Happy Mothers Day...Love you mom

Posted: May 12, 2013 in Iraqi Dinar/Politics

Reblogged from The Currency Newshound:

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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

Iraqi parliament supports the actions of the central bank to ensure the stability of the dinar

Posted: May 12, 2013 in Iraqi Dinar/Politics
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SUNDAY, MAY 12 / MAY 2013 18:03

announced the Presidency of the Council of Representatives, on Sunday, its full support for the action the central bank intends to take to ensure the stability of the Iraqi currency after it experienced a decline in value against the dollar to a record level in two years.

And plunged the value of the Iraqi dinar gradually over the past weeks to reach the price per dollar to about 1129 dinars after it had been stable for 1120, the highest rate up to the exchange rate during the past two years. Read the rest of this entry »

Baghdad, Erbil discuss implementation of concluded agreement

Posted: May 12, 2013 in Iraqi Dinar/Politics
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Sunday, 12 May 2013 22:40 | | |

Erbil (AIN) -A delegation from the Iraqi central government headed by Falih al-Fayadh, Advisor of the National Security with membership of each of Tariq Najim, official of Premier’s office and, Maj. Gen. Babaqir Zibari, head of the Army Staff, visited Erbil on Sunday.

A statement by the Patriotic Union of Kurdistan, PUK, reported “The delegation was welcomed by Kosert Rasoul, Kurdistan Region’s Vice President, Najervan Barzani, KR Prime Minister, and Barham Salih, Second Deputy of PUK’s Secretary General, along with other Kurdish officials.” Read the rest of this entry »

Federal Government’s delegation discusses with Kurdistan Region’s delegation mechanism to implement agreement reached

Posted: May 12, 2013 in Iraqi Dinar/Politics
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12/05/2013 19:32:00
Baghdad (NINA) – A delegation from the Federal Government, headed by National Security Advisor, Faleh al-Fayadh, arrived on Sunday, May 12, in Erbil.

A statement issued by the Patriotic Union of Kurdistan (PUK) web site said that Vice President of Kurdistan Region, Kosrat Rasul, and Prime Minister, Nechirvan Barazani received the delegation. Read the rest of this entry »

Parliament, CBI, discuss issuance of decisions to maintain Iraq’s funds

Posted: May 12, 2013 in Iraqi Dinar/Politics
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Sunday, 12 May 2013 19:18 | | |

Baghdad (AIN) -The Iraqi parliament chairmanship discussed with head of the Financial Supervision Council FSC, and acting governor of Central Bank of Iraq, Abdul Basit Turki, the issuance of the decisions which help protect Iraq’s moneys for the next year and addressing the country’s debts. Read the rest of this entry »

Economist calls for the adoption of the oil and gas reserve of the Central Bank economist

Posted: May 12, 2013 in Iraqi Dinar/Politics
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May 11, 2013, 1:43 pm
Economic expert called on behalf of Jamil Antoine, on Saturday, the central bank to adopt oil and gas Kkhozan the reserves instead of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country. Read the rest of this entry »

Iraq has the potential to transition to a market economy, says Iraq Securities Chairman

Posted: May 11, 2013 in Iraqi Dinar/Politics
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11/05/2013 12:00 AM

The Chairman of the Securities Commission to the importance of turning the family business into joint-stock companies and the creation of an entity larger able to compete and diversify the productive base and make alliances strategy and achieve competitive advantage of economy of scale and thus reduce costs. Read the rest of this entry »

CBI achieves the highest reserves of hard currency in its history at $74 Billion

Posted: May 11, 2013 in Iraqi Dinar/Politics
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11/05/2013 – 15:35

revealed a banking source early on Saturday that the volume of reserves Iraqi Central Bank foreign currency amounted to $ 74 billion, noting that it is the highest reserves achieved by the bank in the country’s history.

source said in an interview for “Alsumaria News”, ” the size of central bank reserves of foreign currency amounted to $ 74 billion, “noting that” it represents the highest rate up to the bank of the currency in the history of Iraq. ” Read the rest of this entry »

Iraq economic committee criticized the delay in the Investment Law; Calls for speeding up this legislation

Posted: May 11, 2013 in Iraqi Dinar/Politics
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Economic parliamentary calls to speed up amending the investment law and prepared a reason for “increased unemployment and poverty”
SATURDAY, MAY 11 / MAY 2013 13:46

Commission criticized the parliamentary economy and investment, Saturday, delayed modify the Iraqi investment law, and promised to “hang” for investment operations and “reason” to increase rates “of unemployment and poverty” in the country. Read the rest of this entry »

Iraqi economist says independent CBI is required and desirable; Need to mesh with role of GOI

Posted: May 11, 2013 in Iraqi Dinar/Politics
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The independence of the Central Bank

11/05/2013 12:00 AM

Economist reported that the independence of the Central Bank is required and desirable, provided that meshes with the role of government supervision. Read the rest of this entry »

Finance Committee to discuss why and implications of high exchange rate of USD in Iraq with CBI governor

Posted: May 10, 2013 in Iraqi Dinar/Politics
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Finance parliamentary add Governor of the Central Bank to discuss the implications of the high exchange rate

Center Brief for the Iraqi Media Network (IMN) – adds the parliamentary Finance Committee, next Sunday governor of the Central Bank and the Agency to discuss the implications of the high exchange rate and stand on its causes.

