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mike alfred

Obama Allows to Lift The Immunity of Iraqi Funds - 0 views

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    The President of United States of America, Barack Obama announced good news for Iraq and its economy. The immunity funds freeze as the result of chapter vii sanctions by United Nation, are issued to the Iraq development funds. The united nation has lifted sanctions from immunity funds of Iraq available in the different foreign banks.
mike alfred

Iraq Taking Serious Steps to Protect Its Funds Abroad - 0 views

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    The Central bank of Iraq is facing different fictitious creditors in the different foreign countries. Therefore the central bank of Iraq took swift action and distributed its funds in the different foreign banks to avoid these false creditors. This will help central bank to protect its funds abroad.
mike alfred

Iraq Taking Necessary Steps to Protect its Foreign Funds - 0 views

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    Iraqi Dinar 123 News:- The breach of the contract after completion between Iraq and United States of America for the protection of Iraq foreign funds raised many technical and security questions about these foreign funds. Iraq does not want to renew the contract with United States and people are considering it as sensitive issue.
mike alfred

International Monetary Fund objection on the Iraqi budget 2014 - 0 views

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    The increasing deficit of the general federal budget to more than 35 billion dollars will play objection large and categorical rejection by the International Monetary Fund and the World Bank, because it will lead to problems of economic and financial in the country and perhaps affect the market becomes faulty and conflicts between fiscal and monetary policy of the country.
mike alfred

Are Iraqi Funds Safe in US And Abroad? - 0 views

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    The frozen assets of Iraq in the foreign banks are under discussion for couple of months, especially after Chapter VII of United Nation. These frozen assets are $82 Billion and were freeze due to invasion of Kuwait by Iraq in 1990. People are not sure about these funds and most of them are consider as barren amount that will not be released to Iraq.
mike alfred

Iraq Will Control Its Money Available in The Foreign Banks - 0 views

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    Last night the President of United States of America, Barack Obama announced in the press release that United States of America will issue these immunity funds into development fund for Iraq. it shows that Iraq is going to get control over its foreign funds available in the different foreign banks, especially in United States of America.
mike alfred

Govt Invites Public to Invest in Frozen Funds - 0 views

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    The frozen assets of Iraq are under discussion by government officials and economists in Iraq. The government of Iraq is waiting for these assets to fulfill the deficiency of budget and also to enhance the economic stability in the country. Economists believe that Iraqi cash reserves will be double after adding these $82 billion.
mike alfred

Iraq Won't Seek Renewal of US Protection to its Funds - 0 views

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    Many other security companies from different countries of the world wished to win this contract in the last two months. But Iraq was willing to renew this contract with United States Of America Company. One of the finance committee member informed that the contract is almost in the final stages for approval. Suddenly the news for cancellation of contract between Baghdad and Washington is surprising as the contract was almost approved by Iraq parliament.
mike alfred

Iraq Approaches UN For One Billion Dollars Receivable Dues - 0 views

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    After the release from chapter vii, Iraq is looking to collect Iraqi dinar and receivables from different countries of the world that were frozen after invasion of Kuwait by Iraq in 1990. These funds were freeze in the different countries of the world as a result of sanctions imposed by United Nation on Iraq.
mike alfred

All The Sanctions Are Lifted From Iraq - 0 views

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    The assets of central bank of Iraq are now no longer under the control of United Sates of America, after lifting all the sanction of chapter vii and other acts of UNO. The Office of Foreign Assets Control (OFAC) announced yesterday that the Iraqi funds are now under the direct control of government of Iraq and available for use.
mike alfred

Law And Order & Delay in Budget Can Destroy Economy of Iraq - 0 views

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    There are numbers of companies that are operating on different projects in the country. These projects require funds on frequent basis and some of them require these funds on daily basis. Delay in annual budget seriously damaged these projects in Iraq. Foreign companies are running these projects in the country that are not satisfied with unnecessary delay of the budget.
mike alfred

Iraq GDP Growth is Higher Than Other Gulf Countries - 0 views

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    The report issued by International Monetary Fund shows that the GDP of Iraq is higher than all other Middle East countries now. According to IMF Qatar and Iraq are going well and can be considered as competitors in 2015, with the growth rate of 7.1% and 6.7%. With the 4.4% growth rate, the United Arab Emirate is at number three leaving behind Algeria at fourth position.
mike alfred

2014-15 Budget to be Merged - 0 views

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    The spokesman at central bank of Iraq told Iraqi News 123 that we are not in a position to delay Iraq budget 2014 for more couple of days because along with domestic needs, the international companies operating in Iraq also need funds for the continuity of their operations in the country.
mike alfred

CBI, IMF and WB Meeting and Its Impact on RV - 0 views

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    We have seen few sudden changes in the economy of Iraq after the meeting between central bank of Iraq, International Monetary Fund and World Bank. The central bank of Iraq decided to reprint the notes of different denomination, decided to purchase more gold to increase the value of dinar in the local and international market and then invited different money exchange companies to sell dollars in the auction of central bank.
mike alfred

Foreign Companies to be Provided Complete Protection - 0 views

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    The adviser of Prime Minister Noor Al Maliki said that they are taking security measures to protect the foreign companies and their officials in the country. The adviser ensured the security of their funds and projects in the country while talking with an international news agency.
mike alfred

Expectations to Meeting Between PM Maliki And Iranian President - 0 views

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    Along with President of China Iraq Prime Minister will also meet with the Iranian President to discuss the conflict of government with the Kurdistan. The arbitration offer made by United States of America will be under discussion between both of the leaders. Iran does not want United States of America to play any role to resolve this issue between government and Kurdistan.
mike alfred

Low Oil Prices and Iraq's Economic Problems - 0 views

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    Iraqi Dinar 123 News:- According to Iraqi finance minister: Iraq is facing many financial hardships in these days because of low oil prices in the international market are affecting Iraq exports revenue In this situation, major role of government departments of Iraq which are using Iraqi funds and increase their expenses.
mike alfred

Low Oil Prices Have Made Economic Stability Dream Difficult - 0 views

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    International Monetary Fund discussed the falling trend towards oil prices, Along with this Mohammed Jawad accept finance minister Hoshyar Zebari, Political, economic, and Security plans to organize the programs in the coming days and especially 2015 budget.
mike alfred

Basic Emphasis on Exports of Oil Taxes - 0 views

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    It was stated that the economists have stressed upon collecting money in the form of taxes from the people. This is being done to lay less emphasis on the oil sales which may suffer due to the present conditions of the country. the Parliament and the Economic committee knows that the collection of funds by the government would help in collecting better revenue which has been sides by the Ministry of Finance and Planning.
mike alfred

The Experts Criticize Parliament For Not Taking Interest in Budget - 0 views

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    The senior economist of Iraq Said Khayat criticized the members of parliament for not approving annual budget of Iraq. He said most of the people in Iraq are suffering from different problems due to delay in annual budget but parliament is silent on this big issue. He said international companies operating in Iraq need funds to keep their business operations live.
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