid Ali, that the work of private banks is limited limited to the issuance of letters and deposits, and unable to perform their duties in the banking and contribute to the financing of investment projects of the country. 
Ali said (to the Agency news) Friday: The investment process in the country need to be a lot of money and private banks their capital a few are not commensurate with the size of investments within the country, noting if the cost per project of (250) billion dinars, some private banks did not reach its capital to (100) billion dinars. He explained: that Read more…

Iraq is continuing the investigation into the disappearance of funds during the CPA

04/05/2012 11:41

Baghdad, May 4 / May (Rn) – The Commission investigative Iraqi joint for continued verification of funds spent during the civil administrator Paul Bremer and the successive governments without the existence of the exchange are shown they are looking for money exchange without the consent of the House of Representatives during the past years. Iraqi authorities say the money dismissed from “the Development Fund for Iraq,” the U.S. government authorized to act yet with 2003 and believed to be Read more…

Editorial: Cancel zeros – Entrance to save currency

Inflation is the most dangerous enemy of well-being and disease can strike national economies. In addition to that pension exacerbate the suffering of the broad sectors of the population, and changes the shape of class structure and social effects of the disposal and recovery will not be easy, especially if the symptoms became more serious inflation.   Economists is that inflation is dangerous if it exceeds the favorites, or if it becomes ten percent or above. History records the contemporary economic models for countries inflation rates exceeded these levels reached dangerous limits to become the local currency carrying Read more…

CBI and Parliament Finance Committee meeting rescheduled to Sunday

CBI and Parliament Finance Committee meeting rescheduled to Sunday

05/02/2012   BAGHDAD / JD / .. A member of the Finance Committee and the parliamentary deputy from the Kurdistan Alliance Najeeba answer to postpone the meeting with the Central Bank to next Sunday for the non-existence of the Governor of the Bank.   Said Najib’s / JD / “The meeting, which was scheduled for last week was postponed to / from the second of May / also for next Sunday.” Najib said, “The Finance Committee decided to host the Bank’s representatives to talk with them in detail about the fluctuation in the rate of the dollar against the Iraqi dinar.” Read more…

CBI: Iraq victim trapped by Iran, Syria, Turkey, and United Arab Emirates bankruptcy

05/02/2012

BAGHDAD / JD / .. see the Central Bank of Iraq has been the victim surrounded by Iran and Syria and the bankruptcy of Turkey and the UAE.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh / a JD /: that Iraq is in its financial crisis last victim trapped Iran, Syria, and the bankruptcy of Turkey and the UAE, adding that the transfer system C, which imported under which Iraq on credit pay a lot of traders to drain huge Read more…

With the decline in value of the dinar amid disagreements between the central bank and the government .. Iraqis trust the dollar .. And preferences on the local currency

Most Iraqis would prefer to deal in dollars rather than local currency reflecting the lack of confidence in national currency by the citizens. Experts blame this phenomenon to the large fluctuations in the value of the dinar since the nineties, which was born out of fear and concern among many of the loss.   Prevailed since 2003, in the U.S. war on Iraq, the phenomenon of handling large-dollar, state-level and the individual alike., Says the banking Zaki Hamza district of Kadhimiya that is easy on the conduct of foreign currency in any place you want, whether in shops or custom, even when street vendors and owners of “stalls” on the sidewalks.   Indicates Hamza in this regard to the enormous proliferation of shops banking in Baghdad and other cities after it was limited in number in the nineties of the last century. But what is worrying, according to Hamza that most Iraqis prefer to deal in dollars instead of the dinar, and the desire to acquisition a very large, reflecting lack of confidence national currency by the citizens.   due activist in finance and banking Ahmed Al-Wakil common to the high volatility in the value of the dinar since the nineties Read more…

Dinar exchange rate issue at the table of prime minister; Ministers and CBI discuss why fluctuations in IQD

According to a statement of the Office of Shaways received Alstqama electronic copy of it: that of the advisers in the Prime Minister made a presentation to the causes of fluctuation in the rate of exchange of the dinar against foreign currencies and the merits of the issue, with the central bank governor explained away, and after officials on the subject of extensive debates.

