The first partial solar eclipse 2011 is scheduled for January 4th, 2011, and will be seen in Europe, Africa and Central Asia. This eclipse will begin at 06:40:11 UT (Universal Time)) and culminates at 11:00:54 UT. The greatest eclipse – the point of time when the distance between the Moon’s shadow axis and Earth’s center is the minimum – will happen at 08:50:35 UT over northern Sweden. If you live in northern Africa, the Middle East and Central Asia, you will be able to witness this eclipse.
Archive for January 1, 2011
Reminder: Partial Eclipse of the Sun in Iraq next Tuesday, Jan 4
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Africa, Asia, Central Asia, Earth, Eclipse, Iraq, Lunar eclipse, middle east, NASA, Russia, Solar eclipse, Sun, Universal Time
CBI: Annual inflation eased in Iraq, after controlling the levels of liquidity and reduce inflationary expectations
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank of Iraq, exchange rate, Inflation, Iraq, Monetary policy, Saleh, Turkey
The advisor said the central bank in favor of the appearance of the annual inflation fell in Iraq, after controlling the levels of liquidity and reduce inflationary expectations, Pointing at the same time that Iraq has imported its needs from Turkey in Euro.
Attributed the appearance of low inflation, monetary policy of the Central Bank, which succeeded in gaining control of the levels of liquidity and reduce inflationary expectations.
The Iraq Constitution: Issuance of Currency, Monetary Policy
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Business and Economy, Central Bank of Iraq, Constitution of Iraq, Economy of Iraq, Government, Government budget, Iraq, Iraqi dinar, middle east, Monetary policy
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Currency Newshound Commentary: The following is an excerpt; Article 110 of the Iraqi Constitution which was submitted to Currency Newshound from a Dinar Speculator member (Thanks Mary).
The following may explain the reason or one of the reasons we have yet to see the RV. Reminder: Parliament reconvenes January 9th
Article 110: The federal government shall have exclusive authorities in the following matters:
First: Formulating foreign policy and diplomatic representation; negotiating,signing, and ratifying international treaties and agreements; negotiating, signing, and ratifying debt policies and formulating foreign sovereign economic and trade policy. (more…)
Parliament will discuss the Law of the Political Council and amendments to the budget after the current recess
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Iraq, Kurdish, Kurdish people, kurdistan, Mahmoud Othman, Member of Parliament, United States federal budget
Parliament will discuss the Law of the Political Council and amendments to the budget after the current recess
The MP said the coalition of Kurdish blocs Mahmoud Othman, a Saturday, the parliament will discuss after the holiday notes to the federal budget as well as the draft bill of the National Council of Higher Strategic Policy,
Iraq’s National Council for Strategic Policies to be formed end of January or early February (CORRECTED)
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: al-Iraqiya, Aswat al-Iraq, Ayad Allawi, Iraq, Iraqi National Movement, national coalition, Nouri al-Maliki, Prime Minister of Iraq
Iraq’s National Council for Strategic Policies (NCSP), proposed by al-Iraqiya Coalition, led by former its leader and former Prime Minister, Iyad Allawi, is expected to be formed by the end of January or early next month, Al-Iraqiya Coalition’s Legislature, Shaker Kattab, said on Saturday.
“The NCSP’s draft-law was sent to the Parliament for discussion and voting upon by the end of this month or early next month,” Kattab told adding that “any law needs several readings to be passed by the Parliament,” and reaffirming that all the points related to its draft-law had been explained.”
As regards to some candidates for the security ministries, Kattab said: “there is no difference towards the candidates, but the delay of their naming is due to the sensitivity of their ministries and their significance,” adding that such “delay for such a long time shall cost the Iraqi State and the society, a lot; so we wish to settle the issue of those ministries by next week.”
The new cabinet ministers in the challenge to prove merit in the new year
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Council of Representatives of Iraq, Iraq, iraqi list, Kurdish people, middle east, national coalition, Nouri al-Maliki, Sadrist Movement
The first week of the new year 2011 is considered the real start of the new government ministers who are facing many challenges to prove the first of merit in the positions they occupy.
Minister of the Iraqi List and the Sadrist movement may be preparing at the forefront of facing such challenges for several reasons, most important of the two lists were among the parliamentary opposition in the previous government and their presence in the current government to make them apply what they were calling to him.
Euro continues to rise against the U.S. currency and jump over the $ 1.34
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Australia, Australian dollar, China, Commodity, euro, Swiss franc, United States, United States dollar
The euro continued to climb against the U.S. currency on Friday to jump Foy level of $ 1.34, while the Australian dollar was the highest level in 28 years against its U.S. counterpart in thin trading at the end of the year as investors bet on continued strong global growth in 2011.
The euro climbed to 1.3424 dollars at extending its gains to 1 percent.
Allawi restore harmony and structure is an executive council and central committee
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Ayad Allawi, Baghdad, Iraq, iraqi list, Iyad Allawi, middle east, Prime Minister of Iraq
Ayad Allawi
BAGHDAD (Elaph): re the leader of the Iraqi bloc head the National Accord Movement, Iyad Allawi, the organization of movement and structure, through the election of an Executive Council political comprising 11 members and central committee of 150 members, and selection of officials to the branches of the movement in a number of provinces and develop an action plan to revitalize its mission and its internal, regional and international levels.
