Posts Tagged by Iraqi Dinar
Deputy: Application to Replace the Currency Deliberately Limits the Fluctuation of the Dinar Against the Dollar
| May 13, 2012 | Filled under Featured Article |
Baghdad, counting member of the Finance Committee and the parliamentary deputy for the National Alliance Haitham Jubouri currency exchange operation may confuse the market due to the fluctuation of the Iraqi dinar afterthought but if properly applied the substitution reduces the volatility quotient. Jubouri said “The replacement of the currency reduces the volatility of the current Iraqi dinar and the…
Government Economic Ministerial Committee Looking Into the Degradation Rate of the Dinar
| May 1, 2012 | Filled under Featured Article |
Baghdad: JD led Deputy Prime Minister Dr. rose Nuri Shaways said, the Ministerial Committee established to consider the Iraqi dinar exchange rate fluctuations. The meeting was attended by Ministers of finance and oil, planning and trade, agriculture and the Governor of the Central Bank of Iraq and Secretary General of the Council of Ministers and Chairman of the National Commission,…
Finance Committee: A Committee to Study the Preservation of the Dinar
| April 23, 2012 | Filled under Featured Article |
Baghdad, Member of the parliamentary Finance Committee revealed Haytham al-Jabburi from the Committee meeting with the Ministry of finance and the Central Bank to form a Committee studying steps to preserve Iraqi dinar. He said al-Jabouri l/JD/that the Committee had a meeting with Central Bank two managers in the Ministry of finance for the purpose of identifying the most important…
Central Bank of Iraq: $10B Siphoned Off in Support of Iranian and Syrian Currencies
| April 21, 2012 | Filled under Featured Article |
The deputy governor of the Central Bank of Iraq (CBI), Mudhhir Mohammad Saleh, has revealed that Iraq’s foreign currency reserves, estimated at $54 billion, have declined by $10 billion since last November, and that the money was used by banks, money-changers and money-transfer companies in support of the Iranian and Syrian economies, which are subject to sanctions. He asserted that speculators…
Efforts to Search for Solutions and Actions Supportive of the Strength of the Iraqi Dinar
| April 19, 2012 | Filled under Featured Article |
Baghdad Yasser incumbent Working the banking and financial services to study the possibility of finding solutions and procedures that will maintain the strength of the Iraqi dinar was prepared with the Association of private banks in Iraq, some of the proposals in this regard in the context of her answer to the action or decision issued by the Central Bank…
“Iraqi Dinar, the Good, the Bad, and the Ugly”
| April 15, 2012 | Filled under Featured Article |
Scam artists wasted no time devising another foreign currency investment scam. This time it involves gambling. With the promise of a possible revaluation of certain currencies, the currency dealers and those working for the currency dealers propose that an investor give the dealer a down payment (money) to hold said “investor’s” order placed for foreign currency. The dealer will…
Finance Committee Warns of “Deterioration” of Iraqi Economy
| April 15, 2012 | Filled under Iraq Daily News |
BAGHDAD – The finance committee in the Iraqi Council of Representatives today warned about the deterioration of the Iraqi economy due to the low exchange rate of the dinar to the US dollar, assuring that proposals are underway to get the country back on its feet. Committee member Shawrash Mustafa said the committee began to study the deterioration of the…
Iraq Halts Plans to Redemoninate Dinar
| April 14, 2012 | Filled under Featured Article |
Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, the cabinet secretary said. The central bank said last August it planned to redenominate the Iraqi dinar to simplify financial transactions in an economy that is still…
Directs the Council of Ministers Set Up a Committee to Study the Fluctuation of the Iraqi Dinar Exchange
| April 12, 2012 | Filled under Featured Article |
Baghdad {: News} Euphrates instructed the Council of Ministers today to set up a committee to study the fluctuation of the exchange rate of Iraqi dinar and propose appropriate solutions to prevent damage. A statement by the Prime Minister received the Euphrates News Agency {} a copy of it on Wednesday that “the face of the cabinet to form a…
Fears of the Continuing Decline of the Dinar Against the Dollar
| April 11, 2012 | Filled under Iraq Daily News |
Baghdad, Dinar has seen a new low against the dollar to reach in local markets to 126.5 thousand dinars for the paper category percent dollars. According to traders and shop owners that the banking dinar is witnessing a clear decline and this will lead to the loss of citizen confidence in local currency, which was on the rise against the…
Battle Against Counterfeit Gangs Before Change in Currency
