Central Bank advised not to borrow to bridge the budget deficit

Central Bank advised not to borrow to bridge the budget deficit because it would cause a deficit for years

central bankTomorrow’s Press / Baghdad showed Iraqi Central Bank Governor agency Abdel Basset Turki, on Tuesday, did not support the theme of the feet Iraq to borrow from the World Bank to bridge the shortfall to balance the current year, indicating that the borrowing would reduce the deficit for the current year only, while resulting in a deficit bigger in the coming years . Continue reading

Iraqi Dinar Guru 4-15-14 Chats…

Iraqi Dinar Guru 4-15-14 Chats…

Iraqi Dinar Guru4-15-2014 Iraqi Dinar Guru Shredd Why are the reserves a big deal? Iraq is dedollarizing, updating their notes and are going to remove the zeros this year. The reserves have proven to provide stability. Soon we will see the monetary policy change and soon we will see a change in the valuation of the dinar. It’s all connected and reliant upon it. Continue reading

Budget will be approved after the next election

State of Law: the budget will be approved after the next election

budgetTomorrow’s Press / Baghdad MP for the rule of law char Darraji, on Tuesday, that the general budget for the current year will be approved after the next parliamentary elections by the new parliament, noting that the political differences caused the carried over to the new session. Continue reading

Sadrists: to meet al-Sistani and al-Sadr said the change of government

Sadrists: to meet al-Sistani and al-Sadr said the change of government

al-SistaniBaghdad (Iraq) / Walid Mahdi revealed hired by the Liberal parliamentary details of what happened in a meeting the highest religious authority Ali al-Sistani and the cleric Moqtada al-Sadr recently. MP said Prince Kanani told the “future” Yesterday (Monday), “The meeting was supposed to be in earlier, but preoccupation with the highest religious authority and the circumstances of his work and his health has postponed the meeting this time, Continue reading

House of Representatives ruled out holding any meeting

Decision of the House of Representatives ruled out holding any meeting before elections

House of Representatives(Special) … ruled the decision the House of Representatives, the Council held any hearing before the legislative elections scheduled for 30 April. explained MP Mohammed al-Khalidi in a statement to the Central Council of the Patriotic Union of Kurdistan (PUKcc.net), Continue reading

MOF in Washington looking to protect Iraqi funds

Minister of Finance in Washington looking to protect Iraqi funds from creditors

Iraqi fundsBAGHDAD / JD / .. Ministry of Finance announced for talks in Washington on the protection of Iraqi funds after the end of the period of immunity in 05/22/2014, while stressed the need for the adoption of the law offices prudent to do to provide payments for the benefit of Iraq before the courts of Foreign Affairs. Continue reading

Allawi: Maliki make Iraq bats in the likes of financial

Allawi: Maliki make Iraq bats in the likes of financial and administrative corruption

AllawiThe head of a coalition of national, Iyad Allawi, on Tuesday, the House of Representatives voted on the decision not to renew the mandate of a third of any Prime Minister and therefore the current Prime Minister Nuri al-Maliki, he can not renew for a third term, said Allawi, Continue reading

Maliki reassures united: our alliance will continue

Maliki reassures united: our alliance will continue under the initiative of Erbil

MalikiShowing president of a coalition of state law, Nuri al-Maliki to renew alliance with Alastrteja united alliance for reform led by Osama al. said a source close to Najafi told ((eighth day)) that the Prime Minister commissioned former MP Mishan al-Jubouri, chair of the negotiating committee with united. He added that al-Maliki sent a letter to reassure carry Jubouri confirm that the coalition of state law and united the current, which was to form a government under the initiative of Erbil will continue until after the elections next April. Continue reading

Expectations of improvement in global trade in 2014

Expectations of improvement in global trade in 2014

world trade2014 WTO expects world trade volume growth in the current year, a slight increase to 4.7%, but ruled that the growth is due to the historical average of 5.3% until next year. These expectations and came as a result of the weakness of the results of last year, when the volume of world trade increased by only 2% to reach 18.8 trillion dollars. Continue reading

No reason to change prediction of 20% drop in gold price

Goldman: No reason to change prediction of 20% drop in gold price

GoldThe gold price continued its recent strong run on Monday, boosted by safe haven buying after clashes over the weekend in Ukraine put markets on edge. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery last traded at $1,326 an ounce, a near 4-week high and up 10.7% since the start of the year. Continue reading

Central Bank reserves exclude reach 100 billion dollars

Central Bank reserves exclude reach 100 billion dollars for “feeding the expansion of foreign trade” for the private sector

Central BankLong-Presse / Baghdad revealed the Central bank of Iraq, on Sunday, announced the arrival of its reserves of hard currency to the equivalent of 90 trillion dinars end of the month of February, while expected to continue to increase the proportion “not great” not being able to reach the barrier percent billion, attributed to the expansion of the feeding of foreign trade to the private sector. Continue reading

Iraqi Dinar Guru 4-14-14 Chats…

Iraqi Dinar Guru 4-14-14 Chats…

Iraqi Dinar Guru4-14-2014 Iraqi Dinar Guru Poppy3 MY GUYS SAID THEY EXPECT IT NO LATER THAN TUESDAY AND THEY AS OF TODAY HAVE NOT CHANGED THEIR MIND. NOW THEY HAVE BEEN WRONG BEFORE BUT THEY HAVE BEEN RIGHT ABOUT MANY THINGS IN THE PASSED. IF THEY HAVE SATISFIED THE IMF IN ALL THESE MEETING OVER THE LAST WEEK THEN IT IS TRUE WE COULD SEE THE RATE CHANGE AT ANYTIME. [post 1 of 2....stay tuned] Continue reading

Late cash instead of ration reached 184 billion dinars

Foodstuff Trading Company: Late cash instead of ration reached 184 billion dinars

 dinarsThe Director of the General Company for Food Trade, Ministry of Commerce Meshaal Hassan, said the cash allowance late to the ration card items, amounted to 184 billion dinars. He said Mashaal Radio in tow that “the amount of the cash allowance will be transferred to local governments, to be distributed to citizens, as has been determining the amount of up to (117) thousand dinars maximum allowance for cash material baby milk for each child.” Continue reading

Stock market gains in economic first quarter of the current year

Stock market gains in economic first quarter of the current year

More than 6 billion dinars investment of non-Iraqis where

Stock marketBAGHDAD – Hussein al-Tamimi Tgb revealed the Securities Commission for the increase has been achieved in Akiem investments of non-Iraqis in the Iraqi market for securities during the first quarter of this year to reach 6 billion and 630 million dinars. Continue reading