Ministry of Commerce announced that the Minister of Trade Khairallah Hassan Babiker will head the delegation negotiating for Iraq‘s accession to the World Trade Organization membership includes representatives from relevant Iraqi ministries and private sector bodies to negotiate with the {159} member state of the WTO, which will be negotiated on files accomplished by Iraq in his career to join this organization. According to the statement of the Information Office of the Ministry that “Iraq had fought two rounds of negotiations with the World Trade Organization discussed during which many of the files is now going to enter into a round of negotiating a third will be dedicated to file initial offer of goods which has been submitted to the organization after completing accomplished by the Iraqi side.”

“Also, the Department of Foreign Economic Relations Ministry of Commerce, in coordination with the United Nations Conference on Trade and Development UNCTAD to prepare a training program continuously and intensively over the 2013 and 2014 aims to strengthen the negotiating capacity and technical skills of the team members a manner that achieves good results serve both the economic and trade in Iraq.” Iraq has been trying for years to join the World Trade Organization (WTO) in order to improve his trade and economic. Organization has imposed several things on Iraq in order to join her as Iraq seeks to be applied gradually and end all entitlements him to join them.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Iraq Is Negotiating With 159 Countries To Join The World Trade Organization (WTO) is a post from: The Iraqi Dinar Trade

Finance Committee announced the formation of a small committee to monitor the exchange rate of the Iraqi dinar against the dollar, stressing that the practical measures undertaken by the central bank last week led to address the problem gradually.

A member of the mini-committee Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network that the mini-committee will present its final report end of the month to the Finance Committee on the main obstacles to the auction and the central bank measures to develop the capacity of the Iraqi dinar against the dollar.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Finance Parliamentary: A Small Committee To Follow Up The Stability Of The Exchange Rate Of The Dinar Against The Dollar is a post from: The Iraqi Dinar Trade

Exchange rate fluctuations accounted for interest experts

BAGHDAD – Fatlawi: Select an economist many reasons behind the fluctuations in the value of the Iraqi currency and economic imbalances structural considering that the exchange rate holds an pivotal role in monetary policy in terms of its use as a target or a tool and as an indicator of the competitiveness of the state through its effect on the components of growth Economic such as investment and the degree of openness to international trade and capital flows and the development of the financial sector.

Said Dr.. Kamal Al-Basri’s “morning” that the increased demand for foreign currencies and the weakness of the business environment of economic and fiscal policy and weak productive capacities of local and growing presence remittance companies and financial brokerage firms (parallel market) and the emergence of areas of trade at border crossing points all of which led to fluctuations in the Iraqi currency.

Noted visual that the Iraqi currency derives recovered from the content of the economy and it can not be stabilized value of the currency away from economic reality.

Gross domestic product and Asharalbbar to that the reality of the Iraqi economy suffers from a weakness in the effervescence basic Through meditate in the components of GDP for the year 2011 we will see that different sectors are for GDP oil, 54.74 percent and agriculture 4.15 percent and the industry is about 1.83 percent, noting that the Iraqi economy depends on the oil sector, saying that the problem.

When oil revenues are much bigger than the financial returns obtained from taxes reasoned that finding a state asset financially significant disposal easy gain (not achieved at the expense of financial resources for citizens) noting that all of this will result in economic policies sterile represented an increase of salaries and wages away from the accounts of labor productivity and the creation of employment for the purposes of non-productive useful that all this will result in inflation Balasarklah to pursue a policy of supporting non-economic updated distortion in the structure of the economy.

Spending uneconomic He also will result in policies spend uneconomical represented activities have no economic justification كالمنح aid and open circles foreign diplomatic, cultural do not add real value to the economy and to the citizens and be at the expense of the areas of economic urgency related to the lives of citizens. attributed visual reasons behind the fact that the private sector in developing countries, marginal and weak it to ايتمتع support as is the case in the public sector, but rather concentrated support in the areas of economic commercial and service noting that the absence of the real role of the private sector means the absence of creativity and speed adjustment with market needs and provide employment outside the public sector, pointing out that the uniqueness of the public sector production and the absence of his rival for the private sector will inevitably lead to the continued deterioration of the efficiency of the production of the public sector, he said. government intervention and pointed out that This requires government intervention and protection of the public sector through financial support and customs protection policy (currently support the annual $ 3 billion).

Thus, the government is working to protect the institutions of productivity inert at the expense of the citizen who finds unchanged compelled to buy goods or services at a higher price and the quality is poor useful that this sacrifice is usually also emphasizes global experiences to not lead in the short term and not run into improved performance and efficiency of the production of the public sector. measures the central and explained Basri that the exchange rate Atatheraola measures the central bank, which represents management major in the state to identify and manage monetary policy so as to contribute to the achievement of economic goals that are looking her state, and secondly commercial banks and remittance companies financial terms intervene in the market to execute the orders of their clients or for its own account, where these centers collect orders customers and they Palmqasat banking, and thirdly brokerage firms are intermediaries militants who collects orders purchase or sale of hard currency for the benefit of several banks or dealers others away from transparency.

