Posts Tagged ‘Radio Free Iraq’

US urges Iraq to pass Oil Law says Iraq’s ambassador to the United States

Posted: June 4, 2012 in Iraqi Dinar/Politics
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Iraq’s ambassador to the United States: Washington urged to pass the oil law

Since the signing of conventions (the withdrawal of troops, and the strategic framework) between Iraq and the United States the end of 2008 seemed to reign ending dark chapter of international sanctions, trusteeship UN, and restore full sovereignty of Iraq and his international stature, as promised to the two conventions to save its security and maintenance of the integrity of general internal and external threats , after the complex situations difficult that the country experienced since the entry of U.S. troops to Baghdad and overthrow the former regime in 2003. (more…)

U.S. ambassador: Washington will not support the Kurds if they tried to secede

Posted: May 27, 2012 in Iraqi Dinar/Politics
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26.05.2012

Description of the U.S. Ambassador to Iraq, James Jeffrey political crisis, taking place in Iraq now, as the most serious since the overthrow of the regime of Saddam Hussein in 2003. (more…)

Oil and gas law to parliament in June next

Posted: April 21, 2012 in Iraqi Dinar/Politics
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20.04.2012

Confirmed to the Committee on Energy in the House of Representatives that the law, oil and gas controversial will be presented to Parliament for discussion after the end of the holiday Legislative Council in mid-June.

A member of the Kurdistan Alliance MP Qassem Mohammad Qasim that the vote was within the Commission to adopt the 2007 version of the law of oil and gas, adding that the parliament will be some additions and amendments to this version before it is put on the House of Representatives for a vote. (more…)

Oil and gas law to parliament in June next

Posted: April 20, 2012 in Iraqi Dinar/Politics
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Please note: This article was submitted to TheCurrencyNewshound however has no valid source link. Therefore it is unverified at this point.

20.04.2012

Confirmed to the Committee on Energy in the House of Representatives that the law, oil and gas controversial will be presented to Parliament for discussion after the end of the holiday Legislative Council in mid-June.

A member of the Kurdistan Alliance MP Qassem Mohammad Qasim that the vote was within the Commission to adopt the 2007 version of the law of oil and gas, adding that the parliament will be some additions and amendments to this version before it is put on the House of Representatives for a vote. (more…)

Economist warning there is a likelihood of continued inflation in Iraq

Posted: April 2, 2012 in Iraqi Dinar/Politics
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01.04.2012
Warned economists continue to increase the rate of inflation and the high index of prices in the country despite assurances to the Iraqi Central Bank last that this escalation is still “within the borders controlled.” (more…)

A ministerial committee to prepare for Maliki’s visit to Kuwait

Posted: March 8, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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Posted 08/03/2012 08:14 AM

BAGHDAD – Babinaoz (Reuters) – The Iraqi government announced the formation of a special ministerial committee to prepare for the visit of Prime Minister Nuri al-Maliki to the State of Kuwait on 14 this March.

The Iraqi government spokesman Ali al-Dabbagh said in a statement that the Council of Ministers decided to form a ministerial committee to discuss the outstanding issues between Iraq and Kuwait and the preparation of all the primitives required to enable the government delegation which will visit Kuwait, to negotiate with the Kuwaiti side to find solutions that preserve the interests of Iraq and its people and end the problems that encountered in the development of a positive relationship between the two countries and two peoples and an end to the problems inherited, in the words of the statement did not address the nature of the files prepared for the delegation of the Iraqi negotiating team. (more…)

U.S. gives assurances to protect Iraq’s money for another year

Posted: March 5, 2012 in Iraqi Dinar/Politics
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Date: Monday 05/03/2012 10:32

The Iraqi government announced it had received assurances from Washington to extend the term of protection of the United States to Iraqi funds for one additional year from the twenty-second of May next

and the adviser said Iraqi Prime Minister for Legal Affairs Fadhil Mohammed Jawad, said the Iraqi government formally asked its counterpart the U.S. to extend the protection of Iraqi funds for the year (more…)

CBI refuses to stop the auction sale of currency; Says no means to stop the auctions

Posted: February 4, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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Strong demand for the dollar in Iran

03.02.2012

Market has seen the currency in Iraq last month, troubled as a result of the surge in demand for foreign currencies, especially the dollar, which pride Iraqi bodies related to the procurement wide by some neighboring countries, especially Iran, which suffer from the pressure of international sanctions on its economy, in addition to Syria, which suffer disorders of local and wide.

