Archive for November 23, 2011

CBI: Restructuring of the Iraqi dinar will not start before 2013

Posted: November 23, 2011 in Iraqi Dinar/Politics
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CBI: Restructuring of the Iraqi dinar will not start before 2013 or intention for the printing of new categories of cash
Wednesday, 23 November

Denied the central bank, on Tuesday, issuing coins, a large, stressing that the Iraqi dinar has become more currencies in the region stable region, The thing on it. And while noting that the inflation that took place in the country are imported, pointed to a gradual decline in rates until stability increases are reasonable in the prices.

While the detection of moving ahead with the project to restructure the currency, confirmed the presence of coordinating high-level contacts with the government after uploading an ambiguity and uncertainty that surrounded the process, noting that the project will see the light before the year 2013. (more…)

CBI: Iraq plans to issue a new currency in 50 dinars after deletion of zeros

Posted: November 23, 2011 in Iraqi Dinar/Politics

Komaki haiti, Para, MoneyBaghdad, November 23 (Rn) – Iraq’s central bank said it plans to issue a new currency from the category of 50 dinars after deletion of zeros which is equivalent to $ 50 thousand dinars at the moment.

According to the information published (Rn), two days before the central bank is working on the version of class 50 thousand Iraqi Dinars. Category that occurs while the Bank issued in the future is 50 dinars, and this is done after deletion of zeros.

It examines the Iraqi Central since June last deleting three zeros from the local currency in an attempt to promote the value of currency in circulation, external and internal. (more…)

Economist: Lifting of the zeroes is correct; Is in the interest of raising the value of Iraqi dinar

Posted: November 23, 2011 in Iraqi Dinar/Politics
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said economist Mohammad al-Samarrai, “Tuesday” to raise three zeroes from the Iraqi currency a very correct and is in the interest and the purpose of raising the value of the Iraqi dinar against other foreign currencies as dollar.

Explaining, for example, all Iraqi dinars would equal approximately $ added to the Masatertb that enhance the confidence in Iraqi dinars by local and foreign investors alike.

The particular importance of this procedure to move a major economic development and financial added to the reduced size of the vast amount of Iraqi currency and try to return toward the admissibility of the Iraqi dinar traded globally a feature that denied and lost long ago. (more…)

CBI denies issuing currency in 50 thousand Iraqi dinars

Posted: November 23, 2011 in Iraqi Dinar/Politics
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Baghdad, November 23 (Rn) – denied the Iraqi Central Bank, Wednesday, his work on the currency issue a new category of 50 thousand dinars.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Central Bank of Iraq did not decide to issue a new currency in 50 thousand dinars.”

“The Central Bank continues to organize the purchasing power of the country and support the value of the Iraqi dinar against the U.S. dollar and the value added any new currency are not taken until after the Iraqi Council of Representatives approved a project to restructure the currency and delete zeros from them.” (more…)

Association of Iraqi banks confirm the existence of irregularities in the private banks

Posted: November 23, 2011 in Iraqi Dinar/Politics
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Chairman of the Association of Iraqi banks Abdul Aziz Hassoun that “there are disagreements of large private banks suffered because of the reduction of liquidity available to it by the reluctance of many borrowers to bring money to these banks, making it weak in providing the necessary financial liquidity in the establishment of several investment projects.”

He said Hasson, “The failure to provide financial liquidity will hinder the banking business for many of the pressures government in its performance, as well as many problems in the Iraqi investment law which makes the capital the country’s next wary of investment, which is delaying economic growth.” (more…)

Iraq announces willingness of delivery of stolen Kuwaiti archives

Posted: November 23, 2011 in Iraqi Dinar/Politics
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Iraq informed, Wednesday, Portugal, which chairs the Security Council, his willingness to hand over part of Kuwaiti officials from the archives of the State of Kuwait, which was looted during the invasion in 1990 in implementation of Security Council resolutions related.

He said the Iraqi ambassador to the United Nations, Hamid al-Bayati, in a letter to the President of the Security Council that it had seen “Twilight News”, “Iraqi Foreign Minister Hoshyar Zebari sent a letter to the Kuwaiti embassy in Baghdad, according to the presence of 136 of the tapes (microfilm) of the archive’s official newspaper (Kuwait Today) Kuwaiti official. ” (more…)

Iraq: The vote on the budget for 2012 next week

Posted: November 23, 2011 in Iraqi Dinar/Politics
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Baghdad, November 23 (Rn) – The Iraqi Ministry of Planning, Wednesday, he has been compiled for the general budget of the country in 2012 confirmed that he will be voted on within the Council of Ministers next week at a meeting of the Council.

The estimated budget for Iraq in 2012 to $ 112 billion, including 17 billion for security and arms, up 36% from last year, but a deficit of $ 20 billion.

