Monthly Archives: April 2011
Central Bank of the Process of Finalizing the Draft Raise Three Zeroes From the Iraqi Dinar
| April 30, 2011 | Filled under All Dinar Trade Articles |
Palm – The Central Bank of Iraq, on Tuesday, he is about to finish the project raise three zeroes from the currency, noting that the project is considered strategic, and submitted to the Council of Ministers and legislators if completed. The central bank adviser said the appearance of Mohammed Saleh during permit media raising project three zeros from the dinar…
Iraq: The Deletion of Zeros from the Iraqi Currency Would Overcome All the Difficulties of Economic
| April 30, 2011 | Filled under All Dinar Trade Articles |
Palm – saw an MP for the Iraqi List, reproach the league that the process of deletion of zeros from the Iraqi currency to work through all the economic difficulties, especially after the case of hyper-inflation experienced by the country. The league said in a press statement today: The announcement of the Iraqi Central Bank Governor for putting the final…
CBI: The Investor’s Funds in Iraqi banks Insured
| April 30, 2011 | Filled under All Dinar Trade Articles |
Palm – The Central Bank of Iraq adviser, on Sunday, that the Iraqi private banks and government able to protect the funds of investment companies. And the appearance of Mohammed Saleh said during a media statement that the government and private banks are able to protect the funds of investors and is working according to international systems are difficult to…
China May Buy $1 TRILLION of Gold: Bloomberg Report
| April 30, 2011 | Filled under Other News |
Bloomberg quoted an analyst who says China may use part of their $3 trillion in foreign reserves to buy $1 trillion dollars worth of gold. China has been diversifying away from the dollar, and into commodities and other, sounder currencies for years now. Such a large amount would signal a sharp rebuke to the dollar’s status as reserve currency, to say…
Trump Wants All of Iraq’s Oil for the U.S.
| April 29, 2011 | Filled under Other News |
CONCORD, N.H., (UPI) — The United States should have first dibs on any oil produced in Iraq because of its lead in the invasion of the country, real estate mogul Donald Trump said. Trump, a presumptive presidential candidate for 2012 elections in the United States, told a Fox News television producer in New Hampshire that the United States deserves Iraq’s oil.…
73% of Investment Projects for 2011 Okayed in Muthanna
| April 29, 2011 | Filled under All Dinar Trade Articles |
MUTHANNA: Thirty-seven percent of the investment plan projects for the year 2011 in the province of al-Muthanna were approved in a “record” time, according to the governor on Thursday. “Muthanna finalized referral of 73% of the projects in the 2011 investment plan, worth 66.680 billion Iraqi dinars, thus outstripping all other provinces in the implementation of the plan,” Ibrahim Salman al-Mayyali…
Malaysia Undertakes to Invest in Iraq
| April 29, 2011 | Filled under Other News |
Erbil, (AKnews)- Iraqi Planning Ministry signed memorandum of understanding with Malaysian Reconstruction Ministry for investment in Iraqi reconstruction projects. Mohammed Daraji, the Iraqi minister, told AKnews the 8-years-lasting memo which will come to force in May requires the undertakers to attract the Malaysian assets to Iraq and licenses more Malaysian investors to operate in the country. The multidimensional memo also demands…
U.S. official: Number of Employees at the U.S. Embassy after the Withdrawal, About 20 Thousand and Great Powers
| April 28, 2011 | Filled under Other News |
A U.S. military official confirmed on Wednesday that the number of workers in the U.S. embassy in Baghdad after the withdrawal of its troops from Iraq would be less than twenty thousand, including military advisers and security, noting that most of these workers with extensive powers and a great view on events in Iraq. The commander of the Infantry Division, the…
Iraq- 537 Billion Dinars for the Processing of the Infrastructure in Najaf to Become Capital of Islamic Culture
| April 28, 2011 | Filled under Other News |
Najaf calling on the government to the attention of archaeological sites in preparation for being selected as the capital of Islamic culture Council called for Najaf province, on Thursday, the Iraqi government to allocate the money necessary for the attention of archaeological areas in the province, speaking for the maintenance and conduct extensive archaeological sites in Najaf, Najaf, part of a…
Approval of the Government Report on the Development Fund for Iraq
| April 28, 2011 | Filled under All Dinar Trade Articles |
Council of Ministers approved the report of Iraq on the transition to successor arrangements to the Development Fund for Iraq, to be presented to the UN Security Council for discussion and adoption of the beginning of next July in preparation for the exit of Chapter VII resolutions. He said government spokesman Ali al-Dabbagh said in a statement yesterday that this…
Too Many Zeroes: Iraq Plans to Change Currency
| April 28, 2011 | Filled under All Dinar Trade Articles |
The Iraqi government plans to chop three zeroes off the national currency. It should make transactions easier and enhance the exchange rate. But local economists are not sure the country is ready. Recently the Iraqi government announced that they were close to completing plans for re-denomination. Three zeroes will be removed from Iraq’s currency, the Iraqi dinar or IQD, and…
