CBI INFO & IRAQI DINAR NEWS

Al-Qaeda Believed to be Behind Iraqi Dinar Racket

Posted on 22 February 2012.

AKnews reports that businesses and currency traders are rejecting 10,000 dinar notes because of rumours about the increasing spread of counterfeit currency.

Government sources said last year that an estimated 7 billion dinars worth of forged 10,000 notes came into Iraq from Iran. Read more…

Parliaments integrity committee discusses with Minister of Finance, Governor of the CBI the issue of deletion of zeros and the proliferation of counterfeit currency

Wednesday, February 22, 2012 16:21

Parliaments integrity committee discusses with Minister of Finance, Governor of the CBI the issue of deletion of zeros and the proliferation of counterfeit currency Hosted the Parliamentary Integrity Commission today, Finance Minister Rafie al-Issawi and Central Bank Governor Sinan Shabibi and Chairman of the Integrity Agency Alaa al-Saadi, a number of investigators to discuss a number of important laws and decisions. “ A source within the Commission told all of Iraq [where] said Wednesday that “The discussions centered between the Integrity Commission and the Parliamentary Finance Minister and Central Bank Governor and Chairman of the Integrity Agency on the issue of deletion of zeros and prevent the introduction and spread of counterfeit currency.“ Read more…

CBI sales rise to $ 178 million

22/02/2012 14:36

World Bank: fiscal surplus of Iraq in 2011 with a $ 20 billion

22/02/2012 15:11

Baghdad, February 22 (Rn) – The World Bank said on Wednesday that the value of fiscal surplus in the budget for Iraq in 2011 past $ 20 billion, warned at the same time of the introduction of payment on credit. needs of Iraqi cities strongly to the funds to build infrastructure that devastated by years of war, sanctions and acts of violence, protesting citizens on an ongoing basis on the lack of basic services that could not successive Iraqi governments to provide them despite the passage of nearly nine years to overthrow the former regime.But the violence and corruption deprived Iraq of investments during the years of conflict that followed the fall of the former regime In the spring of 2003, while moving the rebuilding process slowly. Read more…

Central Bank: The Iraq war is being subjected to international economic

Why ataxia of the Iraqi dinar against the U.S. dollar?

Why ataxia of the Iraqi dinar against the U.S. dollar?

New Iraq GDP Growth Forecast from Central Bank

Posted on 21 February 2012.

Economic parliamentary: Remove zeros from the Iraqi currency end of next year

21/02/2012 12:27

Erbil, February 21 (Rn) – denied Decision Economic Committee in the Iraqi parliament, on Tuesday, told a House of Iraqis on the issuance of currency, a new Iraqi in the month of September next. The MP said the Kurdistan Alliance bloc, Mahma Khalil, told the Kurdish news agency (Rn ) that “the process of issuing new Iraqi currency will start at the end of 2013, where they will be removing three zeros and write in English, Arabic and Kurdish.” Khalil added that “the Economic Commission representative held up to now, several meetings with the Iraqi Central Bank Governor on the issuance of currency, a new Iraqi” . He explained that “the new currency will contain several categories, as a group of 50 fils, quarter of a dinar, half dinar, one dinar, five dinars 0.25 dinars, 50 dinars.” He pointed out that “the aim of this step and the issuance of new currency, is to raise the value of the dinar Iraq so that is equal to the value of the U.S. dollar. ” and stressed that equal the value of Iraqi dinar with the U.S. dollar, Read more…

CBI: [Denies] the news is true for the deletion of zeros from the currency in next May

CBI: [Denies] the news is true for the deletion of zeros from the currency in next May   Denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the central bank measures to remove zeros from the currency in the month of May next.   He said in a press statement that “what appeared in the media about the start of procedures to delete the zeros in the month of next May, is unfounded,” noting that such a move begins with the beginning of the new fiscal year and not in the middle of it.   Read more…

