Archive for September, 2013

30-09-2013 07:19 AM
Baghdad (newsletter). The Executive Director of the Association of private banks Abdul Aziz Hassoun, the private banks has helped the Central Bank to cut the dollar exchange rate dinar in local market after its commitment to help the Central Bank to sell hard currency.

He said Hassoun (News Agency): community banks applied and all instructions issued by the Central Bank, particularly with regard to the sale of foreign currency, so they sold the dollar price approximates the official rate of the Central Bank. (more…)


Iraqi economy fell by 2.3%

Posted: September 30, 2013 in Iraqi Dinar/Politics

September 30, 2013

Suggested by the Ministry of Planning’s economic growth dropped by 2.3% from the rate recorded last year to 8.2%.

The economists have warned Iraq suffered its economy at risk because of its reliance on revenues of oil alone, and that the continued deterioration of the security to the injury of the economy paralyzed and declining investment, as expressed dealers and retailers, in Baghdad for fear of the impact of security implications and the Syrian crisis on the economic situation, and higher prices for food and consumer goods which reflected negatively on the citizens. (more…)

September 30, 2013
Amounted to a source in the Iraqi Ministry of Finance announced today that his ministry has completed the preparation of the draft budget for the country, and sent it to the government as a prelude to discuss the clauses at a future meeting, and forwarded to the House of Representatives for discussion and approval.

He pointed to the size of this budget, which are described above in the history of Iraq between previous budgets, will reach 174.6 trillion Iraqi dinars (150.1 billion dollars) on the basis of calculating an oil price of 90 dollars per barrel, as it is expected that the volume of oil exports for next year to 3.4 million barrels daily. He explained that the next budget than its predecessor in 2013 at about 36 trillion dinars (30 billion dollars). It is noteworthy that the U.S. dollar is equal to 1160 dinars. (more…)

09/30/2013 12:00 AM

In order to create a banking sector advanced
discuss a number of bankers on the second day of the conference, the Iraqi banking the first ways to improve reality of banking, particularly with regard to legislation governing the functioning of commercial banks, Islamic and propose remedies needed to address the determinants of development, especially after he expressed his head

Minister ready to support the banking sector legislatively and administratively.

called a member of the Finance Committee MP Abdul-Hussein al-Yasiri, the need to use global organizations and international experts to update the mechanisms used in the process of combating money laundering in the country.

He said Yasiri in Tsrihs of the news that is the subject of money laundering and wide and Michaúk and needs international expertise to modernize the organs and mechanisms adopted by the Central Bank and the departments of the Ministry of Interior for the purpose Kavanh. (more…)

30/09/2013 – 12:36

Alsumaria News / Baghdad MP for the National Bloc white Kazem al-Shammari, Monday, the House of Representatives extended legislative term the current month, as pointed out that if the arrival of budget 2014 to the Parliament will be in permanent session until the vote. (more…)

30/09/2013 15:18
Tomorrow Press / Baghdad: chaired the Minister of Construction and Housing Mohammad Darraji, on Monday, the delegation of the ministry participating in the meetings of the projects the World Bank in Turkey, indicating that there is a joint cooperation between the Ministry and the World Bank. (more…)


The Central Bank of Iraq, as in other countries of the world, the management of the national currency and maintain the value and size of rolling them.

The central bank also oversees the commercial banking system. Unlike the Commercial Bank, the central bank has a monopoly to increase the money supply in the country or be reduced, which is that prints paper currency and metal coin. (more…)

said the Iraqi Central Bank, on Sunday, to discuss the report of the Arab Monetary Fund, noting that it came within the work session usual 37 Board of Governors of the central banks and monetary institutions Arabic. ,

the bank said in a statement issued today, and received “Alsumaria News”, a copy him to “Bank discussed the report of the Arab Monetary Fund and the draft reports of the Arab Economic consolidated in 2013, the agenda of the Board of Governors of the banks.” (more…)

Integrity Commission revealed the presentation made by international companies to recover Mawal smuggled from Iraq in return for up to 10% of the amount recovered.

While confirming that international banks refuse to help us in any information about the money that had been developed and deposit account number and not specific names. (more…)

The Deputy returned to delay the activation of economic laws lack the expertise to work

29-09-2013 11:46 AM
Baghdad (newsletter). Member of the Economic Committee returned MP for//almerapi, because the activation of economic laws lack sophisticated enough experience to manage a free-market economy.

