Posts Tagged ‘Local currency’

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…)

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Tuesday, November 12, 2013

(Reuters) – Abdul Basit Turki Saeed Iraqi Central Bank Governor on Tuesday that Iraq plans to issue bonds in local currency for the first time since the overthrow of Saddam Hussein, which would allow the country’s new tool of monetary policy.

told Saeed told Reuters on the sidelines of a conference in Geneva that the first issue of bonds is expected to be worth three billion Iraqi dinars ($ 2.58 million). ,

adding that this would be the first time that the issuance of bonds for fiscal policy and not for the purpose of funding. (dollar = 1165.000 Iraqi dinars)

bit.ly/1aDaxmf

Sale of crude oil in local currency

09/25/2013 12:00 AM

said researcher economic state fair: that of Iraq to sell crude oil in local currency depends on the stability of the general situation of the country as well as the stability of the dinar exchange rate and recorded as currency global.

said in a statement (morning) that the moment is appropriate to take such a step because stability currency linked to the stability of the economic situation and the country’s public, as well as that any fluctuation is happening in global oil prices will directly affect the value of the Iraqi currency. (more…)

26-08-2013 10:34 AM

Baghdad (newsletter). He is a member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy is capable, with the Iraqi and Indian sides talks to agree on the economic and trade dealings of the two countries in local currency, saying that it would support the value of the dinar and make it highly desirable. (more…)

BAGHDAD / obelisk: The Central Bank of Iraq, Sunday, not to cancel the restructuring of the Iraqi currency project goal by deleting three zeros, indicating that the project is still in place, and that the bank agreed with the government to postpone the implementation of the project at the moment.

(more…)

Economist: project application must delete the three zeroes to serve the citizens and the local currency
Date: 10/05/2012 15:42:39 Friday

Baghdad (news) .. Stressed the economic expert عبدالحسن Shammari, the need to apply the project to delete the three zeroes from the currency because it hurt to serve the citizens and the national currency by reducing the masses of cash with groups large in the local market. (more…)

A member of the parliamentary economic excludes the deletion of zeros from the Iraqi currency at the moment
Wednesday, 03 October 1 / Okrudolf 2012 17:11

Excluded member of the parliamentary economic committee Nahida Daini today that the central bank deletion of zeros from the local currency at the present time because of the instability of the political and security situation in the country.

The Daini told all of Iraq [where] today that “the parliamentary economic committee with the project to delete the three zeroes from the local currency, but not at the current stage because what remains political and security situation in the country is stable,” excluded “the central bank to work with this project at the present time “. (more…)

Said committee member economic MP Salman al-Musawi for the rule of law, that the project to replace the currency after deletion of zeros which does not help to support the national economy, but the success of the project depends on the strength of the economy and the stability of the domestic market. (more…)

On: Wednesday 8/8/2012 6:27

said a member of the Committee of Economy and Investment Attorney Nora Albjara, that the House of Representatives received a formal letter from the Central Bank containing details of the project to delete the three zeroes from the currency and calls for its application early next year, saying there is no objection large by the House of Representatives on the implementation of the project that the country has initializer is still to replace the national currency. (more…)

Member of the Committee on economy: Central Bank officially informed the House ready for a project delete zeros … The interception of a representative around it
Date: 2012-08-07 12: 01: 44 Tuesday

Baghdad (News) … According to a member of the Committee on the economy and investment Deputy/Iraqi/coalition albegari, Nora House recognizes a formal letter from the Central Bank that includes details of three zeros from the currency deleted and called for its application early next year, saying there is no objection by the House of representatives on the implementation of the project that the country still is not formatted to replace the national currency. (more…)

06/18/2012 0:00

said the decision of the Economic Commission Deputy Mahma Khalil, that change the shape of the local currency after you delete the three zeroes of which does not require new legislation of its own because the law of Iraqi banks allowed the central bank to issue a new currency and select the shape. (more…)

17/06/2012
Baghdad (news) reported decision of the Economic Committee MP for the Kurdish coalition blocs Mahma Khalil, that change the shape of the local currency after deletion of zeros of the three of them do not need new legislation of its own because the law of Iraqi banks allowed the central bank to issue a new currency and select the shape. (more…)

05/06/2012 0:00

BAGHDAD – Al Sabah
announced by the Finance Committee MP Najiba Najib announced the opening of the Directorate of Anti-Money Laundering by the Central Bank in accordance with specific controls to reduce the danger to the national economy. (more…)

24/05/2012 0:00

gave the central bank, yesterday, a proposal to form a joint committee shall study the decision to delete the zeros from the currency.

