CBI suggests GOI form joint committee to study the deletion of zeros from the currency

24/05/2012 0:00

gave the central bank, yesterday, a proposal to form a joint committee shall study the decision to delete the zeros from the currency.

The deputy governor of the Central Bank of the appearance of Mohammed’s “Centre news for the Iraqi Media Network” yesterday: The proposal, sent to the Government for the formation of a committee to study the application of the decision to delete the zeros from the currency, comprising representatives of the Central Bank of Iraq and the Council of Ministers and Vice specialists from Parliament.

The return of the dinar to trade after the global coverage by $62 billion

22.05.2012 0:00

economist said that the dinar returned to the circulation of a new global financial markets for covering cash reserve of 62 billion dollars.

said economist at the Ministry of Finance Crescent Taan to increase oil production and rising gross national product of Iraq ahead with great support of the Iraqi dinar, which granted the power to enter into global capital markets trading.

Dr. Chalabi, US Ambassador discuss renewal of immunity to the Development Fund for Iraq, DFI

17/05/2012 : Date

HE Dr. Ahmed Abdel Hadi Chalabi, head of the Iraqi National Congress yesterday the U.S. ambassador to Iraq, James Jeffrey and Deputy Assistant Secretary of State for Iraq, Barbara Leaf in his office in Baghdad.

Kurdish MP: Maliki will remain in power for the next two years

Kurdish parliamentary source revealed that next Wednesday will hold a meeting in Baghdad between the National Alliance and the Kurdistan and the Iraqi List, to discuss the current political crisis in the country, likely major-party agreement to keep al-Maliki for the next two years.

CBI calls for economic reform for the country and reduce dependence on government

Erbil, May 23 / May (AKnews) – The head of the Central Bank of Iraq Shabibi today that the Iraqi economy needs to be reformed to reduce its dependency on the government, where you should pay more attention to non-oil sectors of small, he said, adding that he does not need to encourage the private sector.

The network quoted France24 French, quoting Shabibi, who heads the organization since the mid-2003 as saying: “We rely entirely on the government to provide employment opportunities, and the provision of development (…) where there are a lot of people think that the development of non-oil sector will take a long time, Perhaps the easiest way to go.

Shabibi: The government is expanding too; CBI calls for laws to restrictions on the private sector

23.05.2012 0:00

As stressed by Prime Minister Nuri al-Maliki “the need not remain the Iraqi economy dependent on oil revenue only.” However, he did not take away to put forward a true vision when stressed his government’s determination to work “to invest our revenues oil that meet the increasing rise in the development of other sectors in order to reach a diverse and stable economy is not subject to the requirements of oil and gas prices.”

CBI’s Saleh: Dropping zeros from currency represents progress, freedom, and propserity

Central: Open the windows of the Rafidain and Rasheed reduce the exchange rate of the dinar against the dollar to 4%
23/05/2012 PM

Reduced the open windows of selling the dollar in the Rafidain and Rasheed of the low exchange rate of the dinar against the dollar to 4 percent, compared to the exchange rate difference of about two weeks ago.

Adviser to Maliki: Prime Minister will not resign at the height of his popularity

05/23/2012 12:30 PM
Said media adviser to Iraqi Prime Minister Ali al-Moussawi said al-Maliki would not resign and that this matter out of the question is at the height of his popularity.

Iraq: the high value of the dinar against the dollar after the regulatory action

23/05/2012 16:06

Baghdad, May 23 / May (Rn) – The Finance Committee representative on Wednesday that its proposal submitted to the Central Bank of Iraq on increasing the number of agencies responsible for the sale of hard currency (bank Rafidain and Rasheed) which was applied during the last few days has contributed to raise the value of the dinar against the U.S. dollar .

CBI denies the existence of money laundering

23-05-2012 08:00 AM

Denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, a money-laundering and dealing with banks that are in accordance with the law, pointing out that the sale of more than three billion dollars in the past month of April is normal .

Saleh said in a statement to ‘Twilight News’ The rate of sales of the month of April if more than three billion dollars, it may take the form Moderate rates compared to last year, adding that the situation this year is different from the past in relation to the terms and conditions set by the central bank for traders Iraqis in purchase of foreign currency ‘.

White bloc: the question of withdrawal of confidence from Maliki’s government is now generating a conflict in Iraq

23/05/2012 15:40

Erbil, May 23 (Rn) – A white block on Wednesday, that the issue of withdrawal of confidence in the Maliki government now generates a conflict between the political blocs, but it is not a struggle and national struggle, but my party.