Almerapi (aakhbaret Agency): failure to activate economic laws as protecting the product and consumer, and tariffs customs, etc, is because of the confusions to deal with these laws after the transformation of our economy from a totalitarian to a free market. (more…)

Required to pass a law economic reform

09/29/2013 12:00 AM

BAGHDAD – morning
called for a specialist to the need to pass the draft law on economic reform during the remaining life of the legislative session parliamentary current, to contribute to the increase and growth of the local economy. (more…)

09/29/2013 12:00 AM

BAGHDAD – Farah pumice
increased calls for specialists to points of the legislative and executive branches need to activate the legislation of laws that support the local economy and encourage investment in several areas, as well as laws that safeguard the process of free competition in the fields of trade, industry and agriculture.

economic expert, Dr. Majid picture he felt “there is no understanding integrated market economy, because it does not mean that the private sector only, but the contribution of the public sector in it. said Suri (morning): “The package of laws needed to encourage investment and national output is disabled or legislator, because the main objective to encourage them is to activate the legislation of these laws investment and improve the local economy. (more…)

September 29, 2013

Parliamentary Finance Committee revealed that the draft budget for 2014 sent from the Ministry of Finance to the General Secretariat of the Council of Ministers reached 174 trillion and 649 billion dinars, pointing out that the budget included an increase from the previous one in 2013 by more than 36 trillion dinars.

Draft budget for 2014 allocated $ 15 trillion and 910 billion dinars, local and international debts, including compensation of the State of Kuwait, which amounted to 6 trillion and 511 billion dinars, while the budget of the Kurdistan region 18 trillion and 936 billion dinars. (more…)

Said an adviser to Prime Minister Nuri al-Maliki that Iraq played a significant role in the convergence of views between the United States and Iran, noting that the dial between President Barack Obama and Iranian President Hassan Rohani will be the start of a positive in enhancing security in the Middle East region, and expressed Iraq’s readiness to provide more initiatives to support the rapprochement between the two countries.

The adviser Ali al-Moussawi said in an exclusive interview with “New Morning” that “Baghdad welcomed the dial-up collection Obama Brohani”, following that “Iraq was constantly seeks to find a balance in the region between the United States on the one hand and Iran on the other hand.” (more…)

Some nervous manipulation of the status of the dollar as a reserve currency because of the economic decisions of Congress and the political.

BAGHDAD / Obelisk: A report published by the newspaper “New York Times”, the U.S. holding period of time until the year 2012, saw the value of the U.S. currency fell in the world’s reserves of 70.5 per cent to 63.1 per cent.

The report said that “U.S. policy is now in worse shape than it was in the period prior to the debt ceiling crisis in 2011, as the bond markets are looking forward to the possibility of rising national debt, above the ceiling set by Congress.” (more…)

Finance parliamentary looking with representative of the World Bank mission a number of issues related to the Iraqi economy
Saturday, September 28 / September 2013 15:06

Parliamentary Finance Committee considered with Mary Helen represented the World Bank mission in Iraq, a number of issues related to the Iraqi economy and its importance in absorbing and creating jobs.

According to a statement of the Commission has received all of Iraq [where] a copy of it today that “MP Haider al-Abadi Chairman of the Finance Committee met last Thursday in his private office at the headquarters of the Commission, Mary Helen representative of the World Bank mission in Iraq During the meeting, they discussed a number of issues related to the Iraqi economy and its importance in absorb and create jobs and give a greater role for the private sector. ” (more…)


Dollar exchange rate will remain conservative at the same level until the end of the year

BAGHDAD / JD / .. economic analyst predicted the survival of the U.S. dollar exchange rate stability for conservative until the end of the current year, while stressing that the exchange rates of the dollar in Iraq depends on the internal situation due to the massive oil and pump increase salaries prices. (more…)

Sale of crude oil in local currency

09/25/2013 12:00 AM

said researcher economic state fair: that of Iraq to sell crude oil in local currency depends on the stability of the general situation of the country as well as the stability of the dinar exchange rate and recorded as currency global.

said in a statement (morning) that the moment is appropriate to take such a step because stability currency linked to the stability of the economic situation and the country’s public, as well as that any fluctuation is happening in global oil prices will directly affect the value of the Iraqi currency. (more…)

Maliki calls for review of laws “hinder the work of private banks” and calling on the government to bank balance

