Central Bank: the acceptance of a new Iraqi BIS deposits «win-win»
Tuesday – January 7 (January 2014)
BAGHDAD – World
He CBI, the Bank for International Settlements declaration accepting deposits and additional “win-win situation” for the country, and called for investment in order to achieve comprehensive development in the government and private banks and adhere to international standards in preparation for a credit rating.
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About the issuance of a new Iraqi currency .. Soon
BAGHDAD / Golden safe
CBI seeks to delete three zeros from the Iraqi currency since 2003. A project that raises many concerns on the street level and the business community of Iraq, and it seems economists are divided between supporters of the project see it as an opportunity to reduce the rates of inflation and unemployment, among forewarned of economic shocks may dominate the Iraqi market due to the application of this project.
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A member of the parliamentary economy is expected to work the project raise zeros from the currency early in 2015
Sunday, 22 December 2013 07:30
[Baghdad - where]
Expect a member of the Committee on the economy and investment parliamentary Aziz Sharif Mayahi work project raise zeros from the local currency in early 2015.
It is said that the CBI has been teaching for more than two years, the issue of lifting the zeros from the Iraqi currency, but so far has not taken a firm decision in this regard.
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CBI ORGANIZING A CONFERENCE FOR THE FINANCIAL SECTOR IN DUBAI EARLY NEXT YEAR
Iraqi Central Bank announced on Tuesday, for the organization (the Second Annual Conference of the financial sector in Iraq), the end of next January 2014 in Dubai. The governor of the CBI and the Agency, Abdul-Basit Turki, according to the Web site reported “medal East Bzenz News” economic news, and seen it,
“Awan” “The Bank will organize the second annual conference of the financial sector in Iraq, in the Emirate of Dubai for a period of from 27 to January 28 2014 next, “noting that” the conference will be held with the participation of Iraqi officials and personalities from leading international experts in the field of banking, and financial executives to discuss financial investment opportunities available in Iraq. ”
He said Turki, “The conference will serve as a commercial site for the reception of foreign delegations and a rallying point for international investors seeking to implement commercial projects in Iraq,” noting that it “will provide a springboard to discuss the four-pronged task derived from the fact that rising energy to power the growth of economic development in Iraq, which includes resources and infrastructure Finance for major local projects, and the current status of the Iraqi banking sector, as well as the participation of foreign lenders and their role in supplying the projects. ”
The Governor of the CBI and the Agency, that “the central bank began its activity to launch a massive program to attract foreign investments to Iraq with paving the way for the entry of banks and foreign financial institutions,” pointing out that “the CBI will present at the conference strategy for the development of the financial and economic situation in Iraq, to ??highlight the importance of the role foreign companies in the domestic banking sector growth and development. ”
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