Kurds Agree to New Iraq Government, Opening Door to US War Strategy

Posted by on Sep 16, 2014 | Leave a Comment

BAGHDAD, Iraq – Embattled Iraq’s Shiites, Sunnis and Kurds cobbled together a last-minute government on Monday, as Washington said it needed an administration in place immediately before stepping up its role in the war. Saleh al-Muttlaq , a Sunni, and Hoshyar Zebari, a Kurd, were sworn in as deputies to the Shiite Prime Minister Haidar al-Abadi, in a power-sharing deal that broke weeks of deadlock. Iraq’s Kurdish... 

Hungarian companies want to enter the market to invest in Iraq

Posted by on Sep 15, 2014 | Leave a Comment

announced the Baghdad Chamber of Commerce, the desire of companies to enter the Hungarian market to invest in Iraq, through the implementation of large investment projects, especially in the industrial sector, while expressing its readiness to provide all facilities to foreign companies for the purpose of investment in Iraq. The head of the Baghdad Chamber of Commerce Jaafar al-Hamdani told / JD /: “There is a great... 

Rafidain Bank: ATM is part of the evolution of the payments system

Posted by on Sep 15, 2014 | Leave a Comment

Baghdad He Rafidain Bank (ATM) step have a positive impact on the movement of daily trading to individuals and companies. The bank said in a statement received by the Agency for News News (et) “The ATM is part of the evolution of the payments system in the developed world economically,” and that “the provision of such advanced technology facilitates the deposit and withdrawal of citizens without the... 

NATO waits a government of national unity in Iraq to intervene militarily

Posted by on Sep 05, 2014 | Leave a Comment

A political source said that “there is a large external pressures on the political blocs to form the government on Thursday or Friday to ensure the NATO’s help for Iraq militarily to eliminate the Islamic State in Iraq and Syria.” The source told the National Iraqi News Agency / NINA / “The leaders of the NATO will hold a meeting on Thursday and Friday in Wales to discuss a number of the files including, the possibility... 

Negotiations of forming the government stumbled

Posted by on Sep 05, 2014 | Leave a Comment

parliamentary source, close to the Iraqi forces coalition, confirmed that the “negotiations on the declaration of the new government continued to dawn today without reaching a consensus around it.” He said in a statement to the National Iraqi News Agency / NINA / “The negotiations lasted to the dawn today and the new thing is this matter there is a reluctance in the negotiations, and it may back to earlier square... 

U.S.: Obama Troops Will Not Return To Iraq

Posted by on Aug 27, 2014 | Leave a Comment

U.S. President Barack Obama stated Aug 27; the United States will not commit troops to Iraq, and that Iraqi citizens are ultimately responsible for ending the conflict. Still the unites states will continue to keep options on the table and with unity with other partners, help deal with the militants in Iraq.  Read More →

Iraq: Iran to Send Arms to Kurdish Forces

Posted by on Aug 27, 2014 | Leave a Comment

Iran is the first nation to send arms to the Kurds fighting the Islamic State, President Massoud Barzani stated, at a joint news conference with Iranian Foreign Minister Javad Zarif,  also Zarif reported that Iran was sending forces to fight jihadist militants in Iraq // #gallery-1 { margin: auto; } #gallery-1 .gallery-item { float: left; margin-top: 10px; text-align: center; width:... 

Iraq: Baghdad to Break Amerli Siege

Posted by on Aug 27, 2014 | Leave a Comment

Baghdad is preparation to break a two-month Islamic State hold on the Shiite town of Amerli, troops have gathered in Tuz Khurmatu, Salahuddin province north of Amerli on Aug. 27, Iraqi army lieutenant general stated, thousands of Shiite militiamen, and Security forces are also mobilizing in the Jabal Hamrin area, it has also been reported the Iraqi military has been conducting airstrikes against the Islamic State. //... 

Iraq: Kurdish Launch Operation to retake the town of Jalawla

Posted by on Aug 22, 2014 | Leave a Comment

Iraqi Kurdish Peshmerga forces have began operations, the mission to retake the town of Jalawla from Islamic State fighters (ISIS), Airstrikes have been reported bombing the Islamic State in the towns of Jalawla and Saadia. //    Read More →

Iraq: The U.K have committed to Help Baghdad Fight Against The Islamic State (ISIS)

Posted by on Aug 22, 2014 | Leave a Comment

The U.K.  has dedicated Military support to help stop the advance of Islamic State militants (ISIS), The British Foreign Secretary Philip Hammond stated Aug. 22, cooperating with the Iraqi government against Islamic State is the only way to effectively fight the advance of the sectarian group. //    Read More →

Iraq: Germany Sending Arms To help the fight against ISIS

Posted by on Aug 21, 2014 | Leave a Comment

The German government has announced that a shipment of arms from Germany to  help Kurdish forces push back the Islamic State in Iraq, This is a major turn for the German Government, attitude from the past and based on post-wwII German law, not to get involved with other countries conflicts. //      Read More →

Iraq: Kurdish Ministers Participating in the Iraqi Government again.

Posted by on Aug 21, 2014 | Leave a Comment

The Kurdish Ministers that had left and stopped their participation in the Iraqi government are once again apart of the administration, The Kurdish ministers pulled out of the administrating after Prime Minister Al-Maliki accused the Kurds of harboring terrorists after the ISIS launched attacks in northern Iraq last June. also see: Iraq: Sunni Leaders stated wanting to Join new Government under Conditions http://theiraqijournal.com/iraq-sunni-leaders-stated-wanting-to-join-new-government-under-conditions/ ... 

Iraq: ISIS Losing Ground in Iraq, Iraqi and Kurdish forces score victories over ISIS

Posted by on Aug 19, 2014 | Leave a Comment

Iraqi and Kurdish security forces have had recent victories on the battlefield against Islamic State fighters, the Iraqis’ and Kurds’ have launched a counteroffensive into north of Mosul, taking back villages and The Mosul Dam, Both Iraqi and Kurdish security forces are gaining territorial control, with their success depends on the supported largely from foreign airstrikes and a combination of Sunni militia.... 

Iraq: Sunni Leaders stated wanting to Join new Government under Conditions

Posted by on Aug 18, 2014 | Leave a Comment

Iraqi Sunni tribal and religious leaders spearheading the uprising against ex Prime Minister Nouri al-Maliki and other provinces are stating a willingness to join the new Government under certain conditions, spokesman Taha Mohammad al-Hamdoon stated Aug. 15, and a list compiled with demands will be submitted to the new Shiite Prime Minister Haider al-abaci. //  Read More →

Iraq: President Obama “Mosul Dam Retaken from ISIS militants”

Posted by on Aug 18, 2014 | Leave a Comment

U.S. President Barack Obama announced to reporters Aug. 18 , U.S. warplanes helped Iraqi Special Forces retake the Mosul Dam from ISIS militants, Mosul Dam electricity to Mosul, and is one of the biggest Dams in Iraq. Iraqi Special Forces and U.S. officials worried ISIS militants would to blown up the dam and cause floods parts of Iraq.   //  Read More →

Project will lead to reducing the rate of the national currency in circulation from four billion to one billion notes

Posted by on Aug 18, 2014 | Leave a Comment

A member of the Finance Committee MP / coalition of Kurdish blocs / Dler capable, that the relative improvement of the value of the Iraqi dinar against the dollar during the current period, making some states want to deal with it. He is capable of: that the Iraqi dinar is improving day after day, thanks to the new monetary policy pursued by the central bank, prompting some countries such as India and neighboring countries... 

Iraq: Kurdish forces launch offensive to retake Mosul Dam

Posted by on Aug 17, 2014 | Leave a Comment

Developing: Kurdish forces have launched a ground offensive to take back control one of Iraq’s largest dams, the Mosul dam was taken over by ISIS militants earlier in the rebel campaign on Aug 7th Earlier Saturday morning U.S. fighter and a remotely-piloted aircraft executed at least nine airstrikes, the strikes destroyed seven armed vehicles, two Humvees and at least 4 personnel carriers and  several armored vehicles ... 

US launches 6 airstrikes to help Iraqi forces retake Iraqi dam

Posted by on Aug 16, 2014 | Leave a Comment

The United States Military have  launched several new air strikes in Iraq at Islamic State, targeting members ISIS militant group who have taken over one of the country’s largest dam. ISIS seized the dam late last month in its broad attack across northern Iraq. Six air strikes have been launched on Saturday.  The air strikes have been carried out at the request of the government of Iraq, //    Read More →

Iraq’s New Prime Minister, Top Cleric Urge Country To Unite

Posted by on Aug 16, 2014 | Leave a Comment

 Iraq’s most influential cleric, Grand Ayatollah Alial-Sistani, threw his weight on Friday behind the new prime minister, calling for national unity to contain sectarian bloodshed and an offensive by Islamic State militants that threatens Baghdad. Speaking after Nuri al-Maliki finally stepped down as prime minister under heavy pressure from allies at home and abroad, the spiritual leader of Iraq’s Shi’ite... 

Iraq: President Barack Obama, U.S. Airstrikes will continue, and are committed to the mission

Posted by on Aug 15, 2014 | Leave a Comment

Iraq: President Barack Obama, U.S. Airstrikes will continue, and are committed to the mission U.S. President Barack Obama Stated Aug. 14 that U.S. Military will continue to carry out airstrikes in Iraq to protect U.S. personnel in the country,   //  Read More →

Iraq: France, U.K. committed to Directly Support Kurdish Fighters

Posted by on Aug 15, 2014 | Leave a Comment

France stated it’s commitment to increase its support to Kurdish fighters in northern Iraq after a phone call between French President Francois Holland and Iraqi President Fuad Massum, Hollande also confirmed the delivery of military equipment and humanitarian aid. The British Prime Minister David Cameron stated he and the British government is fully prepared to supply weapons to Iraqi Kurdish forces, //  Read More →

Iraq: Nouri Al-Maliki Withdraws Prime Minister Candidacy

Posted by on Aug 14, 2014 | Leave a Comment

Iraqi Prime Minister Nouri al-Maliki through international pressure and abandonment from Iranian support has withdrawn his candidacy for the seat of prime minister, Maliki gave his support to the New appointed Prime Minister Haider al-Abadi Maliki announces he wants to remain in the political process, asking for the post of vice president in the next government, //    Read More →

Iraq: U.S. Still Considering Sending in Ground Troops to help Refugees

Posted by on Aug 14, 2014 | Leave a Comment

U.S. Deputy National Security Advisor Benjamin Rhodes on Aug. 13, stated “the White House would consider sending forces to rescue Yazidi refugees in Iraq” if U.S. military advisors already deployed recommend it, AP reported. Rhodes also spelled out the difference between using troops for aid and rescue versus fighting ISIS, which President Obama continues to oppose. 130 additional military personnel arrived in Baghdad... 

Iraq: U.S. Special Forces after conducting reconnaissance to Leave Sinjar Mountains

Posted by on Aug 14, 2014 | Leave a Comment

20-30 U.S. Military Special Forces have left the Sinjar Mountains in northern Iraq on Aug. 13, after a reconnaissance mission to measure the ongoing situation in the Northern Iraq. //    Read More →

Iraq: Iranian has abandon Noiri al-Maliki, Iran’s Supreme Leader Backs Iraq’s new Prime Minister-Designate

Posted by on Aug 13, 2014 | Leave a Comment

Iranian Supreme Leader Ayatollah Ali Khamenei joined senior Iranian officials in welcoming Iraq’s prime minister-designate, Haydar al-Adadi, BBC reported Aug. 13. The welcome indicates that Iraqi incumbent Prime Minister Nouri al-Maliki has lost the patronage ofTehran, his largest supporter in the region. //  Read More →

Iraq: Power shift

Posted by on Aug 13, 2014 | Leave a Comment

Prime Minister Nouri al-Maliki has lost the majority of Iraq’s Shiite leadership; by announcement the leadership will be in full support for the newly appointed prime minister-elect, former Deputy Speaker of Parliament Haider al-Abadi. Al-Abadi is a senior leader and Member of Parliament in Iraq’s Shiite Islamist Hizb al-Dawah party as well as al-Maliki’s own State of Law coalition. Also, Political... 

Iraq: France to Arm Kurdish Fighters, EU Expresses Support

Posted by on Aug 13, 2014 | Leave a Comment

French President Francois Hollande announced that the country would arm the Kurds in northern Iraq fighting against the Islamic State, AFP reported. Also The German’s Foreign Ministry has stated they are considering aid and military equipment. //  Read More →

Iraq: U.S. Vice President in a phone call Monday Aug 11, Congratulates New Prime Minister Nominee

Posted by on Aug 11, 2014 | Leave a Comment

August 11, 2014  U.S. Vice President Calls Prime Minister Nominee, Haider al-Abadi,Iraq’s new designated prime minister, was congratulated on Aug, 11 on being nominated to help create the new Iraqi government. U.S. VP Biden also assured President Barack Obama’s  support for a new,  inclusive government in Iraq that is able to reach out to different  factions and combat the advances of the Islamic State. ... 

Breaking News: Iraqi president names new prime minister

Posted by on Aug 11, 2014 | Leave a Comment

Baghdad leaders moved to replace Al-maliki, also the U.S.suggest that he step aside and let someone else deal with the Sunni insurgency engulfing the nation. Iraq’s new president is pushing the incumbent Prime Minister Nouri al-Maliki out, by nominating the deputy parliament speaker Haider al-Ibadi asking him to form a new government, this move was aimed to unifying the country against radical Sunni militants in... 

Breaking News: Prime Minister Nouri al-Maliki, stated that he will not give up his post.

Posted by on Aug 10, 2014 | Leave a Comment

In a televised address Iraqi Prime Minister Nouri al-Maliki  Aug. 10 Prime Minister Nouri al-Maliki, stated that he will not give up his post.  Al Arabiya reported, Approx 90 minutes before his broadcast, the Iraqi National Army, police and counter-terrorism forces deployed across Baghdad, including around the Green Zone and Baghdad International Airport.Al-Maliki stated that Iraq’s new President has violated... 

Kurdish forces retake 2 towns from militants in northern Iraq

Posted by on Aug 10, 2014 | Leave a Comment

Kurdish forces took two towns from Islamic militants that have seized parts of northern Iraq, Kurdish military official stated, Brig. Gen. Shirko Faith “the Kurdish fighters were able to push the militants of the Islamic State group out of the villages of Makhmour and al-Gweir, some 27 miles from Irbil”. The United States military announced a fourth airstrike Sunday against militant vehicles and mortars firing on... 

National security official defends Obama’s Iraq strategy

Posted by on Aug 10, 2014 | Leave a Comment

Deputy National Security Advisor Ben Rhodes joins Judy Woodruff to discuss the Obama administration’s decision to launch airstrikes and drop humanitarian aid inside Iraq. Rhodes answers conservative criticism that the U.S. needs a stronger military strategy, as well liberal criticism that military intervention is a slippery slope.   // _//  Read More →

Third round of airstrikes against Islamic State forces by the U.S. Military

Posted by on Aug 09, 2014 | Leave a Comment

Third round of airstrikes against Islamic State forces by the U.S. Military U.S.military forces conducted four airstrikes today against the Islamic militants (ISIS) in Iraq Saturday mid-noon, destroying armored vehicles firing on civilians, US military officials stated U.S. Central Command stated the airstrikes against militants (ISIS), the strikes were spread out, with three before noon Eastern Time on Saturday and one... 

Breaking News: Prime Minister Al-Maliki’s Exit, Al-Maliki cleared the Presidential Library of his profile

Posted by on Aug 09, 2014 | Leave a Comment

After receiving assurances From the Alliance. Al-Maliki cleared the Presidential Library of his profile Agency day 8 Aug 09, 2014 Baghdad Sources are stating, they have Cleared outgoing Prime Minister Nuri al-Maliki the Prime Minister’s Office from his personal and sensitive files. The Office said Al-Maliki told ((day)) that the eviction process initiated since the early hours of Friday evening, Al-Maliki needs... 

