Archive for the ‘Top Headlines’ Category

Screen Shot 2012-07-20 at 6.51.59 AMMonday, 04 February 2013 12:18

Baghdad (AIN) -The Secretariat General of the Council of Ministers ruled out replacing the Iraqi currency or crossing out the zeros from it in this phase.

A statement by the SG quoted its Secretary General, Ali al-Allaq, as saying “The project of replacing the Iraqi currency and omitting the three zeros from it was discussed in past period at the CoM where the Council stressed that this topic is not within the priorities of the Council since there is no problem in this respect.” (more…)

Screen Shot 2012-09-20 at 9.26.27 AMMonday, 04 February 2013 10: 39

Excluded the General Secretariat of the Council of Ministers to replace or cancel three zeros currency at this stage, it is seeking to raise the value of the dinar against the dollar.

And the Secretariat’s statement quoted Ambassador News Agency received a copy of it today its Secretary-General on improved relations, as saying that “the project currency substitution and cancel three zeroes discussed during the last period of the Council of Ministers, the Council stressed that this project is not a priority for the Government at the moment, there is no real problem in this area.” (more…)

flashback07-10-2012-15: 14

The Iraqi Central Bank decided Sunday, altering the timing of the launch of project structuring and delete the zeros of the Iraqi currency, he completed the bulk of the action, among the new currency put into circulation must be the beginning of the calendar year in which the scheduled start of implementation and not. (more…)

Will open the Baghdad Stock Exchange and infiltrated .. Conference in London will turn Iraq into a bank to finance the bankrupt states

17/09/2012 12:00 am

Parliamentary sources said that a high-level Iraqi delegation will attend a conference on investment in the banking sector and banks in Iraq to be held in the British capital London. (more…)

Economist: clinging to the security and economic situation to delay the lifting of the zeroes from the currency, “a lame excuse”

Monday, September 17 / September 2012 11:33

Description economic expert on behalf of Jamil, invoke the security and economic situation, and work to delay the process of lifting the zeros from the currency arguments “flimsy.”

Said Jamil told all of Iraq [where] today, that “everything in Iraq has become a subject of political decisions and moods, pointing out that” one of the paragraphs of the Central Bank Act, allows him to print and change the currency. ” (more…)

Monday, September 17 / September 2012 09:03

Iraqi central bank decided to diversify its financial policies in 2013 through the sale of gold and government bonds and foreign citizens.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told all of Iraq [where], “The Central Bank has decided to not only his financial selling foreign currency from the dollar to the banks, but will have a monetary policy variety in 2013, through the sale of gold and government bonds and foreign directly to the citizen. ” (more…)

09/17/2012

BAGHDAD / JD / .. intends Jordanian government to discuss the issue of debt on Iraq, amounting to a billion dollars, during a meeting with Iraqi Minister of Finance tomorrow.

held in the Jordanian capital Amman this week talks ministerial Jordanian-Iraqi to promote trade and economic relations between the two countries, and discussed aspects of cooperation in all fields, and that on the sidelines of the session 26 of the Trade Committee Jordanian-Iraqi Joint headed by Minister of Industry and Trade Shabib Ammari and Iraqi Minister of Finance Rafie al-Issawi, which Stbdogda Tuesday. (more…)

Monday, September 17, 2012 09:42 GMT

B. Central Bank Governor appearance of Mohammed Saleh
Alsumaria News / Baghdad

Iraqi Central Bank announced on Monday, for the high inflation rate basis for the month of August last year to 141.0 percent rise annually to 5.0 percent, attributing the cause to rise in housing prices and private rentals. (more…)

The Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group each year bring together central bankers, ministers of finance and development, private sector executives, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial system. This year’s Annual Meetings events will take place in Tokyo, October 9-14, 2012.

(more…)

Foreign Relations: The Gulf States behind the survival of Iraq under Chapter VII

On: Tuesday 14/8/2012 9:10

has accused the parliamentary Foreign Relations Committee, the Gulf states not to cause the withdrawal of Iraq from Chapter VII so far, citing the apprehension of these countries, “the exploitation of Iranian influence in Iraq as well as too sectarian conflicts and alignments in the region (more…)

Date: 2012-08-14 11: 01: 59 Tuesday

Baghdad (News) … Commended the decision of the Committee on oil and energy Deputy from coalition of Kurdish blocs–Qasim Mohammad Qasim, the United Nations initiative to set up a Committee to follow the law of oil and gas it would press to parliamentary blocs to agree on a draft law to be submitted to the Presidency of the House of representatives to vote on it.

