8-27-2015 Iraq Articles
27
Aug
8/26/2015
Long-Presse / Baghdad
An informed source at the Central Bank of Iraq, on Wednesday, for the last willing to put up bonds for sale in the local currency, while pointing to a surplus of foreign currency in the country. The source said in an interview with the (long-Presse), that “Iraq needs funds in local currency and not in hard currency, so the central bank is preparing to launch bonds in local currency for sale in order to strengthen the local currency.” The source, who asked not to be named, said “bonds that will be put forward will be available to all citizens and the various classes in order to take advantage of it will be local and national,” noting that “the mechanism of sale will be announced in the near future.” The source continued that “there is a surplus in foreign currency in the country and, therefore, he went to the Central Bank to sell bonds in the national local currency away from the dollar selling.”
The Central Bank of Iraq announced earlier, to take the necessary measures to support liquidity in the banking system, and decided to facilitate the procedures for the sale of foreign currency “to sustain the exchange rate.”
The Central Bank of Iraq, said in (the 18th of January 2015), that the financial reserves of Iraq is equivalent to one and half times the weakness of the currency bloc, returned as “best rates” in the countries of the world, and as he emphasized that Iraqi financial institutions are “unable” to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices. SOURCE
An informed source at the Central Bank of Iraq, on Wednesday, for the last willing to put up bonds for sale in the local currency, while pointing to a surplus of foreign currency in the country. The source said in an interview with the (long-Presse), that “Iraq needs funds in local currency and not in hard currency, so the central bank is preparing to launch bonds in local currency for sale in order to strengthen the local currency.” The source, who asked not to be named, said “bonds that will be put forward will be available to all citizens and the various classes in order to take advantage of it will be local and national,” noting that “the mechanism of sale will be announced in the near future.” The source continued that “there is a surplus in foreign currency in the country and, therefore, he went to the Central Bank to sell bonds in the national local currency away from the dollar selling.”
The Central Bank of Iraq announced earlier, to take the necessary measures to support liquidity in the banking system, and decided to facilitate the procedures for the sale of foreign currency “to sustain the exchange rate.”
The Central Bank of Iraq, said in (the 18th of January 2015), that the financial reserves of Iraq is equivalent to one and half times the weakness of the currency bloc, returned as “best rates” in the countries of the world, and as he emphasized that Iraqi financial institutions are “unable” to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices. SOURCE
8/26/2015
Central bank sales recorded, on Wednesday, in the auction for the sale of foreign currency to sell, down $ 218 million after selling $ 226 million yesterday.
According to a statement of the bank, the agency received all of Iraq [where] a copy of “The size of the amount sold today by the bank at the auction of the dollar stood at 218 million and 346 thousand and $ 331, priced at 1166 dinars exchange rate to the dollar, and with the participation of 28 banks and ten companies of the financial converter “. He pointed out that” the amount of remittances and credits amounted to 180 million and 896 thousand, and $ 331, while the quantity sold in cash 37 million and 450 thousand dollars. “The statement said that” the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars, “noting that “sale of remittances price of 1187 dinars / dollar, including the commission of the Central Bank of $ 21 dinars per dollar, with total cash sales price of the dollar in 1190 dinar / dollar, including the commission of the Central Bank of $ 24 dinars per dollar.”
and raised suspicions of corruption and operations of laundering money through the central bank auction where announced, specialized issues of integrity and economic crime and money laundering a misdemeanor court, on August 20 this issuance provisions of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner earlier in the presence of 20 defendants in this some issues largely Chairman of the Board management.
“The Supreme Federal Court, announced on the sixth of July, several articles unconstitutional in budget 2015 law, including Article 50, the judge to” compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed 75 million dollars a day.
“with the exception of Governor of the Central Bank and the Agency on the Keywords, the court’s decision as” came in accordance with the Constitution and the Law on the Central Bank, which is a great importance because of its impact in promoting and supporting the independence of the Bank and remove him from influencing the policies and decisions “.anthy SOURCE
According to a statement of the bank, the agency received all of Iraq [where] a copy of “The size of the amount sold today by the bank at the auction of the dollar stood at 218 million and 346 thousand and $ 331, priced at 1166 dinars exchange rate to the dollar, and with the participation of 28 banks and ten companies of the financial converter “. He pointed out that” the amount of remittances and credits amounted to 180 million and 896 thousand, and $ 331, while the quantity sold in cash 37 million and 450 thousand dollars. “The statement said that” the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars, “noting that “sale of remittances price of 1187 dinars / dollar, including the commission of the Central Bank of $ 21 dinars per dollar, with total cash sales price of the dollar in 1190 dinar / dollar, including the commission of the Central Bank of $ 24 dinars per dollar.”
and raised suspicions of corruption and operations of laundering money through the central bank auction where announced, specialized issues of integrity and economic crime and money laundering a misdemeanor court, on August 20 this issuance provisions of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner earlier in the presence of 20 defendants in this some issues largely Chairman of the Board management.
