Posts Tagged ‘Iraqi Dinar’

Economic Parliamentary dinar will recover against the U.S. dollar

07/04/2012 11:38

Baghdad, “Iraq’s gate,” Mohammed Sharif

Economic Commission affirmed the decision in the House of Representatives, said on Saturday that “the dinar will recover against the U.S. dollar across a range of measures to be taken.

He said Mahma Khelil told state television the Iraqi response to a question about the likelihood of the survival rate of the dinar to what it is now in front of the U.S. dollar, that “the dinar will recover against the U.S. dollar across a range of measures to be taken by the Iraqi government and by the Central Bank of Iraq as the highest monetary authority “.

He pointed out… Read more…

Expert: the time is perfect for the deletion of zeros from the currency of the instability of political situation

On: Saturday 07/04/2012 13:32

Baghdad (news) .. Warned the economic analyst Ibrahim al-Mashhadani, the implementation of the project to delete the three zeroes from the Iraqi currency early next year, being an important project needs to be political and economic stability over the country when applied. 
Mashhadani said (of the Agency news) on Saturday: The time set by the central bank to implement the project delete the three zeroes from the Iraqi currency and due early next year is not ideal and needs to reconsider it, because… Read more…

Conflict between the legislative and executive control of the Iraqi Central Bank

On: Friday 06/04/2012 17:45

Baghdad / citizen 
at the time warned the Iraqi Council of Ministers of the Central Bank of Iraq of the consequences of the adoption of any tasks related to monetary policy without his consent, return of the Iraqi parliament these claims violations that can not be tolerated, especially since the Constitution gave the central independent authority under the supervision and control of the legislature without other.(citizen) got the official letter issued by the General Secretariat of the Iraqi Council of Ministers with the number s / 02/01/26 at 15/3, which is directed to the Iraqi Central Bank which stated,… Read more…

Member of Finance Committee: lack of central bank sales of the dollar led to the low exchange rate of the dinar

On: Friday 06/04/2012 12:00

Baghdad (news) .. ills member of the Finance Committee in Parliament MP from / National Alliance / Abdul-Hussein al-Yasiri reasons for the low exchange rate of the Iraqi dinar against the U.S. dollar to the lack of central bank sales of the dollar in the auction, although there is high demand on the buy. 
Yasiri said (of the Agency news news) Friday: The currency is a commodity and the applicable law “Ditamikih supply and demand,” ie the greater the demand for the purchase will increase its price and… Read more…

Mashhadani: Delete the zeros will not harm the real value of currency

04/04/2012

Asadi reveals the disappearance of {24} billion dinars from Basra since 2009

Sunday, April 1 / April 2012 11:44

Asadi reveals the disappearance of {24} billion dinars from Basra since 2009

{Basra} Euphrates News A member of the Integrity Committee in Parliament MP Hussein al-Asadi for the disappearance of {24} billion dinars from Basra since 2009, pointing out that “the money was unaccounted for until now.”

The MP of the state law has revealed Hussein al-Asadi told the News} {Euphrates last Friday for a delay in some important projects in the … Read more…

DEBUNKED!!!Worldwide Celebrations as Iraqi Dinar Revalues 1:1000!

WE are boycotting this website for this mean April fools joke, my apologies to everyone. I am leaving this post up for review until the dust clears. Again ….very sorry that a once reputable website would find this funny or stoop to this level.

Posted on 01 April 2012.

Just as the dinar speculators predicted, Iraq has re-valued its currency 1000-fold, making dollar-millionaires of ordinary folk from Anbar to Arkansas!

The unprecedented 100,000% revaluation was welcomed by businesses all across the world, who saw nothing strange about paying $1,000 today for something that was priced at $1 yesterday. At the stroke of a pen, foreign companies now pay their cleaning staff in Iraq more than they pay board-level directors back at home. Read more…

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

BAGHDAD – Firas Al Hamadani Saadoun

He attributed the Iraqi Central Bank dropped rates of implementation of projects in the country to “factors internal and external,” and explained that there are dozens of obstacles to the implementation of projects annexed instructions of the Ministry of Planning, at a time when playing foreign companies working in the country that is still under Chapter VII of the UN Charter, and.. Read more…

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…