Saif Jawad stressed the competent financial affairs on the necessity of activating prompt the central bank to establish a center for banks currency counting and sorting by using modern mechanization.
Jawad said that “trading blocs cash in banks requires advanced technologies, in light of doubling the amounts that are traded in local banks that require considerable time and effort by the fund trustees.” (more…)
Exchange rate fluctuations accounted for expert attention
Select an economist many reasons behind the fluctuations in the value of the Iraqi currency and economic imbalances structural considering that the exchange rate holds an pivotal role in monetary policy in terms of its use as a target or a tool and as an indicator of the competitiveness of the state through its effect on the components of economic growth, such as investment and the degree of openness to international trade and capital flows and the evolution of the financial sector. (more…)
Editor: AJ, RS 05/22/2013 16:21
Urged the International Monetary Fund (IMF), on Wednesday, Iraq to “take remedial action in fiscal policy” to improve the levels of pension for citizens, and between the Iraqi economy “still suffers from weaknesses” represented “the small size of non-oil sector and high unemployment,” noting The Iraqi Central Bank reserves reached 70 billion), “the end of 2012.
A statement issued by the International Monetary Fund (IMF) in the quarterly report on developments in the economic and political situation in Iraq, briefed the (long-Presse), a copy of it, that “the executive body of the Fund, which prepared the report in accordance with the Article IV of the Fund with Iraqi officials, confirms that the Iraqi economy is still suffering from weakness, “and that” weaknesses, represented by the small size of the non-oil sector and high unemployment, and control of the public sector and the weakness of the business environment. ” (more…)
Congress: Dinar setback for errors not far from the central government in the file
Range – 05/16/2013 – 10:23
He said deputies from the Integrity Committees and economic النيابيتين that measures suffered by the central bank and the former crew, led to a significant setback for the dinar against the dollar recently, as part of a package of measures is studied which led to a decline in the reputation of Iraq in front of the financial community in the world. (more…)
05/15/2013 (23:01 pm)
Warned specialize in regard financial and banking system of the use of the balance of central bank reserves of hard currency in economic development projects, comes at a time the central bank from higher reserves of hard currency it to $ 74 billion, and coincided with the devaluation of the local currency by 1127 dinars to the dollar in the local market. (more…)
D. Kamal Al-Basri and harmful Sbahi professor
Iraqi Institute for Economic Reform
Article seeks to examine the value of the Iraqi currency fluctuations and interpretation of structural imbalances and weak governance vocabulary application and other behavioral factors. And concludes that the following factors may have led to increased demand for foreign currencies and shortage of supply: External political, and weak business environment, the economic and fiscal policy, and the lack of political and economic stability, and the weakness of the productive capacity of local, and that the improvement in the rate of per capita income of Iraq was a factor is the other, weak governance and the rule of law, and the decline of family remittances from abroad, and the growing presence of financial transfer companies and brokerage firms (parallel market), and the emergence of trade zones in border ports. (more…)
The independence of the Central Bank
11/05/2013 12:00 AM
Economist reported that the independence of the Central Bank is required and desirable, provided that meshes with the role of government supervision. (more…)
08-05-2013 11:34 AM
Baghdad (newsletter). Invited Member of the Committee for economy and investment Deputy of Iraqi/coalition/nahida Al-daini, the governmental and parliamentary control on financial transfers and the sale of foreign currency on the market to reduce the phenomenon of money laundering and currency smuggling. (more…)
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…)
Baghdad (newsletter). The financial expert said Osama Al-anbari, the implementing Convention on the ‘ terms of reference ‘ signed between the Iraqi Ministry of finance and the Treasury Department will have a positive role in the development of the financial sector in the country, using sophisticated machines specialising in financial systems.
He said Al-anbari (News Agency): the Convention reference would provide substantive and logistical support to the Ministry of finance to facilitate their work through the use of more sophisticated systems from which to dispense with paper manual work in the Ministry, as stipulated in the Convention. (more…)
11-03-2013 10:24 AM
Dean said the Iraqi Institute for Economic Reform and financial expert Kamal Basri, that the fiscal revenue estimate of Iraq’s oil «is not based on the study of global markets, the lack of specialized economic unit are able to predict the future, thus determine the size of demand and oil prices.
