Posts Tagged ‘CBI’

Did you witness the next year the process of deletion of zeros from the Iraqi currency?

Still the proposal to delete the zeros from the Iraqi currency suffers push and pull, between supporters see in this step of great importance by reducing the size of the enormous mass of cash in business dealings as well as improve the reputation of the Iraqi currency, Opponents believe that they have carried with it serious risks to the Iraqi market, both at both the near and long term. (more…)


12.12.2013 0:00

Committees of Economy and Finance the parliamentary, ruled out the implementation of the project to delete the zeros from the currency, during the current legislative session, attributed the reason to the existence of objections by the Council of Ministers on the implementation of the resolution, as well as demanding the central bank to postpone the process of starting the project . (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…)

On November 5, 2013 in the economic

BAGHDAD / News Network Iraq – Expect representative of Iraqi banks in the Economic Committee of the Council of Ministers, chairman of the North Bank for Finance and Investment Nawzad David Dry, Iraq to be during the next few years, market banking with new trends in economic activity, leads the private banking sector role centrally complies with the features of a strategic sector for the future. (more…)

12 Sep 2013
On this Monday, the Iraqi Central Bank (CBI) has taken some measures to revitalize the 19 foreign banks operating in Iraq. This action is supposed to rejuvenate the overall banking sector of the country. Also, it has to be noted that this will encourage the emerging foreign banks in Iraq in near future.

Bank Governor Abdel Basset Turki stated that the banking sector of the country requires more attention in order to increase the chances or hopes for foreign investments. The bank is keen to deal with the foreign companies or banking corporate. However, he also mentioned that CBI is not losing focus from the state-regulated banks and it is important that these state-regulated banking sector should do well in present scenario so that overall banking sector’s can be lifted up for clinching the trust of the common masses of the country. (more…)

Screen Shot 2013-01-25 at 9.22.52 AM30 Aug 2013

Iraqi financial expert stated that the value of Iraq’s Federal Reserve currently amounts to about $80 billion, following the recent increase in the country’s oil exports. Nevertheless, no information was made available by the Central Bank of Iraq (CBI) to this effect.

Speaking to media, financial expert Hussein al-Asadi remarked, “According to my information, the value of Iraq’s federal reserve currently amounts to about $80 billion. This includes funds, precious metals and other items.” (more…)

Baghdad-Iraq-12 August: the CBI acknowledged the existence of counterfeit banknotes in the commercial market, and the banks are all uncles take necessary. (more…)

CBI cancels leave an international company to sell the currency because of the “under criminal investigation” against one of their respective owners

Editor: HH, NK 6.11.2013 13:35

Range Press / Baghdad
Iraqi Central Bank announced on Tuesday, the cancellation of leave an international company for the sale and purchase of foreign currencies, and attributed the reason to the existence of “a criminal under the” right of one of its owners, asked for the Ministry of Commerce to “take the necessary action against the company. (more…)

Sunday, June 2, 2013 06:23

The parliamentary economic committee attributed the continued decline in the exchange rate of the Iraqi dinar against the dollar to the central bank’s policy “failed”.

The central bank has promised to take measures to raise and stabilize the price of the Iraqi dinar as it was in the past, but the impairment and the exchange rate of the dinar continues. (more…)

Adel Abdul-Mahdi – 05/20/2013 – 8:45 PM |

Increasing demand and overcrowding on the green paper. The gap between supply and demand can accommodate an impressive 60 months ago 70 million dollars a day .. Vetoldt a black market and سعران of the exchange difference of 8 10%.

This is troubling us back to the policies of inflation and multiple exchange rates. Fajlav dinars “ranked match xerox” which turned not worth the paper worth .. And unforeseen tax paid by the citizens as a result of “inflationary Version”, the new dinar coin turning “difficult” value increased (20%) and more against the U.S. dollar (2004, 2012) .. (more…)

Sunday, 12 May 2013 19:18 | | |

Baghdad (AIN) -The Iraqi parliament chairmanship discussed with head of the Financial Supervision Council FSC, and acting governor of Central Bank of Iraq, Abdul Basit Turki, the issuance of the decisions which help protect Iraq’s moneys for the next year and addressing the country’s debts. (more…)

Iraqi funds between several options .. I represent the extension of protection
Al-Sabah – 05/08/2013 – 1:28 pm

With the approach of the end of the period

at the time is approaching when Iraq from the expiry date of the protection fund Iraqi funds DFI of the Government of the United States, called specialists government officials to reconsider this issue and choose the most appropriate solution to end this file from a range of options notably the transfer of the remaining money in the fund to Iraq and the central bank to assume responsibility for payment of debt creditors. (more…)

| On 2013-04-29 |

Said Senior Director in the Ministry of Finance Najla Al-Alusi said the security situation now does not help to delete the zeros.

Said al-Alusi told the newspaper “integrity” Electronic “The central bank has a lot of experience when he changed the currency in 2004, there were currencies in the trading range of 4 trillion dinars is attributed to the central bank up to 8 trillion dinars, this is a dangerous المتخوف them enter fake money that go for the burn and burn it occurs stolen and returned to the Treasury. ” (more…)

BAGHDAD / obelisk: CBI denied, Thursday, and reported on the media to restore the bank to restructure the Iraqi currency and deleting three zeros which, while stressed that the only reference to permit such things. (more…)

Thursday, 25 April 2013 09:22 | | |

Baghdad (AIN) –MP, Jawad al-Shiheli, of the Parlaimentary Integrity Committee announced that the Committee will refer two General Directors in the Central Bank of Iraq to the Integrity Commission over a case related to ten tons of stolen gold.

