Published on Sunday, 24 March / March 2013 16:04
CBI issued, Sunday, new regulations for the sale and purchase of foreign currency, in order to what he considered to stabilize the Iraqi dinar exchange rate against foreign currency to meet the needs of the private sector, including the import of goods and services and to encourage banks to expand their scope, stressing that contrary to the instructions New will be forwarded to the Commission determine the imposition of fines and penalties, confirming validity of these instructions from the 15 April 2013. (more…)
Posts Tagged ‘Board of Directors’
CBI announces its intention to take decisions in order to achieve stability of the exchange rates of foreign currencies
Posted: March 15, 2013 in Iraqi Dinar/PoliticsTags: Board of Directors, Central Bank Iraq, Currency, Economy of Iraq, exchange rate, Iraq, iraqi, Iraqi dinar
Published on Thursday, March 14 / March 2013 12:48
CBI said, Thursday, he was in the process of implementing a number of decisions aimed at stabilizing the foreign currency exchange rates, stressing that responsible for maintaining this stability commensurate with concern for the stability of the dinar exchange rate according to data of the Iraqi economy. (more…)
CBI announces its intention to take decisions in order to achieve stability of the exchange rates of foreign currencies
Posted: March 14, 2013 in Iraqi Dinar/PoliticsTags: Board of Directors, Central bank, Central Bank Iraq, Currency, Economy of Iraq, exchange rate, Iraq, Iraqi dinar
Published on Thursday, March 14 / March 2013 12:48
CBI said, Thursday, he was in the process of implementing a number of decisions aimed at stabilizing the foreign currency exchange rates, stressing that responsible for maintaining this stability commensurate with concern for the stability of the dinar exchange rate according to data of the Iraqi economy.
The bank said in a statement obtained by “obelisk”, a copy of which he was “closely following the changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq regardless of the reasons for these changes and sources and intentions manipulated, the Bank remains is responsible for stability and commensurate with concern for the stability of the dinar exchange rate according to the data of the Iraqi economy. ” (more…)
CBI: Permit the conservative lower U.S. dollar exchange rate based law
Posted: December 15, 2012 in Iraqi Dinar/PoliticsTags: Arrest warrant, bank, Board of Directors, Central bank, Central Bank Iraq, exchange rate, Iraqi dinar, Sinan Al-Shabibi
Published in: 5:14 pm, December 14, 2012
BAGHDAD (Iba) .. The Central Bank of Iraq on his decision authorizing the governor powers to reduce the dollar exchange rate to the Bank Act document.
A source at the bank in connection with the independent press (Iba) in response to a statement the former governor Sinan al-Shabibi, describing the decision (b wrong) that Article 20, paragraph one of the central bank law, which refers to the tasks the central bank governor as the chief executive and his conduct of daily operations. (more…)
Wael Abdul Latif: There are no legal requirement for the central bank to sell the currency exclusively for the purposes of import
Posted: November 3, 2012 in Iraqi Dinar/PoliticsTags: prime minister, Constitution, Wael Abdul-Latif, United States House of Representatives, Board of Directors, Interim Committee, Central Bank Iraq, Birmingham Small Arms Company
Date: Saturday 03/11/2012 08:11 pm
Decision to appoint Abdul Basit Turki Shabibi sack carrying a constitutional violation
He and former Rep. Judge Wael Abdul Latif’s decision to dismiss Central Bank Governor Sinan Shabibi non-existent and does not entail any legal effect. (more…)
Expert: the adoption of international accounting principles limit the financial and administrative corruption
Posted: October 3, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Board of Directors, Business, Corporate governance, Economic, Economic development, economy, Financial statement
10/02/2012 1:15 am
He stressed that corporate governance contribute to enhancing the performance of Baghdad – Hussein Tgb Tamimi called expert accounting and auditing d. Tributary pendulum to the need to apply accounting principles advanced in all companies and institutions to achieve economic development for all sectors without exception, pointing to the importance of governance to manage files for billing, audit after training on the best ways of international accounting. (more…)
World Banking and Finance Summit will take place on 26-27 June in London
Posted: June 12, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Board of Directors, Central Bank Iraq, Chairman, Finance, Finance Ministry, Iraq, Sinan Al-Shabibi, Vítor Constâncio
World Banking and Finance Summit: 26-27 June 2012
The changing shape of international banking
The World Banking and Finance Summit 2012 will examine the changing shape of global banking and finance in the light of macroeconomic imbalances and the new role of debtor and creditor nations. The agenda will look at the main emerging economies and the subsequent shift in economic power from established centres to new contenders. (more…)
The impact of dollar exchange to banks and markets
Posted: June 5, 2012 in Iraqi Dinar/PoliticsTags: Board of Directors, Central bank, Central Bank Iraq, exchange rate, iran, Iraq, Iraqi dinar, Syria
Details Created On Tuesday, June 5, 2012 10:18 Date of Publication Group: investigations
Recent months have seen a marked decline in the Iraqi dinar exchange rate against the dollar, From 1200 to 1280 dinars to the dollar, to 1320 dinars in some cases, but does not know, is that this case of an emergency or a deliberate strategy, and what are the real justification? And attribute some That the international sanctions imposed on Syria and Iran led to the smuggling of large to the dollar in recent months, which entailed increased demand for U.S. currency, and the other explanation is that the open-door policy and the freedom of foreign exchange catalyst on the smuggling of currency, despite a series of measures taken by the Central Bank of Iraq in recent months to monitor the conversion processes large, which means that the turnout of citizens to save the national currency down in the recent period, because the dinar was a few months ago to an unprecedented storm, the first of its kind since 2003, has reached the proportion of the decline to 9 percent, the highest rate of exchange four years ago. (more…)
