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mike alfred

Iraq Crisis, US to Send Military Advisers - 0 views

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    The US Joint chiefs of Staff briefed to the Congress that the Iraqi government has asked to the United States that the Iraqi government needed to use the US air power in the conflict against the ISIS militants. The ISIS (Islamic State in Iraq and Syria) is a branch of Al Qaeda, in which most of the militants are Sunni Muslims. This group has a success story in Syria, they are batting Syrian President Bashar Ul Assad's security forces.
mike alfred

US Dollar Rises Against Other Major Currencies - 0 views

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    A rise in US dollar is seen in the international market against other major currencies of the world. the reason behind is the betterment in the economy in the last couple of months. US dollar went down in the market couple of months ago due to its war policies.
mike alfred

The Sales of US Dollar Reaches 299,000 at Auction - 0 views

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    The money exchange companies are allowed to open direct account in the central bank of Iraq to sale and purchase US dollars at central bank auction. The money exchange companies have independent accounts but they don't operate independently.
mike alfred

US Companies to Take Part in Trade - 0 views

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    Iraqi Dinar 123 News:- It was seen that the US companies are showing interest in investing in the Iraqi banks. They want to do trade with Iraq on government as well as private scale. They showed interest to the Ministry of Commerce regarding wheat and rice.
mike alfred

Dinar Experts Face Prison in The US - 0 views

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    The $23 million fraud is in the news of USA where two local businessmen were found guilty for wire fraud. The amount can be calculated in billions if converted to Iraqi dinar. These businessmen gathered the huge amount of US dollars in by giving false statements for revaluation of Iraqi dinar on 30th April.
mike alfred

Baghdad to Pay For US Consultants - 0 views

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    Iraqi Dinar 123 News:- It was announced that Baghdad would be paying eight thousand dollars for each US consultant that is working within the Iraqi region. Iraq has been facing a lot of crisis in the form of financial issues as well security issues.
mike alfred

Community Banks Selling US Dollars in Black Market - 0 views

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    It was reported that the private banks sold the U.S currency in the black market using the passports if the citizens. The economists said that several currency traders are taking wrong benefits of the citizens by taking their passports in exchange for cash. They are doing so to smuggle the currency from the local market and sell it out of the country to go above 30 percent.
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

Delay in Budget And Its Impact on Dinar Exchange Rate - 0 views

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    Iraq and Kurdistan could not create consensus between each other on the oil policy and as a result annual budget of Iraq is pending approval. The value of US dollar decreased in the last two days against Iraqi dinar and it is all due to positive policies of central bank of Iraq.
mike alfred

Record Increase in Oil Prices After US Declaration - 0 views

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    Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.
mike alfred

US Started Efforts to Resolve The Oil Dispute bt Baghdad & Erbil - 0 views

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    United States of America sent a delegation to the Kurdistan to discuss the things to resolve the issue between Kurdistan and Iraq. The oil dispute between both of the regions is the major cause for non approval of the annual budget of Iraq.
mike alfred

John Kerry in Baghdad - 0 views

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    The US secretary of state John kerry will discuss with the Iraqi government about the recent security condition in Iraq. His visit to the Middle east is very important because Iraq need this time US air strike to control the situation and to stop the militants of ISIS.
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

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

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

Iraq to be Divided into Three? - 0 views

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    Recently news was released by a US based magazine. The US has planned to divide Iraq into three states. The complete news would be released on 30th June 25, 2014 which is as large to be covering 8 pages. These pages state that Iraq would be divided into three states; one in the North of Kurdistan, the second along with the border of Syria while Vlheiah takes the third states place.
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

Bitcoin/USD Reaches Above $590 - 0 views

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    Bitcoin is the digital currency used to trade from E-shops and internet stores. In the last session, it was traded at $581 and reached its highest level at the end of last week. At the time of closing, the value of Bitcoin was $590 that shows its highest level of trade in the money market.
mike alfred

The Central Bank Warned Against Dealing Bitcoin - 0 views

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    The central bank of Iraq warned commercial banks of Iraq to avoid dealing with the currencies not directly coming from central bank of Iraq. Central bank of Iraq especially warned commercial banks against use of Bitcoin in their dealing to avoid any currency scam. Bitcoin is the digital currency used for internet sales and purchase.
mike alfred

Dollar Again Strong Against Major Currencies - 0 views

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    After facing a down fall in the value, US dollar regained its value back in the international market against Iraqi dinar and other major currencies of the world. Dollar was declined by 0.24% in the international money market against all the major currencies of the world in the last business week.
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