Shabibi ousted from CBI, IQD drops; Dinar at lowest level in two years

Posted: May 16, 2013 in Iraqi Dinar/Politics
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English: Governor of the Bank of Irak.

Observers: dip, Shabibi dinar missed and we fear the continued decline
THURSDAY, 16 MAY 2013 17: 07

Iraqi dinar is currently experiencing a decline in its value against the US dollar since the Government sacked the former head of the Central Bank, Sinan Al-Shabibi is raising concern among money and economy in particular.

And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to about 1,300 dinars after was stable from 1120, the highest rate of exchange-rate mechanism for the last two years. Read the rest of this entry »

Iraq takes step to make country lucrative to outside investment; Bill omitting taxes and fees up for approval in the house

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Inside of the Baghdad Convention Center, where...

05/16/2013 12:09
The Iraqi government said it had agreed on the draft exemption Iraq and foreign companies implementing investment projects from taxes and fees to encourage the movement of investment in the country.

The Iraqi environment is attractive to investors and capital owners wary of entering the market, despite the availability of opportunities Iraqi result of tensions security and poor services as well as the bureaucracy. Read the rest of this entry »

International companies intensify its activities within the Iraqi market

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 1.41.50 PM05/16/2013 06:50
Confirmed Ford and Lincoln that the Iraqi market has achieved higher growth rate in sales of Ford during the first quarter of this year by nearly 200 percent with the high demand for cars Taurus, Edge and Explorer and Expedition. Said Larry Bryan, Executive Director, Ford Middle East,

said: “There is no doubt that the sales for this year has seen the start of an extraordinary and powerful; The results we have achieved so far point to the success of the strategy Ford in Iraq and the countries of the region, which leads us to expand our business in these areas and one One Ford in achieving our goals., and we will continue to focus on business development in cooperation with our dealers, and strive to create models of high-quality sought by customers quotation Ford, Lincoln, includes creations and unique technologies add to the value Read the rest of this entry »

Biden’s plan for dividing Iraq

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 1.38.35 PMBiden on the road to project implementation!!.

16-05-2013 06:21 PM
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Committed the security agreement partners the political process signatories to the implementation of the final phase of occupation program, a federal application stage.

The fact that the position of the occupation was not clear in any case such as the visibility of the issue of federalism he declares at night and during the day he wants to sees a federally Iraq, and the leaders of the fundamental process required all know them completely, and they are the keepers of strictly implemented. In order rushes Iraq to the final phase of the planned decree also wants the U.S. occupation has كلت Obama administration Iraq dossier to Biden Republican Almtzin that has already been presented to Bush and Congress project to divide Iraq, and here he is today oversees the implementation itself has started its activities in practice heats the political situation in preparation for the division was distribution of roles on the partners of the political process as follows: Read the rest of this entry »

CBI Daily Currency Auction Results for May 16, 2013

Posted: May 16, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 16-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 27
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 231,188,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 231,188,000
Total offers for selling (US$) —–

Exchange rates

 

Iraq and Kuwait Foreign Ministers Discuss Successful Relations, Ending Chapter VII

Posted: May 15, 2013 in Iraqi Dinar/Politics
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Cropped image of Iraqi Foreign Minister Hoshya...

Two articles

Zibari, Kuwaiti Ambassador discuss positive progress in bilateral relations
Wednesday, 15 May 2013 15:40 | | |

Baghdad (AIN) -The Minister of Foreign Affairs, Hoshyar Zibari discussed with the Ambassador of Kuwait for Iraq, Ali Mohamed al-Mu’min, the constructive progress that was achieved through the mutual cooperation between both countries.

Read the rest of this entry »

Financial expert calls for the central bank to take the necessary measures to save the Iraqi dinar exchange rate

Posted: May 15, 2013 in Iraqi Dinar/Politics

15-05-2013 12:37 PM

Baghdad (news) .. He favored a financial expert Abdul Sattar al-Hashemi, the continued reduction of Iraqi dinar exchange rate against the U.S. dollar unless there are serious by the central bank to develop a plan to save the national currency.
Read the rest of this entry »

Negotiations on Iraq’s accession to the WTO are going well; Expects to join in 2016

Posted: May 15, 2013 in Iraqi Dinar/Politics
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World Trade Organization

Ministry of Commerce revealed that “2016 will see the completion of the procedures for Iraq’s accession to the World Trade Organization (WTO)”.

