Posts Tagged ‘Iraqi Dinar’

Member of the economy: the central bank can make the dollar equivalent of (1000) JD requirement to change its current policy

On: Saturday 26/05/2012 10:34

Baghdad (news) .. According to a member of the Committee of Economy and Investment MP / block Iraqi white / Aziz Mayahi, the ability of the central bank to make one dollar is equal to (1000) Iraqi dinars, the requirement to change its monetary policy current, and described as “wrong” and need to re-examine them. 
said Mayahi (of the Agency news news) on Saturday: The central bank was able to reduce the value of the U.S. dollar against the Iraqi dinar and make the exchange rate is equivalent to (1000) Iraqi dinars, because of the financial reserve a large estimated at more than (62) billion dollars. He added that the Read more…

Central Bank says that he seeks to install the exchange rate to 1189 Iraqi dinars to the dollar

Central Bank says that he seeks to install the exchange rate to 1189 Iraqi dinars to the dollar

26/05/2012 10:56

Baghdad, May 26 (Rn) – The Central Bank of Iraq, Saturday, that the goal of monetary policy is to maintain and keep the Iraqi dinar exchange rate against the dollar by 1189, indicating the stability of the exchange rate in local markets after the expansion of outlets selling the dollar.

Parliamentary Finance Committee: Increase the points of sale of foreign currency value of the dinar patches

Parliamentary Finance Committee: Increase the points of sale of foreign currency value of the dinar patches

Babylonian News / Baghdad
Friday, 25/5/2012
Said the Finance Committee representative that its proposal submitted to the Central Bank of Iraq on increasing the number of agencies responsible for the sale of foreign exchange (banks, Rafidain and Rasheed), which was applied during the last few days, contributed to raise the value of the Iraqi dinar against the U.S. dollar.
and approved the Central Bank of Iraq earlier in the presence of defect in the Iraqi dinar exchange rate, and Read more…

Iraq Central Bank to sell Dollars facing Iraqi Dinar depreciation

25-05-2012 – 05:47
In a series of measures to face Iraqi dinar depreciation facing the Dollar, Iraqi Central Bank authorized Al Rafidain and Al Rashid governmental banks to sell the Hard Currency in direct auctions in order to provide larger quantities of Dollar and fulfill increasing demand thereof. Our new measures helped increasing Iraqi dinar exchange rate which is expected to become stable in the few coming days, Deputy Governor of Iraqi Central Bank revealed. Read more…

Deleting the zeros depends on the CBI’s control over the dinar exchange rate; Calls for adoption of new monetary policies before implementation

FRIDAY, MAY 25 / MAY 2012

Confirmed to the parliamentary Finance Committee, on Friday, that the implementation of the project to delete the zeros of the Iraqi dinar currency and restructuring depends on the extent of control and control of the Central Bank of the exchange rate of the Iraqi dinar against the dollar, as called for the adoption of new monetary policies before the implementation of the project. Read more…

Increase in Iraqi dinar value is due to central bank’s regulatory procedures, says parliamentary committee

BAGHDAD, May 24 (AKnews) – The Iraqi parliament’s finance committee stated yesterday that applying its proposal submitted to the Central Bank of Iraq (ICB) about increasing the number of agencies responsible for the sale of hard currency has contributed to raising the value of the Iraqi dinar against the US dollar. The presence of Rafidain and Rasheed banks has increased the number of agencies responsible for the sale of hard currency.

