Posted 19/02/2012 08:05 AM

BAGHDAD – Babinaoz (Reuters) – announced that the Economic Committee in the House of Representatives, in an agreement with the Iraqi Central Bank to begin the process of removing zeros from the local currency in September.

The central bank had 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. Read more…

Palm – noted the deputy governor of the Central Bank of the appearance of Mohammed that the dinar foreign currency covered by more than (100%) and no fear upon the volatility of currencies of neighboring countries.

Saleh said in a press statement on Saturday: The dinar today has become a strong and like a hard currency thanks to the policy of the central bank in control of the cash raised in the local market, adding that the dinar covered in hard currency at a rate of more than (100%) This is a rare condition, and has a cash reserve large than for hard currency (60) billion dollars retained by the face of difficult circumstances that may occur in the country, giving the power of the dinar against foreign currency.

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Palm – considered the Central Bank of Iraq, Sunday, that the proportion of the Iraqi currency counterfeit normal compared to the rest of the states, and when he said that this percentage can be known through bank deposits has, pointed out that those currencies are entering the market from three sources.

The deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh during the Press Release: There are local currencies forged present in the Iraqi market, but by a very simple, and within the normal range, which are affected by all countries, indicating that this ratio can be known through bank deposits with the Central Bank. Read more…

Palm – said the deputy governor of the Central Bank of the appearance of Mohammed Saleh said that the bill included proposals for a new currency and the categories that bear and details of technical and economic.

Saleh pointed out during the permit media to change the currency and delete zeros decision of the executive and approved by the legislature, and that the project will not be implemented hastily, but will be taken among other factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators in the favor of the view that This law, if approved, will have a positive impact on the Iraqi currency in several aspects you need during the next phase, which will strengthen the value of the Iraqi currency. Read more…

Palm – The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of Iraqi dinar in the International Monetary Fund.

The chancellor said the Ministry of Finance Zia Alckheon that the survival of the existing currency to its current state would not address the question of the economic gap experienced by the Iraqi dinar as it will increase the burden on the local economy.

The International Monetary Fund expressed support for the Iraqi economy Read more…

Palm – The Iraqi Central Bank Governor Sinan Shabibi, on the composition of foreign reserves to support the value of Iraqi dinar stood at fifty billion dollars, noting that the Iraqi dinar is stable currencies in the region.

He explained in a speech during a session of parliament, that the CBI has sought Bmlake national and experience high to set monetary policy consistent and rational achieved financial stability in the country, pointing out that the only party in Iraq, which is unique in producing a public good directly to maintain the purchasing power of the Iraqi dinar. Read more…

Palm – called economic expert Sumaisem peace process to write the Iraqi Kurdish great addition to Arabic and English to be the (Iraqi currency) Currency only Arab blog in three languages.

Sumaisem said during a media statement: The introduction of the Kurdish language on the currency does not work on economic stagger the economy, but it is evidence that a federal Iraq, noting that the new Iraq has seen many developments, it must interact with them through progress.

Sumaisem showed that the replacement of the Iraqi currency will give the opportunity to enter the Kurdish language alongside Arabic and English, the Iraqi dinar currency will be the only Arab blog in three languages. Read more…

Palm – with Iraq sought to regain its economic as oil have an effect on the economies of the region, and to coincide with his efforts to get out from under Chapter VII once warned interested in economic affairs of the consequences of turning Iraq into an arena for laundering money for some neighboring countries, especially the money the drug trade and arms smuggling embezzlement and bribery as well as those used to finance terrorist operations.

Although the government denied the existence of money laundering operations in Iraq, but economists argue that a number of private banks and shops of the banking and companies operating in the financial sector play its role as a cover for money laundering Read more…

Palm – The Central Bank of Iraq adviser, on Sunday, that the Iraqi private banks and government are able to protect the funds of investment companies.

The appearance of Mohammed Saleh during a media statement that the government and private banks are able to protect the funds of investors and is working according to international regulations are difficult to penetrate or as documented financial manipulation.

The fear of the number of foreign companies from the investment business in Iraq because of loss of confidence in government and private banks, Read more…

Palm – Central Bank of Iraq, Tuesday, that he is about to finish the project raise three zeros from the currency, noting that the project is considered strategic, and submitted to the Council of Ministers and House of Representatives completed the event.

The central bank adviser said the appearance of Mohammed Saleh during the permit media that the project raise three zeros from the dinar is a strategic project and the Central Bank is in the process of finalizing the project, the idea of ​​theory into practice, and almost completed, and submitted to the Council of Ministers and House of Representatives. Read more…

Palm – saw the Iraqi List MP for the reproach that the periodic process of deleting the zeros of the Iraqi currency Stzll all economic difficulties, especially after the great inflation, taking place in the country.

The league said in a press statement today: that the announcement of the Iraqi Central Bank Governor for putting the final touches to the process of lifting of the zeroes from the currency is one of the things in support of the Iraqi economy and reduce inflation, currently exist. Read more…

Palm – Central Bank of Iraq predicted that the average Iraqi citizen income in 2016 to nine thousand dollars.

The central bank adviser said the appearance of Mohammed Saleh said that the average per capita income will reach after six years to nine thousand dollars a year, after that contribute to economic development activities in the development plan submitted as set by the government.

Saleh added that the average per capita income for the time being up to 4400 dollars, stressing that Iraq needs investment capital to be able to confront the problems that hinder the country’s economic deal. Read more…