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  1. https://cbi.iq/news/view/108.......The opening of modern mechanization of electronic counting and sorting currency.. Under the auspices of the Governor of the Central Bank of Iraq, Mr. Ali Keywords and in line with the strategic plan of the bank, with the help of God set up counting devices at the Central Bank of Iraq, Basra branch, which is the first in the Basra branch in the presence of General Manager Branch Dr. Qasim Rhiv Mrabt and assistant managers and departments where she was a qualitative leap for the branch of this machines that branch not seen before. Opening of modern electronic automation Government Websites Presidency of the Republic of Iraq Iraqi Council of Representatives General Secretariat of the Council of Ministers Other sites financial institutions State-owned banks Private banks Branches of foreign banks Financial institutions, non-banking Financial Statements Financial Statements 2015 Financial Statements 2014 Financial Statements 2013 Previous financial statements Internal links Strategic Plan (2016-2020) Image Gallery and Video, library Site Map archives
  2. ..................I just like the idea of seeing a flotillia of us sailing off into the rv . Thats all .........
  3. My apologies. Difficult as hell trying to post this article
  4. Home About Us Contact Us Archive RSS linkedin Twitter Facebook ICCIMA held a meeting in Tehran on Saturday to weigh on the long-overdue plan to unify foreign exchange rates. (Photo: Bahareh Taghiabadi) Economy Business And Markets Thursday, June 22, 2017 CBI Moving to Rate Unification Conditions The Money and Capital Markets Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Saturday to weigh in on the requirements of the long-overdue plan to unify foreign exchange rates and the country's progress in achieving this goal. The Central Bank of Iran's deputy governor for foreign exchange affairs was the special attendee who said the Iranian government considers foreign exchange rate unification necessary and intends to implement it as early as 2013. "Rate unification is only useful when it is stable and consistent, but if it is done half-heartedly, we won't be able to put it right for years," Gholamali Kamyab was also quoted as saying by ICCIMA's official news website. Kamyab noted that the volume of forex arrears is a crucial prerequisite for adopting a single exchange rate regime, which is at a low level at present since Iran was unable to absorb any significant foreign loans in recent years. "Our external debts are lower than international standards and the amount of short-term accounts is not at a high point either," he added. Kamyab referred to CBI's measures taken so far to help achieve rate unification such as shortening the list of imports eligible to receive foreign currency at official rates as well as making changes in foreign exchange regulations, which will be announced after the rate unification is implemented. If You Fail The CBI official pointed to the first attempt at rate unification in 1993 when the country's foreign debts exceeded $30-40 billion and national reserves were at an all-time low. The economy back then totally depended on oil income, which led to the scheme's failure and problems for businesses. "However, rate unification was implemented precisely and completely in the second attempt in 2002 but unfortunately proved short-lived due to political events and unsound economic policies," he said. Kamyab considered the growth in non-oil exports positive saying it would help the process of scrapping dual exchange rates. "Our economy should be export-oriented with exports taking center stage in all economic policies". Kourosh Parvizian, the head of the commission and president of the Association of Private Banks and Credit institutions, also attended the meeting and elaborated on the positive aspects of forex rate unification as it would benefit both ordinary citizens and the production sector. Iran had adopted single exchange rates twice in the past. The first experience dates back to 1993 when it did not last more than a few months due to economic turmoil and the exchange rate regime went back to multiple rates. The second time though, following the experience gained from previous setbacks and reforms in forex and trade policies to deregulate foreign trade, foreign exchange rate unification was successfully implemented and a "managed floating system" was announced in 2002. Unfortunately, it only lasted until 2010 when the next administration failed to observe financial and budgetary discipline. Iran currently uses two exchange rates, the free market rate, which stood at 37,410 rials to the US dollar on Wednesday, and another official exchange rate for state transactions. CBI fixed the official rate at 32,500 rials on