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Found 11 results

  1. Amendment Iraqi banks laws Amendment Iraqi banks laws 08:53 03/10/2015 The governor of the Central Bank of Iraq, the relationship, that his country is developing a strategy for the next five-year plan includes the modification of some competent job banks and create some institutions laws. Iraqi Central Bank was founded in 1947 and it was called then the name of National Bank of Iraq, but it has been modified his name in 1956 to the Central Bank of Iraq and is the main branch of the bank in central Baghdad, and his duties implementation of monetary policy, and management of foreign reserves, and the issuance of currency management and regulation of the banking sector to promote the system competitive financial stable. He Keywords in a special statement to the reporter Anatolia, that "the plan include amending some laws on job banks such as the law of the Central Bank and the Banking Law and the Law on Deposit Insurance in banks as well as money laundering law," adding that "some of these laws will complete the legal formulations have others present in the Iraqi parliament. " And opened a number of foreign bank branches in Iraq in 1956, while the number of Iraqi private banks opened with a little money relative to government banks in the private successive periods after the invasion of the United States of Iraq in 2003. He said the governor of the Central Bank of Iraq, that "the Central Bank intends to create Some institutions that guarantee citizens' deposits at private banks in order to encourage people to deposit in banks, and the introduction of modern technologies through complete electronic payment project. " Experts in the field of economy, the banking sector in Iraq and describes Palmtkhalaf depends on capital does not rise very few global banks or countries in the region, with most of the State-owned banks operating in its dealings with the old systems are still daily. The governor of the central bank, last Saturday, said that the volume of assets (deposits) Iraqi banks are 225 trillion dinars (192.9) billion dollars, of which 204 trillion (174.9) billion dollars in government banks, by 80% and the rest in private banks. He denied the Iraqi Central Bank, last week reduced its reserves of hard currency (the dollar), indicating that it covers the Iraqi currency traded at more than one and half times the size, without setting a specific value of the reserve. The Hoshyar Zebari, Minister of Finance in the Iraqi government said in February 27 last that the Central Bank of Iraq's reserves of hard currency dropped to $ 68 billion, which means a decline of about $ 9.7 billion from the level at the end of 2013, a decline of 12.5%.
  2. http://youtu.be/5TdXiL6kNno Is Iraq beyond the crisis with rising oil prices Published on Feb 25, 2015 Confusing situation of the Iraqi economy, especially after the decline in crude oil price has contributed strongly in projects crashes completely, but the slight rise in oil prices may contribute to addressing the current crisis. In this context, it was considered D.mzar Mohammed Saleh, adviser to Prime Minister that "low prices Oil positive signal to reduce distress caused by the deficit. " He added: "In fact we are in a deficit decree and oil prices still are below the price set in the budget and began approaching the exact price means there is not a burden." Reporters stressed the need to activate all economic areas that could be which increase imports of the federal budget, rather than relying on the export of oil alone. He says D.kazem Showcase, media: "We always hear that the Iraqi economy depends on oil and the economy yield but why! is Aalinvt concluded when leaving this dangerous side." He adds D.nora Tamimi, media: "a lot of opportunities exist to promote the private sector, through private sector projects can activate the manpower and develop the social status of the country." saving the federal budget of the danger that threatened is finding Default deficit is handled in accordance with the prudent economic measures calculate deems economists.
  3. Economic Adviser to the servants, the government is serious in overcoming the obstacles to investment and Iraq in a recession The appearance of Mohammed Saleh Author: Editor: br reporter: naNumber of Views: 90 15/02/2015 13:59 Tomorrow Press / Baghdad confirmed the economy adviser to Prime Minister appearance of Mohammed Saleh, Sunday, that the economic laws obstacle stand in the investment, noting that the government is serious in modified to provide an incubator of capital, while noting that Iraq today is going through Abeche from the recession. Saleh said for "tomorrow Press" that "economic laws obstacle generally outside investor, is serious and the government to go to amend these laws commensurate with the stage and removed all the obstacles of the laws, regulations or instructions," referring to "the existence of the committee working on the activation of the Iraqi economy and the elimination all the bureaucratic procedures. " He added that "Iraq faces a security challenge, but this has solutions and its sides that run it, but that does not mean the economy stops," noting that "capital coward but today we worked to provide a good incubator for this money to stimulate some business." "The budget is not uncommon if exploited properly spent, and Iraq did not reach the stage of contraction, but need to raise economic efficiency," pointing out that "the current situation of the Iraqi economy is going through Abeche from the recession."
