Posts Tagged ‘CBI’

The decline of the dinar; And for exchange .. Back to back

Posted: May 20, 2013 in Iraqi Dinar/Politics
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Adel Abdul-Mahdi – 05/20/2013 – 8:45 PM |

Increasing demand and overcrowding on the green paper. The gap between supply and demand can accommodate an impressive 60 months ago 70 million dollars a day .. Vetoldt a black market and سعران of the exchange difference of 8 10%.

This is troubling us back to the policies of inflation and multiple exchange rates. Fajlav dinars “ranked match xerox” which turned not worth the paper worth .. And unforeseen tax paid by the citizens as a result of “inflationary Version”, the new dinar coin turning “difficult” value increased (20%) and more against the U.S. dollar (2004, 2012) .. (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…)

Iraq considers transfer DFI funds to the responsibility of CBI; Will likely seek another year of DFI protection by U.S.

Posted: May 8, 2013 in Iraqi Dinar/Politics
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Iraqi funds between several options .. I represent the extension of protection
Al-Sabah – 05/08/2013 – 1:28 pm

With the approach of the end of the period

at the time is approaching when Iraq from the expiry date of the protection fund Iraqi funds DFI of the Government of the United States, called specialists government officials to reconsider this issue and choose the most appropriate solution to end this file from a range of options notably the transfer of the remaining money in the fund to Iraq and the central bank to assume responsibility for payment of debt creditors. (more…)

Ministry of Finance Director: The security situation is not conducive to the deletion of zeros

Posted: April 29, 2013 in Iraqi Dinar/Politics
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| On 2013-04-29 |

Said Senior Director in the Ministry of Finance Najla Al-Alusi said the security situation now does not help to delete the zeros.

Said al-Alusi told the newspaper “integrity” Electronic “The central bank has a lot of experience when he changed the currency in 2004, there were currencies in the trading range of 4 trillion dinars is attributed to the central bank up to 8 trillion dinars, this is a dangerous المتخوف them enter fake money that go for the burn and burn it occurs stolen and returned to the Treasury. ” (more…)

CBI denies intention to delete the three zeros from currency; says “incorrect at the moment”

Posted: April 26, 2013 in Iraqi Dinar/Politics
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BAGHDAD / obelisk: CBI denied, Thursday, and reported on the media to restore the bank to restructure the Iraqi currency and deleting three zeros which, while stressed that the only reference to permit such things. (more…)

2 General Directors within CBI to be referred to Integrity Commission, says Shiheli

Posted: April 25, 2013 in Iraqi Dinar/Politics
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Thursday, 25 April 2013 09:22 | | |

Baghdad (AIN) –MP, Jawad al-Shiheli, of the Parlaimentary Integrity Committee announced that the Committee will refer two General Directors in the Central Bank of Iraq to the Integrity Commission over a case related to ten tons of stolen gold.

He stated to AIN “The recent statements of the two officials are considered as a proof that condemns them.” (more…)

CBI Governor met with US Fed Reserve officials in NYC during IMF Spring Meeting; Discuss renewing executive order to protect Iraqi deposits from creditors

Posted: April 22, 2013 in Iraqi Dinar/Politics
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Iraq discusses with the ‘central’ American renewal protect his money in foreign banks

22-04-2013 06:00 PM

Discussed the Iraqi Central Bank Governor Abdul Basit Turki in Washington, the protection of Iraqi funds and reserves of the Central Bank and the Development Fund for Iraq, with the U.S. Federal Reserve in New York.

The central bank said in a statement that the Turkish met with officials in the «Central» American in New York, on the sidelines of meetings of the IMF and the World Bank in Washington, DC, and discussed with them the issue of the protection of Iraqi funds and reserves, the Central Bank of Iraq and the Development Fund for Iraq and the technical issues other ». (more…)

Finance Committee Member: Development of retail payment system via “mobile phone” will facilitate financial transactions in the country

Posted: April 12, 2013 in Iraqi Dinar/Politics
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Baghdad (newsletter). Member of the Finance Committee, MP//Secretary Hadi, the importance of the development of banking and financial systems in the country for its contribution in promoting investment and the economy forward.

He said Hadi (News Agency): directed the CBI to develop retail payment system through the use of a ‘ mobile ‘ will facilitate trading and banking transactions, saying it is of modern technological systems of most countries of the world. (more…)

CBI calls for 30 international companies to develop the retail payment systems

Posted: April 2, 2013 in Iraqi Dinar/Politics
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Published on Tuesday, 02 April / April 2013 14:57

CBI announced, Tuesday, sent invitations to more than 30 international companies specialized in the development of retail payment systems for the development of the old regimes in place in Iraqi banks.