Wednesday. In order to bring the rates together, the government began to gradually increase the official exchange rate for it to come closer to the unofficial market rate. CBI has succeeded in narrowing the gap between the official foreign exchange and free market rates as their difference stood at 18% in February but it currently hovers around 13%. "We are not saying the nuclear deal has resolved every issue but foreign banks' unwillingness to open credit lines for us has nothing to do with that," Kamyab said, noting that banking relations are improving, though hurdles pertaining to the banks' internal problems remain. "We have to admit that international standards have changed and we have fallen behind." While many officials, including Central Bank of Iran Governor Valiollah Seif had initially promised that forex rate unification would be realized by the end of the previous fiscal in March, that has not materialized due to what the officials call "unfulfilled conditions". Since the removal of international banking restrictions in January 2016, Tehran has secured links with only a limited number of smaller banks as US sanctions remain in force and large foreign institutions still fear potential fines. Banks remain nervous after US penalties, including a $9 billion (£7.32 billion) fine on France's BNP Paribas, were imposed in 2014, partly for violating nuclear-related financial sanctions against Iran. Share This : Short URL : https://goo.gl/ReKr4P National Home About Us Contact Us Archive RSS linkedin Twitter Facebook ICCIMA held a meeting in Tehran on Saturday to weigh on the long-overdue plan to unify foreign exchange rates. (Photo: Bahareh Taghiabadi) Economy Business And Markets Thursday, June 22, 2017 CBI Moving to Rate Unification Conditions The Money and Capital Markets Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Saturday to weigh in on the requirements of the long-overdue plan to unify foreign exchange rates and the country's progress in achieving this goal. The Central Bank of Iran's deputy governor for foreign exchange affairs was the special attendee who said the Iranian government considers foreign exchange rate unification necessary and intends to implement it as early as 2013. "Rate unification is only useful when it is stable and consistent, but if it is done half-heartedly, we won't be able to put it right for years," Gholamali Kamyab was also quoted as saying by ICCIMA's official news website. Kamyab noted that the volume of forex arrears is a crucial prerequisite for adopting a single exchange rate regime, which is at a low level at present since Iran was unable to absorb any significant foreign loans in recent years. "Our external debts are lower than international standards and the amount of short-term accounts is not at a high point either," he added. Kamyab referred to CBI's measures taken so far to help achieve rate unification such as shortening the list of imports eligible to receive foreign currency at official rates as well as making changes in foreign exchange regulations, which will be announced after the rate unification is implemented. If You Fail The CBI official pointed to the first attempt at rate unification in 1993 when the country's foreign debts exceeded $30-40 billion and national reserves were at an all-time low. The economy back then totally depended on oil income, which led to the scheme's failure and problems for businesses. "However, rate unification was implemented precisely and completely in the second attempt in 2002 but unfortunately proved short-lived due to political events and unsound economic policies," he said. Kamyab considered the growth in non-oil exports positive saying it would help the process of scrapping dual exchange rates. "Our economy should be export-oriented with exports taking center stage in all economic policies". Kourosh Parvizian, the head of the commission and president of the Association of Private Banks and Credit institutions, also attended the meeting and elaborated on the positive aspects of forex rate unification as it would benefit both ordinary citizens and the production sector. Iran had adopted single exchange rates twice in the past. The first experience dates back to 1993 when it did not last more than a few months due to economic turmoil and the exchange rate regime went back to multiple rates. The second time though, following the experience gained from previous setbacks and reforms in forex and trade policies to deregulate foreign trade, foreign exchange rate unification was successfully implemented and a "managed floating system" was announced in 2002. Unfortunately, it only lasted until 2010 when the next administration failed to observe financial and budgetary discipline. Iran currently uses two exchange rates, the free market rate, which stood at 37,410 rials