Archive for May 7, 2012

Monday, 07 May / May 2012 21:57

Hold the Iraqi National Business Council on Wednesday a seminar discussion in the presence of economic and government spokesman Ali al-Dabbagh.

The symposium will address the customs tariff law which is supposed to do in the next month, June, and also the subject of inspection certificates for imported goods. (more…)

07/05/2012 18:45

Baghdad, May 7 / May (Rn) – The Finance Committee representative on Monday that the money retained in a fund to support Iraq’s (DFI) will cover the budget deficit this year of $ 13.5 billion, indicating that the deficit situation in the budget as the number of speculative and not real. (more…)

Sadr’s movement: the time limit given to the owners for the implementation of agreements Arbil ends on May 17 and when non-compliance will be withdrawn from Maliki’s confidence
07/05/2012 PM – 2:40 p.m.

Confirmed the mass of the Liberal parliamentary of the Sadrist movement, on Monday, the deadline set by Prime Minister Nuri al-Maliki for the implementation of agreements Arbil expire after ten days, and stressed that she will withdraw confidence from the Maliki if not abided by the agreements, denying the existence of a split in the National Alliance in this regard. (more…)

05/06/2012 15:02

BAGHDAD / Aswat al-Iraq: President of the National Investment Commission, Dr. Sami al-Araji, said that the practical experience undergone by the body by dealing with investment companies wishing to invest in Iraq, has proven the need to re-consider a number of laws and make amendments to the task of the first and foremost an amendment Thani Law Investment No. (13) for the year 2006 rate, to mature regulatory environment encouraging investment in Iraq and the various sectors. (more…)

MONDAY, 07 MAY / MAY 2012 12:18

United Nations announced on Monday, working in cooperation with the Iraqi ministries spearheaded planning for the development of the new national development plan in Iraq.

The Iraqi government has allocated $ 186 billion five-year plan for the implementation of which $ 100 billion of public budgets of the country and the remaining $ 86 billion of investment projects of local and foreign. (more…)

2012-05-07 10:28:19

BAGHDAD (Iba) … Said the Kuwaiti ambassador in Baghdad to the insured that all outstanding issues have been agreed on paper, pointing out that the common fields are the only two fields and we will settle the issue by visiting Kuwaiti Prime Minister end of this year, stressing determine the quantities and the right of each country in these fields. And Kuwait with the withdrawal of Iraq from Chapter VII and forcefully. (more…)

Revealed the Kuwaiti ambassador in Baghdad to the insured on Sunday, that all outstanding issues were the Convention to them “on paper”, pointing out that the common fields are the only two fields and we will settle the issue by visiting Kuwaiti Prime Minister end of this year, stressing determine the quantities and the right of every State in the these fields.

He told the believer “Baghdadi News” that the Iraqi-Kuwaiti relationship distinct from earlier and there are things that are not measured in the political situation, but in good faith and common interests and the neighborhood, pointing out that the intention will be reflected at this stage (more…)

Economic Committee demands to postpone the parliamentary Tariff Act
07/05/2012 14:50

Erbil, May 7 / May (Rn) – The Economic Committee in the Iraqi Council of Representatives Monday asks to postpone the application of the Tariff Act because of its impact on the poor. (more…)

BAGHDAD / With: Member of the Committee declared the economy and investment, Salman al-Moussawi said his committee will host tomorrow’s central bank governor Sinan Shabibi and Deputy Prime Minister for the Economy Rose Nuri Shaways to discuss the exchange rate of the dinar against the dollar. (more…)

05/07/2012

Baghdad: As promised JD central bank governor and hosted during the day yesterday in the parliamentary Finance Committee raised the value of Iraqi dinar to better than it was before the start Ptzbzbh through the mechanics of solid and secure, the bank announced the auction on the sale of $ 190 million during the auction on Monday. (more…)

