Archive for February 13, 2012

Arabs increasingly relying on the US dollar

Posted: February 13, 2012 in Iraqi Dinar/Politics
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Published February 13th, 2012

Arabs are increasingly relying on the US dollar to escape some of the economic repercussions of the Arab Spring. According to a study by New York’s International Peace Institute, Egyptians and others are choosing to use dollars rather than their own currencies. Iraq’s central bank says that its dollars are sustaining Syria’s black market in currency, and in Libya, people line up at banks every morning to purchase dollars.

A year after leaders were toppled throughout North Africa, the transitions in governments has not managed to ease economic hardships. Two-thirds of Egyptians see the economy as the country’s primary challenge, and since the West’s promised aid has not yet materialized, saving in foreign currencies has increased and government borrowing costs have skyrocketed. (more…)

Najafi issue an order granting leave or not to send to Congress until after the adoption of the budget financial

Posted: February 13, 2012 in Iraqi Dinar/Politics

Date: Monday 02/13/2012 14:34

BAGHDAD (Cbaria) .. A source in the House of Representatives, the President of the Council Osama Najafi, issued an order not to grant leave or deployment of Representatives only after the approval of the financial budget for the year (2012).

The source said in a statement (of the Agency news) said on Monday: The Najafi issued this morning an order after its consultation with the Presidency not to grant any leave or send to the members of the Council until after the draft law on the financial budget for the year (2012), explaining that the order to distribute the e-mail members of the House of Representatives and its implementation will be the day (13/02/2012). (more…)

CBI Daily Currency Auction Feb 13, 2012: $85.1 million

Posted: February 13, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 13-FEB-2012. The results were as follows:

DETAILS NOTES
Number of banks 16
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 85,193,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 85,193,000
Total offers for selling (US$) —–

Dollar exchange rate due to precautionary measures to Bank

Posted: February 13, 2012 in Iraqi Dinar/Politics
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13/02/2012

After rising earlier this week assured the Central

Still rates the dollar experiencing rises slightly, despite the size of the assurances by the dominant Central Bank of Iraq and the same measures he had taken to reduce those gains, amounted to exchange rates of the dollar against the dinar more than 2255, a figure confirmed by many economists gravity continued increase, indicating the possibility of its effects on rates of inflation and rising prices across the country, and with assured central traders and those working in the local markets of the possibility of control of any height may occur to the price of the dollar having confounded federal considerably, said an economist that the effects of regional led to rises in the price of the currency exchange, noting that measures internationalism against both Syria and Iran may play a negative role in increasing the demand for the dollar in the domestic market, and then rising prices against the dinar, in the meantime has not seen the market rises in the prices of goods and materials, contrary to expectations, which indicated the possibility of gains in the overall market and sold as a result of the high dollar exchange rate. (more…)

House of Representatives will reconvene tomorrow to discuss the financial budget

Posted: February 13, 2012 in Iraqi Dinar/Politics
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Monday, February 13, 2012 12:37

House of Representatives held a hearing on Tuesday to discuss the financial budget for the current year.

A source in the information department of the Council of Representatives, told all of Iraq [where] the day that “the agenda of the House of Representatives during its meeting tomorrow will discuss the draft budget law and financial as well as the second reading of the bill held treaties made ​​by the Committee on Foreign Relations.”

He was scheduled to hold its House of Representatives last Monday but the lack of a quorum to make the presidency of the House of Representatives postponed to Tuesday the fourteenth of February.

http://bit.ly/yAl6qa

the three presidencies will meet today in the presence of the Preparatory Committee to meet the national

Posted: February 13, 2012 in Iraqi Dinar/Politics
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13 February, 2012 10:14:00

Due to the complexity of the three presidencies this evening to attend a meeting of the Preparatory Committee to meet to get out with visions of the national uniform.

According to one of the stations, the official meeting will be held today at the residence of President Jalal Talabani in the presence of Prime Minister Nuri al-Maliki and Parliament Speaker Osama Najafi and representatives of the three main blocs (the National Alliance, the coalition in Iraq, the Kurdistan Alliance).

