Posts Tagged by Iraq
Dinar Woes: Iraqi Currency Traders Break Syria, Iran Sanctions
| May 18, 2012 | Filled under All Dinar Trade Articles |
In Iraq, where barely anyone has a bank account, the trade in foreign currencies is largely unlicensed. Now money traders are smuggling US dollars to sanctioned Syria and Iran. And the Iraqi govt may well be using the situation for its own political ends too. “The Iraqi dinar is at risk.” That is the pronouncement made by Khadir Sadoun, who…
Construction Tech Bags Iraq Deals
| May 18, 2012 | Filled under Other News |
Construction Tech has bagged two significant deals in Iraq totaling over $47 million as it firms up its presence in the country across reconstruction and redevelopment activities. The deals include a prestigious $45 million deal for the revamp of the Central Bank of Iraq and a $2.15 million partnership with Royal Dutch Shell to support developing its main office in…
Central Bank: The Dinar Will Not Recover Until After The Leak Check Of The Hard Currency Outside
| May 17, 2012 | Filled under All Dinar Trade Articles |
Ruled out the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the Iraqi dinar return to normal, due to increased demand on the dollar, noting that the average central bank sales of foreign currency amounted to (200) million and the volume of demand to buy an estimated half a billion dollars. Saleh added (of the…
Central Bank: The Return Of The Dollar To 120 Days
| May 17, 2012 | Filled under All Dinar Trade Articles |
Baghdad, The Central Bank said that the dinar against the dollar will return to normal before about “120-121″ few days criticizing lack of Government control over regional attack that targeted the Iraqi market. Deputy Central Bank Governor Mohammad Saleh appearance that “dominant Bank heavily on the problem of rising dinar which is temporary due to attack on the Iraqi market…
Central Iraq: Baghdad Is Invited To Take Advantage Of The Experience Of The Kurdistan Region In The Field Of Investment
| May 16, 2012 | Filled under Other News |
Erbil, (Rn) – A deputy governor of Central Bank of Iraq, that investment in Iraq is weak compared with what has been achieved in the Kurdistan region in the field of construction, services, and diverse projects, which cut a long way in this aspect. He explained the appearance of Mohammed, told the Kurdish news agency (Rn) “The banking business is…
Parliamentary Finance: Delete And Replace The Zeros Of The Iraqi Currency Early 2013
| May 16, 2012 | Filled under All Dinar Trade Articles |
Revealed the parliamentary finance committee that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September. A member of the Finance Committee Haitham Jubouri in an interview for “Alsumaria News” that “the month of January of next year 2013 will see the deletion…
Central Bank Calls For Formation Of A Joint Coordinating Committee To Resolve The Problem Delete The Zeros
| May 15, 2012 | Filled under All Dinar Trade Articles |
Baghdad, Called by the Central Bank of Iraq to form a Joint Coordinating Committee of the Parliament and the Government to resolve the issue of the draft Iraqi currency delete zeros. He said the Bank’s Deputy Governor Mohammad Saleh appearance of agency/JD/draft delete zeros is the draft fundamental change accounting regulations amendment includes all nodes State and not easy. He…
Commission: The Application Of Free Economy And Iraq Enters Alkmarikh Tariff To WTO
| May 15, 2012 | Filled under Other News |
Baghdad, the parliamentary economic committee called the Iraqi government the application of customs tariffs and the transfer of a free economy to enter Iraq to the WTO. The decision of the Committee and the representative of the Kurdistan Alliance Mahma Khalil’s, The “to ensure Iraq‘s entry into the World Trade Organization must be preceded by several steps, including the application…
Finance Committee Calls For The Study Of The Process Of Replacing The Currency To Reduce The Volatility In The Market
| May 14, 2012 | Filled under All Dinar Trade Articles |
Baghdad, called a member of the parliamentary finance committee and the representative of the National Alliance, Haitham al-Jubouri to apply the process of replacing the currency properly to reduce the volatility caused. Jubouri said “The replacement of the currency reduces the volatility of the current Iraqi dinar and the dollar if carefully studied and applied the correct steps.” He…
Shabibi/Dinar: A Slight Decline In Demand For The Dollar
| May 14, 2012 | Filled under All Dinar Trade Articles |
Bank Governor Sinan Al-Shabibi “demand to buy hard currency dropped slightly after taking new measures to reduce the volatility of the dollar against the Iraqi dinar“. Shabibi said “the Bank launched the currency freely available to dealers as controls.” Central Bank Governor said that “the new procedures through which the Bank tries to prevent money laundering.” The parliamentary Finance Committee…
Mikati: Iraq Has The Best Investment Law In The Region
| May 13, 2012 | Filled under Other News |
Baghdad, He said Lebanese Prime Minister Najib Mikati said that “Iraq has a law for investment is the best in the region and will enable him to provide a fertile environment for Arab companies and global action and implementation of projects in various sectors, especially after the improvement and great stability in the security situation witnessed in the capital Baghdad and…
Central Bank: Development Of The Warka Bank Is Settled
| May 13, 2012 | Filled under All Dinar Trade Articles |
Most likely the deputy governor of the Central Bank of the appearance of Mohammed Saleh Sergeant financial report on the status of the Warka Bank to the Central Bank during the next few days to know the status of the bank in terms of financial assets and financial liabilities of Foreign Affairs, to take legal action in the light of the…
