Archive for December, 2010

Iraqi’s make 2011 wishes; Security, Stability, and Economic Prosperity

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Currency Newshound Commentary: Iraq will be an Arab superpower in years to come – Baghdad, Erbil, Basra, and Iraqi cities alike will possibly rival a modern metropolis such as Dubai.  But today, Iraqi’s suffer from dire physical and economical situations. I wish the very best for them in 2011.

Back home in the USA…I think many of us could wish for the very same things….Security, Stability, and Economic Prosperity.  It may not be Baghdad…but the US has suffered enough over the past few years and Lord knows we all could use some good news in 2011!

Wish the Iraqis in 2011: security, stability and economic prosperity

Baghdad, 31 December (Rn) – looking forward to many Iraqis to be in 2011 in the security and stability, while others were hoping to prosper the country’s economy by creating solutions to the housing crisis and improve the income of citizens.

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Thursday evening, fire breaks at Ministry of Oil; Source says some contracts and file are damaged

Posted: December 31, 2010 in Iraqi Dinar/Politics
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File:Baghdad fire department engine Iraq.jpgMinistry of Oil: the fire that broke out in the ministry was in a section of contracts and the burning of CD’s and contracts with States

Palms – A source familiar with the fire, which broke out yesterday at the Ministry of Oil was in a section of contracts and the source said that a fire broke out yesterday was the third floor, includes floor contracts signed with foreign companies and local communities and individuals.

And Acharalamsdr who works at the Oil Ministry to the floor was damaged heavily by the fire and a large number of contracts, whether paper or burned CD’s and as usual, the ministry said an electrical short circuit caused the fire.

http://bit.ly/ggELWd

Sistani’s representative lambastes way of choosing new ministers

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Karbala, Dec. 31 (AKnews) – The representative of the Shia religious authority Ali al-Sistani in Karbala criticized Friday the new government’s way of choosing the new ministers saying it lacked professional standards to choose the appropriate ministers.

Ahmed al-Safi said during the Friday prayers that the criteria used in selecting candidates for the ministries was not better than the experience of the previous government which he described as a “failure” because non-competent persons assumed ministerial office.

Iraq’s political blocs shared the government posts based on a power-sharing deal. Each bloc that had won ministerial portfolios would send the CVs of three candidates to Prime Minister Nuri al- Maliki could study them and choose the best.

AKnews

Iraq: Population census will be in April if there is political consensus

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Baghdad / 31 December (Rn) – The deputy of the Iraqi List, Friday, that the census will take place next April in the event received a political consensus in the disputed areas.

Omar al-Jubouri of Kurdistan News Agency (Rn) “The census will not be before next April because of the holidays and religious occasions and the half-year exams for school students and teachers who rely on them to the Ministry of Planning to conduct a census of population.” 

He said Jubouri, a deputy from Kirkuk to the “Committee for Kirkuk, formed by the Ministry of Planning to resolution No. 86 which confirms the choice of Vice-Arabs and Kurds, two deputies from the two deputies of the Turkmen had not met yet.”

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Kurdistan: Tight security on the eve of New Year celebrations

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Erbil – “Weekly”: officials said on Thursday that the Kurdistan region of Iraq has strengthened security measures before New Year’s Eve after the arrest of militants said the al Qaeda-linked groups have begun turning their attention towards the region is relatively secure.

Is seen by investors and a lot of Iraqis to the Kurdish region of Iraq that have not significantly affected by the war as a safe haven in a dangerous country.

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FYI: Document protects investors abroad in Iraq; Coalition Provisional Authority Order #39 – Foreign Investment

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Currency Newshound Commentary: There has been many questions regarding the Iraqi Dinar and if investors abroad are protected outside of the Iraqi borders as investors in Iraq’s currency. This document signed by Paul Bremer in 2003 illustrates the following protections. Items of importance are underlined.

