NEWS: Dinar Currency & World Currency News
* CBI to sell Dollars facing Iraqi Dinar depreciation
In a series of measures to face Iraqi dinar depreciation facing the Dollar, Iraqi Central Bank authorized Al Rafidain and Al Rashid governmental banks to sell the Hard Currency in direct auctions in order to provide larger quantities of Dollar and fulfill increasing demand thereof. Our new measures helped increasing dinar exchange rate which is expected to become stable in the few coming days, Deputy Governor of Iraqi Central Bank revealed.
* Iraq Business News: Dep Finance Minister says Dropping Zeros Won’t Raise Dinar Value, Just Cosmetic
Parliament’s Finance Committee have denied that there is currently any proposed law regarding the removal of zeros from the Iraqi banknotes.
Ahmad Faizulla, an MP from the Kurdistan alliance in the Iraqi parliament and member of the finance committee, dismissed claims that their committee has prepared and drafted a law to alter the currency.
* Manal al-Musawi MP announces its withdrawal from the coalition of state law
Erbil, May 25 / May (PNA) – announced an MP for the coalition of state law, Manal al-Moussawi, on Thursday, its withdrawal from the coalition of law and its transformation into an independent member.
* Parliamentary Finance Committee: Increase the points of sale of foreign currency value of the dinar patches
Parliamentary Finance Committee: Increase the points of sale of foreign currency value of the dinar patches
Babylonian News / Baghdad
Friday, 25/5/2012
Said the Finance Committee representative that its proposal submitted to the Central Bank of Iraq on increasing the number of agencies responsible for the sale of foreign exchange (banks, Rafidain and Rasheed), which was applied during the last few days, contributed to raise the value of the Iraqi dinar against the U.S. dollar.
and approved the Central Bank of Iraq earlier in the presence of defect in the Iraqi dinar exchange rate, and…Read More: [LINK]
* Iraq Central Bank to sell Dollars facing Iraqi Dinar depreciation
25-05-2012 – 05:47
In a series of measures to face Iraqi dinar depreciation facing the Dollar, Iraqi Central Bank authorized Al Rafidain and Al Rashid governmental banks to sell the Hard Currency in direct auctions in order to provide larger quantities of Dollar and fulfill increasing demand thereof. Our new measures helped increasing Iraqi dinar exchange rate which is expected to become stable in the few coming days, Deputy Governor of Iraqi Central Bank revealed….Read More: [LINK]
* Sadr calls on Maliki to visit him before putting the finishing touches to a social Erbil, Najaf
Friday 25 May 2012
Alsumaria News / Najaf
called the cleric Moqtada al-Sadr, on Friday, Prime Minister Nuri al-Maliki to visit him before putting the finishing touches to a social Erbil, Najaf, while he expressed his willingness to involve a coalition of state law in all the dialogues which are underway. said Moqtada al-Sadr in response to a question from one of his followers on the non- Invite a coalition of state law to recent meetings, while asking at the same time replace Prime Minister Nuri al-Maliki, “I call on Prime Minister Nuri al-Maliki and those with him to resolve our guests with dignity in Najaf before…Read More: [LINK]
* World Bank, IMF to have an advisory role in regards to Iraq’s economy and foreign investment support
World Bank and the International Monetary Fund shall conclude a cooperation consultant with Iraq
2012-05-25
Baghdad/JD/…The parliamentary Finance Committee showed that cooperation between the Iraqi Central Bank and only consultant without a faith to support the latest financial loans.
He said the Commission’s decision and the Iraqi list MP Ahmed got l/JD/”the cooperation between the World Bank and the International Monetary Fund with the Iraqi Finance Ministry and Central Bank investment consultant only in respect and cooperation is with the financial support of Iraq”….Read More: [LINK]
* CBI: It is not our duty to prosecute traders and smugglers
BAGHDAD / Baghdadiya News / .. I consider Central Bank of Iraq, Wednesday, mechanisms for the prosecution and the arrival of the goods until the final users, they fall outside the scope of his powers.
The central bank said in a statement and received / Baghdadiya News / copy of it, that “the auction of hard currency which is conducted by the Bank became funded many operations, import,” noting that “Auction currency is a tool of monetary policy the central bank to achieve the principles and fundamentals of the policy and objects of multiple”…Read More: [LINK]
* Increase in Iraqi dinar value is due to central bank’s regulatory procedures, says parliamentary committee
BAGHDAD, May 24 (AKnews) – The Iraqi parliament’s finance committee stated yesterday that applying its proposal submitted to the Central Bank of Iraq (ICB) about increasing the number of agencies responsible for the sale of hard currency has contributed to raising the value of the Iraqi dinar against the US dollar. The presence of Rafidain and Rasheed banks has increased the number of agencies responsible for the sale of hard currency.
Finance committee member Hadi Amin said: “This action contributed to raising the value of the Iraqi dinar against the dollar and…Read More: [LINK]
* Deleting the zeros depends on the CBI’s control over the dinar exchange rate; Calls for adoption of new monetary policies before implementation
FRIDAY, MAY 25 / MAY 2012
Confirmed to the parliamentary Finance Committee, on Friday, that the implementation of the project to delete the zeros of the Iraqi currency and restructuring depends on the extent of control and control of the Central Bank of the exchange rate of the dinar against the dollar, as called for the adoption of new monetary policies before the implementation of the project….Read More: [LINK]
* Expert Opinion: Possibility Iraq is creating more than an international free economic zone in the triangle of FAO
Basra (News) …Expert stressed the possibility passes Tawfiq al-Manea, Iraq creating more than an international free economic zone on its way to investment, noting that FAO would be best triangle area because it will change the map of trade in all countries of the world.
* Finance Committee: financial surplus from oil revenues will be distributed to the general public
A member of the Finance Committee for the National Alliance MP Amin Abbas, on the coverage of poor families with limited income and the distribution of grant fiscal surplus derived from oil revenues, and not all the Iraqi people, saying the launch end of the year.
* MP Nassif warns basis for calculating maritime boundaries between Iraq and Kuwait are wrong
Baghdad (newsletter) …Warned the Iraqi bloc MP/free/high Nassif from calculation of the maritime boundary between Iraq and Kuwait on the basis of wrong leads to loss 30-40 kilometres from the Iraqi territorial waters.
* Maliki has formally endorsed the eight items of Talabani and prepared by the constitutional basis for dialogue
Prime Minister Nuri al-Maliki on Friday, expressed support for the eight items put forward by President Jalal Talabani to resolve the current political crisis experienced by the country, returned it with a constitutional basis for dialogue.
* CBI: It is not our duty to prosecute traders and smuggglers
BAGHDAD / Baghdadiya News / .. I consider Central Bank of Iraq, Wednesday, mechanisms for the prosecution and the arrival of the goods until the final users, they fall outside the scope of his powers.
The central bank said in a statement and received / Baghdadiya News / copy of it, that “the auction of hard currency which is conducted by the Bank became funded many operations, import,” noting that “Auction currency is a tool of monetary policy the central bank to achieve the principles and fundamentals of the policy and objects of multiple”.
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