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Tag: Dinar RV

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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Foreign Currencies Auction at CBI on Saturday 6-27-15

Foreign Currencies Auction at CBI on Saturday 6-27-15

On Saturday, a statement issued by CBI that the Iraqi Central Bank opened window for daily buying and selling of foreign currencies and it reached at 282 million U.S dollars in the daily auction by the Central Bank of Iraq. The statement further said that 22 banks participated in this auction and 3 funds transfer companies also involved in this auction. The Central Bank sold Iraqi dinar at the official rate of 1166 Iraqi dinars per U.S dollar. Total amount…

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Iraqi Cash Reserves Approaching at $ 80 Billion: Finance Committee

Iraqi Cash Reserves Approaching at $ 80 Billion: Finance Committee

The Iraqi Finance Committee refused that Iraqi government used the hard cash reserves to manage the budget deficit problems. It is also said that total cash reserves are 80 billion U.S dollars, in which 69 billion U.S dollars cash reserves and 10 trillion Iraqi dinars. The Finance Committee further said that we are surprised to see the sale of hard cash which is exceeding the predefined limit in the Iraqi budget 2015. It is said that maximum limit for daily…

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Iraqi Prime Minister Accepted Suggestions of CBI in Crisis Cell Meeting

Iraqi Prime Minister Accepted Suggestions of CBI in Crisis Cell Meeting

The Iraqi Prime Minister Haider Al Abadi confirmed the importance in maintaining the Iraqi dinar exchange rate against the U.S dollar in the Iraqi domestic market and the confusion factors of any execution that are not interconnected by tangible conditions. The crisis cell agreed under his chairmanship on the suggestion of deletion of 8 percent by the Iraqi Central Bank, it stand for transfer of funds for customs and taxes. Abadi further said in his statement that a meeting of…

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