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Tag: Dinar Revaluation

Iraq Conditions and RV Coming

Iraq Conditions and RV Coming

Iraq conditions are inevitably complicated now a days because of the tug war between political groups and political instability which are leading towards economical precariousness which shall be conclusively ends when the political stability will be attain. There is no evidentiary reason which depicts delay for RV but don’t know when the announcement will be made. It is obvious that the factors which influence the RV and Iraqi Dinar RI are the stability of Iraq and Financial growth of Iraq…

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CBI Announced Date for Auction Sales of Foreign Currency

CBI Announced Date for Auction Sales of Foreign Currency

The Iraqi Central Bank issued a press statement that Central Bank would start next live auction sales of foreign currency on 4th August 2015. According to our authentic source from the Central Bank said that next session for the auction sales of foreign currencies will take place in the first quarter of the next month according to defined plan by the Central Bank. Source further added that we are expecting that maximum companies will participate including some government agencies will…

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CBI’s Monetary Policy is Important to Develop the Production Sector

CBI’s Monetary Policy is Important to Develop the Production Sector

Adopting the monetary policy by the Iraqi Central Bank would move Iraq to empower the Iraqi production sector and using these methods implemented by the Central Bank of Iraq would enhance the economy of the country. An economic expert Karim Mustafa also issued a press statement that the rise in the U.S dollar exchange rate against the Iraqi dinar would participate in increasing the import level, which would reflect a negative impact on the capability of the Iraqi local production….

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Global Market to Receive Bonds Launched By Iraqi Government

Global Market to Receive Bonds Launched By Iraqi Government

On Friday, the Central Bank’s Board of Directors member Majid issued a statement that the international market is able to adopt bonds that the Iraqi government has planned to launch this year. Point to be noted that according to the financial point of view, the international status of Iraq is much better despite the entire current situation and environment, and the commitment of the Iraqi government to pay all debts suffered by the country. He further added that this objective…

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50K and 100K New Iraqi Bank Notes Launching Date Announced

50K and 100K New Iraqi Bank Notes Launching Date Announced

On Thursday, a member of the Iraqi Parliamentary Finance Committee Najiba Najib has announced that the 50 thousand dinars category bank notes will be available in the market in this current month. She further said in a statement that the Iraqi Central Bank would also launch the new category of 50 thousand dinars coin in the market in this current month and it can be delayed, but it will be in the market before mid of August 2015 after completing…

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Iraqi Government Not to Interfere in the Work of CBI: Saleh

Iraqi Government Not to Interfere in the Work of CBI: Saleh

The Economic Adviser to the Iraqi Prime Minister Muhammad Saleh issued a statement that the Iraqi Central Bank has taken a number of steps to stabilize the Iraqi dinar exchange rate and to maintain the hard cash reserves with positive steps and it is called as non-interference in the work of the Iraqi Central Bank and to maintain the independency of CBI. Muhammad Saleh further said in his press statement that the Article 50 of the Iraqi budget law 2015…

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CBI Cancelled its 8% Tax and Customs on Buying U.S Dollars: Central Bank of Iraq

CBI Cancelled its 8% Tax and Customs on Buying U.S Dollars: Central Bank of Iraq

On Saturday, the Iraqi Central Bank has announced that the monetary policy of the CBI would not be able to maintain and stabilize the exchange rate of the U.S dollar against the Iraqi dinar. At the other hand, government of Iraq stressed to control the border and manage the track of money that moves out from the country and to manage the combine moves against financial and economic crimes. The Board member of Iraqi Central Bank, Majid further said in…

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Project of Deletion Zeros to be Execute Very Soon: CBI

Project of Deletion Zeros to be Execute Very Soon: CBI

The Governor of the Central Bank of Iraq issued a statement that the project of deletion zeros from Iraqi dinar would be executed in the start of 2017. He also indicated that the Central Bank is working on the first phase of this project. It is further said that the aim of eliminating three zeros from Iraqi dinar currency is to reinforce the Iraqi currency and to make its worth in the international currency market. He also said that strategic…

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