{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

Revealed an economist specializing in monetary policy and development for the absence of strategic economic and indulging in political crises by the federal government stands are all behind the repeated failures of the plans five-year development prepared by the Iraqi Ministry of Planning, while likely to achieve Baghdad mutations great quality if followed an approach that goes by Region Kurdistan in the economic development and opening up to the free market. said the expert Majid picture in a press statement on Thursday:

“The Iraqi government and the executive have failed for the second time in the success of plans five-year development which is placed under the supervision and coordination with the United Nations.” development plans and failed repeatedly.

He Suri that “unfortunately, the two governments current and former Prime Minister Nuri al-Maliki failed to achieve or success of the five-year plan announced by the Ministry of Planning and cooperation with the United Nations.

And the figurehead that the reasons for failure are limited set of things, notably “overlapping political action economist, conflict of government programs with plans five-year, non-implementation of the majority of the terms of five-year plans a final, political instability, lack of executive bodies in understanding the political, economic and development in Iraq, plunged the government in political crises, volatility of government action as a result political and security crises, “as well as” download public institutions more functional and neglect deliberate the private sector and Tnmami rates of financial and administrative corruption and the lack of a census.

Said economic expert said: “despite the provision of a large number of international experts of the United Nations and the World Bank and the countries supporting Iraq for advice and guidance in the development of the plan five-year development for the years (2010-2014), but the failure Pat frequent.”

This has shown the Ministry of Planning for a rise in inflation for the month of April compared with the month of April 2012 by (2.5%). said a press release of the ministry, received “Khandan” a copy of it, “said the Central Bureau of Statistics completed inflation report for the month of April 2013 which was prepared on the basis of field data collection “on the prices of goods and services components of the consumer basket of selected sample of sales outlets in all provinces of Iraq,” noting, “The general index of consumer prices was (144.1%) in the month of April 2013 registered increased by 1.1% for Alshahralsabak, at a rate of 1.2% compared with April 2012.

At a time point when reports of the Ministry to bypass ratios of deprivation and poverty level exceeded 30 percent in the southern provinces. political chaos caused by atrophy ingredients for success:

He Suri in his speech for “Khandan “that” the political chaos and lack of strategy in the joints of the federal government reflected negatively on the economic policy of Iraq and kept him in the economic climate is very bad. ” said Suri that “the repeated crises that accompanied the years governments present and past Prime Minister Nuri al-Maliki blew all the efforts and economic plans and caused atrophy ingredients the success of the five-year plan that bet by the Iraqi Ministry of Planning before.”

In a bold endorsed the Iraqi Ministry of Planning, the failure of five-year plan developed by the years (2010-2014), and confirmed that Iraq is still far from the border drawn by the United Nations development services.

said Planning Minister Ali Shukri, in an interview with the media in Baghdad on the sidelines of the final session to discuss the report of the ministry with the United Nations Development Programme last week, about the progress in health and education services “The ministry has developed a program to work with the United Nations embarked on by more than two years to see progress in services in the provinces of Iraq.

Said Shukri that “access to the extent that was drawn by the United Nations for Iraq to provide development services to its citizens is still far away,” noting that “Five-Year Plan (2010-2014), did not achieve its goals due to lack of security and political stability.” mono economy over the ambiguity of the future:

He noted economic expert to many risks you may encounter Iraq’s future economic result of unilateral economy represented by the oil sector compared to the collapse of infrastructure and the electricity sector and basic services, and the absence of Astmthar foreign real.

Said Suri said “follow the federal government’s policy Mtzbzh towards foreign investment in the Iraq and interference in the political work of the Iraqi Central Bank increases confined الاستمثار foreigner in the country. ” and warned the figurehead of the “not to rely on economic diversification and opening the doors of economic investment for the major countries will keep Iraq late and retreating from neighboring countries and regional and possibly cause a decline in the increasing political interference in Iraq and control or subjected to economic policies specific, “noting that” oil prices high is that contributed to the improved financial budgets for Iraq and not to increase its oil exports or exploiting Moradh other.

He added that “any decline in world oil prices, which are mainly increased due to increased tensions in the the Middle East will topple the economy of Iraq and cripple the government’s performance. ” The Economic Commission representative has confirmed that the fluctuation of the exchange rate of the Iraqi currency against the U.S. dollar is an indication of the deterioration of the economic and increased poverty.

