Archive for October 12, 2013

Screen Shot 2013-02-16 at 12.22.47 PMFlashback Article: Iraq Said To Be Planning Currency Overhaul, Redenomination (June 2011)

11/10/2013

Raised the issue of deletion of zeros from the Iraqi dinar and promoted by the central bank in recent times a lot of talk among professionals about the economic feasibility and its impact on the Iraqi economy, has reported advisers at the central bank that the deletion of zeros will help to alleviate the Event inflation suffered by the Iraqi economy where This action will help to reduce the money supply in the country, which according to them is one of the causes of inflation arguing that the timing is so suitable for the stability of the Iraqi economy, which is experiencing a stable dinar exchange rate against foreign currencies. (more…)

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447801Central Bank attributed the presence of the scarcity of good in paper currencies to the weakness of “mechanism” to receive damaged

11/10/2013 19:28

He attributed the Central Bank of Iraq, said Thursday there is scarcity in Banknotes good with small category in the markets to the weakness in the mechanism of receiving damaged, and pointed out that “careful” not to treat citizens or markets currencies damaged, because it works to continually replace, while confirmed having confounded much of those currencies potable ready to put up for trading. (more…)

Economist calls for the adoption of the oil and gas reserve of the Central Bank economist

May 11, 2013, 1:43 pm
Economic expert called on behalf of Jamil Antoine, on Saturday, the central bank to adopt oil and gas Kkhozan the reserves instead of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country. (more…)

Counting the U.S. ambassador in Iraq, Robert Beckerov, on Friday, the presence of U.S. companies in the Baghdad International Fair as “evidence of the economic relations strong between the two countries,” and that the show “featuring American companies a manufacturer of aircraft, vehicles and electrical energy, financial services and defense,” and when he announced his pride severe “corporate contributions to his country for the continuation of the economic development of Iraq,” he urged Iraqis to “explore the U.S. wing of the vision of the importance of corporate America at the present and the future of Iraq.” (more…)