CBI INFO & IRAQI DINAR NEWS

Central Bank: the deletion of zeros does not need legislation to legal

Date: Thursday, 05.04.2012 9:37

 Baghdad / term follow-up 
noted the Deputy Governor of the Central Bank of the appearance of Mohammed that the draft deleted three zeros from the Iraqi currency does not need new legislation but issued a regulation to serve as instructions as stipulated by the Central Bank Law.

Saleh said (of the Agency news) The Central Bank Law gave full authority of the monetary authority to change the structure of the Iraqi currency, or delete zeroes of them, and… Read more…

Experts welcome the consolidation of the currency and the establishment of Arab common market

Date: Thursday, 05.04.2012 9:38

 Baghdad / Ahmed Abed Rabbo, 
a number of experts and professionals in the economic aspect that the proposal that was presented at a meeting of finance ministers Arabs in Baghdad to unify the currency of Arab and create a common market will work to maximize economic efficiency within the cluster that you want integration, explaining that he needs to stages prior undertaken by these countries. 

The deputy governor of the Central Bank of the appearance of Mohammed Saleh (range) that… Read more…

Expert: deterioration of the currencies of neighboring countries would harm the national currency

Date: Thursday, 04/05/2012 12:17

Baghdad (news) .. Warned the financial expert, Abdul Hussein al-Radi, the vulnerability of Iraqi dinar exchange rate against the dollar due to the deterioration of currencies of neighboring countries, by increasing the demand on the dollar and withdrawn from local markets, ruling out the continued existence of drain hard currency of the country, the fact that the central bank in control of all Iraqi banks. 
said satisfied (for the Agency news) on Thursday: The Central Bank of Iraq is dominated by… Read more…

Economists call is supported by the central bank to separate the Rafidain and Rasheed for the administration of the Ministry of Finance

05/04/2012 09:58

Baghdad, April 5 / April (Rn) – The economists expressed their support to call the central bank released the Rafidain and Rasheed for the Ministry of Finance because of the problems faced by the ministry and that impede the development bank.The economist said Mohammed Yasin, Saadi, told the Kurdish news agency (Rn) that “the separation of banking Rafidain and Rasheed for the controls established by the Ministry of Finance as the owner is very important and supports the direction of Iraq to address the banking problems and… Read more…

Mashhadani: Delete the zeros will not harm the real value of currency

04/04/2012

Central moves to calm fears of money laundering

On: Wednesday 4/4/2012 9:15

 translation-term 
 central bank tightened its grip on the sales of the dollar amid fears of money laundering used by buyers, and also to reduce the international sanctions imposed on Iran and Syria, the two neighbors. 
fear of the increasing demand for the dollar over the past few weeks,

Bank has revealed the first Monday of the new instructions imposed on customers to prove their identity through the provision of import licenses and tax records. The second… Read more…

Central Bank to take new measures for those wishing to conduct foreign remittances of foreign currency

Wednesday April 4, 2012

BAGHDAD – and babysit –said Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh, said that “the Bank seemed to take new measures for those wishing to conduct foreign remittances of foreign currency.” He said in a press statement that “the central bank measures included traders who wish to claim foreign remittances of foreign currency Aware of the type of trade that wants to withdraw because of the amounts in addition to providing notice of a tax and trade in a maximum period of / 15 / days.”

He added… Read more…

Iraq bank moves to allay laundering fears

Monday, Apr 02, 2012

Iraq’s central bank has tightened its clampdown on its sales of dollars amid fears that buyers are using them to launder money and skirt international sanctions on neighbouring Iran and Syria.

Spooked by surges in demand for greenbacks over the past few months, the bank on Monday unveiled new rules to force customers to prove their identities by supplying tax records and import licences.

The second crackdown… Read more…

Banker proposes new legislation for banks

On: Tuesday 3/4/2012 9:26

 Baghdad / term follow-up   
counting the Central Bank of the Rafidain and good government, an obstacle to the development of the banking system which has to keep pace with the country headed towards a market economy, revealing a crucial meeting to be held today for the restructuring of State-owned banks. The deputy governor of the Central Bank of the appearance of Mohammed’s “Twilight News” that “the Rafidain and Rasheed in spite of solemn services which Ikdmanha, but they shift to a serious obstacle to the development of the banking system in the country and… Read more…

Deputy Governor of Central Bank: the project does not need to delete the zeros of a new law and regulation but also for

On: Tuesday 03/04/2012 14:05

Baghdad (news) .. Commended the deputy governor of the Central Bank of the appearance of Mohammed that the project to delete the three zeroes from the Iraqi currency does not need new legislation but issued a regulation to serve as instructions as stipulated by the Central Bank Law. 
Saleh said (of the Agency news) on Tuesday: The Bank Act Central gave full authority of the monetary authority to change the structure of the Iraqi currency, or delete the zeros of which can not be new legislation for the project to delete the three zeroes from the currency as it has been discussed twice in the House and Minister, and… Read more…

