Posts Tagged ‘Chapter VII of the United Nations Charter’

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. (more…)

The current credit rating of Iraq fits and economic reality; Call to speed up installing formally

12/11/2013 0:00

seeks most governments and countries, companies or funding agencies to obtain credit rating in order to facilitate their access to finance that you want through the local markets or external reason to force the pace to get the highest degree of classification between countries the world to improve its reputation and economic development of the joints of the various productive sectors, to confirm for countries wishing to invest that its economic structure intact and its environment are valid, as well as the credit rating alleviate the cost of borrowing at the State’s need to decode Achtnaqatha financial external debt. (more…)

Wrote on: 05/12/2013 01:33:23
The Deputy Chief of Mission of the United Nations to help Iraq Georgi Posten “hoped to result in efforts by Baghdad on file missing Kuwaitis from the termination of the file is complete . ”

emphasized Posten during a meeting with Human Rights Minister Mohammed Sudanese to join the United Nations Mission to the Commission on the follow-up file missing , will contribute to the coordination of work between the relevant authorities . ” (more…)

Cropped image of Iraqi Foreign Minister Hoshya...

19/11/2013 | 12:58 AM | Gulf News

KUWAIT, Nov 18 (KUNA) — All of Iraq’s outstanding issues with Kuwait have been resolved as result of the commitment of both and it will carry out all of its commitments in 2015, Foreign Minister Hoshyar Zebari said on Monday.

This has been achieved through cooperation, mutual trust and good intentions to solve these matters along with resolutions and commitments on Iraq, he told reporters after arriving in Kuwait to attend the Third Africa-Arab Summit. (more…)

Legal consequences of the withdrawal of Iraq from Chapter VII of the seminar expanded Nahrain University

BAGHDAD – Iraq Press – November 2 / November: organized by the Faculty of Law at the University of Mesopotamia seminar Almahan legal consequences of the withdrawal of Iraq from Chapter VII, with the participation of researchers from various Iraqi universities.

The correspondent / Presse Iraq / Organizing Committee as saying that “the seminar aimed at introducing the most important pros and cognitive economic, scientific and political benefit by Iraq in the development of the national economy and opening up to the role of the region and the world in all transactions.” (more…)

Bankers: high cash reserve enhances the value of the dinar

09/25/2013 12:00 AM

confirmed experts and specialists, bankers high cash reserves of the Central Bank is a cover of the Iraqi dinar, enhances the value and gives the amount supreme confidence in the Iraqi market by local investors or foreigners. (more…)

Najafi calls for the central bank to the need for coherence between monetary and fiscal policy

The head of the House of Representatives Osama Najafi, the Central Bank of Iraq, on Wednesday, to the need for coherence and coordination between monetary and fiscal policy. ” (more…)

Finance parliamentary commends the efforts of the central bank to raise the value of the dinar
09/10/2013 01:56
Praised the Finance Committee parliamentary elections, the considerable efforts made ​​by the central bank to raise the value of the Iraqi dinar against the U.S. dollar. (more…)

09/09/2013 12:00 AM

stressed bankers on the importance of initiating a national campaign aimed at contacts with the global financial revitalization of the State-owned banks that were constrained in their dealings terms of Chapter VII.

comes at a time considered by the Committee Parliamentary Finance out of Iraq from Chapter VII that a positive impact on the economy Local, as it will open the doors to banking world. (more…)

Wednesday, September 04 / September 2013 16:52
{Baghdad: Euphrates News} The President of the House of Representatives Osama Najafi on the importance of developing a strategy for fiscal policy coordination between the Ministry of Finance and the monetary policy of the central bank.

He said during his visit today the Central Bank of Iraq and his meeting with the Governor of the Bank Basset Turki agency “continued support of the House of Representatives of the Central Bank and the independent policy for a sophisticated banking system is able to mobilize the financial resources of the country, and re-allocated to the service of economic activity.” (more…)

Sunday, 01 September / September 2013 14:49

In statistical prepared and all of Iraq [where] the auction sale and purchase of foreign currency emerged that the Iraqi central bank sales of the dollar has reached during the last month of August 4 billion and $ 563 million and $ 751.

