Posts Tagged ‘Central Bank of Iraq’

Central Bank: the deletion of zeros existing project and we have given the green light for its implementation

Central Bank: the deletion of zeros existing project and we have given the green light for its implementation

03/03/2015 12:50

Awan / Baghdad
Governor of the Central Bank announced on the Keywords, on Tuesday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by regulatory and administrative operations.
Keywords and said in a press conference held at the bank building and attended by “time”, that “the project to delete the zeros is based has been put into practice and gave the green light to start with,” noting that Read more…

Central Bank denies stop auction currency and confirms continuation new mechanism

Central Bank denies stop auction currency and confirms continuation new mechanism

March 3, 2015 14:57

Ali Keywords
(Independent) … .nfy Governor of the Central Bank and the Agency on the Keywords, on Tuesday, news about the existence of a process to prevent the sale of the dollar and to stop work ERA currency, stressing that the Bank continues to sell the dollar did not stop but the new mechanism.

Keywords and said in a press conference held at the central bank and attended (Independent), said that “a lot of hard currency fled to Read more…

Parliamentary Finance hosts the Governor of the Central Bank and looking him Cancel zeros from currency

Parliamentary Finance hosts the Governor of the Central Bank and looking him Cancel zeros from currency

Monday, March 02 / March 2015 11:10

[Baghdad-where]

Parliamentary Finance Committee discussed on Monday with the central bank governor Ali Mohsen Keywords Cancel zeros from the currency.

Correspondent agency all of Iraq [where] that “the parliamentary Finance hosted a morning on the Keywords to discuss the issue of the Iraqi dinar and the abolition of zeros from the currency, as well Read more…

Deputy: $ 180 million a day escape from Iraq

Deputy: $ 180 million a day escape from Iraq

03/02/2015

Finance Committee revealed in the House of Representatives for smuggling 180 million Dollars a day from Iraq to some countries of dollar sales in the Central Bank.

A member of the committee MP Haitham al-Jubouri, in his interview with Radio Free Iraq that “the House of Representatives in the current year’s budget, select the amount of selling the dollar at the central bank auction of five and seventy million dollars a day,” he argued that “the central does not comply Read more…

As of today .. Central Bank eliminates the category of 50 dinars

As of today .. Central Bank eliminates the category of 50 dinars

01-03-2015 03:57 PM

Central Bank of Iraq announced the start replacing the coin 50 dinars as of this March after his decision to drag.

He added that the bank “Due to stop the public from trading cash paper category 50 dinars, he decided to withdraw this banknote trading based on the powers vested in Article 36 of the Bank Act No. 56 for the year 2004 “,” The banks and their branches will start replacing Read more…

CBI pulls smaller paper currency

CBI pulls smaller paper currency

01/03/2015

Iraqi Central Bank decided to smaller paper currency which is the withdrawal of 50 dinars value of trading after it no longer needed due to the low value and stop circulation, as well as the lack of acceptance in the banks. Said an official statement issued by the Central Bank that citizens can switch possession of Banknotes fifty dinars category in government banks.

In an interview with Radio Free Iraq, economic advisor to the prime minister the appearance of Mohammed Saleh pointed out that fifty-class dinars were printed after 2003, but Read more…

Central Bank pulls the coin 50 dinars class of trading

Central Bank pulls the coin 50 dinars class of trading

2/28/2015 0:00

BAGHDAD – morning,
the CBI has decided to withdraw a paper currency in circulation and prevent Alarac.waodh Bank said in a statement received “morning,” a copy of the bank decided to “pull the banknote category of 50 dinars from circulation,” he said, adding that this was due to stop the public from trading by On the basis of the authority vested in the Article 36 of the Central Bank Law No. 56 of 2004, adding, “The duration of the replacement category Read more…

Economist: Auction currencies on the central bank to “ATM” and stop a positive step

Economist: Auction currencies on the central bank to “ATM” and stop a positive step

Date: 02/27/2015 19:47

Information / special / ..
regarded economist Dr. Manaf jeweler, on Friday, to stop the auction sale of foreign currencies by the central bank is a positive step, indicating that the selling of currencies has transformed the bank to the ATM.
The jeweler told / information /, the “Stop Auction sale of foreign currencies, especially the dollar is a positive step by the bank’s board because he can not be Read more…

Experts: 50 dinars born “dead” .. and canceled due to fraud and the deletion of zeros

Experts: 50 dinars born “dead” .. and canceled due to fraud and the deletion of zeros

02/27/2015 (20:34)

Range / Amer Mohi

A source in the CBI revealed that the bank has decided to withdraw the currency of 50 dinars from circulation category because of fraud and conflict with other categories when deleting zeros from the currency, and while experts confirmed that the abolition of the small category guide to take prices upward trend, said the 50 dinars born “dead” because they are too small and can not be accepted compared to other groups.

