Central Bank refuses to delete the zeros of the Iraqi currency at the moment

  • Agency eighth day
  • February 21, 2015, 10:55


BAGHDAD – ((eighth day))
As economists said earlier that the deletion of zeros from the currency is a restructuring of the coin, and to alleviate the digital accounts burden treasurers, and alleviate the burden of accountants with that procedure is not appropriate now to the lack of security and economic stability in the country,

announced in the parliamentary finance committee member Central Bank kept the deletion of zeros from the Iraqi currency, pointing out that "the central bank reservations on this subject a little bit.


He said a member of the Finance Committee, Masood Haider, said that "the process of deleting the zeros need to be in-depth study, because they have a large impact on the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general."

And added that "the cost associated with the process of removing the zeros and the type of currency that can be printed and displayed in the market and the process of withdrawal,

all the things you need to take some time and must conduct a study Bbashon deletion of zeros from the currency, by the legislative and executive branches and with the participation of specialists Iraqis in the Board of the currency and the economy."

http://8th-day.com/?p=96716

Central Bank refuses to delete the zeros of the Iraqi currency at the moment

  • Agency eighth day
  • February 21, 2015, 10:55


BAGHDAD – ((eighth day))
As economists said earlier that the deletion of zeros from the currency is a restructuring of the coin, and to alleviate the digital accounts burden treasurers, and alleviate the burden of accountants with that procedure is not appropriate now to the lack of security and economic stability in the country,

announced in the parliamentary finance committee member Central Bank kept the deletion of zeros from the Iraqi currency, pointing out that "the central bank reservations on this subject a little bit.


He said a member of the Finance Committee, Masood Haider, said that "the process of deleting the zeros need to be in-depth study, because they have a large impact on the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general."

And added that "the cost associated with the process of removing the zeros and the type of currency that can be printed and displayed in the market and the process of withdrawal,

all the things you need to take some time and must conduct a study Bbashon deletion of zeros from the currency, by the legislative and executive branches and with the participation of specialists Iraqis in the Board of the currency and the economy."

http://8th-day.com/?p=96716

Central Bank refuses to delete the zeros of the Iraqi currency at the moment

  • Agency eighth day
  • February 21, 2015, 10:55


BAGHDAD – ((eighth day))
As economists said earlier that the deletion of zeros from the currency is a restructuring of the coin, and to alleviate the digital accounts burden treasurers, and alleviate the burden of accountants with that procedure is not appropriate now to the lack of security and economic stability in the country,

announced in the parliamentary finance committee member Central Bank kept the deletion of zeros from the Iraqi currency, pointing out that "the central bank reservations on this subject a little bit.


He said a member of the Finance Committee, Masood Haider, said that "the process of deleting the zeros need to be in-depth study, because they have a large impact on the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general."

And added that "the cost associated with the process of removing the zeros and the type of currency that can be printed and displayed in the market and the process of withdrawal,

all the things you need to take some time and must conduct a study Bbashon deletion of zeros from the currency, by the legislative and executive branches and with the participation of specialists Iraqis in the Board of the currency and the economy."

http://8th-day.com/?p=96716

Central Bank: the need to improve the investment environment










2/18/2015 0:00

Baghdad Tariq al-Araji
Governor of the Central Bank on the Keywords declared desire for foreign investment companies to enter the Iraqi market, at the time stressed the need to facilitate the administrative and legal proceedings and the adoption of the single window to encourage investment in the country, being a real breakthrough for the revival of the Iraqi economy.


He Keywords in a statement singled out the "morning" that Iraq has a large and very important investment opportunities, which requires work to find a suitable environment to enter the investment opportunities in the country, especially with the presence of a large thirst for her,

confirming the presence of Iqbal and anticipation by major investors to enter Alaracah.wachar market to the need for specialists stakeholders that works to improve the legal, political and administrative environment and to facilitate the procedures with all our strength to be able to bring these investments they represent the foundation upon which the Iraqi economy in the real inception.