According to central bank data daily, these huge sums sold a stable exchange rate is 1166 dinars per dollar, while the dollar sold on the black market at about 1220 dinars to the dollar. (more…)

Prestige of the Iraqi dinar

29/08/2013 12:00 AM
Yasser incumbent
and one of the most important processors Iraqi dinar exchange rate towards enhancing purchasing power and restore its true value through imposed in international transactions business was or investment, so it was a step Iraqi cooperation Indian via this mechanism منجزا economically significant in the future. (more…)

27-08-2013 11:37 AM

Baghdad (news) .. A member of the Economic Commission Kurdistan Alliance MP Jassem شنكالي, that the entry of Iraq as a permanent member of the world body for securities will increase its shares in international companies. (more…)

Parliamentary Economic Committee surprised the survival of the exchange rate of the dinar against the dollar at 1,200 dinars
– AUGUST 25, 2013
BAGHDAD – Eastern, Aug. 25: amazed at the Economic Committee in the Iraqi parliament survival of the exchange rate of the Iraqi dinar against the U.S. dollar in the local market value of more than 1,200 dinars, while the sovereign balance of the $ 76 billion Iraq.

He demanded Commission decision Mahma Khalil during a news conference the central bank to develop a plan and an effective policy for the advancement of the economic reality of Iraq and seize the opportunity of the country’s exit from Chapter VII

A: this is not the time to delete the zeros because of increased rates of inflation

25-08-2013 11:52 AM
Baghdad (newsletter). Stressed by Economic Affairs called Abdul Hadi, the time was not ripe for delete zeros from the currency because of the high rates of inflation in Iraq.

Abdul Hadi (News Agency): the Central Bank determines the time for the deletion of zeros that need parameters and data bank with high transparency.

He added: this is not the time to delete the zeros because inflation continues to rise in Iraq, although these percentages are not significant, noting that the deletion was needed to stabilize the Iraqi currency in order to make it easier for the citizen.

The parliamentary Economic Committee agreed that the implementation date of the project to delete the three zeros from the currency when early next year

59624c79cf4b8e4779fc1993fd87b008Economic parliamentary calls for the central bank put a new strategy to raise the value of the dinar for the advancement of economic reality and to achieve the desired goal

The parliamentary economic committee confirmed that the central bank has failed to invest out of Iraq from Chapter VII to enhance the value of the Iraqi dinar against the dollar confirming that it will host a proxy bank governor and officials to find out the reasons (more…)

August 21, 2013
Securities Commission working on the entry of Iraq to the world body for securities after the withdrawal of Iraq from the provisions of Chapter VII of money. (more…)

Economist: Iraq did not exploit his release from Chapter VII until today

August 20, 2013, 5:16 pm

Said economic expert on behalf of Jamil Antoine, Tuesday, that Iraq did not benefit from his release from the provisions of Chapter VII until today, attributing this to the absence of economic plans and the deteriorating security situation in the country. (more…)

19 Aug 2013
Economic Analyst, Ibrahim Al-Mashhadani attributed that declining non-Iraqi dealings in Iraq market for securities to lower the value of shares traded and the unstable security situation in the country.

He stated that the foreign investors are worried on the financial speculations of the country. Investors are concerned about buying stocks in Iraq market for securities because of the deteriorating security situation; the time is not appropriate and not profitable. (more…)

The meeting saw the research activities of the UN mission in Iraq and the keenness of the government and the Ministry of Foreign Affairs to facilitate the task and work internationalist mission within its mandate and in coordination with the Government

He Iraqi Foreign Minister Hoshyar Zebari, on Monday, expressed his appreciation for the efforts of the United Nations Mission (UNAMI) to remove Iraq from Chapter provisions of Chapter VII, as discussed with the Deputy Secretary General for Political Affairs Jeffrey فليتمان diplomatic efforts to convene a conference of Geneva II for peace in Syria . (more…)

Screen Shot 2012-09-20 at 9.26.27 AM16 Aug 2013

The lifting of the international sanctions from the Iraq government has taken place recently. This led as a chance for the Iraqi government to reduce the difference between Iraqi dinar and other foreign currencies.

There are so many discussions taking place of late and most of the economists favor Iraq to omit zeros from its currencies. The Central Bank of Iraq is looking at this matter with high concern and due to building process of strategies, there are some delays. However, there is a threat that has been clouded around the Iraqi economic scenario, regarding this delay from the end of the Central Bank of Iraq authority. It is assumed that Iraq may lose billions of dollars due to this delay. (more…)

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Leader of the National Alliance, Haider al-Abadi

Parliamentary Finance reveal postpone the deletion of zeros until after parliamentary elections

Author: MK
Editor: HH, OK 15.08.2013 15:20

Revealed the Finance Committee in the House of Representatives on Thursday to postpone the process of deletion of zeros from the currency until after the next parliamentary elections, while confirming that the government demanding guarantees for currency Replaced not return to markets and forgery.

