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Deletion of zeros needs to be catalyst for success; Gradual reduction plan offered by economist

Experts: Delete the zeros project needs to be catalysts for success

31/12/2013 0:00

The views of experts and specialists on the importance of the project to delete the zeros from the currency, despite the objections put up by some of the impact on the market at the moment.

He described the competent Jihad al-Khalidi delete the zeros step reform, but it will not come to fruition is a partial positive unless accompanied by other radical reforms.

Economics professor suggests dropping two zeros from currency is less of a risk

Economist: delete the zeros from the currency less risky

30/12/2013 04:56 PM

The head of economic studies at the University of Kufa Economist Thunder Twigg, to delete two zeros off the market value of the Iraqi currency would be less risky than delete the three zeros.

Economists: Iraq has witnessed economic achievements over the past decade

31/12/2013 08:07
Unanimously experts, academics and economists that the most prominent economic achievements that have been made ​​in Iraq over the past ten years have been, launch the licensing round and revive the middle class of employees by increasing their salaries, and improve the system of electronic payment and agricultural initiative and enter the telecommunications sector and little growth in the industrial sector and Reconstruction .

Economic Committee Member: Its decision time; Budget heads to house next week

Economic parliamentary decision for “time”: the budget up to the House of Representatives next week

Monday, December 30 1 / December 2013 15:03

Decision likely parliamentary Economic Committee, on Monday, the arrival of the federal budget bill to the House of Representatives next week, while pointing out that the political differences around will contribute to the delay in approval.

Ministry of Finance: Iraq’s 2014 budget will be approved despite political differences

December 31, 2013

Minister of Finance Agency purity of net debt to “budget for fiscal 2014 will begin shortly and close normally despite the withdrawal of coalition MPs are united from the political process.”

Iraq begins applying customs tariffs starting Thursday, Jan 2

The Interior Ministry announced, on Monday, that the imposition of customs duties on imported goods will be starting from the year 2014, and by no more than 20% of their value, indicating that the fees will be imposed on all border crossing points, including the Kurdistan region.

The interior ministry said, in a statement posted on the website of the Ministry of Interior, said that “the imposition of customs duties on imported goods will be starting from 2014, and by no more than 20% of its value in all border crossing points, including the Kurdistan region.”

Iraq completes debts owed to Egypt

Iraq: the completion of the payment of the debt “yellow remittances” with Egypt

31-12-2013 11:00 AM

Iraqi authorities announced Monday that file transfers belonging to the Egyptians disrupted their remittances to their country of Iraq after the invasion of Kuwait in 1990, or what is known as ‘yellow remittances’ has been paid in full during the year 2013, with a value of 408 million dollars.

Financial Times: Opportunities for Iraq to overcome security fears

December 30, 2013
Directed foreign companies to open branches and do business in Iraq, despite security concerns among foreign investors.

This was according to the Financial Times under the title of (Iraq’s chances to overcome security concerns among foreign investors)

British institution: Iraq could turn into a dictatorship rising economically

I expected a British firm involved in global economic analysis, the continuation of the impact of political risk on the Iraqi economy during the next 2014.

While it has not ruled out the return of authoritarian rule and sectarian conflict or fragmentation of the country over the next decade, likely not to impede the economic advancement of the country, and promised that the main factor for stability is to protect the interests of the various ethnic communities in the country through the federal government.

The continuation of the Iraqi economy is affected by the risks next year

December 29, 2013

British firm involved in global economic analysis expects the continuation of the impact of political risk on the Iraqi economy during the next 2014.

This came in a quarterly report, the new released by Business Monitor Anturnashinal BMI British, on monitoring and analysis of global economic and trade, on the prospects for the commercial sector and economic situation in Iraq during the first quarter of 2014, the next, indicating that “the rate of growth of the Iraqi economy will be 10.6% and 9.2% in normal circumstances during the years 2013 and 2014, respectively, with the survival of private consumption and oil exports as the main engine of economic growth in the coming years, and that the risks surrounding this outlook lies in the deterioration of security resulting from the increased rates of political violence. ”

Iraq’s debt to Brazil amounting to 600 million dollars; Minister of Justice wants to end debt

The Minister of Justice Hassan Shammari on the need to end the file of debt to discuss with the countries concerned.

A statement issued by the Ministry of Justice received the Euphrates {} a copy of “al-Shammari received today, the Iraqi ambassador to Brazil Adel Mostafa and discussed with him the development and strengthening of diplomatic effort between the Republic of Iraq and the countries of the world.”

