Category: Cash

Iraqi Dinar/US Dollar auction results 12-14-17

Iraqi Dinar/US Dollar auction results 12-14-17 The results of the sale window of foreign currency on Sunday 17-12-2017 and implemented on Thursday, 2017/12/14 Announcement No. (3592) Date of sale – Sunday 17-12-2017 and the port on Thursday, 2017/12/14 the details: Amount Total sales for the purposes of strengthening assets abroad (transfers, credits) 129,843,465 Total cash […]

Iraqi Dinar/US Dollar auction results 12-13-17

Iraqi Dinar/US Dollar auction results 12-13-17 The results of the foreign currency sale window on Thursday, 14-12-2017 and executed on Wednesday, 2017/12/13 Announcement No. (3591) Date of sale – Thursday 14-12-2017 and port on Wednesday, 2017/12/13 the details: Amount Total sales for the purposes of strengthening assets abroad (transfers, credits) 149,964,577 Total cash sales 19,400,000 […]

Iraqi Dinar/US Dollar auction results 12-12-17

Iraqi Dinar/US Dollar auction results 12-12-17 The results of the foreign currency sale window on Wednesday 13-12-2017 and the port on Tuesday, 2017/12/12 Announcement No. (3590) Date of sale – Wednesday 13-12-2017 and port on Tuesday 2017/12/12 the details: Amount Total sales for the purposes of strengthening assets abroad (transfers, credits) 135,154,037 Total cash sales […]

Iraqi Dinar/US Dollar auction results 12-11-17

Iraqi Dinar/US Dollar auction results 12-11-17 The results of the foreign currency sale window on Tuesday 12-12-2017 and issued on Monday 2017/12/11 Announcement No. (3589) The date of sale – Tuesday 12-12-2017 and is issued on Monday 2017/12/11 the details: Amount Total sales for the purposes of strengthening assets abroad (transfers, credits) 89,276,098 Total cash […]

Iraqi Dinar/US Dollar auction results 12-10-17

Iraqi Dinar/US Dollar auction results 12-10-17 The results of the sale of foreign currency on Sunday 10-12-2017 and implemented on Thursday 2017/12/7 Announcement No. (3587) The date of sale – on Sunday 10-12-2017 and executed on Thursday 2017/12/7 the details: Amount Total sales for the purposes of strengthening assets abroad (transfers, credits) 109,930,442 Total cash […]

The document: a political entity address the Prime Minister officially .. and demanding the dismissal of the Governor of the Central Bank

The document: a political entity address the Prime Minister officially .. and demanding the dismissal of the Governor of the Central Bank
12/9/2017

In an official letter addressed to the prime minister, the Iraqi National Unity Party (NDP) called for the dismissal of the governor of the Central Bank, Ali Al-Alaq, and the appointment of the most suitable person to manage the bank.

According to the book, which the party addressed to the Prime Minister and read by "Sky Press", the request came based on the international study that was issued recently and placed the governor of the Central Bank of Iraq in the last rank as a central bank manager in the Middle East due to poor management of government and private banks and causing the loss of dozens Billions of cash reserves for Iraq.


The book pointed to a number of corruption files raised on the relations during the period of its administration to the Central Bank, most notably "currency auction" and all raised on these operations of suspicions, as well as the decline in the value of the Iraqi cash reserve to half a half during the past three years, in addition to failing in the management of banks And its transactions.

The party called on the Prime Minister to include this decision within the reform measures promised by the people.

