CNN Video: De La Rue – How Do You Print a New C…, posted with vodpod
Archive for January 12, 2012
CNN Video: De La Rue – How Do You Print a New Currency
Posted: January 12, 2012 in Investment Tips, Iraqi Dinar/Politics, Other Currencies, Top HeadlinesTags: CNN, Currency, de la rue, Dinar, dollar, printing
Bloomberg: Iraq Deplores ‘Currency Attack’ as Dollars Flow to Syria, Iran
Posted: January 12, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Hard currency, iran, Iraq, Iraqi dinar, Syria, United States dollar
Iraq’s central bank said it’s under a “currency attack” as traders buy U.S. dollars in daily auctions and resell them on the black market inSyria and Iran, which face hard currency shortages due to sanctions.
Demand for the greenback at the central bank auctions has risen since November to about $200 million to $300 million a day, compared with about $160 million in the prior 12 months, the deputy central bank governor, Mudher Salih, said in an interview in Baghdad Jan. 10.
Read More:
http://bloom.bg/ziOaQV
Investing in Iraq requires patience, drinking tea
Posted: January 12, 2012 in Investment Tips, Iraqi Dinar/Politics, Top HeadlinesTags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar
- Iraq aims to attract $86 bln in investment by 2014
- Takes more than a year to set up a business
- Long-term investment, no quick returns
Foreign investors seeking a foothold in Iraq take heed: you’ll need a healthy dose of patience, a flexible schedule, and a love of tea.
Nearly nine years since the U.S.-led invasion that toppled dictator Saddam Hussein, Iraq remains a state-centric economy and, beyond oil, private businesses have yet to play a significant role in the rebuilding of the once thriving Middle East bread basket. (more…)
Iraq’s Deputy PM confers with UN Sec-General’s Rep. in Iraq
Posted: January 12, 2012 in Iraq: Chapter VII, Iraqi Dinar/PoliticsTags: Chapter VII, Iraq, United Nations
1/12/2012 2:09 PM
BAGHDAD, Aswat al-Iraq: Iraq’s Deputy Prime Minister, Saleh al-Mutlaq,has conferred in Baghdad on Thursday with the UN Sec-General’s Representative in Iraq,Martin Cobler, on the current developments on the Iraqi political arena and to bring viewpoints closer among political blocs to overcome the current crisis.
“Mutlaq has called during the meeting on the United Nations to shoulder its responsibility,highly assessing Cobler’s role to settle the problems and find understandings to strengthen democracy in Iraq,” according to a statement by Saleh’s office received by Aswat al-Iraq news agency. (more…)
CBI: The average per capita income in Iraq last year amounted to $ 5000 per year
Posted: January 12, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar
Central Bank of Iraq, Thursday, that the average Iraq’s per capita income for 2011 amounted to $ 5000 per year, while noting that the goal of development In Iraq, the growth rate in gross domestic product to 4.9 percent in 2014, confirmed That staff working in the Iraqi state does not exceed 20 percent.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh In an interview for “Alsumaria News”, “estimates vary about the average per capita income Of GDP, which indicates the level of welfare and living in general, “noting That “the prices of oil sale by Iraq, which has not less than $ 100 per barrel With the production, which amounted to the various aspects of the Iraqi economy, the average per capita income reached $ 5000 Iraqi per year.” (more…)
Iraqi economy messy and needs a supportive laws
Posted: January 12, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top HeadlinesTags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar
On: Wed, 12/01/2012 13:57
Baghdad (news) .. Ruled out the head of the gathering industrial Abdel Hassan Shammari the development of the industrial sector in the coming period, in the absence of activating legislation supporting it.
Al-Shammari said (of the Agency news) on Thursday: Can not the Iraqi economy in general and the industrial sector in particular, the promotion and development without legislation legally supported and organizes its work, noting that the Iraqi economy, “chaotic” and lacks the plans strategy and supporting regulations.
He added that the industrial sector will not develop in the near future if you do not the laws that support it as one customs tariff and the protection of the domestic product, and consumer protection law. (more…)
CBI: 2012 budget was reduced to not violate the conditions of the IMF loan
Posted: January 12, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Budget, Central bank, Deficit, Fiscal policy, International Monetary Fund, Iraq, Iraqi government, Politics of Iraq
Thursday, 12 December / 2 January 2012 10:05
The Central Bank attributed the reduced budget for fiscal year 2012 to the violation of Iraq of the terms of borrowing from the IMF.
The bank adviser said the appearance of Mohammed Saleh told all of Iraq [where] that “after the agreement of Iraq with the International Monetary Fund to borrow from it the amount of [3.7] billion dollars in February of 2010 to meet the fiscal deficit due to the economic crisis the world has witnessed in 2009, which was awarded part of the amount of [2.2] billion dollars on the condition of the International Fund of Iraq that the disposal of these loans in the process of development and investment projects. ” (more…)
CBI Daily Currency Auction Jan 12, 2012: $266.7 million
Posted: January 12, 2012 in Iraqi Dinar/PoliticsTags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar
The latest daily currency auction was held in the Central Bank of Iraq on the 12-JAN-2012. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 23 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 266,765,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 266,765,000 |
| Total offers for selling (US$) | —– |
Iraq: the three presidencies will meet with representatives of the blocks Sunday to prepare for the National Conference
Posted: January 12, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Ayad Allawi, Baghdad, Iraq, iraqi list, Iraqi National Congress, Jalal Talabani, Nouri al-Maliki, Saleh al-Mutlaq
12/01/2012 12:20
Baghdad, January 12 (Rn) – The Kurdistan Alliance, Thursday, for holding an expanded meeting next Sunday in the presence of the three presidencies and representatives of the main blocs in preparation for the National Conference to be held later this month to resolve the current political crisis in the country.
The three presidencies were held last Tuesday after the arrival of Talabani’s Baghdad meeting to discuss the preparations necessary to hold a national conference of political forces.
And calls for the existing guarantees for the success of the Iraqi National Congress, and says she has participated in many conferences to activate the agreements, but did not yield solutions to disputes. (more…)
Gulf Arab princes meet to discuss holding a summit in Iraq
Posted: January 12, 2012 in Iraqi Dinar/PoliticsTags: Arab, Arab League, Arab people, Baghdad, Camp David, Iraq, Israel, kuwait
Confirmed the Arab League, on Thursday, its commitment to hold the next summit in the specified place in Iraq, pointing to the due date is the end of next March, with the secretary pointed out that the Gulf rulers meet to discuss the summit of Iraq.
The Deputy Secretary-General of the Arab League, Ahmed Ben Helli in a press statement seen by “Twilight News” “The Arab League remains committed to holding the summit in place in Iraq,” noting that “the summit will be held at the scheduled end of next March.” (more…)
Maliki appointed his son as director of his private office
Posted: January 12, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Council of Ministers, Council of Ministers of Iraq, iraqi list, Maliki, Nouri al-Maliki, Nuri al-Maliki, Prime Minister of Iraq
12/01/2012 14:14
Baghdad, January 12 (Rn) – A source in the Iraqi Council of Ministers announced the appointment of Prime Minister Nuri al-Maliki, his son, the director of his private office, indicating that the son of al-Maliki is working to make changes to the administrative staff of the Council of Ministers.
The source, who preferred anonymity, told the Kurdish news agency (Rn) that “Prime Minister Nuri al-Maliki appointed his son Ahmed as director of his own office shared with Riad al-Moussawi.” (more…)
