Posts Tagged ‘Central Bank of Iraq’

Director of private banks: the coming period will witness the entry of international banks to partner with the Iraqi

On: Sun 05/06/2012 8:36

Baghdad (news) .. most likely director of the Association of private banks Abdul Aziz Hassoun, entry of international banks known to the Iraqi market for the purpose of sharing with Iraqi banks in the performance of its duties banking in the coming period. 
said Goldfinch (of the Agency news): There is a great desire by the international banks to contract with the Iraqi banks in order to participate in its work and the transfer of technological global banking to it, adding that negotiations are still ongoing with council departments, banking, and Read more…

Congress: the phenomenon of replacement of foreign exchange currencies Stqaibd false economy huge losses .. We must fight

On: Sun 05/06/2012 12:33

Baghdad (news) / report / Faleh Hussein / .. Emerged in recent phenomenon seriously carried out by specialized gangs replace the hard currency in the country’s currency Iraqi fake “fake”, and this is what sparked the concern of a number of parliamentarians in the committees of the financial and economic, of the persistence of this phenomenon and its negative impact on the Iraqi economy. 
and warned in the words of (the Agency news) from the exploitation of neighboring countries, the political situation unstable in Iraq enter a counterfeit currency and replace it with hard currency “dollar” to their advantage. He had revealed Read more…

Financial representative to discuss with the Governor of the Central Bank exchange rate fluctuations and delete the zeros from the currency

On: Sun 05/06/2012 14:28

Baghdad (news) .. The Committee discussed the financial representative with the Iraqi Central Bank Governor Sinan Shabibi fluctuation of the exchange rate of the Iraqi dinar against the dollar and other currencies. 
the committee said in a statement today received the Agency (news) copy of which was in the meeting to discuss some issues related to currency Iraqi and controls foreign exchange and their impact on the fluctuation in the rate of the Iraqi dinar against the dollar. The statement Read more…

Member of Finance Committee: Iraqi dinar is being subjected to an international war in order to weaken

On: Saturday 05/05/2012 19:20

BAGHDAD – A citizen warned 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 (the agency newsletter) must develop a plan of accurate scientific by the Bank Central cut the exchange rate of the dinar against the dollar, by not Read more…

Economic Commission: Asustek to the dinar (1166) to the dollar

On: Saturday 05/05/2012 19:21

BAGHDAD – A citizen’s expected decision of the Economic Committee in Parliament MP Mahma Khalilzad, the restoration of the Iraqi dinar and normal in the coming period, after the necessary measures taken by the monetary policy to fetch up to (1166) dinars to the dollar. Khalil’s (newsletter) that monetary policy of Iraq and of the Central Bank has taken necessary measures for the return of Iraqi dinar to normal and stabilize at a certain price to the U.S. dollar, because Read more…

Sunday .. central bank governor and his deputy in the parliament to discuss the sale of the dollar and government intervention

05/05/2012

BAGHDAD / JD / .. Parliamentary Finance Committee hosts a number of central bank officials on Sunday to confirm the validity of Murabaha, which worked on the bank by the high price of the dollar against the dinar and demonstrate the government’s demand that the policy be used according to directions. A member of the Committee and MP for the Kurdistan Alliance Najiba Najib’s / JD / “The parliamentary Finance has decided to host the Governor of Central Bank” Shabibi “and his deputy,” the Read more…

Member of Finance Committee: Iraqi dinar is being subjected to an international war in order to weaken

On: Saturday 05/05/2012 9:49

Baghdad (news) .. Warned a member of the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri the exposure 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 (of the Agency news) on Saturday: must be placed scientific plan minutes by the central bank to lower the exchange rate of the dinar against the dollar, by not selling hard currency few days in a Read more…

President of the Bank: private banks are still unable to perform his duties and the need to support government

On: Friday 05/04/2012 13:04

Baghdad (news) .. The Chairman of The Board of Directors Bank economy Hossam Obaid Ali, that the work of private banks is limited limited to the issuance of letters and deposits, and unable to perform their duties in the banking and contribute to the financing of investment projects of the country. 
Ali said (to the Agency news) Friday: The investment process in the country need to be a lot of money and private banks their capital a few are not commensurate with the size of investments within the country, noting if the cost per project of (250) billion dinars, some private banks did not reach its capital to (100) billion dinars. He explained: that Read more…

(Amended 7:00 pm)Central Bank of Iraq’s new currency … soon to market

I just received this…..This is the response I received and I thought I would share it.
I have seen this note a few days ago, I had sent a email to EBRIL to the bank there they had informed me that this is old dinar that was used in the 80s this is not the new dinar that is going to be reprinted.
I have also found out that there will be a vote in parliament in July to see if Iraq will issue a new currency there is a good chance the vote will not pass to issue new currency that is what 4 different owners of banks in Iraq have found out.

We did not intend to mislead anyone,  I simply posted the article as displayed on the website URL that was provided.

