BAGHDAD / obelisk: The Central Bank of Iraq, Sunday, not to cancel the restructuring of the Iraqi currency project goal by deleting three zeros, indicating that the project is still in place, and that the bank agreed with the government to postpone the implementation of the project at the moment.
Posts Tagged ‘Local currency’
Central Bank: the project to delete three zeros from the currency is still standing
Posted: October 9, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, Currency, Deputy Governor, Fiscal year, Iraq, Local currency, Mohammed Saleh
Economist Opinion: Deleting zero’s is necessary for the citizens
Posted: October 5, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Coin, Currency, economy, Iraq, Iraqi dinar, Local currency
Economist: project application must delete the three zeroes to serve the citizens and the local currency
Date: 10/05/2012 15:42:39 Friday
Baghdad (news) .. Stressed the economic expert عبدالحسن Shammari, the need to apply the project to delete the three zeroes from the currency because it hurt to serve the citizens and the national currency by reducing the masses of cash with groups large in the local market. (more…)
Member of Economic Committee says time is not right for deletion of zeros; Blames security and political situation
Posted: October 3, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Central Bank Iraq, Currency, economy, Iraq, Iraqi dinar, Local currency
A member of the parliamentary economic excludes the deletion of zeros from the Iraqi currency at the moment
Wednesday, 03 October 1 / Okrudolf 2012 17:11
Excluded member of the parliamentary economic committee Nahida Daini today that the central bank deletion of zeros from the local currency at the present time because of the instability of the political and security situation in the country.
The Daini told all of Iraq [where] today that “the parliamentary economic committee with the project to delete the three zeroes from the local currency, but not at the current stage because what remains political and security situation in the country is stable,” excluded “the central bank to work with this project at the present time “. (more…)
Economic Committee member: project to replace the currency and delete the zeros does not contribute to the national economy
Posted: August 17, 2012 in Iraqi Dinar/PoliticsTags: Bank Central, Central Bank Iraq, economy, Iraq, Iraqi dinar, Local currency, Member of Parliament, Project
Said committee member economic MP Salman al-Musawi for the rule of law, that the project to replace the currency after deletion of zeros which does not help to support the national economy, but the success of the project depends on the strength of the economy and the stability of the domestic market. (more…)
Parliament members object to timing on the delete the zeros project; CBI will meet with committee in coming days to clarify stages
Posted: August 8, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, Finance Committee, House of Representatives, Iraq, Local currency, Project, United States House of Representatives
On: Wednesday 8/8/2012 6:27
said a member of the Committee of Economy and Investment Attorney Nora Albjara, that the House of Representatives received a formal letter from the Central Bank containing details of the project to delete the three zeroes from the currency and calls for its application early next year, saying there is no objection large by the House of Representatives on the implementation of the project that the country has initializer is still to replace the national currency. (more…)
CBI officially informs House its ready to implement currency reform at beginning of 2013; Politicians not sure if timing is right
Posted: August 7, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Central Bank Iraq, Committee, economy, Iraq, Iraqi dinar, Local currency
Member of the Committee on economy: Central Bank officially informed the House ready for a project delete zeros … The interception of a representative around it
Date: 2012-08-07 12: 01: 44 Tuesday
Baghdad (News) … According to a member of the Committee on the economy and investment Deputy/Iraqi/coalition albegari, Nora House recognizes a formal letter from the Central Bank that includes details of three zeros from the currency deleted and called for its application early next year, saying there is no objection by the House of representatives on the implementation of the project that the country still is not formatted to replace the national currency. (more…)
CBI suggests GOI form joint committee to study the deletion of zeros from the currency
Posted: May 23, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, Currency, Iraq, Iraq Stock Exchange, Joint Committee, Local currency, Saleh
24/05/2012 0:00
gave the central bank, yesterday, a proposal to form a joint committee shall study the decision to delete the zeros from the currency.
