Posts Tagged ‘Dollar’

Central Bank denies smuggling 800 million dollars a week to the Swiss banks

Central Bank denies smuggling 800 million dollars a week to the Swiss banks

Posted 27/11/2013 11:02 AM

Babinaoz / agencies denied the Iraqi Central Bank, on Wednesday, the existence of smuggling weekly from inside Iraq to the Swiss banks, and confirmed that the statements Relations Committee Chairman European with Iraq on this subject “baseless and taken from the former Vice-President and sentenced to death Tareq al-Hashemi” .

He said the central bank’s two Iraqis, “some of the media picked up the Read more…

Stapes: the process of deleting the zeros working to raise the value of the Iraqi dinar against the dollar

Stapes: the process of deleting the zeros working to raise the value of the Iraqi dinar against the dollar

27-11-2013 08:47 AM

Baghdad (news) .. A member of the Economic Commission MP / National Alliance / Ibrahim stirrup, that the high price of the dollar depends on the ratio of supply and demand in the auction sale of the currency in the central bank. said stirrup (of the Agency news): The high exchange rate of the U.S. dollar against the Iraqi dinar is affected by security conditions taking place in Iraq and demand it through legal or illegal as a matter of money laundering. demanded: to speed up the process of deletion of zeros and facilitation of Read more…

CBI calls for a revision of the laws of banking, will not lift zero’s

CBI calls for a revision of the laws of banking and anti-money laundering

Posted 25/11/2013 11:12 AM

BAGHDAD – “the world”
Called on the Central Bank of Iraq, on Sunday, to “revisit” the laws of the banks and the Central Bank and the fight against money laundering, and attributed the cause to “address the problematic lack of challenge of the activity of banks and the World Bank in the management of the economy”, and pointed out that the zeros “will not lift from the Iraqi currency now for not suitable circumstance. ” The central bank governor said Read more…

Central bank: hard currency reserves have exceeded 88 billion dollars

Central bank: hard currency reserves have exceeded 88 billion dollars

24/11/2013 14:08

Long-Presse / Baghdad
Revealed the CBI, on Sunday, the arrival of foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the Iraqi dinar could be a “source of pride” for the Iraqis.
The governor of the Central Bank and the Agency, Abdul-Basit Turki, said in an interview to the (long-Presse), “The bank accounts the beginning of October 2013 the past, recorded a reserve exceeds Read more…

Experts: reduce the effects of the parallel market contributes to the stability of the exchange rate

Experts: reduce the effects of the parallel market contributes to the stability of the exchange rate

11/20/2013 12:00 AM

They called to reconsider granting leave enter currency auction
Baghdad – Mostafa Hashemi
confirms experts and specialists need to reduce the effects of the parallel market to stabilize the market and the exchange rate of the dollar against the Iraqi dinar, pointing to the importance of maintaining the experiences of economic participation in the auction currency effects of the parallel market
in this context called economic expert, Dr. Mohammed Saleh Read more…

British report: Iraq’s oil revenues would amount to 5 trillion dollars between 2013 and 2035

British report: Iraq’s oil revenues would amount to 5 trillion dollars between 2013 and 2035

16/11/2013 13:09

{Baghdad: Euphrates News} announced British report that the proceeds of Iraqi oil would be {5} trillion dollars between 2013 and 2035 as it prepares to increase production faster than any other country and has the potential to become the largest exporter of crude oil in the world.

According to a report of the Bank of the United Kingdom of Standard Chartered Bank on Saturday and seen by Agency {Euphrates News} “Although the Read more…

The need for currency reform in Iraq

The need for currency reform in Iraq

Posted, 02 Nov 2013

A lot of discussions in Iraq are going on over the need for currency reform so that common citizens of Iraq can save themselves from evils of daily price rise in the commodity market. Moreover, recent disturbances in the US economy have also resulted in fluctuations in the Iraqi dinars. Economic experts and financial committee member of Iraqi government have urged for changing the base currency from the US dollar to some stable currency. On this regard, Chinese currency or Yuan has been Read more…

Central bank sales decline affects the economic situation of the country

A member of the Finance Committee: central bank sales decline affects the economic situation of the country

02-11-2013 11:58 AM

Baghdad (news) .. According to a member of the Finance Committee MP / Kurdistan Alliance / Najiba Najib, the lower central bank sales affect the local situation of economic and regional levels. said Najib (of the Agency news): The low and high central bank sales of the dollar depends on the ratio of supply and demand, indicating that the decline Sales affect the situation of local and regional Iraqi. said: that the central bank does Read more…

Senior banker: the high exchange rate of the dollar against the Iraqi dinar

Senior banker: the high exchange rate of the dollar against the Iraqi dinar affects the operation of the country’s economic

31-10-2013 12:34 PM

Baghdad (news) .. Said banking expert Majid picture, the fluctuation of exchange rate of the U.S. dollar affects the economic process as a whole, because of the interdependence between the Iraqi economy and the dollar. said Suri (of the Agency news): The rise and fall in the U.S. dollar exchange rate adversely affect the Iraqi economy, because of all exports and Read more…

Iraqi Dinar/Dollar auction 10-30-13

Iraqi Dinar/Dollar auction 10-30-13

Currency Auctions Announcement No. (2517)

The latest daily currency auction was held in the Central Bank of Iraq on the 30-Oct-2013 . The results were as follows:

.