He Keywords that investment is the basis of economic advancement and this is proven by far lower prices Oil a solid foundation for real investment contributes to the creation of real jobs, stressing the importance of reviewing all the subject of investment to dump the environment of the obstacles and the problems, whether legal or regulatory or administrative.

He also noted that Iraq needs a reformist revolution in the regulatory and administrative frameworks, including abbreviated lot of steps and stimulates investment through a single window that has not yet implemented the adoption.

http://www.alsabaah.iq/ArticleShow.aspx?ID=87075

Central Bank: the need to improve the investment environment










2/18/2015 0:00

Baghdad Tariq al-Araji
Governor of the Central Bank on the Keywords declared desire for foreign investment companies to enter the Iraqi market, at the time stressed the need to facilitate the administrative and legal proceedings and the adoption of the single window to encourage investment in the country, being a real breakthrough for the revival of the Iraqi economy.


He Keywords in a statement singled out the "morning" that Iraq has a large and very important investment opportunities, which requires work to find a suitable environment to enter the investment opportunities in the country, especially with the presence of a large thirst for her,

confirming the presence of Iqbal and anticipation by major investors to enter Alaracah.wachar market to the need for specialists stakeholders that works to improve the legal, political and administrative environment and to facilitate the procedures with all our strength to be able to bring these investments they represent the foundation upon which the Iraqi economy in the real inception.

He Keywords that investment is the basis of economic advancement and this is proven by far lower prices Oil a solid foundation for real investment contributes to the creation of real jobs, stressing the importance of reviewing all the subject of investment to dump the environment of the obstacles and the problems, whether legal or regulatory or administrative.

He also noted that Iraq needs a reformist revolution in the regulatory and administrative frameworks, including abbreviated lot of steps and stimulates investment through a single window that has not yet implemented the adoption.

http://www.alsabaah.iq/ArticleShow.aspx?ID=87075

Central Bank: the need to improve the investment environment










2/18/2015 0:00

Baghdad Tariq al-Araji
Governor of the Central Bank on the Keywords declared desire for foreign investment companies to enter the Iraqi market, at the time stressed the need to facilitate the administrative and legal proceedings and the adoption of the single window to encourage investment in the country, being a real breakthrough for the revival of the Iraqi economy.


He Keywords in a statement singled out the "morning" that Iraq has a large and very important investment opportunities, which requires work to find a suitable environment to enter the investment opportunities in the country, especially with the presence of a large thirst for her,

confirming the presence of Iqbal and anticipation by major investors to enter Alaracah.wachar market to the need for specialists stakeholders that works to improve the legal, political and administrative environment and to facilitate the procedures with all our strength to be able to bring these investments they represent the foundation upon which the Iraqi economy in the real inception.

He Keywords that investment is the basis of economic advancement and this is proven by far lower prices Oil a solid foundation for real investment contributes to the creation of real jobs, stressing the importance of reviewing all the subject of investment to dump the environment of the obstacles and the problems, whether legal or regulatory or administrative.

He also noted that Iraq needs a reformist revolution in the regulatory and administrative frameworks, including abbreviated lot of steps and stimulates investment through a single window that has not yet implemented the adoption.

http://www.alsabaah.iq/ArticleShow.aspx?ID=87075

Central Bank: the need to improve the investment environment










2/18/2015 0:00

Baghdad Tariq al-Araji
Governor of the Central Bank on the Keywords declared desire for foreign investment companies to enter the Iraqi market, at the time stressed the need to facilitate the administrative and legal proceedings and the adoption of the single window to encourage investment in the country, being a real breakthrough for the revival of the Iraqi economy.


