Dhi Qar Calls For The Launch of The Petro-Dollar Exchange Money

Called Dhi Qar province to launch money exchange petro dollars and set up their own account and not be subject to the authentication mechanism on the state budget to address the effects of delayed approval of Parliament for the federal budget for the current year after eight months of it until now.

She added, maintaining that the money, unfortunately, remain trapped in the banks do not act to preserve only after the ratification of the current year budget, which did not recognize yet.

He pointed out that the process of connecting to launch funds petro dollars to ratify the budget prevented the disposal of the province with money allocated to them under the conditions of what is the greatest need to be where the money as a result of the delay in approving the budget.

In another matter the province decided to sue companies lagging in the implementation of the ministerial projects, as pointed to the reluctance of companies that cause delays in the provision of services.

http://www.radiodijla.com/

Central Edition Poses For a Class of Ten Thousand Dinars Bearing Liberation Monument

Baghdad-Iraq-Presse August 8 / August: Iraqi Central Bank announced about the launching of its new from the Iraqi currency category ten thousand dinars, indicating that it will carry the image of Liberation Monument and the signing of the Governor of the Bank and the Agency Abdul Basit Turki.

The governor of the Iraqi Central Bank and the Agency Abdul-Basit Turki said that "the most prominent changes incurred by the new category of paper ten thousand dinars are the factors of safety against forgery and damage," noting that "the new edition will include changing the image of the Arab world, al-Hasan ibn al-Haytham and replaced in the Liberation Monument in central Baghdad".

"The new edition contains what is known as a transparent window printing technique currencies ultra-precision, and that this edition will carry my signature."

Turki said that "the Iraqi Central Bank stresses that the revelation of this banknote to markets does not mean never pull the paper currently in circulation from the market, but will remain vice editions Mtdaolten and naturally".

http://www.iraqpressagency.com/?p=81299&lang=ar

Economists: The State's Reliance on Oil Imports (Cripple Its Economy)

He stressed Economists on the necessity of activating the decisions collects money owed to the citizens and not to rely on imports of oil sales as the basis for the country's economy to the magnitude of the economic risks in the near term, while confirming the parliamentary Economic Committee that the weakness in the collection of funds government revenue falls to the Ministries of Finance and Planning, which cause by making unilateral budget.

A member of the Parliamentary Commission of Economy Aziz Mayahi "The government revenue and private provision of public service to the citizens decreased dramatically after the change that took place in 2003 due to the cancellation of the government a lot of tax laws.

He added Mayahi "that returns control of the sale of oil over most of the Iraqi economy led to ignore the Internal Revenue Service for the ministries and public bodies and lack of contribution to the federal budget, but to remember the proportions I said it.

He explained that the interference in the laws of the collection of taxes and dues governmental and non-application of the existing ones according to the spammers correct items and instructions from the window to make some compromise on their rights institutions imposed on Moatn.

http://alestiqama.com/?p=108099

Iraq Exported Oil in July to Eight Billion Dollars

Announced that the Iraqi Oil Ministry announced yesterday that the country's exports of crude oil rose in the (July) to 2.442 million barrels per day in an average of 2.423 million barrels per day in the previous month.

And issued a statement which drew that shipments from the northern Kirkuk oil fields are still parked. The total selling price of Iraqi crude to $ 102.8 per barrel and revenues of $ 7.8 billion in July. Iraq exports most of its oil from the ports of the south.

Furthermore, Turkish officials said that Iraq's Kurdistan oil pumping through a pipeline to the Turkish port of Ceyhan resumed yesterday at a rate of 75 thousand barrels per day after a stopover late last month due to full storage tanks. They pointed out that the sixth tanker carrying 260 thousand barrels of Kurdish oil left the port of Ceyhan after the completion of the download.

In the markets, the combination settled «Brent» near $ 105 a barrel, as it overshadowed fears of a global glut in the supply of concern about the violence raging in the Middle East and North Africa. And paid an oversupply in the markets of West Africa, Europe and America «Brent» to decline 3.3 percent despite the political and security tensions in Iraq, Libya and Ukraine that can disrupt crude production in the future.

Crude rose «Brent» 16 cents to $ 105 a barrel, after falling $ 1.18 on Friday to 104.84 dollars, its lowest settlement price since the second of April. U.S. crude rose 20 cents to 98.08 dollars after they ended the week at its lowest settlement since February 6 (February).

http://alhayat.com/

Liberals: Merge Almoisntin Fiscal Contrary to The Financial Administration Act And Confusing Economic Reality

BAGHDAD - Iraq Press - August 3 / August: Liberal bloc stressed that "the integration of The Budgets of 2014 and 2015 in one package contrary to the Financial Administration Act and the Public Debt No. 95 of 2004 as amended and confusing  to the economic reality in the country.

