Friday, January 15, 2016

Iraqi News Articles January 15th, 2016

The owner of the port (Ki-Card) Acquires billion dinars from the Rasheed Bank
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BAGHDAD / JD / .. Office of the Inspector General of the Ministry of Finance revealed the big rig hauled through which accompanied the port of the card to the billion dinars from the Rasheed Bank process. 
A statement by the issuance by the Office of Inspector General of the Ministry of Finance received / JD / copy of it: that the office revealed the acquisition of the owner of a port for the smart card process (Ki-Card) to the amount (1.06 million) billion and sixty million dinars from the Rasheed Bank / Branch Baba Karkar in the province of Kirkuk, He pointed out that the operation took place in cooperation with one of the said branch employees.
The statement said: that the defendant (the above-mentioned port owner) The deposit amounts and fake to be pulled from other banks, adding that the office has formed a committee auditing and investigative on the issue of repatriation of such funds. / End 

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The central bank plans to unify the exchange rate of the dollar sold in the auction and the market
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BAGHDAD / JD / .. revealed to the economic and investment commission in Parliament about the government's determination obliging the Central Bank of the consolidation of the dollar exchange rate in the auction sold the domestic market, likely raising the value of the dollar against the dinar in the shadow of the financial crisis in the country.
He said committee member Rep. Najiba Najib told / JD / that there is an urgent need for the government to reconsider the monetary policy of the country, the fact that there is a real rate of the dinar against the US dollar because of the current dinar price of 1,166 is the same as when it was sold for a barrel of oil for $ 111. She added that the financial crisis facing the country as a result of the drop in oil prices to unprecedented levels require the lifting of the dollar exchange rate against the dinar and will resort to it the government requiring the central bank in addition to the unification of the exchange rate at the central bank auction and in the local commercial market, where the dollar exchange rate at auction Central dinars in 1190, while the market in 1240 dinars. / end /
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The stock market in connection with the use of technology make it easier for those wishing to

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BAGHDAD / Jassim Al-Karim al-Tai / .. Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam about the market's determination of the market's determination in the use of modern technology in the trading market revealed during the current year, while noting that this technology make it easier for those wishing to trade from home or company.
Said Abdul Salam in a statement singled out for agency / JD / economic: to strive this year to the use of modern electronic systems in trading operations in the Iraqi market for securities Almalah.mbana market has more than one project has to do with an electronic system, the most important is to have a gate backs specialist to view data and make investors deal with this gate and inquire of them and explore them for shares in the market and on trading so that it can be performed to withdraw all reports of this gate.
He said Abdel-Salam said the electronic gate will be related to the project will be carried out later, a (Alterilink Online) This project can to investors through an existing system to the registered brokerage firms in the market for the purpose of facilitating for those wishing to process trading proud of within their companies or residential role, pointing to the existence of controls for protection from rags.
He said Abdul Salam that this project will help investors with brokerage firms followed up the subject of the securities and the settlement value with the bank.
He explained that the Iraq Stock Exchange has 105 authorized to manage deployed in Baghdad, Erbil and Sulaymaniyah stations, stressing that the aim of the implementation of this project is to shorten the time and seriously and overcome the obstacles in front of investors in Iraq. / End /
This is it for now, but there is soooo much good news out today!!!  Things look great for next week.
Check back later!




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