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Tag: Iraq Budget

Budget 2016 Under Discussion

Budget 2016 Under Discussion

Iraqi Dinar 123 News:– There are number of different reports regarding the approval by the Iraqi Council of Ministers for the Iraqi budget 2016. It was announced that Iraqi Federal budget 2016 has been approved by the House of Representatives. Abdul Qadir Muhammad Omar a member of the Iraqi Finance Committee in the House of Representatives issued a press statement that Iraqi House of Representatives have not yet received the budget draft 2016. A member of the committee said that…

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Economic Mobility Is Easy to Adjust With a Realistic Budget

Economic Mobility Is Easy to Adjust With a Realistic Budget

Iraqi Dinar 123 News:– The Iraqi 95 percent economic system is dependent on its oil and new Iraqi budget should be prepared according to the oil price situation and export ability of the country. The Iraqi government needs other income resources and should focus on non-oil sectors in order to enhance the national wealth and boost up its economy. So, keep in mind all these factors and adopt some positive strategies prior to finalize the next year’s budget 2016. It…

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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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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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Iraq would Cover Budget Deficit till July 2015: Muhammad Saleh

Iraq would Cover Budget Deficit till July 2015: Muhammad Saleh

Iraqi Dinar 123 News: – On Thursday, the Economic Advisor to the Iraqi Prime Minister Muhammad Saleh issued a statement that it is expected that Iraqi budget 2015 would achieve its targets till the month of July 2015. He also added that Iraq is not going to bankrupt as it was expected most hopeless budget. Muhammad Saleh further said in his statement that Iraqi economic liquidity is still unfair, although Iraqi economy is experiencing problems and the Iraq is still…

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Reasons Behind the Rising Value in the U.S Dollar: Najiba Najib

Reasons Behind the Rising Value in the U.S Dollar: Najiba Najib

Iraqi Dinar 123 News: – The Iraqi Parliamentary Finance Committee pointed out the aspects of the uprising value of the U.S dollar against the Iraqi dinar during the past few weeks. The Iraqi government took a quick response and the Iraqi Central Bank implemented a new policy and adopted a new mechanism by reducing the auction amount of dollar sales in the CBI foreign currency auction. Najiba Najib said in an interview that as per the budget law 2015, the…

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12 Billion Dollars Treasury Bonds Helpful for Iraqi Economy?

12 Billion Dollars Treasury Bonds Helpful for Iraqi Economy?

Iraqi Dinar 123 News: – On Tuesday, the Iraqi oil ministry agreed with the financial complement of the Iraqi Central Bank in launching 12 billion dollars treasury bonds, in order to pay a large number of dues for foreign oil companies in Iraq. This project is based on Article 34 in the federal budget 2015 law. The oil ministry issued a statement that the Ministry of Finance, Ministry of Oil and the Iraqi Central Bank signed an agreement in a joint…

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Highest Exchange Rate of the U.S Dollar in Last Two Years

Highest Exchange Rate of the U.S Dollar in Last Two Years

Iraqi Dinar 123 News: – A continuous rise has been reported in the U.S dollar exchange rate against the Iraqi dinar in the local market, although the Central Bank of Iraq is taking some major steps to sustain the Iraqi dinar stability. Since last two months, a regular rise have been seen in the U.S dollar exchange rate against the Iraqi dinar in the local market, and currently it is almost the highest rate which is up to 1228 Iraqi…

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