Economic Commission: procedures to reduce the high dollar

Economic Commission: procedures to reduce the high dollar   Committee announced that the economy and investment in the House that the vote on the budget will be next Thursday, while quoted the central bank’s determination to take strong action against banks and banking stores, which do not adhere to the dollar at an exchange rate which has witnessed a remarkable rise in the last period. A member of the Amer-Fayez said in a statement singled out by the (long) yesterday   “The parliament did not vote yesterday on the budget of 2012 to complete the lack of observations on the project submitted by the Ministry of Finance, and therefore took the decision to postpone the recognition of the session next Thursday in order to provide greater opportunity for action by the discussions.”   Read more…

New measures to maintain the value of Iraqi dinar

New measures to maintain the value of Iraqi dinar

Said the Iraqi Central Bank announced new measures to maintain the value of the Iraqi dinar against the dollar.   Said Central Bank Governor Sinan Shabibi »Sabah»: it is «given the high demand for the dollar has taken the Central Bank of new measures regulatory rather than a restrictive».   Assured Shabibi that «the monetary policy Iraq’s okay because there are up high which is called the cover of the currency, which gives us flexibility in dealing with monetary policy based on the study of the march of the economy, inflation and high prices as if prices rose significantly we will resort to tougher measures, but if increased the pace of price is less there will be other action ».   Read more…

Discussions on the mechanism of the deletion of zeros .. and central Iraq confirms exposure to war international economic

Discussions on the mechanism of the deletion of zeros .. and central Iraq confirms exposure to war international economic   BAGHDAD / follow-up to the East: Economic Commission discussed in the House of Representatives with the Central Bank Governor Sinan Shabibi mechanism to delete the zeros of the Iraqi currency.   Said Ahmed al-Alwani, Chairman of the Committee in a press conference in the parliament building: “The Central Bank is linked to the House of Representatives, a solid point according to the constitution,” saying the economic support of the Committee of the Central Bank in order to support the economic process, and maintain currency.   He added: “The central bank governor gave assurances to preserve the Iraqi dinar exchange rate, although there are some rumors that point to the existence of fake currency.” For his part, said Central Bank Governor Sinan Shabibi: “The Iraqi currency is controlled completely in accordance with the processes and mechanisms of bank Central. And that the deletion of zeros does not affect final on the Iraqi market, and fraud are very few.” Read more…

Economic support of the parliamentary proceedings emphasize the central bank exchange rate

Economic support of the parliamentary proceedings emphasize the central bank exchange rate announced the Economic Commission parliamentary, on Monday, its full support to action the Iraqi Central Bank for supporting the exchange rate of the dinar and the dollar selling in the auction, as well as planned on the removal of three zeros from the local currency, as he emphasized the central bank that monetary policy is controlled them completely and the presence of cover enough of the local currency, and expected increased dealing in Iraqi dinars, which necessitates the need to delete the zeros of it.   Committee Chairman Ahmed al-Alwani, in a press conference held today, attended by “Alsumaria News”, on the sidelines of the host committee for the Iraqi Central Bank Governor Sinan Shabibi, and his deputy, and a group of owners Advanced Bank of relevant auction dollar, the presence of a group of MPs interested in, “The Committee supports the controls and mechanisms adopted by the Central Bank to deal with the auction the dollar and to maintain the exchange rate of the dinar and Iraq’s wealth in hard currency, as well as planned on the removal of three zeros from the local currency . ”

Read more…

Shabibi: the Iraqi market and robust fraud in the currency does not unfounded

PUKmedia Laila Al Shammari / Baghdad 

02.20.2012 18:05:07

The Chairman of the Committee of Economy and investment representative, Ahmed Alwani during a joint press conference on Monday in Baghdad, in the presence of members of the committee and the Governor of Central Bank of Iraq and his deputy, had been discussing fiscal policy and the exchange rate of Iraqi dinar and the issue of rumors and propaganda promoted recently the existence of counterfeit currency are dealt with in the market Iraq.

