Financial expert: the dinar to the economic stability needed to be a desirable out of Iraq

Wednesday 07/04/2012 12:10

Baghdad (news) .. Financial expert, attributed the beneficial Elias Abou, the cause of the unwillingness of countries in the world to deal with the Iraqi dinar exchange rate to fluctuate in front of hard currency and the absence of political and economic stability in the country.
He said Abbou (of the Agency news) on Wednesday: The monetary policy pursued by the central bank responsible for rejection of the regional countries and international dealing in Iraqi dinars, because they do not allow the exit of large amounts of local currency abroad and restricted passengers to take limited amounts of the dinar when traveling.

He added that the Central Bank of afraid to enter the counterfeit currency when allowing entry and exit of the Iraqi currency, but allowed to get out of the country will force countries to deal with and become internationally accepted and has a real value against other currencies.

And: that the Iraqi dinar needs political stability and economic and financial goal to diversify revenue and increase total production of the country and maintain its exchange rate against the dollar, foreign currency in order to become an international currency dinar desirable in all countries of the world.

Often complain of Iraqi pilgrims and travelers from non-treated countries in the world, especially neighboring countries in Iraqi currency abroad for fear of fraud or speculation, as well as the continued decline of the value of the dinar against the dollar. / Finished / 8. D. Q /

 

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New year .... A new currency

 

Iraq's new currency

Said a member of the Finance Committee of the Iraqi parliament that the new currency will enter circulation in the markets and will be taken a thousand dinars from the citizen for one dinar.

She Najiba Najib Albamrna member of the Finance Committee in the Iraqi parliament that the new currency will enter the circulation from the beginning of the year 2013 and will be removed Asfarha "and will enter the dinar metal and 50 dirhams and 25 dirhams market and will be replaced by the dinar per one thousand dinars, and will be the 25 thousand dinars to 25 dinars." .

It confirmed that the language "Kurdish, Arabic and English" will be on the currency will be charged images of the resorts and the deportation of the Kurds of Kurdistan, but the deal Faili old currency will continue for a period of two years from the issuance of new currency.

According to Najeeba "I have been diagnosed with a number of European companies and U.S. for the work of the new currency and to avoid fraud and will be approving the budget of 2013 on the basis of the new currency."

There have been changes to the post-2003 Iraqi currency are translated to 1000 dinar dinars were printed like the old currency.

After entering the circulation for nearly ten years face many of the economics profession, criticism to increase the zeroes on the currency and considered a reason for rise in prices in the markets and lack of appreciation of the currency of other countries, and decided to Parliament and the Central Bank of Iraq to change the currency to what it was without the zeros.

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Central Bank introduces a way to follow up the disbursement of funds abroad and to prevent smuggling

Thursday, 05/07/2012

Baghdad (news) .. Deputy Governor of the Central Bank of the appearance of Mohammed, the granting of banks licensed to sell hard currency the responsibility of checking foreign currency transferred abroad for treatment or travel or trade, to reduce the smuggling of hard currency.
Saleh said (of the Agency news) on Thursday: The central bank can not monitor all funds that come out of the country Vtm develop a way to follow up on how to spend money abroad by giving banks approved the sale of hard currency audit function by grading the banks and divided according to their capital.

He explained: The division of banks into four models according to their capital in order to compete with each other and also to know the amount of currency, which pumps it a week from the central bank, is required each bank to sell a limited amount of currency mismatch with a capital of more than (150) billion dinars, and banks with capital (150) billion dinars, and the other without (150) billion dinars, as well as Arab and foreign banks, each of which compel the merchant or traveler to open his adoption of a bank or convert a document in the bank trader with him for the money transfer him to the outside.

And he continued, as well as requiring customers two weeks after the conversion process brought detect particular foreign bank stating that currencies have been converted to a specific destination identified in the file transfer of credit to the bank for the purpose of knowledge of aspects of exchange abroad, and to curb the smuggling of currency or money laundering.

It is noteworthy that the central bank granting permission for (25) private banks to sell the dollar at the price determined by the process shall be conducted in accordance with the regulations and specific conditions, and gives each bank a week million and (250) thousand dollars, and the price fixed for the sale of the dollar by the Central (1179), while banks sell to citizens at the price (1189) to be the rate of profit for banks (10) dinars. / Finished / 8. d. Q /

 

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Member of Finance Committee: The new currency will be charged (36) security feature to prevent forgery

Thursday, 05/07/2012


 
Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Haitham al-Jubouri, the existence of (36) feature in the new currency to ensure that no forgery.
Jubouri said (of the Agency news) on Thursday: There are a lot of specifications will have to (36) ensure that Amaknyh feature forged, while the currency in which the current (8) features.

