Posts Tagged ‘IQD’

Screen Shot 2013-11-27 at 1.09.09 AMStapes: the process of deleting the zeros working to raise the value of the dinar against the dollar
27-11-2013 08:47 AM

Baghdad (news) .. A member of the Economic Commission MP / National Alliance / Ibrahim stirrup, that the high price of the dollar depends on the ratio of supply and demand in the auction sale of the currency in the central bank.

said stirrup (of the Agency news): The high exchange rate of the U.S. dollar against the Iraqi dinar is affected by security conditions taking place in Iraq and demand it through legal or illegal as a matter of money laundering. (more…)

Only in Iraq .. Paper currency does not respect once torn

JD / Abbas Al traveler / .. Did not believe the Iraqis that they got rid of the problem “coins counterfeit” and that has spread dramatically days of the dictatorial regime and lost causing some citizens big money, even caught in the problem of not less affair about, namely money, “damaged and torn” and traded in large quantities in local markets now.

faces of Iraqi citizens every day the currency issue damaged in addition to his struggle with life crisis “paper money damaged,” which have to take them forced no free will of the bank through salaries, or by dealing in the market buying and selling, but in return refrain some shop owners or motorists handled. (more…)

e4acca09-44be-484a-a72a-c6056ed31581.jpgIraq Business Directory – 05/26/2013 – 6:22 pm

Conclude the day the World Economic Forum, which began its activities on Friday in Jordan, which was held entitled “Strengthening environments growth and economic resilience.”

participated in the conference head the Islamic Supreme Council Ammar al-Hakim as well as Palestinian President Mahmoud Abbas, and the Secretary General of the Arab League Nabil al-Arabi, the Secretary General of the International Energy Forum Aldo Flores – Quiroga. (more…)

| On 2013-04-29 |

Said Senior Director in the Ministry of Finance Najla Al-Alusi said the security situation now does not help to delete the zeros.

Said al-Alusi told the newspaper “integrity” Electronic “The central bank has a lot of experience when he changed the currency in 2004, there were currencies in the trading range of 4 trillion dinars is attributed to the central bank up to 8 trillion dinars, this is a dangerous المتخوف them enter fake money that go for the burn and burn it occurs stolen and returned to the Treasury. ” (more…)

BAGHDAD, Oct 3 (Reuters) – Many Iraqis have lost faith in their dinar currency but to some foreign speculators, it promises big profits. The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions.

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Posted on 11 July 2012. Tags:

MP Abdul Hussein Raisan, of the Ahrar bloc, has said that deleting the three zeros from the Iraqi currency was “inappropriate due to the present economic conditions”. (more…)

13 July 2012

An MP and member of the Parliamentary Economic and Investment Committee, Aziz Sharif al-Mayahi, has demanded that the Iraqi Central Bank dismiss and replace some “influential figures” in the Bank who allegedly manipulate the exchange rate of the Iraqi dinar against the US dollar. (more…)

Tuesday, March 20, 2012 08:18

BAGHDAD / Baghdadiya News / …. sources from within the Central Bank of Iraq that the latter already begun the contracting process to print a new Iraqi currency after deleting three zeros of which, Pointing out that the central bank just waiting to give him the green light if there were objections to the drawings and designs.

The sources indicated in comments summarized by / Baghdadiya News / “The central bank introduced a draft law to delete the zeros to the Chairman of the House of Representatives Osama Najafi, and ensure that everything about this great project which will start work by the process of offering the new currency for circulation early next year, and will continue to drive the replacement of three years. (more…)

Posted on 07 February 2012. Tags: c

Iraq now has over $60 million in foreign currency reserves as a result of the country’s oil sales, according to a report from Azzaman.

Mudher Saleh, a consultant with Iraq’s Central Bank, said the reserves are the highest in the country’s history, and are more than enough to cover the total volume of national currency currently in circulation. (more…)

22/01/2012 06:42

Three zeros formed state of the debate and questions among the circles of the citizens in the event of adjournment of the Iraqi dinar (more…)

The member of the Finance Committee MP Haitham Jubouri the central bank to increase the financial liquidity to maintain the value of the Iraqi dinar against the dollar.

He said in a press statement that “the Iraqi currency has led recent fluctuation represents a significant decline in the price of the Iraqi dinar against the dollar and this portends economic disaster caused damage to all citizens.”

He Jubouri: “The central bank should take its role in this matter, as the issue price of the dinar based on supply and demand and thus should increase liquidity in order to preserve the value of Iraqi dinar and the dollar equivalence.” (more…)

On: Sun 12/11/2011 12:19

Baghdad (news) .. Most likely a member of the Finance Committee and the representative / National Alliance / Haitham Jubouri Sarraldenaralaraca equal to the U.S. dollar during the next biennium (two years) after the implementation of the project to delete three zeros from the Iraqi currency.

