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Tag: Dinar RV

New Iraqi Bank Notes Will Reduce Demand of U.S Dollar: Finance Committee

New Iraqi Bank Notes Will Reduce Demand of U.S Dollar: Finance Committee

A member of the Iraqi Parliamentary Finance Committee Jabbar Al Abadi credited to the Iraqi Central Bank regarding currency strength of characters in the categories of 50 thousand and 100 thousand Iraqi dinars, to decrease the demand of the U.S dollars. Jabbar said in his press statement that the Iraqi Central Bank would issue new Iraqi dinar currency of large categories of 50 thousand and 100 thousand Iraqi dinars to cut back the demand of U.S dollars and foreign currencies,…

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Important OPEC Conference Held in Amman

Important OPEC Conference Held in Amman

On Friday, a business conference of Petroleum Exporting Countries OPEC, started today and Iraqi Oil Minister Adel Abdul Mahdi also participated in this conference to discuss regarding developments in the global oil market. Abdul Mahdi further said in his press statement that a conference held today and we will discuss about our three strategic plans in order to boost up our oil and gas production. He also stressed that Iraqi government has completed a remarkable and perfect licensing task. He…

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CBI Formed a Group to Stop Money Laundering Operations

CBI Formed a Group to Stop Money Laundering Operations

A famous economic expert Firas Amer said that terrorist financing and money laundering problems occurs when you physically transfer money instead by using banking systems. Firas Amer issued a press statement that this major problem should be resolved with regional and international coordination in order to decrease the negative effects regarding this phenomenon. He further said that there is a must need in opening up financial organizations and Arabic and International institutions should help in decreasing these operations that badly…

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Management and Degradation in Printing of New Iraqi Currency

Management and Degradation in Printing of New Iraqi Currency

The Iraqi Parliamentary Finance Committee has confirmed on Monday that we are ready to implement the project of printing new large amount categories Iraqi dinar currencies, but there are some risks involved in printing new currencies of 100,000 and 50,000 categories banknotes. A member of the Iraqi Parliamentary Finance Committee Majida Al Tamimi said that the Iraqi Central Bank is ready to launch the project of printing two large amount categories of 50 thousand and 100 thousand Iraqi dinars. She…

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Major Steps To Support Iraqi Private Banks

Major Steps To Support Iraqi Private Banks

On Saturday, the Parliamentary Economic Commission that Iraqi private banks experiencing financial shortage problem and the Iraqi government should support in order to manage this problem. A committee member Ahmed Salim said that there are a number of opportunities that can be explored to facilitate for private banking sector, including investment because we are modifying the Law No. 13 in order to bring foreign investment in the country. The country is directly linked with its economical situation. He further said…

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Launching One Trillion Dinars is Not the Violation of Article 50: CBI

Launching One Trillion Dinars is Not the Violation of Article 50: CBI

The Iraqi Central Bank issued a statement that launching one trillion Iraqi dinars considered a positive step in order to control the U.S dollars exchange rate against the Iraqi dinar and to preserve economic stability in the country. It is also said that this decision is not the violation of article 50 of Iraqi budget law 2015. The Central Bank also pointed out that stability in the Iraqi dinar exchange rate would strengthen the Iraqi economic condition. A member of…

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Iraqi Dinar Would Get Strength From Large Currency Printing : Finance Committee

Iraqi Dinar Would Get Strength From Large Currency Printing : Finance Committee

On Monday, the Iraqi Parliamentary Finance Committee announced that the Iraqi Central Bank is working very hard to empower the Iraqi dinar by printing large amount categories of Iraqi currencies. A member of the Parliamentary Finance Committee Majda Al Tamimi issued a statement that the main reason behind the weakness of Iraqi dinar against the U.S dollar is due to the amount or quantity of demand and supply of money and difference between official U.S dollar prices against Iraqi local…

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Downfall in the U.S Dollar Prices Increased bond Earnings

Downfall in the U.S Dollar Prices Increased bond Earnings

Yesterday, Euro currency rose in the Europe because the dollar’s poor form and out of condition in the fluctuations in the bond market strongly trust the U.S currency, which has conquered in the previous year to the currency markets. The current step was to re-examine and recheck the yearly risks in the bond markets. The analysts tried to find out its reasons to the rise in the U.S bond earnings. It was considered that the U.S dollar would get benefit…

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