The statement said the bank got “obelisk” a copy of “in the quest CBI to develop the banking industry in Iraq and to add advanced tools in the area of ​​payments, the Central Bank announced the launch of the development of the payment system retail through the creation of divided national platform and reciprocity of payment via mobile” . (more…)

CBI Governor looking to develop relations with the French Central Bank (2 articles)

Posted: March 28, 2013 in Iraqi Dinar/Politics
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Published in: 12:53, March 27, 2013

BAGHDAD (Iba) .. Prime BSA federal and central bank governor Agency Abdul Basit Turki Saeed with Prime Economic Services Middle East Regional Minister Plenipotentiary at the Ministry of Finance French Dolajoger and Chairman of the Economic Section of the French Embassy in Baghdad Dennis if Vries prospects for the development deal between the two central banks Iraqi and French. (more…)

IMF Press Release: IMF Mission Concludes Article IV Discussions with Iraq; Provides Suggestions for Stronger Economy

Posted: March 22, 2013 in Iraqi Dinar/Politics
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IMFLogoPress Release No. 13/87
March 21, 2013

An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion.

(more…)

CBI Daily Currency Auction for March 3, 2013

Posted: March 3, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 3-Mar-2013. The results were as follows:

DETAILS NOTES
Number of banks 15
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 104,239,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 104,239,000
Total offers for selling (US$) —–

Exchange rates

Finance Committee Vice Chair praises CBI for working with international banks; Helps facilitate banking transactions and foreign currency transfers

Posted: February 28, 2013 in Iraqi Dinar/Politics
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Thursday, February 28, 2013
Parliamentary Finance: the need to take advantage of the expertise of international banks to support the banking sector

Praised Vice-Chairman of the Finance Committee MP Ahmed Faizullah, Bembagesat central bank with international banks to work in Iraq because it will facilitate the process of foreign currency remittances and develop the banking sector. (more…)

Deputy PM for Economic Affairs calls for tighter monitoring and protection of Iraqi funds abroad

Posted: February 27, 2013 in Iraqi Dinar/Politics
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Published on Tuesday, February 26 / February 2013 18:32

Deputy Prime Minister for Economic Affairs Rose Nuri Shaways, Tuesday, to tighten up the diplomatic and protect Iraqi funds abroad, noting that the policies of the former regime led to financial disputes large with many international companies and non-reliable practiced manipulation of the litigation lawsuit against the government and demanded fictional amounts of unlawfully . (more…)

Abdul Latif: Government has no right to borrow from the Bank reserves; Alfalh demanding the restoration of central bank money from the government

Posted: February 24, 2013 in Iraqi Dinar/Politics
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Date: Saturday 23/02/2013 07:59 pm

Surprised former MP Wael Abdul Latif told deputy state law on Alfalh which called on the government to restore central bank money that has been withdrawn from the bank in the form of advances.

Said Abdul Latif’s (citizen) said on Saturday that «permit MP Ali Alfalh about demanding the government retrieves amounts up to $ 36 billion taken from the central bank by the government in the form of advances not liquidated so far by Maakdth sources from within the central bank has raised surprised Landry Mahzh money is of central bank reserves? And when it was withdrawn? (more…)

Iraqi List: Iraq losses 509 IQD Billions in CBI’s auction

Posted: February 21, 2013 in Iraqi Dinar/Politics
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Thursday, 21 February 2013 15:20 | | |

Baghdad (AIN) –The Spokesperson of the Iraqiya Slate, Haider al-Mulla, stated that Iraq lost 509 IQD Billions in the auction of the Central Bank of Iraq in the last three months.

In a press conference held at the parliament building on Thursday, he said “The CBI has lost 509 IQD Billions from the last three months in its auction which means when the current head of the Financial Observation Divan, Abdul Basit Turki, received the chairmanship of the Divan.” (more…)

CBI looking with a number of foreign banks ways to expand Iraq

Posted: February 13, 2013 in Iraqi Dinar/Politics
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Published on Wednesday, February 13 / February 2013

Search governor of the Central Bank of Iraq, Wednesday, with a number of foreign banks ways to expand its work in Iraq.

A statement issued by the Central Bank got “obelisk” a copy of “The Iraqi Central Bank Governor Abdul Basit Turki met with representatives of banks Stannard Jartrd Development Bank International and Bank Melli Iran and discussed with them each separately applications expand to open branches in Iraq.” (more…)

Gov. Central Bank Iraq at UAB conference Baghdad (Video)

Posted: January 29, 2013 in Iraqi Dinar/Politics
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Submitted translation:

(more…)

Finance Committee hosted representatives from the CBI; Discuss banking laws

Posted: January 29, 2013 in Iraqi Dinar/Politics
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Monday January 28, 2013

Received MP Najiba Najib member of the Finance Committee on Monday, 28/1/2013, at the headquarters of the Commission and a delegation from the Iraqi Central Bank and government banks included Mr. Mustafa Ghalib scary Director of Legal Affairs at the CBI and Acanutormagd Mohammed Hassan Suri unit manager restructuring of government banks and Mr. Walid Idi Abdul Nabi, head of statistics and research at the Central Bank of Iraq. (more…)

Iraqi Government Seeks Control Over Central Bank

Posted: January 25, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-01-25 at 9.22.52 AMNote:  As of this week Mohammed Saleh has been released from prison

