Posts Tagged ‘Central Bank of Iraq’

12/19/2013 0:00

He said that banking reform lever economy

counting economic expert d. Akram Mohammed Hassan banking and financial sector one of the main factors of the transition from a centralized economy to a market economy, demanding the lifting of the restrictions that his movement, referring to the experiences of Eastern European countries in this field. (more…)

Specialists: the British Standard Chartered Bank opened a branch in Iraq would strengthen the banking sector and promote development of the country

09-09-2013 09:23 AM

Baghdad (News)/report/bahtik/… Exit Iraq from Chapter VII of the UN which was imposed by the United Nations since the 1990s to stimulate foreign companies and international banks, known as a discreet entrance to the Iraqi environment to work in.

Where Standard Chartered Bank expressed ‘ British ‘ who owns subsidiaries in different countries strong desire to open branches in Iraq, after having made a formal application. (more…)

2 translations

Detect Iraqi Central Bank Governor / Agency Abdul Basit Turki, Wednesday, that the stock of Iraq’s largest gold from the tally of foreign currency, confirming the assignment set of files of corruption at the central bank to the judiciary, adding that the exit from Chapter VII will allow us greater flexibility discretion, noting that the project raise zeros from the currency has been postponed for the time being. (more…)

Confirmed the parliamentary economic committee, on Monday, said that frozen Iraqi funds freed from the constraints imposed on them after the withdrawal of Iraq from Chapter VII, noting that these funds are found in various international banks, particularly the U.S., Britain and Switzerland, pointing out that they will use in the provision of infrastructure infrastructure and armament file, as revealed by observers from the possession of the

Central Bank of nearly $ 84 billion in global banks the government can not manipulate them. (more…)

2013-06-30

BAGHDAD / JD / .. Finance Committee revealed Iraq’s intention to set up committees to negotiate with creditors after emerging from Chapter VII

A member of the Finance Committee Abdul Hussein al-Yasiri told / JD /: that Iraq would emerge from Chapter VII and entry in Chapter VI will enable him to solve the issue of debt with individuals and companies through dialogue and the formation of committees to negotiate with all parties after the submission of documents is a fundamentalist. (more…)

After coming out of Chapter VII. 82 billion dollars from Central Bank

2013-06-29

Baghdad/JD/… Estimated funds which will be at the disposal of the Central Bank of Iraq after exit from Chapter 7 about $ 82 billion, amid warnings of Iraq’s creditors who are thirsty for such funds.

Member of Parliament MP Habib Terminal/JD/Agency: the size of the Iraqi funds to the Central Bank after the departure of Iraq from Chapter VII is estimated at $ 82 billion, which would provide cover for the dinar and contributes to the Uploader of the economic situation. (more…)

Prime Economic Media Center Dergham Mohammed Ali, the reasons for the decline in demand for gold buying locally to increase its price in the domestic market in spite of the low price in the global markets.

Unlikely affected by the low price on global central bank reserves of gold. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 20-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$) 283,204,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 283,204,000
Total offers for selling (US$) —–

Exchange rates

Screen Shot 2013-04-23 at 1.21.23 PMThe end of the seventh .. International smart card will be

04/23/2013

BAGHDAD / JD / .. company announced global smart card for activation of roaming service in conjunction with global mustard Card company for use outside of Iraq, starting this service confirmed the end of the seventh month of the current year.

The Managing Director of the company smart card Bahaa Abdel Hadi told / JD / company will activate the roaming service for the smart card in conjunction with mustard Card International for use outside Iraq, the end of the seventh month of the current year, explaining: Through this service will be able to card holders the (Key Card) Shopping outside and inside Iraq.

(more…)

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…)

The latest daily currency auction was held in the Central Bank of Iraq on the 20-Feb-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$) 156,999,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 156,999,000
Total offers for selling (US$) —–

Exchange rates

The latest daily currency auction was held in the Central Bank of Iraq on the 19-Feb-2013. The results were as follows:

DETAILS NOTES
Number of banks 20
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 134,315,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 134,315,000
Total offers for selling (US$) —–

Exchange rates

The latest daily currency auction was held in the Central Bank of Iraq on the 18-Feb-2013. The results were as follows:

DETAILS NOTES
Number of banks 22
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 104,183,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 104,183,000
Total offers for selling (US$) —–

Exchange rates

On: Wednesday 01/30/2013 07:46 pm

Iraqi economic expert said, “The current monetary policy pursued by the Central Bank of Iraq has led to a reduction in the value of the Iraqi dinar against the dollar, compared to what it was before the issuance of an arrest warrant former central bank governor Sinan al-Shabibi. (more…)

on 01/07/2013

BAGHDAD / Farah Asim al-Tai

Independent lawmaker Hassan said upper management of the Iraqi Central Bank by proxy is to fold cash for this institution and its strength and durability will be the strength of the Iraqi currency and have the weight of the fiscal balances.

