Archive for July 6, 2013

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Financial: dinar improvement after Iraq emerge from Chapter 7


Banks began international circulation of Iraqi currency in the first signs of the withdrawal of Iraq from Chapter VII, in conjunction with the announcement of the Iraqi Central Bank high volume of reserves of Iraq from foreign currency to $ 76 billion in addition to the 30 tons of gold bullion.

says advisor to the Ministry of Finance Hilal Taan that “This reserve will help to raise the value of the Iraqi currency compared to foreign currencies and thus will contribute to reduce the prices of goods and commodities.”

and supports the currency reserves in the Central Bank of the Iraqi currency inside and outside Iraq, and that the increase in oil imports may directly contribute to increase the reserve and thus give more support of the Iraqi currency.

says economic expert Majid picture that “investing the surplus reserve as if he found must harnesses according to the policy of economic thought” and called on the House of Representatives to enact economic and development that will provide greater support for the Iraqi currency.

For his part, criticized a member of the Finance Committee parliamentary Ahmed electrodes laws and banking systems followed in Iraq, uncertain that the House of Representatives is determined to enact laws regulating the banking business in the future.

central bank had said earlier that Iraq is in control of his money and treasury of gold in the international banks also drew the bank to be out of Iraq from Chapter VII will give him freedom the largest to act and attract foreign investment.


Financial: improved after Iraq Dinar from Chapter 7


International banks began trading at the first signs of Iraqi currency to exit Iraq from Chapter VII, in conjunction with the Declaration of the Iraqi Central Bank, the high volume of foreign exchange reserves in Iraq to 76 billion dollars in addition to 30 tons of gold bullion.

And says Treasury Adviser Helal altaian “this reserve will help raise the value of the Iraqi currency, compared with foreign exchange and thus contribute to the reduction of prices of goods and commodities.”

And supports the Central Bank’s currency reserves, the Iraqi currency into and out of Iraq, and increased oil imports might contribute directly to increasing the reserve and give more support to the Iraqi currency.

Economist Mohammed Souri “the investment of surplus reserve if found to be used as a deliberate economic policy”, calling on the House to enact economic and development that will provide greater support to the Iraqi currency.

He criticized the parliamentary Financial Committee member Ahmed tracks laws and banking regulations followed in Iraq, confirmed that the House was determined to enact laws regulating banking in the future.

The Central Bank said earlier that Iraq controlling its money and gold in the Bank also drew global banks to exit Iraq from Chapter VII would allow him greater freedom to act and attract foreign investment.



Economic Commission: Deleting zeros from the currency and restructuring is necessary to support the country’s economic identity,especially after CH 7

Saturday, 06 July 2013 17: 15 | | |

{Baghdad: Euphrates news} the parliamentary Economic Committee pointed out that the deletion of zeros from the currency and restructuring is necessary to support the country’s economic identity, especially after the end of Chapter VII.

Committee members said mehma Khalil and Abdul Hussein abtan told a press conference in the Parliament building attended by correspondent {forat news} we are “on the parliamentary Economic Committee feel that the time is appropriate to start deleting zeros from the currency and restructured to support the country’s economic identity and for the benefit of the people.”

Khalil said that “after Iraq from Chapter VII, there are stations and many promising and substantial benefits to the country’s economy to support economic identity, Iraqi dinar, this case is purely economic objective of maintaining currency.”

Khalil called “Central Bank of Iraq to start deleting zeros of the Iraqi currency and restructured, adding that the project is an old Central Bank has demanded that the Government should wait until the appropriate time and today we see that the time has come to start this project.”

“As there is a clear constitutional provision provides for the issuance of coins and currency for economic purpose and benefit of the people, and today the Commission considers that the time is appropriate, given that there are promising the Iraqi economy to support economic identity, Iraqi dinar, the currency did not know her and promising future quotas.”

He said that “in light of the country’s great potential and promising economic stations, we hope to be the next financial budgets.”

The parliamentary Economic Committee member Khalil mehma “current currency large bloated latlik of the country and the people a strong desire to keep the Iraqi dinar to the dollar and other currencies compete.”

Member of the parliamentary Economic Committee on citizen Abdul Hussein abtan block has indicated that “the Central Bank said the reserves reached $ 76 billion and have Iraqi dinar befitting the country and these deposits and payments it is delete zeros and structuring currency has become an urgent necessity.”

“It is not reasonable to have Iraq reserve has reached $ 76 billion, and we are still dealing with 1,300 dinars to the dollar, then what is the benefit of these stocks and funds if not reflected positively on our citizens, where the unemployment rate is 7% and over 20% and the edge of the poverty line when more than 30%.

Abtan said “we believe that the Iraqi dinar must improve against the dollar as it is not true that the reserve of the country today has reached $ 76 billion Iraqi dinar at 1280 for aldollar”.

“The improvement in the status of the Iraqi dinar is reflected on the lives of citizens and the purchasing power and everything is in the country of goods is imported, so when the improved purchasing power will be reflected positively on his life and that’s what we expect from the Central Bank of Iraq”.

The “multiple revenue growth in the country is modest and simple compared to existing privileges and the evolution of the Iraqi economy depends on vision and management economic profile better than the current situation.”

