Archive for May 16, 2012

Sadr’s 15-day deadline given to Maliki ends Thursday

Posted: May 16, 2012 in Iraqi Dinar/Politics
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16/05/2012 09:24:00
Baghdad / NINA /–The timeout given by Cleric Moqtad al-Sadr to PM, Nuri al-Maliki will e to comply with the message that came out of the five leaders’ meeting in Arbil in28 last April will end tomorrow, Thursday.

Calls by political parties recently escalated for the withdrawal of confidence from al-Maliki as the deadline set by the al- Sadr going to be expired .

Some political parties, said that Prime Minister Nuri al-Maliki violate the constitution and stay away from what came in its terms .

http://bit.ly/L0zqfY

The time factor putting pressure on the end of the notice of all weeks

Posted: May 16, 2012 in Iraqi Dinar/Politics
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Maliki, facing calls for the withdrawal of confidence from the government to appeal to the Constitution and the choice of the majority ends on Thursday, the deadline set by the consultative meeting for the meeting of Erbil to respond to the demands nine without some of its participants a clear answer on a package of reforms proposed it as an input to resolve the political crisis.

Observers believe in the path of political crisis that put all parties on the line after reaching the relationship between them to the stage is difficult to restore and repair and put it on the road to the political process. (more…)

Vietnam exchange rate changes likely as dong up

Posted: May 16, 2012 in Asian Currency Markets
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VietFinanceNews.com – The Vietnamese dong currency is rising, so exchange rate adjustments may be in store, said economic experts of the National Institute for Finance at a conference in Hanoi last week.

According to analyses by experts, the dong has strengthened by 23.8% against the U.S. dollar and by 5.7% against the basket of currencies of the country’s major trading partners. (more…)

Delete and replace the zeros of the Iraqi currency early 2013

Posted: May 16, 2012 in Iraqi Dinar/Politics
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Main points:

  • Various categories of new currency will begin to be printed in September 2012
  • New currency will be issued in January 2013
  • Dinars held currently will be pulled off market completely by mid-2014, approximately 1 year from new currency being issued
  • Authorities believe new currency will create stability economically and reduce dollarization (hard currency)

Sumerian News / Baghdad revealed the Finance Committee of parliament Tuesday, that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September. (more…)

CBI: Dinar will not recover fully until currency smuggling is stopped

Posted: May 16, 2012 in Iraqi Dinar/Politics

Date: Wednesday, 16-05-2012 12: 32 pm

Baghdad (newsletter) … Deputy Central Bank Governor Mohammad Saleh appearance in Iraqi dinars return to normal, as a result of the increased demand to buy the dollar, noting that the average sales of Central Bank foreign currency totalling 200 million dollars and demand for purchased estimated at half a billion dollars. (more…)

CBI: Exchange rate should stabilize in about 4 months

Posted: May 16, 2012 in Iraqi Dinar/Politics
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CBI: the return of the dollar exchange rate to 120 during the day

The central bank said that the exchange rate of the dinar against the dollar will return to normal by about the former “120-121″ in a few days, criticizing the lack of government control over the attack, which targeted the regional Iraqi market.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that “the Bank is dominated by heavily on the problem of the high exchange rate of the dinar, which is temporary and caused by the attack on the Iraqi market of some regional countries as a result the surrounding circumstances as well as trade openness-free controls sober.” (more…)

Awadi: the political crisis caused by a delay not to adopt the law of oil and gas

Posted: May 16, 2012 in Iraqi Dinar/Politics
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2012-05-16 13:59:46

BAGHDAD (Iba) … According to a member of the Commission on oil and energy parliamentary Awad al-Awadi, that the law of oil from the important laws will be the first of the laws that Parliament will work on the legislation after the legislative recess, pointing out that the crisis facing the country is the reason for the delay in approval (more…)

KRG threatens to reveal secret documents about Maliki’s policy

Posted: May 16, 2012 in Iraqi Dinar/Politics
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Tuesday, 15 May 2012 22:55

Erbil (AIN) –The Presidency of Kurdistan Regional Government threatened to reveal secret documents related to the agreements concluded between the State of Law Coalition and KR or related to the general political situation in Iraq. (more…)

Mutlaq and Jeffrey: Solving the current crisis comes through legal and constitutional frameworks

Posted: May 16, 2012 in Iraqi Dinar/Politics
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Deputy Prime Minister Saleh al-Mutlaq with the U.S. ambassador to Iraq, James Jeffrey Althanaah overall relations between Baghdad and Washington and ways of developing the interest of the two peoples of Iraq and the U.S.

Zcarpean and al-Mutlaq of the Office of the Agency has received all of Iraq [where] a copy of it today that “al-Mutlaq, received at his office in the U.S. ambassador to Iraq, and the two sides during the meeting focused on the political crisis gripping the country and ways to resolve the legal and constitutional frameworks.” (more…)

CBI Daily Auction: May 16, 2012

Posted: May 16, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 16-MAY-2012. The results were as follows:

DETAILS NOTES
Number of banks 17
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 153,330,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 153,330,000
Total offers for selling (US$) —–

Exchange rates