Rafidain and Rasheed Bank Restructuring 90% Complete

Iraqi Banking News –   It revealed that the Ministry of Finance, on Saturday, announced the completion of 90% of the stages of structuring bank Rafidain and Rasheed, and confirmed the restructuring project to proceed through a global mechanism to support Iraq’s financial situation. The general director of the Bank of Rasheed Mohammed Abdel-Wahab said in an interview with the (long-Presse), […]



Iraqi dinar coins

Central Bank of Iraq to Process Coins of the Seven Categories

  Iraqi Dinar News –     Committee revealed the economy and investment in the Iraqi Council of Representatives, on Thursday, said that “the central bank completed its preparations for the issuance of metal coins of seven small groups.”   Said committee member Rep., Nora my neighbor, L / Iraq Press / that “the Central Bank and in conjunction with the […]

Iraqi dinar

Delete the Zeros From the Currency Raises the Value of the Iraqi Dinar

Iraqi Dinar News –     Committee for Economy and Investment parliamentary announced that the deletion of zeros from the Iraqi dinar currency will be working by next year, while the Finance Committee promised to delete the zeros will contribute to raising the value of the Iraqi dinar.   The former committee member Abdul-Hussein al-Yasiri (time) yesterday that (lifting of the […]

Dollars

Central Bank of Iraq Reserves Will Invest in Projects

Central Bank of Iraq News –     A member of the Committee of Economy and Investment parliamentary Ali al-Maliki, said the central bank briefed the Committee on the future vision in progress, working on investment reserves of money and gold assets in special servicing state government projects.   He said al-Maliki’s (IMN), that “the central promise in the case of […]

Iraqi dinar

Iraqi Dinar: New Currency Category of 50000 Dinars Will Be Written in Arabic and Kurdish

Iraqi Dinar –       The parliamentary Economic Committee, announced that the CBI had told her that the new currency to be issued by the same group (50000 Iraqi dinars) will be written in Arabic and Kurdish.   A member of the committee MP Osman Dosky in a statement to “Khandan” that “the Commission has hosted during the past two […]

Iraq

German Ambassador: Iraq Has a Chance to Flourish and Evolve

Iraq News –     Confirmed ambassador Federal Republic of Germany in Baghdad, Eckhard prominence support Germany’s great for the Iraqi government Almchkh by Prime Minister Haider al-Abadi, along with substantial international support, as well as the possibility of economic cooperation in many areas, pointing to the need to build relationships continue strong between the two countries.   Said Eckhard prominence […]

Iraqi dinar

How Is the Iraqi Dinar Trading Doing?

Iraqi Dinar –     Over the last year, the Iraqi dinar (IQD) has traded within a very narrow range averaging roughly 1,220 to the U.S. dollar, with an approximate upper bound of 1,230 and a lower bound of 1,210. The currency had approached 1,300 to the US$ in May 2013, but subsequently recovered.   Those figures are the market rate […]

Iraqi Stock Exchange

Iraq Stock Exchange to Launch Electronic Trading System X-Stream

Iraq Stock Exchange News –     Announced that the Iraqi Stock Exchange to halt trading as of October 19 and next to the launch of the electronic trading system “x-stream”, which will start as of Sunday, October 26 next.   To be the last session of trading in the market on Thursday, October 16 and then return in trading . […]

Iraq

Iraqi Ministry Is Working on the Best Investment for Their Oil and Gas Reserves

Iraq News –     Oil Minister Adel Abdul-Mahdi said Iraq has oil and gas reserves large, noting that “the ministry is working on optimal investment of this wealth.”   A statement by the Information Office of the Ministry of Oil received by the agency {Euphrates News} a copy of it today that “Oil Minister Adel Abdul-Mahdi received at the ministry’s […]

Iraqi dinar

Economic Parliamentary Quest to Confirm the Deletion of Zeros From Iraqi Dinar Currency

Iraqi Dinar News –     Confirmed a member of the parliamentary Economic Committee Najiba Najib Monday, the pursuit of its implementation of the project to delete the zeros from the currency. Pointing to the existence of some of the obstacles that have prevented its implementation.   She said Najib’s Center Brief for the Iraqi Media Network (IMN), “The Paradise will […]

Iraqi economy

The Cure for Iraq’s Economic Woes

Iraqi Economy –     Thanks to security problems, political bickering and a lack of vision, there are thousands of development and construction projects on hold in Iraq. Now local economists and investors are calling for the formation of an independent Committee for Reconstruction staffed by experts, to save the country.   Iraq has been suffering from unclear economic planning for […]

Banking

Central Bank of Iraq Put Regulatory Standards Minute for Private Banks to Avoid Crises

Iraq News –     Rafidain Bank announced that the current year has witnessed a significant development for the work of its branches and increase its assets in the warheads as well as the granting of credit to all sectors, as revealed on the status of the central bank minutes regulatory standards for private banks to avoid crises.   The general […]

