President Talabani’s Death

Posted by on Jan 31, 2014 | Leave a Comment

    1-30-14 Baghdad (AIN) –Some reports reported the President, Jalal Talabani, who is being treated in Germany for over a year due to clot, passed away. The reports assured that Talabani’s body will be transported to Sulaimaniyah in Kurdistan Region   //  Read More →

Iraq: Treasury bonds and precious metal enhances monetary policy

Posted by on Jan 30, 2014 | Leave a Comment

said economic expert, Dr. appearance of Mohammed Saleh: that the announcement of the Iraqi Central Bank intention to sell gold coins to the public would pave the way for the re-emergence of banks mortgages in order to serve the Iraqi economy. was the central bank, and in consultation with the Committee on Economic Affairs, has decided recently coined a variety of alloys pure gold weights ranging between (5 g and 1 kg). announced immediate... 

CBI: Its Time Implement Instructions on the Sale of New and Foreign Currencies

Posted by on Jan 30, 2014 | Leave a Comment

“Time to” get on the instructions of the Central Bank for the sale of new and foreign currency Published on Monday, 27 December / 2 January 2014 15:23 Issues special instructions to sell and buy foreign currencies, considering previous instructions issued in this regard void. And got “time” on the documentation for the instructions issued by the central bank, which included “17″ paragraph identified mechanisms... 

CBI Governor: Bank Restructuring to be Complete by end of 2014

Posted by on Jan 29, 2014 | Leave a Comment

Central Bank Governor: 2014 will be completed by the end of restructuring Tuesday January 28, 2014 CBI has received many applications, by many banks, but so far has not been approved, but the licenses of two foreign banks to operate in the country. The newspaper quoted the “National” American Abdel Basset Turki, Governor of the Central Bank of Iraq, saying, “We’re going to give approval of the two banks in the... 

Economists Divided Over Deletion Of Zeros

Posted by on Jan 28, 2014 | Leave a Comment

Economists Divided Over Deletion Of Zeros   The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided. While some support the project and consider it a chance to decrease inflation and unemployment, others warn of economic shocks that... 

The provincial government to start exporting the first shipment of oil through the pipeline to Turkey, Kurdistan

Posted by on Jan 28, 2014 | Leave a Comment

According to the Ministry of Natural Resources in the Kurdistan Regional Government of Iraq, said he started selling the first shipment of oil exported through the pipeline, the new regional Kurdistan through Turkey to Ceyhan. ministry expects the sale of the first shipment of oil which are the source of two million barrels at the end of this month. She added that the volume of shipments will rise gradually to four million... 

The Central Bank postponed issuing the first local bonds next year

Posted by on Jan 28, 2014 | Leave a Comment

aghdad (newsletter). The Iraqi Central Bank, announced Monday, postponed issuing the first local bonds next year 2015, confirmed that inflation in Iraq is a cause for concern. And the Central Bank of Iraq, under the leadership of Abdul Basit Turki Saeed, financial Iraq Conference for 2014 in Dubai and for 27-28/1/2014 and the participation of the banking sector and investment.   He said Bank Governor Abdel Basset... 

CBI: will not be a restructuring of the Iraqi currency and deleting three zeros of 2014

Posted by on Jan 28, 2014 | Leave a Comment

denied the CBI, what some of the media, about the timing of the direct project restructuring of the Iraqi currency and deleting three zeros of them, stressing that such timing is Matrouh now that this project is in coordination with the government and related institutions . According to a statement of the Central Bank, received the Agency (news) a copy of it on Sunday: picked up by some media statements a House of Representatives... 

Washington is planning to create a power emergency with escalating violence in Iraq and the region

Posted by on Jan 27, 2014 | Leave a Comment

Washington is planning to create a power emergency with escalating violence in Iraq and the region Jan 25 2014 sat seven thirty-one p.m. newspaper “USA Today” American Saturday, the outline prepared by Washington to create the power of military emergency Marines in the Middle East are capable of rapid intervention in troubled areas in the Arab countries, in light of the escalating violence in Iraq and Syria.... 

