IRBIL, April 21 (KUNA) — Kuwait and Iraq enjoy “friendly and warm” relations which would help peoples of both countries face challenges in order to achieve comprehensive development in all domains, a senior Kuwaiti official said Saturday.
(more…)
Archive for April 21, 2012
Editorial: The implications of low exchange rate of Iraqi dinar (beneficiaries and affected)
Posted: April 21, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, exchange rate, iran, Iraq, iraqi, Iraqi dinar, Syria
On: Saturday 21/04/2012 15:42
I saw the Iraqi dinar during the past few weeks, a decline in its value falling exchange rate of (
0.0008333) dollar / dinar in early December 2011 to (0.00077) dollars / JD in early April 2012. In other words, the number of dinars per dollar of (1200) JD / dollar in the free market to the (1300) JD / dollar during the period. The exchange rate that was in the seventies Sunni $ 3.20 / JD any more than the current price of more than four thousand times (almost “). (3.2 ÷ 0.00077 = 4155 times).
Reasons for the decline in the new Iraqi dinar exchange rate: (more…)
Ministry of Finance has custody of the implementation of the lifting of the zeroes of the Iraqi currency; CBI calls for cooperation
Posted: April 21, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, Currency, Finance, Finance Minister, Finance Ministry, Iraq, iraqi, Iraqi Central Bank, Iraqi dinar, Ministry of Finance, Saleh
21-04-2012 01:00 PM
Detect the Iraqi Central Bank on Saturday, all reservation and the Ministry of Finance of the implementation of the project to delete the zeros of the Iraqi currency, calling on the executive and legislative bodies and all concerned to cooperate with him to accomplish this.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in a statement to ‘Twilight News’ that’ the Ministry of Finance expressed its opinion on the draft raise zeros from the Iraqi currency and had a reservation of this Order ‘, pointing out that’ the conservative ministry of the timing of the start of the project because all the accounts of the budget will be recorded in accordance with the new currency ‘. (more…)
Parliament’s economic committee welcomes the postponement of the deletion of zeros
Posted: April 21, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Central Bank Iraq, Fiat money, Iraq, Iraqi dinar, Local currency, Presidency of the Council of the European Union
On: Sun 04/22/2012 0:59
The head of the Economic Committee in the House of Representatives Ahmed Alwani, a draft decision of the patient as deleting three zeros from the currency issued by the General Secretariat of the Council of Ministers, considering the current time is not ideal, and it needs a long time to implement it. (more…)
Economic Committee Member: Increase in inflation in the event of the inability of monetary policy on the devaluation of the dollar
Posted: April 21, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Economy of Iraq, exchange rate, Iraq, Iraqi dinar, Monetary policy, News agency, U.S. Dollars
Date: Saturday, 21-04-2012 11: 00 am
Baghdad (newsletter) … Economy and Investment Committee member predicted Parliamentary Deputy/National Alliance winning increased rates of Amer inflation in the country during the coming period in the event of the inability of monetary policy to devalue the US dollar to Iraqi dinar.
Insitute (News Agency news) on Saturday: the continued rise in the US dollar against the Iraqi dinar without appropriate solutions and necessary action by the Central Bank will lead to significant economic problems in the country, including high rates of inflation index in the local market significantly over the next period. (more…)
The International Monetary Fund (IMF), in its latest World Economic Outlook, makes the following forecasts for Iraq:
The report sees strong growth continuing, with a figure of 8.8% projected for 2017.
Trade traders and companies accused of emptying the country of the dollar
Posted: April 21, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, Currency, exchange rate, Iraq, Iraqi dinar, Monetary policy, U.S. Dollars
On: Sun 04/22/2012 1:00
Between Trade Minister Hassan Khairallah the presence of traders and local and foreign companies working to dump the dollar from the local market through forged documents.
Hassan said, according to (Rn) that there are merchants and local and foreign companies has been working to clear the domestic market of the dollar through forged documents by those companies that resort to the claim by giving the Central Bank of the dollar against the importation of fake goods and to the country, ” (more…)
Deputy kordestani: Preparatory Committee meeting this week; President Talabani date Conference next week
Posted: April 21, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Democratic Patriotic Alliance of Kurdistan, iraqi list, Jalal Talabani, National Conference, Nouri al-Maliki, Preparatory Committee, State of Law Coalition
Date: Saturday, 21-04-2012 02: 44 pm
Baghdad (newsletter) … A member of the Kurdish Alliance Deputy/Kurdish blocs Coalition/Hassan Jihad, that the Preparatory Committee will hold a meeting this week, adding that next week the President Jalal Talabani will determine the date of the Conference national. (more…)
Oil and gas law to parliament in June next
Posted: April 21, 2012 in Iraqi Dinar/PoliticsTags: Australian House of Representatives, House of Representatives, Iraq, Kurdistan Regional government, Member of Parliament, Oil and gas law in the United States, Radio Free Iraq, Swiss Federal Council
20.04.2012
Confirmed to the Committee on Energy in the House of Representatives that the law, oil and gas controversial will be presented to Parliament for discussion after the end of the holiday Legislative Council in mid-June.
A member of the Kurdistan Alliance MP Qassem Mohammad Qasim that the vote was within the Commission to adopt the 2007 version of the law of oil and gas, adding that the parliament will be some additions and amendments to this version before it is put on the House of Representatives for a vote. (more…)
Discovery of mass graves in Kuwait due to Iraq war
Posted: April 21, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Invasion of Kuwait, Iraq, kuwait, Kuwaiti, Missing person, Nouri al-Maliki, United Nation
Has been detected mass graves near the Abdali Farms, containing the remains of Kuwaitis and foreigners were buried during the Iraqi invasion of Kuwait in 1990.
And its impact on the formation of a research team from the Department of Criminal Evidence and the Commission on POWs and missing persons, and in cooperation with the municipality to begin the excavation work next week. (more…)
