Posts Tagged ‘Dollar’

Budget amounted to 170 trillion after adjusting petro-dollar to $ 5

Budget amounted to 170 trillion after adjusting petro-dollar to $ 5

02/02/2014

BAGHDAD / JD / .. Revealed the Finance Committee for adjust the amount of the budget after the lifting of the petro-dollar to $ 5, while confirming that the size of the budget amounted to 170 trillion and 411 billion dinars.
A member of the MP Magda al-Tamimi told / JD /: that the size of the budget in 2014 amounted to 170 trillion and 411 billion dinars after the decision of the Council of Ministers containing Read more…

Scaling the phenomenon of amplification enhances the dinar exchange rate

Scaling the phenomenon of amplification enhances the dinar exchange rate

2/2/2014 0:00

Specialist: the monetary policy of the leading economic policies
BAGHDAD – Hussein al-Tamimi Tgb
encircle the problems of monetary policy has become the focus of most of those concerned with financial, in order to reach the financial sector works of running a court check the economic viability of the country and promote all sectors so they can create the economy of multi-resource. economic stability competent Rei financial Samir Nasiri said that monetary policy is one of the most prominent economic policies aimed at achieving economic stability and stabilization of the exchange rate, which in turn increases Read more…

IMF: Oil prices weaken Iraq’s budget for this year

IMF: Oil prices weaken Iraq’s budget for this year

28/01/2014 09:58

Head of Mission of the International Monetary Fund: The draft budget for this year is currently being debated by Parliament, including a significant increase in spending in its current form and perhaps Iraq faces difficulty in funding.

Counter / obelisk: An official at the International Monetary Fund, said the public finances in Iraq are increasingly prone to be affected by Read more…

Dinar to the inside window of foreign currency: the ultimate goal of price stability, the central bank

Dinar to the inside window of foreign currency: the ultimate goal of price stability, the central bank

28.01.2014 (0:01 pm)

 d. Sinan Shabibi, Mohammad Reza
We are accustomed to call the auction, but in fact nothing more than a window, which is sold dollar price has not changed for a long time, and in times where there was such a change was due to a deliberate change in monetary policy. The reserve grand which is owned by the Read more…

Central Bank: the withdrawal of licenses for five commercial banks for not filed for their capital

Central Bank: the withdrawal of licenses for five commercial banks for not filed for their capital

Mon, January 27, 2014 14:37

BAGHDAD / Baghdadi News / Basset Turki Saeed said the central bank governor on Monday that the bank is expected to pull the licenses of five commercial banks are unable or unwilling to increase their capital before the expiry of a deadline for the end of January.
And between Turkish vassal in a press statement / Baghdadi News / on the sidelines of a financial conference in Dubai that other banks or committed to the decision taken steps but Read more…

Iraqi Dinar/Dollar auction results 1-26-2014

Iraqi Dinar/Dollar auction results 1-26-2014

Currency auction results Announcement No. (2584)

Was the opening of bids for the Commission on the sale and purchase dollar daily five hundred and eighty-four after two thousand to buy and sell foreign currency at the Central Bank of Iraq on Sunday, the day on 26.01.2014 and the results were as follows: Read more…

Iraqi Dinar/Dollar auction results 1-25-2014

Iraqi Dinar/Dollar auction results 1-25-2014

Currency auction results Announcement No. (2583)

Was the opening of bids for the Commission on the sale and purchase dollar daily five hundred and eighty-three and two thousand to buy and sell foreign currency at the Central Bank of Iraq to the day on Saturday 25/1/2014 and 26/1/2014 port on Sunday and the results were as follows: Read more…

Wave falling emerging market currencies, central banks have to intervene

Wave falling emerging market currencies, central banks have to intervene

Posted, January 26, 2014

Move senior officials in emerging markets to dispel concerns about the economies on Friday after investors sold currencies of these countries which raised fears of a collapse of the broad markets. was the plan of the Federal Reserve (the U.S. central bank) to reduce its procedures for monetary stimulus gradually has raised expectations that it will to exit from emerging markets, but the prospect of slowing economic growth in China boosted fears on Friday that emerging markets, particularly those with Read more…

120 deputies are threatening to derail the budget .. South and angry Maliki to cancel the new petro-dollar ratio

120 deputies are threatening to derail the budget .. South and angry Maliki to cancel the new petro-dollar ratio

01.20.2014 (0:01 pm)

 Baghdad / Mohammad Sabah

Facing the federal budget for the year 2014 objections unprecedented, having described the way passed the House of Representatives as a “trapping” bear the responsibility of the government alone. The talk among the parliamentary collision budget mass parliamentary estimated 120 deputies, led by representatives of the central and southern governorates in addition to the masses of the Kurdistan Alliance and Read more…

Specialists are advised to apply the deletion of zeros instead of issuing currency large classes

Specialists are advised to apply the deletion of zeros instead of issuing currency large classes

01/20/2014

BAGHDAD / JD / .. Advised a number of specialists in economic affairs the government to apply the project to delete the zeros, instead of issuing large sections of the currency because it will lead to higher inflation.
It is noteworthy that the central bank decided after demanding the federal government to wait to apply the project to delete the zeros and get rid of the monetary mass lean in Iraqi currency by printing Banknotes category (50) thousand Iraqi dinars, in addition to Read more…

Expected to increase Iraq’s financial reserves end 2018

Expected to increase Iraq’s financial reserves end 2018

1/16/2014 0:00

BAGHDAD – Mustafa al-Hashemi said the academic economic Dr Majid Baidhani: that Iraq’s economy will recover gradually to reach rates better than it is now in terms of inflation and real output will grow during the next few years. added Baidhani told (morning) it in the medium term, will remain macroeconomic prospects in Iraq driven by developments in the oil sector and assume the Read more…

Auction Central Bank monetary policy threatens to collapse

Auction Central Bank monetary policy threatens to collapse

12/31/2013

Baghdad / Orr News

Warned parliamentary sources familiar with the collapse of the Iraqi monetary policy in light of the continued dollar selling in the auction of the Central Bank, and revealed a blueprint for the continuation of the process of money laundering agreement with American officials through non-recognition of the Iraqi dinar in international transactions.