Height Of The Iraqi Central Bank Reserves To 60 Billion Dollars
| May 12, 2012 | Filled under All Dinar Trade Articles |
Baghdad, (Rn) – The Iraqi Central Bank Governor Friday high reserve bank cash of $50 billion to 60 billion dollars, indicating that the process of deleting the zeroes will begin early next year. said Central Bank Governor Sinan Shabibi told the Kurdish news agency (Rn ) that “the reserves of Iraq cash rose to $ 60 billion after it was last…
Calls For Strengthening The Independence Of The Central Bank
| May 12, 2012 | Filled under All Dinar Trade Articles |
Baghdad, New House Speaker Osama al call for the need for the independence of the Central Bank, as stipulated in the provisions of the Constitution and the law of the Central Bank, stressing at the same time, the Council rejected any kind of interference in the work of this institution. And the transfer of a press release for the Presidency…
CBI Acknowledges The Existence Of An Imbalance In The Exchange Rate And The Deterioration Of The Value Of The Dinar Denies
| May 12, 2012 | Filled under All Dinar Trade Articles |
Approved the Central Bank of Iraq Friday the existence of an imbalance in the Iraqi dinar exchange rate, confirming his quest to unify the exchange rate between him and the local markets, denying at the same time, any deterioration of the value of Iraqi dinar. The central bank was accused last week of four states to “conspiracy” to strike financial…
Welcome The Development Of International Relations And Joint Cooperation Between Iraq And Kuwait
| May 11, 2012 | Filled under Other News |
Zebari, the Iraqi delegation headed by the Ministerial Conference of the Non-Aligned Movement Welcomed the draft document to be issued by the meeting of foreign ministers of the Non-Aligned Movement, on Thursday, the positive development and the progress reached by the governments of Iraq and Kuwait on the closure of the outstanding issues between them, while encouraging both countries to…
Starting Next Friday, Iraqi Cooperation – EU In Brussels
| May 11, 2012 | Filled under Other News |
Signed a partnership agreement on 12 vital sector Baghdad – morning Iraq have agreed European Union to cooperate in 12 vital sector will come into force if the signing strategy between the two sides next Friday. Has confirmed, Undersecretary of the Ministry of Foreign Affairs, however, Abawi importance of this agreement which will include economic and trade fields,…
Fact Sheet: UN Security Council High Level Meeting on Iraq
| May 10, 2012 | Filled under Other News |
Today marks an important milestone in the restoration of Iraq’s normalized ties to the international community. The UN Security Council, in a special session chaired by Vice President Biden, took significant steps to return Iraq to the legal and international standing it held prior to the 1990 invasion of Kuwait with the passage of three resolutions. Additionally, the Security Council issued…
Finance Committee Calls For The Central Bank Initiative To Send A Draft Of Its Plan To Delete The Zeros From The Currency Of The Study
| May 10, 2012 | Filled under All Dinar Trade Articles |
Hosted by the Finance Committee under the chairmanship of Deputy Haider Abadi, Chairman of the Committee on Sunday, 6/5/2012 Dr. Shabibi Central Bank Governor and the delegation accompanying him in the presence of members of the committee and its advisers. During the meeting, discuss the issues contained in the agenda and the most important measures the central bank to keep the…
Parliament: Rule Out Iraq’s Accession To The WTO
| May 10, 2012 | Filled under Other News |
Ruled out by the Economic Commission Deputy Nahida Daini, Iraq’s accession to the WTO during the current period because of the many internal problems and the reluctance of economic projects in the country. Said Dani: that Iraq will stay away from the Arab world and European result concern political problems that started sour in the country , as well as…
Electricity: Theft Of Fuel From The Turkish Barges Of More Than Five Million Dollars A Month
| May 9, 2012 | Filled under Other News |
Turkish battleship equipped with electricity Basra anchored in a port of Basra Sumerian News / Baghdad announced that the Ministry of Electricity, Tuesday, that the value of thefts of fuel barges private Turkish power generation amounted to more than five million dollars a month, confirmed that one of the companies responsible for the transfer of waste fuel behind the thefts. Said…
New Conditions For Banking Companies Working In Basra
| May 9, 2012 | Filled under All Dinar Trade Articles |
BASRA / JD / .. put the provincial council in Basra working conditions for companies and banking offices, including the approval of the Central Bank, and select mid-month deadline for receipt of papers and official approvals for companies which will be permitted to exercise banking business. The Chairman of the Development Committee in the province of Basra, Mahmoud Almksusi Agency…
Jubouri: Central Bank Take Even Two Steps Tp Raise The Price Of The Iraqi Dinar
| May 8, 2012 | Filled under All Dinar Trade Articles |
BAGHDAD / JD / .. According to a member of the Finance Committee’s parliamentary Haitham Jubouri take two steps the Iraqi Central Bank to raise the price of the Iraqi dinar and weighed against the U.S. dollar. Jubouri said L / JD / “The central bank has taken two steps is to first new controls on the value…
Weights Of The Global Banks To Enter A Partnership With Iraq
| May 7, 2012 | Filled under Other News |
Baghdad – The morning Was likely the Executive Director of the Association of private banks Abdul Aziz Hassoun, enter the international banks are known to the Iraqi market for the purpose of sharing with Iraqi banks in the performance of their duties in banking in the coming period. Said: There is a great desire by the international banks to…
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