Iraqi dinar | The Currency Newshound

May 2013
M	T	W	T	F	S	S
« Apr
	1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	31

Posts Tagged ‘Iraqi dinar’

Economist proposes mechanisms to quickly raise the value of the Iraqi dinar

Posted: May 23, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Economic, Economy of Iraq, exchange rate, Finance, Iraq, Iraqi dinar, Monetary policy

Iraq Business Directory - 05/22/2013 – 7:48 pm

Visual proposes mechanisms quick to raise the value of the Iraqi dinar

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…)

Deputy Khalil: GOI has desire to control the work of the CBI. This is contrary to the Constitution

Posted: May 23, 2013 in Iraqi Dinar/Politics
Tags: Baghdad, Central bank, exchange rate, Government, Iraq, iraqi, Iraqi dinar, kurdistan

23-05-2013 02:24 PM

Baghdad (newsletter). Confirmed the decision of the Commission on economy and investment Deputy of the Kurdistan blocs Coalition//mehma Khalil, the constant interventions by the Federal Government following the Central Bank’s action on the Iraqi dinar exchange rate against the US dollar. (more…)

CBI Daily Currency Auction Results for May 23, 2013

Posted: May 23, 2013 in Iraqi Dinar/Politics
Tags: Auction, Central bank, Dinar, exchange rate, Iraq, Iraq Central Bank, Iraqi dinar, middle east

The latest daily currency auction was held in the Central Bank of Iraq on the 23-May-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$)	282,701,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	282,701,000
Total offers for selling (US$)	—–

Exchange rates

Finance Committee: Small committee formed to follow up the stability of the exchange rate of the dinar against the dollar

Posted: May 22, 2013 in Iraqi Dinar/Politics
Tags: al-Iraqiya, Central bank, Central Bank Iraq, exchange rate, Finance Committee, Iraq, iraqi, Iraqi dinar

05/21/2013 03:39

Finance Committee announced the formation of a small committee to monitor the exchange rate of the Iraqi dinar against the dollar, stressing that the practical measures undertaken by the central bank last week led to address the problem gradually. (more…)

CBI Daily Currency Auction Results for May 22, 2013

Posted: May 22, 2013 in Iraqi Dinar/Politics
Tags: Abdel Basset Turki, Auction, Central bank, Central Bank Iraq, Dinar, exchange rate, Iraq, Iraqi dinar

The latest daily currency auction was held in the Central Bank of Iraq on the 22-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$)	252,266,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	252,266,000
Total offers for selling (US$)	—–

Exchange rates

Iraqi private bankers hold Ministry of Finance, CBI responsible for IQD decline; Banks and citizens threaten protests

Posted: May 17, 2013 in Iraqi Dinar/Politics
Tags: Abdel Basset Turki, Central bank, Central Bank Iraq, Dollar Auction, Economy of Iraq, Iraq, iraqi, Iraqi dinar

Editor: BK, BS 15.5.2013 17:56

Download bankers and economies, on Wednesday, the Ministry of Finance and Central Bank of Iraq responsible for the decline and the reality of private banks, local, while accusing the latter encouragement of Arab Banks and Iran at the expense of Iraq, and threatened to organize a sit-If you do not amend the laws to their work, he saw an economic analyst, that “the current circumstances do not allowed to go towards investment banks because the banking culture “is still lacking.” (more…)

Economic Committee Member: Current issue with dinar is not natural; Blames poor monetary policy

Posted: May 17, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, exchange rate, Iraq, Iraqi dinar, Price, United States dollar, usd

11:56 17/05/2013Agencies -

A member of the parliamentary economic committee continued decline in the price of the Iraqi dinar against the U.S. dollar, “the issue is not natural.”

