Archive for March 28, 2011

The International Monetary Fund Monday expressed doubts over Iraq’s ability to meet its long-term targets for oil production, currently the source of nearly 90 percent of government income.

The IMF said infrastructure constraints were likely to prevent Iraq from boosting production from 2.5 million barrels now to its goal of 13 million barrels by 2017 — more than oil king Saudi Arabia’s current production.

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Related Post 3/18/2011: IMF Executive Board Completes Second Review Under Stand-By Arrangement with Iraq, Grants Waivers and Approves $471 Million Disbursement LINK

Iraq: Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding
March 3, 2011

The following item is a Letter of Intent of the government of Iraq, which
describes the policies that Iraq intends to implement in the context of its request
for financial support from the IMF. The document, which is the property of Iraq,
is being made available on the IMF website by agreement with the member as a
service to users of the IMF website.IRAQ:

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Currency Newshound Commentary: This is an article discussing the effects of lifting or dropping the three zero’s from the IQD. The university findings concluded dropping the zeros from the currency would have have a greater cost than benefit. I would have to agree. Dropping the zeros will have a negative effect on the Iraqi economy if this action is the only action the CBI takes.  Hence the need to revalue/reinstate the IQD in tandom with this event.  This article reiterates everything we dinar holders have been saying for years.

BAGHDAD (Iba) .. Concluded researchers at the University of Mustansiriya that the cost to raise zeros from the Iraqi currency for the time being greater than the benefit.

This came in a scientific symposium held by the School of Management and Economics at the University under the title (lifting of the zeroes between acceptance and rejection) in a meeting room at the college.

And between the official source at the university, said the seminar held by the Department of Economics in the Faculty of Management and Economics, took up discussion of the zeros in the Iraqi currency in terms of concept and discuss Ray supporters and opponents of the process of lifting of the zeroes as well as the conclusions arrived at.

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KUWAIT, March 28 (KUNA) — His Highness the Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Jaber Al-Sabah received at Seif Palace on Monday visiting Minister of Foreign Affairs of Iraq Hoshyar Zebari and his party on the occasion of his visit to the country.

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Baghdad (news) .. Shaker al-Moussawi said the President of the Governorate of Baghdad, said the investment contracts, respectively, following the financial and the province after an amendment to Law No. (7) and give the land for free to investors.

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Prime Minister provide the names of candidates for the ministries of interior, defense and planning to the House of Representatives

28/03/2011
Prime Minister provide the names of candidates for the ministries of interior, defense and planning to the House of Representatives

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Detect the source of political beginning, Monday, Prime Minister Nuri al-Maliki presented the names of candidates of the political blocs to fill the positions of the ministries of interior, defense and planning to the Presidency of the Council of Representatives to decide during the next two days, while assuring the direction of the majority of the blocks to agree on a candidate National Alliance Ibrahim Lami, to fill the post of interior minister and the candidate of the Iraqi List, Khalid al-Obeidi tired for the post of defense minister.

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The Council of Representatives, on Monday, its the 46 under the chairmanship of President of the Council Osama Najafi and the presence of 242 deputies, with parliamentary source that the meeting will see the first reading of the draft law to protect journalists and the second reading of the proposed law to amend the Code of Criminal Procedure, and the word Turkish Prime Minister Recep Tayyip Erdogan.

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BAGHDAD – The Feed – The National Alliance, Saad Muttalibi that Iraq today has become more stable countries and a model of democracy the real world, unlike the atmosphere experienced by the Arab states from the winds of change that have suffered. “He said logistical told news public opinion (and babysit):”

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BAGHDAD (Babuz): Minister of State and government spokesman Ali al-Dabbagh that the Council of Ministers decided to Approval of the draft law of electronic signature and electronic transactions the auditor by the State Consultative Council and forwarded to the House of Representatives based on the provisions of Articles (61 / I and item 80 / item II) of the Constitution, taking into account the opinion of the Legal Committee at the General Secretariat of the Council of Ministers and the observations raised by the Ministers and the Council of State.

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Inside of the Baghdad Convention Center, where...

Iraqi Parliament

Baghdad, 28 March (Rn) – The deputy close to Prime Minister Nuri al-Maliki, on Monday, providing the latest biographies of five candidates to the presidency of the Council of Representatives to take over the ministries of defense, interior and planning, while pulled the Iraqi List, submit its candidate for the Ministry of Defence and objected to one of the names put forward for the Ministry of Interior .

The MP said the coalition of state law in the National Alliance, and Walid al-Hilli, told the Kurdish news agency (Rn) “Prime Minister Nuri al-Maliki on Monday CV for the candidate of the Iraqi List Khaled al-Obeidi to take over the Ministry of Defence, as well as the CVs of three candidates for the Ministry of the Interior Tmtheloa Optimizer Kaabi, Ibrahim al-Lami, Adnan Asadi names as candidates for the position for the National Alliance. “

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Baghdad, 28 March (Rn) – The deputy of the Iraqi List, the Iraqi Council of Representatives, began on Monday, its the (46), headed by Osama Najafi and his two deputies Aref Tayfur and Qusay al-Suhail, referring to the meeting will include a speech by prime minister Recep Tayyip Erdogan, the first reading of the draft Law to Protect Journalists, and the second of a proposed law amending the Penal Procedural Law No. (23) of Article (136) b “.