Author: HH, HUA

Range Press / Baghdad
Called Iraqi Prime Minister Nuri al-Maliki on Saturday, reviewing legislation and laws that hinder the work of private banks, “calling on the central bank to” coordination between private banks and government “, while stressing bank on the need to” support the government’s domestic banks and give a chance for a balance between everyone. ” (more…)

Kuwaiti newspaper: Obama refused to meet with al-Maliki in Washington for the discomfort of his administration and the dimensions of the impression his support in elections
Saturday, September 28 / September 2013 10:59

Kuwaiti newspaper revealed a source familiar with administration rejected a request to Iraqi Prime Minister Nuri al-Maliki to meet with U.S. President Barack Obama on the sidelines of the General Assembly of the United Nations in New York. (more…)

28-09-2013 10:28 AM
Baghdad (newsletter). The Economist described Majid mock, inflation to acceptable security conditions and political and economic Iraq.

Mock said (News Agency): there are many factors leading to the uniforms of the inflation and high wages, prices of consumer goods and durables, but the height is high normal and acceptable. (more…)

Central Bureau of Statistics, yesterday, for the stability of the annual inflation rates in Iraq over the past three years at a rate of 2.5 percent, attributing this to the performance of key institutions, including the central bank and monetary policy, which it supports.

The director of the Central Bureau of Statistics and Information Technology, Deputy Minister of Planning and Development Cooperation, Mahdi Keywords, in an interview to (range Press), “The inflation rate in Iraq has seen in the last nine months of 2013, the current, stable with a slight increase too.” (more…)

24-09-2013 10:33 AM
Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, the Central Bank takes measures and controls to support the stability of the dinar against the dollar.

Najib said (News Agency): that the Central Bank intended to make Iraqi dinar rather stable against the dollar, especially in this difficult period, indicating that the measures taken by the Central Bank to cover the value of the Iraqi dinar. (more…)

25-09-2013 10:37 AM
Baghdad (newsletter). The Economist accused Habib Al-gully, the States surrounding Iraq and collapsing economically, of trying to sabotage the Iraqi economy by counterfeiting and pull the dollar out of the Iraqi market.

He said Al-Goli (News Agency): the cases of counterfeit currency impact directly on the Iraqi economy, and must be eliminated as the largest form of corruption. (more…)

Economists attributed the growth of gross domestic product (GDP) in Iraq to the oil activity and of increasing its imports, as well as the contribution of the commercial sector.

This comes at a time when announced the Ministry of Planning in late August that the rate of growth of the Iraqi economy is about 9 percent during the current year.


27/09/2013 11:14

Gather indicators pointing to intersections US-Iran formed key factor in assigning power to the current Prime Minister Nuri al-Maliki three years ago, fell سقوطا full, and at a distance of a few months of elections in 2014 parliamentary elections, everything indicates that the accounts after the battle does not look like what came before.

Recent evidence of this fact can touch of Nuri al-Maliki himself, who canceled at the last minute trip that he intended to do to New York because Barack Obama apologized for the second time in less than a year for a meeting, even though the atmosphere US-Iranian better than ever, Since more than ten years. (more…)

09/26/2013 16:40:002

The member of the Commission on oil and energy MP Qassem Mohammad, on Thursday, the political parties to expedite the adoption of the law of oil and gas, and criticized the remarks Shahristani recently, confirming that it does not serve the relationship, but complexity of the problems, and pointed to the existence of 3 positive points in favor of the Kurdistan Region in the oil sector.

said Rep. Mohammed said in a statement particularly for PUKmedia, today Thursday, 09/26/2013: “The rapid adoption of the law of oil and gas, and take it out on the shelves of the House of Representatives is in the interest of the people,” and urged the federal government put pressure on the Council to legislation law before the end of the current parliamentary session. (more…)

Expert: establishment of the Council of economic reform the national income rather than relying on oil
26-09-2013 11:32 AM

Baghdad (news) .. Called an expert in economic development Amer jeweler, the House of Representatives to speed up the vote on the draft law of economic reform and the establishment of the Council of economic reform as soon as before the end of the current parliamentary session, of their importance in supporting the Iraqi economy and its development. (more…)

26/9/13 12: 00 am

Assurances of the importance of banking partnership between the public and private sectors

The banking sector is heading towards the diagnosis of the most important challenges that confuse the reality of development banking in the country, stressing the importance of money banking cooperation experts between the public and private sectors to reach the ideal working environment for all economic sectors. (more…)