He Keywords in a statement singled out the "morning" that Iraq has a large and very important investment opportunities, which requires work to find a suitable environment to enter the investment opportunities in the country, especially with the presence of a large thirst for her,

confirming the presence of Iqbal and anticipation by major investors to enter Alaracah.wachar market to the need for specialists stakeholders that works to improve the legal, political and administrative environment and to facilitate the procedures with all our strength to be able to bring these investments they represent the foundation upon which the Iraqi economy in the real inception.

He Keywords that investment is the basis of economic advancement and this is proven by far lower prices Oil a solid foundation for real investment contributes to the creation of real jobs, stressing the importance of reviewing all the subject of investment to dump the environment of the obstacles and the problems, whether legal or regulatory or administrative.

He also noted that Iraq needs a reformist revolution in the regulatory and administrative frameworks, including abbreviated lot of steps and stimulates investment through a single window that has not yet implemented the adoption.

http://www.alsabaah.iq/ArticleShow.aspx?ID=87075

Central Bank bought gold to be used as a cover for the process of deletion of zeros from currency

2015-02-17



BAGHDAD / JD / .. is heading the Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold, especially after the decline in gold prices in world markets over the past months, in a move it to diversify its reserves, the fact that gold is a store relatively safe for the value of the local currency, where the Council announced International gold buying CBI 48 tonnes of gold during 2014.


A number of experts and specialists in the financial and economic affairs central bank’s move to buy gold as positive the fact that gold is a safe cover for the local currency and maintains its value against foreign currencies especially at a time when the global economy is witnessing a decline in the growth of global markets, gold prices declined.

He says the parliamentary finance committee member Tariq Rashid, that the use of the Iraqi Central Bank to buy large quantities of gold probably will be used as a cover for the new currency, which purports Bank issued and is also used as a cover for the process of deletion of zeros from the Iraqi currency.

He Rashid told / BD /: that the process of buying these large quantities of gold is "a good gesture to the diversification of currencies and not limited balances at the central bank on the dollar only", pointing out that gold is one of the balances guarantor of the Iraqi economy, which contribute to maintaining the value of the dinar Iraqi.

The President of the Economic Information Center Dergham Mohammed Ali said, that buying and selling gold operations by the Central Bank of Iraq is a cyclical process designed to optimize the investment of its reserves and diversify the assets of the guaranteed value.

He said Mohammed Ali told / BD /: that gold is a safe cover of the national currency and acquisitions during the low gold prices in world markets, as well as in the event of instability baskets currency values ​​and the decline in global economies, is a positive step because gold is a store a relatively safe value.

The World Gold Council announced (WGC), said that "the Iraqi Central Bank had bought 48 tons of gold during 2014, bringing the country’s reserves of gold material by three times what it was during the year," adding that "enrich and diversify their reserves away from the dollar The US continues to be the driving force behind this activity."

The Iraqi Central Bank announced, in 2013, on his quest to find a balanced ratio of gold with hard currency reserves, saying that whenever increases the size of the reserve ratio less than the contribution of the other ingredients.


It is noteworthy that the International Monetary Fund confirmed, in 2012, that Iraq had boosted its gold reserves to reach more than 31 tons, noting that Iraq bought 23.9 tons of gold in the month of August of the same year. / End / 8

http://www.dananernews.com/News_Details.php?ID=5549

Central Bank bought gold to be used as a cover for the process of deletion of zeros from currency

2015-02-17



BAGHDAD / JD / .. is heading the Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold, especially after the decline in gold prices in world markets over the past months, in a move it to diversify its reserves, the fact that gold is a store relatively safe for the value of the local currency, where the Council announced International gold buying CBI 48 tonnes of gold during 2014.


A number of experts and specialists in the financial and economic affairs central bank’s move to buy gold as positive the fact that gold is a safe cover for the local currency and maintains its value against foreign currencies especially at a time when the global economy is witnessing a decline in the growth of global markets, gold prices declined.

He says the parliamentary finance committee member Tariq Rashid, that the use of the Iraqi Central Bank to buy large quantities of gold probably will be used as a cover for the new currency, which purports Bank issued and is also used as a cover for the process of deletion of zeros from the Iraqi currency.

