In light of economic conditions and volatile financial pressure and monetary inflation that has befallen our country before, and led to negative effects on the regularity of the commercial market and the labor markets and production and living standards of citizens, it has generated distortions many structures, economic relations, among which was the Activity block cash many
zeros of little value and way that is not commensurate with the future developments in the present and the future of the Iraqi economy, which requires a solution to these conditions and offal, and these solutions reform the
management of currency cash through the structure and the deletion of zeros to control the flow and management of the cost of the cash block optimally. (more…)
Archive for September 14, 2011
Shabibi: Is it time to delete three zeros from Iraqi currency
Posted: September 14, 2011 in Iraqi Dinar/PoliticsCBI threatens legal action against GOI and those obstructing monetary reform
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, bank, Central Bank of Iraq, Iraq, Iraqi dinar, Minister for Economic Affairs (Ireland), Monetary reform, Official
Central Bank of Iraq is suing the government and accused of obstructing monetary reform
Posted 13/09/2011
Accused the Central Bank of Iraq, on Monday, government agencies of obstructing the idea of monetary reform in Iraq, said while he would retain the legal right to defend his being, according to a statement the bank.
According to the statement received “world,” a copy of it, that “some government officials are waging an unprecedented media attack on the bank, considering that there is work outside the law mar the idea of monetary reform carried out by the Central Bank”.
The statement noted that “the Bank has already received an official letter from the Committee on Economic Affairs in the cabinet in 2007 when the bank is appealing to study the draft of the Iraqi currency reform by restructuring and deleting three zeros from them.”
File power in Iraq is creating a political crisis between its components
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Ayad Allawi, Council of Representatives of Iraq, Hussain al-Shahristani, Iraq, iraqi list, Maliki, Nouri al-Maliki, Prime Minister of Iraq
Baghdad, September 14 / September (Rn) – The differences between three political blocs in Iraq is Iraqi and the rule of law and the Kurdistan Alliance mounting on the management of a power which is described as a “unilateral” side, amid expectations that the intervention of the crisis into a dark tunnel end the national partnership formed on the basis of which the current government led by Nuri al-Maliki.
In a parallel position to the position of the Kurds rejection of the mechanism, which is managed by the file on Iraq’s oil by the Deputy Prime Minister Hussein Shahristani, the Iraqi List, directed and led by Iyad Allawi, a barrage of accusations of last resort and blamed him for wasting millions of dollars during the years of his administration file energy.
IMF: Sept 2011; Global Financial Stability Report
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Economic, Economic growth, Federal Reserve System, Finance, International Monetary Fund, Macroprudential policy, Policy, Systemic risk
IMF WORLD ECONOMIC AND FINANCIAL SURVEYS
Global Financial Stability Report
Grappling with Crisis Legacies
September 2011
©2011 International Monetary Fund
Summary
Operationalizing macroprudential policies requires progress on a number of fronts: developing
ways to monitor a risk buildup, choosing indicators to detect when risks are about to materialize, and designing and using macroprudential policy tools. Establishing these robust frameworks will be a lengthy process. Using a structural model and empirical evidence, the following analysis takes a solid step forward on each of the interrelated tasks.
Government adviser: Baghdad will not resort to the reserve bank (CBI) to meet the budget deficit in 2012
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Central Bank of Iraq, Council of Representatives of Iraq, Iraq, Iraqi dinar, middle east, Politics of Iraq, United States Senate Committee on Finance
14/09/2011 10:55
Baghdad, September 14 / Spettmar (Rn) – The government’s adviser in the race Wednesday, said his government would not close the budget deficit in 2012 of the financial reserve of the Central Bank of Iraq.
The Central Bank refuses to lend the Iraqi government, Iraqi reserves to cover the deficit or passing trade deals.
Salam al-Quraishi, a Kurdish news agency (Rn) that “the Iraqi government will not ask the central bank to intervene to raise the deficit of the budget in 2012 but the government will rely on the lifting of export of oil revenues and active sector of industry after the activation of the law of customs tariff beginning of next year.”
Pres Najafi, UN Sec General Representative discuss measures to effectively help Iraq from CH VII
Posted: September 14, 2011 in Iraq: Chapter VII, Iraqi Dinar/PoliticsTags: Baghdad, Chapter VII of the United Nations Charter, Electoral Commission, House of Representatives, Iraq, kuwait, United Nation, United States
Pres Najafi, emphasizes the role of the United Nations effective in helping Iraq out of Chapter VII
On: Wednesday 09/14/2011 14:28
Baghdad (news) .. The head of the House of Representatives Osama Abdel-Aziz al-Najafi, during a meeting with Deputy Representative of the Secretary General of the United Nations in Iraq inspect the effective role played by the International Organization of the United Nations in helping Iraq out of Chapter VII and the development of the political process through assistance in resolving the differences that float on the surface from time to time in parallel with regional variations.
