Archive for November, 2013

Screen Shot 2013-11-29 at 3.42.07 PMMaliki: Open Branch President for Standard Chartered Bank in Baghdad message that Iraq is not isolated from the world

Prime Minister Nuri al-Maliki opened the branch president for Standard Chartered Bank in Baghdad, “a message that Iraq is not isolated from the world.”

He said in a speech during the opening of the branch “We stand today in front of a turning point in the economic field through the entry of international banks in Iraq, and we have a desire to advance the process of construction and reconstruction that require banking operations successful.” (more…)

28-11-2013 09:24 PM
Baghdad (newsletter). The Iraqi Central Bank announced the approval of the financial action group for the Middle East and North Africa on money laundering offences and the financing of terrorism held a meeting in Iraq. (more…)

11/29/2013 12:03

warned the parliamentary Economic Committee, the survival of the Iraqi economy is dependent on oil as a major source of the state, calling for a diversification of state revenues to avoid the financial problems of the country’s economic potential. (more…)

11/30/2013 0:00

He stressed that contrary to the rate of inflation
Baghdad – Farah pumice counting an economist that the rate of per capita income of the value of gross domestic product, well compared to neighboring countries, but he stressed that he does not constitute a satisfactory ratio in the community because of the high rates of inflation in recent years. indicated that the Deputy Prime Minister for Energy Hussain al-Shahristani said at the Fourth Scientific Conference of the statisticians Arabs held in Baghdad that the per capita GDP went up to 6000 dollars a year after it was a thousand dollars. (more…)

28/11/2013 | 08:14 PM | Gulf News

BAGHDAD, Nov 28 (KUNA) — Iraqi Prime Minister Nouri Al-Maliki asserted Thursday the importance of working to overcome the challenges of the past, normalize relations between Kuwait and Iraq, and start of joint development and construction projects.

Al-Maliki made the statement during his meeting with Kuwait new ambassador to Iraq Ghassan Al-Zowawi. (more…)

Happy Thanksgiving 2013

Posted: November 28, 2013 in Iraqi Dinar/Politics


I hope each of you have a joyous day with friends and family celebrating Thanksgiving.
Take this day and every day to say thank you for all the gifts this life has given you.

Have a wonderful day

-Just Hopin


28-11-2013 04:37 PM
Baghdad (news) .. Search first deputy chairman of the Iraqi Parliament Qusay al-Suhail with a delegation from the World Bank, headed by the Regional Director of the World Bank Fred Belhadj, the development of human capacity and Iraqi banking systems in place in the country, as well as future plans for the institutions of the World Bank in Iraq. (more…)

28-11-2013 12:03 PM
Baghdad (newsletter). The parliamentary Economic Committee, warned that the Iraqi economy dependent on oil as the main source of State calling for diversification of State financial revenues to avoid potential economic problems of the country.

The Rapporteur of the Committee, said MP mahma Khalil (News Agency): federal budget revenue constituting (95%) Of oil, this is an indication of a threat to the economy, as it would be global economic shocks. (more…)

– NOVEMBER 28, 2013
BAGHDAD – Eastern November 28: The governor of the Iraqi Central Bank acting Abdel Basset Turki he did not commit any violation of the law assuming the agency’s central bank in addition to his duties as president of the Board of Supreme Audit. (more…)

27/11/2013 – 18:38

stressed the Iraqi Central Bank, on Wednesday, the need to open all the foreign banks branches in Baghdad first, calling Bank Standard Jartrd British to be done qualitatively different from the rest of the foreign banks, as he emphasized the need for Iraq to change the mechanisms of action of banking it. (more…)

28.11.2013 3:19 p.m.

Welcomed Prime Minister Nuri al-Maliki, on Thursday, to establish strategic relations with Kuwait and overcome the effects of the past between the two countries, and stressed that these relations will promote the idea of ​​moderation in the region, while Kuwait expressed its desire to develop relations between the two countries in various fields. ”

Maliki said in a statement received (range Press) a copy of it, during a meeting with Kuwaiti Ambassador to Iraq’s new Ghassan Al-Zawawi, said that “it is important to work to overcome the stage of removing the effects of the past and the normalization of relations between the two countries and the starting stage of development and construction in the joint ventures.” (more…)

27/11/2013 16:28

Iraqi Central Bank announced Wednesday, it will allow companies to broker the sale and purchase of foreign currency to enter the daily currency auction.

The relationship manager in the bank in favor of Mahood’s “Tomorrow’s Press,” said that “companies to broker the sale and purchase of foreign currency would be allowed to enter the daily currency auction through any bank operating in Iraq,” adding that “such a decision that opens up a large and important for domestic banks on the one hand and corporate financial intermediation on the other hand the freedom of action. ” (more…)

Premiership: Maliki opens branch president for Standard Chartered Bank in Baghdad
Wednesday, October 27/2 November 2013 17:50

An official statement said the prime minister, Nuri al-Maliki said the prime minister today inaugurated the branch president for Standard Chartered Bank.

