June 2007 News & Updates
Forest allocations exceed 6,000,000,000 iraqi dinar
June 26, 2007
The General Company of Horticulture and Forestry in the Ministry of Agriculture began implementing a national project to develop forests in Iraq, to be implemented over four years with allocations exceeding 6,000,000,000 Iraqi dinar.
Guarantor requirement for Industrial loans dropped
June 11, 2007
The source, in a statement issued by the ministry, explained, "the industrial development department will make loan grants to 150 out of 500 applicants very soon," but he did not specify a date. He said, "Al-Rasheed Bank and all its branches is preparing to start working out delivery, which will cover loans for three categories - 15, 20, & 25 million iraqi dinars in the province of Baghdad (exclusively);
Iraq currency reserve is $21 billion
June 01, 2007
Minister of Finance, Bayan Jabr Al-Zubaidi, revealed that 45 countries wrote off Iraqi debt at rates ranging from 80 to 100%, for a total of $140 billion.
Iraqi dinar demand and exchange rate with dollar rise in Central Bank auction
June 01, 2007
The demand for dollar purchases in the Iraq Central Bank auction increased on Wednesday, to a total volume of reached 68 million, 890 thousand dollars against 24 million, 415 thousand dollars on Tuesday, while the exchange rate rose to 1260 iraqi dinar.