Posts Tagged ‘economy’

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…)

Negotiations on Iraq’s accession to the WTO are going well; Expects to join in 2016

Posted: May 15, 2013 in Iraqi Dinar/Politics
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World Trade Organization

Ministry of Commerce revealed that “2016 will see the completion of the procedures for Iraq’s accession to the World Trade Organization (WTO)”.

The Director of the Department of Foreign Economic Relations and Trade Ministry Hashim Mohammed Hatem said “the negotiations with the World Trade Organization are going well to complete the conditions of accession to this international institution.” (more…)

The current session of Parliament did not succeed in passing important economic laws

Posted: May 14, 2013 in Iraqi Dinar/Politics
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Range – 05/14/2013

See parliamentarians specialists in economic affairs that the current parliament did not succeed in passing laws important economic, pointing out that the parliamentary session is nearing completion and the percentage of pass laws entrusted to him did not exceed half.

said a member of the Oil and Energy Committee National Alliance MP Furat Mohsen al-Shara that “the laws economic task upon which the country’s economy as law of oil and gas, mostly did not recognize due to the worsening political problems. ” (more…)

Economist calls for the adoption of the oil and gas reserve of the Central Bank economist

Posted: May 12, 2013 in Iraqi Dinar/Politics
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May 11, 2013, 1:43 pm
Economic expert called on behalf of Jamil Antoine, on Saturday, the central bank to adopt oil and gas Kkhozan the reserves instead of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country. (more…)

Iraq has the potential to transition to a market economy, says Iraq Securities Chairman

Posted: May 11, 2013 in Iraqi Dinar/Politics
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11/05/2013 12:00 AM

The Chairman of the Securities Commission to the importance of turning the family business into joint-stock companies and the creation of an entity larger able to compete and diversify the productive base and make alliances strategy and achieve competitive advantage of economy of scale and thus reduce costs. (more…)

Iraq is approaching from the global economic blocs; Iraq is calling on specialists and experts to help aid Iraq’s accession to the WTO

Posted: May 6, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-03-04 at 11.21.18 AM

 

Al-Sabah – 05/06/2013 – 12:59

 

with Iraq near economic blocs World by subscribing to the competent international organizations to trade and support the orientations of the transition to a free market,

 

increased calls for specialists and experts to pass laws to help organize institutional work, which still depends legislation old has attributed a researcher at the Economic Affairs reasons for the delay Iraq’s accession to the WTO to fear of developing countries, including Iraq’s foot on the application of the requirements to join leaving a negative impact on the economy and led to cases of recession, unemployment and a shortage of state revenue. (more…)

Economist: political problems caused large losses for the Iraqi economy

Posted: April 28, 2013 in Iraqi Dinar/Politics
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28-04-2013 07:36 AM

Baghdad (newsletter). Warned Economist Abdul Sattar Al-Hashemi, of wheel stops the economy as a result of the continuing political problems and popular demonstrations of some provinces, because they were great economic losses to the country.

He said al-Hashimi (News Agency): that political differences among the parliamentary blocs and sit-ins for some provinces directly affected the economy and the advent of global investment firms. (more…)

Parliament receives the amended version of the law of customs tariff

Posted: April 25, 2013 in Iraqi Dinar/Politics
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Member of the Committee announced the economy and investment in the House of Representatives Noura Bijari, the amendment of the Tariff Act by the federal government and sent to the Parliamentary Committee on the economy to be discussed and passed in the House of Representatives in the coming days.

She informed Bijari Agency (news): all make adjustments to certain paragraphs of tariff law by the federal government, and handed him over to the House of Representatives to be discussed thoroughly by the competent committees after the holiday parliamentary elections, to be submitted to the Presidency of the Council for the purpose of voting. (more…)

Economic Committee Member: Iraqi national economy is still far from free market economy policy; Needs legislation, laws, and govt measures

Posted: April 25, 2013 in Iraqi Dinar/Politics
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25-04-2013 10:29 AM

Baghdad (newsletter). According to economy and Investment Committee member of iraqiya MP//Qusay Juma, that the national economy needs the legislation package of important laws and the issuance of new Government measures to act in accordance with the free market policy. (more…)

Economic Committee Member calls for attracting migrant domestic capital investment within the country

Posted: April 21, 2013 in Iraqi Dinar/Politics
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10:58 04/21/2013

Agencies – called a member of the Committee on the economy and investment MP for the coalition in Iraq Qusay F, the need to grant privileges for high local and investor preference for foreign encouraged to invest in the country.

Gomaa said in a press statement that “the Iraqi investors preferred to invest outside the country despite the availability of economic fundamentals within the country, but due to some constraints that displays his work in Iraq make it migrates to other countries and invest significant funds. (more…)

Economist: WTO [membership] will enhance Iraq’s relationship with major industrial countries

Posted: April 19, 2013 in Iraqi Dinar/Politics
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19-04-2013 12:15 PM

Baghdad (newsletter). The Economist stressed Ismail Radi, Iraq should be sought to join the World Trade Organization of its features help support economic sectors of the country, close to Iraq with the major developed countries.