The top of the newspaper “integrity electronic” For this reason, we note that the law gave the staff of the Central Bank of Iraq immunity similar immunity given to members of the House of Representatives while the ministers do not have the immunity of the staff of the Central Bank so as not to be held hostage emotions or side effects. (more…)

Original Date: 03/21/2012  

Updated: 12/09/2012

Last Update: 12/23/2012

A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one.

(more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 14-NOV-2012. The results were as follows:

DETAILS NOTES
Number of banks 24
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 228,522,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 228,522,000
Total offers for selling (US$) —–

Exchange rates

 

Where – 11/12/2012 – 12:37 pm

Accused independent MP in the House of Representatives Kazem Sayadi Head of the Liberal bloc of the Sadrist movement Bahaa al-Araji, and three MPs from his bloc with two deputies from the Iraqi List of involvement in money laundering operations in the central bank auction. (more…)

Announced the House of Representatives, Tuesday, announced the formation of a new committee to investigate the implications of the central bank, indicating that it will host the Director General of Taxation and Customs and Economic Newspaper officials and the central bank to discuss the issue. (more…)

Alsumaria News – 10/31/2012 -

The United States, Wednesday, support for the independence of the Central Bank of Iraq in accordance with the Iraqi constitution, expressed concern a reflection of the ongoing investigations with bank officials negatively on the bank’s relations with other international banks if you are not fair and transparent. (more…)

Date: 2012/03/03 08: 44: 35 Saturday

Baghdad (newsletter) … Former Congressman warned Hadi Al-Hasani, making the Central Bank auction to sell hard currency to private companies and the public because it would lead to financial corruption affects transparency.

He said Al-Hassani (News News Agency): the ECB to have recourse to withhold announcement of selling foreign currency opens because it will affect the transparency and integrity of the work of the Central Bank, but he can take to temporarily preserve the dinar and then returns open sale. (more…)

17/10/2012 – 11:52

considered leader of the coalition of state law, led by Prime Minister Nuri al-Maliki, Wednesday, that the advocates of the central bank are politicians Mentfon of Mzhadath and financiers of “terrorism”, accusing some politicians affected by the suspension of corruption in the bank to stand behind, as he emphasized that Committee set up by Parliament Speaker to investigate the bank’s policy includes the majority of the political blocs. (more…)

BAGHDAD – Network News Iraq: Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh had not been received any arrest warrant formal right, but heard about in the media, stressing at the same time that the report of financial control hands simple observations on the Bank’s work and there was no accusation of corruption. (more…)

15/10/2012 08:32
Confirmed the parliamentary committee on verification of the transactions of the Central Bank and the existence of documents and evidence against the central bank governor and a number of other powerful personalities where a banner to complete the procedures for questioning the central bank governor in parliament. (more…)

BAGHDAD / obelisk: launched in the Japanese capital Tokyo, Friday, the annual assembly of the IMF and the World Bank with the participation of the Central Bank of Iraq.

The governor of the Central Bank of Iraq Sinan Shabibi for “obelisk”, “The meeting is held with the participation of the Executive Director of the International Monetary Fund (IMF), Christine Lagarde and World Bank President Jim Yong, in addition to the 188 central banks worldwide.” (more…)

Program note - Iraq

Last Updated: October 5, 2012

Current Program Status:

Two-year Stand-By Arrangement (SBA) in the amount of SDR 2.38 billion (about US$3.8 billion), approved by the IMF’s Executive Board on February 24, 2010. The IMF’s Executive Board completed the first program review on October 1, 2010, and the second review on March 18, 2011, bringing the total resources currently available to Iraq under the arrangement to SDR 1069.56 million (about $1.7 billion). At the time of the second review, the program duration was extended by five months to July 2012, along with a rephasing of program disbursements based on a shift in financing needs from 2010 into 2011. (more…)

06-10-2012 12:35 PM

Description deputies and economic experts Iraqi decision of the Central Bank of Iraq fired dollar selling directly to citizens, with raising the ceiling of foreign remittances, the bold step and controversial, noting that it would use for the benefit of Syria and Iran. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 2-OCT-2012. The results were as follows:

DETAILS NOTES
Number of banks 25
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 225,499,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 225,499,000
Total offers for selling (US$) —–

Exchange rates

Dated: 08/15/2012 06:00:40 Wednesday

Baghdad (news) .. A member of the Economic Commission MP / National Alliance / Salman al-Moussawi, said the project to replace the currency after you delete the zeros of which does not help to support the national economy, but the project’s success depends on the strength of the economy and the stability of the local market.

Moussawi said (of the Agency news): You should think about how liberation of the national economy of unilateral rentier based on oil revenues to a robust economy based on different economic sectors before coming towards the implementation of an important project affects the economy of the country both in terms of positive or negative. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 7-AUG-2012. The results were as follows:

DETAILS NOTES
Number of banks 32
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 280,625,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 280,625,000
Total offers for selling (US$) —–

Exchange rates