Form a higher committee with the CBI to start deleting zeros from currency
08/03/2012 15:39
Baghdad, March 8 (Rn) – The Economic Committee in the Iraqi Council of Representatives, Thursday, that they have formed with the Central Bank of Iraq to a joint committee to begin the process of deletion of zeros from the local currency. said Abdul Hussein Abtan told the Kurdish news agency (Rn) that “the Economic Commission formed a joint committee with the Central Bank of Iraq on Thursday to oversee the process of removing zeros from the local currency, which is scheduled to begin next September. ” adding that “the Commission will work to provide the needs of technical, Read more…
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The project is important to increase the power of the dinar and the money supply to reduce the enormous
08/03/2012
Why after the lifting of zeros? 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. Read more…
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Central Bank decides custody of the Warka Bank
Wednesday, March 7, 2012 06:15
BAGHDAD / Baghdadiya News / .. at the time decided the Iraqi Central Bank to impose guardianship on the Warka Bank, described the members of Parliament in the Economic and Financial Committee and officials in the banking sector this step (b destroyer)
Of the banking sector, which is the main gate in the process of attracting foreign investment, among bankers that the decision to trust is not justified, especially that of Warka, which was founded in 1999 still has the financial strength did not announce bankruptcy. A statement issued by the Club journalists economists Iraqi got / Baghdadiya News / a copy of it, that the Central Bank of Iraq admitted in a report released by the Directorate of banking and credit control department inspection, Read more…
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Member of Finance Committee: We propose to issue currency category (50) thousand instead of deletion of zeros for fear of fraud
On: Wednesday 07/03/2012 10:57
Baghdad (news) .. Proposed by the Finance Committee MP / National Alliance / Magda Tamimi issue currency category (50) thousand dinars in the implementation of the project to delete the zeros of the three, to reduce the money supply raised in the local markets.
said Tamimi (of the Agency news) on Wednesday: The security situation in Iraq is still not quite stable and does not help the execution of the great interest to the general citizens and the national economy and may get unexpected situations coincide with the implementation Kaltazoir and others. Read more…
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Economic and investment representative: Height witnessed by the dollar against the dinar fully controlled
Tuesday, 06 March / March 2012 06:54
[Baghdad – | Where]
According to a member of the Economic and Investment parliamentary Abdul-Abbas broadly that the high price of the dollar against Iraqi dinar completely controlled by the central bank does not call to fear
He said Xiaa told all of Iraq [where] that “the central bank adopted a strategy to meet the market need of hard currency are reasonable and set controls for control of the deal in hard currency in order to avoid loss of control,” asserting that “the rally that has seen the Iraqi market price of the dollar dominated completely.” Read more…
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Economist: delete the zeros is an urgent need to raise the value of the Iraqi currency in the market
Tuesday, 06 March / March 2012 11:46
[Baghdad – where]
Said Husam Obeid, an economist that the step to delete the zeros of the Iraqi currency has become an urgent necessity in order to raise the value of the Iraqi currency against foreign currencies added to maintain the balance in the market.
Obaid said in a statement received by all of Iraq [where] that “this procedure need to be a political decision,” calling for “the need to speed up the deletion of zeros from the Iraqi currency, because the move from large and positive returns on the Iraqi economy.” Read more…
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Economist calls to speed up the deletion of zeros from the currency
04/03/2012 01:24
Called an economist Husam Obeid central bank to speed up the deletion of zeros from the Iraqi currency to eliminate the negative actions arising from the density of cash. Chairman of the Board of Directors of banks, economy, investment and finance said that the deletion of zeros from the Iraqi currency has become an urgent need to raise the value of the currency Read more…Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Warka Bank placed under ‘Guardianship’
Posted on 05 March 2012.
Iraq’s central bank has reportedly placed private bankWarka Bank under guardianship to supervise it through insolvency.
Warka Bank had been in talks with Standard CharteredPlc to sell a stake last year, but they were not successful.
