Archive for June 27, 2012

CBI completes steps necessary to remove zeros; Awaits signal from executive, legislative branch to implement

Posted: June 27, 2012 in Iraqi Dinar/Politics, Top Headlines
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source reveals there will be a criteria for acceptance or rejection of banknotes 

06/25/2012 10:58

A source at the Central Bank “of the Iraqi gate” Today, ethnic, criteria for acceptance or rejection of banknotes in transactions to facilitate the circulation of cash within the banking system and the rest of Iraqi institutions and the public.

The source revealed the uncles of the bank to the general Iraqi banks counting paper cash fit for circulation if it had not reached harm or damage affects the shape, color, size and if there has been a rupture of one or more, including not more than 3 cm were repaired tape transparent so that it does not affect the features real. And if hit by a break in one of the angles up to 2 cm. (more…)

Finance Committee: Beginning of 2013; Point to start currency exchange

Posted: June 27, 2012 in Iraqi Dinar/Politics, Top Headlines
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| on 6.27.2012 |

A member of the Finance Committee Haitham Jubouri today, Wednesday, that the beginning of 2013, is the point of initiation for the replacement of the currency and that will continue for two years and the withdrawal of the old will be for a period of ten years .

Jubouri said, told the integrity of electronic: The beginning of 2013, is the point of initiation for the replacement of the currency, which will continue for two years and the withdrawal of the old currency will continue to be ten years, so do not take advantage of weak people who possible tradeoffs priced at or below there is a hustle  (more…)

Iraq needs to approve legislation to transition to market economy to gain WTO membership

Posted: June 27, 2012 in Iraqi Dinar/Politics, Top Headlines
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27/06/2012 : Date

Iraqi efforts to join the World Trade Organization

Due to resume Iraqi government negotiations for accession to the WTO in the coming months, in order to move the wheel of the economy and support the private sector in the country. , (more…)

ISX completes drafting of bill; There is a need to develop securities market, strengthen stock, and enter world market

Posted: June 27, 2012 in Iraqi Dinar/Politics
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Law of the Securities is expected the government vote

26/06/2012 0:00

BAGHDAD – Al Sabah
Securities Commission announced that it has completed the drafting of the bill is awaiting presentation to the Council of Ministers. Criticized the parliamentary finance committee, the delay in passing a law to organize the work of the Iraqi market for securities. (more…)

Finance Committee directs CBI to reduce the dollar exchange rates as Ramadan approaches

Posted: June 27, 2012 in Iraqi Dinar/Politics
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27/06/2012

Finance Committee directed the Central Bank of the need to reduce the dollar exchange rate to reduce the high prices in the domestic market .. (more…)

There is an overall consensus to pass oil and gas law soon

Posted: June 27, 2012 in Iraqi Dinar/Politics
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Parliamentary committee: the whole of the blocks is determined to the enactment of the oil and gas during the current legislative
On: Tuesday 06/26/2012 19:58

In a time of spiraling accusations between political blocs on the illegality of the signing of oil contracts, especially what is happening in the Kurdistan region and between the center in addition to the accusations of oil smuggling. (more…)

Expert: Establish a National Distributor between Iraqi banks will accelerate its work

Posted: June 27, 2012 in Iraqi Dinar/Politics
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On: Tuesday 06/26/2012 19:34

According to an expert in banking as beautiful that the establishment of a system divided the national inter-Iraqi banks will reduce the red tape and helps to complete banking transactions as soon as possible.

(more…)

Iraq says he owns 11% of global oil reserves

Posted: June 27, 2012 in Iraqi Dinar/Politics
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Erbil, June 27 (Rn) – Deputy Prime Minister for Energy, Hussain al-Shahristani said in a statement that Iraq has 11% of global oil reserves and that he is about to invest this energy in the coming years.

Iraq seeks to boost oil production to lesbian in three years with his recovery from decades of war and sanctions and is expected to implement the largest expansion in production capacity of oil in the world in 2012 with the opening of new outlets. (more…)

Maliki calls for early elections to contain the political crisis

Posted: June 27, 2012 in Iraqi Dinar/Politics
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Erbil, June 27 (Rn) – Prime Minister Nuri al-Maliki on Wednesday, to conduct early elections in the country at a time when critics to question him in the House of Representatives in preparation to launch no-confidence vote for him.

It seems that Maliki’s call to indicate he felt threatened by the success of the efforts of his political opponents to withdraw his confidence in the parliament after he did not succeed through a request made to the Presidency of the Republic. (more…)

Iraq participates in the Rio +20 World

Posted: June 27, 2012 in Iraqi Dinar/Politics
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On: Wednesday 27/06/2012 14:39

Baghdad (news) .. The support of the UNDP delegation of the Iraqi private sector and government in the Rio +20 Conference on Sustainable Development held in Brazil. (more…)

Member of Finance Committee: The new currency will be immune to fraud and will bring sophisticated equipment to detect fraud

Posted: June 27, 2012 in Iraqi Dinar/Politics
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Baghdad (news) .. Announced by the Finance Committee MP / National Alliance / Najiba Najib, in agreement with the Central Bank to purchase sophisticated electronic devices to detect light cases of fraud and forgery after the process of removing and replacing the zeros of the Iraqi currency.

Najib said (of the Agency news) said on Wednesday: The Central Bank and the Finance Committee have reached agreement for the purchase of optical electronic devices to check and detect counterfeit money after which the process of deleting the zeros and the currency exchange. (more…)