Archive for August 10, 2012

CBI: There is no economic philosophy in Iraq; Urges government to choose to between market or central economy

Posted: August 10, 2012 in Iraqi Dinar/Politics
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CBI calls for a return to the central government if you do not accommodate a market economy

Called on the Iraqi Central Bank, on Thursday, the Iraqi government to return to the central system in the absence of absorption potential in the market economy, pointing out that he was able to finance the trade of the Iraqi private sector over the past years.

The deputy governor of the Central Bank of the appearance of Mohammed in a press statement, “that” there is no political or economic Iraqis can know the philosophy of the Iraqi economy in terms of the system that is adopted, decentralized or free, “and urged the government to “return to the central system in the absence of absorption philosophy of a free economy. ” (more…)

Finance Committee: GOI supports deleting zeros, still fears lack of knowledge. Requires CBI to present pro’s and con’s

Posted: August 10, 2012 in Iraqi Dinar/Politics
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Paradise Financial outweigh the direct deletion of zeros through July of next year

On: Friday 8/10/2012 6:08

Suggested that the parliamentary Finance Committee is the direct deletion of zeros and currency exchange during the month of July of next year, as shown, the central bank removed the fears of all, it confirmed that the government will support this project after providing Baijayate (pros) and cons. (more…)

Parliament warns of trying to prejudice the independence of the Central Bank

Posted: August 10, 2012 in Iraqi Dinar/Politics
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On: Friday 8/10/2012 7:04

Temporary Parliamentary Committee called to follow up the decisions and recommendations of the independent bodies who accuse the Central Bank of the smuggling of Iraqi funds to support terrorist operations and to submit their documents in this regard does not permit in the media, warning about it at the same time of trying to prejudice the independence of the Central Bank (more…)

Finance Committee Member: CBI tries uniqueness by its decisions without reference to the government and the House of Representatives and the law needs to be modified

Posted: August 10, 2012 in Iraqi Dinar/Politics
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Dated: 8/10/2012 9:03:45 Friday

Baghdad (news) .. Accused member of the Finance Committee MP / National Alliance / Haitham al-Jubouri, the central bank by trying for the uniqueness of the decisions important for monetary policy of the country without consulting the government and the House of Representatives, calling to amend its law in terms consistent with the nature of the national economy. (more…)

Transcript of a Conference Call regarding Iraq and IMF

Posted: August 10, 2012 in Iraqi Dinar/Politics
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Transcript of a Conference Call on Jordan’s Stand-By Arrangement, Morocco’s Precautionary and Liquidity Line and the IMF’s Engagement in the Middle East and North Africa

Portions related to Iraq are underlined

Washington, D.C.
Friday, August 3, 2012

MR. ANSPACH: Hello, everybody, and thank you for joining this conference call on Jordan, Morocco, and the IMF engagement in the Middle East. With us today is Mr. Masood Ahmed, who’s the director of the IMF’s Middle East and Central Asia Department, as well as Ms. Kristina Kostial, who is the mission chief for Jordan; and Mr. Dominique Guillaume, who’s the mission chief for Morocco. (more…)

Formation of an investigative committee again the issue of CBI transactions

Posted: August 10, 2012 in Iraqi Dinar/Politics
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10/08/2012 01:10

BAGHDAD / Center Brief for the Iraqi Media Network – A member of the Finance Committee Haitham Jubouri the formation of an investigative committee on the central bank transactions after the holiday in addition to the control of the Council announced its intention to set up the first day yesterday. (more…)

Experts: economic stability, incentive-based Investment

Posted: August 10, 2012 in Iraqi Dinar/Politics
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08/09/2012 0:00

They need to start reforming the financial sector

said a number of economists that the state of confusion experienced by the Iraqi economy for several decades because of the policies that were followed and that begins with the reform of the financial sector, which requires the adoption of policies Court for the entry into force of the state of deterioration, which affected all sectors and stressed the need to achieve economic stability, which leads to the promotion of investment. (more…)