Michigander0131 Articles and Chat 8/14/12 8 pm edt
[michigander0131] Issue no: 2555 Issue Date: 08/14/2012 day: Tuesday Revealed to the parliamentary committee that the integrity of the Iraqi Central Bank acknowledged the existence of entities operating times the value of Iraqi dinar against other currencies.
A member of the Shaker Disher said that "the deputy governor of Central Bank of Iraq told the Committee that there are actors worked to weaken the value of Iraqi dinar against other currencies through the withdrawal of large quantities of it from the market."
"We are now seeing an increase in the amount of supply of the dollar and its negative effects on the Iraqi dinar," noting that "there is a problem in the question of the independence of the Central Bank."
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He continued that "it is true that the Iraqi central bank is independent in everything because it affects negatively on the economic situation and economic policy of the State must be no consultation with the government." LINK
[michigander0131] this is a good article explaining that the cbi did withdrawl large amounts of the big notes from the streets and also re affirms that they are totally independent from goi
[michigander0131] 14/08/2012 12:06:00 BAGHDAD / NINA / Finance Minister Rafie al-Issawi discussed with the World Bank representative in Iraq, Mary Helen issues related to financial and economic matters. Issawi said during the meeting, according to a statement of his office that "Iraq needs the support and expertise of the World Bank to develop its financial and economic institutions," referring to " the importance of implementation of the agreements signed between the two sides on the cooperation of the World Bank with Iraq in order to promote its financial and economic fields to achieve better financial returns that provide economic prosperity of the country.
It is mentioned that Prime Minister Nuri al-Maliki discussed with Helen yesterday, "bilateral cooperation between the Bank and Iraq, as well as the Bank's support to Iraq in order to build a cohesive and strong economy." The two sides stressed the "need for Iraq to take advantage from experiences possessed by the World Bank and provide opportunities to train the cadres that will contribute in planning and managing the economy and develop move various sectors " / LINK
[michigander0131] looks like iraq is looking for help from imf and world bank to get their economy back on track
[michigander0131] 15/08/2012 0:00 On the occasion of Eid al-Fitr BAGHDAD - Al Sabah Cabinet decided to disable the official working in government departments next week on the occasion of Eid al-Fitr. Said government spokesman Ali al-Dabbagh said in a statement: The Council of Ministers decided in its meeting yesterday that the Eid holidays starting on Sunday,August 19 until 23 of the the same month, that always resume on Sunday, 26 this August.
Dabbagh said the council "set up a committee headed by the President of Supreme Audit and the membership of representatives of the Central Bank and the Secretariat and the Ministries of Finance and Trade to check the information received from the Bank of Iraq Trade and reservation benefits borrowers Almovin their obligations to the bank, and demand from the ministries checking accounts at the bank of the year 2005 until now positive or negative, non-submission of applications to open the LC / Bank / JP Morqan in London. "
"The Cabinet agreed to authorize the Minister on the validity of transfers between the annual allocations to projects not entail the development of a new project and within the total project costs in the event exceeded annual allocations for projects Managil it." LINK did not work
[michigander0131] Added 13/08/2012 Attorney Tai expresses his fear of fraud of the coin with the start of the deletion of zeros Add a comment Joseph Tai expressed on the mass of the Liberal MP for fear of fraud of the Iraqi currency with the start of the process of removing the zeros from the currency.
The Central Bank of Iraq confirmed that the project to delete the zeros from the currency will start in the new financial year starting in 2014 rather than the current year until the resolution of the subject and completed its aspects.
The deputy governor of Bank of the appearance of Mohammed Saleh in a statement to the National Iraqi News / Nina / "The reason to postpone the implementation of the project came to an end not necessary preparations in addition to the request of the Government of the bank to wait in its implementation." / End / LINK
[michigander0131] sure hope this one is total smoke
[michigander0131] should know in the next few days