Posts Tagged ‘Switzerland’

Ounce gold may exceed $2,000 in 2013

Posted: November 30, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

29-11-2012 09:54 AM

Brings together experts Swiss that the re-election of US President Barack Obama for a second term, gave gold prices momentum pointing in the past few weeks continues even today, as the ounce of gold stabilizes at around 1730 dollars, bringing back optimism to international investors after a lapse of about a year. It was not easy to build financial projections and Geopolitical minutes will provide the guarantees necessary for markets and financial indicators, but today is attributable gold Swiss experts to stick to prices outweigh the Millennial dollars an ounce next year. (more…)

Shabibi: European and Asian countries have shown interest in investing in Iraq

Posted: June 25, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

06/25/2012

BAGHDAD / JD / .. showed European countries and the Asian desire to invest in Iraq on the sidelines of the Bank for International Settlements, which was attended by Central Bank Governor Sinan Shabibi.

The Iraqi Central Bank Governor Sinan Shabibi’s / JD / The “Meeting of the BIS has seen several discussions and a file is present in Iraq’s economic international discussions” .. He Shabibi “The States present at the meeting expressed a significant interest in the economic future of Iraq” (more…)

Shabibi Iraq raises issues of banking in Switzerland

Posted: June 24, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

24/06/2012

BAGHDAD / JD / .. Central Bank of Iraq is preparing to participate in the meetings of the Bank for International Settlements in Switzerland. The governor of the central bank’s Shabibi / JD / “The meetings of the Bank for International Settlements in Switzerland will be held today to discuss issues of international banking and financial as well as the global economic crisis.” (more…)

$3 billion of Iraqi funds in the unknown details of Swiss bank

Posted: November 26, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

26/11/2011

Finance Committee confirms that it will be restored after the issuance of the relevant law

Sources in the House of Representatives for the presence of three billion dollars is not known the details in the banks of Switzerland, while denied the Finance Committee representative that this amounts unknown details revealed that he will be restored after the enactment of the recovery of Iraq’s money from abroad.

(more…)

President Nujaifi off to London tomorrow

Posted: October 9, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

10/8/2011 7:58 PM

BAGHDAD / Aswat al-Iraq: An Iraqi parliamentary delegation will head for London tomorrow (Sunday) upon an invitation by speaker of Parliament of Commons Michael Martin.

The Iraqi delegation will be headed by speaker Usama Nujaifi for a few days visit, according to a parliamentary statement.

The statement, copy received by Aswat al-Iraq, expected that Nujaifi will meet senior British officials to discuss the development of parliamentary issued between the two countries.

The second leg of this visit shall be Swiss Bern to participate in the International Parliaments Conference to be held there, where he will make a speech.

http://bit.ly/pZaRMz

WSJ: G7 Meeting Sets Stage For Widening Currency Woes

Posted: September 9, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

NEW YORK (Dow Jones)–It’s appropriate the Group of Seven is meeting in France. It should make it easier for some G-7 officials to partake of some cheese with their whine.

Europe’s debt crisis is roiling markets worldwide, prompting traders to jettison the euro. The squall buffeting the global economy has sent investors in desperate search for safe harbors. The dollar’s no longer the automatic destination for worriers, thanks to a weak U.S. economy and ultra-accomodative monetary policy.

The ensuing hunt for the next best refuge is making the G-7 meeting in Marseille an uncomfortable affair. Canada and Norway are both faulting Switzerland’s dramatic move to bring the franc, the safe haven of choice until the Swiss National Bank imposed a ceiling on Tuesday, to heel.

In an audacious bout of the pot calling the kettle black, Japan is demanding South Korea stop deliberately weakening the won–mere weeks after the Bank of Japan intervened to undercut the yen’s record strength.

Read More:  http://online.wsj.com/article/BT-CO-20110909-713009.html

 

Bloomberg: Gold Shares to Gain on Pegged Swiss Franc, Collins Stewart Says

Posted: September 6, 2011 in Gold/Silver
Tags: , , , , , , ,

Gold shares may rise after the Swiss central bank set a minimum exchange rate for its currency, a rival to gold as an investor haven, Collins Stewart Plc said.

“The move effectively pegs the Swiss Franc against the euro and now removes one of gold’s competitors as a safe haven asset,” Collins Stewart said in a note today. “This further strengthens the buying case for gold and in particular gold equities that have underperformed the commodity in the last year,” it said, citing African Barrick Gold Plc and Centamin Egypt Ltd. (CEY) as the cheapest among U.K.-based gold miners.