According to the statement received by all of Iraq [where], a copy of it, the “al-Maliki said in a speech to the opening ceremony, “We stand today in front of a turning point in the economic field through the entry of international banks in Iraq, and we have a desire to advance the process of construction and reconstruction that require banking operations successful. ” (more…)

Deport the law of oil and gas to the next parliamentary session

Commission said the oil and energy parliamentary, Wednesday, that the few remaining period of the age of the current parliamentary session is not enough to hold understandings lead to approval of oil and gas law, asserting that the law left to the next session. (more…)

Central Bank denies smuggling 800 million dollars a week to the Swiss bank confirms: This information is source-Hashemi

27/11/2013 12:34
He denied the Iraqi Central Bank, on Wednesday, the existence of smuggling weekly from inside Iraq to the Swiss banks, and confirmed that the statements Relations Committee Chairman European with Iraq on this subject “baseless and taken from the former Vice-President and sentenced to death Tareq al-Hashemi.” (more…)

11/27/2013 0:00

Cairo – Isra Khalifa
with the participation of Iraq start of the Arab Committee concerned to follow-up and preparation for the tops of the Arab economic and social development of its second meeting on Thursday at the level of senior officials to discuss several important economic issues. (more…)

Screen Shot 2013-11-27 at 1.09.09 AMStapes: the process of deleting the zeros working to raise the value of the dinar against the dollar
27-11-2013 08:47 AM

Baghdad (news) .. A member of the Economic Commission MP / National Alliance / Ibrahim stirrup, that the high price of the dollar depends on the ratio of supply and demand in the auction sale of the currency in the central bank.

said stirrup (of the Agency news): The high exchange rate of the U.S. dollar against the Iraqi dinar is affected by security conditions taking place in Iraq and demand it through legal or illegal as a matter of money laundering. (more…)

Financial representative calls for the Central Bank to wait with its decision a (50) thousand dinars

26-11-2013 10:25 AM
Baghdad (newsletter). The parliamentary Finance Committee, called on the Central Bank to wait with the decision of the Iraqi currency (50) thousand dinars, stressing the importance of issuing coins with small groups to support the balance of Exchange in the country.

Committee member Rep. Jimmy capable (News Agency): he was the first Central Bank in consultation with the Government and the Parliament before deciding to release the Iraqi currency class (50) thousand dinars and small metal categories. (more…)

Tuesday, November 26th, 2013
The Governor of the Central Bank of Iraq acting Abdel Basset Turki, all efforts to radically change the laws in the banking sector, under the guidance of the International Monetary Fund, stressing that «the new laws that advance economic reality». (more…)

Economic reform in the country’s economy and the diversification of income

26-11-2013 11:39 AM
Baghdad (newsletter). She is a member of the Financial Committee MP/Kurdish Alliance/smart Najeeb, the importance of the economic reform and law which can happen . (more…)

The economist said the appearance of Mohammed Saleh, said that calls for amending the Law on the Central Bank of the table by the bank six years ago, noting that “the Banking Act current No. 94 of 2004 for commercial banking, and we do not have the law of investment banking for the purposes of development.”

and called for an economist appearance of Mohammed Saleh in contact with the (term), “banks that possess activities real agricultural, industrial or service and be king and operated for the benefit of the bank, and can buy the shares by more than 20% of the capital of the bank without the right to control the management and direction of investment, because the banks have financial surpluses Large and development of the country is Off not true that it is shutting down the investment window because of the nature of the law. ” (more…)

The United Nations believes that the bilateral relations between Iraq and Kuwait in the improvement, which facilitates the process of closing files stuck the first of the missing Kuwaitis

BAGHDAD / obelisk: stressed the UN representative to Iraq, Nikolay Mladenov, on Tuesday, to achieve a further improvement in relations between Iraq, Kuwait and Iraq and raise the proportion of the security situation in Iraq Saouselan inevitably to close the file of missing Kuwaitis and Kuwaiti official documents as soon as possible. (more…)

26/11/2013 | 12:02 AM | Gulf News

NEW YORK, Nov 25 (KUNA) — UN Special Envoy for Iraq Nickolay Mladenov on Monday said further Iraq-Kuwait commitment and the improvement of the security situation in Iraq will bring about closure of the missing Kuwaiti persons and property files “as quickly as possible.

