Archive for January 15, 2012

CBI calls for serious action government to get out of Chapter VII

Posted: January 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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Date: Mon 01/16/2012 6:40

called on the Deputy Governor of the Central Bank of the appearance of Mohammed for the government to take action at the international level to raise the country from Chapter VII in order to create the appropriate atmosphere to enter the major global companies.

Salih said (of the Agency news): The exit of Iraq from Chapter VII is very necessary for the transfer of foreign expertise and technological developments in various economic fields, the fact that Iraq needs a network of international contractors for the implementation of investment projects. (more…)

A seminar on Iraq’s accession to the WTO

Posted: January 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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15.01.2012
With the continuation of the debate in economic circles about the feasibility of Iraq’s accession to the WTO, held in the Ministry of Planning and Development Cooperation, in cooperation with the Ministry of Commerce (Sunday) a seminar discussion of the definition of the benefits of the accession of Iraq, seeking since 1987 to achieve this goal, has already succeeded in 2004 to join the international organization, but membership was restricted, as it has joined as an observer in the first phase, on the road to full membership.

The seminar saw a difference in the views put forward by the experts, planners, and the audience was divided between supporters of Iraq’s accession to this international organization, and the other rejecting it for the time being. (more…)

Credit cards guaranteed world in Iraq

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Trade Bank of Iraq's Logo

14.01.2012

Trade Bank of Iraq announced that a high-quality credit card will be issued for the first time in Iraq and in cooperation with international banks and companies sober, in a move to increase the volume of credit card transactions in Iraq.

And describes the director of the Bank Hamdiya dry to the credit card new will be issued two types; Gold Card, which will be given to all citizens who wish to do so, and the size of a credit at least 500 thousand dinars, and cards, “Infinity,” which will be allocated to the category of business, the size of a credit than one hundred thousand dollars.

Showed dry in an interview with Radio Free Iraq that the Trade Bank of Iraq was the only bank in the country which has the membership of companies (Visa) and MasterCard World Wars, and points out that the bank plans to raise the credit limit of the bank in international banks by increasing the capital of 500 billion Iraqi dinars to 1,000 billion dinars. (more…)

Economist Opinion: Rid Iraq of foreign currencies to achieve economic stability

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Economists Opinion: To rid the national currency of the dominance of important currencies of neighboring countries to achieve economic stability
On: Sun 01/15/2012 12:15

Baghdad (news) / report / Faleh Hussein / .. Has become the Iraqi economy vulnerable to shocks and regional fluctuations in exchange rates of currencies of neighboring countries like Iran and Syria against the U.S. dollar because it will reflect negatively on the economy of the local market in terms of commodity prices, because most of them imported.

As advised economists need to work on the development of all economic sectors to spare the Iraqi economy and regional variables of Foreign Affairs.

The decision of the Finance Committee MP / coalition in Iraq / Ahmed electrodes (of the Agency news): The trade between Iraq and Iran, a large and any impact affects the Iranian currency or the Iranian economy will affect the process of trade and commodity prices in local markets that most of them imported from Iran . (more…)

CBI: The high price of the dollar will affect the CBI reserves

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Sunday, January 2012

BAGHDAD / With: Description of the Central Bank of Iraq marked increase in the price of the dollar for the sale and purchase against the Iraqi dinar (b fierce attack) on the currency in Iraq, stressing that the continued rise will impact negatively on bank reserves from the dollar.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, a reporter for the future, news agency on Sunday that: “The rise in the price of the dollar was expected”, describing the rise of “quasi-attack on the currency.” (more…)

MP Dani: import random economic disaster consume the hard currency

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Fri 1/15/2012 8:32

Baghdad (news) .. Warned a member of the Economic Commission MP / coalition in Iraq / Nahida Daini continued import random for goods and large quantities because they consume hard currency in Iraq.

The Daini (the Agency news) on Sunday: there is an agreement between Iraqi traders and merchants of neighboring countries to control the domestic markets through enter the goods are poor and not subject to standardization and quality control and in large numbers over the need for Iraq to it, which led to the depletion of foreign exchange.

She added that the hard currency now go to neighboring countries as the volume of trade exchange between Iran and Iraq and Turkey reached more than (10) billion dollars per year These are all longer drain of hard currency. (more…)

Rasheed Bank: Iraqi banks suffer from technological backwardness and lack of confidence by citizens; We are working to advance our systems

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Sun 01/15/2012 14:24

Baghdad (news) .. The member of the Board of Directors of the Bank Rashid Hussein Kazaz the government to work on bringing advanced financial systems technologies and gain the confidence of the citizen banks of Iraq to avoid the obstacles facing them.

said Kazaz (the Agency news) on Sunday: The Iraqi banks now suffer from the difficulty of technology transfer due to lack of knowledge Full of technology banking force in the countries of the world advanced, and the lack of trust between the Iraqi banks and the public has a role in the obstruction of banking that citizens fear to deal with Iraqi banks. (more…)

Economists call for the activation of fiscal federalism in the distribution of imports and budget

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Baghdad, January 14 (Rn) – The number of experts and analysts to the adoption of fiscal federalism and expanding the role of the provincial councils in the disbursement of the financial budget for 2012, revealing that the advancement of infrastructure in Iraq and the implementation of key services must be done through the application of this concept.