This has led the turmoil Economic Committee in the Iraqi Council of Representatives to call on the central bank officially stop its daily auction to sell the currency, until the issuance of instructions that specify the entities that are entitled to deal with hard currency, to ensure that leaked out of Iraq in accordance with said committee chairman Dr Ahmed Al-Alwani. (more…)

Iraqi banks offer broad partnership with French counterpart

Posted: January 17, 2012 in Iraqi Dinar/Politics
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Date: Monday, 01/16/2012 19:47

Council is seeking employers to persuade the Iraqi French French companies to expand their investments in Iraq during the fourth meeting of the Council to be held in Baghdad on Wednesday.

As part of his bid, ask this Council a set of axes regulatory and economic, including requiring the French company member with the Council and working in various sectors of banking, industrial, agricultural and commercial «to be its participation in investment projects within the country through the field representation directly and through partnership with the Iraqi side exclusively». (more…)

Credit cards guaranteed world in Iraq

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Trade Bank of Iraq's Logo

14.01.2012

Trade Bank of Iraq announced that a high-quality credit card will be issued for the first time in Iraq and in cooperation with international banks and companies sober, in a move to increase the volume of credit card transactions in Iraq.

And describes the director of the Bank Hamdiya dry to the credit card new will be issued two types; Gold Card, which will be given to all citizens who wish to do so, and the size of a credit at least 500 thousand dinars, and cards, “Infinity,” which will be allocated to the category of business, the size of a credit than one hundred thousand dollars.

Showed dry in an interview with Radio Free Iraq that the Trade Bank of Iraq was the only bank in the country which has the membership of companies (Visa) and MasterCard World Wars, and points out that the bank plans to raise the credit limit of the bank in international banks by increasing the capital of 500 billion Iraqi dinars to 1,000 billion dinars. (more…)

Minimize the importance of reports on the fraud of the currency in Iraq

Posted: December 19, 2011 in Iraqi Dinar/Politics
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19.12.2011

Iraqi Central Bank reduced the significance of the reports indicated the prevalence of counterfeiting in Iraq, whether local or foreign ones.

The bank adviser said the appearance of Mohammed Saleh, said that those reports were exaggerated, and untrue to the existence of significant fraud in Iraq, adding that the rates of counterfeiting in the country is very small, have not changed since the founding of the Central Bank so far.

Press reports had spoken of turning Iraq into a center for counterfeiting of currency in the region after the spread of gangs specialized in forging local and foreign currencies in various Iraqi cities, as quoted by the reports from economists Iraqis saying that there are foreign countries have old conflicts with Iraq contributing to the making or passing counterfeit currency into the country in order to sabotage the Iraqi economy. (more…)

CBI says important for Iraqi parliament to be convinced to deleted 3 zeroes from the dinar

Posted: December 17, 2011 in Iraqi Dinar/Politics
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The central importance of the Iraqi parliament to convince deleted 3 zeroes from the dinar

16.12.2011

The center of divergence of views, economists about the timing and feasibility of the project to delete three zeros from the dinar, the official predicted that the Central Bank of Iraq is the implementation of this project in 2013. The Central Bank of Iraq discuss the details of the project with the Commission on the economy and investment in the Iraqi Council of Representatives.

Deputy Governor of the Central Bank of Iraq appearance of Dr. Mohammed Saleh In a statement made by Radio Free Iraq, confirmed that the atmosphere of the discussions were positive, and the bank was able to answer all questions and inquiries of the Parliamentary Committee, which heard a detailed explanation on this subject, and convinced of the project and its positive effects on the economy Iraq, adding that the project is also referred to the Economic Committee in the Cabinet for discussion. (more…)

120 laws head to Iraqi House of Representatives during the new legislative term

Posted: November 13, 2011 in Iraqi Dinar/Politics
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Most notably the budget 2012 and a general amnesty and infrastructure

House opens next week and the new legislative term challenges in front of him among the most prominent discussion and approval of dozens of laws. A source for the early parliamentary »Sabah» for the presence of more than 300 bill is still under discussion, debate and approval, such as readings.

