Archive for January 5, 2011

Economic forum calls for removing obstacles to private sector

Posted: January 5, 2011 in Iraqi Dinar/Politics
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05/01/2011

Recommended developing a system of contracts and detect corrupt

Recommended symposium Academy Iraq recently organized by the Iraqi National Business Council in cooperation with the Integrity Commission under the slogan (integrity based on work and development in building the new Iraq) need to increase the organization of workshops for all the provinces to raise awareness of the risks of corruption to develop mechanisms to develop a system of contracts and tenders and disclosure of mischief and combat.

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Barzani says Kurdistan wants to foster relations with Kuwait

Posted: January 5, 2011 in Iraqi Dinar/Politics
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January 5, 2011 – 07:05:22
ARBIL / Aswat al-Iraq: President of Iraq’s Kurdistan region, Massoud Barzani, said on Wednesday that the Kurdistan leadership has a strong desire to boost relations with Kuwait, according to a presidential statement.

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Arab League confirms Iraq hosts next summit, its first in 20 years

Posted: January 5, 2011 in Iraqi Dinar/Politics
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CAIRO – Arab League Undersecretary General Ahmed bin Helli has confirmed that Iraq will host the next Arab League summit — the country’s first in 20 years.

Arab League Secretary-General Amr Moussa will travel to Baghdad on Saturday to discuss preparations for the meeting.

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Allawi: Law Council is ready to be presented to the House of Representatives

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Former Prime Minister Iyad Allawi said preparations for the Council for National Policy Strategy is nearly complete and will bill this month to parliament for approval. After the preparation of the legal form.

Allawi said in a press statement that the consensus that has taken place between him and Nuri al-Maliki and President of the National Movement for Reform Ibrahim al-Jaafari easy process to accelerate the creation of the Policy Board to work according to the draft law.

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Restructuring of the Iraqi currency without issuance of new categories

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Posted 05/01/2011

Baghdad (Alaa Youssef): denied the Iraqi Central Bank Consultant Dr. Mohammad Saleh appearance of press reports that the Iraqi version of a new class of Iraqi currency worth one hundred thousand dinars, indicating that this is not the Central Bank programs.

He said that the central bank is considering the restructuring of the currency in terms of specifications and forms, not including the issuance of such a category, where it is currently thought to reduce the zeros in the Iraqi currency, and not increase as stated in the news.

Al-Sadr returns to Najaf after 3 years in exile

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Cleric Moqtada al-Sadr’s return to the holy city of Najaf

Palm – An informed source in the governorate of Najaf, the leader of the Sadrist movement, Mr. Sadr has returned to Najaf after more than three and a half years to leave Iraq.

The source said in an interview that the information indicates that al-Sadr will hold his first Friday prayers in the courtyard Sharif upper end of the week.

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Finance: Delete the zeros of the local currency enhances the value of the Iraqi dinar in the International Monetary Fund

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Palms – The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the International Monetary Fund.

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President Nujaifi confirms that the House of Representatives will continue with its interest in people and makes them feel their

Posted: January 5, 2011 in Iraqi Dinar/Politics
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The head of the Iraqi Council of Representatives by Mr. Osama Abdel-Aziz al-Najafi, that the House of Representatives will continue with the Iraqi people in all Iraqi provinces, to make him feel that he continued with him through seeing the problems it faces.

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Zebari is headed by a technical committee for the protection of Iraqi funds abroad

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Hoshyar Zebari

Baghdad, Jan. 5 (AKnews) – A senior Finance Ministry official said on Wednesday that the Foreign Minister Hoshyar Zebari will head a governmental committee developing mechanisms to protect Iraqi funds deposited in foreign banks after the UN Security Council resolution in mid-November last year to withdraw its protection of those funds at the end of June.

Diya Khayyoun, the Undersecretary of the Finance Ministry told AKnews that the committee includes the Secretariats of the Council of Ministers and the Finance Ministry.
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Iraqi budget for the lack of distributive justice

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Raised Iraq’s budget for 2011 approved by the Council of Ministers the end of December last year, many reactions.

He criticized the budget officials and lawmakers, and specialists pointed to the existence of weak points where is the inequitable distribution of benefits to the beneficiary institutions. In addition, there is a bug in how to accommodate the surplus of funds in the government.

The head of the Department of Economics at the University of Basra, Ahmed Jassim The 2011 budget, although it seems from the huge budgets of the Iraqi state, they are very poor in terms of the distribution mechanism of these allocations.

