Posts Tagged ‘Central Bank Iraq’

12/26/2013

Still citizens waiting to start implementing the project to delete the zeros of the Iraqi dinar for several reasons, perhaps the most important of which is the security aspect in the interaction between individuals, as many traders dealing in dollars for the lack of size of the money supply, compared to the Iraqi currency. (more…)

Accepting deposits in BIS achieve the benefit of Iraq

12/26/2013 0:00

One indicator of his return to the focus of attention of the world

The economist said the appearance of Dr. Mohammed Saleh, said that the Bank of International Settlements, accept deposits from Iraq will benefit the country through capital investment projects, financial investments. Was the Bank for International Settlements (BIS) which is an acronym for the Bank for International Settlements)) may feel the CBI Sunday past, his willingness to accept deposits Iraq for Fiscal Year 2014. Saleh added in a statement to the (morning) that this measure would provide service to the country’s economy through the BIS financial investments ongoing interest rate or interest-free and by currency, whether in euro or the dollar or other currencies . investment reserves (more…)

Screen Shot 2013-12-22 at 7.27.32 AMExpressed the Bank for International Settlements, on Sunday, his willingness to accept more deposits Iraq has within the budget of the bank for the year 2014.

According to a statement of the Central Bank, that “the Iraqi Central Bank has received notice from the Bank for International Settlements in Basel, in which he expressed his willingness to accept more deposits Iraq has within the budget of the BIS in 2014.”

He added that “the implementation of this measure will contribute to achieving better returns to Iraq with money to keep them in safe places, too.”

The BIS is an international organization of central banks to strengthen financial cooperation and Altmolini global and act as a bank for central banks not subject to accountability to state government. (more…)

Member of the Committee expected the economy and investment representative Aziz Sharif al-mayahi project raise zeros from the local currency early 2015.

The Central Bank of Iraq more than two years studying the issue of lifting the zeros of the Iraqi currency but until now did not take firm decision on this matter. (more…)

Friday, 20 December / 1 December 2013

Urged the Economic Committee in the House of Representatives stakeholders from the central bank and security departments, placed on attention to counterfeiting because of their negative effects on the country’s economy, as an economist downplayed the significance of it being very limited.

A member of the Economic Commission MP Amer Al-Fayez, warned of the seriousness of the impact of counterfeiting on the economy of the country, noting that the security situation is stable and the border is controlled entirely contributed to finding this matter. (more…)

Attract investments and foreign banks for the country
12/17/2013

Iraqi Central Bank announced on Tuesday, for the organization (the Second Annual Conference of the financial sector in Iraq), the end of January 2014 the next in the Emirate of Dubai, in line with the growing strength of the growth of economic development in the country, noting that the conference aims to display his strategy for financial and economic development, and attracting investments and foreign banks for the country, while a bank official confirmed the British, on the importance of the creation of “comprehensive development” of infrastructure finance and banking to prop up the Iraqi economy, “a large and ambitious development process.” (more…)

Migrate project to delete the zeros to the next government

Parliamentary Finance Committee confirmed the deportation of the project to delete the zeros from the national currency to Iraqi custody next year, any new government after the elections, and said that the implementation date will remain postponed until now. (more…)

Delete the zeros .. Eliminate fraud and to support the national economy

Continuous attempts to reach a final agreement between the parties that hold the reins of financial matters in the country in regards to the process of deletion of zeros from the Iraqi currency, which is much talk about since approximately two years, but the issue is exposed each time to criticism and rejection of before parties may be controlling the flow of currency in the country, but the CBI Boukbraúh seeks to resolving the issue and come to a good investigator for the hopes of not disappointing to the aspirations of the people who always sought to avoid entering into economic crises Other may Tnhechm. (more…)

Economists: the present time is not suitable to replace the Iraqi currency

after preparations long it took 5 years for the process to delete the zeros and replace the Iraqi currency came today to announce the central bank to stop these measures and postponed to another slogan for many reasons hindered the march of the central bank in the removal of three zeroes, bankers said (citizen) .. that the present time is suitable for the replacement of the currency and favored the postponement of the project to the time of the restoration of security in Iraq. (more…)

11-12-2013 08:19 AM
Baghdad (newsletter). Commission on the economy and investment, the importance of global banks to open branches in Iraq to create a competitive atmosphere among local and foreign banks to provide better banking services.

