Posts Tagged ‘International Monetary Fund’

Positive international assessment of Iraq’s success in achieving monetary stability

Positive international assessment of Iraq’s success in achieving monetary stability

1/4/2014 0:00

Oman Ghaidaa Bayati
was Iraq assessments international positive when reviewing derived from economic achievements in the meeting of the Consultative that took place recently between Iraq and the International Monetary Fund in the Jordanian capital Amman.
mentioned (morning) head of the Iraqi delegation and Minister of Finance Agency purity of net debt, which participated in the meeting He said: ”
All the observations made ​​by the International Monetary Fund during the Read more…

Iraq is planning to three loans, one of them an international bridge the budget deficit

Iraq is planning to three loans, one of them an international bridge the budget deficit

31/03/2014

BAGHDAD / JD / .. revealed the parliamentary Economic Committee for the Iraqi government to resort to three options to fill the shortfall in the general budget of the country in 2014, while confirming that the deficit ratio exceeded 20 percent.
The committee member said Qusay al-Abadi in an interview / JD /, that the object in the budget deficit in 2014 exceeds 20%, and this figure will necessitate approval on Iraq to resort to borrowing from the World Bank, or the use of internal borrowing, or dispose of the cash reserve.
Abadi noted, that the reserve increase by the Iraqi information reached us.
A few days ago, threatened the World Bank, to develop Iraq in the black list, if the Iraqi government continued to Read more…

International Monetary reveals a province of Iraq on the stability of its economy

International Monetary reveals a province of Iraq on the stability of its economy, despite the decline in oil prices and the budget deficit

27.03.2014 (0:01 pm)

 Baghdad / term-Presse

IMF announced, on Wednesday that Iraq has maintained its economic stability despite the drop in oil prices during the year 2013, and pointed out that the inflation rate dropped to 3.1%, and as he emphasized that the security situation has caused a deficit in the budget by about 6%, expected increase in economic activity during the year Current.
said head of the IMF mission in Iraq Read more…

After visiting Iraq, IMF mission has unleashed a statement

After visiting Iraq, IMF mission has unleashed a statement

26 Mar 2014

An IMF mission led by Carlo Sdralevich, Mission Chief for Iraq, visited Amman during the period March19-24 to meet with an official Iraqi delegation led by Acting Minister of Finance, Dr. Safa Al Safi. The IMF mission also met with the Acting Governor of the Central Bank, Dr. Abdul Basit Al Turki Said, and officials from the ministries of finance, planning, and oil, the central Bank, and the Board of Supreme Audit.
The team from IMF also consulted with Read more…

A former official at the Central Bank: Money Box main Astnzvth expenses

A former official at the Central Bank: Money Box main Astnzvth expenses

26.03.2014 (0:01 pm)

 Baghdad / Wael grace

Said senior economist and deputy governor of the Central Bank of the previous appearance of Mohammed Saleh, said the money fund Iraq’s main it contains usually at about 18 billion dollars is enough necessary expenses and guaranteed for six months, while the decline in the amount currently, due to increased expenses, to a third, and spread concern among circles concerned, at the time you say informed sources Read more…

Parliamentary economy: the government will be held accountable legally at their disposal Balahtiat cash

Parliamentary economy: the government will be held accountable legally at their disposal Balahtiat cash

25/03/2014

BAGHDAD / JD / .. Commission threatened the economy and investment representative, the federal government held them accountable when legally use Balahtiat cash in hard currency with the central bank to bridge the budget deficit.
Said committee member Rep. Nora told Albjara / JD /: “The use of the federal government looming sovereign balance located in the Central Bank of hard currency to meet the budget deficit is expected to be significant Read more…

Stuffing money in the mattress: why Iraqis refuse to use Iraqi banks

Stuffing money in the mattress: why Iraqis refuse to use Iraqi banks

Posted, 22 Mar 2014

Iraq’s banking system is notoriously unstable, competitive, unsecure and riven by political infighting. MPs say they’re trying to improve the banking system but in the meantime, locals are still keeping cash in a box under the bed.

Saleh Majid owns an electrical supplies shop in Baghdad’s busy Shorja market area. And every day after the close of business, he takes all the money he has made that day home with him; he won’t deposit it in any Iraqi bank.

This is because Read more…

Expert: IMF select an option difficult for Iraq to overcome its budget deficit

Expert: IMF select an option difficult for Iraq to overcome its budget deficit

WEDNESDAY, 19 MARCH / MARCH 2014 13:05

Twilight News / counting banking expert and deputy governor of the Central Bank of the previous appearance of Mohammed Saleh, Wednesday, the option of the International Monetary Fund set in his last difficult to verify Iraq to overcome the problem of the fiscal deficit in the budget for 2014, which suffered exceeded 36 trillion dinars.