Barzani: KRG supports the acts of Exxon Mobil and Chevron in Kurdistan

Posted by on Jan 27, 2014 | Leave a Comment

BAGHDAD The head of the Kurdistan region, Massoud Barzani confirmed region government’s support to the works of Exxon Mobil and Chevron in the region. A statement by the Kurdistan Regional Government said that “Barzani met, on the sidelines of the Davos Economic Forum, with Rex Tillerson, head of Exxon Mobil Corp. and G Brayer head of Chevron each separately. The statement noted “Barzani thanked the... 

Deletion of zeros suggested by economic experts; Instead issuing large banknotes

Posted by on Jan 25, 2014 | Leave a Comment

A number of specialists in economic affairs of Iraq have advised that the government to apply the project to delete the zeros, instead of issuing large sections of the currency because it will lead to higher inflation. It is noteworthy that the central bank decided after demanding the federal government to wait to apply the project to delete the zeros and get rid of the monetary mass lean in Iraqi currency by printing... 

UN: payment of more than one billion dollars as part of the compensation of the former regime’s invasion of Kuwait

Posted by on Jan 25, 2014 | Leave a Comment

According to a statement of the Compensation Commission internationalism on Thursday that “the value of the compensation amounting to one billion and 300 thousand dollars to Kuwait, bringing the total compensation paid by Iraq to Kuwait to forty-four billion and 500 thousand dollars. ” the statement added that “this money has gone to settle the compensation previously has not been fully repaid,” indicating that... 

CBI to sell gold bullion to dealers, investors and segments of Iraqi society

Posted by on Jan 24, 2014 | Leave a Comment

Decided to CBI, on Thursday, “coined a variety of gold bullion” to sell gold to dealers, investors and segments of Iraqi society, as he emphasized that “this action represents Tools monetary policy of the Bank.” According to a statement of the Central Bank of Iraq has received the Agency for News News (et) a copy of it, he was “for the purpose of diversification means savings to the public and to provide large... 

Planning: the economic growth rate in Iraq in 2013 amounted to 9%

Posted by on Jan 24, 2014 | Leave a Comment

The Ministry of Planning and Development Cooperation, said on Tuesday that the rate of economic growth in Iraq in 2013 amounted to 9%, while suggesting that the announcement of this figure came after its statistics and indicators on the percentage of growth in all sectors. The Minister of Planning and Development Cooperation Ali Shukri said in an interview (range Press), “The rate of economic growth in Iraq in 2013... 

Parliament next Tuesday to discuss the budget and the vote on the pension law

Posted by on Jan 24, 2014 | Leave a Comment

A parliamentary source announced that the next meeting of the Council of Representatives will be held on Tuesday of next week. And failed in the House of Representatives held its last Thursday for lack of quorum in spite of receiving the budget bill for the fiscal year of 2014. The source told all of Iraq [where] on Thursday that “Parliament will hold its meeting next Tuesday and the agenda of the meeting will include... 

Editorial about Iraqi Currency: Need a Quarter (Difficult Translation)

Posted by on Jan 24, 2014 | Leave a Comment

After nearly two years of deliberating the Iraqi currency current taking yelling here and there on the deletion of zeros it Once confirms central bank that year (sic) will be the year deleted and a month after we come out of one of the members of the parliamentary finance committee to refute what it says spokesman Central and labor currency (with zeros) Continuous Bde (what was revealed by God for them) and then nationally... 

Finance announces the allocation of five dollars for every barrel produced in the provinces of the budget and affirming the possibility of fully paid

Posted by on Jan 23, 2014 | Leave a Comment

Ministry of Finance announced the allocation of five dollars from each barrel of oil-producing provinces in the federal budget for the current year, afterthought inability to pay the amount at once. The finance minister said the agency purity of net debt at a news conference today attended by the correspondent of the Euphrates {} “The law guarantees issued share of oil-producing provinces and gas law, a right to take... 

Iraqi army battles to flush al Qaeda from Fallujah

Posted by on Jan 22, 2014 | Leave a Comment

The Objectives of Monetary Policy to Achieve Economic Growth and Stability and Reduce the Unemployment Rate

Posted by on Jan 22, 2014 | Leave a Comment

The balance of the money market is a central The objectives of monetary policy to achieve economic growth and stability and reduce the unemployment rate, and the stability of prices of goods and services, as well as the stability of exchange rates, and improve the balance of payments position and achieved these goals by following the monetary policy tools of direct and indirect. That’s what started talking competent affairs... 

