Revealed the deputy governor of the Central Bank of new measures will reduce the bleeding phenomenon of the currency in Iraq, noting that the first of next July will see the elimination of the operations and permanently. (more…)
Archive for April 10, 2012
10 April 2012 – The top United Nations envoy to Iraq today underscored the need for the country’s leaders to work together to resolve outstanding issues, including the holding of a national dialogue, disputed internal boundaries and the human rights situation.
Tags: Central bank, Economy of Iraq, Finance Committee, iran, Iraq, Iraqi dinar, London, Syria
On: Tuesday 10/4/2012 8:46
accused in some quarters of the parliamentary nominated “mafia Iraqi traders” dollar smuggling to neighboring countries that suffer international economic sanctions (Iran and Syria), pointing to a link to these traders.
Political figures in the window you want to influence in the Iraqi economy for personal gain by saying, Which led to a slight increase in the exchange rate of the dollar against the Iraqi dinar. (more…)
Member of Finance Committee: You must develop a strategic plan based on a scientific basis for the advancement of the economyPosted: April 10, 2012 in Iraqi Dinar/Politics
Tags: Baghdad, Economy of Iraq, Finance Committee, Iraq, iraqi, Iraqi dinar, Member of Parliament, United States Senate Committee on Finance
On: Tuesday 10/4/2012 8:27
Baghdad (news) .. Member of Finance Committee called on the MP / Kurdistan Alliance bloc / Najiba Najib to activate the various economic sectors through the development of a strategic plan based on a scientific basis for the advancement of the Iraqi economy.
The answer (of the Agency news): You should develop a strategic plan, whether a five-year or decimal, including rehabilitation and activation of all economic sectors in the country, especially (agricultural, industrial and tourism) in the advancement of the Iraqi economy and transform the economy of a yield mono source to a robust economy, supported on large segments of non-oil . (more…)
Tags: Central Bank Iraq, Currency, Economy of Iraq, exchange rate, iran, iraqi, Iraqi dinar, Syria
BAGHDAD, April 10 (AKnews) – The finance committee in the Iraqi Council of Representatives today warned about the deterioration of the Iraqi economy due to the low exchange rate of the dinar to the US dollar, assuring that proposals are underway to get the country back on its feet.
Committee member Shawrash Mustafa said the committee began to study the deterioration of the Iraqi dinar exchange rate and put in place several methods to halt the crisis. The proposals will be delivered to the Ministry of Finance and Iraqi Central Bank (ICB). (more…)
Oil Law (HCL Law) could be close to resolve after more than a 5 year standoff; Sources suggest forthcoming meeting between lawmakers aim to pass lawPosted: April 10, 2012 in Iraqi Dinar/Politics
Tags: Australian House of Representatives, Central Government, House of Representatives, Iraq, Iraqi people, Law, Oil and gas law in the United States, Political coalition
BAGHDAD – Muhannad Abdul Wahab
Reliable sources told the “morning” that the meeting will be held between representatives anticipated from the central government and provincial government to resolve the file oil and gas law, which is still at a standstill for more than 5 years.
The sources confirmed that the meeting may resolve the debate over this law is important, paving the way for the leadership of Iraq to the world oil market, especially with the policies of the government to increase production and exports. And MP for a coalition of state law Aboud Issawi that the oil and gas law is suffering from controversial because of the inaccuracy of the interpretation of materials constitutional. (more…)
Najafi: non-subordination to the government’s central bank prevents the seizure of Iraq’s money by creditorsPosted: April 10, 2012 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, exchange rate, House of Representatives, Iraq, Iraqi dinar, Monetary policy, Nouri al-Maliki
BAGHDAD (Iba) .. The head of the House of Representatives Osama Najafi said non-dependence of the government’s central bank prevents the seizure of Iraq’s money or the implementation of international rules against Iraq by the creditors.
Nujaifi said in a statement received by the independent press (Iba) a copy of it today during a meeting with central bank governor Mohammed al-Shabibi in his office we Nakdaly that the central bank is independent and responsible according to the provisions of Article 103, paragraph 2, of the Iraqi Constitution, as well as Article 2/2 of Iraqi Central Bank Act 56 of 2004 which states, in order to achieve the goals of the Iraqi Central Bank and to accomplish its tasks, the Central Bank of Iraq independent and responsible as provided for by this law. Except as otherwise determined herein. (more…)
Tags: bank, Central bank, Currency, dollar, exchange rate, Iraq, Iraqi dinar, Market price
On: Tuesday 10/4/2012 8:39
saw the dinar new low against the dollar to reach in local markets to 126.5 thousand dinars for the paper category percent dollars.