  4. Consultant Abadi: are untrue to the government's inability to pay the salaries of staff Date: 05/02/2015 17:41 Information / special / .. Economic Adviser to the Prime Minister denied the appearance of Mohammed Saleh, on Thursday, reports that indicated for the inability of the state to pay the employees' salaries after three months, indicating that it is a rumor and economic war. Saleh said in a statement to the Agency / information / "The Country undergoing an economic crisis is a reality that can not be undeniable and the budget was built on austerity policy, but it is able to function in the country up to this year. " He added that "the reports about the inability of the state to pay the linkages staff are untrue and its staff salaries are going on a regular basis and there are sufficient funds and earmarked for salaries without any harm to inflict. " And Saleh that "oil prices rising in recent days and the price of oil is currently exceeds the price at which built upon the budget Mini that the risk of deficit gradually will disappear with the progress of the days during the current year." He pointed out that "there are rumors accompany economic war It is promoted for those rumors are like totals Daash criminal. " The sources in the Ministry of Finance aid in a press statement that the funds in the state treasury not enough to only pay for three months and will be the government after three months, unable to pay staff salaries. "Finished / 25 Finance Ministry sources: certainly could not do after three months to pay the salaries of all employees An employee in one of the state banks Author: Editor: mst Reporter: Number of Views: 582 05/02/2015 15:33 Maher Abdel Latif Tomorrow Press / Baghdad: Knowledgeable sources in the Ministry of Finance, on Thursday, for a deficit in the state treasury, prevents the salaries of all employees dam, after three months, if oil prices continued on these prices. The source, who declined to be identified for "tomorrow Press "that" the rest of the money in the state treasury may fill the salaries of staff in just the next three months, and then will face the Ministry of Finance deficit bridged completely, "he said, adding that" the Iraqi state revenues from oil have fallen dramatically, without leaving the previous government any financial stocks fill this deficit. " He explained that "the current Finance Minister Hoshyar Zebari revealed to the House of Representatives and Minister nature of the crisis in Iraq, and the need to begin a severe austerity to meet the employees' salaries, at least," adding that "the financial budget, which is the basis relied on oil exports Iraq, dependent on sales in the oil market styles, as some companies that buy Iraqi oil company SOMO not received money owed ​​soon. " To the detection of early source from within the ministry, for the study of the idea of borrowing money to meet the severe deficit in the fiscal budget approved by parliament last week. " He told "tomorrow Press" that "the advertiser of about 25 trillion dinars size of the deficit, record according to data expected revenues," adding that "any defect in the export or the steepest drop from the current time will increase the fiscal deficit." He added that "the payment of financial dues Iraq to export oil does not come one at a time, which may affect the payment of staff salaries on time," adding that "the Council of Ministers proposed to the ministries inform staff that there a delay in the delivery date of salaries." And the voice of Representatives on the financial budget last Saturday, a specific price of a barrel of oil at $ 55, while the current oil prices ranging from $ 50 to $ 52.
