CBI INFO & IRAQI DINAR NEWS

Member of the Economic Commission: Proposal Arab single currency will support the Iraqi economy

On: Saturday 31/03/2012 9:09

Baghdad (news) .. A member of the Economic Commission MP / National Alliance / 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. 
said Fayez (of the Agency news) on Saturday: you must not… Read more…

Member of Finance Committee: of the most important economic consequences for the Arab summit Arab banks to create a development

On: Friday 3/30/2012 8:41

Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri, that of the most prominent and most important economic consequences for the Arab summit establishment of Arab banks of development, and that through the promotion of their economies, especially Iraq, referring to the principle of Arab economic integration is very important. 
Yasiri said (of the Agency news ): The Economic Conference has a positive economic results will include… Read more…

Central: In the «planning» 37 impediment to implementation of investment projects and foreigners are fleeing because of the seventh item (Chapter VII) of contraband and technological

BAGHDAD – Firas Al Hamadani Saadoun

He attributed the Iraqi Central Bank dropped rates of implementation of projects in the country to “factors internal and external,” and explained that there are dozens of obstacles to the implementation of projects annexed instructions of the Ministry of Planning, at a time when playing foreign companies working in the country that is still under Chapter VII of the UN Charter, and.. Read more…

Warka bank saga shows Iraq political, business tensions

Wed Mar 28, 2012 10:00am EDT

* Owners claim bank victimised by authorities

* Central bank insists it’s protecting financial sector

* Controversy could shake faith in privately held banks

* Dispute politicised by sectarian charges

* Warka’s fate may become clearer in a few weeks… Read more…

Economists stress the inability of the Arab countries to unify its currency financial

28/03/2012 16:37

Baghdad, March 28 / March (Rn) – A number of economists, on Wednesday, the inability of the Arab countries unify its currency and the introduction of coin-like currency single European euro.said an economist and member of the Iraqi trade Ziad al-Khafaji told the Kurdish news agency (Rn) that “the Arab countries do not can introduce a common currency like the euro because of.. Read more…

Deleting 3 zeroes from the Iraqi dinar will cost CBI $150 million

Date: Monday 03/26/2012

UAE’s Al Ittihad newspaper Monday, 26/3/2012 official sources within the Central Bank of Iraq that the draft deleted three zeros from the Iraqi dinar and actually began the process of replacement will cost the state budget the amount of 172 billion dinars (150 million dollars), and the budget next year will be the new dinar will «Central» to raise its value gradually against the dollar down to be…. Read more…

Iraq poses the single currency project on the Arab ministers of economy

27/03/2012 20:47

Baghdad, March 27 / March (Rn) – The Iraqi Ministry of Finance that it presented to the Ministers of Economy and Finance Forum project currency union between the Arab countries at the meeting held on Tuesday in Baghdad in the framework of the preparation of economic files to be presented to Arab leaders at their summit on Thursday. said Finance Minister Rafie al-Issawi, told.. Read more…

Granted an additional salary for employees in the province of Kurdistan. “Rumors”

Denied the Ministry of Finance and Economy in the Kurdistan Regional Government grant employees paid extra, noting that such news is a rumor is not unfounded. 
said Dler Tarek, spokesman for the ministry in a press statement that he ‘did not issue any decision of the.. Read more…

Difficult to forge …. Iraq’s new currency will include the Kurdish language

More Details of New Iraqi Dinars

Posted on 27 March 2012.

AKnews reports that Iraq’s new currency will include three languages: Arabic, Kurdish, and English. It will also include archaeological features including those of the Kurdistan Region. Speaking on behalf of the economic committee in the Iraqi Council of Representatives, Muhama Khalil said that deleting the three zeros, and restructuring the currency will provide significant economic benefits.

He explained that.. Read more…

Deputy: Linking the central bank under the chairmanship of Minister for the establishment of the dictatorship of financial

26 March, 2012 06:27:37

Independent MP Sabah al-Saadi of the General Secretariat of the Council of Ministers called on the Iraqi Central Bank not to approve any fiscal policy only after the reference.

