Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Search the Community

Showing results for tags 'Central Bank of Iraq'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Welcome to DinarVets!
    • Rules, Announcements & Introductions
    • Questions and Tech Support
  • VIP Area
    • VIP Section
    • VIP Section
  • Iraq Topics
    • Iraq & Dinar Related News
    • Dinar Rumors
    • RV & Dinar Questions
    • Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
    • Chat Logs
    • ISX (Iraqi Stock Exchange)
    • Warka and Iraqi Banking
    • Dinar-ify me!
    • Buying and Selling Dinar
    • LOPster tank
    • Debate Section
  • General Topics
    • Off Topic posts
    • Natural Cures and Health Talk
    • Politics, 2nd Amendment (Gun Control)
    • Iraqi Inspiration and Stories of our Soldiers
    • World Economy
    • Music Videos etc
    • DV Weekly Powerballs.
  • Investing
    • Forex Discussion
    • Penny Stocks
    • Wall Street
    • Gold & Precious Metals
    • Foreign Currencies
    • Tax Discussion
    • Investment Opportunities and Wealth Management

Calendars

There are no results to display.

There are no results to display.

Product Groups

  • VIP Membership Packages
  • OSI Products
  • Just a Text
  • RV Intel and the Cash In Guide!

Genres

There are no results to display.

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Phone Number (for VIP text message)