Monday, 07 May / May 2012 11:54

A member of the Committee of Economy and Investment parliamentary Salman Mohsin al-Moussawi said “his committee will host the Deputy Prime Minister for Economic Affairs, Rose Nuri Shaways and Central Bank Governor Sinan Cpie for questioning about the fluctuation of the exchange rate of the dinar against the dollar. “

He said al-Moussawi told all of Iraq [where] the day that “the Committee will be a range of topics on the reasons for the fluctuation rate of the dinar against the dollar and the decline as well as the smuggling of currency and financial and administrative corruption of the civil companies that convert the money.” (more…)

Postpone the vote to withdraw confidence from the Secretary of Baghdad until after the legislative recess

More to follow…

of the Iraqi Central Bank between the hammer of the International Monetary Fund and the anvil of legalized corruption when it was re-activity of the central bank decision of the civil administrator Paul Bremer in 2004 and was printed banknotes of the new Iraqi dinar rate Exchange 1500 dinars to the Dolaraluahd with raising the purchasing power of the Iraqi people, rejoiced involved in economic affairs better than during the analysis predictive of future of the reality of the Iraqi economy and how to promote it, which requires control of the executive power by keeping the heads of the arms of economic activity and not to leave the speculators (makers of financial and economic crises that go the lives of middle and lower classes) control mechanisms of the market. (more…)

07 May, 2012 10:11:00

The parliamentary economic committee announced that the price of the Iraqi dinar against the U.S. dollar will rise soon, which will exchange the U.S. $ 100 b and 900 117 thousand dinars, and the price will be determined by the Central Bank of Iraq. (more…)

05/06/2012

BAGHDAD / JD / .. Parliamentary Finance Committee confirmed that the central bank put severe restrictions on the sale of foreign exchange and requires that the buyer of the dollar has a bank account and leave import and lists of commercial tax in addition to settling accounts. A member of the Committee and MP for the Liberal bloc Majida al-Tamimi’s / JD / (more…)

Date: Monday 05/07/2012 7:12

Between the Director of the Association of private banks Abdul Aziz Hassoun entry-known international banks for the purpose of sharing with Iraqi banks in the performance of its duties banking in the coming period.

The Goldfinch, according to the Agency (news): There is a great desire by the international banks to contract with the Iraqi banks in order to participate in its work and technology transfer, global banking to it, adding that negotiations are still ongoing with council departments, banking, and that the coming period will witness more than international bank involved with an Iraqi bank. (more…)

Date: Monday 05/07/2012 7:15

Witnessed the emergence of local markets, specialized gangs replacing foreign currency in the country, Iraqi currency counterfeit.
And warned the circles of parliamentary and other economic expert (of the Agency news) from the exploitation of neighboring countries, unstable political situation in Iraq enter the counterfeit currency and replace it with hard currency “dollar” to their advantage. (more…)

05/07/2012

Dubai / agencies / .. President of the Bank “Warka Investment,” Saad structure, the decision to the Iraqi Central Bank to impose “legal guardianship” on his bank, saying that the decision is not based on a direct cause, and does not meet the conditions of custody, while rejecting the Central Bank Governor, Sinan Shaibi , comment on the decision. (more…)

Date: Monday, 07-05-2012 03: 19 pm

Baghdad (newsletter) … A member of the Liberal bloc of the sadrist MP//National Alliance, Governor zamli political crisis cannot be resolved through the five leaders except in the presence of Prime Minister and sit at the table of dialogue. (more…)

07/05/2012 0:00

With the continued efforts and mobility to reset the current political crisis

Al “morning,” said President Jalal Talabani and Prime Minister Nuri al-Maliki will hold a bilateral meeting ahead of the national meeting. According to political sources, the meeting would address political developments, including the letter of Mr. Muqtada al-Sadr’s recent visit to the National Alliance and ways to end the political crisis last and be reset, in addition to the research agenda of the national meeting and set a date close to him. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 7-MAY-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$) 190,153,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 190,153,000
Total offers for selling (US$) —–

Exchange rates