Kuwait: $16 billion sums received hope from Iraq
Posted: May 2, 2012 in Iraqi Dinar/PoliticsTags: Amman, Board of Directors, Iraq, iraqi, kuwait, natural gas, United Nation, United Nations Security Council resolution
(KUNA) – The President of the Board of Directors of the Public Authority for Assessment of Compensation for the loss of Iraqi aggression Mudhaf Khaled Ahmed, the need to continue the regular filing in the Compensation Fund to five percent of the proceeds from the sale of all exports of oil and petroleum products and natural gas to Iraq.
The Mudhaf in the word of Kuwait in the opening session of 73 of the United Nations Compensation to deposit regular come and according to the UN Security Council Resolution 1956 to the year 2010 in addition to five percent of the value of any payments of non-cash oil and petroleum products and natural gas. (more…)
The collapse of the Iraqi banks
Posted: February 26, 2012 in Iraqi Dinar/PoliticsTags: Amman, Baghdad, Baghdad Central Prison, bank, Board of Directors, Central Bank Iraq, Iraq, Karkh
Central Bank issued a Mphaja decision to stop dealing with the North Bank of Iraq for reasons not yet been clarified, and two days before the development of the Central Bank of Iraq’s seizure of the money the Bank of Basra in Iraq. Also Tmalqa the arrest of the President of the Board of Directors businessman Hassan Ghalib Kubba and deposited in the Baghdad Central Prison on the back charges of manipulating funds of depositors.
On the other hand the situation before the booking two weeks removed by the Central Bank of Iraq to the Iraqi Warka Bank funds, as well as Chairman of the Board on the money his administration Saad Saadoun Almtuare structure on the low profile is required to eliminate Bmujbmzkrh arrest warrants issued by an investigating judge Karkh. (more…)
Delete the zeros from the IQD: the fear of inflation and overloading of the shoulders of the citizen
Posted: January 24, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Board of Directors, Central bank, Central Bank Iraq, Currency, Iraq, iraqi, Iraqi dinar, Iraqi people
01.22.2012
Mutnon expressed concern about the project to delete three zeros from the Iraqi currency, which called for by the Central Bank of Iraq recently, saying that «the project would put particular strain the shoulders of the Iraqi citizens and raise the price of materials, particularly of food in the market is not subject to any control».
While the central bank recently said that «the three categories consist of 200 dinars, which is equal to 200 thousand dinars at the present time and a 100 dinars, which is equal to 100 thousand dinars, and the category of 50 dinars, which is equal to 50 thousand dinars, in addition to the coin of the category of the dinar and Dinarin as well as half and quarter dinars and 100 fils and dirham». (more…)
Saleh: CBI plans to launch three categories after deletion of zeros from the Iraqi dinar
Posted: January 14, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Board of Directors, Central bank, Central Bank Iraq, Deputy Governor, Iraq, iraqi, Iraqi dinar, Saleh
Alsumaria News / Baghdad, the central bank of Iraq, Saturday, all intended to put three categories significantly after deleting three zeros from the Iraqi dinar, pointing out that the process of replacing the currency will take two years.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, “The Bank will present three classes a great addition to the categories of mineral, after the deletion of three zeros from the Iraqi dinar,” noting that “the process of switching would reform the system of currency management and ease of use.“
Adoption of financial analysis to the control of performance and behavior of banks
Posted: December 10, 2011 in Iraqi Dinar/PoliticsTags: Board of Directors, Central bank, Company, Financial statement, Iraq, Private bank, Securities Commission, Stock market
10/12/2011
Stock evaluate the performance of the banking sector in the market
Brought to the workshop organized by the Iraqi market for securities to assess the performance of the banking sector in the stock market, highlighted the adoption of financial analysis as a means in which in addition to the display requirements of the market in the quarterly reports and final accounts,
as the workshop focused on the follow-up to the reality of the banks listed in the Iraqi market for securities and mechanisms work and the extent to which a banking services to the local economy in light of the adopted systems, and presented the workshop as well as compare the financial statements quarterly during the first quarter, second and third of the banks included in the regulations of the market and pause at the financial analysis of these banks and the extent of follow-up to the standards of international accounting and domestic legislation and instructions of the Central Bank as it comes to ensuring the smooth functioning of the market as to ensure equity and efficiency of the banks that traded shares in the market. . (more…)
Shaways discuss with World Bank delegation ways to provide technical support to public and private sectors
Posted: November 1, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Board of Directors, Chairman, Iraq, middle east, Private sector, Technical support, World Bank Group
Date: Monday, 10/31/2011 18:27
Baghdad (news) .. Deputy Prime Minister Dr. Rose Nuri Shaways, with a delegation from the World Bank Group cooperation and ways to provide technical support for both the public and private sectors.