The Rapporteur of the Committee, said MP/Kurdish Alliance/mahma Khalil (News Agency): the Iraqi banking sector is still lagging behind developments in global banks, therefore bringing global banks discreet to open branches in Iraq will work primarily to broadcast culture and identify the most important technologies involved in banking, which will spur local banks to develop their work. (more…)

For fear of confusing the Iraqi market .. Central Bank of retreating from the deletion of zeros and the issuance of a new currency

Stressed the central bank, yesterday, his inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market.

As confirmed by a parliamentary committee that it “supports the decision of the bank, which was taken in consultation with the Council of Ministers,” to protect the stability of the Iraqi market. (more…)

CBI Confirms Its Inability To Delete The Zeros Of The Iraqi Currency

December 8, 2013
Baghdad: Iraq News Network – The Central Bank of inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market. (more…)

Economic criticizing the central bank to print Banknotes is solid
04/12/2013 10:50
BAGHDAD / Source News / .. Economic expert criticized Jalal teller, Wednesday, the central bank to print banknotes is solid or solid, although it is printed in Britain.

He told the teller / Source News / “The current currency Almtdolh is solid or solid even though it is printed in Britain and the Central Bank of Iraq is responsible for that.” (more…)

05-12-2013 10:00 AM

Baghdad (news) .. Said economic expert Dargham Muhammad Ali, to the present time appropriate for the application of the project to delete the three zeroes from the Iraqi currency, the fact that the exchange rate of the dinar relatively stable during the current period. (more…)

IPO, “National Bank of Iraq,” to raise capital
December 5, 2013 13:19

National Bank of Iraq (BNOI)
Next Monday .. IPO (more…)

Deputy for the citizen: raise zeros reflects the image of the development of the Iraqi economy

December 3, 2013,

A member of the parliamentary Economic Committee Abdul-Hussein Abtan said Tuesday that the “lifting of zeros from the Iraqi currency will not affect the economy, but it will reflect the evolution of the economy and the ability of Iraq cash. (more…)

04/12/2013 14:12:00
Baghdad/ NINA /–The governor by interim of the Central Bank of Iraq Abdel Basset Turki discussed with Italian Ambassador Massimo Maruti the fields of economic cooperation and aspects of banking business development.

(more…)

On December 4, 2013

Amman: Iraq News Network – to coincide with the entry of the United Bank for Investment twentieth year in the Financial Action Task Force and the banking and the culmination of his activities and his outstanding efforts in establishing the rules of transparency pursued by the performance and mutations great achievements in the development of his work and its potential and intention sincere in contributing to the support and financing of economic development in all sectors (more…)

Editor: NF, RS 12.03.2013 17:41

Criticized a number of owners of companies banking financial, Tuesday, crackdown that followed the central bank and the routine which controls procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions, and while stressed that the CBI lacks regulations in its dealings, pointed out that what puts the bank of instructions and controls “and the harsh injustice.” (more…)

Economists: the need to issue coins for small groups

PM: 12:20:02 / 12/2013

Suffering of the Iraqi street of the scarcity of the currency of a small category (250, 500 and 1000) dinars, and found it undamaged and Mthtrh, and became citizens upset of used and especially the owners of taxis and commercial markets, but they accepted the deal out to preserve the continuation of their work flow. (more…)

02/12/2013 15:37

Banks entered the global and Arabic, despite the circumstances to the Iraqi market to invest and operate Pkuadrha local, Arab and foreign, as it was unable to security incidents experienced by the country of suspended life, but escalated the opening of these banks, whether in Baghdad or the provinces, which led to a boom in economic activity and easy movement capital to invest. (more…)

Sunday, 01 November / 1 December 2013 07:05

According to statistics prepared by all of Iraq [where] that dollar sales at the central bank auction last month rose in November for auction sales in October.

Amounted to dollar sales in the month of November 3 billion and 803.691 million compared to $ two billion and 191 million and 456 000 dollars in October while sales were during the month of September 5 billion and 275 million and 645 000 dollars in the month of August 4 billion and 563 million and 751 000 dollars. (more…)

28-11-2013 09:24 PM
Baghdad (newsletter). The Iraqi Central Bank announced the approval of the financial action group for the Middle East and North Africa on money laundering offences and the financing of terrorism held a meeting in Iraq. (more…)

- NOVEMBER 28, 2013
BAGHDAD – Eastern November 28: The governor of the Iraqi Central Bank acting Abdel Basset Turki he did not commit any violation of the law assuming the agency’s central bank in addition to his duties as president of the Board of Supreme Audit. (more…)

27/11/2013 – 18:38

stressed the Iraqi Central Bank, on Wednesday, the need to open all the foreign banks branches in Baghdad first, calling Bank Standard Jartrd British to be done qualitatively different from the rest of the foreign banks, as he emphasized the need for Iraq to change the mechanisms of action of banking it. (more…)

27/11/2013 16:28

Iraqi Central Bank announced Wednesday, it will allow companies to broker the sale and purchase of foreign currency to enter the daily currency auction.

