central bank governor would hurt the Iraqi economy and the financial

Member of the Finance Committee: issuing an arrest warrant against the central bank governor would hurt the Iraqi economy and the financial system

A member of the Knesset Finance Committee, MP Hassan Suleiman that the issuance of an arrest warrant for Governor of the Central Bank of Iraq will harm the Iraqi economy and the Iraqi financial system.

Sulaiman said in a statement (radio public opinion): “The issuance of such a warrant that was political or non-political impact on the credibility of the financial institution in Iraq.” Noting that the issuance of such a warrant could lead to causing Akhvad large currency depreciations Iraqi “. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged , | Comments Off

IMF warns of debt crisis of rich nations

IMF warns of debt crisis of rich nations

IMFBAGHDAD –Director-General warned of the IMF Christine Lagarde Friday that public debt accumulated rich countries are close to the levels recorded in the “wartime”, arguing that the “hurdle” would only be overcome behavior “difficult road”.

Said Lagarde spokeswoman in Tokyo during a meeting of representatives of the States the 188 members of the Fund, “The biggest obstacle (to growth) will present undoubtedly inheritance tremendous successor public debt has reached now average 110% (of GDP) in developed countries, a level almost equal wartime levels. “ Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off

security and stability the most important challenges of investing in Iraq

Deputy: underdevelopment of the banking sector and the lack of security and stability the most important challenges of investing in Iraq

IraqFollow-up – Iraq -reported by the Commission services and reconstruction MP / coalition of Kurdish blocs / Cheyenne Mohammed Taher, that highlighted the challenges facing the sector investment in Iraq is failure of the banking system for banking technologies global, and the lack of stability of a security fully, which led to the reluctance of many from international companies to invest in the country, calling to amend the investment law format attract companies and promote the country’s economic process.

Said Taher: Iraq lacks the Law sober for investment, noting that the current law No. (13) for the year (2006) contains paragraphs repellent to investment companies, Valdharorh urgent to amend the law format developed to attract companies and maintains their money, and eliminates routine prevailing in the state departments . Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged , | Comments Off

Invitations for a revolution to reform the economy laws

Invitations for a revolution to reform the economy laws

called specialists to the need to find new legislation and the introduction of laws aimed at the advancement of the national economy to achieve accompanying economies of countries in the world where changes rapidly in sectors all.

said economic expert and former Rep. full of Baldawi’s (range) that Iraq witnessed variables large after 2003, Kaaqrar Iraqi constitution, and trends of the economy which is controlled by the government toward a market economy, requires work to change a number of economic laws and the introduction of new legislation to cope with the developments in the global economic system. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off

The World Bank plans to invest $100 million in Iraq…

The World Bank plans to invest $100 million in Iraq

Baghdad Iraq announced the World Bank for Reconstruction and Development, Tuesday, plan to invest $ 100 million in Iraq, indicating that the region has created an urgent need to provide the basic conditions necessary to stimulate growth and support the development of human beings.

said World Bank Vice President for Europe, Middle East and North Africa Dimitris Tsetserajus, “The company plans to invest nearly $ 100 million in Iraq over the next year 2013″, noting that it “has invested $ 400 million in Iraq during the past period and plans for further investments, and especially in the areas of infrastructure, manufacturing and the financial sector.” Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged , | Comments Off

What of the Iraqi economy’s market economy under the tent?

What of the Iraqi economy’s market economy under the tent?

1 – How Iraq entered the world of the market economy? I find it important to start to know the reader market economy before entering to talk about our topic. Not difficult today on each of using a computer to go to the free encyclopedia Wikipedia to find: the market economy or free market economy is the capitalist economy or economic system whose economic liberalism essential component in it, and the idea of a free economy is not state intervention in economic activities and leave the market adjusts itself.

And liberalism depends mainly on the idea of individual freedom, and to find out the idea of a free economy or a market economy in a positive way the definition is that an individual is born free, thus the freedom to make any economic activity. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off

Parliamentary economy: inflation rate in Iraq is unacceptable

Parliamentary economy: inflation rate in Iraq is unacceptable

Committee considered the economy and investment parliamentary current inflation rate in Iraq as unacceptable, calling on the government to prepare a strategy to double the economic GDP in order to improve the standard of living and Alrvahe citizen.

