Archive for October 19, 2013

Center calls for economic disengagement of the Iraqi dinar to the dollar
Date Posted: 2:39 pm, October 19, 2013

BAGHDAD (Independent) .. Economic Information Center called for Iraq to move from the dollar area and linking the Iraqi dinar more stable currencies.

The head of the center Dergham Mohammed Ali said in a statement today, “despite the announcement the White House, the end of the crisis, shutdown the government the U.S. but there is another crisis threatening the U.S. economy is the high ceiling of the government’s debt the U.S. to record levels reached 17 trillion dollars, a large sum difficult to deal with in light of the lack of indicators for the recovery of the U.S. economy, which is Mihdd new economic crises threaten the dollar zone. ” (more…)

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Member of the Finance Committee: the Central Bank use the increase in the cash reserve to support the dinar exchange rate

19-10-2013 12:56 PM

Baghdad (newsletter). Student member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy is able to exploit the increase in the cash reserve of hard currency to support the Iraqi dinar exchange rate against the US dollar. (more…)

Parliamentary Research Service: Total Iraq’s foreign debt of $ 39 billion

BAGHDAD – Iraq Press – 19 October / October:

A report issued by the research department of the Council of Representatives of Iraq, seen by / Presse Iraq /, that “Iraq’s foreign debt until 31/12/2012 have been classified into four categories, the Paris Club debt, and countries outside the Paris Club and commercial creditors, and debts of the Gulf Cooperation Council, totaling more than $ 39 billion, distributed as follows:

1 – debt to Paris Club countries and the 18 countries and reach more than nine billion and $ 444 million in reduced its debt by 80% except for the United States and Denmark, which Khvdta debts increased by 100% as well as Russia, which has reduced its debt by 92%, and was rescheduling the remaining of 20% . (more…)

10/19/2013 – 11:25

Central Bank of Iraq, on Saturday, on his quest to find a balanced ratio of gold with hard currency reserves, considering that whenever the reserve size increases less than the contribution of other components.

The governor of the central bank and agency Abdul Basit Abdul Samad said in an interview for “Alsumaria News”, “The Bank seeks to balanced ratio of gold compared to reserves of hard currency from the currency,” noting that “the high bank reserves of hard currency leads to low gold and we are working to increase procurement to maintain a balanced ratio of gold. ” (more…)