The statement pointed to: that the Committee will hold a second meeting to get to the recommendations that would assist in the stability of the dinar. Read more…

Waeli audit reveals $ 61 billion of Iraqi money lost in the era of U.S. occupation

Wednesday 2 May 2012

MP for the State of Law coalition Engineer Shirwan Waeli new details about the Iraqi money lost in the era of the civil governor American Paul Bremer, stating Waeli that the amounts that are checking in destiny $ 61 billion and 60 personal U.S. is being investigated on the subject. He Waeli, a member of the Parliamentary Integrity Committee in a statement received news agency public opinion a copy of it within the fact-finding committee to audit the fund for development can (DFI) lost met the Inspector-General George Stuart Bowen at the headquarters of Dr. Ahmad Chalabi to discuss the fate of the money lost. Read more…

(Amended 7:00 pm)Central Bank of Iraq’s new currency … soon to market

I just received this…..This is the response I received and I thought I would share it.
I have seen this note a few days ago, I had sent a email to EBRIL to the bank there they had informed me that this is old dinar that was used in the 80s this is not the new dinar that is going to be reprinted.
I have also found out that there will be a vote in parliament in July to see if Iraq will issue a new currency there is a good chance the vote will not pass to issue new currency that is what 4 different owners of banks in Iraq have found out.

We did not intend to mislead anyone,  I simply posted the article as displayed on the website URL that was provided.

MP from Kurdistan Alliance bloc Mahma Khalil, for contracting the Iraqi Central Bank with (4) known international companies for the printing of new currency for the printing of the new national currency after you delete the zeros of which, describing the project to delete the three zeroes from the currency as “successful” and the time is ideal for replacing them. Khalil (of the Agency news) on Sunday: Read more…

Abandon the CBI currency for sale; Do you resolve the problem of the high dollar?

At the time saw it as a number of specialists to the delivery of the auction will result in a government bank to increase the value of the dinar against the U.S. dollar level can not be controlled, others stressed that the conversion of the task of selling the hard currency from the central bank to state bank may not resolve the problem once and for all, Read more…

CBI Bank auction smashes the previous figures to sell half a billion dollars in one day

05/02/2012

BAGHDAD / JD smashed the Iraqi Central Bank auction on Wednesday, all indexes of the previous and the dollar amounts sold, where he now sells more than half a billion dollars at prices less than market prices by 10 points.

He said the central bank in a statement obtained (JD) a copy of which was the opening of bids for the sale and purchase of dollar daily sixth and Twenty-two thousand for buying and selling foreign currency at the Central Bank of Iraq day Wednesday, 5/2/2012 and the results were as follows:

– the number of banks contribute to the auction 15 , and the basic price, which landed him selling dinars / USD 1166, and the basic price, Read more…

Opening of the first Islamic bank authorized by the CBI

Elaph Islamic Bank opened a new branch in the city of Nasiriyah, to be the first Islamic bank approved by the Central Bank of Iraq, which offers its services to the children of the province of Dhi Qar.

The technical aide to the President of the Board of Dhi Qar, Al-Hussein Abdul-Hadi favorite Nasiriyah News Network, that the bank is one of the most important banks in the whole of Iraq, where many are active in the fields of trade and economic development. Read more…

Alabtan: The Central Bank is facing a fierce attack

30/04/2012

Concerns the transfer of an auction sale of currency outside the central bank

30/04/2012 10:55

Dinar exchange rate at the table of prime minister

05/01/2012

Member of Finance Committee: You should invest the money in frozen Iraqi international banks for projects that serve the country

On: Tuesday 5/1/2012 8:00

Baghdad (news) .. The member of the Finance Committee MP / National Alliance / Faleh applicable, to the need to invest the money of Iraq in the international banks for investment projects to serve the country. 
The effect (of the Agency news): The Iraqi funds “frozen” in the global banks too big and we have to invest in investment projects varied both within the country or outside it, as projects housing or industry or services, by the Ministry of Finance and Central Bank in order to diversify fiscal revenue of the country. this and return Read more…

Central: Rooms of a regional crisis caused the dinar

30-04-2012 10:00 AM

Detection of the Central Bank of Iraq, that the cause of decline of the Iraqi dinar against the dollar due to the «crisis were deliberately into Iraq, run by Chambers of regional processes aimed at the withdrawal of monetary growth achieved by following the mechanism of double pumping the goods to the inside». saw the Iraqi dinar decline noticeable in value against the foreign currencies, particularly the dollar, as it exceeded the decline 10 points after the price of the dinar exchange 1118 dinars to the dollar is currently worth 1228 dinars. figures indicated the central bank, to «overcome the value of Read more…

Change in central bank

Posted 29/04/2012 10:28 PM

Adnan Hussein *
it is clear that the government is making every effort possible to append to the Central Bank and control it in some way, like independent bodies Qdmtha government one after the other.And then repeated allusions statements made ​​by government officials and aides to the prime minister exposes the desire to spread the umbrella of the government on the bank.

Some of these officials and assistants and advisers deny any intention to acquire the bank and repeat the denial, but the signs of greed in the government and the bank is growing bigger.The Bank is accused by the Read more…