Archive for January, 2014

Central Bank Governor: 2014 will be completed by the end of restructuring

Tuesday January 28, 2014

CBI has received many applications, by many banks, but so far has not been approved, but the licenses of two foreign banks to operate in the country.

The newspaper quoted the “National” American Abdel Basset Turki, Governor of the Central Bank of Iraq, saying, “We’re going to give approval of the two banks in the region, but not the Gulf and will be scrutinized Bouksosma.” (more…)

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“Time to” get on the instructions of the Central Bank for the sale of new and foreign currency

Published on Monday, 27 December / 2 January 2014 15:23
Issues special instructions to sell and buy foreign currencies, considering previous instructions issued in this regard void.

And got “time” on the documentation for the instructions issued by the central bank, which included “17” paragraph identified mechanisms of buying and selling and the proportion of intermediaries. (more…)

1/27/2014 0:00

said economic expert, Dr. appearance of Mohammed Saleh: that the announcement of the Iraqi Central Bank intention to sell gold coins to the public would pave the way for the re-emergence of banks mortgages in order to serve the Iraqi economy.

was the central bank, and in consultation with the Committee on Economic Affairs, has decided recently coined a variety of alloys pure gold weights ranging between (5 g and 1 kg). announced immediate measures contracted to import them and then sell them through the banking system, as this procedure represents a monetary policy tools. (more…)

January 27, 2014

Baghdad: News Network fortune-teller – criticized traders buying and selling the dollar the way in which the Iraqi Central Bank to sell the dollar and according to the opinion of some specialists in economic affairs that the CBI did not follow the policy of the legal foundations and monetary, financial and economic right in the process of selling the dollar, as the process selling of the dollar must be carried out to bid, or at least selling price installer from the state, and the procurement process must be conducted in the tender and just like being in the world, (more…)

BAGHDAD – A New World
Tuesday January 28, 2014
While continuing battles between the army and fighters of the Islamic State in Iraq and the Levant (Daash), especially in Anbar province, and its implications on the economy and the attractiveness of the country for investors, hence shed light on the economic side of Iraq, which, according to official figures is “strong.” (more…)

Tuesday January 28, 2014
An official at the International Monetary Fund, on Monday, said that the general budget in Iraq are increasingly prone to be affected by a drop in oil prices and the government may face difficulty in financing this year’s budget plan.

Said Carlo Sdraljevic, head of the IMF mission to Iraq, “there is a structural problem. Based fiscal policy largely on oil revenues and this dependence is growing. This trend is worrying because the price of oil, which achieves a balance between revenues and expenses on the rise a few years ago.” (more…)

– JANUARY 27, 2014

Received Prime Minister Nuri al-Maliki on Sunday afternoon telephone call from U.S. Vice President Joe Biden. According to a White House statement that Biden talked about the U.S. support for Iraq in the ongoing war against al-Qaeda.

He also praised Biden (Iraqi government’s commitment to integrate tribal forces fighting Daash with Iraqi security forces and compensate those who were injured or killed during the protection of Iraqi citizens from the base in addition to rebuilding parts of Anbar affected by the fighting). (more…)

Elections in Iraq will be postponed because of the conditions of Anbar, the source admits the impossibility of conducting in Anbar and Mosul

01/28/2014 AD
Admitted block “united” with difficulty holding of parliamentary elections in Anbar province, on schedule, stressing that the situation on the ground “makes it imperative for all political blocs forced to accept some of the solutions proposed by the United Nations or the Electoral Commission.” (more…)

23 Jan 2014

A number of specialists in economic affairs of Iraq have advised that the government to apply the project to delete the zeros, instead of issuing large sections of the currency because it will lead to higher inflation.

It is noteworthy that the central bank decided after demanding the federal government to wait to apply the project to delete the zeros and get rid of the monetary mass lean in Iraqi currency by printing Banknotes category 50 thousand dinars, in addition to coins of small denominations during the year 2014, to facilitate the process of dealing and purchase between the citizen and local markets. (more…)

By khabaar khaba

Decided to CBI, on Thursday, “coined a variety of gold bullion” to sell gold to dealers, investors and segments of Iraqi society, as he emphasized that “this action represents Tools monetary policy of the Bank.”