The deputy governor of the Central Bank of the appearance of Mohammed’s “Centre news for the Iraqi Media Network” yesterday: The proposal, sent to the Government for the formation of a committee to study the application of the decision to delete the zeros from the currency, comprising representatives of the Central Bank of Iraq and the Council of Ministers and Vice specialists from Parliament. (more…)

21/05/2012 08:14
BAGHDAD / center news for the Iraqi Media Network – Authority confirmed Iraq Stock Exchange that the deletion of zeros from the local currency hurt at the current stage the level of stock trading in the Iraqi market for securities. (more…)

On: Sun 04/22/2012 0:59

The head of the Economic Committee in the House of Representatives Ahmed Alwani, a draft decision of the patient as deleting three zeros from the currency issued by the General Secretariat of the Council of Ministers, considering the current time is not ideal, and it needs a long time to implement it. (more…)

Date: Friday, 20-04-2012 12: 10 pm

Baghdad (newsletter) … The parliamentary Economic Committee welcomed the decision of the General Secretariat of the Council of Ministers await the draft deleted three zeros from the Iraqi currency, saying time is ideal, and needed time to implement it.

And Economic Committee Chairman MP/Iraqi/coalition Ahmed Al-alwani (News Agency news) on Friday: the resolution issued by the Presidency of the Council of Ministers to postpone the project deleted three zeros from the local currency is professionally before politically, because the draft was important and needed time to study and identify the most critical, the fact that the Iraqi dinar is a national currency and no ideological or national identity. (more…)

Three zeros
Ali Jassim
15 April, 2012 02:34:00

Among the responsibilities of the Ministry of Finance – known to all of us – and perhaps the most important responsibilities is to maintain the value of the local currency of the state and work to improve the level of economic cooperation with a number of other ministries and government institutions concerned with this trend, and make all possible efforts to minimize any harmful effects may affect the status and value of the currency and kept away from the external market and the effects of shocks facing the global economy from disasters and major incidents affecting the economy in the fragile and too big for both . (more…)

26-03-2012 11:02 AM
A number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of stocks of State to 20% after it witnessed during the current year 80%.

said an economist and professor at the University of Mustansiriya Radi al-Husseini that the ‘stock of Foreign Affairs of the Stock Exchange will drop to 20 % if the Iraqi Central Bank to raise three zeros from the local currency, because it is not something organizationally, but beyond that where it causes obstruction of financial transactions, including block the signing of an agreement with the brokerage firm, in addition to delay the signing of authorization form with the brokerage firm because the foreign investor believes that a change of currency will reduce profits. ‘ (more…)

Baghdad, March 25 / March (Rn) – The number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of foreign equity to 20% after it experienced during the current year 80%.

He said an economist and professor at the University of Mustansiriya Radi al-Husseini, told the Kurdish news agency (Rn) that “the stock of Foreign Affairs of the Stock Exchange will drop to 20% if the Iraqi Central Bank to raise three zeroes from the local currency, because it is not something organizationally, but beyond that where it causes obstruction financial transactions, including block the signing of an agreement with the brokerage firm, in addition to delay the signing of authorization form with the brokerage firm because foreign investors believe that the change of currency will reduce profits. “ (more…)

Baghdad, March 24 / March (Rn) – The body of the Iraq Stock Exchange today, Saturday that the deletion of three zeros from the local currency will not affect the level of equity investment of external and internal.