to the US dollar on Wednesday, and another official exchange rate for state transactions. CBI fixed the official rate at 32,500 rials on Wednesday. In order to bring the rates together, the government began to gradually increase the official exchange rate for it to come closer to the unofficial market rate. CBI has succeeded in narrowing the gap between the official foreign exchange and free market rates as their difference stood at 18% in February but it currently hovers around 13%. "We are not saying the nuclear deal has resolved every issue but foreign banks' unwillingness to open credit lines for us has nothing to do with that," Kamyab said, noting that banking relations are improving, though hurdles pertaining to the banks' internal problems remain. "We have to admit that international standards have changed and we have fallen behind." While many officials, including Central Bank of Iran Governor Valiollah Seif had initially promised that forex rate unification would be realized by the end of the previous fiscal in March, that has not materialized due to what the officials call "unfulfilled conditions". Since the removal of international banking restrictions in January 2016, Tehran has secured links with only a limited number of smaller banks as US sanctions remain in force and large foreign institutions still fear potential fines. Banks remain nervous after US penalties, including a $9 billion (£7.32 billion) fine on France's BNP Paribas, were imposed in 2014, partly for violating nuclear-related financial sanctions against Iran. Share This : Short URL : https://goo.gl/ReKr4P You can also read ... Direct Tehran-Barcelona Flight Starts Today Iran Steel Output Up 13% Cadillac Limousine Seen in Tehran Iran Capital Market Awaits Reforms by New Government Conditional Imports of Used Machinery Allowed Volvo to Create EV Spinoff Brand New Khuzestan Railroad Under Construction Sina Bank Links Up With 2 European Peers More like this 01/10/2016CBI Predicts Lower Import Bills1 02/13/2017Banking System Employs AML, CFT Measures2 05/25/2016Single Forex Rate Comes With a Caveat3 10/21/2015Poised for Stability4 08/26/2016CBI Opens 542 Accounts With Foreign Banks5 06/10/2016Single Currency Rate Deserves Priority6 07/31/2016Banks in the Spotlight as Forex Rules Change7 05/13/2017Multiple Forex Rates Choke Foreign Investment8 05/15/2017Iranian Gov't Approves Forex Hedging Proposal9 08/13/2016Rate Unification Comes With a Caveat10 Add new comment Read our comment policy before posting your viewpoints Email * Subject * Your name website url Comment * What code is in the image? * Trending Fintech In Iran Iran Khodro (IKCO) News Chabahar Port News Iran-Norway Relations Iran Economic Growth Iran Air News Iran Demographic Profile 2017 Iran Elections 2017 Iran-Denmark Relations Iran-Qatar Relations Add: No. 108 - Qaem Maqam Farahani St. Tehran, Iran Tel: (+98 21) 42710103 Fax: (+98 21) 42710102 .... 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  5. http://www.rudaw.net/mobile/arabic/business/210620171..... The opening of a new border crossing between Iraq and Iran By Roudao since 10 hours 897 View Im Bkordstan Iran province Roudao - Erbil , Iraq opened , expressing a new border with one of Kurdistan Iran 's provinces, where he said the governor "Wasit", the owner behind the valley, during his visit to the province of "Eelam" Bkordstan Iran, that " a new outlet border will open between Iraq and Iran," is scheduled to release the name of the "Cengolh" on the crossing from the Iranian side, in what would be the name of the crossing "Shahabi" from the Iraqi side. The governor of Wasit that "Iraq 's interior minister agreed to the opening of the crossing, and that there is an agreement with the Iranian authorities and the authorities of the province of Ilam in order to provide electricity and drinking water for the crossing." A statement by the Office of the Governor of Wasit, that "according to the initial agreement, the tourists from both sides can cross from that port after the end of the Eid al - Fitr." Recall that along the border crossings between Iran Kurdistan and the Kurdistan Region, there are several other crossings between Iraq and Iran , such as "Zurbatiyah, Hlmjh, gray hair", where countries trade exchange through those crossings. - See more at: http://www.rudaw.net/mobile/arabic/business/210620171#sthash.l5TLeWxs.dpuf
  6. Thank You and GM Yota, . Help me out here , Help me out here . This seems to be saying that after the FED boosted the attractiveness of the dollar . They are now expecting a collapse in the States do to dollar return . Which may cause crisis to ASEAN and emerging countries requiring a Mechanism to be in place by the end of the month in order for ASEAN countries to borrow dollar for support.? Very interesting near future times ahead