The source said that the parliament in this chapter will focus on about 120 law and will work to pass between 40 to 50 law.

He announced that the House Speaker Osama Najafi, one of them will be held two meetings of the presidium of the parliament and other leaders of the parliamentary blocs to seek to accelerate the adoption of important laws. (more…)

Iraq To Open Center To Identify Hussein-Era Human Remains

Posted: September 29, 2011 in Iraqi Dinar/Politics
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BAGHDAD — Iraq’s Human Rights Ministry has decided to create a center tasked with identifying the thousands of unidentified bodies found in Saddam Hussein-era mass graves in Iraq, RFE/RL’s Radio Free Iraq (RFI) reports.

Human Rights Ministry spokesman Kamil Amin told RFI on September 20 that the unresolved situation has pushed the ministry to establish the special center, which will work with other ministries and health institutions to identify the remains from mass graves.

“This is a huge and very ambitious project that will need governmental and political support,” Amin said. “We also asked many other countries with similar experiences for help, such as Bosnia-Herzegovina,” he added.

The Hussein regime used to arbitrarily arrest, torture, and often kill and bury anyone suspected of being an opponent of the government.

(more…)

Obama announced America’s continued support for Iraq

Posted: September 23, 2011 in Iraqi Dinar/Politics
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President Obama spoke at the session 66 for Assembly

President Obama spoke at the session 66 for Assembly

The Iraqi government welcomed the statement in the speech of President Barack Obama in the General Assembly of the United Nations, who pointed out that U.S. military operations in Iraq will expire by the end of this year’s media adviser to Iraqi Prime Minister Ali al-Moussawi said the Iraqi government appreciates the U.S. stand on this, and expected that the coming period would witness a remarkable development in the nature of relations between Baghdad and Washington on all levels.

and char President Obama in his speech also said that the United States will establish normal relations with Iraq, and will deal with him as a sovereign state, and will support his government and its security forces and people and their aspirations. Deputy Chairman of the Committee Security and Defense Council of Representatives Alexander and berries that Washington’s assurances to provide uninterrupted support for Iraq would contribute to strengthening security and stability, and democracy-building in the country.

(more…)

Debate over ‘Dropping of the Zeros’ bill begins in Iraqi House of Representatives; Raises fears of Parliamentarians

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Inflation block the Iraqi currency

Deletion of zeros from Iraqi dinar raises fears of Parliamentarians

Inflation block the Iraqi currency
09.09.2011
Samira Ali Mandi - www.iraqhurr.org

With the arrival of a bill deleting zeros from Iraqi dinar to the Iraqi Council of Representatives, began the debate in parliamentary circles about the feasibility of adoption of this project at the moment, and raised questions about the assurances of the Central Bank about the economic benefits of the move.

The Rapporteur of the Committee of Finance in the Iraqi Council of Representatives Rep. Najiba Najib, said that the Finance Committee discussed with the governor of the central bank and general managers in the bank bill deleting zeros from the dinar and asked to prepare a study on the reasons for its adoption and its advantages on the Iraqi economy, and drew Najiba to the fears of the high proportion of inflation.

(more…)

Iraq Pads Currency Reserves On High Oil Prices

Posted: September 7, 2011 in Iraqi Dinar/Politics
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Iraq depends on oil revenues for about 95 percent of its budget.

September 07, 2011
BAGHDAD — The Iraqi Central Bank has announced a large increase in the country’s foreign-currency reserves, RFE/RL’s Radio Free Iraq reports.

Mudher Muhammad Salih, an adviser to Central Bank Governor Sinan al-Shabibi, told RFE/RL on September 6 that the bank’s reserves “are now at about $58 billion.”

He said that was an increase from the $50 billion in foreign currency reserves it had at the end of 2010.

(more…)

Deletion of zeros from Iraqi dinar health economic evidence

Posted: September 4, 2011 in Iraqi Dinar/Politics
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Since the central bank announced a plan to the deletion of three zeros from the Iraqi currency minting a coin to the banknotes currently in circulation.

