16-12-2012 10:00 AM
Revealed estimates contained in the budget in 2013 to nearly 9 trillion dinars will go to the settlement of external debt.
A report carried by the budget agency ‘JD’ that the total amount of debt settlement and compensation Iraq up to foreign DT 8.829,436.500. (more…)
12/15/2012
BAGHDAD / JD / .. revealed estimates contained in the budget of 20,013 that nearly 9 trillion go to settlement of external debt.
report said the budget obtained by the agency / JD / The total amount of debt settlement and compensation Iraq Foreign reach 8.829,436.500. (more…)
Iraq’s foreign debt and protect his money
SUNDAY, OCTOBER 14, 2012 06:03
D. Appearance of Mohammed Saleh
Issued Security Council Resolution 1956 in December 15, 2010 to lift the immunity from Iraqi funds deposited in the official out of the country. The immunity based mainly on a UN Security Council resolution 1483 in May 2003 on Iraq’s exports of oil, gas and petroleum products and returns confiscated or placed under legal seizure by creditors of Iraq during the reign of the former regime. After removal of immunity is possible for Iraq to be subjected to legal action unfriendly from the remnants of trade creditors of the previous era system. (more…)
Does not support the work of the Central Bank of the determinants and only national but also international ones. If the central bank is a bank banks nationally, the IMF is its central bank globally.
Iraq was one of the first 45 parties Enterprise Fund (1945) .. After the new foundations of the international monetary system NP agreements “Bretton Woods” .. Has been identified the basic mission of the Fund to assist States to stabilize exchange rates, and insurance soft Alciolat for balance of payments support, and emergency weather the financial crisis, and strengthen their financial, monetary and economic. (more…)
09/17/2012
BAGHDAD / JD / .. intends Jordanian government to discuss the issue of debt on Iraq, amounting to a billion dollars, during a meeting with Iraqi Minister of Finance tomorrow.
held in the Jordanian capital Amman this week talks ministerial Jordanian-Iraqi to promote trade and economic relations between the two countries, and discussed aspects of cooperation in all fields, and that on the sidelines of the session 26 of the Trade Committee Jordanian-Iraqi Joint headed by Minister of Industry and Trade Shabib Ammari and Iraqi Minister of Finance Rafie al-Issawi, which Stbdogda Tuesday. (more…)
Sep 14, 2012
Iraq’s sovereign debt outperformed issues from the region this year, with hedge fund managers betting on healthy oil revenues and growing economic and financial strength for the country.
But the current political crisis has raised worries the recent bond rally may fizzle out.
The Paris Club agreement was set up in 2004 to restructure Iraq’s pre-Saddam era public debt of US$37 billion (Dh135.9bn), of which creditors agreed to cancel 80 per cent, while the remaining $7.4bn was rescheduled into a series of loans denominated in currencies. (more…)
29/08/2012 07:05 PM
Central Bank of Iraq for “debt settlement more than 13 thousand creditor commercial for Iraq outside the Paris Club.
Said the deputy governor of the Bank the appearance of Mohammed Saleh told the National Iraqi News yesterday that” the amount that was settled for trade creditors is $ 21 billion the rest of it about $ 2.7 billion to pay government bonds repayable in 2028 Pfaúd 5.8%. (more…)
D. The appearance of Mohammed Saleh
To hide that the monetary policy adopted by the Central Bank of Iraq Adhiraa of Foreign Affairs of less importance for their instruments of Interior in meeting the objectives of that policy in maintaining economic stability and reducing inflation and the deepening of financial stability, which is in the interest of economic development of the country. (more…)
Erbil, June 6 (Rn) – The Iraqi government announced on Wednesday that the adoption of my recommendation to the Ministerial Committee for ensuring the protection of Iraqi funds fall within the fulfillment of international obligations and the completion of the items that resulted from Iraq by the policies of the former regime.
The Cabinet had decided at its twenty-fourth session on Tuesday approved my recommendation to the Ministerial Committee for ensuring the protection of Iraqi funds. (more…)
TUESDAY, JUNE 5, 2012 19:25
Iraqi government approved on Tuesday, two recommendations of the ministerial committee in order to continue to protect his assets abroad and pay the debt.