He said committee member Amer winner today that “the low price of the Iraqi dinar against the dollar issue of abnormal and might lie behind certain purposes.” (more…)

IQD value rapidly deteriorates; 1220 to 1 USD…Now 1300 to 1 USD

Posted: May 16, 2013 in Iraqi Dinar/Politics
Tags: Baghdad, Central bank, Central Bank Iraq, iran, Iraq, Iraqi dinar, Syria, United States dollar

Tuesday, 14 May 2013 20:53 | | |

Baghdad (AIN) -The price of the US dollar in the local markets reached 1,300 Iraqi dinars, compared to 1220 dinars in mid-March and represents a significant reduction of the Iraqi dinar’s value since the two last years.

It is known that the official price of the USD until this day, according to the Central Bank of Iraq is IQD 1166 and that means that the value of the Iraqi dinar has reduced more than 11%.

According to representatives of All Iraq News Agency (AIN), this decline has led to increasing prices for a lot of goods in local markets and especially the imported ones. (more…)

Iraqi Integrity and Economic Committee discuss IQD’s rapid decline; Points part of the blame at GOI

Posted: May 16, 2013 in Iraqi Dinar/Politics
Tags: Alwani, Central bank, Committee, Finance, Integrity Committee, Iraq, Iraqi dinar, shabibi

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…)

Experts warns GOI against tapping into CBI financial reserves

Posted: May 16, 2013 in Iraqi Dinar/Politics
Tags: Bank reserves, Central bank, Currency, exchange rate, Finance, Haider al-Abadi, Hard currency, Iraqi dinar

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…)

Shabibi ousted from CBI, IQD drops; Dinar at lowest level in two years

Posted: May 16, 2013 in Iraqi Dinar/Politics
Tags: Abdel Basset Turki, Central bank, Government, Hadi Abbas, Iraq, Iraqi dinar, Sinan Al-Shabibi, United States dollar

Observers: dip, Shabibi dinar missed and we fear the continued decline
THURSDAY, 16 MAY 2013 17: 07

Iraqi dinar is currently experiencing a decline in its value against the US dollar since the Government sacked the former head of the Central Bank, Sinan Al-Shabibi is raising concern among money and economy in particular.

And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to about 1,300 dinars after was stable from 1120, the highest rate of exchange-rate mechanism for the last two years. (more…)

CBI Daily Currency Auction Results for May 16, 2013

Posted: May 16, 2013 in Iraqi Dinar/Politics
Tags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar

The latest daily currency auction was held in the Central Bank of Iraq on the 16-May-2013. The results were as follows:

DETAILS	NOTES
Number of banks	27
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	231,188,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	231,188,000
Total offers for selling (US$)	—–

Exchange rates

CBI Daily Currency Auction Results for May 15, 2013

Posted: May 15, 2013 in Iraqi Dinar/Politics
Tags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar

The latest daily currency auction was held in the Central Bank of Iraq on the 15-May-2013. The results were as follows:

DETAILS	NOTES
Number of banks	28
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	161,159,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	161,159,000
Total offers for selling (US$)	—–

Exchange rates

Editorial: The value of the Iraqi currency and structural economic imbalances

Posted: May 14, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Currency, Finance, Iraq, iraqi, Iraqi dinar, United States

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…)

Economic Committee Member: high exchange rates of the dollar against the dinar currency behind the drain

Posted: May 14, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Currency, exchange rate, Iraq, iraqi, Iraqi dinar, Private bank

12:10 05/14/2013attributed member of the parliamentary Finance Committee Haitham Jubouri reasons for the high exchange rates of the dollar against the Iraqi dinar currency to the drain by some private banks, which owns companies for the currency converter.

Jubouri said in a press statement that “price-fixing remittances equivalent to two to three times the real price example, if the price of Item five $ 5 it up in the hawala to $ 20 sold amount of the surplus is $ 15 to the black market and that is what is reflected on the currency dramatically” . (more…)

MP calls for quick action to halt the rise in the dollar against the Iraqi dinar

Posted: May 14, 2013 in Iraqi Dinar/Politics
Tags: Baghdad, Central Bank Iraq, exchange rate, Iraq, Iraqi dinar, Mahmoud, Member of Parliament, Oil reserves in Iraq

Baghdadi News – 05/13/2013

Baghdad / Baghdadi news / .. Student member of the citizen’s Parliamentary Bloc MP Abdul-Hussein Abtan, on Monday, the competent authorities to take swift action to halt the rise in the dollar exchange rate.