Economist confirms “fragility” in the Iraqi market and the trade expects to see a “mobility qualitatively”

12/18/2013
Said an economist, said on Wednesday that the Iraqi market “still fragile” and unable to compete with their counterparts in the region or attract investors, while showed the Ministry of Commerce that it has started a plan that would “set the market and inflation and prevent monopoly,” expected to result soon ” the mobility of the two types, “especially after rid Iraq of Chapter VII.

Politician warns International Monetary Fund may intervene because of the huge deficit in the 2014 budget

Business & Finance Friday, 27 January 1 / December 2013 22:51

Future News / MP for the coalition warned / united / Knight Sangaree the likelihood of intervention of the International Monetary Fund and his imposing certain actions on Iraq in light of the large deficit in the fiscal budget for next year.

He said in a press statement today that: “As a result of the existence of economic problems in the budgets of previous years and the introduction of a lot of things that we do not have it within paragraphs, led to the accumulation of economic problems have come to the proportion of the deficit in the budget next year, up / 30-35 / billion dollars.” .

Parliament raises four proposals raise the participation rate in economic activity

12/28/2013

BAGHDAD / JD / .. House of Representatives proposed a number of ways that can contribute to raising the participation rate in economic activity for up to 50 percent through the year 2017.

A member of the Committee for Economy and Investment parliamentary Abdul Salam al-Maliki told the reporter / JD / The House of Representatives proposed the enactment of Social Security to strengthen the role of the private sector of the systems in the generation of employment opportunities, and securing the appropriate environment to transform the workers in the unorganized sector organizer.

The most prominent events of the economy and money in Iraq through 2013

Saturday 28 December 2013

witnessed the 2013 events, economic prominent left a clear imprint on the level of the national economy, starting from the start of initial production fields Garraf and crazy petroleum giants and rising oil exports, through the rise back up Iraq’s hard currency, and the development and the largest federal budget in the history of Iraq, down to the the conclusion of a memorandum of understanding with one of the Swiss companies to set up a refinery in Missan.

Analyst: delete zeros from Iraqi dinar needs a political decision

12/26/2013

Still citizens waiting to start implementing the project to delete the zeros of the Iraqi dinar for several reasons, perhaps the most important of which is the security aspect in the interaction between individuals, as many traders dealing in dollars for the lack of size of the money supply, compared to the Iraqi currency.

Iraq inflation slightly higher in October 2013

Planning: Inflation for the months of October and reached the second (6.1), which is controlled

Revealed the Iraqi Ministry of Planning, said Friday that the inflation index for the months of October and reached the second (6.1), usually it is “slightly higher controlled,” There is no fear of inflation relative situations.

Analyst: strategic framework agreement slow in implementation

12/27/2013

Despite the passage of more than three years on the signing of the strategic framework agreement between Iraq and the United States, observers noted that the U.S. side seems not serious in implementing the terms of this Agreement as soon as that leaves a clear impact on the Iraqi scene.

Political analyst Amir al-Saadi said the U.S. side is slow in implementation of the terms of the agreement, especially in the field of armaments, but he progresses good steps in the field of education and scientific exchange and fellowship, which left the impression that the U.S. government is not serious in achieving all of its provisions.

Iraq to adopt smart card methods for elections

27 Dec 2013
The Iraqi Higher Electoral Commission (IHEC) is keen to develop a new method for easing the process of voting for people in the forthcoming Iraqi parliamentary elections as well as for the provincial elections in Kurdistan.

Maliki, Barzani agree to settle all outstanding issues

25/12/2013 17:56:00

Baghdad (NINA) – Prime Minister Nuri al-Maliki and Prime Minister of Kurdistan Region, Nechirvan Barzani, agreed on settling all outstanding issues between the Region and the Center.

Informed source told NINA on Wednesday, Dec. 25, that Maliki met with Nechirvan Barzani discussing outstanding issues between the Region and the Center; and they have agreed on general settlement.

Economic Committee says, Tariff law will be enacted beginning in 2014

Economic parliamentary: the law will be applied tariff rate of 20% beginning in 2014

12/25/2013 12:58
Committee announced that the economy in the House of Representatives, Wednesday, that the law will be applied tariff rate of 20% beginning next year, noting that the law will exclude food.

