Posts Tagged ‘United States Senate Committee on Finance’

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…)

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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…)

Finance: The government will send a budget this week

12.16.2013

Ahmed Mohamed parliamentary Finance Committee announced that the government will send a draft law on the federal budget to the House of Representatives during the current week.

She said the adoption of the budget discussions will take two months at least. Committee Chairman MP Haider al-Abadi’s «future» yesterday that according to our information, the draft general budget of the federal government will reach to parliament during the current week. (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…)

Parliamentary Finance welcomes the decision of the application of tariff and calling him a “right”

12/11/2013 21:27
Tomorrow’s Press / Baghdad, described the parliamentary Finance Committee, on Wednesday, the government’s decision to apply tariffs to “right” demanding legislation to ensure that all laws supporting the private sector. (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…)

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…)

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…)

Screen Shot 2012-11-27 at 11.49.09 AMCBI issued a statement on the parliamentary and currency: the issuance of local currency bonds will improve the value of the Iraqi dinar

Monday 11/18/2013 04:34 am

He denied the CBI, what some of the media, about the timing of the direct project restructuring of the Iraqi currency and deleting three zeros of them, stressing that such timing is Matrouh now that this project is in coordination with the government and related institutions. (more…)

Financial: distribution of oil revenues to citizens would increase inflation in the country

20-11-2013 10:36 AM
Baghdad (newsletter). The parliamentary Finance Committee warned of the proposed allocation of oil revenues to citizens, it would increase inflation in the country would affect the federal budget. (more…)

Economy | 17-11-13 at 19: 33

a member of the parliamentary Finance Commission Abdul Hussein Al-yasiri, the Bank informed the Committee that he would try to raise zeros from the currency beginning in 2014. (more…)

13:00 17/11/2013
Central Bank has submitted to the Finance Committee zeros currency beginning of 2014

Told the Iraqi Central Bank, the Finance Committee in the House of Representatives that he will try to raise zeros from the currency beginning in 2014.

Said committee member Abdul Hussein al-Yasiri in a press statement that “the application of the decision to lift the zeros, will contribute significantly to reducing the monetary blocs to quarter, which coincides with the increase in the value of the Iraqi dinar.” (more…)

Economy | 17-11-13 17: 44

Finance Committee MP/Kurdish Alliance/smart Najeeb, the new Central Bank issue bonds in dinars within the Bank’s policy to improve the value of the Iraqi currency against other currencies. (more…)

15/11/2013

Intends to CBI, as part of its plans to reduce the level of inflation, to issue a bond loan in Iraqi dinars, and for the first time since 2003.

announced general manager combating money laundering and terrorism financing in the bank Khalid Hameed Cltag, the issuance of these bonds will pull block yet Markets estimated three billion dinars. to that expressed Economists satisfaction with the move, which they described as good, and said it will contribute to reducing inflation, calling for the central bank to the need to educate the citizens of the importance of these bonds and benefits of financial such as launch. (more…)

15-11-2013 08:49 AM
Baghdad (newsletter). He is a member of the Finance Committee MP/iraqiya Hassan Al-Bayati, the need for a new law to keep pace with the evolution of international banks to develop the work of the local banks.

He said Al-Bayati (News Agency): the amendment to the Banking Act of 2004 new purpose because many legal loopholes was hindering the work of the local banks, especially in the use of modern technologies in banking. (more…)

WEDNESDAY, OCTOBER 06, 2 / NOVEMBER 2013 13:17
parliamentary Finance Committee asked the federal government to resolve all official books of financial problems with the Kurdistan Regional Government before the assignment of the draft federal budget for 2014 to the House of Representatives.

Committee member said Najiba Najib’s “Twilight News”, “We in the Committee we made a formal request to the government spends resolving the financial problems with the Kurdistan Regional Government in the draft federal budget for next year before referring it to the House of Representatives.” (more…)

04-11-2013 10:33 AM
Baghdad (newsletter). Member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy, to the need to adopt an economic plan to support the private sector and other productive sectors to achieve sustainable development in the country.

He said sources (News Agency): that Iraq lacks a clear economic plan and good despite the many plans being developed by the Ministry of planning and the Government but they did not meet the desired objectives, so that the economy needs the reforms adopted by the Government. (more…)

29 October 2013
Predicted Chairman of the Finance Committee in the House of Representatives Haider Abadi, the late arrival of the draft 2014 budget law to the Council to contain the problems in the financial structure, revealing that the discussions of the Ministerial Committee for examining the details of the ongoing budget.

He Abadi hoped the arrival of the budget to the House of Representatives before the holiday legislative and the end of the year, according to the constitution, likely delayed arrival and استغراقها in the discussions to the next year, which is unwelcome to overlap with the campaign because it will affect ordinary citizens and affect the activity of the state in general and enters bargains . (more…)

24-10-2013 10:30 AM

Baghdad (news) .. Financial expert attributed Ahmed ابريهي, the cause of the scarcity of small-class currency in the Iraqi market, to the unwillingness of banks to deal and do not receive from the central bank.

