CBI sales drop to $ 218 million
29/02/2012 15:17
Baghdad, February 29 (Rn) – The Central Bank of Iraq that his sales of the U.S. dollar fell on Wednesday, recording $ 218 million versus 220 million in the previous session. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the bank sales Central on Wednesday reached $ 218 million, while the shares on Tuesday of $ 220 million. ” and explained that “the price of sales amounted to 179 Iraqi dinars per dollar interest rate of up to 10 dinars.” Saleh added that “the owners of banking offices adapt to the new mechanisms established by the Bank CBI in the sale process difficult to prevent smuggled out of the country because of crises in the countries in the region. Read more…Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Delete the zeros sound decision and timing appropriate
|
28/02/2012 Experts stressed at a seminar Mustansiriya economic
Baghdad – morning addressed the economic seminar organized by the Department of Economic Studies at the Center for Mustansiriya of Arab Studies and International three studies, the economic dimensions to raise zeros from the Iraqi currency is expected to direct the circulation of the new currency in early 2013. participated in the symposium sponsored by the President of the University Mustansiriya and Prof. Dr. Haidar Taher Saadi A number of economists and interested and Okadeimun contributed to the enrichment of the research discussions summarized the advantages and disadvantages of the process of removing zeros. Read more… |
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
CBI dollar sales highest in February 2012
2/28/2012 5:14 PM
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) daily auction today exceeded 212 million dollars, compared to 180 million from the previous session.
The exchange rate reached to 1,166 Iraqi dinars to one dollar. Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Symposium to discuss the implications of removing zeros and its impacts on the Iraqi economy
Muthanna / Baghdadiya News / contract section .. Banking and Finance at the Faculty of Management and Economics symposium discusses the “removal of zeros from the Iraqi currency and its impacts on the economy of Iraq.”
Dr. Mohammed Al-Tai Associate Dean for Administrative Affairs L / Baghdadiya News / “This seminar was based on objectives of the College to discuss issues of concern to the Iraqi economy, particularly monetary policies and their effective role in achieving economic stability, which is one of the priorities of the Central Bank.” Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Counterfeit Money Infiltrates Kurdistan’s Markets
28/02/2012 04:01:00
ERBIL, Iraqi Kurdistan – Some businessmen and owners of currency exchange bureaus say that counterfeit banknotes have flooded the market in the Kurdistan Region.
The president of the Kurdistan Region Bank said, “High-tech machinery is apparently used to make some of the counterfeit money.”
The president of Kurdistan Region Bank, Adham Karim, said they have told various governmental agencies about the problem. Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Change the Iraqi currency and the expected effects
Change the Iraqi currency and the expected effects
Monday, February 27, 2012
Intelligent loyal Khalidi *
A source at the Central Bank of Iraq weeks before the government’s intention to change the currency by deleting three zeros from the right side of the categories of the current currency, any division of denominations present on A, and thus become a category one thousand dinars, the current, for example, equal to the new dinars and the five thousand is equal to 50 new dinars and a thousand percent, equal to a hundred new dinars.
And will be the new currency in 2013 Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Banking expert: Iraqi banks need advanced technology to be sober
On: Tuesday 28/02/2012 12:04
Baghdad (news) .. Noted banking expert Mohsen Ali importance of the introduction of technology banking modern world in the work of Iraqi banks and training of staff to develop their work. Ali (of the Agency news) said on Tuesday: The Iraqi banks two branches of public and private need to introduce new technology in place in most international banks and training capacity human on these techniques and the English language in order to communicate with the world in order to be Iraqi banks sober and with a good reputation. Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Parliamentary Finance: Determine the size of the surplus revenues of the State of Iraq in July.
28/02/2012 12:41
Baghdad, February 28 (Rn) – The Finance Committee of the Iraqi Council of Representatives, on Tuesday, it will determine the size of the surplus revenues of the Iraqi state in the next July, indicating that the Ministries of Finance and Planning Sttulan responsibility to develop a mechanism to distribute 25% of the surplus on the Iraqi people . and the block free of the Sadrist movement had threatened last week not to vote on the budget of the country for the current year before the distribution of oil imports to the population and the allocation of additional funds to them from the surplus of the previous budgets since 2004 to the year 2011 and increase the salaries of retirees. said committee member Najiba Najib told the Kurdish News (Rn), “The House of Representatives put a clause in the federal budget includes forcing Prime Minister Nouri al-Maliki to allocate 25% of the surplus revenues of the Iraqi state Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Baghdad calls for Washington to continue to protect the $ 17 billion abroad
28/02/2012 19:13
Erbil, February 28 (Rn) – demanded that Iraq Tuesday from the United States formally extended the protection of its funds abroad for another year. Iraq had last year formed committees to undertake the task of recovery of Iraqi funds in a number of countries after the adoption of the law of recovery of Iraqi funds abroad by House of Representatives. and the UN Security Council voted unanimously in mid-January last three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes and cancel the oil for food program. also extended the immunity of private and for the last stage of the compensation imposed under Chapter VII to the end June next year. Read more…Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Project to delete the zeros from the currency-based and will be announced as soon as GOI approval
On: Tuesday 28/02/2012 13:12
Project to delete the zeros from the currency-based and will be announced as soon as GOI approval Baghdad (news) .. Description of the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh project to delete the three zeroes from the currency as strategic for the country as it will reduce the mass of cash circulating in the local markets. Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Change the Iraqi currency and the expected effects
Date: Monday 02/27/2012 19:42
