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Tag: Iraqi Market

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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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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Last Week Fluctuation in the U.S Dollar Prices

Last Week Fluctuation in the U.S Dollar Prices

The U.S dollar fell almost half percent against the powerful Euro currency and hit 1.1163 U.S dollars, showing downfall at 0.2 percent in the currency index to 94.040, it went up by 2 percent this week. It indicates towards a weekly rise for the first time during last six weeks. The U.S dollar fell on Friday, but it is moving for first weekly gain against the Euro currency and against major currencies since first week of April. From the beginning…

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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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Turkish Companies Working Hard to Rebuild Iraqi Infrastructure: Hoshyar Zebari

Turkish Companies Working Hard to Rebuild Iraqi Infrastructure: Hoshyar Zebari

On Thursday, the Iraqi Finance Minister Hoshyar Zebari met with the Turkish Ambassador in Iraq Farouk Qaamakja and his delegation members of Turkish companies in Iraq regarding execution of the agreements between Iraq and Turkey regarding improvement in the Iraqi economy, in the headquarters office of the Iraqi Finance Minister. The Ministry of Finance issued a press statement that both sides have discussed on the relationship between Iraq and Turkey, especially in the commercial and economic prospects and possession of…

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Seminar Held for Adoption of International Accounting Standards

Seminar Held for Adoption of International Accounting Standards

A seminar held on the importance of the adoption of international accounting standards to get the financial stability. This seminar was organized by the Iraqi private banks association and it was attended by the Governor of the Iraqi Central Bank. The private banks association in Iraq has shown that due to an increase in the number of joint stock companies, a number of international standards have been adopted. The existence of a number of insurance companies are being attached with…

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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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Banking Companies to Cooperate with CBI for Iraqi Dinar Stability: Experts

Banking Companies to Cooperate with CBI for Iraqi Dinar Stability: Experts

A famous economic expert Maha Ehsan praised the banking companies and financial institutions showing mortality regarding the public and not taking advantage and getting profit from the crisis in the situation which the country is facing after selling the hard currency. She issued a statement that a number of banking companies and financial institutions were taking advantages from the situation and taking hold the chances in making profits from the citizens dealing in buying the U.S dollars and transferring these…

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