Baghdad, Mar.4 p4
An authorized source at the Iraqi central bank emphasized that, the new forming of the monetary policy tools would share in enhancing ability of the banks in managing short liquid ratios
The source added that, the new policy would guiding according to the various changes including development degrees in offering the money and the ability of managing the liquid ratios besides the monetary policy tools a doubting by the bank it self.
He concluded that, the new arrangement includes working with money markets and finance papers to find san active system give trust in offering payment arrangements within a reasonable amount of the interest
http://www.alsabaah.com/paper.php?s...rpage&sid=38183
The Finance Minister Baqer Jabr Al-Zubaydi all ministries to direct the implementation of its plan for the current year, the Finance Minister emphasized the readiness of his ministry to provide support and help them, especially with regard to the projects of interest to citizens
The minister added that his ministry has a new fiscal policy to address inflation problems and the advancement of economic reality and service in the mishap and create all ways to for the success of that mission, pointing out that his ministry has launched a number of funds to begin implementing projects in Baghdad and other governorates.
http://64.233.179.104/translate_c?hl...language_tools
Internet on line accounts now available with Aman Financial Service Automation of ISX underway....Unconfirmed reports speak of endorsing Foreign Investment in ISX soon..
Abdul-Razzaq al-Abaiji, an economist, told VOI "the decline in today's demand for the dollar was due to the expectation that a new policy will be adopted by the Central Bank to raise the dollar exchange rate in upcoming sessions."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday
http://www.aswataliraq.info/modules...order=0&thold=0
To raise the change value of the Iraqi Dinar and to increase the interest rate of the Central Bank of Iraq.
The Central Bank of Iraq has assured that its activities in fulfilling its policy will take few months until there is an evidence in the direction of the inflation and its routes. There will be consideration to the conditions of pricing which get affected by temporary activities which happen every now and then and which result in increasing inflation specially caused by the flactuation of prices of fuel,transportation & communication, in addtion to the changeable of normal divisions in some of the sectors in the economics of Iraq.
It should not be ignored that the main inflation has shown some positive signs due the direct and indirect
causes in the main application of activities within the frame of the current economical policy.
The Central Bank of Iraq will work hard to lower inflation and face its directions and its causes to raise the value of the Iraqi dinar and its interest rate,until such a time when inflation will take its route downwards
which will help the whole economical stability and maintain the general growth of the economics of Iraqi.
The Central Bank of Iraq
Baghdad
March 11,2007
For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of Iraq's Unity Government, with these key decision makers participating with the full intent of establishing relationships and entering into contractual negotiations with all international operators wishing to be part of both the upstream and downstream sectors.
Iraq has the world’s second largest proven oil reserves and the Government is now finalising its new hydrocarbon laws, following the declaration of the investment laws for the extractive industries. The timing of this Summit could not be better.
The key decision makers from the Iraqi Government will be participating with the full intent of establishing relationships and entering into contractual negotiations with all international operators wishing to be part of both the upstream and downstream sectors.
New Dates Confirmed for Iraq Oil, Gas, Petrochemical & Electricity Summit following Government Consultation | Iraq Updates
Pointing out that the Iraqi Central Bank's decision to raise the value of the Iraqi dinar against the foreign currencies is a correct decision and the result of studies aimed to raise the value of a reduction in the purchasing power of the Iraqi people before everything else.
The main text of the Compact
has been approved and finalized;
background material can be found at
International Compact with Iraq. The GOI would like
to conclude the Compact during a ministeriallevel
event in spring 2007. To facilitate that
objective, Prime Minister Maliki has asked
UN Secretary General Ban Ki-Moon to host a
sub-ministerial meeting in New York to finalize
the Compact text and secure commitments
from international partners.
The Central Bank of Iraq Denies Change Dinar Early Next Year
Safed Alsamuk-Baghdad
The Iraqi Central Bank denied that the change of the local currency within the current Iraqi actions he intends to begin work so as to meet the economic inflation in Iraq with the beginning of the year 2007.
The official spokesman said told ((today)) announced yesterday that there is no intention to change the Iraqi dinar at the moment, He refused to disclose whether there were any similar intention in the near future, after the Financial experts recommended deleting three zeroes from the Iraqi dinar after the American dollar to her and about a thousand dinars.
The spokesman noted that the launching of the issuance of new categories of the Iraqi currency into circulation depends on the requirements of the Iraqi economy to meet the expenses of the state in the coming stage, especially local supervision of the banking activity by the central bank and means of reform...