Archive for December 29, 2010

VietFinanceNews.com – The State Bank of Vietnam has issued a press release about the banking operation report of the banking sector in 2010 and tasks in 2011.

According to SBV, the evolution of the economic situation in the country and the world has both positive and negative influence to the operating results of monetary policy of SBV and changes in the operation of the banking system in 2010.

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Iraq will steer world oil policy once the deals it has signed with foreign firms are implemented, said Deputy Prime Minister for Energy Affairs Hussein Shahristani.

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Deputy calls for legislation to the House of Representatives a law regulating the salaries of the three presidencies and members of the Council

The member of the National Alliance Habib Terminal that salaries and benefits charged by the three presidencies and members of the House of Representatives and their staff drain gain of 21% of the operating budget for next year, calling the House to legislation governing the law of salaries and allowances.

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Jawad al-Maliki meets with Secretary of State ...

Iraqi PM al-Maliki

Maliki: I do not have any kind do not invest money abroad, I nor my family members, and the media is open to introduce any evidence from him

Palm – denied Iraqi Prime Minister Nuri al-Maliki‘s national team having investments abroad, and said I do not have any kind of investment in funds abroad, neither I nor my family members, and is open to the media shows no evidence of any investment.

Maliki said during a media statement he did not have any investments not at home or abroad, stressing always hear accusations haphazardly, but all charges are baseless and fabricated media to tarnish the image of Iraqi citizens.

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Deputy Central Bank Governor Dr. Ahmed Abrihi’s (range economic): The Iraqi economy is free from signs of departure is still the Renaissance expected has not been completed as requirements preparations after her, as well as the problem of electricity is still the other as it is such an important issue because of the economic renaissance

And noting that in light of this glaring deficit in electric power which is the engine of all the colors of economic activity.

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BAGHDAD (Agencies): The secretary-general of the United Nations Ban Ki-moon, the international organization’s readiness to continue supporting the Government and people of Iraq in different fields.

He said in a congratulatory message he received from Iraqi President Jalal Talabani, on the occasion of his re-election as president of Iraq and deployed Iraqi presidential press office said Wednesday, “I will look forward to everything the United Nations can play support to the Government and the people of Iraq.”

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Baghdad / 29 December (Rn) – The deputy of the Iraqi National Alliance, on Wednesday, that the political blocs agreed on the Adoption of the budget law in 2011 mid-next month.

Haidar al-Yasiri of Kurdistan News Agency (Rn) that “the political blocs agreed on the Adoption of the budget law in 2011 the middle of next month after the discussion away from technical and political objectives.”

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Deputy chairman of the Commission on oil and gas in the previous parliament, on Wednesday, to cover imports of Iraqi oil shortfall in the federal budget for next year, demanding the government increase the budget of the Ministry of Oil and make way for the national private sector to invest the oil sector, as warned against allowing foreign companies to export oil.
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Announced that the Iraqi market for securities, on Wednesday, the high indices during the year 2010 compared to last year’s indicators, pointing out that it has signed a memorandum of understanding with market Arbil Stock Exchange in order to activate the stock market and connect them with the Iraq Stock Exchange.

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Currency Newshound: The following is a letter submitted by a Facebook follower (Thanks Ron!).  The letter is from Mr.Pratt of US Dinar Bank.  It would appear Mr. Pratt, US Dinar Bank, and Warka Bank are just as excited as the rest of us.  Use your best judgement…In my opinion…Don’t buy into scare tactics

You contacted us within the last three weeks and requested my White Paper about the smart way to invest in the Iraqi Dinar.

I trust it was helpful in convincing you that owning your Dinars via opening a commercial bank account in Iraq is the only sure way to protect your investment from all of the negative things that are real possibilities in any country’s currency revaluation process.

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2010 Operational Rates of Exchange

Last updated 29 December 2010 for the effective date of 31 December 2010 and thereafter until further notice.

2010 spreadsheet (Excel file)

San Diego, CA (PRWEB) December 29, 2010

“The formation of a government in Iraqi last week has re-enrgized speculators in the Iraqi Dinar” says David Pratt of U.S. Dinar Bank who cautions people that while these recent events are encouraging, people should heed the statements made by the Iraqi Ministry of Finance –“ Iraqi Customs does not permit the entry of IQD currency and will confiscate funds, and that FedEx is not permitted to handle and deliver IQD currency in or out of Iraq”.

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al-Hamdani: Iraq will join the Trade Union Gulf
The head of the Federation of Iraqi Chambers of Commerce Jaafar al-Hamdani said Wednesday that Iraq is soon to join the Federation of GCC Chambers during a meeting of the heads of the Federation of GCC which will be held soon.

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Baghdad, December 29 / December (AKnews) – According to a member of the National Alliance, on Wednesday, that the salaries and benefits charged by the three presidencies and members of the House of Representatives and their staff drain gain of 21% of the operating budget for next year, calling the House of Representatives legislation to the law governing salaries and allowances.

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Central Bank Consultant: price stability because of imports from Turkey in Euro

Baghdad (news) .. announced the appearance of the central bank adviser for a retreat in the annual inflation in Iraq, after controlling the levels of liquidity and reduce inflationary expectations, pointing at the same time that Iraq needs imports from Turkey in Euro.

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Erbil, Dec. 29 (AKnews) – A tripartite committee has been formed to find ways to define the powers of the Prime Minister Nuri al-Maliki in a deal that will satisfy all political actors in Iraq.

The three-person committee is formed of a representative of each of the Kurdish Blocs Coalition (KBS), the al-Iraqiya list and the National Coalition (NCC) led by Iraqi PM Nuri al-Maliki.

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Iraq’s 2011 budget bill back to govt for amendment due to disputes

Baghdad, Dec. 29 (AKnews) – Iraq’s 2011 budget bill will be returned to government for modifications before being passed to the Iraqi parliament for the first reading in January, a Kurdish MP said.

The Kurds objected to the draft budget because it did not clearly contain provisions for the budgets of the Kurdish forces known as Peshmarga, and the regional government were not satisfied with their share of the budget.

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Baghdad (news) .. An advisor of the Iraqi List, Dr. Hani Ashour said the law of the National Council of the policies the Supreme complete in all its aspects no longer be any differences with the National Alliance and will be submitted to a vote after the tenth of next month, the end of the recess is scheduled to begin formed by Dr. Iyad Allawi and practiced his start in February next .

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Baghdad (News) .. / report / .. prevented the security force responsible for protecting the House of Representatives the entry of any person personally carrying a weapon, with the exception of a number of dignitaries, accompanied by members of the protection, prevention came have been distributed to all members of the House of Representatives, and the power Almkhmulp the protection of Parliament.

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A leading Kurdish lawmaker Mahmoud Othman said that the Kurds are concerned about the convergence of the largest blocs parliamentary commissions (the Iraqi National Coalition) of each other, saying that he would be most likely at the expense of the Kurdish interest.

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The commercial attache at the Iraqi Embassy in Cairo on Tuesday, said Iraq told the General Secretariat of the Arab League, all actions and measures taken by him to remove non-customs restrictions on trade with other countries.

Commercial attache at the Iraqi Embassy in Cairo “Said Ali Abdul-Zahra head the Iraqi delegation at a meeting of the Trade Negotiations Committee, which was held today at the Arab League in Cairo, told the Kurdish news agency (Rn) that” Iraq now has a trade policy devoid of any protective is much more than it was before.

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