29.05.2012
Baghdad (news) MP for the Iraqi bloc white Kazem al-Shammari, the possession of the prime minister and a document signed by the President of Kurdistan region Masoud Barzani and President Jalal Talabani, determine the administrative borders of the region, noting that al-Maliki will carry out the demands of the Iraqi List, and that the next crisis will be among the Kurds and the Arabs of the difficulty of the implementation of Article (140). (more…)
Tuesday, May 29 / May 2012 19:30
Stressed the Minister of Finance Rafie al-Issawi and U.S. Ambassador to Iraq, James Jeffrey, the need to develop the banking sector and financial support in Iraq and the U.S. Treasury Department and World Bank. (more…)
29-05-2012
Central Bank of Iraq, Tuesday, that the deletion of zeros from the currency of the country will be transferred from the country of billions to trillions, while stressing that the project still needs the approval of Parliament and the Iraqi government.
The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh in an interview for “Alsumaria News”, “project to delete three zeros from the Iraqi currency will move Iraq from the country of trillions to the country of billions, so Iraq will move from number 10 to the 12 to 10 to the 9″ .
Saleh added that “the project is different from the issuance of a new currency which entail not only the deletion of three zeros from the Iraqi currency, but delete the three places a calculation of the Republic of Iraq, which starts from the budget of the family and ending with the general budget of the State”, stressing that “the project infrastructure of incomplete Bosasha and concepts of the bank. “
Saleh pointed out that “the project is a logical scientific economic importance lies not only reduce the amount of currency, but also reduce the computational reproduction, which would reduce the operational risks because of the large numbers and the large number of errors resulting from it.”
He noted the benefit that “the project in spite of its importance, it needs to be approved by parliament and the government and the Central Bank of Iraq to its success through the formation of a joint committee and have the power to the resolution fixing the date and time of deletion of zeros,” noting that “everyone agrees to the deletion of zeros, but they are skeptics of time and the date of deletion in addition to the bank’s ability to this project. “
A member of the Finance Committee in the House of Representatives Haitham Jubouri in May 15, 2012 to January of next year 2013 will see the deletion of three zeros and the replacement of the currency, as will next September 2012, the direct printing of new currency in different categories.
The central bank accused in the (12 September 2011), government bodies obstructing the monetary reform and vowed persecuting, blaming the authorities responsible for exposing the financial interests of the country to danger.
The Iraqi Central Bank Governor Sinan Shabibi independent bodies during a meeting with Prime Minister Nuri al-Maliki, which was held, in (June 19, 2011), his willingness to create all supplies to replace the Iraqi currency. It is noteworthy that some economists believe that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
All zero phase in the currency in the destruction of the economy
Date: May 29, 2012
Central Bank of Iraq said that every zero in the Iraqi currency is a stage in the destruction of the Iraqi economy, and that the removal of zeros from the currency and a national duty. (more…)
05/29/2012
Central Bank announced new steps that will raise the value of Iraqi dinar against the dollar.
The deputy governor of the Central Bank of the appearance of Mohammed in a statement to the reporter (JD) that the central bank began to implement a new strategic equation will come out even where the dinar and the dollar if it is available the appropriate atmosphere. (more…)
Thursday – May 24 (May) 2012
Commended the deputy governor of the Central Bank of the appearance of Mohammed that the draft deleted three zeros from the Iraqi currency does not need new legislation but issued a regulation to serve as instructions as stipulated by the Central Bank Law. (more…)
29/05/2012 10:07
Baghdad, May 29 (Rn) – Committee announced that the economy and investment in the Iraqi Council of Representatives on Tuesday rejected the government’s request to wait in the application of tariff law which was passed in 2008. (more…)
29.05.2012
Baghdad (news) has criticized a member of the Finance Committee National Alliance MP Abdul-Hussein al-Yasiri, the monetary policy pursued by the central bank, adding that he puts the instructions and financial rules and the violation of their application. (more…)
On: Sun 27/05/2012 17:28
Terms of the write-off (80%) of Iraq’s foreign debt cancellation control system for foreign exchange
D. Accustomed Naji al-Hamdani
Since the change of the former regime on the fourth of April 2004, the monetary and fiscal policy in Iraq has become a spin in the orbit of international capital frameworks identified by the International Monetary Fund. (more…)
Date: Monday 05/28/2012 19:55
Iraq as much as the balance of the reserve of gold and hard currency in 1971 between 34 and 37 billion
The first
D. Accustomed Naji al-Hamdani
Iraqi economy faces significant challenges in the forefront the problem of external debt and the devaluation of national currency against foreign currencies and nasty deterioration in agricultural production and industrial services and the lack of clean drinking daily Kme, electricity, transport, and health services, education, housing and other basic services. (more…)
05/29/2012
BAGHDAD / JD / .. received the Iraqi Finance Minister Rafie al-Issawi ended its U.S. ambassador to Iraq, James Jeffrey, to discuss economic issues in addition to the current political situation. (more…)
Date: Tuesday, 29-05-2012 12: 37 pm
Baghdad (newsletter) … Director of securities market, Taha Ahmed Abdul Salam, on completion of the first step of course between securities market (Bank of New York, Milan).
Abdul Salam (News Agency news) Monday: Iraq market for securities completed the first WSOP training in cooperation with (Bank of New York, Milan), to train a cadre of Iraqi operations and benefits of dual and companies in listing Bourse and the benefits of joining the global market and in particular stock (London Suk jung) through the issuance of certificates of international appeal. (more…)
Revealed the leadership of the Kurdistan Alliance, Mahmoud Othman, differences and divisions within the Iraqi and Kurdish blocs on the claim to withdraw confidence from the Prime Minister Nuri al-Maliki.
Osman said that “the withdrawal of confidence from the government in accordance with the Constitution at the present time is not possible and it takes a long time and can generate a lot of problems and damage to state institutions and the Iraqi economy and services.” (more…)
2012-05-29 10:42:25
BAGHDAD (Iba) … Sales of the Iraqi Central Bank Bmzadeh for the sale and purchase of foreign currencies, yesterday, to record the amount of $ 169 million, compared to 115 million the previous meeting, at an exchange rate based on 1166 dollars for every dollar. (more…)
The latest daily currency auction was held in the Central Bank of Iraq on the 29-MAY-2012. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 14 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 169,721,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 169,721,000 |
| Total offers for selling (US$) | —– |
Date: Tuesday, 29-05-2012 10: 53 am
Baghdad (newsletter) …Minister of planning Ali Yousif Al-shagra with German Ambassador in Baghdad, Karl Berger, German by institutions specialized in the rehabilitation Ministry cadres through the implementation of training courses in Germany.
During the meeting, he said that the depth of the historic relations between the two countries, invites us to search for new horizons for the development of these relations, noting of effective ways to develop these relations are experiences of human capacity development in Iraq in accordance with international standards and specifications. (more…)
2012-05-29 11:44:33
BAGHDAD (Iba) .. Did not rule out political and economic supporter of Jordan Hamoud for economic revolutions in different countries will punish their counterparts in the Arab social and political, in light of the financial crises experienced by the European continent and the dominance of a few of the points of the wealth. (more…)
28.05.2012Baghdad – Abdel Ali Salman
Initiated by the Associated Press report about the conditions of crumbling schools in Iraq by saying that the goats feed on the garbage scattered around inside the front yard of the primary school in Baquba, and inside there rotting roofs and clogged toilets, while the students sit crammed in rows. (more…)
2012-05-29 07:39:11
BAGHDAD (Iba) .. MP has called for the Iraqi bloc of free high Nassif executive authority to declare surplus of the financial budget of the first six months. (more…)
