Parliament calls for the Central Finance and the Ministry to discuss the fluctuation of the dollar
parliamentary Finance Committee confirmed that it will summon officials of the Central Bank and Ministry of Finance (without specifying the functional grades) during the week to see through them on the procedures applied to maintain the exchange rate of the Iraqi dinar compared with hard currency.
He accused the Central Bank of four countries to “conspiracy” to hit the financial economy of Iraq to empty its market of its financial strength indicating that the corridors of free trade in Iraq is becoming the means adopted to hit the economy.
A member of the Committee Secretary Hadi, according to (Rn) that the Finance Committee held last week deliberated on the exchange rate Iraqi dinar and procedures of the Central Bank and the Ministry of Finance … Committee asked for new data on the procedures applied. ” Read more
Ministerial Committee on the economic deterioration of the government looking the dinar exchange rate
Ministerial Committee on the economic deterioration of the government looking the Iraqi dinar exchange rate
Baghdad: JD chaired by Deputy Prime Minister Ruz Nuri Shaways today, the ministerial committee charged with studying the fluctuation of the exchange rate of the Iraqi dinar.
The meeting was attended by ministers of finance, oil and Planning, Commerce and Agriculture and the Governor of the Central Bank of Iraq and Secretary General of the Council of Ministers and his assistant and head of the National Investment Commission and Advisor to the Prime Minister for Legal Affairs and the Chancellor’s economic advisory board and Dr. Ali Abdul-Amir Allawi, the economic expert, Dr. Ahmed Bureihi financial expert.
Guru Chats 4-30-2012
4-30-2012 Intel Guru Bear5642 I RECEIVED A CALL FROM IRAQ…AND MY BUSINESS PERSON TOLD ME THE ATMOSPHERE IN IRAQ RIGHT NOW IS VERY UNSTABLE AND THE PEOPLE IN IRAQ ARE FURIOUS ABOUT THE US DOLLAR GOING UP IN VALUE TODAY AND THE DINAR RATE DECREASING…SCOTTI G…FELT THAT WAS GOOD NEWS BECAUSETHE IRAQI PEOPLE NOW UNDERTSNAD THE SITUATION ABOUT THEIR CURRENCY AND THEY WANT RESULTS IMMEDIATELY.
4-30-2012 Intel Guru Cap1 this might be a last minute test of the group rate code function. Whether this is a test or live rate, this is a fantastic sign that things are happening in a positive way. Just wait for everything to fall into place… Read more
Iraqi Stock Exchange index down by 0.14% to record 117.99 points
BAGHDAD (Iba) … Index Iraqi Stock Exchange in a session on Sunday by 0.14 percent to 117.99 points. During the session trading of shares of 43 companies contribute out of 85 companies listed electronically, with shares of 8 companies, and decreased shares of 25 companies which, while preserving 10 companies on the prices of shares.
and the number of shares traded at today’s meeting billion, 882 million shares at $ 4 billion and 762 million dinars, it has been achieved through the implementation of 551 contract traded.
Chapter VII, 4 files, the top Iraqi-Kuwaiti talks
Date: Monday 30/4/2012 9:30
Baghdad / Iyad al-Tamimi
five files, topped the Iraqi-Kuwaiti committee meetings that began yesterday in Baghdad and a two-day. And gave Prime Minister Nuri al-Maliki during a meeting with Kuwaiti delegation, a big boost to the success of meetings and the development of bilateral relations, when he emphasized that Iraq is touching the Kuwaiti real desire to overcome the problems between the two sides,
The start of a large delegation of Kuwaiti businessmen to visit Baghdad next month.
revealed the Force Commander, Marine Lt. Gen. Ali Hussein, that the meetings of joint committees will yield the signing of memoranda of understanding between the two countries and ending Chapter VII. Read more
Najiba Najib: auction sale of hard currency needed to better performance of the central bank
BAGHDAD / JD / .. confirmed member of the Finance Committee and the parliamentary deputy from the Kurdistan Alliance Najeeba answer to that auction for the sale of hard currency which is supervised by the central bank needs to do better to confront the current crisis between the price of the dollar and Iraqi dinar.
Najib said L / JD / “The central bank in front of big challenges in particular, that the demand for hard currency in addition to the large revenues of Iraq depends on the dollar through oil exports.” Read more
Ministry of Finance to discuss the fluctuation of exchange rate of the Iraqi dinar
Baghdad, April 30 (Rn) – The Finance Committee representative, on Monday, it will summon officials in the Iraqi Central Bank and the Ministry ofFinance (without specifying the functional grades) during the week to see through them on the procedures applied to maintain the exchange rate of the Iraqi dinar compared with hard currency.
