Posts Tagged ‘Central Bank of Iraq’

Governor of the Central Bank:’re going to print the currencies of the big categories

Governor of the Central Bank:’re going to print the currencies of the big categories

21/05/2015 19:46

Tomorrow Press / BAGHDAD: The governor of the Iraqi Central Bank on the Keywords, Thursday, the central bank past the printing of large groups currencies, indicating that the aim of the project to support monetary policy. Keywords and said for “tomorrow Press,” that “the reason behind the desire of some people to deal in dollars instead of the dinar is the weakness of the Iraqi currency structure, although it from strong currencies because Read more…

Central Bank: Launch trillion dinars to banks and currency auction will reduce the volatility in the exchange rates

Central Bank: Launch trillion dinars to banks and currency auction will reduce the volatility in the exchange rates

Publishing Date: Thu, 21 May two thousand and fifteen 15:48:55

BAGHDAD – Today’s News

The central bank stressed that the decision to launch trillion dinars to the banks and the auction currency, the right step in the framework of control over dollar exchange rates and to maintain economic stability of the country, while noting that this decision is not an encroachment on the item 50 of the Budget Law pointed out that the stability of the exchange rate leads to the stability Read more…

Iraqi Dinar/US Dollar auction results 5-19, posted 5-20-15

Iraqi Dinar/US Dollar auction results 5-19, posted 5-20-15

Currency Auction Results Announcement No. (2953)

Opening Offers sale and purchase of foreign currency daily window nine hundred and fifty-three two thousand in the Iraqi Central Bank on Tuesday for a brief summary 05.19.2015 and the results were as follows: Read more…

Central decides to increase the share of dollar sales for banking companies and foreign transfers

Central decides to increase the share of dollar sales for banking companies and foreign transfers

05/20/2015 08:38 GMT

Follow-up – and babysit – Iraqi Central Bank decided to increase the share of dollar sales for banking companies and foreign transfers, pointing to put action to address the situation of some private banks and cash-strapped.
The bank said in a statement that he “decided by the Board of Directors’ Meeting of the Central Bank, on Tuesday, increasing the share of dollar sales Read more…

Iraq between its need for foreign banks and forcing it to escape procedures paid

Iraq between its need for foreign banks and forcing it to escape procedures paid

MAY 19, 2015

At a time when it decided the Iraqi Central Bank, in an unprecedented move, lending sector and civil government banks the amount of five billion dollars, the aim of the Department of Economic urgent that and enable advancement, tough measures imposed on branches of foreign banks to double their capital ten times from $ 7 million to 70 taken million dollars for each branch, and in an effort to Read more…

Central Bank: less than “60” thousand dollars to print paper categories of “50” and “100” thousand dinars

Central Bank: less than “60” thousand dollars to print paper categories of “50” and “100” thousand dinars

18:51 05/19/2015

Manager version in the Central Bank Ihsan al-Yasiri, said the Iraqi Central thousand prints paper of class 25 000 dinars in Arsn international companies at a cost of less than $ 60, noting that the bank will not spend significant financial liquidity for the printing of the new denominations because the cost of a few.
Yasiri He added that “the central bank is serious about printing new cash, which will be categories from 50 categories and 100 000 dinars, which is in the process of selecting designs and printer companies.”
He continued that Read more…

$5.1B loans to banks have been allocated by Central Bank of Iraq

$5.1B loans to banks have been allocated by Central Bank of Iraq

19 May 2015

Central Bank of Iraq has reportedly allocated $5.1 billion in loans for governmental and private banks throughout the crisis-hit country in a bid to keep a handle on inflation.
Central Bank general manager Ali Allaq told, “The central bank is accountable for monitoring possibilities before the emergence of Read more…

Parliamentary Finance condone violations of central bank dollar auction sale

Parliamentary Finance condone violations of central bank dollar auction sale

Posted, May 19, 2015 21:56

BAGHDAD / Baghdadi News / .. stressed the parliamentary finance committee member Rustam Masood Haider, on Monday, that the Commission preferred to turn a blind eyesight irregularities central bank to cross the limit to sell the dollar auction sale currency.
Said Rustam in an interview with / Baghdadi News /, that “there is a legal text developed by the Finance Committee in Article 50 of the Read more…

Central Bank decides to launch an amount trillion dinars for private banks

Central Bank decides to launch an amount trillion dinars for private banks

Tuesday, May 19, 2015 15:51

BAGHDAD / Baghdadi News / .. The central bank decided on Tuesday to launch an amount trillion dinars for private banks.
A statement of the Central Bank received / Baghdadi News / copy of it, that “the Board of Directors decided to increase the share of dollar sales for banking companies and foreign transfers, and reduce the time period for the implementation of foreign remittances.”
The statement added that Read more…

Experts call to finance the budget deficit by reducing the rate of the dinar

Experts call to finance the budget deficit by reducing the rate of the dinar

05/19/2015 (00:01 pm)

Baghdad / al-Suhail Ahmed

Called for an economist to reconsider monetary policy especially with regard to auction currency under the shadow of the current conditions of the different dollar exchange rates, the fixed exchange rate under the auction price parallel exchange market, and while noting the weakness of the regulatory agencies in the follow-up dollar sales and punctuated of money laundering and smuggling, he noted that one of the available solutions is to reduce the rate of the Iraqi dinar against the dollar.