Posted on Jan 21 2013 03:47

“Iraqi activists and journalists have tried to exert pressure on the authorities in Baghdad to release Mudher Mohammed Saleh, deputy governor of the Central Bank of Iraq (CBI) after he was arrested on charges of embezzlement of public funds.Saleh, who has a PhD in economics from an American university, has been detained for over a month and a half at a police station in central Baghdad. The 65-year-old professor of economics at the University of Baghdad voluntarily turned himself in to Iraqi authorities after an arrest warrant was issued against him. (more…)

CBI calls for Warka Bank to deposit 200 billion dinars in order to avoid liquidation

Posted: December 31, 2012 in Iraqi Dinar/Politics
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BAGHDAD – babysit – the face of the Iraqi Central Bank issued an ultimatum to the Warka Bank for the payment of the amount agreed upon deposit of 200 billion dinars.

A statement of the Central Bank that the payment deadline expires today and according to what has been agreed
upon in the eleventh of this month, otherwise, the bank will take the necessary measures to eliminate him. (more…)

Summer session of the dollar in the Iraqi market

Posted: December 29, 2012 in Iraqi Dinar/Politics
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Mahdi Rahim

Hard currency in the sense dollar term trading day in political and parliamentary circles all economic and even a word fired on the dollar during the Second World War and then to Iraq’s presence in the sterling bloc, making access to the dollar coupled with specialization those of the dollar bloc of Iraq.

Now, after the opening of the global currency markets and the free flow of different currencies is no longer for this meaning of Title, Fbalamkan convert sterling to dollars in any amount, as well as the case with the euro and other currencies within minutes. (more…)

CBI: Authorize the Governor of the Bank to reduce the exchange rate to enhance the value of the Iraqi dinar

Posted: December 11, 2012 in Iraqi Dinar/Politics
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11/12/2012 03:18
Revealed the CBI for authorization bank governor validity devalue in order to enhance the value of the Iraqi dinar. (more…)

World Bank to investigate CBI; Shabibi allegations a sovereign Iraqi issue

Posted: December 9, 2012 in Iraqi Dinar/Politics
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12/08/2012 (23:00 pm)
The World Bank’s (range): Shabibi professional and competent nor central authority only to Iraq’s parliament

The World Bank said, on Saturday, he was sending a “technical committee” to evaluate the work of the Central Bank of Iraq, and stressed the importance of the independence of the Central confirmed that he is accountable to the parliament has nothing to do with the government of Iraq.

(more…)

CBI Daily Currency Auction for Nov 26, 2012

Posted: November 26, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 26-NOV-2012. The results were as follows:

DETAILS NOTES
Number of banks 21
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 139,444,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 139,444,000
Total offers for selling (US$) —–

Exchange rates

Problems at CBI to harm foreign investments, says Najeeb

Posted: November 19, 2012 in Iraqi Dinar/Politics
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Monday, 19 November 2012 13:39 | | |

Baghdad (AIN) -MP Najiba Najeeb, member of the Parliamentary Finance Committee stressed that the recent problems at the Central Bank of Iraq will affect the investment sector in the country. (more…)

Financial Supervision Office reveals financial violations in daily auction of CBI

Posted: November 8, 2012 in Iraqi Dinar/Politics
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Wednesday, 07 November 2012 11:50 | | |

Baghdad (AIN) -A report by the Financial Supervision Office revealed the results of the oversight and scrutiny on the activities of the foreign currency auction since the start of 2012 till 30th of last August which confirmed the existence of administrative and financial irregularities in the banking transactions in the foreign currency auction at the Central Bank of Iraq. (more…)

Financial expert: delaying the replacement currency will reflect positively to the process of disarmament of zeros from the new currency

Posted: November 2, 2012 in Iraqi Dinar/Politics
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2012-11-01 22:09:21

BAGHDAD (Iba) .. financial expert said Mohammed al-Samarrai, the latest security measures for the central bank will delay the implementation of the project to delete the zeros until after 2013, pointing out: that the delay will pave the way for the currency switch demilitarized zeroes smoothly and regularly. (more…)

Committee member: Failure to release CBI auction results could affect economic reputation, regionally and globally

Posted: October 25, 2012 in Iraqi Dinar/Politics
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Thursday, November 25 1 / Okrudolf 2012 13:23

Counting decision of the Economic Committee in the House of Representatives failure to communicate the central bank auction that will affect the reputation of Iraq’s economic, adding that “no declaration of auction raises concerns because the customer at the bank must have known and have supporting documents.” (more…)

Kurdish Representative: Nominating Turki as CBI’s Governor is against Iraq’s interest; Quick decision due to upcoming holiday

Posted: October 18, 2012 in Iraqi Dinar/Politics
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Wednesday, 17 October 2012 16:20 | | |

Baghdad (AIN) –MP, Mahma Khalil, of the Kurdistani Alliance, stated “Nominating head of the Financial Supervision Department, Abdul Basit Turki, to run the Central Bank of Iraq, against the interest of Iraq and intended decision due to the holiday of the parliament.” (more…)

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