A member of the Economic Committee Abdul-Hussein Abtan, during a press conference that “the exchange rate dinar in 2006 amounted to 1160 to the dollar against the dinar, and was a reserve central bank at the time of the coin about $10 billion, but today Valahtaati cash amounted to $74 billion but the exchange rate rose to 1,300 dinars in the markets. ” said Abtan that “the low exchange rate of the dinar against the dollar is an indication of a serious deterioration of the Iraqi economy, as well as increase the problems of the poor and low income earners.

This has been announced by the Secretariat of the Council of Ministers on Wednesday, 05/15/2013,

“The Council will hold a special meeting early next week to discuss the National Development Plan for the years 2013-2017″ , also announced the General Secretariat of the Council of Ministers, said the council had agreed to “a bill exempting Iraqi and foreign companies implementing investment projects from taxes, fees and forwarded to the House of Representatives.”

The Maliki government has allocated $186 billion to implement the five-year plan, of which $ 100 billion of public budgets of the country, and $86 billion of the remaining investment projects, local and foreign.

Experience Kurdistan pioneering experiment .. Conversely describe economic expert Majid picture of economic development in the Kurdistan region of Iraq a “successful and promising,” while the most likely to “verify Baghdad mutations great quality if followed the approach going for it Irbil in economic development and opening to the free market.

Said Suri, “The political and economic pursued by the Kurdistan region has successfully achieved many economic achievements, which has proved its presence on the ground.” said Suri, “The development plans that have been implemented over recent years in the region resulted in a significant increase in foreign investment and reduce unemployment, poverty and increase employment opportunities for young people.

And that “Iraq’s Kurdistan region is the most advanced in the field of infrastructure and the electricity sector and services,” adding that “the province follow the political, economic, enabled the private sector to promote and achieve breakthroughs the quality of it, “as well as” the region has become a promising opportunity for many international companies that aspire to start their investments,” he said.

(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

Economist Calls For Baghdad To Approach The Kurdistan Region In Economic Development is a post from: The Iraqi Dinar Trade

Warned specialize in regard financial and banking system of the use of the balance of central bank reserves of hard currency in economic development projects, comes at a time the central bank from higher reserves of hard currency it to $74 billion, and coincided with the devaluation of the local currency by 1127 dinars to the dollar in the local market.

Stressed financial expert Farouk Ramadan that “reserves the central bank is the balance of generations, which is supportive of the country’s economy, and has no relationship with volatile local currency.”

He said in his speech to the extent that “the country depends on its economy on oil exports, only without the other aspects that is virtually parked such as industry, agriculture and other activities adopted by countries around the world and is expanding from which to support the reserves banking.”

Explained “in terms of investment projects Vnsttia say that the country began to witness a renaissance mounting at the project level and work on monitoring the budget ambitious building and expansion in all areas.”

For his part, the financial expert contrary goldsmith that reserves Central represents the confidence of the international community and local levels and should not be thrown in the projects brook profit and loss.

Said in his speech to the extent that “the cash reserve higher enhances the confidence of the international community and the local value of the local currency that it is based on evidence the ability of the economic activity of the country.”

And added, “these cash reserves should not be touched by the authority for purposes such as debt repayments in government institutions because it leads to shake the confidence of the international community and the local state.” He stressed, “If what happened and forced the state to for reasons كالعجز in its budget for example, prefers ask government bonds to reduce the deficit, and of course the state will be obliged to pay the value of those bonds.”

And between that it is possible to take advantage of cash reserves in case of optimal investment, which regulates additional funds equities in companies world for the purpose of development of these funds, but I think he would prefer at the moment to get away from such projects because they are not guaranteed.”

To that pointed head of the Finance Committee parliamentary Haider al-Abadi said in a statement followed the term to receive messages reassuring officials at the central bank to control the subject of volatility in the price of exchange, as well as their emphasis on the lack of seriousness on the dinar from the presence of a mass of large cash and bank officials have expressed great confidence strongly the central bank to attributes of the cash reserves of hard currency is estimated at $74 billion, pointing out that the problem is confined to the difference between supply and demand in Iraqi market for the dollar.

Meanwhile warned economic analyst gentle Abdul Salem Okkaily to lend part of the monetary reserves of the Central Bank in investment projects for the country because it would hurt the economy and the national currency. Ugaili said in an interview followed the Range: The increase in the balance of the Central Bank of hard currency to more of 74 billion dollars, will support the value of the Iraqi dinar and enhances the strength of the national economy. stressed that it can not use Bahtiat the central bank to finance any investment project in the country because it would affect the balance of the bank and thus hurt the economy and reduce the exchange rate of the dinar against international currencies.

