30/01/2013 08:52
BAGHDAD / Bri Center for the Iraqi Media Network IMN – The parliamentary Finance, the central bank is going in the right direction as evidenced by the stability of the currency rate and lower sales of the bank.
A member of the Finance Committee Haitham al-Jubouri’s (IMN) that “there is stability operations seen in the central bank and it is going in the right direction and the proof of that currency Asagrar and lower sales.” (more…)
Vietnam’s economic growth rate in 2012 is forecast at 5.2 percent. It is the second adjustment from the previous projections of 5.5 percent and 6.5 percent, and is due to a slowing down of the country’s economic performance in the first 10 months of 2012.
Nguyen Thi Tue Anh, head of the Competition Capacity and Business Environment Department of the Central Institute of Economy Management, made the judgment at a forum held in Hanoi last week. (more…)
Press Release No. 12/286
August 3, 2012
The Executive Board of the International Monetary Fund (IMF) approved on July 20, 2012—on a lapse-of-time basis1—a seven-month extension of Iraq’s Stand-By Arrangement (SBA), to February 23, 2013.
The SBA had been scheduled to expire on July 23, 2012. The extension, which had been requested by the Iraqi authorities, will provide them with time to implement the policy measures needed to complete the combined third and fourth reviews under the SBA. The extension will, in particular, provide time for discussions on fiscal policies for the remainder of 2012 and on measures to improve the functioning of the exchange regime. (more…)
Economist finds that Central Bank intervention by the Federal Government suffers from being unique to a monetary policy with fiscal policy.
He told the news agency Baghdad International//today, “despite the Federal Government’s version of Supreme resolution No. 21/federal 1/3/2011, which emphasized the issue of financial and administrative autonomy to the Central Bank but did not rescind the previous, which links Central Bank government regulatory, (more…)
Saturday, April 14 / April 2012 09:28
Confirmed member of the parliamentary Finance Committee Najiba Najib that link the Central Bank of the government and stripped of its independence is a breach of a constitutionally significant, indicating that the central bank of independent institutions that are proud of because it controls the state’s fiscal policy as well. (more…)
Thursday, March 15 / March 2012 12:00
Provided by the parliamentary Finance Committee Najiba Najib request to the Presidency of Parliament to hold conferences and workshops in order to promote the Gaza government and private banks in Iraq. “
Najib said in a statement to all of Iraq [where] the day that “fiscal policy in Iraq needs a major economic reform because of the financial system in Iraq is still a system for Ajriqa to the level of international regulations.”
She added that “all states are the consolidation of financial systems to assist in promoting economic and trade sector, noting that” Iraq still needs hard work to improve the rate of fiscal policy.
Saturday, 14 January 2012 07:18
Eliminated by the parliamentary Finance Committee Najiba Najib said the country’s economy is affected by the current political crisis.
A member of the Committee Najiba Najib told all of Iraq [where] the day Thursday, “I do not think the crisis is affecting the political and disputes taking place in the blocks on the Iraqi economy or affect the financial input of the individual for several reasons, including No there is obstruction in the process of export and sale of crude oil, which is the supplier base Iraq’s national income or marketed in international markets due to continued foreign oil companies and the local process of exploration and drilling of wells through contracts and licensing rounds, which concluded with the Iraqi government. ” (more…)
Economist: effective efforts of the Central Bank to curb inflation, fiscal policy collide
14/01/2012
The economist said Dr. Sattar al-Bayati, that the high rates of inflation and instability indicate that fiscal policy is able to tackle inflation, pointing out that the effective efforts of the Central Bank to curb inflation hit the financial policies aggravation of the volume of inflation by the government, which means an imbalance in our economy overall. (more…)
Thursday, 12 December / 2 January 2012 10:05
The Central Bank attributed the reduced budget for fiscal year 2012 to the violation of Iraq of the terms of borrowing from the IMF.
The bank adviser said the appearance of Mohammed Saleh told all of Iraq [where] that “after the agreement of Iraq with the International Monetary Fund to borrow from it the amount of [3.7] billion dollars in February of 2010 to meet the fiscal deficit due to the economic crisis the world has witnessed in 2009, which was awarded part of the amount of [2.2] billion dollars on the condition of the International Fund of Iraq that the disposal of these loans in the process of development and investment projects. ” (more…)
04/11/2011 10:25
Baghdad, Nov. 4 (AKnews)- The two branches of the Central Bank of Iraq (CBI) in addition to its major office in Baghdad are enough to control monetary policy and maintain the balance with fiscal policy.
