Unlike political economist on the deletion of zeros from the currency, and experts are putting the decision, however, the central
20/09/2014 11:58
CDs of the Iraqi currency in a bank
Long-Presse / Baghdad
Counting Economists, on Saturday, the deletion of zeros from the Iraqi currency trend "sensitive and dangerous" in light of the situation, which passes through the country, while others stressed that the process is left to the decision of the CBI for being concerned only in the monetary policy of the country, he stressed deputies in the Parliament on the need to The process of deletion of zeros according to the techniques and procedures intact.
He said the former deputy governor of the Iraqi Central Bank Mazhar Mohammad Saleh in an interview to the (long-Presse), "The time is not ripe for the implementation of the policy of the central bank with regard to the deletion of zeros from the local currency, because this process needs for political and security stability, and Iraq today are exposed to terrorize large and fierce war , "noting that" the process of monetary reform of this magnitude take place in conditions of peace and economic growth, great. "
Saleh added that "this issue is sensitive and dangerous and should be avoided, and can be applied at least in the medium term through the next two years."
For his part, Undersecretary of the Ministry of Planning Mahdi Keywords in an interview to the (long-Presse), that "this issue is linked to the expertise and advice that enjoyed by the CBI when it decides to delete the zeros."
He explained: "It perhaps this trend is not a priority for the central bank during this period," attributing it to "the lack of significant effects for the deletion of zeros on the overall economic activity now."
He pointed out that the relationship "This measure is a phenomena that must pay attention to it Petrhik display the currency."
For his part, President of the Association of Iraqi banks Adnan Chalabi said in an interview to the (long-Presse), "The process of deleting the zeros belonging to the Central Bank of Iraq alone," noting that "this process needs to techniques and technical aspects, we can not interfere with the central bank is alone on this It's because it is monetary policy. "
In turn predicted MP Ali Fayad said in an interview to the (long-Presse), that "the times ahead may provide a base for building a new economy by changing the currency and delete the zeros of some of them."
Fayad confirmed that "This measure will give durability and strongly hopeful Iraqi currency," stressing the need to "subject to mechanisms and relevant experts in the field of banking and monetary aspects of the economy, and must be accurate so as not to affect the local economy."
For his part, former MP Abdul Xiaa Sudanese in an interview with the (long-Presse), said that "it is very important that the current government to delete the zeros from the currency," noting that "the previous government was not able to perform this operation, although it reached its final stages, but fell After that deteriorated the Iraqi currency in 2012. "
He pointed out that the Sudanese "the deletion of zeros from the currency needs to stabilize the currency and this is currently available in Iraq."
The Finance Committee of the House of Representatives unveiled in the former, (August 15, 2013), the postponement of the process of deletion of zeros from the currency until after the next parliamentary elections, while confirming that the government has demanded guarantees for the non-return of the currency markets and substituted falsified.
The CBI emphasized, in the (April 25, 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying the reports in this regard.
Referred to the General Secretariat of the Council of Ministers announced (April 12, 2012), wait for the application process to delete the zeros from the national currency, which had to stop all actions relating to the operation mentioned until further notice.
It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to stabilize the security and political as well as economic stability. The CBI emphasized, (in the July 3, 2013) that Iraq is "in control of his money and treasury of gold" in global banks, one of the acting out, denying "the existence of frozen funds outside the control of the Iraqi administration," While revealed that the Bank reserves amounted to (76) billion dollars in the month of May last year, counting out of Chapter VII that "Iraq will allow for more freedom to act to attract foreign investment."
The International Monetary Fund, announced, in the (March 23, 2013), that the financial balances preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and the cash reserves of the Central Bank of hard currency to 70 billion dollars, and pointed out that this increase came from the "revenue oil unexpected ", called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for the strengthening of Iraq's public financial institutions to ensure efficiency and transparency in the use of oil revenues.
They expected the American Agency for International Development, in (December 3, 2012) that leads the Iraqi economy, the Arab countries during the five years, asserting that Iraq possessed all the qualifications to be a powerful country economically. Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry, especially those related to oil, housing, and oil and gas extraction, and to his need of the funds needed for infrastructure development and reconstruction, but observers contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees large investors and the absence of Other laws are still obstacles to the development of the economy in the form required.