Drew visual to it and over the past few months, decreased the value of the Iraqi dinar against foreign currencies until reached in some cases the market parallel 1300 dinars per dollar, after it was stable on the rate of 1185 dinars per dollar, despite the stability of the selling price of the Central Bank’s 1166 dinars with a commission of 13 dinars of remittances any 1179 dinars and 1171 dinars to the sale of cash and this indicates to the high demand for the dollar in the domestic market. external factors attributed to several factors in the forefront of the external factors accounting for political and economic crises in neighboring countries (Syria and Iran) and embodied in need of these countries to the dollar coin and foreign currency, which he got a drop of the local currency in those countries and reflected a decline the price of exports to Iraq, and create windows to attract the dollar from Iraq to those countries through the stock attractive for the Iraqis and the same time a source of hard currency to the Iranians and the Syrians.

On the other hand there is a thread social and family with these countries may also be an outlet for the exit of the dollar but it is difficult to predict Bmekdarh. decline investors The other factor is the business environment, economic, represented by the factors that cause the result to the escape of domestic capital and the decline of foreign investors, including political instability and the absence of the rule of law in economic transactions.

There is no doubt that the time period that followed the 2008 has seen an improvement in the security situation and then in the rate of inflation and the exchange rate. However, the economic environment is still repulsive acts do not encourage project planning medium-or long-term. Which led to limited activities on some business and commercial projects yielding profit fast, but I doubt that the percentage of it turning to other countries suffering from scarcity of liquidity arising from the impact of the financial crisis that began in late 2008. fiscal policy in addition to other factors, including politics public finances witnessed in previous years high rates of government spending at rates greater than any other country in the world (increased public spending of 34.6 trillion dinars in 2004 to 117.1 trillion dinars in 2012) and most images spending is consumer lead to a rise in spending outside world as well as the led to a rise in the net of the Iraqi currency traded amounting to 36 trillion dinars in 2013, bringing the demand for foreign currency, where the value of imports of Iraqi 37.3027 billion dollars in 2010 to 40.6325 billion dollars in 2011 at a rate of change stood at 8.9 percent., as well as double taxation policies and instability political, economic and weak capacity of local productive. cancellation of profit for the purpose of finding a solution to the fluctuation in the value of the Iraqi currency sees visual need to reduce pumping hard currency (cash sales) in the central bank auction and the adoption of increased foreign remittances and increase the price of cash sales at auction the central bank equivalent to the sale price at auction remittances Foreign Affairs in order to cancel the profit realized because of the difference between the two prices .. and proposes a mechanism buying and selling foreign currency for remittance companies and financial companies to mediate done by banks licensed in Iraq in order to reduce transaction is eligible and procedures adopted and compel traders and dealers in the areas of trade exchange between Iraq and neighboring countries to deal transfer of financial and letters of guarantee, rather than buying cash. in addition to the commitment transparently Information auction and cash transfers and develop an electronic system for information. reduce inflation and called visual in his speech to the need to adopt radical solutions to long-term by reviewing the financial policy of the state and reduce inflation in spending, operational.

And need to speed up plans banking reform in order to facilitate the procedures for exchange the cash and improve the tax code and work to expand horizontally while reducing tax evasion. deletion of zeros also called for activating the law of customs tariff because of its important role in providing incentives for producers with feature economic, leading to a reduction in the volume of imports as well as improved Revenues workforce and improve the business environment, the economic order to raise the efficiency of production for companies and institutions of local productive that will reduce imports and increase the intake of foreign exchange through export, as well as attract foreign investment and use the mechanisms of modern electronic distribution of salaries and the use of instruments, banking and encourage saving. pointed to the possibility of be to issue a new currency or deletion of zeros from the current currency positive psychological effects on the local currency dealers.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Visual Proposes Mechanisms Quick To Raise The Value Of The Iraqi Dinar is a post from: The Iraqi Dinar Trade

Contracted by the General Company for Trade cars belonging to the Ministry of Commerce, with eight of the world’s largest companies in the industry of cars and buses, to supply various models of its production to Iraq.

Said in a statement the company received “morning,” a copy of it yesterday Sunday, that “the company signed contracts with the companies, Chrysler and Ford Americas for the supply of saloon cars, SUV and pickup, in addition to the agreement with General Motors Corp. to supply cars Hovrli.”

Statement added that “the company has agreed with Hyundai Korean Auto Salon supply of different types, as well as the conclusion of a contract with the French company Renault to supply several models of cars.”

The company also agreed to trade cars with Japanese companies for the purpose of supplying Cars Mitsaubia, a salon and an armored Toyota Land Cruiser.