"CPA" Coalition Provisional Authority - US Embassy Baghdad Iraq

CPA/ORD/19 September 2003/39
COALITION PROVISIONAL AUTHORITY ORDER NUMBER 39
FOREIGN INVESTMENT

Pursuant to my authority as Administrator of the Coalition Provisional Authority (CPA)
and the laws and usages of war, and consistent with relevant U.N. Security Council
resolutions, including Resolution 1483 (2003),

Having worked closely with the Governing Council to ensure that economic change
occurs in a manner acceptable to the people of Iraq,

Acknowledging the Governing Council’s desire to bring about significant change to the
Iraqi economic system,

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Jordanian Prime Minister Samir Rifai, postponed his visit to Baghdad next Monday

Posted: December 31, 2010 in Iraqi Dinar/Politics
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The Iraqi government spokesman Ali Dabbagh said the Jordanian Prime Minister Samir Rifai for his visit to Baghdad, which was scheduled yesterday to next Monday. But did not reveal the reasons for the delay, saying only in a press statement that the visit «postponed from Thursday (yesterday) to next Monday». And I learned from the network

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Kurdish parliament may convene during recess for budget bill

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Erbil, Dec.31 (AKnews)- A member of the Kurdistan Regional parliament said parliament convenes to discuss budget bill anytime the bill arrives, even during parliamentary recess.

The Kurdish parliament has four months recess, Jan. to March and July to Sep.

Zakiya Salih told AKnews the lawmakers are requested to gather in parliament anytime the bill reaches the Kurdish parliament.

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The Ball in the Court of Iraq

Posted: December 31, 2010 in Iraq: Chapter VII, Iraqi Dinar/Politics
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The Great Transformation mechanisms
Baghdad: Centric settlement to end two decades of international sanctions on Iraq that were revealed by the three resolutions adopted by the UN Security Council in the middle of last month, about downloading Iraq responsible for resolving the consequences of two cases left behind by the Security Council, outstanding and are the final settlement of a compensation and the border with Kuwait, and the arrangements for the closure « Development Fund for Iraq »includes solving the problems of lifting the immunity from Iraqi funds in U.S. banks by August (August) next year.

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Talabani reflects on Iraq’s success; UN Sanctions and Formation of Government

Posted: December 31, 2010 in Iraqi Dinar/Politics
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President of Iraq

Jalal Talabani

Talabani: succeeded in 2010 out of the dark tunnel of international sanctions

BAGHDAD (Babuz): Iraqi President Jalal Talabani, Iraq succeeded in 2010 by finishing the largest capital terrorism WWDC nests and face the remnants of firmness and determination with great and out of the long tunnel, which found the Iraqis themselves the result of frivolous policies of the former regime and dragged him to Iraq of UN sanctions The people of Iraq, the lives of the foundation.

This came in a speech addressed to Talabani, the Iraqi people today on the occasion of the new year and the following text of the speech:

“With the advent of a new AD, we present to the people of the Iraqi people our warmest wishes to be the birthday of the new goodness and blessing and peace, a year of renewed hopes and aspirations to continue to work towards laying the foundations for the new Iraq, democratic, federal Iraq free.

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IMF: Two-speed Recovery to Extend into 2011

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Global Economy

  • Two-speed recovery to dominate 2011, with growth remaining slow in advanced economies
  • In emerging economies, challenge for some is to manage possible overheating and capital flows
  • Number of countries in Europe face tough and long macroeconomic adjustment

The two-speed global economic recovery is likely to dominate 2011, with weak growth in advanced economies barely enough to bring down unemployment and emerging markets facing the challenges of success, including how to avoid overheating and handle strong capital inflows, the IMF’s Chief Economist, Olivier Blanchard, said.
In an assessment of the global economy at the end of 2010, and the prospects for 2011, Blanchard said that countries should continue to focus on rebalancing their economies in the coming year, including structural measures and exchange rate adjustments.

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Economist Opinion: Delay approving the budget would reduce the incentive for private sector investment

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Baghdad (news) .. warned a financial expert, Dr. Hamad Al-Bashir Alwan of the delay in approving the budget for the financial Szbbh to reduce the incentive for private sector investment in the country.

Hamad said in a statement to the reporter Agency (news) said today that there is a significant effect might bring delay budget economic because the expenses of the state represents the many aspects of investment expenditure, which absorbs unemployment, including manufacturing, which fill the deficit in the low level of income for many segments of society as well as an actual expenditure by represent the benefits and services that benefit the community and the Iraqi economy.