Depends Iraq, which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about 2.0009 million barrels a day, while the issue up to 2.0002 million barrels a day.
The UN Security Council votes, Thursday (the 27th of June 2013), a unanimous decision to remove Iraq from Chapter VII, after more than two decades of sanctions imposed in the wake of which the invasion of the former regime of Kuwait in the second of August, 1990.
[You must be registered and logged in to see this link.]
20/09/2014 11:58
CDs of the Iraqi currency in a bank
Long-Presse / Baghdad
Counting Economists, on Saturday, the deletion of zeros from the Iraqi currency trend "sensitive and dangerous" in light of the situation, which passes through the country, while others stressed that the process is left to the decision of the CBI for being concerned only in the monetary policy of the country, he stressed deputies in the Parliament on the need to The process of deletion of zeros according to the techniques and procedures intact.
He said the former deputy governor of the Iraqi Central Bank Mazhar Mohammad Saleh in an interview to the (long-Presse), "The time is not ripe for the implementation of the policy of the central bank with regard to the deletion of zeros from the local currency, because this process needs for political and security stability, and Iraq today are exposed to terrorize large and fierce war , "noting that" the process of monetary reform of this magnitude take place in conditions of peace and economic growth, great. "
Saleh added that "this issue is sensitive and dangerous and should be avoided, and can be applied at least in the medium term through the next two years."
For his part, Undersecretary of the Ministry of Planning Mahdi Keywords in an interview to the (long-Presse), that "this issue is linked to the expertise and advice that enjoyed by the CBI when it decides to delete the zeros."
He explained: "It perhaps this trend is not a priority for the central bank during this period," attributing it to "the lack of significant effects for the deletion of zeros on the overall economic activity now."
He pointed out that the relationship "This measure is a phenomena that must pay attention to it Petrhik display the currency."
For his part, President of the Association of Iraqi banks Adnan Chalabi said in an interview to the (long-Presse), "The process of deleting the zeros belonging to the Central Bank of Iraq alone," noting that "this process needs to techniques and technical aspects, we can not interfere with the central bank is alone on this It's because it is monetary policy. "
In turn predicted MP Ali Fayad said in an interview to the (long-Presse), that "the times ahead may provide a base for building a new economy by changing the currency and delete the zeros of some of them."
Fayad confirmed that "This measure will give durability and strongly hopeful Iraqi currency," stressing the need to "subject to mechanisms and relevant experts in the field of banking and monetary aspects of the economy, and must be accurate so as not to affect the local economy."
For his part, former MP Abdul Xiaa Sudanese in an interview with the (long-Presse), said that "it is very important that the current government to delete the zeros from the currency," noting that "the previous government was not able to perform this operation, although it reached its final stages, but fell After that deteriorated the Iraqi currency in 2012. "
He pointed out that the Sudanese "the deletion of zeros from the currency needs to stabilize the currency and this is currently available in Iraq."
The Finance Committee of the House of Representatives unveiled in the former, (August 15, 2013), the postponement of the process of deletion of zeros from the currency until after the next parliamentary elections, while confirming that the government has demanded guarantees for the non-return of the currency markets and substituted falsified.
The CBI emphasized, in the (April 25, 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying the reports in this regard.
Referred to the General Secretariat of the Council of Ministers announced (April 12, 2012), wait for the application process to delete the zeros from the national currency, which had to stop all actions relating to the operation mentioned until further notice.
It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to stabilize the security and political as well as economic stability. The CBI emphasized, (in the July 3, 2013) that Iraq is "in control of his money and treasury of gold" in global banks, one of the acting out, denying "the existence of frozen funds outside the control of the Iraqi administration," While revealed that the Bank reserves amounted to (76) billion dollars in the month of May last year, counting out of Chapter VII that "Iraq will allow for more freedom to act to attract foreign investment."
The International Monetary Fund, announced, in the (March 23, 2013), that the financial balances preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and the cash reserves of the Central Bank of hard currency to 70 billion dollars, and pointed out that this increase came from the "revenue oil unexpected ", called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for the strengthening of Iraq's public financial institutions to ensure efficiency and transparency in the use of oil revenues.