Company signed a contract with Chinese Haouattaa company to supply mass transit buses of different capacities.

Statement noted that “the company does not continues to import machinery, equipment and specialist vehicles, forklifts and Chisel Alhvlat, of the two generators Swedish كتربلر Volvo U.S., as well as the supply of fire trucks from Austrian company Rospaor, Hvlat and Chridarat from Jonder Company and American agricultural tractors company Miss Vroxn.”

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Trade Contracts With Eight Companies For The Automotive Industry In The World is a post from: The Iraqi Dinar Trade

Increasing demand and overcrowding on the green paper. The gap between supply and demand can accommodate an impressive 60 months ago 70 million dollars a day .. Vetoldt a black market and سعران of the exchange difference of 8 10%.

This is troubling us back to the policies of inflation and multiple exchange rates. Fajlav dinars “ranked match xerox” which turned not worth the paper worth .. And unforeseen tax paid by the citizens as a result of “inflationary Version”, the new dinar coin turning “difficult” value increased (20%) and more against the U.S. dollar (2004, 2012) ..

As long as the dollar bought Dinars strong and “difficult”, this would dispel a policy doubts waste and smuggling, without eliminating the role of supervision and follow-up to prevent manipulation manipulators. Our problem is that we have Dinara strong source of oil imports, belongs to the weak economy omnidirectional Item depends on abroad .. Not only import and tourism ..

But also for learning and medical care, immigration and residence, investment and speculative savings, etc.. And instead improve the performance of the economy to become strong, and strengthen the conditions of openness for the benefit of society and the national economy .. To become a regional center dinar and increases the strength of international demand for it, ran forward and started to download a successful monetary policy generally the consequences of failed economic policy in general. And we went to chase penny and the loss of the dinar, and the accusation and arrest people first to provide evidence and clues later.

Unless they change the concepts and procedures with the change regulations they Sttsadm, as is happening now .. When you give up on the official exchange rate for the benefit of supply and demand .. And restrict the conversion exceptions, to be launched after the provision of related items .. And when we seek to move to the National economy and a market economy, when you get these shifts, and deprived of strong dinar satiate the need of the dollar, that will weaken the economy, and pay the capital to escape and prevent others from coming .. And will reduce the confidence of the world and weakens Dinars .. Not based locally to the same stable foreign markets ..

It will increase dependence on outside factors .. Inflation and encourages corruption and fraud .. And many Hoahdna, such as enterprise companies rapidly in different capitals, and are willing to provide the willing “bills” carry ratification embassies and companies, to facilitate the conversion for the purpose of import .. Such as access to dollars through the collection of passports, to take advantage of the price difference, and travel is no truth ..

All بكلف the economy will pay extra for it and the citizen. economy كالطبيعة can invest laws and stave off some of the risks .. But do not can play Bhetwaznadtha and beyond its borders .. We only backfire Kanhbas thermal and “tsunami”, desertification, and we do not understand fluctuations.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Back To Back Decline Of The Dinar For Exchange is a post from: The Iraqi Dinar Trade

Management decided the Iraqi Central Bank to open letters of credit with the agreement of the Rafidain and Rasheed.

The bank said in a statement that “it comes within the orientations to develop a plan for the development of the banking system and increasing sophistication in opening letters of credit.”

The statement added that “the central bank governor Abdul Basit Turki, held a meeting with the general managers of the Rafidain and Rasheed, and in the presence of a number of general managers of the Central Bank.”

On the other hand the bank announced that “unauthorized statements issued during the last few years about his work led to the confusion of the market resulting in losses for investors and businessmen.”

The bank said in a statement on Sunday that “there is no justification for such statements in economic terms.”

He pointed out that “since proceeded on Saturday to conduct the daily auction, after notification of all banks and the Association of Iraqi banks do so.”

The bank said in its statement that it “received all requests submitted to it has been implemented in accordance with the instructions by the relevant committee, and total sales for the day on Saturday 183 000 078 thousand dollars.”

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Central Bank Criticizes Unauthorized Statements is a post from: The Iraqi Dinar Trade

BAGHDAD / obelisk: announced the Iraqi Foreign Ministry that Iraq side handed over a group of Kuwaiti property and the Kuwaiti Ministry of Information

The ministry statement said that the Commission on the National Archives Iraqi – Kuwaiti Joint competent follow-up file property of the State of Kuwait held its first joint last Wednesday, at the headquarters of the Ministry of Foreign Affairs of Kuwait in a series of meetings agreed that the two countries to be held on a regular basis, and during the meeting, handing the Kuwaiti side, a group of property The Kuwaiti Ministry of Information which is about Video tapes and a variety of books and photo albums as well as a kitchen or silver stamped Kuwait.