Jubouri said in a statement to the Agency (news) said on Sunday: that the approach that the Central Bank of Iraq’s retention rate Dinaromam dollar during the current period, it Maharidl that monetary policy in Iraq is able to make the Iraqi dinar is equal to the U.S. dollar “any Dinaraluahd matched by one dollar .


AKnews reports that the Iraqi Central Bank (ICB) has confirmed it will issue a new bill with a value of 50,000 IQD ($43) but marked as 50 dinars.

Deputy chairman of the ICB Dr Muzher Saleh said the bank is working to issue this new money in addition to coins in both Arabic and Kurdish in an effort to address the liquidity problem in Iraq. (more…)

Baghdad, November 23 (Rn) – denied the Iraqi Central Bank, Wednesday, his work on the currency issue a new category of 50 thousand dinars.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Central Bank of Iraq did not decide to issue a new currency in 50 thousand dinars.”

“The Central Bank continues to organize the purchasing power of the country and support the value of the Iraqi dinar against the U.S. dollar and the value added any new currency are not taken until after the Iraqi Council of Representatives approved a project to restructure the currency and delete zeros from them.” (more…)

The decision of the zeros of a broad debate between supporters and opponents .. We wish a broader debate in the universities and the Council of Representatives and the rest of the institutions … But an explanation of the picture, audio, and cardboard to create the public to this process. However, the phenomenon of health Valenqashat to mature opinion.

Especially with the availability of all information, such as money supply and the number of banknotes, exchange rates and others. When available the basic information of any file, the debate becomes positive, and not just rumors and controversies in the headlines of newspapers and news bar.


Iraq: Bush Hails New Currency Ahead Of Launch
By Kathleen Knox

Prague, 13 October 2003 (RFE/RL) — U.S. President George W. Bush has hailed the launch of Iraq’s new currency as an important milestone for the Iraqi economy.

In his weekly radio address on 11 October, Bush said the new currency will help unify Iraq, which had previously used two different versions of the dinar in different areas.

“For more than a decade, different areas of Iraq have used two different versions of the dinar, and many of those notes were counterfeit, diminishing the value of those that were genuine. The new dinar will be used throughout Iraq, thereby unifying the economy and the country. The new currency will have special features that will make it difficult to counterfeit,” Bush said.


Stressed the United Nations Mission to Iraq, Wednesday, that the full normalization of relations between Iraq and Kuwait, is nearing completion, arguing that the dispute between Baghdad and Kuwait on Port Mubarak ordered for the two countries, as stressed Iraq’s right to navigation in the Persian Gulf without obstruction according to the international resolution of the 1993.

The Special Representative of the Secretary-General of the United Nations Ad Melkert, said in an interview for “Alsumaria News”, “The issue of port Mubarak concerning the relations between Iraq and Kuwait, it is natural to be addressed within the bilateral committees formed by the two countries,” adding “there is satisfaction Iraq on the level of Information provided by the Kuwaiti side to him in this regard. “


Economist Opinion: External debt is not touching their impact on the economy; He reached nearly $ 50 billion

The effects of economic expert, Professor Dr. Abdul Basit Turki Saeed, the head of Supreme Audit subject of great importance for Problems of foreign debt, estimated now at approximately $ 50 billion.

Turki said in his speech to the Third Scientific Conference of Faculty of Business and Economics at the University of Karbala recently that this debt is not touch the impact on the management of the national economy, pointing out that they discussed away from the economic impact particularly in the area of production.


BAGHDAD (Iba) … Iraqi Stock Exchange index rose At the end of its day on Thursday by 1.4% to close to 133 index points. Trading volume exceeded 1,1 billion dinars, or about 955 000 dollars. Wiese and the previous 131 points, after rising by 0.3%.

The rise following the high rates of 18 companies of the 40 were traded during the meeting.


Central Bank: Aqrarrf zeros from the currency maker .. and needs to work in the fields of

Baghdad (news) .. Central Bank of Iraq that the decision to raise zeros from the Iraqi currency maker, but he needs to work in a field.

And said Mstcharalpennek appearance of the central Mohammed Saleh in a statement to correspondent Agency (news) on Wednesday: “The decision to raise zeros from the Iraqi currency maker But he needs to work convicts at the level of banks and international accounts in addition to the withdrawal of old currency. “


عملات ورقية عراقية

Currency Newshound Commentary: This is an interesting article discussing the small denominations currently circulating in Iraq..not the small denom’s we are waiting for but those smaller notes like the 25,000, 10,000 and 1,000 IQD notes. IMO, more like notes such as 50 to 500.

The article states that retailers, banks, and government offices will not take the smaller denoms currently in circulation (CBI: current exchange rate of 1170 IQD to 1 USD).


PM says Iraqi dinar re-evaluation has to do with economic conditions
28 February 2010

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

“The Iraqi dinar has all the reasons to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to some questions through the National Information Center.