He accused the Central Bank of Iraq Friday four of the “conspiracy” to hit the financial economy of Iraq to empty its market of its financial strength indicating that the corridors of free trade in Iraq is becoming the means adopted to hit the economy while decreasing the Iraqi dinar value. Read more
Central Bank: Rooms of a regional crisis caused the Iraqi dinar
30-04-2012 10:00 AM
Iraqi Central Bank revealed that the cause of the low of the Iraqi dinar against the dollar due to the «crisis deliberately released into Iraq, run by regional operating rooms designed for the withdrawal of monetary growth achieved by following the double pumping mechanism to the inside goods».
The Iraqi Dinar has seen a decline noticeable in value against foreign currencies, particularly the dollar, as the decline exceeded 10 points after the Iraqi Dinar exchange rate was 1118 Iraqi Dinar to the dollar is currently worth 1228 Iraqi Dinar. Read more
Alabtan: The Central Bank is facing a fierce attack
The Central Bank intends to transfer an auction sale of hard currency to government commercial bank, the fact that the auction does not fall within its competence, raising the ire of a number of financial experts, parliamentarians and government banks because the technology is not qualified and can not maintain the exchange rate of the dinar against the dollar.
Said Abdul Hussein Alabtan member of the Committee: The delivery of the auction to a government bank would increase the value of the dinar against the U.S. dollar level can not be controlled, would hurt citizens by increasing prices in the domestic market. Read more
Abandon the sale of currencies … Surprise Central Bank step response to critics
Date: Sunday, 29-04-2012 12: 09 pm
Baghdad (News)/report/Hussein Faleh/… After scathing criticism of the Central Bank against the backdrop of rising US dollar to dinar, Central began to withdraw his hand from thinking to sell hard currency at its auction for one of the State banks.
The Central Bank intends to transfer the auction sale of hard currency to the State commercial bank that the auction does not fall within its competence, what irritated a number of financial experts and parliamentarians because State banks ineligible technology cannot maintain the dinar against the dollar. Read more
Baghdad / range
confirmed the parliamentary decision of the Economic Commission Mahma Khalil move structuring the Iraqi dinar and delete zeros from them.
and was scheduled to begin the process of removing zeros from the currency in the month of September next step to raise the price of Iraqi dinar against other currencies.
Khalil said, according to (Euphrates News) said the draft structure of the Iraqi dinar and delete zeros of which will have significant economic benefits and will reflect positively on the economic reality for the citizens. Read more
Guru Chats 4-29-2012
4-29-2012 Intel Guru Hammerman FINALLY HEARD FROM IRAQ…TUESDAY MIGHT BE UPLIFTING…BUT LET’S JUST WAIT AND SEE….COURSE THIS COULD HAPPEN AT ANY TIME.
4-29-2012 Newshound Guru 8Ball May 3rd they reconvene parliament…May 7th is the National Convention…Kuwait is in Baghdad today…Barzani had Talibani, Sadr, Allawi in a closed door meeting in Erbil…Barzani called all Kurdish ministers into a meeting after the closed door meeting…Speaker of the house flew into Erbil to attend the closed door session…the result of the Erbil meeting is that the mechanisms for democracy are now in place…Sadr has said that there will not be an over throw of the government…there maybe a change of the PM. ["continued in post 2...stay tuned"]
4-29-2012 Intel Guru Delta A LIFE [LIVE ?] PRESS CONFERENCE CAME OUT IN IRAQIA TV BETWEEN KUWAIT AND IRAQ AND THEY DID SAY THAT THEY DID SIGN 4 IMPORTANT DEALS AND ONE OF THEM IS TO GET IRAQ OUT OF CH 7. Read more
4-28-2012 Intel Guru Poppy3 the statement that Talibani made about unless they have signed documentation from every block that they are going to fulfill their agreements this time, he will not set the N/C…if he holds them to this it will assure us that the nc will end all or most of the conflict between them enough to get the rv done and progress the economy and welfare of the iraq people.
4-28-2012 Intel Guru Hammerman Forex is stating not before Tuesday. The banks think it could happen at anytime now, any minute. We are in a window now. We think we will see it before the 5th. Shabibi gave final release code book to the imf and bis. So, that’s where we are. In that book is the date, rate and time. They have it and it will go. Does it have to happen today or before August? No, but it could happen at any time. Bankers are looking at the top of every single hour, every day. They are all pumped up! I was told to push my back wall date to the 15th but most say it wont go that far. I truly believe (it will happen) before the 5th. Read more
Baghdad, April 28 (Rn) – The parliamentary Finance Committee, on Saturday, the Iraqi government to initiate the establishment of an Islamic bank to support a government project to develop State-owned banks.
Revealed the Iraqi government in July 2 last they decided to establish an Islamic government bank supervised by the Central Bank of Iraq and administratively linked to the Ministry of Finance.
Said committee member Najiba Najib told the Kurdish news agency (Rn) that “the Finance Committee in the House of Representatives supports the government’s approach towards the development of an Islamic bank is characterized by a government bank transactions and is based on a modern basis away from the administrative bureaucracy.” Read more