Said Kassem (News Agency news) on Tuesday: there are different opinions and different visions for parliamentary blocs to agree on a draft hydrocarbon law to the Chamber of Deputies for a vote because of political differences and the problems in Iraq. (more…)

Editor: HAH | GS Monday 13 August 2012 13: 18 GMT

Iraqi Prime Minister Nuri al-Maliki during a meeting the delegation of World Bank and IMF

Prime Minister Nouri al-Maliki, Monday, that Iraq is rich and has great wealth and needs to experience Bank for the development of financial and economic institutions, as the representative of the World Bank is prepared to continue to work for the implementation of projects financed by the Bank in the areas of energy. (more…)

KUWAIT: An Iraqi political group urged its government to seek diplomatic intervention from Russia to help Iraq exit the UN Chapter VII sanctions, instead of relying on Kuwait’s position.

“Russia is currently supervising the work of the committee that evaluates Iraq’s situation to stay subjected to the Chapter VII sanctions,” said Aliya Nusayef, spokesperson of the Free Iraqiya Bloc. (more…)

Tuesday, August 14 / August 2012 07:38

Accused the MP for the Iraqi bloc of free high Nassif Kuwait to “stick to the issue of human remains and missing persons to keep Iraq under UN mandate.”

She said in a statement to transfer the Information Office of the block that: “Despite the lapse of more than twenty years since the events of Kuwait and the Gulf War II, but we, alas, we still hear from time to time for the claims of some Kuwaiti officials to Iraq to reveal the fate of the missing and the remains of the dead, as if this file wrote to him that Aihsm in any way. ” (more…)

13/08/2012 16:10

Erbil, August 13 (Rn) – The Iraqi Prime Minister Nuri al-Maliki, on Monday, the need for Iraq to experience the World Bank and what can be its support for the development of financial and economic institutions.

Maliki stressed that Iraq is a rich country has great wealth and that his efforts are concentrated on the investment of these resources in order to achieve a better return and higher levels of performance and achieve economic prosperity. (more…)

08/13/2012 13:29

The Central Bank of Iraq that the increase in its reserves of hard currency to sixty-seven billion dollars, it returns a positive Tmanhdinar extra strength.

Deputy Governor of the Bank of the appearance of Mohammed Saleh explained that there Tlazemambeshra between the current account surplus of the balance of trade payments and the growth of Ctiattiyalnkadi of foreign currency, (more…)

13/08/2012 14:55

ERBIL, August 13 (AKnews) – Iraq’s Deputy Prime Minister Rojh Nouri Shawais said the problems between Iraq and Kuwait are in the process of being solved.

Shawais added: “The Iraqi government intensified efforts to solve the disputes with Kuwait and so far a number of agreements have been signed between both sides. (more…)

Economists said that the Central Bank accused of corruption prove it through legal channels and stressed that the process of politicization of the Bank would be detrimental to the Iraqi economy.

(more…)

Posted 12/08/2012 09:12 AM

Babinaoz (Reuters) – announced that the mission (UNAMI) a tendency to form a team from the United Nations to follow up the adoption of the law of oil and gas, as revealed to the parliamentary committee for the formation of a lobby to pass the law.

A representative of the Secretary-General of the United Nations in Iraq Martin Kobler: “It will be after Eid al-Fitr to form a team to follow up the adoption of the law of oil and gas, because of this law of importance to the Iraqi economy and the overall life in Iraq, and because the bulk of Iraq’s budget depends on the oil sector. “and stressed in a press statement, the need for consistent political blocs in the process of wealth-sharing oil (more…)

12/08/2012 10:11
BAGHDAD / Center Brief for the Iraqi Media Network – revealed to the Commission on oil and energy parliamentary agreement on the formation of a joint committee with the legal representative for the selection of a draft of the three are rated for oil and gas law in Iraq.

He said the Commission’s decision to Muhammad Qasim (Brief Center for the Iraqi Media Network) that “it was agreed during a meeting with the Legal Committee to form a joint committee made up of ten members to gain access to the mechanism of consensus to approve the law of oil and gas.” (more…)

12/08/2012 09:04
BAGHDAD / Center Brief for the Iraqi Media Network – The Commission on Economy and Investment parliamentary legislation requires that Iraq three important laws to be able to get a permanent membership of the WTO.

