CBI confirms its intention to reduce its sales of hard currency

 

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Economy News / Baghdad .. He administrative department at the Central Bank director favor Mahood in a televised interview that the Central Bank of Iraq, we will meet soon with the IMF to obtain a long-term loan He noted that the central Mahood intends to reduce its sales to the dollar by 50% for the current year 2016 and that the management of the bank center works on the audit only in the currency auction does not put restrictions on the sale or transfer Director General of the Administrative Department of the Central Bank of Iraq, said that talking about it Cancel Special Design central bank designed by the architectural Iraqi Zaha Hadid is supported by the administration at the central bank will begin work after choosing the right company to work in the coming months
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Governor of the Central Bank of Iraq calls for finding a formula of understanding between the government and the judiciary and the private banks

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BAGHDAD / special / Economy News He called on the Governor of the Central Bank of Iraq on the Keywords to find a formula common understanding between the government and the judiciary and the private banks to overcome the obstacles and legal problems facing the latter. He explained in a statement to delegates Agency / Economy News / on the sidelines of Matmralamal and business, which concluded in Beirut recently, as to should not be Aathersu understanding of the private banks, stressing the importance of finding a formula for common understanding between all these parties / government, the judiciary, private banks /. And saw the central bank governor that some of the terms and Altaaperalta became current in the financial and banking sector, such as / money laundering and the smuggling of money /, are Gerdqiqh, making this sector Affect dramatically, calling to find a common understanding towards them, noting that these terms Tatbergdidh not only on Iraq, but on the whole world. He explained that the complications caused by the inaccuracy of these terms have become a major obstacle to the financial and banking sector, and in front of the movement of funds and Alastosmarayda / So we need to find a common understanding towards them /, considering holding a joint workshop between the parties concerned, in this area is useful. is o

http://economy-news.net/content.php?id=2520

World Gold falls to lowest level in a week with the rise of the dollar

 

History of edits:: 23.3.2016 13:33 • 78 visits readable

[Where – Follow – up]
Gold fell to its lowest level in a week on Wednesday strongly influenced by the dollar , which overcame aslight increase in the attractiveness of the precious metal as a safe haven after attacks on airports and subway station at rush hour in Brussels.

During the night supported by news Belgium attacks and comments hawkish Federal Reserve official [Fed] dollar while damped trajectory raise Osar US interest propensity for investment gold.
Fell Spot gold and one percent to $ 1235.36 an ounce [ounce] time 0634 GMT. Prices fell earlier to its lowest level since 16 March , to $ 1231.60 amid selling to take profits before the start of the Easter holiday on Friday.
Gold fell in the Futures US contracts and one percent to $ 1235.80 an ounce.
Fell spot price of platinum and one percent , also to $ 981.2 an ounce and palladium fell 1.5 percent to $ 594 an ounce.

http://www.alliraqnews.com/modules/news/article.php?storyid=33612

Iraqi and US troops hold joint naval exercise

 

History of edits:: 23.3.2016 14:10 • 101 visits readable

[Where – Baghdad]
carried out two of the Iraqi and US joint naval exercise in the southwest province of Basra.

According to a defense ministry statement received by all of Iraq [where] a copy of the “Heroes of theleadership of the naval force and coastal defense have carried out a joint exercise between the Iraqi Navy and the Navy of the US side southwest of Basra oil port outside the territorial waters to 28 nautical miles.
” It was on exercise first aid name where the application of the exercise in the presence of Colonel maritime Dean singer Taher of the Maritime training Directorate and a number of the ship ‘s crew officers 401 boat patrol 301 and a number of marine college students and a number of vocational training center maritime students in coordination with the American destroyer [Kervla] in the presence of the liaison officer from theAmerican side dish and exercise a high level of precision in execution. ”

http://www.alliraqnews.com/modules/news/article.php?storyid=33617

Iraq and Iran sign a memorandum of understanding for cooperation banking

 

History of edits:: 23.3.2016 13:09 • 58 visits readable

[Where – Follow – up]
conservative central banks in Iraq and Iran signed a memorandum of understanding for banking cooperation between the two countries.

According to the agency Fars Search Governor of the Central Bank of Iran , ” the Crown of God sword” during his visit to Baghdad with his Iraqi counterpart Ali Mohsen Keywords ways to develop banking cooperation between Iran and Iraq. The
two sides also discuss the opening of bank accounts , mutual local and foreign currencies, as well as ways tofacilitate trade cooperation through the provision of services banking. the
two sides also touched on the electronic link for the banks and the possibility of the use of visitors and travelers for banking cards in both countries.
the two banks currently active Iranians in Iraq and there are joint bank between the two countries.

http://www.alliraqnews.com/modules/news/article.php?storyid=33604

Central plans to borrow two billion dollars from the International Monetary

 

Economy

Since 23/03/2016 13:45 (Baghdad time)

Special – balances News

The Commission on the economy and investment representative, Wednesday, that the money that the central bank intends to borrow from the International Monetary Fund and very little in terms of time or interest, noting that it needs to wise administration to exploit them as the best actor.

He said committee member Najiba Najib, L / balance News / “The loans, which announced the Governor of the Central Bank on the Keywords for near obtained from the International Monetary Fund is not to exceed US $ two billion,” noting that “it is very easy in terms of duration and interest resulting from them.”

Najib added that “these loans show that the government is at a sensitive stage and is in dire need of money, especially since the wars with Daash still exist.”

Najib and demanded that “there is a quota for the Kurdistan region of those loans allocated to the staff of the province of Kurdistan and the Peshmerga forces.”

Najib stressed that “for the Avaidh of those loans unless there is a government department (wise) and is able to manage them effectively.”

The governor of the central bank on the Keywords, was revealed Wednesday in a television interview that Iraq would soon meet with the IMF to obtain a long-term loan, noting that Iraq has the right to give assistance and convenience when going through a crisis. is over

By: Ahmed Zmim

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