The statement said the Iraqi Ambassador to Kuwait Mohammed Hussein Bahr al-Ulum chaired meetings on the Iraqi side, where reviewed the efforts seeking to close this file fully During the meeting, handing the Kuwaiti side, a group of property and Kuwaiti Ministry of Information which is about tapes Video and wrote a variety of albums Photos as well as a kitchen or silver stamped Kuwait, where he was under the minutes of the meeting was signed by the Iraqi and Kuwaiti sides in the presence of the representative of the United Nations.

The Kuwaiti side looked forward to further cooperation and get rid of the effects of the previous regime and heavy legacy of outstanding issues, especially since Kuwait is looking forward to get Iraq out of Chapter VII.

As expressed Ambassador of the Republic of Iraq to Kuwait for Iraq sought to build a bright future and positive relations with Kuwait, stressing Iraq’s desire to solve all the files, including Kuwaiti property, although subjected Iraq to looting and arson, but the search is still going on the basis of Iraq’s international obligations.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Iraq, Kuwait Delivers A Range Of Property And The Kuwaiti Ministry Of Information is a post from: The Iraqi Dinar Trade

Baghdad, Carried the parliamentary economic committee, the central bank responsible for the high dollar exchange rate, accusing his administration of non-professional and the lack of strategic economic plans in dealing with the country’s monetary policy.

Said committee member Abdul Hussein Abtan in smc / Baghdadi News /, that “the high price of the dollar to / 1300 / Iraqi dinars order is justified in light of Iraq’s possession of reserves estimated / 74 / billion compared to previous years, which did not exceed the rate of exchange / 1160 / dinars, which had a reserve of / 10 / billion dollars, “the accused,” the central bank flop in the management of the economic file.

He added that “the absence of professional and economic plans strategy at Bank’s management, as well as the files of corruption that permeates the auction currency, money laundering and conflict of currency and smuggling of foreign currency out of the country, are all factors that greatly affect the exchange rate appreciation, which affects the purchasing power compared to the price sales, which holds citizens with limited income a heavy burden.

He continued that “the processes of corruption and clear witnessed selling by the Bank of sell / 5000 / thousands of dollars to citizens by passport, which has been exploited by gangs in the government and the Bank through obtaining passports and fake and the other of simple citizens cheaply to Astro by foreign currency.

“Calling” the central bank to take measures to reduce corruption and find ways to solve the crisis exchange rate appreciation.

The witness auction currency at the central bank since the days of a remarkable rise in the U.S. dollar against the Iraqi dinar, raising concern among the citizens with limited income that the rise may affect their purchasing power compared to the sale price under the dominance of imported goods on the Iraqi street.

The bankers and economists attributed the reasons for the high exchange rate of the U.S. dollar against the Iraqi dinar to the smuggling of hard currency to the Kurdistan region of Iraq, and from there to Iran amid speculation confidential.

Noting that speculative operations and the withdrawal of foreign currency from the banking offices and private banks and private have been converted to the Kurdistan region in northern Iraq are then smuggled to Iran, which is trying to revive its economy amid conditions of the existing international, as well as the operations of financial speculation that takes place between unknown destinations to buy hard currency and transfer to neighboring countries, leading to a price rise in commercial markets.

Pino said the central bank to pump $300 million a day after he was pumped $200 million for control of the high exchange rate of the dollar, but these attempts did not work.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Economic Parliamentary Assume Management Of The Central Bank Responsible For The High Exchange Rate And Non-Professional Accuses is a post from: The Iraqi Dinar Trade

Agencies – take a financial expert Sameer النصيري, rising U.S. dollar crisis in Iraq ‘temporary’ and will be remedied soon.

Said in a press statement that “the crisis experienced by the Iraqi market today height of the exchange rate of the dinar against the dollar is a temporary crisis and the proof is that what was announced by the Central Bank reserves rose to $74 billion, noting that this reserve is a cover for the dollar.

And explained النصيري “that the rise in the dollar at the present time due to the dollar speculators in the Iraqi market and this is a temporary condition can be controlled.

He pointed out that Iraq over the situation very difficult on the rise and the low exchange rate of the dinar and the dollar so that monetary policy if they deal with the mechanics of sound and correct can control the financial market and this are not taken, but in cooperation with private banks by consulting with them on economic policy, monetary, which is almost non-existent the present time.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Financial Expert: The Rise Of The Dollar Crisis “temporary” And Will Be Resolved Soon is a post from: The Iraqi Dinar Trade

Revealed by the Director General of the Central Bank in the Kurdistan Region, the Central Bank of Iraq rejected a proposal in advance regarding the payment of staff salaries in dollars rather than the Iraqi dinar.

And detection of the Director-General of the Central Bank in the Kurdistan Region Abdul Rahman Saleh told NNA, the Iraqi deputy had earlier proposal to pay employees’ salaries in dollars rather than the Iraqi dinar, in order to increase the dollar in the domestic market, but the CBI rejected the proposal in question.