“The Supreme Federal Court, announced on the sixth of July, several articles unconstitutional in budget 2015 law, including Article 50, the judge to” compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed 75 million dollars a day.
“with the exception of Governor of the Central Bank and the Agency on the Keywords, the court’s decision as” came in accordance with the Constitution and the Law on the Central Bank, which is a great importance because of its impact in promoting and supporting the independence of the Bank and remove him from influencing the policies and decisions “.anthy SOURCE
Hakim calls for the central bank to the new paper currency image for the upper threshold of the Holy included
8/26/2015
New MP Dr Abdul Hadi al-Hakim, his call for the need to cross the Iraqi currency which the central bank purports released the identity of the country and the originality and depth of civilization, revealing at the same time the most purity and privacy and humane in his past authentic and present pension features. The MP-Hakim told N. news reporting on the need to The new currency include a picture of the Dome of the shrine of the faithful peace be upon him on the occasion of fourteen centuries after its adoption by the peace Kufa Najaf, Iraq’s capital to succeed him an adult. Mr. MP explained that the currency – paper and metal – in any country is the ambassador to that country, and express so conspicuously features humanitarian and cultural and historical authentic treasured by and proud of it and proud of it, however, unfortunate that the Iraqi salient features that the view of the Central Bank of Iraq previously placed on the Iraqi currency issued by the varied in importance, Fbanha what does not need to put on the Iraqi currency originally to Iraq’s non-specificity of its , and the presence of what exceeded by the magnitude and splendor and durability in many other countries, and including what put repeats on the Iraqi currency more than once, which could give the impression that Iraq, which has all of this rich cultural, cognitive, scientific, literary does not have is these features express their identity and originality and depth of civilization and historical and humanitarian and Islamic.While the Covenant of the former had fought against the holy sites, scientists and citizens and understatement right sacred thresholds and landmarks task for decades, the central bank that invests opportunity fourteen centuries after the adoption of the faithful peace be upon him Kufa, the capital of major to succeed him and that befell this year, for documents this version history Iraqi integral and unique managed the Imam (AS) to apply divine justice and equality between the ruler and the ruled most pronounced forms, and prescribed and applied practically full human rights at the height of the time Bellman those rights as well as Mtabgaha on the ground. The MP-Hakim has sent a letter addressed to the Governor of the Central Bank of Iraq include former proposed above.
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8/26/2015
predicted a member of the Commission on oil and energy parliamentary that oil prices will rise to $ 55 a barrel during the month of next October.
He said Ibrahim Bahr al-Ulum, a former oil minister told all of Iraq [where] that “the choosers against Iraq today, but to continue to step up production capacities and export within the organization,” OPEC “roof to persuade key players Saudi Arabia and private, which pumps about more than 10 million barrels a day is able to market control If the withdrawal of the surplus in the oil market.
“The statistics indicate that US oil reserves exceeding 280 million barrels, which led to lower prices, noting that” there is a sense that the “OPEC” will not abide by their quotas, but would pump at full capacity, as well as Astmraranteg oil from non-traditional areas and this Sbikun influential.
“He said Bahr al-Ulum that” the drop in oil prices may continue to fall for a time period, but may regain some recovered in the month of next October and is expected to reach $ 55 a barrel.
“It is said that oil prices are a significant decrease was the lowest in six years.
It should be noted that Iraq supports the construction of the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq’s resources reaching 2015 budget about $ 100 billion with a deficit expected up to 25%, prompting the government to launch treasury bonds worth $ 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion in an attempt to reduce this deficit with the continued decline Alasar.anthy 2
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He said Ibrahim Bahr al-Ulum, a former oil minister told all of Iraq [where] that “the choosers against Iraq today, but to continue to step up production capacities and export within the organization,” OPEC “roof to persuade key players Saudi Arabia and private, which pumps about more than 10 million barrels a day is able to market control If the withdrawal of the surplus in the oil market.
“The statistics indicate that US oil reserves exceeding 280 million barrels, which led to lower prices, noting that” there is a sense that the “OPEC” will not abide by their quotas, but would pump at full capacity, as well as Astmraranteg oil from non-traditional areas and this Sbikun influential.
“He said Bahr al-Ulum that” the drop in oil prices may continue to fall for a time period, but may regain some recovered in the month of next October and is expected to reach $ 55 a barrel.
