Posts Tagged ‘Iraqi Dinar’

Iraq to cut off dinar zeros by January 2013

Iraqi Parliament Finance Committee revealed, on Tuesday, that cutting zeros off Iraqi dinar and its redenomination will be taking place in January 2013 adding that printing the new currency will start as of September 2012.

Economic Commission: front companies for the low Saraf of the Iraqi dinar against the dollar

Saturday, May 19, 2012 15:29

BAGHDAD / Baghdadiya News / .. warned the parliamentary Economic Committee, on Saturday, the continuing decline of the Iraqi dinar exchange rate against the dollar, is likely the cause of the decline to the existence of companies regardless bills are fake.

Parliament: great difficulties facing banks

On: Saturday 19/05/2012 6:40

 Karbala / Amjad Ali 
, member of the Economic Committee in the House of Representatives Hussein Almrobei The Iraqi banks facing great difficulties, pointing to the existence of more than 30 trillion Iraqi dinars without the mechanism of action. 
said Almrobei in a statement summed up by the term during his visit to Karbala The law of banks in need of major repairs

He pointed out that the House of Representatives in connection with a conference brings together Iraqi banks with central bank governor. He added that the decision to postpone the Almrobei deletion of zeros from the currency Read more…

Iraq’s attempts to talk about the “looting” the powers of the House of Representatives

Iraq’s attempts to talk about the “looting” the powers of the House of Representatives

19/05/2012 13:21

Erbil, May 19 / May (Rn) – The Iraqi bloc led by Iyad Allawi on Saturday that the executive branch seeks to “rob” the powers of the House of Representatives to strengthen its grip on the joints of the state. critics say Prime Minister Nouri al-Maliki, he sought to impose control in the country through the inventory of independent institutions under its supervision But his supporters say he is working as a legal framework. accuse the Kurds along the Iraqi and other blocks, including the Sadrists, Maliki pursuing a “dictatorship” and Read more…

Value of the dinar is declining because of the sanctions on Iran and Syria .. The Iraqis do not trust him

On: Saturday 19/05/2012 7:37

 Baghdad / Mustafa Habib  
 in a corner on a neighborhood sidewalks Arasat upscale central Baghdad Sadoun Khudair sitting behind Basta small buys and sells U.S. dollars. This Serafi not simple considering the economy and its laws, but he asserts that “the Iraqi dinar is in danger.” Adds Saadoun while wrapped package of thick rubber thread, paper currency, “my career flourished a little these days,” adding that “for the first time in years, Iraqis are increasingly accepted to convert their currency to the local dollar.”

According to the experts may not have heard from the young man Saadoun, the Iraqi dinar is exposed for a few months due to the crisis of political reasons, and other related international sanctions imposed on Iraq’s neighbors, Syria and Iran. During the past few weeks the price of the Iraqi dinar exchange in the domestic market against the U.S. dollar from less than 1200 dinars to 1280, and arrived at certain times to 1300, which means that the Iraqi dinar fell by about Read more…

Parliamentary rule out application of the deletion of zeros next year

On: Friday 5/18/2012 5:36

 Baghdad / term 
member of the Committee ruled out the economy and investment MP Qusay Juma, the implementation of the project to delete three zeros from the currency at the beginning of next year, stressing that he needs to be approved by the Iraqi authorities through legislation law.

Juma said, according to the Agency (news): The project to delete the three zeroes from the Iraqi dinar currency needs to be enough time to apply and can not be implemented shortly, because it includes the deletion of zeros and change the form of currency, not only with the consent of the legislature and the executive in the country through the enactment of the .  Read more…

Member of the economy excludes the application of the deletion of zeros next year and confirms the need to legislate a special law

Date: Thursday, 17.05.2012 8:41

Baghdad (news) .. Ruled out a member of the Committee of Economy and Investment MP / coalition in Iraq / Qusay Juma, the implementation of the project to delete the three zeroes from the currency at the beginning of next year, stressing that he needs to be approved by the Iraqi authorities through legislation law. 
Juma said (of the Agency news) said on Thursday that the project delete the three zeroes from the Iraqi dinar currency requires sufficient time to apply and can not be implemented shortly, because it includes the deletion of zeros and change the form of currency, not only with Read more…

CBI accused banks of “fraud” on the percentage of the sale of hard currency earnings

CBI accused banks of “fraud” on the percentage of the sale of hard currency earnings

17/05/2012 09:55

Baghdad, May 17 / May (Rn) – accused the Central Bank of Iraq on Thursday, banks, except for Rasheed Bank to “circumvent” the rate of profit to sell hard currency specified by the Bank, indicating that those banks turned to the buyer and seller final instead of being a mediator between the central bank and the buyer of foreign currency. acknowledged the Iraqi Central Bank last Friday, the existence of an imbalance in the Iraqi dinar exchange rate and confirmed his quest to unify the exchange rate between him and the local markets and denied at the same time any deterioration of the value of Iraqi dinar. The central bank was accused last week of four states to “conspiracy “to Read more…

Central Bank calls for the formation of a joint committee to resolve the issue

On: Wednesday 16/5/2012 6:35

 Baghdad / term follow-up 
to the Central Bank called for the formation of a joint coordinating committee of the parliament and the government to resolve the issue of the project to delete the zeros of the Iraqi dinar currency.The deputy governor of Bank of the appearance of Mohammed, according to the agency (JD), the draft projects to delete the zeros is a radical change includes modification of accounting systems for all aspects of the state and is not easy.