And explained that the Central Bank of Iraq said that Iraq has a national currency and the bank is not ready for trading in currencies of foreign countries.

And the Central Bank of Iraq has made earlier in many of the measures aimed at solving the problem of the high price of the dollar against the Iraqi dinar.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Central Bank Of Iraq Is Not Ready For Foreign Currency Trading is a post from: The Iraqi Dinar Trade

{Baghdad: Euphrates News} MP for the mass of the parliamentary Abdul Hussein Abtan, said his bloc will not remain silent about the continuing decline in the value of the dinar and its impact on the country’s economy and the lives of citizens, especially low-income and poor people who unfortunately make up half of society.

Abtan stressed in a statement to the Euphrates News Agency {} on Saturday that “the central bank primarily bear the responsibility to improve the exchange rate of the dinar, it is not reasonable that the country has reserves estimated at 74 billion dollars and the dinar assaulted him in front of the eyes of everybody.”

He said, “on the central bank to take rapid action needed to be one dollar versus thousand Iraqi dinars, and this is what our work during the previous years and we have achieved stability of the dinar with the reserve did not exceed $30 billion at the time.”

The Committee on Economy and Investment has confirmed that parliamentary disputes and political crises that hit the country and the lack of clarity of central bank policy led to the fluctuation of the exchange rate of the dinar against the dollar.

He described member of the Committee MP Amer winner of the continuing decline in the price of the dinar against the dollar “question is natural.”

The winner said that “low rate of the dinar against the dollar abnormal issue might lie behind certain purposes.”

He added that “a meeting was held with the Central Bank on the issue of selling the currency in the market was agreed to sell the dollar for the delegates and pilgrims and those actions did not meet the purpose because the price is still volatile, despite the announcement of the central bank will raise the value of the dinar against the dollar, but there are abnormal mafias dealing with the dollar.”

And that “so far we do not know the dimensions of this volatility but there should be a remedy for this situation, but the central bank is responsible for that.”

So Qusay al-Suhail, First Deputy Chairman of the House of Representatives had chaired a meeting of the Finance Committee at its headquarters in the presence of the central bank governor Abdul Basit Turki, Chairman of the Committee and its members.

Suhail stressed “the need to identify and things to measures taken by the management of the central bank to deal with the fluctuation of the exchange rate of the dinar against the dollar, and stressed the importance of knowing the real reasons that led to this volatility, which will negatively affect the lives of the Iraqi individual.

And refers economists that the reasons for poor fiscal policy of the country, especially monetary and fluctuating exchange rate of the dinar against the dollar, many, focusing on the political differences that disrupted a lot of things the state and weakened, including fiscal policy or monetary, as well as the conditions of the country’s current overall especially the security file and its repercussions serious the general situation in the country.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Abtan: If It Does Not Improve The Exchange Rate Of The Dinar Would Be To Block Citizen Last Words is a post from: The Iraqi Dinar Trade

Baghdad, announced the Finance Committee in the House of Representatives that the amount of oil savings last year was $22 trillion.

Committee member said Magda Abdel-Latif al-Tamimi – the oil that the amount of savings that have been achieved since the beginning of last year until the thirty-first of October amounted to $22 trillion.

It showed that the committee will inquire about how to spend the savings of oil, as well as the calculated savings of past years and how they spent on projects or support other provinces.

The Finance Committee has confirmed that the abundance ratio in the budget features will appear after the sixth month of this year, noting that the citizen did not touch the improvement due to the accumulation of projects.

She is a member of the Finance Committee: Najiba, that which approved the budget has not changed anything so far, most of the appointments have gone to the contractors with the state ministries.

She added: Despite the improved investment expenditure by 40%, the average citizen did not touch the budget in a positive reversal, and because of the large number of ongoing projects accumulated.

She noted the abundance ratio in the financial budget features will appear after the sixth month of the current year, unexpected improvement in the salaries of social welfare network.

The Ministry of Planning has revealed the formation of a committee of three sets controls and mechanisms for the distribution of the 25% of financial abundance of oil revenues to citizens.

He said ministry spokesman Abdul Zھrh Hindawi told a news briefing earlier: that a tripartite committee comprising the Ministry of Planning and the Ministry of Finance and a representative of the Commission Parliamentary Finance was formed to set controls and mechanisms for the distribution of 25% of the abundance of Finance of oil revenues to the citizens.

The current year’s budget included a paragraph relating to the distribution of 25% of the financial abundance of oil revenues directly to citizens.

And the distribution of the amount of financial materially from oil revenues after agreeing to a demand made by the Sadrist bloc in the House of Representatives during discussions approving the federal budget for the current year.

