Archive for April 14, 2011

Claims Settlement Act bin Iraq and the U.S. on the agenda of parliament on Saturday

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Rose to the Foreign Relations Committee’s observations and recommendations on the draft law on ratification of the Convention on the settlement of claims between the Government of the Republic of Iraq and the Government of the United States of America to the board of the presidency and for a first reading on Saturday, 16.04.2011 .. The MPs stressed the importance of giving sufficient time to prepare the observations and report its second reading.

The Foreign Relations Committee held a parliamentary meeting on the normal X Wednesday, 13/04/2011 According to the agenda at the last meeting headquarters.

(more…)

CBI Adviser Saleh: Iraq Did Not Request the Extension of International Protection of Assets

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

In a statement issued by his Office called alngivi during a meeting with the Office of financial supervision need to provide the necessary protection of Iraqi funds in the Security Council decide to lift the protection.

Iraqi Central Bank Adviser Mohammed Saleh, the appearance of the Security Council passed a resolution to end the Iraqi funds protection end of June, and this requires Iraq to submit a report to the Security Council in early May which shows next which will protect the property mechanism.

(more…)

U.S. – Iraq Business Initiative Briefing with Dr. Sinan Al-Shabibi

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , , ,
0

Date Event: April 19, 2011
Herman Lay Room
U.S. Chamber of Commerce
1615 H St, NW
Washington, DC, 20062

10:45 AM – 12:30 PM

Briefing from the Central Bank Governor of Iraq to members of the business community on Iraq’s finance sector.

(more…)

This weeks Singapore News

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

China Post: Singapore tightens monetary policy on growthFriday, April 15, 2011

By Bernice Han, AFPSINGAPORE–Singapore tightened its monetary policy on Thursday, becoming the latest Asian economy to adopt strong measures to curb inflation this year after first-quarter annual growth of 8.5 percent.
The Monetary Authority of Singapore (MAS), the central bank, said in a statement it would “re-center the exchange rate policy band upwards” with economic growth expected to stay solid in the coming months.

“This policy will ensure price stability in the medium term while keeping growth on a sustainable path,” the MAS said in its twice-yearly policy statement released in April and October.

Economists said the upward re-centering of the policy band known as the Nominal Effective Exchange Rate essentially meant an appreciation in the Singapore dollar.

Instead of interest rates, Singapore conducts monetary policy via the local dollar which is traded against a basket of currencies of its major trading partners within an undisclosed band.

A stronger local currency will mitigate the cost of imports as Singapore, a city-state, buys virtually all of its food and other needs from abroad.

It was the third straight move by the MAS to tighten monetary policy since April last year.

Read more: http://www.chinapost.com.tw/business/asia/singapore/2011/04/15/298676/Singapore-tightens.htm
Bloomberg: Singapore leads gains in Asian currencies after revaluation
Thursday, 14 April 2011 12:39
Singapore’s dollar led gains in most Asian currencies as the city-state’s central bank said it would allow faster appreciation to combat inflation after its economy grew quicker than economists forecast.The Monetary Authority of Singapore said it will re-center the currency’s band upwards, after gross domestic product increased at an annualized rate of 23.5% in the first quarter from the previous three months, more than double the 11.4% predicted in a Bloomberg survey of economists.“There’s been a lot of bullish trade riding on the back of the Singapore policy review,” said Suresh Kumar Ramanathan, a strategist at CIMB Investment Bank in Kuala Lumpur. “The market is left to guess where the mid-point of the Singapore currency band is, so any upside will likely be limited.”The Singapore dollar jumped 0.5% to 1.2492 per dollar as of 12:08 p.m. local time, according to data compiled by Bloomberg.

The Taiwan dollar rose 0.3% to NT$28.990 ($1.249) and Indonesia’s rupiah gained 0.1% to 8,655.