Maliki

Biggest Theft in the History of Iraq Occurred During the Maliki Term

Maliki News –   Revealed Prime Minister Haider al-Abadi, for thefts organization has gripped Iraq over the past eight years, valued at one hundred billion dollars.   A source familiar with the Iraqi government for Abadi as saying, during a recent meeting of the Iraqi Council of Ministers, said that ‘the mechanism followed in the ministries of interior and defense during […]

Iraqi dinar

A Net Assessment Approach to ISIS: Bash the Cash

Iraqi Dinar News –     ISIS has rapidly emerged as a deadly threat to stability in Iraq. Much of the debate over how to respond focuses on either ISIS or US & Allied capabilities. A Net Assessment perspective, which looks at the strategic match between the two sides’ strengths and weakness, suggests a number of innovative ways to reduce the […]

Iraqi Banks

Iraqi Banking: Loan Guarantee Gives Strength to the Banks

Iraqi Banking News –     Attributed the banking expert reasons for the weakness of the competitiveness of local banks for their lack of credit policy covers the requirements of development, comes with the desire of companies and citizens to obtain liquidity for the establishment of their projects and the development of the Iraqi banking sector in line with the government […]

Maliki

Iraq: Maliki Brought to Justice as a War Criminal

Maliki News –     Revealed an official source in the government of Haider Abadi details are being studied by a secret committee of competent expensive Abadi, on the trial of former Prime Minister Nuri Kamal al-Maliki and his aides with the most prominent during the next two months in a special court.   The source, who requested anonymity because within […]

Iraq Banking

Iraq: Restructuring of Banks Supports Investment

Iraqi Banking News –     In order to establish a sound Iraqi banking system contributes to the process of construction and investment, has become an urgent need to take restructuring the banking reality and controls him, especially the private sector.   Economic expert on behalf of Jamil stressed in this aspect to reduce the process of slaughter banks after the […]

Iraq

Iraq: Activate Trading Rights of the Debt Through Bonds

Iraq News –     Mostafa Hashemi called economic expert, Dr. appearance of Mohammed Saleh to activate the financial market through the launch of the trading rights of the debt through bonds issued by the Ministry of Finance, along with Treasury Notes.   Saleh explained in a statement (morning) that are traded in the Iraqi market for securities is bonds ownership […]

Iraq

Iraq Receives the Fifth Installment of Boeings Early November

Iraq News –     The company announced the general of Iraqi Airways received for the fifth installment of the Boeing aircraft in early November next part of the contract with the American company, containing the delivery of Iraq‘s 45 modern aircraft.   Said Associate Director of the General Company of Iraqi Airways Ali al-Bayati said in a statement seen by […]

Iraqi dinar

Parliamentary Finance: We Will Discuss the Iraqi Dinar Coin Edition After the Holidays

Iraqi Dinar News –     Said a member of the parliamentary finance committee Magda al-Tamimi, the Committee will host the Governor of the Central Bank of the relationship after the holiday of Eid al-Adha, to inquire about the aim of changing the edition coin category ten thousand Iraqi dinars without moving the project to delete the zeros, and the sufficiency […]

Chart Downward

Parliamentary Finance Warns of Bankruptcy of Some Banks

Iraqi Banking News –     Warned the parliamentary finance committee, the exposure of some government and private banks in areas controlled by armed groups into bankruptcy, called upon the government and the central bank to develop a mechanism to save those banks.   The committee member said MP Faleh told Djiashi / JD /: “Some branches of private banks and […]

Iraq Is Passing Through a New Era Requires Everyone’s Participation in Decision-Making

Iraq

Iraq News –     In the framework of visits continued for Iraqi politicians to the Kurdistan region of Iraq, and their meeting with leaders of the Kurds to discuss the security and political situation, and ways to unite the political discourse to face the challenges experienced by Iraq, visited Vice President Osama Najafi Sulaymaniyah, and met a number of leaders […]

Iraq: “Financial Corruption” in Reconciliation Project

Iraq

Iraq News –     Iraqi Parliament Advisor for National Reconciliation, ex-MP Wihda al-Jumaili, has told Aswat Al Iraq that “financial corruption” was discovered in the use of funds allocated to the National Reconciliation Project.   She added that “despite spending much money, the project is not alive.”   Jumaili said that great amounts of money were spent during the past […]

US President Obama Praised New Iraqi Prime Minister

Iraqi Prime Minister Haider al-Abadi

Iraq News –     President Barack Obama says new Iraqi Prime Minister Haider al-Abadi is the right person to lead Iraq as the country faces an enormous threat from the Islamic State group.   Obama is holding his first one-on-one meeting with al-Abadi since he took office this month. Obama said that he’s impressed that al-Abadi understands there must be […]

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