The Member of Parliament for the Liberal bloc, Magda al-Tamimi   said that "among the definitions section (2) of the Financial Administration Act and the Public Debt No. 95 of 2004 amended there is a clause stating that the budget allocation is the legal authority granted to the government to spend public money during the fiscal year for the purposes of specific.

She drew Tamimi said that "among the definitions in the law that the budget program of financial speculation based on annual income and expenses and in-kind transfers and attributes of the Government.

She added that "the text within Chapter IV of the Act in general provisions confirms approving the budget year financial and takes effect during the year that passed her assignments," pointing out that "we conclude that it is not permissible to integrate Moisntin by law and must be approved by each one of them separately.

http://www.iraqpressagency.com/?p=80242&lang=ar

Enhance The Value of The Local Currency Transactions

Treasures Media - Follow-up: Said financial expert Ali Fukaiki importance of adopting measures trade in local currencies across the border for its role in facilitating the smooth flow of traffic of goods and goods across international countries that adopt this process.

He added that cross-border trade in local currencies in vogue among the countries of the world, pointing to the importance of activating the measures adopted in the present time in the trade of the country during the current situation you need to supply the domestic market of goods cover the growing domestic demand.

He pointed to the presence of several international agreements to be adopted commercially in the world like her and what was approved by the agreement between the governments of Turkey and Iran from trade in local currency for the two countries, as well as between Malaysia and its neighbors using local.

He said in China rely many foreign projects, particularly the Japanese use the Chinese currency, the local of the (yuan) and a way to settle the payment obligations urgent and those adjustments less susceptible to the vagaries of the process in foreign currency exchange rates and to avoid the margins of the difference required by the conversion process through the dollar.

The Fukaiki has between in an earlier statement that what happened to trade actively across the border in (spend Klar) and (Haj Omran) in the Kurdish north and is happening now in the Mehran and Shalamcheh south vivid example of this trade, which resulted in the accumulation of reserves, cash Iraqi significantly with the bankers and traders Iranians, Syrians and Turks and others promoted the acceptance of these Iraqi dinar confidence in him over the past five years, which did not happen to him such confidence before that over the past half a century earlier.

http://www.knoozmedia.net/?p=55416

Per Capita Income of Iraq (IQD)

Source by: Dinar Deal's Alert

URL: http://feedproxy.google.com/~r/DinarDealsAlert/~3/iu-SxxZ3bUY/

The Iraq Ministry of Planning has announced that the per capita income of Iraq has gone up to $4000 at present. The figure shows a rapid growth in the overall economy of Iraq. The per Capita income was $400 in 2004.  Prime Minister Noor al-Maliki took office in 2006 after the general elections held in the last quarter of 2005. At that time, law and order situation was drastic, infrastructure was not there, banking and finance sector was facing challenges, Iraqi currency was facing counterfeits, speculations and black marketing, in short, Iraq was one of the crucial countries to rule in 2006. More detail please visit here

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Currency Exchange Online Auctions Through Central Bank of Iraq

Experts say, the hard-currency public auction governed by the actual Central Bank of Iraq (CBI) - your specialist in charge of utilizing a financial plan in the nation -- features brought from the enhancement of economic terms, through which board people in Iraqi personal banking institutions are generally invested.

Every single day given that 2004, the actual CBI offers held antique dealer through which difficult forex is solid for you to financial institutions, organizations along with investors in exchange for evidence transfer as well as transaction invoices. The sale try to reduce market place speculation along with support the particular exchange charge associated with Iraqi dinars to the US dollar. The particular CBI - which usually will not deal with men and women : carries $1 regarding 1,118 Iraqi Dinar.

The particular exchange rate continues to be changing pursuing the criminal arrest guarantee granted up against the previous governor of the CBI, Sinan al-Shabibi, at the conclusion of last year. During his phrase, Shabibi adjusted the sale since data leaked about smuggling funds through Iraq to Iran to satisfy the actual latter’s requirements regarding tough currency exchange amongst worldwide sanctions.

As a method regarding managing the actual claims, the CBI prohibited just about any standard bank as well as organization along with money associated with below $400,000 via getting involved in your currency exchange public auction. Additionally, most contributors were required to publish their own participations towards the legal department in the Ministry of Internal, the economical criminal offences device along with the money-laundering section with the CBI with regard to acceptance.

