Archive for September 29, 2013


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…)