Tagged: iraqi

Bureaucracy hinders the recovery of the Iraqi economy

Iraq’s per capita income is rising rapidly, but there are a few areas that Iraqis can spending or investment. The reason for this is routine in government departments (bureaucracy). The resulting violence has subsided in recent years to improve the economic prospects, and returned the market ripe for investment. In 2012, per capita income rose from GDP to $ 6.300 after it had only $ 1,300 in 2004.

Deputy Secretary stresses need for Dropping Zeros law; It’s known the zeros project will like to take place in next month, he says

A finance committee member of Iraq stated that a law for omitting zeros from Iraqi currencies should be passed in order to confront the issues like debt and money frozen.

Economist: A tighter monetary policy will bring real value to the IQD and restoration

Count financial and banking Affairs professional tight monetary policy adopted by the Central Bank of Iraq will contribute to reducing the phenomenon of dollarization has brought the real value of the Iraqi dinar and restored.

Iraq optimistic as economy shows signs of economic growth

Baghdad: Network Akhbaralarac – connects economists and Naftyon Iraqi optimism to achieve their country’s strong economic growth anticipated, provided political stability, drilled 115 locations oil estimated quantities estimated at 350 billion barrels and additional drilling operations in more than 450 fields in different parts of Iraq, which contain more of 530 geological complexes stored oil reserves are enormous.

Deputy indicates IQD will not see improvement through the dropping of zeros process

Baghdad (news) .. Ruled out the vice president of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Faizullah, improve the value of the Iraqi dinar when applying the project to delete the three zeroes from the national currency.

Deputy: the need to conclude economic agreements with developed countries in the field of exchange of expertise and capacity development

Baghdad (news) .. A member of the Committee on the economy and investment MP / National Alliance / Amer winner, the need for Iraq to conclude economic agreements with developed countries Kalurbih and Asian countries to exchange experiences and develop local capacity.

Finance Committee Member: IQD will see significant improvement against international currencies during the coming period

Baghdad (news) .. Said a member of the Finance Committee MP / coalition of Kurdish blocs / Dler able, for the assignment corporate banking and private banks accused of laundering money and smuggling currency over the past months to the judiciary for prosecution.

Secretary Hadi: Dinar is more stable; Date for Deletion of Zeros Determined by CBI and GOI

Amin Hadi: a more stable exchange rate and the date of the deletion of zeros related to the Central confirmed the parliamentary Finance Committee, on Saturday, that the exchange rate of the dinar against the dollar is more stable than the former, while the promised date of the deletion of zeros from the Iraqi currency “something relates to” the central bank and the federal government.