According to the report from Reuters, Mudher Kasim, deputy governor of the central Bank of Iraq, said: Read more…
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Central Bank: the top of the right opportunity Baghdad to discuss Iraq’s debt
Date: Monday 05/03/2012 17:51
Iraq will be presented at the Public Economic upcoming summit
Baghdad – Mostafa Hashemi
Central Bank of Iraq said that the Arab summit to be held in Baghdad from the most appropriate forums to discuss the Arab Iraq’s debt with the Arab countries.
The deputy governor of Bank of the appearance of Mohammed Saleh, said that there is the question and the other Iraqi special issue of public debt on the subject of Arab Iraq, which has not been settled so far, except for Algeria and some other countries. He noted that some small countries, Malta Kcyprus dropped all the debts on Iraq, while there are countries did not fall sister debts on Iraq so far. And Saleh said in a statement singled out by the (citizen) to be the largest debts of Iraq is a Gulf states plus Egypt and Jordan…. Read more…
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U.S. assurances to protect Iraq’s money for another year
04.03.2012
The Iraqi government announced it had received assurances from Washington to extend the term of protection of the United States to Iraqi funds for one additional year from the twenty-second of the month of May. An advisor to Iraqi Prime Minister for Legal Affairs Fadhil Mohammed Jawad, said the Iraqi government formally asked its counterpart the U.S. to extend the protection of Iraqi funds for another year, adding that this extension to be issued by presidential decree, an American who would guarantee not to raise the state lawsuits against the Iraqi funds in the United States. Read more…
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Economist calls to speed up the deletion of zeros from the currency
04/03/2012 01:24
Called an economist Husam Obeid central bank to speed up the deletion of zeros from the Iraqi currency to eliminate the negative actions arising from the density of cash. Chairman of the Board of Directors of banks, economy, investment and finance said that the deletion of zeros from the Iraqi currency has become an urgent need to raise the value of the currency Read more…Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Sadrists: central bank policy to limit the financial remittance companies limited monopoly
Sunday, 04 March 2012 10:06 GMT
Sumerian News / Baghdad considered the Sadrist movement, on Sunday, the policy of the central bank to limit remittance financial companies to a limited monopoly, calling on him to open up to a free economy, and not only transfers to a limited number of companies or persons. The MP said the current governor Zamili in an interview for “Alsumaria News “,” Central Bank of Iraq to deal with private companies and limited on remittances, “adding that policy” is proprietary, and are limited to people with ties material and partisan and personal. ” said Zamili that “this is incompatible with the policy of the global financial market,” calling the bank to Read more…Categories: CBI INFO & IRAQI DINAR NEWS, IRAQI DINAR POLITICS & ECONOMY Tags:
Central Bank Act to issue calls for the deletion of zeros from the currency
On: Saturday 03/03/2012 10:11
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In recent months, adjust the amounts of counterfeit currency, and detained by local authorities in these provinces specialized gangs forged currency, promotion and fraud on the citizens. |
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Cash Only: Why the Messy Banking Sector Endangers Iraqi Development
Posted on 02 March 2012.
Iraq could be one of the richest countries in the world. Yet over three quarters of Iraqis do not have bank accounts. So where do they keep that wealth, asks this article from NIQASH, and can the Iraqi banking system be dragged into the 21st century?Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.
The banking sector in Iraq reflects the economic mess that the country is in. Basic modern banking practices – like electronic funds transfers for payroll or other banking needs – are almost non-existent and credit facilities are hard to come by. Automatic teller machines remain a novelty while mortgages and loans are a rarity. Read more…
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The arrest of an employee in the Rafidain Bank replaces the counterfeit currency
03/03/2012 11:39
Dropped subunits Baghdad Police Directorate of the arrest of an employee working in the Rafidain Bank branch Buratha for his introduction of counterfeit currency and replace it inside the bank.