Iraq’s record inflation rate of 5.2% in August
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Central Bank of Iraq, Inflation, International sanctions, Iraq, Iraqi dinar, Kurdish people
14/09/2011 15:23
Baghdad, September 14 / Spettmar (Rn) – Iraq’s record in the month of August / August inflation rate of 5.2% down from the figure recorded last July, which was 6.1%.
And decreased the rate of inflation in the month of June last to reach 6.1% compared to May / May when the rate had grown to 6.3 driven by the cost of imported goods and services.
The program helps the ration card in the absorption of some price increases and the central bank says it expects the annual inflation remains in single digits.
A trusted source: Al-Maliki planned to topple the Iraqi Central Bank Governor
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank of Iraq, Iraq, Iraqi dinar, Maliki, Monetary policy, Nouri al-Maliki, Sulaymaniyah
A source of political beginning for (people), on the efforts made by Prime Minister Nuri al-Maliki for the overthrow of the Governor of Central Bank of Iraq Shabibi on the back of refusing a request by the government earlier borrowing from the financial reserve of Iraq to cover the expenses of government.
The source, who asked not to be named in his interview for the “people”, that “there is a serial in Iraq run by the ruling party and the will of the party leader al-Maliki, who is serving fabricating charges against opponents regardless of the consequences of political and legal,” adding that “the Central Bank of Iraq would be a target for the owners after the completion of the issue of Commission on Public Integrity. “
Iraq House of Representatives live tomorrow (Thursday) to celebrate the International Day of Democracy
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Conscription, Council of Representatives of Iraq, House of Representatives, Iraq, Reading, United Nations Development Programme, United States House of Representatives
On: Wednesday 09/14/2011 15:43
Baghdad (news) .. live the House of Representatives on Thursday to celebrate the occasion of International Day of Democracy.
A statement of the Council received the Agency (news) copy of the “celebration held under the auspices of the Presidency of the Council and in cooperation with the United Nations Development Programme and under the banner of the House of Representatives and the citizen.”
The statement added that “Ahtphalbh tomorrow will be the presence of the Council of Representatives and the participation of a number of ministries and government institutions as well as civil society organizations.”
Audit confirms that Iraq’s debts of more than $ 68 billion and calls on the government to solve
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Abdel Basset Turki, Central Bank of Iraq, Development Fund for Iraq, Federal Reserve System, International Monetary Fund, Iraq, United Nation, United Nations Security Council
Alsumaria News / Baghdad
Announced the Board of Supreme Audit, Wednesday, Iraq’s debt to the world of more than $ 68 billion, calling on the government to find a quick solution to the problem of indebtedness before the completion of immunity and protection to the Development Fund of Iraq, confirmed that this problem is not only financial but political.
The head of the Office of Financial Supervision Abdel Basset Turki said in an interview for “Alsumaria News”, “debt owed by Iraq to the world at the present time of more than $ 68 billion,” noting that “between 18 to 19 billion dollars of this debt back to the countries of the world, while the rest of the nearly $ 50 billion commercial debt for companies and traders. “
Planning announces rise in the inflation index for the month of August increased by 1.5% to 5.2% annual
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Arbil, Baghdad, Consumer price index, Inflation, Iraq, Iraqi Kurdistan, Kurdish people, kurdistan
The Ministry of Planning and Development Cooperation, on Wednesday, a rise in the inflation index for the month of August by 1.5%, confirming that the annual index is also increased by 5.2%. Compared to the same month last year.
He said ministry spokesman Abdel Zahra al-Hindawi said in an interview for “Alsumaria News” that “inflation index during the month of August rose by 1.5% compared with the month of July,” noting that “the annual index also rose by a relatively large hit 5.2% compared with the month the same from last year. “
Hani Ashour: Allawi, specialists and experts have put plans to build the Iraqi state politically and economically
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Ayad Allawi, Baghdad, Brazil, Iraq, iraqi list, Iyad Allawi, Malaysia, Singapore
On: Wednesday 09/14/2011 14:04
Baghdad (news) .. An advisor of the Iraqi List, Hani Ashour leader Iyad Allawi’s list studying with experts in strategy, economics and development, education and law project of building modern democratic state of Iraq free from corruption, based on stability and economic advancement.