Baghdad is sending a C-130 cargo plane to help arm the Kurds

Posted by on Aug 08, 2014 | Leave a Comment

According to Reuters, Baghdad is sending a C-130 cargo plane to help arm the Kurds in Northern Iraq, the Peshmerga Forces are in Arbil, facing a possible push from the ISIS militants  Baghdad and Washington are working together closely to make sure more delivery of small arms will be conducted. //  Read More →

Developing: The United States Military has conducted a second airstrike on targets near Irbil

Posted by on Aug 08, 2014 | Leave a Comment

The United States Military has conducted a second airstrike on targets near Irbil. Rear Admiral John Kirby stated the U.S. has launched two more airstikes to help defend Irbil, where U.S. personnel are “assisting the government of Iraq.” Admiral John Kirby also stated Drones were used in the operation unmanned piloted aircraft dropped payload on a terrorist mortar position. ISIS militant fighters returned... 

US military hit terror targets in Iraq, airstrikes conducted from the USS George HW Bush in the Persian Gulf

Posted by on Aug 08, 2014 | Leave a Comment

a “targeted” airstrike on Friday against ISIS militants in Iraq, In a speech Thursday evening President Obama Commented on giving US air support to help Protect Minority groups , Iraqi civilians, and U.S. Personal. Secretary Rear Adm, John Kirby announced Friday the U.S. military conducted an airstrike using 500-pound bombs on artillery used to shell the Northern Kurds. The strike was conducted approximately 6:45... 

Security Council calls to support Iraq in its confrontation with ISIS

Posted by on Aug 08, 2014 | Leave a Comment

UN Security Council called to support Iraq in its struggle with terrorist ISIS . British ambassador to the United Nations Mark Lyall Grant, president of the Security Council for this month appealed the current members of the Security Council and the international community to support the Government and people of Iraq, and to do everything to alleviate the suffering of the affected people by the ongoing armed conflict... 

US to Give Kurdish Forces Air Support

Posted by on Aug 07, 2014 | Leave a Comment

has learned from a high-level American official that the United States has offered the Kurds air support in their fight against the Islamic State of Iraq and Syria (ISIS). The official source who didn’t want to be named said that the US would also provide the Kurdish Peshmerga with arms and military expertise. The American offer is said to include humanitarian aid to be transported by air to the people of Shangal and... 

Iraq: Kurdish Forces Coordinate To Counter Islamic State

Posted by on Aug 06, 2014 | Leave a Comment

Iraqi Kurdistan’s Peshmerga coordinated a counteroffensive against the Islamic State with Kurdish forces from Syria and Turkey, a political leader said Aug. 6, Yahoo News reported. Fighters affiliated with Turkey’s Kurdistan Worker’s Party and Syria’s Democratic Union Party are reportedly leading operations in the Sinjar area while Iraqi Peshmerga forces focus on securing areas around Mosul. Baghdad... 

Secretary General meets with the U.S Ambassador

Posted by on Aug 06, 2014 | Leave a Comment

The secretary general of the Islamic Virtue Party, Hashem al-Hashemi discussed with United States Ambassador in Baghdad, Robert Stephen Beecroft, security and political situation in Iraq. The secretary-general, according to a statement of the Virtue Party, expressed hope that the National Alliance reaches to consensus on the nomination of its candidate for prime minister during the constitutional period, and form a government... 

Barzani and Oglu discuss the security and political developments in Iraq

Posted by on Aug 06, 2014 | Leave a Comment

Erbil / NINA / The President of Kurdistan, Massoud Barzani received on Tuesday a phone call from Turkish Foreign Minister Ahmet David Oglu. An informed source said that they discussed the latest developments in the area of Sinjar and the political situation in Iraq, adding, that the two sides also discussed the humanitarian aid provided by Turkey. / End // LINK  Read More →

Iran: Official Says Country Is Seeking Successor To Iraqi al-Maliki

Posted by on Aug 05, 2014 | Leave a Comment

August 5, 2014 | 1311 GMT A senior Iranian official said Aug. 5 that Tehranis currently in talks with Iraqi factions to find a replacement for Iraqi Prime Minister Nouri al-Maliki, Reuters reported. Like al-Maliki, Iraq’s next head of state will almost certainly be beholden to Tehran. //    Read More →

Maliki instructs Air Force to support Kurdish Peshmerga forces

Posted by on Aug 05, 2014 | Leave a Comment

Baghdad (AIN) –The Premier, Nouri al-Maliki, instructed the Air Force to support the Peshmerga forces fighting the ISIL terrorists. The spokesperson of the General Commander of the Armed Force, Qasim Atta, stated in a press statement “Maliki instructed the Air Force to support the Peshmerga forces while fighting the ISIL terrorists.” /End/ // LINK  Read More →

The importance of the projects to stimulate the economy

Posted by on Aug 04, 2014 | Leave a Comment

Baghdad Yasser incumbent showed the circumstances in the country, the importance of small and medium enterprises, which has long advocated by economists, and despite efforts by some private banks in the formation of a coalition between some of them in the founding of the company in support of these projects Aln importance emerged in the current stage, especially after closing Some border supply source of those products. Perhaps... 

Prime Minister Maliki withdraws from 3rd term candidacy

Posted by on Jul 31, 2014 | Leave a Comment

On Wednesday, the MP for the Liberal bloc, Riad al-Saadi indicated that the National Alliance has five candidates for the post of prime minister, including al-Jaafari and al-Shahristani while noting that the outgoing Prime Minister, Nuri al-Maliki, withdrew his candidacy for the post because of political pressure. Saadi said, in an interview for IraqiNews.com, that “the National Alliance has five candidates for the... 

Adoption of the local currency in commercial transactions boosted worth

Posted by on Jul 22, 2014 | Leave a Comment

financial expert Ali Fukaiki importance of adopting measures trade in local currencies across the border for its role in facilitating the smooth flow of traffic of goods and international cargo across the countries that adopt this process. added in an interview with “morning” that cross-border trade in local currencies in vogue among the countriesthe world, pointing to the importance of activating the measures... 

New Parliament Speaker: Iraq ‘Cannot be Divided’

Posted by on Jul 21, 2014 | Leave a Comment

The new speaker of the Iraqi parliament said in a televised interview that “Kurds believe in the constitution” and the country “cannot be divided.” Salim al-Jabouri also told Arabic Sky News that that Prime Minister Nuri al-Maliki remaining in office for a third run is only a “weak possibility.” Jabouri, who was elected last week as Iraqi MPs and politicians grapple with a country in upheaval, acknowledged... 

Breaking News, Washington Post: Maliki will announce his resignation

Posted by on Jul 17, 2014 | Leave a Comment

According to the Washington Post, quoting media sources, especially by Iraqi Prime Minister Nuri al-Maliki will announce his resignation within days, indicating he would support an independent candidate to succeed him, the newspaper said in a news Mguetillt published on Wednesday that al-Maliki agreed to step down from running for a third term, provided that the method appropriate to his person and reservation prestige,... 

Iraq has entered the division tunnel

Posted by on Jul 17, 2014 | Leave a Comment

The head of the Watania Coalition, Iyad Allawi confirmed that Iraq has already entered the tunnel of division because of accumulated errors and sectarian policies of the government, headed by Prime Minister Nuri al-Maliki. Allawi said in a press statement that “the shadow of division is set up heavily on Iraq, and there must be decisive and critical positions to stop the deterioration and restore Iraq’s stability,... 

Parliament elects Haider al-Abadi as Deputy Speaker

Posted by on Jul 16, 2014 | Leave a Comment

Iraq’s parliament elected the MP for the State of Law Coalition, Haider al-Abadi, to serve as the 1st Deputy Speaker of Parliament after he received 188 votes. The correspondent of IraqiNews.com in Parliament said that the members of Parliament voted this afternoon on the choice of MP Haider al-Abadi for the post of first deputy speaker. The correspondent added that al- Abadi got 188 votes, while 76 votes were considered... 

Miladinov: election presiding officers of Parliament is an important step for the resumption of the democratic process in Iraq

Posted by on Jul 16, 2014 | Leave a Comment

He welcomed the Special Representative of the Secretary-General of the United Nations in Iraq, Nikolai Mladenov to elect the House of representatives on Tuesday new presidential body. Miladinov said in a statement, by the way, every Iraq received IGN that “Salim Al-jubouri, and Haider Ebadi and Mohammad misfit team, I am confident that all political blocs will support their efforts to find compromises and agreements... 

Central Bank issued Services (Visa card) to reduce the phenomenon of carrying cash

Posted by on Jul 14, 2014 | Leave a Comment

Follow-up – and babysit – Central Bank announced the issuance of a system of electronic payment services for money (Visa card) to reduce the phenomenon of pregnancy and money circulation. According to a statement of the bank, “the aim of developing financial and banking sector in Iraq and reducing the phenomenon of pregnancy and trading coins and create an atmosphere of competition between financial institutions... 

CBI: Use of electronic payment system

Posted by on Jul 11, 2014 | Leave a Comment

Central Bank of Iraq, on Thursday, the use of electronic payments system for the settlement of the instruments between governmental institutions and banking. The bank said in a statement received news agency pratha a copy of it, he was “in order to develop financial and banking sector in Iraq and reducing the phenomenon of pregnancy and the circulation of money, it has been taking a number of measures in the automation... 

Iraq: Examining the Professed Caliphate

Posted by on Jul 10, 2014 | Leave a Comment

Summary The Islamic State, previously known as the Islamic State in Iraq and the Levant, has changed its name, but otherwise the militant group remains the same. Over the past weekend, a spokesman for the group announced that it had established a caliphate stretching from Diyala province, Iraq, to Aleppo, Syria. The caliphate is a political institution that the Islamic State claims will govern the global Muslim community.... 

Minister: Oil Sector Secure

Posted by on Jul 10, 2014 | Leave a Comment

Oil Minister Abdul Kareem al-Luaibi [Elaibi] has said that the Iraqi government is dedicated to supplying the ideal safe environment for international companies working in Iraq: “Work in oil refining facilities and oil fields is normal and the ministry has supplied the extra protection needed for those locations by coordinating with security authorities and energy officials.” Meanwhile, according to UPI, the U.S.... 

Surprise! No one was surprised by ISIS sweep

Posted by on Jul 09, 2014 | Leave a Comment

When ISIS sacked Mosul and Tikrit and threatened Kirkuk and Baghdad, the world seemed shocked — especially the Obama administration, which had long maintained that Iraq could defend its own borders. The sudden change in fortunes exposed how hollow the Iraqi army has become and highlighted the power manipulation of America’s ally Nouri al-Maliki, which left Iraq divided along sectarian lines in its greatest crisis... 

ISIS losing ground in Iraq, gaining it in Syria

Posted by on Jul 08, 2014 | Leave a Comment

The Iraqi government may be finally enjoying some military successes in their struggle to roll back the advancing Sunni Islamic militant group ISIS. On Thursday night, according to Baghdad, the Iraqi army recaptured the city of Awja, Saddam Hussein’s birthplace. “Backed by helicopter gunships and helped by Shi’ite Muslim volunteers, the army recaptured the village of Awja in an hour-long battle on Thursday night,... 

Nujaifi discuss with the U.S. and British ambassadors the constitutional requirements, and nomination of candidates for the three presidencies

Posted by on Jul 08, 2014 | Leave a Comment

BAGHDAD / Nina /Head of Mottahidoon Lilislah / united for reform / coalition , former Speaker Osama Najafi, discussed with U.S. and British ambassadors in Baghdad, Stephen Beecroft and Simon Cowles, in separate meeting held yesterday evening the constitutional requirements, and the nomination of candidates for the three presidencies, as well as work for the formation of a government of national unity guarantee the rights... 

Events in Iraq raises the price of gold and the dollar rise delay

Posted by on Jul 03, 2014 | Leave a Comment

Gold rose to its highest level in three months on Tuesday, boosted after the fall of the dollar and the worsening violence in Iraq, the appeal of the precious metal, which increased flows from the largest fund, backed with gold. Gold climbed in online transactions to 1332.10 dollars an ounce, its highest level since the twenty-fourth of March, and gold settled at 1327 dollars per ounce, and gold rose about 1 percent in... 

Kurds, Sunnis Walk Out of Iraq’s First Parliament Session

Posted by on Jul 02, 2014 | Leave a Comment

BAGHDAD, Iraq – Sunnis and Kurds walked out of the Iraqi Parliament’s first session on Tuesday, jeopardizing efforts at putting together a unity government to confront a jihadi-led offensive that threatens to rip Iraq apart. The Parliament had convened as pressure mounted on the Shiite Prime Minister Nouri al-Maliki to step down amid a crisis that has seen jihadi-led insurgents capture much of northern Iraq. The legislators... 

CBI: our reserves “safe” with banks abroad

Posted by on Jun 18, 2014 | Leave a Comment

Showed Iraqi Central Bank Governor Abdul-Basit Turki regretted that the Iraqi monetary policy to deal with the exceptional circumstance present that Iraq is going through, stressing that the CBI has the ability to support the exchange rate of the dinar to the fullest extent and without a roof, and that the reserves of the Central Aalaraca “safe” with banks outside Iraq. This pointed out that the Turkish foreign... 

Iraqi judiciary is discussing with the U.S. to activate the strategic agreement between the two countries

Posted by on Jun 05, 2014 | Leave a Comment

Baghdad … met federal judicial power, on Tuesday, with the U.S. side to activate the terms of the strategic cooperation between Iraq and the United States in the field of justice, the parties stressed the keenness of the members Alganhalmstrkh to achieve the desired goals of the conclusion of the Convention. According to the site Judicial Council, said the head of the judiciary Judge Medhat al-Mahmoud in the opening... 

Gold falls in the longest losing streak in 7 months

Posted by on Jun 04, 2014 | Leave a Comment

Gold fell for the fifth straight session on Monday, recording the longest losing streak since November (November) and record its lowest level in four months due to rising stock prices and weak demand in Asia today. The gold fell to 1240.69 dollars per ounce, the lowest level since early February, before recovering slightly to 1243.40 dollars by the time 0633 GMT. The current wave of landing the longest since the period... 

A Power Struggle of a Different Kind

Posted by on Jun 04, 2014 | Leave a Comment

While much of the world’s media focuses, understandably, on the contest to form the next government, a power struggle of a different kind has come to a head between the central government in Baghdad and the semi-autonomous Kurdistan Regional Government in Erbil. In what many regard as a milestone for Kurdish independence, the first tanker of Kurdish crude oil sailed for Europe at the end of last week from the Turkish... 

Kurdistan Risks Isolation by Exporting Oil

Posted by on Jun 03, 2014 | Leave a Comment

The announcement this month that the Kurdistan Regional Government (KRG) was exporting oil independently of the Iraqi central government was an attempt to impose a new reality on the ground before proceeding with negotiations on the formation of a new Iraqi government. This move, however, will have an impact on the negotiations that goes beyond relations between Baghdad and Erbil. It not only annoyed Prime Minister Nouri... 

Iraq House of Representatives: optimism toward the U.S. decision on the lifting of the immunity from Iraqi funds, and calling him a positive step

Posted by on Jun 02, 2014 | Leave a Comment

The members of the House of Representatives optimism toward the U.S. decision on the lifting of the immunity from Iraqi funds , and calling him a positive step . The United States’ commitment to the protection of Iraq’s money and his assets have been proven in the strategic partnership agreement signed between Iraq and the United States in 2008. Been renewed as protection money to the U.S. for two consecutive... 

Barzani: We are seeking to be independent in oil production

Posted by on May 29, 2014 | Leave a Comment

The Prime Minister of the Kurdistan region, Nechirvan Barzani said the province is trying to be independent in the production of electricity and oil and it is ready to export 250 thousand barrels of crude oil per day .” Barzani said, during being hosted by the Parliament of the Kurdistan region today , according to the Patriotic Union of Kurdistan (PUK) site : “The Kurds will not return back, and the era of issuing... 

