Posts Tagged ‘CBI’

The Central Bank underlines the need to extend the custody of the Iraqi funds for an additional year

14/04/2012 15:02

Baghdad, April 14 / April (Rn) – The Central Bank of Iraq on Saturday, Iraq’s need to extend the trusteeship U.S. on Iraqi funds. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Iraqi funds needed to extend the agreement with Washington for a year extra to provide protection of the crisis of its trade creditors counterfeiters. ” The White House had decided in June of last year to impose custody of Iraqi funds at the request of… Read more…

The parliamentary economic: Central Bank of the financially and administratively independent and can not be its association with the Council of Ministers

On: Friday 4/13/2012 9:36

Baghdad (news) .. A member of the Economic Commission parliamentary MP / National Alliance / Abdul-Abbas, broadly, that the Iraqi constitution granting the central bank full independence and no right to one of intervention in its affairs 
, noting that the Constitution gives the right of coordination between the government and the central bank, not government control complete it. 
said Xiaa ( Agency news): The Central Bank is an independent body financially and administratively nor can any other party to put under its control as stipulated by the Central Bank Law No. (66) for… Read more…

Iraq calls for free to the formation of parliamentary committees to investigate and administrative violations in the Central Bank

On: Friday 13/04/2012 13:44

Baghdad (news) .. called / Iraqi bloc of free / to the formation of a parliamentary committee and other administrative investigation into the allegations for violations in the work of the CBI. 
said mass in a statement on Friday received the Agency (news) copy of it: that what you are talking about Some of the Parties on the existence of violations in the work of the Central Bank recently, particularly with regard to landing the value of Iraqi dinar against the dollar, require verified through the formation of… Read more…

Najafi meet Shabibi and assures him of the independence of the Central Bank of Iraq away from the tutelage of the government

Posted 10/04/2012 01:01 PM

BAGHDAD – “squares of liberation” by Alaa al-Janabi

Deputy central bank governor denies the government’s accusations that the auction and the reasons behind the low exchange rate of the dinar

Thursday, April 12 / April 2012 19:12

Baghdad {: News} Euphrates denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh accused adviser to Prime Minister Mohammed Fadhil of the Central Bank that the auction procedures to sell the dollar is the reason for the low exchange rate of the Iraqi dinar.

He was an adviser to Prime Minister Fadel Muhammad accused the central bank Penh reason for the decline in the Iraqi dinar exchange rate against the U.S. dollar tractor auction procedures followed by the central bank to sell foreign currency.

Saw the Iraqi dinar… Read more…

Financial exploitation warn of cash reserves for development projects

Date: Thursday, 04.12.2012 9:07

 Baghdad / Ahmed Abed Rabbo 
warned a number of financial experts of the consequences of the exploitation of reserves in the Central Bank, which is estimated at 60 billion dollars by the government to economic development projects, pointing out that it is a cover of the local currency.

And saw the local market rose slightly in the exchange rate of the dollar against the dinar, called economic expert Bassem Jamil Anton to keep these balances at the central bank as a cover for… Read more…

Cabinet denies the request of the Government to link the Central Bank by

Thursday April 12, 2012

–denied the Iraqi Council of Ministers, on Thursday, that there is a demand from the government by linking the central bank.

The Secretary-General of the Council of Ministers on the Keywords in a statement issued today, and received, and public opinion news agency copy of “The Iraqi government did not ask the Council to link the central bank, or even trying to undermine its independence.”

The head of the Iraqi Council of Representatives Osama Najafi said, … Read more…

Suction dollar

04/12/2012 1:16

Mohammed Abdul-Jabbar carp 
 while continuing to price the U.S. dollar rise against the dinar, is escalating the dispute between the legislature and the executive branch about the powers and area of the Central Bank. 
does not seem to timing differences appropriate, especially if you moved from department purely technical to the political department, and became part of the list of differences between the various political blocs, it seems, in everything! 
issue price of the dollar being the form in which it is now of serious and … Read more…

Central: rise of the dollar will not last .. And actions taken enough to Bkhvdah

04/12/2012 1:46

The center of his claim to take more effective measures 
Baghdad – Haider Filaih spring 
with experienced local market made ​​notable gains in commodity prices and various materials by the high price of the dollar, the central bank said it was taking firm action he said was enough to revive the reality of the dinar and reduce the prices of the dollar, which rose in a clear and significant during the past few days, in the meantime has escalated calls for urgent action and immediate action to reduce the prices of the dollar, and… Read more…

Parliamentary Economic Commission demanding the central bank to halt decline in the Iraqi dinar against the dollar

Posted 07/04/2012 06:33 AM

BAGHDAD – “squares of liberation”

Maliki decided to inflict the CBI office personal and Najafi asked to stop the violation of independent institutions