Committee Chairman Haider al-Abadi said in an interview to (range Press), “The Finance Committee supports the replacement of the currency and delete the zeros because it will initiate the calculation,” stressing that “it is possible to delete the zeros from the current currency, but it has been postponed until after the parliamentary elections.” (more…)

Screen Shot 2013-06-28 at 7.52.08 PMThe lifting of international sanctions on Iraq Government before a historic opportunity to increase the value of the dinar to the highest levels against foreign currencies, by approving a Bill eliminated currency and which will reduce the size of the money supply and restore confidence to global oil balance added to Golden balance in international banks and successive political conflicts and contributed to the crisis, the Central Bank to delay passing the draft eliminated currency that it was hoped that during the current year, after completion of all project actions, this delay will cause loss of billions of dollars Iraq Each year, the Student Council Presidency Ministers earlier the Central Bank to wait to delete the three zeros from the local currency, as a major project, and requires sufficient time to apply.


ooo09 Aug 2013

Parliamentary commission of economy and investment of the Central Bank has been called by Iraq news network, in order to discuss the significance and process of deletion of zeros from the Iraqi currencies.

It has to be noted that Iraq has recently got freedom from the sanctions of Chapter VII and according to the economic experts; it is advantageous to make decisions regarding restructuring of Iraqi currency at this moment. As the sanctions have been withdrawn, it is expected that Iraq will gain more business power in the world and will soon become a popular place for business venture. (more…)

08-08-2013 08:19 AM
Baghdad (newsletter). Member of the Finance Committee, MP for the Kurdistan blocs Coalition//Jimmy, the intention of its special Act legislation for banks supports the Iraqi banking system with the participation of international experts and financial advisers.

He said capable (News Agency): the current banking law is supportive of banks permitted investment and technological techniques in modern banking, being a work in old non-innovative mechanisms and not keeping pace with developments in world banking. (more…)

Industrial development expert said at the United Nations [UNIDO] Ali al-Sudani said “the scourge of corruption hinder investment in Iraq.”

He said the Sudanese in a statement received news agency public opinion a copy of “out of Iraq from Chapter VII is an important event and embarrassment in the history of modern Iraq and a means important to bring about developments and gears quality levels of technological and scientific in all economic sectors, research and scientific, he also gives the financial and banking sector greater freedom and more credibility in dealing with global banks and in a form which provides financial cover depends upon by the foreign investor to enter into a large and important projects in Iraq. ” (more…)

Screen Shot 2012-11-27 at 11.49.09 AMShammari calls to set a date to reset the Iraqi currency
Posted on: 08/07/2013 19:24:15

BAGHDAD / With: spokesman called white parliamentary bloc Kazem Al-Shammari to make an appointment to reset the Iraqi currency.

Al-Shammari said in a press statement, received a “news the future,” a copy of it, that “the high volume of reserves of Iraq from foreign currency to $ 76 billion in addition to the 30 tons of gold bullion, and out of Iraq from Chapter VII, make it necessary to set a date to reset the Iraqi currency . “ (more…)

Screen Shot 2013-02-16 at 12.22.47 PMMehma Khalil called Central Bank currency structure project
August 8, 2013 In economic

Baghdad: Iraq news network called the Parliamentary Commission on the economy and investment the Central Bank of Iraq, the need to delete the zeros of the Iraqi currency after the land was available and exit Iraq from Chapter VII, and the economy is expected advantages and the results summary of Security Council-imposed penalty. (more…)

08-08-2013 08:19 AM

Baghdad (news) .. Said a member of the Finance Committee MP / coalition of Kurdish blocs / Dler able, for the intention of its enactment of a special law for banks supports the Iraqi banking system with the participation of international experts and financial advisors.

said is capable (of the Agency news): The Banking Act current is supportive for banks and allowed investment and the use of technology technological modern banking business, as it works according to the mechanics of old is novel and not keep pace with the developments in the world in the field of banking. (more…)

07/08/2013 12:00 AM

Baghdad morning began major international companies put Iraq at the forefront of the most important in the world because of the high demand for advanced technology, especially in the telecommunications sector. was chosen Iraq by LG Electronics of states strategy, which will be launched by the latest at the same time in the world to market Iraq is of great significance for (LG) and announced that her pioneering expected to carry the name «G2» for launches by its «G», the brand’s most exclusive chosen to be the slogan for their phones special and distinctive, which would fall under its umbrella all phones elites smart «LG» . This will retain phones chains previous «LG» symbols and markings that campaign has launched without making any change them. (more…)