Iraqi private bankers hold Ministry of Finance, CBI responsible for IQD decline; Banks and citizens threaten protests

Posted: May 17, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-17 at 9.58.05 AMEditor: BK, BS 15.5.2013 17:56

Download bankers and economies, on Wednesday, the Ministry of Finance and Central Bank of Iraq responsible for the decline and the reality of private banks, local, while accusing the latter encouragement of Arab Banks and Iran at the expense of Iraq, and threatened to organize a sit-If you do not amend the laws to their work, he saw an economic analyst, that “the current circumstances do not allowed to go towards investment banks because the banking culture “is still lacking.” Read the rest of this entry »

Economic Committee Member: Current issue with dinar is not natural; Blames poor monetary policy

Posted: May 17, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-02-16 at 12.22.47 PM11:56 17/05/2013Agencies -

A member of the parliamentary economic committee continued decline in the price of the Iraqi dinar against the U.S. dollar, “the issue is not natural.”

He said committee member Amer winner today that “the low price of the Iraqi dinar against the dollar issue of abnormal and might lie behind certain purposes.” Read the rest of this entry »

Iraq Commerce Meeting Discussed WTO Issues: Members Agree Iraq Needs WTO Membership; But Laws Need Amended

Posted: May 17, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-17 at 10.04.08 AMSpecialists emphasize the need for Iraq to join the World Trade Organization and businessmen: will not join even after fifty years if laws do not change

Author: TZ
Editor: AJ, RS 13/05/2013 20:04

Confirmed the deal with matters relating trade in the province of Diwaniyah on Monday, “Iraq’s need” to join the World Trade Organization, while confirmed by the Ministry of Commerce said joining the organization “will move the Iraqi economy,” “ruled out” businessmen the possibility of it on the ground until “after fifty years, “and attributed the cause to” the absence of legislation “in a position to put Iraq into the international system, demanding the cancellation of” the Ministry of Commerce. ” Read the rest of this entry »

IQD value rapidly deteriorates; 1220 to 1 USD…Now 1300 to 1 USD

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 2.06.16 PMTuesday, 14 May 2013 20:53 | | |

Baghdad (AIN) -The price of the US dollar in the local markets reached 1,300 Iraqi dinars, compared to 1220 dinars in mid-March and represents a significant reduction of the Iraqi dinar’s value since the two last years.

It is known that the official price of the USD until this day, according to the Central Bank of Iraq is IQD 1166 and that means that the value of the Iraqi dinar has reduced more than 11%.

According to representatives of All Iraq News Agency (AIN), this decline has led to increasing prices for a lot of goods in local markets and especially the imported ones. Read the rest of this entry »

Iraqi Integrity and Economic Committee discuss IQD’s rapid decline; Points part of the blame at GOI

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 1.55.11 PMCongress: Dinar setback for errors not far from the central government in the file
Range – 05/16/2013 – 10:23

He said deputies from the Integrity Committees and economic النيابيتين that measures suffered by the central bank and the former crew, led to a significant setback for the dinar against the dollar recently, as part of a package of measures is studied which led to a decline in the reputation of Iraq in front of the financial community in the world. Read the rest of this entry »

Experts warns GOI against tapping into CBI financial reserves

Posted: May 16, 2013 in Iraqi Dinar/Politics
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05/15/2013 (23:01 pm)

Warned specialize in regard financial and banking system of the use of the balance of central bank reserves of hard currency in economic development projects, comes at a time the central bank from higher reserves of hard currency it to $ 74 billion, and coincided with the devaluation of the local currency by 1127 dinars to the dollar in the local market. Read the rest of this entry »

Shabibi ousted from CBI, IQD drops; Dinar at lowest level in two years

Posted: May 16, 2013 in Iraqi Dinar/Politics
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English: Governor of the Bank of Irak.

Observers: dip, Shabibi dinar missed and we fear the continued decline
THURSDAY, 16 MAY 2013 17: 07

Iraqi dinar is currently experiencing a decline in its value against the US dollar since the Government sacked the former head of the Central Bank, Sinan Al-Shabibi is raising concern among money and economy in particular.