He Abtan During Matmrsahfa held the parliament building and the presence of / Baghdadi news /, that “the high exchange rate of the dollar against the Iraqi dinar during the current period, taking the burden on private citizens and low-income earners because most of the goods offered in the Iraqi market are imported.” (more…)

CBI Daily Currency Auction Results for May 14, 2013

Posted: May 14, 2013 in Iraqi Dinar/Politics
Tags: Abdel Basset Turki, Auction, Central bank, Central Bank Iraq, Currency, exchange rate, Iraq, Iraqi dinar

The latest daily currency auction was held in the Central Bank of Iraq on the 14-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$)	188,507,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	188,507,000
Total offers for selling (US$)	—–

Exchange rates

Economic Committee Member calls on CBI to take swift action and reconsider policy; Stop turning deaf ear and blind eye on the continuing rise of USD

Posted: May 13, 2013 in Iraqi Dinar/Politics
Tags: Central Bank Iraq, exchange rate, Hard currency, Iraq, Iraqi dinar, Mahmoud, United States dollar, United States House of Representatives

Economic parliamentary demanding quick action to stop the rise in the dollar exchange rate

Student member of the Economic Commission bloc MP Abdul Hussein Abtan citizen all competent authorities to take swift action to halt the rise in the dollar exchange rate. (more…)

Economist: CBI $74B reserves will boost IQD value; However if reserves pay for projects it will hurt economy

Posted: May 13, 2013 in Iraqi Dinar/Politics
Tags: Baghdad, Bank reserves, Central bank, Central Bank Iraq, Currency, exchange rate, Iraq, Iraqi dinar

Economic analyst: CBI balance of hard currency will support Iraqi dinar
13-05-2013 10:33 AM

Baghdad (newsletter). Economic analyst Abdel Salem Al-uqaili warned, nice lending part of the Central Bank’s cash reserve in the country’s investment projects, because it would harm the economy and national currency.

He said Al-uqaili (News Agency): to increase the Central Bank’s balance of foreign currency to more than 74 billion dollars, will boost the value of Iraqi dinar and enhances the strength of the national economy. (more…)

CBI Daily Currency Auction Results for May 13, 2013

Posted: May 13, 2013 in Iraqi Dinar/Politics
Tags: Abdel Basset Turki, Auction, Central bank, Central Bank Iraq, Currency, exchange rate, Iraq, Iraqi dinar

The latest daily currency auction was held in the Central Bank of Iraq on the 13-May-2013. The results were as follows:

DETAILS	NOTES
Number of banks	27
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	223,177,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	223,177,000
Total offers for selling (US$)	—–

Exchange rates

Iraqi parliament supports the actions of the central bank to ensure the stability of the dinar

Posted: May 12, 2013 in Iraqi Dinar/Politics
Tags: Barack Obama, Central bank, Central Bank Iraq, Development Fund for Iraq, House of Representatives, Iraq, Iraqi dinar, United States

SUNDAY, MAY 12 / MAY 2013 18:03

announced the Presidency of the Council of Representatives, on Sunday, its full support for the action the central bank intends to take to ensure the stability of the Iraqi currency after it experienced a decline in value against the dollar to a record level in two years.

And plunged the value of the Iraqi dinar gradually over the past weeks to reach the price per dollar to about 1129 dinars after it had been stable for 1120, the highest rate up to the exchange rate during the past two years. (more…)

CBI achieves the highest reserves of hard currency in its history at $74 Billion

Posted: May 11, 2013 in Iraqi Dinar/Politics
Tags: bank, Central bank, Central Bank Iraq, Currency, exchange rate, Iraq, Iraqi dinar, Monetary policy

11/05/2013 – 15:35

revealed a banking source early on Saturday that the volume of reserves Iraqi Central Bank foreign currency amounted to $ 74 billion, noting that it is the highest reserves achieved by the bank in the country’s history.