“It is said that oil prices are a significant decrease was the lowest in six years.
It should be noted that Iraq supports the construction of the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq’s resources reaching 2015 budget about $ 100 billion with a deficit expected up to 25%, prompting the government to launch treasury bonds worth $ 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion in an attempt to reduce this deficit with the continued decline Alasar.anthy 2
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8/26/2015
Head of the UN mission in Iraq, Jan Kubis Prime Minister Haider al-Abadi stressed his organization’s support for a strong UN reforms.A statement by the prime minister received by all of Iraq [where] a copy of it, said Abadi, received in his office on Wednesday, UN envoy and his accompanying delegation, and during the meeting touched on the reforms taken by Abadi political and security situation and the return of displaced persons to the liberated areas and reconstruction of that.
“Welcomed Kubi reforms and expressed United Nations support and its readiness to provide all that would contribute to its support. The prime minister Haider al-Abadi fired since 11 August this several reform packages approved by the House of Representatives in response to the directives of the Supreme religious authority and the demands of the demonstrators. Ebadi said today that the reforms voted on by the Council of Ministers and the House of Representatives “unconstitutional and illegal and will not retract it.” stressing that “no return for reforms and that the political system was a need public pressure to improve performance and accelerate the process of reforms.” The prime minister noted that the first step in the strategy of reform represented Baltrchiq in the ministries and a blow to the very core of the system of quotas. ” He pointed out, “I will not relinquish my sons interest one iota and that we are heading in the right direction to build a state,” .anthy SOURCE
“Welcomed Kubi reforms and expressed United Nations support and its readiness to provide all that would contribute to its support. The prime minister Haider al-Abadi fired since 11 August this several reform packages approved by the House of Representatives in response to the directives of the Supreme religious authority and the demands of the demonstrators. Ebadi said today that the reforms voted on by the Council of Ministers and the House of Representatives “unconstitutional and illegal and will not retract it.” stressing that “no return for reforms and that the political system was a need public pressure to improve performance and accelerate the process of reforms.” The prime minister noted that the first step in the strategy of reform represented Baltrchiq in the ministries and a blow to the very core of the system of quotas. ” He pointed out, “I will not relinquish my sons interest one iota and that we are heading in the right direction to build a state,” .anthy SOURCE
8/26/2015
[Baghdad-where]
Parliament Speaker Salim al-Jubouri and Ammar al-Hakim, head of the Islamic Supreme Council of Iraq emphasized the importance of the implementation of government and parliamentary reforms. This came during a meeting with al-Jubouri, the sage in his office in Baghdad this evening. A statement by the Office of the President of the House of Representatives received by all of Iraq [where] a copy of it, that “During the meeting, an extensive search for the developments of the political situation and the package of reform of parliamentary, governmental and ways and timing of implementation as well as to emphasize the need respect for the legal and constitutional contexts and support legislative and oversight role of the House of Representatives and speed to meet the basic and fundamental values of the demonstrators requirements. “The statement added:” The meeting stressed that the reform is everyone’s responsibility and that all blocs and political currents take the initiative and support of the official institutions in this regard. ” End SOURCE
Parliament Speaker Salim al-Jubouri and Ammar al-Hakim, head of the Islamic Supreme Council of Iraq emphasized the importance of the implementation of government and parliamentary reforms. This came during a meeting with al-Jubouri, the sage in his office in Baghdad this evening. A statement by the Office of the President of the House of Representatives received by all of Iraq [where] a copy of it, that “During the meeting, an extensive search for the developments of the political situation and the package of reform of parliamentary, governmental and ways and timing of implementation as well as to emphasize the need respect for the legal and constitutional contexts and support legislative and oversight role of the House of Representatives and speed to meet the basic and fundamental values of the demonstrators requirements. “The statement added:” The meeting stressed that the reform is everyone’s responsibility and that all blocs and political currents take the initiative and support of the official institutions in this regard. ” End SOURCE
8/26/2015
the Prime Minister Haider al-Abadi said the reforms voted on by the Council of Ministers and the House of Representatives “unconstitutional and illegal and will not retract it.” A statement by his office received by all of Iraq [where] a copy of it, said Abadi said during a meeting with a number of media and cultural elites and political analysts in the presence of a number of MPs and politicians that “our struggle with Daash gangs and Judy, and our fighters heroes need for the award because they are original in the battle “. He stressed Abadi” no return for reforms and that the political system was a need public pressure to improve performance and accelerate the process of reforms, noting that the first step in the strategy of reform represented Baltrchiq in the ministries and a blow to the very core of the system of quotas. “He said the” financial conditions and the decline in oil prices has caused difficulties us but there are measures taken to control the effects of this decline through the revitalization of the private sector and the allocation of the amount of five trillion dinars to stimulate the industry, agriculture and housing sectors, and Iraq in the coming years is expected to be of the twentieth States Supreme growth.
