Gold and the Revaluation of Iraqi Dinars

Posted by on Mar 29, 2014 | Leave a Comment

Surprising the economists all over the world, the Central bank of Iraq has purchased 36 tons of gold worth $1.52 billion this month in order to help the Iraqi dinars to get stabilized against the foreign currencies. The purchase has been recorded as bigger than the purchases that have been taken place in the year of 2013. It helped Iraq to move at the 15th spot. But anyone following the recent history of Iraq’s dinar... 

Iraq seeking a global success, depending a lot on its 3 Iraqi blocks

Posted by on Mar 27, 2014 | Leave a Comment

Success in abroad for Petroliam Nasional Bhd (Petronas) has not come last year due to its international operations delivering almost 20% production growth last year. The national oil company has had to manage its portfolio delicately – especially in geo-politically charged countries, allowing it to come out ahead of many international oil companies in some of these challenging frontiers. Petronas was the first oil and... 

Iraq’s Central Bank buys 36 tons of high-purity gold bullion

Posted by on Mar 26, 2014 | Leave a Comment

Said a statement obtained by “obelisk”, a copy of “Alasttratejah as part of the central bank in managing the reserves of the vessels, to achieve an element of safety and safety in order to use the tools of monetary policy to stabilize the exchange rate of the dinar against foreign currencies Iraq.”   The statement noted that “the Bank has purchased large quantities of gold bullion with a very high purity... 

World Bank warns Iraqi government from interfering in the work of the CBI

Posted by on Mar 25, 2014 | Leave a Comment

The World Bank warned the Iraqi government from interfering in the work of the Central Bank {Baghdad: Euphrates News} said Liberal MP from the parliamentary bloc Bahaa al-Araji, that the “international student Nabek reform policies and non-interference by the Iraqi government in the political CBI especially with regard to the subject of borrowing.” He said al-Araji, said in a statement received by the Euphrates News... 

Iraq extinguish a large proportion of its foreign debt

Posted by on Mar 24, 2014 | Leave a Comment

Iraq from countries committed to pay its debts gives a good indication of what part of the world rankings informal in this area. Where have paid more than $40 billion of total debt adjusted to the Paris Club, which was up to 51.6 billion dollars in 2004. classified Iraq’s foreign debts on 4 categories include both debt to Paris Club countries, the debt of non-member states of the Paris Club, and the debt of commercial... 

Basra’s Mighty Petro-Dollar

Posted by on Mar 21, 2014 | Leave a Comment

Basra is one of the country’s wealthiest provinces in terms of oil it produces; its budget for 2014 is bigger than some small countries’. Yet somehow the money doesn’t seem to be improving locals’ lives. Provincial authorities hope this year will be different – only the central government in Baghdad seems to be standing in their way. Authorities in the province of Basra have many plans to improve the lot of... 

Iraq Politics: Draft of 2014 budget will defer to next week

Posted by on Mar 20, 2014 | Leave a Comment

The Iraqi Parliament Presidency decided to postpone reading the draft budget law for the year 2014, until next week to reach a atvkat between the political blocs objecting to budget. He said Kurdistan Islamic Union parliamentary block Najib Abdullah in a statement to “stifle” it was agreed to postpone the reading of the budget next week, due to the formation of a tripartite Committee comprising (Fouad Massoum, Haidar... 

Baghdad, Erbil reach agreement over exporting oil, endorsing Budget

Posted by on Mar 19, 2014 | Leave a Comment

Baghdad (AIN) –The Central Government and Kurdistan Region have reached a compromise over exporting the oil and endorsing the Budget. An informed source stated to All Iraq News Agency (AIN) “KR agreed upon exporting its oil thought SOMO Oil Company where the official announcement of the agreement will be within two days.” “The two sides agreed upon endorsing the General Budget next week after settling the disputes... 

Iraqi economist say Iraq is not yet eligible for WTO; Blames Iraq and poor development of laws

Posted by on Mar 19, 2014 | Leave a Comment

Economists say: Iraq is not eligible to enter the World Trade Organization 16/03/2014 05: 35 PM Baghdad/follow us:-increased calls for Iraq’s accession to the WTO, as part of the transition to capitalism and its openness. Fulfilling its obligations to the international community made in signing the Charter of the International Covenant. Economic analyst Abbas said an overwhelming majority of Iraqi economic environment... 

Sources suggest PM Maliki will appoint Dawa party leader as head of CBI

Posted by on Mar 18, 2014 | Leave a Comment

Maliki is determined to lead his party’s relations appointed Governor of the Central Bank Sunday, March 16, 2014 at 10: 37 An official statement in the Council of Ministers, on Sunday, the Prime Minister’s determination to the appointment by the Secretary-General of the Council of Ministers and the leader of the Dawa party, Ali al-allaq as Governor of the Central Bank of Iraq instead of Abdel Basset Turki. The source... 

Oil climbs above $108 on Ukraine tension

Posted by on Mar 17, 2014 | Leave a Comment

LONDON, March 14 (Reuters) – Brent crude oil rose above $108 a barrel on Friday as heightened tension in Ukraine ahead of a referendum in the Russian-majority region of Crimea raised worries over Russian oil supplies. Russia shipped more troops and armour into Crimea on Friday and repeated its threat to invade other parts of Ukraine, showing no sign of listening to Western pleas to back off from the worst confrontation... 

The Exchange Rate: Justifications for exchange-rate adjustment

Posted by on Mar 15, 2014 | Leave a Comment

Jim Cramer’s Action Alert PLUS The Exchange Rate of Foreign Currency in Economic Feasibility Studies Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis... 

