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Monthly Archives: July 2011
The changing currency project has not yet been implemented
CBI denied the affirmation that the postponement of the project of zeros deletion from the Iraqi Dinar occurred due to the existence of counterfeit currency. Mohammed Saleh announced that the project was still available only the printed bills did not … Continue reading
Posted in iraqi dinar, iraqi dinar revaluation, iraqi dinars
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The level of development decreased in Iraqi provinces
Osama Najafi, the president of the Council of Representatives, expressed his concern about the declension of development in the Iraqi provinces due to the federal authority attempt to achieve the governmental power. He stressed the need to provide support and … Continue reading
Posted in iraqi dinar, iraqi dinars
0
The proposal of a currency union is increasingly unpredictable
The proposal of a currency association is no longer a valuable option due to the uncertain future of the Eurozone. In order to define this issue, it must be analyze the benefits and the reason which led to the declension … Continue reading
Posted in iraqi dinar, iraqi dinars
0
An al-Mansour Bank branch opened in the capital of Islamic culture
The Al-Mansour Bank opened in Najaf has a capital estimated at 100 billion Iraqi dinars. The Al-Mansour Bank provides to the capital of the Islamic Culture 2012 services, loans, foreign and local investment due to its capital of billion Iraqi … Continue reading
Posted in iraqi dinar, iraqi dinars
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Benefits and disadvantages of removing zeros from the currency
The process of removing zeros from the currency divided the population into two branches: those who were suspicious and those who supported the process aiming the decrease of inflation. The Central Bank adviser, Mohammed Saleh said that the current form … Continue reading
Posted in iraqi dinar, iraqi dinar revaluation, iraqi dinars
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The executive and legislative branches asked for a delay in the process of changing currency
The Central Bank adviser, Mohammed Saleh announced the decision to delay the change of currency due to conflicts and economic issues which this project involves. He also pointed out that the advantages of changing currency were the improvement of the … Continue reading
Posted in iraqi dinar, iraqi dinars
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New Iraqi Economic reports
The economic expert, Sumaisem explained that the process of introducing coins would control the inflation and improve the Iraqi Dinar value. CBI decided to appeal to this process in order to restructure the currency and support the Iraqi dinar value … Continue reading
Posted in iraqi dinar, iraqi dinars
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The private banks sector tries to escape the state control
The banking system is facing consequences of the long decades of state control dominance and is trying to increase capital to deal difficult tasks. The financial sector is developing slowly due to the lack of an efficient banking system and … Continue reading
Posted in iraqi dinar, iraqi dinars
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Plans for economic reconstruction
Economic analysts invited international companies to invest and help develop plans for the economic reconstruction of Iraq and to help reestablish the Iraqi Dinar value. Abdul Salem and Latif affirmed during a press statement that the involvement of foreign companies … Continue reading
Posted in iraqi dinar, iraqi dinars
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The conference of ambassadors reveals the financial position of Iraq
The third conference of ambassadors was lead by the Central Bank Governor, Sinan Shabibi who presented the financial position of Iraq and discussed the need to improve the Iraqi economy and the relationship with neighboring countries. During the conference, the … Continue reading
Posted in iraqi dinar, iraqi dinars
0