source said in an interview for “Alsumaria News”, ” the size of central bank reserves of foreign currency amounted to $ 74 billion, “noting that” it represents the highest rate up to the bank of the currency in the history of Iraq. ” (more…)

Iraqi economist says independent CBI is required and desirable; Need to mesh with role of GOI

Posted: May 11, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Currency, Economy of Iraq, Finance, Iraq, iraqi, Iraqi dinar

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…)

Finance Committee to discuss why and implications of high exchange rate of USD in Iraq with CBI governor

Posted: May 10, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, exchange rate, Hard currency, Iraq, Iraqi dinar, Money laundering, United States Senate Committee on Finance

Finance parliamentary add Governor of the Central Bank to discuss the implications of the high exchange rate

Center Brief for the Iraqi Media Network (IMN) – adds the parliamentary Finance Committee, next Sunday governor of the Central Bank and the Agency to discuss the implications of the high exchange rate and stand on its causes.

Committee member said Amin Hadi, Thursday, ‘s (IMN) “The Finance Committee will add the Governor of the Central Bank and the Agency Abdul Basit Turki, next Sunday, to find out the reasons for the high rate compared to the previous months which saw stable.” (more…)

CBI Auction Results for May 9, 2013

Posted: May 9, 2013 in Iraqi Dinar/Politics
Tags: Auction, Baghdad, Central bank, Central Bank Iraq, Dinar, exchange rate, Iraq, Iraqi dinar

The latest daily currency auction was held in the Central Bank of Iraq on the 9-May-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$)	161,151,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	161,151,000
Total offers for selling (US$)	—–

Exchange rates

Member of Economic Committee: Lack of government oversight and control contributed to money laundering and smuggling hard currency abroad

Posted: May 8, 2013 in Iraqi Dinar/Politics
Tags: Baghdad, Central bank, Currency, Finance, Iraq, Iraqi dinar, Money laundering, News agency

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…)

CBI Daily Currency Auction Results for May 8, 2013

Posted: May 8, 2013 in Iraqi Dinar/Politics
Tags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar

The latest daily currency auction was held in the Central Bank of Iraq on the 8-May-2013. 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$)	140,336,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	140,336,000
Total offers for selling (US$)	—–

Exchange rates

CBI Daily Currency Auction Results for May 7, 2013

Posted: May 7, 2013 in Iraqi Dinar/Politics
Tags: Abdel Basset Turki, Auction, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar

The latest daily currency auction was held in the Central Bank of Iraq on the 7-May-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$)	158,335,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	158,335,000
Total offers for selling (US$)	—–

Exchange rates

CBI Daily Currency Auction Results for May 6, 2013

Posted: May 6, 2013 in Iraqi Dinar/Politics
Tags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar

The latest daily currency auction was held in the Central Bank of Iraq on the 6-May-2013. The results were as follows:

DETAILS	NOTES
Number of banks	28
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	204,988,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	204,988,000
Total offers for selling (US$)	—–

Exchange rates

Iraq participates in Washington’s training program for financial markets

Posted: May 5, 2013 in Iraqi Dinar/Politics
Tags: Baghdad, Business and Economy, Central Bank Iraq, Iraq, Iraqi dinar, middle east, Securities Commission, Washington

Iraqi delegation included a number of workers in the Securities Commission and the Iraqi market for securities in the training program and the twenty-third, which was held in Washington.

The head of the delegation and the Executive Director of the Iraqi market for securities, Taha Ahmed al-Rubaie, “Iraq has participated along with 72 countries represented bodies and financial markets of the various countries of the world.”

The program, sponsored by the U.S. Securities Commission SEC exchange of experiences among countries and the establishment of workshops on topics of trading and intermediate control procedures and instructions governing the functioning of financial markets and investor transactions.

http://bit.ly/13aMewv

Calendar

Please read

Forex Links (IQD)

Important Links

Social Media

Search Archives

Today’s News Summary

Daily Archives

Directory

Follow on Facebook

Posts Tagged ‘Iraqi dinar’

Follow “The Currency Newshound”