  5. Consultant Abadi: the central bank to clarify the reasons for the low value of the dinar and the high dollar Wednesday, February 4, 2015 14:57 [baghdad-where] The appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi central bank demanded to clarify the reasons for the low value of the Iraqi dinar against the dollar rise in the price in the local market. Said Saleh told all of Iraq [where], "the central bank need to clarify the reasons for the high price of the dollar against the dinar, though slight, and shows what actions and policies taken to preserve the value of the dinar." He pointed out that "a determining central bank sales of the dollar in its daily auction was due to financial hardship, home to Iraq and maintain the bank's foreign currency reserves is linked with earnings of Iraq in the fall and rise and be maintained by reducing its demand for the dollar and cover basic it needs." And "we have in Iraq and there are loose commercial goods in the market is not worth the import where there are stocks of durable household as materials and cars suffice Iraq for several years, but the import is continuing and this exhausts the state budget." He Mshar Prime Minister for Economic Affairs, "the power of the Iraqi dinar, which is covered in foreign currency, according to the definition of the money supply more than one and a half times, but at the same time, we must achieve a balance in maintaining the amount of foreign currency exchange rates and the value of the Iraqi dinar." He assured the economist and deputy governor of the former central bank "that the Iraqi dinar is strong but it needs to counter this decline Iraqi actions." And witnessing the Iraqi market, a remarkable rise in the US dollar against the dinar as it is expected that the dollar sales decline in the central bank auction of this year, according to the law of the state budget, which began in Parliament on 29 January last is expected to be published in the official gazette in the coming days after the presidency authentication to put into effect. The law stipulates that the central bank is committed to identifying sales of hard currency [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date of buy it for the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar. It was not known if the price of the Iraqi dinar will be affected by the application of this article and observers fear that the lack of supply of the dollar in the markets will lead to a high price Bdinar.anthy 2
  6. The appearance of Mohammed Saleh Abadi economic adviser praises central bank action to lend budget Author: ASJ, HH Editor: AR, HH 01/28/2015 eleven fifty-six number of readings: 213 Long-Presse / Baghdad Praised the Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, Wednesday, measures the Iraqi Central Bank to lend financial budget for the current year 2015, and as he emphasized that this step will enhance and develop the market, he pointed out that it will be reflected positively on the citizens. The appearance of Mohammed Saleh said in an interview with the (long-Presse) that "the Iraqi Central Bank actions funded budget for the current fiscal 2015 six trillion Iraqi dinars will be reflected positively on the state to get out of financial distress experienced by the country." Saleh added that "This move by the central bank will strengthen and develop the market and reflected positively on the citizens." The Iraqi Central Bank has decided, on Tuesday, (27-1-2014), finance financial budget for the current 2015 six trillion Iraqi dinars, and as he emphasized his agreement to a set of proposals to address the "fiscal challenge," in Iraq, he pointed out that these actions "do not affect the Bank's reserves. " And the President of the House of Representatives Saleem al-Jubouri, the first Monday, (January 26, 2015), the parliamentary session to be held tomorrow, Thursday, to vote on the draft financial budget for the current year 2015. He announced the Kurdistan Alliance, on Saturday, (January 24, 2015), the completion of legal drafting of the budget for the fiscal current year 2015, and confirmed that the Finance Committee is working to install the proposals currently on the budget, and as pointed out that the Commission will send a budget to the Presidency of the Council of Representatives this week for a vote, he stressed that the share of the Kurdistan region is set at 17%, that the conduct of the Iraqi Ministry of Defense Peshmerga salaries. Referred to the Iraqi Council of Representatives ended during the fourth session of the second legislative term of the first legislative year, which was held in (January 12, 2015), ending the second reading of the draft financial budget for the current year 2015, and the vote of the Committee on Migration and Displacement powers all to follow the displaced, but not included in the agenda then until now. He called on Iraqi Prime Minister Haider al-Abadi, on Saturday, (January 10, 2015), during the celebration of the anniversary of the founding of the Dawa Party, the House of Representatives to the lack of budget returns, and stressed that the validity of Parliament reduction and carry, and with the provinces and ministries called "open the door for investment wide , warned that it "will be considered investment like a terrorism crime disabled." He pledged House Speaker Salim al-Jubouri in a speech during the ceremony itself, given the orientation of the government reduction in the budget, and stressed that the budget discussion is nearing completion, and as pointed out that the House of Representatives has a red line will Ntaadah the poor class, Prime Minister Haider al-Abadi asked for Private investment legislation.