Said Colonel Mushtaq student Hamidawi that the defendant and in cooperation with the employee in the same Rafidain Bank branch Buratha, they go into the coin of the category of the ten thousand dinars and replace and distributed in the salaries of the Internal Security Forces, were seized possession of the accused 16700 sixteen million seven hundred thousand dinars, forged and 37 thirty- other than one million fake counterfeit currency has Read more…
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Deputy Central Bank Governor: the phenomenon of exaggerated Tzoiralamlh is no need to fear them
Friday, 02 March / March 2012 07:12
[Baghdad – where]Said the deputy governor of Central Bank of Iraq that the appearance of Mohammed Saleh long smear campaign, claiming the existence of the Iraqi currency in large quantities in the domestic market and said perhaps behind this campaign, political disputes between conflicting blocs. Read more…
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Project to delete the zeros from the currency-based and will be announced immediately after approval of the Government Vice Governor of Central Bank
Last Updated: 01/03/2012
Description of the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh project to delete the three zeroes from the currency of the country as strategic as it will reduce the mass of cash circulating in the local markets.
Saleh said: The central bank exceeded the advanced stages in the preparation of studies and logistical preparations for the mission project to delete the three zeroes from the currency and within a specific timeframe being a reformist project of the Iraqi currency. Read more…
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Central Bank: the counterfeit currency is a media statements
28/02/2012 06:56 PM
Baghdad
Detect Iraqi Central Bank Governor of the Bank during the coming period to cancel the zeros
of the Iraqi currency in order to absorb the inflation of the Iraqi market as well as reducing the size of the Iraqi currency currently in circulation is an existing project will see the light in the coming days after the completion of it, pointing out that there is an integrated study on the matter and in the final stages of discussions, the decision was taken and must be submitted to the relevant authorities for the purpose of legislation by the House of Representatives and the Council of Ministers.
of the Iraqi currency in order to absorb the inflation of the Iraqi market as well as reducing the size of the Iraqi currency currently in circulation is an existing project will see the light in the coming days after the completion of it, pointing out that there is an integrated study on the matter and in the final stages of discussions, the decision was taken and must be submitted to the relevant authorities for the purpose of legislation by the House of Representatives and the Council of Ministers.Dr. Shabibi in an exclusive interview with (the people) shall be published later that the removal of zeros from the Iraqi currency at the moment was inevitable and will contribute to facilitate the work of the government and Atathirat real current economic situation, stressing that it will be canceled three zeros from the current currency will be printed six to seven categories of a new Iraqi cash.
Shabibi said that the central bank supervision Read more…
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Muslim Brotherhood in Egypt, demanding Iraq to pay two billion dollars and threatening the looted Iraqi banks
Muslim Brotherhood in Egypt, demanding Iraq to pay two billion dollars and threatening the looted Iraqi banks
Palm – warned the Chairman of the Manpower Committee, Egyptian People’s Assembly of Iraq the fury of the Egyptian side as described for the delayed payment of money transfers yellow, calling to boycott the Arab summit in Baghdad.said Saber Abu Fotouh in a press statement that I warn Iraq the fury of the Egyptian side to the delayed payment of remittances yellow dues of workers Egyptians in Iraq, worth billion and $ 716 million, although the Iraqi government’s budget this year of 100 billion dollars. Read more…
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Economist: Raising the zeros from the currency will save the economy from the dollar’s dominance
On: Wednesday 02/29/2012 10:55
Babylon (news) .. According to a professor of economics at the University of Babylon, Dr. Jawad al-Bakri that the draft raise zeros from the national currency involves a lot of pros on the reality of the Iraqi economy.
said Bakri (the Agency news) said on Wednesday: One of the pros stop control of the dollar on the Iraqi economy and reducing the circulation of funds and the stability of Iraqi dinar exchange rate in addition to reducing the rates of inflation in the medium term and reduce the cost of economic transactions. Read more…
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