CBI INFO & IRAQI DINAR NEWS

Member of the Economic Commission: Decision custody of the Warka Bank is wrong and urgent

On: Sun 11/03/2012 11:06

Baghdad (news) .. Criticized by the Economic Commission deputy / coalition in Iraq / Nora Salem Albjara central bank’s decision to impose custody of the Warka Bank and described it as “wrong and urgent.” 
said Albjara (of the Agency news) said on Sunday: The imposition of the trusteeship by the Central Bank to Warka Bank executed confidence between him and the private banks for the time which must be supported by those banks and exploitation in the financing of investment projects of the country.  Read more…

Inefficient state banks weaken the Iraqi economy

12/03/2012

Aseel Kami and Yara Bayoumy
BAGHDAD (Reuters) –
complains about an Iraqi businessman tries to gain billions of dollars flowing into the country from the oil contracts profitable that most bother him not bomb attacks or political sectarianism, but the banking system primitive., says the businessman who is a car company foreign Iraq has refused to be identified because of his dealings with the government, “where credit card?” Pointing out that it is used widely in other Gulf countries.
“The extent to which we are immune to this development?” Read more…

Parliament calls for the economy of the Iraqi Central Bank to pay the dues of the creditors of Warka

11/03/2012 08:32

Iraqi authorities seized 55 million dinars false

11/03/2012 18:32

Baghdad, March 11 / March (Rn) – The Iraqi government said Sunday it began to look on the counterfeit currency, and they seized last month, 55 million dinars false. said Fahd al-Jumaili member of the government to follow up the currency and reduce the phenomenon of counterfeiting, told the Kurdish news agency (Akanus) that “a specialized committee of the Secretariat of the Council of Ministers to coordinate with the Ministry of Finance, Interior, and the central bank to adjust the counterfeit currency. Read more…

A higher committee to supervise the deletion of zeros from the currency

10/03/2012 – 9:43 p.m.

Formed the parliamentary Economic Committee in cooperation with the Central Bank of a joint committee to begin the process of deleting the zeros of the local currency. Said MP Abdul-Hussein Abtan “The Committee will oversee the process the process of removing zeros from the local currency, which is scheduled to begin next September.”  Read more…

Financial: Iraq not ready to delete the zeros from the currency!!

On: Sun 11/03/2012 18:09

Expansion in money laundering operations of the citizen – Sarah Obeidi warned a number of financial experts, the federal government of the central bank is implementing a project deleting three zeros from the local currency, stressing that there are negative impacts will occur on the Iraqi economy in the event of the implementation of this project and it is through the spread of money laundering, as well as expansion in the rigging of local currencies, (citizen) had a stand with a number of financial experts in the subject and was the beginning of the modern with the financial expert, Yasin al-Musawi, who warned of a process of removing three zeros from the local currency due to lack of economic and financial stability in the country Read more…

Central Bank denies the accusation Warka smuggling money abroad

Saturday, March 10, 2012 14:21

BAGHDAD / Baghdadiya News / .. denied the Iraqi Central Bank’s statements dealt with some of the media yesterday that he accused the Warka Bank of smuggling money abroad

Finance decided to call the parliamentary governor of the central bank to discuss the issue of Warka Bank

10/03/2012 08:57

Baghdad, March 10 (Rn) – The Finance Committee of the Iraqi Council of Representatives, Saturday, for it will call Iraqi Central Bank Governor Sinan Shabibi to discuss the issue of Warka Bank, as revealed by the presence of unconfirmed refers to smuggling capital of the Warka Bank out of the country following the flight the founders of the bank. and decided the Iraqi Central Bank last week put its guardianship to the Warka Bank, one of the largest banks because of the Iraqi marking some of the problems in financial dealings. Read more…

Iraqi Central: International Monetary satisfied with our reforms to the financial

10/03/2012 15:25

Baghdad, March 10 / March (Rn) – The Central Bank of Iraq on Saturday that the International Monetary Fund is satisfied with the financial reforms carried out by as part of his dealings banking. Iraq had decided since the beginning of 2006 to restructure State-owned banks. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdistan News (Rn) that “the International Monetary Fund expressed his conviction fiscal reforms carried out by Iraq at the level of financial dealings and banking and development. Read more…

A parliamentary committee to coordinate with the Central Bank to start deleting the zeros Currency

09/03/2012 18:30:00

Deputy: We proposed issuance of currency category (50) thousand dinars

08/03/2012

BAGHDAD – Al Sabah 
 proposed by the Finance Committee MP Magda Tamimi issue currency category (50) thousand dinars in the implementation of the project to delete the three zeroes, to minimize the mass cash raised in the local markets. 
said Tamimi during a statement made ​​by the Agency (news): The security situation in Iraq is still not quite stable and does not help the implementation of a large project concerns the general public and the national economy and may get unexpected situations coincide with the implementation Kaltazoir and others.  Read more…

The project is important to increase the power of the dinar and the money supply to reduce the enormous