And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to about 1,300 dinars after was stable from 1120, the highest rate of exchange-rate mechanism for the last two years. Read the rest of this entry »

Iraq takes step to make country lucrative to outside investment; Bill omitting taxes and fees up for approval in the house

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Inside of the Baghdad Convention Center, where...

05/16/2013 12:09
The Iraqi government said it had agreed on the draft exemption Iraq and foreign companies implementing investment projects from taxes and fees to encourage the movement of investment in the country.

The Iraqi environment is attractive to investors and capital owners wary of entering the market, despite the availability of opportunities Iraqi result of tensions security and poor services as well as the bureaucracy. Read the rest of this entry »

International companies intensify its activities within the Iraqi market

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 1.41.50 PM05/16/2013 06:50
Confirmed Ford and Lincoln that the Iraqi market has achieved higher growth rate in sales of Ford during the first quarter of this year by nearly 200 percent with the high demand for cars Taurus, Edge and Explorer and Expedition. Said Larry Bryan, Executive Director, Ford Middle East,

said: “There is no doubt that the sales for this year has seen the start of an extraordinary and powerful; The results we have achieved so far point to the success of the strategy Ford in Iraq and the countries of the region, which leads us to expand our business in these areas and one One Ford in achieving our goals., and we will continue to focus on business development in cooperation with our dealers, and strive to create models of high-quality sought by customers quotation Ford, Lincoln, includes creations and unique technologies add to the value Read the rest of this entry »

Biden’s plan for dividing Iraq

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 1.38.35 PMBiden on the road to project implementation!!.

16-05-2013 06:21 PM
-
Committed the security agreement partners the political process signatories to the implementation of the final phase of occupation program, a federal application stage.

The fact that the position of the occupation was not clear in any case such as the visibility of the issue of federalism he declares at night and during the day he wants to sees a federally Iraq, and the leaders of the fundamental process required all know them completely, and they are the keepers of strictly implemented. In order rushes Iraq to the final phase of the planned decree also wants the U.S. occupation has كلت Obama administration Iraq dossier to Biden Republican Almtzin that has already been presented to Bush and Congress project to divide Iraq, and here he is today oversees the implementation itself has started its activities in practice heats the political situation in preparation for the division was distribution of roles on the partners of the political process as follows: Read the rest of this entry »

CBI Daily Currency Auction Results for May 16, 2013

Posted: May 16, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 16-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 27
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 231,188,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 231,188,000
Total offers for selling (US$) —–

Exchange rates

 

Iraq and Kuwait Foreign Ministers Discuss Successful Relations, Ending Chapter VII

Posted: May 15, 2013 in Iraqi Dinar/Politics
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Cropped image of Iraqi Foreign Minister Hoshya...

Two articles

Zibari, Kuwaiti Ambassador discuss positive progress in bilateral relations
Wednesday, 15 May 2013 15:40 | | |

Baghdad (AIN) -The Minister of Foreign Affairs, Hoshyar Zibari discussed with the Ambassador of Kuwait for Iraq, Ali Mohamed al-Mu’min, the constructive progress that was achieved through the mutual cooperation between both countries.

Read the rest of this entry »

Financial expert calls for the central bank to take the necessary measures to save the Iraqi dinar exchange rate

Posted: May 15, 2013 in Iraqi Dinar/Politics

15-05-2013 12:37 PM

Baghdad (news) .. He favored a financial expert Abdul Sattar al-Hashemi, the continued reduction of Iraqi dinar exchange rate against the U.S. dollar unless there are serious by the central bank to develop a plan to save the national currency.
Read the rest of this entry »

Negotiations on Iraq’s accession to the WTO are going well; Expects to join in 2016

Posted: May 15, 2013 in Iraqi Dinar/Politics
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World Trade Organization

Ministry of Commerce revealed that “2016 will see the completion of the procedures for Iraq’s accession to the World Trade Organization (WTO)”.