Saleh said “Twilight News”, the IMF said in his latest report that Iraq can overcome the problem of any financial or fiscal deficit, by maintaining the Read more…

Planning expects the high rate of economic growth during the next three years to 16%

Planning expects the high rate of economic growth during the next three years to 16%

03.10.2014 (0:01 pm)

BAGHDAD / Acer Jabbar

The Ministry of Planning, that the rate of economic growth of Iraq in 2012 and 2013, amounted to about 9%, and as expected to reach the level of growth over the next three years to about 16%, confirmed that it would increase the income of the Iraqi citizen and absorb unemployment and operating labor.
A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi said in an interview to the (long-Presse), “The economic growth rate for Iraq in the Read more…

Central bank: 288 billion dollars sales volume of currency auctions since 2003 until now

Central bank: 288 billion dollars sales volume of currency auctions since 2003 until now

05.03.2014 (0:01 pm)

 Baghdad / Acer Jabbar

Revealed the special bulletins Iraq’s central bank, issued most recently this week, the bank sold more than 228 billion dollars since the start of sessions currency auction in 2003, and so far, showed releases that the commissions earned by the bank of those sales ranged between 3 dinars per dollar, and 24 dinars .
shows and special bulletins containing the bank details of the currency auction, and seen by the (long-Presse), “The auction sales since its first session, in (the fourth of October 2003), and even today, more than Read more…

Economic Commission expects rise in the dollar due to delay budget

Economic Commission expects rise in the dollar due to delay budget

03/01/2014

BAGHDAD / JD /. Economic Commission predicted high sale price of the dollar, due to the delay in approving the budget, while suggesting that the long delay will lead to disruption of the pay of retirees, and install the grades
A member of the Economic Commission MP Albjara told Nora / JD / that the issue of the budget has become a political issue more than it is the subject of state-building economic cares, expressing the regret of the government to pursue the introduction of Read more…

Because of the deficit .. warnings from the International Monetary Fund objection on the budget

Because of the deficit .. warnings from the International Monetary Fund objection on the budget

02/27/2014

BAGHDAD / JD / .. Committee warned the economy and investment representative, the objection of the International Monetary Fund on the federal budget for the year 2014 due to increase its fiscal deficit to more than 35 billion dollars.
A member of the Committee MP Hussein Mura’bi Agency / JD /: “The increasing deficit of the general federal budget to more than 35 billion dollars will play objection large and categorical rejection by the International Monetary Fund and the World Bank, because it will lead to Read more…

Fears of increasing the federal budget deficit to 50 billion dollars

Fears of increasing the federal budget deficit to 50 billion dollars

02/18/2014

BAGHDAD / JD / .. A number of MPs and economists fear of increasing federal budget deficit public to (50) billion dollars, as a result of the adoption of the pension law and allocations petro $ 5, which would be about 7 trillion dinars, and the allocation of (5) trillion dinars covered by amending the law of political prisoners, in addition to the approval of the Unified Retirement Law, which included a significant increase salaries of retirees.
Experts warned during their talk Read more…

Iraq agrees “officially” on an oil pipeline across Jordan

Iraq agrees “officially” on an oil pipeline across Jordan

02.16.2014 (0:01 pm)

Baghdad / term

Reported Transport Minister Hadi al-Ameri, on Saturday, Jordanian Prime Minister Abdullah Eagles approval of his government officially pipeline to transport Iraqi crude oil from Basra, southern Iraq, to ​​the export ports in the port of Aqaba, the extreme south of the Kingdom on the Red Sea coast, according to the reported Jordanian official source.
The agency quoted the official Jordanian news for Ameri saying “the line Read more…

BBC Report: Iraqi Dinar TNT TONY, IMF has called “completely fraudulent”

BBC Report: Iraqi Dinar TNT TONY, IMF has called “completely fraudulent”

#BBCtrending: #Wearethepeople and the ‘fraudulent’ dinar ruse

14 February 2014 Last updated at 21:36 ET

A BBC Trending investigation has found that one of the biggest trends on Twitter in the US – #wearethepeople – involves claims about the Iraqi dinar which the International Monetary Fund has called “completely fraudulent”.

The hashtag #wearethepeople looks huge. Since it took off on 26 January, there have been more than four million tweets. At first glance, those using the hashtag appear to be making an anti-banking, anti-establishment argument – similar to the Occupy movement. “The bankers do not want us Read more…