The Dinar Daily, Sunday May 3, 2015
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  1. #1

    The Dinar Daily, Sunday May 3, 2015


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1307.669 1307.015
    British pound GBP 1798.572 1797.772
    Canadian dollar CAD 962.126 961.645
    Swiss franc CHF 1246.126 1245.503
    Swedish krona SEK 140.180 140.110
    Norwegian krone NOK 155.964 155.886
    Danish krone DKK 175.217 175.130
    Japanese yen JPY 9.839 9.834
    Drawing Rights
    SDR 1639.886 1639.066

    Indicative rates - (as of) 3.5.2015

    Currency Auctions

    Announcement No. (2942 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 30/04/2015 and the results were as follows:

    Number of banks 18
    Number of remittance companies 2
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 133,894,775
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 133,894,775
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 05-04-2015 at 10:05 AM.

  2. #2

    Re: The Dinar Daily, Sunday May 3, 2015

    Economists call for reconsideration of the banking sector to activate the Iraqi economy and attract investment

    Long-Presse / Karbala - Counting specialists, economists, on Sunday, that the legislative and financial obstacles highlighted the problems faced by the Iraqi banking sector, while criticizing the conflict of the implementation of the Iraqi Central Bank instructions between private and public banks, called for a reconsideration of the work of this sector and to find capable banking system to attract investment and management of the country's resources.

    The director of the Euphrates Center for Development Studies strategy, Khaled Aerada, in an interview to the (long-Presse), said that "the Iraqi banking sector, private and public, are suffering real problems most notably the legislative and financial obstacles", it returned it necessary to "shed light on those barriers and treatment."

    He Aerada, that "the proportion of foreign investment in Iraq is low and not exceeding the 2 percent of the total investment," ruling out "the possibility of activating the Iraqi economy and achieve sustainable development without capable of attracting investment and management of the financial resources of the country by about an integrated banking system."

    He called on the Director of the Euphrates Center for Development and Strategic Studies, to "re-examine the work of the Iraqi banking sector and find solutions that reduce losses in the current financial crisis in the country."

    For its part, Director of the Trade Bank of Iraq in Karbala, Uras Abdel-Nour, in an interview said to (the long-Presse), said that "the Iraqi banking sector suffers conflicts of implementation of the Central Bank of instructions between the private and public sectors", calling for "the unification of work between the banks and the private and public sector systems ".

    In addition, said the economist, Ahmed Rehn, said in an interview to the (long-Presse), he said that "the Iraqi banking sector faces caused by the work environment risks, and the limited resources available to credit, as well as other administrative problems," noting that "banks suffer big debts are difficult to be restored increasing the size of the loss and reflect negatively on the interest rates. "

    He added Rehn, that "banks independent economic entities councils departments and their capital, and it has to devise effective solutions to their problems and to convince the State by the possible application commensurate with their resources," pointing out that "the state can help in improving the banks conditions and improve their performance."

    Meanwhile, the adviser said the National Investment Commission, Abdullah al-Bandar, in an interview to the (long-Presse), "The banking sector suffers many obstacles related to the banks themselves and their boards of directors and shareholders and limitations of the central bank imposed on both private without government".

    He revealed al-Bandar, for "having problems legal Balaanaat and complaints from the money that is holding in banks and can not be disposed of," returned to "the banking sector's problems need to be radical solutions will not be identified, only direct meeting between decision-makers and concerned government agencies and the private sector."

    He criticized the National Investment Commission adviser, "the Iraqi banking sector failure has led to the reluctance of many investors from entering the local market, and form a negative factor, plus the security and economic problems", calling for the need to "restructure the Iraqi banks."

    The bankers and economies, carried in (15 May 2013), the Ministry of Finance and the Central Bank of Iraq responsible for the decline and the reality of local private banks, while the latter accused of encouraging Arab and Iranian banks on the Iraqi account.

    The International Monetary Fund said in a report issued in (the 21st of March 2013), that an improvement in the financial sector, but stressed that it still needs to be greater by the central bank in the revision of monetary policy and strengthen banking supervision tools efforts, and to accelerate the restructuring of the banking system .

    And the Iraqi banking system consists of 54 banks, including seven state-owned newly established Islamic one, and there are 23 private commercial banks, including Islamic nine. There are also 15 branches of foreign banks, and there are many institutions that do some banking, of which 34 money transfer company, and nearly 200 belonging to the banks foreign exchange company or deal with the banks, with the Loan Guarantee Company and to finance small and medium enterprises, with two companies for services of electronic banking and card Smart, in addition to nearly 800 branches and subsidiary banks spread over Iraqi provinces. 9%86-%D9%8A%D8%AF%D8%B9%D9%88%D9%86-%D9%84%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D9%86%D8%B8%D8%B1-%D8%A8%D8%A7%D9%84%D9%82%D8%B7%D8%A7

  3. #3

    Re: The Dinar Daily, Sunday May 3, 2015

    The parliamentary Finance renewed staff ttaminha: no fear on salaries

    Tomorrow press Baghdad the parliamentary Finance Committee, confirmed Sunday that he does not fear the staff salaries for this year, calling for the expand non-oil resources.