He explained: that the categories that will be printed were distributed between the paper and will be the category of the (200) dinars, and the category of (110) dinars, and the (50) dinars, and the (25) dinars, the currency of small a coin expanded to the category of the dinar and a half dinar and quarter dinar and the ( 100) and the fils (50) and the fils (25) fils.

He pointed out: that the process involved in the switch Raau where all the national symbols in the northern, central and southern Iraq, which will obey on the back of paper currency and Kalmloah Orr and Erbil's citadel, and a waterfall on the Beck bridge connector.

Plans to the Central Bank of the deletion of zeros and switch the currency in the next year to reduce the size of the money supply, which warned of experts and government officials warned of a "mafia" is preparing to rig the trillions of Iraqi dinars and replace it in the light of the planned changes, while accusing the central bank government agencies to disrupt monetary reform and carry the responsibility of endanger the interests of the country's financial risk. / Finished / 3. d. Q /

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The central bank is likely to put in the new currency Jan 2013

07/04/2012

BAGHDAD / JD / .. most likely the central bank put the new Iraqi currency after deletion of zeros in the first of January. The governor of the central bank's Shabibi / JD / "The Bank will work to put up the new Iraqi currency after deleting three zeros in the 1/1/2013" .. The central bank governor, "there are many procedures and many misgivings Bank is keen to implement them in order to be the process of replacing the currency safe and easy" .. The Finance Committee, the parliamentary revealed earlier in the contract the central bank with major companies to be currency printing paper of high quality. "Said a member of the Knesset Finance Magda al-Tamimi that" the cost of the actions dedicated to the currency exchange at 150 million dollars, ".. and pointed out that" the currency exchange and withdrawal be gradual through the process of deposit in banks, "saying," The withdrawal of currency be gradual and not once as in the switch before, ".. and noted Tamimi that" the Finance Committee follow-up to the Central Bank and to share what is going on the process of printing new Iraqi currency . "and quoted a member of the parliamentary finance committee," a talk by the Governor of Central Bank "Shabibi" "The deposit in the banks when you switch the currency would be one place and controlled to protect the currency from counterfeiting." / ended / 11 n

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Financial expert: the dinar to the economic stability needed to be a desirable out of Iraq

 Wednesday 07/04/2012

Baghdad (news) .. Financial expert, attributed the beneficial Elias Abou, the cause of the unwillingness of countries in the world to deal with the Iraqi dinar exchange rate to fluctuate in front of hard currency and the absence of political and economic stability in the country.
He said Abbou (of the Agency news) on Wednesday: The monetary policy pursued by the central bank responsible for rejection of the regional countries and international dealing in Iraqi dinars, because they do not allow the exit of large amounts of local currency abroad and restricted passengers to take limited amounts of the dinar when traveling.

He added that the Central Bank of afraid to enter the counterfeit currency when allowing entry and exit of the Iraqi currency, but allowed to get out of the country will force countries to deal with and become internationally accepted and has a real value against other currencies.

And: that the Iraqi dinar needs political stability and economic and financial goal to diversify revenue and increase total production of the country and maintain its exchange rate against the dollar, foreign currency in order to become an international currency dinar desirable in all countries of the world.

Often complain of Iraqi pilgrims and travelers from non-treated countries in the world, especially neighboring countries in Iraqi currency abroad for fear of fraud or speculation, as well as the continued decline of the value of the dinar against the dollar. / Finished / 8. D. Q /

 

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A document confirming that the Central Bank of Iraq emptied of foreign currency

Wednesday 07/04/2012

People - Baghdad - Amman - Damascus - Follow-up
Confirm and document maintained by the former Iraqi officials and Successors that Saddam Hussein issued an order to the Governor of the Central Bank Essam Howeish says in the text (born Qusay delivers the amount of $ 995 million and 190 million waging These amounts constitute all the assets of the Central Bank's foreign currency.
Sources confirm that Saddam refused to transfer the assets of the Central Bank of the estimated six tons of gold, which is supposed to be present to the moment.
Site news facts reveal the names of the people who deposited money Saddam Iraq they have.

