Archive for June 3, 2012

Assurances of completion and readiness of the project to delete the zeros

Posted: June 3, 2012 in Iraqi Dinar/Politics
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Date: Monday 04/06/2012 1:08

Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, the readiness of the bank to start the process of removing three zeroes from the currency, noting that the objections [are incorrect] on that just Cecchekat is incorrect.

Saleh said (of the Agency news): The project is integrated and all concerned in the government support him and there is no one against him, and who object to this project is skeptical of the ability of the central bank to implement it. (more…)

Economic Commission: the need to amend the law becoming urgent investment

Posted: June 3, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date: Sunday, 03-06-2012 11: 53 am

Baghdad (newsletter) … Member of Commission on economy and investment Deputy/block/National Alliance, Abdul Abbas sheyaa, that the Investment Act to an urgent need to amend some paragraphs to keep pace with investment laws in the world.

Sheyaa said (News Agency news) on Sunday: that the Investment Act requires many adjustments to keep pace with investment laws in the world, noting the existence of many formal investment laws do not apply to the ground, in particular the topic of single-window and leave land for Arab and foreign investor. (more…)

Ministry of Planning: Unemployment rate in Iraq stood at 16%, poverty 11%

Posted: June 3, 2012 in Iraqi Dinar/Politics, Top Headlines
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03.06.2012

Alsumaria News / Karbala, said the Ministry of Planning and Development Cooperation, Sunday, that the rate of unemployment in Iraq amounted to about 16%, while confirming that the poverty rate reached about 11%, a sign that it intends to contract with foreign companies to inspect the goods at border crossing points. (more…)

NA Deputy: Iraq has obstacles in its way before joining WTO

Posted: June 3, 2012 in Iraqi Dinar/Politics, Top Headlines
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Deputy: Iraq has made several obstacles away from the World Trade Market
On: Sun 06/03/2012 8:40

Baghdad (news) .. Most likely a member of the Economic Commission for Parliament MP / National Alliance / Amer Jassim winner, Iraq’s accession to the WTO during the next two years, confirming the presence of several obstacles have made Iraq away from the world trade market. (more…)

Foreign Relations calls for the development of Iraqi banks through the agreement with the United States

Posted: June 3, 2012 in Iraqi Dinar/Politics, Top Headlines
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06/02/2012

BAGHDAD / JD / .. called for a parliamentary Foreign Relations Committee, the United States to support the financial side and the Iraqi banking technology through the development of banks in Iraq and human development.

A member of the Committee and MP for the Rafidain List mainstay John’s / JD / “The strategic agreement between Iraq and America’s support included the economic, cultural and military, including the banking sector, which needs to introduce new developments of the Iraqi banks.” (more…)

Shaways: the private sector is important and must be developed to support the economy

Posted: June 3, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date: Sunday, 03-06-2012 04: 00

Baghdad (newsletter) … Deputy Prime Minister rose Nuri Shaways importance of formation of Economic Commission for private affairs to authorize private sector affairs in inside and outside Iraq. (more…)

CBI Daily Currency Auction: June 3, 2012

Posted: June 3, 2012 in Iraqi Dinar/Politics

The latest daily currency auction was held in the Central Bank of Iraq on the 3-JUN-2012. The results were as follows:

DETAILS NOTES
Number of banks 21
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 157,570,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 157,570,000
Total offers for selling (US$) —–

Exchange rates

Zebari: National Meeting of the closest to achieving the withdrawal of confidence from the Maliki

Posted: June 3, 2012 in Iraqi Dinar/Politics
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03-06-2012 11:27 AM
The leader of the Kurdistan Alliance, Abdul Bari Zebari said that the general orientation of the leaders who signed the statement of Arbil is the speed to hold the national meeting.

Zebari said ‘that looks at the political process and the steps undertaken by the influential leaders discover some clues to go closest to achieving a national meeting despite the ambiguity that surrounds the meetings where the decision-makers’. (more…)

Mutlaq: the survival of Maliki at the head of government will lead to the partition of the country

Posted: June 3, 2012 in Iraqi Dinar/Politics
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Erbil, June 3 (Rn) – The head of the Iraqi Front for National Dialogue, the leader of the Iraqi List, Saleh al-Mutlaq said the withdrawal of the confidence of the Maliki government has become a popular demand for an end to the era of dictatorship.

He explained in a statement quoted by his office today and received by the Kurdish news agency (Rn) a copy of “The confidence of the Maliki government has become a popular demand for an end to the era of dictatorship impacted negatively on the Iraqi reality and isolated Iraq from its regional and international community.” (more…)

Warnings from the exploitation of customs tariff law for-profit

Posted: June 3, 2012 in Iraqi Dinar/Politics
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Date: Monday 04/06/2012 1:06

Economic analyst warned Ibrahim al-Mashhadani, from the exploitation of some traders to the customs tariff law to raise prices in the market doubly, indicating that the local market is dominated by the “sharks” who exploit opportunities for profit. (more…)

Economists: partial tariff application. Proposal to end the controversy started

Posted: June 3, 2012 in Iraqi Dinar/Politics
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Date: Sunday, 03-06-2012 12: 07 pm

Baghdad (News)/report/Hussein Faleh/… Different views of members of the House of representatives and Government officials mentioning about the application of the customs tariff law in time, as opposed to some and others, insisted by deputies and experts is partially implemented. (more…)

Expert: the dollar is not linked to reduce or shut down unauthorized banking offices

Posted: June 3, 2012 in Iraqi Dinar/Politics
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Date: Sunday, 03-06-2012 01: 07 pm

Baghdad (newsletter) …The competent Minister in Economic Affairs, Ali dargham closed unauthorized banking offices does not affect the exchange rates of the dollar. (more…)

Customs tariff; Economic irony between the government and the Central Bank

Posted: June 3, 2012 in Iraqi Dinar/Politics
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Chaos markets innovative, drawing features Bremer (Bremer) and fostered by the Iraqi government neglecting and disable of economic law on purpose, including the law of customs tariff of the monopoly markets of Iraq and emptying them of their currencies to the foreign, where again the government reiterated the request of the House of Representatives to postpone the application pending completion of procedures, tools and means of application of the law The Ministry of Finance to provide practical and technical reasons justifying the delay, despite the application of this law has been initiated three years ago and was scheduled to work before more than a year. (more…)

Chairman of the parliamentary Economic Committee: Iraq becomes the seat of smuggling mafias hard currency

Posted: June 3, 2012 in Iraqi Dinar/Politics
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On: Sun 06/03/2012 13:30

Baghdad (news) .. Head of the Economic Commission for MP / the Iraqi List / Ahmad al-Alwani, the presence of mafias aims to turn Iraq into an arena for money laundering and the smuggling of hard currency to neighboring countries.

He said al-Alwani (of the Agency news) on Sunday: There are mafias aims to turn Iraq into an arena for money laundering and the smuggling of foreign currency through some of the non-licensed banking offices that deal with some of the characters to facilitate the process of smuggling money to neighboring countries. (more…)

Expert: U.S. dollar exchange rate is linked to reduction or closure of banking offices is approved

Posted: June 3, 2012 in Iraqi Dinar/Politics

On: Sun 06/03/2012 13:07

Baghdad (news) .. He specializes in economic affairs Dargham Muhammad Ali, that the closure of banking offices is approved does not affect the exchange rate of the dollar. (more…)