He said ابريهي (of the Agency news): that most banks do not receive a paper currency with a small class (250, 500 and 1000) dinars, the central bank and to go ahead deal out, Maady to scarcity in the Iraqi market. (more…)

Movement of funds to “Alگoana” banks lack modern techniques

26/10/2013

Despite the rapid development in the world of banking, and the recovery of the movement of money in the countries of the world through modern technology, employing the Internet, is still Iraqi banks adopt traditional systems of old, and uses most of its personnel manual methods widely used for the completion of banking services, causing delay completion of course and increase the opportunities for corruption financial and administrative. (more…)

October 24, 2013
Economist calls for Iraqi banks to deal with small class currency to satisfy the need of the market
BAGHDAD – ((eighth day))

Economic expert called Ahmed, today, Iraqi banks to deal in the same category currency from the central bank to satisfy the need of the market, stressing the need to receive large numbers of the central bank and put it on the market. (more…)

Smart answer: open branches of Iraqi banks abroad will boost the economy and investment

21-10-2013 12:50 PM
Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, Iraqi banks to open branches in the world, saying that such a step would open the field of investment and banking transactions in other States.

Najib said (News Agency): the Iraqi banking system continued to improve, and that opening of branches of banks in foreign countries will serve the sector and expanding investment opportunities, inviting private banks to open branches to support and strengthen its supplier. (more…)

Financial: the Central Bank is required to develop a plan to improve the work of local banks

21-10-2013 11:30 AM
Baghdad (newsletter). The parliamentary Finance Committee, called the Iraqi Central Bank to a strategic plan for the development of the work of the local banks, according to the evolution of global banks, in order to contribute to the support and development of the national economy.

The Vice-Chairman of the Committee, said attorney Ahmed Faizullah (News Agency): existing banks in the developed countries and even advanced began with modern high technology, so its automatically instead of handmade, which is still followed in some local banks. (more…)

10/19/2013

Called on the Finance Committee in the House of Representatives, the Iraqi banks to activate some modern banking services, such as the settlement of financial transactions through mobile phones, or credit cards, so as to reduce the handling of paper currency. (more…)

Seniors leave out zeros currency by the government

12/10/2013

Screen Shot 2012-10-13 at 6.36.44 AMAgency JD / Abbas Al traveler / .. You might have heard and you shop from the grocer or when buying bread or during the ascension in transportation also, you hear one “older” pronounces the words Hack: text dinars, or quarter of a dinar or give me bread dinar, at first glance you think he suffered a “Alzheimer’s,” but when Tfhsk position well, you find that it is the collective sense of the category of “older” nostalgic beautiful, and the days of the good, or, as he says, mostly “day Jean dinar Ahadji,” and you find most of these “older” remember their wives, especially the time of the controversy and Ieirunhn, they paid مهورهن currency “Abu Shayeb or Abu fort or carpaccio Abu Ten,” a reference to the categories of cash Dhma in their days, Vvih ten dinars where she painted the image of the Arab world, “Hassan Ibn al-Haytham,” as well as a class of twenty-five dinars were three horses Arab painted them. (more…)

10-10-2013 10:29 AM
Baghdad (newsletter). The parliamentary Finance Committee noted the existence of technical and administrative problems have prevented the development of the banking sector in the country, saying that local banks are still lags behind the world in terms of techniques and developments.

The Vice-Chairman of the Committee, said attorney Ahmed Faizullah (News Agency): local banks still follow the old traditional systems used manual work especially in censuses and other, causing delayed delivery of banking transactions and the increase of financial and administrative corruption. (more…)

Parliamentary economy expects to raise zeros from the Iraqi dinar in 2015
Ali الضرغام – 10/06/2013

Confirmed for the economy and investment committee that parliamentary raise zeros from the dinar improves its value, expected completion of this matter in 2015.

A member of the Committee, MP Hassan Salman Wahab in a press statement on Sunday that “raise zeros from the dinar raises its value through the sobriety that would have enjoyed more if reducing the number of banknotes in the framework of a new edition frequently traded and work out both at the level of the country or abroad.” (more…)

Created on Sunday, 06 October 1 / Okrudolf 2013 13:39

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 prevail Iraqi market due to implementation of this project.

The delayed implementation of the project yet to enter the central bank, as amended, most of the time because of fears predominantly based on the uncontrolled security situation and the open market to foreign goods without restrictions and counterfeit currency circulating in the market in addition to the rampant corruption in the country. (more…)

Called a member of the Finance Committee MP Abdul-Hussein al-Yasiri, to the necessity of activating the customs tariff law after giving a considerable period to rehabilitate the customs offices in the Iraqi border, in order to support the national product.

Yasiri said in a press statement, said Sunday, “that there is an imbalance in the tax legislation of the country, because he can not be a country like Iraq imported materials and commodities funds enormous tax does not exceed (5%), indicating, that the law of the customs tariff submitted to the House of Representatives since 2011 and delay the many times. (more…)

Screen Shot 2013-10-01 at 8.03.29 PMPosted: October 1, 2013

The Central Bank seeks to delete the three zeros of the Iraqi currency since 2003. Which raises many concerns on the street level and the business and financial community and economists seem divided between supporters of the project saw an opportunity to reduce the rates of inflation and unemployment and forewarned of economic shocks might prevail in the Iraqi market by implementing this project.

The project has been postponed after the Central Bank introduced its amendments, most of the time because of fears based on the most unruly security situation and open market to foreign goods and counterfeit currency circulating on the market in addition to rampant corruption in the country.

(more…)