Archive for March 1, 2012

Posted 28/02/2012

Detect Iraqi Central Bank Governor of the Bank during the coming period to cancel the zeros of the Iraqi currency in order to absorb the inflation of the Iraqi market as well as reducing the size of the Iraqi currency currently in circulation is an existing project will see the light in the coming days.

after the completion of it, pointing out that there is an integrated study on the matter and in the final stages of discussions, the decision was taken and must be submitted to the relevant authorities for the purpose of legislation by the House of Representatives and the Council of Ministers.

Dr. Shabibi in an exclusive interview with (the people) shall be published later that the removal of zeros from the Iraqi currency at the moment was inevitable and will contribute to facilitate the work of the government and Atathirat real current economic situation, stressing that it will be canceled three zeros from the current currency will be printed six to seven categories of a new Iraqi cash.

(more…)

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01 March, 2012 01:10:00

Advisor to the Iraqi List, said Hani Ashour said the list to consider carefully the visit of Prime Minister Nuri al-Maliki expected to Kuwait and hopes to contribute to the flourishing relations to remove Iraq from Chapter VII and the resolution of all differences between the two subjects. (more…)

Posted 01/03/2012 07:34 AM

BAGHDAD – Babinaoz (Reuters) – A source parliamentary beginning, that the President of the House of Representatives Osama Najafi will visit Kuwait on the fifth of March next, to attend the Federation of Arab parliaments, while likely to be put Nujaifi during his visit to the issue of developing a relationship between the Parliament of Iraq and the Kuwaiti National Assembly.

The source said in an interview for “Alsumaria News”, “House Speaker Osama Najafi, will visit Kuwait on the fifth of next March to attend the conference ‫ Federation of Arab Parliaments to be held in Kuwait in the period 5-6 March 2012.” (more…)

Editor: NK Thursday 01 March 2012 13:47 GMT

praised the Secretary-General of the League of Arab States Nabil el-Arabi, on Thursday, the actions taken by the Iraqi government to secure the Arab Summit to be held in Baghdad 29 March, as he emphasized that the university has assurances that the Arab presence in the summit would be “a high level.”

said the Arab In a press conference on Thursday in Cairo and attended by “Alsumaria News” “The arrangements made by the Iraqi government, including security measures are very good,” noting that “there are many delegations from the Arab League visited Iraq to see these arrangements.” (more…)

BAGHDAD / Baghdadiya News / .. Expert called to the economic restructuring of the Iraqi dinar currency in conjunction with the switch and delete the zeros of the categories of cash through the issuance of large Bokiem said it will raise the rates of circulation of the national currency and reduce inflation.

The economic expert as Anton told / Baghdadiya News / the need to “re-structuring of the local currency and its composition with the release of the new currency after deletion of zeros, through the issuance of classes of the Iraqi currency Bakiem great for reducing the burden of the number of banknotes of the currency which will lead to increased trading currency local, “explaining that” the absence of domestic production and dependence on imports is the reason for the large number of the dollar but there is another reason can not be underestimated is the lack of categories Bokiem large currency, citing his call for end of life inclusive of the coin current in the market after more than seven years “. (more…)

Research and Finance Minister Rafie al-Issawi in the presence of MP Ahmed Chalabi with the directors of private banks and private companies the main obstacles facing them.

A statement by the Ministry of Finance, the Agency has received all of Iraq [where] a copy of it on Thursday that “al-Issawi said its full support for the various areas of the private sector and especially the banking sector, pointing to the role of the banking sector in building the Iraqi economy and promote investment opportunities in the country.”

He added that “al-Issawi agreed with those present on the audit work of private banks and companies by international companies to develop a reliable work of these banks and increase their effectiveness.”

http://bit.ly/AB4guT

03/01/2012

Revealed Deputy Prime Minister Ruz Nuri Shaways yesterday for a new strategy to revive the Iraqi economy.

Shaways said during a conference on Iraq in the Indian capital New Delhi that “after the change that our country experienced in 2003 and subsequent new directions in economic, social, political and cultural, has been the trend towards a radical reconsideration of the economic policy followed in the country.”

(more…)

He called for a coalition of state law Haitham Jubouri officials to invest the Arab summit scheduled for late next month, Iraq’s debt in the liquidation of some Arab countries.

It is scheduled to take place the Arab summit in Baghdad late next month after it was supposed to take place last year but was postponed to March of 2012 at the request of Iraq. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 1-MAR-2012. 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$) 201,600,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 201,600,000
Total offers for selling (US$)