AIM


ICQ


Jabber


Location


Interests


Biography


Location


Interests


Occupation


My Facebook Profile ID


My Twitter ID

  1. Currency Auctions - Announcement No. (2367) The latest daily currency auction was held in the Central Bank of Iraq on Tuesday, the 30-Apr-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 27 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 150,642,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 150,642,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  2. Currency Auctions - Announcement No. (2365) The latest daily currency auction was held in the Central Bank of Iraq on Sunday, the 28-Apr-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 25 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 169,282,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 169,282,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets ...And the Auctions continue, UNTIL......
  3. Currency Auctions - Announcement No. (2364) The latest daily currency auction was held in the Central Bank of Iraq on Thursday, the 25-Apr-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 24 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 116,099,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 116,099,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  4. Sales of dollar by the CBI rise on Thursday auction. 18/04/2013 15:53:00 Baghdad/ NINA /--Sales of dollar by the Central Bank of Iraq CBI rose on today auction to 117 million and 435 thousand dollars after hitting yesterday the amount of 88 million and 853 thousand dollars, with a stable exchange rate of 1166 dinars per dollar, on the same context the sales and purchase of others foreign currencies showed rising as well. The daily bulletin issued by the Central Bank said , "The demand for dollar was ranging today around $ 20 million dollar./End http://www.ninanews.com/english/News_Details.asp?ar95_VQ=GHGHEG
  5. I have never seen the currency auctions as low as they are today, hopfully this is a good sign that this venture is coming to an end... The rate is the same but the Auction amount is getting less and less.... Currency Auctions: Announcment No. (2358) The latest daily currency auction was held in the Central Bank of Iraq on the 17- Apr-2013. The results were as follows: DETAILS NOTES Number of banks 21 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ------- Amount sold at acution price (US$) 88,853,000 Amount purchased at Auction price (US$) --------------- Total offers for buying (US$) 88,853,000 Total offers for selling (US$) ---------------
  6. Currency Auctions - Announcement No. (2351) The latest daily currency auction was held in the Central Bank of Iraq on Monday, the 8-Apr-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 24 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 209,124,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 209,124,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  7. Currency Auctions - Announcement No. (2349) The latest daily currency auction was held in the Central Bank of Iraq on Thursday, the 4-Apr-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 24 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 151,255,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 151,255,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  8. Currency Auctions - Announcement No. (2347) The latest daily currency auction was held in the Central Bank of Iraq on Tuesday, the 2-Apr-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 25 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 139,840,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 139,840,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  9. Currency Auctions - Announcement No. (2346) The latest daily currency auction was held in the Central Bank of Iraq on Monday, the 1-Apr-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 22 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 147,011,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 147,011,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets And the Auctions continue....!
  10. Currency Auctions - Announcement No. (2343) The latest daily currency auction was held in the Central Bank of Iraq on Wednesday, the 27-Mar-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 17 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 117,072,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 117,072,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  11. Currency Auctions - Announcement No. (2342) The latest daily currency auction was held in the Central Bank of Iraq on Tuesday, the 26-Mar-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 21 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 118,235,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 118,235,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  12. Currency Auctions - Announcement No. (2341) The latest daily currency auction was held in the Central Bank of Iraq on Monday, the 25-Mar-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 23 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 158,395,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 158,395,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  13. Currency Auctions - Announcement No. (2340) The latest daily currency auction was held in the Central Bank of Iraq on Sunday, the 24-Mar-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 23 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 169,343,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 169,343,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  14. Baghdad (news) .. A member of the Economic Committee MP / coalition in Iraq / Qusay Fri, Central Bank Act current b 'sober' and supportive of monetary policy in the country, being a theme by economists have long engaged in the field of fiscal and monetary. Juma said ( Agency news): The central bank does not need new legislation, but needs guidance and regulations to support its monetary policy, because its law current is one of the best economic laws in the country. added: that the crisis the central bank last affected negatively on the work of monetary policy making There imbalances in the sale of hard currency and how to balance quantities demand and supply of currencies in the market. has called some economists and House of Representatives to amend the law on the central bank for the year (2004) formula in line with global developments taking place in the field banks, to support monetary policy in the country. / Finished / 8 . n. p /