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Amb of Czech Republic: You must change the distorted image of Iraq in the media

Posted: December 31, 2010 in Iraqi Dinar/Politics
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BAGHDAD / Aswat al-Iraq: invited the Ambassador of the Czech Republic in Baghdad, Thursday, to change the image of Iraq, “distorted” in some media that are trying to show that the country is destroyed and full of terrorists, during a meeting with the Minister of Culture, the new Saadoun al-Dulaimi, said in a statement to the Office of the latter.

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Iraq urges creation of exclusive Arab trade organization

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Baghdad, Dec.31 (AKnews)- The Iraqi prime minister, Nouri al-Maliki’s adviser for financial affairs said Thursday in the coming Arab Summit in Baghdad, Iraq will urge creation of an “exclusive” Arab trade organization, similar to the World Trade Organization (WTO).

The organization is to boost economical cooperation and trade exchange among the oil producing, industrial and commercial Arab countries, Salam Qurayshi told AKnews.

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IMF Determines New Currency Amounts for SDR Valuation Basket

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Press Release No. 10/516  December 30, 2010

The International Monetary Fund (IMF) announced today the revised amounts for the four currencies that determine the value of the Special Drawing Right (SDR). Effective January 1, 2011, the value of the SDR will be the sum of the values of the following amounts of each currency:

U.S. dollar 0.660
Euro 0.423
Pound sterling 0.111
Japanese yen 12.1

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Kuwaiti ambassador stresses his country’s support to search for the missing Iraqis and Kuwaitis

Posted: December 30, 2010 in Iraq: Chapter VII, Iraqi Dinar/Politics
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BAGHDAD / Aswat al-Iraq: Kuwaiti Ambassador to Iraq, to the insured, on Thursday, his country’s support for Iraq through the joint work to search for missing Kuwaiti and Iraqi response to the families of the victims, according to a statement by the Iraqi Human Rights Ministry.

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Iraq Ministry of Planning to launch 117,000 governmental careers in January

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Babel, Dec.30 (AKnews) – The Iraqi Ministry of Planning announced Thursday to launch 117,000 career degrees in the coming January; including all the Iraqi ministries through their department in all the Iraqi provinces except for Kurdistan region.

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Iraq prepares for military parade January 6; 90 year celebration

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Baghdad (news) .. A source at the Ministry of Defence said his ministry will organize a review of the armed forces, a brief summary on Thursday, January 6 to celebrate 90 years on the establishment of the Iraqi army in the presence of official and popular chief.

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Abdul Mahdi to be Iraqi vice president

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Dr ADIL ABD AL-MAHDI in his presidential palac...

Adel Abdul Mahdi

Baghdad, Dec. 30 (AKnews) – A member in the Supreme Council of the National Coalition, said on Thursday, that the Vice-President position was reserved for Adel Abdul Mahdi, pointing out that the president Jalal Talabani insisted on this.

Abdul Hussein Abtan, told AKnews that Mahdi will have the position of the Iraqi vice president as a candidate of the National Coalition.

Abtan mentioned that Mahdi was chosen by the presidnet, becuase he was recognized for beeing a hardworder as the vice president during the past period.

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CBI website down, again

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Update: As of 3:30pm CBI’s website is back and operational…still no change

Since last evening the official Central Bank of Iraq website remains down.  The website continues to list bandwidth exceeded as the cause.

Site address: www.cbi.iq

When reviewing the cached site the last exchange rate update was 12-29-10, selling at 1170

http://webcache.googleusercontent.com/search?q=cache:9SWUxfzlWIgJ:www.cbi.iq/+cbi.iq&cd=1&hl=en&ct=clnk&gl=us&client=safari

Kurdish Lawmaker: New budget had serious issues

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Kurdish lawmaker: the new budget was deleted paragraphs and paragraphs of the said other serious

The MP said the Kurdistan Alliance Farhad Atrushi that the federal budget for 2011 in clear contravention and violation of the Constitution in several paragraphs of the most prominent of the province is not entitled to take the aid and grants from foreign countries and organizations only after the approval of the Ministry of Finance and the violation of Article 115 of the Constitution.

