Archive for July 23, 2013

Screen Shot 2013-06-28 at 7.52.08 PM| on 07/23/2013

Expected number of experts, finance and economy collapse of the dollar is not at the global level because he is still master of the currencies in most countries of the world but at the level of the exchange rate in Iraqi dinars, we hope for the return of Iraqi dinar exchange rate against 3.3 dollars as it was, but this dream difficult to achieve and fetched it is can be achieved in the light of the global variables but can be achieved to get equal to the price of any one dollar against the dinar . (more…)

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CBI: A new plan to withdraw and replace damaged currency

7.23.2013

59624c79cf4b8e4779fc1993fd87b008Grumbled a large number of citizens across the country from the growing phenomenon of damage and rupture of small groups of paper currency, with the central bank announced a plan for the withdrawal of banknotes damaged and replaced with new ones.

Observers said: “The problem of damage and rupture of the categories of banknotes 250, 500, 1,000 dinars worsened significantly within the past few months and that most of the current banknotes of these categories damaged and torn, which can cause sometimes often Baharajat and problems.” (more…)

International Monetary Fund

recommended report issued by the International Monetary Fund for Iraq pace of structural reform to boost growth and job creation in the private sector, and the need to continue the good governance of foreign reserves at the Central Bank of Iraq and the Development Fund for Iraq.

The report recommended that display the Resident Representative of the International Monetary Fund for Iraq Ghazi الشبيكات during a press conference held at the Iraqi Business Council in Amman to “accelerate the pace of structural reform to boost growth and job creation in the private sector and the intensification of work for the Liberation of the foreign exchange market and the creation of a stable exchange rate and simplify the instructions of foreign currency . ” (more…)

D. Sinan Shabibi Mohammad Reza *: determine the exchange rate .. Initiatives banks is good, but monetary policy is the foundation
– POSTED ON 07/21/2013

The central bank faced some problems at the beginning of 2012 represented an increase demand for the dollar as a result of the withdrawal of U.S. forces and increasing regional demand, especially by Syria and Iran. Has such a sense of economic shock led to a large increase in demand for the dollar and thus rising amount of foreign currency auction. The phenomenon of external shocks is not strange in developing countries, it is a fundamental property of their properties because of the openness of their economies to the outside. The face of these shocks take a long time which fluctuates affected by the exchange rate and other economic variables. (more…)

23-07-2013 12:51 PM

Baghdad (newsletter). The economic information center said Muhammad Ali Dergham, the continued sale of US dollars from the auction of Central Bank by market need to tighten control over the sale process will enhance the stability of the dinar exchange rate against the dollar. (more…)

Text amend the Customs Tariff Act

23/07/2013 12:00 AM

publishes the «morning» the text of the law of the second amendment to the tariff law No. 22 of 2010, the rate at which passed the House of Representatives at its meeting on Monday.
The following is the text of the law: as the People’s presidency based on what passed the House of Representatives and approved by the President of the Republic and pursuant to the provisions item (i) of Article (61) and item (iii) of Article (73) of the Constitution. (more…)

Tuesday, 23 July 2013 12:40 | | |

Baghdad (AIN) -MP Aziz Sharif al-Mayahi, member of the parliamentary Economy & Investment Committee called the Central Bank of Iraq to support the private banks to boost the investment sector. (more…)

Called a member of the Committee on Economy and Investment parliamentary Aziz Sharif Mayahi the central bank to support private banks to encourage inward investment.

Mayahi said in a press statement that “economic development in continuous progress and private banks are considered one of the most important pillars of the introduction of investment and development projects, and should be for the development of the domestic economy to support those banks in every way official and legitimate.” (more…)