| April 10, 2012 | Filled under Featured Article |
DUHOK, (AKnews) – Neighboring countries are attempting to introduce large amounts of counterfeit Iraqi currency to the country before the deletion of three zeroes from the Iraqi dinar. The Iraqi Council of Representatives’ Economic and Investment Committee chairman, Mahma Khalil revealed the information to AKnews on Sunday, adding that the Iraqi Central Bank (ICB) has taken all measures and precautions…
Meat Has the Highest Rate of Prices in March
| April 8, 2012 | Filled under Iraq Daily News |
BAGHDAD – Al Sabah announced the Central Agency for Standardization and Quality Control of the Ministry of Planning, for recording the highest rate of prices of red meat for the month of March, compared to prices of other foodstuffs, while the lowest price of the share of flour, brown business. A spokesman for the Ministry Abdul-Zahra al-Hindawi: The Central Bureau…
Collapse of Syrian Pound Echoes Across Jordan
| March 31, 2012 | Filled under Iraq Daily News |
They point to the collapse of the Iraqi dinar after the 1990 sanctions against Saddam Hussein, which caused the Iraqi currency to take a nosedive and saddled them with losses of hundreds of millions. Cross-border trade dries up, sagging economy drives refugees into kingdom RAMTHA, Jordan — In this tranquil border town, the civil war being fought in neighboring…
Sign Contracts for the Establishment of Investment Mall and the City of Basra in Games
| March 30, 2012 | Filled under Iraq Daily News |
Signed the province of Basra a group of contracts Stosmaria for three large projects important in the city. The director of the municipality of Basra Abdul-Zahra Sweden in a press statement that “These contracts include the establishment of a shopping mall in the area of tax collector Kuwait Street and the city of games in the kiss and the draft…
The Project Is Important to Increase the Power of the Dinar and the Money Supply to Reduce the Enormous
| March 16, 2012 | Filled under Featured Article |
Why after the lifting of zeros? Baghdad – Haider al-Rubaie Filaih Economic expert said that a number of things can be achieved thanks to the deletion of three zeros from the currency, noting that in the forefront of those positive things to be achieved after the implementation of the project is to increase the control of monetary authorities on…
Kirkuk Kd 2.3 Billion Allocated for the Construction of Seven Stations, Electric
| March 11, 2012 | Filled under Featured Article |
Kirkuk, (Rn) – The stakeholders in the electricity Kirkuk, for the allocation of two billion and 300 million dinars for the construction of seven stations for electricity to be self-sufficient. Said Qais Alrezvani Relations Officer and media in the Department of Electricity Distribution Kirkuk to the Kurdistan News Agency (Rn) that the Directorate of Electricity Kirkuk has prepared a plan…
CBI Confirms That the Guardianship and the Warka Bank Came to Save Him
| March 10, 2012 | Filled under Featured Article |
Baghdad, (Rn) – The Central Bank of Iraq, the imposition of guardianship on the Warka Bank of Iraq Investment and Finance came to save him from some of the problems experienced by noting that the interim administration’s current bank moving its business, while considered the Committee of Representatives of financial conduct of the Central is an important step to improve and…
The Project Is Important to Increase the Power of the Dinar and the Money Supply to Reduce the Enormous
| March 9, 2012 | Filled under Featured Article |
Why after the lifting of zeros? Baghdad – Haider al-Rubaie Filaih Economic expert said that a number of things can be achieved thanks to the deletion of three zeros from the currency, noting that in the forefront of those positive things to be achieved after the implementation of the project is to increase the control of monetary authorities on…
Banks That Can’t Cash a Cheque Slow Iraq Economy
| March 8, 2012 | Filled under Featured Article |
* Big state banks are inefficient, primitive * Privately owned banks lack national scale * Situation deters non-oil investment by foreigners * Foreign banks entering gradually * Central bank revising banking laws Baghdad, An Iraqi businessman, trying to cash in on the billions of dollars pouring into the country from lucrative oil contracts, complains that his biggest headache is…
Counterfeit Money Infiltrates Kurdistan’s Markets
| March 3, 2012 | Filled under Iraq Daily News |
ERBIL, Iraqi Kurdistan – Some businessmen and owners of currency exchange bureaus say that counterfeit banknotes have flooded the market in the Kurdistan Region. The president of the Kurdistan Region Bank said, “High-tech machinery is apparently used to make some of the counterfeit money.” The president of Kurdistan Region Bank, Adham Karim, said they have told various governmental agencies…
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