    The Vice-Chairman of the Committee, said Ahmed tracks for "tomorrow," "the Committee when put to the budget law 2015 put odds on low sales prices of oil on the world market and has developed a financial savings as staff salaries for the year 2015".

    "The statements of other about payroll stops are only rumors designed to disrupt the work of the Iraqi State and stopped her career", stressing that "the Finance Committee has demanded more than once to activate the non-oil sectors such as industry, agriculture and tourism to support the State budget and its dependence on oil and falling into sin". %2F%25D8%25A7%25D9%2584%25D9%2585%25D8%25A7%25D9%2 584%25D9%258A%25D8%25A9-%25D8%25A7%25D9%2584%25D8%25A8%25D8%25B1%25D9%2584 %25D9%2585%25D8%25A7%25D9%2586%25D9%258A%25D8%25A9-%25D8%25AA%25D8%25AC%25D8%25AF%25D8%25AF-%25D8%25AA%25D8%25B7%25D9%2585%25D9%258A%25D9%2586 %25D9%2587%25D8%25A7-%25D9%2584%25D9%2584%25D9%2585

  4. #4

    Re: The Dinar Daily, Sunday May 3, 2015

    With the participation of 60 companies specialized events Arbil .. launched the fourth exhibition of oil and gas

    Baghdad / Baghdadi News / ... launched, on Sunday, the fourth event of Arbil exhibition of oil and gas from the land of Erbil International Fair, with the participation of 60 specialized company .

    The Commerce Department said in a statement to her office received / Baghdadi News / , a copy of the " Arbil fourth oil exhibition and gas launched today, on the land of Erbil International Fair with the participation of 60 specialized company, representing 12 countries " , pointing out that he " was organized by the company ( Beramides International ) , in cooperation with the General Company for Trade and commercial services in the ministry " .

    The statement added that " the exhibition is one of the successful exhibitions in terms of preparedness and organization and methods of marketing, the volume of participation " .

    The opening ceremony was attended by a large number of officials in the province of Kurdistan, including the governor of Erbil and the Under Secretary of oil, in addition to the US commercial attache of the Egyptian and US consuls Egyptian commercial attache and a large number of businessmen . ended 21 n

  5. #5

    Re: The Dinar Daily, Sunday May 3, 2015

    Cabinet : recording companies electronically

    Baghdad / Baghdadi News / ... said the appearance of Mohammed Saleh, Prime Minister Haider al-Abadi adviser for economic affairs, on Sunday, on the way to the introduction of registration of companies within minutes .

    Saleh said in an interview with / Baghdadi News / that " one of the most important impediments to investment in Iraq is to treat the registration of companies, where they take a lot of time owner of the company " .

    Saleh added that " the government has set up a project for electronic registration of companies within a period not supposed to exceed 15 ten minutes " .

    Saleh pointed out that " the project done at the hands of a silent beehive-governmental cooperation between the Ministry of Commerce and the Federation of Chambers of Commerce and the Presidency of the Council of Ministers and the Ministry of Science and technological as well as other destinations " .

    Saleh stressed that " the project will see the light very soon, the only constraint now is a way of closing listed companies, while the company registration process may almost complete " . ended 21 / n

  6. #6

    Re: The Dinar Daily, Sunday May 3, 2015

    Anbar appeals to the Board of the Council of Ministers to stop working the new customs tariff

    Anbar / Baghdadi News / ... appealed Anbar province, the Office of the Prime Minister to stop the introduction of the new customs tariff on the Trebil border, similar to a number of provinces, attributing the cause to the difficult economic situation as well as ensure that high prices .

    He said the province's office in a statement seen / Baghdadi News / it, that " the governor of Anbar Suhaib al-Rawi in the face of 29.04.2015 , book number 11/1556 directed to the Office of the Prime Minister hoped for action to stop the new customs tariff on the Trebil border port in Al-Anbar, like the provinces of Basra, Maysan, Wasit and the Kurdistan region " .

    He attributed this to the " difficult economic and living conditions in the province as well as to ensure that rising prices " .

    He said the governor's office, said that " appeals reached the governor of Anbar province Suhaib al-Rawi about to stop working in the customs tariff Trebil " . ended 21 / b

  7. #7

    Re: The Dinar Daily, Sunday May 3, 2015

    Planning calls on World Bank to support Iraq to overcome the budget deficit

    Baghdad / Baghdadi News / ... Search Planning Minister Salman Jumaili with World Bank Vice President for East and Africa Sunrise Hafez Ghanem, on Sunday, the possibility of the World Bank to support Iraq financially to cope with the budget deficit and the reconstruction of the liberated areas and help the displaced .