And at the disposal site, there are 12 people they took money from agents of the Iraqis, Saddam's regime and his people, with the following primary outcome:
1 - handed Saddam amount of three and seventy million dollars of Colonel Haji Habib Saleh escort profile to the last hours of his presence Adhamiya, devoted three of his family, seventy-secretariat for those he called the Mujahideen and the party, take the person into the house of Fawwaz Diab waterfall Jarba swallow in Rabia, and after days indicated Fawaz him to leave the twentieth Bsardab million house believes in it and close the door and take the key with him, and take fifty million with them to Syria. Crossed the border passport forged by another name, along with Fawaz Jarba, and encamped in the house of Hamidi Dham Jarba area Elierbeh and Khtaboa daughter Hamidi to Fawaz and married her at $ 400,000 four hundred thousand dollars, a married woman (widow) to pay the dowry Habib Saleh amounts of resistance, then moved to the province of Deir al-Zour, and pitched in Fawaz Jarba a house nearby, and then deported to Aleppo and bought a plant lover and architecture and then stayed in Damascus for some time and then moved to Ankara and established company in Dubai and is transmitted between Yemen and Dubai, Turkey, Syria and Oman.

2 - Mohammed Ibrahim hanging and his brother Khalil Ibrahim hanging Mrafaqan when Saddam was filed when one of them seven million dollars and the other twenty million dollars, and when he sent them Saddam's own counsel, Khalil al-Dulaimi, carries them to a paper signature Ojabah that they had a situation in the Secretariat in an orchard in the village of Awja The Americans and Khvoha and took no hand over any lawyer in the amount of time that an act of trade.

3 - head of his intelligence service Tahir Habbush and sons of his uncle, Ahmed and Mohammed was deposited with them a large sum a very non-specific because they were close and the focus of his confidence, and recognizes the pure of Sajida Khairallah wife Saddam amount of six million dollars on the second day of occupation 10 / April, and was steeled to travel to Mosul and then to Syria and then to the outside, carrying with six million members of the family and took his home break Awja, then fabricated by a play that the Americans have come to take you and insert it into a hidden room and minutes later came to her joy, and told her that the Americans and they went away contented themselves with taking the money!.

4 - Nida Mahmood was killed and had received unspecified amounts, but large numbers for being a tribal leader Saddam Hussein.

5 - the amount of one hundred million dollars handed over Saddam to the Working Sultan Hashim and Minister of Defense, and after his arrest by the Americans accounted for by each of his cousin Sheikh Suhail al-Tai and his brother Abdullah, and remained the amounts they have, where they traded out and bought more than a fleet of trucks and Buildings in Syria, Oman and Turkey, and Mosul.
6 - Abd al-Tawab Mullah Huwaish handed Saddam amount varied estimates and information about it, but sources confirm that he had handed the organization of Mohammed Younis al-Ahmad al three million and the opening of trading companies in the Arab countries and foreign. And sources say that he took on the amount deposited for the benefit of the Military Industrialization abroad (750) seven hundred and fifty million dollars, sources say (120) million and there are those who say (30) million dollars. In any case has a very large sums. Abdel-Tawab Mullah Huwaish was in possession of the amount of manufacturing (850) million dollars and handed Saddam's $ 35 million in cash, except for the claim that his cousin Imad Mullah Howeish steal a play has been detected since 2005 and has the buildings and villas and shops in Jordan, and his son Hassan owns buildings, factories, villas and money huge Syria, as well as his factories in Sudan and the factories and shops in the Ukraine and others, and Abd al-Tawab Mullah Huwaish now in Germany within the confines of German intelligence.
7 - Director of the accounts of the presidency of Elias intelligence Moataz Sabri was the amount of five million dollars deposited to the treasury department has transported them to the places belonging to him and disappeared from sight.
8 - It is said that what has been handed over to Ghazwan Kubaisi and Mohammed Younis al-Ahmad is a $ 5 million, not 3 million.
9 was nice Ibrahim al-Tikriti Naalh, member of the Branch and Deputy Minister of Transportation under Saddam was handed over $ 33 million and is now hiding in UAE.
10 Izz al-Din A cousins ​​and brother of Saddam Hussein Kamel looted $ 3 billion and is now in London.
11 full Yasin Rashid € 8 million.
12 Nassib, Taha Yassin Ramadan, $ 5 million and other amounts are not directly relates to, but all of the people's money.

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