Posts Tagged ‘Central Bank of Iraq’

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

Monday, May 14, 2012 13:00

BAGHDAD / Baghdadiya News / .. Parliamentary Economic Commission ruled that there is political interference policy of the Central Bank of Iraq and beyond.

Economy and investment parliamentary accused of neglecting the parliament “failures” of the Central Bank

Monday, 14 May 2012

Sumerian News / Baghdad 
accused the committee of economy and investment Parliament, on Monday, the House of Representatives of neglecting its oversight role at the “failures” Central Bank of Iraq, while regarded it as destructive to the economy of the country, he stressed that it made ​​the government an embarrassing dealing with foreign companies, especially that the budget approved in dinars.   A member of the Committee Aziz Sharif Mayahi in a statement issued today and received “Alsumaria News”, a copy of “neglect of the House of Representatives oversight role in the follow-up to Read more…

MPs call for the establishment of bank shareholder between the public and private

Date: Monday 14/5/2012 6:48

 Baghdad / range 
called on lawmakers to establish an Iraqi bank to contribute to the public and private sectors, stressing the importance of developing the banking system, which is the basis of the investment process in the country. 
witnessing the banking system branches of government and private confusion and a clear result of the absence of technology of modern banking and programs educate citizens, making his limited the issuance of letters and bid farewell to the funds.

A member of the Economic Commission Abdul-Abbas broadly according to the Agency (news): The banking sector needs banking systems a modern fit with Read more…

Central: Development of the Warka Bank is settled

05/13/2012 0:00

Private banks to confirm the success of their performance and central reservations

13.05.2012

Confirmed the association of private banks, Iraqi private banking sector, clear progress in terms of Aladaúan banking and investment since the beginning of last year 2011 to the present day. In an interview with Radio Free Iraq, the President of the Association Abdul Aziz Hassoun how the “entry of private banks track the financing of tens of thousands of investment projects of small and middle-income-producing as well as funding and support of businessmen and contractors working within development projects, large government has Read more…

CBI: the Committee on Trusteeship will pay depositors Warka Bank

CBI: the Committee on Trusteeship will pay depositors Warka Bank

13/05/2012 10:32

Baghdad, May 13 (Rn) – The Central Bank of Iraq, Sunday, The Committee on Trusteeship, which commissioned the study and the liquidation of the assets of the Warka Bank Ahli, who suffered a severe financial crisis is seeking as a first stage to pay depositors the bank over the assets of the bank as he emphasized that the Sergeant Financial is still studying up to now assets of the bank in order to raise the final report developed by the Central Bank. and decided Central Bank of Iraq beginning of March last to develop and Read more…

Salem al-Bayati, reveals four solutions to raise the exchange rate of the Iraqi dinar against the dollar

Salem al-Bayati, reveals four solutions to raise the exchange rate of the Iraqi dinar against the dollar 

13-05-2012 | (Voice of Iraq) – Baghdad (news)

Revealed an economist Salim al-Bayati, on the government’s intention to take new measures will take place during the next two months to raise the Iraqi dinar exchange rate against the dollar, indicating that the absence of oil policy was the most important factors of the high price of the U.S. dollar.

Bayati said (of the Agency news) said on Sunday: The government will take four steps to raise the Iraqi dinar exchange rate against the dollar, where the Read more…

Shabibi / a JD /: a slight decline in demand for the dollar

05/12/2012
BAGHDAD / JD / .. Central Bank of Iraq revealed a slight decrease in the demand for hard currency. The governor of the Bank’s Shabibi / JD / “The demand for hard currency fell slightly after the adoption of new procedures to reduce the fluctuation of the dollar against the Iraqi dinar.” Shabibi noted “that the bank released the hard currency and freely available to customers within the guidelines.” The Governor of the Central Bank, “The new procedures through which the bank is trying to prevent money laundering.” The parliamentary finance committee confirmed earlier that the central bank put severe restrictions on the sale of foreign exchange and requires that the buyer of the dollar has a bank account and leave import and lists of commercial tax in addition to settling accounts. A member of the Committee and MP for the Liberal bloc Majida al-Tamimi’s / JD / “The meeting between the Finance Committee today with the Governor of the Central Bank and some representatives from the bank and gave reasons for the high price of the dollar against the Iraqi dinar.” She said Read more…

Banking expert: Iraqi banks operate in a traditional

05/12/2012

Banking expert said: The Iraqi banking sector reflects the economic chaos in the country floating through the exercise of his work has traditionally been far from the technological development of modern banking and most of you are working with global banks .

The expert: the number of Iraqi banks that use electronic devices in the process of payment of salaries or transfer of funds of State very little, indicating that the process of converting the money to Iraqi banks directly is still the process is organized and often carried out through other banks in the region such as Read more…

Project to delete the zeros will be launched in January

Project to delete the zeros will be launched in January

11/05/2012 11:58

Baghdad, May 11 / May (Rn) – The Iraqi Central Bank Governor Friday high reserve bank cash of $ 50 billion to 60 billion dollars, indicating that the process of deleting the zeroes will begin early next year. said Central Bank Governor Sinan Shabibi told the Kurdish news agency (Rn ) that “the reserves of Iraq cash rose to $ 60 billion after it was last year’s $ 50 billion.” He explained that “the central bank seeks through cash reserves to shore up confidence in local currency and increases the stability and regulates financial dealings in Iraq.” Regarding the project to delete the zeros said Shabibi that “the project to delete the zeros will be launched in Read more…

Member of Finance Committee: Procedure for sale of foreign currency the central bank to the interests of the Iraqi dinar Atsb