Posted 07/04/2012 12:03 PM

BAGHDAD – “squares of liberation”
after the authorization granted by the Federal Court of Prime Minister Nuri al-Maliki’s control over the independent institutions and attached to his office PC, Head of the House of Representatives Osama Najafi for a letter to al-Maliki about the fate of the Central Bank. 
quoted ” Euphrates News, “a source as saying that” the Najafi said during a session of the House of Representatives today for a message sent by him to Prime Minister Nuri al-Maliki urging him not to interfere in the matters of the Central Bank and the statement of the functions and… Read more…

Economic Parliamentary dinar will recover against the U.S. dollar

07/04/2012 11:38

Baghdad, “Iraq’s gate,” Mohammed Sharif

Economic Commission affirmed the decision in the House of Representatives, said on Saturday that “the dinar will recover against the U.S. dollar across a range of measures to be taken.

He said Mahma Khelil told state television the Iraqi response to a question about the likelihood of the survival rate of the dinar to what it is now in front of the U.S. dollar, that “the dinar will recover against the U.S. dollar across a range of measures to be taken by the Iraqi government and by the Central Bank of Iraq as the highest monetary authority “.

He pointed out… Read more…

Expert: the time is perfect for the deletion of zeros from the currency of the instability of political situation

On: Saturday 07/04/2012 13:32

Baghdad (news) .. Warned the economic analyst Ibrahim al-Mashhadani, the implementation of the project to delete the three zeroes from the Iraqi currency early next year, being an important project needs to be political and economic stability over the country when applied. 
Mashhadani said (of the Agency news) on Saturday: The time set by the central bank to implement the project delete the three zeroes from the Iraqi currency and due early next year is not ideal and needs to reconsider it, because… Read more…

Conflict between the legislative and executive control of the Iraqi Central Bank

On: Friday 06/04/2012 17:45

Baghdad / citizen 
at the time warned the Iraqi Council of Ministers of the Central Bank of Iraq of the consequences of the adoption of any tasks related to monetary policy without his consent, return of the Iraqi parliament these claims violations that can not be tolerated, especially since the Constitution gave the central independent authority under the supervision and control of the legislature without other.(citizen) got the official letter issued by the General Secretariat of the Iraqi Council of Ministers with the number s / 02/01/26 at 15/3, which is directed to the Iraqi Central Bank which stated,… Read more…

Member of Finance Committee: lack of central bank sales of the dollar led to the low exchange rate of the dinar

On: Friday 06/04/2012 12:00

Baghdad (news) .. ills member of the Finance Committee in Parliament MP from / National Alliance / Abdul-Hussein al-Yasiri reasons for the low exchange rate of the Iraqi dinar against the U.S. dollar to the lack of central bank sales of the dollar in the auction, although there is high demand on the buy. 
Yasiri said (of the Agency news news) Friday: The currency is a commodity and the applicable law “Ditamikih supply and demand,” ie the greater the demand for the purchase will increase its price and… Read more…

Deleting 3 zeroes from the Iraqi dinar will cost CBI $150 million

Date: Monday 03/26/2012

UAE’s Al Ittihad newspaper Monday, 26/3/2012 official sources within the Central Bank of Iraq that the draft deleted three zeros from the Iraqi dinar and actually began the process of replacement will cost the state budget the amount of 172 billion dinars (150 million dollars), and the budget next year will be the new dinar will «Central» to raise its value gradually against the dollar down to be…. Read more…

Central banks, financial and agree to resolve problematic Warka Bank

Saturday, March 24, 2012 07:03

BAGHDAD / Baghdadiya News / Sources close to the Central Bank and the Ministry of Finance’s efforts to resolve a problematic custody of the Warka Bank by providing financial support to him, and between the Executive Director

Central Finance and agree to resolve the problematic Warka Bank

Friday, March 23, 2012 15:40

BAGHDAD / Baghdadiya News / .. with sources close to the Central Bank and the Ministry of Finance of the existence of efforts to resolve the problematic custody of the Warka Bank by providing financial support, between the Executive Director of the Association of Banks Abdul Aziz al-Hassoun of the central bank told us officially preparing for.. Read more…

Crude Oil Reserves ‘Expected to Double’

Posted on 17 March 2012.
The Oil Ministry expects that Iraq’s crude oil reserves will double, the ministry’s official spokesman said on Wednesday.

Economist: delete the zeros will lead to re-structure and currency composition

17/03/2012
Mosul – Walid money is brought to the Centre of Regional Studies at the University of Mosul during a panel discussion on the future light of the national currency of Iraq and its role in the development of the Iraqi economy. And saw a researcher at the School of Management and Economics at the University of Mosul, Dr Hashim Aercop that the process of changing the currency can achieve goals positive, considering it an important step to reform the monetary and Read more…