Iran: the deletion of three zeroes from the currency this year
(Tehran – Reuters) According to the Islamic Republic News Agency that Iran plans to drop three zeros from the currency. The news agency quoted an Iranian official and Minister of Economy, Shams al-Din al-Husseini as saying that the government hopes to modify the categories of Real Madrid – which sells for more than ten thousand riyals to the dollar – over the next year.
Currency Newshound Commentary: The title to the article suggests Iraq has met its application objectives in order to become a full member of the WTO.
The WTO has asked Iraq to work toward its development in the private sector (manufacturing, agricultural, etc) so as to compete equally with other WTO members once a full member which logically makes sense. Therefore (according to this article) Iraq is set for full membership but it must improve its private sector for future trade prior to becoming a member.
Iraq has been working dilegently on its private sector development over the past 6 to 12 months.
The United States is working directly with Iraq (according to this article and others) in order to ease Iraq into WTO full member status.
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Completed the National Committee to join the “WTO” operational scheme of the legislation requested by the Organization of Iraq to be an active member in it.
A member of the committee affiliated to the Ministry of Commerce Qais Maiov Radio Free Iraq that the Committee had completed this plan, which includes 27 paragraphs between the law and the draft law, and the preparation of initial bid for items based on the law of customs tariff, after more than six years on Iraq’s membership as an observer in the Organization world trade.
Baghdad, 3 April (Rn) – Raising the Iraqi Council of Representatives to its 50 on Monday ended after the first of three readings of bills, and hosting the Deputy Prime Minister for Energy, Hussein al-Shahristani, Minister of Electricity and thunder of a waterfall.
The Chairman of the Security and Defense Committee in Parliament MP for the National Alliance of Hasan al-Kurdish news agency (Rn) that “the House of Representatives ended the first reading of the draft legal salaries of officers and employees of the Internal Security Forces.”
Sinead explained that “the law raises the standard of living for this segment of the broad community, to raise the injustice they felt.”
Baghdad, 3 April (Rn) – The deputy of the Iraqi List led by Iyad Allawi, the high chances of the candidate list for Salem Daly to take over the Ministry of Defence to withdraw the nomination after Khaled al-Obeidi, who responded to this matter.
The MP said Zuhair al-Araji told the Kurdish news agency (Rn) that “the Iraqi List, submitted three new names to take over the Iraqi Ministry of Defense,” stressing that “the chances of Salem Daly large for the job, a substitute for the former candidate Khalid al-Obeidi, who were withdrawn his nomination after it was approved by the Prime Minister” .
Baghdad (news) .. detect and Finance Minister Rafie al-Issawi government’s intention to open other accounts in banks in order to protect the new Iraqi funds abroad.
Issawi, said at a news conference after a meeting of the committee charged with preparing Alstrtejip financial years 2012, 2013 and 2014 under his chairmanship was attended by correspondent Agency (news) on Sunday afternoon: “The committee charged with preparing Alstrtejip financial years 2012, 2013 and 2014, which includes representatives from the ministries of finance and oil and the Central Bank and the World International and local governments, agreed on the interest of time technology to provide the financial budget for next year in order to avoid clashes that accompanied the previous budget.
Baghdad (news) .. confirmed to the Committee on Energy and oil that there is draft amendment to the Investment Act of crude oil. A member of the Committee on Energy and Oil Bayazid Hassan, MP for the MDC in a statement (of the Agency news) on Sunday: from “the projects to be submitted by the Committee on Energy and Oil, modify Investment Law draft crude oil, which will encourage investors to invest in Iraq’s refineries. “
Off Basra, which represents, according to many of its people, the capital of Iraq’s second broad diversification into the economy through preparation for the launch of a market for securities of a financial holding its founding days ago in a move experts say will open to maintain prospects economic in need, especially since building the financial markets develop companies contribute to, and makes long-term investment is possible.
Political source revealed early Sunday, on the nomination of an economic advisor to Prime Minister Abdel Hussein Al-Anbuge to fill the post of Minister of Planning.
The source said in an interview with “Alsumaria News,” The National Alliance nominated an economic advisor to Prime Minister Nuri al-Maliki, Abdul Hussein Al-Anbuge for the post of Minister of Planning. “
The source, who requested anonymity, that “Anbuge will be put with the names nominated to fill the security ministries to a vote in parliament.”
BAGHDAD (Iba) … The head of security and defense committee Hassan Sinead, The House of Representatives agreed in principle to the draft law the salaries of employees of the internal security forces after the completion of the first reading of the draft law submitted by the security and defense committee of Parliament.
“Opening in a press conference held in the Council building and attended by the independent press (Iba) was approved in principle to take the law of the salaries of officers and employees of the Internal Security Forces Biography legislature after he read the Parliament the first reading, and that security and defense committee will Baltdarc with the financial and views internal security forces to reach an agreed formula on this law in order to be remedies for Mentbsi and the staff of the Ministry of the Interior. .