The Central Bank of Iraq, the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to “low value and stop the audience from the circulation,” according Read more…

Parliamentary Finance: Work remittances system is designed to control the amount of money sent abroad

Parliamentary Finance: Work remittances system is designed to control the amount of money sent abroad

27/02/2015 01:26

Trend Press – special
Parliamentary Finance Committee revealed that the work of the Iraqi Central Bank remittance system and sell the currency is designed to control the amount of money sent abroad.
Said committee member Najiba Najib said in an interview for “direction Press” that the system preclude any party from exploiting the situation the current security of the country and to control the exchange rate a way that Read more…

Low foreign exchange reserves in Iraq to 68 billion dollars

Low foreign exchange reserves in Iraq to 68 billion dollars

FEB 26, 2015

BAGHDAD / Ibrahim Saleh / Anatolia:
Finance Minister Hoshiyar Zebari said on Thursday that the Iraqi Central Bank’s foreign exchange reserves fell to reach $ 68 billion is due to the financial crisis plaguing the country.
Iraq had recorded an increase in foreign exchange reserves over the past years, until it reached the end in 2013 to about $ 77.7 billion, according to the latest economic report of the year issued by the Central Bank of Iraq in 2013, which means it declined by about $ 9.7 billion, down 12.5%. Read more…

Central Bank announces the withdrawal of 50 dinars a class of trading

Central Bank announces the withdrawal of 50 dinars a class of trading

Thursday February 26, 2015 14:35

Alsumaria News / Baghdad
said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months. The bank said in a statement received ” Alsumaria News “, a copy of it, he was” given to stop the public from trading paper Cash category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004 “. The bank added that Read more…

Finance Minister: Iraq has squandered $ 18 billion and the government resorted to external borrowing

Finance Minister: Iraq has squandered $ 18 billion and the government resorted to external borrowing

Posted, 26-02-2015 07:06 PM

Approved the Finance Minister, Hoshyar Zebari, that Iraq has squandered $ 18 billion was in the Development Fund in 2013 as a result of mismanagement.
Zebari said in a press statement, seen by the (news) that: ‘Iraq has squandered what possessed of cash through face sharp decline in Oil prices, having had huge sums spent to cover Read more…

Central Bank confirms the continued sale of the dollar under the new mechanism

Central Bank starts the application of the new system of remittances and confirms the continued sale of the dollar under the new mechanism

25/02/2015 09:55

Conscious / Central Bank starts the application of the new system of remittances and confirms the continued sale of the dollar under the new mechanism
Conscious / Baghdad / m L
Iraqi Central Bank announced today the implementation of a new system of remittances and sell the currency.
According to a statement of the Central Bank received ( and the Iraqi News Agency Information / INA ) a copy of it, that “the new system adopted in remittances to the dollar over the Read more…

Consultant Abadi: a central bank in the sale of money orders to prevent money laundering

Consultant Abadi: a central bank in the sale of money orders to prevent money laundering

Wednesday, February 25, 2015 13:01

[Baghdad-where]

He attributed the appearance of Mohammed Saleh, adviser to Prime Minister Haider al-Abadi for Economic Affairs, a CBI limited auction for the sale of currency through remittances only to prevent any process of money laundering, trade and speculation. ”

Said Saleh told all of Iraq [where] that “currency auction at the Central Bank did not stop, but the mechanisms Ngiller became cover Read more…

Central Bank: start applying the new system of remittances and sell currency

Central Bank: start applying the new system of remittances and sell currency

Wednesday, February 25, 2015 13:03

[Baghdad-where]

Central Bank announced to start applying the new system of remittances and sell the currency.

According to a brief statement of the bank received by all of Iraq [where] a copy of which was “no truth to the news stop selling the dollar operations.”

He was placed source at the Central Bank of Iraq, said Read more…

The government resorted to internal loans to cover the deficit

The government resorted to internal loans to cover the deficit

25/02/2015

The Ministry of Finance, said the government will work to bridge the current year’s budget deficit through domestic borrowing, the liquidity of the central bank, Rafidain and Commercial Bank of Iraq.

The director of planning and financial management in the ministry, Hilal Taan, in his interview with Radio Free Iraq, that “these banks sufficient liquidity to meet the budget deficit, and to spare the Read more…

Economist: stop the currency auction will reflect negatively on the Iraqi dinar

Economist: stop the currency auction will reflect negatively on the Iraqi dinar

25/02/2015 08:35 GMT

BAGHDAD – and babysit – said economic expert on behalf of Jamil Antoine, the “Stop currency auction will reflect negatively on the Iraqi currency,” calling on the central bank to “inject large amounts of dollar to control the price and create a balance in the local market.”
Antoine said, that “to stop the auction currency came to relieve pressure on the Bank Lids for ICON ATMs and obscure his main task which is to maintain the transfer of funds and other operations in charge of the process.”

He stressed that the “rise of the dollar against the Iraqi dinar was Read more…

Central Bank starts the application of the new system of remittances and sell the currency and denies stopped selling the dollar

Central Bank starts the application of the new system of remittances and sell the currency and denies stopped selling the dollar operations

25/02/2015 09:34 GMT

BAGHDAD – and babysit – the central bank begins to apply the new system of remittances and sell the currency and denies stopped selling the dollar operations Read more…

Economic center demanding tighter controls on foreign exchange mechanisms and sell the dollar in Iraq

In order to prevent money laundering .. economic center demanding tighter controls on foreign exchange mechanisms and sell the dollar in Iraq

02.24.2015 9:24

{Baghdad: Euphrates News} student Economic Media Center Iraq, the Iraqi Central Bank, to tighten controls on foreign exchange operations in order to prevent money laundering and the monopoly of foreign remittances and speculators control the process.
The lion Muhammad Ali, chairman of the Economic Media Center in a press statement seen by the agency {Euphrates News} today that “dealers are used for more than ten years on the bank to adopt a reference to convert the currency and buy the dollar as a Read more…