Economist: Central Bank’s lack of confidence leads to the fluctuation of the exchange rate of the dinar against foreign currency
04:59:18 / 07/2013

Khandan – Zia Caliph warned Majid picture, an economist specializing in monetary policy and the development of the continued fluctuation of the Iraqi dinar against foreign currency Ntihh mistrust policies of the Central Bank of Iraq and the worsening political crisis in the country, as called for retrieval of trust between the banking sector and public sector.

said Suri said in a statement singled out by the reporter, "Khandan", said: "banker Rasheed and Rafidain government to Aimknhma control of the Iraqi dinar exchange rate against the U.S. dollar for many reasons,"

adding that "the fluctuation of the exchange rate of the local currency is directly related to a lack of confidence and economic shocks suffered by Iraq recently, as well as local market need and private banks to foreign currency.

" and the figurehead that "the decline in rates stabilize the Iraqi dinar lies in the political interference in the political central bank and currency market as well as the political crisis worsening and the control of mafias big in buying and selling the currency of the central bank auction," adding that " are closely related in Iraq between the capital market and political crises and the security situation. "

said Suri that "Iraq is living the political crisis stifling years ago, as well as the central bank is suffering from a lack of confidence in the currency market because of political interference and dismiss Shabibi bank governor and former suspicions of financial corruption raised time ago.

" and called Suri to "revive the confidence between the financial sector and public sectors, which is the only solution to stabilize the market, the local currency in Iraq, as well as go to market mechanisms money modern and opening up more to the private sector."

This has been attributed Finance Committee parliamentary fluctuation Iraqi dinar against the dollar to the influence of intermediaries on the operations of buying and selling the dollar in the central bank auction.

witnessing the exchange rate of the Iraqi dinar against the U.S. dollar fluctuated from time to time by (3-6) degrees.

was the Federal Council of Ministers decided on 16 of the month of October of the last year mandated Abdul Basit Turki for the management of the central bank rather than Shabibi that the Integrity Commission issued an order to arrest him,

in addition to 16 other officials, including Deputy Governor appearance of Mohammed Saleh various charges.

Economic parliamentary: the stability of the exchange rate of the Iraqi dinar responsibility of the Central Bank
Ali Salman – 07/18/2013 – 8:06 p | Hits: 62

Confirmed the for the Committee on the economy and investment the parliamentary the Central Bank of that the ensure the stability of the the price of the Iraqi dinar exchange Front Of other foreign currencies is the responsibility of the Central Bank of the Iraqi.

The central bank has promised to take measures to raise and stabilize the dinar as it was in the past, but the degradation rate of the dinar is still volatile in the Iraqi market to fall and rise.

He said the Commission’s decision Mahma Khalil said in a statement: "The Central Bank is obliged to maintain the exchange rate of the Iraqi dinar and a balance sovereign must be maintained and the feature in the Iraqi economy because of the expected to be the Iraqi dinar identity of the region’s economic, because Iraq is an oasis of economic and which stations promising economy.

"and noted that" the Iraqi dinar exchange rate depends on the political CBI and its mission to maintain the value of the dinar, which was built based on the price of a barrel of oil and the price was against the U.S. dollar thousand and [166] dinars and added him [13] dinars to the commission and became 1199.

He said Khalil said "Price is still volatile and that stabilization is through control of the movement of the dollar and the market may not be a balance of Iraq in 2007 ten billion dollars and exchange rate 1200 and today رصيدنا $ 76 billion and five years later keep the exchange rate itself and this is not permissible is unreasonable. "

The CBI has issued new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies through quotas weekly for banks and money transfer companies will increase and decrease the stake against the commitment of all of them deliver the amounts they want customers from citizens.

Wednesday, July 17, 2013 16:12

Najafi and Turkish: discuss ways to protect Iraqi funds and control of the exchange rate

Baghdad / Baghdadi news / ..

Search House Speaker marker Najafi, "Wednesday" with the central bank governor Abdul Basit Turki ways to protect Iraqi funds after the lifting of U.S. protection by controlling the exchange rate and the importance of activating the judiciary in order to minimize the damage caused by the mistakes of banking policy, as well as to take measures crisis against the banks offense,

Najafi said in a statement received / Albgdadio News / copy of it, that "the onus is alleged upon us in order to keep the exchange rate in order to serve the Iraqi citizen."

He called for the need to hold a meeting with the Committee of indebtedness, economic and BSA to study and discuss the mechanisms used in the treatment of debt issues after the lifting of U.S. protection for Iraqi funds.…IE-AkZHEJ.html

A member of the parliamentary economic calling on the government to reactivate the five-year plan and put the country’s economic vision [Audio]

Thursday, July 18, 2013 08:12

[Baghdad where]
The member of the Committee on the economy, investment and reconstruction Abdul Hussein Alabtan, to the necessity of activating the government five-year plan developed by the Ministry of Planning, in addition to creating a new vision for the Iraqi economy.

