Archive for March 13, 2012

Iraq PM heads to Kuwait ahead of Arab summit

Posted: March 13, 2012 in Iraqi Dinar/Politics
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(AFP)

13 March 2012 BAGHDAD — Iraqi Prime Minister Nuri al-Maliki heads on Wednesday to Kuwait in a bid to boost ties still strained by Saddam Hussein’s 1990 invasion of the emirate, in the run-up to an Arab summit later this month.

Maliki will be accompanied on the two-day visit by Foreign Minister Hoshyar Zebari, Finance Minister Rafa al-Essawi, Transport Minister Hadi al-Ameri and Human Rights Minister Mohammed Shia al-Sudani, the premier’s spokesman Ali al-Mussawi told AFP on Tuesday. (more…)

Iraq is a fourth ribs economic power in the region

Posted: March 13, 2012 in Iraqi Dinar/Politics
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Date: Monday 12/03/2012 18:46

D. Ibrahim Bahr al-Ulum
if the U.S. presence in Iraq over the past eight years, sometimes down to curb the problems between the political blocs and the obstacle while another in the development of the national project, I believe that the American withdrawal at the end of last year, making everyone in front of national merits.

This test will reveal the possibility of Iraqis to reach a common conviction and makes them in front of limited options: first option: the option of a weak state in front of conflicts regional countries, especially the triangle Iranian – Turkish – Saudi Arabia, and the product of this option is not being able to promote Iraq politically and economically to Iraq remains the country’s weakest in the episodes of conflict and keep crises swept continuously. (more…)

Billion, the central bank: reserves necessary funds or frozen?

Posted: March 13, 2012 in Iraqi Dinar/Politics

Central Bank of Iraq has succeeded after the re-founded in 2004 in a substantial increase in foreign cash reserves, which exceeded the recent barrier sixty billion dollars.

It seems like a large amount of Iraqi standards, especially as the burden of Iraq was burdened with even a few years ago foreign debt of more than $ 100 billion.

But he remains modest even compared with some countries in the region such as Saudi Arabia, Algeria, United Arab Emirates, not to mention China and Japan. (more…)

UN Representative Kubler: Signs of a breakthrough in the outstanding issues between Iraq and Kuwait

Posted: March 13, 2012 in Iraqi Dinar/Politics
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13/03/2012

Visited the UN representative in Iraq, Martin Kobler the shrine of Imam Hussein peace be upon him in the city of Karbala Zarams Monday, accompanied by a government delegation, and met with a representative of the religious Supreme Sheikh Abdul Mahdi al-Karbalai has reached the Special Representative of the Secretary-General United Nations in Iraq Martin Kobler to the holy city of Karbala yesterday morning.

The Special Representative of the Secretary-General United Nations in Iraq Martin Kobler during a press conference that the many reasons behind my visit to the city of Karbala, including great respect for this holy city and its culture, history and the second reason is to see and learn about projects of this city and the third reason is to celebrate the International Women’s Day, adding that this visit is the first of its kind in the city and that the United Nations has many of the aid they could offer to this city. ” (more…)

Study: The deletion of zeros from the dinar .. Where to

Posted: March 13, 2012 in Iraqi Dinar/Politics
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Investigations and contemporary society : the deletion of zeros from the dinar .. Where to

Of us who recall the process of switching categories of currencies of the former regime in 2004, currencies of new, and the concomitant difficulties of moving bags of flour by car and the emergence of large quantities of counterfeit ones, as well as the emergence of large quantities of the currency of origin (Swiss) and the resulting activity of the mediators and manipulators among the general public, banks and bribes that accompanied those processes .. (more…)

Experts Opinion: Delete the zeros does not affect the purchasing power of consumers

Posted: March 13, 2012 in Iraqi Dinar/Politics
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The whole number of economic experts that the process of deleting the zeroes do not affect the purchasing power, stressing it a bold step towards the restructuring of the local currency.

The deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh (range): The mass circulation of cash exporting over 30 trillion Iraqi dinars to the various groups
And reflected by the number of securities traded $ 4 trillion paper money is the product of a long period of inflation and economic decline, where the index of consumer prices base 1993 from 100 to 200,000 in the midst of 2003, which means that the item that was sold for 100 dinars became sold for 200,000 dinars. (more…)

CBI Daily Currency Auction March 13, 2012: $234.4 million

Posted: March 13, 2012 in Iraqi Dinar/Politics

The latest daily currency auction was held in the Central Bank of Iraq on the13-MAR-2012. The results were as follows:

DETAILS NOTES
Number of banks 27
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 234,458,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 234,458,000
Total offers for selling (US$) —–

Department of Commerce: Economic Cooperation Committee of Iraq – France will meet in Paris the day after tomorrow

Posted: March 13, 2012 in Iraqi Dinar/Politics

On: Tuesday 13/03/2012 13:48

Baghdad (news) .. The Director General of the Department of Foreign Economic Relations, Ministry of Commerce Hashim Mohammed Hatem for the start of the meetings of the thirteenth session of the ICRC to Iraq – French Joint Economic and Technical Cooperation in Paris on Thursday. (more…)

Central Bureau of Statistics reveals high rates of annual inflation in Iraq

Posted: March 13, 2012 in Iraqi Dinar/Politics

13/03/2012 11:25

Erbil, March 13 / March (Rn) – The Central Bureau of Statistics of the Ministry of Planning of Iraq on Tuesday, the annual headline inflation for the period of the month of February of last year, 2011 to February 2012 up by (5.7%)

He said a press release issued by the Information Office of the Ministry of Planning, the Agency has received the Kurdish news agency (Rn) a copy of it today that “inflation index for the month of February saw a slight increase (0.7%) compared with the month of January.” (more…)

Iraqi Planning begins by issuing 5 million national card

Posted: March 13, 2012 in Iraqi Dinar/Politics
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Baghdad, 13 March / March (Rn) – The Iraqi Ministry of Planning, on Tuesday, it will issue about 5 million and a national card and a factory special ration card after it decided to start implementation of the project runs its first national card worth $ 260 million.

Said Minister of Planning Ali Shukri on the sidelines of the opening of electronic queries in the ministry, told the Kurdish news agency (Rn), “The initial phase includes the establishment of a special factory for the ration card and contract to issue 5 million national card during the year 2012.” (more…)

Iraqi List describe the results of the meeting of the Preparatory Committee V “Palmhdja”

Posted: March 13, 2012 in Iraqi Dinar/Politics

13/03/2012 14:12

Baghdad, March 13 (Rn) – called the Iraqi List led by former Prime Minister Iyad Allawi, Tuesday, results of the meeting of the Preparatory Committee the fifth day yesterday as “positive” and “encouraging,” indicating that they would not object to any place specified by President Jalal Talabani for the conference national levels. (more…)

Member of the Economic Committee: Increase the value of the national currency requires economic development and diversification in fiscal revenue

Posted: March 13, 2012 in Iraqi Dinar/Politics

Baghdad (news) .. A member of the Economic Commission MP / National Alliance / Abdul-Abbas broadly to increase the value of the Iraqi currency is required to find comprehensive economic development for all sectors and the diversity of fiscal revenue to the state.

said Xiaa (of the Agency news) said on Tuesday: The increase in the value of the Iraqi dinar against foreign currencies and international needs to plan scientific thought for the development of economic sectors in the country, and make the State’s revenues transformed from a unilateral to a multi-faceted with a cover of a major financial hard currency, as well as the organization of financial expenditure in the state. (more…)

Parliament: Companies listed on the stock market and behind the rise in the dollar exchange rate

Posted: March 13, 2012 in Iraqi Dinar/Politics

A member of the Finance Committee parliamentary Faleh applicable to companies registered in the Iraqi market for securities are the main cause of the high value of the dollar against the dinar because they are trading in their share of the dollar that you receive from the bank by selling the currency instead of buying them for goods and merchandise.

He pointed out that the central bank has promised to reduce its value in the next few days. He said according to the applicable (Euphrates News): The Central Bank is responsible for fiscal policy and thus is obligated to take measures and controls to preserve the value of the dinar, (more…)