Committee member said Amin Hadi, Thursday, ‘s (IMN) “The Finance Committee will add the Governor of the Central Bank and the Agency Abdul Basit Turki, next Sunday, to find out the reasons for the high rate compared to the previous months which saw stable.” Read the rest of this entry »

UN’s Kobler, Iraqi Ambassador to Kuwait discuss relieving Iraq from CH VII

Posted: May 9, 2013 in Iraqi Dinar/Politics
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Thursday, 09 May 2013 16:18 | | |

Baghdad (AIN) -The Iraqi Ambassador to Kuwait, Mohamed Hussien Bahr al-Oloum, and the head of the Special Representative of the UN’s Secretary General, Martin Kobler, discussed the efforts exerted to relieve Iraq from the 7th Chapter of the UN Charter. Read the rest of this entry »

Today, Iraq and Kuwait to agree on maritime navigation in the Khawr Abd Allah before House of Representatives

Posted: May 9, 2013 in Iraqi Dinar/Politics
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Iraq and Kuwait agreement on the organization of navigation in front of the House of Representatives
Published on Thursday, 09 May 2013 10:05

Put the House of Representatives, on Thursday, the draft law on ratification of the Convention between the Government of the Republic of Iraq and Kuwait on the organization of maritime navigation in the Khawr Abd Allah in front of his deputies in the first reading, amid expectations that the witness hearing a debate on the law with the continued boycott members of the rule of law for the session in protest not to include a bill criminalizing the Baath Party. Read the rest of this entry »

Member of Economic Committee: Need to encourage citizens to use “Visa” and “MasterCard” in banking

Posted: May 9, 2013 in Iraqi Dinar/Politics
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09-05-2013 07:37 AM

Baghdad (newsletter). Invited Member of the Committee on economy, investment/MP Salman al-Musawi, the need to outreach programmes to disseminate the culture of citizens and encourage them to use new technologies in their dealings.

He said Callie (News Agency): modern banking techniques and the most developed world countries will facilitate a lot of things to shorten his time in terms of money transfer and conversion. Read the rest of this entry »

Banking Expert: bank fails due to lack of understanding and a joint coordination between the Central Bank and private banks

Posted: May 9, 2013 in Iraqi Dinar/Politics
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09-05-2013 11:08 AM

Baghdad (newsletter). Banking expert blamed the beautiful name, why the banking sector a lack of common understanding and cooperation between the Central Bank and private banks, in terms of logistical and technical assistance.

A beautifully (News Agency): there is a common understanding and coordination between the Central Bank and private banks on the development of the banking system and identify the most important obstacles to finding appropriate solutions. Read the rest of this entry »

Iraq’s Permanent Representative in Geneva formally takes office

Posted: May 9, 2013 in Iraqi Dinar/Politics
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09-05-2013 02:07 PM

Baghdad (newsletter). Ambassador Mohammad Sabir Ismail received new duties as the Permanent Representative of Iraq in Geneva.
Read the rest of this entry »

USAID discovers corruption in the procurement of Iraqi ministries

Posted: May 9, 2013 in Iraqi Dinar/Politics
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08/05/2013 (23:01 pm)

Confirmed by the U.S. Agency for International Development (USAID) provided nearly nine billion dollars in support of Iraq since 2003, and will continue for a few more years, despite shrinking budgets, and showed that more corruption in Iraqi ministries is through the procurement system used. Read the rest of this entry »

CBI Auction Results for May 9, 2013

Posted: May 9, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 9-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 26
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 161,151,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 161,151,000
Total offers for selling (US$) —–

Exchange rates

Iraq considers transfer DFI funds to the responsibility of CBI; Will likely seek another year of DFI protection by U.S.

Posted: May 8, 2013 in Iraqi Dinar/Politics
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Iraqi funds between several options .. I represent the extension of protection
Al-Sabah – 05/08/2013 – 1:28 pm

With the approach of the end of the period

at the time is approaching when Iraq from the expiry date of the protection fund Iraqi funds DFI of the Government of the United States, called specialists government officials to reconsider this issue and choose the most appropriate solution to end this file from a range of options notably the transfer of the remaining money in the fund to Iraq and the central bank to assume responsibility for payment of debt creditors. Read the rest of this entry »

Iraq Oil Commission anticipates final draft of HCL law to be presented in next legislative term

Posted: May 8, 2013 in Iraqi Dinar/Politics
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Expectations of the imminent parliamentary passage of the oil law

08/05/2013 12:00 AM

expected the Commission on oil and energy parliamentary exit the draft final “for the oil and gas law during the next term,” especially after the bilateral agreements between the province and the center, confirmed the possibility of the integration of all drafts of the proposed out of the law and one that meets the wishes of the various parliamentary blocs and political rights. Read the rest of this entry »

