Posts Tagged ‘Central Bank of Iraq’

Parliamentary Finance Committee: Increase the points of sale of foreign currency value of the dinar patches

Parliamentary Finance Committee: Increase the points of sale of foreign currency value of the dinar patches

Babylonian News / Baghdad
Friday, 25/5/2012
Said the Finance Committee representative that its proposal submitted to the Central Bank of Iraq on increasing the number of agencies responsible for the sale of foreign exchange (banks, Rafidain and Rasheed), which was applied during the last few days, contributed to raise the value of the Iraqi dinar against the U.S. dollar.
and approved the Central Bank of Iraq earlier in the presence of defect in the Iraqi dinar exchange rate, and Read more…

Increase in Iraqi dinar value is due to central bank’s regulatory procedures, says parliamentary committee

BAGHDAD, May 24 (AKnews) – The Iraqi parliament’s finance committee stated yesterday that applying its proposal submitted to the Central Bank of Iraq (ICB) about increasing the number of agencies responsible for the sale of hard currency has contributed to raising the value of the Iraqi dinar against the US dollar. The presence of Rafidain and Rasheed banks has increased the number of agencies responsible for the sale of hard currency.

Finance committee member Hadi Amin said: “This action contributed to raising the value of the Iraqi dinar against the dollar and the central bank will keep, in its procedures, the stability of this state.” Read more…

CBI: It is not our duty to prosecute traders and smugglers

BAGHDAD / Baghdadiya News / .. I consider Central Bank of Iraq, Wednesday, mechanisms for the prosecution and the arrival of the goods until the final users, they fall outside the scope of his powers.

The central bank said in a statement and received / Baghdadiya News / copy of it, that “the auction of hard currency which is conducted by the Bank became funded many operations, import,” noting that “Auction currency is a tool of monetary policy the central bank to achieve the principles and fundamentals of the policy and objects of multiple”. Read more…

Iraq: the high value of the dinar against the dollar after the regulatory action

Iraq: the high value of the dinar against the dollar after the regulatory action

23/05/2012 16:06

Baghdad, May 23 / ​​May (Rn) – The Finance Committee representative on Wednesday that its proposal submitted to the Central Bank of Iraq on increasing the number of agencies responsible for the sale of hard currency (bank Rafidain and Rasheed) which was applied during the last few days has contributed to raise the value of the Iraqi dinar against the U.S. dollar . and approved the Central Bank of Iraq earlier in the presence of an imbalance in the Iraqi dinar exchange rate and confirmed his quest to unify the exchange rate between him and the Read more…

The central bank sold dollars to the citizens for the purpose of reducing its price

05/21/2012   05:18 pm

BAGHDAD / electronic integrity

Central Bank of Iraq on Monday for the conduct of the Rafidain and Rasheed to sell the dollar for the citizens at 1189 Iraqi dinars.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh said in a statement it had received “e-righteousness” that this step aims to benefit citizens directly from the exchange away from the monopoly exercised by the other. Read more…

Central Bank denies the existence of money laundering

On: Wednesday 23/5/2012 6:10

 Baghdad / range 
denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, a money laundering and that dealing with banks is according to the law, pointing out that the sale of more than three billion dollars in the month of April last is normal. 
said in favor of “Twilight News” The rate of sales If the month of April were more than three billion dollars, it may take a moderate level of rates compared to last year, adding that the situation this year is different from the past in relation to the terms and conditions set by the Central Bank of Iraqi traders to buy foreign currency. “

Saleh added that the sale of more than three billion dollars in the envelope of Read more…

Central Bank announces increase the base annual inflation in April to 6.7%

Tuesday 22 May 2012

Sumerian News / Baghdad Central Bank of Iraq, Tuesday, about rising inflation annual basis for the month of April, to 6.7 per cent, as pointed out that the housing sector and fluctuations in the exchange rate has an impact on raising the rate of inflation, he stressed that this increase is still “not worrying . ” said Deputy Governor of the Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, “annual inflation basis rose in the month of April, to 6.7% compared with the annual inflation basis for the month of March, who scored 6.2%, up by 1.0%.”Saleh added “There are two important factors impact on raising inflation in Iraq are the housing sector due to rising rents housing and electricity, in addition to the fluctuations that occurred in the exchange rate of the Iraqi dinar in recent times.” Saleh pointed out that Read more…

Mechanism for the inclusion of all the provinces of the Central Bank auction

05/22/2012 0:00

Central Bank of Iraq authorizes the Rafidain and Rasheed to sell the dollar

Monday, May 21, 2012 12:59

BAGHDAD / Baghdadiya News / .. After studies lasted for more than a year the Central Bank decided to give up part of his duties relating to the sale of foreign currencies

Auction currency in Central Bank of Iraq

On: Sun 20/05/2012 6:07

 Mahdi Rahim 
increased rumors and talk about fluctuating policies of the Iraqi Central Bank in recent times and particularly with regard to the work (Commission auction currency) The keenness of the Bank and the governor for the safety of this committee during certain procedures such as changing the composition of the Committee and the dimensions of his staff on the activity and the competence of this committee because of what was attributed them of improper procedures.