This specific string associated with limited procedures features diminished participation within this market to a minimum. Subsequently, the particular CBI has been accused of approving currency-trading protection under the law to a limited number associated with firms as well as financial institutions, which usually led to local-currency decline as us dollars grew to be scarce.

In an attempt to support the injury, the actual CBI certified many personal banks for you to straight promote a specified number of money for you to Iraqi residents pertaining to take a trip functions as well as medical treatment offshore. This kind of authorization permits whoever keeps the Iraqi passport to buy $5,000 via private banks once per month, in line with the CBI price associated with 1,118 Iraqi dinars to the money. This particular apply is now lucrative.

The particular swap fee in the Iraqi black market nonetheless is an acronym at about 1,225 Iraqi dinars to the dollar, a positive change of several Dinars per buck. As a result, the actual lengthy lines looking at exclusive financial institutions have grown to be a normal incident. At most events, forex merchants have offered to book given through folks to enable them to purchase more Forex.

The Business owners associated with several non-public change companies are convinced that banks certified to market US dollars are dealing with intermediaries in exchange for undisclosed commission rates. These kind of claims, however, has yet to be confirmed. Authorities from the CBI and banking institutions have refused to opinion.

Amin Abbas, associated with the Financial Committee inside the Iraqi parliament, asserted “the CBI usually takes a total obligation for that fall with the exchange fee in the Iraqi dinar towards the US dollar due to its hard to stick to measure throughout giving allows to interchange companies. The method, for that reason, is becoming tied to specific businesses. A few publication rack overtaking the whole process of hard-currency buyer from the CBI on account of your limits imposed through the CBI’s management,” he included. Following arrest justify issuing towards Shabibi, Prime Minister Nouri al-Maliki employed Abdel-Basset Turki, previous head with the Supreme Review Panel, as temporary Key Lender governor. But talk about the CBI’s responsibility inside the decline in the Dinar’s Exchange Rate features experienced, despite Turki believed his or her placement.

Mohammed Khalil, an official inside the Iraqi parliament’s Economic as well as Expense Committee, noted in which “the current supervision of the CBI provides inhibited the actual movement involving US dollars to the market and also the accessibility regarding citizens and traders to this particular forex due to its limited steps. [The CBI] fears the actual smuggling of significant amounts of challenging foreign currency to other countries and funds laundering.”

Khalil ongoing, “The CBI must facilitate the process of moving US dollars to the market and should and then carefully discover their exchange in and out of the nation so that you can do not allow funds washing and other alike violations.”

Decline of Iraqi Dinar and Political Scenario

Source by: Dinar Deal's Alert

URL: http://feedproxy.google.com/~r/DinarDealsAlert/~3/ydWfSyKALdo/

The current exchange rate of the New Iraqi Dinar in the foreign exchange markets is $1 for 1226 IQDs.  It has been observed by the financial hubs that the demand for dollars has increased in the last couple of weeks. The purchases of CBI, The Central Bank of Iraq is 131 million dollars as compared to the 126 million dollars in the previous financial session. As a result, the dollar reserves of CBI have exceeded $67 billion at the moment. More detail please visit here

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Iraq Natural Gas Projects

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Nature has blessed Iraq with abandon natural resources of oil and gas. The World is looking towards Iraq for its increasing fuel needs. Apart from neighboring countries, the rest of the world is also negotiating oil deals with Iraq to get rid of their energy crises. Like crude oil agreements, deals on gas projects are being finalized by the Iraq government. More detail please visit here

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Iraq Will Import Rice from Thailand

Source by: Dinar Deal's Alert

URL: http://www.term123.com/iraq-will-import-rice-from-thailand/

The agriculture sector of Iraq is gradually moving ahead as the series of wars ruined this industry as well. Infrastructure for cultivation is hardly available as Iraq is blessed with oil under the soil in most of the areas. To fulfill the domestic food needs, Iraq imports various commodities from the other countries. So Iraq is the equal business opportunity for the importers and exporters at the same time. More detail please visit here

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All Awaiting Formation of New Government

Source by: Iraqi Dinar

URL: https://www.iraqidinar.net/all-awaiting-formation-of-new-government/

It is hoped that the Iraqi government will quickly get it house together and quicken the pace at which things are getting done in the Iraqi nation. The rate at which things are moving is not really helpful for the growth of the Iraq economy and the Iraqi dinar. Because of this, Iraqi nationals that are living in Iraq are forced to consistently suffer in the present persistent decay that the Iraqi nation is going through. More detail please visit here