The Director of the Department of Foreign Economic Relations and Trade Ministry Hashim Mohammed Hatem said “the negotiations with the World Trade Organization are going well to complete the conditions of accession to this international institution.” Read the rest of this entry »

CBI Daily Currency Auction Results for May 15, 2013

Posted: May 15, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 15-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 28
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 161,159,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 161,159,000
Total offers for selling (US$) —–

Exchange rates

Editorial: The value of the Iraqi currency and structural economic imbalances

Posted: May 14, 2013 in Iraqi Dinar/Politics
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D. Kamal Al-Basri and harmful Sbahi professor

Iraqi Institute for Economic Reform

Article seeks to examine the value of the Iraqi currency fluctuations and interpretation of structural imbalances and weak governance vocabulary application and other behavioral factors. And concludes that the following factors may have led to increased demand for foreign currencies and shortage of supply: External political, and weak business environment, the economic and fiscal policy, and the lack of political and economic stability, and the weakness of the productive capacity of local, and that the improvement in the rate of per capita income of Iraq was a factor is the other, weak governance and the rule of law, and the decline of family remittances from abroad, and the growing presence of financial transfer companies and brokerage firms (parallel market), and the emergence of trade zones in border ports. Read the rest of this entry »

Economic Committee Member: high exchange rates of the dollar against the dinar currency behind the drain

Posted: May 14, 2013 in Iraqi Dinar/Politics
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12:10 05/14/2013attributed member of the parliamentary Finance Committee Haitham Jubouri reasons for the high exchange rates of the dollar against the Iraqi dinar currency to the drain by some private banks, which owns companies for the currency converter.

Jubouri said in a press statement that “price-fixing remittances equivalent to two to three times the real price example, if the price of Item five $ 5 it up in the hawala to $ 20 sold amount of the surplus is $ 15 to the black market and that is what is reflected on the currency dramatically” . Read the rest of this entry »

MP calls for quick action to halt the rise in the dollar against the Iraqi dinar

Posted: May 14, 2013 in Iraqi Dinar/Politics
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Baghdadi News – 05/13/2013

Baghdad / Baghdadi news / .. Student member of the citizen’s Parliamentary Bloc MP Abdul-Hussein Abtan, on Monday, the competent authorities to take swift action to halt the rise in the dollar exchange rate.

He Abtan During Matmrsahfa held the parliament building and the presence of / Baghdadi news /, that “the high exchange rate of the dollar against the Iraqi dinar during the current period, taking the burden on private citizens and low-income earners because most of the goods offered in the Iraqi market are imported.” Read the rest of this entry »

Iraqi Ministry of Planning: Inflation increase of 1 percent in April, Annual inflation rate up 2.5 percent

Posted: May 14, 2013 in Iraqi Dinar/Politics
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The Ministry of Planning and Development Cooperation, on Monday, a rise in the inflation index for the month of April, a rate of 1% and the annual inflation rate of 2.5%.

He said the ministry spokesman Abdul Zahra al-Hindawi said “it came according to a report by the Central Bureau of Statistics for the current month of April and on the basis of field data collection on the prices of goods and services components of the consumer basket.” Read the rest of this entry »

Paralysed Iraqi Parliament did not rise to the level of other world parliaments

Posted: May 14, 2013 in Iraqi Dinar/Politics
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14-05-2013 08:07 PM

Baghdad (newsletter).The Attorney described the Coalition/rule of law/Salam Al-Maliki, the current Iraqi Parliament that paralyzed and not up to the level of other world parliaments in countries with a parliamentary system.