The bank is by trying to remove suspicions about the activity of the Commission complained of refuge to issue instructions is studied in adequate and comprehensive, which led to modify the instructions of sequential suffix and not integrated as well, which causes the instability of the Read more…

Experts (range): the decision of the central bank to raise capital, the banks behind the decline of the stock market

On: Sun 20/05/2012 6:14

 Baghdad / Qais sticks 
The head of the Securities Commission Abdul Razzaq al-Saadi reasons Enkhavd general index of the Iraq market for securities by nature too. 
 said Saadi (range): The reasons for this decline is the result of investors awaited all budget companies and outcome of the election of those companies where it recommends the investor the importance of choosing investment locations Through the control of those companies and study its present and future, stressing that this case healthy and very normal, indicating that this case stand out annually since 1992 and so far, and get decline usually at the end of each year. said Saadi: The second reason is the fluctuation of the value of Iraqi dinar against the dollar, making the Some owners of the funds traded in the money in Read more…

Iraq to cut off dinar zeros by January 2013

Iraqi Parliament Finance Committee revealed, on Tuesday, that cutting zeros off Iraqi dinar and its redenomination will be taking place in January 2013 adding that printing the new currency will start as of September 2012.

Central banks accused of fraud in the proportion of profits in hard currency

17-05-2012 11:55 AM

Member of the economy excludes the application of the deletion of zeros next year and confirms the need to legislate a special law

Date: Thursday, 17.05.2012 8:41

Baghdad (news) .. Ruled out a member of the Committee of Economy and Investment MP / coalition in Iraq / Qusay Juma, the implementation of the project to delete the three zeroes from the currency at the beginning of next year, stressing that he needs to be approved by the Iraqi authorities through legislation law. 
Juma said (of the Agency news) said on Thursday that the project delete the three zeroes from the Iraqi dinar currency requires sufficient time to apply and can not be implemented shortly, because it includes the deletion of zeros and change the form of currency, not only with Read more…

Delete and replace the zeros of the Iraqi currency early 2013

Main points:

• Various categories of new currency will begin to be printed in September 2012
• New currency will be issued in January 2013
• Iraqi Dinars held currently will be pulled off market completely by mid-2014, approximately 1 year from new currency being issued
• Authorities believe new currency will create stability economically and reduce dollarization (hard currency) Read more…

Central Bank calls for the formation of a joint coordination committee to resolve the problem of deletion of zeros

05/15/2012

BAGHDAD / JD / .. called on the Iraqi Central Bank to set up a joint coordination committee of the parliament and the government to resolve the issue of the project to delete the zeros of the Iraqi dinar currency. The deputy governor of Bank of the appearance of Mohammed to the reporter and the agency / JD / delete the zeros that the draft project is a radical change includes modification of accounting systems for all aspects of the state and is not easy. He added that the main problem in the delay of the project lies in the fear of many officials of the project, noting that Read more…

Economic Commission in Karbala, 10 offices based banking to convert currency

14/05/2012
Karbala / JD / .. Announced the local government in Karbala inventory vacations banking offices and currency exchange offices only ten, and controls according to the CBI. The head of the Economic Committee in the province of Karbala Tariq Kikhany in a statement to the reporter / agency JD / Monday, “Decides to establish the leave granted to the offices of banking and currency converter leaves only ten.” Noting, “will be granted leave to controls the Central Bank of Iraq.” He added, “The decision to limit vacations to reduce fraud and smuggling currency that spread recently.” He explained, Read more…

Parliamentary Finance: Delete and replace the zeros of the Iraqi dinar currency early 2013

Tuesday 15 May 2012

Sumerian News / Baghdad revealed the Finance Committee of parliament Tuesday, that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September. A member of the Finance Committee Haitham Jubouri in an interview for “Alsumaria News “that” the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency, “adding that” as of next September 2012, will be the direct printing of new Read more…

CBI calls for the formation of a joint coordination committee to resolve the problem of deletion of zeros

05/15/2012

CNH: BAGHDAD / .. called on the Iraqi Central Bank to set up a joint coordination committee of the parliament and the government to resolve the issue of the project to delete the zeros of the Iraqi dinar currency.

The deputy governor of Bank of the appearance of Mohammed to the reporter and the agency / JD / delete the zeros that the draft project is a radical change includes modification of accounting systems for all aspects of the state and is not easy. Read more…

Economic committee denies any GOI intervention other than its request to postpone deletion of zeros

Economic Parliamentary exclude the existence of government intervention policy of “central” patient request “delete the zeros”

BAGHDAD / Baghdadiya News / .. Parliamentary Economic Commission ruled that there is political interference policy of the Central Bank of Iraq and beyond Government’s request to wait to delete the zeros in the project, considering it a requirement of the requirements phase through which the economic reality in Iraq.

A member of the Economic Commission Mahma Khalil L / Baghdadiya News / “ruled out that there is government intervention in the policy of Central Bank of Iraq after its demand to slow down in the project to delete the zeros as much as to be a requirement of the requirements phase through which the economic reality in Iraq,” in particular there is a “higher large exchange rate of the dollar against the Iraqi dinar. “ Read more…