Economic Committee Member says, no zeros to drop from currency through the next 2 years

Economic
Finance Committee exclude the application of the project to delete the three zeroes through the next two years

26-12-2013 08:51 AM
Baghdad (news) .. Excluded the parliamentary Finance Committee application project to delete the three zeroes from the currency during the next two years because it would cause confusion for the Iraqi economy and increasing inflation rates of the country ‘by Ray Committee’.

Bank of International Settlements agreement to take Iraqi deposits is an achievement and will benefit Iraq

Accepting deposits in BIS achieve the benefit of Iraq

12/26/2013 0:00

One indicator of his return to the focus of attention of the world

The economist said the appearance of Dr. Mohammed Saleh, said that the Bank of International Settlements, accept deposits from Iraq will benefit the country through capital investment projects, financial investments. Was the Bank for International Settlements (BIS) which is an acronym for the Bank for International Settlements)) may feel the CBI Sunday past, his willingness to accept deposits Iraq for Fiscal Year 2014. Saleh added in a statement to the (morning) that this measure would provide service to the country’s economy through the BIS financial investments ongoing interest rate or interest-free and by currency, whether in euro or the dollar or other currencies . investment reserves

Iraqi politicians and economic experts agree with IMF warnings over oil dependence

MPs and experts in favor of warnings from the International Monetary Fund Iraq’s dependence on oil

Warned parliamentarians, economists and oil, last Sunday, of the consequences of Iraq’s dependence entirely on oil, and have expressed their support for the report by the International Monetary Fund on the performance of the local economy, and while confirming the parliamentary Finance Committee that they had already informed the government repeatedly remarks similar without having any reaction because the officials “lack insights economic future”, he saw an economist that the problem of Iraq’s funds is that they “run around irrational,” warned an oil expert of the consequences of non-crystallizing economic vision for the future.

Iraqi promises to repay the debt owed it to Jordan

December 25, 2013 10:22

The government has prepared a detailed dossier of debt owed by Iraq, amounting to a billion dollars, and the file will top the priorities of the debt talks to be conducted by the ministerial delegation headed by Jordan Eagles, which begins on Wednesday.

A ministerial source said that the prime minister personally asked the Ministry of Finance and the Central Bank to prepare a file detailing of debt owed by the Iraqi government since many years, stressing that the Iraqi side and through the process of preparing for the visit by the joint committees never willingness to resolve the file debt and the payment of Jordan dues for him to Iraqi government. According to the Arab newspaper

Merry Christmas!

Today we celebrate the true reason for this holiday.  The Greatest Gift Given to Man.  The Birth of Jesus Christ.

I hope each of you are spending time with friends, family and even the family pet celebrating this wonderful day.

The Currency Newshound will not be posting news today in honor of this wonderful day.  But I do want to thank each of you for following The Currency Newshound on the website, Twitter, and Facebook and hope all of you have a very Merry Christmas.

Please enjoy the day and take time to tell those you love how much you care about them. What better gift can you give a person?

Merry Christmas to all and may God Bless each and every one

– Just Hopin

International economic expert: restructuring the currency does not offer nor delay the project to delete the zeros and provides a service to the Iraqi currency

Posted in Business & Finance Monday, January 23 1 / December 2013 16:07

Counting the international economic expert on behalf of Jamil Antoine restructuring of the Iraqi currency does not offer nor delay on the economy, noting that the project to delete the zeros provides a service to the Iraqi currency.

He said that “the zeros in the currency increases the mattress decimal point, and this would get tired accountants because of the large amounts that are trading, as the, the fallibility of accountants when they prepare the amounts, and this is the same reason that led the citizen to resort to the dollar.”

Economic Committee: Iraq has great balance and no need for international loans

23-12-2013 10:27 AM

Baghdad (newsletter). The parliamentary Finance Committee, stressed that Iraq is not in need of international financial loans, indicating that loan by the World Bank and the (355) million dollars for Iraqi economic policy link.

Bank for International Settlements shows more willingness to accept deposits from Iraq

Expressed the Bank for International Settlements, on Sunday, his willingness to accept more deposits Iraq has within the budget of the bank for the year 2014.

According to a statement of the Central Bank, that “the Iraqi Central Bank has received notice from the Bank for International Settlements in Basel, in which he expressed his willingness to accept more deposits Iraq has within the budget of the BIS in 2014.”

He added that “the implementation of this measure will contribute to achieving better returns to Iraq with money to keep them in safe places, too.”

The BIS is an international organization of central banks to strengthen financial cooperation and Altmolini global and act as a bank for central banks not subject to accountability to state government.