The Director of the Department of Foreign Economic Relations and Trade Ministry Hashim Mohammed Hatem said “the negotiations with the World Trade Organization are going well to complete the conditions of accession to this international institution.” Read the rest of this entry »

CBI Daily Currency Auction Results for May 15, 2013

Posted: May 15, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 15-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 28
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 161,159,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 161,159,000
Total offers for selling (US$) —–

Exchange rates

Editorial: The value of the Iraqi currency and structural economic imbalances

Posted: May 14, 2013 in Iraqi Dinar/Politics
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D. Kamal Al-Basri and harmful Sbahi professor

Iraqi Institute for Economic Reform

Article seeks to examine the value of the Iraqi currency fluctuations and interpretation of structural imbalances and weak governance vocabulary application and other behavioral factors. And concludes that the following factors may have led to increased demand for foreign currencies and shortage of supply: External political, and weak business environment, the economic and fiscal policy, and the lack of political and economic stability, and the weakness of the productive capacity of local, and that the improvement in the rate of per capita income of Iraq was a factor is the other, weak governance and the rule of law, and the decline of family remittances from abroad, and the growing presence of financial transfer companies and brokerage firms (parallel market), and the emergence of trade zones in border ports. Read the rest of this entry »

Economic Committee Member: high exchange rates of the dollar against the dinar currency behind the drain

Posted: May 14, 2013 in Iraqi Dinar/Politics
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12:10 05/14/2013attributed member of the parliamentary Finance Committee Haitham Jubouri reasons for the high exchange rates of the dollar against the Iraqi dinar currency to the drain by some private banks, which owns companies for the currency converter.

Jubouri said in a press statement that “price-fixing remittances equivalent to two to three times the real price example, if the price of Item five $ 5 it up in the hawala to $ 20 sold amount of the surplus is $ 15 to the black market and that is what is reflected on the currency dramatically” . Read the rest of this entry »

MP calls for quick action to halt the rise in the dollar against the Iraqi dinar

Posted: May 14, 2013 in Iraqi Dinar/Politics
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Baghdadi News – 05/13/2013

Baghdad / Baghdadi news / .. Student member of the citizen’s Parliamentary Bloc MP Abdul-Hussein Abtan, on Monday, the competent authorities to take swift action to halt the rise in the dollar exchange rate.

He Abtan During Matmrsahfa held the parliament building and the presence of / Baghdadi news /, that “the high exchange rate of the dollar against the Iraqi dinar during the current period, taking the burden on private citizens and low-income earners because most of the goods offered in the Iraqi market are imported.” Read the rest of this entry »

Iraqi Ministry of Planning: Inflation increase of 1 percent in April, Annual inflation rate up 2.5 percent

Posted: May 14, 2013 in Iraqi Dinar/Politics
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The Ministry of Planning and Development Cooperation, on Monday, a rise in the inflation index for the month of April, a rate of 1% and the annual inflation rate of 2.5%.

He said the ministry spokesman Abdul Zahra al-Hindawi said “it came according to a report by the Central Bureau of Statistics for the current month of April and on the basis of field data collection on the prices of goods and services components of the consumer basket.” Read the rest of this entry »

Paralysed Iraqi Parliament did not rise to the level of other world parliaments

Posted: May 14, 2013 in Iraqi Dinar/Politics
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14-05-2013 08:07 PM

Baghdad (newsletter).The Attorney described the Coalition/rule of law/Salam Al-Maliki, the current Iraqi Parliament that paralyzed and not up to the level of other world parliaments in countries with a parliamentary system.

He said Al-Maliki, in a statement received (News Agency) a copy of it: that during the current session of Parliament deputies from the legislative to the political scene, so missed the oversight role and the legislative Parliament replaced courtesies and political one-upmanship that at the expense of citizens, adding: that the Board overlooked the corruption of officials due to their mass yintun under which parliamentary. Read the rest of this entry »

The current session of Parliament did not succeed in passing important economic laws

Posted: May 14, 2013 in Iraqi Dinar/Politics
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Range – 05/14/2013

See parliamentarians specialists in economic affairs that the current parliament did not succeed in passing laws important economic, pointing out that the parliamentary session is nearing completion and the percentage of pass laws entrusted to him did not exceed half.

said a member of the Oil and Energy Committee National Alliance MP Furat Mohsen al-Shara that “the laws economic task upon which the country’s economy as law of oil and gas, mostly did not recognize due to the worsening political problems. ” Read the rest of this entry »

Maliki receives Commander of Central U.S. Army Forces.

Posted: May 14, 2013 in Iraqi Dinar/Politics
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14/05/2013 19:15:00
Baghdad / NINA /– Prime Minister Nuri al-Maliki received in his bureau the commander of Central U.S. Army Forces Gen. Austin this afternoon.