He reviewed the Central Bank at the time, the difficulties caused by the current Iraqi currency Pfiadtha led by a handful of zeros in the trade. He pointed to the harassment caused by the currency of the citizen who should be used as bags packed stacks of dinars to purchase goods is simple.

Also, dealing with piles of dinars in daily life in this way preclude the use of automated teller machines, which have become common in other countries but still is a process in Iraq.

Due to the intrusion of zeros the Iraqi dinar to the days of hyperinflation that brought the value of national currency as a result of previous wars and the subsequent UN sanctions destroyed Iraq’s economy and sent the currency of Iraq to the paper was printing the former regime, issued in large quantities without the lid.

(more…)

Planning a strategy to address unemployment in Iraq

Posted: September 2, 2011 in Iraqi Dinar/Politics
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30.08.2011

Embarked and the Ministry of Planning in conjunction and coordination with ministries and other bodies to develop a perception of a scientific and clear about the reality and ways to address the phenomenon of unemployment which has become a problem of political, economic and even security in Iraq today.

After the government announced over the past eight years a number of projects and plans to address this phenomenon, without This results in a clear results, announced in Baghdad recently to issue a document of a national strategy of operating in Iraq, which he says a spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi, it will provide three million jobs in the timeframe extends to three years.

(more…)

Adviser to the owners of raising the ceiling of the opening credits to stimulate the private banking sector

Posted: August 26, 2011 in Iraqi Dinar/Politics
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Economic Commission revealed at the head of the Iraqi government that it would soon put the controls that are approved under which private banks to open credits for investment and development projects of up to U.S. $ 4 million after the roof was limited to two million dollars.

The Advisor to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge of Radio Free Iraq that the decision to raise the ceiling on bank credits designed to achieve two main goals. The first goal is the revitalization of the private banking sector and support “if we know that the rate of participation in the process of financing the development does not exceed 3% so far,” as he put it.

(more…)

Iraq List calls for resolving the candidates file the security ministries

Posted: August 20, 2011 in Iraqi Dinar/Politics
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A meeting of political leaders in Iraq at the home of Talabani

20.08.2011

In the absence of agreement between the Iraqi political forces to resolve a security ministries and selecting candidates for the ministries of Defense and Interior, said the coalition in Iraq that he had asked President Jalal Talabani, an urgent meeting of leaders of political blocs in the country to study the names of candidates presented by the filling of the Ministry of Defence.

He says coalition member Iraqi Ahmed electrodes that the last meeting of the leaders of political blocs, which was held earlier this month at the home of President of the Republic has agreed to submit the names of candidates for the ministries of security within two weeks, noting in an interview with Radio Free Iraq that the coalition committed to the time limit provided the names of candidates and the Ministry of Defence before the end days.

(more…)

A new draft of the oil and gas law to parliament; First reading now planned for next week after being postponed Thursday

Posted: August 12, 2011 in Iraqi Dinar/Politics
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12.08.2011

Oil field in Kirkuk

Despite the importance of a oil and gas, Iraq still does not have a law regulating this vital sector.

The push to postpone the adoption of this law for four years, the Energy Committee in the Iraqi Council of Representatives to submit a draft of a new law, hoping to contribute to raising the level of Iraq’s production of crude oil, and solve many problems, most notably the dispute between the KRG and the federal government on oil investment in the region .

Iraqi Council of Representatives and during Thursday’s meeting decided to postpone the first reading of the draft of the new law, and expect Congress to be discussed next week. The House of Representatives warned the government earlier this month that he would approve a new oil law has been delayed considerably if the government continued to impede the primary legislation, which sees investors basic guarantee of stability.

(more…)

The CBI’s plan for reducing the Iraqi dinar

Posted: August 4, 2011 in Iraqi Dinar/Politics
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Paper of 25,000 dinars

04.08.2011

The oil wealth and progress of the proceeds of abundant, secure the cover of the national currency with the Iraqi dinar has become one of the strongest currencies in the Middle East.

The central bank has the distribution of foreign exchange reserves in a basket of currencies like the dollar and the pound sterling and the Japanese yen as well as its reserve of gold so that the cover of the Iraqi dinar remains strong, regardless of fluctuations in the currency market.