According to a statement of the Central Bank of Iraq has received the Agency for News News (et) a copy of it, he was “for the purpose of diversification means savings to the public and to provide large quantities of gold from Mnashye sober sold to dealers in gold, investors and society Bdinaralaraca decided the bank’s board in consultation with the Committee on Economic Affairs seeks a variety of gold bullion weights ranging between (5 g and 1000 g). ” (more…)

January 24, 2014

Justified the coalition united the visit of Prime her coalition and Parliament Speaker Osama Najafi to Mr. Washington as to activate the strategic framework agreement “SFA”, and the training of security forces, to counter terrorism.

A member of the coalition Alhegel Omar, told ((eighth day)) that “the visit of the President House of Representatives, Mr. Osama Najafi, within endeavors, which comes out of the legislature, to activate the strategic framework agreement, concluded by Iraq with the United States.” (more…)

By Khabaar Khaba 01.23.2014 11:07:00

According to a statement of the Compensation Commission internationalism on Thursday that “the value of the compensation amounting to one billion and 300 thousand dollars to Kuwait, bringing the total compensation paid by Iraq to Kuwait to forty-four billion and 500 thousand dollars. ” (more…)

BAGHDAD / obelisk: joined U.S. President Barack Obama, to a meeting between Vice President Joe Biden, President of the Iraqi Council of Representatives Osama Najafi, the head of a parliamentary delegation of Iraq, and the two sides stressed the importance of the strategic partnership between the U.S. and Iraq, and agreed on the need to take action to fight “terrorism.

The White House said in a statement on Wednesday, Obama joined the meeting between Biden and Najafi, and a delegation of Iraqi parliamentarians at the White House. (more…)

Need (a quarter)

By: Kazem Sami Faraj – 21-01-2014
After nearly two years of deliberating the Iraqi currency current taking yelling here and there on the deletion of zeros it Once confirms central bank that year (sic) will be the year deleted and a month after we come out of one of the members of the parliamentary finance committee to refute what it says spokesman Central and labor currency (with zeros) Continuous Bde (what was revealed by God for them) and then nationally one expert money to divest part of its parliamentary Helms and the reasons cited by the zero on the north and monetary situation Sistqrbmejrd delete the zeros and .. (more…)

A parliamentary source announced that the next meeting of the Council of Representatives will be held on Tuesday of next week.

And failed in the House of Representatives held its last Thursday for lack of quorum in spite of receiving the budget bill for the fiscal year of 2014. (more…)

01.21.2014 1:25 p.m.

The Ministry of Planning and Development Cooperation, said on Tuesday that the rate of economic growth in Iraq in 2013 amounted to 9%, while suggesting that the announcement of this figure came after its statistics and indicators on the percentage of growth in all sectors. (more…)

1/23/2014 0:00

During a meeting with U.S. Secretary of Defense
Baghdad morning

Called House Speaker Osama Najafi, during a meeting with U.S. Secretary of Defense Chuck Hagel, the need to support Washington’s efforts to fight terrorism in Iraq, and work to strengthen the capacity of the army’s weapons, stressing the importance of strengthening bilateral relations between the two countries in various fields. (more…)

Advised a number of specialists in economic affairs the government to apply the project to delete the zeros, instead of issuing large sections of the currency because it will lead to higher inflation.

It is noteworthy that the central bank decided after demanding the federal government to wait to apply the project to delete the zeros and get rid of the monetary mass lean in Iraqi currency by printing Banknotes category (50) thousand dinars, in addition to coins of small denominations during the year 2014, to facilitate the process of dealing and purchase between the citizen and local markets. (more…)

We look forward to be a trade and investment cooperation between Iraq and Kuwait very important strategic goal for both sides, and this in turn imposes on the business community in both countries

Baghdad / follow-up the obelisk: counting, first deputy chairman of the Chamber of Commerce and Industry of Kuwait Khaled Falcon, Iraq “a big market for Kuwait” since the start of trade relations, and because of the geographical proximity and the potential and the enormous wealth possessed by Iraq. (more…)

Parliamentary Finance Committee: deletion of zeros from the Iraqi currency, the dinar serve, but the central bank is ready to replace the Currency (note: misleading translation)

17/01/2014 05:22 AM

Confirmed that the Finance Committee in the House of Representatives that “the Central Bank of Iraq is not formatted for the time being to replace the Iraqi currency.” (more…)

Announced a coalition united, said Friday that House Speaker Osama Najafi will leave later in the day to Kuwait at the head of a parliamentary delegation to attend the Arab Parliamentary Union, pointing out that he will leave next Sunday to the United States to discuss a number of issues with U.S. President Barack Obama and U.S. officials .