Iraq plans to issue bonds in local currency debt

Posted by on Jan 22, 2014 | Leave a Comment

The governor of the Central Bank and the Agency Abdel Basset Turki on the sidelines of the Geneva Conference, on Sunday, that “Iraq plans to issue bonds in local currency for the first time in Iraq since the fall of Saddam Hussein’s regime,” according to Reuters Mazkrt in its report. Turkish predicted that “the first issue worth 3 billion Iraqi dinars and this is the first time in which to issue such bonds for... 

Iraq’s population estimate at 34.2 million people: Bureau of Statistics

Posted by on Jan 21, 2014 | Leave a Comment

Revealed the Ministry of Planning and Development Cooperation, that the population of the country has recently been increased to up to 34 million and 207 thousand people, while the total energy production sector growth of 30% according to the latest official statistics. And spotted periodic statistical issued by the Central Agency for Statistics of the Ministry of prominent statistical indicators for the economic and... 

Kuwait describes Iraq as “a big market”

Posted by on Jan 21, 2014 | Leave a Comment

We look forward to be a trade and investment cooperation between Iraq and Kuwait very important strategic goal for both sides, and this in turn imposes on the business community in both countries Baghdad / follow-up the obelisk: counting, first deputy chairman of the Chamber of Commerce and Industry of Kuwait Khaled Falcon, Iraq “a big market for Kuwait” since the start of trade relations, and because of the geographical... 

Iraqi budget provides citizens oil revenue sharing at $5 for every barrel produced, However GOI make find difficulty in paying

Posted by on Jan 21, 2014 | Leave a Comment

Finance announces the allocation of five dollars for every barrel produced in the provinces of the budget and affirming the possibility of fully paid Ministry of Finance announced the allocation of five dollars from each barrel of oil-producing provinces in the federal budget for the current year, afterthought inability to pay the amount at once. The finance minister said the agency purity of net debt at a news conference... 

Iraq among the top 30 economies in the world by the year 2028

Posted by on Jan 18, 2014 | Leave a Comment

Twilight news/ modern economic report predicted that Iraq would be among the top 30 economies in the world by the year 2028, provided the return of political stability in China will make the United States, the largest economy in the world by the same year. According to the economic report, issued by the Center for economic and business research “Sabre”, followed up by “Twilight” that Iraq would... 

Iraq unlikely to remove zeros from the currency

Posted by on Jan 17, 2014 | Leave a Comment

1-15-14 BAGHDAD,— A rumor circulating regarding the removal of zeros from the Iraqi Dinar (ID) is false. Najiba Najib, a member of parliament (MP) from Iraq’s finance committee, recently clarified that there is no such plan in the Iraqi Parliament. An economic expert believes that the zeros will not be removed from the Iraqi currency because the Iraqi budget is highly dependent on oil revenue. “There is no draft... 

Iraqi Cabinet passes the budget bill despite Kurds omission

Posted by on Jan 16, 2014 | Leave a Comment

Iraqi Council of Ministers passed a law on the general budget for the current year 2014, despite the refusal by the Vice President of the Council example, has typically Minister Nuri Shaways and Kurds. An informed source, who asked not to be identified in an interview with “Twilight News, said that today’s Council meeting included a discussion of the budget law, and when I got to the discussion paragraph the amount... 

Ki-moon: the next election is an important opportunity to enhance the security and political stability in Iraq

Posted by on Jan 15, 2014 | Leave a Comment

Description secretary-general of the United Nations Ban Ki-moon, Iraqi parliamentary elections next to “enhance the security of the mission in Iraq.” Ki-moon said during a joint news conference with Prime Minister Nuri al-Maliki said on Monday that “the Iraqi general elections is an important opportunity to enhance the security and political stability in Iraq and another step in the democratic process.” Ki-moon... 