  15. Currency Auctions - Announcement No. (2338) The latest daily currency auction was held in the Central Bank of Iraq on Tuesday, the 19-Mar-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 24 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 145,161,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 145,161,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  16. Sales of dollar by the CBI rise on Monday's auction. 18/03/2013 13:48:00 Baghdad/ NINA /--Sales of dollar by the Central Bank of Iraq CBI rose on today's auction to 153 million and 813 thousand dollars after hitting yesterday 132 million and 670 thousand dollars, with a stable exchange rate of 1166 dinars per dollar, the sales and purchase of other foreign currencies showed increase on today's auction as well. The daily bulletin published by the Central Bank said : "The demand for dollar was ranging today around 44 million and 625 thousand dollars./End http://www.ninanews.com/english/News_Details.asp?ar95_VQ=GGKIJL
  17. Currency Auctions - Announcement No. (2334) The latest daily currency auction was held in the Central Bank of Iraq on Wednesday, the 13-Mar-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 20 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 117,858,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 117,858,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  18. Currency Auctions - Announcement No. (2333) The latest daily currency auction was held in the Central Bank of Iraq on Tuesday, the 12-Mar-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 21 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 126,468,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 126,468,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  19. Traders attributed the rise to the scarcity of supply in the currency auction and the parliamentary committee confirmed that the situation after «Shabibi has not changed Economists: Central dollar sale of Iranian companies behind the rise and parliamentary Finance: will not be silent Tuesday-12 Mar 2013 No. 774 Sulaymaniyah - Rana Ahmed Economists attributed the rise in the exchange rates of the dollar in recent central bank to sell dollars to Iranian companies, pointing out that these companies are smuggling money out of the country, contributed significantly to the scarcity of the dollar in the local markets. As currency traders believed that the main reason is due to the lack of dollar supply in the central bank auction, which fell to $ 70 million after the show was up to $ 200 million. While it as a Knesset Finance that "wrong policies" of the Central Bank current is responsible for the rise and it will not tolerate it, pointed out that the situation which is why the exclusion Shabibi from office still exists, recognizing that the Parliamentary Committee on monitoring exchange rates neglected work did not turn required in this area. In an interview with "The World" on Monday, said Khaled Haider, a professor of economics at the University of Sulaimaniya, said "the central bank announced at the beginning of this year for limited dollar selling on companies and traders agents, and those who buy the dollar from the central bank at the pose of the markets at last, In economics a scarce commodity in high demand markets and price rises. " Haider added, "As the sale of these companies in hard currency for Iranian companies contributed significantly Bashanha within the Iraqi market, as these companies are smuggled them out outside the country, which became one of the most important causes of instability dollar exchange rates in the Iraqi capital market." And witness the exchange rate of the U.S. dollar in the local markets about the Iraqi dinar remarkable rise between 1245 to 1250 dinars to the dollar, while the exchange rate of the dollar against the dinar, over the past year 2012 is 1,200 dinars to the dollar. In turn, said Reda Abdel Wahab, a currency trader in the dollar market in Sulaimaniya, "the world" yesterday, "The central bank had previously sold daily $ 200 million, while now sells about 70 million dollars, and this greatly affected the price rise dollar recently, "warning that" if the central bank continued to sell less than $ 200 million, the case will continue rising dollar against the Iraqi dinar. " "As the central bank to sell the dollar became limited to some companies and agents and who have come to control the raising or lowering prices dollar, and this unfortunately led to the loss of some merchants and citizens big losses because of the high value of the dollar." For his part, student Mohammed Raouf financial expert said in an interview with "the world" yesterday, "citizens to stay away from buying the dollar in this period, because the price of the dollar vacillating and unstable Kurdistan region and the whole of Iraq, while the trend towards buying gold instead of the dollar will ensure not losing money to the point that the price of gold is fixed and stable. " Furthermore, noted Dler Abdul Qadir, a member of the Finance Committee in Parliament that "the Finance Committee in the House of Representatives has an ad hoc committee to follow up exchange rates, and everything related to the subject of foreign currency at the central bank, but unfortunately, since the formation of this committee have not received a report one in this regard, and did not hear a single sentence on the tasks assigned to it, "noting that" the problems that were experienced by the central bank, and the situation that led to reached by Bank Governor Sinan al-Shabibi are the same are still continuing and we doubt that the Iraqi money today in good hands , and we after approving the budget will seek diligently to follow up the case of high prices in the currency, because it is an issue involving the daily economic life of all the people. " He denied Abdul Qadir in an interview with "the world" yesterday "any connection between the delay, which happened in approving the budget and rising prices of dollar-winning today, but it may be busy House budget and approved in the last period has led to the absence of follow-up of the Iraqi funds, where no longer appointed open on what is happening in the Central Bank, "calling" bank governor agency, to work faithfully, and they will not allow higher prices that led to the great harm citizens, due to the Bank's approach to the wrong policies. " The member parliamentary Finance Committee that "we have no information regarding smuggling money out of the country, and this of course is unacceptable, and that this information is confirmed, there is a section in the House of Representatives in charge to follow up this subject, is supposed to follow the issue of smuggling of money." -
