(12/02/2011) Dr. Majed Khurshid said the economic advisor in the Presidency the importance of the adoption of economic plans fit the reality experienced by all sectors at all levels, especially that the country can access the economic problems if adopted plans to activate all the fields of employment and services concerned with the Iraqi citizens and the country’s economy. Khurshid said in an interview (morning): that the process of economic reform that was sought by the country requires to work towards achieving sustainable development, through the identification of fiscal policy and advisory services, industry and agriculture, pointing out that the country to this day does not have a clear vision of the Iraqi economy,
Archive for February 11, 2011
Adviser in the presidency: the adoption of a comprehensive economic policy reform to ensure sustainable development
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Business and Economy, Central Bank of Iraq, Economic, economy, Economy of Iraq, Inflation, Iraq, middle east
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The Motely Fool: Protect Yourself From the Dollar’s Decline; Invest in Foreign Currency
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Currency, exchange rate, Global financial system, International Monetary Fund, Recreation, Reserve currency, Travel, United States dollar
It wasn’t that long ago that many saw the U.S. dollar as the safest currency in the world. Now, though, a combination of factors has raised questions about whether the global financial system would be better off with an alternative to the dollar as the world’s dominant reserve currency.
Regardless of whether foreign governments and policy-making bodies succeed in establishing a new reserve currency system, you can take steps to shore up your own portfolio against the potential havoc a falling dollar could wreak. (more…)
IMF welcomes Vietnam devaluation, calls for more steps
Posted: February 11, 2011 in Asian Currency MarketsTags: Currency, Devaluation, Dong, exchange rate, Foreign exchange market, International Monetary Fund, reuters, State Bank of Vietnam, Vietnam, VND
Feb 11 (Reuters) – The International Monetary Fund welcomed changes to Vietnam’s currency regime and devaluation on Friday, but said the authorities needed a “broader set of policies” to restore macroeconomic stability.
“We welcome the move to normalise operations in the foreign exchange market, by closing the gap between the official and parallel exchange rates. We also welcome the intention to move to a more flexible exchange rate regime,” the Fund’s senior representative in Vietnam, Benedict Bingham, said.
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Vietnam’s Record Devaluation Adds Urgency for Action on Prices, IMF Says
Posted: February 11, 2011 in Asian Currency MarketsTags: Citigroup, Currency band, Devaluation, Dong, Hanoi, International Monetary Fund, Reference rate, State Bank of Vietnam, Vietnam, VND
Vietnam’s devaluation of the dong yesterday by about 7 percent, the most since at least 1993, needs to be followed with steps to curb inflation, the International Monetary Fund and Citigroup Inc. said.
The dong slumped to as weak as 20,893 per dollar, compared with 19,490 on Feb. 10, and closed at 20,875 in Hanoi yesterday. The State Bank of Vietnam fixed the reference rate for the currency at 20,693 versus 18,932 the previous day, or 8.5 percent weaker.
The trading band for the currency was narrowed to 1 percent on either side of the rate from 3 percent previously.
Parliament; overcome the mistakes of the past and cons
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Council of Representatives of Iraq, HCL, House of Representatives, Iraq, Law, New Zealand House of Representatives, oil, parliament, Public interest, United States
Represents a new Council of Representatives a new phase as the inclusion of all Iraqi sects and groups, as well as in particular in forming a government of national partnership involving all political parties affiliated to the parliament.
Perhaps the most important features of the performance of the House of Representatives in the past that he needs to political base solid give priority to public interest away from quotas partisan and sectarian, as well as the negative phenomena that accompanied the performance of the Council is the absence of repeated and that negatively affected in the process of Council and affected its role and defense to its obligations and responsibilities to by the dominance of personal interests and partisan, sectarian, and which contributed to disable the legislative role of the Council, particularly Council’s inability to approve constitutional amendments and legislation, lack of important laws such as oil and gas law, as well as members focus on the personal privileges that they have lost people’s trust and respect.
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Parliament Will Vote Sunday on Three Candidates for Posts of Vice-President of the Republic
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Adel Abdul Mahdi, Adil Abdul-Mahdi, Council of Representatives of Iraq, Iraq, iraqi list, Iraqi people, Jalal Talabani, Vice-President
A source in the Iraqi Council of Representatives that the Council will vote on the names of three candidates for the posts of Vice-President of the Republic during the meeting next Sunday, the source added that the Legal Committee of Parliament will provide a report on the possibility of adding a deputy fourth President of the Republic after the amendment of the draft law of the Vice-President of the Republic, noting that the three candidates are Member of Supreme Council, Adel Abdul Mahdi, a member of the Iraqi List, Tareq al-Hashemi and Deputy National Alliance for Khudair Khuzaie.
Iraq: 15pct tariff on price of imported cars beginning in March
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Coalition Provisional Authority, Customs, International trade, Investment in post-2003 Iraq, Iraq, middle east, Tariff
Revealed the General Authority for Customs and the Ministry of Finance have determined the rate of 15 percent lump met within the tariff and deducted from the price of the car imported, according to the tariff law, which is scheduled to come into effect as of the sixth of March.
The head of the Salim Nawfal Hameed said this figure includes all new imported cars, including that used to be imported according to the law No. 17 of 2005, the judge to prevent the import car models without that exceeds the date of manufacture three years.