“It has been too long, already. The outstanding issues on the missing persons and property need to be closed as quickly as possible. It is very encouraging that both the Iraqi and Kuwaiti authorities are committed to work together,” Mladenov told KUNA following a Security Council meeting on the situation in Iraq, including its relation with neighbouring Kuwait. (more…)

25/11/2013 | 09:17 PM | Gulf News

NEW YORK, Nov 25 (KUNA) — UN Special Representative to Iraq and the Head of the UN Assistance Mission for Iraq (UNAMI), Nickolay Mladenov, on Monday said the recent “expanded cooperation” between Iraq and Kuwait promises further progress on pending files and has made his job easier. (more…)

Central bank: zeros from the currency will not raise the lack of “appropriate circumstance”

Called on the Central Bank of Iraq, on Sunday, to “revisit” the laws of the banks and the Central Bank and the fight against money laundering, and attributed the cause to “address the problematic lack of challenge of the activity of banks and the World Bank in the management of the economy”, and pointed out that the zeros “will not lift from the Iraqi currency now for not suitable circumstance. “

The central bank governor said Abdel Basset Turki said in an interview for a number of media, on the sidelines of a workshop on the proposals to amend the Banking Act and the law of the Iraqi Central Bank and Amla, hosted by the bank in the Palestine Hotel in central Baghdad, said that “the importance of this workshop, which is held for the first time , is to review the laws written in exceptional circumstances and in an exceptional manner for nearly ten years and there are a number of comments made by the banks, “hoping that” all deficiencies are addressed. “

The Turkish that “country always needs to be new legislation and we have to think about legislation lasts for a long time to pay for greater stability and meet the requirements of development,” stressing the need to “rethink the laws of the three not only the laws of the banks, but Bank Law also the law against money laundering,” explaining that “The importance of the problematic address all deficiencies that limit the activity of banks and at the same time its developmental role in addition to the Central Bank’s role in the management of the economy.”

The central bank governor [said] that “the lifting of zeros from the Iraqi currency until now not on the cards because the envelope is not suitable justifications and still continue not to delete the list,” adding, “But when the central bank will decide to announce this matter.”

He continued Turkish “We have decided to exclude banks that have not a capital of 250 billion dinars, the central bank auction,” pointing out that “some banks embarked invite the General Assembly to raise its capital.”

Turki added that “the number of those banks does not exceed 5 banks and these exclusions are not immediate and final decisions,” asserting that “some banks made a pledge to raise its capital to 400 billion.” The CBI said on Sunday, seeking to amend the banking laws, including the proportional and the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that go to play the developmental role of the Iraqi economy. The Iraqi Central Bank revealed, on Sunday, the arrival of the foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a “source of pride” for the Iraqis.

The Iraqi Central Bank revealed, earlier, his intention version Coins categories of small, indicating that those currencies, which may be issued sometime in the next year, will be written in Arabic and Kurdish, confirming the existence of a proposal for the issuance of Banknotes large value of fifty thousand dinars .

It is noteworthy that the Iraqi Central Bank was established as a bank independent under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies. Finished / 3
Updated: 25/11/2013 16:00

Shahristani, Iraq declares control inflation and reduced interest banks to 6%
11/25/2013 – 16:15

Deputy Prime Minister for Energy Hussain al-Shahristani, Monday, that Iraq was able to control the inflation, as well as its ability to reduce the interest banks to 6%, indicating that it is able to maintain the rate of economic growth for long periods.

Shahristani said In his speech during the Business Forum and the Iraqi investment Frenchman in a good hotel, attended by “Alsumaria News”, “Iraq was able to control the inflation rate, which was more than 50% after 2003 and which is now up to 6%,” noting that “interest rates banks also decreased to 6% after it reached 20%. ” (more…)

11/25/2013 0:00

-Sought to gain access to a system integrated economic

planned central bank with the relevant authorities to get to the economic system integrated through a call to the private banks to send its observations and proposals on amending laws Central Bank and money laundering and banks to reach enact laws that serve the economic process in joint efforts by the central bank and private banks.

opened the central bank governor Agency Abdul Basit Turki Saeed yesterday workshop, which was launched in the presence and participation of private banks and a number of economic figures which will continue for a period of five days for the purpose of discussing the proposals made ​​by a number of private banks in order to promote the reality of banking. (more…)

oil and gas law’s absence would increase the differences between local governments and the Centre on the oil

25-11-2013 08:07 AM
Baghdad (newsletter). Oil and Energy Committee, warned of the increasing differences between the Federal and provincial governments for the Kurdistan region and the provinces regarding the oil as a result of the absence of the oil and gas law. (more…)

Senior Economist: Raising the zeroes corrective action to facilitate the transfer and account currency
Sunday, 24 October / 2 November 2013 08:11

The expert described the economic, Akram Abdel-Aziz, a step central bank to raise zeros from the local currency, “the action to reform aspects of the calculation.” It said in a statement told all of Iraq [where]: “The deletion of zeros is the restructuring of the financial sector and banking and reconsider the monetary policies.” (more…)

Kuwaiti official: Kuwait is looking forward to continue to receive future quarterly payments until the full repayment of the amounts of compensation

The head of “Public Authority for Assessment of Compensation for Damages Iraqi aggression,” Khaled Ahmad Al-Mudhaf that the remaining amount of Kuwait is estimated at 8.899 billion dollars and Kuwait “looking forward” to continue to receive payments of future quarterly until payment of the full amount of compensation. (more…)