The MP for the Iraqi Hussein Shaalan, said in a statement to the newspaper term, Baghdad on Sunday (5/20/2012), “The Sayyid Muqtada al-Sadr insisted in the meeting of the leaders in Najaf, to set a deadline of one week to the National Alliance to end the political crisis unresolved, and the answer to the letter of the leaders of Erbil meeting “and said,” The lesson is not in the limit as far as carried by the other party of good intentions out of the crisis. ”

CBI: our goal to reduce prices and raise the value of the dinar

05/23/2012

An official at the Central Bank of Iraq that “the goal is to reduce the Bank’s President and response rates of inflation.”

CBI confirms that inflation indicators is troubling

05/23/2012

The Central Bank of Iraq’s annual inflation rate that the base is still worrying, declaring that it rose to 6.7% for the month of April.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told a news briefing, said that “the foundation’s annual inflation rose in the month of April, to 6.7% compared with the annual inflation basis for the month of March, who scored 6.2%, up by 1.0%.”

CBI T-Bill Auction May 22, 2012

The auction No. C59 for Central Bank of Iraq bills based on a uniform price auction for IQD 150’000’000’000 par value for the bills  concluded on 22-5-2012.

The total public bidding is IQD 317’500’000’000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 5.00%.

Accumulation of financial capital (negative) and the axes of ideological conflict in Iraq’s economic policy

05/23/2012 0:26

d. The appearance of Mohammed
to the extent that has led the oil revenues, and accumulations, Ktheroh financial capitalism of the state, trends and topics of monetary policy in the framework of the so-called effects of monetary fiscal policy (whether in the dominance of public finances to create a cash basis to the Central Bank or the accumulation of foreign reserve of the Central Bank of Iraq being a the cover of the national currency in circulation outside the Central Bank), these effects of monetary public finance has become clear in making the idea of the independence of the central bank (from my personal view) is a preference for second best Second, instead of being the preferred first as you want monetary policy to the dominance of state capitalism of financial development the movement of money overall in Iraq and adjust or monitor trends in monetary and development and consumer according to an ideological hybrid imposed by the present condition and state of the economy, as an extension of the phenomena of the rentier state central.

Economist: Need to join the global economy will revive, and comes to investments

On: Tuesday 22/05/2012 19:02

Called economic expert Majid picture to the need to search for Iraq’s accession to the WTO as it would make a movement of economic and large investment in the country. Said the picture in a press statement on Tuesday:

World Bank puts his plan to run Iraq’s economic affairs for the next 4 years

22/05/2012

Baghdad: JD said the World Bank prepared a plan for the next four years with regard to economic affairs of Iraq, and will identify areas of cooperation according to the priorities of the Iraqi government.

This came during a meeting with Deputy Prime Minister Dr. Nouri Shaways Roژ in Baghdad today / Tuesday, Mr. Hadi Arab Regional Director of the World Bank and the delegation accompanying him.

Expert: the need to join the World Trade Organization

On: Wednesday 23/5/2012 6:12

called economic expert Majid picture to the need to search for Iraq’s accession to the WTO, they will make there is economic activity and substantial investment in the country.

said the picture according to the Agency (news): The WTO is made up of a coalition of countries, a global advanced in all fields Kalsnaaah economic, agricultural, commercial, and the accession of Iraq to gain him the experience of those countries to develop its economy, adding that it would allow Iraq to deal with these countries and cooperation among them.

CBI Daily Currency Auction: May 23, 2012

The latest daily currency auction was held in the Central Bank of Iraq on the 23-MAY-2012. 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$)	193,623,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	193,623,000
Total offers for selling (US$)	—–

Exchange rates

Iraqi sources: Maliki agreed to consult with political leaders in Mosul

Iraqi sources familiar with the Agency (UR) for the approval of Prime Minister Nuri al-Maliki to meet five-year consultative meeting in Mosul the next meeting which is scheduled to chair a meeting of the Maliki cabinet in the province of Nineveh, during his meeting with President of the Republic Alakhia Jalal Talabani.

Vietnam’s Growth Outpacing Asia as Banks Chase Deals

VietFinanceNews.com – Investment-banking fees in Vietnam may jump at least 25 percent this year as the country’s government steps up a push to sell assets and foreign companies accelerate acquisitions, according to Credit Suisse Group AG. (CSGN).