08/03/2012

Baghdad – Haider al-Rubaie Filaih 
economic expert said that a number of things can be achieved thanks to the deletion of three zeros from the currency, noting that in the forefront of those positive things to be achieved after the implementation of the project is to increase the control of monetary authorities on the trends of the currency in Iraq during the performance of its functions in the management of liquidity, monitoring and supervision of the national currency. 
 and started the government to change the currency in 2004, before the trend the central bank to introduce a deletion of three zeros from the Iraqi dinar, a project expected to implement it early next year, according to Deputy Governor of the Central Bank. Read more…

Parliament is a supreme committee with the central bank to start deleting the zeros

On: Saturday 03/10/2012 8:22

 Baghdad / follow-up long 
formed the Economic Committee in the House of Representatives with the Central Bank of Iraq to a joint committee to begin the process of deletion of zeros from the local currency. said MP Abdul-Hussein Abtan told the Kurdish news agency (Rn) that the Economic Commission formed a joint committee with the Central Bank of Iraq yesterday the first Thursday to the supervision of the process of removing zeros from the local currency Read more…

Warka bringing a lawsuit against the Central Bank of Iraq

Thursday, March 8, 2012 13:38

BAGHDAD / Baghdadiya News / An official source at the Board of Directors Warka Bank for Investment filed a lawsuit against the Iraqi Central Bank, which recently issued an order placing the bank in question

Custody decision on the “Warka” raises concerns of the Iraqi banking sector

Posted       08/03/2012 10:41 PM

The decision by the Iraqi Central Bank put bank «Warka» Iraqi Investment and Finance under the trusteeship system, wide reactions in the banking sector, that accompanied the crisis of the bank since its inception two years ago, when the bank faces a liquidity crisis resulting from the Iraqi Ministry of Finance to issue instructions to withdraw balances of government accounts of private banks immediately, and was on the bank to respond to this procedure.

CBI confirms that the guardianship and the Warka Bank came to save him

09/03/2012 15:19

Baghdad, March 9 (Rn) – The Central Bank of Iraq, Friday, the imposition of guardianship on the Warka Bank of Iraq Investment and Finance came to save him from some of the problems experienced by noting that the interim administration’s current bank moving its business, while considered the Committee of Representatives of financial conduct of the Central is an important step to improve and reality. and decided Central Bank of Iraq this week to develop and guardianship to the Warka Bank one of the largest Iraqi banks because of marking some of the problems the financial dealings. The main tasks of the Central Bank in managing monetary policy in the country and raise the level of the values ​​of the Iraqi dinar and tackle 

Economist: delete the zeros is a positive step towards the strength of the currency and the elimination of cash-density

Last Updated: 08/03/2012

Said Husam Obeid, an economist on the need to speed up the deletion of zeros from the Iraqi currency, because such a step of positive returns.

The head of the Board of Directors of the economy to investment banks and finance that the deletion of zeros from the Iraqi currency has become an urgent need to raise the value of the currency and to maintain balance in the market, noting that this procedure need to be a political decision. Read more…

Parliament demands a halt to the dollar and the auction address Tehran Iraq and the economy with gold Dolarath

07/02/2012 9:46

Baghdad / Orr News

I addressed the parliamentary economic committee of the Central Bank formally, to stop the sale and payment of the dollar auction, while the information indicates that the Iranian government, you are buying the dollar and the quantities of gold, of the provinces of Najaf, Karbala and Basra, to address the shortfall in Khozanha of gold.

It seems that the economic sanctions imposed by the UN Security Council on Iran has started to bear fruit, where it began the features through the depreciation of the Iranian Altoman even arrived at the “320” Tomana against one U.S. dollar, while in front of the Iraqi dinar has fallen by “50%”. Read more…

Sources: dealers are protected from exchange officials fleeing to Iran and Syria

09/02/2012 15:02

Baghdad / Orr News

Detect the Iraqi Central Bank for the popularity of the dollar, which sells to traders across the bomber’s has declined during the past two days from $ 400 to $ 3.00025 million thousand dollars a day, after the measures taken to curb the smuggling of the dollar, from Iraq to Syria and Iran, particularly the imposition of the traders who require conversion of the Iraqi dinar to the dollar certified checks from banks in which they have accounts on the amounts that require conversion.

The appearance of Salih, Deputy Governor of Central Bank of Iraq, “We enter the central bank to protect the exchange rate after the decline in the value of Iraqi dinar and that has led to a decline in applications for conversion of the Iraqi dinar to the dollar significantly. Read more…

Jordanian banker: Kuwait, Iraqi politicians bought the silence of one billion and a half billion dollars

06/03/2012 8:43

A source in the administration of the Arab Bank of Jordan, that the amount transferred from Kuwait to the bank accounts of Iraqi special, there were one billion and a half billion dollars, the amounts were converted beginning in 2008 and so far, to calculate more than 200 “Iraq” in exchange for a no-objection to the draft Port Mubarak of Kuwait. Read more…