Saleh added: The main problem with the delay of the project lies in the fear of many officials of the project, noting that this fear is the result of lack of knowledge about the benefits of the project and its effectiveness in supporting the Iraqi economy. And the favor: there is a problem of timing and the opinion of the Council of Ministers on the patient in the project. at the same time revealed the Finance Committee, the parliamentary that the deletion of zeros and replacing Iraqi dinar Read more…

Delete and replace the zeros of the Iraqi currency early 2013

Main points:

• Various categories of new currency will begin to be printed in September 2012
• New currency will be issued in January 2013
• Iraqi Dinars held currently will be pulled off market completely by mid-2014, approximately 1 year from new currency being issued
• Authorities believe new currency will create stability economically and reduce dollarization (hard currency) Read more…

CBI: Exchange rate should stabilize in about 4 months

CBI: the return of the dollar exchange rate to 120 during the day

The central bank said that the exchange rate of the Iraqi dinar against the dollar will return to normal by about the former “120-121″ in a few days, criticizing the lack of government control over the attack, which targeted the regional Iraqi market.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that “the Bank is dominated by heavily on the problem of the high exchange rate of the Iraqi dinar, which is temporary and caused by the attack on the Iraqi market of some regional countries as a result the surrounding circumstances as well as trade openness-free controls sober.” Read more…

Parliamentary Finance: Delete the zeros and the replacement of the currency early 2013

Wednesday 16 May 2012

Revealed the parliamentary finance committee that the deletion of zeros and replacing Iraqi dinar 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 al-Jubouri in a press statement that “the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency,” adding that “as of next September 2012, will be the direct printing of new currency in different categories.” Read more…

Deputy Governor of Central Bank: the dinar will not recover until after the leak check of the hard currency outside

On: Wednesday 05/16/2012 12:32

Baghdad (news) .. Ruled out the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the return of Iraqi dinar to normal, due to increased demand on the dollar, noting that the average central bank sales of foreign currency amounted to (200) million and the volume of demand to buy an estimated half a billion dollars. 
Saleh added ( Agency news) on Wednesday: The demand to buy the dollar from an auction the central bank is increasing every day without knowing why, the volume of demand for dollar estimated half a billion dollars and the average sales of the central (200) million, which will make the Iraqi dinar is unable to Read more…

The central bank continues to project delete the zeros is not entitled to the Council of Ministers suspended

Khandan – confirmed that the Finance Committee in the Iraqi parliament, said the Central Bank of Iraq continues his project to delete the zeros of the Iraqi dinar currency with the introduction of the two languages ​​by Kurdish and Arab, pointing out that he is not entitled to the Federal Cabinet interfering with the bank and stop this project.

Iraq’s current cash crisis: bubble or fleeting appearance of a deeper economic crisis?

Date: Monday 14/05/2012 22:04

Karim Mustafa / Iraqi economic      promises to the economic policy in IraqNacher professionals starting to absence (Revelation) guiding and directing and as mentioned I understood (Revelation) that the transition to a market economy and neglected everything else and concluded (wrongly) that the role of the state should be neutral and interference limited in the areas of disgruntlement . Not Nhz opportunities to sit together to discuss our vision for the future Iraq. had a justification can be understood in the early years of the Read more…

Council of Ministers decides to support the national product and increase the capital of the Rafidain and Rasheed

Tuesday, May 15, 2012 18:26

BAGHDAD / Baghdadiya News / .. Council of Ministers decided, on Tuesday, bought the product to the national ration card items and increasing the capital of the Rafidain and Rasheed.

He said government spokesman Ali al-Dabbagh said in a statement to the Agency / Baghdadiya News / The Council of Ministers decided to “allow the Department of Commerce to buy the national product of the ration card items at a Read more…

Central Bank calls for the formation of a joint coordination committee to resolve the problem of deletion of zeros

05/15/2012

BAGHDAD / JD / .. called on the Iraqi Central Bank to set up a joint coordination committee of the parliament and the government to resolve the issue of the project to delete the zeros of the Iraqi dinar currency. The deputy governor of Bank of the appearance of Mohammed to the reporter and the agency / JD / delete the zeros that the draft project is a radical change includes modification of accounting systems for all aspects of the state and is not easy. He added that the main problem in the delay of the project lies in the fear of many officials of the project, noting that Read more…

Economic Commission in Karbala, 10 offices based banking to convert currency

14/05/2012
Karbala / JD / .. Announced the local government in Karbala inventory vacations banking offices and currency exchange offices only ten, and controls according to the CBI. The head of the Economic Committee in the province of Karbala Tariq Kikhany in a statement to the reporter / agency JD / Monday, “Decides to establish the leave granted to the offices of banking and currency converter leaves only ten.” Noting, “will be granted leave to controls the Central Bank of Iraq.” He added, “The decision to limit vacations to reduce fraud and smuggling currency that spread recently.” He explained, Read more…

Parliament deputy accused of being behind the failures of the Iraqi Central Bank

On: Tuesday 15/5/2012 7:34

 Baghdad / long 
accused the MP for the Iraqi bloc white member of the Economic Commission representative, Aziz Mayahi, the House of Representatives to stand behind the failures of the Iraqi Central Bank. 
said in a statement received the long version of it, “The neglect of the House of Representatives oversight role in the follow-up to the Iraqi Central Bank to make the central bank continue in the failures that had the effect of the continuous rise of the dollar and confusion in cash transactions through the bank to follow the wrong policies in the auction currency. “

He added: Read more…

Parliamentary Finance: Delete and replace the zeros of the Iraqi dinar currency early 2013

Tuesday 15 May 2012

Sumerian News / Baghdad revealed the Finance Committee of parliament 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 in an interview for “Alsumaria News “that” the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency, “adding that” as of next September 2012, will be the direct printing of new Read more…