On: Friday 05/11/2012 11:13

Baghdad (news) .. Criticize a member of the Finance Committee in Parliament MP from / National Alliance / Amin Abbas, the measures taken by the Central Bank adopted for the sale of hard currency because it ascertains the balance between the Iraqi dinar and the U.S. dollar, through the presentation of quantities in the local market. 
The central bank took measures are complex and deliberate before in the process of selling the hard currency of the auction, where the condition of submission of import license and bank account and tax accounting for Read more…

CBI acknowledges the existence of an imbalance in the exchange rate and the deterioration of the value of the dinar denies

CBI acknowledges the existence of an imbalance in the exchange rate and the deterioration of the value of the dinar denies

11/05/2012 13:55

Baghdad, May 11 / May (Rn) – approved the Central Bank of Iraq Friday the existence of an imbalance in the Iraqi dinar exchange rate, confirming his quest to unify the exchange rate between him and the local markets, denying at the same time, any deterioration of the value of Iraqi dinar. The central bank was accused last week of four countries the “conspiracy” to hit the financial economy of Iraq to empty its market of its financial strength, indicating that the corridors of free trade in Iraq is becoming the means adopted to hit the economy. saw the price of the dollar relative to local currency increased during the last few days, which he Read more…

Independence of the central bank and international reserves and the general budget in Iraq

Independence of the central bank and international reserves and the general budget in Iraq

On: Tuesday 08/05/2012 19:22

Part III and final
Dr. Ali Mirza Fifth: Accumulated surplus of the general budget

A. I have taken the issue of estimating the balance of the budget surplus accumulated in Iraq stepped grants depends on the evidence from secondary sources or indirect, rather than on the official primary sources. At this time can be had for the Ministry of Finance published official figures on the surplus / deficit annual actual (not just planned in the annual budgets) and the addendum to draw from the balance of the surplus accumulated at the end of each year, the service of transparency, which will allow for those interested in evaluation and Read more…

The spread of counterfeit currency exchange and the inability of security for risk reduction

The spread of counterfeit currency exchange and the inability of security for risk reduction

On: Friday 5/11/2012 6:19

BAGHDAD / Enas Tariq 
fear specialists in the economic aspect of the continued flow of counterfeit currency with the spread of gangs in the circulation areas of Baghdad for a financial commission which could not prevent the security forces of activities affecting the economic file, but despite these concerns, but that the central bank stressed that counterfeit currency receded significantly, and that the bank did not receive numbers only a few came to him from the government and private banks and the ratios fall within the known world.

And spread guerrilla promotion of counterfeit currency in particular in the Read more…

Economic parliamentary calls for reducing the dollar smuggling to neighboring countries

05/09/2012

David Muhannad. Asked a member of the parliamentary economic committee to form a joint committee between the Iraqi Foreign Ministry and the Central Bank and Finance Committees and the Parliamentary Economic addition to the Ministry of Finance to reduce the smuggling of foreign currency abscess Iraq. Dani said: the Iraqi economy in need of this Committee in order to have a commitment and a plan of action limit the dollar smuggling to neighboring countries in the region of Iraq. ” She added that

Read more…

Parliamentary Commission of Economy: host Shaways postpone until further notice

Parliamentary Commission of Economy: host Shaways postpone until further notice

Date: Monday 05/07/2012 15:36

Baghdad (news) .. both the Commission on the economy and investment representative, to postpone hosting the Deputy Prime Minister for Economic Affairs, Rose Nuri Shaways and Central Bank Governor Sinan Shabibi until further notice. 
It was hoped to be the day to host Shaways of the Committee after the host yesterday Shabibi on the background of fluctuation in the rate exchange of the dinar against the dollar. An official source Read more…

Member of the parliamentary Balaguetsadah: We will not allow that is linked to the central government

Member of the parliamentary Balaguetsadah: We will not allow that is linked to the central government

08/05/2012 15:44

Erbil, May 8 (Rn) – A member of the Economic Council of Representatives, Tuesday, that the Council is not allowed to ever that is linked to the Central Bank of the government, describing it waive the Constitution, noting that such association would have a negative impact on the Iraqi economy.  said Mahma Khalil told the Kurdish News (Rn) today, said “the government’s attempt to link the Central Bank of Iraq have serious consequences on the Iraqi economy and Read more…

Financial representative to discuss with the Iraqi Central fluctuation rate of the dinar

06/05/2012 20:17

Erbil, May 6 / May (Rn) – The Finance Committee in the Iraqi parliament on Sunday it had discussed with the Iraqi Central Bank Governor Sinan Shabibi fluctuation of the exchange rate of the Iraqi dinar against the dollar and other currencies.witnessing the Iraqi market is currently rising to the U.S. dollar against the Iraqi dinar, where the price of one dollar in the shops of banking in the Iraqi market to about 1228 dinars, and Some attribute this to the restrictions imposed by the Bank on the sales of hard currency. and the Read more…

Demand for the dollar decline in the auction re-

05/06/2012

Baghdad: JD was the opening of bids for the sale and purchase of dollar daily eighth and Twenty-two thousand for buying and selling foreign currency at the Central Bank of Iraq day Sunday, 6/5/2012 and the results were as follows: – the number of banks contribute to the auction 14, the basic price, which landed him selling dinar / of $ 1166, the basic price, which landed him buying dinars / USD, the amount sold by the Bank at the price advertised (000,105,116), the amount purchased by the bank at the Read more…

MP: There are risks facing the dinar

05/06/2012 0:00

BAGHDAD – Al Sabah 
warned a member of the Finance Committee MP Abdel Hussein al-Yasiri the vulnerability of the Iraqi dinar for international war to weaken it, pointing to the importance of a plan by the Central Bank to combat speculators on the dollar and reduce its value. Yasiri said: You should develop a plan of accurate scientific by the Central Bank to cut rate exchange of the dinar against the dollar, by not selling hard currency few days in a row, but must be Payam different to surprise the speculators who Read more…