Posts Tagged ‘Iraq Dinar’

Deleting 3 zeroes from the Iraqi dinar will cost CBI $150 million

Date: Monday 03/26/2012

UAE’s Al Ittihad newspaper Monday, 26/3/2012 official sources within the Central Bank of Iraq that the draft deleted three zeros from the Iraqi dinar and actually began the process of replacement will cost the state budget the amount of 172 billion dinars (150 million dollars), and the budget next year will be the new dinar will «Central» to raise its value gradually against the dollar down to be…. Read more…

Deputy: Linking the central bank under the chairmanship of Minister for the establishment of the dictatorship of financial

26 March, 2012 06:27:37

Independent MP Sabah al-Saadi of the General Secretariat of the Council of Ministers called on the Iraqi Central Bank not to approve any fiscal policy only after the reference.

Saadi said that the General Secretariat of the Council of Ministers sent a letter to the Central Bank two days ago, demanding that the non-approval of state fiscal policy or the exercise of its powers only after the approval of the Council of Ministers, said.. Read more…

Securities Commission confirms that the impact of the deletion of zeros on the Government of Iraq’s foreign

On: Sun 03/25/2012 6:31

 Baghdad / range 
 declared the Iraq Stock Exchange yesterday, Saturday, that the deletion of three zeros from the local currency will not affect the level of equity investment of external and internal. 
and announced that the Securities Commission for a stop work efffective from Sunday until next Thursday in response to the holiday announced by the Iraqi government .
The executive director Abdul Razak said that.. Read more…

Economists fear the process of lifting the zeros from the Iraqi currency

Date: Monday 26/3/2012 7:09

Baghdad / term
A number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of foreign equity to 20% after it witnessed during the current year 80%.
He said an economist and professor at the University of Mustansiriya Radi al-Husseini that “the stock of Foreign Affairs of the Stock Exchange will drop to 20% if the Iraqi Central Bank to raise three zeros from the local currency, because.. Read more…

Banking expert: the need to develop a scientific and well thought out plan for the development of banking

On: Sun 03/25/2012 8:25

Baghdad (news) .. Called for a banking expert Mohsen Ali to the need to find a new action plan scientific and well thought out for the advancement of the banks and development, stressing that the banking policy in Iraq is clear and need to reconsider it. 
Ali (of the Agency news): The indicators of scientific and the results of banking business, all indicate that the Iraqi banks need an urgent and.. Read more…

Economists: marginalization and under-law made obstacles stagnant private banks

On: Sun 03/25/2012 11:31

Baghdad (news) / report / Qusay Adhami / .. Since the inception of private banks in Iraq, through trying to make it an important element of the national economy and investment, leading to the establishment of more than thirty banks of them, notes involved in the economic survival of stagnant and limited possibilities. it is still small due to limited capital, which led to the reluctance of some and aversion to government institutions, including, as indicated.. Read more…

Central: In the «planning» 37 impediment to implementation of investment projects and foreigners are fleeing because of the seventh item of contraband and technological

Iraqi Economists fear the process of lifting the zeros of the Iraqi currency

25/03/2012 14:01

Baghdad, March 25 / March (Rn) –The number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of foreign equity to 20% after it experienced during the current year 80%.   He said an economist and professor at the University of Mustansiriya Radi al-Husseini, told the Kurdish news agency (Rn) that “the stock of Foreign Affairs of the Stock Exchange will drop to 20% if the Iraqi Central Bank to raise three zeroes from the local currency, because it is not something organizationally, but beyond that where it causes obstruction financial transactions, including.. Read more…

Central banks, financial and agree to resolve problematic Warka Bank

Saturday, March 24, 2012 07:03

BAGHDAD / Baghdadiya News / Sources close to the Central Bank and the Ministry of Finance’s efforts to resolve a problematic custody of the Warka Bank by providing financial support to him, and between the Executive Director

Central Bank Governor: Increase the pressure on our economy after the “isolate” Iran’s banks

Saturday, March 24, 2012 08:56

BAGHDAD / Baghdadiya News / .. An official high in the monetary authority increased pressure on the Iraqi economy after the feet of institution-based Swift Broxsl isolate Iranian banks from the global banking system

Deputy: the deterioration of security in the neighboring countries to withdraw more than the dollar

On: Sun 03/25/2012 6:32

 Baghdad / range
warned a member of the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri of increased demand on the U.S. dollar result of the deteriorating security situation in neighboring countries, and urged not to reduce the dollar selling at auction the central bank when increasing the demand for buy to maintain the value the dinar against the dollar.
Yasiri said.. Read more…