Ashour said in a press statement on Wednesday: that a committee of experts, senior Iraqi at home and abroad, including professors, specialists in the areas of strategic, economic, educational, social, legal, completed a study of 400 pages under the supervision of Iyad Allawi, leader of the Iraqi List, continued for several months and has plans to build the Iraqi state on the basis of stability and the advancement of political, economic and national sovereignty true, and continued: The plan includes several phases of time will be able to Iraq, which after many years to turn into an economic power players in the region and will be the industrial center and a major political, beyond the failure of recent years and suffering and compensation for Iraqis from the deprivation they experienced.
Iraq: Talk about agreements to resolve the security ministries
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Interior ministry, Iraq, iraqi list, Jalal Talabani, Maliki, Ministry of Defence, Nouri al-Maliki, Prime Minister of Iraq
Revealed within the parliamentary blocs of meetings and discussions are continuing between the Iraqi and coalition of the rule of law in order to reach a consensus formula pending files between the two sides, especially the security ministries which have not the resolution after member emphasized the rule of law, National Alliance of Saad Demands,
Maliki: Allawi is no longer acceptable to participants in the political process
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Arbil, Ayad Allawi, Baghdad, Iraq, iraqi list, Maliki, Nouri al-Maliki, Prime Minister of Iraq
Alsumaria News
Criticized the Iraqi Prime Minister Nuri al-Maliki, on Tuesday, strongly positions the leader of the Iraqi List, Iyad Allawi, and considered that the latter “is no longer acceptable” in the political process.
Maliki said in an interview for “Alsumaria News” that the leader of the Iraqi List, “Ayad Allawi is no longer a participant is acceptable in the process political, “without giving further details. Relations between the coalition of former Prime Minister Iyad Allawi, current Prime Minister Nuri al-Maliki tension is exacerbated over time at these points of difference between them stuck without a solution. and spin differences between the two sides on the back of many topics, including the selection of candidates of the security posts in the government, as well as on the formation of strategic policies, which was agreed the blocks on the foundation at a meeting of Arbil, has not been approved its law so far, as well as statements from the Prime Minister and members of the mass of questioning the importance of the role and unconstitutional, so it came to an end that the Maliki said that there is no place for the Council in Iraq.
CBI Daily Currency Auction Sept 14, 2011: $188 million
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Auction, Central bank, Central Bank of Iraq, Currency, Dinar, exchange rate, Iraq, Price
The latest daily currency auction was held in the Central Bank of Iraq on the 14-SEP-2011. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 22 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 188,003,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 188,003,000 |
| Total offers for selling (US$) | —– |
Iraq List: Maliki authoritarian and oppressive talking about Allawi betrays the spirit of arrogance
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: Ayad Allawi, Iraq, iraqi list, Iyad Allawi, Maliki, Nouri al-Maliki, President of Iraq, Prime Minister of Iraq
And described the Iraqi List led by Iyad Allawi, on Wednesday, Prime Minister Nuri al-Maliki as “authoritarian and oppressive,” and speaking of head of the list that is no longer acceptable in the political process is for the Iraqi list, not Allawi, as pointed out that his speech betrays the spirit of arrogance is not unwarranted.
The leader of the Iraqi List, Dhafer al-Ani, in an interview for “Alsumaria News”, “words of Prime Minister Nuri al-Maliki for the existing Iraqi President Iyad Allawi and described him as no longer politically acceptable, is further evidence of the extent of Staiwath and tyranny,” adding that “al-Maliki is trying to That said, creating a rift between the Iraqi List and the President. “
KUWAITI DINAR RISES TO KD 0.275 PER GREENBACK
Posted: September 14, 2011 in Iraqi Dinar/PoliticsTags: bank of england, Central bank, Central Bank of Kuwait, European Central Bank, Kuwaiti Dinar, Pound sterling, Swiss franc, Swiss National Bank
September 12, 2011
The Kuwaiti dinar (KD) exchange rate increased against the US dollar to 0.275 Kuwaiti dinar, and decreased against the euro to KD 0.375, the state’s official monetary body, the Central Bank of Kuwait (CBK), said on Sunday.The KD stabilized against the Sterling pound at KD 0.437, and kept to KD 0.003 per Japanese yen, whereas it went down at KD 0.311 per Swiss franc, the daily CBK bulletin said.