Finance committee member Hadi Amin said: “This action contributed to raising the value of the Iraqi dinar against the dollar and the central bank will keep, in its procedures, the stability of this state.” Read more…

Parliament: the smuggling of foreign currency abroad contributed to the reduction of the dinar exchange rate

On: Friday 5/25/2012 3:07

 Baghdad / range 
revealed the decision of the Economic Commission Deputy Mahma Khalil smuggling operation (4) billion dollars to one of Iraq’s neighboring countries through dealer under the pretext of importation of certain goods in the month of April, which led to the increase in the exchange rate of the dollar against the Iraqi dinar. Khalil said, according to ( Agency news) on Wednesday:

There are signs of smuggling (4) billion dollars to one of the countries of the region surrounding Iraq in April last by a person who has promoted transactions and fake pretext that he imported goods containing electronic devices (TVs, computers), noting that the funds came out without receipt of any goods to the country. He added that the hard currency out of the country Read more…

Central Bank confirms the reduction of teams dinar exchange rate to 4%

On: Friday 5/25/2012 5:40

 Baghdad / term 
central bank announced a reduction of teams dinar exchange rate to 4% after it was 7%, while assuring that the process of raising its value in the market and make the dollar worth 1000 Iraqi dinars. The deputy governor of the Central Bank of the appearance of Mohammed “Alsumaria News”

The bank was able to reduce the difference between the sale price of the dollar in the auction conducted by a day and between the price of the dollar in the market to 4% after it has reached more than 7% during the last period, “asserting that the bank seeks to reduce the difference to 2%, which is typical spreads in the countries the world and accepted in the difference of price.

Saleh added that the bank Read more…

Iraq: the high value of the dinar against the dollar after the regulatory action

Iraq: the high value of the dinar against the dollar after the regulatory action

23/05/2012 16:06

Baghdad, May 23 / ​​May (Rn) – The Finance Committee representative on Wednesday that its proposal submitted to the Central Bank of Iraq on increasing the number of agencies responsible for the sale of hard currency (bank Rafidain and Rasheed) which was applied during the last few days has contributed to raise the value of the Iraqi dinar against the U.S. dollar . and approved the Central Bank of Iraq earlier in the presence of an imbalance in the Iraqi dinar exchange rate and confirmed his quest to unify the exchange rate between him and the Read more…

The central bank sold dollars to the citizens for the purpose of reducing its price

05/21/2012   05:18 pm

BAGHDAD / electronic integrity

Central Bank of Iraq on Monday for the conduct of the Rafidain and Rasheed to sell the dollar for the citizens at 1189 Iraqi dinars.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh said in a statement it had received “e-righteousness” that this step aims to benefit citizens directly from the exchange away from the monopoly exercised by the other. Read more…

Central Bank denies the existence of money laundering

On: Wednesday 23/5/2012 6:10

 Baghdad / range 
denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, a money laundering and that dealing with banks is according to the law, pointing out that the sale of more than three billion dollars in the month of April last is normal. 
said in favor of “Twilight News” The rate of sales If the month of April were more than three billion dollars, it may take a moderate level of rates compared to last year, adding that the situation this year is different from the past in relation to the terms and conditions set by the Central Bank of Iraqi traders to buy foreign currency. “

Saleh added that the sale of more than three billion dollars in the envelope of Read more…

Central Bank announces increase the base annual inflation in April to 6.7%

Tuesday 22 May 2012

Sumerian News / Baghdad Central Bank of Iraq, Tuesday, about rising inflation annual basis for the month of April, to 6.7 per cent, as pointed out that the housing sector and fluctuations in the exchange rate has an impact on raising the rate of inflation, he stressed that this increase is still “not worrying . ” said Deputy Governor of the Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, “annual inflation basis rose in the month of April, to 6.7% compared with the annual inflation basis for the month of March, who scored 6.2%, up by 1.0%.”Saleh added “There are two important factors impact on raising inflation in Iraq are the housing sector due to rising rents housing and electricity, in addition to the fluctuations that occurred in the exchange rate of the Iraqi dinar in recent times.” Saleh pointed out that Read more…

Mechanism for the inclusion of all the provinces of the Central Bank auction

05/22/2012 0:00

Financial Expert: consistently low expectations of the Iraqi dinar against the dollar in the coming days

Financial Expert: consistently low expectations of the Iraqi dinar against the dollar in the coming days