  7. http://www.alsabaah.iq/ArticleShow.aspx?ID=139350........ Today the launch of movable circles powers salaries in Dhi Qar......6/18/2017 0:00 Nasiriyah / Hazem Mohammed Habib called on the province of Dhi Qar departments five departments transferred powers to take over the salaries of its employees for the month of June this before Eid al - Fitr and as of Sunday, as revealed the Department of Health to secure all central appointments for the salaries of physicians, dentists and pharmacists retroactively. The administrative and financial department in the province director Razak Khbh «morning»: The province received funding of salaries for the departments of education, health, youth, sports, agriculture , and the Office of the province, noting that the salary distribution process will be launched from Sunday and lasts for one week, ie ahead of Eid al - Fitr holiday after the arrival of strengthen financial funding from the Ministry of Finance. He Khbh that the administrative and financial department formed the work of its morning and even after the end of official working hours in cooperation with the departments mentioned teams continue above to be the distribution of salaries between the governorate staff before Eid al - Fitr holiday, calling sections of accounts in these departments to review the administrative department for the purpose of receiving notices their own financing and direct operations receiving salaries starting today. The administrative and financial department in the province is the first Department receives notice of payment of salaries for this month. For his part, announced the health of Dhi Qar director Jassim Nasser Al- Khalidi, securing all central appointments for the salaries of physicians, dentists, pharmacists and people with health and nursing professions, noting that salaries will be distributed from the date of commencement retroactively to those who were appointed earlier this year and will spend those salaries over the next few days after roses salary notification.
  8. http://en.economiciraq.com/2017/06/16/iraq-receives-financial-allocations-for-reconstruction-of-areas-affected-by-terrorism/.....Iraq receives financial allocations for reconstruction of areas affected by terrorism.......A member of the Committee on Economy and Investment parliamentary Najiba Najib, on Friday, the promises of the United Nations to help Iraq from its financial allocations for the reconstruction of areas affected by terrorism, stressing that the size of budgets for the coming years is not enough without international support.Najib said in a statement that “the federal budgets are not enough to rebuild the areas destroyed by Isis,” noting that “the international community has the responsibility to help Iraq financially in the reconstruction.”“The reconstruction process must be studied in a realistic way, including demining, rubble and the creation of cities to become livable,” she said.“Iraq has received a promise from the United Nations special grant of its budget, and European countries as well as the United States of America promised us financial assistance for reconstruction,” noting that “Iraq fought terrorism on behalf of the world and support our duty.”“Fighting the corruption and spending the money in its rightful place is the first challenge facing Iraq to complete the reconstruction process,” she said, adding that “the areas that have been damaged as a result of receiving and caring for the displaced are supposed to have a share of these funds.”
  9. Don't know if this was posted yesterday ? June 15th ....http://fk-news.com/69029-انخفاض سعر صرف الدولار في الأسواق المحلية.html... Decline in the dollar exchange rate in local markets Section: Economic News Visits: 11 084 Published on: Yesterday, 20:11 Dollar exchange rate in the domestic markets fell on Thursday (June 15, 2017). Buying and selling shops in the price of banking: The sale price of 100 dollars = 125.250 dinars. The purchase price of 100 dollars = 124.250 dinars. Stock struggle - Baghdad 124.900 dinars.
  10. http://fk-news.com/69031-الرشيد يباشرة بتوزيع رواتب المتقاعدين.html..... Rashid carried on the distribution of pensions Section: Economic News Visits: 12281 Published on: Yesterday, 20:15 He retired Director of the Department of Basra Basil Alaidani on Thursday that the Rasheed Bank began distributing the salaries of retirees while still Rafidain Bank suffers from a lack of the necessary distribution of the salaries of financial liquidity. " He said in an interview Alaidani I followed Bourne: "The next few days will witness the end of the Rafidain Bank and the problem of direct distribution similar to Rasheed Bank Almqaeidin salaries." Calling on "all retirees who have not made them smart card (Key Card) to review the banks Asthsalha Mstsahban Muamm archives and documents."