Archive for July 30, 2013

26 Jul 2013
Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency “reset” project, which would delete three zeros from the currency. Controversies were there regarding the feasibility of this project and some of the experts have opined that it will take a long to implement.

The Parliamentary Economic Committee thinks that deleting zeros from the Iraqi currencies would lead to strengthening Iraqi economy. However, the Finance Committee is worried about the project aftermaths as it may bring a lot of counterfeit operations. (more…)


29 Jul 2013
It has been presumed that the fall of economy or Iraqi dinar price is not a big concern now. After a few efforts and withdraw of the chapter VII sanctions, Iraqi dinar price has become stable to some extent.

With the rise of economy of the country and growing foreign investments in this region, Iraq has been anticipated to do well in future days, as opined by the team of experts. (more…)

30/07/2013 13:44

informed banking sources said that the report on the acts of the Executive Board of the International Monetary Fund last May endorsed the central bank’s target Iraqi central goal of liberalization of the foreign exchange market. (more…)

Finance Committee: 2016 budget will exceed 188 trillion dinars

BAGHDAD / JD / .. announced the Finance Committee in the House of Representatives that the 2016 budget will be more than 188 trillion dinars.

Committee member said Magda al-Tamimi told the reporter / JD / within the Committee prepared for the budgets of Iraq strategy for the years 2014, 2015 and 2016 to be identified last year’s budget up to 188 trillion and 188 (more…)

“Financial” parliamentary budget anticipates the arrival of 2014 at an early date .. And demanding to participate in the preparation

Posted on Monday, July 29 / July 2013 14:05

I expected a member of the parliamentary Finance Committee, on Monday, the arrival of the draft federal budget for the year 2014 at an early date, compared to previous years, demanding the participation of the House of Representatives in their preparation. (more…)

Tuesday, 30 July 2013 13:43 | | |

Baghdad (AIN) -The British Newspaper, the Guardian, described the Premier, Nouri al-Maliki, as “A disastrous leader, subverting the constitution to concentrate power in his own hands, to exclude the Sunni minority and potentially to threaten the so far peaceful Kurdish north.” (more…)

Dry: the financial sector need a clear policy to support the economy

30/07/2013 12:00 AM

said Director General of Commercial Bank of Iraq (TBI) Hamdiya dry that the financial sector in Iraq has the potential of thing a lot, but it need clear policy orientation towards the destination sound from which to be able to contribute effectively to support the Iraqi economy. (more…)