The deputy governor of the Central Bank of the appearance of Mohammed’s “Centre news for the Iraqi Media Network” yesterday: The proposal, sent to the Government for the formation of a committee to study the application of the decision to delete the zeros from the currency, comprising representatives of the Central Bank of Iraq and the Council of Ministers and Vice specialists from Parliament. (more…)
Iraq Stock Exchange: Delete the zeros of the local currency will affect the level of stock trading
Posted: May 21, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Baghdad, Central Bank Iraq, Executive director, Iraq, Iraq Stock Exchange, Iraqi Central Bank, Iraqi dinar, Local currency
21/05/2012 08:14
BAGHDAD / center news for the Iraqi Media Network – Authority confirmed Iraq Stock Exchange that the deletion of zeros from the local currency hurt at the current stage the level of stock trading in the Iraqi market for securities. (more…)
Parliament’s economic committee welcomes the postponement of the deletion of zeros
Posted: April 21, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Central Bank Iraq, Fiat money, Iraq, Iraqi dinar, Local currency, Presidency of the Council of the European Union
On: Sun 04/22/2012 0:59
The head of the Economic Committee in the House of Representatives Ahmed Alwani, a draft decision of the patient as deleting three zeros from the currency issued by the General Secretariat of the Council of Ministers, considering the current time is not ideal, and it needs a long time to implement it. (more…)
Parliamentary Economic Committee unanimously agree postponement to delete three zeros from currency is ideal and needs time to implement
Posted: April 20, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Economic Committee, Economy of Iraq, Iraq, iraqi, Iraqi dinar, Local currency
Date: Friday, 20-04-2012 12: 10 pm
Baghdad (newsletter) … The parliamentary Economic Committee welcomed the decision of the General Secretariat of the Council of Ministers await the draft deleted three zeros from the Iraqi currency, saying time is ideal, and needed time to implement it.
And Economic Committee Chairman MP/Iraqi/coalition Ahmed Al-alwani (News Agency news) on Friday: the resolution issued by the Presidency of the Council of Ministers to postpone the project deleted three zeros from the local currency is professionally before politically, because the draft was important and needed time to study and identify the most critical, the fact that the Iraqi dinar is a national currency and no ideological or national identity. (more…)
Editorial: Lifting the three zeros will be fruitless if GOI doesn’t take other measures as well
Posted: April 19, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, Currency, Economy of Iraq, Iraq, iraqi, Iraqi dinar, Local currency
Three zeros
Ali Jassim
15 April, 2012 02:34:00
Among the responsibilities of the Ministry of Finance – known to all of us – and perhaps the most important responsibilities is to maintain the value of the local currency of the state and work to improve the level of economic cooperation with a number of other ministries and government institutions concerned with this trend, and make all possible efforts to minimize any harmful effects may affect the status and value of the currency and kept away from the external market and the effects of shocks facing the global economy from disasters and major incidents affecting the economy in the fragile and too big for both . (more…)
Economist opinion: Raise zeros from the Iraqi currency would hinder the development of the Iraqi market for securities
Posted: March 26, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, Iraq, Iraq Stock Exchange, Iraqi dinar, Local currency, Politics of Iraq, Securities Commission
26-03-2012 11:02 AM
A number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of stocks of State to 20% after it witnessed during the current year 80%.
said an economist and professor at the University of Mustansiriya Radi al-Husseini that the ‘stock of Foreign Affairs of the Stock Exchange will drop to 20 % if the Iraqi Central Bank to raise three zeros from the local currency, because it is not something organizationally, but beyond that where it causes obstruction of financial transactions, including block the signing of an agreement with the brokerage firm, in addition to delay the signing of authorization form with the brokerage firm because the foreign investor believes that a change of currency will reduce profits. ‘ (more…)
Iraqi Economists fear the process of lifting the zeros of the Iraqi currency
Posted: March 25, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Central bank, Central Bank Iraq, Council of Representatives of Iraq, Iraq, Iraq Stock Exchange, Iraqi dinar, Local currency, Politics of Iraq
Baghdad, March 25 / March (Rn) – The number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of foreign equity to 20% after it experienced during the current year 80%.
He said an economist and professor at the University of Mustansiriya Radi al-Husseini, told the Kurdish news agency (Rn) that “the stock of Foreign Affairs of the Stock Exchange will drop to 20% if the Iraqi Central Bank to raise three zeroes from the local currency, because it is not something organizationally, but beyond that where it causes obstruction financial transactions, including block the signing of an agreement with the brokerage firm, in addition to delay the signing of authorization form with the brokerage firm because foreign investors believe that the change of currency will reduce profits. “ (more…)
Securities Commission confirms that the impact of deletion of zeros on the Government of Iraq’s foreign
Posted: March 24, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Baghdad, Central bank, Central Bank Iraq, Iraq, Iraq Stock Exchange, Local currency, Politics of Iraq, Securities Commission
Baghdad, March 24 / March (Rn) – The body of the Iraq Stock Exchange today, Saturday that the deletion of three zeros from the local currency will not affect the level of equity investment of external and internal.
