Archive for July 7, 2012

Shabibi and Maliki discuss patience during the process of switching the currency

Posted: July 7, 2012 in Iraqi Dinar/Politics
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2012-07-07

Baghdad/JD/…The Central Bank official letter to Cabinet includes pros switch currency …

She is a member of the parliamentary Finance Committee and MP for the Liberal block Magda El-Tamimi/JD/that “Central Bank Governor Sinan Al-Shabibi met with Prime Minister Nuri al-Maliki and spoke about the wait to switch currency and delete the zeros and the money supply.”.

Tamimi said “that the Central Bank in an official letter to the Cabinet of Ministers ensures the pros switch currency and delete the zeros to reduce the money supply and to facilitate business processes and other” … And remedied “but the cabinet so far has not responded to the Bank’s book.”. (more…)

Member of the Economic Committee: deleting zeroes from the currency will address inflation and facilitate trade exchange

Posted: July 7, 2012 in Iraqi Dinar/Politics
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Date: Saturday, 07-07-2012 02: 19 pm

Baghdad (News) … Member of the Economic Commission of the National Alliance Deputy//Amer Hussein Al-Fayez, the decisions of the Committee of finance and the Central Bank in the process of deleting zeros from the currency will address existing economic inflation and facilitates trade. (more…)

Central Bank of Iraq’s new currency … soon to market

Posted: July 7, 2012 in Iraqi Dinar/Politics, Top Headlines
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Iraqi 1 Dinar Note from 1971

MP from Kurdistan Alliance bloc Mahma Khalil, for contracting the Iraqi Central Bank with (4) known international companies for the printing of new currency for the printing of the new national currency after you delete the zeros of which, describing the project to delete the three zeroes from the currency as “successful” and the time is ideal for replacing them.

Khalil (of the Agency news) on Sunday:
The project to delete three zeros from the local currency is one of the important projects and at all levels, whether for economic or security to the country, pointing out that the topic of the program by the central bank and a good time to replace the ideal currency, which will be early next year. (more…)

Vice Governor of CBI: The importance of strengthening the Iraqi currency and maintain the independence of monetary policy

Posted: July 7, 2012 in Iraqi Dinar/Politics, Top Headlines
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Saturday, July 7, 2012 14:51

Search former Vice-President Adel Abdul Mahdi, with the Central Bank Governor Sinan Shabibi economic developments taking place in the country and the measures the central bank to raise the value of Iraqi dinar.

A statement by the office of Abdul Mahdi, the Agency has received all of Iraq [where] a copy of it today that “Abdul-Mahdi was received in his office in Baghdad a number of officials in the state of each individual, where he met central bank governor said during the meeting the importance of strengthening the Iraqi currency and maintain the independence of the monetary policy of the Bank Central.” (more…)

Baghdad, CBI prepare procedures necessary for new European bank to enter Iraq

Posted: July 7, 2012 in Iraqi Dinar/Politics, Top Headlines
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Baghdad Council initiate procedures to open a European bank

07/07/2012

BAGHDAD / JD / .. Presidency of the Council began to address the Baghdad Provincial Investment Commission of Baghdad and the Iraqi Central Bank to determine the procedures for opening a European investment bank in Iraq by the Ukrainian companies ..

(more…)

Economist Opinion: The recovery of Iraqi funds frozen in the banks; Global need for an international resolution

Posted: July 7, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Saturday 07/07/2012 11:33

Baghdad (news) .. Proposed economic expert on behalf of Jamil Antoine, the formation of committees of legal and financial negotiations with the Council of the International Union for the lifting of restrictions on Iraqi funds deposited in international banks and retrieval. (more…)

CBI: the Unit for Combating Money Laundering is responsible for auditing the accounts of banks and not their duty to arrest

Posted: July 7, 2012 in Iraqi Dinar/Politics, Top Headlines
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Central Bank of Iraq confirmed that the Unit for Combating Money Laundering in the bank and its duty to scrutinize the information received on cases of financial fraud in the banks and not from its duty to arrest the offenders immediately. (more…)

Expansion of the banking business requires serious in the adoption of sophisticated banking systems

Posted: July 7, 2012 in Iraqi Dinar/Politics
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07/07/2012 2:37

Because it is the most important joints of promoting the private sector

stressed an economist to keep up with the Iraqi banks of the technical developments witnessed by the world in the employment sector bank, pointing to the importance of the services provided by banks to the citizen and the economy and public life. (more…)

152 bills sent by the government to the parliament have yet to be legislated

Posted: July 7, 2012 in Iraqi Dinar/Politics
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Detection of the Secretary-General of the Council of Ministers on the Keywords, Friday, the existence of some 152 bill in the House of Representatives sent the government has not been enacted so far, stressing that the prime minister withdrew the eight laws only needed to change.

He said in an interview on the Keywords “Alsumaria News”, “there is a delay in the adoption of many of the bills sent by the Government to the House of Representatives,” noting that “approximately of 152 bill sent by the government to the parliament did not initiate until now.” (more…)

Kuwait dispense with the fourth phase of the port of Mubarak Al-Kabeer

Posted: July 7, 2012 in Iraqi Dinar/Politics
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Posted 07/07/2012 08:38 AM

Babinaoz (Reuters) – The Minister of Public Works and Minister of Planning and Development Minister Kuwaiti Fadhel Safar dispense with the fourth phase of the port of Mubarak the Great, which was expected to reach the number of berths to 60 Marina, and only only three phases the first to reach the number of berths to 24 berth only, pursuant to the agreement that has been recently between the Kuwaiti and Iraqi governments. (more…)

Lost in the largest surplus in the budget of the Ministry of Finance argue scarcity of cash floods

Posted: July 7, 2012 in Iraqi Dinar/Politics
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BAGHDAD – News Network Iraq – blamed the Iraqi Ministry of Finance Saturday reasons to stop granting housing loans to employees to the scarcity of cash, noting that the main reasons for the scarcity of liquidity delay deducting departments of accounting in the country’s ministries of loan installments and receive from those with high grades while confirming that the premiums that reached the bank Rivers of those loans did not reach 5%. (more…)

Iraq postpones the introduction of the food basket (ration card)

Posted: July 7, 2012 in Iraqi Dinar/Politics
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SATURDAY, JULY 7, 2012 13:05
Revealed the Economic Committee in the House of Representatives, Saturday, for project work around the system in the distribution of the food basket of the ration card items for financial and technical reasons.

Said committee member Nahida Daini’s ” Twilight News “that” the system standard food basket was decided to postpone the application temporarily for financial reasons and technical, to the inability of the government to implement this project. ” (more…)

Iraq burns $ 5 million a day

Posted: July 7, 2012 in Iraqi Dinar/Politics
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Posted 07/07/2012 08:36 AM

Babinaoz (Reuters) – beyond what is produced from associated gas from oil fields in southern Iraq billion cubic meters of which a third is investing a record amount. The loss of the country by the combustion of the gas of five million dollars a day.

He said the commercial director of Royal Dutch Shell Ali al-Janabi, what results from the three southern oil fields, including Rumaila and West Abu Zubair and the first phase, of about one billion and 100 million standard cubic meters. Aban al-Janabi and that it invests only 400 million standard cubic meters while burning 700 million meters without making use of it. (more…)