MP from Kurdistan Alliance bloc Mahma Khalil, for contracting the Iraqi Central Bank with (4) known international companies for the printing of new currency for the printing of the new national currency after you delete the zeros of which, describing the project to delete the three zeroes from the currency as “successful” and the time is ideal for replacing them. Khalil (of the Agency news) on Sunday: Read more…

Alabtan: The Central Bank is facing a fierce attack

30/04/2012

Concerns the transfer of an auction sale of currency outside the central bank

30/04/2012 10:55

Dinar exchange rate at the table of prime minister

05/01/2012

Central: Rooms of a regional crisis caused the dinar

30-04-2012 10:00 AM

Detection of the Central Bank of Iraq, that the cause of decline of the Iraqi dinar against the dollar due to the «crisis were deliberately into Iraq, run by Chambers of regional processes aimed at the withdrawal of monetary growth achieved by following the mechanism of double pumping the goods to the inside». saw the Iraqi dinar decline noticeable in value against the foreign currencies, particularly the dollar, as it exceeded the decline 10 points after the price of the dinar exchange 1118 dinars to the dollar is currently worth 1228 dinars. figures indicated the central bank, to «overcome the value of Read more…

Change in central bank

Posted 29/04/2012 10:28 PM

Adnan Hussein *
it is clear that the government is making every effort possible to append to the Central Bank and control it in some way, like independent bodies Qdmtha government one after the other.And then repeated allusions statements made ​​by government officials and aides to the prime minister exposes the desire to spread the umbrella of the government on the bank.

Some of these officials and assistants and advisers deny any intention to acquire the bank and repeat the denial, but the signs of greed in the government and the bank is growing bigger.The Bank is accused by the Read more…

Ministerial committee charged with studying the causes of fluctuation of the exchange rate of Iraqi dinar holds its first meeting

Monday, April 30 / April 2012 15:56

Ministerial Committee charged with studying the causes of fluctuation of the exchange rate of Iraqi dinar yesterday its first meeting chaired by Deputy Prime Minister Ruz Nuri Shaways. “

A statement by the Office of the Deputy Prime Minister, the Agency has received all of Iraq [where] a copy of it today that Shaways presided over the meeting of the ministerial committee charged with studying the fluctuation of the exchange rate of the Read more…

The banking system need to pause to address the fundamental legal lapses

30/04/2012 0:00

Iraq: the cost of stabilizing the value of the dinar $ 200 billion since 2004

Posted 29/04/2012 02:18 AM

Exceeded the cost incurred by the Central Bank of Iraq since 2004 to stabilize the exchange rate of the dinar against major currencies $ 200 billion, according to Iraqi officials, alerted to the possibility of growth of the number in the coming months due to pressure against the dinar of UN sanctions and Western Syria and Iran, which assesses Iraq with them relations economic and strong.

Central Bank of the dollar raises quantities for sale at prices discounted

29/04/2012

Baghdad: JD initiated the Central Bank in the first auction this week has put the dollar amounts at prices lower than the black market, a difference of ten percentage points. It was the opening of bids for the sale and purchase of dollar daily fourth and Twenty-two thousand for buying and selling foreign currency at the Central Bank of Iraq for Sunday day on 29/4/2012 The number of banks contribute to the auction 15, and the basic price, which landed him selling dinars / USD 1166 and while the total amount sold by the Bank at the price advertised (132,296,000), there were no offers of sale by the shareholders at the Central Bank. The total amounted to Buy Offers (USD) (132,296,000), while the total Products (dollars). The Alpmk central in the statement which was obtained (JD, a copy of the price of the sale of remittances (1179) JD / dollar, including the Read more…

Committee: We will achieve attempting to steal from the stock of the States if it does not convince us of the Central Bank’s work

29/04/2012

BAGHDAD / JD / .. alluded to the Finance Committee by its direct interference in the parliamentary procedures of the Central Bank in case you do not work on convincing the dollar and the fluctuation of the investigation in an attempt theft of seven stocks Trallonat State. A member of the Committee Haitham Jubouri’s / JD / “The committee, which formed Baazavita with Alnaúptin Majida al-Tamimi and Najiba Najib to follow the work of the Central Bank of waiting Results on us by the executive committees,” adding that “next Wednesday will be the Committee’s meeting with Read more…

Abandon the sale of currencies .. Central bank’s move in response to the surprise of his critics

On: Sun 29/04/2012 12:09

Baghdad (news) / report / Faleh Hussein / .. After a scathing criticism of the Central Bank against the backdrop of high exchange rate of U.S. dollar against the dinar, began the central thinking to withdraw his hand from the sale of hard currency in the auction for the benefit of a government banks. 
plans to the Central Bank of the transfer of an auction sale of hard currency to the commercial bank government, the fact that the auction does not fall within the competence, which raised the ire of a number of parliamentarians and financial experts, because the government banks are not Read more…