HISTORY OF THE “NEW IRAQI DINAR”

Posted by on Mar 15, 2014 | Leave a Comment

“How shipping tons of U.S. currency to Iraq remade its economy—and was roundly criticized all the same. Good decision, bad press.” – By John B. Taylor In February, the House Committee on Oversight and Government Reform held a hearing that criticized the decision to ship U.S. currency into Iraq just after Saddam Hussein’s government fell. As the committee’s chairman, Henry Waxman (D-California), put it in his... 

Kurds are demanding to attend Sunday’s session of parliament and the presidency of the agreement amended the oil

Posted by on Mar 14, 2014 | Leave a Comment

Stipulated that the Kurdistan Alliance bloc presence in the meeting of the Council of Representatives next Sunday the agreement of the Presidency of the Council on the agenda, including the budget for fiscal 2014. . It is said that due to discuss the budget and was the first reading in the parliament session Sunday amid continuing differences between the blocks around it, especially in relation to a share of the Kurdistan... 

Washington: We will continue to provide security assistance to Baghdad

Posted by on Mar 13, 2014 | Leave a Comment

Confirmed that the U.S. State Department, on Wednesday, and Washington continued to provide security assistance to Baghdad. Said Assistant Secretary of State George Brett Mac KRG said in his speech during the conference, the first international anti-terrorism that “terrorism requires an international crisis coordination Local, regional and international,” he said, adding that “defeating terrorist groups need to... 

US-Iraq Business Week Strengthens Ties

Posted by on Mar 12, 2014 | Leave a Comment

The United States hosted a top level Iraqi interagency delegation to participate in the March 3-7 Iraq Business Week activities in Washington D.C. Iraqi Deputy Prime Minister Rowsch Shaways led a 30+ member public and private sector delegation to network with scores of major U.S. firms and explore expanding business opportunities in Iraq, now the United States’ 27th largest goods trading partner. The delegation –... 

Three companies will make Iraq a global oil produces a higher rate of oil in its history

Posted by on Mar 11, 2014 | Leave a Comment

Counting economic report prepared by the Reuters news agency that Iraq is working to restore Ranked as the “fastest” source of oil growing in the world, and so scoring points for customers of Libyan oil after the cessation of Materials There are currently, “While shown that the processes of rehabilitation and development will enable Iraq to export 3.4 million barrels during the year Current 2014, with the... 

Allawi calls on the Iraqi prime minister to resign

Posted by on Mar 10, 2014 | Leave a Comment

the next parliamentary elections Sunday Iraqi Prime Minister Nuri al-Maliki to offer his resignation and the formation of a caretaker government charged with the responsibility of procedures of parliamentary elections to be held on April 30 next year. According to the National Coalition, in a press statement, that the “coalition of the national do not see any future for the current government must be replaced by a caretaker... 

Shaways reviews with McCain Iraqi-US relations

Posted by on Mar 09, 2014 | Leave a Comment

BAGHDAD / Nina /– Deputy Prime Minister Ruz Nuri Shaways met in the building of the U.S. Senate in Washington with Senator John McCain, and reviewed with him bilateral relations and developments at various levels and the political situation in Iraq and the region as well as the evolution of events in the Middle East. According to a statement by his press office today, ” Shaways briefed McCain during the meeting, the... 

Iraq returns as world’s fastest growing oil exporter

Posted by on Mar 07, 2014 | Leave a Comment

Iraq is reclaiming its rank as the world’s fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving Opec market share rivalries down the road. Despite worsening violence due to spillover from the war in Syria, Iraq already Opec’s second-largest producer is likely to post one of the biggest annual output jumps in its history as BP, Exxon Mobil and other companies... 

Kamal Saadi Arrested for Rigging the Iraqi Currency

Posted by on Mar 06, 2014 | Leave a Comment

A security source said a patrol of the counter-terrorism force arrested at dawn yesterday, official protection of the deputy in the State of Law coalition Kamal Saadi and possession of money forged Iraqi, said the source, who did not want to disclose the identity of the sensitivity of the situation that the phones of officials and influential quick release of fake, noting that the money that seized in his possession were... 

Al-Maliki agrees to allocate 25 billion dinars to open the closed border crossing with Iran for 34 years

Posted by on Mar 05, 2014 | Leave a Comment

Alsumaria news Diyala The Governor of Diyala Amer Salman Al-majmaie, Tuesday, Prime Minister Nuri al-Maliki agreed to allocate 25 billion to speed up the reopening the closed border crossing with Iran for 34 years. Al-majmaie, said in an interview for “alsumaria news”, “Prime Minister Nuri al-Maliki agreed to allocate 25 billion dinars to finance the service projects within the crossing Sumar-Mandali (124 km North... 

Iraq signs with the World Bank a loan agreement worth 355 million dollars

Posted by on Mar 05, 2014 | Leave a Comment

BAGHDAD / NINA / Iraq signed with the World Bank on the agreement of Developmental dry canal project loan and finance the construction of domestic and international road network of value of 355 million dollars in the presence of the Acting Minister of Finance, Safa al-Safi and the Minister of Construction and Housing, Mohammad al-Darraji and World Bank representative, Fred bin Haj and parliamentarians from the services... 

Planning: Iraq’s Economy Is Still High

Posted by on Mar 04, 2014 | Leave a Comment

confirmed the Ministry of Planning, on Monday, that the Iraqi economy is still a yield and high consumerism, while suggesting the need to make critical decisions on the reduction of consumer spending, mainly. said Undersecretary of the Ministry of Planning Mahdi Keywords in an interview for “Alsumaria News”, on the sidelines launch schedule user product for the Iraqi economy for the year 2010, that “the Central... 

Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser

Posted by on Mar 03, 2014 | Leave a Comment

Baghdad, Washington / Orr News Revealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq’s decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI. The Iraqi diplomat said that “the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared... 
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