Intelligent loyal Khalidi * A source at the Central Bank of Iraq weeks before the government’s intention to change the currency by deleting three zeros from the right side of the categories of the current currency, any division of denominations present on A, and thus become a category one thousand dinars, the current, for example, equal to the new dinars and five Thousands equal to 5 dinars new and hundred thousand equal to one hundred new dinars. and will be the new currency in 2013 Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
CBI sales rise to $ 188 million
26/02/2012 14:25
Baghdad, February 26 (Rn) – The Central Bank of Iraq that his sales of the U.S. dollar rose on Sunday to $ 188 million from 177 million in the previous day. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the bank sales Central on Sunday amounted to $ 188 million, while the Thursday $ 177 million. ” and explained that “the price of sales amounted to 179 Iraqi dinars per dollar, an interest rate of up to 10 dinars.” Saleh added that “the owners of banking offices to adapt to the new mechanisms established by the Central Bank of Iraq in the sale process difficult to prevent smuggled out of the country because of crises in the countries in the region. Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Financial expert: the exchange rate of the dinar against the dollar may be equal during the next two years thanks to central bank policy
On: Saturday 02/25/2012 15:36
said the star (of the Agency news) on Saturday: The central bank succeeded managed through its control of the cash raised in the local markets, and make the Iraqi dinar rises two points during the month of February the current and this is an important development and significant in the work of monetary policy in Iraq. He added that the Iraqi dinar today has become an important currency Read more… |
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Iraqi Central excludes foreign investors sell the currency of Procedures
25/02/2012 17:21
Baghdad, February 25 (Rn) – The Central Bank of Iraq, Saturday, he was exempted foreign investors from the proceedings sell the currency, according to investment law. and the development of the bank a new mechanism requiring the withdrawal of foreign currency on the basis of the importance of development projects in the country, after it has spread in recent times the phenomenon of smuggling hard currency, especially to Iran, facing international sanctions, which warned of a number of experts in the field of economy and development of the reflected negatively on the reserve of Iraq in hard currency. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
CBI puts new controls for the sale of the dollar
25/02/2012 12:03
Baghdad, February 25 (Rn) – The Central Bank of Iraq, Saturday, about his new regulations to control the sale of the dollar through his window, pointing out that the new regulations require that it enters the window of foreign currency to be an Iraqi and defined bank account, criticizing banks and companies, money transfer to create what he called the market of its own. Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
New banknotes to be introduced in September
Saturday, 25 February 2012, 07:58 GMT
A money trader in Erbil
The Kurdish Globe
Views differ on financial and socioeconomic impacts
Despite fears of a negative economic impact, the Central Bank of Iraq will remove three zeros from Iraqi dinar notes and print new banknotes in 2013.
The Central Bank of Iraq has agreed with the Economic Committee of the Iraqi Parliament to introduce the new banknotes in September 2012, which will be used in parallel with the current banknotes for a year. The CBI will completely withdraw the old banknotes by September 2013.
Abdul-Hussein Abtan, Economic Committee Member of Parliament in Baghdad stated in a press conference that there is an initial agreement between Parliament and the central bank to start the process of removing three zeros in September, and it will take a year to complete. The new banknotes will be printed in Arabic, English and Kurdish. Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
The essence of the deletion of zeros .. Technical or economic?
|
23/02/2012 D. Mahdi Al-Hafiz
There are discussions ongoing about the importance of changing the currency or the deletion of zeros in particular, and most recently told the CBI on the intention to perform this task next year, this issue is a technical matter of form, but in fact is directly related to the general economic situation, it is wrong to the large separation of monetary policy economic policy, there is a close correlation between them. And if we wish to offer on such a step we have to look at the economic reality and analyzed accurately, the country in a difficult regardless of the talk is much that is said here and there, it’s economy is not uniform and suffers from gaps seriously, the situation in Kurdistan separate cases almost in terms of economic processes and financial and in the provinces are making contacts and initiatives and attempts to declare the so-called federalism here and there. Read more… |
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Iraq decides to release the budget early next month
24/02/2012 14:25
Baghdad, February 24 (Rn) – The Iraqi Ministry of Planning and Federal, on Friday, it will launch a budget in 2012 in the first of the month next to the ministries for the purpose of accelerating the implementation of important projects. acknowledged the Iraqi government in its emergency meeting in (05/12/2011) budget in 2012 by $ 100 billion (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars). and the Iraqi Council of Representatives passed the last night of the budget in 2012 after he held by a number of changes, notably raising the social benefits of $ 100 billion dollars. Read more…Categories: CBI INFO & IRAQI DINAR NEWS Tags:
Central Bank: Identification of a commission selling the Iraqi currency ten dinars only be added to the price of the dollar
Date: Thursday, 23/02/2012 10:51
Baghdad (news) .. The Deputy Governor of the Central Bank of the appearance of Mohammed that the bank select a commission selling the Iraqi currency ten dinars only added to the dollar exchange rate set at a reasonable price, indicating that monetary policy is controlled.
Saleh said (of the Agency news) on Thursday: There are differences in the market for the dinar exchange rate against the dollar in different parts of Iraq, which called for by the Central Bank to impose special measures against market speculation through the identification of a commission to sell the currency ten dinars only be added to the price of the dollar and set a thousand and one hundred and seventy-nine dinars. Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
CBI sales drop to $ 170 million
23/02/2012 15:52
Baghdad, February 23 (Rn) – The Central Bank of Iraq Thursday reduced sales of the U.S. dollar from 178 million to $ 170 million.Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that sales of the Central Bank on Thursday stood at 170 million dollars.Saleh added that the owners of offices, money changers to adapt to the new mechanisms developed by the CBI in the sale of hard currency to prevent smuggled out of the country because of crises in the countries in the region. Read more…
Categories: CBI INFO & IRAQI DINAR NEWS Tags:
