CBI INFO & IRAQI DINAR NEWS

Interview with CBI’s Shabibi: Dropping zeros; Iraq’s reserves $60 billion

Detection of the Iraqi Central Bank Governor Dr Sinan Shabibi, in a dialogue with the «weekly» that the restructuring of the national currency, starting with the deletion of zeros from the dinar, a very important step, because they relate to the direct purchasing power and inflation. The Shabibi that the central bank independent, which is directly responsible for monetary policy, exchange rates and foreign reserves management and the organization of the banking sector. The details of the interview:

Question: Iraqi Council of Ministers decision, addressed to the Iraqi Central Bank monetary policy Read more…

Almrobei: the high value of the dollar just a bubble

04/23/2012   BAGHDAD / JD / member count .. Economic Committee in the House of Representatives MP Hussein Almrobei the rise of the dollar as a bubble. He said Almrobei / a JD / that the high value of the dollar bubble just do not have any scientific basis, because the Iraqi dinar self-supporting through the sale of oil which is made in hard currency. Read more…

Parliamentary Integrity Committee to meet with Deputy Governor of CBI to study the exchange rate crisis

Met with the President and members of the Parliamentary Integrity Committee on Sunday with Vice Governor of Central Bank of Iraq appearance of Dr. Mohammed Saleh to discuss the problematic of the Iraqi dinar exchange rates of the foreign currency.

According to a statement issued by the Bank received the “Gate of Iraq,” a copy of it, that the President and members of the Parliamentary Integrity Committee met with the Deputy Governor of Central Bank of Iraq (Dr. Mazhar Mohammad Saleh) and the Director General of the Anti-money laundering have been talking and trading procedures and mechanisms adopted by the Central Bank of Iraq to improve the operations foreign exchange and improve the Iraqi dinar exchange rate in order to serve the prosperity of the Iraqi economy.

Saw the U.S. dollar exchange rate in the local markets came to a significant increase to 1300 dinars per dollar during the past few days, Read more…

Central maintains the value of the dinar Following a drop in the dollar exchange rate

Source: Al-Sabah

Returned prices of the dollar to witness Asagrara price reached after a rally last week’s, Analysts attributed the cause of the falling exchange rate of foreign currency against the dinar to the measures and actions taken by the Central Bank as well as the procedures and calls for intensive government stressed the need to reduce the prices of the dollar as soon as possible, which it what happened actually when the recorded exchange rates 124 000 dinars per $ 100, at a time when the dollar Read more…

Devaluation of the dollar’s decline sponsor inflation

Source: Al-Sabah – 22/04/2012

Expect a member of the economic and investment commission in Parliament MP Amer winner increased rates of inflation in the country during the coming period in the absence of the ability of monetary policy to devalue the U.S. dollar against the Iraqi dinar. said Fayez: The persistence of high exchange rate of U.S. dollar against the Iraqi dinar without developing appropriate solutions and necessary action by the central bank will lead to economic problems large in the country, including high rates of inflation in the domestic market significantly in Read more…

CBI pledges to raise the value of the dinar again

04/22/2012

Finance Committee: the formation of a committee to study the conservation rate of the dinar

2012-04-22   BAGHDAD / JD / .. A member of the Parliamentary Finance Committee Haitham Jubouri for a meeting attended by the Committee with the Ministry of Finance and Central Bank on Sunday to form a committee is considering steps to maintain the price of the Iraqi dinar. Read more…

Mahma Khalil: the extension of the protection of Iraqi funds for another year, a presidential veto U.S.

On: Sun 04/22/2012 15:00

Baghdad (news) .. A member of the Finance Committee, the parliamentary deputy / Kurdish coalition blocs / Mahma Khalil, Iraq managed to get a presidential veto to protect Iraqi funds in banks in the United States of America. 
Khalil said in a press conference held Sunday afternoon in the House of Representatives attended the reporter (Agency News of the sons): The Central Bank and the Ministry of Finance, in cooperation with the Finance Committee in the House of Representatives were able to get a new extension of the veto to the U.S. presidential, which provides protection and immunity for Iraqi funds deposited in the Fund (dfi) the Development Fund for Iraq’s money for another year. 
Khalil added: Read more…

Central Bank reveals a reservation on the draft Iraqi Finance raise zeros

Twilight News / detect the Iraqi Central Bank, on Saturday, on the reservation and the Ministry of Finance of the implementation of the project to delete the zeros of the Iraqi currency, calling on the executive and legislative bodies and all concerned to cooperate with him to accomplish this. Read more…

Editorial: The implications of low exchange rate of Iraqi dinar (beneficiaries and affected)

Editorial: The implications of low exchange rate of Iraqi dinar (beneficiaries and affected)