And took the Ministerial Committee on the Status of a mechanism to ensure the protection of Iraqi funds last April, a series of resolutions and recommendation submitted to the Cabinet for submission to the Presidency of the Republic to apply to Washington to extend the protection of funds abroad for another year. (more…)
2012.06.3
Baghdad on June 03 / (QNA) / Central Bank of Iraq announced that the national currency / dinar / on the way to improvement through the return of the spread of trading in global financial markets, stressing that the right of equality Iraq peg to the dollar, as it is now open economically to the world, nor can re-isolation from the international incubator. (more…)
BAGHDAD – My Day
The Central Bank of Iraq that “the Iraqi bonds international sovereign issued under the Paris Club granted the proportion of the benefits of higher / unspecified / making it bought at high prices compared by the rest of the sovereign bonds for the rest of the countries that confer benefits by about 2% and the Deputy Governor of Bank of the appearance of Mohammed Saleh: surplus in the current account of balance of payments of Iraq amounted to about 10% relative to GDP (national income). (more…)
Date: Monday 05/28/2012 19:55
Iraq as much as the balance of the reserve of gold and hard currency in 1971 between 34 and 37 billion
The first
D. Accustomed Naji al-Hamdani
Iraqi economy faces significant challenges in the forefront the problem of external debt and the devaluation of national currency against foreign currencies and nasty deterioration in agricultural production and industrial services and the lack of clean drinking daily Kme, electricity, transport, and health services, education, housing and other basic services. (more…)
BAGHDAD – Babinaoz (Reuters) – Iraq from nations involved in the Arab League summit on Tuesday to drop his debts in the period before the invasion and urged them to follow the lead of the United Arab Emirates, Algeria, which has already agreed to write off debts of Baghdad. Rafie al-Issawi said Iraqi Minister of Finance on the first day of the summit to be held in Baghdad for the first time after the war that Iraq has asked Saudi Arabia, Kuwait, Qatar, Libya, Jordan, Sudan, Egypt and Morocco to help him to settle his debts. (more…)
BAGHDAD / Baghdadiya News / .. to coincide with the visit of an Iraqi ministerial delegation headed by Finance Minister Rafie al-Issawi the Jordanian capital, Amman, informed sources revealed that the Kingdom is currently seeking to satisfy the debt owed by Iraq
A new trade agreements, despite opposition from the Paris Club. (more…)
Reports by the Egyptian press, Sunday, for the Egyptian government refused an offer by Iraq to ensure the provision of out of private sector debt, estimated at about $ 408 million, claiming that this was not to acquire the right to waive the debt.
The Egyptian newspaper in a report seen by “Twilight News” that “the Egyptian government received an official invitation from Iraq to ensure the provision of out of private sector debt, estimated at about $ 408 million, the value of remittances from Egyptians private remittances for more than a yellow 20 years. “
The newspaper said that “the Egyptian government has rejected the Iraqi offer, which included the benefits of debt subject to the rules of the Paris Club, which provides for exempting Iraq from 80% of them, and bonds in 15 years the proportion of the remaining 20%.” (more…)
Revealed a senior political source from the failure of Hashemite Kingdom of Jordan to pay the price of Iraqi oil imported by Oman at preferential prices, pointing out that the latter argue not to resolve a debt on Baghdad.
The source, who is close to the circles of senior government, that “Iraq has resumed two years ago to provide suffered by 10 thousand barrels of crude oil at preferential rates of not more than $ 30 while the world oil prices exceeded the barrier of $ 100 per barrel. “
Finance Minister Rafie al-Issawi, Sunday, the existence of debt for Iraq owed on the Jordanian side since 2003, worth $ 120 million, is instead of eighths of oil released to Jordan in a precedent, and noted that there are problematic with regard to the generality of the debt issue with the Jordanian side , confirming that this file is still under discussion in the joint committees.
Issawi said on the sidelines of the first day of the World Economic Forum at the Dead Sea, “Iraq has a debt owed on the Jordanian side since 2003, worth $ 120 million, instead of the prices of oil previously issued, and this file is still under discussion in the joint committees.”
2011-09-26 10:45
Neighbourhood: He adviser to the CBI the appearance of Mohammed Saleh, said that figures quoted by the «Board of Supreme Audit» in the Ministry of Finance and Central Bank of Iraq in the file of Iraq’s debt is «tentative signs» by negotiation, and added that these figures are subject to change and, therefore, that negotiate the debt with the creditor countries would facilitate access to the final figures, after being around the settlement of all belongings, including interest rates.
Baghdad, September 21 / Spettmar (Rn) – A number of experts and analysts, Wednesday fears of the inability of Iraq to protect his money because of the weakness of the work of the specialized government to protect the money.
The economist said the head of the center on the Iraqi market Ke Ji told the Kurdish Naba (Rn) that “the Committee to Protect Iraqi funds from trade creditors to the lack of transparency and clarity.”
He Ke Ji that “Washington would not renew its control over Iraqi funds after the end of the period specified in next June to address the lack of government debt.”
He pointed out that “protecting the American money that is supposed to Atstdm its procedures with the Paris Club agreement in the payment of government debt in the development of a mechanism to prevent the penetration of commercial creditors.”