He said Al-Maliki, in a statement received (News Agency) a copy of it: that during the current session of Parliament deputies from the legislative to the political scene, so missed the oversight role and the legislative Parliament replaced courtesies and political one-upmanship that at the expense of citizens, adding: that the Board overlooked the corruption of officials due to their mass yintun under which parliamentary. Read the rest of this entry »

The current session of Parliament did not succeed in passing important economic laws

Posted: May 14, 2013 in Iraqi Dinar/Politics
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Range – 05/14/2013

See parliamentarians specialists in economic affairs that the current parliament did not succeed in passing laws important economic, pointing out that the parliamentary session is nearing completion and the percentage of pass laws entrusted to him did not exceed half.

said a member of the Oil and Energy Committee National Alliance MP Furat Mohsen al-Shara that “the laws economic task upon which the country’s economy as law of oil and gas, mostly did not recognize due to the worsening political problems. ” Read the rest of this entry »

Maliki receives Commander of Central U.S. Army Forces.

Posted: May 14, 2013 in Iraqi Dinar/Politics
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14/05/2013 19:15:00
Baghdad / NINA /– Prime Minister Nuri al-Maliki received in his bureau the commander of Central U.S. Army Forces Gen. Austin this afternoon.

An informed source said that the two sides discussed the process of arming the Iraqi army and cooperation in fighting against terrorism as well as discussed the Syrian crisis.

http://bit.ly/13Zdb5C

CBI Daily Currency Auction Results for May 14, 2013

Posted: May 14, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 14-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 29
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 188,507,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 188,507,000
Total offers for selling (US$) —–

Exchange rates

 

Economic Committee Member calls on CBI to take swift action and reconsider policy; Stop turning deaf ear and blind eye on the continuing rise of USD

Posted: May 13, 2013 in Iraqi Dinar/Politics
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Economic parliamentary demanding quick action to stop the rise in the dollar exchange rate

Student member of the Economic Commission bloc MP Abdul Hussein Abtan citizen all competent authorities to take swift action to halt the rise in the dollar exchange rate. Read the rest of this entry »

Presidency of the parliament show support for CBI to adjust the price of the dollar and reduce money laundering

Posted: May 13, 2013 in Iraqi Dinar/Politics
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Expressed the Presidency of the Council of Representatives their full support for the central bank to scrutinize the work of private banks and reform measures that include adjust the exchange rate of the dollar and reduce the phenomenon of money laundering. Read the rest of this entry »

Economist: CBI $74B reserves will boost IQD value; However if reserves pay for projects it will hurt economy

Posted: May 13, 2013 in Iraqi Dinar/Politics
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Economic analyst: CBI balance of hard currency will support Iraqi dinar
13-05-2013 10:33 AM

Baghdad (newsletter). Economic analyst Abdel Salem Al-uqaili warned, nice lending part of the Central Bank’s cash reserve in the country’s investment projects, because it would harm the economy and national currency.

He said Al-uqaili (News Agency): to increase the Central Bank’s balance of foreign currency to more than 74 billion dollars, will boost the value of Iraqi dinar and enhances the strength of the national economy. Read the rest of this entry »

Iraqi Ministries, US Trade Industry discuss Iraq joining the New York [Convention] Agreement for 1958

Posted: May 13, 2013 in Iraqi Dinar/Politics
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Monday, 13 May 2013 16:12 | | |

Baghdad (AIN) -The parliament Economy and Investment Committee discussed including Iraq in New York Agreement for 1958.

The parliament’s Media Office reported “The parliament Economy and Investment Committee held a meeting on last Sunday headed by MP Mohammed Salman, Vice-Chairman of the Committee in presence of representatives from the Ministries of Planning, Trade and Finance and the Supreme Judicial Council as well as a delegation from the US Trade Ministry.” Read the rest of this entry »

UNDP Administrator: security and political instability behind disruption of development in Iraq

Posted: May 13, 2013 in Iraqi Dinar/Politics
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13-05-2013 12:06 PM

Baghdad (newsletter).The Director of the Office of the United Nations Development Programme Iraq Peter Batchelor, the lack of security and political stability behind the country’s development stalled.

