Related article ~ IMF Support Iraq's Central Bank decides to develop coins in his plan to restructure the currency (different source)
Iraq news of the money and the economyTo restructure the currency
16/07/2011
Baghdad, An adviser to the CBI, Saturday, part of a plan to restructure the banks, currency and coins for the development of financial trading bank to support the Iraqi economy.
The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the central bank decided to introduce coins as part of his plan to restructure the currency, which require the approval of the government and the House of Representatives because it is a strategic plan will help support the value of the Iraqi dinar in the trading of Finance."
He added that "the draft coins in 2004 was not successful because he has not been as comprehensive reforms to support the financial value of the Iraqi dinar in the global market."
He pointed out that "the coin is not a low currency, but will be important medium of exchange which are used for simple banking transactions in the internal business transactions."
The Iraqi Central Bank announced in June 22 last he decided to restructure the local currency in order to develop the payment system in the country.
He expressed the IMF in August / August, his support of the Iraqi economy in the event of having a number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq.
The Iraqi government has denied any change in the local currency this year to reduce inflation.
The local Iraqi currency has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was the symbol of the former regime.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
Wanan of Jafar, the Open: Peace Baghdadi -
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Trading
16/07/2011
Iraq tops the list of Arab financial markets trading
Baghdad, July 16 (Rn) - Securities Commission said Saturday that Iraq's progress on the countries of the region the size of financial trading by 70%.
The Iraqi government recently agreed with the Bank (HHPT), which is spread throughout the countries of the world to develop the Iraqi market for financial Orac.
The head of the Abd al-Razzaq al-Saadi told the Kurdish news agency (Rn) that "Iraq traded funds issued by 70% compared with the countries of the region," indicating that "trading volume during the last three months amounted to some 274 billion Iraqi dinars."
He added that "the Iraqi market for financial funds managed to acquire the trust of others because of their reliance on the legal disclosure controls assets of the companies."
Saadi continued that "the movement of the Iraqi market for securities rise the higher the volume of investment projects in the country and expanded financial transactions between the Iraqi market and world markets through banks."
"The market for securities Iraq works to expand foreign capital, which amounted to 15% of the total trading year to expand the financial activities in the foreign country, which will support the market in the securities and correlates with the global markets."
And started the Iraq Stock Exchange initial preparations for membership of the global market for securities, also announced the start electronic filing of the investment companies of foreign and domestic, instead of filing paperwork.
The Iraq Stock Exchange has started operation in 2004, shifted from manual trading to the use of e-dealing screens in 2009 and opened for trading two hours a day five days a week.
The banking sector is the largest in the exchange, which also includes the shares of industrial companies, insurance companies, hotels and agricultural companies.
The total value of shares listed on the Stock Exchange about three billion dollars.
Wanan of Jafar, the Open: Murtaza Yousu -
http://www.aknews.com/ar/aknews/2/252110/
and more links ... not sure if site is back up ...
Anbar decided to return and its border to imports of building them up Fund
Municipalities and Public Works approves the implementation of 218 projects in five provinces of investment
المباشرة ببناء 20 الف وحدة سكنية في نينوى 20 000 direct construction of housing units in Nineveh