“Ebadi said,” I will not relinquish My sons of interest one iota and that we are heading in the right direction to build a state, “.anthy
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“Ebadi said,” I will not relinquish My sons of interest one iota and that we are heading in the right direction to build a state, “.anthy
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8/26/2015
Long-Presse / Baghdad
Confirmed the Iraqi private banks association, said on Wednesday the existence of a serious approach to the success of small and medium enterprises experience because of its positive impact on the national economy, hoping to benefit from Arab and international experiences in this field.
This came through the participation of the Association and the Central Bank of Iraq, in the Small and Medium Enterprises Forum, which kicked off today in Amman, Jordan, under the title (the way of economic growth), to discuss “the challenges facing Arab banks, and their impact on the reality of small and medium-sized companies, and the importance of improving the chance The arrival of the sources of funding and to achieve economic and social development in the region “, with the participation of Arab bankers and representatives of Arab institutions involved in lending to small and medium enterprises and micro.
Confirmed the Iraqi private banks association, said on Wednesday the existence of a serious approach to the success of small and medium enterprises experience because of its positive impact on the national economy, hoping to benefit from Arab and international experiences in this field.
This came through the participation of the Association and the Central Bank of Iraq, in the Small and Medium Enterprises Forum, which kicked off today in Amman, Jordan, under the title (the way of economic growth), to discuss “the challenges facing Arab banks, and their impact on the reality of small and medium-sized companies, and the importance of improving the chance The arrival of the sources of funding and to achieve economic and social development in the region “, with the participation of Arab bankers and representatives of Arab institutions involved in lending to small and medium enterprises and micro.
The head of the Iraqi private banks association, Wadih Nuri al-Handal, in an interview to the (long-Presse), said that “Iraq’s participation in a forum of small and medium-sized enterprises, is very important because of the launch of the financing of these projects program by the Central Bank of Iraq, an amount trillion dinars to reduce unemployment.” , noting that “the participants in the forum will be briefed on international experiences in the field of supporting small and medium enterprises to take advantage of them.”
The bitter melon, that there is “a serious approach to the success of small and medium enterprises experience both from the Central Bank or the Association, because of its positive impact on the national economy.”
It said Executive Director of the Association, Ali Tariq, in an interview to the (long-Presse), “The participants in the forum will discuss topics related strategies and mechanisms for the support and development of small and medium-sized enterprises, as economic growth axis in the Arab world, and financial inclusion as a platform to support small and medium-sized and micro enterprises a young age. “
He stressed Tariq, that “the conference will also discuss Arab experiences in the financing of small, medium and micro enterprises, as well as formulas and products of Islamic banking and its role in financing, and the subject of creativity and innovation to promote this type of projects and the role of governments and institutions in this area.”
The Central Bank of Iraq, in, (the 19th of May 2015), the launch of a trillion dinars for private banks to finance small and medium enterprises loans. SOURCE
The bitter melon, that there is “a serious approach to the success of small and medium enterprises experience both from the Central Bank or the Association, because of its positive impact on the national economy.”
It said Executive Director of the Association, Ali Tariq, in an interview to the (long-Presse), “The participants in the forum will discuss topics related strategies and mechanisms for the support and development of small and medium-sized enterprises, as economic growth axis in the Arab world, and financial inclusion as a platform to support small and medium-sized and micro enterprises a young age. “
He stressed Tariq, that “the conference will also discuss Arab experiences in the financing of small, medium and micro enterprises, as well as formulas and products of Islamic banking and its role in financing, and the subject of creativity and innovation to promote this type of projects and the role of governments and institutions in this area.”
The Central Bank of Iraq, in, (the 19th of May 2015), the launch of a trillion dinars for private banks to finance small and medium enterprises loans. SOURCE
8/26/2015
Search and Electricity Minister Qassim Fahdawi, with Iranian ambassador Hassan Dnaii fled, on Wednesday, the possibility of fuel processing is fast electric plants from Iran. A statement from the Ministry of Electricity Agency has received all of Iraq [where] a copy of it, that “Fahdawi, met with Iranian Ambassador Hassan Dnaii fled, today in his office in Baghdad.” And the two sides discussed “the possibility of fuel processing is fast electrical stations of Iran tankers to avoid the decline in production in the national grid, and to maintain the improvement in the processing power of the citizens. ” End
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