. Read more…

8.9 Billion USD stilled owed to Kuwait by Iraq

8.9 Billion USD stilled owed to Kuwait by Iraq

$1.2 BILLION HAS BEEN PAID BY IRAQ TO KUWAIT

29 Oct 2013

1.2 billion US dollars have been handed over by the UN Compensations Committee to Kuwaiti government in part of the compensations of Iraqi invasion of 1990.
In a press statement, a copy of which received by the local news agencies, it has been revealed that the committee has handed 43.5 billion dollars till now as the parts of compensations.
It has been also reported that the remaining amount is Read more…

FINANCE COMMITTEE MEMBER IN IRAQ URGED FOR SUPPORTING THE STABILITY OF IRAQI DINARS

FINANCE COMMITTEE MEMBER IN IRAQ URGED FOR SUPPORTING THE STABILITY OF IRAQI DINARS

Posted, 29 Oct 2013

The member of the Finance Committee, MP of the Kurdistan Alliance, Dlair Qadir called the Central Bank of the need to facilitate the procedures for the sale of hard currency for citizens and banking companies to support the Iraqi dinar exchange rate against the U.S. dollar.
He opined that the central bank of Iraq should fulfill the pending demands for setting up a mechanism that will Read more…

Iraqi Dinar/Dollar auction 10-28

Iraqi Dinar/Dollar auction 10-28

Currency Auctions Announcement No. (2515)

The latest daily currency auction was held in the Central Bank of Iraq on the 28-Oct-2013 . The results were as follows:

.

. Read more…

The decision to raise banks’ capital and true integration is the best solution

The decision to raise banks’ capital and true integration is the best solution

10/28/2013 12:00 AM

President of JSC «morning»:
Baghdad morning
put specialists proposal contributes to the increase of capital of private banks, through a merger with each other to form the banks giant be a base sober for investors.
Chairman of the Securities Commission, Dr. Abdul Razzaq al-Saadi said in a statement (morning): “The central bank’s decision, which was issued two years ago to increase the capital of private banks is the right decision, and to encourage them to Read more…

Need to facilitate the procedures for the sale of hard currency to support the stability of the Iraqi dinar

Member parliamentary Finance: the need to facilitate the procedures for the sale of hard currency to support the stability of the Iraqi dinar exchange rate

Posted, 28-10-2013 05:06 AM

Baghdad (news) .. The member of the Finance Committee MP / Kurdistan Alliance / Dler capable of, the Central Bank of the need to facilitate the procedures for the sale of hard currency for citizens and banking companies to support the Iraqi dinar exchange rate against the U.S. dollar. said is capable (of the Agency news): The Central Bank Read more…

The recession happening in the stock market will affect the exchange rate of the Iraqi dinar

The Parliamentary Committee on the economy: the recession happening in the stock market will affect the exchange rate of the Iraqi dinar

26-10-2013 05:49 AM

Baghdad (news) .. Warned of the economic and investment commission parliamentary impact of recession happening in the Iraqi market for securities on the monetary policy of the central bank in terms of the low exchange rate of the Iraqi dinar against the U.S. dollar. said the Commission’s decision MP Mahma Khalil (of the Agency news): The recovery of the stock market needs to Read more…

Expert: U.S. Court crisis indirect impact on the Iraqi economy

Expert: U.S. Court crisis indirect impact on the Iraqi economy

26-10-2013 10:27 AM

Baghdad (news) .. Said economic expert Majid picture, the crisis of U.S. debt have an indirect impact on the Iraqi economy. said the picture: the interdependence of the economy in dollars through oil exports led to the affected rise and fall to hardly, any indirect effect and added: that the U.S. debt belonging to major countries China and the EU countries, and the countries that have reserve cash huge dollar, noting that he must find a new currency to the dollar Read more…

BANKING EXPERT URGES FOR STRENGTHENING IRAQI DINAR – NOT JUST LOCALLY BUT GLOBALLY

BANKING EXPERT URGES FOR STRENGTHENING IRAQI DINAR – NOT JUST LOCALLY BUT GLOBALLY

24 Oct 2013

Majid Al Suri, Iraqi banking expert, opined that Iraqi dinars should be strengthened and turned it into a currency is possible to deal at the international level, not just local.
He further remarked, “The local and international situations inappropriate disengagement of the Iraqi dinar to the US dollar, ruling out the success of the disengagement of the Iraqi dinar to the dollar being tied to the global system and Read more…

IRAQI ECONOMISTS SAY, “CAN’T UNLINK USD FROM IQD”

IRAQI ECONOMISTS SAY, “CAN’T UNLINK USD FROM IQD”

Posted, 24 Oct 2013

Apart from the US shut down crisis, there is another crisis that is shaping up in America, regarding its economic position. The debt ceiling of the US government has reached to new height to record levels reached 17 trillion dollars, an amount much difficult in the absence of indicators of recovery of the US economy, threaten new economic crises threatening the dollar.

In a press release, the economic information center stated that Read more…

Iraqi Dinar/Dollar auction 10-23

Iraqi Dinar/Dollar auction 10-23

High central bank sales of the dollar in the auction today

Wednesday, October 23 1 / Okrudolf 2013 15:27

[Baghdad – where]

Increased central bank sales of the dollar in the auction on Wednesday to more than $ 163 million after it was Tuesday of $ 141 million.

According to a statement of the bank has received all of Iraq [where] a copy of the “size of the amount sold by the bank at the auction of the dollar today reached Read more…