Iraqi Dinar News - 2008 Dinar News

2008 Dinar News

Demand for dollar drops at daily dinar auction

March 31, 2008 Demand for the dollar was down in the Iraqi Central Bank's auction on Monday, the first this as Sunday’s session was cancelled due to the curfew placed on Baghdad, registering at $35.190 million compared to $93.270 million on Thursday.
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Western firms have an open appetite to Iraqi market

March 27, 2008

Roula Khalaf and Steve Negus, both wrote an article published by the newspaper Financial Times under the title "taboo fields: oil groups compete to win the prize of Iraqi enormous reserves," in which they said that the company Royal Dutch Shell is working quietly and in secret with the Iraqi Oil Ministry over the last two years advising it on how to increase production in two fields of oil, under an agreement signed after the invasion in 2003; however, non of the officials of company, which is the largest oil group in Europe, put a foot step in this troubled and oil-filled country. There were only monthly meetings held face-to-face with the Iraqi Oil Ministry in the Jordanian capital of Amman, and the communication is through weekly video link.

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Demand for dollar hits record at daily Iraqi dinar auction

March 25, 2007 Demand for the dollar on Tuesday hit a record at the Iraqi Central Bank's auction, registering at $132.450 million compared to $120.280 million on Monday.
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Iraq's stock exchange goes electronic

March 24, 2008 Iraq's rising prosperity is to be symbolically marked this week with the inauguration of a new stock exchange system in Baghdad.
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Hike in demand for dollar at daily dinar auction

March 24, 2008 Demand for the dollar was up in the Iraqi Central Bank's auction on Monday, registering at $120.280 million compared to $46.135 million on Sunday.
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Iraq's oil ministry invites companies to bid on oil, gas development projects

March 23, 2008 Iraq's Oil Ministry said Sunday that it has invited local and international oil companies to bid for contracts including one to develop a natural gas field in a Sunni area in the west of the country.
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Demand for dollar down in daily dinar auction

March 20, 2008 Demand for the dollar dipped sharply in the Iraqi Central Bank's auction on Tuesday, registering at $78.260 million compared to $131.060 million on Monday.
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Private Iraqi banks to open up a clearing with American banks

March 18, 2008 A financial expert stressed that Iraqi private banks need to be supported by the State to enable them from doing their part in the building and reconstruction campaigns which are about to start.
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Iraq PM Advisor: Oil Majors Will Accept Service Contracts

March 13, 2008 International oil majors would be willing to settle for service contracts in known oil fields in Iraq, the chairman of the advisory committee to Iraqi Prime Minister Nouri al-Maliki said Thursday.
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Significant drop in the demand for the dollar in dinar auction

March 13, 2008 Demand for the dollar dipped sharply in the Iraqi Central Bank's auction on Thursday, registering at $55.815 million compared to $105.365 million on Wednesday.
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$600 million profits for Al-Rafidein Bank

March 10, 2008

Director-General of Al-Rafidein governmental bank, Abdul Hussein Al-Yasiri, has said that the efforts "Focus now on the restructuring of the bank to develop it and bring it to the ranks of global banks, especially since it was among the best one hundred bank in the world." He pointed out that it profits "Exceeded 722 billion dinars (About $600 million dollars) last year, at an increase of 125% from 2006."

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