A statement of the Office of Shaways received Agency (news) a copy of it on Monday: that the Deputy Prime Minister Ruz Nuri Shaways, received a delegation from the World Bank Group join Bank vice-president Rashad Chaldean and Regional Director for the Middle East Glers Hedda and manager of its branch in Iraq. (more…)
IMF Press Release: IMF Executive Board Selects Christine Lagarde as Managing Director
Posted: June 28, 2011 in Iraqi Dinar/PoliticsTags: Agustín Carstens, Baker & McKenzie, Board of Directors, Chief executive officer, Christine Lagarde, Dominique Strauss-Kahn, European Union, International Monetary Fund
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Press Release No. 11/259
June 28, 2011
The Executive Board of the International Monetary Fund (IMF) today selected Christine Lagarde to serve as IMF Managing Director and Madame Chairman of the Executive Board for a five-year term starting on July 5, 2011. Ms. Lagarde, who succeeds
Mr. Dominique Strauss-Kahn, is the first woman named to the top IMF post since the institution’s inception in 1944.
The selection of Ms. Lagarde by the 24-member Executive Board representing the IMF’s 187 member countries brings to conclusion the selection process initiated by the Executive Board on May 20, 2011 (see Press Release No. 11/191). According to the agreed procedures, the Board had agreed to meet with Mr. Agustín Carstens and Ms. Lagarde for the post. The candidates met bilaterally with Executive Directors, as well as the Executive Board, during June 20-23, 2011. In these meetings, Mr. Carstens and Ms. Lagarde had the opportunity to present all relevant information concerning their specific candidacies.
Flashback 3/18/11: IMF Executive Board Completes Second Review Under Stand-By Arrangement with Iraq, Grants Waivers and Approves $471 Million Disbursement
Posted: June 15, 2011 in Iraqi Dinar/PoliticsTags: Board of Directors, Finance Minister, Finance Ministry, Financial services, International Monetary Fund, Iraq, SBA, Small Business Administration
The Currency Newshound Commentary:
Flashback to March 18, 2011: This document was released in March 2011 and mentions the revaluing of Iraqi currency. In March this document and specifically the wording on Page 37 of the full study was heavily discussed. The date “end-June 2011″ was used and identified as a structural benchmark. It was a great sign of things to come and is surely a date we hope will come to fruition. But keep in mind it is a “structural benchmark” which means more or less a goal for these events to occur. All we can do is pray these goals are in line and on time!
Link to original post: http://wp.me/pZC7o-6XF
Press Release No. 11/90
March 18, 2011
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Iraq’s economic performance under a program supported by a Stand-By Arrangement (SBA). Completion of the second review makes an additional SDR 297.1 million (about US$471.1 million) available for disbursement, bringing the total resources currently purchased by Iraq under the SBA to SDR 1.069 billion (about US$1.7 billion).
The Executive Board also approved a waiver of applicability of the end-December 2010 performance criteria on the central government fiscal deficit and on the central government spending bill, for which data is not yet available. The Executive Board furthermore approved an extension of the SBA by five months to July 2012, and a rephasing of access under the SBA to match disbursements with Iraq’s balance of payments financing needs.
The SBA was approved on February 24, 2010 (see Press Release No. 10/60) for SDR 2.38 billion (about US$3.77 billion). The SBA supported program aims to ensure macroeconomic stability and provide a framework for advancing structural reforms in Iraq.