  20. Currency Auctions - Announcement No. (2332) The latest daily currency auction was held in the Central Bank of Iraq on Monday, the 11-Mar-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 18 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 127,319,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 127,319,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets The sales of USD continues to draw as many IQD off the streets as possible, preparing the way for the change to the new LD's and an RV.....RON
  21. Currency Auctions - Announcement No. (2331) The latest daily currency auction was held in the Central Bank of Iraq on Sunday, the 10-Mar-2013. The results were as follows: DETAILS ---------- & ---------- NOTES Number of banks 18 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 116,925,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 116,925,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  22. Wise sponsored conference opens fire on the central bank describes the Iraqi banks over backward in the region 09-03-2013 | (Voice of Iraq) - Term Press / Baghdad Attacked politicians and bankers, Saturday, fiscal policy in Iraq and considered that the country's banking system is "most backward" between countries in the region, while Benoit that direction the central bank has made private banks "abnormal and without a father," attributed officials to internal challenges many The political environment producing crises and reassuring messages to the world, stressing the need for a trillion dollars to stimulate the economy, and that "corruption" of the administrative and bureaucratic procedures in some institutions "turned into a means of blackmail." This came in the first annual conference of businessmen in Iraq, which was held at the headquarters of the Supreme Islamic Council in the capital Baghdad, in the presence of a group of bankers and businessmen, attended by (long-Presse). Hakim: Iraqi banks most backward in the region The head of the Islamic Supreme Council Ammar al-Hakim in the word which began the conference, said that "Iraq has a banking system is the most backward among the countries of the region," adding that "banks do not have large amounts of capital and adopt international standards in their work." Hakim added, that "the reality of government banks bad is mired in red tape and far from development and just funds for transfers of government funds and distribute grants and salaries," noting that "Iraq faces problematic in the first episode and the foundation of the economy is the banking system, which is not practiced activities effectively and even profit book Only ". He asked the President of the Supreme Council of the Islamic, on "how to build a strong private sector in Iraq, at the time required that the risks and risking all his capital in economic projects, without providing a guarantee it," pointing out that "the need has become urgent to update legislation administrative, accounting and protection of the private sector from unfair foreign competition. " Keywords: reassuring messages to the world For his part, Secretary General of the Council of Ministers on the Keywords, in his speech to the conference, "the World Bank classification in a recent report of Iraq that is ranked 156 among 185 countries in the measurement of reform and progress in the actions and legislation to work." The Keywords, that "Iraq is facing a lot of challenges because of the political environment producing crises and messages is reassuring and influencing the legislative environment in the slowing with how many laws handicapping to work," asserting that "administrative corruption and governmental actions cumbersome and bureaucratic in some institutions turned to ways to blackmail" . He said the Secretary-General of the Council of Ministers, "When we speak about the required reforms in institutional environments, we are talking about the need for leaders to assume administrative reform process and organization which is not provided by the political environment and may even adversely affect in this direction." Araji: a trillion dollars to stimulate the economy It said Chairman of the National Investment, Sami al-Araji, in his speech, said that "the report of the World Bank involved the information is reliable because some institutions did not take the initiative to give information and this is something difficult for the investor and businessman," adding that "Iraq was able to put Five-Year Plan for the years 2013 -2017 and then the second five-year plan. " Araji said, "Preliminary calculations indicate the need for between 700 million to a trillion dollars to stimulate various economic sectors," noting that this "amounts come from oil and gas imports and economic sectors and foreign and domestic investment." But official words, angered many of those present, including Chairman of the Bank of the Iraqi economy, Hossam Obaid Ali, who openly expressed his displeasure of "not to make way for him to put his" remarks, and then deliberately to leave the conference room. Private banks: central bank around for offbeat entity Conversely said Managing Director of the Bank Al Bilad Islamic, Ayad Yahya, said that "the private sector has not received any attention government," returned to "the Iraqi banking sector backward for more than 50 years for the world, and that the private bank needs the support of the state while still governed previous laws. " Yahya said, "Iraq's imports are deposited in the Rafidain and Rasheed government," describing the private banks that it has become "abnormal and do not have a father sponsored especially the central bank applied strict regulations." And called on the Managing Director of the country's Islamic Bank, to "Act legislation regulating the work of Islamic banks", adding that "private banks to invest now with their heads." He said Yahya, that "the State is fighting strongly private banks and deposited their money," pointing out that "the Bank country warrior by the state because of the entry in the two investment projects in Najaf and Basra." He accused the managing director of the country's Islamic Bank, the secretariat of Baghdad as "transformed a piece of land belonging to the bank earmarked for a housing project to a garbage dump now costing cleaned more than 100 billion dinars", attacking the Central Bank of Iraq "only be done on the currency auction." Yahya saw, that "Iraq needs a day to 300 million dollars, while central bank spent only 70 million of them." And forced the managing director of the country's Islamic Bank, Ayad Yahya, to end his speech at the request of the Administration Conference phrase "claimed the die and Chiona Orh central bank", ie (die Chiona because of the actions of the Central Bank). The Iraqi parliament has approved in October of 2006, the Iraqi investment law which it was said then that he would open the doors to foreign investment for providing a lot of facilities to foreign investors, but many foreign companies