The President signed an Executive Order (E.O.)

Posted by on May 28, 2014 | Leave a Comment

The President signed an Executive Order (E.O.), “Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,” terminating the prohibitions contained in Executive Order 13303 of May 22, 2003, as amended, on any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to... 

Economic Analyst is the central bank’s move to ban currency trading default the action is necessary to maintain the gravity of the Iraqi economy

Posted by on May 28, 2014 | Leave a Comment

Tuesday, 27 May 2014 17:12 Counting economic analyst Chairman Economic Information Center Dergham Mohammed Ali, the central bank’s move Bhoudr transactions in one virtual currencies the action necessary to maintain the gravity of the Iraqi economy and the banking and financial transfer. Said Mohammed Ali, said that “the Central Bank is of paints fiscal policies, which defines the mechanics of trading cash... 

Iraq could Take Lead in FDI

Posted by on May 27, 2014 | Leave a Comment

Growth in foreign direct investment (FDI) to Egypt, Iran, Iraq, Lebanon and Jordan should overtake the “expansion of flows” to the Gulf Cooperation Council (GCC) by 2019, according to a new report from London’s Centre for Economics and Business Research (CEBR) and the ICAEW. The report focuses on the GCC member countries (United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait), plus Egypt, Iran, Iraq,... 

Ministry of Planning: checking and marking more than 146 kg of gold during last April

Posted by on May 27, 2014 | Leave a Comment

nnounced that the Ministry of Planning and Development Cooperation, Sunday, for examination and marking more than 146 kg of gold last April, while suggesting its conduct inspections periodically to gold shops in some parts of Baghdad. said Planning Minister Ali Shukri said in a statement received “Alsumaria News “, a copy of which was that” the Central Agency for Standardization and Quality Control of... 

Iraq sues Turkey

Posted by on May 26, 2014 | Leave a Comment

(Independent) … announced that the Iraqi authorities to take legal action against Turkey after Ankara’s announcement to begin exporting oil northern Kurdistan region, to the world market, according to an official statement announced Friday. A statement by the Iraqi Oil Ministry in Alanklyzahoatalaat it (Independent) … “We have requested arbitration against the Republic of Turkey and BOTAS transmission lines to... 

Iraq elections: Maliki’s coalition won

Posted by on May 26, 2014 | Leave a Comment

No surprise victory for State of Law bloc and its allies an overwhelming parliamentary majority. With but 93 seats in the Council, you need to alliance with other forces to form a government. Coalition Egypt to repeat Maliki and the Shiite House rejected until now. coalition of state law, Egypt to be Nuri al-Maliki as prime minister for the third time, and the Liberal bloc (chest), and the citizen (Hakim) and most of... 

Iraq is now eligible to enter the World Trade Organization

Posted by on May 23, 2014 | Leave a Comment

increased the votes to claim Iraq’s accession to the World Trade Organization, as part of the phase transformation to the capitalist system and its openness. And fulfill its obligations to the international community made by the same signing of the Charter of the International Covenant. since said economic analyst Abbas Ghalibi that the economic environment in Iraq are not eligible for entry into the WTO because... 

Investment Baghdad: a plan for the provision of 1.3 million jobs

Posted by on May 22, 2014 | Leave a Comment

Baghdad Investment Authority has prepared a plan to provide 1.3 million jobs for the segment mentioned within its residential projects. This comes at a time revealed the Ministry of Labour and Social Affairs for registration of more than four million unemployed during the past six years. Chairman of the Investment Commission of the province of Baghdad Shaker Zamili stressed that the Authority has prepared a plan to provide... 

Letter to the Congress — Continuation of the National Emergency with Respect to the Stabilization of Iraq

Posted by on May 20, 2014 | Leave a Comment

Dear Mr. Speaker: (Mr. President:) Section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)) provides for the automatic termination of a national emergency unless, within 90 days prior to the anniversary date of its declaration, the President publishes in the Federal Register and transmits to the Congress a notice stating that the emergency is to continue in effect beyond the anniversary date. In accordance... 

Ministry of Finance: Iraq does not need to protect the American money

Posted by on May 20, 2014 | Leave a Comment

With the approaching deadline annual renewal of Iraq’s request to extend the protection of his money in the twenty-second of May of each year, the Ministry of Finance, this time not to renew the claim the U.S. administration to the protection of his money. director of administration and planning at the ministry, confirmed that the government would not seek renewal of American protection to Iraqi funds deposited... 

Trade between Iraq and Iran to reach to $20 billion

Posted by on May 19, 2014 | Leave a Comment

Minister of Economy and Finance Ali Tayebnia said that Iran-Iraq trade volume will reach as high as $20 billion in value by the next three years from present $12 billion. In a meeting with Iraqi Deputy Prime Minister Nouri Shavis in Tehran on Tuesday on the sidelines of inking a bilateral protocol for economic and investment cooperation, Tayebnia said Iran-Iraq trade volume was more than six billion dollars in 2013. He... 

to revive the Iraqi economy experts: the diversity of the currency basket is the best solution

Posted by on May 19, 2014 | Leave a Comment

Mushtaq Al-Jassem Confirmed a number of specialists and economists that there is diversity in the basket of currencies of the Iraqi order to develop and activate the economic process in the country, while the student a number of specialists structural reforms to work the economic sector. Says economist Faraj Saad Allah of the best solutions to address the low value Aldenarabraghi against other currencies is the diversity... 

BREAKING NEWS. E C :The election results will be announced tomorrow or the day after

Posted by on May 17, 2014 | Leave a Comment

BAGHDAD   -The Electoral Commission announced that the final results of the elections which held April 30 could be announce on Sunday evening or on Monday. The Chairman of the Board of the Electoral Commissioners Serbst Mustafa said in a press conference today that “the final results of the elections which were held on the thirtieth of April, may announce on Sunday evening or on Monday after the completion of the counting... 

Governor of the Central Bank of Iraq: the opening of branches of banks of U.S., French and Lebanese in Baghdad

Posted by on May 16, 2014 | Leave a Comment

Bey revealed the governor of the Iraqi Central Abdel Basset Turki from near the opening of branches of U.S. banks and the French and Lebanese in Iraq. Turki said in a special statement (the statement), it will soon be opening branches of U.S. banks, including Pocket Morkn and Citibank, noting that the investment opportunities that would be granted to these banks will not be available in the same way for other banks in... 

Non-oil sectors to achieve sustainable development

Posted by on May 15, 2014 | Leave a Comment

Baghdad morning requires a transfer of financial resources of the state to investments in human capital and financial assets for sustainable development to generate future income for future generations to ensure the success of the investment program linked to the achievement of increased production and oil revenues for its importance in the development of the productive sectors of the non-oil. According to the adviser... 

Oil Expert rules out Iraq influenced by Saudi Arabia’s decision not to reduce its production in the / OPEC

Posted by on May 15, 2014 | Leave a Comment

The oil expert, Hamza al- Jewahri ruled out Iraq’s impact in Saudi Arabia’s decision not to reduce oil production ceiling in the Organization of / OPEC / , stressing that Iraq is continuing to raise its oil production ceiling and is ready to compete with oil-producing countries . He said in a statement to the National Iraqi News Agency / NINA / that ” Iraq has large oil fields and did not affect in the rising of... 

al-Maliki agreed to a demand, the coalition’s rejection of the third term for him.

Posted by on May 14, 2014 | Leave a Comment

A source in the National Alliance, that the head of a coalition of state law, Nuri al-Maliki agreed to a demand blocks the coalition’s rejection of the third term for him. - Source said: “The prime minister of the outgoing realized that winning a third term is impossible after obtaining his coalition on less than 80-seat parliament according to the results supplied by the Electoral Commission for elections.... 

Parliamentary Finance: Delete the three zeroes from the currency early in 2015

Posted by on May 12, 2014 | Leave a Comment

Suggested the parliamentary finance committee, project application to delete the three zeroes from the currency early next year, saying that the current situation is appropriate to implement the project. A member of the Committee Deputy Abdul Hussain al-Yasiri told / JD /: “The central bank has vowed in the past years the application of the project to delete the zeros early in 2014, but reversed his decision and... 

Iraq: Foreign Economic Relations Department organizes introductory course to WTO

Posted by on May 12, 2014 | Leave a Comment

Department NewsThe Department of Foreign Economic Relations at the Ministry of Commerce seminar WTO and its agreements in the judicial Development Institute of the Supreme Judicial Council, the judge in the presence of Amir al-Shammari and a number of years and Alqdhahoualemdein staff He said Tharwat Akram Salman, director of the World Trade Organization in the circle of economic relations that the aim of the seminar... 

United Nations Mission in Iraq chosing to grant a third term for Maliki

Posted by on May 12, 2014 | Leave a Comment

Smiling face-detection of regional source works in one of the international organizations of the United Nations, the United Nations Mission in Iraq, headed by Nikolai Mladenov chosing to grant a third term for incumbent Prime Minister Nuri al-Maliki. The source said the “smiling face” correspondent in Baghdad, “the perspective of the United Nations Mission in Iraq, headed by Mladenov chosing to convince... 

New US Ambassador to Iraq nominated

Posted by on May 10, 2014 | Leave a Comment

Baghdad (AIN) – US President Barack Obama nominated a new Ambassador to Iraq to replace the former Ambassador Stephen Beecroft. A statement by the White House received by AIN cited “Obama said on Thursday he would nominate two career diplomats with extensive experience in the Middle East as ambassadors to Egypt and Iraq.” “Robert Stephen Beecroft, who has been U.S. ambassador in Baghdad since 2012, was nominated... 

World Bank: Iraq targeting the energy sector jobs

Posted by on May 10, 2014 | Leave a Comment

Hussein Abbas / Anatolian / World Bank confirmed its commitment to support Iraq to benefit more from the oil sector, the most important source of revenue in the country and turn it into an engine for development. The World Bank noted in a recent report obtained by Anatolia on a copy of it on Friday that the recovery in the Iraqi oil sector has made great progress despite the continuing fragility of the security situation,... 

Women hold the key to economic growth in Iraq

Posted by on May 09, 2014 | Leave a Comment

A new programme teaching business skills is bringing independence and economic development to the women of Iraq. Now it’s their turn to pass it on Iraq, May 6, 2014 According to the World Economic Forum’s Global Gender Gap Report, the Middle East and North Africa are the only regions where the overall economic standing did not improve in 2013. Yet, around the world, we are hearing a growing chorus that women are... 

Official Election Results Announced 25th of May

Posted by on May 09, 2014 | Leave a Comment

Iraq’s Independent High Electoral Commission has confirmed that the final official results of the April 30th elections will be announced on the 25th of May. So far a number of sources have released preliminary results, or what they have described as a first count. Elsewhere, various parties have claimed an approximate number of seats while PM Maliki has claimed he has enough seats to retain premiership. It is notable... 

IMF: MIDEAST ECONOMIC OUTLOOK Mideast Growth Outlook to Improve Overall, Bold Reforms Still Needed

Posted by on May 08, 2014 | Leave a Comment

Oil exporters post solid non-oil growth, but need to strengthen budgets and diversify economies Oil importers see tepid growth due to weak confidence, sociopolitical frictions, and conflict in Syria Transition countries need bold reforms to spur growth and create well-paying jobs Economic growth in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) is expected to strengthen this year, but weak confidence... 

Central Bank: Iraq is seeking to increase its GDP to more than 13% and non-oil activities at a rate of (7.5%) per annum

Posted by on May 07, 2014 | Leave a Comment

Central Bank of Iraq on Sunday, the National Development Plan 2013-2017, seeks to raise the economic growth and the implementation of reform programs and development projects are many, as he emphasized that such a plan and policy aim to raise the GDP growth at an annual rate (13.3%) and the development of non-oil activities at an annual rate (7.5%). The administration has said the central bank in response to questions... 

Iraq issued new banknotes with high security specifications; Existing notes will be gradually replaced

Posted by on May 01, 2014 | Leave a Comment

Iraq Central Bank announced last week for printing new bank notes contain signs of additional security make it difficult to counterfeit or tampered with. The Director of Treasury at the Central Bank Ihsan Shomran Yasiri to my home that the CBI re-printed paper currencies of small denominations (250, 500 and 1000) dinars, and also large groups (5, 10 and 25) thousand dinars. “ “The new currency, which started offering... 

Iraqi Central Bank announced last week for printing new bank notes contain signs of additional secur

Posted by on May 01, 2014 | Leave a Comment

The Director of Treasury at the Central Bank Ihsan Shomran Yasiri to my home that the CBI re-printed paper currencies of small denominations (250, 500 and 1000)dinars, and also large groups (5, 10 and 25) thousand dinars. ” “The new currency, which started offering small ones for trading not much different from the currency currently in circulation among the citizens in terms of shape, but it provided the... 

Central Bank plans to change the current currency

Posted by on Apr 22, 2014 | Leave a Comment

onfirmed the parliamentary Finance Committee approved the proposal of the Central Bank in order to reprint a new series of banknotes and change the images, while the central bank began to re-print the banknotes in Iraq. Said committee member Hassan al-Bayati (time) yesterday that the (bank’s management had submitted a proposal to the Parliamentary Committee requests by the need to reprint banknotes and change the... 

out of Chapter VII vacated the Central Bank of International Responsibilities

Posted by on Apr 21, 2014 | Leave a Comment

The views of monitors economic and financial sector and banks on the withdrawal of Iraq from Chapter VII and the impact of This is going out on its monetary policy. As the economist said Ibrahim al-Mashhadani said that “the measures taken by the Iraqi government after emerging from Chapter VII is the fact that the portfolio of financial and economic.” He said al-Mashhadani said in a statement singled out by the (Baghdad... 

Central Bank reserves reach 100 billion dollars

Posted by on Apr 13, 2014 | Leave a Comment

Revealed the CBI, on Sunday, announced the arrival of its reserves of hard currency to the equivalent of 90 trillion dinars end of the month of February, while expected to continue to increase the proportion “not great” not being able to reach the barrier percent billion, attributed to the expansion in Feeding foreign trade to the private sector. The administration has said the central bank in the gallery its written... 

CBI sells gold to the public it will strengthen dinar and reduce dollarization

Posted by on Apr 10, 2014 | Leave a Comment

CBI sells gold to the public it will strengthen dinar and reduce dollarization If CBI sells gold to the public it will strengthen dinar and reduce dollarization Baidhani described monetary policy successful Baghdad – Mostafa Hashemi said the academic economic Dr Majid Baidhani that a central bank to activate the monetary policy tools and the willingness to sell gold to the public would be granted dinar greater strength... 

CBI Announces 3X Increase of Reserves of Pure Gold

Posted by on Apr 07, 2014 | Leave a Comment

BAGHDAD / NINA / The Central Bank announced on Thursday the rise of its reserves of pure gold up to 90 tons , after it bought 60 tons during the last two months . According to a statement by the Central Bank of Iraq today said that the bank’s reserves of pure gold reached 90 tons, after buying 60 tons during the last two months from various sides in the framework of diversification of its reserves and supporting the... 

CBI announces delivery of 90 tons of gold to support IQD

Posted by on Apr 04, 2014 | Leave a Comment

The Iraqi Central Bank, disclosed Thursday, the arrival of up to 90 tons of gold to support the value of the Iraqi dinar, stating that it contributes to the strengthening of the national economy. The Central Bank said in a statement (term), “to buy 60 tonnes of pure gold from around the world over the past two months in order to support the national currency, dinar,” Noting that “the amount of gold reserves which... 

Money Still Flowing into Iraq

Posted by on Apr 04, 2014 | Leave a Comment

Iraq Business News:  With just four weeks left to the parliamentary elections, and all the uncertainty and risk that that brings, it is interesting to note that money is still flowing into the country and oil is still flowing out. On the production and export side, the latest figures look very positive, and Lukoil has just started production at the giant West Qurna 2 oilfield. As regards investment, we see Abu Dhabi’s... 

