ERBIL, June 25 (AKnews) – The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency.
The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order to revalue it.
The smallest unit of the current Iraqi current is 250 Iraqi Dinars which is equivalent to $0.20
The governor of Central Bank of Iraq Friday rising bank monetary reserves of $ 50 billion to 60 billion dollars, indicating that the process of deleting the zeroes will begin early next year.
He said Central Bank Governor Sinan Shabibi told the Kurdish news agency (Rn) that “Iraq’s cash reserves rose to $ 60 billion after it was last year’s $ 50 billion.”
He explained that “the central bank seeks through cash reserves to shore up confidence in local currency and increases the stability and regulates financial dealings in Iraq.” (more…)
CBI: coefficient of import-friendly environment for the destruction of paper currencies
06/25/2012
BAGHDAD / JD / .. Central Bank of Iraq announced on his contract for the import coefficient of damaging the coin-friendly environment.
The deputy governor of Bank of the appearance of Mohammed Saleh told / JD / “The Iraqi government contracted to purchase equipment for the destruction of eco-friendly currencies according to the latest global technologies.”
Government reveal the reasons for the delay in the withdrawal of Iraq from Chapter VII
24/06/2012 05:14
BAGHDAD / Center Brief for the Iraqi Media Network – The Iraqi government about the difficulty out of Iraq from Chapter VII as a result of the inability of Iraq to end my Archive and missing Kuwaiti.
The Legal Adviser to Prime Minister Maliki, Fadhil Mohammed Jawad’s said that “the archive file and the file of the missing Kuwaiti Kuwaitis main barriers to exit Iraq from Chapter VII.” (more…)
06/25/2012
BAGHDAD / JD / .. showed European countries and the Asian desire to invest in Iraq on the sidelines of the Bank for International Settlements, which was attended by Central Bank Governor Sinan Shabibi.
The Iraqi Central Bank Governor Sinan Shabibi’s / JD / The “Meeting of the BIS has seen several discussions and a file is present in Iraq’s economic international discussions” .. He Shabibi “The States present at the meeting expressed a significant interest in the economic future of Iraq” (more…)
CBI: Annual inflation down the foundation for the month of May to 139.7%
Monday June, 25 2012 GMT
Central Bank of Iraq, Monday, the lower the annual inflation basis for the month of May last to 139.7 percent, indicating that the high inflation often comes because of the high rental prices and vegetables in local markets.
Deputy Governor of the Bank Mazhar Mohammad Saleh in an interview for ” Alsumaria News “,” annual inflation basis decreased in the month of May by 0.2% to 139.7% compared with the annual inflation basis for the month of April, who scored 139.9 percent, “noting that” rose by 6.2 percent compared Bayar past 2011. ” (more…)
Date: Monday, 25-06-2012 02: 23 pm
Karbala (newsletter) … Warned Economist Abdul, taxation of goods by professions and Government, as “Crime” that the State is poor to impose.
There is no reason to impose taxes in Iraq in all its forms and calls for enactment by Parliament, (more…)
June 25/2012 8:57
BAGHDAD / With: expected a member of the Finance Committee and MP for the Liberal bloc Abdul Hussein Resan, Monday, that Iraq occupies a site commercially distinct, calling for open channels of extensive trade with the Gulf States to facilitate this task. (more…)
06/25/2012
A member of the National Alliance Abbas al-Bayati, “The oil and gas law and the electoral law and the law of parties, and other laws contained in the Constitution will have priority in the new legislative term. (more…)
25/06/2012
Confirmed that the Finance Committee in the House of Representatives agreed with the Central Bank to allocate $ 25 billion dinars for the advancement of Islamic banks. (more…)
The latest daily currency auction was held in the Central Bank of Iraq on the 25-JUN-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$) | 203,577,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 203,577,000 |
| Total offers for selling (US$) | —– |
25/06/2012
Held the Finance Committee chaired by MP Haider Abadi, Chairman of the Committee meeting attended by members of the Finance Committee and its advisers have been able to discuss the paragraphs included in the agenda. (more…)
Parliament held its second meeting under the chairmanship of Najafi and the presence of 255 deputies
Monday, 25 حزيران 2012
The Council of Representatives, on Monday, its second legislative term the first year third Legislature, headed by Speaker Osama Najafi and the presence of 255 deputies, with parliamentary source that the meeting will see the first and second readings of the nine bills.
source said in an interview for “Sumerian News “,” House of Representatives held this morning, its second of the first legislative term of the Year-third Legislature headed by Osama Najafi and his two deputies and the presence of 255 deputies, “noting that” the agenda for the meeting includes the first reading of bills third amendment to the law of the Central Agency for Standardization and Quality Control , Ministry of Transport as amended, and the organization of rent of agricultural land and ownership of the right of disposition for graduates of agricultural and veterinary. ” (more…)
| On 2012-06-24
Sources informed political agreement of the National Alliance with the U.S. delegation from the Office of Vice President Joseph Biden, in charge of the Iraq issue, implementation of the plan «B» to form a majority government policy, in the case of the failure of host-Maliki told the House of Representatives, and the insistence of the parties to the meeting of Irbil to continue questioning and the withdrawal of confidence in Prime Minister Nuri al-Maliki. (more…)
Date: Monday, 25-06-2012 03: 47 PM
Baghdad (News) … The State of law coalition member of National Alliance MP//Mansour al-Tamimi, leader of the Sadr visit Sadr to Kuwait to strengthen diplomatic relations between the two countries, adding that Sadr’s visit had nothing to do with confidence from Prime Minister Nuri al-Maliki. (more…)