According to traders and shop owners banking that the dinar is witnessing a clear decline and this will lead to the loss of citizen confidence in local currency, which was on the rise against the dollar During the past years. (more…)
Tags: Arbil, Baghdad, Ban Ki-Moon, Iraq, Iraqi Kurdistan, Jalal Talabani, kurdistan, Nouri al-Maliki
Ban Ki-moon: the national meeting an opportunity to end the political deadlock
Seeks President Jalal Talabani to hold a meeting between Prime Minister Nuri al-Maliki and President of the Kurdistan region, Massoud Barzani, head of the provincial government or Nechirvan Barzani to resolve the outstanding issues between the center and the region. (more…)
Allawi calls for the intervention of Washington and the UN to implement the agreement Erbil power-sharingPosted: April 10, 2012 in Iraqi Dinar/Politics
Tags: Ayad Allawi, Iraq, Kurdistan Regional government, Maliki, Massoud Barzani, Nouri al-Maliki, Saleh al-Mutlaq, United States
Beirut, April 10 (Rn) – The former Iraqi Prime Minister Iyad Allawi, in an article titled “Iraq sliding into renewed violence” in the newspaper “The Washington Times,” America on the occasion of the ninth anniversary of the invasion of Iraq, that Iraq is sliding phase of the “rule of one man dangerous that will lead inevitably to the dictatorship of a comprehensive, “which dispels hopes for the establishment of a stable and prosperous Iraq, a federal and democratic society. (more…)
Tags: Ban Ki-Moon, Chapter VII of the United Nations Charter, Iraq, Jalal Talabani, kuwait, Secretary General United Nations, United Nation, United Nations Security Council
On: Tuesday 10/4/2012 9:26
The Secretary-General of the United Nations Ban Ki-moon, that the security situation in Iraq may be exposed to degradation from new if it is not to find solutions to political problems in the country, and called on Iraqi leaders to redouble their efforts and work in a spirit of national success of the National Congress, (more…)
Tags: Baghdad, Central bank, Iraq, List of banks in Iraq, Money, Private bank, Stock market, Tuesday
On: Tuesday 10/04/2012 13:43
Baghdad (news) .. Commended the Director of the Association of private banks Abdul Aziz Goldfinch on the activity of private banks in the securities market, adding that it is committed to protecting investors’ money more than make profit or taking shares in the market.
said Goldfinch (of the Agency news) said on Tuesday: The General Authority for Securities committed private banks to establish companies for the purpose of mediation in the stock market, provided that the capital of a specific one billion Iraqi dinars, and these companies operate under the supervision and audit the Central Bank. (more…)
Economic Parliamentary calls to keep the central bank and not an independent body linked to governmentPosted: April 10, 2012 in Iraqi Dinar/Politics
Tags: bank, Central bank, Central Bank Iraq, Economy of Iraq, House of Representatives, Iraq, Nouri al-Maliki, Prime Minister Nuri al-Maliki
BAGHDAD (Iba) … The member of the parliamentary economic committee Qusay slaves to keep the central bank an independent body and not linked to the government.
Ebadi said in a statement, told the independent press (Iba) … That the text of the Constitution to make the Central Bank of Iraq, independent and impartial body away from the executive, explaining that there are points of trying to control the bank by making it subordinate to the government. (more…)
Member of the parliamentary finance: the supervision of the government on the central bank nor a dangerous trend in the interest of the Iraqi statePosted: April 10, 2012 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Iraq, iraqi, Iraqi dinar, Karbala, Monetary policy, Nouri al-Maliki
Tuesday, April 10 / April 2012 16:20
Threatened a member of the Finance Committee of the Parliamentary Najiba Najib said its committee will have a firm stand to prevent linking the Central Bank of the government in any way. “
She told all of Iraq [where] on Tuesday that “the State shall direct the latter through the demands of some political blocs directed to the Central Bank that is under the supervision of the government a dangerous trend is not in the interest of the Iraqi state,” he rejected the principle of supervision of the Government to the Central Bank by members of the Committee, as it will affect the fiscal policy of the country. ” (more…)
Tags: Baghdad, Central bank, Commission, Committee, House, Iraq, Law, News agency
Date: Tuesday, 10-04-2012 02: 54 pm
Baghdad (newsletter) … Parliamentary Committee discussed follow-up to the recommendations of the independent bodies at its meeting today the House relationship with independent bodies and independence, the supervision and responsibility of the link mechanism work, constraints and obstacles encountered in their work and how to address them. (more…)