Central Bank announces contract for manufacturing of golden ingots.

Posted by on Apr 03, 2014 | Leave a Comment

BAGHDAD –Central bank of Iraq announced the signing of an agreement with a subsidiary of global manufacturing of golden ingots. According to a statement by the Central Bank today “In light of the decision of the Board of the Central Bank of Iraq to diversify the means of saving for the public has been contracted with one of the major companies coining global manufacturer of alloy of gold / 5 / gm to 1000 / / g to... 

Oil production will rise to 4 million barrels this year

Posted by on Apr 03, 2014 | Leave a Comment

Oil Minister Abdul-Karim and coffee, on Saturday, the West Qurna field in Iraq, the second will enable the production of four million barrels per day by the end of the year. The coffee in his speech during the opening of the West Qurna field, the second “This is a great achievement check the duration and cost of the standard,” noting that “the field is one of the giant fields of the world reserves exceeding... 

Central Bank raises for the protection of Iraqi funds abroad

Posted by on Apr 02, 2014 | Leave a Comment

Follow-up / newspaper probity – witness the next date of 5/22/2014 change economically and strategically a lift protection for Iraqi funds deposited in banks in the United States. Deputy Governor of the Central Bank of the previous appearance of Mohammed Saleh: “It’s (22 May 2014), will raise U.S. protection for Iraqi funds deposited in the” Development Fund for Iraq, “and will receive the responsibility of... 

CBI is preparing to take over Iraq’s assets in America

Posted by on Apr 01, 2014 | Leave a Comment

Jim Cramer’s Action Alert PLUS Following the passage of months out of Iraq from Chapter VII, is preparing the central bank eventually to raise U.S. protection imposed on the Iraqi funds deposited in the United States, step has been welcomed and raised fears at the same time about the possibility of achieving a quantum leap in the process of construction or damage to the funds of the Iraqi State, Is this money will... 

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... 

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... 

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... 

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... 

Private banks proceed to implement CBI instructions; Enhance value of the IQD to support national economy

Posted by on Feb 24, 2014 | Leave a Comment

Private banks will proceed to implement the instructions of the Central The head of the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki a meeting of general managers in the bank and a number of departments, private banks, as well as members of the Association of Banks in non-governmental organizations in Iraq. A source of (time) yesterday (that the meeting discussed the instructions for the sale and... 

Saleh: Central Bank intervention in the market to keep the exchange rate of the dinar

Posted by on Feb 15, 2014 | Leave a Comment

Deputy former central bank governor, on Wednesday, said the central bank intervention in the market to maintain the stability of the Iraqi dinar and maintain purchasing power. He said the appearance of Mohammed Saleh told the “time”, that “the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the... 

Economic Committee Member: Deletion of zeros project still in place; Only delayed for economic reasons

Posted by on Feb 15, 2014 | Leave a Comment

A member of the Committee on the economy and investment representative, Amer winner, said the project to delete the zeros from the national currency still exists, but it is in order for commercial reasons, in addition to the receipt of intelligence information for the creation of counterfeit currency for the purpose of replacing the new currency. He said the winner told the News} {Euphrates on Tuesday that “the project... 

Capital Banking Solutions to Supply Sumer Bank

Posted by on Feb 14, 2014 | Leave a Comment

Thursday, February 13 2014 Capital Banking Solutions, a provider of end-to-end banking software for retail, corporate, private and Islamic banks, has announced that Sumer Commercial Bank has selected CapitalBanker as its core banking system to be implemented in over 10 branches throughout 2014. With Sumer Commercial Bank as the 5th Iraqi bank to sign with Capital Banking Solutions, Capital Banking is now a front-runner... 

Shabibi: About the CBI’s decision to sell gold to dealers

Posted by on Feb 10, 2014 | Leave a Comment

Under the statement issued by the Central Bank of Iraq and for the purpose of diversification means savings to the public and to provide large quantities of gold from the origins of prudent central bank will CREATION ingots of pure gold and we would like to comment on this subject, including the following: that the central bank handles gold cash (which is gold held by central banks ) and not the gold trade (which is handled... 

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 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... 

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... 

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... 

Iraqi army battles to flush al Qaeda from Fallujah

Posted by on Jan 22, 2014 | Leave a Comment

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... 

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... 

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... 

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... 

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... 

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,”... 

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... 

Analyst: delete zeros from Iraqi dinar needs a political decision

Posted by on Dec 30, 2013 | Leave a Comment

Still citizens waiting to start implementing the project to delete the zeros of the Iraqi dinar for several reasons, perhaps the most important of which is the security aspect in the interaction between individuals, as many traders dealing in dollars for the lack of size of the money supply, compared to the Iraqi currency. member of the Finance Committee in the House of Representatives Abdul Hussain al-Yasiri see that... 

Economic Committee Member says, no zeros to drop from currency through the next 2 years

Posted by on Dec 30, 2013 | Leave a Comment

Economic Finance Committee exclude the application of the project to delete the three zeroes through the next two years 26-12-2013 08:51 AM Baghdad (news) .. Excluded the parliamentary Finance Committee application project to delete the three zeroes from the currency during the next two years because it would cause confusion for the Iraqi economy and increasing inflation rates of the country ‘by Ray Committee’. said Committee... 

Bank of International Settlements agreement to take Iraqi deposits is an achievement and will benefit Iraq

Posted by on Dec 30, 2013 | Leave a Comment

One indicator of his return to the focus of attention of the world The economist said the appearance of Dr. Mohammed Saleh, said that the Bank of International Settlements, accept deposits from Iraq will benefit the country through capital investment projects, financial investments. Was the Bank for International Settlements (BIS) which is an acronym for the Bank for International Settlements)) may feel the CBI Sunday... 

International economic expert: restructuring the currency does not offer nor delay the project to delete the zeros and provides a service to the Iraqi currency

Posted by on Dec 26, 2013 | Leave a Comment

Counting the international economic expert on behalf of Jamil Antoine restructuring of the Iraqi currency does not offer nor delay on the economy, noting that the project to delete the zeros provides a service to the Iraqi currency. He said that “the zeros in the currency increases the mattress decimal point, and this would get tired accountants because of the large amounts that are trading, as the, the fallibility... 

About the Issuance of a New Iraqi Currency

Posted by on Dec 23, 2013 | Leave a Comment

CBI seeks to delete three zeros from the Iraqi currency since 2003. A project that raises many concerns on the street level and the business community of Iraq, and it seems economists are divided between supporters of the project see it as an opportunity to reduce the rates of inflation and unemployment, among forewarned of economic shocks may dominate the Iraqi market due to the application of this project. The delayed... 

CBI to host its annual conference in Dubai in January 2014

Posted by on Dec 18, 2013 | Leave a Comment

Iraqi Central Bank announced on Tuesday, for the organization (the Second Annual Conference of the financial sector in Iraq), the end of January 2014 the next in the Emirate of Dubai, in line with the growing strength of the growth of economic development in the country, noting that the conference aims to display his strategy for financial and economic development, and attracting investments and foreign banks for the... 

Finance Committee Member projects 2014 budget will be sent to parliament this week

Posted by on Dec 18, 2013 | Leave a Comment

Ahmed Mohamed parliamentary Finance Committee announced that the government will send a draft law on the federal budget to the House of Representatives during the current week. She said the adoption of the budget discussions will take two months at least. Committee Chairman MP Haider al-Abadi’s «future» yesterday that according to our information, the draft general budget of the federal government will reach to parliament... 

Debate over dropping zeros will take place after 2014 government takes office

Posted by on Dec 16, 2013 | Leave a Comment

Migrate project to delete the zeros to the next government Parliamentary Finance Committee confirmed the deportation of the project to delete the zeros from the national currency to Iraqi custody next year, any new government after the elections, and said that the implementation date will remain postponed until now.The MP said Abdul-Hussein al-Yasiri for «future» yesterday that the process of deletion of zeros from... 

No plan to drop zeros in the current legislative session, says parliament sources. CBI says, not yet

Posted by on Dec 13, 2013 | Leave a Comment

Committees of Economy and Finance the parliamentary, ruled out the implementation of the project to delete the zeros from the currency, during the current legislative session, attributed the reason to the existence of objections by the Council of Ministers on the implementation of the resolution, as well as demanding the central bank to postpone the process of starting the project . was the CBI said, last April, that... 

Some Iraqi economist agree with postponement of restructuring Iraq’s currency

Posted by on Dec 11, 2013 | Leave a Comment

after preparations long it took 5 years for the process to delete the zeros and replace the Iraqi currency came today to announce the central bank to stop these measures and postponed to another slogan for many reasons hindered the march of the central bank in the removal of three zeroes, bankers said (citizen) .. that the present time is suitable for the replacement of the currency and favored the postponement of... 

Saleh: Iraq’s credit rating a B, not formally. Iraq needs official credit rating to facilitate access to finance

Posted by on Dec 11, 2013 | Leave a Comment

12/11/2013 0:00 seeks most governments and countries, companies or funding agencies to obtain credit rating in order to facilitate their access to finance that you want through the local markets or external reason to force the pace to get the highest degree of classification between countries the world to improve its reputation and economic development of the joints of the various productive sectors, to confirm for... 

Deletion of Zeros or Currency Restructure Postponed; Implemented most likely After 2014 Elections and Formation of Government – Says Committee Member

Posted by on Dec 11, 2013 | Leave a Comment

Announced the parliamentary Economic Committee, the central bank to postpone the project raise zeros from the Iraqi currency to the next parliamentary session. Committee member, said the MP for the Kurdistan Alliance, Najiba Najib, told all of Iraq [where], “The project to delete the zeros feet of the previous administration of the Central Bank at the time of any Shabibi former Fed governor . “ She added: “There... 

CBI says it is postponing any plans related to monetary policy changes (Deletion of Zeros, New Banknotes)

Posted by on Dec 09, 2013 | Leave a Comment

Baghdad: Iraq News Network – The Central Bank of inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market. Source confirmed early in the management of the central bank, “the world”, that “the head of the central bank, and after consultation with officials and advisers in the bank, decided to postpone any new process related to the currency monetary Iraq,... 

CBI postpones deletion of zeros, new coins and banknotes. Says, Change in system may cause fear in the market (points to new $100 bill)

Posted by on Dec 09, 2013 | Leave a Comment

  For fear of confusing the Iraqi market .. Central Bank of retreating from the deletion of zeros and the issuance of a new currency   Stressed the central bank, yesterday, his inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market.   As confirmed by a parliamentary committee that it “supports the decision of the bank, which was taken in consultation... 

Economist: Timing is right to delete the three zeroes from the currency

Posted by on Dec 06, 2013 | Leave a Comment

Baghdad (news) .. Said economic expert Dargham Muhammad Ali, to the present time appropriate for the application of the project to delete the three zeroes from the Iraqi currency, the fact that the exchange rate of the dinar relatively stable during the current period. said Mohammed Ali (of the Agency news): that the exchange rate of the dinar against the dollar relatively stable over than ever and can be initiated by... 

Governor of the Central Bank discuss with the Italian Ambassador Economic and banking Cooperation

Posted by on Dec 05, 2013 | Leave a Comment

Baghdad/ NINA /–The governor by interim of the Central Bank of Iraq Abdel Basset Turki discussed with Italian Ambassador Massimo Maruti the fields of economic cooperation and aspects of banking business development. According to a statement by the CBI : “The two sides also discussed ways to activate work works of Italian banks in Iraq and the most important laws and regulations relating thereto.” //  Read More →

Feasibility of new coins draws conflicting views from economist and politicians; Dropping Zeros still an option next year

Posted by on Dec 03, 2013 | Leave a Comment

Suffering of the Iraqi street of the scarcity of the currency of a small category (250, 500 and 1000) dinars, and found it undamaged and Mthtrh, and became citizens upset of used and especially the owners of taxis and commercial markets, but they accepted the deal out to preserve the continuation of their work flow. attributed the number of economists reason for the scarcity of Currency with the small category and ease... 

CBI Auction Statistics: last month, selling $ 3.8 billion and sales of 4 months amounted to about 16 billion dollars

Posted by on Dec 02, 2013 | Leave a Comment

Sunday, 01 November / 1 December 2013 07:05 According to statistics prepared by all of Iraq [where] that dollar sales at the central bank auction last month rose in November for auction sales in October. Amounted to dollar sales in the month of November 3 billion and 803.691 million compared to $ two billion and 191 million and 456 000 dollars in October while sales were during the month of September 5 billion and 275... 

CBI: International financial action group against money laundering decides to hold its next meeting in Iraq

Posted by on Nov 30, 2013 | Leave a Comment

28-11-2013 09:24 PM Baghdad (newsletter). The Iraqi Central Bank announced the approval of the financial action group for the Middle East and North Africa on money laundering offences and the financing of terrorism held a meeting in Iraq. The Bank said in a statement received (News Agency), a copy of: the financial action group for the Middle East and North Africa on crimes of money-laundering and the financing of terrorism... 

CBI to allow companies to broker the sale and purchase of foreign currency to enter the daily currency auction.

Posted by on Nov 28, 2013 | Leave a Comment

Iraqi Central Bank announced Wednesday, it will allow companies to broker the sale and purchase of foreign currency to enter the daily currency auction. The relationship manager in the bank in favor of Mahood’s “Tomorrow’s Press,” said that “companies to broker the sale and purchase of foreign currency would be allowed to enter the daily currency auction through any bank operating in Iraq,” adding that “such... 

Economist: It is not true that the window is closed because of the nature of the investment law

Posted by on Nov 27, 2013 | Leave a Comment

The economist said the appearance of Mohammed Saleh, said that calls for amending the Law on the Central Bank of the table by the bank six years ago, noting that “the Banking Act current No. 94 of 2004 for commercial banking, and we do not have the law of investment banking for the purposes of development.” and called for an economist appearance of Mohammed Saleh in contact with the (term), “banks that possess activities... 

CBI Governor: Banking Act needed; Dropping zeros inappropriate at this time

Posted by on Nov 26, 2013 | Leave a Comment

Called on the Central Bank of Iraq, on Sunday, to “revisit” the laws of the banks and the Central Bank and the fight against money laundering, and attributed the cause to “address the problematic lack of challenge of the activity of banks and the World Bank in the management of the economy”, and pointed out that the zeros “will not lift from the Iraqi currency now for not suitable circumstance. “ The central... 

Economist Opinion: For dropping of the zeros to be successful other steps must be implemented

Posted by on Nov 25, 2013 | Leave a Comment

The expert described the economic, Akram Abdel-Aziz, a step central bank to raise zeros from the local currency, “the action to reform aspects of the calculation.” It said in a statement told all of Iraq [where]: “The deletion of zeros is the restructuring of the financial sector and banking and reconsider the monetary policies.” They believed that “the deletion of zeros facilitates the use of exchange and... 

Central Bank: We seek to amend the banking laws and go to play a developmental role for the economy

Posted by on Nov 25, 2013 | Leave a Comment

The Central Bank of Iraq, on Sunday, seeking to amend the banking laws, including the proportion to the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that going to play a developmental role of the Iraqi economy. The governor of the Central Bank and the Agency Abdel Basset Turki said in his speech during the first sessions of the workshop... 

CBI: Currency reserves have exceeded $88 billion

Posted by on Nov 25, 2013 | Leave a Comment

 / Baghdad Revealed the CBI, on Sunday, the arrival of foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a “source of pride” for the Iraqis. The governor of the Central Bank and the Agency, Abdul-Basit Turki, said in an interview to the (long-Presse), “The bank accounts the beginning of October 2013 the past, recorded a reserve exceeds... 

CBI will discuss tomorrow the law of private banks

Posted by on Nov 25, 2013 | Leave a Comment

Tomorrow’s Press / BAGHDAD: Iraqi Central Bank on Saturday, for his extended workshop on Sunday to discuss the law of private banks and receive bids so special. The governor of the Central Bank and the Agency Abdel Basset Turki for “tomorrow Press”, “The aim of the gathering of economists and financial professionals as well as those in charge of financial management is to discuss possible amendments and what should... 