Iraq’s remaining compensation to Kuwait totals $11.2 billion; Full payoff expected by 2015

Posted: May 8, 2013 in Iraqi Dinar/Politics
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Kuwaiti official: Sntoa file compensation Iraqi end of 2015

08.05.2013

announced parliamentary Kuwait that his country will receive the last batch scheduled her compensation owed ​​by Iraq no later than 2015.

said Kuwaiti MP Adnan Abdul Samad said his country will take over the rest of the compensation of the Iraqi invasion $ 41 billion until 2015, noting that the United Nations total approved compensation owed ​​to Kuwait from Iraq worth $ 41 billion, and the recipient’s total so far of 29 billion U.S. dollars and the remainder of which 11.209 billion U.S. dollars. Read the rest of this entry »

Member of Economic Committee: Lack of government oversight and control contributed to money laundering and smuggling hard currency abroad

Posted: May 8, 2013 in Iraqi Dinar/Politics
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08-05-2013 11:34 AM

Baghdad (newsletter). Invited Member of the Committee for economy and investment Deputy of Iraqi/coalition/nahida Al-daini, the governmental and parliamentary control on financial transfers and the sale of foreign currency on the market to reduce the phenomenon of money laundering and currency smuggling. Read the rest of this entry »

United Nations commends the Iraqi government for its attempt to “reform” the public sector

Posted: May 8, 2013 in Iraqi Dinar/Politics
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08/05/2013 14:47

Range Press / Baghdad
Praised the United Nations on Wednesday, the Iraqi government “to fix” the public sector and develop dramatically, and called for the granting authorities and independent judicial freedom for its role of oversight and accountability “, while confirming the need for coordination between the institutions of the state executive, legislative and judiciary to fight corruption.

The Deputy Representative of the Secretary-General of the United Nations in Iraq Jacqueline بادكوك during the Forum Baghdad International to evaluate the anti-corruption strategy and asset recovery, which was held today in Baghdad and attended (Long Press), said that “accountability, transparency and anti-corruption are areas of great importance for Iraq and the region as well,” indicating that “these issues are having a positive impact on the delivery of services.” Read the rest of this entry »

CBI Daily Currency Auction Results for May 8, 2013

Posted: May 8, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 8-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 24
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 140,336,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 140,336,000
Total offers for selling (US$) —–

Exchange rates

Oil and Energy Committee considers merging previous drafts of HCL law to make one, uniform law

Posted: May 7, 2013 in Iraqi Dinar/Politics
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Oil: the draft oil and gas law to merge the output of a uniform law
Ali Abdullah -07/05/2013-4: 52 pm

Oil and Energy Committee, Tuesday, about the possibility of merging drafts within the House as proposals for oil and gas law to draft one to take out a uniform law is apt to vote in Parliament.

MP Committee Member said Hasan gave in a press statement that “most of the points in the drafts of the political blocs agreed on controversial points do not exceed five points all in terms of contracting, production and financial amounts and purposes.” Read the rest of this entry »

Fouad Hussein confirms Maliki’s visit to Arbil to meet with Barzani soon

Posted: May 7, 2013 in Iraqi Dinar/Politics
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07/05/2013 12:27:00
Arbil / NINA / The head of the Office of Kurdistan region Presidency, Fouad Hussein confirmed that Prime Minister Nuri al-Maliki planned to visit Arbil soon to meet the region’s president, Massoud Barzani. Read the rest of this entry »

Iraq ranked as third poorest among Arab countries

Posted: May 7, 2013 in Iraqi Dinar/Politics
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Iraq’s third poorest Arab country after Yemen and Sudan

05/06/2013

BAGHDAD / JD / .. U.S. magazine developed specialized, Iraq ranked third in the list of the poorest Arab countries, led by the only Yemen and Sudan, noting that Iraq’s per capita GDP is estimated at about $ 4271.

And classified Aljlebl Finance magazine – months global economic magazine published from New York – In its recently released list of per capita GDP for 182 countries. Read the rest of this entry »

Deputy: UN sanctions and political problems behind the decline of non-Iraqi purchases of shares in the stock market

Posted: May 7, 2013 in Iraqi Dinar/Politics
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07-05-2013 10:37 AM

Baghdad (newsletter). The Rapporteur of the Committee on the economy and investment the Kurdistan Alliance/MP/mehma Khalil, declining foreign purchases of stocks in Iraq market for securities to political feuds among the parliamentary blocs and the UN sanctions still imposed on Iraq. Read the rest of this entry »

CBI Daily Currency Auction Results for May 7, 2013

Posted: May 7, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 7-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 26
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 158,335,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 158,335,000
Total offers for selling (US$) —–

Exchange rates

Kuwaiti National Assembly Speaker: I will visit Iraq after the Prime Minister’s visit

Posted: May 6, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-06 at 12.16.19 PM05-05-2013 10:38 PM

Baghdad (news) .. The head of the Kuwaiti National Assembly Ali Al-Rashed, said he would visit Iraq after the visit of the Prime Minister, referring to the Tzero bilateral relations between the two countries. Read the rest of this entry »

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