They expected the American Agency for International Development, in (December 3, 2012) that leads the Iraqi economy, the Arab countries during the five years, asserting that Iraq possessed all the qualifications to be a powerful country economically. Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry, especially those related to oil, housing, and oil and gas extraction, and to his need of the funds needed for infrastructure development and reconstruction, but observers contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees large investors and the absence of Other laws are still obstacles to the development of the economy in the form required.
Depends Iraq, which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about 2.0009 million barrels a day, while the issue up to 2.0002 million barrels a day.
The UN Security Council votes, Thursday (the 27th of June 2013), a unanimous decision to remove Iraq from Chapter VII, after more than two decades of sanctions imposed in the wake of which the invasion of the former regime of Kuwait in the second of August, 1990.
[You must be registered and logged in to see this link.]
Yesterday at 5:11 pm by Rocky
» Sudanese advisor criticizes Kuwaiti analyzes regarding the development road project
Yesterday at 2:21 pm by Rocky
» Al-Mandalawi stresses the need to strengthen economic and trade cooperation between Iraq and Poland
Yesterday at 2:04 pm by Rocky
» Power maneuvers: America provides defensive weapons to Kurdistan in exchange for withholding from Ba
Yesterday at 10:26 am by Rocky
» Kuwait is drilling an oil well near Umm Qasr, towards Iraqi territory
Yesterday at 10:24 am by Rocky
» In the document... the first Iraqi ministry identifies the obstacles to changing the new official wo
Yesterday at 10:22 am by Rocky
» Italian Institute: Iraq is stuck in its own crises, including Baghdad’s efforts to undermine the “au
Yesterday at 10:21 am by Rocky
» The head of the Integrity Commission announces the holding of an international Interpol conference i
Yesterday at 10:18 am by Rocky
» Planning: Iraqi companies are not efficient in conducting the population census
Yesterday at 10:14 am by Rocky
» utube MM&C 4/24/24 Support - USA- Turkey - Timing- Currency Value - Tabled
Yesterday at 8:08 am by Rocky
» MM&C 4/25/24 National Bank of Iraq goes live with Temenos core banking and payments
Yesterday at 8:06 am by Rocky
» A banking official indicates a "danger" to Iraq by depriving more than half of its banks of dollars
Yesterday at 7:55 am by Rocky
» With the participation of the Association of Private Banks, investment opportunities are on the tabl
Yesterday at 7:45 am by Rocky
» Within a month... an Iranian border crossing recorded a noticeable increase in exports of goods to I
Yesterday at 7:44 am by Rocky
» The Association of Private Banks appreciates the efforts of the government and the Central Bank to c
Yesterday at 7:43 am by Rocky
» Al-Maliki's coalition presents a third candidate for the position of governor of Diyala
Yesterday at 6:57 am by Rocky
» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
Yesterday at 6:56 am by Rocky
» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
Yesterday at 6:54 am by Rocky
» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
Yesterday at 6:53 am by Rocky
» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
Yesterday at 6:51 am by Rocky
» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
Yesterday at 6:49 am by Rocky
» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
Yesterday at 5:09 am by Rocky
» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
Yesterday at 5:08 am by Rocky
» Iraq's oil exports rise despite OPEC+ cuts
Yesterday at 5:06 am by Rocky
» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
Yesterday at 5:04 am by Rocky
» Al-Araji emphasizes working to strengthen national identity
Yesterday at 5:02 am by Rocky
» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
Yesterday at 5:01 am by Rocky
» Iraq is talking about producing one million additional liters of gasoline