According to the Finance Committee in the Iraqi parliament that the abundance of financial oil revenues will be calculated, beginning next July, which will be allocated 25% distributed to citizens and the proportion of other Tzھb to support the fund to support the poor, widows and financial grant was estimated at 600 thousand dinars for retirees who are paid less than 400 thousand dinars.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Finance Committee: $22 Trillion, The Amount Of Oil Savings Over The Past Year is a post from: The Iraqi Dinar Trade

U.S. President Barack Obama extended the national state of emergency, which means the stability of Iraq for an additional year after 22 May 2013.

And the deployment of the White House issued a statement in which he explained Obama’s decision to continue working the contents of Executive Order 13303, issued on 22 March 2003, and was amended by Executive Orders 13315 and 13350 and 13364 and 13438, on the declaration if an emergency to protect Iraq and dealing with exceptional threat to national security and U.S. foreign policy, a result of the obstacles caused by the reconstruction of Iraq and the establishment of peace and stability and development of the political and administrative institutions and economic development there.

The statement added that “as a result of the continuing obstacles to the reconstruction of Iraq and restore and maintain peace and security in it, and the development of political institutions, administrative and economic, in what constitutes a threat to national security and U.S. foreign policy, the President has decided the U.S., under paragraph (20 d) of the Code of national emergency, the extension state of emergency efforts to bring stability there is an additional year.”

Obama signed the extension of the state of emergency and forwarded it to Congress.

For his part, the Special Representative of the Secretary-General of the United Nations in Iraq, Martin Kobler, Iraqi leaders to take immediate measures to stop the bloodshed in the country.

Kobler said in a statement that “the responsibility to stop the bloodshed in this country and protect its citizens fall on the shoulders of all the leaders” in the country.

And saw a number of areas of the capital Baghdad, during the past three days, instability security, through the establishment of militants targeting security forces and civilians and workers in the stores to sell spirits of the congregation Yazidi both car bombs and improvised explosive devices and armed attacks, which claimed the lives of dozens of was wounded, while the tents specter of kidnapping of a new security landscape in Anbar province, where unknown gunmen kidnapped eight soldiers and proceeded armed groups abducted convoys traveling to Jordan, according to the novel one of the survivors which confirmed that gunmen disguised as security cut off the highway in the far west of Anbar.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

White House Extends National Emergency On Iraq An Additional Year is a post from: The Iraqi Dinar Trade

Shafaq News / The decision maker of the parliamentary economy and investment Commission predicted the decline in exchange rate of the Iraqi dinar will continue against the US dollar.

The value of the Iraqi dinar declined gradually over the past weeks as the price of per dollar reached to about 1129 dinars after it had been stable to 1120, the highest rate up to the exchange rate during the past two years.

“The confusion that occurs in the low exchange rate of the Iraqi dinar against the dollar has a close relationship to the policy of the central bank of Iraq and the position of its governor,” The decision maker, Mahma Khalil told “Shafaq News”.

The parliamentary Finance Committee revealed, early last month that the Central Bank of Iraq started to take urgent action to preserve the stability of the exchange rate of the Iraqi dinar against the dollar by increasing the exchange facilities selling hard currency, but the value of the currency has continued to decline.

It seems that confidence in Iraqi currency destabilized after a government decision to dismiss the former Central Bank Governor, Sinan al-Shabibi and the tense security situation in an unprecedented manner during the past few weeks.

“The sovereign budget reached 74 billion $, while the state’s money supply must not increase than about 33 trillion dinars.”

“The Iraqi citizen has the right to replace the dinar to the dollar, but the central bank’s policy is unsuccessful policy, and today there are exchange facilities and all of these financial currency goes into the pockets of others, as public money and the Iraqi citizens lose on daily bases more than 40 million dollars as a result of this policy.”

“The official exchange rate for the dollar at the central bank of Iraq is 1166 as there are 13 dinars as a commission to the bank, so the figure becomes 1179 dinars per dollar, while in the Iraqi local market exceeded 1300 and this is not permissible, and all these figures and the differences in the exchange rate go into the pockets of brokers, clients and the Giants in the local market of money –changers and influential politicians,” he added.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Economy Committee: 40 Million A Day Goes To Officials Pockets is a post from: The Iraqi Dinar Trade

Baghdad – Parliamentary Finance Committee confirmed that the exchange rate of the dinar against the dollar began to gradually return to stability after a series of measures taken by the central bank recently. A member of the Committee Secretary Hadi said that “the exchange rate of the dinar against the dollar began to gradually return to the state of stability as the dollar fell against the dinar to 1270 dinars to the dollar after breaking 1300 dinars to the dollar during the past few days.”

Hadi explained that “the problem began to fade after a series of measures taken by the Central Bank of Iraq is pumping extra amounts of Almuammlh difficult to market,” noting that “the foreign currency held by the central bank cover block twice as paper”. He continued that “the problem was not with the central bank, but the banks and Chirfah companies, if the point during the last period failing to buy dollars from the central bank, which led to the high value of the dollar against the dinar.”