Banking Expert: In light of the high levels of inflation, Deletion of zeros from currency would not address the economic crisis

Posted by on Nov 23, 2013 | Leave a Comment

Said banking expert Samir Nasiri: that the process of deletion of zeros, announced by the Central Bank of Iraq will not deal with the economic crisis that has plagued Iraq, particularly with regard to the standard of living decline and deterioration of services. He added Samir Nasiri that the process of deletion of zeros from the currency “will not address the economic crisis that has plagued Iraq, especially falling... 

Economist calls for a proactive Iraq to pursuit false debt claims, protect DFI funds. Suggests deposting DFI funds in currency reserves to strengthen IQD

Posted by on Nov 22, 2013 | Leave a Comment

Calls for the central bank to take effective steps to restore the sovereignty of Baghdad called Economists Central Bank of Iraq to take effective steps towards the protection of Iraqi funds and to pursue a policy to ensure restoration of national sovereignty them especially after the hit Iraq more than $ 110 billion to creditors. confirmed in a statement to the (morning) the importance of studying the mechanisms capable... 

Iraq is facing the challenges of diversification of the economy

Posted by on Nov 22, 2013 | Leave a Comment

Iraq faces the challenge of how to achieve greater economic diversification despite the continued expansion of the exploitation of its oil resources, nor the Iraqi economy is still suffering structural weaknesses, such as the small size of the non-oil sector and the dominance of the public sector at all joints of the economy, and the lack of an enabling environment for doing business. He predicted «Qatar National Bank... 

Saleh supports continued use of currency auction; contributes to the stability of the exchange rate

Posted by on Nov 21, 2013 | Leave a Comment

They called to reconsider granting leave enter currency auction confirms experts and specialists need to reduce the effects of the parallel market to stabilize the market and the exchange rate of the dollar against the dinar, pointing to the importance of maintaining the experiences of economic participation in the auction currency. effects of the parallel market in this context called economic expert, Dr. Mohammed Saleh... 

CBI Denies plans to drop zeros in early 2014; Confirms issuance of bonds will improve IQD

Posted by on Nov 21, 2013 | Leave a Comment

He 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 yesterday Sunday: picked up some of the media statements of a House of Representatives about the timing... 

Deputy Prime Minister for Energy Affairs: Iraq’s economy to grow to 10% over 5 yrs; per capita income to rise

Posted by on Nov 21, 2013 | Leave a Comment

predicted Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, Wednesday, the high rate of growth in Iraq to 10% over the next five years, at a time confirmed the high per capita income of Iraq to six thousand dollars, called for the need to rely on statistical data real and professional fee State policy. Shahristani said during a speech at the Fourth Scientific Conference of the statisticians Arabs held in... 

Deleting zeros strengthens and raises the value of dinar, says process would be complete by 2015: Economic committee member

Posted by on Nov 20, 2013 | Leave a Comment

  member of the Economic Commission parliamentary MP Hassan Salman, Sunday, that the process of lifting the zeros from the Iraqi currency will strengthen the dinar and raise its value, stressing that the process will be completed during 2015. said Salman for “tomorrow Press,” that “there are countries fought a process raise zeros and achieved success on the economic side, “adding that” raise the value of... 

CBI says time is not right to drop zeros in 2014; Rebuking previous CBI administration opinion, says Committee Member

Posted by on Nov 20, 2013 | Leave a Comment

Baghdad (news) .. I exclude a member of the Finance Committee MP / National Alliance / Abdul Hussein al-Yasiri, anapplication project to delete the three zeroes from the national currency in 2014, indicating that the current administration of the central bank believes the time is not suitable for implementation of the project. Yasiri said (of the Agency news): that of its parliamentary When I asked the previous administration... 

CBI tells Finance Committee it will try to raise zeros from IQD beginning in 2014

Posted by on Nov 18, 2013 | Leave a Comment

Central Bank has submitted to the Finance Committee zeros currency beginning of 2014 Told the Iraqi Central Bank, the Finance Committee in the House of Representatives that he will try to raise zeros from the currency beginning in 2014. Said committee member Abdul Hussein al-Yasiri in a press statement that “the application of the decision to lift the zeros, will contribute significantly to reducing the monetary blocs... 

CBI denies the restructuring of the Iraqi currency and deleting three zeros of 2014

Posted by on Nov 18, 2013 | Leave a Comment

Baghdad (news) .. 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... 

CBI signs contract to develop the retail payment and use of the e-card to the phone

Posted by on Nov 16, 2013 | Leave a Comment

Iraqi Central Bank announced on Saturday, has signed a contract with a consortium led by “Bpc” to create and develop the infrastructure for retail payment systems, pointing out that the contract will develop the retail payment process and the use of credit cards in the mobile phone. The bank said in a statement issued today, and received “Alsumaria News”, a copy of “Bank and through his quest for the development... 

CBI Governor: Iraq plans to issue bonds in local currency for the first time since the overthrow of Saddam

Posted by on Nov 14, 2013 | Leave a Comment

(Reuters) – Abdul Basit Turki Saeed Iraqi Central Bank Governor on Tuesday that Iraq plans to issue bonds in local currency for the first time since the overthrow of Saddam Hussein, which would allow the country’s new tool of monetary policy. told Saeed told Reuters on the sidelines of a conference in Geneva that the first issue of bonds is expected to be worth three billion Iraqi dinars ($ 2.58 million). , adding... 

Economist explains some economic laws are in place, however GOI fails to apply or adopt correctly

Posted by on Nov 12, 2013 | Leave a Comment

Baghdad (news) .. Said economic expert Majid picture, that the problem in the economic laws are applied and activated, not at her age, indicating that the Consumer Protection Act passed two years ago but did not work. said Suri (of the Agency news): The Consumer Protection Act, although passed two years ago But he suffers from many shortcomings prevented the application, adding that the application of the laws of economics... 

Economist warns of Iraqi budget shortfall due to low oil revenue production

Posted by on Nov 11, 2013 | Leave a Comment

Baghdad (newsletter). Excluded Economist Mohammed dargham, a financial abundance in the current year’s budget for the implementation of projects stalled, indicating a lack of financial income due to lack of oil production. He Mehmet Ali (News Agency): oil output this year was below expectations, and the lack of a budget deficit next year because consumption of all madorat the reserves can finance the budget. He continued... 

Economic Committee member favors small banks integrating; Ensures survival and economy

Posted by on Nov 11, 2013 | Leave a Comment

10-11-2013 04:41 AM Baghdad (newsletter). He welcomed the Economic Committee member MP/Kurdish Alliance/j. shankali, the idea of integration of small private banks to ensure their survival and to compete for the global economy. Said shankali (News Agency): small banks to merge and make it a giant step good serve investors who need large sums to support their projects that small banks cannot provide them with limited capital... 

As a result of damage to paper currency .. Re-use of mineral claims for small monetary categories

Posted by on Nov 08, 2013 | Leave a Comment

Ali Abdul-Hussein As a result of damage to most of them, can not maintain their quality for a long period of use, has become the currency with small groups into grumbling and resentment of the citizens as a result of digging majority, thus opening the door to calls for restoration of the coin for these categories of money they are not affected by various factors that are exposed during circulation for long periods. To... 

Iraq enhances free market policies, says Shahristani

Posted by on Nov 08, 2013 | Leave a Comment

Baghdad/ Aswat al-Iraq: Iraqi deputy premier Hussein al-Shahristani stressed that the government is enhancing the policies of free markets through new economic laws that will meet world economic openness. He added that these measures will encourage direct or indirect foreign investments in Iraq. In his address in the Iraqi-South Korean Investment Conference, held in Seoul, he disclosed that trade exchange with South Korea... 

Iraq’s decision to stop dealing with Western Union could cause upheaval in currency market and affect reputation, development says economist

Posted by on Nov 07, 2013 | Leave a Comment

Central Bank’s decision to stop dealing with “Western Younine” cause upheaval in the currency market BAGHDAD – Iraq Press – November 6 / November: Stop the Iraqi Central Bank to deal with the company “Western Younine” It is a global company through which they can transfer money to all over the world, and is working to provide commercial services safe and fast way to convert cash and owns about 270 thousand... 

Finance Committee calls for the government to end its problems with the Kurdistan before the draft federal budget assignment

Posted by on Nov 07, 2013 | Leave a Comment

parliamentary Finance Committee asked the federal government to resolve all official books of financial problems with the Kurdistan Regional Government before the assignment of the draft federal budget for 2014 to the House of Representatives. Committee member said Najiba Najib’s “Twilight News”, “We in the Committee we made a formal request to the government spends resolving the financial problems with the Kurdistan... 

Expert: application of the Basel standards rise the performance of the Iraqi banks

Posted by on Nov 05, 2013 | Leave a Comment

Baghdad – Mostafa Hashemi counting expert bank standards Basel banking in Iraq from the good things that drive to achieve stability through the creation of fair competition between government and private banks through the services provided by these banks to citizens. and said banking expert Samir النصيري to apply the terms of the Basel in Iraq between the central bank and other banks would improve the performance... 

Finance Committee calls on the Government to adopt an economic plan for sustainable development in the country

Posted by on Nov 05, 2013 | Leave a Comment

04-11-2013 10:33 AM Baghdad (newsletter). Member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy, to the need to adopt an economic plan to support the private sector and other productive sectors to achieve sustainable development in the country. He said sources (News Agency): that Iraq lacks a clear economic plan and good despite the many plans being developed by the Ministry of planning and... 

Finance Committee Member calls for restructuring of the Iraqi currency

Posted by on Nov 04, 2013 | Leave a Comment

A member of the Finance Committee called MP Najiba Najib to the need to restructure the Iraqi currency; because the current currency is in line with the size of the Iraqi state revenues and cash currency in circulation and investment which will hopefully happen in the coming period. It showed Najib said in an interview transferred reporter, “news agency, Iraqi”: “The currency does not suffice; because traders, whether... 

Editorial: Will the CBI will be able to address the low value of the dinar?

Posted by on Nov 01, 2013 | Leave a Comment

Baghdad, Mustafa Habib At the door of the Rafidain Bank, the government stands hundreds of people in a long queue to buy the dollar after the bank allowed every Iraqi intended to travel to purchase 5,000 dollars at a subsidized price from the Central Bank of Iraq and the value of 1900 dinars per dollar. Iraqi dinar is witnessing weeks ago marked decline against the dollar value returned by economists and Vice specialists... 

Economic Representative calls on the Government to use international organizations to advance the economic reality

Posted by on Oct 30, 2013 | Leave a Comment

29-10-2013 06:53 AM Baghdad (newsletter). He called the economy and Investment Committee member MP//Salman al-Musawi, the need to use global organizations and advisory bodies in the development of plans to promote Iraqi economic realities. He said Callie (News Agency): the Iraqi economy still suffers from many problems they leave behind her his previous regime policies that destroyed the country and went on to him, and... 

Finance committee member in Iraq urged for supporting the stability of Iraqi dinars

Posted by on Oct 30, 2013 | Leave a Comment

The member of the Finance Committee, MP of the Kurdistan Alliance, Dlair Qadir called the Central Bank of the need to facilitate the procedures for the sale of hard currency for citizens and banking companies to support the Iraqi dinar exchange rate against the U.S. dollar. He opined that the central bank of Iraq should fulfill the pending demands for setting up a mechanism that will facilitate the sale of hard currency,... 

CBI in talks with Western Union to bring services to Iraq

Posted by on Oct 29, 2013 | Leave a Comment

Baghdad (newsletter).The Central Bank summoned company (Western Union financial services, Inc.) to discuss the company’s work in Iraq. A statement from the Central Bank received (News Agency), a copy of: the Central Bank Governor Abdel Basset Turki Agency held a meeting with the company (Western Union financial services, Inc.) to discuss the company’s future work in Iraq //  Read More →

Cabinet authorizes Minister of Finance and Governor of CBI to negotiate debt settlement with Jordan and Egypt

Posted by on Oct 29, 2013 | Leave a Comment

Cabinet decided to authorize the Minister of Finance and the Governor of the Central Bank of negotiations for the settlement of the Jordanian and Egyptian debt on Iraq, while commissioned the Ministry of Higher Education and Scientific Research to expand acceptance in the medical colleges Group. A statement issued by the Council of Ministers received {Euphrates} a copy of “The Council held its forty-fourth regular... 

Iraq’s financial policy good but it is not effective in the long run, says Saleh (former Vice CBI Governor)

Posted by on Oct 23, 2013 | Leave a Comment

10/23/2013 12:00 AM He said that the budget is part of the five-year plan and not vice versa Saw Mokhtassan in the economic necessity of making fiscal policy and a clear long-term in order to achieve the goals set for the budgets of the country’s public and take measures hedging to reduce the impact of fluctuations in oil prices on the budget with a supplier sole stressing in the same time, the importance of diversifying... 

Finance Committee: CBI is required to help develop non-government banks to meet standards

Posted by on Oct 23, 2013 | Leave a Comment

Financial: the Central Bank is required to develop a plan to improve the work of local banks 21-10-2013 11:30 AM Baghdad (newsletter). The parliamentary Finance Committee, called the Iraqi Central Bank to a strategic plan for the development of the work of the local banks, according to the evolution of global banks, in order to contribute to the support and development of the national economy. The Vice-Chairman of the... 

Economic center demanding the government to unlink the Iraqi dinar to the dollar

Posted by on Oct 23, 2013 | Leave a Comment

called Media Center for Economic Saturday, the government need to work on the disengagement of the Iraqi dinar dollar, noting that current data do not indicate seriously special programs to find alternatives to the development of parallel oil. Said the head of the center Dergham Mohammed Ali in a statement issued today, and received “Alsumaria News”, a copy of which was that “despite the end of the crisis shutdown... 

Iraq Economic Center: CBI should disengage from USD in its currency reserves, Use stable alternative currencies; Blames instability, high debt of the U.S.

Posted by on Oct 23, 2013 | Leave a Comment

Center calls for economic disengagement of the Iraqi dinar to the dollar Date Posted: 2:39 pm, October 19, 2013 BAGHDAD (Independent) .. Economic Information Center called for Iraq to move from the dollar area and linking the Iraqi dinar more stable currencies. The head of the center Dergham Mohammed Ali said in a statement today, “despite the announcement the White House, the end of the crisis, shutdown the government... 

CBI increased its cash reserves to $76 Billion to support the dinar exchange rate, says Finance Committee

Posted by on Oct 23, 2013 | Leave a Comment

Member of the Finance Committee: the Central Bank use the increase in the cash reserve to support the dinar exchange rate 19-10-2013 12:56 PM Baghdad (newsletter). Student member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy is able to exploit the increase in the cash reserve of hard currency to support the Iraqi dinar exchange rate against the US dollar. He is capable of (News Agency):... 

CBI: We strive for a balanced ratio of gold with hard currency reserves

Posted by on Oct 23, 2013 | Leave a Comment

0/19/2013 – 11:25 Central Bank of Iraq, on Saturday, on his quest to find a balanced ratio of gold with hard currency reserves, considering that whenever the reserve size increases less than the contribution of other components. The governor of the central bank and agency Abdul Basit Abdul Samad said in an interview for “Alsumaria News”, “The Bank seeks to balanced ratio of gold compared to reserves of hard currency... 

CBI: Iraq’s inflation less than neighboring countries; However its reliance on oil is structurally wrong for the economy

Posted by on Oct 23, 2013 | Leave a Comment

Central Bank: inflation in Iraq is scary, which is less than neighboring countries 16/10/2013 – 11:04 Considered the Iraqi Central Bank, on Wednesday that inflation in Iraq is scary which is less than neighboring countries, stressing its ability to curb any inflation in the event of a rally. The central bank governor said Abdul Basit Abdul Samad said in an interview for “Alsumaria News”, “inflation in Iraq is... 

