Posts Tagged ‘Iraqi Dinar’

Cancellation of zeros dinar

Cancellation of zeros dinar .. And the release of prisoners of the Central Bank

Posted, Adel Abdul-Mahdi – 10/29/2013 – 10:36 pm

Could the central bank since 2003, raising precautions from bankruptcy and debt to more than 80 billion dollars. And was able to achieve the objectives assigned to it and essentially constant currency and control inflation ..

Dropped the price of the dollar from 1500 dinars to the dollar in the (2003) to (1166) .. Any citizen achieved (23%) Zaardh on income that was received by .. Inflation fell foundation year and inflation of about (75%) .. And Read more…

Iraqi Dinar/Dollar auction 10-29

Iraqi Dinar/Dollar auction 10-29

Currency Auctions Announcement No. (2516)

The latest daily currency auction was held in the Central Bank of Iraq on the 29-Oct-2013 . The results were as follows:

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. Read more…

MAJOR PROBLEMS IN NEXT YEAR’S BUDGET

MAJOR PROBLEMS IN NEXT YEAR’S BUDGET

29 October 2013

Expected to head the Finance Committee in the House of Representatives Haider Abadi, the late arrival of the draft budget law in 2014 to the Council to contain the problems in the financial structure, revealing that the discussions of the Ministerial Committee for examining details of the budget continues. expressed Abadi 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…

Financial Parliament: big problems in the financial structure of the budget 2014

Financial Parliament: big problems in the financial structure of the budget 2014

10/29/2013 12:00 AM

Expectations delayed arrival to the Parliament and preliminary estimates a deficit of large
Baghdad, Alaa al-Tai
predicted Chairman of the Finance Committee in the House of Representatives Haider Abadi, the late arrival of the draft budget law in 2014 to the Council to contain the problems in the financial structure, revealing that preliminary figures indicate that the amount of the budget amounted to 174 trillion Iraqi dinars, with a deficit of nearly 30 trillion Iraqi dinars.
revealed Abadi in a statement »Center Brief for Read more…

Iraqi Dinar Guru opinions 10-28

Iraqi Dinar Guru opinions 10-28

10-28-2013 Newshound Guru Doc We are closing out October with much the same status as we started. The news has focused on some progress specifically passage of the Economic Reform Law by the CoM. This is indeed great to see. We still must exercise patience in that it is not law as of now. It still must go through parliament which we believe will not addressed until December. The HCL has been in the news but again most likely will not be addressed until December. With this the key infrastructure will not be in place “at any moment” and therefore our opinion remains that currency reform will not occur in the short term. These laws are not official until you see them in the Gazette period. 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:

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. 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…

Iraqi Dinar Guru opinions 10-26

Iraqi Dinar Guru opinions 10-26

10-26-2013 Newshound Guru Millionday [One thing I read said that Maliki, Turki, Barzani and one other guy were here in the states…at least all about the same time…What do you know and think about that?] i saw that we have reports…that he was to be here today the 25th — maliki and also we have reports for each date up to the 1st of november …because of the much needed security that is going to be for this meeting — it lets us know that he truly is coming…and a meeting on the 1st of November. Read more…

Iraqi Dinar/Dollar auction 10-26

Iraqi Dinar/Dollar auction 10-26

Currency Auctions Announcement No. (2513)

The latest daily currency auction was held in the Central Bank of Iraq on the 26-Oct-2013 . The results were as follows:

. Read more…

ECONOMIC COMMITTEE MEMBER URGED FOR BAGHDAD AND KURDISTAN DISPUTE RESOLVE FOR 2014 BUDGET APPROVAL

ECONOMIC COMMITTEE MEMBER URGED FOR BAGHDAD AND KURDISTAN DISPUTE RESOLVE FOR 2014 BUDGET APPROVAL

Posted, 26 Oct 2013

Member of the Committee for economy and investment Deputy, the importance of overcoming all the differences between the Governments of the region and the Centre for oil in next year’s budget, noting that committees formed between Arbil and Baghdad failed for solutions to end the disputes.
Sheyaa stated to the local news agency, “The parliamentary blocks required to develop radical solutions to their Read more…

Experts: civil oblige banks to increase its capital without opening the wrong decision constraints

Experts: civil oblige banks to increase its capital without opening the wrong decision constraints

10/26/2013 12:00 AM

Wondered about the reasons for the failure to extend the government banks decision
Baghdad – Mostafa Hashemi – * شكران Fatlawi
saw experts and specialists in economic affairs that the central bank’s decision excluding the 12 banks waged from the auction currency and deprive it of cash sales, transfers and appropriations would open the door to the parallel market to emerge and retreat of the real role of banks civil serious in the search for a banking partnership with the world’s largest banks. While others 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…

Senior banker: fraud currency will weaken the purchasing power of the Iraqi dinar

Senior banker: fraud currency will weaken the purchasing power of the Iraqi dinar

26-10-2013 09:27 AM

Baghdad (news) .. Said banking expert wholesome Elias Abbou, if fraud currency negatively affect the Iraqi economy, and undermine the confidence of citizens while dealing with any currency. said Abbou (of the Agency news): The process of forging currency will affect the Iraqi economy and the value of the Iraqi dinar currency and in turn will lead to Read more…

Iraqi Dinar Guru opinions 10-25

Iraqi Dinar Guru opinions 10-25

10-25-2013 Newshound Guru Adam Montana [What info do you have on Iraqs currency reform plans? Current/recent plans to increase its value to $1.00 then $3.00 range? Stated time frames? Where on the web can we go to monitor this topic?] Keepin it real here, bud… I hate to be the bearer of bad news, but there is no public place you can see that information. If they have a Currency Reform plan that follows that agenda, we are not going to have access to it. Read more…

Iraqi Dinar Guru opinions 10-24

Iraqi Dinar Guru opinions 10-24

10-24-2013 Newshound Guru Millionday we have the call to minimize the currency on the streets now by launching the electronic payment system – we know as plastic — they call it electronic modern banking and one of the benefits of the redenomination and monetary policy. they are in a huge hurry and are calling for the launch now and are stating the funds (federal) are transferred …for them to say they have called for that to be done has me excited right now. 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 10-24

Iraqi Dinar/Dollar auction 10-24

High central bank sales of the dollar in the auction today

15:26 10/24/2013

Baghdad – and babysit – increased central bank sales of the dollar in the auction Thursday for more than $ 166 million after it was Wednesday’s $ 163 million.
According to a statement of the bank received a copy of public opinion that “the size of the amount sold by the bank at the auction of the dollar today reached Read more…