The Ministry of Planning has developed a five-year plan for economic development and to be implemented [2013 – 2017] with all ministries and relevant agencies.

The Alabtan told all of Iraq [where] today that "there are a lot of sectors in Iraq dying from the industrial sector, agriculture and tourism, has been pointing this situation and demanded from the government snapped steps more serious, adding that" the economic file in Iraq need to see economic being specific to it and lacks economic plans mature. "

"I am optimistic five-year plan developed by the Ministry of Planning and considered good despite that some people have them, but notes is a roadmap.

The Alabtan called on the government to respond to this five-year plan, which included the industrial sector, adding that "the government did not comply with the previous five-year plans.

He was a member of the Committee on the economy and investment parliamentary Ibrahim stirrup has confirmed that the five-year plan developed by the Ministry of Planning will strengthen the national economy and diversification of financial revenue, and reduce future budgets dependence on oil revenues.

The stirrup, "The Ministry of Planning has prepared five-year plan for economic development [2013 – 2017] and in cooperation with relevant ministries and provincial councils under the supervision of the Economic Commission parliamentary, to diversify state revenues finance and reduce dependence on revenue unilateral derived from oil sales." Over 17. :2013-07-17-13-46-29&catid=37:2011-04-08-17-25-57&Itemid=56

Anger: ministerial meetings and intense mature draft budget 2014

Post 18 July / July 2013 15:16

BAGHDAD / Center Brief for the Iraqi Media Network ( IMN) – The head of the advisers in the government, Thamer Ghadhban, said Thursday that the 2014 budget will be sent to the House of Representatives in mid-October.

Anger said in a statement ( IMN) , "the advisers recommended that the Ministries of Finance and Planning held intensive meetings with ministries and bodies not related to the Ministry to discuss the financial budget for the year 2014."

He continued that "the Ministry of Finance promised that it will present a draft budget to the Council of Ministers in September next year."

He pointed out that "Council of Ministers Satelzm the budget to send a bill in 2014 to the House of Representatives in mid-October next year."

The Ministry of Finance last week to discuss the budget file with the ministries and independent bodies is related to the Ministry confirming that it completed the initial image of next year’s budget

It is noteworthy that the House of Representatives asked the Ministry of Finance earlier to complete the development of the financial budget for the year 2014 and presented to the House of Representatives. 2013-07-18-12-16-36&catid=94&Itemid=602

Sari’s "Awan": the Finance Committee proposes the deletion of zeros next year

Category: Economy Published Date Hits: 2


MP for the National Alliance Faleh applicable, on Thursday, that the deletion of zeros from the currency is to support the Iraqi economy, called on the government to expedite the implementation of the project.
The force in the interview for "Awan",

"The deletion of zeros important topic and strategic must for the government to start with because it is support for the Iraqi economy," noting that "reduce the cluster size large cash circulating in the market will only be through the deletion of zeros."

On the other hand showing MP applicable fears "of fraud at the moment," noting that "the government fears that performs the operation during the year 2013-2014 because it is a transitional period between the Government and the other fear entering large amounts of counterfeit currency into the market during this stage."

Illustrates the effect that "the point of view of the Finance Committee that the process of deletion of zeros after 2014 after the formation of the new government

The return of Iraq’s airspace activity beginning of the recovery of the economy

07/18/2013 12:00 AM

Baghdad – Mostafa Hashemi
promised researcher economic Suhad virgins Back Activity foreign airlines different to Iraq as a step initially in the way of economic recovery of the country.
said Athari told (morning):

The re-opening and intensify Seen offices for the airlines global in Iraq would attracts foreign investors through the activity of airlines between the countries in the world in addition to its contribution in the promotion of economic relations and stimulate action on air transport.

stressed the importance of activating flights at airports scattered in the provinces of Iraq, especially Basra and Arbil what these two provinces of privacy in the exhibitions of various international and promising investment opportunities therein.

indicated virgins to the need to pay attention to the transport sector air because it represents an aspect of the economic aspects of the job, especially that Iraq left the threshold of Chapter VII, making it the country polarized for foreign investment and needs, especially in the field of infrastructure and reconstruction.

explained researcher economic there offices for airlines Arab and global returned to practice its activities again in Baghdad and began its work more than a year by booking on board its flights different destinations, indicating that the number of international airlines which flies from the country amounted to more than twenty Arab airline and universal.

Iraq has recently active air noticeable after interruption and isolation from the outside world, as long as more than twenty years. It is hoped to increase the number of aircraft operating in the fleet of Iraqi Airways to more than 20 aircraft after the entry of two حديثتين service before the end of the year.

was the Registrar of Companies at the Ministry of Commerce announced a record number of airlines the world over the past period.

noted that airline Iraqi Airways is one of the oldest airlines in the Middle East was founded in 1938 and turned into a government institution on January 29 of the year 1946.