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Opinions: Economic relations with neighboring states

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Wednesday, Jan 5 2011

The agreement, signed by the Iraqi government with the Jordanian side as part of the transfer of crude oil and economic exchange was the subject of welcoming political alliance national stressed that this move would be enough to revive the economic side, with attracted the Iraqi List, the sails of the government to open channels of economic cooperation with all neighboring countries because of their effects positive trade.

Hussein net / Deputy for the National Alliance:
We hope all countries, especially neighboring countries to support Iraq in the economic side .. It is essential that there be a real support through increased exports, goods and commodities traded, which is reflected on the economy directly

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Vietnam needs to tighten its monetary policy

Posted: January 5, 2011 in Asian Currency Markets
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VietFinanceNews.com – During the past decade, the government of Vietnam has continued to use a loose monetary policy to stimulate growth but it ignored some fundamental reforms.

In December, 2010, Vietnam’s inflation was up to 11.75 percent over the same period last year – the highest level in 22 months. dong continued be to weakened against the US dollar.
All these factors are making investors afraid to hold the assets and cash flows are leaving Vietnam.

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166 Iraqi lawmakers fined for absence

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Erbil, Jan.5 (AKnews)- The media secretary for the Iraqi parliament said Tuesday during the total 13 sessions of parliament since its election totally 166 members were absent in nine sessions for which they were fined.

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Erbil Bank Manager Arrested Over Missing US$2.14 million

Posted: January 5, 2011 in Iraqi Dinar/Politics
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imageERBIL, Iraqi Kurdistan: Both the former general manager and the chief accountant of the Federal Bank in Iraqi Kurdistan’s capital, Erbil, have been arrested for allegedly embezzling 2.5 billion Iraqi dinars (US$2.14 million) worth of bank funds, says Kurdistan Deputy Finance Minister Rashid Tahir.

The deputy minister told Rudaw the matter was under investigation and the public would be informed of the case’s progress “in the future.”

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Kurdistan: Opposition Mounts against Kuwait Compensation Bill

Posted: January 5, 2011 in Iraqi Dinar/Politics
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A bill which is being discussed before the Parliament in Baghdad will require Iraqi Kurdistan to participate in the compensation to Kuwait for the 1991 invasion, although some Kurdish MPs have voiced against the proposal for the reason that Kurds were the first victims of the Saddam regime.

Iraqi Kurdistan will have to pay US$197 million annually from its oil revenues toward Iraq’s debt to Kuwait beginning from next year, according to a new bill currently before the Iraqi parliament.

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Deputy for the National confirms the resolution of naming candidates and electricity trade

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Baghdad, January 5 (Rn) – The deputy of the National Alliance, on Wednesday, to resolve a file of candidates for the ministries of electricity, which is the share of the Iraqi List and Trade, who share a coalition of Kurdish blocs.

The MP said the Alfalh told the Kurdish news agency (AKnews) that “there was an agreement on candidates for the ministries of trade and electricity and is scheduled to arrive in their al-Maliki to the House of Representatives at its next two meetings.”

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Observers call for bridging the budget deficit in 2011 from oil revenues accumulated by the high prices

Posted: January 5, 2011 in Iraqi Dinar/Politics
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He and former oil minister Ibrahim Bahr al-Ulum-free state budget for the year 2011 from the vision of economic strategy. Uloum said in remarks published recently: the government can fill the shortfall in the budget through the cash benefit from the accumulation

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Iraq’s Ambassador to Kuwait’s opinion: It is not only for Iraq to implement international resolutions

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Jordanian Al-Rai newspaper said that the visit of Prime Minister Samir Rifai, Jordan to Baghdad constituted a step forward and an opportunity for the two countries to develop relations on various levels.

Rai said in an editorial that the visit came to indeed reflect the keenness of the King to open new horizons for cooperation between the two countries, under the guidance of ownership to stand by the Iraqis and to provide all the support and backing them at this point.

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Stability of the prices of food products and the currencies in the market today

Posted: January 5, 2011 in Iraqi Dinar/Politics
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Baghdad Chamber of Commerce announced on Wednesday the movement of prices of products, foodstuffs, and local and imported goods displayed in the local markets. And currencies. Products, foodstuffs, and local and imported goods displayed in the local markets.

That “the prices of food products has stabilized to a significant increase from what it was in the beginning of the month (more…)