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mike alfred

Draft Law on Partnership Between Public And Private Sectors - 0 views

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    Draft Law on Partnership between Public and Private Sectors is in the parliament corridor and waiting for approval. Experts believe that this law will be helpful for public private companies in the services and infrastructure projects of the country. It will also help international countries to invest in the country through these public and private companies.
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

"On Or Around Mid Year" Zeros to be Deleted - 0 views

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    This is first time in the economic recent history of central bank of Iraq that it made clear public statement for the revaluation of Iraqi dinar. The governor of central bank of Iraq made an official public statement about revaluation of Iraqi dinar. According to Turki, they are looking for the settlement of the new government.
mike alfred

Bonds Are Moving in Iraq - 0 views

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    The treasury remittances were sold in Iraq in a public auction sale organized by ministry of finance. The bonds are issued at 500 billion Iraqi dinars for 182 days. According to initial report, there are eight beneficiaries for this project of auction sales. Central bank of Iraq assisted this auction to support Iraq budget.
mike alfred

The Financial Administration Act And Confusing Economic Reality - 0 views

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    The Member of Parliament for the Liberal bloc, Magda al-Tamimi said that "among the definitions section (2) of the Financial Administration Act and the Public Debt No. 95 of 2004 amended there is a clause stating that the budget allocation is the legal authority granted to the government to spend public money during the fiscal year for the purposes of specific.
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

Is Islamic Banking System Remedy of Economic Issues - 0 views

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    Iraqi Dinar 123 News :- The Islamic banking System is a good system for Iraq to attract businesses and gain maximum benefits from it. According to experts, it is important that the commercial banks should bring business in its bets form to earn the maximum profit for the betterment of the public.
mike alfred

What About RV if Maliki is Not The Next PM - 0 views

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    People were expecting RV before general elections and were almost ready for it. The Noor Al Maliki Administration often talked about 30th April for expected RV date but this date also passed like many other dates. The political gurus were expecting RV from Noor Al Maliki to maintain its worth in the public as it was a game changing step if taken by taken by Noor Al Maliki.
mike alfred

CBI to Introduce 10k Note Category to Assist Trading - 0 views

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    Central bank of Iraq is planning to introduce 10k Iraqi dinar to assist people in trading. Some people believe this note will be available for inter bank transactions only and will not be available for public use in the market, but it is not true.
mike alfred

Dollar Starts Low Against Other Currencies in Light Trade - 0 views

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    After two weeks fall in the value, the US dollar regained its value back in the international market at the end of last week. Due to the public holiday on Monday, the US market remained close. Therefore, no business activity happened in the market with any American company.
mike alfred

Budget Deficit to Reach 87 Trillion Dinars - 0 views

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    The budget deficit of the year would reach 87 trillion dinars which would be quite high. The government has already planned for the deficit and has put aside 55 trillion dollars for it to facilitate the public by trying not to increase the prices of the daily usage things.
mike alfred

CBI Gives Licence to Foreign Banks - 0 views

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    Iraqi Dinar 123 News:- Economic experts are trying to manage things for the betterment of the financial and banking sector of the country. They are trying to smooth the progress of the different operations to manage the public and help them gain the different benefits for the betterment of the people.
mike alfred

The State's Reliance on Oil Imports - 0 views

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    A member of the Parliamentary Commission of Economy Aziz Mayahi "The government revenue and private provision of public service to the citizens decreased dramatically after the change that took place in 2003 due to the cancellation of the government a lot of tax laws.
mike alfred

Many Problems Still Exist in Delivering a Good Budget - 0 views

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    It has been seen that the Finance committee has been ordering the management of the House of Representatives to look into the economic situation of the country and to build a proper budget. A good budget needs to manage the whole country which would not be able to cause any kind of trouble for the public and the financial sector through out the year.
mike alfred

500 Billion Iraqi Dinar Worth Remittances Sold - 0 views

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    Keeping in view the public debt law, the Ministry of finance issued remittances which were backed by the government of Iraq. The Central Bank of Iraq also had a key role to play in the idea of holding auction, granting remittances and every thing else related to it.
mike alfred

France Shows Interest to Enhance Business Relation with Iraq - 0 views

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    Iraqi Dinar 123 News:- France has shown interest in to develop trade and business relations with Iraq. In bilateral meeting between France and Iraq discussed France deal with public sector organizations and private business associations for trade and exchange. The new French ambassador of Iraq Marc Barete announced in a meeting with political persons and members of business association in Iraq.
mike alfred

Australia to Start New Development Projects in Iraq - 0 views

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    Australia is helping Iraq in settling by being a part of the global economic promotion development and job creation issues.The country is going through financial crisis issues which are problematic for the public as well as the government. Middle East was dominating the economy during the previous century but things have changed now.
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