Archive for July 2, 2012

Finance Committee discussed the mechanism of deletion of zeros from the national currency with CBI vice governor

Posted: July 2, 2012 in Iraqi Dinar/Politics
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Hosted by the Finance Committee headed by MP Ahmed Faizullah Vice Chairman of the Committee on Tuesday, 26/6/2012 Mr. appearance of Mohammed Salih, Deputy Governor of the Central Bank, the presence of the members of the committee and its advisers.

During the meeting, discussion of the mechanism that will be followed by the bank in the process of deleting the zeros and how long this process and changes that will occur on the exchange of currency and its value in the domestic and global market and its impact on Iraqi citizens and its level of living. (more…)

CBI: The entire process of switching the currency and deleting zeros will take nearly two years; We hope 2013 budget reflects new currency

Posted: July 2, 2012 in Iraqi Dinar/Politics, Top Headlines
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Sunday, July 1, 2012 17:18

Baghdad {: News} Euphrates said Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, said that “the process of switching the currency and delete Zeros will take approximately two and ongoing preparations for the process that began more than a year, hoping to be a balance in 2013 the new currency. (more…)

16 economic laws on Parliaments table; Most notable is Law on Investment, Law Infrastructure, and German-Iraq Agreement

Posted: July 2, 2012 in Iraqi Dinar/Politics, Top Headlines
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02/07/2012 0:00

began the economy, investment and reconstruction in the House of Representatives by moving the 16 draft law and presented it to read the first or second ahead of the vote in a move aimed at supporting the economic file in the country. (more…)

CBI: Still a need for further instructions with banks in regards to the dropping of the zeros project

Posted: July 2, 2012 in Iraqi Dinar/Politics, Top Headlines
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Deleting zeros needs further deliberations, says Iraqi Central Bank
01/07/2012 17:59

ERBIL, July 1 (AKnews) – The Iraqi Central Bank (ICB) stated today that the deletion of zeros from the currency still needs further deliberations with relevant institutions. (more…)

Citizens resent Iraq House of Representatives frequent holidays

Posted: July 2, 2012 in Iraqi Dinar/Politics
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Holidays House frequent resentment of citizens

On: Sun 07/01/2012 2:46

over the citizens of dissatisfaction with the repetition of holidays earned by members of the House of Representatives and cause disabling its oversight role and legislative, in the time needed to enact many laws broken directly related to the interests of the people and their needs, and to address the great imbalance in the work of the executive branch especially at the level of public services. (more…)

CBI: Laws on currency smuggling and laundering is sufficient

Posted: July 2, 2012 in Iraqi Dinar/Politics
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Central bank is called a package of instructions to reduce the phenomenon of smuggling and money laundering

The Central Bank of Iraq that the new regulations that have been released would be enough to control and finish from the phenomenon of smuggling currency out of the country, pointing out that the offices of banking and financial companies, government and private banks will all be under the direct control and in turn, will be imposed is the other control on the client to control the foreign remittances of counterfeits. (more…)

Shaways: GOI has succeeded in controlling inflation and controlling government spending

Posted: July 2, 2012 in Iraqi Dinar/Politics
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01/07/2012
Baghdad – where Deputy Prime Minister Dr. Roژz Nouri said the Iraqi government has succeeded in developing a policy efficient to control inflation and controlling government spending and restructuring State-owned banks to keep pace with developments in banking business in the world , said a statement by the Prime Minister’s Office said Shaways made this in a speech he delivered at the Forum Krantz Montana which was held in Baku, capital of the Republic of Azerbaijan , (more…)

CBI Daily Currency Auction for July 2, 2012

Posted: July 2, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 2-JULY-2012. The results were as follows:

DETAILS NOTES
Number of banks 25
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 137,962,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 137,962,000
Total offers for selling (US$) —–

Exchange rates

Shaways: Iraq’s GDP will reach $150 billion in 2014

Posted: July 2, 2012 in Iraqi Dinar/Politics
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detect the Deputy Prime Minister, Sunday, that the GDP of the country will reach $ 150 billion in 2014, as referred to the “success” of the Iraqi government in a policy of “efficient” to set the inflation and government spending and restructuring State-owned banks.

He said Roژ Nuri Shaways in a speech at the forum Krantz Montana, which was held in Baku, capital of the Republic of Azerbaijan, and got ” Twilight News “on the copy of it, that” Iraq has made on the economic level a number of positive developments over the past years in a number of indicators. ” (more…)

Member of the Finance Committee: Some private banks operate without controls and lost the confidence of their clients

Posted: July 2, 2012 in Iraqi Dinar/Politics
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Date: Monday, 02-07-2012 10: 35 am

Baghdad (News) … Invited Member of the Finance Committee, the National Alliance Deputy//Secretary Hadi, to restructure the banking sector to activate it and increase public confidence.

He said Hadi (News Agency news) Monday: the new private banks operating mechanism of Central Bank imposed on it, but red tape still prevails in its work and some of them are facing great difficulties in work because it works without legal controls, noting the existence of banks declared bankruptcy, and affected the economic activity and the loss of public trust. (more…)