Bad debt
Iraq remains bound in a bundle of international resolutions and the schemas border coercive and debt as a result of policies reckless regime of Saddam regime and his wars senseless loss-making, and if the Iraqi government has succeeded in extinguishing a lot of debt Europe through the Paris Club.
Some neighboring countries are still pressing for more extortion, taking advantage of circumstances the current exceptional, some neighboring countries affected by the policy of the former regime and aggressiveness stands at the opposite of the political process instead of support, and reflect the positions of the higher interests of the country.
Baghdad, August 23 / August (Rn) – The Iraqi Ministry of Finance of the Federal, Tuesday, they decided to pay the debts of Egyptian workers and $ 400 million.
A spokesman for the ministry Zaid Zamel told the Kurdish news agency (Rn) that “the Ministry of Finance decided to pay the debts of the Egyptian labor and $ 400 million because they do not conflict with the Paris Club agreement.”
And shape at the beginning of August the Iraqi / August finance committee and legal resolving the debt problem of Egyptian workers.
CBI: Reduce the proportion of 85 percent of the debt owed by Iraq
16/08/2011 PM – 10:07 AM
The central bank for the balance of 2012 will be submitted to the General Secretariat of the Council of Ministers in September next, up 10 percent for the current year’s budget, as announced so far have been cut 85 percent of the debt of the country.
The deputy governor of the Bank the appearance of Mohammed in a press statement that “the Ministry of Finance will raise the budget year 2012 to the General Secretariat of the Council of Ministers through next September, adding that the budget calculated price of a barrel of oil at $ 85.
August 4 2011
Iraq’s public debt loans are becoming increasingly popular among hedge fund managers and wealth fund managers as the country’s economic outlook and political landscape improves, Exotix said yesterday.
The Paris Club agreement was set up in 2004 to restructure Iraq’s pre-Saddam era public debt of US$37 billion, of which creditors agreed to cancel 80 per cent, while the remaining $7.4 bn was rescheduled into a series of loans denominated in several currencies.
“Some of the loans which were held by governments around the world have been sold at their market price to secondary markets,” said Gabriel Stern, a senior economist at Exotix, the investment bank based in London. “The investors are ones who can afford to be in an illiquid instrument, which trade every couple of weeks,” he said. Mr Stern has a “buy” rating on the loans.
A parliamentary committee: Iraq is unable to disburse dues of Egyptian labor
Baghdad, June 4 (Rn) – An Iraqi parliamentary committee on Saturday that Iraq is “unable” to disburse dues of Egyptian workers, amounting to about $ 400 million because of “economic problems” facing the country.
Egypt stresses that the rights and achievements of the Egyptian labor “red line”, and that the zero value of remittances did not fall where the rights of Egyptian workers as a result of limitations or change the Iraqi regime in 2003.
On: Saturday 06/04/2011 10:32
Baghdad (News): confirmed the Finance Committee that Kuwait does not want direct negotiations to resolve the problem and the financial crisis with Iraq. A member of the Finance Committee and MP / National Alliance /
Abdul Hussein al-Yasiri in a statement to correspondent Agency (news) on Saturday: The “Kuwait does not want negotiations direct between them and Iraq to resolve problems and crises
Especially financial, as evidenced by what I did to freeze Iraq’s assets in Jordan without recourse to the dialogues before taking this step. “
Dohuk, June 3 (Rn) – A member of the Finance Committee on Friday that the Iraqi parliamentary entitlements of Egyptian labor is part of the debt owed by Iraq.
Egypt stresses that the value of zero transfers the rights of workers did not fall Egyptians which has a statute or as a result of regime change in Iraq in 2003.
It is expected to hand over Iraq, the Egyptian labor dues before the month of Ramadan.
Financial stresses that it is launching debts owed by Iraq
The Ministry of Finance of Iraq, on Wednesday, it will launch the funds Bzmtha to the Egyptian government, indicating that the Council of Ministers approved the disbursement of funds exceeding a moratorium on the balance sheet of the Shiite financial savings derived from the increase in oil prices.
He said Finance Minister Rafie al-Issawi in an interview for “Alsumaria News”, “Egyptian debts dusty owed by Iraq is divided into two categories, first is the government debt and the second is the debt of the private sector (remittances yellow), which is not defined as a religion but is the money transferred was reserved in the Central Bank, “asserting that” Iraq would be the money that is negotiated with the Egyptian government Egyptian government debt according to the Paris Club agreement. “
Palm – accused the Kuwaiti ambassador to Iraq, Monday, some members of the Iraqi Council of Representatives and the Council of the nation of Kuwait and the Iraqi media of fomenting the situation between the two countries between the stage and another, and as confirmed that the debt owed by Iraq back to periods before the reign of Saddam Hussein’s regime, emphasized the lack of the possibility of cancellation without a law passed in the legislature.