And announced in Baghdad (18/9/2010) that Iraq’s budget for next year 2012 will amount to $ 112 billion, up 36% from the current year budget 2011, but a deficit of $ 20 billion and he has been allocated $ 17 billion for security and armament. (more…)

Economist: Rising food prices globally reason to increase prices locally

Posted: November 23, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. Ills, an economist as a beautiful behind the increase in food prices locally to increase their prices in world markets, stressing that Iraq is linked to global markets and is affected by.

Jameel said in a statement to the Agency (news) on Wednesday: that the main reason for the increase in food prices in Iraq is to the scarcity of product, the global food and lack of agricultural land and convert part of the food into biofuel, driving up prices worldwide.

He pointed out: that the Iraqi markets linked mainly to global markets and any change in them, they affect the local, because Iraq is part of the world, noting : that Iraq is still dependent on imports outside of the food as it lacks the product locally. (more…)

Khaldi: Thursday witnessing the vote on the laws of the 7 projects

Posted: November 23, 2011 in Iraqi Dinar/Politics
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The independent Iraqi news agency / Baghdad / n. U / allocated the Presidency of the Council of Representatives on Thursday to vote on a number of draft legal

The decision of the House of Representatives Mohamed Khaldi told the reporter (and independent Iraqi news agency) that a meeting on Thursday will vote on the 7 projects with the laws without debate or read other law, (more…)

Planning Minister: Iraq is evolving and improving dramatically in the field of development and construction and the fight against poverty and unemployment

Posted: November 23, 2011 in Iraqi Dinar/Politics
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Received the Minister of Planning Ali Yousef Shukri in his office today, Minister of State for Foreign Affairs of Sweden’s Johan Burger and his accompanying delegation. The two sides discussed bilateral relations between the two countries and ways of developing them, particularly in the areas of trade and investment.

A statement by the Office of the Information Ministry had received (and the Iraqi News Agency Independent) a copy of that Shukri said of the Swedish Delegation to Iraq is evolving and improving dramatically in the field of development and construction and the fight against poverty and unemployment, and unemployment indicators witnessed a clear decline in 2011. (more…)

Shabandar: Maliki has no right to put forward a candidate of the Ministry of Defense of the parliament away from the Iraqi List

Posted: November 23, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. said the leadership in the state of law and MP / National Alliance / Ezzat Shabandar that it is not right-Maliki put forward a candidate of the Ministry of Defense of the parliament away from the Iraqi List, indicating that al-Maliki will not be able to do so.

Shabandar said in a statement (the Agency news) Wednesday: that state law did not adhere to the ministries of security, but control of the security situation, above all, especially since the scene in Iraq’s volatile and penetrating security and Thokha plots from home and abroad. (more…)

Kubler-Haidari and discuss issues of concern to the democratic process in Iraq

Posted: November 23, 2011 in Iraqi Dinar/Politics
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On: Wed, 11/23/2011 13:59

Baghdad (news) .. Yesterday chairman of the Electoral Commission for elections Faraj al-Haidari with the representative of the Secretary-General of the United Nations in Iraq Martin Kobler a number of issues of concern to the democratic process in Iraq.

A statement of the Commission has received the Agency (news) copy of it: that the two sides discussed during the the meeting, steps can be followed for the purpose of promoting the successes, including the success of the electoral processes that were previously established the foundations strong in building a new democratic Iraq. ” (more…)

Shara: phosphate, one of the important wealth after oil and gas in Iraq and a (9%) of world reserves

Posted: November 23, 2011 in Iraqi Dinar/Politics
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A member of the Commission on oil and energy in the Iraqi Council of Representatives MP “Furat al-Shara” on the importance of investment in the phosphate which is one of the important resources in the country, the country’s direction and the need to follow the work of modern techniques in the investment of the rest of the natural and mineral wealth. (more…)

Washington warns Exxon oil contract with the Kurdistan region against the wishes of Baghdad

Posted: November 23, 2011 in Iraqi Dinar/Politics
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warned the United States, Tuesday, all companies, especially Exxon Mobil, the oil giant signed a contract with the Kurdistan region of Iraq, contrary to Baghdad’s desire to risk the legal and political to those contracts, emphasizing the need for the adoption of national laws relating to the oil sector in Iraq as soon as possible.

spokeswoman said on behalf of the State of Victoria Nuland said in a statement issued today, and received “Alsumaria News”, a copy of, “The United States warned all our companies, including Exxon Mobil of political risk and high legal if it had signed contracts with any party in Iraq before the adoption of a national agreement” . (more…)

Auto trade: direct selling direct to the citizens .. and mid-next month witnessed a lot of new

Posted: November 23, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. Ministry of Commerce announced the immediate actual direct sale of cars for all citizens after obtaining official approval from the Secretariat of the Council of Ministers.

The general director of the General Company for Trade cars and machinery, Adnan Raza cream (for the Agency news) on Wednesday: that his company received applications for citizens who wish to access to cars by mechanism of direct sales, which worked out by the company after the approval of higher authorities. (more…)