Revealed the source banker familiar with the size of central bank reserves of foreign currency has recorded the highest reserve him where it reached 74 billion U.S. dollars, noting that this confirms the ability of the central bank to continue its policy to cover the needs of the market of the dollar through currency auction daily and maintain the continued growth of reserves and development of cross- the areas of investment in a number of central banks and diversify its resources.

(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 Warn Against The Use Of Central Bank Reserves And They Describe With Generations is a post from: The Iraqi Dinar Trade

He said deputies from the Integrity Committees and economic النيابيتين that measures suffered by the central bank and the former crew, led to a significant setback for the dinar against the dollar recently, as part of a package of measures is studied which led to a decline in the reputation of Iraq in front of the financial community in the world.

Recent weeks have seen the high exchange rate of the dollar against the Iraqi dinar as it was about 1300 dinars to the dollar after it was at 1270 early last April. The price of 1170 dinars to the dollar in the fall of 2012.

In a surprise move met with استهجانا parliamentary wide, decided Maliki last October, the prime BSA Abdul Basit Turki functions of the central bank governor, rather than bank governor, former Shabibi, against the backdrop of “charged issues of financial and administrative corruption,” especially in the processes Auction dollar, charges have not proven the judiciary.

And confirms MP Aziz Kadhim Alwan, a member of the Parliamentary Integrity Committee, said that “the measures taken by the government against the previous administration of the Central Bank and in front of the market and the global banks overshadowed a significant rise in the price of the dollar against the dinar,” and believed that “these actions were not deliberate and healthy and affected on teams currency.”

In a statement to the “long” yesterday, confirms Alwan said “the policy of the Central Bank of the current is not better than the previous one where we saw the decline dinar significantly, which opens several questions about the bank’s policy,” adding that “the problem behind them political agendas, in addition to the sanctions being selectively.”

The promise of a member of the Integrity Committee that “the involved conduct a waste of public money is a circle of money laundering only, and instead charge for this circle were honored its president by the government which is surprising,” adding, “There are also implicated clear of banks and supplements and businesses, which are the other not held accountable, despite involved money laundering operations.”

The attention of member bloc citizen that “what is happening is accountable for the innocent and not for thieves and this applies to the President of the Integrity Commission Previous Rahim Okkaily who wanted to tackle corruption Foukb were deported as well as the head of Alfodah Electoral former Faraj al-Haidari there were attempts at being fired.”

Alwan is that “all the arrests that took place against the staff of the Central Bank, which, amounting to 29 prisoners and detained all of them are innocent, according to the decisions of the judiciary, which freed us all.” In the opinion of a member of the Parliamentary Integrity that “the problem lies in the management of the country’s political, security and economic and commercial shoddy and poor development of import and export as well as customs tariff,” adding that “this has encouraged the spread of corruption in all government departments, even offices of the three presidencies.”

Meanwhile, a deputy Ahmed al-Alwani, a member of the parliamentary economic committee, said that “there are financial companies belonging to the political forces that manipulate the price of the dollar as you want without any accountability by the government.” Alwani adds, in an interview for the “long” on Wednesday, saying that “these companies are monopolizing the dollar banking in its banks and its own banks, raising the price of the dollar against the dinar.”

The Chairman of the Committee emphasizes that the economic “measures the new central bank administration greatly bothered by this banking companies paid to the monopoly of the dollar,” pointing out that “the deteriorating political situation has a great impact in the decline rate of the dinar against the dollar.”

And on the measures taken by the government against the former central bank chief Sinan Shabibi and his crew administrative, see Alwani said, “What happened to the prosecution and arrests do not tolerate Shabibi and his crew, but there were procedures hasty has Ptivha Integrity Commission against the bank’s management earlier,” returned that this “was actions were arbitrary and incorrect. “Alwani was a member of the Parliamentary Committee to investigate the file’s central bank, confirms that” the problem reached by the Commission investigative parliamentary regarding the central bank is having banking companies belonging to political parties made bonds forged the bank.”

And stresses the Iraqi List MP that “the existence of mismanagement and not corrupt in the administration Shabibi after the intervention of banking companies do not apply the controls, because these companies linked بالقنصليات and Missions overseas business, and therefore all the measures taken were harsh and incorrect and the government re rights of these employees.”

He adds Alwani, saying, “The government tried to acquire initially on hard currency, but Shabibi did not agree and argued a lot on the grounds that the bank is an independent body unrelated third party, according to the Constitution,” adding that “the central bank is linked administratively parliament and thus is of يحاسبه If a mistake is not the government.” Alwani believes that “the Integrity Commission has not real duties toward the central bank because of political pressures brought to bear them in order not to hold negligent.”