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Nouri al-Maliki meets with George W. Bush.

Maliki

3/28/2011 1:24 PM

BAGHDAD / Aswat al-Iraq: Iraq’s Prime Minister, Nouri al-Maliki, has sent the names of candidates for his cabinet’s security posts to the Parliament to be voted on during Monday’s session, the semi-official al-Iraqiya TV Channel reported.

Severe differences have taken place regarding the candidates for the security cabinet posts that are still vacant, particularly the posts of Interior and Defense Ministers.

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Characterization of the economic system in Iraq .. National Almarkintalip between free market and decentralization of the State / Studies

Conscious Center for Studies and Research / by the Iraqi Central Mstcharalpennek d. The appearance of Mohammed Saleh

Known as a System As a unit complex made ​​up of many different parts all subject to the general plan, or they serve a public goal, and on this context, behaviorism, the U.S., for example, to present a concept of system is currently only over the scope of the surround that clips are segments Consists of the structure of the system and the clips are outside the system. And that the constituent sections of the structure of the system, which is sometimes called the limits of boundaries Or variables that are in the level of interactions are more intensive in their conduct and behavior than others. If the densities or the border or political variables, they are a political system Or intensities of social Vtkon social system or economic Vtkon densities of economic system and so on.

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BAGHDAD / Aswat al-Iraq: MP from the coalition, the Iraqi Arshad Al-Salhi, Sunday, the meeting with the Iraqi-Kuwaiti Today in Kuwait is to activate the agreement, which took place between Prime Minister Nuri al-Maliki and his Kuwaiti counterpart Nasser Al-Ahmad Al-Sabah, while the MP said the National Alliance on Alfalh that this meeting The first formal meeting to resolve outstanding Almchalkl between the two sides.

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Monday 28 March 2011
Commission on the development of investment bodies in Iraq begins its work developing plans to address the problems that hinder the sector investment

The head of the Investment Commission of Babylon, the Committee set up by the National Investment Commission began its work in order to draw a strategy work of the bodies in Iraq, within the hundred days set by Prime Minister Nuri al-Maliki to improve the work of the ministries and independent bodies.

Spear, “said Alaa” The committee set up by the National Investment Commission, under my leadership and the membership of the President of the Investment Commission provinces of Anbar and Nineveh, has begun its work effectively to study the problems that hinder investment business in Iraq. “

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Monday 28 March 2011

BAGHDAD – The Feed – revealed member of the Iraqi MP reproach that the league next week will resolve the issue of candidates for security ministries, noting that Prime Minister Nuri al-Maliki would present the names of candidates within the meeting to be voted on them.

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Experts and economists have criticized the law, which they said lacked “transparency” in the funding, implementation and oversight, considering that his money would be a “debt” or bonds issued by the government, wondering about the possibility of reconstruction of infrastructure to $ 70 billion, says the draft law, Iraq, despite spending $ 320 billion since 2003, “without a clear accomplishment.”

Preparing the House of Representatives on Sunday to read “the law of the reconstruction of infrastructure and service sectors”, according to a source in the Council. Prime Minister Nuri al-Maliki late 2009 launch of the project and said there was a $ 70 billion ready to invest in Iraq, presented the project to sharp criticism from opponents of Prime Minister, who accused him of being put for the purpose of election propaganda and gain more votes in the elections.

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The latest daily currency auction was held in the Central Bank of Iraq on the 28-MAR-2011. The results were as follows:

DETAILS NOTES
Number of banks 14
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 185,217,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 185,217,000
Total offers for selling (US$) —–

 

Monday, 28 2011 10:37 GMT
Sunday’s session of the special Iraqi Cabinet resulted in several decisions the most important ministries grace period of two months in order to provide the names of general managers incompetent to the Council to replace them.

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Monday, 28 2011
A senior source revealed to the Sumerian News that Prime Minister Nuri al-Maliki said during a meeting gathered with a group of academics, analysts and Iraqi politicians that he began seriously considering a request to withdraw confidence from the government in the event continued its partners in the political process to fight it,

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Baghdad, 28 March (Rn) – bore the security and defense committee representative, Monday, is responsible for the escalating violence in the capital Baghdad to delay naming security minister, calling for political blocs to settle the matter soon.

The committee member said Hamid al-Mutlaq told the Kurdish news agency (Rn), said that “the Committee indicated, inter points behind the escalating violence in the capital Baghdad, most notably the lack of naming Minister security until now,” noting that “the absence of Ministers a major impact on the performance of security institutions and thus escalated violence. “

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Baghdad, 28 March (Rn) – The Central Bank of Iraq that capitalism was less than 2% over the past eight years, and require access to 20% in support of the Iraqi economy better.

Known as the capital economically as an economic system that mirrored the importance of Mallkip individual scarce resources where the market open competition purely between individuals to exploit them efficiently and that the head financial strengthen individual property, they shrink the public domain, and described the role of government in which as a supervisory role only to address congestion economy.

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