Yesterday at 4:59 am by Rocky
» The Council of Ministers approves the implementation of the Baghdad Metro project
Yesterday at 4:56 am by Rocky
» Minister of Commerce: We formed a joint economic committee with Türkiye
Yesterday at 4:55 am by Rocky
» Resources: Government measures have contributed to improving the water situation in Iraq
Yesterday at 4:53 am by Rocky
» Parliamentary Finance: Baghdad will continue to send salaries to the region’s employees until settle
Yesterday at 4:51 am by Rocky
» A parliamentarian describes the corruption of Iraqi ports as “ghouls” and reveals the involvement of
Yesterday at 4:49 am by Rocky
» Obelisk Hour: Basra is the subject of political conflict and ambiguity over the fate of the funds al
Yesterday at 4:48 am by Rocky
» Turkmen leader: An agreement on the local government of Kirkuk is near
Yesterday at 4:45 am by Rocky
» Anbar calls for the operation of its factories despite financial obstacles
Yesterday at 4:44 am by Rocky
» Turki: The crisis of the Presidency of Parliament prompted the Sunnis to amend the Council’s interna
Yesterday at 4:43 am by Rocky
» The Agriculture Committee confirms the existence of Iraqi-Turkish-Iranian discussions on water
Yesterday at 4:42 am by Rocky
» Resources diagnose the challenges facing the water file in Iraq
Yesterday at 4:38 am by Rocky
» Parliament pledges to the Interior Ministry: We will transfer money to buy weapons from citizens
Yesterday at 4:33 am by Rocky
» Al-Issawi is the closest.. Parliament sets the date for deciding the choice of the new president
Yesterday at 4:31 am by Rocky
» Deputy: Iraq's investments have risen and need a comprehensive review of previous years
Yesterday at 4:30 am by Rocky
» Iraqis consume 7 billion eggs annually and import about $900 million
Yesterday at 4:28 am by Rocky
» The Iranian role complicates attempts at open cooperation between Iraq and Turkey. Turkey is trying
Yesterday at 4:26 am by Rocky
» Move in Iran to obtain $242 billion from Iraq in compensation for the eight-year war
Yesterday at 4:25 am by Rocky
» 12 decisions from the Council of Ministers regarding the Baghdad Metro and Najaf-Karbala train proje
Yesterday at 4:23 am by Rocky
» Sudanese Advisor: The path to development has begun... the Baka and the militias “we silence them wi
Yesterday at 4:21 am by Rocky
» Not from Kurdistan.. How did Iraq become a source of oil for “Israeli tanks”?
Yesterday at 4:19 am by Rocky
» Parliamentary Agriculture criticizes the Sudanese and Erdogan agreement: Türkiye will control water
Yesterday at 4:16 am by Rocky
» The Iraqi government issues new decisions
Thu 25 Apr 2024, 2:35 pm by Rocky
» The story of “reduced oil” to Jordan, from “compulsion” to mutual benefit.. Is there a loss?
Thu 25 Apr 2024, 2:33 pm by Rocky
» The Council of Ministers takes 12 decisions for the Baghdad Metro and the Najaf-Karbala train
Thu 25 Apr 2024, 2:32 pm by Rocky
» utube MM&C 4/23/24 Iraqi Dinar - IQD Update - Development Road Project - Saviour of Global Banking
Thu 25 Apr 2024, 10:18 am by Rocky
» Kidney from pig transplanted into deathly ill New Jersey woman — and begins working almost immediat
Thu 25 Apr 2024, 10:15 am by Bama Diva
» The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an
Thu 25 Apr 2024, 9:48 am by Rocky
» Trade from the “Economic Committee” with Türkiye: It will overcome all obstacles facing the traders
Thu 25 Apr 2024, 9:46 am by Rocky
» Washington's hope for stable relations with Baghdad clashes with Iraqi parties' rejection of the Ame
Thu 25 Apr 2024, 9:41 am by Rocky
» Karim Badr: Development is America’s will to kill silk
Thu 25 Apr 2024, 9:36 am by Rocky
» Oil: Opening of a new port for liquid gas for vehicles in Baghdad
Thu 25 Apr 2024, 9:33 am by Rocky
» A media advisor warns of corruption in a draft law on the Parliament’s agenda
Thu 25 Apr 2024, 9:21 am by Rocky
» Economist: There is serious work to lift US sanctions on Iraqi banks
Thu 25 Apr 2024, 9:16 am by Rocky
» Will the agreements signed with the US Treasury reflect positively on the exchange rates?