Former CBI Gov. Shabibi underscores the responsibilities of the CBI, urges an efficient government

Posted by on Oct 23, 2013 | Leave a Comment

We put the foundations for a stable dinar and hard currency and the urgent need for an efficient government sector and high productivity … Sinan Shabibi Mohammad Reza The objective basis for the central bank is working to achieve stability in the domestic prices and foreign currency exchange rate, not the distribution of money to the merchants by their banks as imagined by many who gave the impression that the so-called... 

CBI attributes the scarcity of quality banknotes (dinars) due to ineffecient replacement methods

Posted by on Oct 23, 2013 | Leave a Comment

Central Bank attributed the presence of the scarcity of good in paper currencies to the weakness of “mechanism” to receive damaged 11/10/2013 19:28 He attributed the Central Bank of Iraq, said Thursday there is scarcity in Banknotes good with small category in the markets to the weakness in the mechanism of receiving damaged, and pointed out that “careful” not to treat citizens or markets currencies damaged,... 

Economist calls on CBI to adopt oil and gas instead of gold and USD currency reserves

Posted by on Oct 23, 2013 | Leave a Comment

Economist calls for the adoption of the oil and gas reserve of the Central Bank economist May 11, 2013, 1:43 pm Economic expert called on behalf of Jamil Antoine, on Saturday, the central bank to adopt oil and gas Kkhozan the reserves instead of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country. Said Antoine told him the reporter, “news agency Iraqis,”... 

Parliament proposes borrowing money from CBI reserves to afford the cost of infrastructure projects

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (newsletter). Member of the Finance Committee suggested that a Deputy from the Kurdistan blocs Coalition//Jimmy, using cash reserves at the Central Bank instead of resorting to the payment term for companies in the implementation of the projects included in the infrastructure. He is capable of (News Agency): the Central Bank announce from time to time about increasing the cash reserve of hard currency, while... 

CBI Governor (interim) participates in IMF / World Bank meetings in Washington DC

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad/ NINA /–Head of the Iraqi Central Bank Governor by interim Abdul Basit Turki headed Iraqi delegation to attend the annual meetings of the International Monetary Fund in Washington. The central bank said in a press statement that ” Turki heads the delegation which arrived to the U.S. capital of Washington to attend the annual meetings of the International Monetary Fund ( IMF ) and the World Bank as governor... 

Economic sources: Mysterious, exciting relationship in the currency market between Bank of Huda & CBI

Posted by on Oct 23, 2013 | Leave a Comment

The correspondent / Iraq Press / economic sources as saying that “the Bank of Huda announced, last Thursday for open أبوب bank until 8 pm to take over the Iraqi currency and immediate delivery of foreign currency in Amman via Exchange urgent and Exchange Baghdad in the Jordanian capital, and the rate is low compared to the price exchange that day. “ The sources added that “this process suspicious confused sell... 

Bankers: Isolating the banking sector by the CBI procedure and would disrupt the work of banks in the domestic market

Posted by on Oct 23, 2013 | Leave a Comment

08-10-2013 10:07 AM Despite the appeal to some members of the Finance Committee and parliamentary bodies the country’s economic isolation of the banking sector by the Central Bank through the enactment of a special allow the establishment of a supreme body an independent banking sector in the country, so that the central bank full-time work to support and stabilize the exchange rate of the dinar against the dollar,... 

CBI responds to Gazette article on its delays implementing banking integration systems

Posted by on Oct 23, 2013 | Leave a Comment

announced the CBI that the project divided the national will play a major role in the development and recovery of the economy in Iraq, where it will provide new business opportunities on the one hand and to attract foreign investors, on the other hand. The bank said in a response about what was published by the morning in the number 2918 on 15/9 / 2013 in front Economic entitled (delay implementation of the project divided... 

CBI in talks with Western Union to bring services to Iraq

Posted by on Oct 23, 2013 | Leave a Comment

02-10-2013 10:16 AM Baghdad (newsletter).The Central Bank summoned company (Western Union financial services, Inc.) to discuss the company’s work in Iraq. A statement from the Central Bank received (News Agency), a copy of: the Central Bank Governor Abdel Basset Turki Agency held a meeting with the company (Western Union financial services, Inc.) to discuss the company’s future work in Iraq  Read More →

CBI: We started issuing money orders for the banks to reduce the civil currency smuggling

Posted by on Oct 23, 2013 | Leave a Comment

BAGHDAD / News: The Central Bank of Iraq, on Monday, he started a few days ago issued civil transfers to banks in order to reduce currency smuggling, referring to the country’s need for more sophisticated mechanisms for the fight against money laundering. The governor of the Central Bank and Abdul Basit Turki Agency in an exclusive interview with the agency “News” that “the central bank began issuing money orders... 

CBI: USD sales escalated and exceeded the 5 and a quarter billion

Posted by on Oct 23, 2013 | Leave a Comment

In statistical prepared and all of Iraq [where] the auction sale and purchase of foreign currency emerged that the Iraqi central bank sales of the dollar in the past month September sales rose for the month of August with more than $ 700 million. The statistics indicated that the central bank sold at an auction sale of foreign currency during the month of September 5 billion and 275 million and 645 thousand compared to... 

Economists calls for Iraq’s crude oil to be sold in IQD, step toward globally recognized IQD; CBI disagrees

Posted by on Oct 23, 2013 | Leave a Comment

09/25/2013 12:00 AM said researcher economic state fair: that of Iraq to sell crude oil in local currency depends on the stability of the general situation of the country as well as the stability of the dinar exchange rate and recorded as currency global. said in a statement (morning) that the moment is appropriate to take such a step because stability currency linked to the stability of the economic situation and... 

Iraq Finance Committee demands CBI print small classes of new currency; CBI to print new, small categories in near future

Posted by on Oct 23, 2013 | Leave a Comment

Financial representative demanding the Central Bank printed new currency with small groups to create a balance in the market Baghdad/file News: the parliamentary Finance Committee, demanded on Tuesday, the Central Bank printed new currency with small groups to create a balance of the quantity in the Iraqi market. Committee member, said Haitham Al-jubouri said in an interview with the news agency “that” the... 

The central bank, on Tuesday, on his way to take new measures to cover the value of the Iraqi dinar against the dollar

Posted by on Oct 23, 2013 | Leave a Comment

The central bank, on Tuesday, on his way to take new measures to cover the value of the Iraqi dinar against the dollar, and as pointed out that the stability of the dinar exchange rate has implications for Iraq’s trade with various countries of the world, he stressed that the Iraqi dinar “can not defeat.” The governor of the central bank and agency Abdul Basit Turki said in an interview to (range Albers), “The... 

CBI unveils measures to stabilize IQD

Posted by on Oct 23, 2013 | Leave a Comment

The Central Bank Unveils measures to cover the national currency against the dollar and asserts: you can’t defeat the Iraqi dinar He said the Central Bank Governor said Abdel Basset Turki told the (range Alpers), “the Central Bank intended to make Iraqi dinar rather stable against the dollar, especially in this difficult period,” the Central Bank has taken specific actions to cover the value of the Iraqi dinar.... 

CBI: Gold and Currency Reserves Reach $80 Billion

Posted by on Oct 23, 2013 | Leave a Comment

Central bank: the increase in oil prices raised our reserves of foreign currencies and gold to $ 80 billion 09/22/2013 19:24 Range Press / Baghdad Iraqi Central Bank revealed on Sunday, the arrival of foreign currency reserves and gold to about $ 80 billion, while attributed to an increase in global oil prices, the reserve expected to increase over the coming months. The central bank governor said the agency, Abdul... 

Finance Committee: CBI to pump small class dinars (250,500,1000) into markets

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (newsletter). The parliamentary Finance Committee attributed the reasons for the dearth (scarcity) of small groups in dinars, [in] the local market [due] to perishability, prompting the Central Bank to print new currency and drag the damaged ones to balance the quantity of categories in the Iraqi market. The Vice-Chairman of the Committee, said attorney Ahmed Hassan (News Agency): most of the citizens and shopkeepers... 

CBI Governor calls for an oversight committee to monitor actions of the CBI

Posted by on Oct 23, 2013 | Leave a Comment

Turkish criticizes calls for the formation of the central bank monitors Long-Presse / Baghdad criticized the central bank governor and agency Abdul Basit Turki, on Wednesday, calls for the formation of an independent body to monitor the work of the central bank, confirmed that invitations adopted views “failed to pull the bank for tracking and accountability of offenders,” while noting that the bank maintained Iraqi... 

CBI Governor meets with French Ambassador

Posted by on Oct 23, 2013 | Leave a Comment

Search governor of the Central Bank of Iraq, with the French ambassador in Baghdad and economic Alavhlmyh services adviser for the Middle East and the new head of the Department of Economics at the French Embassy, economic and technical issues and opportunities for joint cooperation to serve the Iraqi economy and the banking system. According to a statement from the Iraqi Central Bank received the “integrity” Electronic... 

CBI emphasizes the need of modern technologies in Iraqi banks

Posted by on Oct 23, 2013 | Leave a Comment

09/19/2013 stressed the Iraqi Central Bank, on Thursday, the need to use modern technologies in Iraqi banks, indicating that these technologies will be the main base for work in banks. bank governor said Abdul Basit Turki said in a statement released today, on the sidelines of a meeting with the post affaires new The Japanese Embassy in Baghdad Kanwski ناغاوكا, and received “Alsumaria News”, a copy of it on... 

Committee Member urges CBI to wait on deletion of zeros; Would disrupt budget

Posted by on Oct 23, 2013 | Leave a Comment

Counting a member of the parliamentary economic committee Hussein the process of deletion of zeros from the Iraqi currency as the state budget. said in a press statement that urgency in the issue of deletion of zeros from the currency will lead to a major embarrassment for the government. He said that we as members of the parliamentary economic committee advised the central bank to wait and lack of urgency and to... 

On this Day in 1950: CBI issues first currency

Posted by on Oct 23, 2013 | Leave a Comment

  16/09/2013 (00:01 pm) Happened on this day: the central bank and the first Iraqi currency   The elevation of Abdul Razak Mohammed   On this day in 1950 issued the first Iraqi currency, bearing the name of the Iraqi Central Bank, who took over the affairs of the Iraqi currency, issuance or replacement.   Since 1900 the currency Ottoman are prevalent and traded so I went back (Bakjh) smaller currency... 

VP Najafi on CBI: Calls for coherence and coordination between monetary and fiscal policy

Posted by on Oct 23, 2013 | Leave a Comment

Najafi calls for the central bank to the need for coherence between monetary and fiscal policy The head of the House of Representatives Osama Najafi, the Central Bank of Iraq, on Wednesday, to the need for coherence and coordination between monetary and fiscal policy. “ The invitation Najafi during his visit to the Central Bank, which praised the role of the bank and its quest to maintain the exchange rate of the dollar... 

CBI expresses its encouragement for the foreign banks

Posted by on Oct 23, 2013 | Leave a Comment

  12 Sep 2013 On this Monday, the Iraqi Central Bank (CBI) has taken some measures to revitalize the 19 foreign banks operating in Iraq. This action is supposed to rejuvenate the overall banking sector of the country. Also, it has to be noted that this will encourage the emerging foreign banks in Iraq in near future.   Bank Governor Abdel Basset Turki stated that the banking sector of the country requires more... 

CBI to achieve its oversight role on the banking companies

Posted by on Oct 23, 2013 | Leave a Comment

Having competed with private banks in the auction currency Baghdad – Mostafa Hashemi counting are interested in economic affairs activating the role of the central bank oversight to the work of companies to mediate in the sale of currency, banking and financial transfer of the things that achieve stability in the exchange rate, as well as the stability of the domestic market, and confirmed specialists and academics... 

Committee commends CBI for its effort to raise IQD value however remains below ambition, says Finance Committee memb

Posted by on Oct 23, 2013 | Leave a Comment

Finance parliamentary commends the efforts of the central bank to raise the value of the dinar 09/10/2013 01:56 Praised the Finance Committee parliamentary elections, the considerable efforts made by the central bank to raise the value of the Iraqi dinar against the U.S. dollar. said MP from the Committee Najiba Najib’s IMN), that “the central bank was able to reduce the value of the U.S. dollar against the Iraqi... 

Parliament: CBI has not achieved the desired goals in the support and development of banking sector of the country

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (newsletter). Deputy Chairman of the Finance Committee, criticized the Attorney for the Kurdistan blocs Coalition/Ahmed Faizullah, a policy the Central Bank to the banking sector as it did work to support and develop its work. He said Faizullah (News Agency): the Iraqi banking sector is underdeveloped and lacks a lot of things modern tech, which made the work of obliging local banks. He added that the policy of... 

Cabinet approves transfer the purchase amount from the IQD to the USD at the CBI

Posted by on Oct 23, 2013 | Leave a Comment

03-09-2013 – 17:41 and the Council of Ministers approved, on Tuesday, to convert the purchase amount from the local currency to the U.S. dollar official exchange rate by the Central Bank of Iraq. said the General Secretariat of the Council of Ministers in a statement received “Alsumaria News”, a copy of “The Council of Ministers held, Today, its thirty-eighth regular in Baghdad headed by Prime Minister Nuri al-Maliki.... 

Najafi visits CBI and confirms Parliament’s support and praises role in maintaining the exchange rate of the dinar

Posted by on Oct 23, 2013 | Leave a Comment

Wednesday, September 04 / September 2013 16:52 {Baghdad: Euphrates News} The President of the House of Representatives Osama Najafi on the importance of developing a strategy for fiscal policy coordination between the Ministry of Finance and the monetary policy of the central bank. He said during his visit today the Central Bank of Iraq and his meeting with the Governor of the Bank Basset Turki agency “continued support... 

CBI agrees in principle to the opening of a Standard Charter bank branch in Baghdad

Posted by on Oct 23, 2013 | Leave a Comment

  03-09-2013 05:21 PM Baghdad (news) .. Central Bank of Iraq, agreed in principle to the establishment of Standard Chartered Bank British opened a branch in Baghdad for the exercise of its banking before the final year. central bank said in a statement received by the Agency (news) copy of it: that the bank issued its approval in principle to the establishment of the Bank Standard Chartered, the British opened a... 

Statistical Report: CBI sales of the dollar last month, more than 4 and a half billion dollars

Posted by on Oct 23, 2013 | Leave a Comment

In statistical prepared and all of Iraq [where] the auction sale and purchase of foreign currency emerged that the Iraqi central bank sales of the dollar has reached during the last month of August 4 billion and $ 563 million and $ 751. According to central bank data daily, these huge sums sold a stable exchange rate is 1166 dinars per dollar, while the dollar sold on the black market at about 1220 dinars to the dollar. This... 

Secretary Hadi: Dinar is more stable; Date for Deletion of Zeros Determined by CBI and GOI

Posted by on Oct 23, 2013 | Leave a Comment

Amin Hadi: a more stable exchange rate and the date of the deletion of zeros related to the Central confirmed the parliamentary Finance Committee, on Saturday, that the exchange rate of the dinar against the dollar is more stable than the former, while the promised date of the deletion of zeros from the Iraqi currency “something relates to” the central bank and the federal government. A member of the Committee secretary... 

the importance of isolating the banking sector by the CBI to organize its work and its development

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (newsletter). Vice Chairman of the Finance Committee, a Deputy from the Kurdistan blocs Coalition/Ahmed Faizullah, the need to isolate the banking sector by the Central Bank through the establishment of a special body to the banks for the purpose of organizing its work and development. He said Faizullah (News Agency): the Central Bank of Iraq had not achieved the desired goals in regulation and control and develop... 