He Rashid told / BD /: that the process of buying these large quantities of gold is "a good gesture to the diversification of currencies and not limited balances at the central bank on the dollar only", pointing out that gold is one of the balances guarantor of the Iraqi economy, which contribute to maintaining the value of the dinar Iraqi.

The President of the Economic Information Center Dergham Mohammed Ali said, that buying and selling gold operations by the Central Bank of Iraq is a cyclical process designed to optimize the investment of its reserves and diversify the assets of the guaranteed value.

He said Mohammed Ali told / BD /: that gold is a safe cover of the national currency and acquisitions during the low gold prices in world markets, as well as in the event of instability baskets currency values ​​and the decline in global economies, is a positive step because gold is a store a relatively safe value.

The World Gold Council announced (WGC), said that "the Iraqi Central Bank had bought 48 tons of gold during 2014, bringing the country’s reserves of gold material by three times what it was during the year," adding that "enrich and diversify their reserves away from the dollar The US continues to be the driving force behind this activity."

The Iraqi Central Bank announced, in 2013, on his quest to find a balanced ratio of gold with hard currency reserves, saying that whenever increases the size of the reserve ratio less than the contribution of the other ingredients.


It is noteworthy that the International Monetary Fund confirmed, in 2012, that Iraq had boosted its gold reserves to reach more than 31 tons, noting that Iraq bought 23.9 tons of gold in the month of August of the same year. / End / 8

http://www.dananernews.com/News_Details.php?ID=5549

Central Bank bought gold to be used as a cover for the process of deletion of zeros from currency

2015-02-17



BAGHDAD / JD / .. is heading the Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold, especially after the decline in gold prices in world markets over the past months, in a move it to diversify its reserves, the fact that gold is a store relatively safe for the value of the local currency, where the Council announced International gold buying CBI 48 tonnes of gold during 2014.


A number of experts and specialists in the financial and economic affairs central bank’s move to buy gold as positive the fact that gold is a safe cover for the local currency and maintains its value against foreign currencies especially at a time when the global economy is witnessing a decline in the growth of global markets, gold prices declined.

He says the parliamentary finance committee member Tariq Rashid, that the use of the Iraqi Central Bank to buy large quantities of gold probably will be used as a cover for the new currency, which purports Bank issued and is also used as a cover for the process of deletion of zeros from the Iraqi currency.

He Rashid told / BD /: that the process of buying these large quantities of gold is "a good gesture to the diversification of currencies and not limited balances at the central bank on the dollar only", pointing out that gold is one of the balances guarantor of the Iraqi economy, which contribute to maintaining the value of the dinar Iraqi.

The President of the Economic Information Center Dergham Mohammed Ali said, that buying and selling gold operations by the Central Bank of Iraq is a cyclical process designed to optimize the investment of its reserves and diversify the assets of the guaranteed value.

He said Mohammed Ali told / BD /: that gold is a safe cover of the national currency and acquisitions during the low gold prices in world markets, as well as in the event of instability baskets currency values ​​and the decline in global economies, is a positive step because gold is a store a relatively safe value.

The World Gold Council announced (WGC), said that "the Iraqi Central Bank had bought 48 tons of gold during 2014, bringing the country’s reserves of gold material by three times what it was during the year," adding that "enrich and diversify their reserves away from the dollar The US continues to be the driving force behind this activity."

The Iraqi Central Bank announced, in 2013, on his quest to find a balanced ratio of gold with hard currency reserves, saying that whenever increases the size of the reserve ratio less than the contribution of the other ingredients.


It is noteworthy that the International Monetary Fund confirmed, in 2012, that Iraq had boosted its gold reserves to reach more than 31 tons, noting that Iraq bought 23.9 tons of gold in the month of August of the same year. / End / 8

http://www.dananernews.com/News_Details.php?ID=5549