Thu 25 Apr 2024, 7:52 am by Rocky
» Iraq continues its quest to join the World Trade Organization
Thu 25 Apr 2024, 7:51 am by Rocky
» Iraq completes the completion of the files for the initial offer of goods and services to join the W
Thu 25 Apr 2024, 7:50 am by Rocky
» Economist: Travelers' dollars are leaking into the parallel market...and this is what the Central Ba
Thu 25 Apr 2024, 7:32 am by Rocky
» President of the Federal Court: It is not permissible to force anyone to join any party, and the pol
Thu 25 Apr 2024, 7:30 am by Rocky
» The Council of Ministers holds its session headed by Al-Sudani
Thu 25 Apr 2024, 7:27 am by Rocky
» America weakens Baghdad...and increases Kurdistan's military capabilities
Thu 25 Apr 2024, 7:26 am by Rocky
» The Iraqi government plans to build 10,000 schools throughout the country
Thu 25 Apr 2024, 7:23 am by Rocky
» American threats close the Iraqi Stock Exchange at a loss
Thu 25 Apr 2024, 7:21 am by Rocky
» Increase in external transfers at the Central Bank
Thu 25 Apr 2024, 7:20 am by Rocky
» Al-Maliki calls on Britain to cancel restrictions on the entry of its companies into Iraq
Thu 25 Apr 2024, 7:18 am by Rocky
» Planning and the European Union are discussing signing a number of agreements in the development, en
Thu 25 Apr 2024, 7:16 am by Rocky
» Parliament talks about the mechanism for recovering smuggled funds and hints at the next stage
Thu 25 Apr 2024, 7:13 am by Rocky
» Interior Ministry: The number of completed national cards reached 37 million cards
Thu 25 Apr 2024, 7:06 am by Rocky
» Amnesty International: Violations of freedom and human rights continue in Iraq and the Kurdistan Reg
Thu 25 Apr 2024, 7:04 am by Rocky
» Parliamentary Oil: The government is proceeding with the decision to raise the price of improved gas
Thu 25 Apr 2024, 7:03 am by Rocky
» A parliamentary committee in Basra to investigate violations of the port company and the local gover
Thu 25 Apr 2024, 7:00 am by Rocky
» Revealing the 10 most important American exports to Iraq
Thu 25 Apr 2024, 5:31 am by Rocky
» A noticeable increase in the rate of Iraq's import of Chinese cooling devices
Thu 25 Apr 2024, 5:30 am by Rocky
» Prime Minister: Working on projects without completing the infrastructure is a waste of money
Thu 25 Apr 2024, 5:28 am by Rocky
» Iraq.. Extending the deadline for registration procedures on plots of land
Thu 25 Apr 2024, 5:27 am by Rocky
» What is the main purpose of conducting the population census in Iraq?
Thu 25 Apr 2024, 5:25 am by Rocky
» A plan to transform Iraq from a barren land to green with 5 million trees
Thu 25 Apr 2024, 5:24 am by Rocky
» The Housing Fund announces the acceptance of more than 11 thousand loans through the Ur platform
Thu 25 Apr 2024, 5:23 am by Rocky
» The Bank of Baghdad is moving to increase its capital to 400 billion dinars
Thu 25 Apr 2024, 5:20 am by Rocky
» The electronic payment system will soon be adopted on Iraqi buses
Thu 25 Apr 2024, 5:19 am by Rocky
» “It threatens our interests and destroys our economy.” An Iraqi project “irritates” the Kuwaiti stre
Thu 25 Apr 2024, 5:18 am by Rocky
» Warning from the Central Bank about “misuse of electronic payment cards”
Thu 25 Apr 2024, 5:17 am by Rocky
» Iraq and the Sultanate of Oman are discussing sending capacities through the Gulf countries
Thu 25 Apr 2024, 5:16 am by Rocky
» The fact that a decision was issued to deport Syrian workers from Iraq
Thu 25 Apr 2024, 5:14 am by Rocky
» Rice comes first... America exports 10 foodstuffs worth more than 350 million dollars to Iraq
Thu 25 Apr 2024, 5:14 am by Rocky
» A sixth licensing round for gas exploration
Thu 25 Apr 2024, 5:12 am by Rocky
» Baghdad is preparing to host the 50th session of the Arab Labor Conference
Thu 25 Apr 2024, 5:11 am by Rocky
» Scientific symposium on the future vision of the tripartite budget
Thu 25 Apr 2024, 5:09 am by Rocky
» Five conversion power stations enter service in Najaf
Thu 25 Apr 2024, 5:08 am by Rocky
» Planning: Conduct a population census next November
Thu 25 Apr 2024, 5:07 am by Rocky
» Experts: Spreading misleading information harms development and investment
Thu 25 Apr 2024, 5:03 am by Rocky
» Economists call for tightening money laundering laws and port controls
Thu 25 Apr 2024, 5:02 am by Rocky