On: Tuesday 22/05/2012 11:42

Baghdad (news) .. attributed the financial expert, Hussein Allawi, the star, the low exchange rate of the dollar against Iraqi dinar between (1222-1223) of the policy that I follow the central bank offer (your customer), and the role of the Iraqi media, and expected continued decline in the dollar against the Iraqi dinar. 
said the star (of the Agency news) on Tuesday: The low exchange rate of the dollar against the Iraqi dinar is up to the policy that I follow the central bank introduced (your customer) and the instructions issued by the Bank in determining the roles of the companies participating in the auction. pointed Read more…

Sudden rise in the price of the Iraqi dinar against the dollar leads to confusion in the currency exchange traders

Sunday, May 20 / May 2012 17:00

Baghdad {: News} Euphrates has seen a remarkable rise of the Iraqi dinar against the dollar after its value decreased lasted for several months.

He returned Iraqi dinar exchange rate to the normal rates of $ 123 thousand dinars for the paper category hundred dollars, a little like what it was before 3 months.

The exchange rate of the dinar against the dollar has declined significantly, reaching to 130 thousand dinars for the paper category percent dollars. Read more…

Central Bank of Iraq authorizes the Rafidain and Rasheed to sell the dollar

Monday, May 21, 2012 12:59

BAGHDAD / Baghdadiya News / .. After studies lasted for more than a year the Central Bank decided to give up part of his duties relating to the sale of foreign currencies

Experts (range): the decision of the central bank to raise capital, the banks behind the decline of the stock market

On: Sun 20/05/2012 6:14

 Baghdad / Qais sticks 
The head of the Securities Commission Abdul Razzaq al-Saadi reasons Enkhavd general index of the Iraq market for securities by nature too. 
 said Saadi (range): The reasons for this decline is the result of investors awaited all budget companies and outcome of the election of those companies where it recommends the investor the importance of choosing investment locations Through the control of those companies and study its present and future, stressing that this case healthy and very normal, indicating that this case stand out annually since 1992 and so far, and get decline usually at the end of each year. said Saadi: The second reason is the fluctuation of the value of Iraqi dinar against the dollar, making the Some owners of the funds traded in the money in Read more…

Rapporteur of the Finance Committee: the phenomenon of smuggling foreign currency due to ongoing border control

On: Sun 20/05/2012 13:57

Baghdad (news) .. Affirmed the decision of the Finance Committee MP / coalition in Iraq / edited by electrodes persistence of smuggling hard currency to neighboring countries because of government’s inability to complete control of the border. 
said electrodes (of the Agency news) said on Sunday: The regional changes and the difficult circumstances being experienced by some of the surrounding countries Iraq Kdavlata Iran and Syria have made ​​them turn to smuggle hard currency from Iraq to the depletion of their interests and to save their economies and their currencies from degradation. He added that Read more…

Low exchange rate of the dinar against the dollar .. The market is witnessing a surge in turnout

05/20/2012 3:01
Deputy: five conditions capable of reviving the economy most notably a correct vision
of Baghdad – Haider Filaih spring 
saw the dollar on Saturday, an unexpected drop was accompanied by clear decline in the prices of materials and goods in local markets, and attributed the specialists in the economic reasons for the drop to a kind of balance in supply and demand between the dollar and the Iraqi dinar as the two goods can be purchased and traded with them, but economists said the rising rates of dollar sales in the auction currency held by the central bank was behind the low exchange rate of foreign currency (dollar) against the Iraqi dinar, where the dollar fell to $ 123 thousand dinars for every 100 dollars, after rising in recent weeks to reach about 130 thousand Iraqi dinars…. Read more…

Delete the zeros of the Iraqi currency printed the beginning of 2013 and the new currency in early June

Babylonian News / Baghdad

الثلاثاء 15/5/2012 3:47 PM

Iraqi parliamentary sources said that printing new Iraqi currency will start early next month of June will be replaced with the currency and delete zeros of which will be the beginning of next year 2013.

The parliamentary Finance Committee on Tuesday that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September.
A member of the Finance Committee Haitham Jubouri that “the month of Read more…