Economic Committee Member: Weak purchasing power of IQD affects CBI currency reserves

Posted by on Oct 23, 2013 | Leave a Comment

A member of the Committee MP economic Mahma Khalil, that weakened the purchasing power of the Iraqi dinar affect the reserves of the Central Bank of the currency. Khalil said in a press statement that the fluctuation of the exchange rate of the Iraqi dinar against other currencies will affect the Iraqi economy, in addition to the sovereign balance of the affected reserves of the Central Bank. He added: when he reduced... 

Economic Committee to summon CBI Governor over exchange rate policy

Posted by on Oct 23, 2013 | Leave a Comment

Economic parliamentary hosts the Governor of the Central Bank revealed the Economic Commission representative, on Saturday, the intention to host the central bank governor and agency Abdul Basit Turki “in order to develop correct policy in the next budget,” while believing that the bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar. He said the Commission’s decision... 

CBI seeks the application of electronic payment systems in the banking sector

Posted by on Oct 23, 2013 | Leave a Comment

 Baghdad / Qais chopsticks revealed the CBI about his quest for the application of electronic payment systems that contribute to the development of the banking sector through the clearing system instruments, electronic. central bank said in a statement received “long” version of it, that the application of these systems is designed to reduce the use of ( cash) in the country where, because the business environment... 

Economic Committee calls for CBI put a new strategy to raise the value of IQD; Committee will host proxy governor and officials to determine reasons behind delay

Posted by on Oct 23, 2013 | Leave a Comment

Economic parliamentary calls for the central bank put a new strategy to raise the value of the dinar for the advancement of economic reality and to achieve the desired goal The parliamentary economic committee confirmed that the central bank has failed to invest out of Iraq from Chapter VII to enhance the value of the Iraqi dinar against the dollarconfirming that it will host a proxy bank governor and officials to find... 

Economic Committee Member: CBI is responsible for the fluctuation of the exchange rate of the Iraqi dinar

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (news) .. A member of the Economic Commission Mahma Khalil, the failure of the central bank in the stability of the Iraqi dinar against other currencies. Khelil said (of the Agency news): that in all countries of the world and function of the central bank to maintain the value of its currency against other currencies and the stability of its exchange rate, stressing that the central bank failed in maintaining... 

Finance Committee: CBI to apply mechanism to raise value of IQD prior to June 2014; The reliance on CBI monetary policy open

Posted by on Oct 23, 2013 | Leave a Comment

Confirmed the parliamentary Finance Committee that “the first cause the dollar to rise against the Iraqi dinar lies in the political set by the Central Bank as the monetary policy pursued by the central bank with the companies and banks that deal with the bank.” A member of the Committee Faleh applicable to the newspaper “integrity electronic” that “the central bank told the Finance Committee in the House... 

Member of economic committee of Iraq praised CBI for its recent actions

Posted by on Oct 23, 2013 | Leave a Comment

19 Aug 2013 Member of the Committee praised the economy and investment/MP Abdul Al-Abbas sheyaa, for the actions that have been taken by the new management of Central Bank of Iraq regarding the improvement of Dinar exchange rate and to stop the severe issues like money laundering. He pointed out that such decisions have restored the prestige of the bank, which was lost in recent times. Sheyaa stated to a news agency,... 

Member of Economic Committee: the CBI was able to improve the value of the dinar and reducing money laundering

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (newsletter). Member of the Committee praised the economy and investment/MP Abdul Al-Abbas sheyaa, the actions taken by the new management of the Central Bank regarding the improvement of the dinar exchange rate and money laundering, saying it restored the prestige of the Bank, which lost in the recent period. Said sheyaa (News Agency): the current management of the Central Bank was able to improve the value of... 

Finance Committee calls for CBI to control banking offices and curb speculative dollar

Posted by on Oct 23, 2013 | Leave a Comment

BAGHDAD / News: called the parliamentary Finance Committee, Wednesday, the central bank to monitor the banking offices to curb speculation in the dollar, while attributed the continuing decline in the exchange rate of the dinar against the dollar to activate the activity of speculators in the currency. A member of the Committee Hassan’s Ozmn “News”, “The continuing decline in the exchange rate of the dinar against... 

Economic Committee Member call on CBI to start currency structure project; Deletion of Zeros

Posted by on Oct 23, 2013 | Leave a Comment

Mehma Khalil called Central Bank currency structure project August 8, 2013 In economic Baghdad: Iraq news network called the Parliamentary Commission on the economy and investment the Central Bank of Iraq, the need to delete the zeros of the Iraqi currency after the land was available and exit Iraq from Chapter VII, and the economy is expected advantages and the results summary of Security Council-imposed penalty. The... 

Former CBI Deputy Saleh: Deletion of zeros early next year (playing with fire); Should be at appropriate time

Posted by on Oct 23, 2013 | Leave a Comment

Saleh: the deletion of zeros early next year (playing with fire) The Deputy former central bank governor, on Tuesday, to begin the process of deletion of zeros early next year (playing with fire), indicating that the deletion of zeros should be left to the appropriate time. And the appearance of Mohammed Saleh said that the deletion of three zeros from the currency means deleting three mattresses accounting records of... 

Economist rules out need for separate body to oversee Iraqi banks. Says, CBI and Federation of Iraqi Banks already established

Posted by on Oct 23, 2013 | Leave a Comment

  Baghdad (newsletter). Competent in Economic Affairs ruled out Dergham Mohamed Ali, an independent body of banks, adding that the Central Bank is the sponsor of the banks that are open to the general lines of the banks. He Mehmet Ali (News Agency): the Central Bank is monitoring the performance of banks and depositors ‘ funds through continuous monitoring of progress, as well as policy makers, interest and nature... 

CBI: IMF report supports our goals in the liberalization of the foreign exchange market

Posted by on Oct 23, 2013 | Leave a Comment

informed banking sources said that the report on the acts of the Executive Board of the International Monetary Fund last May endorsed the central bank’s target Iraqi central goal of liberalization of the foreign exchange market. The sources said in a statement “obelisk” that “what has been recently taken steps to simplify the rules of the market regulatory Born satisfaction of the Executive Council of the progress... 

Based on upcoming budgets, IQD exchange rate approx $1.16; Committee members calls for CBI study

Posted by on Oct 23, 2013 | Leave a Comment

BAGHDAD / JD / .. announced the Finance Committee in the House of Representatives that the 2016 budget will be more than 188 trillion dinars. Committee member said Magda al-Tamimi told the reporter / JD / within the Committee prepared for the budgets of Iraq strategy for the years 2014, 2015 and 2016 to be identified last year’s budget up to 188 trillion and 188 billion dinars. It showed that the total expenditure... 

Posted by on Oct 23, 2013 | Leave a Comment

  said Director General of Commercial Bank of Iraq (TBI) Hamdiya dry that the financial sector in Iraq has the potential of thing a lot, but it need clear policy orientation towards the destination sound from which to be able to contribute effectively to support the Iraqi economy. said “morning” that Iraq possesses a strong economy it takes to be a Tiger next to Asia, pointing out that the political situation... 

Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

Posted by on Oct 23, 2013 | Leave a Comment

  Baghdad (newsletter).The Central Bank Governor Sinan Al-Shabibi said only the Bank that owns the possibility of dealing with inflation because of its cash flow.   Al-Shabibi said in a statement with (News Agency) reported Wednesday that the Bank is working on raising cash depending on the reality of the market inflation, pointing to the Central Bank is watching inflation very precisely through your specialist,... 

IMF: CBI should relax foreign exchange system regulations at earliest opportunity; CBI in strong position to support IQD

Posted by on Oct 23, 2013 | Leave a Comment

  Head of Mission of the International Monetary Fund stressed the IMF on the need to adopt the process of economic reform and broad, as Usher strengths and imbalances in the joints Economic came in a report the Fund’s Article IV of 2013 on Iraq which is the assessment annual appreciation on the part of the International Monetary Fund (IMF) to the economies of the Member States in the Fund, and issue a report accompanied... 

IQD to witness biggest improvement over the next few days, says CBI and committee members

Posted by on Oct 23, 2013 | Leave a Comment

  Banking sources: expectations down the dinar against the dollar in the coming days Parliamentary sources confirmed the economic, Tuesday, that the price of the Iraqi dinar will rise against the dollar’s decline in the coming days in the light of the steps taken by the Central Bank of Iraq. A source in the Iraqi Central Bank for “obelisk”, “The parliamentary officials and economists praised the decline... 

IMF: Anticipate 9pct growth rate in the Iraqi economy this year; CBI independency recommended

Posted by on Oct 23, 2013 | Leave a Comment

  In an annual report issued after meetings with specialists International Monetary Fund forecast that achieves Iraq during the current year economic growth of 9 percent after a rise in the volume of oil exports. came these expectations in a report issued by the fund recently included positive signals in more than a paragraph of what witnessing the Iraqi economy development. The report was issued after the consultative... 

CBI plans to withdraw damaged currency, replace with higher quality notes

Posted by on Oct 23, 2013 | Leave a Comment

  Grumbled a large number of citizens across the country from the growing phenomenon of damage and rupture of small groups of paper currency, with thecentral bank announced a plan for the withdrawal of banknotes damaged and replaced with new ones.   Observers said: “The problem of damage and rupture of the categories of banknotes 250, 500, 1,000 dinars worsened significantly within the past few months and... 

Mayahi calls CBI to support private banks to upgrade economic development

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (AIN) -MP Aziz Sharif al-Mayahi, member of the parliamentary Economy & Investment Committee called the Central Bank of Iraq to support the private banks to boost the investment sector. Mayahi said “The economic development witness continuing progress and the private banks are considered among the most important pillars for encouraging the investment and the development projects, so these banks should be... 

House Speaker discussed with CBI Gov. control mechanisms on the exchange rate and the development of the Bank’s work

Posted by on Oct 23, 2013 | Leave a Comment

Search House Speaker Osama Najafi with the Governor of the Central Bank of Iraq and Abdul Basit Turki agency, control mechanisms on the exchange rate, and procedures against the violation banks. The central bank has promised to take measures to lift and install the dinar as it was in the past, but the rate of the dinar is still volatile in the Iraqi market to fall and rise. According to a press release of the Office... 

Fmr. CBI Dep Governor: Iraq seeking global credit ranking

Posted by on Oct 23, 2013 | Leave a Comment

  Warned of the risk of non-existence globally   is a credit rating of any country in the world better than the non-existence because it gives the degree of adoption by countries of the world to assess the country’s economy for the purpose of investment and the exercise of economic activities and other businesses.   saw expert financial and banking d. Appearance of Mohammed Saleh it is possible rating... 

Economist criticizes CBI and its lack of confidence in it currency; Suggests monetary policy go to a modern market mechanism

Posted by on Oct 23, 2013 | Leave a Comment

  warned, an economist specializing in monetary policy and the development of the continued fluctuation of the Iraqi dinar against foreign currency Ntihh mistrust policies of the Central Bank of Iraq and the worsening political crisis in the country, as called for retrieval of trust between the banking sector and public sector.   said Suri said in a statement singled out by the reporter, “Khandan”, said:... 

Parliamentary committee demands CBI to preserve IQD price

Posted by on Oct 23, 2013 | Leave a Comment

Tuesday, 16 July 2013 08:15 | | | Baghdad (AIN) –The Economy and Investment Parliamentary Committee demanded the Central Bank of Iraq to maintain the price of the Iraqi dinar in exchange of foreign currencies. The Secretary of the Committee, Mahma Khalil, told AIN ”The CBI is obliged to preserve the price of the IQD in return of foreign currencies since the currency of the State represents its economic identity at... 

Economists: CBI maintains large quantities of gold that will support Iraqi economy

Posted by on Oct 23, 2013 | Leave a Comment

  Baghdad (newsletter). Economist Hazem Al-Nuaimi attributed the reasons for the Central Bank to retain large amounts of gold to avoid the Iraqi economy from the seriousness of the economic crisis that hit some countries in the world, as a safe haven for the national currency. Nuaimi said (News Agency): that Iraq relies primarily on oil and gas on its economy and its important to cover, because the production disruption,... 

Committee member asks CBI to avoid urgency of dropping zeros; Clarify how it will affect budget

Posted by on Oct 23, 2013 | Leave a Comment

  Economic parliamentary: the process of deleting zeros of ستربك currency state budget counting a member of the parliamentary economic committee Hussein the process of deletion of zeros from the Iraqi currency as the state budget. said in a press statement that “the urgency on the subject of deletion of zeros from the currency will lead to a major embarrassment for the government.” He continued, “We as... 

Econ Commission Deputy: IQD has promising future, CBI is obliged to set a new rate

Posted by on Oct 23, 2013 | Leave a Comment

Citizen suffers from persistent volatility .. Economists: the central bank set a new price of the dinar against the dollar to maintain its strength Ali Salman – 07/11/2013 – 9:07 pm Observers expect in economic affairs that the Iraqi dinar has a promising future, especially after the exit from Chapter VII, so it requires the central bank to take bold steps to work on identifying a fixed price of the dinar against... 

Finance Committee Chairman demands CBI produce security feature guarantees on new currency prior to dropping zeros; Switch needs to take place at new financial year

Posted by on Oct 23, 2013 | Leave a Comment

  Demanded the parliamentary Finance Committee’s central bank on Thursday, provide guarantees prior to the deletion of zeros from the Iraqi currency, in order to avoid forgery. The Chairman of the Finance Committee, Haider al-Abadi, told the “Awan”, “The switch more than 34 trillion Iraqi dinars, not an easy process,” noting that “the Finance Committee and the government demanded the Central Bank to provide... 

Iraq: Economic Committee requests CBI to reconsider timing on dropping zeros from currency, suggests now is time

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad/JD/…The Economic Committee in the House of representatives, the Committee called for the Central Bank to implement a project delete zeros of the Iraqi currency. He said the decision of the Economic Commission Deputy Khalil Qasim mehma agency/JD/today: that the Central Committee had requested reconsideration of the project and for purely economic reasons is to maintain and improve the Iraqi currency to other... 

Finance Committee has responsibility to monitor the actions of the CBI’s policy on exchange rate

Posted by on Oct 23, 2013 | Leave a Comment

    Member of the Finance Committee said Rep. najeeba Najib ‘s/JD/Tuesday: that the work of the Committee is to follow the dollar equivalent exchange rate of the Iraqi dinar, adding: we will follow the actions taken by the Central Bank, watching the exchange rate of the dollar against the Iraqi dinar. Najib said the importance of identifying how the Central Bank version controls. The integrity Commission... 

Economic Committee Member calls for CBI to set a new IQD exchange rate; A real market price

Posted by on Oct 23, 2013 | Leave a Comment

Parliamentary Economic Committee member MP/Kurdish Alliance/mehma Khalil, the Central Bank set a new rate of the Iraqi dinar against the dollar, the currency and the rate of the dinar. In a statement, “said Khalil (News Agency): the preservation of political currency and Iraqi dinars from the functions of the Central Bank, and the signals observed internationally, economically, that there is a future for dinars, adding:there... 

Governor of the Central Bank: Iraq market must be open after the departure of Chapter VII

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (newsletter). Iraqi Central Bank Governor Abdel Basset Turki, Iraq’s future economic surprise friends, showing that after coming out of Chapter VII Iraq market must be open to anyone who wants to contribute in accordance with the existing investment laws. Turkish said during a speech in celebration of the 10th anniversary of the commercial bank of Iraq that our performance should be good for a bank machine to... 

CBI Governor: Iraq’s economic future will surprise his friends; Since CH VII, Iraq is open to all competitors wanting to invest in Iraq

Posted by on Oct 23, 2013 | Leave a Comment

2 articles below Turki: You must open the Iraqi market after the departure of Chapter VII Confirmed Iraqi Central Bank Governor Abdul Basit Turki, Sunday, Iraq’s economic future will surprise friends, noting that after coming out of Chapter VII must be the Iraqi market is open to anyone who wants to contribute in accordance with the laws applicable investment. This came during a speech in the Turkish celebration of... 