Ban ki Moon arrives in Iraq; Announces support and discusses upcoming elections

Posted by on Jan 15, 2014 | Leave a Comment

Reached the Secretary-General of the United Nations Ban Ki-moon on Monday morning in the capital, Baghdad, has declared an official visit to Iraq. The source said an Iraqi diplomat told all of Iraq [where] that “the moon came across Baghdad International Airport and will include talks with Iraqi leaders and officials of the Syrian crisis and the events of Anbar.” The media adviser to Prime Minister Ali al-Moussawi... 

U.S. Economic Advisor: Iraq receives full sovereignty over it wealth in June; Iraq economy progressing properly

Posted by on Jan 14, 2014 | Leave a Comment

Advisor of the U.S. economy: Iraq paced economic incorrect 13/01/2014 15:52 Tomorrow’s Press / Baghdad: Advisor Ministry confirmed the U.S. economy Robin Mattewman, Monday, that Iraq is progressing properly for the development of its economy and make way for local capacity to build the foundations of the local economy without relying on oil imports to the country. She Mattewman for “tomorrow’s Press,” said that... 

CBI Governor from Geneva: Iraq plans to issue bonds in local currency debt

Posted by on Jan 14, 2014 | Leave a Comment

The governor of the Central Bank and the Agency Abdel Basset Turki on the sidelines of the Geneva Conference, on Sunday, that “Iraq plans to issue bonds in local currency for the first time in Iraq since the fall of Saddam Hussein’s regime,” according to Reuters Mazkrt in its report. Turkish predicted that “the first issue worth 3 billion Iraqi dinars and this is the first time in which to issue such bonds for... 

The stock market Shares of companies operating in northern Iraq rises with oil flow in the pipeline

Posted by on Jan 13, 2014 | Leave a Comment

Give the oil flow through a new pipeline from Kurdistan Iraq to Turkey a boost to shares of companies that have fields there on Thursday, supported by prospects that they are now able to sell more crude abroad despite objections from Baghdad. The Kurdish Government said on Wednesday that the oil started to flow through the pipeline to Turkey and the export is expected to begin at the end of this month and that rises in... 

Trade Ministry issued permits to import

Posted by on Jan 13, 2014 | Leave a Comment

Baghdad Section issued import and export company for Iraqi opposition (nine) leave the import and export of Iraqi merchants included import (20450) Tons of chicken meat and products of $ (18405000) $ (16,000) tons of beef for $ 700,000 to $ (2000) tonnes of chicken meat (1,500, 000) and $ (100) tons of fish for $ 450,000 dollars and these quantities of meat, chicken and fish imported from the origins (Brazil, New Zealand,... 

Iraq Clashes, Attacks Leave 48 Dead, 37 Wounded

Posted by on Jan 13, 2014 | Leave a Comment

Anbar’s health department reported that 60 people have been killed and 297 were wounded in attacks in Ramadi and Falluja since tensions began. Today, an army air strike in Ramadi left three civilians dead and seven more wounded. Shops reopened as residents began a return to Falluja. At least 28 insurgents were killed, according to a press release. A police intelligence official was assassinated in Aneh. Near the Syrian... 

The United Nations Security Council expressed support for the Iraqi government’s fight against Al-Qaeda-linked militants in the country.

Posted by on Jan 11, 2014 | Leave a Comment

The 15-nation body published a statement on Friday night, backing Iraqi Prime Minister Nuri al-Maliki in the battle against the militants from the Al-Qaeda-affiliated Islamic State of Iraq and the Levant (ISIL) in the Western province of Anbar, press tv reported. “The Security Council expresses its strong support for the continued efforts of the Iraqi government to help meet the security needs of the entire population... 

Some government institutions return back to work in Fallujah

Posted by on Jan 11, 2014 | Leave a Comment

Some government institutions in Fallujah returned today to exercise work after being disabled because of poor security. A source in the province of Anbar told the reporter of the National Iraqi News Agency / NINA /: “The Directorate of Education in Fallujah began delivering salaries to its employees, as the banks opened their doors.” He added: “The Civic Committee for the management of the city of Fallujah... 