    According to a ministry statement, received / Baghdadi News / copy of it, Jumaili said " Iraq is not a poor country but it is a country with good economic potential qualify it to fulfill its financial obligations " , adding that " exceptional circumstances experienced by the country during the last period marked by the assault ... terrorist fierce on the security side and the resulting waves of displacement has affected negatively on the development plans, and accompanied by a drop in oil prices by about the latest case of a sudden lack of liquidity to address the situation " .

    He called Jumaili the World Bank to " provide support for Iraq by contributing to the financing of the reconstruction of the liberated areas Fund so that the fund is unable to perform his duties in those areas that have been to a lot of destruction long infrastructure and the role of citizens and various services " , adding that " The other problem that Iraq is facing today is the existence of a large number of ongoing and which has been the completion of the projects advanced rates but because of the lack of liquidity are no longer able to finance its continuation to be completed by the time timings " .

    Jumaili stressed that " the World Bank can work to finance investment projects that will provide more job opportunities to attract young people in addition to the agricultural sector, which is largely to be a key contributor in the formation of gross domestic product projects " .

    For his part, World Bank Vice President Salman Hafiz expressed his " willingness of the bank to provide all kinds of possible support for Iraq in addressing the budget deficit or the financing of the stalled projects " , revealing " a high-level technical delegation from the World Bank visited Iraq on the eighth of May to determine priorities and projects that the bank can contribute to the financing through Masiqdmh of loans in this area " .

    He said Ghanem said , " is eager to help Iraq Bank to enable it to cope with the economic crisis, which is going through a difficult and complex crisis " , adding that " loans granted by the Bank of Iraq is soft loans and low-interest compared with those loans granted by organizations or international banks " . It ended 21 / for

  8. #8

    Re: The Dinar Daily, Sunday May 3, 2015

    Barzani and Obama's meeting next Tuesday evening

    It is expected to meet President of the Kurdistan region, Massoud Barzani, and US President Barack Obama, at the White House on Tuesday .

    Falah Mustafa's Foreign Relations Department official in the Kurdistan Regional Government and a member of facilities for president of the region of the government delegation, told ( Basenyoz ) , from the United States that " due to meet province of the President of Kurdistan, Massoud Barzani and US President Barack Obama in the White House, at five o'clock in the evening Washington time, on Tuesday " .

    President Barzani, had begun on Saturday, a visit to the United States, to meet with senior officials Alammerkyin, led by US President Barack Obama and Vice President Joe Biden .

    And during his visit accompanied by a delegation from the Kurdistan Regional Government .

    And it is expected to be talking about the issue of Kurdish State and provide military support directly to the Peshmerga forces of the main goals of the visit .

  9. #9

    Re: The Dinar Daily, Sunday May 3, 2015

    Work completed 146 transaction for loans Industrial Services

    The Ministry of Labour and Social Affairs, Sunday, on the completion of 146 special treat applicants on industrial services loans through check transactions by service department and forwarded to support small income .
    said Statement of the Ministry and Agency received / information / a copy of the " industrial services loans, the number of applicants reached 751 ahead, and that those projects for applicants has referred to support small income . "

    The statement added that " was an interview for entrepreneurs by a committee consisting of Prime Services Industry Department and officials of the Department of the people " , and said the " loan amounts distributed to the four owed ​​categories where you got Category ( a ) a loan of $ 10 million dinars, got Category ( b ) to a loan of nine million dinars, got Category ( c ) on a loan of eight million dinars, while I got category ( d ) on a loan of seven million dinars . "

    The statement continued that " have been prepared in special binders for each borrower include the archives of the four illustrated and close industrial services and images The form of the project revealed where all the information about the project is installed, include the name of the project and its owner and the number of points and the sequence and class project . " ended / 25 R.العمل-تنجز-146-معاملة-لقروض-الخدمات-

  10. #10

    Re: The Dinar Daily, Sunday May 3, 2015

    Missan Oil announces agreement with investment firms to pay benefits due to the financial crisis

    Maysan oil co., announced Sunday, with oil on the installment investment companies financial benefits for the current year due to the economic crisis, with confirmed completion of work flexible oil tube that connects the Halfaya field in the Basra governorate brick tanks.

    Company spokesman Peter main said in a statement obtained by the newspaper "the integrity of foreign investment firms in Missan Oil fields, agreed to postpone the payment of part of the financial dues this year and complete the payment next year (unspecified)", adding that "non-payment businesses related to the financial crisis".

    He said "the most important works of art for the tube flexibility is completed is ready to start pumping oil through the Halfaya field to FAO and to cabinets brick", pointing out that "the pipeline will transfer 70,000 barrels of oil a day and would ensure that the removal of export bottlenecks".

    The Halfaya field in Maysan province's largest field production rate oil is extracted from the oil fields of province b (16) billion barrels as well as large quantities of gas company PetroChina China business development field. over 9

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