He said content (News Agency): that the Iraqi Ministry of trade required to complete action on Iraq’s accession to the World Trade Organization to support the national economy, to promote commercial exchanges and ensure that goods are good for the country. (more…)

Deputy: current economic policy is not conducive to activate vital sectors in the country

Posted: April 14, 2013 in Iraqi Dinar/Politics
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14-04-2013 01:03 PM

Baghdad (newsletter). MP criticized/iraqiya/qais alshazar, Iraq economic policy of import-dependent outer without activating the vital economic sectors and the lack of local products in the Iraqi market. (more…)

Iraq: Foreign currency forged spread in the market with the lack of control …

Posted: April 14, 2013 in Iraqi Dinar/Politics
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Font Size:04/13/2013 (23:01 pm)

Amplified the spread of counterfeit currency in the country in different categories of the local currency and the U.S. dollar and other foreign currencies in the absence of control of the security services on fraud and with the increasing spread of the financial problems which provided an opportunity for third parties leaking false hard currency. (more…)

Iraq not eligible for WTO at this time due to lack of exports and laws, says Economic and Investment commission

Posted: April 8, 2013 in Iraqi Dinar/Politics
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Baghdad (news) .. Reported decision of the Commission of Economy and investment MP / coalition of Kurdish blocs / Mahma Khalil, that Iraq is not eligible for to the World Trade Organization because of non-activation of laws important economic and absence of local product.

Khelil said (of the Agency news): There is international support for Iraq to this organization World but to what avail Affiliate and the country lacks the domestic product and supported on imports in the class basis. (more…)

Economist: the importance of activating the law of economic development to boost the economy

Posted: April 7, 2013 in Iraqi Dinar/Politics
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07-04-2013 10:37 AM

Baghdad (newsletter). Economic expert called by the name of Hadi al-Tamimi, activating the law of economic development by the Federal Government to support various economic sectors in the country, noting that it was enacted within the House of representatives during the previous session.

He said Al-Tamimi (News Agency): economic development Act that was enacted during the last period in the House of representatives is one of the important laws of the national economy, it supports agriculture, industry and tourism. (more…)

Economist Opinion: Iraq is strategically placed and can benefit from creating free economic zones

Posted: April 5, 2013 in Iraqi Dinar/Politics
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05-04-2013 09:33 AM

Baghdad (newsletter). Economic researcher called Mohamed Ahmed Al-Hasani, the need to exploit the Iraqi site of free zones to international commercial exchanges with neighboring countries to revive the national economy.

He said Al-Hassani (News Agency): that Iraq possessed large staffers site yftkorh most countries of the world and it connects Europe with East Asia, could be used to revive the national economy, through the creation of an international free economic zones with neighboring countries. (more…)

Economists: the opening of branches of factories in the country will support the global economy and the development of local industry

Posted: March 24, 2013 in Iraqi Dinar/Politics
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Date: Sunday 03/24/2013 06:48 pm

Industrial sector suffers Iraqi neglect and severe deterioration Bbnah infrastructure as a result passed by the country’s conditions of war and terrorism since the eighties of the last century and to this day, where he called for a number of MPs and economists to pay attention to the industrial sector in terms of providing financial and logistical support to him, to become one joists task that feed into the national economy. (more…)

Local traders describe the Iraqi economic system as “the worst in the world”

Posted: March 16, 2013 in Iraqi Dinar/Politics
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Meeting of Heads of Chambers of Commerce in Diwaniya

Editor: RS 14/3/2013 21:35

Student heads Iraqi Chambers of Commerce, on Thursday, the central government and local governments to support traders and facilitate their work, while emphasized the need to develop work order CBI, one of the “worst regimes” in the world, called traders in the city of Diwaniya Chamber of Commerce province to communicate with them and learn the fact their needs. (more…)

Debate: Should Iraq take 10% of bank reserves to pay for investment projects

Posted: March 16, 2013 in Iraqi Dinar/Politics
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The problem is not in the proposal to invest money (10%) of bank reserves for investment projects
Date: Saturday 03/16/2013 07:45 pm

While I suggest the member of the parliamentary Finance Committee invest a fraction of the central bank reserves of hard currency and (10%) for investment projects serve the country, member of the Economic Commission representative that the country اتعاني of financial problem, but suffer from random in the investment of capital. (more…)

Parliament warns of spread of fake tough market currencies because it would damage the national economy

Posted: March 14, 2013 in Iraqi Dinar/Politics
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14-03-2013 12:37 PM

Baghdad (newsletter). Caution the decision of the Commission on economy and investment Deputy/Kurdistan blocs Coalition/mehma Khalil, from the proliferation of counterfeit currency in different categories of the dollar in the market because it would adversely affect the economy, calling on security forces to intensify their efforts to control and prevent the spread of fraud.

