Archive for August 7, 2012

CBI officially informs House its ready to implement currency reform at beginning of 2013; Politicians not sure if timing is right

Posted: August 7, 2012 in Iraqi Dinar/Politics
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Member of the Committee on economy: Central Bank officially informed the House ready for a project delete zeros … The interception of a representative around it
Date: 2012-08-07 12: 01: 44 Tuesday

Baghdad (News) … According to a member of the Committee on the economy and investment Deputy/Iraqi/coalition albegari, Nora House recognizes a formal letter from the Central Bank that includes details of three zeros from the currency deleted and called for its application early next year, saying there is no objection by the House of representatives on the implementation of the project that the country still is not formatted to replace the national currency. (more…)

Member of Finance Committee: Iraq has paid only 20% of Kuwaiti debt; Will continue until 2017

Posted: August 7, 2012 in Iraqi Dinar/Politics
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Date: 2012-08-07 13: 46: 51 Tuesday

Baghdad (News) …As a member of the Finance Committee of the Iraqi coalition Deputy from//Ahmad tracks, compensation paid by Iraq to Kuwait only 20% and Iraq will continue to be pay for over five consecutive years. (more…)

Iraq Ministry of Labor: Unemployment will be Zero by 2016

Posted: August 7, 2012 in Iraqi Dinar/Politics
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LABOR MINISTRY: UNEMPLOYMENT WILL BE DOWN TO ZERO BY 2016
Iraq, August 6, 2012
Undersecretary of the Iraqi Labor Ministry Dara Yara said Sunday that unemployment in Iraq will be down to zero in the country by 2016 under a new “strategic plan”. (more…)

CBI to vet Iraqi traders in latest attempt to stop billions of dollars from flowing out of country

Posted: August 7, 2012 in Iraqi Dinar/Politics
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CENTRAL BANK TO VET IRAQI PURCHASES IN DOLLARS TO STEM HARD CASH SMUGGLING
Iraq, August 7, 2012
Iraq has placed new restrictions on purchases by Iraqi traders of foreign goods in latest bid to bring the flow of billions of dollars abroad every month under control, Central Bank Governor Mudher Saleh said.

Saleh said the bank no longer favors cash payments or direct transfers of money to cover deals Iraqi traders strike for the import of foreign goods. (more…)

Deputy for the rule of law confirms the breakthrough political crisis after the month of Ramadan

Posted: August 7, 2012 in Iraqi Dinar/Politics
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07/08/2012 12:45
BAGHDAD / Center Brief for the Iraqi Media Network – MP for the rule of law for Kamal Saadi, an orientation to resolve the political crisis after the holy month of Ramadan, stressing that there is a convergence between the broad political blocs.

He said Saedi’s (Center Brief for the Iraqi Media Network) that “We are approaching with all the other blocs and there are large and wide dialogues about political reform.” (more…)

Parliament lifts its session till after Eid al-Fitr Holiday

Posted: August 7, 2012 in Iraqi Dinar/Politics
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Monday, 06 August 2012

Baghdad (AIN) –The parliament decided to lift its sessions till after Eid al-Fitr.

The Speaker, Osama al-Nijaifi, announced “Holding the next session on Tuesday, 28th of August.”

For his part, MP Arshad al-Salihi, of the Iraqiya Slate stated to AIN “The parliament will discuss the General Amnesty law draft after the holiday of Eid.”

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Politicians fail to pass important laws before holiday break

Posted: August 7, 2012 in Iraqi Dinar/Politics
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Criticized the Secretary General of the cluster white beauty of watermelon inability political forces in the adoption of important laws, particularly the law of the Federal Court and select members of the Electoral Commission for elections.

He said in a press statement: “The political differences between the political forces have prevented the success of the Parliament to pass important laws, which are in the interest of the Iraqi people and the political process, particularly with regard to the law of the Federal court and select members of the Independent Electoral Commission. ” (more…)

CBI Daily Currency Auction for Aug 7, 2012

Posted: August 7, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 7-AUG-2012. The results were as follows:

DETAILS NOTES
Number of banks 32
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 280,625,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 280,625,000
Total offers for selling (US$) —–

Exchange rates