Batchelor said in an interview with (News Agency): that the United Nations had made progress during the past 10 years in achieving development goals especially in Iraq, he said: we believe that without the stability of the political and security situation development evolution can never get in Iraq. Read the rest of this entry »

CBI Daily Currency Auction Results for May 13, 2013

Posted: May 13, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 13-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 27
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 223,177,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 223,177,000
Total offers for selling (US$) —–

Exchange rates

Happy Mothers Day...Love you mom

Posted: May 12, 2013 in Iraqi Dinar/Politics

Reblogged from The Currency Newshound:

Click to visit the original post

I would like to wish a Happy Mothers day to all mothers that are with us today, soon to be, and to those whom we've lost but will live forever in our hearts .

Just as the love you provided us
Our love for you goes without limits.

Which reminds me of this...

Love is patient; love is kind. Love is not jealous; is not proud; is not conceited; does not act foolishly; is not selfish; is not easily provoked to anger; keeps no record of wrongs; takes no pleasure in unrighteousness, but rejoices in the truth; love bears all things, believes all things, hopes all things, and endures all things.
- I Corinthians 13:4-7

Iraqi parliament supports the actions of the central bank to ensure the stability of the dinar

Posted: May 12, 2013 in Iraqi Dinar/Politics
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SUNDAY, MAY 12 / MAY 2013 18:03

announced the Presidency of the Council of Representatives, on Sunday, its full support for the action the central bank intends to take to ensure the stability of the Iraqi currency after it experienced a decline in value against the dollar to a record level in two years.

And plunged the value of the Iraqi dinar gradually over the past weeks to reach the price per dollar to about 1129 dinars after it had been stable for 1120, the highest rate up to the exchange rate during the past two years. Read the rest of this entry »

Baghdad, Erbil discuss implementation of concluded agreement

Posted: May 12, 2013 in Iraqi Dinar/Politics
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Sunday, 12 May 2013 22:40 | | |

Erbil (AIN) -A delegation from the Iraqi central government headed by Falih al-Fayadh, Advisor of the National Security with membership of each of Tariq Najim, official of Premier’s office and, Maj. Gen. Babaqir Zibari, head of the Army Staff, visited Erbil on Sunday.

A statement by the Patriotic Union of Kurdistan, PUK, reported “The delegation was welcomed by Kosert Rasoul, Kurdistan Region’s Vice President, Najervan Barzani, KR Prime Minister, and Barham Salih, Second Deputy of PUK’s Secretary General, along with other Kurdish officials.” Read the rest of this entry »

Federal Government’s delegation discusses with Kurdistan Region’s delegation mechanism to implement agreement reached

Posted: May 12, 2013 in Iraqi Dinar/Politics
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12/05/2013 19:32:00
Baghdad (NINA) – A delegation from the Federal Government, headed by National Security Advisor, Faleh al-Fayadh, arrived on Sunday, May 12, in Erbil.

A statement issued by the Patriotic Union of Kurdistan (PUK) web site said that Vice President of Kurdistan Region, Kosrat Rasul, and Prime Minister, Nechirvan Barazani received the delegation. Read the rest of this entry »

Parliament, CBI, discuss issuance of decisions to maintain Iraq’s funds

Posted: May 12, 2013 in Iraqi Dinar/Politics
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Sunday, 12 May 2013 19:18 | | |

Baghdad (AIN) -The Iraqi parliament chairmanship discussed with head of the Financial Supervision Council FSC, and acting governor of Central Bank of Iraq, Abdul Basit Turki, the issuance of the decisions which help protect Iraq’s moneys for the next year and addressing the country’s debts. Read the rest of this entry »

Economist calls for the adoption of the oil and gas reserve of the Central Bank economist

Posted: May 12, 2013 in Iraqi Dinar/Politics
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May 11, 2013, 1:43 pm
Economic expert called on behalf of Jamil Antoine, on Saturday, the central bank to adopt oil and gas Kkhozan the reserves instead of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country. Read the rest of this entry »

Iraq has the potential to transition to a market economy, says Iraq Securities Chairman

Posted: May 11, 2013 in Iraqi Dinar/Politics
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11/05/2013 12:00 AM

The Chairman of the Securities Commission to the importance of turning the family business into joint-stock companies and the creation of an entity larger able to compete and diversify the productive base and make alliances strategy and achieve competitive advantage of economy of scale and thus reduce costs. Read the rest of this entry »

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