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mike alfred

Trade in Local Currency Will Enhance The Economy of Iraq - 0 views

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    Iraqi Dinar 123 News:- The experts suggested government of Iraq to trade in the local currency instead of US dollars or in any other currency of the world. The adoption of local currency in the commercial transactions will enhance the economy of Iraq. Last year Iraq and India were agreed on the trade with local currencies.
mike alfred

Enhance The Value of The Local Currency Transactions - 0 views

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    Said financial expert Ali Fukaiki importance of adopting measures trade in local currencies across the border for its role in facilitating the smooth flow of traffic of goods and goods across international countries that adopt this process. He added that cross-border trade in local currencies in vogue among the countries of the world, pointing to the importance of activating the measures adopted in the present time in the trade of the country.
mike alfred

New Banking Reforms bring Business in Iraq: CBI - 0 views

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    Iraqi Dinar 123 News:- Central bank of Iraq is introducing new banking reforms to support local and international trade. These reforms are expected to bring positive change in the behavior of foreign companies for Iraq and its local companies. Central bank of Iraq under the supervision of governor Salman introduced new payment method for local and international companies operating in Iraq.
mike alfred

State Department Must Adopt Local Currency Than USD - 0 views

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    Iraqi Dinar 123 News:- Member Bloc Independent MP Mohammed al-Shammari states that global economy creating crucial situation for every country but we are making some national schemes for the betterment of Iraqi economy. Increase in oil exports by some countries which trying to reduce oil prices in international market also impact these countries' economies.
mike alfred

Reorganizing Banking Structure to Help Iraq's Economy - 0 views

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    Iraqi Dinar 123 News:- Government economists said, reorganizing the banking structure in Iraq will helpful for global and local development. Reorganization in banking sector encourages foreign and local investor and also getting positive approach for Iraqi people. Financial institution reforms gets better improvement in Iraqi economy and also take a part for global economic development.
mike alfred

Central bank to take measures intended to hit the local currency - 0 views

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    MP Aziz Shareef al-Mayahi said that The central bank's decision requiring the banks to deposit all their money in the Central Bank as a condition for entry into the auction to buy the currency, began its results reflected clearly on the rise in the dollar exchange rate suspiciously.
mike alfred

The Association of private banks are coordinating with the Central Bank of Iraq - 0 views

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    Head of the Association of private banks in Iraq Wadi Nuri Monday, launching an extended workshop for civil and private banks in coordination with the Central Bank to discuss the latest Iraqi dinar exchange rate against the u.s. dollar in the local market.
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

Gold Prices Decrease to Cast a Negative Impact on Dinar Value - 0 views

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    Experts: Gold Prices Decrease to Cast a Negative Impact on Dinar Value Central bank of Iraq purchased 36 tons of gold last month to stabilize the value of dinar in the local and international market. The bank is planning to buy more gold in the near future that will further help central bank to control the value of dinar and stabilize it in the market.
mike alfred

Iraqi Banks Need To Keep The Pace With Modern Technology - 0 views

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    The experts believe that the banking sector of Iraq is not complying with the international standards and it is one of the biggest obstacles in the development of the country. The foreign companies operating in Iraq often complain for the inadequate services provided by the local banks.
mike alfred

Iraqi Stock Market Shows Optimistic Signs - 0 views

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    Despite the poor law and order situation in different major cities of Iraq, the Iraq stock exchange showed a great move in the trading in the last two days. The head of Security Commission said that the necessary measures have been taken to control any emergency situation in the country and in the stock exchange to protect the investments of local and foreign companies in the country.
mike alfred

The Central Bank of Iraq Imposed Trusteeship on Economy Bank of Iraq - 0 views

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    Central bank of Iraq is trying to build its trust among foreign companies, foreign investors and local traders for the successful financial operations. Now central bank of Iraq is responsible for the failure of economy bank in the financial operations. Central bank of Iraq formed a committee of three members to complete the process of Trusteeship and report it in the next few days.
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

Increase in Financial Deposits in Iraqi Banks - 0 views

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    After purchase of 36 tons of gold, the worth of dinar increased in local market of Iraq. That's why the deposits in government and private bank are increasing with the every passing day. The private association executive director Abdul Aziz al Hasoon told that the volume of cash deposited has grown this year to about 70 trillion Iraqi dinars.
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

Private Banks And Their Role in The Economic Development - 0 views

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    The aim to stabilize the currency of Iraq, the central bank of Iraq allowed money exchange companies to open bank accounts in Iraqi dinar and US dollar directly in central bank. The purpose of these accounts to expand the sales of US dollars and other foreign currencies so that dinar could be stabilized in the country. More than 34 local and international companies instantly accepted the offer of central bank for opening accounts.
mike alfred

CBI Allows Financial Companies to Open Bank Accounts in USD And IQD - 0 views

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    With the aim to stabilize the currency of Iraq, the central bank of Iraq allowed money exchange companies to open bank accounts in Iraqi dinar and US dollar directly in central bank. The purpose of these accounts to expand the sales of US dollars and other foreign currencies so that dinar could be stabilized in the country. More than 34 local and international companies instantly accepted the offer of central bank for opening accounts.
mike alfred

Three Men Arrested Over $23M Currency Scam - 0 views

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    The hearing of biggest fraud in the currency of Iraqi dinar has started in United States of America today. The three American fooled his fellow Americans by investing $23 million in the Iraqi dinar. The investors were attracted by Trio by the false statement for revaluation of Iraqi dinar. Some sources say that these investors were attracted by the statement of Noor Al Maliki that he gave on local T.V about revaluation of Iraqi dinar by the 30th of April.
mike alfred

ISX Conference to be Held on May 14th And 15th - 0 views

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    The Iraq stock exchange conference is going to hold in Erbil 14th May 2014. Iraq will discuss the financial matters of Iraq and international market on the basis of newly established Iraq stock exchange. Iraq stock exchange is operating with thirty listed join stock companies and trying to enhance the scope of the stock exchange locally and internationally.
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