And announced that the Securities Commission for its off day starting from Sunday until next Thursday in response to the holiday announced by the Iraqi government. (more…)
Economists Opinion: Iraq not ready to delete the zeros from the currency; Blame money laundering, counterfeiting, and inflation
Posted: March 11, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Central bank, Economy of Iraq, Finance, Inflation, Iraq, iraqi, Iraqi dinar, Local currency
On: Sun 11/03/2012 18:09
Expansion in money laundering operations
Warned a number of financial experts, the federal government of the central bank is implementing a project deleting three zeros from the local currency, stressing that there are negative impacts will occur on the Iraqi economy in the event of the implementation of this project and it is through the spread of money laundering operations, as well as the expansion of counterfeiting (more…)
A higher committee to supervise the deletion of zeros from the currency
Posted: March 11, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Central bank, Central Bank Iraq, Economy of Iraq, Iraq, Iraqi dinar, Joint Committee, Local currency, September
Formed the parliamentary Economic Committee in cooperation with the Central Bank of a joint committee to begin the process of deleting the zeros of the local currency. Said MP Abdul-Hussein Abtan “The Committee will oversee the process the process of removing zeros from the local currency, which is scheduled to begin next September.” (more…)
Economic parliamentary and CBI to form a higher committee to start deleting the zeros Currency
Posted: March 10, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Central bank, Central Bank Iraq, Currency, Economy of Iraq, Iraq, Iraqi dinar, Joint Committee, Local currency
Formed the parliamentary Economic Committee in cooperation with the Central Bank of Iraq a joint committee to begin the process of deleting the zeros of the local currency.
A member of the Committee Abdul-Hussein Abtan “It is scheduled to begin the process of removing zeros from the local currency during the month of September next,” he said (more…)
Parliament forms supreme committee with CBI to start deleting the zeros
Posted: March 10, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Central bank, Central Bank Iraq, Economy of Iraq, Inflation, Iraq, Iraqi dinar, Local currency, Sulaymaniyah
10/03/2012
Formed the Economic Committee in the House of Representatives with the Central Bank of Iraq to a joint committee to begin the process of deletion of zeros from the local currency. Said MP Abdul-Hussein Abtan told the Kurdish news agency (Rn) that the Economic Commission formed a joint committee with the Central Bank of Iraq yesterday (Thursday) to oversee the process of deleting the zeros of the local currency
Which is scheduled to begin in September next. “He added that” the Commission will provide the technical requirements and legal, administrative and paint the nature of the Iraqi market and its relevance to the deletion of the currency during the stage preceding the start delete currency as well as increase public awareness about the details of the process of removing zeros from the currency. ” (more…)
Economic Committee and CBI form joint committee to oversee the deleting zeros from currency; Begin in September
Posted: March 8, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Baghdad, Central Bank Iraq, Economy of Iraq, Inflation, Iraq, Iraqi dinar, Local currency, Politics of Iraq
08/03/2012 15:39
Baghdad, March 8 (Rn) – The Economic Committee in the Iraqi Council of Representatives, Thursday, they formed the Central Bank of Iraq with a joint committee to begin the process of deletion of zeros from the local currency.
Said Abdul Hussein Abtan told the Kurdish news agency (Rn) that “the Economic Commission formed a joint committee with the Central Bank of Iraq on Thursday to oversee the process of removing zeros from the local currency, which is scheduled to begin next September.” (more…)
Banks follow the procedures; CBI to reduce the counterfeit currency…Start the process of deleting the zeros in September next
Posted: February 20, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: CBI, Central bank, Central Bank Iraq, Counterfeit money, Inflation, Iraq, Iraqi dinar, Kurdish, Local currency, London, Politics of Iraq, Revaluation
Announced that the Economic Commission for parliamentary [in] agreement with the Central Bank of Iraq to begin the process of removing zeros from the local currency in September.
The central bank announced earlier that he is considering the requirements of the project to delete the zeros of the local currency with the Council of Ministers in terms of need process for the enactment of the organized or not.
A member of the Economic Commission Abdul-Hussein Abtan told the Kurdish news agency said that «the Economic Commission agreed with the Central Bank to begin the process of changing the local currency in September next». (more…)
Remove zeros from currency in September
Posted: February 19, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Central bank, Central Bank Iraq, Currency, Iraq, Local currency, Politics of Iraq, reuters, Securities Commission
Posted 19/02/2012 08:05 AM
BAGHDAD – Babinaoz (Reuters) – announced that the Economic Committee in the House of Representatives, in an agreement with the Iraqi Central Bank to begin the process of removing zeros from the local currency in September.
The central bank had announced earlier that he is considering the requirements of the project to delete the zeros of the local currency with the Council of Ministers in terms of need process for the enactment of the organized or not.