The member of the Committee of Economy and Investment parliamentary Abdul-Abbas the estrus, government to “draw a strategy and put laws diversity of GDP, which depends mainly on oil.” Estrus said “GDP is one of the economic criteria, and affect the per capita income and the budget and welfare measures for the citizen,” he said, adding that “revenue needed to sustainable development, such as agriculture, industry, generating profits on the citizen and the country.” Continue reading »

Posted in Government of Iraq News | Tagged , | Comments Off

Tomorrow: Jordan intends to discuss Iraq 1 billion dollar debt…

Tomorrow: Jordan intends to discuss Iraq 1 billion dollar debt

BAGHDAD / JD / .. intends Jordanian government to discuss the issue of debt on Iraq, amounting to a billion dollars, during a meeting with Iraqi Minister of Finance tomorrow.

held in the Jordanian capital Amman this week talks ministerial Jordanian-Iraqi to promote trade and economic relations between the two countries, and discussed aspects of cooperation in all fields, and that on the sidelines of the session 26 of the Trade Committee Jordanian-Iraqi Joint headed by Minister of Industry and Trade Shabib Ammari and Iraqi Minister of Finance Rafie al-Issawi, which Stbdogda Tuesday. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged , | Comments Off

IMF stands ready to help Iraq in the fight against money laundering

IMF stands ready to help Iraq in the fight against money laundering

Arbil September 15 / September (Rn) – The IMF, on Saturday, expressed its full readiness to show support and assistance in maintaining the stability of the Iraqi dinar compared to the price of the dollar and the reduction of money smuggling operation and develop ways to control the country.

According to a statement issued by the Information Service of the Council of Representatives of Iraq, today, that “the Finance Committee chaired by MP Haider al-Abadi discussed with a delegation from the International Monetary Fund (IMF) fluctuation in winning auction Iraqi currency and the exchange rate and the budget 2013.” Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off

Delegation of the IMF volatility happening in Iraqi currency auction..

Parliamentary Finance Committee are looking with a delegation of the IMF volatility happening in Iraqi currency auction

{Baghdad: Euphrates News} parliamentary Finance Committee considered chaired by MP Haider al-Abadi and in the presence of members of the economy and investment with a delegation from the IMF fluctuation in winning auction Iraqi currency and the exchange rate and balance of 2013.

A statement from the Department of Media House received and Euphrates News Agency {} copy Saturday, “it was discussed during the meeting ways used to stop the oscillation winning in the exchange rate in the auction Iraqi currency and keep the price stable currency compared at the dollar, as well as discuss the process of smuggling money and how to combat it and the possibility of the Central Bank of Iraq in bridging the needs of the local market currency and the federal budget for the year 2013. “ Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged , | Comments Off

Deep roots dollar in Iraq is no place for the euro…

Deep roots dollar in Iraq is no place for the euro…

Undoubtedly the dollar champion market and the Iraq economy undisputed, is the main driver of prices, and trusted by everyone over the national currency, and Ihtervon handle it, what made the rest of the world’s currencies, most notably (euro) Nader trading in Iraq.

seem roots dollar deep and can not be ( of euros) Zhzanh of control transactions Iraqi market, despite the fact that (the euro) is a common currency for Europe, which includes countries with a strong economy. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged , | Comments Off

UN: global growth fell sharply last year and continue to decline…

UN: global growth fell sharply last year and continue to decline through 2012

The report received by the agency / Baghdadiya News / “The global growth fell sharply last year and continue to decline through 2012 as decline in global growth from 4.1 per cent in 2010 to 2.7 per cent in 2011, is expected to continue to decline in 2012 to less than 2.5 per cent, according to the Trade and Development Report for 2012 released Wednesday by the United Nations Conference on Trade and Development (UNCTAD).

