Today the U.S. Chamber’s Iraq Business Initiative hosted Dr. Sinan Al-Shabibi, Iraq’s central bank governor for a briefing at which he discussed Iraq’s fiscal and economic stability and progress that has been made to strengthen the country’s financial sector since 2003. (more…)
Archive for April 18, 2012
Tags: Central bank, exchange rate, Finance, Iraq, Lionel Johnson, middle east, shabibi, Sinan Al-Shabibi
Tags: Central bank, Central Bank Iraq, exchange rate, Iraq, iraqi, Iraqi Central Bank, Iraqi dinar, United States dollar
Working the banking and financial services to study the possibility of finding solutions and procedures that will maintain the strength of the Iraqi dinar was prepared with the Association of private banks in Iraq, some of the proposals in this regard in the context of her answer to the action or decision issued by the Iraqi Central Bank in which banks 21/12/2011 committed to increase credit cash to 8 times the capital reserves of sound no later than 30/6/2012, said Executive Director of the Association of private banks in Iraq, Abdel Aziz al-Hassoun said Association and banks have studied the decision and found that credit money and growth is linked to several factors, mainly the work environment, which is what you believe any expansion in economic activity and financial support. (more…)
Tags: Baghdad, Crown Prince, Iraq, iraqi, Iraqi Army, kuwait, Kuwaiti, Nouri al-Maliki
Retained since 1999 … Iraq recognized Kuwait bank instruments
18-04-2012 10:00 AM
Iraq handed over the Kuwaiti authorities, Bills and cash instruments belonging to the Kuwaiti banks had been transferred to Baghdad after the Iraqi Army in Kuwait. According to what was said by an Iraqi newspaper on Tuesday. (more…)
To meet the requirements of the foreign investor; Invitation to the establishment of specialized investment banksPosted: April 18, 2012 in Iraqi Dinar/Politics
Tags: economy, Finance Ministry, Government agency, Investment, Investor, Iraq, List of banks in Iraq, Private bank
17-04-2012 10:35 AM
Said Director of the Association of private banks Abdul Aziz Hassoun that the investment process in Chit need for specialized banking channels to invest to meet the needs of the investor’s deposit required for the import of equipment and other projects.
The Goldfinch, according to the Agency ( news) that the private banks began to evolve in their work and use modern technology to keep up banking systems world, but they are still fighting by the institutions and government departments, which calls for not dealing with private banks are reducing their effectiveness to contribute to the investment process of the country and the development of the national economy. (more…)
Source: Kurds, Iraqi List, and Ahrar blocs have secret agreement to nominate Suhail to replace PM MalikiPosted: April 18, 2012 in Iraqi Dinar/Politics
Tags: Ayad Allawi, Independent High Electoral Commission, Iraq, Iraqi National Movement, iraqiya, Maliki, Massoud Barzani, Nouri al-Maliki
BAGHDAD, April 18 (AKnews) – There is a secret agreement between the Kurdish Blocs Coalition (KBC), Iraqiya List and the Ahrar bloc to nominate the first deputy chairman of the Council of Representatives Qusay al-Suhail to replace Nouri al-Maliki as prime minister, according to a political source.
The source, who requested anonymity, told AKnews that a delegation from Iraqiya and Ahrar bloc belonging to the Sadrist movement will head to the Kurdistan Region during the next few days to decide about this issue. (more…)
Tags: Central bank, Central Bank Iraq, Currency, Finance Committee, Iraq, Iraqi dinar, Jordanian dinar, United States Senate Committee on Finance
Baghdad/JD/…The parliamentary Finance Committee revealed on certain categories of new currency the Central Bank works to process delete three zeros from the small groups are large and metal and paper, noting deposit in banks when switching the currency would be one place.
Committee Member said Majida Al-Tamimi l/JD/”groups within the new currency will be a small metal after deleting zeros and large groups (50) will be” 50 dinars “, (100)” one hundred dinars “, equivalent to (50.000)” or “fifty thousand (100,000),” hundred thousands JD “at the present time. (more…)
Tags: bank, Central bank, Central Bank Iraq, Iraq, Iraqi dinar, National Bank, Rafidain Bank, Rasheed Bank
WEDNESDAY, APRIL 18 / APRIL 2012 12:19
Central Bank of Iraq, Wednesday, for the adoption of instruments of government, private banks in its departments and institutions, pointing out that the amount of the instrument up to five million Iraqi dinars certified maximum.
Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh in an interview with ” Twilight News “The” Committee for Economic Affairs of the Council of Ministers decided to adopt the instruments of private banks in government departments and institutions that were not supported in the past. ” (more…)
The continuing controversy between the Iraqi government and the central bank weakens the value of Iraqi dinarPosted: April 18, 2012 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Council of Representatives of Iraq, Iraq, iraqi, Iraqi dinar, iraqi list, Politics of Iraq
Did not put the war between the Iraqi government and the central bank is over after. While the Bank approved the deletion of three zeros from the Iraqi currency as part of the policy that the bank decided to follow to keep the Iraqi dinar, the continuing rise in the dollar against the Iraqi dinar, which has now reached to 130 thousand Iraqi dinars for the paper green per one hundred dollars, after the exchange rate Throughout recent years, semi-fixed (120 thousand dinars per green of the paper) has opened the appetite of government intervention wide.
In order to bring optimism to the democratic development in Iraq, U.S. officials point to the parliamentary elections in 2010, which saw its international observers – including the United Nations – that it was free and fair. But with the arrest of the Electoral Commission Chairman Faraj al-Haidari, the perspective of fair elections, call into question and accountability. (more…)
Member of Finance Committee: the formation of a joint committee of the Ministries of Finance and Planning and the Central Bank to control the value of the dollarPosted: April 18, 2012 in Iraqi Dinar/Politics
Tags: Baghdad, Central bank, exchange rate, Hadi Abbas, Iraq, Iraqi dinar, Syria, United States dollar
On: Wednesday 04/18/2012 12:09
Baghdad (news) .. Announced by the Finance Committee MP / National Alliance / Secretary Hadi Abbas to form a joint committee by the Ministries of Finance and Planning in addition to the Central Bank to discuss the reasons for the high exchange rate of the dollar against the dinar, and follow-up spent to control the value of hard currency in the country. (more…)
Tags: ADB, Asian Development Bank, Economic growth, Index of Industrial Production, Interest, Small and medium enterprises, State Bank of Vietnam, Vietnam
APRIL 15, 2012
VietFinanceNews.com – The country’s leading experts have voiced concern that Vietnam is entering into a fresh battle to stave off yet another economic downturn, citing the central bank’s latest ceiling deposit rate reduction.
Worse still, macro-economic indicators in the first quarter point to a high possibility that the economy is spiraling into stagnation. (more…)
Tags: bank, exchange rate, Foreign exchange reserves, Soviet Union, State Bank, State Bank of Vietnam, Vietnam, Vietnamese đồng
APRIL 16, 2012
VietFinanceNews.com – We seem to be going through another one of those periods when almost everyone you meet, especially in the bars, is talking Vietnam down and being negative.
However, there is a difference this time. In my 20 plus years here, the Vietnamese have never been negative or pessimistic, but today they seem to be adopting the negative sentiment. (more…)
Tags: Baghdad, Government, Iraq, Iraqi people, Kurdish people, Nouri al-Maliki, Politics, State of Law Coalition
Wednesday, 18 April 2012 13:54
Baghdad (AIN) -MP of the State of Law Coalition said that “The government’s work is not affected by the current political crisis.” (more…)
Tags: Central bank, Central Bank Iraq, Currency, Deputy Governor, exchange rate, Iraq, Iraqi dinar, Monetary policy
BAGHDAD / JD / .. said researcher and academic, Dr. Hussein star need the central bank to change its policies the central bank needs to change in the tactical strategy of monetary policy. He told / to JD / that the solution lies in changing the curriculum, while maintaining the general strategy of monetary policy in Iraq and review tactics for returning extrapolate mechanisms of corporate governance in banks and then re-induction rates of inflation and the trend towards development and not about saving as is the case at the current. (more…)
Tags: Auction, Central bank, exchange rate, Iraqi dinar, Par value, Security (finance), Uniform price auction, United States Treasury security
Auction number HY39 of government debt securities was a uniform price auction for IQD 100,000,000,000 par value of bills which concluded on 16-04-2012.
Total public IQD 170,400,000,000 Valid competitive bids totaled IQD 168,400,000,000 and valid non competitive bids totaled IQD 2,000,000,000 and The cut off yield (the highest yield of a successful bidder) determined by auction was 5.80%. (more…)
National Alliance will meet today with Maliki to discuss the outstanding issues and preparing for the national meetingPosted: April 18, 2012 in Iraqi Dinar/Politics
BAGHDAD (Iba) … Said the National Alliance MP Ibrahim Rikabi The Alliance will meet today, Wednesday, and the presence of Prime Minister Nuri al-Maliki, to discuss all outstanding issues in the political arena as well as preparing for the meeting of the National. (more…)
Tags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar
The latest daily currency auction was held in the Central Bank of Iraq on the 18-APR-2012. The results were as follows:
|Number of banks||19|
|Auction price selling dinar / US$||1166|
|Auction price buying dinar / US$||—–|
|Amount sold at auction price (US$)||194,949,000|
|Amount purchased at Auction price (US$)||—–|
|Total offers for buying (US$)||194,949,000|
|Total offers for selling (US$)||—–|