  7. Consultant Abadi reveals near the issuance of important economic laws revive the market and investment Sat, 24 January 2 / January 2015 08:46 [baghdad-where] Revealed the appearance of Mohammed Saleh adviser to Prime Minister Haider al-Abadi Economic Affairs proximity of key economic laws contribute to the recovery of the Iraqi market and investment opportunities. Said Saleh told all of Iraq [where], "a forthcoming law for cities and industrial industry mixed, and this is very important, and there is a law is for private sector investment, encourage and create Association and strong bond between the private and state sector to stimulate the movement of the market and end the separation existing between them." He added, "there is also a market-oriented economy is the one who activates development and not speculators and Ctkarion, there are politicians heading for the development of the market." And the World Bank forecast in check very slight growth in Iraq's economy by at up to 1% said adviser Abadi said, "These projections are based on the quality of imports of the economy because agriculture and industry account for only 5% of GDP in Iraq, and these sectors commodity task It is already weak, and this dilemma and a problem of today. " And Saleh, said that "the solution is the need for the development of commodity sectors and foci of production, and today the state is moving strongly towards the revitalization of agriculture, manufacturing, and began a strong movement in this aspect." "The agriculture in Iraq is the private sector by 98% and is not a government, but in contrast, the basic infrastructure for agricultural irrigation, dams and Alambazl and 85% is the relationship of the government list, and agriculture need to protect the local product." Economic Adviser and pointed out that "the supplementary budget for 2015 found implicit in the budget original, ongoing discussion, the fact that there is a delay in the approval of some projects pending improvement in the financial situation and if what has been achieved this improvement launches of these projects as if they were balancing complementary attached within the budget." The prime minister Haider al-Abadi said yesterday at the World Economic Forum - Davos "We turn now from the system controlled by the government to a mixed economy more active, as we privatize key sectors, and explore partnerships between the public and private sectors, and entering into joint ventures with international companies," he said "As prime minister, followed a strategy of interdependence, rather than the dominance of state government control over the economy and the dominance of the Baghdad government to local governments, public and private sectors will enter with the central government and provincial governments in partnership." Iraq is facing financial hardship and a lack of liquidity with a large fiscal deficit is estimated at 60 trillion dinars due to lower global oil prices to below $ 50 per barrel, especially since the Iraq depends on oil rents by up to 85% .anthy 2
  8. Appearance Fit: safe areas of the country will witness a survey of private sector structured and unstructured Tuesday 0.06 2 December / January 2015 07:05 [baghdad - where] The prime minister for economic affairs adviser to the appearance of Mohammed Saleh, said on Monday that the safe areas of the country will witness a survey of the private sector, formal and informal, indicating that the areas are the central and southern Iraq as well as the province of Kurdistan. Said Saleh told all of Iraq [where] that "the importance of a survey of the private sector lies in the absorption of the professional capabilities of providing loans to the markets," pointing to the importance of "disclosure of producing and non-producing industrial areas, and this is what yearn his position of government effort to it." It is noted that in spite of the proliferation of private sector institutions in Iraq, which amounted to a large extent, but it did not play a pivotal in the economic development process in Iraq role, in addition to the departure of government institutions to deal with it because of foot-dragging some of those institutions in Amlha.anthy
  9. Consultant Abadi: high dollar "price bubble" Agency eighth day December 24, 2014, 11:56 82 Reading BAGHDAD - ((eighth day)) Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh, Wednesday, high dollar price in the market, it is only for "price bubble", stressing that the dinar bank reserves covering completely. Saleh said that "some of the speculators in the market taking advantage of in some cases some organizational things issued by the Central Bank on the auction conducted by a day to sell currencies as Rasim monetary policy", adding that "these speculations are temporary and is only a bubble forming." Saleh added that "these speculations are of a temporary nature as the market is saturated with the dollar," asserting that "the Bank's reserves of hard currency dinar cover fully." The local market is currently experiencing a rise in the dollar exchange rate for up to 1300 dinars to the dollar.
