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mike alfred

ISIS Opens Bank Loans Damaged Currency Redemption Mosul | Iraqi Dinar News and Facts - 0 views

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    The ISIS or Islamic State in Iraq and Syria has announced that they have opened their own bank in the City of Mosul to provide loans and to compensate for mangled currency, in order to financing and to raise the business for terrorist organizations.
mike alfred

Dinar Shortage - Regional Govt. in Kurdistan May Deal in USD - 0 views

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    The Kurdistan Regional Government is now forced to deal in dollar or it will have to print its own currency to fulfill the daily needs of the region because Iraq government is unable to send funds to Kurdistan to pay the staff salaries amounted to 680 billion Iraqi dinars.
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

Iraq is Prepping For WTO Membership - 0 views

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    Iraq is trying to convince its friends and concerned countries to vote in its favor for the membership of World Trade Organization. Most of the countries are ready to vote in the favor of Iraq for the membership of world trade organization. According to the rules, Iraq will have to manage its currency so that it may trade internationally. The value of Iraqi dinar must be stable to get membership of world trade organization.
mike alfred

CBI to Open Money Transfer Companies Accounts - 0 views

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    The central bank of Iraq is doing its best to modernize the banking system in Iraq so that it may support international trade. The central bank of Iraq after the meeting of board of directors granted the permission to the money transfer companies to open bank accounts in the Iraqi and other international banks to directly transfer money anywhere in the world.
mike alfred

WB Calls on Government to Change CBI Policy - 0 views

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    The CBI is going to change the monetary policy of the country according to ongoing circumstances of Iraq. What are the changes that central bank of Iraq want to make in the country is not clear and stated publicly. One of the CBI official told that these changes will be according to present economic conditions of the country and will be launched after approval of World Bank and IMF.
mike alfred

Washington Sell Warplanes, Armored Vehicles And Blimps to Iraq - 0 views

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    These armored vehicles will help security agencies to fight against such elements that want to destroy the important pillars of Iraq economy including oil wells. United States of America is selling 200 armored vehicles, 24 aircrafts that carry bombs to their targets, in this contract. The draft deal has been sent for final approval to the parliament of United States for final decision.
mike alfred

Budget Announcement to Set Iraq's Financial Direction: Rafidain Bank CEO - 0 views

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    It was announced by the ministry of Finance that they would improve the different issues related to those people who visit Iraq or come to Iraq to live or work need Aqahmas. Getting Aqahma easily is a good thing because it would attract people to come to Iraq looking for jobs.
mike alfred

Fiscal Revenue and Oil Resources - 0 views

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    According to experts the oil revenues are expected to rise to 134 060 850 billion dinars within. With all this going on the production of oil export is also expected to increase in the coming two years and the increase in production and the export of the crude oil is also expected to go up from 2.9 million barrels to 4.65 million barrels by 2016.
mike alfred

Nasiriyah City Being Given Out to its Real Owners - 0 views

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    The process of ownership of the land to the owners is being done. The city of Nasiriyah is being given out to the owners after the completion of the necessary paper work. The city had been disturbed due to the security conditions of the country and because of war the people had to move to other areas. Now things have settled in the area and the people are being transferred back through a proper channel.
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

Private banks tend to invest in development projects flowability - 0 views

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    Association of private banks in Iraq resolved hurry to go to the possibility to take advantage of capital these investing for the purposes of development, this is what we reached him President of the Association Adnan Chalabi in an exclusive interview
mike alfred

The Iraqis are Waiting For Dinar Revaluation - 0 views

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    The expectations of people have been increased on the revaluation process since Iraq is trying to get membership of World trade Organization. The central bank of Iraq will have to enhance the value of Iraqi dinar for international trade and to get membership of WTO. A strong currency is required to get membership of World Trade Origination according to the rules of WTO.
mike alfred

CBI Invites JP Morgan to Open a Branch in Iraq - 0 views

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    The central bank of Iraq is aim to attract different foreign banks to open their branches in Iraq. The foreign investment will increase in Iraq if CBI succeeded in attracting large number of foreign banks in the country. Central bank of Iraq is taking radical steps to increase investment opportunities in Iraq.
mike alfred

CBI Going to Raise Dinar Rate - 0 views

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    The recent visit of IMF delegation during election has its significant importance related to value of Iraqi dinar. The delegation of IMF ensured the value of available reserves at central bank of Iraq. The delegation showed satisfaction for these reserves and gave positive signal to the central bank of Iraq to enhance the rate of Iraqi dinar.
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

36 Tons of Gold Ingot Help Stabalize The Iraqi Currency - 0 views

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    Central bank of Iraq is always looking for tools and techniques to stabilize its currency in the international market. Time to time it introduced different methods that it considered to be beneficial for Iraq and its economy. The recent technique that central bank of Iraq going to introduce is to buy 36 tons of gold ingots.
mike alfred

Dinar Revaluation is Necessary For The Membership of WTO - 0 views

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    Revaluation of Iraqi dinar is required for the membership of World Trade Organization because value of Iraqi dinar is not enough to support international trade. Iraq needs to enhance the value of its currency to get WTO membership. The country must have strong currency to trade internationally according to the basic requirements of World Trade Organization.
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

Legislation is the Need for Economic Reform - 0 views

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    The economic legislations are badly needed to bring out country from this economic crisis. The legal experts are trying to find out the ways to bring country out of this crisis as soon as possible. To protect the states resources and implementation of the projects and plans properly, the legal expert Adel Al Lami pointed to lagging in the implementation of projects and the low level of performance.
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