CBI INFO & IRAQI DINAR NEWS

Ministerial committee charged with studying the causes of fluctuation of the exchange rate of Iraqi dinar holds its first meeting

Monday, April 30 / April 2012 15:56

Ministerial Committee charged with studying the causes of fluctuation of the exchange rate of Iraqi dinar yesterday its first meeting chaired by Deputy Prime Minister Ruz Nuri Shaways. “

A statement by the Office of the Deputy Prime Minister, the Agency has received all of Iraq [where] a copy of it today that Shaways presided over the meeting of the ministerial committee charged with studying the fluctuation of the exchange rate of the Read more…

Talabani is trying to clear the air meeting between Maliki and Barzani and Allawi

30/04/2012 0:00

Parliamentary committee: Call CBI officials and the Ministry of Finance to discuss the fluctuation rate of the dinar

Due to the Finance Committee calls for parliamentary officials at the Central Bank and Ministry of Finance to discuss the fluctuation of currency exchange rate against the dollar.

A member of the Finance Committee Secretary Hadi “The committee held last week on the deliberations of the dinar exchange rate and measures the central bank and finance ministry said, adding that” the Committee requested data on new procedures in place. ” Read more…

The banking system need to pause to address the fundamental legal lapses

30/04/2012 0:00

Iraq: the cost of stabilizing the value of the dinar $ 200 billion since 2004

Posted 29/04/2012 02:18 AM

Exceeded the cost incurred by the Central Bank of Iraq since 2004 to stabilize the exchange rate of the dinar against major currencies $ 200 billion, according to Iraqi officials, alerted to the possibility of growth of the number in the coming months due to pressure against the dinar of UN sanctions and Western Syria and Iran, which assesses Iraq with them relations economic and strong.

Central Bank of the dollar raises quantities for sale at prices discounted

29/04/2012

Baghdad: JD initiated the Central Bank in the first auction this week has put the dollar amounts at prices lower than the black market, a difference of ten percentage points. It was the opening of bids for the sale and purchase of dollar daily fourth and Twenty-two thousand for buying and selling foreign currency at the Central Bank of Iraq for Sunday day on 29/4/2012 The number of banks contribute to the auction 15, and the basic price, which landed him selling dinars / USD 1166 and while the total amount sold by the Bank at the price advertised (132,296,000), there were no offers of sale by the shareholders at the Central Bank. The total amounted to Buy Offers (USD) (132,296,000), while the total Products (dollars). The Alpmk central in the statement which was obtained (JD, a copy of the price of the sale of remittances (1179) JD / dollar, including the Read more…

Tamimi: UAE withdrew its $ 500 million in Iraq in return for simple goods

29/04/2012

BAGHDAD / JD / .. confirmed member of the parliamentary finance committee for the withdrawal of Magda Al-Tamimi Arab Emirates, approximately $ 500 million from the Iraqi market in one month. Said Tamimi’s / JD / “The UAE withdrew a large amount of hard currency from the Iraqi market through trade.” She added that “Iraq’s economy is facing a conspiracy of neighboring countries, Syria, Turkey, Iran and the UAE”, considering what is happening with the plot serious as it is on the rise and receive shadow negative on the high price of the dollar in the Iraqi market. “Said Tamimi,” Read more…

Committee: We will achieve attempting to steal from the stock of the States if it does not convince us of the Central Bank’s work

29/04/2012

BAGHDAD / JD / .. alluded to the Finance Committee by its direct interference in the parliamentary procedures of the Central Bank in case you do not work on convincing the dollar and the fluctuation of the investigation in an attempt theft of seven stocks Trallonat State. A member of the Committee Haitham Jubouri’s / JD / “The committee, which formed Baazavita with Alnaúptin Majida al-Tamimi and Najiba Najib to follow the work of the Central Bank of waiting Results on us by the executive committees,” adding that “next Wednesday will be the Committee’s meeting with Read more…

Central bank’s reserves of foreign currency increased from 52 to more than $ 63 billion

On: Sun 29/04/2012 18:48

Stabilizing the value of the dinar cost $ 200 billion since 2004, 
the citizen – the follow-up 
exceeded the cost incurred by the Central Bank of Iraq since 2004 to stabilize the exchange rate of the dinar against major currencies $ 200 billion, according to Iraqi officials, alerted to the possibility of growth of the number in the coming months because of pressure against dinar of UN sanctions on Syria and western Iran. The central bank said that the central bank reserves of foreign currency rose recently from $ 52 billion to more than $ 63 billion. 
The Adviser to the Prime Minister for Legal Affairs Fadel Muhammad, the Read more…

Parliament confirms the deletion of zeros move

On: Sun 29/04/2012 7:33

 Baghdad / range 
confirmed the parliamentary decision of the Economic Commission Mahma Khalil move structuring the Iraqi currency and delete zeros from them. 
and was scheduled to begin the process of removing zeros from the currency in the month of September next step to raise the price of Iraqi dinar against other currencies. Khalil said, according to (Euphrates News) said the draft structure of the currency and delete zeros of which will have significant economic benefits and will Read more…

Head of the Bank of the economy: you must modify the decision of the Ministry of Finance to deal with the prevention of private banks

On: Sun 29/04/2012 8:21

Baghdad (news) .. The President of the Board of Directors of Bank of the economy Husam Obeid, the importance of the amendment to the former Finance Minister Bayan, which prevent the deal the state departments with private banks, calling it the decision “wrong” being the size of the role of private banks in the performance of its duties banking. 
Obaid said (of the Agency news) : it has become necessary to amend the resolution issued by former Finance Minister Baqir Jabr by both houses of parliament, ministers and even the Ministry of the current fiscal, which Read more…

