Posts Tagged ‘Central Bank of Iraq’

Finance Committee: “trade” with the UAE contributes to the withdrawal of foreign currency

Saturday, April 28, 2012 12:50

BAGHDAD / Baghdadiya News / .. Finance Committee revealed that the trade with the United Arab Emirates shares withdrawing the dollar, in addition to the growing demand by Syria and Iran. Said committee member Magda Tamimi / of Baghdadi News /: There are neighboring countries pull the dollar out of Iraq caused an increase in demand and high price, noting that there are funds out of Iraq to the United Arab Emirates to address the economic crisis experienced by the pretext of trade, as well as economic difficulties going through Iran and Syria. Read more…

Central warning: there is a conspiracy to undermine the regional financial operation in Iraq

28/04/2012 0:00

He seeks to develop the work of auctions currency 
Baghdad – Haider Filaih Rubaie 
warned the Iraqi Central Bank of the conspiracy regional said it is targeting the infrastructure of the national economy, pointing out that the plot works to drain cash reserves of the Bank through the broadcast rumors could adversely affect the price of exchange and is working to reduce the value of the dinar against the dollar, saying that Read more…

Only 5 percent of foreign remittances are legally

28/04/2012 0:00

Keywords detect the smuggling of about 180 billion dollars during the past years, 
Baghdad, Tariq al-Araji, 
detection of the Secretary-General of the Council of Ministers on the Keywords, revealed that the amounts smuggled out of Iraq over the past years is estimated at $ 180 billion, pointing out that less than only 5 percent of remittances are by legal means. 
and he said: “morning”: that “when the government urges the Central Bank to intensify its control over the movement of funds, it is not an interference job bank, but was meant to preserve the public money.” 
He explained that a report previously issued by Read more…

Financial demands of parliamentary government to expedite the establishment of Islamic Bank

28/04/2012 13:49

Baghdad, April 28 (Rn) – The Finance Committee representative, on Saturday, the Iraqi government to initiate the establishment of an Islamic bank government to support the development project of government banks. revealed the Iraqi government on July 2 last they decided to establish an Islamic bank a government supervised by the Central Bank of Iraq is linked administratively Ministry of Finance. said committee member Najiba Najib told the Kurdish news agency (Rn) that “the Finance Committee in the House of Representatives supports the approach the Read more…

Finance Committee suggest the ability of Trade Bank of Iraq take currency auction

04/26/2012

BAGHDAD / JD / .. revealed the parliamentary finance committee a new step the central bank to implement an auction sale is handed over to a hard currency Iraqi banks, weighted assume Trade Bank of Iraq this auction. A member of the Finance Committee, the Parliamentary Secretary Hadi Abbas’s / JD / “The Central Bank of Iraq plan to give banks a good Iraqis and the Iraqi Trade the responsibility of selling the dollar auction.” Abbas said, “The central bank wants to get rid of Read more…

Member of the Parliamentary Integrity: financial and administrative corruption in the auction the central bank and there are third parties is controlled by

Thursday, April 26 / April 2012 08:20

Baghdad {: News} Euphrates accused member of the Parliamentary Committee on Integrity Algehiche Osman, did not identify points behind the rise in the value of the dollar against the Iraqi dinar, confirming the presence of financial and administrative corruption in the two major auction the central bank.

He said Algehiche, told {Euphrates News} “There are third-party controls the value of the dollar in order to achieve their personal interests taking advantage of Read more…

Deputy: Iraqi dinar will arrive to its price (1166) against the dollar

26/04/2012 0:00

BAGHDAD – Al Sabah 
expected decision of the Committee of Economic parliamentary deputy / Kurdistan Alliance bloc / 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 (of the Agency news) said on Wednesday: The monetary policy of Iraq Read more…

Director of private banks: negotiations for a global partnership with the Iraqi banks with their own money and banking duties

On: Friday 4/27/2012 9:11

Baghdad (news) .. Said Director of the Association of private banks Abdul Aziz Hassoun, the Bank of Qatar will contribute to the capital of Al-Mansour Bank and the National is not involved with him, indicating he would help Al-Mansour Bank to perform transactions Foreign Kalhawwalat and instruments. 
The Bank of Qatar has obtained the approval of the Central Bank of Iraq to buy half shares of Bank Al-Mansour Al-Ahli . 
said Goldfinch (of the Agency news): Read more…

CBI accused of four countries to “conspiracy” on the economy of the country

27/04/2012 09:03

Baghdad, April 27 / April (Rn) – accused the CBI Friday four of 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 rose in the days the past, which he attributed Officials companies banking on local stop Central Bank sales of foreign currency. and picked up local media reported the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran on the border crossing points which unless confirmed by the Central Bank of Iraq. and subject Iran because of its nuclear program and Read more…

Shabibi: Iraq’s reserves $ 60 billion (Shabibi Interview)

Posted 22/04/2012 12:00 AM
January 2013: KD without zeros 
detect Iraqi Central Bank Governor Dr Sinan Shabibi, in a dialogue with the «weekly» that the restructuring of the national currency, starting with the deletion of zeros from the dinar, a very important step, because they relate to the direct purchasing power and inflation. The Shabibi that the central bank independent, which is directly responsible for monetary policy, exchange rates and foreign reserves management and the organization of the banking sector. The details of the interview: Read more…

