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mike alfred

Iraq's Current Economic Growth And The Role of CBI - 0 views

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    CBI, also known as Central bank of Iraq is the main bank of Iraq. The Bank is busy in making progress for country. It makes several plans including taking care of currency, economy, oil production, and growth of other industries, etc. However, making progress in present condition is not an easy task to carry out. For this reason, Iraq is facing several challenges towards its journey to complete success.
mike alfred

CBI Auction Sales Down Again - 0 views

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    Iraqi Dinar 123 News :- It was reported that the CBI auction sales went down to 236 million dollars. It went down in comparison to the previous days auction price which was 237 million 698 000 dollars on Monday.
mike alfred

Some Factions Striving Hard to Control CBI - 0 views

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    Some authentic sources say that some active factions are thinking to control central bank of Iraq and want to draw hands of Yasiri from CBI. The relationship between central bank of Iraq and the government of Iraq are not going well for the last couple of years. The ineffective monetary policies of CBI for dollar auction sales remained under severe criticism by parliamentary finance committee of Iraq.
mike alfred

WB Calls on Government to Change CBI Policy - 0 views

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    The CBI is going to change the monetary policy of the country according to ongoing circumstances of Iraq. What are the changes that central bank of Iraq want to make in the country is not clear and stated publicly. One of the CBI official told that these changes will be according to present economic conditions of the country and will be launched after approval of World Bank and IMF.
mike alfred

CBI Dollar Sales Go Up Again - 0 views

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    As per the Press reports; the sales of the CBI dollar went up to 172.713 million dollars. The auction was done on Thursday in such a way that the sale and purchase of the foreign currencies was stable at the dinar rate of 1166 against the dollar.
mike alfred

CBI Policies and Its Impact on Dinar Exchange Rate - 0 views

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    Iraqi Dinar 123 News:- It was seen that the Central Bank of Iraq asked for the management of the dinar exchange rate to be managed according to the price given out by CBI. It is very important for all the private banks to follow the instructions given out by the Central Bank.
mike alfred

CBI Introduced Better Payment System in Iraq - 0 views

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    Iraqi Dinar 123 News:- Central Bank of Iraq is struggling hard to bring foreign investors in the country. With the every passing day CBI along with Finance Ministry of Iraq is trying to modernize the banking system to comfort the foreign companies willing to operate in the country but feeling threats from security situation of Iraq.
mike alfred

Increase in CBI Sales - 0 views

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    During the auction on Monday the CBI saw the sale in the dollar go up. It went more than 251 million dollars where it was 178.513 million dollars on Sunday. The bank gave a statement that this was the auction rate while the exchange rate remained at 1166 dinars. There were 15 banks taking part in the auction.
mike alfred

CBI Sales Rise in this week - 0 views

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    Iraqi Dinar 123 News:- It was seen that the CBI has increased sales for the beginning of September for the sake of selling 187 million dollars which would help in the economy of Iraq. The sales of dollar have increased and it is a great thing for the country.
mike alfred

Sales Go Up With CBI Auction - 0 views

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    During the auction session of the Central Bank on Monday; the foreign currency sales were sold on a record sale of 101.354 million dollars in comparison to the previous record of 94.41 million dollars. This was done at an exchange rate of 1166 dinars per dollar. With a good exchange rate everything is feasible not just for the economy of Iraq but also for the CBI.
mike alfred

CBI Introduces New Banknotes - 0 views

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    The CBI introduced a new currency note in the form of 10000 dinars. This was supposed to have a new security added to it so that its circulation is done safely, without any kind of duplication. It was reported that the new note would have the image of the freedom Monument in Baghdad.
mike alfred

CBI Signs Contract With Global Coins Maker - 0 views

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    The central bank of Iraq announced on Wednesday about the contract it signed with an international company to manufacture the gold ingot. The international coin manufacturing company will manufacture the gold coins that will be sold to the general public in the country.
mike alfred

CBI Adds New Icons in Iraqi Currency Notes to Help Blinds - 0 views

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    Central Bank of Iraq is continuingly introducing new methods to protect currency from forgery and counterfeited issues to stabilize the Iraqi dinar at local and international market. Recently, central bank of Iraq introduced two codes for two currency notes 250 and 500.
mike alfred

Is the CBI on the Right Track? - 0 views

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    The positive economic changes in the value of dinar in global money market show that the policies of central bank of Iraq are going towards right direction. The common Iraqi accepts the economic improvement in the country along with experts all over the world.
mike alfred

Transfer Companies Entry in CBI Auction Can Trigger Dollar Smuggling - 0 views

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    Experts: Transfer Companies Entry in CBI Auction Can Trigger Dollar Smuggling Central bank of Iraq signed a contract with money exchanger companies to take part in the auction sales at central bank of Iraq. The purpose is to expand the auction of dollars at central bank.
mike alfred

CBI Invites JP Morgan to Open a Branch in Iraq - 0 views

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    The central bank of Iraq is aim to attract different foreign banks to open their branches in Iraq. The foreign investment will increase in Iraq if CBI succeeded in attracting large number of foreign banks in the country. Central bank of Iraq is taking radical steps to increase investment opportunities in Iraq.
mike alfred

We Can Support Our Currency: CBI - 0 views

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    Iraqi Dinar 123 News: While addressing in FATF, the governor of the central bank of Iraq Turky, said that despite of the present unrest condition in Iraq, the central bank of Iraq has enough reserves to support its country and its currency at local and international market.
mike alfred

The Trusteeship of CBI Lifts Capital by 150 Billion Dinar - 0 views

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    The economic bank of Iraq could not fulfill the financial obligations with the other international and local companies the minimized the trust of the people and international companies over banking sector of Iraq. Central bank of Iraq received many of the complaints against economy bank of Iraq.
mike alfred

CBI Warned Against Dealing With Basra International Bank - 0 views

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    After taking economy bank of Iraq under the trusteeship, the central bank of Iraq warned its citizens to deal with Basra International Bank. Due to failure of many financial obligations, the central bank of Iraq decided to take Basra International Bank under the trusteeship. Therefore all the financial operations are suspended until the things gets normal.
mike alfred

CBI Has Enough Reserves to Remedy The Crisis - 0 views

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    Iraqi Dinar 123 News:- With the view point in the perspective of recent law and order situation of Iraq, the experts and economists wanted to know how central bank can survive in the recent situation.
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