Expert: delete the zeros will increase confidence in national currency, the new world and internally

03/04/2012 0:00

Confirmed that it will not affect the real value of the dinar
Baghdad – Haider Filaih Rubaie 
said an economist that the process of deletion of zeros will not lead to the occurrence of collateral damage in the real value of the coin, and it will not bear negative effects can affect in GDP, explaining that… Read more…

Warning the likelihood of continued inflation

01.04.2012

Warned economists continue to increase the rate of inflation and the high index of prices in the country despite assurances to the Iraqi Central Bank last that this escalation is still “within the borders controlled.” In an interview with Radio Free Iraq, the President of the Economic Media Centre non-governmental Dargham Muhammad Ali that worry observers the status of the continuing rise of inflation and… Read more…

Expert: Iraqi banks as banking offices and you need to make the law effective

Date: Monday 04/02/2012 13:23

Baghdad (news) .. Proposed banking expert Mohsen Ali new legislation to support the Iraqi banks two branches of government and private sector for its contribution in the process of investment and ages of the country. 
Ali (of the Agency news) said on Monday: The banking system in Iraq is still too late for the banking systems of modern and advanced in the world, Iraqi banks have become as the offices of banking as a result of… Read more…

Newspaper: the dollar smuggling to Syria and Iran represents a drain on the assets of Iraq

02/04/2012 09:27

Erbil, April 2 (Rn) – A newspaper published (life) of London on Monday, an article by writer intelligent sincere Khalidi, indicating the implications of smuggling dollar from Iraq to Syria and Iran, two countries that imposed on them economic sanctions from some major countries affected in their resources of foreign currency . The article points out that the dollar out of Iraq to those countries can take many forms such as… Read more…

Asadi reveals the disappearance of {24} billion dinars from Basra since 2009

Sunday, April 1 / April 2012 11:44

Asadi reveals the disappearance of {24} billion dinars from Basra since 2009

{Basra} Euphrates News A member of the Integrity Committee in Parliament MP Hussein al-Asadi for the disappearance of {24} billion dinars from Basra since 2009, pointing out that “the money was unaccounted for until now.”

The MP of the state law has revealed Hussein al-Asadi told the News} {Euphrates last Friday for a delay in some important projects in the … Read more…

Cabinet calls for the central bank not to adopt any policy without his consent

Sunday, April 1, 2012 08:25

BAGHDAD / Baghdadiya News / .. as demanded by the Secretariat of the Council of Ministers Governor of Central Bank of Iraq official letter, not to adopt any monetary policies Without his consent, according to the provisions of the Iraqi Constitution, the Finance Committee, member of the parliamentary committee that the process of hosting the Governor of the Central Bank to query him about some of the variables on the recent depreciation of the dinar against the dollar and… Read more…

DEBUNKED!!!Worldwide Celebrations as Iraqi Dinar Revalues 1:1000!

WE are boycotting this website for this mean April fools joke, my apologies to everyone. I am leaving this post up for review until the dust clears. Again ….very sorry that a once reputable website would find this funny or stoop to this level.

Posted on 01 April 2012.

Just as the dinar speculators predicted, Iraq has re-valued its currency 1000-fold, making dollar-millionaires of ordinary folk from Anbar to Arkansas!

The unprecedented 100,000% revaluation was welcomed by businesses all across the world, who saw nothing strange about paying $1,000 today for something that was priced at $1 yesterday. At the stroke of a pen, foreign companies now pay their cleaning staff in Iraq more than they pay board-level directors back at home. Read more…

A proposed currency union will support the Arab Iraqi economy

01/04/2012 0:00
BAGHDAD – Al Sabah said a member of the Economic Commission Amer winner that the proposal that was presented at a meeting of finance ministers Arabs in Baghdad to unify the currency of Arab and create a common market will support the economies of Arab countries, particularly the Iraqi economy.

Experts: the banking sector in Iraq needs to develop

31.03.2012

Experts said that the banking sector in Iraq suffers from many problems, and is one of the sectors hit by defaults, it has not benefited so far from the technological revolution that has invaded the world, and led to the development of banking systems significantly. Dr. Adnan Farhan from the University of Basra, said that… Read more…

Close interaction between the banks and the private sector

31/03/2012 0:00

Aims to implement development programs 
BAGHDAD – Hussein Tgb Tamimi 
called financial expert to the importance of giving the private sector more active role in the process of economic development, particularly in the financial and banking sector and the expansion of community functions shall be vested in this sector in the economic and… Read more…