(more…)

A bill to restore the Iraqi funds

Posted: July 28, 2011 in Iraqi Dinar/Politics
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27.07.2011

Revealed the source of the Finance Committee of the Iraqi Council of Representatives that the committee will be presented to the Council shortly bill creation of a special fund for the restoration of Iraqi funds, which accounted for people or companies illegally either during the reign of former or after the year 2003.

(more…)

Iraq Parliament poised to pass a law reconstruction of infrastructure law;

Posted: July 24, 2011 in Iraqi Dinar/Politics
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24.07.2011

Announced that the Economic Committee in the Iraqi parliament close to approving a bill the reconstruction of infrastructure and the development of service sectors, which was approved by the Iraqi government two years ago and has allocated $ 70 billion, but it is not passed in the previous parliamentary session and caused for a lot of debate within the parliament.

(more…)

Economists analyze the reasons for the recent rise of inflation rate

Posted: July 24, 2011 in Iraqi Dinar/Politics
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Varied readings economists Iraqis regarding the reasons for the high rate of inflation is the basis for the month of June, which amounted to 6.4% according to a statement the Iraqi Central Bank’s measure indicators of inflation.

In his analysis of the Radio Free Iraq on the impact of high inflation on the economies of the ordinary citizen and the general situation of the domestic market, said a researcher at the Center for Economic Studies, University of Mustansiriya Star-Bayati, “The actions of the General Authority for Customs judge would impose tax on the entry of imported goods, especially consumer of the reason the foundation in the high index of prices and thus higher inflation.”

(more…)

UN ends control over Iraq’s money; Step towards CH VII exit says Saleh

Posted: July 2, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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02.07.2011
Received the Iraqi government from the first of July the responsibility of the Development Fund for Iraq, after eight years under this fund which under the tutelage of the United Nations through the International Advisory and Monitoring.

The UN Security Council issued a statement welcoming the transfer of responsibility of the fund and the supervision of the International Advisory and Monitoring to the Iraqi committee financial experts.

(more…)

International banks are deterred from entering Iraq due to Chapter VII

Posted: June 30, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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Chapter VII Obstacle in the Way of Advancement of the Banking Sector

Long live Iraq, long years in isolation almost completely from the outside world and its development because of the adventures of the former regime, and this isolation to the failure of vital economic sectors behind the accelerating progress at various levels, and contributed to the consecration of such failure the policy of the previous regime of central planning and controlling the bureaucracy on the national economy in all joints. and the banking sector was most affected by this international isolation and economic Alawamra at home.

(more…)

Iraqi Parliament To Move To New Building

Posted: June 29, 2011 in Iraqi Dinar/Politics
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An Iraqi parliament session in BaghdadBAGHDAD — Iraqi lawmakers have decided to vacate their premises in the capital city’s well-protected Green Zone and move to a new building in central Baghdad, RFE/RL’s Radio Free Iraq (RFI) reports.

Parliament rapporteur Muhammad al-Khalidi told RFI today that the legislature has approved a $1 billion plan for a new parliament building not far from the National Museum in downtown Baghdad.

He said the parliament is currently housed in the Palace of Conventions inside the Green Zone, which is designed for conferences rather than parliamentary sessions.

(more…)

Iraq Said To Be Planning Currency Overhaul, Redenomination

Posted: June 24, 2011 in Iraqi Dinar/Politics
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Iraq's 25,000-dinar banknotes apparently won't get you as far as they used to.June 24, 2011
BAGHDAD — A senior Iraqi Central Bank adviser says the government has adopted a two-pronged plan to restructure the national currency in order to facilitate large transactions and make government accounts more efficient, RFE/RL’s Radio Free Iraq (RFI) reports.

Mudhhir Muhammad Salih, a member of the bank’s advisory panel, told RFI on June 23 that in the short term, larger banknote denominations of the dinar will be issued to simplify major transactions.

He said that because so many Iraqis still deal mainly in cash, it is cumbersome to carry bags full of money to pay for expensive items like cars. The inconvenience leads people making such purchases — as well as many entrepreneurs — to use dollars for those kinds of transactions instead of dinars, something the government wants to end.

(more…)

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