A spokesman for the coalition, Dhafer al-Ani said in an interview for “Alsumaria News”, “House Speaker Osama Najafi is leaving today to Kuwait to attend the meetings of the Arab Parliamentary Union held its business in Kuwait,” noting that “Najafi will receive during his visit to Kuwait Amir Sabah Al-Ahmad and many Kuwaiti officials. ” (more…)

Finance announces the allocation of five dollars for every barrel produced in the provinces of the budget and affirming the possibility of fully paid

Ministry of Finance announced the allocation of five dollars from each barrel of oil-producing provinces in the federal budget for the current year, afterthought inability to pay the amount at once.

The finance minister said the agency purity of net debt at a news conference today attended by the correspondent of the Euphrates {} “The law guarantees issued share of oil-producing provinces and gas law, a right to take it.” (more…)

Revealed the Ministry of Planning and Development Cooperation, that the population of the country has recently been increased to up to 34 million and 207 thousand people, while the total energy production sector growth of 30% according to the latest official statistics.

And spotted periodic statistical issued by the Central Agency for Statistics of the Ministry of prominent statistical indicators for the economic and social situation in Iraq, as performed by the Central Bureau of Statistics of the Ministry of Planning statistical indicators for the economic and social situation in Iraq for the years (2008-2012). (more…)

WEDNESDAY, 15 DECEMBER / 2 JANUARY 2014 14:38

Twilight News / saw the Kurdistan Coalition, Wednesday, the Council of Ministers to pass the budget bill, the center of Deputies rejected the Kurds and their withdrawal as a step intended to turn the crisis to the Kurdistan Region.

The Iraqi Council of Ministers passed a law on the general budget for the current year 2014, despite the refusal by the Vice President of the Council example, has typically Minister Nuri Shaways and Kurds. (more…)

WEDNESDAY, 15 DECEMBER / 2 JANUARY 2014 13:56

Iraqi Council of Ministers passed a law on the general budget for the current year 2014, despite the refusal by the Vice President of the Council example, has typically Minister Nuri Shaways and Kurds.

An informed source, who asked not to be identified in an interview with “Twilight News, said that today’s Council meeting included a discussion of the budget law, and when I got to the discussion paragraph the amount of oil exported from the Kurdistan Region Ministers agreed that all Arabs and Turkmen deduced from the position of their fellow Kurds. (more…)

1/15/2014 0:00

The balance of the money market is a central

The objectives of monetary policy to achieve economic growth and stability and reduce the unemployment rate, and the stability of prices of goods and services, as well as the stability of exchange rates, and improve the balance of payments position and achieved these goals by following the monetary policy tools of direct and indirect. (more…)

The governor of the Central Bank and the Agency Abdel Basset Turki on the sidelines of the Geneva Conference, on Sunday, that “Iraq plans to issue bonds in local currency for the first time in Iraq since the fall of Saddam Hussein’s regime,” according to Reuters Mazkrt in its report. (more…)

Advisor of the U.S. economy: Iraq paced economic incorrect

13/01/2014 15:52
Tomorrow’s Press / Baghdad: Advisor Ministry confirmed the U.S. economy Robin Mattewman, Monday, that Iraq is progressing properly for the development of its economy and make way for local capacity to build the foundations of the local economy without relying on oil imports to the country. (more…)

Moon Arrives in Baghdad
Monday, December 13 2 / January 2014 12:34

Reached the Secretary-General of the United Nations Ban Ki-moon on Monday morning in the capital, Baghdad, has declared an official visit to Iraq.

The source said an Iraqi diplomat told all of Iraq [where] that “the moon came across Baghdad International Airport and will include talks with Iraqi leaders and officials of the Syrian crisis and the events of Anbar.” (more…)

Planning: the annual inflation index rose by 3% and stability for the past month
Monday, January 13, 2014

The Ministry of Planning and Development Cooperation, on Monday, a rise in the annual inflation index for 2013 to 3%, noting that inflation month of December, last year witnessed stable. said the spokesman of the Ministry of Planning Abdul-Zahra al-Hindawi said in an interview for “Alsumaria News “,” (more…)