BAGHDAD (Iba) .. Despite the emphasis on the need to resolve the issue of candidates to take over the security ministries, but it is still unclear in light of conflicting statements about the candidate names.
The Iraqi List, confirmed today the withdrawal of Khalid al-Obeidi for nomination for the post of defense minister, unveiled the list of source told the independent press (Iba) Nomination of a substitute for Daly Salem al-Obeidi to take over the defense portfolio.
Baghdad (news) .. Said member of a coalition of state law and the National Alliance MP Shirwan Waili stalling the political blocs that nominated security minister postponed resolved, noting that Negotiations are still ongoing on the candidates and the Ministry of Defence.
Waili said in a statement (of the Agency news) on Sunday: “The delay in nominations for the ministries of security due to the (situation) political, and there is no need to prolong.”
Alsumaria News / Baghdad
Iraqi Council of Representatives held on Sunday, its the 50, headed by Osama Najafi and the presence of 240 deputies, with a parliamentary source said that the meeting will host the Deputy Prime Minister for Energy, Hussain al-Shahristani, Minister of Electricity Raad waterfall and the first reading of a number of laws.
The source said in an interview with “Alsumaria News”, “The House of Representatives a decade, before noon today, its normal 50, headed by Speaker Osama Najafi and his two deputies and the presence of 240 deputies,” noting that “the meeting will see the first reading of the bill the salaries of officers and employees of the Internal Security Forces and reading first draft of the law of literacy. “
A member of the Kurdistan Alliance, Mahmoud Othman said the House of Representatives will provide the names of ministers in its security tomorrow
Othman added that the talk about delay, which the House of Representatives to the task of naming security minister after al-Maliki presented by incorrectly attributing the cause to the measures taken by the Council before deciding on the matter and vote on the names put forward for these bags. Indicating that the House sent the names given by al-Maliki to the accountability and justice to make sure that they add to the existence of some problems about the candidates within the political blocs, especially the National Alliance, which seemed to him more than one candidate for the Ministry of Interior is the name by which al-Maliki.
Hosts the House of Representatives at its 50, the day, which begins at one o’clock in the afternoon, Deputy Prime Minister for Energy, Hussein al-Shahristani, Minister of Electricity and thunder of a waterfall.
And the source of the information department of the Council, told the future, “however,” The meeting will also include the first reading of the bill the salaries of officers and employees of the Internal Security Forces by the Commission on Security and Defence and the first reading of a bill literacy by the Education Committee, in addition to the first reading of proposed amendment to Welfare Act minors No. 78 of 1980.
Currency Newshound Commentary: Several articles were released this week regarding UN’s Ban Ki-Moon report on Iraq’s relationship with Kuwait. This article is slightly different as it offers an editorial opinion on the situation. The writer explains the UN is seeking Iraq’s Prime Minister Maliki to formally write a commitment letter to Kuwait stating its position it will respect the boundaries, agreements, and resolutions agreed upon between the two countries as well as denounce the actions of the former regime (Saddam Hussein). Furthermore, as discussed in December 2010 the UNSC wants Iraq to submit the written commitment and have passed into law by the Iraq parliament. The writer explains Iraq has yet to reply to Ban Ki-Moons request but Iraq may be waiting to do so in a formal UN meeting in the future.
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Secretary-General of the UN .. Iraq and to commit in writing to build trust!!
The Secretary-General of the United Nations this week to the Security Council Special Report, which monitors the activities of the UN mission in four months in Iraq, but Melvt attention in the report that Ban Ki-moon is proposed in this report to confirm the Iraqi prime minister committed to writing a Security Council resolution 833 of in 1993 and in the words of this cram-moon said the written support as a criterion for confidence-building between the two countries.
Dr. Kamal Al-Basri resolve the debate over Iraq’s accession to the WTO, stressing that Iraq’s entry into the organization can not materialize without the rule of law.
He identified four scenarios for the future prospects of Iraq’s accession to the WTO is the first case and called it (Palmtvailp) and embodied the rule of law and enter the World Trade Organization and the second case, called the (opportunity lost) and embodied the rule of law and not enter the atmosphere of the organization.
Opening of the largest shopping mall at a cost of nine billion Denarost Mosul
Nineveh, April 3 (AKnews) – An official CCAMLR tourism and investment in Nineveh, on Sunday, the opening of the largest shopping mall in the city of Mosul.
The architect conciliator Younis told the Kurdish news agency (AKnews) that the DFI was called to order today, Sunday, the largest shopping mall at a cost of “Nine” billions of Iraqi dinars and located in the middle of the left coast, north of Mosul. “
Younis said that “the land that was for them to build the mall has an area of 39 dunums, where the mall is made up of three floors and the city of games for children as well as electronic games hall and a large cafeteria and a coffee shop.”
The latest daily currency auction was held in the Central Bank of Iraq on the 3-APR-2011. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 13 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 154,395,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 154,395,000 |
| Total offers for selling (US$) | —– |