He added that «the availability of such a study, spare Iraq the dangers of oil revenue volatility, as happened in the global financial crisis. (more…)
Experts said in the economic The proportion of financial corruption was behind the low level of the economy in the country, noting that financial corruption is not limited to bribes and embezzlement, but that the choice of the person is not appropriate is also face aspects of corruption. (more…)
Author: Al Bayan wrote: February 11, 2013
Called CBI departments banks authorized to exercise banking status controls for granting credit cash and promissory for individuals and companies.
drew the central bank said in a statement banks need to identify the minimum insurance that met by the bank when granting credit, including the powers extraordinary to ensure individuals natural and legal and announce to the public in the first next March. (more…)
Central Bank: Iraq identical with balances records Feds
Central Bank announced that Iraq balances conform to the financial records after his US Federal Reserve Bank for breach of own internal computer systems by hackers. (more…)
05/01/2013
Became circulation banknotes shattered economic and social problem, affecting citizens constantly due to the failure of vendors and stakeholders public to deal with.
Ms. Avia Ali suffers from the exchange bank notes torn, since rejected by shopkeepers and drivers taxis. indicated Nawal Hamid Aboud It Her shop they refuse to deal with these papers, because they can not get rid of them easily, since rejects traders received them. (more…)
01/01/2013 6:50 pm
Economic parliamentary: World Bank loans can be invested to develop the country
announced parliamentary Finance Tuesday, pay deficit remaining in the 2012 budget amounting to nearly trillion dinars through surplus selling price of crude oil, indicating the existence of financial allocations rounded to the current year budget of 2013, in time explained the Alaqsadah parliamentary that the loans provided by the World Bank include great facilities that can be used to provide the maximum amount of services and the development of the economy in the country. (more…)
Economist: Iraq’s imports financial will increase over the next two years
Citizen News – 12/23/2012 – 7:13 pm
BAGHDAD – likely economic expert Ismail Radi, an increase of imports by Iraq finance over the next two years after the process of opening the floating oil platforms and explore other oil fields, calling for the need to invest for the implementation of projects that will serve the country. (more…)
Published on Thursday, 13 January 1 / December 2012 19:57
BAGHDAD / obelisk: Finance Minister Rafie al-Issawi, Thursday, the World Bank expressed satisfaction with the federal budget plans for 2013 in Iraq as part of the ministry talks with the ongoing Bank in Amman.
Issawi said for “obelisk”, “The Ministry of Finance discussed with the World Bank in Amman schemes the federal budget and the distribution amounts,” adding that “the World Bank expressed satisfaction with the plans of the federal budget and the need to take advantage of international expertise to work on the development of distribution of financial”. (more…)
December 5, 2012
BAGHDAD (Iba) .. Refer adviser to the North Bank for Finance and Investment wholesome Elias Abou, re-appreciation of the exchange rate of the dinar against the dollar after what has achieved a significant reduction to the growing demand of speculators on the dollar again. (more…)
27/11/2012 – 12:02
MP for the coalition of state law Walid al-Hilli, Tuesday, the Integrity Commission and the Supreme Judicial Council to complete the investigation of what he called a “conspiracy financial” which targeted the Iraqi Central Bank, confirming the existence of a scheme that supports money laundering operations and “terrorism” to sabotage the Iraqi economy. (more…)
JD – 11/03/2012 – 1:07 pm
BAGHDAD / JD / .. form of the Iraqi Council of Representatives of a joint committee of Finance and Economic Committees to choose a candidate who serves as Governor of the Central Bank of Iraq.
Noteworthy that this position is managed by the agency head BSA Abdul Basit Turki after recent actions, which affected the bank. (more…)
Baghdad / term
Banking expert called Mohsen Ali, the need to transform the private banks to large financial institutions to strengthen the financial assets and organization of work, which will enhance the national economy.
Ali said (of the Agency news): The idea of the central bank to convert the private banks to large financial institutions through integrated Baovernmah will organize their work and enhance its financial position through increased financial assets. (more…)
10/23/2012 12:00
A source from within the Iraqi Central Bank that the recent crisis, following issues financial and administrative corruption made against senior officials, and the news conveyed by the media about charges similar to each managers of private banks in the country, has cast a shadow over credit conditions, deposits and banking transactions and the level of customer confidence that Banks have led to withdrawals of funds by depositors after the bank liquidity eligibility. (more…)
10/20/2012
BAGHDAD / JD / .. called the World Bank representative in Iraq Maria Helen to go for the implementation of economic projects and development in addition to the development of administrative aspects in institutions all.
said in an interview / for JD / The World Bank is working on the financing of several projects in this direction than $ (800 ) million dollars. (more…)