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Maliki meets Jordanian Prime Minister to the President and high-level delegation

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Jordanian Prime Minister Samir Rifai, the second high-level Arab figure to visit Baghdad since the formation of new government after the Egyptian Foreign Minister Ahmed Aboul Gheit.

An official source said that Al-Rifai, who heads the government delegation, including ministers and officials met with investment companies within the framework of his official visit, and upon arrival Iraqi Prime Minister Nuri al-Maliki.

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Zirhakouk discusses the rights of prisoners and missing persons file with the Ambassador of Kuwait

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Met with the Minister of Human Rights Mohamed Shia’a Sudanese Kuwaiti ambassador to Iraq in his office to discuss the issue of prisoners and missing persons between Iraq and Kuwait.

He said the ministry’s press office for the (Iraqi News Agency Information / INA) that the Kuwaiti Ambassador to the insured at the start of the meeting, presented his government’s congratulations to Sudans assuming his duties in the ministry.

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Government adviser: Iraq will present the formation of an organization of trade in the Arab Summit

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Baghdad 30 December (Rn) – The adviser to Prime Minister Nuri al-Maliki for Economic Affairs, on Thursday, that Iraq will demand the participating countries in the Arab Summit in Baghdad need to form an organization for Arab trade like the WTO to promote economic cooperation and trade between the countries.

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Iraqi lawmaker calls for the withdrawal of a ration of trade for the benefit of the provincial councils

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Baghdad, December 30 (Rn) – A member of the Iraqi List led by former Prime Minister Iyad Allawi, on Thursday, the House of Representatives to proceed with a law provides for the transfer file ration card from the Ministry of Trade to the provincial councils.

Revealed the Iraqi trade, on Monday, last cut the ration card items to four items according to the ministry’s plan for 2011 after it had been five, with has developed a plan included withholding the ration cards for government employees who earn salaries of up to one million and a half million Iraqi Dinars.

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al-Hakim receives Kuwaiti Ambassador in Iraq

Posted: December 30, 2010 in Iraqi Dinar/Politics
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His Eminence Sayyed Ammar Hakim, head of the Iraqi Islamic Supreme Council of the morning of Monday, 27/12/2010 Kuwaiti Ambassador in Iraq, Sheikh Ali al-insured.

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Exchange of visits by senior officials between Iraq and Kuwait in the coming days

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Baghdad (Tarek Araji): revealed by the Secretariat of the Council of Ministers for the next few days will witness the exchange of visits between senior Iraqi and Kuwaiti officials, as promised to the invitation of the President of the House of Representatives Osama Nujaifi to visit Kuwait as a positive development towards the end of the outstanding issues between the two countries.

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Passports will resume next week

Posted: December 30, 2010 in Iraqi Dinar/Politics
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The Interior Ministry announced the resumption of work by issuing passports to all citizens over the next week.

The director of travel and Major General Yassin Yasiri in an exclusive statement (statement): the passport offices across Iraq will resume its work next week granting of passports to citizens in general, after the cessation of grant for the purposes of the annual inventory and compliance and auditing of revenues and expenses of the Department of Passports, indicating that these action taken.

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Second figure Arab, Jordanian Prime Minister Arrives in Baghdad after the formation of the government to convey a message from Abdullah to Maliki

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Palm – An official source at the Iraqi prime minister, announced that the Jordanian Prime Minister Samir Rifai, arrived this morning in Baghdad as part of an official visit, indicating that Al-Rifai, who met with Maliki‘s arrival, the figure is the second high-level Arab visit Baghdad after the formation of the government.

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Jordanian Prime Minister to visit Baghdad on Thursday

Posted: December 30, 2010 in Iraqi Dinar/Politics
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Baghdad (news) sources high-level government’s intention to Jordanian Prime Minister Samir Rifai visit Baghdad on Thursday. The sources said (of the Agency news) said on Tuesday: “The purpose of the visit was to support the government formed by Prime Minister Nuri al-Maliki, and activating joint cooperation between the two neighboring countries.

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