Posts Tagged ‘iraqi’

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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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 .

(more…)

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. ” (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…)

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…)

2013-12-17 By Khalid al-Taie in Baghdad

The Iraqi parliament has authorised the establishment of an institute for financial and banking training to develop the skills of government banking sector employees and bring them up to date with the latest electronic systems and technologies.

“Despite the enrolment of a number of their staff members in training courses and programmes inside the county and abroad, Iraqi banks are still in need of further efforts to train and develop human resources,” he said. (more…)

12/18/2013 0:00

because of the enormous potential and raw materials and geographical location to Iraq and Kuwait, experts found the possibility of the country a major economic power in the region.

According to the economic expert Tawfik inhibitor, there is a possibility of that, despite his assertion that it requires time and effort. said Mani told (morning): “We must give equal opportunities between the two countries, because Kuwait had previously offered several industrial projects 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…)

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…)

10-12-2013 12:21 PM
Baghdad (newsletter). Oil and Energy Committee, the importance of read investment Bill, because it will boost the oil sector by attracting foreign and domestic companies to invest in the oil sector.

The oil Commission said MP/Kurdish Alliance (News Agency): the old oil investment law was seen on the investor ‘ thief ‘ for riches, but after the amendments before the Parliamentary Committee on oil specialists to make the law as seen on the investor and major contributor to the economy. (more…)

Screen Shot 2013-11-29 at 3.42.07 PM12/11/2013 0:00

Stressed the importance of increased security cooperation, economic and political

marked by official visits made ​​by the Prime Minister recently, many of the pros, which is able to bring Iraq back to normal in the international map, especially as the objective of such visits, according to parliamentarians, is the activation of many aspects of economic, political and security, which is able to have tremendous benefits for the country, as well as the ability to remove the misconceptions about Iraq, which is seeking several actors to consolidate intentionally. (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…)

12/07/2013

Carry Economists Iraqis on Saturday, “the new political order,” the responsibility of the deterioration of economic growth, and stressed that the increase in oil revenues, “tempts the governor to continue in office and increases the power of individual”, as attributed exceeded imports of 70 billion dollars in 2013 to “ignorance in water resources management helm, “called for” the formation of a body to manage financial resources managed by economists away from the political parties. ” (more…)

Specialists: the next election programs must be economical to activate the role of the private sector and economic development in the country

Collect experts in economic affairs programs to be fully forthcoming election economic and not political programs or parties rely on different nationalities and religions, stressing the need to activate the role of the private sector in the promotion of the country’s economy. (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…)

25-11-2013 09:40 AM

Iraq continues to expand its oil resources, but the diversification of the economy by about bigger is necessary, according to an analysis of what he saw Qatar National Bank QNB.

The analysis, published by the newspaper Gulf News UAE’s English-speaking, that in the wake of the Iraq war, the expansion of oil production in Iraq quickly, what produced a rise in the gross domestic product of $ 1750 in 2005 to more than 6300 dollars in the year 2012 in spite of social context is difficult. (more…)

11/29/2013 12:03

warned the parliamentary Economic Committee, the survival of the Iraqi economy is dependent on oil as a major source of the state, calling for a diversification of state revenues to avoid the financial problems of the country’s economic potential. (more…)

28-11-2013 04:37 PM
Baghdad (news) .. Search first deputy chairman of the Iraqi Parliament Qusay al-Suhail with a delegation from the World Bank, headed by the Regional Director of the World Bank Fred Belhadj, the development of human capacity and Iraqi banking systems in place in the country, as well as future plans for the institutions of the World Bank in Iraq. (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…)

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…)

iraqimoneyyy4567898Economic Parliamentary Rule Out The Deletion Of Zeros From The Iraqi Currency
On November 21, 2013 in the economic

Baghdad: News Network Iraq – ruled out of the Commission of Economy in the House of Representatives, the deletion of zeros from the Iraqi currency during the next two years, indicating that the deletion of zeros depends on stability, security, political and economic. (more…)

18-11-2013 10:00 AM

Iraq faces the challenge of how to achieve greater economic diversification despite the continued expansion of the exploitation of its oil resources, nor the Iraqi economy is still suffering structural weaknesses, such as the small size of the non-oil sector and the dominance of the public sector at all joints of the economy, and the lack of an enabling environment for doing business. (more…)

30d130786c46ff17915cce908927d11d11:35
member of the Economic Commission parliamentary MP Hassan Salman, Sunday, that the process of lifting the zeros from the Iraqi currency will strengthen the dinar and raise its value, stressing that the process will be completed during 2015.

said Salman for “tomorrow Press,” that “there are countries fought a process raise zeros and achieved success on the economic side, “adding that” raise the value of the zeros from the Iraqi currency raises the value of the dinar and makes it more heavily in Iraq and abroad. ” (more…)