The source confirmed that the meeting today will examine what has been discussed in a meeting yesterday, and will be put in an interview Wednesday.

http://bit.ly/z7UOiU

Securities: the Iraqi banking sector is not efficient, and banking facilities do not

Posted: February 13, 2012 in Iraqi Dinar/Politics
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12/02/2012 12:11:00

The Iraqi News Agency Independent / Baghdad / a. M … Consider a government official that the Iraqi banking sector is not efficient because the banks are not the facilities and the rest of the banking operations

The head of the Securities Commission Abdul Razzaq al-Saadi of the reporter (and independent Iraqi news agency) that Iraqi banking sector is inefficient, and banks are not the facilities and the rest of the banking operations and lacks the necessary possibility of lending for the purposes of development and in turn the expected

And that Saadi Work in the securities needed to settle cash in banks, Valtpadl in the Iraqi market for securities sale and purchase is according to two phases, the transfer of ownership of the stock from person to person and place in center of deposit of Iraq and against which there must be pay in cash to the buyer pays Vestelm seller at the same time and this BIS is in cash. ” (more…)

Economic parliamentary calls for the central bank to increase cash flow to maintain the value of the dinar

Posted: February 13, 2012 in Iraqi Dinar/Politics

12 February, 2012 08:36:00

The member of the parliamentary economic committee Hussein Almrobei the central bank to increase cash flow to maintain the value of the Iraqi dinar against the U.S. dollar.

He stressed that the high price Almrobei Ataraly dinar because of the central bank to take measures and new regulations for the circulation of foreign currency, and the Almrobei that the central bank did not work that controls what the former effect on the price of foreign currency.

He added that the procedures followed by the bank came at the wrong time or discussed with the Economic Committee in the Parliament to determine the impact on the economic situation in the country.

http://bit.ly/xm4YCH

CBI confirms the high sales of hard currency gradually

Posted: February 13, 2012 in Iraqi Dinar/Politics
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13/02/2012 08:23

Baghdad, February 13 (Rn) – The Central Bank of Iraq, on Monday, it did not reduce the sales of hard currency, but the imposition of measures to protect the country’s economy deteriorated, as he emphasized that some speculators local used the measures the bank and create enough with him to reduce his sales started rising gradually.

The deputy governor of Bank of the appearance of Mohammed, told the Kurdish news agency (Rn), “Sales Central Bank of Iraq fell after the imposition of new measures for transactions of $ 200 million to less than $ 4 million last Thursday,” noting that “sales on the rise and reached nearly $ 68 million “. (more…)

Iraq confirms its quest for the success of the National Congress in order to correct the course of the political process

Posted: February 13, 2012 in Iraqi Dinar/Politics
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13 February, 2012 07:47:00

Confirmed its commitment to the Iraqi List, the success of the National Congress in order to correct the course of the political process and to address deviations from the democratic process in order to build a civil state that respects the dignity of the citizen.

The spokeswoman said the name of the list MP Maysoon al in a press release received Fayhaa a copy of “statements made ​​in the speech of Prime Minister Nuri al-Maliki on the issue of Vice President Tareq al-Hashemi, the anniversary of the establishment of the Dawa Party, which coincided with the start of the work of the National Conference constituted an escalation of unacceptable However, if the aim was to thwart the meeting even before it begins, “the statement said.

http://bit.ly/xW7u3i

MP Najib: the final accounts should be provided to resolve the budget and not to delay

Posted: February 13, 2012 in Iraqi Dinar/Politics
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02/13/2012

Baghdad (news) called for a member of the Knesset Finance Committee from the Kurdistan Alliance Najiba Najib decisively draft budget and work to make the final accounts, noting the lack of any accounts since (2004).

said Najib (of the Agency news) said on Monday: the government work hard to resolve the draft budget and final accounts that have not made ​​since eight years. She added: We as members of the finance committee we have meetings going to finish this project and achieve the objectives of the people and their aspirations. (more…)