The sources said that “the financial policy of Iraq at a critical juncture in the light of the growing phenomenon of selling the dollar at the central bank auction to sell the currency,” indicating that “the government is not aware of Read more…

Iraq drafted complicated budget for 2014, keeping Kurdistan under pressure

Iraq drafted complicated budget for 2014, keeping Kurdistan under pressure

31 Dec 2013

The draft of Iraqi budget for the next year, which has not been sent to the parliament yet for ratification, contains a lot of clauses as well as conditions which may lead to disastrous consequences for the autonomous Iraq region, Kurdistan. This has been warned by the experts and economic advisors. For instance, it contains many conditions that the Kurdistan Regional Government (KRG) must fulfill, and stipulates cuts to the 17 percent of Erbil’s share of the Read more…

Finance: Iraq has a large budget and is not in need of international loans

Parliamentary Finance: Iraq has a large budget and is not in need of international loans

23-12-2013 10:27 AM

Baghdad (news) .. Confirmed the parliamentary finance committee, said that Iraq does not need loans of international financial, indicating that the loan provided by the World Bank amounting to 355 million dollars was intended to link the economic policy of the Iraqi internationalist. said Committee Vice Chairman Ahmed Faizullah (of the Agency news): Iraq has a financial budget is very large estimated at more than 174 trillion dinars and Read more…

According to government data: the size of the budget deficit in 2014 to reach more than [60] billion dollars

Statistics for [where] According to government data: the size of the budget deficit in 2014 to reach more than [60] billion dollars

Friday, 20  December 2013 09:31

Report: Ammar al-Masoudi

[Baghdad – where]

A statistic conducted by all of Iraq [where] on the basis of data and government figures for the fiscal deficit in the current budget year, the state for the year 2014 exceed [62] billion dollars.

According to what declared by the Iraqi Oil Ministry a month of data on the size of crude oil exports and fiscal revenue only shows that Read more…

Specialist: local banks have contributed to the stability of the exchange rate of the dinar against the dollar

Specialist: local banks have contributed to the stability of the exchange rate of the dinar against the dollar

20-12-2013 07:59 AM

Baghdad (news) .. He attributed the Executive Director of the Association of private banks Aziz Hassoun, the cause of the fluctuation of the exchange rate of the Iraqi dinar against the U.S. dollar to increase the demand for the purchase of hard currency in the local market. said Hassoun (of the Agency news): that the local banks to not bear the responsibility of the oscillation winning currency exchange rate, but the opposite It contributed to Read more…

Expected to increase business expenses to 102.7 trillion dinars

Expected to increase business expenses to 102.7 trillion dinars

12/16/2013 0:00

Report calls for the strengthening of the national output to confront
Baghdad – Mostafa Hashemi – Farah pumice
economist said the appearance of Dr. Mohammed Saleh, said that the volume of trade to Iraq with the world amounted to about 73 billion dollars, including imports of government, while the import of services was estimated at 20 billion dollars as services provided to Read more…

Expectations of a substantial increase in inventories Financial Iraq next year!

Expectations of a substantial increase in inventories Financial Iraq next year!

Posted, 8/12/2013 0:00

Saadi: allocations for sustainable development will be a wider
BAGHDAD – Farah pumice
experts expected a large increase in inventories of strategic cash over the next year, with the escalation of oil production and exports after the success of Iraq on leave licenses granted to international companies in this area to achieve sustainable development even with the instability of the sale price of a barrel oil.
Chairman of the Securities Commission, Dr. Abdul Razzaq al-Saadi told the (morning): “The cash reserve has nothing to do at the currency, but these prices determine, according to monetary policy defined by the Central Bank, which is controlled by the so-called currency auction.”
he added Read more…

Sarfen: Central Bank controlled by routine procedures and the unfairness

Sarfen: Central Bank controlled by routine procedures and the unfairness

12.05.2013 (0:01 pm)

 term Presse / Baghdad

Criticized a number of owners of companies banking financial crackdown that followed the central bank and the routine which controls procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions, and while stressed that the CBI lacks regulations in its dealings, pointed out that What puts Bank of instructions and controls “harsh and Read more…

Central Bank last month, sold $ 3.8 billion and sales of 4 months amounted to about 16 billion dollars

Statistics [where]: Central Bank last month, selling $ 3.8 billion and sales of 4 months amounted to about 16 billion dollars

Sunday, 01 November / 1 December 2013 07:05

[Baghdad – where]

According to statistics prepared by all of Iraq [where] that dollar sales at the central bank auction last month rose in November for auction sales in October.

Amounted to dollar sales in the month of November 3 billion and 803.691 million compared to $ two billion and 191 million and 456 000 dollars in October while sales were Read more…