still hesitate because of fear of the security reality is instability in Iraq, in addition to the routine procedures and inter other obstructive problems regarding the allocation of land, and the weak financial and banking infrastructure, for example. Modifications have been made to the law later was the most important of these amendments relate to "give Iraqi and foreign investors the right to own land for housing projects exclusively. It is noteworthy that the private sector has deteriorated significantly after 2003 due to increase government support him, particularly the industrial sector which led to the suspension of most laboratories and factories for work because of their inability to compete with imported goods are supported in the countries that they come from and which are subject to import the large fees. Read more: http://translate.googleusercontent.com/translate_c?depth=1&ei=ucU7UbrNPMGtqgGdpYC4Ag&hl=en&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583%2B%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%25D9%258A%26hl%3Den%26sa%3DX%26rlz%3D1T4ADFA_enUS416US417%26biw%3D1280%26bih%3D764%26tbs%3Dqdr:h&rurl=translate.google.com&sl=ar&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D91380&usg=ALkJrhjomcTtdmev4Fv8frqeJ3kMKQrJUQ#ixzz2N5Y9i28M
  23. Araji: Parliament discusses new administration of CBI after increase of USD's price Sunday, 03 March 2013 11:20 Baghdad (AIN) –The head of the Parliamentary Integrity Committee, Baha al-Araji, announced that a file is opened for the new administration of the Central Bank of Iraq after the increase of the price of the USD in Iraq. Speaking to All Iraq News Agency (AIN), he said "The file was opened by the MPs and not by the Committee," noting that "There is a big difference between the values of the USD and the IQD because the policy of the new administration of the CBI resulted in this difference." "The Committee is ready to discuss this issue if it will be tasked with," he added. "Since the start of the new administration in October 2012, the IQD started to decrease and did not reach its previous value which means that there is a defect in the performance of the CBI THE LINK : http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=29459:araji-parliament-discusses-new-administration-of-cbi-after-increase-of-usds-price&catid=35:political&Itemid=2
  24. Ahmed Faizullah: the need to draw on the expertise of international banks to support the banking sector 28-02-2013\ Deputy Chairman of the Finance Committee of the Kurdistan blocs Coalition MP Ahmad Faizullah, the Central Bank talks with international banks to operate in Iraq as it would facilitate the process of foreign currency transfers and develop the banking sector. He said Faizullah (News Agency): global banks have sophisticated banking experience upon entering the Iraqi banking sector will support the environment through the use of technological expertise, in addition to those banks also benefit from Iraq which have mutual interests. He added: the Central Bank initiative to discuss with the World Bank to work in Iraq and will support the national economy, on the one hand to facilitate banking transactions and transfers of foreign currencies as well as contribute to the development of the investment process and other matters to which they relate. He was the Governor of the Central Bank of Iraq 13 search this February with a number of foreign banks ways to expand its work in Iraq. Read more: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.sotaliraq.com%2Fmobile-news.php%3Fid%3D90328 Is this the sign CBI has prepared to RV very soon? Let's hope so folks.
  25. Knesset Finance: budget 2013 will be the new currency after deleting three zeros http://www1.alforattv.net/modules/news/article.php?storyid=77253 Parliamentary Finance Committee announced Tuesday that next year's budget 2013 will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in the Iraqi currency behind the adoption of the Central Bank project to delete the zeros. Said committee member Najia Najib in a press statement "that" the budget next year will see a deal in the new currency after deleting three zeros from the current currency, "indicating that" the process of switching the currency and delete the zeros will take nearly two years after the preparations for the process, which began over a year ago. " The answer that "the Council of Ministers approved during a meeting with the Governor of the Central Bank on the project to delete the zeros and switch Iraqi currency after deciding earlier to wait the project as a result of the high price of the dollar in the local markets over the past months," noting that "the project to delete the zeros and the currency exchange aims to restructuring of the Iraqi currency and a way that is consistent with doing business in Iraq, internally and externally. " She Najib that "the Finance Committee and the central bank agreed at its last meeting to be next year as the date to start deleting zeros and be balanced in 2013 in the new currency only if there is an obstacle transmitting without it," emphasizing "the need to support the government and parliament of the project to restructure the Iraqi currency." Naguib considered that "the reluctance of traders and companies for the use of the Iraqi currency and trading may push the central bank to adopt the project to delete the zeros", stressing that "this project would reform the system of currency management and ease of use." The Finance Committee was hosted in (26 June), Deputy Governor of the Central Bank the appearance of Mohammed Saleh to discuss the mechanism which will be followed by the bank in the process of deletion of zeros and how long this process and the variables that will occur on the currency exchange. A member of the Finance Committee Haitham al-Jubouri (15 May 2012) News, "The month of January of next year 2013 will witness deleting three zeros and currency exchange, will next September 2012, direct printing of the new currency in various categories. The central bank charged in (12 September 2011), government agencies of obstructing monetary reform and vowed the persecuting, blaming those entities responsible for exposing the financial interests of the country to danger. Regarded as an adviser to Prime Minister for Economic Affairs in the (25 August 2011), that the lifting of the zeroes from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering economic, warning of "mafias currency" is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes. Noteworthy that some economists believe that Iraq is currently formatted for the deletion of zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability. / 3 Update :: 07.03.2012 @ 19:55
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.