Posts Tagged ‘Debt’

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
Tags: , , , , , ,

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…)

It is time to close the file of Iraq’s debt

Posted: July 9, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

07.09.2012 0:00

several years ago has invested thousands of retired Italian treasury bonds of Argentina, which used to give high yields when compared with its counterpart European and American, but with the collapse of the Argentine economy and the arrival of the country to the brink of bankruptcy stopped Argentina for the payment of any proceeds of the bonds, treasury and even refused to compensate those retirees from those bonds that are not worth the paper printed Balkwyta told them «Control your from rubble» Voloyatem was going to maintain the minimum elements of Argentine economy, stepped in the Italian government through the means available to diplomacy but without interest and almost poor people give up without an offer from Company Debt collection U.S. offered (more…)

Parliamentary term: pay for investment companies will lead to the accumulation of debt on Iraq

Posted: July 4, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Date: Wednesday, 04-07-2012 01: 00 pm

Baghdad (News) … Member Services Committee stressed and ages MP//National Alliance as Sushant, need to vote on law infrastructure and work to pay for investment firms, indicating that payment term companies will not lead to the accumulation of debt on Iraq.

She said al-Musawi (News Agency news) on Wednesday: that infrastructure reconstruction in Iraq will serve the movement, to all members of Parliament vote, stating that the law would not lead to debt accumulation on the country, noting that the payment term is best taken in more States. (more…)

Finance committee is formed to end the file of government debt

Posted: June 23, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

06/23/2012 0:00

Ministry of Finance announced it has formed a higher committee to resolve the internal file trade creditors. He said Undersecretary Fadel Prophet’s (Center Brief for the Iraqi Media Network) that “the ministry formed a committee from the Department of Public Debt and Legal Consultative Committee, the Board of Audit to facilitate the exchange of internal debt of the ministries and government bodies.” (more…)

CBI: Middle of next year will resolve Iraq’s debt profile

Posted: June 6, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Ali Salman – 05/06/2012 PM

Announced that the Central Bank of Iraq the end of June of next year will determine all debts owed by Iraq and to know her exact amounts.

The deputy governor of Bank of the appearance of Mohammed Saleh, said that it is unreasonable and unacceptable to continue to claim the extension of protection to Iraqi funds abroad, where the middle of next year will see the resolution of this file completely. ” (more…)

Economic Committee Member: Iraqi funds deposited abroad may be exposed to the threat because of non-payment of debt for companies

Posted: May 10, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

A member of the parliamentary Economic Committee and the National Alliance MP Hussein Almrobei “The Iraqi funds deposited abroad may be exposed to the threat again because of non-payment of debt for companies.

He called Almrobei in a statement singled out by the reporter and the news agency News (brother): Ministry of Finance revealed a comprehensive Stkadim Iraq debt payable to the views of foreign governments, whether or companies that have not been settled. (more…)

Member of Economic Commission: Comprehensive mechanism calculated to pay off the debts of Iraq without their impact on the state budget

Posted: March 12, 2012 in Iraqi Dinar/Politics, Top Headlines
Tags: , , , , , , ,

Date: Monday 12/3/2012 9:48

Baghdad (news) .. called a member of the Economic Commission deputy / Kurdistan Alliance bloc / Mahma Khalil to the need to develop a new mechanism for the payment of Iraqi debts outstanding foreign without impact on the state budget, to avoid the sanctions that the Iraqi economy.

Khalil (of the Agency news) today Monday should be a new mechanism based on a scientific basis and economical way to pay off the debts Iraq’s foreign implications, so as not to affect the general budget and the Iraqi economy, being a yield unilaterally dependent on oil revenues. (more…)

53 MPs call to question the Minister of Finance and CBI Governor to clarify country’s debt

Posted: March 11, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Saturday, March 10, 2012

A number of members of the House a request to question the Minister of Finance and Central Bank Governor to clarify the issue of Iraq’s debt business. (more…)

Algeria cancels Iraq’s debt, estimated at $ 401 million

Posted: September 20, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

BAGHDAD – Babinaoz: detect Iraq’s ambassador to Algeria, Uday goodness of God that the Algerian government formally notified of their Iraqi counterparts to cancel all of Iraq’s debt estimated at more than $ 400 million.

The goodness of God in a statement to the newspaper,”the news”that he had received correspondence from the Algerian government official notification to clear all of Iraq’s debt to Algeria, which were estimated at more than $ 400 million, representing amounts owed and the benefits of it, as well as fines for delay in
payment.

(more…)

Iraq decides to pay debt of $400 million for the wages of Egyptian workers

Posted: August 23, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Baghdad, August 23 / August (Rn) – The Iraqi Ministry of Finance of the Federal, Tuesday, they decided to pay the debts of Egyptian workers and $ 400 million.

A spokesman for the ministry Zaid Zamel told the Kurdish news agency (Rn) that “the Ministry of Finance decided to pay the debts of the Egyptian labor and $ 400 million because they do not conflict with the Paris Club agreement.”

And shape at the beginning of August the Iraqi / August finance committee and legal resolving the debt problem of Egyptian workers.

(more…)

Iraq’s public debt a popular investment

Posted: August 4, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

August 4 2011

Iraq’s public debt loans are becoming increasingly popular among hedge fund managers and wealth fund managers as the country’s economic outlook and political landscape improves, Exotix said yesterday.