A member of the Committee Salman al-Moussawi’s (Center Brief for the Iraqi Media Network) that “the customs tariff law and the law of the protection of the domestic product and consumer protection law is one of the most prominent legislation requested by the WTO to get Iraq to permanent membership.” (more…)

12/08/2012 11:39
A member of the Finance Committee Parliamentary there is money now lost by the Central Bank of Iraq through the daily auction of foreign currency, with the bank denied the accusations confirmed that an organization that works to stabilize the market and not fall on profit and loss.

Jubouri said to (Center Brief for the Iraqi Media Network) that “what was he missed because of the money from the Iraqi Central Bank auction is equivalent to many times the announced increase in the size of the reserves, the money supply by the Bank.” (more…)

Posted 11/08/2012 08:12 AM

Babinaoz (Reuters) – Central Bank of Iraq, the rise of foreign exchange reserves to $ 67 billion, confirming that these reserves are the largest in the history of Iraq, pointing out that these reserves is one of the monetary policy to reduce inflation in Iraq.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that “the Iraqi Central Bank’s reserves of hard currency rose to $ 67 billion, up from $ 63 billion the end of last May,” noting that these “reserves are the largest in the history of Iraq.” (more…)

Date: 2012-08-11 11: 38: 24 Saturday

Baghdad (News) … Financial expert stressed the importance of improved investment frozen Iraqi funds in banks in the country serve the strategic projects, blaming the Central Bank responsible for the funds not recovered because it can retrieve through its external relations (more…)

Economy

Posted 08/08/2012 05:24 PM

MP from the list, the Iraqi Turkmen Auzmn good that the currency will include the new Iraqi Turkmen teachers.

He said in a press statement that “during the meeting which was held last week with the Central Bank Governor Sinan Shabibi on the issue of deletion of zeros and shape of the new currency has been several models for the new currency and the parameters of the ziggurat and the waterfall completely to Beck.” (more…)

08/11/2012 0:00

Talabani calls to unify positions .. And al-Maliki and Jaafari confirm the direct dialogue

flag “Center Brief for the Iraqi Media Network,” The National Alliance recognizes the insights and observations of some political blocs on the draft reform put forward recently. coincides this information with the invitation of President Jalal Talabani, to unify the positions of all the political parties, and confirm Maliki and Jaafari, during a meeting reunion yesterday, the need for connectivity and the adoption of direct dialogue with the blocks and forces of all national, while the intensified political leaders meetings side to bring the views and support the project of the National Alliance. (more…)

(VOV) – The falling inflation index in the first half of this year is attributed to unanticipated factors and the lack of middle and long-term strategies for stable economic growth.

Deflation could be negative

The Head of the Pricing Department under the General Statistics Office (GSO), Nguyen Duc Thang, says that over the past six months, the low purchasing power and large inventories, coupled with adjusted petrol prices and pay rises have had little impact on the consumer price index (CPI). (more…)

Updated : 12:25 PM, 06/08/2012

(VOV) – Despite slightly slow growth in the past six months, the national economy has yet to slip into recession, according to Vu Duc Dam, Minister and Chairman of the Government Office.

An economy plunges into recession only when its growth is negative in two consecutive quarters, but that is not the case in Vietnam, Dam told the media in Hanoi on August 5. (more…)

04/08/2012 01:09
BAGHDAD / Center Brief for the Iraqi Media Network – called on the government of Iraq, Kuwait on Saturday to take serious steps to remove Iraq from Chapter VII.

He said government spokesman Ali al-Dabbagh’s (Center Brief for the Iraqi Media Network) that “Iraq calls for Kuwait to take serious steps to remove Iraq from Chapter VII.” (more…)

Press Release No. 12/286
August 3, 2012
The Executive Board of the International Monetary Fund (IMF) approved on July 20, 2012—on a lapse-of-time basis1—a seven-month extension of Iraq’s Stand-By Arrangement (SBA), to February 23, 2013.

The SBA had been scheduled to expire on July 23, 2012. The extension, which had been requested by the Iraqi authorities, will provide them with time to implement the policy measures needed to complete the combined third and fourth reviews under the SBA. The extension will, in particular, provide time for discussions on fiscal policies for the remainder of 2012 and on measures to improve the functioning of the exchange regime. (more…)