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Tag: Finance Committee

Currency and Trade Balance to be Stable in 2016 : Finance Committee

Currency and Trade Balance to be Stable in 2016 : Finance Committee

Iraqi Dinar 123 News:– A member of Iraqi Parliamentary Economic and Investment Commission Najiba Najib issued a statement that there is not any kind of fear to Iraqi dinar currency against most of the major foreign currencies. She added in her statement that Iraqi dinar currency is getting stronger as the current price of Iraqi dinar is at 1200 Iraqi dinars per one U.S dollar or near to it. So, there is not any kind of threat for Iraqi dinar…

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Iraq Has Large Amount of Hard Cash Reserves: Finance Committee

Iraq Has Large Amount of Hard Cash Reserves: Finance Committee

Iraqi Dinar 123 News:– On Tuesday, the Iraqi Parliamentary Finance Committee has confirmed that Iraqi Central Bank has significant amount of hard cash reserves and it will be used to support the Iraqi dinar currency, which will increase in the exchange rate of Iraqi dinar currency. He also pointed out that state treasury was empty when current government took charge of state treasury. The Iraqi Finance Committee member Masood Haider also added that Iraq has large amount of hard cash…

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CBI Foreign Reserves Are Low As $10 Billion: Finance Committee

CBI Foreign Reserves Are Low As $10 Billion: Finance Committee

A member of the Iraqi Parliamentary Finance Committee Ahmed Al Haj issued a press statement that the Iraqi Central Bank assets decreased about more than 10 billion U.S dollars in 2014-2015. He also added that it is our prediction that Iraqi would be able in getting 150 million U.S dollars per day from its oil exports. The foreign currency auction is improving its amount and almost doubling the amount from daily foreign currency auction. He further said that this causes…

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Finance to Support the Issuance of New Currency Categories

Finance to Support the Issuance of New Currency Categories

On Wednesday, a member of the Iraqi Parliamentary Finance Committee Majida Al Tamimi issued a press statement that adopting new monetary policy would provide an ease to the Iraqi citizens when carrying their currency. She also stressed that the current atmosphere is suitable in order to replace the currency or execution of the project of deletion three zeros from Iraqi dinar currency. She further added in her press statement that we have experienced financial corruption in printing new currency banknotes…

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New Iraqi Dinar Currency Would Restore Iraqi Economy: Finance Committee

New Iraqi Dinar Currency Would Restore Iraqi Economy: Finance Committee

The Iraqi Finance Committee recognized the distribution of new Iraqi dinar currency of large denomination banknotes. It is also pointed out that this project of printing new Iraqi dinar currency will also contribute in the recovering process of Iraqi economy. It will also reduce the dependency on foreign currencies. Most of the financial experts and economists also stressed that the Iraqi Central Bank is being introduced a new currency of large amount of 50,000 Iraqi dinars. They said that it…

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Establishing New Islamic Banks to Increase Investment: Finance Committee

Establishing New Islamic Banks to Increase Investment: Finance Committee

On Monday, the Iraqi Parliamentary Economic and Investment Commission issued a statement that the establishing new banks would improve the investment process in Iraq. Point to be noted that the Iraqi government is ready to allow anyone who needs to establish an Islamic bank. A member of the Parliamentary Economic and Investment Commission Najiba Najib issued a press statement that increasing the number of Islamic banks would help in financing major and large-scale projects. It would also give assurance to…

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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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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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