Archive for June 26, 2012

Iraqi Legislature supports deletion of zeros on currency; CBI says it has completed roadmap

Posted: June 26, 2012 in Iraqi Dinar/Politics
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The legislature directed the CBI to support the deletion of zeros on the currency
25/06/2012 19:13

Erbil, June 25 (Rn) – The Finance Committee of the House of Representatives of ethnic Monday that the legislature go to support the central bank policy on the removal of zeros from the currency.

central bank says it completed a road map to get rid of three zeros from the currency to reduce the mass Cash and ease of financial transactions in line with the new situation of the Iraqi economy. But the government and the Securities Commission Ibdita Khchithma that affect the process negatively on the financial trading market in Iraq Stock Exchange.

(more…)

Iraq approves to the extension of the UNAMI mandate for the full year

Posted: June 26, 2012 in Iraqi Dinar/Politics
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Editor: NK Tuesday, June 26, 2012 13: 08 GMT
Iraq Approves the extension of the mandate of the United Nations Mission for the full year

Baghdad approved the Iraqi government on Tuesday to extend the mandate of the United Nations Mission in Iraq for a full year. said government spokesman Ali al-Dabbagh said in a statement issued today, and received “Alsumaria News”, a copy of it, “The Council of Ministers approved in its regular No. 27, which was held today, to inform the Secretariat of the United Nations through the State Department to extend the mandate of the United Nations Mission to help in Iraq a full year. ” (more…)

An invitation to open branches of international banks in Iraq

Posted: June 26, 2012 in Iraqi Dinar/Politics
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25/06/2012 0:59

BAGHDAD – Al Sabah
called on the Member of the economy and investment MP Ibrahim Rikabi to the need to permit the opening of branches of international banks solid in the country to boost investment forward.

said Rikabi: The companies major investment needs to global banks prudent to deal with it being used technology of modern banking in its dealings banking to secure their money and to open special funds for lending to economic projects in the country. (more…)

CBI: Will import equipment to check counterfeit money

Posted: June 26, 2012 in Iraqi Dinar/Politics
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26/06/2012

BAGHDAD / JD .. The Central Bank announced its intention to buy electronic devices to check the optical detection of money and fake ones. The deputy governor of the Central Bank of the appearance of Mohammed Saleh told (JD) that the central bank intends to import counterfeit money detectors modern techniques noting that the new machines will be linked on the web for the purpose of updating the latest information about the counterfeit money and methods of detection. (more…)

Raise the zeros in the book

Posted: June 26, 2012 in Iraqi Dinar/Politics
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Babinaoz (Reuters) – newly released book titled ((studies and views in the process of lifting of the zeroes)) The economist and Associate Dean of the Faculty of Business and Economics at the University of Mustansiriya Dr. Falah Hassan Thuwaini, and address book, which came with 216 pages of medium size, dozens of opinions, articles and research dealt with in detail in place to delete the zeros from the currency, offering at the same time all the matter from the issues of positive can be reflected on the economic reality in general, as well as touched on some aspects of the topics addressed in the book to issues that can be negative in the same subject. (more…)

Cabinet approves bill to postpone the application of customs tariff law.

Posted: June 26, 2012 in Iraqi Dinar/Politics

26/06/2012 15:52:00

Baghdad / NINA /– Council of Ministers approved in its session today a bill to postpone the implementation of customs tariff law until the appropriate conditions allow its application. (more…)

CBI: The demand for a ziggurat on the currency re-life project to delete the zeros

Posted: June 26, 2012 in Iraqi Dinar/Politics
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Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, said that Council requested the Minister put the ziggurat as a slogan in the new currency re-life project to delete the zeros.

The appearance of the reporter (JD) that the request came during a cabinet meeting in Nasiriyah ziggurat status symbol as an emblem in paper currencies with large groups, suggesting that the government secure the project and its usefulness as a national project. Saleh added that the freeze on approval of the project was the result of fears of one polarity major participation in the approval, the Council of Representatives and the Council of Ministers and the Supreme Audit along with the Central Bank of the idea, noting that the concerns centered on the inadequacy of the political and territorial so big steps. (more…)

Iraq is seeking to achieve rapid economic reform in the country

Posted: June 26, 2012 in Iraqi Dinar/Politics
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26 June, 2012 09:30:00

Announced the government’s pursuit of rapid economic reform in the country within its plans for the advancement of all sectors during the next term. (more…)

IMF forecasts escalating rates of economic growth for Iraq

Posted: June 26, 2012 in Iraqi Dinar/Politics
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26/06/2012 08:47
International Monetary Fund forecast that the growth rate in the Iraqi economy will reach 11.1 percent this year. According to a poll conducted by the U S any claim that the Iraqi economy shows signs of life remained brisk increase achieved in its oil industry and the decline in violence, as Iraq was able help of international oil companies raise its oil production to 3 million barrels per day. (more…)

Energy Parliamentary Committee will decide on the adoption of a draft oil law for 2007

Posted: June 26, 2012 in Iraqi Dinar/Politics
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26/06/2012 09:17
BAGHDAD / Center Brief for the Iraqi Media Network – revealed to the Commission on oil and energy parliamentary decision to close in the adoption of the draft oil law for 2007, indicating that the Committee decided not to wait too long to legislation the oil law. (more…)

CBI: The process of deletion of zeros will not affect the entry of citizens

Posted: June 26, 2012 in Iraqi Dinar/Politics
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BAGHDAD / Baghdadiya News / .. Iraqi Central Bank confirmed that the new change in the process of deletion of zeros will not affect the entry of citizens or their wealth, but will contribute to the cancel (dollarization) Amounts in banking. (more…)

Expert: banking problems shaking the reputation of the banks and the trust of the customer

Posted: June 26, 2012 in Iraqi Dinar/Politics

On: Tuesday 06/26/2012 12:45

Baghdad (news) .. Said economist Majid picture, that banking problems affect (100%) on the customer and the employee the banking and hence the reputation of the banks (government and private). (more…)

Decision of the Parliament: the parties agreed to pass the Erbil legal oil and gas and general amnesty soon

Posted: June 26, 2012 in Iraqi Dinar/Politics

announced the decision of the House of Representatives Muhammad Al-Khalidi, Tuesday, that the parties to Erbil and Najaf agreed to pass important laws soon in the Parliament, stressing that the main laws that will be voted on are the law of oil and gas and general amnesty.

said Muhammad Al-Khalidi in an interview for “Alsumaria News “,” The blocks, which met in Najaf and Erbil agreed to pass important laws in the next stage after obtaining the sounds adequate, “noting that” the most prominent of these laws, a law of amnesty, oil and gas. (more…)

Finance: We need to start in the application of tariff law

Posted: June 26, 2012 in Iraqi Dinar/Politics
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26/06/2012 03:40
BAGHDAD / Center Brief for the Iraqi Media Network – Detection and the Ministry of Finance that the main reason behind the request to postpone a law customs tariff is due to the lack of specialized staff to monitor the entry of goods, stressing that it takes a full year to end the rehabilitation project and the preparation of the cadres. (more…)

Nassif calls to resolve the outstanding issues between Iraq and Kuwait

Posted: June 26, 2012 in Iraqi Dinar/Politics
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Tuesday, June 26, 2012 12:57

MP has called for the Iraqi bloc of free high Nassif Iraqi officials seize the opportunity of their visit to Kuwait in resolving outstanding issues between the two countries, including the best interest of Iraq. (more…)