An international study conducted by a center of financial studies sparked a major uproar in the Iraqi street after Kassua was classified as the head of a central bank in the Middle East and Africa.

http://www.skypressiq.net/2017/12/9/%D8%A8%D8%A7%D9%84%D9%88%D8%AB%D9%8A%D9%82%D8%A9-%D8%AC%D9%87%D8%A9-%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9-%D8%AA%D8%AE%D8%A7%D8%B7%D8%A8-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%B1%D8%B3%D9%85%D9%8A%D8%A7-%D9%88%D8%AA%D8%B7%D8%A7%D9%84%D8%A8%D9%87-%D8%A8%D8%A5%D9%82%D8%A7%D9%84%D8%A9-%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A

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Iraqi Dinar/US Dollar auction results 12-7-17

Iraqi Dinar/US Dollar auction results 12-7-17 The results of the sale of foreign currency on Sunday 10-12-2017 and implemented on Thursday 2017/12/7 Announcement No. (3587) The date of sale – on Sunday 10-12-2017 and executed on Thursday 2017/12/7 the details: Amount Total sales for the purposes of strengthening assets abroad (transfers, credits) 109,930,442 Total cash […]

Genel Energy attempts to Refinance Bonds

Genel Energy has announced that it has instructed the trustee for the GENEL01 bonds (ISIN: NO 001 0710 882) (‘GENEL01’ or ‘the Bonds’) to summons a bondholders’ meeting to resolve a refinancing of the existing Bonds.

The Company proposes to refinance GENEL01 through a partial early redemption and debt reduction by replacing the existing Bond Agreement with a new USD 300 million bond agreement. Bondholders holding a significant proportion of the Bonds have confirmed their commitment to vote in favour of the proposal.

In the proposal, the Company seeks to reduce its existing bond debt from the currently outstanding USD 421.8 million to USD 300 million, and at the same time extend maturity through amending and restating terms to a new 5 year bond with a coupon of 10% per annum.

Bondholders will, on a pro-rata basis, receive a partial early redemption of USD 121.8 million in cash at the prevailing call premium of 103% of par value. The remaining USD 300 million outstanding Bonds will remain outstanding with the same ISIN but with new and amended terms as set out in the term sheet described in detail in the summons for bondholders’ meeting (available at www.stamdata.com).

The bondholders meeting will be held on 20 December 2017 at 09:00 CET at the premises of Nordic Trustee AS. If approved, cash settlement and amendment of terms are expected to take place on 22 December 2017, subject to approval by the bondholders’ meeting.

The Company has mandated DNB Markets and Pareto Securities as managers for the contemplated transaction.

(Source: Genel Energy)

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Iraqi Dinar/US Dollar auction results 12-5-17

Iraqi Dinar/US Dollar auction results 12-5-17 The results of the foreign currency sale window on Wednesday 6-12-2017 and issued on Tuesday 2017/12/5 Announcement No. (3585) Date of sale – on Wednesday 6-12-2017 and the port on Tuesday 2017/12/5 the details: Amount Total sales for the purposes of strengthening assets abroad (transfers, credits) 114,931,893 Total cash […]

The Central Bank strengthens banks in local currencies of small groups

The Central Bank strengthens banks in local currencies of small groups
12/5/2017

The Central Bank of Iraq called for the need to preserve the local currency, pointing to the strengthening of local banks in local currencies of small groups.

A source from the Central Bank of "Al-Ghad Press", said on Tuesday that "the bank calls for the preservation of the local currency and the strengthening of banks with small groups of local currency," pointing out that "the printing of the Iraqi currency and replace them cost amounts," calling on citizens to maintain and maintain Bank notes when trading ".

He revealed that "the Central Bank has announced a tender for the printing of new banknotes (small categories) in the printing companies of the world."

The source said that "the Central Bank to pay cash from small groups to government banks and private banks have been distributed amounts given to banks during the month of November last year of the current (554,000,000) dinars (one hundred and fifty-four million dinars)

category 1000 dinars and the amount of (202,500,000) Dinars (two hundred and two million five hundred thousand dinars) category of 500 dinars,

"adding that" the Central Bank of Iraq pays to the Rafidain and Rashid Bank an amount of not less than (200 million) dinars (two hundred million dinars to change) in almost every withdrawal of its own assets.

https://www.alghadpress.com/news/%D8…A6%D8%A7%D8%AA

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