Iraq-Aqaba Pipeline Project

Source by: Dinar Deal's Alert

URL: http://feedproxy.google.com/~r/DinarDealsAlert/~3/KGYejNfeAME/

The Iraq Business News reported that the Iraq-Aqaba Pipelines Project is close to be completed. After the completion, the project will be handed over to a pursuant to investment regulations. The pipelines will be constructed across the Gulf of Aqaba and carry oil from Basra to Jordan and Egypt. Egyptian Prime Minister HeshamKendil has signed an agreement at the beginning of this month during his visit to Baghdad. For more detail please visit here

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Deduction in Iraq Aid From US

Source by: Dinar Deal's Alert

URL: http://feedproxy.google.com/~r/DinarDealsAlert/~3/8s4kephbynQ/

United States announced the changes in the aid budgets in 2014. The President Barak Obama has sent the draft of the Budget law for the next year consists of 50 pages to the US Congress. Almasal.com reported that US has suggested many changes in the aids of the countries. Some of the countries are getting the befit of these change allocations and some countries including Iraq and Afghanistan will get reduced amounts in 2014. More detail please visit here

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Security Updates of Iraq in the Last Week

Source by: Dinar Deal's Alert

URL: http://feedproxy.google.com/~r/DinarDealsAlert/~3/EUvyO7qFgmw/

No doubt that the present Maliki government is trying its best to keep things going on in all the fields, but the security concerns have increased in the last week of March. That is also true that prominent oil companies are among agreements with Iraq and many successful deals have been finalized, but at the same time safety and security is a serious matter for the foreign investors. More detail please Click Here

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Grand Plans of Chrystal Group in Iraq

Source by: Dinar Deal's Alert

URL: http://feedproxy.google.com/~r/DinarDealsAlert/~3/XZhKebj7AOQ/

“THE National” has reported that Crystal Group of Abu Dhabi has planned a hotel Chain in  Iraq in the next two years. The first bench mark in this chain will be open in May this year. Crystal group`s spokesman has stated that the group will start from Baghdad and the name of the first hotel will be “The Crystal Grand Ishtar”. According to the report, Crystal Group is planning to open hotels in Karbala, Erbil, Basra and Suleimanya in the coming two years. More detail please visit here

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Updates About Denomination of Iraqi Dinar

Source by: Dinar Deal's Alert

URL: http://feedproxy.google.com/~r/DinarDealsAlert/~3/vX5wIQtFSkw/

Buyers of Iraqi Dinar are increasing day by day following the hype created by various reputed channels and online media. There was a time when Iraqi Dinar was not traded freely in the international financial markets, but after the establishment of a democratic government in Dec 2006, Iraqi Dinar started getting fame. People purchased millions of Iraqi dinars dreaming to be billionaire overnight. For more detail please Visit Here

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Iraq Stock Exchange Activities in March Last Week

Source by: Dinar Deal's Alert

URL: http://feeds.feedburner.com/dinardealsalert

Iraq Stock Exchange has announced its statistics of the last week of March. According to Iraq Business News, Rabee Securities Iraq Stock Exchange RSISX total shares traded in the last week of March are 19.4 billion. As mixed gossips are still on regarding the Iraq Budget 2013, nothing happened special in the ISX. For complete article Click Here

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Iraq Will Fulfill 40% of The World`s Oil Needs

Source by: Dinar Deal's Alert

URL: http://feedproxy.google.com/~r/DinarDealsAlert/~3/8w7MxHBZB7Q/

Oil companies of many countries are busy in doing agreements with Iraq in the field of oil and gas. Jordan, Syria, Indonesia, China and grand companies of United Arab Emirates are in the same boat in this regard. Contracts of billions of dollars have been made for several pipelines, discoveries and infrastructure. Iraq is the 2nd highest oil producer in the world after Saudi Arabia. For more detail Visit Here

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Iraq Boosts Gold Reserves

Iraq manufactured its first major relocate many years to improve the gold supplies, joining key banking institutions coming from growing market financial systems including Brazil along with Spain in diversifying their international reserves.

According to a report from the Lebanese Daily Legend, central standard bank has bought are already one of the greatest owners involving gold’s rally considering that 2010 - per year that observed main banking institutions turning internet consumers from the platinum initially by 50 % decades in the middle of increasing questions concerning the balance in the dollar as the world’s leading arrange currency exchange.

During the period of 3 months in between June and March this season, Iraq’s gold holdings quadrupled for you to 31.07 tonnes, your Worldwide Monetary Fund‘s month-to-month data document showed in Thurs.