Kurdistan: the oil agreement with Baghdad is near

Posted by on Jan 11, 2014 | Leave a Comment

A member of the House of Representatives for the Kurdistan Alliance, Mohammed Qasim, said that the agreement was reached between the central government and the region on oil contracts is near. According to Qasim’s (IMN), that “the recent visits by a delegation of the Kurdistan region, and the statements of Deputy Prime Minister for Energy, Hosni al-Shahristani, are also asserts that the agreements have become... 

Parliamentary bloc demanding the application of the law of customs tariff on all ports and all sectors with a time of one

Posted by on Jan 10, 2014 | Leave a Comment

Baghdad: Euphrates News} called the National Bloc white, applying the law of customs tariff on all border crossing points, without exception, expressing the hope that it is applied well in one-on agricultural and industrial sectors and all business. A spokesman for the bloc, Kadhim al-Shammari, said in a statement received by the Euphrates News Agency {} a copy of it on Wednesday, “The application of the customs... 

JOC : terrorists camp destroyed in Mosul

Posted by on Jan 10, 2014 | Leave a Comment

Baghdad (AIN) –The security forces destroyed a shelter of what so is called the Islamic State of Iraq and Sham in Mosul. The Joint Operations Command declared in a statement received by AIN ”The police forces within Nineveh Operations Command managed to seize a camp of terrorists that contained military outfits and explosives as well as rooms and plastic cans.” ”The security forces destroyed the terrorists... 

Parliament finishes reading four bills and to raise its the day after tomorrow

Posted by on Jan 09, 2014 | Leave a Comment

Raised the Presidency of the Council of Representatives, on Tuesday, the fourth session of the Council of the legislative term to final on Thursday, while the parliamentary source that the meeting witnessed a vote on the bill and the first and second readings of the four bills. The source said in an interview for “Alsumaria News”, “The Presidency of the Council of Representatives lifted, today, meeting... 

Authorize the Minister of Finance the authority to negotiate and sign a loan agreement of the Islamic Development Bank

Posted by on Jan 09, 2014 | Leave a Comment

Alsumaria News / Baghdad announced that the General Secretariat of the Council of Ministers, on Tuesday, for authorizing the Minister of Finance the authority to negotiate and sign a draft loan agreement for the Islamic Development Bank and $ 500 million. Secretariat said in a statement received “Alsumaria News”, a copy of which, “The Council has decided to build the submission of the Prime Minister... 

Iraq at the crossroads of destiny

Posted by on Jan 08, 2014 | Leave a Comment

BAGHDAD – Iraq reached a crucial stage where the stands at a crossroads puts him two choices: either reconciliation and a return to democratic life, or the continuation of the division of political and social chaos and civil war, the overall division and then, according to the analysts say. And plaguing Iraq since the U.S. withdrawal successive political crises, amid sectarian divide social security deterioration in... 

CBI Governor: Bank of International Settlements agreeing to accept Iraqi deposits is a “win-win situation

Posted by on Jan 07, 2014 | Leave a Comment

Considered the Central Bank of Iraq, on Monday, that the declaration of acceptance of Bank for International Settlements and additional deposits “win-win situation” for the country, and called for investment in order to achieve comprehensive development in the government and private banks and adhere to international standards in preparation for a credit rating. The Bank for International Settlements (BIS), or the... 

2014 will see significant changes in Iraq’s investment law, says National Investment Commission

Posted by on Jan 07, 2014 | Leave a Comment

BAGHDAD – Yasser incumbent – Hussein Tgb Tamimi, head of the National Investment Commission d. Sami al-Araji: that the Commission has been able to achieve its core that be a window of Iraq to the world through its openness to all continents in terms of investment and development, cross-marketed to the real needs of strategic projects for Iraq and has been able to attract major international companies which confirms... 

Living Standard in Iraq showing positive growth, said British diplomat

Posted by on Jan 07, 2014 | Leave a Comment

Standard of living of the common Iraqis is getting better day by day, as the country is making a swift economic progress. This has been stated by a British diplomat recently. Mark Bryson-Richardson, British Charge d’Affaires in Iraq, stated that though there are several challenges within the country, Iraq has managed to make some progress at a drastic level. The country is preparing for its fourth national elections,... 