Saadi said that the General Secretariat of the Council of Ministers sent a letter to the Central Bank two days ago, demanding that the non-approval of state fiscal policy or the exercise of its powers only after the approval of the Council of Ministers, said.. Read more…

The central bank adviser criticizes the launch of the 100 salary advance and described the failed policy

Monday, March 26 / March 2012 15:15

Baghdad {: News} Euphrates criticized the appearance of the central bank adviser Mohammed Rashid Bank to launch the 100 salary advance, calling it it a failed policy.

The Rasheed Bank has launched the 100 salary advance to state employees the benefits of a simple center of resentment by some employees for not including them in Balslfah. Read more…

Raise zeros from the Iraqi currency would hinder the development of the Iraqi market for securities

A number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of stocks of State to 20% after it witnessed during the current year 80%. 
said an economist and professor at the University of Mustansiriya Radi al-Husseini that the ‘stock of Foreign Affairs of the Stock Exchange will drop to 20 % if the Iraqi Central Bank to raise three zeros from the local currency, because it is not something organizationally, but beyond that where it causes obstruction of financial transactions, including.. Read more…

Iraq is to delete the zeros of the Danarh and raise its value against the dollar

Sunday, March 25, 2012

Official sources in the Iraqi Central Bank to the project to delete three zeros from the Iraqi dinar actually began, and that the process will cost the budget 172 billion dinars (150 million dollars). She explained that the budget next year will be the new dinar, which will serve the Central Bank to gradually raise its value against the dollar and.. Read more…

Economic Analyst: lack of capital of private banks due to the lack of encouragement for savings by

Date: Monday 03/26/2012 12:32

Baghdad (news) .. Explained economic analyst Ibrahim al-Mashhadani, the reasons for the lack of capital of private banks Iraqi dates back to the lack of a means of encouraging savings and bid farewell to the money which by the citizens and owners of the funds of the layer rich in the community, which led to the absence of its actual investment activity of the country. 
Mashhadani said (of the Agency news ) on Monday: there are no.. Read more…

Securities Commission confirms that the impact of the deletion of zeros on the Government of Iraq’s foreign

On: Sun 03/25/2012 6:31

 Baghdad / range 
 declared the Iraq Stock Exchange yesterday, Saturday, that the deletion of three zeros from the local currency will not affect the level of equity investment of external and internal. 
and announced that the Securities Commission for a stop work efffective from Sunday until next Thursday in response to the holiday announced by the Iraqi government .
The executive director Abdul Razak said that.. Read more…

Economists fear the process of lifting the zeros from the Iraqi currency

Date: Monday 26/3/2012 7:09

Baghdad / term
A number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of foreign equity to 20% after it witnessed during the current year 80%.
He said an economist and professor at the University of Mustansiriya Radi al-Husseini that “the stock of Foreign Affairs of the Stock Exchange will drop to 20% if the Iraqi Central Bank to raise three zeros from the local currency, because.. Read more…

Banking expert: the need to develop a scientific and well thought out plan for the development of banking

On: Sun 03/25/2012 8:25

Baghdad (news) .. Called for a banking expert Mohsen Ali to the need to find a new action plan scientific and well thought out for the advancement of the banks and development, stressing that the banking policy in Iraq is clear and need to reconsider it. 
Ali (of the Agency news): The indicators of scientific and the results of banking business, all indicate that the Iraqi banks need an urgent and.. Read more…

Economists: marginalization and under-law made obstacles stagnant private banks

On: Sun 03/25/2012 11:31

Baghdad (news) / report / Qusay Adhami / .. Since the inception of private banks in Iraq, through trying to make it an important element of the national economy and investment, leading to the establishment of more than thirty banks of them, notes involved in the economic survival of stagnant and limited possibilities. it is still small due to limited capital, which led to the reluctance of some and aversion to government institutions, including, as indicated.. Read more…

CBI calls for the enactment of the hours to make up for work because of holidays

BAGHDAD – Agencies

Said Central Bank of Iraq, Wednesday, that the country needs to make up for the enactment of the working hours lost due to public holidays, between the unemployment rate announced by the Ministry of Planning of the 11% loss caused to the Iraqi GDP $ 15 billion annually.

The Iraqi government decided to disable always in the country for a week starting from 25th of this month for the very first of next April.

The government said that.. Read more…