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mike alfred

Expectations of Dinar Revaluation - 0 views

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    The central bank of Iraq surprised the whole world with the recent trade of gold. The gold reserves of Iraq have doubled now after this purchase of 36 tons of gold. The recent gold reserves of Iraq are 63 tons after addition of 36 tons in the total gold reserves of Iraq.
mike alfred

Banking Sector of Iraq Will Be More Effective - 0 views

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    Central bank of Iraq introduced some new rules for the improvement of banking sector of Iraq. Now local and international companies can claim its loss with the central bank of Iraq in the case of failure of commercial banks in the performance of contract. According to guardianship rule, central bank of Iraq is responsible for any negligence on the part of commercial banks in any of the contract with foreign companies.
mike alfred

Role of the Central Bank of Iraq for Stabilization of the Iraqi Dinar - 0 views

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    The Central Bank of Iraq is finding notable measures to control the inflation in the country and also to stabilize the currency of Iraq. Iraqi currency is charming for investors. The currency of Iraq has been in the headlines in the business world for a number of years for its chances to regain the value.
mike alfred

Impact of Poor Law And Order Situation at The Economy of Iraq - 0 views

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    The crude oil is the backbone of the economy of Iraq. More than 90% of Iraq economy is depended on the production and export of crude oil in the international market. Unfortunately, Iraq could not balance between oil and non oil sector of Iraq. Now the attacks on major cities of Iraq destroyed the oil industry of Iraq badly and the oil production and export of Iraq is almost half in the international market.
mike alfred

The Guardianship of The Central Bank Will Enhance Investment - 0 views

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    Central bank of Iraq is always busy in the betterment of the banking sector of Iraq. Every day the new positive things are seen in the central bank for the envelopment of banking sector and also the economy of Iraq. Central bank of Iraq took economy bank of Iraq in its guardianship for the investment point of view.
mike alfred

The Recent Gold Purchase, Iraqi Dinar RV and the Dream of Stable Economy - 0 views

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    The central bank of Iraq purchased 36 tons of the gold ingot in the month of April 2014 to increase the gold reserves of the country and ultimately to enhance the value of Iraqi dinar in local and international market. this purchase increased the gold reserves of Iraq by 90 tons in 2014. The purchase of this huge quantity surprised economists all over the world.
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

The Sales of Dollar is One Third of Iraq Budget: CBI - 0 views

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    The governor of central bank of Iraq about Stabilization of Iraqi Dinar in the international market is looking true after looking the increase in the sales of US dollar at the auction of central bank of Iraq. According to the report prepared by intelligence authorities, the sales of dollar are equal to the one third of the total Iraq budget.
mike alfred

The Benefit From The Past 10 Years of Economic Growth of Iraq - 0 views

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    The historic review of per capita income of Iraq shows the relations of Iraqi economy with fluctuations in the oil prices. Let's start from 1980, when oil crisis lead to the higher oil prices, which result in rise the per capita income of Iraqis which was $3453 as per the records of world bank.
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

Iraq Requested United States For Air Strikes on Sunni Militants - 0 views

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    The government of Iraq requested United States of America for air strikes on Sunni Militants marching towards Baghdad. Noor Al Maliki said that these militants are big threat for America and Europe; therefore it is in favor of US to attack these militants. Noor Al Maliki is disappointed with the latest news from all over the country of the control of Islamic Militants over numbers of important cities of Iraq, including one of biggest oil refinery of Iraq in Baiji.
mike alfred

Iraqi Dinar Deletion of Zeros is Suitable For Economic Stability - 0 views

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    Abdel Basat Turki the governor of central bank of Iraq said that it will not be possible for central bank of Iraq to delete the zeroes from currency of Iraq unless the economic development of Iraq. He said that country is not in a position to take this decision without a stable economy. He denied the statement of Maliki for revaluation before election 2014.
mike alfred

Law to Distribute Oil Revenues to Citizens of Kurdistan - 0 views

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    A draft prepared by ministry of oil and natural resources of Kurdistan regional government for the distribution of oil revenue among people of Kurdistan. There are many of suggestions are given in this regard for the distribution of resources but important one was to keep the share of new born Kurdish in the bank account of every citizen.
mike alfred

Is The Maliki Next Prime Minister of Iraq - 0 views

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    According to some people the law and order situation of Iraq is worst in Iraq and it is continuously going towards crisis. The turnover of the votes in the present Iraqi election was more than any other election in Iraq that shows the sincerity of Iraqi people with election and with its results. Despite of worst law and order situation of Iraq and many unwanted events, the people of Iraq came out of their home to cast their vote for the expected change in the country.
mike alfred

Everyone Expecting RV Soon - 0 views

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    The discussion of Iraqi dinar is at peak these days due to several big changes in the economy of Iraq at local and international level. One of the biggest changes that we observe in the economy of Iraq is the membership of council of 17 that allowed Iraq to trade in the biggest market of the world. We are all waiting for the development of the economy of Iraq.
mike alfred

Finance Bank to Carry Banking Activities Under CBI Terms - 0 views

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    Iraqi Dinar 123 News:- Central Bank of Iraq takes Bank of Economy of Iraq under its guardianship after receiving several complaints about the performance of bank of economy. Bank of economy committed breach of contract with several foreign and local companies that negatively impacted the overall goodwill of Iraq and its banking system.
mike alfred

World Bank lends 355 million dollars to Iraq - 0 views

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    The World Bank signed an agreement on a loan of 355 million dollars to develop the dry canal project and finance the construction of the road network of domestic and international presence of the Minister of Finance Agency purity of net debt and the Minister of Construction and Housing Mohammad Darraji and World Bank representative Fred bin Haj and a group of Commission services and reconstruction in Iraq's parliament.
mike alfred

Iraq Has 90 Trillion Dinar as Financial Reserves - 0 views

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    At the end of February 2014, the total size of hard currency reserve is equivalent of ninety trillion Iraqi dinars as announced by Central Bank of Iraq. Central bank of Iraq is not fully satisfied with these ninety trillion reserves. According to central bank, the reserves need to be over 100 trillion because of increased volume of trade in private sector of Iraq.
mike alfred

CBI (Central bank of Iraq) Recent Purchase of Gold - 0 views

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    The Central Bank of Iraq has recently purchased the heavy amount of gold. It is about 36 tons of gold purchased by the CBI in the previous month. The central bank is always making plans to stable the country's position and the value of its currency. Time by time, it is making different plans and implement on that. It is a big step to invest in heavy amount of gold.
mike alfred

Iraq Market Economy And Increasing Role of Its Government - 0 views

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    The role of the Iraq government is increasing or decreasing in the economy of Iraq is not clear and has two different opinions. Some economists believe that the role of central bank s increasing in the economy of Iraq and some believe it is not. Being independent body, the central bank of Iraq is responsible for all the economic policies of Iraq.
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