And announced that the Securities Commission for its off day starting from Sunday until next Thursday in response to the holiday announced by the Iraqi government. (more…)

On: Sun 11/03/2012 18:09

Expansion in money laundering operations

Warned a number of financial experts, the federal government of the central bank is implementing a project deleting three zeros from the local currency, stressing that there are negative impacts will occur on the Iraqi economy in the event of the implementation of this project and it is through the spread of money laundering operations, as well as the expansion of counterfeiting (more…)

Formed the parliamentary Economic Committee in cooperation with the Central Bank of a joint committee to begin the process of deleting the zeros of the local currency. Said MP Abdul-Hussein Abtan “The Committee will oversee the process the process of removing zeros from the local currency, which is scheduled to begin next September.” (more…)

Formed the parliamentary Economic Committee in cooperation with the Central Bank of Iraq a joint committee to begin the process of deleting the zeros of the local currency.

A member of the Committee Abdul-Hussein Abtan “It is scheduled to begin the process of removing zeros from the local currency during the month of September next,” he said (more…)

10/03/2012

Formed the Economic Committee in the House of Representatives with the Central Bank of Iraq to a joint committee to begin the process of deletion of zeros from the local currency. Said MP Abdul-Hussein Abtan told the Kurdish news agency (Rn) that the Economic Commission formed a joint committee with the Central Bank of Iraq yesterday (Thursday) to oversee the process of deleting the zeros of the local currency

Which is scheduled to begin in September next. “He added that” the Commission will provide the technical requirements and legal, administrative and paint the nature of the Iraqi market and its relevance to the deletion of the currency during the stage preceding the start delete currency as well as increase public awareness about the details of the process of removing zeros from the currency. ” (more…)

08/03/2012 15:39

Baghdad, March 8 (Rn) – The Economic Committee in the Iraqi Council of Representatives, Thursday, they formed the Central Bank of Iraq with a joint committee to begin the process of deletion of zeros from the local currency.

Said Abdul Hussein Abtan told the Kurdish news agency (Rn) that “the Economic Commission formed a joint committee with the Central Bank of Iraq on Thursday to oversee the process of removing zeros from the local currency, which is scheduled to begin next September.” (more…)

Announced that the Economic Commission for parliamentary [in] agreement with the Central Bank of Iraq to begin the process of removing zeros from the local currency in September.

The central bank announced earlier that he is considering the requirements of the project to delete the zeros of the local currency with the Council of Ministers in terms of need process for the enactment of the organized or not.

A member of the Economic Commission Abdul-Hussein Abtan told the Kurdish news agency said that «the Economic Commission agreed with the Central Bank to begin the process of changing the local currency in September next». (more…)

Posted 19/02/2012 08:05 AM

BAGHDAD – Babinaoz (Reuters) – announced that the Economic Committee in the House of Representatives, in an agreement with the Iraqi Central Bank to begin the process of removing zeros from the local currency in September.

The central bank had announced earlier that he is considering the requirements of the project to delete the zeros of the local currency with the Council of Ministers in terms of need process for the enactment of the organized or not.

A member of the Economic Commission Abdul-Hussein Abtan “Economic Commission agreed with the Central Bank to begin the process of changing the local currency in September next “. (more…)

On: Tue 1/31/2012 7:56

Central Bank announced it had begun to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of its own legislation, setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him the powers of a change in their local currency. The deputy governor of the Central Bank of the appearance of Mohammed According to Saleh (Rn) that the bank submitted a working paper for the project to delete the zeros of the local currency to the Council of Ministers for the involvement of ministries and agencies

Requirements in the process of deleting the zeros to prevent harm from the process. ” (more…)

Date of Publication 22/01/2012 12:00 AM

Director of the Bank of the Middle East:

Iraq on the eve of a real revolution in the fields of investment and development backed by large numbers of financial returns resulting from high rates of production of oil and gas, banking sector is invited to play a leading role in this revolution. Commissioner to speak to the Director of the Bank of the Middle East Iraqi investment sentenced George Behnam, which calls for a required amendments to the Banking Law in preparation for this phase. «Weekly» Interview. (more…)