Iraq’s income will diversify in 2014, says ISX Commission Chairman

Posted by on Jan 07, 2014 | Leave a Comment

Implementation of the tariff law a sources of Baghdad – the joy of pumice projections indicate that the year 2014 will see the diversity of its revenue, especially after the application of the tariff law, as well as the pursuit of the competent authorities to mechanize the income tax and other taxes. Mechanization taxes Chairman of the Securities Commission, Dr Abdul Razzaq Saadi said the “morning”: that “this... 

Maliki reveals the blueprint for the formation of an independent state recognized by the Gulf state

Posted by on Jan 06, 2014 | Leave a Comment

Prime Minister Nuri al-Maliki warned “some Arab countries that support terrorism,” as Cetktoa of his fire, revealing that “the Gulf state to support al-Qaeda and that there is a blueprint for the formation of an independent state to announce its recognition of him.” He said in a speech during the celebration central day Iraq that “the effort and awareness that Bzlnah to prove to others that Square sit-ins are... 

Iraq adopts new mechanisms to control the movement of foreign funds

Posted by on Jan 06, 2014 | Leave a Comment

Despite the optimism, the Electoral Commission for elections in Iraq’s ability mechanisms of the new monitor funding campaign for the legislative elections scheduled for April next, skeptical observers and lawmakers in the effectiveness of this system, as it confirmed that the external financing «has already begun, and in ways that can not be detected by any supervisory body ». He announced the official spokesman... 

Turkey began receiving oil from the port of Ceyhan in Kurdistan and Baghdad awaiting approval for export

Posted by on Jan 04, 2014 | Leave a Comment

January: said Turkish Energy Minister Taner Yildiz said on Thursday, the start of pumping oil from the Kurdistan region of Iraq to the Turkish port of Ceyhan, adding that “it will not issue oil to world markets without the approval of Baghdad.” Yildiz said in a press statement vassal / Iraq Press /, “began the flow of crude oil from a new pipeline from Iraq’s Kurdistan to the Turkish port of... 

Tariff Law launches today at points of entry in Iraq

Posted by on Jan 03, 2014 | Leave a Comment

Finance Minister of Basra announce the launch of a law of customs tariff 02/01/2014 10:50 Tomorrow’s Press / Basra: Minister of Finance Agency purity of net debt, on Thursday, the launch of a law of customs tariff, noting that the entry of goods will be through the new mechanism. said net for “tomorrow’s Press,” said that “the Iraqi ports in Basra began, today, the implementation of customs tariff law, “noting... 

Economic Committee Member confirms 2014 budget will be sent to the House of Representatives this Saturday

Posted by on Jan 03, 2014 | Leave a Comment

Tomorrow’s Press / Baghdad confirmed the Economic Committee in the House of Representatives, on Thursday, said the government will send a general budget bill to parliament next Saturday, noting that it is estimated at 150 billion dollars, of which 60% of the operating budget and 40% of the investment deficit of between $ 20-25 billion dollars. A member of the Economic Commission MP Khalil Mahma for “tomorrow’s Press,”... 

Maliki and Barzani agree to deposit funds Kurdistan oil in New York .. Instead of Ankara

Posted by on Jan 02, 2014 | Leave a Comment

Erbil – the birth of spring .. Baghdad and Erbil reached a joint decision to spend deposit money Kurdish oil exports account for Iraq in the United States instead of depositing them in the bank Turkish government, contrary to Ankara’s insistence on deposit in the Bank of Turkish government. The Anatolia news agency that Baghdad and Erbil Atngueta to deposit the proceeds in the Kurdish oil exports account opened... 

CBI auction and failing to adopt IQD in business and international transactions could collapse economy, says parliament sources

Posted by on Jan 02, 2014 | Leave a Comment

Auction Central Bank monetary policy threatens to collapse Warned parliamentary sources familiar with the collapse of the Iraqi monetary policy in light of the continued dollar selling in the auction of the Central Bank, and revealed a blueprint for the continuation of the process of money laundering agreement with American officials through non-recognition of the Iraqi dinar in international transactions. The sources... 
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