Read more:  http://www.bloomberg.com/news/2011-09-06/gold-shares-may-gain-after-swiss-peg-their-currency-collins-stewart-says.html

Bloomberg: Central Bankers Race to Protect Growth in 72 Hours of Crisis

Posted: August 11, 2011 in Investment Tips, Other Currencies, US Economy
Tags: , , , , , , ,

Central bankers are racing to shield their economies from fiscal tightening and lopsided currency swings that threaten a new global recession.

In the 72 hours after a Group of Seven conference call on Aug. 7, theFederal Reserve pledged to keep interest rates near zero through at least mid-2013, the European Central Bank intervened in bond markets and the Bank of England indicated it’s ready to add more stimulus if needed. Japan signaled renewed concern about the yen and Switzerland yesterday stepped up its fight to curb an “overvalued” franc.

Read More: http://www.bloomberg.com/news/2011-08-10/central-bankers-become-tower-of-strength-amid-debt-turmoil.html

OANDA: Swiss Franc the New Reserve Currency?

Posted: July 29, 2011 in Other Currencies, US Economy
Tags: , , , , , , ,
0

In times of uncertainty, nervous investors historically tend to gravitate towards the CHF and JPY. Today, the CHF printed an all time high against the dollar (0.7990) on the back of Euro-contagion concerns and the US debt ceiling impasse.

From a portfolio perspective, it’s expensive to have all your ‘eggs in one basket’. The Swiss fundamentally have their own issues. This week’s KOF Economic Barometer or leading indicators, came in softer than expected, which should have been negative for the currency, however, with the market being so nervous, the currency is unlikely to see much near term relief.

The market is also propping up the currency as the Swiss government is finding it difficult to recycle their current account surplus. The SNB are not even comfortable with the idea of being a reserve currency. They have proven that intervention has not worked.

Read More: http://forexblog.oanda.com/20110728/swiss-franc-the-new-reserve-currency/

Iraq’s UN Representative attends Swiss economic development forum

Posted: April 13, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Permanent Representative of Iraq to the United Nations Office at Geneva attending the celebration of the Swiss government to the golden jubilee of the establishment of the Swiss economic development to help developing countries

Attended by the Permanent Representative Ambassador Mohammed Ali Hakim, the Swiss government’s call on Friday, 08.04.2011 Under the auspices of the President of the Swiss Confederation Mrs. Michelin Calmy-Rey, President of the Swiss Parliament, the President of Geneva, the celebration marking 50 years since the establishment of the Swiss National Economic Development to help developing countries.

(more…)

Iraq meets the requirements for membership in the WTO

Posted: April 3, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Currency Newshound Commentary: The title to the article suggests Iraq has met its application objectives in order to become a full member of the WTO.

The WTO has asked Iraq to work toward its development in the private sector (manufacturing, agricultural, etc) so as to compete equally with other WTO members once a full member which logically makes sense.  Therefore (according to this article) Iraq is set for full membership but it must improve its private sector for future trade prior to becoming a member.

Iraq has been working dilegently on its private sector development over the past 6 to 12 months.

The United States is working directly with Iraq (according to this article and others) in order to ease Iraq into WTO full member status.

—

علم 'منظمة التجارة العالمية' يرفرف على مقرها في جنيف

Completed the National Committee to join the “WTO” operational scheme of the legislation requested by the Organization of Iraq to be an active member in it.

A member of the committee affiliated to the Ministry of Commerce Qais Maiov Radio Free Iraq that the Committee had completed this plan, which includes 27 paragraphs between the law and the draft law, and the preparation of initial bid for items based on the law of customs tariff, after more than six years on Iraq’s membership as an observer in the Organization world trade.

(more…)

China Minister: To Cut Tariffs If Doha Round Talk Ends Successfully

Posted: January 30, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

China will cut certain tariffs if the Doha round of global trade talks completes successfully, Chinese Commerce Minister Chen Deming said at Davos of Switzerland Friday, the Caixin Media reported Saturday.

He didn’t give further details.

 

Read more: http://www.foxbusiness.com/markets/2011/01/29/china-minister-cut-tariffs-doha-round-talk-ends-successfully-report/#ixzz1CV5LutYD