Committee demands CBI to “speed up” deletion of zeros; Project will increase value of the Iraqi dinar, reduce unemployment and poverty

Posted by on Oct 23, 2013 | Leave a Comment

Asked the Economic Committee in the House of Representatives, on Saturday, the central bank to “speed up” the process of deletion of zeros from the Iraqi currency in order to maintain them, and confirmed that it is not in the interest of Iraq, the survival of its currency with so much and irregularly, as pointed out thatthe deletion process will increase the value of the Iraqi dinar and reduce unemployment and poverty. The... 

The parliamentary economic demands the Central Bank need to delete zeros

Posted by on Oct 23, 2013 | Leave a Comment

  Baghdad (newsletter). The Commission has called parliamentary economy and investment of the Central Bank of Iraq, the need to delete zeros from the currency, after the ground had exit Iraq from Chapter VII.   Mehma Khalil said in a joint conference with members of the Committee on economy and investment Deputy Abd al-Husayn abtan and Abdul Salam Al-Maliki: Central Bank start a currency structure as a purely... 

Iraq Economic Commission demands CBI to Delete Zeros; Points to Chapter VII as Rationale

Posted by on Oct 23, 2013 | Leave a Comment

  Economic parliamentary calls for the central bank need to delete the zeros Demanded economic and investment commission parliamentary CBI, the need to delete the zeros from the currency after the withdrawal of Iraq from Chapter VII. And MP Khalil Mahma said in a joint conference with members of the economic and investment commission he was “on the central bank to start a restructuring currency being a purely economic... 

CBI: CH VII will give Iraq freedom to attract investment. US Development Agency: Iraq qualified to be economically strong state

Posted by on Oct 23, 2013 | Leave a Comment

The Central Bank of Iraq, on Wednesday, that Iraq is “in control of the funds and treasury of gold” in international banks, one of the acting out, denying “the existence of frozen funds outside the control of the Iraqi administration,” While revealed that the reserve bank amounted to 76 billion dollars in last May, counting out of Chapter VII that “will allow Iraq to act more freedom to attract foreign investment.” The... 

Governor of the CBI: Gold reserves outweigh $76 billion in foreign currency reserves

Posted by on Oct 23, 2013 | Leave a Comment

Detect Iraqi Central Bank Governor / Agency Abdul Basit Turki, Wednesday, that the stock of Iraq’s largest gold from the tally of foreign currency, confirming the assignment set of files of corruption at the central bank to the judiciary, adding that the exit from Chapter VII will allow us greater flexibility discretion, noting that the project raise zeros from the currency has been postponed for the time being. Said... 

Finance Committee: Calls on CBI to take 3 steps to maintain exchange rate; Steps will make exchange rate less volatile to buying/selling in auction

Posted by on Oct 23, 2013 | Leave a Comment

  FINANCE FOR PARLIAMENTARY “AWAN”: THE 3 STEPS TO MAINTAIN THE EXCHANGE RATE OF THE IRAQI DINAR .. IN THE FOREFRONT OF BLOCKING MEDIATORS Called on the Finance Committee in the House of Representatives of the Central Bank to take 3 important steps to maintain Iraqi Srvaldanar rate against the U.S. dollar, stressing the need to block the work of intermediaries between buyers and selling auction. A member of the... 

Shabibi demanding the release of officers and employees of the CBI arrested 6 months ago

Posted by on Oct 23, 2013 | Leave a Comment

Student Governor of the Central Bank of the former Iraqi Shabibi release bank staff and employees detained for more than 6 months at least. Shabibi said in a statement, received the Agency for News News (et) a copy of the detainees are both adviser and member of the Board of Directors of the Bank Hassan Hashem al-Haidari and Associate Director of money laundering Fawzia Kazim Ali and general manager of banking and credit... 

CBI will receive approx $82B in Iraq assets as a result of lifted sanctions; Remain protected by US Exec Order

Posted by on Oct 23, 2013 | Leave a Comment

After coming out of Chapter VII. 82 billion dollars from Central Bank 2013-06-29 Baghdad/JD/… Estimated funds which will be at the disposal of the Central Bank of Iraq after exit from Chapter 7 about $ 82 billion, amid warnings of Iraq’s creditors who are thirsty for such funds. Member of Parliament MP Habib Terminal/JD/Agency: the size of the Iraqi funds to the Central Bank after the departure of Iraq from Chapter... 

Citigroup gets approval from CBI; Will opens first Citibank branch Monday

Posted by on Oct 23, 2013 | Leave a Comment

The opening of the first branch of an American bank in Iraq Editor: OK 24/6/2013 11:24 Citigroup, Bank announced Citigroup Alamerreqi the banking services, on Monday, to open an office in Baghdad to become the first U.S. bank to expand its services to include Iraq, betting in this his move on the long-term economic opportunities in the oil-rich country. The bank said Citigroup Citigroup said in a statement quoted by the... 

Critics say its time for CBI to manage protected funds after CH VII

Posted by on Oct 23, 2013 | Leave a Comment

student Economists Iraqi Central Bank to prepare from now to take over the file to protect Iraqi funds in banks in the United States and take appropriate measures to close this file and restore the sovereignty of the money the country. U.S. President Barack Obama announced mid last month to extend the legal protection of the Development Fund for Iraq and some Iraqi assets other in the United States. and box-shaped Hamaihalamwal... 

Finance Committee Member: A plan to bring dinar exchange rate to 1118, closer to official CBI rate

Posted by on Oct 23, 2013 | Leave a Comment

revealed the parliamentary Finance Committee, Wednesday, for the plan to the central bank began its application include fixing the exchange rate of the dollar in the domestic market by 1118 dinars per dollar, a figure close to the official rate approved by the Central Bank. Said committee member Najiba Najib’s (Center Brief for the Iraqi Media Network) that “there is a plan central bank began to apply under the direct... 

Economist Opinion: Private banks selling the dollar at a lower rate than the CBI would support the stability of the dinar exchange rate

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (newsletter). Commended the Committee for economy and investment representative step some private banks to sell foreign currency at a lower price than the advertised price by the Central Bank, which will contribute to the stability of the exchange rate of the Iraqi dinar against the US dollar. The Rapporteur of the Committee, said MP/Kurdish/Actel Coalition mehma Khalil (News Agency): civil and State banks have... 

CBI praises the decision of the three civil banks selling dollars at a lower price then the advertiser

Posted by on Oct 23, 2013 | Leave a Comment

Central Bank of Iraq, on Monday, received a formal letter from the Association of Banks confirms its commitment to the initiative of three banks as a first stage to sell the dollar at a rate lower than the price the advertiser, as pointed out that this initiative represents a “natural behavior”, which show him Iraqi banks, confirmed it complies with its monetary policy to support the Iraqi economy. He said the Iraqi... 

CBI announces a number of community banks ready to sell the dollar at a lower price than the advertised price

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad/Obelisk: Central Bank of Iraq, said Thursday, the willingness of a number of private banks selling dollars to the public at a lower price than advertised price up to 1183 dinars to the dollar instead of for sale cash dinar 1189, at a price of 1178 dinars to the dollar instead of 1184 for documentary credits. The Bank said in a statement “the Obelisk” received “continue with the policy of the Central Bank... 

Approve the conversion of the amounts of compensation from the State for living abroad

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad/JD/… The Central Bank announced approval of the conversion of the amounts of compensation from the State for living abroad, and judicial decisions. The Bank said in a statement received/JD/copy: based on the decision of the Governing Council, it was decided that the transfer of funds in foreign currency for citizens living abroad on a permanent rather than temporary. The Bank will transfer funds under the support... 

CBI decides to transform government amounts of compensation to the outside of Iraqis who have permanent residency only

Posted by on Oct 23, 2013 | Leave a Comment

Central Bank of Iraq, on Friday, he decided to transform the compensation government for Iraqis living outside Iraq and issued in their favor decisions judicial deterministic, while stressing that the conversion will exclusively Iraqis who have residences permanent and not temporary, pointed out that the conversion will be the currency Alognih According to the pricing in banks approved by him.   The Director-General... 

CBI Governor: Bank reserves exceed 80 billion dollars by the end of July 2013

Posted by on Oct 23, 2013 | Leave a Comment

The Central Bank Governor agency Abdul Basit Turki, the bank reserves will exceed $ 80 billion at the end of next July, indicating that there is a review of the development of mechanisms to use for this reserve bank, regardless of the existence of the current government or not for specific purposes. Turki said the program “brackets” which aired on “Alsumaria”, “The Central Bank reserves now of money and gold... 

CBI closes a number of Iraqi currency banking offices in Baghdad

Posted by on Oct 23, 2013 | Leave a Comment

Range Press / Baghdad Iraqi Central Bank announced on Tuesday, the cancellation of leave an international company for the sale and purchase of foreign currencies, and attributed the reason to the existence of “a criminal under the” right of one of its owners, asked for the Ministry of Commerce to “take the necessary action against the company. The Director-General Agency of the Central Bank Abdul Abbas Khalaf in... 

Economic Committee Member: Low exchange rate of the dinar against the dollar due to the failed policy of the CBI

Posted by on Oct 23, 2013 | Leave a Comment

Sunday, June 2, 2013 06:23 The parliamentary economic committee attributed the continued decline in the exchange rate of the Iraqi dinar against the dollar to the central bank’s policy “failed”. The central bank has promised to take measures to raise and stabilize the price of the Iraqi dinar as it was in the past, but the impairment and the exchange rate of the dinar continues. He said the Commission’s decision... 

CBI denies deposit funds in Arab banks and threatening to sue a House of Representatives

Posted by on Oct 23, 2013 | Leave a Comment

He denied the Iraqi Central Bank, on Sunday, to be deposited money in the banks of eligibility Arab, and considered that the promotion of such news comes in the framework of “insulting” to the bank’s reputation and “face” policy in the fight against corruption, stressing that it reserves the right to “prosecute” a members Iraqi Council of Representatives publicly stated so. The central bank said in a statement... 

CBI announces prosecuted a member of the House of Representatives for “misreading and mislead”

Posted by on Oct 23, 2013 | Leave a Comment

Announced the Central Bank of Iraq, Sunday, prosecuted a member of the Iraqi Council of Representatives on the back of “misreading” of the bank’s reputation, “mislead” public opinion on the banking business. The bank said in a statement obtained by “Twilight News”, a copy of that “one of the members of the House of Representatives said during a television interview that the central bank has deposited in... 

Iraqi House of Representative faces possible legal charges over misleading statements about CBI

Posted by on Oct 23, 2013 | Leave a Comment

  CBI is suing one of the members of the House of Representatives Sunday, 02 June / June 2013 11:14 The Iraqi Central Bank, on Sunday, he would sue one of the members of the House of Representatives for insulting the bank, reiterated his claim politicians or wishing wading in such subjects standing on the health issues that they have, especially since some are real and illogical. The bank said in a statement received... 

CBI to implement plan in June to raise the exchange rate of the dinar against the dollar

Posted by on Oct 23, 2013 | Leave a Comment

Published on Saturday, 25 May 2013 20:25 in the parliamentary Finance Committee that the central bank told us that it will implement a new plan to raise the value of the Iraqi dinar against the U.S. dollar. A member of the Committee Faleh Djiashi’s (IMN) said that «the central bank told the Finance Committee representative that an action plan will begin to apply early next June, will be capable of lifting Iraqi dinar... 

CBI: decision to bring the heads of boards of directors in the banking sector without complaint will lead to an economic jolt

Posted by on Oct 23, 2013 | Leave a Comment

Central Bank Governor expressed Agency Abdul Basit Turki not pleased with the actions taken on bringing in a number of heads of boards of directors and managers of Commissioners in the banking sector without be there Tharika any complaint against them by the bank. Noting that “this decision could lead to jolt the economy and transmit inappropriate to attract foreign investment and encourage.” Said Turki in a letter... 

CBI: approach international companies to manage a project divided the national tender will be announced by the end of the year

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad (newsletter). The CBI said about his approach to some corporate PBX project which connects all domestic banks consolidated communications network. The Director General of the Department of information technology at the Central Bank to Amer Faisal Shahir (News Agency): draft national PBX is important projects at the Central Bank, which is now under way, noting that the Central announce a tender for companies to... 

CBI calls for the use of licensed copies of the software; Microsoft have indicated their willingness to develop the banking business in Iraq

Posted by on Oct 23, 2013 | Leave a Comment

He stressed the Iraqi Central Bank, on Sunday, the need to use banks “of copies licensed” for programs and electronic applications, and between it represents “the protection of the user of penetration,” and as he emphasized that “force” banks to use the original copies of the software, Microsoft announced its desire “to develop” The banking system in Iraq “to work manual labor-mail.” The director of... 

Finance Committee Member: Need new controls for the CBI to sell the dollar and buy speculators behind the rise in the dollar exchange rate

Posted by on Oct 21, 2013 | Leave a Comment

  A member of the Finance Committee stressed parliamentary Abdul Hussein al-Yasiri the need for the central bank to keep the exchange rate of the dinar against the dollar and puts controls and treatments for benign noting that currency speculators buying of the dollar by ordinary people was behind the rise in the dollar exchange rate. Yasiri said in a statement to Agence {Euphrates News} on Saturday that “the reasons... 

CBI studying the possibility of adopting a global licenses for the development of the banking sector

Posted by on Oct 21, 2013 | Leave a Comment

  Iraq Business Directory – 05/26/2013 – 6:22 pm Iraqi Central Bank stressed the need to adopt advanced banking systems Genuine license from international companies internationally accredited contribute to activating the domestic banking activity came during the economic conference organized by Microsoft in collaboration with the Central Bank. Amer Faisal Shaher director of information technology at the central... 

Finance Committee Member: CBI has new plan to raise the exchange rate of the Iraqi dinar to start in early June

Posted by on Oct 21, 2013 | Leave a Comment

  Baghdad / Orr News A member of the parliamentary Finance Committee that the central bank told us that he will implement a new plan to raise the value of the Iraqi dinar exchange either the U.S. dollar. A member of the Committee Faleh Djiashi, that “the central bank told the parliamentary Finance Committee that an action plan will begin to apply early next June, would be enough to raise the exchange rate of the... 

Microsoft is trying to contract with CBI to introduce local banking technology

Posted by on Oct 21, 2013 | Leave a Comment

  The Central Bank announced that Microsoft’s willingness to engage in introducing banking technology systems in local banks. The Director General of the Department of information technology at the Central Bank in the banking technology forum organized by Microsoft and palm leaves company sponsored and attended by Central Bank (News Agency): the Microsoft Corporation Inc. jarid unwilling in contracting with the... 

CBI Gov Turkey: Central Bank is the sole body responsible for monetary policy in Iraq

Posted by on Oct 21, 2013 | Leave a Comment

  Baghdad / Baghdadi news / .. declared the Iraqi Central Bank, on Thursday, continuing to support the banking activity in accordance with the stated policy and what qualifies these banks and serious contribution in building the economy of Iraq. He said Iraqi Central Bank Governor agency Abdul Basit Turki said in a statement transfer press office and received / Baghdadi News / copy of it, and during a meeting with... 

CBI confirms it continues to support the banking activity in accordance with the declared policyPosted: May 23, 2013 in Iraqi Dinar/Politics

Posted by on Oct 21, 2013 | Leave a Comment

said the Iraqi Central Bank, on Thursday, continuing to support the banking activity in accordance with the policy stated, as called for all relevant parties to avoid irresponsible remarks that do not conform with the facts which it operates. ,                Read More →

CBI: Iraq’s inflation less than neighboring countries; However its reliance on oil is structurally wrong for the economy

Posted by on Oct 19, 2013 | Leave a Comment

Central Bank: inflation in Iraq is scary, which is less than neighboring countries 16/10/2013 – 11:04 Considered the Iraqi Central Bank, on Wednesday that inflation in Iraq is scary which is less than neighboring countries, stressing its ability to curb any inflation in the event of a rally. The central bank governor said Abdul Basit Abdul Samad said in an interview for “Alsumaria News”, “inflation in Iraq is... 
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