Mahdi Al-Hafiz calls to take advantage of monetary reserves in the development

03/24/2012 1:54 
Baghdad Yasser incumbent is cash reserve real indicator of the economic situation of the country the more was great, it demonstrates its ability to meet the challenges and problems that beset the world and vice versa, any lack of ability and if we know that the cash reserves of Iraq is estimated at (60) billion dollars, how is measured by its ability to.. Read more…

Deputy: the deterioration of security in the neighboring countries will increase the drag and lift the dollar value against the Iraqi dinar

On: Saturday 03/24/2012 13:30

Baghdad (news) .. Member of Finance Committee warned the MP / National Alliance / Abdul-Hussein al-Yasiri of increased demand on the U.S. dollar a result of the deteriorating security situation in neighboring countries, and urged not to reduce the sale of the dollar in an auction when the central bank to increase the popularity of buy to keep the value of the dinar against the dollar. 
Yasiri said (of the Agency news) on Saturday: The increase in.. Read more…

Economic parliamentary: Iraq’s new currency will include the Kurdish language and archaeological features of the Kurdistan region

24/03/2012 14:32

Dahuk, March 24 / March (Rn) – The decision of the Economic Commission representative in the Iraqi Council of Representatives, Saturday, that the new Iraqi currency will of the Kurdish language alongside Arabic and English, as well as photographs of the archaeological features of the Kurdistan region. said Mahma Khalil told the Kurdish news agency (Rn), on Saturday that.. Read more…

Central Bank warns that the customs tariff will raise the rates of inflation and commodity prices

22 March, 2012 07:06:28

Warned the deputy governor of the Central Bank of the high rates of inflation in the country when applying the law of customs tariff, because it will lead to increasing prices of goods and foodstuffs.

The appearance of Mohammed Saleh said Thursday that the law on customs tariff is one of the internal factors that may lead to higher inflation rates in Albulader, adding that he will lead to increased prices of materials and.. Read more…

Central Finance and agree to resolve the problematic Warka Bank

Friday, March 23, 2012 15:40

BAGHDAD / Baghdadiya News / .. with sources close to the Central Bank and the Ministry of Finance of the existence of efforts to resolve the problematic custody of the Warka Bank by providing financial support, between the Executive Director of the Association of Banks Abdul Aziz al-Hassoun of the central bank told us officially preparing for.. Read more…

Parliamentary committee: tariff system will enter Iraq to WTO

23/03/2012 14:18

Baghdad, March 23 / ​​March (Rn) – The Commission on economy and investment representative, on Friday, that the implementation of Iraq’s system of tariffs will enter into the World Trade Organization, noting that the government is obliged to take action to protect the economy and lack of high prices.was Finance Minister Rafie al-Issawi had announced last week, the identification of the first of next June as the date for the work of system tariffs in Iraq after being postponed twice, “stressing that” this time can not postpone the work it. ” said the Commission’s decision Mahma Khalil told the Kurdish news agency (Rn) that “the Iraq is ready to apply the system of tariffs, especially after… Read more…

New War of Words Between Baghdad and Erbil

21/03/2012 05:14:00

BAGHDAD – A war of words has been raging in the media between Iraqi and Kurdish political groups.

Recent statements by Kurdistan Region President Massoud Barzani angered many politicians, in particular legislative officials in the Iraqi government. In a speech at the Kurdish Youth Conference last week, Barzani said…

Read more…

This is what we need to hear!!!!!… Zebari: Iraq will return to its natural place after the Arab summit

On: Wednesday 03/21/2012 20:06

Moussawi: the conference is very important to the nature of the circumstances surrounding the region of Baghdad – Alaa al-Tamimi expect a member of the Foreign Relations Committee, the parliamentary return of Iraq to its natural place after the Arab summit in Baghdad. A member of the staff of Zebari’s (Citizen): »that holding the summit in Baghdad index positive for the return of Iraq to its natural place among the world »., and added»… Read more…

Sangaree: Iraq is forced to the commitment of the UN resolutions on Kuwait and to restore normal in the region

Monday, March 19 / March 2012 13:22

[Baghdad – where]

The MP said the Iraqi List, Knight Sangaree that “Iraq is obliged to comply with UN resolutions on the demarcation of the border with Kuwait and to restore normal in the region.”

He Sangaree told all of Iraq [where] the day that I “do not agree to give the new territory of the State of Kuwait, but Read more…