Washington extended the protection of Iraqi funds deposited with it

23.04.2012

Iraq was able to get a new extension provides protection and immunity for his money deposited in U.S. banks for a period of one year ends in May of next year. There has been an extension by the Iraqi delegation in the United States and composed of representatives of the Central Bank, the Ministry of Finance, the Finance Committee of the House of Representatives. delegation made ​​an official request on behalf of the Government of Iraq to the U.S. government to Read more…

Economists stress the inability of the central bank to control the fluctuation of exchange rates of the Iraqi dinar in a market

Date: Thursday, 04/19/2012 23:58

Citizen / special / Sarah al-Obeidi 
said a number of economists from the negative repercussions that could affect, directly on the fluctuation of exchange rates of the local currency of the Iraqi dinar in the country, emphasizing in conversations for (newspaper Citizen) “: that the central bank does not have the ability to control on the value of Iraqi dinar against the dollar, calling them the need to take concrete actions to increase the value of local currency in the country. economist behind Kanani “: called to the need to speed up the control of the prices of the domestic Read more…

Haitham al-Jubouri likely collusion between government officials and others in the Central Bank exchange rate to rise causing the dollar against the dinar

Friday, April 20 / April 2012 14:19

[Baghdad – where]

Most likely a member of the parliamentary finance committee of collusion by some government officials and traders with officials at the Central Bank caused an increase of high exchange rates of the dollar against the Iraqi dinar.

A member of the Committee Haitham Jubouri told all of Iraq [where] the day Friday, “I do not rule out that there is collusion and cooperation between some government officials, traders and businessmen with some weak people, and corrupt at the central bank behind the process of increasing the height of the dinar against the dollar in order to Read more…

Parliamentary Economic Committee: to postpone the project of deleting the three zeros from the currency decision of a professional

On: Friday 04/20/2012 12:10

Baghdad (news) .. The Committee welcomed the economic parliamentary resolution adopted by the General Secretariat of the Council of Ministers to wait a project delete the three zeroes from the Iraqi currency, considerable time it is not perfect, and needs to be enough time to implement it. 
The head of the Economic Commission deputy / coalition in Iraq / Ahmad al-Alwani (of the Agency news) Friday: The decision issued by the Presidency of the Council of Ministers to postpone the project of deleting the three zeroes from the local currency is professionally before they be Read more…

Iraqi trade: traders and companies are working to empty the markets of the country, the U.S. dollar

20/04/2012 10:18

Erbil, April 20 / April (Rn) – The Iraqi Trade Minister, on Friday, that there are merchants and local and foreign companies working to unload the Iraqi market of the U.S. dollar through forged documents. According to Khairallah Hassan, told the Kurdish news agency (Rn), that “there are merchants and local companies and foreign works for some time to unload the Iraqi market of the U.S. dollar through forged documents by those companies that resort to claim the Iraqi Central Bank by providing them with the dollar against the Read more…

Expert reduces the risk of speculative attacks in the withdrawal of foreign currency

18/04/2012
BAGHDAD / JD / .. said researcher and academic, Dr. Hussein star need the central bank to change its policies the central bank needs to change in the tactical strategy of monetary policy. He told / to JD / that the solution lies in changing the curriculum, while maintaining the general strategy of monetary policy in Iraq and review tactics for returning extrapolate mechanisms of corporate governance in banks and then re-induction rates of inflation and the trend towards development and not Read more…

Central maintains the value of the dinar

19/04/2012 0:00

Following a drop in the dollar exchange rate 
BAGHDAD – Haider Filaih Rubaie 
returned dollar prices to witness Asagrara price reached after a rally last week’s, Analysts attributed the cause of the falling exchange rate of foreign currency against the dinar to the measures and actions taken by the Central Bank as well as the procedures and calls for intensive government stressed the need to reduce the prices of the dollar as soon as possible, something that happened Read more…

Efforts to search for solutions and actions supportive of the strength of the Iraqi dinar

04/18/2012 0:00

Baghdad Yasser incumbent 
working the banking and financial services to study the possibility of finding solutions and procedures that will maintain the strength of the Iraqi dinar was prepared with the Association of private banks in Iraq, some of the proposals in this regard in the context of her answer to the action or decision issued by the Central Bank of Iraq committed in 21/12/2011 the banks to increase credit cash to 8 times the capital reserves of sound no Read more…

Member of Finance Committee: the formation of a joint committee of the Ministries of Finance and Planning and the Central Bank to control the value of the dollar

On: Wednesday 04/18/2012 12:09

Baghdad (news) .. Announced by the Finance Committee MP / National Alliance / Secretary Hadi Abbas to form a joint committee by the Ministries of Finance and Planning in addition to the Central Bank to discuss the reasons for the high exchange rate of the dollar against the dinar, and follow-up spent to control the value of hard currency in the country. 
Abbas said (of the Agency news) said on Wednesday: The General Secretariat of the Council of Ministers called for the formation Read more…

CBI ends close to the preparation of the financial report for the Warka Bank

18/04/2012 11:46

Baghdad, April 18 (Rn) – The Central Bank of Iraq on Wednesday that the coming days will witness the completion of the financial report on Bank of Warka one of the largest banks Iraqi civil, noting that the report’s recommendations will determine the existence of the possibility to help him by the government. and decided Central Bank of Iraq early March last March, the development and guardianship to the Warka Bank because of the deterioration of fiscal policy, the bank said that the imposition of guardianship on the Warka Bank came to save him.The main tasks of the Central Bank in managing Read more…