He said Khalil (News Agency): the primary responsibility for maintaining the Iraqi currency and not the manipulation of solvent people by weak souls lies with the Federal Government and security agencies, to monitor processes that have an impact and damage to the national economy. (more…)

Economist Opinion: It is still too early to join the World Trade Organization; Iraq has no exports

Posted: March 11, 2013 in Iraqi Dinar/Politics
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3/10/2013 (23:00 pm)

Experts say in economic affairs that it is still too early for joining in the World Trade Organization (WTO), stating that most of the economic sectors that support Iraq’s exports are disabled.

The economist said Bassem Jamil Antoine “We can not isolate Iraq from the rest of the states, by not joining the World Trade Organization (WTO) but must choose the right time to enter the World Trade Organization.” (more…)

Deputy PM Shaways: Developing Iraq’s economy requires revitalizing private sector, businessmen

Posted: March 9, 2013 in Iraqi Dinar/Politics
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Saturday, 09 March 2013 18:31 | | |

Baghdad (AIN) –The Deputy Prime Minister for Economy and Investment Affairs, Roz Nouri Shawees reported in a speech that was delivered by his representative, Hassan Akef, during the 1st annual conference of businessmen in Iraq on Saturday that ”The operation of building and reconstructing that Iraq seeks requires the contribution of all economic sectors and to revitalize the role of businessmen and private sector.” (more…)

Iraq WTO committee member warns Iraq about full accession to WTO membership; We have nothing to export

Posted: March 7, 2013 in Iraqi Dinar/Politics
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Member, Committee on the economy warns Iraq’s accession to the World Trade Organization in the absence of local product
Date: 13/03/07 12: 55: 27 Thursday

Baghdad (newsletter).Member of the Committee on the economy and warned investment iraqiya MP for//Qusay Juma, Iraq has joined the World Trade Organization in the current period because its economy is still dependent on foreign imports and production sectors, is activated.

He said Juma (News Agency): the Commerce Department must carefully before submitting a request to the World Trade Organization lanzmam Iraq, because the national economy is still dependent on foreign imports, and has products for both export oil. (more…)

Economist: Iraq in need of a good policy to manage federal funds and the development of national economy

Posted: March 6, 2013 in Iraqi Dinar/Politics
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Date: 13/03/06 10: 44: 12 Wednesday

Baghdad (newsletter).The expert stressed the economic importance of a fictitious Majid economic policy in the country for the success of the management of funds for the development of the Iraqi economy.

Mock said (News Agency): current economic policy is supportive of the economy, and there is bad management of distribution of federal income employment hand investment projects despite the abundance. (more…)

U.S. to receive first rights to Iraq’s private sector; 2013 is the year to activate Strategic Framework Agreement

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-03-03 at 12.27.00 PMFaleh al-Fayad: Iraq will give preference to U.S. private sector

03/03/2013

BAGHDAD / JD / .. He Iraqi National Security Advisor Faleh al-Fayad said Iraq will give preference to the American private sector.

A statement issued by the American Business Council in Iraq received / JD / copy of it: holding American Business Council in Iraq working lunch with a delegation visiting the United States of America, including Iraqi national security adviser Faleh al-Fayad and Sami al-Askari, Yassin Majeed Organic House Organic Foreign Relations Committee (more…)

Moussawi: the decline of economic development contributed decline in the value of the dinar against the U.S. dollar

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Published in: 3:45 pm, March 3, 2013 by ipa

BAGHDAD (Iba) .. A member of the Economic Committee MP Salman al-Moussawi, that the strength of the Iraqi dinar and the monetary value depends on the strength of the economy of the country and the extent of recovery sectors of the state’s income-generating and not the central bank auction. (more…)

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…)

Tool absent from the actions of the Central Bank of Iraq

Posted: February 24, 2013 in Iraqi Dinar/Politics
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Posted 23/02/2013 05:22 PM

This tool is one of the important means (if not more important) than among other tools (the discount rate, the legal reserve) used by central banks to control the money supply for free economies ..

The main open market operations the process of buying and selling government bonds (public debt), ie the State to borrow from the public or the banks against a specific repayment period and interest rate. (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…)

Foreign investment rises in Iraq

Posted: February 24, 2013 in Iraqi Dinar/Politics
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Organization announced gica Southeast Asian, on Saturday, that foreign investment rose in Iraq to 20-fold to become a $ 60 billion U.S. after it was three billion dollars four years ago.

According to a report of the Organization of gica quoted by the agency “Twilight News” that ” foreign investment in Iraq was a nearly three billion dollars by nearly four years. ” The report added that “foreign investment in Iraq is over $ 60 billion and is continuing to rise.” (more…)

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