The economist said, and teaching at the University of Mustansiriya Chamber of Commerce and a member of the Iraqi Bilal Kadhim told the Kurdish news agency (Rn) that “the application of the concept of fiscal federalism and the expansion of the powers of provincial councils after being qualified well on the mechanism of exchange of budgets and implementation of projects.” (more…)

U.S. firm: Iraq is expected to surpass China in terms of growth in the years to come

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Called for U.S. engineering firm Fluor, Saturday, Iraq to invest more in infrastructure for electricity and water to achieve sustainable growth, as predicted over Iraq to China in the level of economic growth.

The head of the unit of energy and chemicals in the Fluor Peter Awstrver in a statement seen by “Twilight News” that “Everyone is talking about oil and gas, but electricity and water are of great importance in the development of Iraq and they lack the development.” (more…)

Nassif demanding high-Maliki not to rely on the report of the Technical Committee on Port Mubarak during his visit to Kuwait

Posted: January 15, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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2012-01-15 11:25:03

BAGHDAD (Iba) .. MP has called for high-mass white Nassif Prime Minister Nuri al-Maliki to not rely on the report of the Technical Committee on the damage in the event port Mubarak to address this issue during his upcoming visit to Kuwait.

Said Nassif told him the Information Office of the mass of the day: The Technical Committee Report on damage to the port of Mubarak not exceed being reported sterile reflects the vision of Kuwait to the issue, and after that I took this committee advice from advisers Kuwait foreigners who obviously can feed their views in the interests of the state, which used them compared to a good salary. (more…)

Najafi postponed meeting of the Council of Representatives to Thursday January 19th

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Chairman of the House of Representatives decided to Osama Najafi, Sunday, postpone the hearing of the House of Representatives of the 13 which had been scheduled for next Tuesday to Thursday 19 December, the current, due to preoccupation with leaders of political blocs preparatory meetings for the National Conference.

The Information Office of the Ngeevi in ​​a statement issued today, and received “Sumerian News” copy, “The House of Representatives Speaker Osama Najafi, decided to postpone the hearing of the House of Representatives of 13, which was scheduled for next Tuesday to Thursday 19 December, the current,” attributing postponement to the “busy leaders of political blocs preparatory meetings for the National Conference in Baghdad and Kurdistan.”

(more…)

Talabani to leave for Germany to seek medical treatment

Posted: January 15, 2012 in Iraqi Dinar/Politics
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Erbil, January 15 (Rn) – Iraqi President Jalal Talabani Sunday to Germany for a series of medical tests, hours after a meeting with Prime Minister Nuri al-Maliki and Parliament Speaker Osama al.

Talabani was called in earlier to hold a national conference brings together all political forces to defuse the current political crisis.

The presidential statement said that Talabani was “left to the Federal Republic of Germany for a series of tests and will return to the home upon completion of the Preparatory Committee of the National Conference preparations to continue his efforts to find a prompt solution.” (more…)

“Israel – Cord:” 112 countries at the United Nations and the Security Council is ready to declare the State of Kurdistan

Posted: January 15, 2012 in Iraqi Dinar/Politics
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Source revealed Kurd in the Kurdistan Region, Sunday, that more than 100 countries at the United Nations in addition to two states in the UN Security Council prepared to vote on the declaration of a Kurdish state independent, pointing out that most of these countries Britain and the regional countries and neighboring Iraq.

The increasing presence of Kurds according to the geographical area in Iraq, Syria, Turkey and Iran, only those countries opposed to any step of the separation.

The director of the Center for Israel – Cord, David Albagustani, in an interview with “Twilight News”, “There are 110 countries at the United Nations was ready to recognize the state of Kurdish in the event of its announcement, in addition to two members of the Security Council, ready for it, there are also two other members of the Security Council are not entitled to vote are ready also for the recognition of the Kurdish state, as well as a neutral party. ” (more…)

CBI Daily Currency Auction Jan 15 2011: $231.1 million

Posted: January 15, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 15-JAN-2012. The results were as follows:

DETAILS NOTES
Number of banks 21
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 231,115,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 231,115,000
Total offers for selling (US$) —–