Archive for May 17, 2012

Accuse the central banks to “circumvent” the sale of hard currency

Posted: May 17, 2012 in Iraqi Dinar/Politics
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On: Friday 5/18/2012 5:37

Accused of Central Bank Rasheed Bank, except banks to “circumvent” the rate of profit on the sale of hard currency specified by the bank, noting that those banks turned to the final buyer and seller rather than a mediator between the central bank and the buyer of foreign currency.

The deputy governor of the Bank according to the appearance of Mohammed (Rn) that, alas, except banks, Rasheed Bank does not charge the rate of profit given to it by the central bank sells foreign currency for consumers with a rate of ten dinars per dollar. ” (more…)

Offers to buy the dollar at an auction in the Central Bank of the top five times the volume of sales

Posted: May 17, 2012 in Iraqi Dinar/Politics
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17/05/2012

BAGHDAD / JD in progress shareholders are authorized to enter the auction sale of the dollar of the Central Bank of Iraq offers to buy more than $ 265 million, but only that the central bank sold $ 55 million only. (more…)

GOI Spokesman: Iraq is the only country in the world that does not apply a tariff on customs

Posted: May 17, 2012 in Iraqi Dinar/Politics
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17/05/2012

BAGHDAD / JD established the Council of the Iraqi National Business Panel Discussion economic on the customs tariff and certificates of inspection and that, as it represents the subject of great importance to the economic and social as it affects every citizen in our dear country, and used Business Council to shed light on these laws, instructions, as well as to illustrate the pros and cons accompanied by. (more…)

Economic committee to diagnose problems facing investment process in Iraq

Posted: May 17, 2012 in Iraqi Dinar/Politics
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Formation of the economic committee dealing with diagnosis of the problems facing the investment in Iraq

BAGHDAD: revealed Economic Commission parliamentary, Wednesday, the formation of a special economic means diagnosis of problems and constraints faced by the investment process in Iraq, indicating that the committee will hold its first meeting after the end of the parliamentary session, the legislative in order to see to what reached him since it was formed . (more…)

Sadr denies receipt of any reply from the rule of law and the stresses on his near making a decision after the deadline

Posted: May 17, 2012 in Iraqi Dinar/Politics
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Thursday, May 17 / May 2012 11:42

Denied the cleric Moqtada al-Sadr received no response from a coalition of state law for the letter included nine points and sent by the National Alliance after the meeting which was held in the five-Erbil end of April.

Sadr said in a joint news conference with the National Congress leader Ahmad Chalabi in the province of Najaf, was attended by the correspondent of the agency, all of Iraq [where] the day Thursday, “We have not received so this time no response from the state law adversely the positive or on the paper that we presented to them as we do not have So far no specific option on the deadline, which is still on the completion hours after which we will decide a particular option. without clarifying that the decision or choice. (more…)

Withdrawing confidence from government needs voting of more than half MPs, says legal expert

Posted: May 17, 2012 in Iraqi Dinar/Politics
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Thursday, 17 May 2012

Baghdad (AIN) -The legal expert, Tariq Harb, stated “legally, withdrawing confidence from the current government is possible in case of questioning the Prime Minister, Maliki over certain issues and in case the Parliament approved it by voting on it.”

“The withdrawal of confidence requires approval of (164) members of the parliament out of the total number (325) MPs which means more than half of them,” stressing “this cannot be achieved because of the disputes among the political blocs.” (more…)

Special Inspector General for Iraq Reconstruction: April 2012 Quarterly Report

Posted: May 17, 2012 in Iraqi Dinar/Politics

Reblogged from The Currency Newshound:

Click to visit the original post

Originally Posted 5/5/2012

SIGIR Mission Statement
Regarding U.S. relief and reconstruction plans, programs, and operations in Iraq,
the Special Inspector General for Iraq Reconstruction provides independent and objective:
· oversight and review through comprehensive audits, inspections, and investigations
· advice and recommendations on policies to promote economy, effi ciency, and effectiveness
· prevention, detection, and deterrence of fraud, waste, and abuse…

Read more… 174 more words

Originally posted 5/5/2012 but due to a request it has been reposted.

Application of deletion of zeros next year needs legislative confirmation, says economic committee member

Posted: May 17, 2012 in Iraqi Dinar/Politics

Baghdad (news) .. Ruled out a member of the Committee of Economy and Investment MP / coalition in Iraq / Qusay Juma, the implementation of the project to delete the three zeroes from the currency at the beginning of next year, stressing that he needs to be approved by the Iraqi authorities through legislation law. (more…)

World Bank: There is a plan to restructure the banking Rafidain and Rasheed

Posted: May 17, 2012 in Iraqi Dinar/Politics

Helen Maria confirmed the Special Representative of the World Bank, “The strategic relationship with Iraq will be extended from 2012 until the year 2016.” Indicating that “this strategy is not only in Iraq but in several countries.”

Said Helen during her visit to Muthanna province today, “There are agreements and negotiations with the central government to identify the joints and the details of this strategy.” Noting that “the World Bank will consider the special nature of this country in order to identify important points about this strategy.” Afterthought, “but in general.” (more…)

CBI Daily Currency Auction: May 17, 2012

Posted: May 17, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 17-MAY-2012. The results were as follows:

DETAILS NOTES
Number of banks 18
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 265,055,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 265,055,000
Total offers for selling (US$) —–

Exchange rates