And Hadi and that “the Finance Committee and after the end of the holiday will add legislative and Minister of Finance and agency managers of all banks for the purpose of research topic and how to overcome the problems.” The Finance Committee has ضيفت this week, and Central Bank Governor Abdul Basit Turki agency and discussed with him the reasons for the high price of the dollar against the dinar.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Finance Parliamentary: The Start Of The Stability Of The Exchange Rate Of The Dinar Against The Dollar Gradually is a post from: The Iraqi Dinar Trade

The medical team confirmed the enjoyment of good health

BAGHDAD – morning

Supervisor of the team treating President Jalal Talabani, the possibility of the return of President to come home soon.

Has confirmed Dr. Necmettin cream, politburo member of the Patriotic Union of Kurdistan (PUK), and is authorized to declare on the health of the President of the Republic, President Talabani‘s health is very good. Karim said in a news conference with the supervisor of the medical team treating the President of the Republic in Germany on Friday, that “Talabani‘s health is very good now compared to what it was before five months, “he said, adding that his health is improving day after day for the better. thanked Dr. Necmettin cream, the medical team for their order of President Talabani’s health.

Their part, said members of the medical team improved the health of the President Republic, pointing out that he could return to the homeland after the end of treatment.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Talabani To Return Home Soon is a post from: The Iraqi Dinar Trade

The Iraqi government said it had agreed on the draft exemption Iraq and foreign companies implementing investment projects from taxes and fees to encourage the movement of investment in the country.

The Iraqi environment is attractive to investors and capital owners wary of entering the market, despite the availability of opportunities Iraqi result of tensions security and poor services as well as the bureaucracy.

And headed giant companies in the field of energy to develop oil fields and exploration for undiscovered other but other sectors do not attract investors at the same pace.

The Iraqi government said in a statement that “the Council of Ministers approved a bill to exempt the Iraqi and foreign companies implementing investment projects from taxes and fees and referral to the House of Representatives.”

This is due to the Iraqi investment law in 2006 and was conducted by amendments in 2009, which allowed investors to own land, but the movement of investment has seen a remarkable development.

Complained the National Investment Commission more than once and there are problems in the current investment law, noting that these problems impede investment and make Iraq a repulsive environment for investment, and raised the amendments to the government.

Iraq has dilapidated infrastructure in most sectors as a result of running the country several wars over the past three decades, as well as the imposition of the economic blockade for more than 10 years.

Iraq desperately needs to contribute to investment projects with the government’s efforts in providing basic services to citizens and which are still scarce, despite the huge financial budgets and derived from the sale of crude oil imports.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Iraq Announces Exempt Investors From Taxes And Fees is a post from: The Iraqi Dinar Trade

Committed the security agreement partners the political process signatories to the implementation of the final phase of occupation program, a federal application stage.

The fact that the position of the occupation was not clear in any case such as the visibility of the issue of federalism he declares at night and during the day he wants to sees a federally Iraq, and the leaders of the fundamental process required all know them completely, and they are the keepers of strictly implemented. In order rushes Iraq to the final phase of the planned decree also wants the U.S. occupation has كلت Obama administration Iraq dossier to Biden Republican Almtzin that has already been presented to Bush and Congress project to divide Iraq, and here he is today oversees the implementation itself has started its activities in practice heats the political situation in preparation for the division was distribution of roles on the partners of the political process as follows:

First: the Government Center (Maliki) repeating provoke Sunni provinces to create a public opinion accepts the invitation to the regions and federalism, testifies to the intrigue Nukhaib and mobilization of sectarian owner, and campaigns ablation in Salahaddin University and arrests Baathists real and alleged advocacy spiteful against Hashemi and output exciting for his arrest at the airport and try to arrested by ended بهروبه to Kurdistan, and the expulsion of al-Mutlaq and treason Issawi and waving files of terrorism with left and right. Within the context of advanced policy-Maliki comes unabashed arrest of thousands of innocent people and fabrication of charges unjustly and falsely as a prelude to their execution. It blows more and more Viatql the women, and blow more and more Vigtsb the women all in order to make the reaction path towards regionalization decree, الفدرلة and division.

Then it was necessary to raise sectarian shipping more and more cross-provoking protesters and shed their blood in front of screens in all media Yards sit latest massacre Hawija. It is clear in all of the above that Golan may أرخى to the cord of the owners and their leaders and gave them the green light to commit these massacres, has not missed perjurer international (United Nations), as is usual in disguise this heinous crime.