CBI investigating Trade Bank of Iraq
Posted: June 9, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Beirut, Board of Directors, Commercial bank, Minister of State, Nouri al-Maliki, Politics of Iraq, Trade Bank of Iraq
CBI: Trade Bank of Iraq linked to the Council of Ministers
Date: Thursday, 09/06/2011 10:41
Baghdad (news) .. advisor said the Central Bank of the appearance of Mohammed Saleh, said that Trade Bank of Iraq is linked with Prime Minister Nuri al-Maliki, and procedures change the structure of the bank within the purview of the government. The statements made by media, revealed for the flight director of the Commercial Bank of Hussein Azri to Beirut, on the background charge Board of Directors of corruption by the al-Maliki.
Economist Opinion: the financial support required to resident banks by the Central
Posted: May 4, 2011 in Iraqi Dinar/PoliticsTags: bank, Board of Directors, Central Bank of Iraq, Central Bank of Myanmar, Finance Minister, Iraqi dinar, Market economy, Private bank
Expert: the financial support required to resident banks by the Central
Called for a distinction between bad and efficient, including
Banking expert said that the banking sector has declined significantly in the performance of the desired role in the development pursued by the country. He attributed the chairman of the Economy Bank for Investment and Finance Hussam Ali Obeid reasons for this decline to non-discrimination between successful banks and banks lagging.
Called for a distinction between bad and efficient, including
Posted: May 1, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, bank, Board of Directors, Central Bank of Iraq, Finance Ministry, Iraq, Iraqi dinar, Private bank
Expert: the financial support required to resident banks by the Central
Banking expert said that the banking sector has declined significantly in the performance of the desired role in the development pursued by the country. He attributed the chairman of the Economy Bank for Investment and Finance Hussam Ali Obeid reasons for this decline to non-discrimination between successful banks and banks lagging.
IMF Country Report – Iraq
Posted: March 31, 2011 in Iraqi Dinar/PoliticsTags: Board of Directors, Central Bank of Iraq, Economy of Iraq, International Monetary Fund, Iraq, middle east, SBA, Small Business Administration
Except from IMF Country Report regarding Article VIII: Page 39
14. Progress has been made in moving toward accepting the obligations of Article VIII, ections 2(a), 3, and 4, of the IMF’s Articles of Agreement. We have worked with IMF staff to complete the review of exchange laws and regulations and are considering measures to remove the identified exchange restrictions on current international transactions. We remain committed to avoid imposing any restrictions on the making of payments and transfers for current international transactions or introducing any multiple currency practices.
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INTERNATIONAL MONETARY FUND IRAQ
Second Review Under the Stand-By Arrangement, Requests for Waiver of Applicability, Extension of the Arrangement, and Rephasing of Access
Prepared by Middle East and Central Asia Department (In consultation with other departments) Approved by Alfred Kammer and David Marston
March 4, 2011 (more…)
AP/Yahoo: IMF skeptical of Iraq oil targets
Posted: March 28, 2011 in Iraqi Dinar/PoliticsTags: Board of Directors, Economic, Extraction of petroleum, International Monetary Fund, Iraq, middle east, Saudi Arabia, Small Business Administration
The International Monetary Fund Monday expressed doubts over Iraq’s ability to meet its long-term targets for oil production, currently the source of nearly 90 percent of government income.
The IMF said infrastructure constraints were likely to prevent Iraq from boosting production from 2.5 million barrels now to its goal of 13 million barrels by 2017 — more than oil king Saudi Arabia’s current production.
IMF Executive Board Completes Second Review Under Stand-By Arrangement with Iraq, Grants Waivers and Approves $471 Million Disbursement
Posted: March 18, 2011 in Iraqi Dinar/PoliticsTags: Board of Directors, Development Fund for Iraq, International Monetary Fund, Iraq, kuwait, middle east, Paris Club, United Nations Security Council resolution
Press Release No. 11/90
March 18, 2011
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Iraq’s economic performance under a program supported by a Stand-By Arrangement (SBA). Completion of the second review makes an additional SDR 297.1 million (about US$471.1 million) available for disbursement, bringing the total resources currently purchased by Iraq under the SBA to SDR 1.069 billion (about US$1.7 billion).
IMF Meeting: Iraq March 18
Posted: March 12, 2011 in Iraqi Dinar/PoliticsTags: Board of Directors, calendar, International Monetary Fund, Iraq, Meeting, middle east, Nokia, Warfare and Conflict
IMF Executive Board Calendar
As part of the Fund’s increased transparency, the tentative calendar of the formal meetings and seminars of the Executive Board for the next seven days is shown below.
Please note that the calendar is subject to change, and that the agenda for each meeting is typically finalized the day before the meeting. The calendar posted below contains the latest available information.
