Posts Tagged ‘Currency’

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. (more…)

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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. (more…)

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’. (more…)

Member of the Committee expected the economy and investment representative Aziz Sharif al-mayahi project raise zeros from the local currency early 2015.

The Central Bank of Iraq more than two years studying the issue of lifting the zeros of the Iraqi currency but until now did not take firm decision on this matter. (more…)

Friday, 20 December / 1 December 2013

Urged the Economic Committee in the House of Representatives stakeholders from the central bank and security departments, placed on attention to counterfeiting because of their negative effects on the country’s economy, as an economist downplayed the significance of it being very limited.

A member of the Economic Commission MP Amer Al-Fayez, warned of the seriousness of the impact of counterfeiting on the economy of the country, noting that the security situation is stable and the border is controlled entirely contributed to finding this matter. (more…)

CBI seeks to delete three zeros from the Iraqi currency since 2003. A project that raises many concerns on the street level and the business community of Iraq, and it seems economists are divided between supporters of the project see it as an opportunity to reduce the rates of inflation and unemployment, among forewarned of economic shocks may dominate the Iraqi market due to the application of this project.

The delayed implementation of the project after it has been amended, the central bank, more than once due to concerns based predominantly to the security situation and uncontrolled open market to foreign goods without restrictions and counterfeit currency circulating in the market in addition to the rampant corruption in the country. (more…)

Economy

(Legal) Convertibility of the dollar to the outside will not affect the currency

16/12/2013 05:23 PM

Ruled out a member of the Economic Commission Attorney Nora Albjara, the effect of converting large amounts of dollar to the outside through the central bank auction on what exists of it in Iraq. (more…)

Posted 14/12/2013 05:07 PM

Called for an economist to delete three zeros from the Iraqi currency, the promise of its existence as a successor to serious damage in the operations count amounts of cash huge.

said economic expert, a member of the Finance and Banking at the University of Wasit Abdul-Karim al-Tai told the National Iraqi News Agency: “The zeros present in the Iraqi currency has a negative impact on operations count amounts of cash huge lead to fall into mistakes while conducting census by the staff of the Ministry of Planning. (more…)

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…)

Migrate project to delete the zeros to the next government

Parliamentary Finance Committee confirmed the deportation of the project to delete the zeros from the national currency to Iraqi custody next year, any new government after the elections, and said that the implementation date will remain postponed until now. (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…)

Delete the zeros .. Eliminate fraud and to support the national economy

Continuous attempts to reach a final agreement between the parties that hold the reins of financial matters in the country in regards to the process of deletion of zeros from the Iraqi currency, which is much talk about since approximately two years, but the issue is exposed each time to criticism and rejection of before parties may be controlling the flow of currency in the country, but the CBI Boukbraúh seeks to resolving the issue and come to a good investigator for the hopes of not disappointing to the aspirations of the people who always sought to avoid entering into economic crises Other may Tnhechm. (more…)

Economists: the present time is not suitable to replace the Iraqi currency

after preparations long it took 5 years for the process to delete the zeros and replace the Iraqi currency came today to announce the central bank to stop these measures and postponed to another slogan for many reasons hindered the march of the central bank in the removal of three zeroes, bankers said (citizen) .. that the present time is suitable for the replacement of the currency and favored the postponement of the project to the time of the restoration of security in Iraq. (more…)

Screen Shot 2013-12-10 at 5.15.17 AMAnnounces the postponement of the parliamentary Economic implement raise zeros from the currency to the next parliamentary session
Tuesday, 10 January 1 / December 2013 07:38

Announced the parliamentary Economic Committee, the central bank to postpone the project raise zeros from the Iraqi currency to the next parliamentary session.

Committee member, said the MP for the Kurdistan Alliance, Najiba Najib, told all of Iraq [where], “The project to delete the zeros feet of the previous administration of the Central Bank at the time of any Shabibi former Fed governor . ” (more…)

For fear of confusing the Iraqi market .. Central Bank of retreating from the deletion of zeros and the issuance of a new currency

Stressed the central bank, yesterday, his inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market.

As confirmed by a parliamentary committee that it “supports the decision of the bank, which was taken in consultation with the Council of Ministers,” to protect the stability of the Iraqi market. (more…)

CBI Confirms Its Inability To Delete The Zeros Of The Iraqi Currency

December 8, 2013
Baghdad: Iraq News Network – The Central Bank of inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market. (more…)

Economic criticizing the central bank to print Banknotes is solid
04/12/2013 10:50
BAGHDAD / Source News / .. Economic expert criticized Jalal teller, Wednesday, the central bank to print banknotes is solid or solid, although it is printed in Britain.

He told the teller / Source News / “The current currency Almtdolh is solid or solid even though it is printed in Britain and the Central Bank of Iraq is responsible for that.” (more…)

05-12-2013 10:00 AM

Baghdad (news) .. Said economic expert Dargham Muhammad Ali, to the present time appropriate for the application of the project to delete the three zeroes from the Iraqi currency, the fact that the exchange rate of the dinar relatively stable during the current period. (more…)

Deputy for the citizen: raise zeros reflects the image of the development of the Iraqi economy

December 3, 2013,

A member of the parliamentary Economic Committee Abdul-Hussein Abtan said Tuesday that the “lifting of zeros from the Iraqi currency will not affect the economy, but it will reflect the evolution of the economy and the ability of Iraq cash. (more…)

04/12/2013 14:12:00
Baghdad/ NINA /–The governor by interim of the Central Bank of Iraq Abdel Basset Turki discussed with Italian Ambassador Massimo Maruti the fields of economic cooperation and aspects of banking business development.

(more…)

Editor: NF, RS 12.03.2013 17:41

Criticized a number of owners of companies banking financial, Tuesday, crackdown that followed the central bank and the routine which controls procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions, and while stressed that the CBI lacks regulations in its dealings, pointed out that what puts the bank of instructions and controls “and the harsh injustice.” (more…)

Economists: the need to issue coins for small groups

PM: 12:20:02 / 12/2013

Suffering of the Iraqi street of the scarcity of the currency of a small category (250, 500 and 1000) dinars, and found it undamaged and Mthtrh, and became citizens upset of used and especially the owners of taxis and commercial markets, but they accepted the deal out to preserve the continuation of their work flow. (more…)

Sunday, 01 November / 1 December 2013 07:05

According to statistics prepared by all of Iraq [where] that dollar sales at the central bank auction last month rose in November for auction sales in October.

Amounted to dollar sales in the month of November 3 billion and 803.691 million compared to $ two billion and 191 million and 456 000 dollars in October while sales were during the month of September 5 billion and 275 million and 645 000 dollars in the month of August 4 billion and 563 million and 751 000 dollars. (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 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…)

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…)

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…)

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…)

11/24/2013 17:00

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 Bank in the management of the economy,” and pointed out that the zeros “will not raise for the Iraqi currency now for not suitable circumstance. ” (more…)

24-11-2013 01:40 PM
Free –
Revealed the CBI, on Sunday, the arrival of 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’ to the Iraqis.

The governor of the Central Bank and the Agency, Abdul-Basit Turki, in a press statement that ‘bank accounts the beginning of October 2013 the past, recorded a reserve exceeds 76 billion dollars of hard currency’, noting that ‘accounts in November current, exceeded the barrier of 88 billion dollars those currencies’. (more…)