The relationship manager in the bank in favor of Mahood’s “Tomorrow’s Press,” said that “companies to broker the sale and purchase of foreign currency would be allowed to enter the daily currency auction through any bank operating in Iraq,” adding that “such a decision that opens up a large and important for domestic banks on the one hand and corporate financial intermediation on the other hand the freedom of action. ” (more…)

Central Bank denies smuggling 800 million dollars a week to the Swiss bank confirms: This information is source-Hashemi

27/11/2013 12:34
He denied the Iraqi Central Bank, on Wednesday, the existence of smuggling weekly from inside Iraq to the Swiss banks, and confirmed that the statements Relations Committee Chairman European with Iraq on this subject “baseless and taken from the former Vice-President and sentenced to death Tareq al-Hashemi.” (more…)

Tuesday, November 26th, 2013
The Governor of the Central Bank of Iraq acting Abdel Basset Turki, all efforts to radically change the laws in the banking sector, under the guidance of the International Monetary Fund, stressing that «the new laws that advance economic reality». (more…)

The economist said the appearance of Mohammed Saleh, said that calls for amending the Law on the Central Bank of the table by the bank six years ago, noting that “the Banking Act current No. 94 of 2004 for commercial banking, and we do not have the law of investment banking for the purposes of development.”

and called for an economist appearance of Mohammed Saleh in contact with the (term), “banks that possess activities real agricultural, industrial or service and be king and operated for the benefit of the bank, and can buy the shares by more than 20% of the capital of the bank without the right to control the management and direction of investment, because the banks have financial surpluses Large and development of the country is Off not true that it is shutting down the investment window because of the nature of the law. ” (more…)

Central bank: zeros from the currency will not raise the lack of “appropriate circumstance”

Called on the Central Bank of Iraq, on Sunday, to “revisit” the laws of the banks and the Central Bank and the fight against money laundering, and attributed the cause to “address the problematic lack of challenge of the activity of banks and the World Bank in the management of the economy”, and pointed out that the zeros “will not lift from the Iraqi currency now for not suitable circumstance. “

The central bank governor said Abdel Basset Turki said in an interview for a number of media, on the sidelines of a workshop on the proposals to amend the Banking Act and the law of the Iraqi Central Bank and Amla, hosted by the bank in the Palestine Hotel in central Baghdad, said that “the importance of this workshop, which is held for the first time , is to review the laws written in exceptional circumstances and in an exceptional manner for nearly ten years and there are a number of comments made by the banks, “hoping that” all deficiencies are addressed. “

The Turkish that “country always needs to be new legislation and we have to think about legislation lasts for a long time to pay for greater stability and meet the requirements of development,” stressing the need to “rethink the laws of the three not only the laws of the banks, but Bank Law also the law against money laundering,” explaining that “The importance of the problematic address all deficiencies that limit the activity of banks and at the same time its developmental role in addition to the Central Bank’s role in the management of the economy.”

The central bank governor [said] that “the lifting of zeros from the Iraqi currency until now not on the cards because the envelope is not suitable justifications and still continue not to delete the list,” adding, “But when the central bank will decide to announce this matter.”

He continued Turkish “We have decided to exclude banks that have not a capital of 250 billion dinars, the central bank auction,” pointing out that “some banks embarked invite the General Assembly to raise its capital.”

Turki added that “the number of those banks does not exceed 5 banks and these exclusions are not immediate and final decisions,” asserting that “some banks made a pledge to raise its capital to 400 billion.” The CBI said on Sunday, seeking to amend the banking laws, including the proportional and the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that go to play the developmental role of the Iraqi economy. The Iraqi Central Bank revealed, on Sunday, the arrival of the foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a “source of pride” for the Iraqis.

The Iraqi Central Bank revealed, earlier, his intention version Coins categories of small, indicating that those currencies, which may be issued sometime in the next year, will be written in Arabic and Kurdish, confirming the existence of a proposal for the issuance of Banknotes large value of fifty thousand dinars .

It is noteworthy that the Iraqi Central Bank was established as a bank independent under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies. Finished / 3
Updated: 25/11/2013 16:00

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