The economist said Read more…

Citizens are afraid to enter large cash categories and experts they consider a new achievement

Citizens are afraid to enter large cash categories and experts they consider a new achievement

05/19/2015

Dinars / Abbas Al passengers /..rpma Iraqi government’s progress in some cases, the steps have not only benefited a class or a specific segment of Iraqi society, while the ordinary citizen is affected first and last of those steps that Ataud benefit him.
Iraqi street was trading days since the news that the Ministry of Finance, represented by the Central Bank will issue a new currency from the category of “50” thousand dinars and then followed after issuing another currency of a larger category of a “100” thousand Iraqi dinars.
The moves Read more…

Iraqi Dinar/US Dollar auction results 5-17, posted 5-18-2015

Iraqi Dinar/US Dollar auction results 5-17, posted 5-18-2015

Currency Auction Results Announcement No. (2951)

Opening Offers sale and purchase of foreign currency and one of the daily nine hundred and fifty two thousand window at the Central Bank of Iraq on Sunday, the day on 17.05.2015 and the results were as follows: Read more…

Abadi adviser: deletion of zeros from the currency undesirable currently support big currency issue

Abadi adviser: deletion of zeros from the currency undesirable currently support big currency issue

05/18/2015 10:56

Tomorrow Press / Baghdad confirmed an economic advisor to the prime minister appearance of Mohammed Saleh, Monday, that the deletion of zeros from the currency is desirable, noting that large currency issuing the current time is normal and helps to raise the efficiency of the payments system and shorten the traded quantity. Saleh said for “tomorrow Press” , “The advent of the central bank to issue a large coin natural step unrelated to the economic conditions experienced by the country,” pointing out that Read more…

Print large currency to strengthen the Iraqi dinar

Print large currency to strengthen the Iraqi dinar

05/18/2015

Parliamentary Finance Committee announced, Monday, that the central bank in the process of strengthening of the dinar by printing large local financial currencies. Said committee member Majda al-Tamimi, “that” the reasons for the weakness of the Iraqi dinar against the dollar due to the size of the money supply and the difference great price, “pointing out that” the past years there was a project to strengthen the dinar and repaired by deleting three zeros from the Iraqi currency but has been postponed. “She explained Read more…

Finance: government bears the responsibility to raise the dollar because of the fees imposed on merchants

Parliamentary Finance: government bears the responsibility to raise the dollar because of the fees imposed on merchants

May 17, 2015 9:41

The parliamentary finance committee carried, government has a responsibility to raise the dollar’s exchange rate against the dinar because of the fees imposed on remittance traders by 8%, while the likely stability of the dollar exchange rate at 1300 dinars to the dollar.

A member of the committee MP Jabbar al-Abadi told I followed news agency Buratha today that “the Central Bank is in charge of Read more…

Central: Print thousand paper of class 25 000 dinars at a cost not to exceed US $ 60

Central: Print thousand paper of class 25 000 dinars at a cost not to exceed US $ 60

Sunday, May 17, 2015 16:55

BAGHDAD / Baghdadi News / .. revealed the Central Bank of Iraq, on Sunday, for the cost of coins to the category of 25 000 dinars, noting that the cost of printing and paper thousand of which does not exceed the (60) dollars.
The director of the version in the bank Ahsan Yasiri in a statement received / Baghdadi News /, a copy of the Iraqi “central prints thousand paper of class 25 000 dinars Read more…

Banking companies claim not to exploit the economic situation to win

Banking companies claim not to exploit the economic situation to win

5/17/2015 0:00

BAGHDAD – Mustafa al-Hashimi
called for economic researcher Maha Ihsan thanked banking companies and financial conversion to show more humanity towards the public and not to exploit the situation which is going through the country and profit from the crisis when the sale of hard currency.
She thanked in a statement the “morning” that a number of owners of banking companies Financial and conversion were exploiting the Read more…

CBI calls for the application of international accounting standards

CBI calls for the application of international accounting standards

Saturday 16 May 2015

The CBI called on the Iraqi banks to the need to apply international accounting standards, while a number of specialists criticized the delay in its application.

The governor of the Central Bank on the Keywords, in a word, Cast during the seminar the application of international accounting standards, which was attended by a reporter “Qurtas News”, “The opening up of Iraq on the global market and the evolution of his Read more…

Central bank: our sales to banks up to the tenth of May amounted to more than $ 11 billion

Central bank: our sales to banks up to the tenth of May amounted to more than $ 11 billion

16/05/2015 10:09 GMT

Follow-up – and babysit – Central Bank of Iraq announced that sales of banks amounted to more than $ 11 billion up to the tenth of May current.
The bank said in a statement received by the news agency public opinion (and babysit) announced today that “sales of the dollar banks reached since the beginning of this year and up to Read more…

Views on ways to absorb the large money supply

Views on ways to absorb the large money supply

05/14/2015

The views of specialists in the affairs of finance and economy on absorb the large money supply, as these found that the process of deletion of zeros is currently viable, while others called for the issuance of Banknotes large categories.

The prime minister for economic affairs adviser appearance of Mohammed Saleh Iraq need to print cash categories of 50 000 dinars and 100 thousand dinars, in order to Read more…