He noted that “the report entitled” Policies comprehensive and balanced growth, “focuses mainly on income inequality, and suggests that reducing the widening gaps in wealth and income will not be his only social benefits, but will also lead to greater economic growth. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off

And Iraqi citizen and the consumer doesn’t know how to invest…

national economy “strong” compared other Arabic countries. And Iraqi citizen and the consumer doesn’t know how to invest

As a result of years of deprivation and destruction of Iraqi citizens since the 1990s made him after the regime change in (2003) compensates that eluded him in especially after high standard of living through increased staff salaries and retirees as generated by the case of waste and drainage for money to buy unnecessary things of life and not think about how to invest the funds collected in small or medium-sized projects will benefit him first and promote national economy.

This noted economists and lawmakers privately (for news News Agency), stressing that the national economy is one of the strongest economies of the region to its large reserves of natural resources may lurk under the ground either oil or gas or sulphur and other. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off

merge with some strong serving to attract global investments…

Expert: small banks to merge with some strong serving to attract global investments

investmentsBaghdad (News) … Suggested Economist Manaf Al Sayegh, merge small banks with little capital to form strong banks with large capital in order to attract foreign investments to the country.

He said Sayegh (News Agency for children) on Wednesday: that banks with large capital attracts global investments and make the Iraqi banking sector strong and up to date with the global banking sector and contribute to the development of investment in the country. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off

Iraqi GDP to rise over 33% in the coming years..

Iraqi GDP to rise over 33% in the coming years…

IraqiAccording to the Reuters news agency that is expected to grow Iraqi GDP  by 33% over the next three years.

The agency reported in its publication and seen by / Baghdadiya News / word to the appearance of Mohammed Saleh, deputy governor of the central bank “that the annual rate of increase would be 10% over the next three years through increased oil revenues.” Adding “not for oil, in my opinion, the GDP will not exceed 4.5 percent, but the oil sector accounts for 60% of the Iraqi economy.” Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off

Iraq sees annual 10 percent GDP growth over next 3 years:

Iraq sees annual 10 percent GDP growth over next 3 years: central bank

Iraq gross domestic product is expected to grow at an average rate of about 10 percent per year over the next three years, driven by increased oil revenues, a senior central bank official said on Monday.

The OPEC member has the world’s fourth-largest oil reserves and is producing more than 3 million barrels per day (bpd) for the first time in three decades. It has ambitions to double its oil production over the next three years. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off

Trade: tariff will apply before the adoption of the electronic system

Trade: tariff will apply before the adoption of the electronic system

Trade Minister that tariff law new will not be applied before the adoption of the electronic system at the border crossings of the country.

said Khairallah Hassan that “tariff law passed by the Iraqi parliament in 2008, was scheduled to be applied on the first of June in the country’s border crossings with neighboring countries, including border crossings located in the province of Kurdistan, is that law enforcement will not be before the adoption of the electronic system in those crossings. “ Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged , , | Comments Off

in Iraq naturally and is consistent with the reality of the economy…

Specialists: rising inflation in Iraq naturally and is consistent with the reality of the economy

Baghdad August 29 / August (Rn) – counting specialists rise in inflation levels naturally and in harmony with the reality of the Iraqi economy and imbalances afflicting, confirming the possibility of control despite the presence of substantial reasons behind this slight increase.

played down the deputy governor of the Central Bank of Iraq the appearance Mohammed Saleh importance of slight rise witnessed levels of inflation during the past few months, considering the increases in prices naturally decreasing, not increasing. Continue reading »

Posted in Central Bank or Iraq, Economic News | Tagged | Comments Off
« Older
Newer »
©Copyright 2013,2014, Iraqi Dinar Facts, All Rights Reserved. All emails and correspondence sent to Iraq Dinar Facts become the exclusive property of Iraq Dinar Facts. By reading this, you agree to all of the following: You understand this to be an expression of opinions and entertainment and not professional advice. You are solely responsible for the use of any content and hold Iraq Dinar Facts and all members and affiliates harmless in any event or claim.