Archive for July 24, 2012

CBI: project to delete the zeros “ink on paper”

Posted: July 24, 2012 in Iraqi Dinar/Politics
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24.07.2012 0:00

The Central Bank of the subject of printing the currency of the country of sensitive topics and talk about this to be premature, pointing out that “the draft process to delete the zeros is ink on paper so far.”

said Deputy Governor of the Bank of the appearance of Mohammed “received numerous requests to the bank Central of dozens of companies competent to print the new currency has to be agreed with any company so far as to approve the deletion of zeros has not yet made, “explaining that” the currency currently in circulation has inherently a British company, and not necessarily that the same company to print the new currency, “denying that “to be signed with any company for printing the new currency.” (more…)

Member of Finance Committee: The formation of a subcommittee to follow up stages of currency exchange

Posted: July 24, 2012 in Iraqi Dinar/Politics
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Dated: 7/24/2012 13:34:57 Tuesday

Baghdad (news) .. Announced by the Finance Committee MP / National Alliance / Magda al-Tamimi, the formation of a Finance Committee sub observe the conduct of the stages to replace the new currency.

said Tamimi (of the Agency news) said on Tuesday: The Finance Committee formed a subcommittee headed by Abdul-Hussein al-Yasiri to follow up the stages of the currency exchange The new result of the reluctance of the Central Bank where two years ago. (more…)

CBI denies two British, German Companies will begin printing currency; Member of Finance committee explains three phases

Posted: July 24, 2012 in Iraqi Dinar/Politics
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Haider Ali Jawad – 24/07/2012 PM – 9:47 | Hits: 86

Denied the Iraqi Central Bank, assigning the task of printing the new currency to a British company, considering that leaks, words “naked for Health.”

At a time in which the deputies that work in this project will be at the beginning of next year, indicated that this step will be implemented over two years, and through the 3 stages, pointing out that the currency will contain the 36 factor warranty of fraud, and will be added to the Kurdish language and English, as well as the introduction of paper currency category 200 dinars, as there will be a coin of small denominations, and Stzen new currency symbols reflect the heritage and history of Iraq’s sovereignty and all its components, as well as many other symbols refer to the civilization of Mesopotamia. (more…)

Financial representative to discuss with the Governor of the CBI the latest developments reached by the subject to delete the zeros

Posted: July 24, 2012 in Iraqi Dinar/Politics
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By: Bian2
Date: Monday 07/23/2012 15:12

Baghdad / WAP / A delegation from the Parliamentary Finance Committee, with the Governor of the Central Bank of developments that have reached the central bank in the subject to delete the zeros and replacing the national currency and the policy of the completion of this process. ” (more…)

CBI switch warns of the date the project to delete the zeros

Posted: July 24, 2012 in Iraqi Dinar/Politics
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07/24/2012 0:00

said the Iraqi Central Bank that the project to delete the zeros must be the beginning of the year, not in the middle because that would cause a problem in the accounts of the state.

Deputy Governor of the Central Bank of the appearance of Mohammed Saleh (Center Brief for the Iraqi Media Network) that »the project to delete the three zeroes from Iraqi currency needs to be a new financial start because all accounts the new currency may be registered accounting books are different from the currency exchange which recorded the beginning of the year «. (more…)

Economic Committee Member: Iraq accession to WTO is important; Iraq will join soon

Posted: July 24, 2012 in Top Headlines
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Monday July 23, 2012
Economic Commission announces near Iraq’s accession to the WTO

Member of the Committee declared the economy and investment parliamentary Salman al-Moussawi, that Iraq will join soon to the WTO, criticizing those who demand not to join the organization.

The al-Moussawi said in a statement that Iraq’s accession to the WTO is very important and will get soon. (more…)

Member of the economy: Introduction of the Kurdish language in the new currency does not need legislation to the law, but the approval of CBI

Posted: July 24, 2012 in Iraqi Dinar/Politics, Top Headlines
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Dated: 7/24/2012 8:07:59 Tuesday

Baghdad (news) .. Said a member of the Committee of Economy and Investment MP / National Alliance / Ibrahim Rikabi, the introduction of the Kurdish language in the new currency after deletion of zeros of the three of them do not need legislation to law, but only with the consent of the Central Bank as the competent authority to do so. (more…)

Oil and Energy Commission confirms that the enactment of the oil and gas will be followed by the formation of the Federal Council

Posted: July 24, 2012 in Iraqi Dinar/Politics, Top Headlines
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24/07/2012 11:55

BAGHDAD / Center Brief for the Iraqi Media Network – confirmed to the Commission on oil and energy in the House of Representatives that the formation of the Federal Council for Oil and Gas in the country will be after the completion of the enactment of the oil and gas in the House of Representatives. (more…)

CBI closed 190 banking offices for violating the legal requirements

Posted: July 24, 2012 in Iraqi Dinar/Politics
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23/07/2012 06:02

BAGHDAD / expert center for the Iraqi Media Network – Central Bank of Iraq for close to 190 banking offices in Baghdad and the provinces for violating the legal requirements imposed by the bank.

The deputy governor of the Bank for the appearance of Mohammed (Center Brief for the Iraqi Media Network) that “the Bank closed 190 offices of the banking license, but it has violated the conditions of work and the legal owners of non-response increase their capital.” (more…)

Economist: State-owned banks in need of physical rehabilitation

Posted: July 24, 2012 in Iraqi Dinar/Politics
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Date: Monday 07/23/2012 15:18

Hilla / WAP / economic expert called Makki Rdam, committees in the reconstruction of Babylon to the actual rehabilitation of buildings and services as banks, government lacks many of the services they must provide to the citizen the right atmosphere for his service.

(more…)

CBI Currency Auction for July 24, 2012

Posted: July 24, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 24-JUL-2012. The results were as follows:

DETAILS NOTES
Number of banks 30
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 254,065,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 254,065,000
Total offers for selling (US$) —–

Exchange rates

Member of the Commission of Economy and investment representative stressed the need to make amendments to the Investment Law

Posted: July 24, 2012 in Iraqi Dinar/Politics
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Date: Monday 07/23/2012 13:31

Baghdad / WAP / Member of the Committee stressed the economy and investment parliamentary deputy Aziz Sharif Mayahi Monday, the need to make amendments to the law Alastosmarkhalal the coming days. (more…)

Russia to become latest full member in the WTO

Posted: July 24, 2012 in Iraqi Dinar/Politics
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“Russia” will become a User 156 in the World Trade Organization

24-07-2012 01:29 PM
Russia officially notified the World Trade Organization on Monday, it ratified the Convention on its membership, which means it will become one hundred and fifty-six in the User Organization in August twenty-two.

The Russian economy is the largest economy still outside the organization, and the volume of the Russian $ 1.9 trillion economy is the ninth largest economy in the world. (more…)