  10. Economy Monday 22 ديسمبر 2014 | 04:25 مساء | Number of Views: 204 Abadi adviser to the economy: the removal of zeros from the currency requires a stable security and economic BAGHDAD / .. Prime Minister for Economic Affairs Adviser stressed the appearance of Mohammed Saleh, on Monday, that the removal of zeros from the Iraqi currency at the present time requires security and economic stability, referring to the current crisis in Iraq Garmlaúma for this step. Saleh said in a statement singled out the "eye of Iraq News," The removal of the zeros project aimed at reducing its computational system monetary values ​​without any intervention of wealth and would remove the zeros from the accounts of the Republic of Iraq completely, "pointing out that the foot on this project requires economically stable and security, political high level. " Rejected in favor of support for any Tgieraly currency at the moment, adding, "I do not support any change in the currency, but after one year or more until there is a liberation of all the provinces of Iraq organization Daash addition to the improved level of oil prices where regain the economic wellbeing." Noteworthy that the Iraqi Central Bank announced in November of this year, the end of that "countries with economies dependent on oil, such as Iraq, the net foreign assets of any foreign currency derived from the sale of oil is a mainstay cash basis it because it relies on oil to finance its spending and in great. " The bank said in a statement that "the Iraqi government, specifically the Ministry of Finance are replacing foreign currency (dollar) that you earn from the sale of oil with the Central Bank of Iraq for the local currency (the dinar), to be able to cover internal expenses, so the foreign reserve resources growth ( Dollar) when the government consists of increasing the prices and quantities of oil sold. " The bank said that "this will enable and continuously available from barter with the central bank for the local currency (the dinar), and in quantities that you need, but with the drop in oil prices, the oil revenues certainly would be affected would be reflected on the low cash reserves at the central bank." On the other hand, stressed the Central Bank of Iraq, that "the subject of the deletion of zeros from the currency has been postponed for the time being" .anthy / 5
  11. The appearance of Mohammed Saleh: the conclusion of the agreement with the Kurdistan raise Iraq's oil exports to three million and one hundred thousand barrels per day Monday, December 01 1 / December 2014 18:41 [baghdad where] Said Advisor to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, a rise of Iraqi oil exports to three million and one hundred thousand barrels per day in the event of the success of the conclusion of the agreement between Baghdad and Erbil. He said the prime minister for economic affairs adviser appearance of Mohammed Saleh told all of Iraq [where], "We are optimistic of an agreement with the Kurdistan Regional Government with respect to the budget and file oil," noting that "under the agreement, which will most likely be tomorrow, will increase Iraq's oil exports to 3 million and one hundred thousand barrels per day, instead of Mleonian and half of Iraq's current exports. " He added, "That makes Iraq was able to overcome the financial crisis next year and achieve the support of the potential victory on terror." The prime minister Haider al-Abadi, has called on Monday negotiator in the federal government and the Kurdistan Regional Government to resolve the outstanding issues between the parties to reach a final agreement that would allow the budget to pass in 2015 as soon as possible, stressing that the differences are purely economic. General Secretariat of the Council of Ministers said in a statement received by [where], a copy of it, that "the government delegation negotiating on benefits of the Kurdistan region and the problem of the export of oil research with the delegation of Government of the Territory of the proposed solutions to resolve the contentious matters in accordance with the principles of the Constitution, partnership and justice." The Secretariat explained that "the prime minister Haider al-Abadi called during his attendance at the two sides of negotiations to reach a final agreement that allows to pass the budget for fiscal year 2015 as soon as possible," adding that "the differences are purely economic, and affect the interests of the citizens in the whole of Iraq, does not affect the political climate can ". She pointed out that "the conferees discussed the quantities produced from the region's oil, and mechanisms calculated within the financial budget, and resolve financial issues outstanding between the two sides, and the financial benefits of the Kurdistan Regional Government as a result of oil exports in the last period, and benefits of the central government is also in accordance with the Constitution." The Kurdistan Regional Government delegation led by Barzani, who arrived in Baghdad yesterday to today held a meeting with the federal government delegation led by Prime Minister Haider al-Abadi and a number of cabinet ministers to discuss the latest Baghdad and Erbil agreement and the rest of the outstanding issues. According to information received, to the parties their conditions for another, and the terms of Erbil is that in the case of agreement on any issue, At the federal delegation to sign it, as there are three other conditions, but he did not know until now. The Terms of Baghdad, they exported 450 000 barrels of oil per day, distributed among 150 thousand from the Kurdistan region of fields and 300 thousand of Kirkuk, and in return send 17% of the budget of the Kurdistan region. As MP for the coalition of Kurdish blocs Arafat generosity revealed told all of Iraq [where] that "the two delegations will enter today, in a new meeting to discuss the details of the agreement in Erbil, and put up points on the letters," pointing out that "discussions are ongoing about the general budget and the region's share and the mechanism of law export oil through Sumo national production line ", stressing that" the seriousness of the parties in resolving their differences ".anthy
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