The Paris Club agreement was set up in 2004 to restructure Iraq’s pre-Saddam era public debt of US$37 billion, of which creditors agreed to cancel 80 per cent, while the remaining $7.4 bn was rescheduled into a series of loans denominated in several currencies.

“Some of the loans which were held by governments around the world have been sold at their market price to secondary markets,” said Gabriel Stern, a senior economist at Exotix, the investment bank based in London. “The investors are ones who can afford to be in an illiquid instrument, which trade every couple of weeks,” he said. Mr Stern has a “buy” rating on the loans.

(more…)

Bloomberg: US Retains AAA Credit Rating; Moody’s Warns of Possible Downgrades

Posted: August 3, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Moody’s Affirms U.S. Rating, Warns of Downgrades

Moody’s Investors Service and Fitch Ratings affirmed their AAA credit ratings for the U.S. while warning that downgrades were possible if lawmakers fail to enact debt reduction measures and the economy weakens.

The outlook for the U.S. grade is now negative, Moody’s said in a statement yesterday after President Barack Obama signed into law a plan to lift the nation’s borrowing limit and cut spending following months of wrangling between Democratic leaders and Republican lawmakers.

Read More: http://www.bloomberg.com/news/2011-08-02/u-s-aaa-rating-faces-moody-s-downgrade-on-debt-economic-slowdown-concern.html

Algeria Cancels Iraq’s Debt

Posted: July 27, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Official sources confirmed that the Algerian government decided to cancel Iraq’s debt, according to reports from Eye Media.

The amount of the debt was not specified.

According to media sources in Baghdad, the Iraqi foreign minister, Hoshyar Zebari, received a letter from the Minister for Foreign Affairs of Algeria, Mourad Medelci, informing him of the cancellation all Iraqi debts to Algeria.

(Source: Eye Media)

http://bit.ly/rbOLsR

Oil prices fall as United States delays payment of debt

Posted: July 25, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Oil falls to $ United States due to the delay in the payment of debt

PUKmedia for Reuters 07/25/2011 13:46:49

Hovered futures prices for oil near U.S. $ 117.70 a barrel after declining nearly $ stalled talks, the U.S. Congress over the weekend, making investors away from assets that volatile and high-risk Monday.

And overshadowed by fears of the possibility of reducing the credit rating of the United States or failure to pay debts on optimism about economic growth after the price of Brent crude oil jumped above $ 118 a barrel after reaching a tentative solution to the debt crisis of the euro area.

(more…)

Bloomberg: S&P Would Cut U.S. to D Rating on Default

Posted: June 30, 2011 in US Economy
Tags: , , , , , , ,
0

Standard & Poor’s would cut the U.S. credit rating to its lowest level and Moody’s Investors Service said it will probably reduce its ranking if the government fails to increase the debt limit, leading to a default.

S&P would lower its sovereign top-level AAA ranking to D, the last rung on its scale if the U.S. can’t pay its debt, John Chambers, chairman of the company’s sovereign rating committee, said today. Moody’s said it would probably assign a position in the Aa range, or within three steps of its highest level.

Read More: http://www.bloomberg.com/news/2011-06-29/moody-s-would-likely-cut-u-s-debt-rating-to-aa-range-in-event-of-default.html

CBI Adviser Saleh: Iraq Did Not Request the Extension of International Protection of Assets

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

In a statement issued by his Office called alngivi during a meeting with the Office of financial supervision need to provide the necessary protection of Iraqi funds in the Security Council decide to lift the protection.

Iraqi Central Bank Adviser Mohammed Saleh, the appearance of the Security Council passed a resolution to end the Iraqi funds protection end of June, and this requires Iraq to submit a report to the Security Council in early May which shows next which will protect the property mechanism.

(more…)

Minister of Electricity: More that 4 years of citizen debts could be extinguished; Needs parliament approval

Posted: April 7, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Electricity: off debt owed by the citizens need the decision of the Council of Ministers

Baghdad (news) .. The ministry said that the extinguishing the debt owed to citizens by the withholding of the amount of wages for electricity during the past few years needs to be a decision of the Council of Ministers.

An official source at the ministry, (the Agency’s news), to extinguish the debt for the citizens and the amount of Aktrmen 500 billion dinars owed as debt owed to it by citizens and governmental institutions from the jurisdiction of the Council of Ministers can ask the ministry to turn off this debt.

(more…)

Iraq’s Minister of Planning and CBI discuss Iraq’s Debt

Posted: January 26, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Planning and the central bank were discussing a mechanism to address Iraq’s debt

Minister of Planning and Research Agency with Nassar al-Rubaie of the Iraqi Central Bank Governor Sinan al-Shabibi a mechanism to address the accumulated debt of Iraq.

A statement from the Ministry of Planning Wednesday that al-Rubaie met with Iraqi Central Bank Governor Sinan al-Shabibi his office in the ministry’s headquarters in Baghdad.
(more…)

Call to Reschedule Iraq’s Debt

Posted: December 27, 2010 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Following Iraq’s exit last week from the UN’s Chapter VII restrictions, an Iraqi economist has called for a rescheduling of the country’s debt repayments.

“Iraq’s financial funds are under UN trusteeship, according to UN’s Article 7,” Dr. Nabil Jaafar of Basra Univesity told news agency, pointing out that “the official and private debtors would activate their demands to force Iraq pay back its debts, thing that necessitates its scheduling of the debts,” warning that such development “would cause a real problem, due to the increase of such payments.”

(more…)