Archive for December 21, 2013

Friday, 20 December / 1 December 2013

Urged the Economic Committee in the House of Representatives stakeholders from the central bank and security departments, placed on attention to counterfeiting because of their negative effects on the country’s economy, as an economist downplayed the significance of it being very limited.

A member of the Economic Commission MP Amer Al-Fayez, warned of the seriousness of the impact of counterfeiting on the economy of the country, noting that the security situation is stable and the border is controlled entirely contributed to finding this matter. (more…)

CBI seeks to delete three zeros from the Iraqi currency since 2003. A project that raises many concerns on the street level and the business community of Iraq, and it seems economists are divided between supporters of the project see it as an opportunity to reduce the rates of inflation and unemployment, among forewarned of economic shocks may dominate the Iraqi market due to the application of this project.

The delayed implementation of the project after it has been amended, the central bank, more than once due to concerns based predominantly to the security situation and uncontrolled open market to foreign goods without restrictions and counterfeit currency circulating in the market in addition to the rampant corruption in the country. (more…)

Saturday 21 December 2013

attributed the parliamentary Finance Committee on Saturday, the reason for the postponement of the deletion of zeros to the difficulty of controlling the currency and take individual decisions, and as pointed out the existence of nearly 35 trillion dinars in circulation in the market, emphasized the importance of the project to delete the zeros for the Iraqi institutions and citizens. (more…)

18 Dec 2013

Overall Rank of 151

For the last few years World Bank is publishing its Doing Business report on laws rules, and taxes that regulate business around the globe. So far, Iraq has done poor performances as per those reports. Previously the country was regulated by the autocratic dictator Saddam Hussein. The socialist state-run economy of Iraq was not up to the mark to attract the investors within the country. (more…)

20 Dec 2013
Iraqi parliament has authorized the establishment of an institute for financial and banking training to develop the skills of government banking sector employees and bring them up to date with the latest electronic systems and technologies.

On December 10th, the decision was announced, complementing the other training steps that would be taken by the ministry of Finance, stated by the parliamentary financial committee member Abdul Hussein al-Yasseri. (more…)

21-12-2013 10:30 AM
Baghdad (newsletter). Member of Committee on oil and energy Deputy//ULI Al-Shara, the oil and gas Act will enhance transparency in oil dealings between the Government and the territory, will the good clear oil policy without any doubts.

Shara said (News Agency): the oil law is due to differences in economic and political and legislative status and territory governments where both explain the article 112 of the Constitution as his advantage. (more…)