Archive for January 18, 2012

Many trading the U.S. dollar in most commercial transactions within the Iraqi market, especially after 2003, and became easy to be run by any person regardless holdings of U.S. currency in the supermarket or even when the owners Bsttiyat of cigarettes, it is no longer limited to the shops banking, which were approved, the work has At the end of Tsaininiat the last century and the other non-licensed doubled prepared hundreds of times, the owners of the business dealings in import and Altsidirwalakarat and stores of gold and shows sell cars and the rest of the other economic activities carried out most of their transactions in dollars instead of the Iraqi dinar, this is payment of most segments of society to embrace the phenomenon of dollarization, which reached fairly simple transactions in the shopping process, which led to the spread of the owners of Bsttiyat banking on the sidewalks and at entrances to commercial streets scattered throughout the rest of the capital Baghdad and other governorates.

Traders
In the market for a nice commercial business transactions take place for buying and selling food in U.S. dollars and are of such transactions, either by transfer of funds through banking offices, or direct delivery, which avoids most of the traders because of robbery, theft and robbery taking place between now and then. (more…)

Baghdad, January 18 (Rn) – Iraq’s central bank said Wednesday that sales volume for the day of foreign currency amounted to about $ 200 million.

And reached sales of central bank in January 11 of current January to $ 300 million for the first time in years.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn), “Sales of the Central Bank of $ 203 million to this day.” (more…)

Trade: sessions to explain the importance of Iraq's accession to the World Trade Organization (WTO)The Ministry of Commerce held educational seminars about Iraq’s accession to the World Trade Organization (WTO).

In a statement, the ministry received / Baghdadiya News / copy of it, “The organization is an entity permanent and is characterized by being possesses considerable power to mediate trade disputes among member countries and sets penalties Between countries, and identifies appropriate sanctions for different cases was founded in 1995 and based in Geneva, in the wake of the last session of negotiations on the Convention and the so-called Uruguay Round. (more…)

KUWAIT CITY, Jan 17: Kuwait should strengthen economic and security ties with Iran and Iraq, says parliamentary elections candidate from the First Constituency Abdul Hameed Dashti.

Asserting Kuwait should not listen to those who spread terrifying rumors about the two countries, Dashti said, “We should protect Kuwait by balancing relations with neighboring nations. Some people seem bent on spreading scary stories about Iran and Iraq. Over the last 400 years, we have not seen anything from Iran.

We have excellent relations with Saudi Arabia. We should sign a treaty of good neighborhood, as well as economic and security cooperation with Iraq and Iran. They have excellent markets for our products.” He also emphasized the need to open communication lines with the two countries. (more…)

On: Wednesday 18/1/2012 8:50

Baghdad (news) .. Called on the Director of the Association of private banks Abdul Aziz al-Hassoun to launch credit cards variety Kalmastr Card and Alvezacard after the successful use of the smart card in the delivery of pensions.

said Hassoun (of the Agency news) on Wednesday: that this process will facilitate a lot of financial matters and reduce the bloc’s monetary market local, calling for awareness of citizens and encouragement to deal with these cards. (more…)

The Iraqi Embassy in Washington DC dealt with nearly 5,000 applications from American companies hoping to do business in Iraq last year, a 70% jump from 2010, according to an article from Chicago Business.

Among the companies mentioned are the Schaumburg, Illinois-based manufacturer Quality Float Works Inc., which mades devices to control liquid flows in machinery. (more…)

18.01.2012 14:43:30

BAGHDAD (Iba) .. An official source at the Arab League, the high-level delegation, headed by Ambassador Ahmed Ben Helli, Deputy Secretary General of the League of Arab States, will visit Baghdad at the end of this month, to find out the last preparations conducted by the Iraqi government to host the Arab summit of the 23 scheduled at the end of next March.

He the source to the Foreign Minister Hoshyar Zebari will hold talks during his stay in Cairo, beginning next week, to attend the meetings of Arab foreign ministers, on the date of the delegation’s visit and the procedures to be carried out by Iraq in the light of his insistence on maintaining the right to host the summit. (more…)

Presenting the coalition, the Iraqi leader Iyad Allawi, on Wednesday, three scenarios to resolve the crises in Iraq, two of which Asttnaa Prime Minister Nuri al-Maliki to continue to preside over the government and the search for a replacement in case of failure of the National Congress.

Iraq is gripped by unprecedented political crisis which leads a coalition of Iraq and the rule of law, and severe after the judge has issued an arrest warrant for Vice President Tareq al-Hashemi on charges of “terrorism.”

In an attempt by leaders to resolving the crisis, called on President Jalal Talabani to hold a national conference brings together the parties, as pointed deputy Khudair Khuzaie earlier today that the conference will be in next week. (more…)

18/01/2012 15:05

Baghdad, January 18 (Rn) – The leader of the Iraqi List, Iyad Allawi, Wednesday, three solutions to contain the current political crisis in the event of failure of the National Conference to be held early next month.

He stressed that one solution is to nominate a replacement for the current Prime Minister Nuri al-Maliki’s coalition, which was considered evidence of Allawi’s statements lost the leadership of the list and try to cover up the mistakes in the decision to suspend the membership list in the House and Cabinet. (more…)

Wednesday January 18, 2012

Suggested that the Iraqi leader Ayad Allawi, the National Alliance named a new prime minister from among the three options in the event of failure of the National Conference to be held soon.

Allawi said at a news conference in Baghdad on Wednesday to hold a meeting of the Iraqi List, the National Alliance before the three options in the event of failed national conference to end the crisis, noting that those options include replacing the current Prime Minister Nuri al-Maliki or achieve Alharkh national and activate the Arbil, in full or early parliamentary elections.

http://bit.ly/y3BtcC

The Central Bank of Iraq issues CBI bills and has adopted a mechanism that will be applied periodically. The results will be announced at 11 am after the closing time of the auction which is at 10 am.

The auction No. C50 for Central Bank of Iraq bills based on a uniform price auction for IQD 150’000’000’000 par value was concluded on the 17-1-2012.

The total public bidding is IQD 184’500’000’000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 5.90%. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 18-JAN-2012. The results were as follows:

DETAILS NOTES
Number of banks 21
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 200,140,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 200,140,000
Total offers for selling (US$) —–