Abandon the sale of currencies .. Central bank’s move in response to the surprise of his critics

On: Sun 29/04/2012 12:09

Baghdad (news) / report / Faleh Hussein / .. After a scathing criticism of the Central Bank against the backdrop of high exchange rate of U.S. dollar against the dinar, began the central thinking to withdraw his hand from the sale of hard currency in the auction for the benefit of a government banks. 
plans to the Central Bank of the transfer of an auction sale of hard currency to the commercial bank government, the fact that the auction does not fall within the competence, which raised the ire of a number of parliamentarians and financial experts, because the government banks are not Read more…

Economic Commission confirms the parliamentary move structuring currency and delete zeros of

Saturday, April 28 / April 2012 12:31

Baghdad {: News} Euphrates confirmed the parliamentary decision of the Economic Commission Mahma Khalil move structuring the Iraqi currency and delete zeros from them.

And was scheduled to begin the process of removing zeros from the currency in the month of September next step to raise the price of Iraqi dinar against other currencies.

Khalil told the News} {Euphrates that “the proposed restructuring of the currency and delete zeros of which will have significant economic benefits and will reflect positively on Read more…

Finance Committee: “trade” with the UAE contributes to the withdrawal of foreign currency

Saturday, April 28, 2012 12:50

BAGHDAD / Baghdadiya News / .. Finance Committee revealed that the trade with the United Arab Emirates shares withdrawing the dollar, in addition to the growing demand by Syria and Iran. Said committee member Magda Tamimi / of Baghdadi News /: There are neighboring countries pull the dollar out of Iraq caused an increase in demand and high price, noting that there are funds out of Iraq to the United Arab Emirates to address the economic crisis experienced by the pretext of trade, as well as economic difficulties going through Iran and Syria. Read more…

Parliament has not intention of canceling (delete)the zeros project as it is only postponed; Project has significant economic benefits

Parliament has not intention of canceling the zeros project as it is only postponed; Project has significant economic benefits

Economic Commission confirms the parliamentary move structuring currency and delete zeros of   04.28.2012

BAGHDAD – The Euphrates News confirmed the decision of the Economic Commission parliamentary Mahma Khalil further structuring of the Iraqi currency and delete zeros from them. and was scheduled to begin the process of removing zeros from the currency in the month of September next step to raise the price of Iraqi dinar against other currencies.   said Khalil told {Euphrates News} that “Project structuring currency and delete zeros of which will have significant economic benefits and will reflect positively on the economic reality of the citizen.”   and added that “there is determination and insistence on the implementation of the project as it will Read more…

Promises Of Improved Exchange Of The Dinar Against The Dollar

Baghdad: network Akhbaralarac – expect a decision of the Economic Commission in Parliament MP Mahma Khalilzad, the restoration of the Iraqi dinar and normal in the coming period, after the necessary measures taken by the monetary policy to fetch up to (1166) dinars to the dollar. Khelil said that “monetary policy of Iraq and of Central Bank has taken necessary measures

For the return of Iraqi dinar to normal and stabilize at a certain price to the U.S. dollar Read more…

Central warning: there is a conspiracy to undermine the regional financial operation in Iraq

28/04/2012 0:00

He seeks to develop the work of auctions currency 
Baghdad – Haider Filaih Rubaie 
warned the Iraqi Central Bank of the conspiracy regional said it is targeting the infrastructure of the national economy, pointing out that the plot works to drain cash reserves of the Bank through the broadcast rumors could adversely affect the price of exchange and is working to reduce the value of the dinar against the dollar, saying that Read more…

Only 5 percent of foreign remittances are legally

28/04/2012 0:00

Keywords detect the smuggling of about 180 billion dollars during the past years, 
Baghdad, Tariq al-Araji, 
detection of the Secretary-General of the Council of Ministers on the Keywords, revealed that the amounts smuggled out of Iraq over the past years is estimated at $ 180 billion, pointing out that less than only 5 percent of remittances are by legal means. 
and he said: “morning”: that “when the government urges the Central Bank to intensify its control over the movement of funds, it is not an interference job bank, but was meant to preserve the public money.” 
He explained that a report previously issued by Read more…

Financial demands of parliamentary government to expedite the establishment of Islamic Bank

28/04/2012 13:49

Baghdad, April 28 (Rn) – The Finance Committee representative, on Saturday, the Iraqi government to initiate the establishment of an Islamic bank government to support the development project of government banks. revealed the Iraqi government on July 2 last they decided to establish an Islamic bank a government supervised by the Central Bank of Iraq is linked administratively Ministry of Finance. said committee member Najiba Najib told the Kurdish news agency (Rn) that “the Finance Committee in the House of Representatives supports the approach the Read more…

Finance Committee suggest the ability of Trade Bank of Iraq take currency auction

04/26/2012

BAGHDAD / JD / .. revealed the parliamentary finance committee a new step the central bank to implement an auction sale is handed over to a hard currency Iraqi banks, weighted assume Trade Bank of Iraq this auction. A member of the Finance Committee, the Parliamentary Secretary Hadi Abbas’s / JD / “The Central Bank of Iraq plan to give banks a good Iraqis and the Iraqi Trade the responsibility of selling the dollar auction.” Abbas said, “The central bank wants to get rid of Read more…