Archive for July 12, 2013

Screen Shot 2013-06-28 at 7.52.08 PMCitizen suffers from persistent volatility .. Economists: the central bank set a new price of the dinar against the dollar to maintain its strength
Ali Salman – 07/11/2013 – 9:07 pm

Observers expect in economic affairs that the Iraqi dinar has a promising future, especially after the exit from Chapter VII, so it requires the central bank to take bold steps to work on identifying a fixed price of the dinar against the dollar through the auction of currency to avoid volatility continued in the dinar exchange rate, as a student a member of the Economic Committee deputy parliamentary Mahma Khalil, the central bank set a new price of the Iraqi dinar against the dollar coin, there must be a real rate of the dinar. (more…)



Demanded the parliamentary Finance Committee’s central bank on Thursday, provide guarantees prior to the deletion of zeros from the Iraqi currency, in order to avoid forgery.

The Chairman of the Finance Committee, Haider al-Abadi, told the “Awan”, “The switch more than 34 trillion Iraqi dinars, not an easy process,” noting that “the Finance Committee and the government demanded the Central Bank to provide guarantees to reduce fraud and money laundering operations.” (more…)

The Secretary-General of the United Nations Ban Ki-moon was “still in front of Iraq a number of commitments it fulfilled before leaving under Chapter VII, which threatens Iraq with sanctions and possible military action if it does not stick out as well as continue to pay around $ 11 billion through 2015, compensation for the damage caused by the invasion of Kuwait. ” (more…)

BAGHDAD — The Iraqi banking sector is set for significant earnings and asset growth over the next decade driven by a strong macro environment, increasing credit penetration and the improving security situation in the country, a new report released by Sansar Capital Management LLC said.

With the International Monetary Fund (IMF) forecasting Iraq’s GDP to grow at a rate of 9 percent in 2013, the banking sector in particular is expected to maintain steady growth over the next few years, the report said on Thursday. (more…)

Baghdad (newsletter). Economic expert Ghazi al-kinani, the deletion of zeros is vital but the timing was not appropriate.

He said Al-kinani (News Agency): the project delete zeros now not appropriate for security reasons and in addition to political vulnerability to currency counterfeiting.

He added: the process of deleting zeros will have a bad psychological effect on people with tremendous difficulty coping with the new currency will have a million dinars dinar only in the process of debt repayment. (more…)

Oil parliamentary: Iraq needs oil refineries and the 12 refinery in the country does not fill the need

Between a member of the Commission on oil and energy parliamentary MP / mass change / Bayazid Hassan, that Iraq needs oil to refineries for the purpose of bridging the daily needs, and what now owned refinery of 12 is sufficient for this purpose.

Hassan said: The 12 Mustafa has three big ones in Bhristi session in Baghdad and Basra, and production of all refineries almost 704 thousand barrels per day, noting: that Iraq needs to quantities gasoline, oil and other oil derivatives. (more…)

Kuwait stresses near the re-44 Iraqi artifacts

07/11/2013 12:00 AM

Within the framework of increasing cooperation between the two countries revealed the Ministry of Tourism and Antiquities closely re-Kuwaiti side 44 relics Iraq entered its territory illegally since 2004.

said Director recover antiquities ministry’s Abbas al-Quraishi’s (Center Brief for the Iraqi Media Network) A delegation technicians from the ministry said during implementation visit to Kuwait last June the ownership of the 44 relics to Iraq, pointing out that cutting is a number mud and seals cylindrical and a set of jars and plates pottery, dolls stone and a number of coins and pendants, earrings and rings gold belonging to different civilizations Iraq., (more…)