Second: the Sunni provinces and reaction inspired by the Americans to the leaders of the year, the announcement regions and cling so right unconstitutional to pay injustice and stop the mop and marginalization, with titillate people demanding set of unemployed graduates and shares is greater than the financial allocations, and everything fit of logos to create and confirm public opinion to accept federalism and division. True to it has announced Salahuddin province itself Diyala provinces and announced itself Anbar provinces, on the road and it was the Council of preservation has threatened the center and أمهلها government two weeks and only فسيعلن the region!.

Third: Under the guidance Biden that the Maliki government center temporarily Baltmana and lack of response to suit the provinces, and he and his party continues in arrogance and provocation enough for continuing sectarian shipping and promote advocacy towards separation so as to reach the point of no return.

Fourth: It is also necessary to provoke the Kurds to raise the temperature and speed up the movement of centrifuge, and in this context came Maliki’s party accused of Talabani of harboring terrorists wanted for justice Abu Tabr.

Fifth: After the tug and frenzy Israeli ambassador to intervene and perhaps Biden personally to force Maliki to appeal to the Constitution and allow the transformation of the Sunni provinces successively into regions and after the issuance of the decisions of the Federal Court in this regard. Output may require a federal constitutional referendums forged in the provinces and the result will come out that federalism is the desire of the majority of the Sunni masses.

Sixth: the enhanced authority of the central government on the rest of the provinces to be a one territory governed by the Dawa Party, will be issued a fatwa from Sistani and perhaps Khamenei deprive the Shiite sect claim and federal regions.

Seventh: will the new reality of the conflict on the border and repainting among the provinces and territories, to achieve the ambitions of the government Safavid in biting Dujail, country and Syed Mohammed Salahuddin province and biting Nukhaib of Anbar province; also allows the new reality of partisan Talabani and Barzani biting Kirkuk and the eastern side of Mosul, and all This ruled Biden plan and approved by the client parties that brought the occupation and promoted him.

Eighth: The government will continue to seek to inflict Safavid central Samarra, consequently, the state after disagreements be اختلاقها between Samarra and Salahaddin province, and will be administratively justification this time not because the majority of the population sectarian Samarra are Sunni.

Ninth: Biden permission of Diyala will not be allowed to declare secession in spite of the Constitution because it is the geographic component of the components of Iraq Persians and crossing it to Samarra, have noted how the Safavid militias captured and expelled their portfolios because the thought of it.

Tenth: It consists map Biden for the new Iraq of three regions (the Kurdish region inclusive halves of Mosul and Kirkuk and Khanaqin and its capital, Erbil, and the region Safavid and inclusive of Diyala, Samarra and its capital, Baghdad, and the region’s Sunni abundance of Iraq confined in the western corner after ترشق and coming in the invitations divisive such as glass plate if crash will turn into crystals and no one can draw the borders of each piece in it. and we will enter in the war zones and lanes disputed within the same province with the provincial Sunni and Shiite alike.

Eleventh: This map Herald and current and seen them on satellite TV, but politicians Year ignore the claim of urgency and enthusiasm to the establishment of regions, what the Council called for Salahuddin province to declare the province a territory so quickly Sunni leaders in the Iraqi List to confirm the constitutionality of this requirement, and even started to pay councils in the provinces of Diyala and Anbar to declare regions and a national referendum, and we have seen how Vdaúyatem was simmering people and step up efforts in this direction.

Twelfth: We want to ask Sunni leaders advocate of regionalization, how you can that Thmoua people in the Sunni provinces of targeting and marginalization if this is you’re doing and you are in the Green Zone? Why do not you think of another alternative whitening your face if you are truthful or that malicious spirit Biden has Talpcetkm what we became hear from you is Sultanate of the Constitution and federal clang.

XIII: Then what about the year of Baghdad, which are impossible to be divided on a sectarian basis? Do تضحون Baghdad, its people and Tnfdon your hands نصرتنا and you are defenders of the year? Then protects the good Shia Arabs from the domination of the Safavid Iranians? Are not you call the National and pretend Astafavkm with Iraqis in all provinces and all sects?.

Fourteenth: The conclusion that the advocates of regionalization if they so much naive and did not understand this game and its disastrous consequences on Iraq in general and on the year especially Those calamity, and if they understood and they wanted to Eetmmoa occupier purposes Valmuseibh of the greatest.

(Source)

*

*

*

*

*

Related Iraqi Dinar Articles-

Iraqi Dinar: Scam or God-Send?

Iraqi Dinar Investment?

Iraqi Dinar Revaluation Soon

Iraq Dinar Value Seems Likely To Significantly Increase

The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

Buy New Iraqi Dinars and Put Them in a Drawer

Iraqi Dinar Trade – What Next After the Revaluation?

Investing in Iraq- What Investors Have Been Waiting For

Dinar Action Words

Iraqi Beauty In 2010

Future of the New Iraqi Dinar

Central Bank: Raise Zeros From the Currency Gurenaf

Biden On The Road To Project Implementation! is a post from: The Iraqi Dinar Trade