IRAQ TRIES AGAIN TO BUOY IRAQI DINAR, STEM DOLLAR FLIGHT
Reuters reports that Iraq’s central bank, struggling to stem an illicit tide of dollars into sanctions-bound Iran and Syria, has had some success in steadying its own Iraqi dinar by pumping dollars to Iraqis through two state-run banks.
Late last month the central bank allowed U.S. dollars to be sold at a fixed rate through two state-run banks, Rafidain and Rasheed, helping to push the dollar from 1,280 Iraqi dinars to 1,210 Iraqi dinars and closing the gap between the official rate and the market price. Continue reading »
Iraqi Stock Exchange index maintains the prices marginally for the second day at the end of its weekly
Hafiz Iraqi Stock Exchange index for the second day marginally in Thursday’s session, recording 116.39 points.During the session trading of shares of 38 companies out of the contribution of 84 companies listed electronically, shares of 7 companies, and prices of shares of 22 companies, while 9 companies have maintained the price of its shares.
And the number of shares traded in today’s session 786 million shares of one billion and 391 million Iraqi dinars, achieved through the implementation of the 439 contract traded.
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Recommendation to activate the law of the customs tariff by 5 percent
BAGHDAD – Al Sabah Committee announced that the economy and investment representative for it recommended the government to activate tariff law the end of this month, the lowest rates of duty which is 5 percent similar to the proportion of the reconstruction of Iraq.
said Committee member Abbas Hammoud’s (Center news for the Iraqi Media Network) that “the Committee on Economics parliamentary You can not be initiate a new law instead of the tariff law, especially as the Commission can not new legislation disrupts the tariff law. Continue reading »
Oil imports amounted to (39) billion dollars since the beginning of the year
Iraq Oil: Announced by the Economic Committee MP for the coalition in Iraq Nahida Daini, short of Iraq’s imports of oil (39) billion dollars since the beginning of the year, saying they are few and without the required level.
said Daini (the Agency news) said on Wednesday that revenues earned during the past five months and adult (39) billion dollars a few do not meet the needs of the general budget-deficit substantial financial, and projects subject to the surplus of financial attained. Continue reading »
Cabinet decides to continue the payment of trade receivables arising from the Paris Club agreement
Cabinet decided in its meeting held on Tuesday to continue the payment of trade receivables arising from the agreement within the Paris Club procedures for the protection of Iraqi funds.
Announced the government spokesman, Ali al-Dabbagh that the Council of Ministers decided at its twenty-fourth regular session last Tuesday, June 5, 2012, approved my recommendation to the Ministerial Committee for ensuring the protection of Iraqi funds. Continue reading »
CBI: Middle of next year will resolve Iraq’s debt profile
Announced that the CBI the end of June of next year will determine all debts owed by Iraq and to know her exact amounts.
The deputy governor of Bank of the appearance of Mohammed Saleh, said that it is unreasonable and unacceptable to continue to claim the extension of protection to Iraqi funds abroad, where the middle of next year will see the resolution of this file completely. “ Continue reading »
UN Rep heading to Kuwait today to discuss the promotion of Iraq -Kuwaiti relation
Announced that the UN mission in Iraq [UNAMI] that the Special Representative of the Special Representative of the Secretary-General of the United Nations in Iraq, Martin Kobler on Wednesday will travel to Kuwait to visit on the Iraqi-Kuwaiti relations.
A statement from the [UNAMI] received by the agency and all of Iraq [where] that Kubler will visit Kuwait on 6 and 7 June where he will meet with senior Kuwaiti interlocutors in order to strengthen the positive relationship growing between Kuwait and Iraq. Continue reading »
Iraq received the message about the extension of the protection of his money by the United States
Minister of Foreign Affairs with the charge d’affaires of the Embassy of the U.S. Received the Foreign Minister Hoshyar Zebari, on Wednesday, 6/6/2012 in the Office of the Ministry, Robert Beecroft Chargé d’affaires of the Embassy of the United States of America. Beecroft him during the meeting, Foreign Minister extended a message that includes the protection and immunities that protect Extraordinary Iraqi funds (the Development Fund for Iraq) until the month of May 2013.
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The process of selling the dollar to the citizens come to support the family economy
BAGHDAD IRAQ: – Hussein Tgb Tamimi praised a number of specialists affairs Financial to adopt the private banks to help the Iraqi Central Bank to sell the dollar to the citizens eligible according to the instructions issued, where it can be for the traveler or going for treatment outside the country get 10 thousand dollars at 1189 dinars per dollar.
He interested that this step is working on the stability of prices, which witnessed the confusion evident during the last period also contributes to the support of the citizen, who was heading for a black market for hard currency at inflated prices have a negative impact on the economy of the family. Continue reading »
Rasheed Bank: Support for small businesses to stimulate the national economy
Baghdad Iraq: Haider Filaih Rubaie praised the Director General of the Rasheed Bank of the importance and role of small enterprises in the development of the Iraqi economy and reducing unemployment and alleviating poverty in Iraq, pointing out that the rational decided to give wishing to establish small businesses loans of up to 20 million dinars and the period of payment of three years, as Iraq seeks to develop the reality of investment projects and activate the production to him,
said General Manager of the bank that the volume of funds allocated by the rational supporting the private sector amounted to 200 billion dinars, pointing out that those numbers will be of great value if carried out Iraq projects, strategic task can be reflected positively on the reality of sustainable development in the country, stressing that the bank is fully prepared to support such large projects, if implemented on the ground. Continue reading »
Iraq confirms its commitment to pay the dues arising from the Paris Club agreement
Erbil, Iraq: – The Iraqi government announced on Wednesday that the adoption of my recommendation to the Ministerial Committee for ensuring the protection of Iraqi funds fall within the fulfillment of international obligations and the completion of the items that resulted from Iraq by the policies of the former regime.
and the Cabinet had decided at its Twenty-fourth held on Tuesday approved my recommendation to the Ministerial Committee for ensuring the protection of Iraqi funds. A statement from government spokesman Ali al-Dabbagh that “the adoption of my recommendation to the Ministerial Committee for ensuring the protection of Iraq’s money comes the interest of government to repay debt and meet international obligations and the completion of the items that resulted on Iraq by the policies of the former regime and its aftermath, such as oil for food program, as well as the adoption of a mechanism fully to ensure the protection of Iraqi funds after the end of the mandate of the Development Fund for Iraq at the end of 2010. ” Continue reading »