Posts Tagged ‘Baghdad’

CBI Gov Turkey: Central Bank is the sole body responsible for monetary policy in Iraq

Posted: May 23, 2013 in Iraqi Dinar/Politics
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Baghdad / Baghdadi news / .. declared the Iraqi Central Bank, on Thursday, continuing to support the banking activity in accordance with the stated policy and what qualifies these banks and serious contribution in building the economy of Iraq.

He said Iraqi Central Bank Governor agency Abdul Basit Turki said in a statement transfer press office and received / Baghdadi News / copy of it, and during a meeting with a number of managers of Commissioners and officials of private banks that “the sole and reference in the administration and the announcement of the monetary policy in Iraq,” (more…)

Deputy Khalil: GOI has desire to control the work of the CBI. This is contrary to the Constitution

Posted: May 23, 2013 in Iraqi Dinar/Politics
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23-05-2013 02:24 PM

Baghdad (newsletter). Confirmed the decision of the Commission on economy and investment Deputy of the Kurdistan blocs Coalition//mehma Khalil, the constant interventions by the Federal Government following the Central Bank’s action on the Iraqi dinar exchange rate against the US dollar. (more…)

Financial expert calls for new legislation to open Iraqi securities market (ISX) to the world

Posted: May 23, 2013 in Iraqi Dinar/Politics
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23-05-2013 11:02 AM

Baghdad (newsletter). Financial expert called on behalf of Hadi al-Tamimi, the need to legislate a new law on securities market regulation, stressing the importance of access to the Iraqi market for securities to the world for the purpose of activation.

He said Al-Tamimi (News Agency): the current securities law conflict with other economic laws is needed to bring new legislation by the House to regulate the market and attract businesses. (more…)

Iraq is negotiating with 159 countries to join the World Trade Organization (WTO)

Posted: May 22, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-22 at 11.37.03 AM05/22/2013 09:27
Ministry of Commerce announced that the Minister of Trade Khairallah Hassan Babiker will head the delegation negotiating for Iraq’s accession to the World Trade Organization membership includes representatives from relevant Iraqi ministries and private sector bodies to negotiate with the {159} member state of the WTO, which will be negotiated on files accomplished by Iraq in his career to join this organization.

According to the statement of the Information Office of the Ministry that “Iraq had fought two rounds of negotiations with the World Trade Organization discussed during which many of the files is now going to enter into a round of negotiating a third will be dedicated to file initial offer of goods which has been submitted to the organization after completing accomplished by the Iraqi side.”

(more…)

Adoption of the Iraqi-Kuwaiti Navigation Convention After Legislative Recess; Kuwait PM to Visit During Next Term

Posted: May 21, 2013 in Iraqi Dinar/Politics
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05/20/2013 12:00 AM

Announced that the parliamentary Foreign Relations Committee to approve the orientation organized navigation agreement between Iraq and Kuwait after the legislative recess of Parliament, stressing the importance of this agreement in order to bring out the country from Chapter VII.

This comes at a time confirmed by the General Secretariat of the Council of Ministers that the Iraqi-Kuwaiti relations continues to improve. (more…)

Kuwait PM postpones visit to Iraq for technical reasons; Reasons pointed to breakdown of talks on some issues

Posted: May 20, 2013 in Iraqi Dinar/Politics
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Secretary General of the Council of Ministers: Kuwait PM postpones visit to Iraq for technical reasons; Reasons pointed to breakdown of talks

Screen Shot 2013-05-20 at 8.56.25 AMBAGHDAD – (AP) – An Iraqi official said that the postponement of the visit of Prime Minister Sheikh Jaber Al-Mubarak to Iraq comes to technical reasons.

He said on the Keywords of the Secretary General of the Council of Ministers in a press statement, “the postponement of the visit of Prime Minister of Kuwait Jaber Al-Mubarak planned to Baghdad for technical reasons and belonging to the question of technical and regulatory arrangements in relation to the agenda and the obligations of the prime ministers of the two countries.” (more…)

Negotiations still needed between Iraq, Kuwait regarding navigation channel

Posted: May 20, 2013 in Iraqi Dinar/Politics
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Foreign Parliament: Organize navigation with Kuwait comes out of Iraq from Chapter VII

Screen Shot 2013-05-20 at 8.52.27 AM05/20/2013 12:00 AM

Ezzat Foreign Relations Committee the reasons for postponement read Convention on the Regulation navigation between Iraq and Kuwait not to see some of Representatives, stressing the importance of this agreement in order to remove Iraq from Chapter VII.

and according to the agreement, the ships passing through this channel down their flags in both Iraq and Kuwait will not raise any flag, but if you raised the ship, science Kuwait when entering the Kuwaiti side, it follows that any legal consequences at the time. member of the Foreign Relations Committee, Imad John Yako explained that the Convention on the Regulation navigation in the Khawr Abd Allah came from the government to the House of Representatives and has been studied by the Committee on Foreign Relations. (more…)

Iraq Commerce Meeting Discussed WTO Issues: Members Agree Iraq Needs WTO Membership; But Laws Need Amended

Posted: May 17, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-17 at 10.04.08 AMSpecialists emphasize the need for Iraq to join the World Trade Organization and businessmen: will not join even after fifty years if laws do not change

Author: TZ
Editor: AJ, RS 13/05/2013 20:04

Confirmed the deal with matters relating trade in the province of Diwaniyah on Monday, “Iraq’s need” to join the World Trade Organization, while confirmed by the Ministry of Commerce said joining the organization “will move the Iraqi economy,” “ruled out” businessmen the possibility of it on the ground until “after fifty years, “and attributed the cause to” the absence of legislation “in a position to put Iraq into the international system, demanding the cancellation of” the Ministry of Commerce. ” (more…)

IQD value rapidly deteriorates; 1220 to 1 USD…Now 1300 to 1 USD

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 2.06.16 PMTuesday, 14 May 2013 20:53 | | |

Baghdad (AIN) -The price of the US dollar in the local markets reached 1,300 Iraqi dinars, compared to 1220 dinars in mid-March and represents a significant reduction of the Iraqi dinar’s value since the two last years.