Attempts to narrow the powers of al-Maliki and prevent him from a third term
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Ammar al-Hakim, Ibrahim al-Jaafari, iraqi list, Islamic Dawa Party, Muqtada al-Sadr, national coalition, Nouri al-Maliki, Wael Abdul-Latif
Nouri al-Maliki
Baghdad (Ur News): Sources from within the National Alliance in Iraq that a tripartite committee composed of the Kurdistan Alliance and the Iraqi List and the National Coalition formed to define the powers of the current Prime Minister Nuri al-Maliki and the laws governing those powers and the number of times a rule, amid fears the growing influence of al-Maliki and his quest to arrange conditions in order to serve his third time as prime minister after three years or more.
Sources from the National Alliance, who heads the parliamentary faction, Ibrahim al-Jaafari said that Committee members are Rafie al-Issawi about the Iraqi List, and Rose Nuri Shawis from the Kurdistan Alliance and Hassan Sinead, for the National Alliance.
Iran took over OPEC presidency
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, iran, kuwait, Libya, OPEC, Qatar, Saudi Arabia, United Arab Emirates
OPEC
Erbil, Jan.1 (AKnews)- With the advent of the New Year 2011 Iran assumed the presidency of the Organization of Petroleum-Exporting Countries (OPEC). The tenure was determined by alphabetical order, Press TV reported.
This is the first time after 36 years that Iran occupies the position. The member states had in October meeting agreed on Iran’s presidency.
Basra will see the effective presence of the private sector in 2011
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Basra, Basra Governorate, economy, Investment, iran, Local government, Private sector
An official In the province of local economic Basra said the first quarter of 2011 will see the best presence of the private sector in supporting the national economy.
The head of the Union of Businessmen in Basra Sabih al-Hashemi’s (Agency Media News / INA) said Saturday that “the ground of abuse in the professional relationship between the private sector, local government and the investment of conservation took a new dimension after the relationship in the past suffered from episodes of the lack of clarity and the negative perception of the Union of businessmen, which means activating the role of the private sector”.
Iraq’s National Council for Strategic Policies to be formed end of January or early February (CORRECTED):
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: al-Iraqiya, Aswat al-Iraq, Ayad Allawi, Iraq, Iraqi National Movement, national coalition, Nouri al-Maliki, Prime Minister of Iraq
BAGHDAD / Aswat al-Iraq: Iraq’s National Council for Strategic Policies (NCSP), proposed by al-Iraqiya Coalition, led by former its leader and former Prime Minister, Iyad Allawi, is expected to be formed by the end of January or early next month, Al-Iraqiya Coalition’s Legislature, Shaker Kattab, said on Saturday.
The oil ministry expects oil prices to remain high globally in the new year
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Hussain al-Shahristani, Iraq, Iraqi Oil Ministry, middle east, Oil field, Oil Ministry, Price of petroleum, SOMO
Expected the Iraqi Oil Ministry, Saturday, to keep oil prices in international oil markets during the current year 2011 is high, due to high demand from the countries of the world, while noting that Iraqi oil exports for the current year may exceed one million and 900 thousand barrels per day.
The director of the Oil Marketing Company (SOMO), Falah al-Ameri said in an interview for “Alsumaria News”, “global indicators point to keep the price of oil in the oil markets, global high during the year 2011, despite the volatility from time to time,” noting that “survival of the rise comes because of the high demand for oil, especially in the winter. “
MP Mohsen al-Sadoun: Parliament will discuss the legal budget and the National Council after the recess
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Asian, Ethnicity, Iraq, Kurdish, Kurdish people, middle east, Middle Eastern, Nouri al-Maliki
Baghdad / m k 1/1/2011 1:53 pm. A member of the House of Representatives for a coalition of Kurdish blocs Muhsin al-Sadoun that “Parliament will be one of the first duties after the completion of the ratification of the legal holiday.
GCC urged to revise currency exchange rates
Posted: January 1, 2011 in Iraqi Dinar/PoliticsTags: Cooperation Council for the Arab States of the Gulf, DUBAI, exchange rate, Fixed exchange rate, Saudi Arabia, United Arab Emirates, United Arab Emirates dirham, United States
Dubai official says revision could be done within the monetary union
Gulf oil producers need to revise the fixed exchange rate of their currencies against the US dollar because of persistent fluctuations in the US
currency and post-crisis global fiscal changes, according to two Dubai officials.
While the fixed rate of the currencies in the six-nation Gulf Cooperation Council (GCC) had ensured financial stability at the beginning, this stability
bas been shaken by dollar volatility after the 1990s and the 2008 global economic distress, said Hani Al Hamli, Secretary General of the Dubai Economic
Council (DEC).
He said the revision of exchange rates in the region could be done within the monetary union, which was launched by four GCC members in early 2010.
“The US dollar has witnessed dramatic changes since early 1990s while the economies of the GCC countries have passed through serious challenges because
of the global crisis,” he told the semi official Alittihad daily.
“These developments should prompt the GCC countries to revise the present currency exchange rates given their heavy reliance on oil exports, which are
priced in US dollar…this revision should be accelerated by the fact that the spectre of a currency war could have serious consequences to the world
economy, destabilise the financial order and bring back protectionism.”
Another official said the UAE, which is not signatory to the GCC monetary union, is not in a “pressing need” for unpegging its dirham from the US
dollar, to which most other GCC currencies are attached.
“But I think that with the continued weakening in the US dollar, the UAE should consider other options and strategies in case of a dollar crisis…..in
the short term, I believe the UAE should not unpeg the dirham from the US currency,” said Abdul Razzak Al Faris, chief economist at DEC.