On: Saturday 21/04/2012

I saw the Iraqi dinar during the past few weeks, a decline in its value falling exchange rate of (   0.0008333) dollar / dinar in early December 2011 to (0.00077) dollars / JD in early April 2012. In other words, the number of dinars per dollar of (1200) JD / dollar in the free market to the (1300) JD / dollar during the period. The exchange rate that was in the seventies Sunni $ 3.20 / JD any more than the current price of more than four thousand times (almost “). (3.2 ÷ 0.00077 = 4155 times).   Reasons for the decline in the new Iraqi dinar exchange rate: Read more…

Ministry of Finance has custody of the implementation of the lifting of the zeroes of the Iraqi currency; CBI calls for cooperation

Detect the Iraqi Central Bank on Saturday, all reservation and the Ministry of Finance of the implementation of the project to delete the zeros of the Iraqi currency, calling on the executive and legislative bodies and all concerned to cooperate with him to accomplish Read more…

Parliament’s economic committee welcomes the postponement of the deletion of zeros

The head of the Economic Committee in the House of Representatives Ahmed Alwani, a draft decision of the patient as deleting three zeros from the currency issued by the General Secretariat of the Council of Ministers, considering the current time is Read more…

Increase in inflation in the event of the inability of monetary policy on the devaluation of the dollar

Date: Saturday, 21-04-2012
Baghdad (newsletter) … Economy and Investment  Committee member predicted Parliamentary Deputy/National Alliance winning  increased rates of Amer inflation in the country during the coming period in the  event of the inability of monetary policy to devalue the US dollar to Iraqi  dinar. Read more…

IMF Forecasts Accelerating Growth for Iraqi Economy

The International Monetary Fund (IMF), in its latest World Economic Outlook, makes the following forecasts for Iraq:

The report sees strong growth continuing, with a figure of 8.8% projected for 2017.

iraq-businessnews

Trade traders and companies accused of emptying the country of the dollar

Trade traders and companies accused of emptying the country of the dollar

Between Trade Minister Hassan Khairallah the presence of traders and local and foreign companies working to dump the dollar from the local market through forged documents.

Hassan said, according to (Rn) that there are merchants and local and foreign companies has been working to clear the domestic market of the Read more…

Economists stress the inability of the central bank to control the fluctuation of exchange rates of the Iraqi dinar in a market

Date: Thursday, 04/19/2012 23:58

Citizen / special / Sarah al-Obeidi 
said a number of economists from the negative repercussions that could affect, directly on the fluctuation of exchange rates of the local currency of the Iraqi dinar in the country, emphasizing in conversations for (newspaper Citizen) “: that the central bank does not have the ability to control on the value of Iraqi dinar against the dollar, calling them the need to take concrete actions to increase the value of local currency in the country. economist behind Kanani “: called to the need to speed up the control of the prices of the domestic Read more…

Haitham al-Jubouri likely collusion between government officials and others in the Central Bank exchange rate to rise causing the dollar against the dinar

Friday, April 20 / April 2012 14:19

[Baghdad – where]

Most likely a member of the parliamentary finance committee of collusion by some government officials and traders with officials at the Central Bank caused an increase of high exchange rates of the dollar against the Iraqi dinar.

A member of the Committee Haitham Jubouri told all of Iraq [where] the day Friday, “I do not rule out that there is collusion and cooperation between some government officials, traders and businessmen with some weak people, and corrupt at the central bank behind the process of increasing the height of the dinar against the dollar in order to Read more…

Parliamentary Economic Committee: to postpone the project of deleting the three zeros from the currency decision of a professional

On: Friday 04/20/2012 12:10

Baghdad (news) .. The Committee welcomed the economic parliamentary resolution adopted by the General Secretariat of the Council of Ministers to wait a project delete the three zeroes from the Iraqi currency, considerable time it is not perfect, and needs to be enough time to implement it. 
The head of the Economic Commission deputy / coalition in Iraq / Ahmad al-Alwani (of the Agency news) Friday: The decision issued by the Presidency of the Council of Ministers to postpone the project of deleting the three zeroes from the local currency is professionally before they be Read more…

Iraqi trade: traders and companies are working to empty the markets of the country, the U.S. dollar

20/04/2012 10:18

Erbil, April 20 / April (Rn) – The Iraqi Trade Minister, on Friday, that there are merchants and local and foreign companies working to unload the Iraqi market of the U.S. dollar through forged documents. According to Khairallah Hassan, told the Kurdish news agency (Rn), that “there are merchants and local companies and foreign works for some time to unload the Iraqi market of the U.S. dollar through forged documents by those companies that resort to claim the Iraqi Central Bank by providing them with the dollar against the Read more…

Expert reduces the risk of speculative attacks in the withdrawal of foreign currency

18/04/2012
BAGHDAD / JD / .. said researcher and academic, Dr. Hussein star need the central bank to change its policies the central bank needs to change in the tactical strategy of monetary policy. He told / to JD / that the solution lies in changing the curriculum, while maintaining the general strategy of monetary policy in Iraq and review tactics for returning extrapolate mechanisms of corporate governance in banks and then re-induction rates of inflation and the trend towards development and not Read more…