A member of the Economic Commission Abdul-Hussein Abtan “Economic Commission agreed with the Central Bank to begin the process of changing the local currency in September next “. (more…)
CBI says it has began a study based on the mechanism behind removing zeros
Posted: January 31, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Central bank, Central Bank Iraq, Iraq, Local currency, Mosul, Politics of Iraq, Saleh, Sulaymaniyah
On: Tue 1/31/2012 7:56
Central Bank announced it had begun to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of its own legislation, setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him the powers of a change in their local currency. The deputy governor of the Central Bank of the appearance of Mohammed According to Saleh (Rn) that the bank submitted a working paper for the project to delete the zeros of the local currency to the Council of Ministers for the involvement of ministries and agencies
Requirements in the process of deleting the zeros to prevent harm from the process. ” (more…)
Interview: Iraq on the eve of the revolution investment
Posted: January 31, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Baghdad, Central bank, Central Bank Iraq, Currency, Iraq, Iraqi dinar, Local currency, Saleh
Date of Publication 22/01/2012 12:00 AM
Director of the Bank of the Middle East:
Iraq on the eve of a real revolution in the fields of investment and development backed by large numbers of financial returns resulting from high rates of production of oil and gas, banking sector is invited to play a leading role in this revolution. Commissioner to speak to the Director of the Bank of the Middle East Iraqi investment sentenced George Behnam, which calls for a required amendments to the Banking Law in preparation for this phase. «Weekly» Interview. (more…)
CBI: Commencement of the examination to provide legislation to legalize the process of removing zeros from the currency
Posted: January 31, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Baghdad, Central bank, Central Bank Iraq, Currency, Iraq, Iraqi dinar, Local currency, Saleh
Baghdad – and babysit – The Central Bank of Iraq had begun to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of legislation setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him the powers of a change in their local currency.
This comes at a time confirmed the Parliamentary Finance Committee, the central bank lingered in the provision of a bill to delete the zeros from the currency to the Committee for the purpose of his study, confirming the same time the law was passed that would give Iraq an opportunity to address inflation. And inflation is the excessive rise in the general level of prices and higher cash income as well as high costs and create excessive cash balances. (more…)
Iranians are racing to buy dollars from the Iraqi market
Posted: January 31, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Central bank, Central Bank Iraq, Iraq, Local currency, Mosul, Politics of Iraq, Saleh, Sulaymaniyah
30.01.2012
Athert international economic sanctions faced by banks, companies and businessmen, Iranians heavily on the currency of Iran, “Altomen” and decreased its value against other currencies especially the dollar, prompting the Iranian traders to scramble to buy dollars from the Iraqi market, which economists say it will impact negatively on the Iraqi currency The economic situation in Iraq.
says a professor of economics at the University of Sulaimaniya attributed Saber in an interview with Radio Free Iraq that the Iraqi politicians to develop economic plans appropriate to take advantage of the political situation and economic instability in Iran and Syria, but the instability in these countries will reflect negatively on the economy Alaaraca . (more…)
CBI to study the legislation to legalize the process of removing zeros from the local currency
Posted: January 30, 2012 in Iraqi Dinar/Politics, Top HeadlinesTags: Baghdad, Central bank, Central Bank Iraq, Iraq, Iraqi dinar, Local currency, Monetary policy, Sulaymaniyah
Baghdad, January 30 (Rn) – The Central Bank of Iraq, on Monday, he began to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of legislation setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him the powers of a change in their local currency.
This comes at a time confirmed the Parliamentary Finance Committee, on Sunday, the central bank lingered in the provision of a bill to delete the zeros from the currency to the Committee for the purpose of his study, confirming the same time the law was passed that would give Iraq an opportunity to address inflation. (more…)
Economist Opinion: Stability of domestic currency enhances the purchasing power of the dinar
Posted: October 31, 2011 in Iraqi Dinar/PoliticsTags: Central bank, Economy of Iraq, exchange rate, Iraq, iraqi, Iraqi dinar, Local currency, Monetary policy
Over a number of economists that the local currency exchange rate stability an important tool designed to curb inflation caused by currency and measurement of volume changes in economic realities as well as enhancing the purchasing power of the dinar.
And Deputy Central Bank Governor mzhrmhamd valid for (economic term): the stability of the Iraqi dinar is considered an important means for targeting inflation and contain and tackle him stating it is one of the achievements of monetary policy in Iraq. Added benefit: monetary policy based on the time a golden triangle alhadarali highest cash reserves in the history of Iraq estimated (59 billion dollars), stable four years arriving with falling inflation to one decimal place.