An informed source said that the two sides discussed the process of arming the Iraqi army and cooperation in fighting against terrorism as well as discussed the Syrian crisis.

http://bit.ly/13Zdb5C

CBI Daily Currency Auction Results for May 14, 2013

Posted: May 14, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 14-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 29
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 188,507,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 188,507,000
Total offers for selling (US$) —–

Exchange rates

 

Economic Committee Member calls on CBI to take swift action and reconsider policy; Stop turning deaf ear and blind eye on the continuing rise of USD

Posted: May 13, 2013 in Iraqi Dinar/Politics
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Economic parliamentary demanding quick action to stop the rise in the dollar exchange rate

Student member of the Economic Commission bloc MP Abdul Hussein Abtan citizen all competent authorities to take swift action to halt the rise in the dollar exchange rate. Read the rest of this entry »

Presidency of the parliament show support for CBI to adjust the price of the dollar and reduce money laundering

Posted: May 13, 2013 in Iraqi Dinar/Politics
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Expressed the Presidency of the Council of Representatives their full support for the central bank to scrutinize the work of private banks and reform measures that include adjust the exchange rate of the dollar and reduce the phenomenon of money laundering. Read the rest of this entry »

Economist: CBI $74B reserves will boost IQD value; However if reserves pay for projects it will hurt economy

Posted: May 13, 2013 in Iraqi Dinar/Politics
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Economic analyst: CBI balance of hard currency will support Iraqi dinar
13-05-2013 10:33 AM

Baghdad (newsletter). Economic analyst Abdel Salem Al-uqaili warned, nice lending part of the Central Bank’s cash reserve in the country’s investment projects, because it would harm the economy and national currency.

He said Al-uqaili (News Agency): to increase the Central Bank’s balance of foreign currency to more than 74 billion dollars, will boost the value of Iraqi dinar and enhances the strength of the national economy. Read the rest of this entry »

Iraqi Ministries, US Trade Industry discuss Iraq joining the New York [Convention] Agreement for 1958

Posted: May 13, 2013 in Iraqi Dinar/Politics
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Monday, 13 May 2013 16:12 | | |

Baghdad (AIN) -The parliament Economy and Investment Committee discussed including Iraq in New York Agreement for 1958.

The parliament’s Media Office reported “The parliament Economy and Investment Committee held a meeting on last Sunday headed by MP Mohammed Salman, Vice-Chairman of the Committee in presence of representatives from the Ministries of Planning, Trade and Finance and the Supreme Judicial Council as well as a delegation from the US Trade Ministry.” Read the rest of this entry »

UNDP Administrator: security and political instability behind disruption of development in Iraq

Posted: May 13, 2013 in Iraqi Dinar/Politics
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13-05-2013 12:06 PM

Baghdad (newsletter).The Director of the Office of the United Nations Development Programme Iraq Peter Batchelor, the lack of security and political stability behind the country’s development stalled.

Batchelor said in an interview with (News Agency): that the United Nations had made progress during the past 10 years in achieving development goals especially in Iraq, he said: we believe that without the stability of the political and security situation development evolution can never get in Iraq. Read the rest of this entry »

CBI Daily Currency Auction Results for May 13, 2013

Posted: May 13, 2013 in Iraqi Dinar/Politics
Tags: , , , , , , ,

The latest daily currency auction was held in the Central Bank of Iraq on the 13-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 27
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 223,177,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 223,177,000
Total offers for selling (US$) —–

Exchange rates

Happy Mothers Day...Love you mom

Posted: May 12, 2013 in Iraqi Dinar/Politics

Reblogged from The Currency Newshound:

Click to visit the original post

I would like to wish a Happy Mothers day to all mothers that are with us today, soon to be, and to those whom we've lost but will live forever in our hearts .

Just as the love you provided us
Our love for you goes without limits.

Which reminds me of this...

Love is patient; love is kind. Love is not jealous; is not proud; is not conceited; does not act foolishly; is not selfish; is not easily provoked to anger; keeps no record of wrongs; takes no pleasure in unrighteousness, but rejoices in the truth; love bears all things, believes all things, hopes all things, and endures all things.
- I Corinthians 13:4-7

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