The deputies, politicians and economists have accused the central bank to last six months to burn “an average of four billion dollars a month in an auction of hard currency for the benefit of ten banks, mostly with capital Gulf, you buy a day most of the claims of the Central Bank of hard currency and make a profit obscene Up to 6%, which it controls the Iraqi economy.”

(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

Congress: Dinar Setback For Errors Not Far From The Central Government In The File is a post from: The Iraqi Dinar Trade

A senior official in the oil sector Iran that Tehran will double its exports of diesel fuel to Iraq more than doubled thanks to the high capacity of its refineries.

Improved relations between the two countries dramatically over the past few years and the volume of bilateral trade to about $12 billion, and officials hope the Iranians to double the volume of trade in within two years.

Said Ali Reza Dghimi company director of the National Iranian Refining and distribution of petroleum products to Tehran will be issued up to five million liters per day of diesel to raise so the size of what has been agreed upon previously between the two neighbors and two of the members of OPEC.

Signed Iranian Oil Minister Rostam Ghasemi agreement in March for the supply of two million liters of diesel per day to Iraq.

Said Dghimi told the Mehr news agency “under the agreement will be issued Iran 3-5 millions of liters of diesel high quality of its neighbor day.”

And issued Iran small amounts of diesel before but was imported pure during the past few years as domestic demand exceeds its production capacity.

And said Dghimi “is expected to reach production of diesel Iran from 100 million liters per day during the year (Persian) current.” He added that after meeting domestic demand will remain three million liters at least for export to Iraq.

In November, Minister of Oil plans to reduce the sales of diesel at gas stations Iran to prevent the smuggling of cheap fuel subsidized to Pakistan, Iraq, Afghanistan and Turkmenistan.

(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

Iran Has Doubled Exports Of Diesel Fuel To Iraq is a post from: The Iraqi Dinar Trade

Baghdad (AIN)- The price of the US dollar in the local markets reached 1,300 Iraqi dinars, compared to 1220 dinars in mid-March and represents a significant reduction of the Iraqi dinar’s value since the two last years.

It is known that the official price of the USD until this day, according to the Central Bank of Iraq is IQD 1166 and that means that the value of the Iraqi dinar has reduced more than 11%.

According to representatives of All Iraq News Agency (AIN), this decline has led to increasing prices for a lot of goods in local markets and especially the imported ones.

The central bank has promised to take measures to stabilize the value of the dinar as it was in the past, but the degradation rate of the dinar continued for up to 1,300 dinars per dollar.

Employees and retirees who receive their salaries in dinars complain from inflammation of prices since their salaries are no longer sufficient to meet their needs and that the rise in prices has included real estate and rentals, as well as transportation, food and clothing.

Many believe that the growing demand to buy the dollar from local markets has led to this significant decline in the price of the dinar.

This is attributed to smuggling the USD sold daily by the Central Bank of Iraq to Syria and Iran, which face financial sanctions and their growing need to hard currency.

The Iraqi Central Bank announced short period before new measures to restrict the availability of U.S. currency in markets, amid suspicions over possibility of smuggling large amounts of hard currency from Iraq for neighboring countries.

(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

IQD Value Rapidly Deteriorates is a post from: The Iraqi Dinar Trade

Twilight news/Iraqi dinar is currently experiencing a decline in its value against the US dollar since the Government sacked the former head of the Central Bank, Sinan Al-Shabibi is raising concern among money and economy in particular.

And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to about 1,300 dinars after was stable from 1120, the highest rate of exchange-rate mechanism for the last two years.

And observers believe that the decline rate of the Iraqi dinar has since Prime Minister Nuri al-Maliki decided suddenly to exempt former Central Bank Governor Sinan Al-Shabibi, head of the Office of financial supervision Abdel Basset Turki.

They also believed according to radio free Iraq obtained by “twilight news this procedure and accusations with former Central Bank Administration left its impact on the Bank’s reputation and the reputation of Iraq in world markets.

He expressed this view financial expert Majid mock who explained also other internal and external factors that may have contributed to the degradation of the value of the Iraqi dinar, including the regional situation, especially in Syria and Iran and then the consumer orientation of the Iraqi Government and instability in Iraq, prompting funds to flee abroad.

Mock noted that the Central Bank sold large amounts of US dollar vary by between 50 and 100 million dollars a day.

The mock said that solutions emerge from the crisis requires joint effort at all levels in addition to the other solution is to float the currency but the main solution in his view is to revive the neglected by many development because it does not come with such a direct profit trading and import. The import volume reached 64 billion dollars in 2011 while the former does not exceed $9 billion.