Oil rises above $101 on Egypt unrest
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Brent Crude, Egypt, Hosni Mubarak, IntercontinentalExchange, Iraq, oil, Oil Prices, OPEC, Saudi Arabia, Suez Canal
11/02/2011
LONDON, (Reuters) – Brent oil prices rose above $101 a barrel on Friday after Egypt’s President Hosni Mubarak refused to step down, stoking fears that the rising tensions could disrupt oil flows or spread to major producers in the region.
Brent futures jumped by more than $1 on Friday on rising tensions but later pared gains as Egypt’s powerful army moved to defuse tensions by lifting 30-year-old emergency laws.
ICE Brent crude futures were up by 62 cents at $101.49 a barrel and U.S. crude futures were up 11 cents at $86.84 a barrel.
Iraqi bloggers use Facebook to call for demonstrations
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: al-Qaeda, Baghdad, Egypt, Facebook, Hosni Mubarak, Iraq, Iraqi people, Nouri al-Maliki, Omar Suleiman
11/02/2011
By Maad Fayad
London, Asharq Al-Awsat – Comments posted by Iraqis, both inside and outside of the country, on the social networking website “Facebook” in favor and support of the young Egyptians protesting in Cairo’s Tahrir Square have now transformed into a call for Iraqi citizens to conduct peaceful demonstrations calling for improved government services, more security, and improved political and economic conditions. This comes as a knock-on effect from what is happening in Egypt, with regards to the protests against President Hosni Mubarak which have now entered their second week. The anti-Mubarak protests and demonstrations in Egypt are continuing strongly despite the fact that Mubarak has promised to implement the constitutional amendments demanded by the demonstrations and announced that he would be delegating the bulk of his presidential powers to his deputy, Vice President Omar Suleiman.
Maliki agrees to Kurdish candidate for trade ministry
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Jalal Talabani, kurdistan, Kurdistan Democratic Party, Maliki, Massoud Barzani, Nouri al-Maliki, Patriotic Union of Kurdistan, Prime Minister of Iraq
Erbil, Feb.11 (AKnews)- A lawmaker from the Kurdistan Blocs Coalition (KBC) said the Iraqi Prime Minister, Nouri al-Maliki has agreed to the KBC’s candidate for the Iraqi Trade Ministry.
The KBC was given seven ministries, including the Trade Ministry, from the partially announced shares in the new cabinet. Maliki has suspended nine posts, including the security ministries, from his 42-member new cabinet.
Meeting between Maliki, Allawi, soon … And refers to attempts to evade initiative Barzani
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Ayad Allawi, Council of Representatives of Iraq, Iraq, iraqi list, Iyad Allawi, Massoud Barzani, Nouri al-Maliki, Politics
Friday, February 11, 2011 09:02
Coalition, the Iraqi president said Iyad Allawi: There are attempts to evade implementation of the document the political agreement reached between the political forces in the framework of the regional President Massoud Barzani, Mr. Kodstan, which stipulates the formation of the National Council for the strategic policies.
Talabani discusses with U.S. ambassador in Iraq; Preparations to host the Arab Summit
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Barack Obama, Iraq, Jalal Talabani, James Franklin Jeffrey, James Jeffrey, United States, United States Ambassador to Iraq
Friday, February 11, 2011 08:09
Met with President Jalal Talabani in Baghdad, on Thursday night, 2/10/2011, the U.S. ambassador to Iraq, Mr. James Jeffrey and his accompanying delegation.
It was in the meeting, they discussed bilateral relations between the Republic of Iraq and the United States and ways to expand in all fields to serve the mutual benefit of both friendly peoples.
House of Representatives plans to transfer assignments from door to door in the budget as approved
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Central Bank of Iraq, Council of Representatives of Iraq, Council of the European Union, Government, Iraq, Iraqi Council of Representatives, iraqi list, OPEC
The deputy of the Iraqi List, said Friday that the Iraqi Council of Representatives will be amendments to eliminate the transfer of financial allocations from door to door within the budget law this year, stressing that the council would not bring the draft budget law to Government to modify, and would accept the amendments, including conducted by such approval.
The MP said Ziad worldwide abolition of the that “the Iraqi Council of Representatives will be vast changes to the budget bill through the transfer of some of the financial allocations from door to door in order of importance to improve the economic and service in the country.”
Protestors head to green zone to stage sit-in
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Aswat al-Iraq, Baghdad, Diplomatic mission, Egypt, Green Zone, Iraq, Politics of Iraq, Tunisia
Scores of protestors, gathered on Friday in al-Tahrir square, headed to the Green Zone, where the Iraqi government offices, the parliament, foreign diplomatic missions, including the U.S. and British embassies lie, to stage a sit-in.
The demonstrators are demanding better social services, stable food prices, and investigations into corruption cases.
Council policies will be presented to parliament next week
Posted: February 11, 2011 in Iraqi Dinar/PoliticsThe MP said the coalition, the Iraqi beauty melon that law the Supreme Council policies will be submitted to parliament next week for a vote.
House of Representatives is determined to approve the budget next Tuesday
Posted: February 11, 2011 in Iraqi Dinar/PoliticsTags: Budget, Committee, Government, Maliki, New Zealand House of Representatives, parliament, Political coalition, United States
A member of the House of Representatives for the National Alliance Abbas al-Bayati said that the House of Representatives is determined to pass the state budget next Tuesday, noting that this date is in accordance to the requests of local and international.
He said al-Bayati, told the independent press (Iba) that what has been agreed upon during the meetings of the Council last week regarding the budget will be resolved within two or three private including observations and digital art will be this date or the end of next week, appropriate for approval.
