Archive for September 30, 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…)