And Economist Salim Al-jibouri tried to explain the effects of the deterioration of the value of the Iraqi dinar to the simple citizen and on the internal market and the most important effects appear in the prices of goods available in the Iraqi market and imported goods depends on the dollar if the dollar rises with increased prices of all goods and commodities.

However, Al-jubouri said the two central bank balance and currently exceeds $70 billion, is what makes the Government unable to intervene and support the value of the Iraqi currency.

He is a member of the Finance Committee in the House of representatives Secretary Hadi Abbas that the deterioration of the local currency occurs in all countries and in every place.

And the lack of any kind of threat to the large reserves at the Central Bank and is able to cover all the defects, according to a Deputy who accused some banking authorities of being behind the dollar trading inventory for special purposes.

(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

Observers: Dip, Shabibi Dinar Missed And We Fear The Continued Decline is a post from: The Iraqi Dinar Trade

Baghdad – He favored a financial expert Abdul Sattar al-Hashemi, the continued reduction of Iraqi dinar exchange rate against the U.S. dollar unless there are serious by the central bank to develop a plan to save the national currency. Hashemi said (of the Agency news):

The Iraqi dinar exchange rate is moving downward against the U.S. dollar since it took over the new administration of the central bank and so far, and this is indicative of the failure of monetary policy and the weakness of the current administration of the bank.

Added: that the central bank demands to take the necessary measures to save the national currency, because the continuing decline will pull the country into economic problems large, such as high inflation and increasing prices in the market as well its impact on the monetary reserves of the Central Bank. this and see the Iraqi dinar exchange rate dropped significantly against the U.S. dollar, which made some economists are expressing fears of a continued decline and its direct impact on the Iraqi economy.

(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 Calls For The Central Bank To Take The Necessary Measures To Save The Iraqi Dinar Exchange Rate is a post from: The Iraqi Dinar Trade

Baghdad – Iraq News Network said the State of law Coalition Attorney Haitham al-Jabburi, a mafia operating in financial banks collect passports and quick profits.

Al-jubouri said in an interview Wednesday that “cash distribution mechanism used by weak souls are not going to eligible citizens who questioned true resolution to either treatment and other conditions resulting in a mafia in some banks collected passports and bring a quick profit.”

“Such a thing might have a negative impact on monetary policy in dealing with the dollar.”

Economists argue that the reasons for the weakness of the country’s financial and political special cash dinar exchange rate fluctuation against the dollar are many and focus on political differences that shut down much of the State and weakened by things such as financial or monetary policy as well as the current conditions of the country in General, particularly the security situation and the serious repercussions on citizens and life 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

The Cash Distribution Mechanism In Financial Banks Exploited By Weak Souls is a post from: The Iraqi Dinar Trade

{Baghdad: Euphrates News} detect the Director-General of the Federation with special needs in the province of Kurdistan, that the Minister of Finance and Economy in the Kurdistan Regional Government agreed to increase the salaries of exchange with special needs and will be discharged soon.

The Director-General of the Federation with special needs in Kurdistan age cream in a press statement seen by Agency {Euphrates News} on Thursday that “the exchange increase the salaries of people with special needs will be according to the law issued last year, so the payout increase salaries according to the degree of disability and that will be treasured for a medical committee in particular.”

He pointed out that “less pay for the degree of disability up to {160} thousand Iraqi dinars, and the highest salary of up to {250} thousand Iraqi dinars.”

He continued that “people with special needs to have the salaries of the other, but the increase does not include those salaries, according to Statistics there are more than {120} A person receiving salaries with special needs in the Kurdistan Region.

(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

Exchange To Increase The Salaries Of People With Special Needs In The Kurdistan Region is a post from: The Iraqi Dinar Trade

Baghdad – and babysit – attributed member of the parliamentary Finance Committee Haitham Jubouri reasons for the high exchange rates of the dollar against the Iraqi dinar currency to the drain by some private banks, which owns companies for the currency converter.

Jubouri said in a press statement that “price-fixing remittances equivalent to two to three times the real price example, if the price of Item five $5 it up in the hawala to $20 sold amount of the surplus is $15 to the black market and that is what is reflected on the currency dramatically.”

He explained, “There are serious attempts to take control of this issue through open letters of credit, and that there is a deterrent measures for banks, which has legal problems with respect to currency and this is what actually dish where they were deprived a number of banks in the currency auction bids at the central bank.”

And “that these measures applied for a short time and it is hoped that identifies the results within a week or two weeks.”

(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: High Exchange Rates Of The Dollar Against The Dinar Currency Behind The Drain is a post from: The Iraqi Dinar Trade