He is a member of the parliamentary Economic Committee, Abdul Hussein abtan said that “Turkey and Lebanon were zeros from their currencies, so how about Iraq that owns this alahitati great argument was chapter VII and now has gone and removed, why keep the zeros”.

Abtan concluded that “an increase in the Iraqi dinar against the dollar is very vital to the citizen, which is not enough to have deposits of billions at the Central Bank against poverty and unemployment, weak purchasing power.”

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Economic parliamentary calls for the central bank need to delete the zeros

Demanded economic and investment commission parliamentary CBI, the need to delete the zeros from the currency after the withdrawal of Iraq from Chapter VII.

And MP Khalil Mahma said in a joint conference with members of the economic and investment commission he was “on the central bank to start a restructuring currency being a purely economic issue.”

He added that “Iraq is not the only country that deletion of zeros from its currency Previously Turkey and Lebanon has succeeded the stability of the economic situation.”

He said the “Constitution between the need to change the currency and delete as required by the economic situation for people Btmnfh”.


The parliamentary economic demands the Central Bank need to delete zeros
06-07-2013 01:14 PM

Baghdad (newsletter). The Commission has called parliamentary economy and investment of the Central Bank of Iraq, the need to delete zeros from the currency, after the ground had exit Iraq from Chapter VII.

Mehma Khalil said in a joint conference with members of the Committee on economy and investment Deputy Abd al-Husayn abtan and Abdul Salam Al-Maliki: Central Bank start a currency structure as a purely economic issue, stating that the Iraqi economy is coming out of Chapter VII masaya at the economy.

He added: that Iraq is not the only country to delete zeros from its currency it was Turkey and Lebanon have succeeded in stabilizing the economic situation sometimes deleted zeros from their currency. ‘

Drew: that old and zeros deleted the objections of the Central Bank and the Government of Iraq requested that wait till an appropriate time and after she tumbled out of Chapter VII all justifications for the implementation of this project.

And: that the Iraqi Constitution between the need to change and delete the currency required by the economic situation of the country, and for the benefit of the Iraqi people, Parliament and Government to support the country’s economic identity is expected to be the next budgets increase and prosperity after the investment companies to Iraq

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06-07-2013 11:52 AM

Baghdad (newsletter). The parliamentary Finance Committee member MP//abdulhussein Al-yasiri, the CBI to delete project zeros of the Iraqi currency, being ineligible to apply.

He said Al-yasiri told (News Agency): I am in favour of the supporters of deletion of zeros, and the Central Bank had confirmed that year (2013) are critical to raise zeros, adding: but the Bank says we are not qualified to present, to implement the project.

Explained: that the deletion of zeros has a rollover on the country, which will reduce the money supply, and contributes to the Iraqi currency be like other currencies, and accelerates treated Iraqi currency and reduce counterfeiting Iraqi currency, that the new currency would gain better than current technology.

Some economists believe that Iraq is now prepared to delete the zeros of the dinar, stating that deletion requires political and security stability alongside economic stability


13:25 07/06/2013
Finance parliamentary: the central bank behind the postponement of the project to delete the zeros

Baghdad – and babysit – A member of the parliamentary Finance Committee Abdul Hussein al-Yasiri, the Central Bank of Iraq in order to work a project to delete the zeros from the Iraqi currency, because he is not eligible to apply.

Yasiri said in a press statement I am a supporter of the project to delete the zeros, the central bank was confirmed that year (2013) is critical to the lifting of the zeroes.

He explained: to delete the zeros him Fouad on the country, which will reduce the money supply, and accelerates from dealing in Iraqi currency, as it will reduce the counterfeiting process, because the new currency will gain Takina better than the current

06-07-2013 06:15 AM

Baghdad (newsletter).Revealed general authority for free zones of the Ministry of finance is ready to welcome the world and Arabic and local investment free zones, in the Khawr al-Zubayr, and existing, and Nineveh.

He said General Manager Saleh Al-Qaisi morning: that free zones witnessed severely by global and local companies, especially after the announcement of the departure of Iraq from Chapter VII. (more…)

06/07/2013 14:45 Barzani in Baghdad tomorrow
Article 140 and the border between the provinces and the oil and gas law highlighted the files held by Barzani

Government source confirmed earlier that the head of Iraq’s Kurdistan region, Massoud Barzani, starts tomorrow, Sunday, a visit to the capital, Baghdad looking with Iraqi Prime Minister Nuri al-Maliki pending issues, economic and political security.

The source said “obelisk” on condition of anonymity that “Barzani will visit Baghdad at the head of a delegation representing the local government in the province tomorrow and will meet Prime Minister Nuri al-Maliki.” (more…)

Saturday, 06 July 2013 09:00 | | |

Baghdad (AIN) –A member of the Parliamentary Provinces not associated to Regions’ Committee assured that “The law of Borders Demarcation for Provinces will be included within the agenda of the Parliament for the first reading.”

The law stipulates that “The provinces will regain its borders before the Baath era, which means the 1960th of the former century, and this law will abolish some of the provinces that used to be districts or sub-districts at that time.” (more…)