He stated to AIN “The recent statements of the two officials are considered as a proof that condemns them.” (more…)

Iraq discusses with the ‘central’ American renewal protect his money in foreign banks

22-04-2013 06:00 PM

Discussed the Iraqi Central Bank Governor Abdul Basit Turki in Washington, the protection of Iraqi funds and reserves of the Central Bank and the Development Fund for Iraq, with the U.S. Federal Reserve in New York.

The central bank said in a statement that the Turkish met with officials in the «Central» American in New York, on the sidelines of meetings of the IMF and the World Bank in Washington, DC, and discussed with them the issue of the protection of Iraqi funds and reserves, the Central Bank of Iraq and the Development Fund for Iraq and the technical issues other ». (more…)

Baghdad (newsletter). Member of the Finance Committee, MP//Secretary Hadi, the importance of the development of banking and financial systems in the country for its contribution in promoting investment and the economy forward.

He said Hadi (News Agency): directed the CBI to develop retail payment system through the use of a ‘ mobile ‘ will facilitate trading and banking transactions, saying it is of modern technological systems of most countries of the world. (more…)

Published on Tuesday, 02 April / April 2013 14:57

CBI announced, Tuesday, sent invitations to more than 30 international companies specialized in the development of retail payment systems for the development of the old regimes in place in Iraqi banks.

The statement said the bank got “obelisk” a copy of “in the quest CBI to develop the banking industry in Iraq and to add advanced tools in the area of ​​payments, the Central Bank announced the launch of the development of the payment system retail through the creation of divided national platform and reciprocity of payment via mobile” . (more…)

Published in: 12:53, March 27, 2013

BAGHDAD (Iba) .. Prime BSA federal and central bank governor Agency Abdul Basit Turki Saeed with Prime Economic Services Middle East Regional Minister Plenipotentiary at the Ministry of Finance French Dolajoger and Chairman of the Economic Section of the French Embassy in Baghdad Dennis if Vries prospects for the development deal between the two central banks Iraqi and French. (more…)

IMFLogoPress Release No. 13/87
March 21, 2013

An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion.


The latest daily currency auction was held in the Central Bank of Iraq on the 3-Mar-2013. The results were as follows:

Number of banks 15
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 104,239,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 104,239,000
Total offers for selling (US$) —–

Exchange rates

Thursday, February 28, 2013
Parliamentary Finance: the need to take advantage of the expertise of international banks to support the banking sector

Praised Vice-Chairman of the Finance Committee MP Ahmed Faizullah, Bembagesat central bank with international banks to work in Iraq because it will facilitate the process of foreign currency remittances and develop the banking sector. (more…)

Published on Tuesday, February 26 / February 2013 18:32

Deputy Prime Minister for Economic Affairs Rose Nuri Shaways, Tuesday, to tighten up the diplomatic and protect Iraqi funds abroad, noting that the policies of the former regime led to financial disputes large with many international companies and non-reliable practiced manipulation of the litigation lawsuit against the government and demanded fictional amounts of unlawfully . (more…)

Date: Saturday 23/02/2013 07:59 pm

Surprised former MP Wael Abdul Latif told deputy state law on Alfalh which called on the government to restore central bank money that has been withdrawn from the bank in the form of advances.

Said Abdul Latif’s (citizen) said on Saturday that «permit MP Ali Alfalh about demanding the government retrieves amounts up to $ 36 billion taken from the central bank by the government in the form of advances not liquidated so far by Maakdth sources from within the central bank has raised surprised Landry Mahzh money is of central bank reserves? And when it was withdrawn? (more…)

Thursday, 21 February 2013 15:20 | | |

Baghdad (AIN) –The Spokesperson of the Iraqiya Slate, Haider al-Mulla, stated that Iraq lost 509 IQD Billions in the auction of the Central Bank of Iraq in the last three months.

In a press conference held at the parliament building on Thursday, he said “The CBI has lost 509 IQD Billions from the last three months in its auction which means when the current head of the Financial Observation Divan, Abdul Basit Turki, received the chairmanship of the Divan.” (more…)

Published on Wednesday, February 13 / February 2013

Search governor of the Central Bank of Iraq, Wednesday, with a number of foreign banks ways to expand its work in Iraq.

A statement issued by the Central Bank got “obelisk” a copy of “The Iraqi Central Bank Governor Abdul Basit Turki met with representatives of banks Stannard Jartrd Development Bank International and Bank Melli Iran and discussed with them each separately applications expand to open branches in Iraq.” (more…)

Submitted translation:


Monday January 28, 2013

Received MP Najiba Najib member of the Finance Committee on Monday, 28/1/2013, at the headquarters of the Commission and a delegation from the Iraqi Central Bank and government banks included Mr. Mustafa Ghalib scary Director of Legal Affairs at the CBI and Acanutormagd Mohammed Hassan Suri unit manager restructuring of government banks and Mr. Walid Idi Abdul Nabi, head of statistics and research at the Central Bank of Iraq. (more…)

Screen Shot 2013-01-25 at 9.22.52 AMNote:  As of this week Mohammed Saleh has been released from prison

Posted on Jan 21 2013 03:47

“Iraqi activists and journalists have tried to exert pressure on the authorities in Baghdad to release Mudher Mohammed Saleh, deputy governor of the Central Bank of Iraq (CBI) after he was arrested on charges of embezzlement of public funds.Saleh, who has a PhD in economics from an American university, has been detained for over a month and a half at a police station in central Baghdad. The 65-year-old professor of economics at the University of Baghdad voluntarily turned himself in to Iraqi authorities after an arrest warrant was issued against him. (more…)

11/12/2012 03:18
Revealed the CBI for authorization bank governor validity devalue in order to enhance the value of the Iraqi dinar. (more…)