 

For his part, the Iraqi Central Bank Governor Sinan Shabibi that the Iraqi market, one of the best markets and that such a solid front of violations, stressing that the fraud in the currency does not unfounded, noting that violations of currency fraud occurring in most countries of the world. Read more…

Removing zeros from Iraqi dinar, replace current banknotes with new ones to start in September

20/02/2012 10:15

Removing zeros from Iraqi dinar, replace current banknotes with new ones to start in September    BAGHDAD, Feb. 20 (AKnews) – The process of removing three zeros from the Iraqi dinar and replacing current banknotes with new ones will begin in September, announced the economic committee of the Council of Representatives as part of an agreement with the Iraqi Central Bank (ICB).   The announcement, which will see the ICB re-print 30tr dinars ($26bn), was made despite government fear over the project.   Economic committee member Abdul-Hussein Abtan said: “The agreement includes granting the process of switching currency [for a] full year where [both the] old and new currencies will be dealt in the market during this stage.” Read more…

Banks follow the procedures; CBI to reduce the counterfeit currency…Start the process of deleting the zeros in September next

Banks follow the procedures; CBI to reduce the counterfeit currency…Start the process of deleting the zeros in September next

Announced that the Economic Commission for parliamentary [in] agreement with the Central Bank of Iraq to begin the process of removing zeros from the local currency in September.   The central bank announced earlier that he is considering the requirements of the project to delete the zeros of the local currency with the Council of Ministers in terms of need process for the enactment of the organized or not.   A member of the Economic Commission Abdul-Hussein Abtan told the Kurdish news agency said that «the Economic Commission agreed with the Central Bank to begin the process of changing the local currency in September next».   He added that «the grant agreement to ensure the process of switching the currency for a full year that the two currencies are traded the old and new in the market during this phase».   And describes the CBI process of switching the currency national project in support of the economy in the country, Read more…

Iraqi Company for Bank Guarantees: The company exceeded the value of loans guaranteed by the private sector and strengthened

Date: Monday 20/02/2012 14:20

Baghdad (news) .. Announced that the Iraqi Company for Bank Guarantees for the deviations of the value of the total loans guaranteed by the company to (50) million.
said managing director of the Company Secretary Abdul Sattar Amin in a statement received by the Agency (news) a copy of it on Monday: The existence of the Iraqi Company for Bank Guarantees had laid the foundations of stability in the Iraqi private sector and easy to establish or expand hundreds of projects that are run by women (11%) of them.
He added that the $ (50) million dollars may not seem significant in the big financial community. Read more…

Central Bank: The Iraq war is being subjected to international economic .. And on the security response

Date: Monday 20/02/2012 13:14
Baghdad (news) .. Appealed to the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, the security authorities to tackle the gangs that are forged Iraqi currency being a phenomenon that threatens the Iraqi economy is in danger.

Saleh said (of the Agency news) said on Monday: You know who you are rigging the Iraqi currency, whether they are gang specialists to fraud or there points of an external government is implementing the process within the Iraqi territory.  Read more…

Trade Bank of Iraq denies the existence of complications in the issuance of documentary credits

20/02/2012 08:30

Erbil, February 20 (Rn) – denied the Trade Bank of Iraq, the presence of any complications in the procedures of issuing documentary credits in the bank. and was one of the local news agencies have published a story in the words of the Inspector General at the Ministry of Industry, indicates that there are complexities in the procedures of issuing documentary credits in Trade Bank of Iraq. said in a statement issued by the bank, the agency received the Kurdish news agency (Rn) a copy of quoting the Director-General and President of the Board of Directors Hamdiya Mahmoud dry as saying that “the Trade Bank of Iraq had issued in 

CBI dollar selling increases to 111 million dollars

CBI dollar selling increases to 111 million dollars
2/19/2012 5:15 PM

Economy

CBI dollar selling increases to 111 million dollars

BAGHDAD / Aswat al-Iraq : The dollar selling in the Central Bank of Iraq (CBI) auction today increased to 111 million dollars, compared to 89 million for the previous session.

Read more…