Archive for December 16, 2012

CBI Board permits the CBI governor power to raise the value of the dinar

Posted: December 16, 2012 in Iraqi Dinar/Politics

Sunday, December 16, 2012
Council authorized the management of the Central Bank of Iraq the new governor Abdul Basit Turki powers raise the value of the Iraqi dinar against other foreign currencies early next year, after former governor considered judicially supplements Shabibi these powers and mechanisms in violation of the law and harmful to the economy of Iraq.

The «Central» middle of the year announced his intention to raise the value of the dinar against the dollar from 1120 dinars to the dollar to thousand dinars, in preparation for a project to replace the currency currently in circulation with new ones after deleting three zeros. The judiciary was issued on October 19 (October) last arrest warrant against al-Shabibi and a number of senior officials of the bank in corruption cases. (more…)

United Nations recognizes Iraq’s commitment to international resolutions; Next few months is a period of confidence building and time to settle issues

Posted: December 16, 2012 in Iraqi Dinar/Politics
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12/16/2012 12:00 am

Moon: for Iraq and Kuwait opportunity to announce a new collaboration

Confirmed the Secretary General of the United Nations Ban Ki-moon’s commitment to Iraq its international obligations, but he is no longer directing the country quickly from Chapter VII. (more…)

Shabibi: CBI’s target is to reduce inflation and not import financing

Posted: December 16, 2012 in Iraqi Dinar/Politics
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 Baghdad / agencies confirmed Central Bank Governor Sinan al-Shabibi issued an arrest warrant, on Saturday, that the central bank’s target key is to reduce inflation and encourage savings and not financing import operations.

Shabibi said “Alsumaria News” that “the main objective of the Central Bank is monetary policy to fight inflation and not commercial financing import “, noting that” the recent decision of the Central Bank to allow Iraqi banks approved to open letters of credit and financing by the bank is a business decision. ” and added Shabibi that “the goal of the bank is working to pull the dinar from the market and entered in issues auction to reduce inflation , “and urged” the Bank’s management new focus on monetary policy, not profitability. ” (more…)

World Bank Consultant: Money laundering problem not born from the CBI alone, but other agencies as well

Posted: December 16, 2012 in Iraqi Dinar/Politics
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International Expert: Anti-Money Laundering Central Aathmlha and alone

12/16/2012 12:00 am

BAGHDAD – Hkuran Fatlawi expert stressed at the World Bank that the anti-money laundering solidarity not borne the central bank alone, but borne by all relevant departments in the ministries of interior, finance and trade, Cdoaúr customs and taxes, import and export, pointing to the brunt located a result the central bank, which only work with banks because money laundering is one of competence. (more…)

10% growth rate between 2012 and 2013 budget

Posted: December 16, 2012 in Iraqi Dinar/Politics
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Growth rate of 10% between the budgets of the next year and the current

16/12/2012

Revealed Economic Commission parliamentary growth rate between the budget next year and the current estimated up to 10%.

said committee member Iraqi List MP Qusay Abadi’s / JD /: The growth rate estimated between budgets in 2012, and 2013 is estimated at ( 10%). (more…)

9 trillion dinars to settle the country’s foreign debt in the budget of 2013

Posted: December 16, 2012 in Iraqi Dinar/Politics
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16-12-2012 10:00 AM

Revealed estimates contained in the budget in 2013 to nearly 9 trillion dinars will go to the settlement of external debt.

A report carried by the budget agency ‘JD’ that the total amount of debt settlement and compensation Iraq up to foreign DT 8.829,436.500. (more…)

Industrial: domestic industry cumbersome and must activate the tariff to activate

Posted: December 16, 2012 in Iraqi Dinar/Politics
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Date: 16/12/2012 13:40:56 Sunday

Baghdad (news) .. Prime industrial assembly عبدالحسن Shammari, to enact laws supportive of the private industrial sector as a tariff law for the advancement of the domestic industry.

Al-Shammari said (of the Agency news) on Sunday: The tariff will help to display a local competitor’s product foreigner, because imported goods come cheaply and bad qualities. (more…)

CBI Daily Currency Auction for Dec 16, 2012

Posted: December 16, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 16-Dec-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$) 207,667,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 207,667,000
Total offers for selling (US$) —–

Exchange rates (more…)

U.S. plan for regime change, “Saudi” carried out by Prince Bandar bin Sultan

Posted: December 16, 2012 in Iraqi Dinar/Politics
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Sunday 16 December 2012

that there is a plan backed by the United States to find a new structure for the regime in Saudi Arabia carried out by Bandar bin Sultan, the owner of the intimate relationship with the Israeli entity and a close associate of U.S. intelligence.

(more…)

U.S. official confirms to President Talabani U.S. support for Iraq’s stability and preserving the democratic experiment

Posted: December 16, 2012 in Iraqi Dinar/Politics
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Date: 16/12/2012 17:38:41 Sunday

Baghdad (news) .. Search by President Jalal Talabani, on Sunday afternoon in Baghdad, with the consultant and member of the U.S. Council on Foreign Relations Brett Maikark, the latest political developments in the country.

He said a presidential statement received Agency (news) copy of it: that the two sides discussed the latest developments at the level of the political situation, especially the path of the current crisis between the federal government and the Kurdistan Regional Government. (more…)

New Corruption Scandal In The Central Bank Of Hero-Maliki And His Government

Posted: December 16, 2012 in Iraqi Dinar/Politics

Iraq News Network – An Iraqi political source in the Jordanian capital, Amman, for a meeting today between the Minister of Finance Rafie al-Issawi and Iraqi Central Bank Governor Abdel Basset Turki Hadithi in Jordan Antrcotntl Hotel in Amman with a team representing Fund International Monetary confidential and away from the media and the source said, that al-Issawi, a Turk met with the UN mission The IMF They are loaded with a set of documents where attendees discussed, to reveal the disappearance of (5) billion did not know the mechanism $ disbursement or the acquisition method. (more…)

Editorial: Maliki is ready to discredit everything

Posted: December 16, 2012 in Iraqi Dinar/Politics
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PUKmedia – 15/12/2012 -
The head editor of the long Fakhri Karim, that the statement in his article in an editorial term on Wednesday, which included revealed “the real situation” to Prime Minister Nuri al-Maliki on Kirkuk and Mosul, “Sticky and documented,” noting he did not disclose all the facts so far. (more…)

Finance Member: Lifting of the zeros in 2013 depends on policy of new CBI Governor

Posted: December 16, 2012 in Iraqi Dinar/Politics
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Sunday 16 December 2012
Parliamentary Finance: ground is prepared for the process of lifting the zeros from the currency in 2013

Ruled out a member of the parliamentary Finance Committee, Majida al-Tamimi, the lifting of the zeroes from the currency in 2013, noting that “the earth is ripe for replacement.” (more…)