Iraqi News & Iraqi dinar Updates
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The dollar exchange rate against Iraqi dinar is stabile for the first time in two months
January 01, 2007
The dollar exchange rate stabilized against the Iraqi dinar at the conclusion of the Iraqi Central Bank sessions last Thursday for the past week, recording 1325 iraq dinar, which is the same exchange rate last Wednesday, for the first time in more than two months.
Raising interest rates is to strengthen the Iraqi dinar
December 23, 2006
Iraqi Minister of Finance, Baqer Jabr Al-Zubaydi, announced that "No change in the 2007 budget, which is fixed at 41 billion dollars"
Tabatabai said that they amounted to 8,422 billion iraqi dinar; that is 1,052 billion iraqi dinar in a session
December 23, 2006
Head of the Iraqi Stock Exchange Trustees, Talib Tabatabai, confirmed that security situation is what hinders the Stock Exchange more than anything, and it is the reason behind the considerable challenges faced by the investor.
Central Bank denies determining the price of the US dollar against the Iraqi dinar
December 23, 2006
After its price was down for more than a week, the dollar exchange rate rose again in the daily auction of the Iraqi Central Bank for buying iraqi dinar.
Iraqi officials reached a tentative agreement on the oil law
December 23, 2006
Iraqi officials reached a tentative agreement on an oil law that grants the regions the right to negotiate contracts for oil fields with foreign investors, but it gives the central government the final word.
Iraqi officials reached a tentative agreement on the oil law
December 23, 2006
Iraqi officials reached a tentative agreement on an oil law that grants the regions the right to negotiate contracts for oil fields with foreign investors, but it gives the central government the final word.
Iraq oil could provide $3,500 per citizen
December 23, 2006
A plan gaining favor in Washington to distribute Iraq's oil revenue directly to its people could put $3,500 a year in the hands of every adult Iraqi citizen, a Texas-based energy analyst said on Tuesday.
Iraq Central Bank denies reducing the rate of the dollar against the iraqi dinar
December 16, 2006
The Iraqi Central Bank denied rumors on its quest to determine the rate of the American dollar against the Iraqi dinar value of one thousand iraqi dinars.
Austrian Airlines launches regular flights to Iraq
December 16, 2006
Austrian Airlines said on Tuesday that it launched two weekly flights to the city of Arbil in northern Iraq to become the first European means of transport providing regular service to Iraq.
The World Trade Organization (WTO) Director hails appointment of chair of Iraq accession working group
December 16, 2006
The World Trade Organization (WTO) Director-General Pascal Lamy said Friday that the appointment of the Chair of accession working group for Iraq today is an important step in the process of anchoring Iraq in the Multilateral Trading System.
Japan to provide USD 710 million loan to Iraq
December 13, 2006
Japan will provide an JPY 82.64 billion (USD 710.6 million) loan to Iraq to help improve the country's crude oil and electricity-related facilities, the Foreign Ministry announced Monday.
A plan to raise oil industry in Iraq
December 13, 2006
Ministry of Oil prepared a plan to raise oil industry in Iraq and increase exports of crude oil and gas, an authorized source at the ministry said.
Dollar demand reacts downward in Iraqi central bank auction of iraqi dinar
December 11, 2006
Demand for the U.S. dollar was lower to $14.830 million in Iraq’s Central Bank auction of iraqi dinar on Sunday compared with $25.570 million in the previous session.
Dollar dropping agianst iraqi dinar caused by low interest rates
December 07, 2006
An Iraqi economic expert attributed the recent decline in the value of the dollar against the Iraqi dinar to the lower interest rate.
268 companies registered last month in Iraq
December 07, 2006
The Iraqi Ministry of Trade said that the Registration Office of companies in the ministry had registered "268 new national Iraqi companies and eight foreign companies last month".
A call to establish a higher national council for Iraq economy
December 05, 2006
Montasser Al-Amara, Chairman of the Iraqi parliamentarians Federation and member of the Economic Committee in the former National Assembly, called the government to: "establish a high national council of Iraqi economy", saying that: "the Council must have the highest decision in the Iraqi economic aspect, and must include specialized Iraqi experiences and competencies from all blocs, political movements and independents".
The establishment of three power stations in Kirkuk costing three million dollars
December 05, 2006
Director of the Electricity Department in Kirkuk, said yesterday that the Ministry of Electricity embarked on the implementation of a number of electrical projects in the city; one of which is the establishment of three stations to improve electricity in the city, costing three million dollars.
Iraqi Central Bank raises interest rates to 16%
November 29, 2006
The Iraqi Central Bank uncovered the high inflation last October by 2.7% from the previous month, pointing out to the adoption of a strict policy on interest rates and lift them to 16% to motivate commercial banks to make fundamental adjustments in various bank interest rates to deal with this inflation.
SOMO contracts with Turkish companies for the supply of fuels to Kurdistan
November 29, 2006
The State Oil Marketing Organization (SOMO) contracted with a number of Turkish companies to supply large quantities of kerosene and liquid gas to the northern region which is suffering from scarcity in both products, but most of these companies had stalled in the delivery of such products for being prosecuted by the Turkish judicial authorities.
The allocation of 800 million dollars for importing iraqi oil derivatives
November 29, 2006
The Parliament postponed its session for some time last Wednesday, for the lack of quorum, but then it held its regular fifth session under the chairmanship of Sheikh Khaled Al-Attiyah, first deputy chairman of the Parliament.
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