Yesterday the International Monetary Fund (IMF) demanded the CBI to open branches in all the Iraqi provinces to control monetary and fiscal policies. (more…)
Asked the President of the Association of private banks Abdul Aziz Goldfinch, monetary and fiscal management in the country to save the banks exposed to losses and bankruptcy for the purpose of protecting the shareholders, called for the need for a joint action of the banks, public and private through the exchange of instruments and payments.
said Hassoun in a press statement yesterday: We must there is a role for the cash management and financial rescue banks that are bankrupt or losses by lending money accessible and be paid until the restoration of confidence to it through access to the profits in order to protect the funds of depositors or shareholders in these banks.
September 20 2011
During the symposium focused on the development plans
As everyone was present to discuss Iraq policy, monetary specialists, experts, fans, university professors, civil society organizations, was absent most prominent is the Central Bank of Iraq, the most important in planning the policies of Iraq’s cash, and follow-up results of those plans and could lead to him of the results, we have intensified Hall seminar titled ((Review of monetary policy for Iraq in the period 20011-2016)) and resulted from the policy of the data over the past years and the success of their application to many of the discussions that focused on the need to go beyond Iraq to the structural imbalances that intercepted the growth of its economy during the past periods and in the absence of clear economic visions for Iraq and the lack of harmony between the scientific fiscal and monetary policy, and loose some economic phenomena and not to control unemployment and inflation.
Government pledges strict monetary policies next year
VietFinanceNews.com – Tight monetary and fiscal policies will be prioritised in 2012 in order to continue taming inflation, stabilise the Vietnam dong and heighten foreign currency reserves, said Prime Minister Nguyen Tan Dung.
The PM requested ministries, agencies and state-owned enterprises (SOEs) to draw out development plans and budget estimates for next year.
VietFinanceNews.com – Vietnam’s government should maintain a tight monetary and fiscal policy, including higher interest rates and tougher credit, until the currently “intolerable” inflation rate is less than 10 percent, the World Bank said.
Vietnamese inflation reached 19.78 percent in May, the highest since December 2008. The government said on June 3 it’s targeting 15 percent inflation this year, up from a previous projection of 11.75 percent. Foreign-exchange reserves at the end of 2010 had declined to cover about 1.4 months of imports, according to the International Monetary Fund.
A(w29OjUEBzAEkAAAANjg1MWFmYzUtZWYxOS00YTdmLWI3YzYtNmFlNWE2ZWNjZDc4gMgTNVmb3U-2jn84Yv43Y4uj7Wg1))/Img/NewsN/%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-_111.jpg)
Financial expert stressed the importance of a conciliator Abbas fiscal policy fit the reality of Iraq to serve the process of economic advancement of the country that aspires towards it.
He pointed out that the work during the current need of the development of the banking public through the adoption of mechanisms entered the field of modern banking world.
Said financial expert Dr. Conciliator Abbas sack the importance of fiscal policy fit the reality of Iraq to serve the advancement of economic aspirations of the country so. He pointed out that the work during the current need of the development of the banking public through the adoption of mechanisms entered the field of modern banking world, particularly the Iraqi cadres capable of running on the latest methods of banking if appropriate conditions exist.
(Voice of Iraq) – The Central Bank of Iraq that fiscal policy will impose its control over monetary policy in Iraq has been activated in case the Federal Court decision on linking the Central Bank of the government.
The head of the Central Bank of Iraq Shabibi told the PUKmedia on the sidelines of an economic seminar hosted by Foundation-term: that fiscal policy will impose control strongly on monetary policy in Iraq that would hurt the plans of the Central Bank after it is activated the Federal Court decision No. 88 of 2010.
Thursday, 13 2011
Concluded the Iraqi Central Bank said Thursday the thirteenth of the month of January 2011 fifth sessions DIFC Week for the sale and purchase of foreign currency and the dollar low level of sales of the dollar to 128.533 million dollars after it fell in its previous investigators 168.841 million U.S. dollars at a stable exchange rate was 1170 dinars per dollar.
VietFinanceNews.com – Benedict Bingham, Chief Representative of the International Monetary Fund (IMF) in Vietnam had an interview with NDHMoney on the issues of exchange rate and interest rate in Vietnam.
Talking about the gap of nearly 2,000 dong per US dollar between official and unofficial FX rate and the sudden rises of saving and lending rates in the recent weeks, Bingham said the first thing is to determine where the pressure on FX market comes from. According to IMF’s representative, the pressure does not come from the shortage of supply. If looking at the balance of payments, current account deficit is fairly large, but it could be offset by FDI inflows.
