Denied the Iraqi Central Bank, Friday, reports by the media about the low reserves of gold, stressing that it saw stable over the past several months.
The bank said in a statement received by news agency public opinion … today that “no truth to the news reported by some media on the low bank reserves of gold,” he said, adding that this reserve “witnessed stable over the past months.” (more…)
Published on Sunday, December 30 1 / December 2012 13:00
BAGHDAD / Obelisk: A source in the Office of Financial Supervision, Sunday, that the final figures for the federal budget and expenses quotas ministries and state institutions all of 2012 will appear early next year after the close of the final accounts of the ministries. (more…)
The Ministry of Planning and Development Cooperation of Iraq, Sunday, low monthly inflation index for the month of October last in Iraq rose 1.2 percent due to lower food prices and non-alcoholic beverages across the country.
As indicated annual inflation rate rose to 4.8 percent rate. He said ministry Spokesman Abdul Zahra al-Hindawi told a journalist, “The Central Bureau of Statistics of the Ministry of Planning completed the inflation report for the month of October 2012,” noting that ” the report was completed on the basis of field data collection for prices of goods and services components of the consumer basket of selected sample of outlets in all Governorates of Iraq. ” (more…)
Full numbers for Iraq’s November 2011 oil exports and profits were finally released, and showed a rebound on all counts after a two month dip. The price for Iraqi crude went up along with exports, leading to a rise in revenue for Iraq last montn. Despite this, Iraq’s production has still hit a plateau due to infrastructure limitations, and the country is having problems paying foreign companies that are responsible for the increases.
As reported before, Iraq’s oil exports rebounded in November after going down for the previous two months. In November, the country shipped an average of 2.13 million barrels a day, compared to 2.08 million in October, and 2.10 million in September. Last month’s average was not as high as August however, when Iraq exported 2.19 million barrels. The price of one barrel of Iraqi crude also increased from $104.43 in October to $106.59 in November. (more…)