Close to Maliki: We Got a 99 Percent Rate of Convergence to Form a Majority Government with the Iraqi
| April 27, 2011 | Filled under Other News |
Alsumaria News / Baghdad Detection close to Prime Minister Nuri al-Maliki, on Tuesday, rapprochement between the coalition and Iraqi state law to form a majority government, a political rather than government partnership that now exists, and is regarded as the convergence between the two lists that will make the situation in Iraq a model, he pointed out that the possibility…
Dollar Peg to Stay With Oil Dependency
| April 27, 2011 | Filled under All Dinar Trade Articles |
JEDDAH: Saudi Arabia will keep pegging its riyal currency to the US dollar as long as its economy will remain heavily reliant on oil, Saudi Arabian Monetary Agency (SAMA) Gov. Muhammad Al-Jasser said on Monday. Asked whether the greenback link is to stay forever, Reuters quoted Al-Jasser as saying at a university event in Jeddah: “Nothing is forever in the economy,…
Iraq Will Open Two Accounts in the United States for the Filing of its Oil Revenues
| April 27, 2011 | Filled under Other News |
BAGHDAD (AFP): Iraq has agreed to open two accounts in the United States for the management of revenues, especially oil, after the closure of the Development Fund for Iraq in June 30, where it deposits all revenues, which had been opened after the U.S. invasion of Iraq in 2003. And will deposit the Iraqi government in one of these accounts 95%…
Iraqi Parliament Seeks to Improve Economic Ties With South Korea
| April 26, 2011 | Filled under Other News |
Baghdad – An MP from the National Coalition (NC) said on Sunday that parliament seeks to improve its relations with its South Korea during the visit of the Iraqi delegation headed by Prime Minister Nouri al-Maliki to South Korea next Tuesday, adding that the visit will also serve to form the Iraqi-Korean Friendship Association. Iraq’s parliamentary delegate to South Korea,…
Iraq’s Inflation- Claims to Put an End to Inflation in Iraq
| April 26, 2011 | Filled under Other News |
Baghdad, A count of economists and specialists in the follow-up file of inflation, on Monday, the Iraqi government the need to address the economic development challenge of high altitude. The Ministry of Federal Planning recently revealed that the rate of inflation in the country for the month of March increased by 0.7% for the month of February last which reached 0.5%.…
Iraq Uses Monetary Fund Debts: Close the File on Debt
| April 26, 2011 | Filled under Other News |
BAGHDAD – Al-Hayat reported today that the Chancellor in the Iraqi Central Bank the appearance of Mohammed Saleh said yesterday that Iraq will use the International Monetary Fund to close the file commercial debts, after the end of the international trusteeship over the assets Iraqi government on June 30 (June) next, pointing to the that Iraq will be submitted to the…
CBI: Iraq Can Not Remain Financially Dependent on its Oil
| April 25, 2011 | Filled under All Dinar Trade Articles |
Baghdad, (Rn) – Iraqi central bank said Saturday the country will not be able to access financial stability as long as mainly dependent on oil imports, pointing out that it made him heading towards the provision of a financial reserve of up to $ 50 billion. The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency…
Beji Refinery Resumes Production, Fuel Issues Still Remain
| April 25, 2011 | Filled under Other News |
People ask for increased supply and longer hours for government gas stations. Production at the Beji Refinery in Kirkuk resumed after a production halted following several explosions in February. As the refinery resumed operations, Kurdistan Region’s share of fuel products from the central government through Beji Refinery also returned. However, the increased prices at private gas stations that resulted…
1,200 Pre-Registered Visitors Await Start of Inaugural Edition of ‘Airports Expansion, Cargo and Logistics’ Event in Erbil
| April 25, 2011 | Filled under Other News |
Arabian Reach, the UAE-based company specialising in exhibitions and events management across the region, has revealed that over 1,200 visitors have already pre-registered to attend the inaugural edition of the ‘Airports Expansion, Cargo and Logistics’ Conference and Exhibition, to be held in Erbil, Iraq from the 26th to the 28th of April, 2011. The business visitors, who are hoping to tap…
Iraq National Insurance Confirms Success in Attracting International Oil Companies
| April 24, 2011 | Filled under Other News |
National Insurance: international oil companies that insure their investments to our National Insurance Company confirmed its success in attracting international oil companies invested in the fields of Iraq to ensure the projects with the company, noting at the same time it is ready to secure the oil companies in oil and gas round four. The general manager of the company approved…
Commercial Airlines Slowly Resuming Service to Iraq, Opening Possibility for More Foreign Investment
| April 24, 2011 | Filled under All Dinar Trade Articles |
Austrian Airlines says that it would restart its service to Baghdad on June 8, after a 21-year hiatus. What took it so long? And will the fact that more foreign carriers might resume flights to Iraq result in more business opportunities in that conflict-afflicted country? Like other commercial airlines, the Austrian carrier was forced to discontinue its service during the tenuous…
Recent Comments