It is known that the official price of the USD until this day, according to the Central Bank of Iraq is IQD 1166 and that means that the value of the Iraqi dinar has reduced more than 11%.

According to representatives of All Iraq News Agency (AIN), this decline has led to increasing prices for a lot of goods in local markets and especially the imported ones. (more…)

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 (more…)

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: (more…)

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.

(more…)

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.” (more…)

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. (more…)

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

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. (more…)

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.” (more…)

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. (more…)

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.” (more…)

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. (more…)

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. (more…)

UN’s Kobler, Iraqi Ambassador to Kuwait discuss relieving Iraq from CH VII

Posted: May 9, 2013 in Iraqi Dinar/Politics
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Thursday, 09 May 2013 16:18 | | |

Baghdad (AIN) -The Iraqi Ambassador to Kuwait, Mohamed Hussien Bahr al-Oloum, and the head of the Special Representative of the UN’s Secretary General, Martin Kobler, discussed the efforts exerted to relieve Iraq from the 7th Chapter of the UN Charter. (more…)

Today, Iraq and Kuwait to agree on maritime navigation in the Khawr Abd Allah before House of Representatives

Posted: May 9, 2013 in Iraqi Dinar/Politics
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Iraq and Kuwait agreement on the organization of navigation in front of the House of Representatives
Published on Thursday, 09 May 2013 10:05

Put the House of Representatives, on Thursday, the draft law on ratification of the Convention between the Government of the Republic of Iraq and Kuwait on the organization of maritime navigation in the Khawr Abd Allah in front of his deputies in the first reading, amid expectations that the witness hearing a debate on the law with the continued boycott members of the rule of law for the session in protest not to include a bill criminalizing the Baath Party. (more…)

Member of Economic Committee: Need to encourage citizens to use “Visa” and “MasterCard” in banking

Posted: May 9, 2013 in Iraqi Dinar/Politics
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09-05-2013 07:37 AM

Baghdad (newsletter). Invited Member of the Committee on economy, investment/MP Salman al-Musawi, the need to outreach programmes to disseminate the culture of citizens and encourage them to use new technologies in their dealings.

He said Callie (News Agency): modern banking techniques and the most developed world countries will facilitate a lot of things to shorten his time in terms of money transfer and conversion. (more…)

Banking Expert: bank fails due to lack of understanding and a joint coordination between the Central Bank and private banks

Posted: May 9, 2013 in Iraqi Dinar/Politics
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09-05-2013 11:08 AM

Baghdad (newsletter). Banking expert blamed the beautiful name, why the banking sector a lack of common understanding and cooperation between the Central Bank and private banks, in terms of logistical and technical assistance.

A beautifully (News Agency): there is a common understanding and coordination between the Central Bank and private banks on the development of the banking system and identify the most important obstacles to finding appropriate solutions. (more…)

Iraq’s Permanent Representative in Geneva formally takes office

Posted: May 9, 2013 in Iraqi Dinar/Politics
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09-05-2013 02:07 PM

Baghdad (newsletter). Ambassador Mohammad Sabir Ismail received new duties as the Permanent Representative of Iraq in Geneva.
(more…)

CBI Auction Results for May 9, 2013

Posted: May 9, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 9-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 26
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 161,151,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 161,151,000
Total offers for selling (US$) —–

Exchange rates

 

Iraq Oil Commission anticipates final draft of HCL law to be presented in next legislative term

Posted: May 8, 2013 in Iraqi Dinar/Politics
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Expectations of the imminent parliamentary passage of the oil law

08/05/2013 12:00 AM

expected the Commission on oil and energy parliamentary exit the draft final “for the oil and gas law during the next term,” especially after the bilateral agreements between the province and the center, confirmed the possibility of the integration of all drafts of the proposed out of the law and one that meets the wishes of the various parliamentary blocs and political rights. (more…)

Member of Economic Committee: Lack of government oversight and control contributed to money laundering and smuggling hard currency abroad

Posted: May 8, 2013 in Iraqi Dinar/Politics
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08-05-2013 11:34 AM

Baghdad (newsletter). Invited Member of the Committee for economy and investment Deputy of Iraqi/coalition/nahida Al-daini, the governmental and parliamentary control on financial transfers and the sale of foreign currency on the market to reduce the phenomenon of money laundering and currency smuggling. (more…)

United Nations commends the Iraqi government for its attempt to “reform” the public sector

Posted: May 8, 2013 in Iraqi Dinar/Politics
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08/05/2013 14:47

Range Press / Baghdad
Praised the United Nations on Wednesday, the Iraqi government “to fix” the public sector and develop dramatically, and called for the granting authorities and independent judicial freedom for its role of oversight and accountability “, while confirming the need for coordination between the institutions of the state executive, legislative and judiciary to fight corruption.

The Deputy Representative of the Secretary-General of the United Nations in Iraq Jacqueline بادكوك during the Forum Baghdad International to evaluate the anti-corruption strategy and asset recovery, which was held today in Baghdad and attended (Long Press), said that “accountability, transparency and anti-corruption are areas of great importance for Iraq and the region as well,” indicating that “these issues are having a positive impact on the delivery of services.” (more…)

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