Read More: http://theedgesingapore.com/the-daily-edge/business/28161-singapore-leads-gains-in-asian-currencies-after-revaluation-.html
AP: Singapore allows stronger currency to slow inflation
ALEX KENNEDY, Associated Press
Updated 01:24 a.m., Thursday, April 14, 2011
SINGAPORE (AP) — Singapore will allow its currency to strengthen in a bid to ease inflationary pressures sparked by robust economic growth and rising energy and food costs, the central bank said Thursday.The Monetary Authority of Singapore said in a biannual policy statement that it will re-center its exchange rate policy band upward while leaving the slope and width of the band unchanged.Meanwhile, gross domestic product jumped a seasonally adjusted annualized 24 percent in the January-to-March period from the previous quarter, the Trade and Industry Ministry said separately Thursday.”The key tipping point for the more aggressive policy shift was the strong performance of first quarter GDP,” said Wai Ho Leong, an analyst with Barclays Capital in Singapore. Leong estimated the central bank revalued the currency band about 1.5 percent.Central bankers across Asia have tightened monetary policy this year, mostly through higher lending rates, as soaring commodity prices and solid economic growth threaten to spur inflation.

Read more: http://www.seattlepi.com/business/article/S-pore-allows-stronger-currency-to-slow-inflation-1336136.php#ixzz1JY9T3Lf8
Singapore to Revalue Currency or Steepen Band, Survey Shows
April 11 (Bloomberg) — Singapore will revalue its currency to tame inflation that exceeded the government’s target in February, joining other Asian central banks in tightening monetary policy, predict 10 of 20 analysts surveyed by Bloomberg.The Monetary Authority of Singapore will re-center the band in which the city-state’s dollar is allowed to trade against a weighted basket of currencies on April 14, the analysts said. Six forecast no change from the “modest and gradual appreciation” stance adopted in the last policy meeting in October. Four expect faster gains in the currency will be achieved through a steepening of the band.

Read more: http://www.businessweek.com/news/2011-04-11/singapore-to-revalue-currency-or-steepen-band-survey-shows.html

al-Bayati Discuss With the Representative of the Secretary-General of the United Nations Political Developments in Iraq

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

BAGHDAD (Iba) .. Search MP Abbas al-Bayati, the National Alliance for the day with a political adviser to the Special Representative of the Secretary-General of the United Gerrard Samirana in Iraq, political developments in the country and Iraq’s efforts to emerge from Chapter VII final, and Iraq’s relations with neighboring countries.

The Al-Bayati according to a statement issued by his office and received by the independent press (Iba) a copy of the Iraqi government has fulfilled all its international obligations in accordance with decisions issued under Chapter Alsabasoa regard Menhabalarac and policies where the arms embargo Albailogip The chemical has also been a nuclear test ban everything related to weapons of mass .

(more…)

CBI: Banking Act does not encourage integration

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , ,
0

Baghdad, 14 April (Rn) – The adviser to the CBI on Thursday that the Banking Act does not encourage the merger of private banks, stressing the need to work in earnest to integrate the largest number of banks during the next phase.

He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Banking Act, passed by the House of Representatives did not urge private banks to merge with each other to form a strong capital can facing the market.”

(more…)

Postpone the hearing of the House of Representatives because of disagreements about the vote on the Republican Vice-President

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Said a source familiar with the House of Representatives that the House of Representatives Speaker Osama Nujaifi for today’s Council meeting to the next Saturday because of disputes over the vote on Vice-President of the Republic, the source added that the differences revolved around how to vote on the Vice President of the Republic of the three where he proposed a coalition of state law to vote on them a basket, one while the other blocs proposed vote on them individually and was supposed to vote on the Council Vice-President Adel Abdul-Mahdi and Tariq al-Hashimi

(more…)

House of Representatives ends of the first reading of the draft legal and Ministries of Industry and Trade

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , ,
0

The MP said the National Alliance Mohammed Chihod, Wednesday, The House of Representatives ended its regular day in the first reading of the legal and the Ministry of Industry and Trade and the second reading of the law to overturn decisions by the Revolution Command Council dissolved.

(more…)

CBI: Daily Currency Auction April 14, 2011

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

The latest daily currency auction was held in the Central Bank of Iraq on the 14-APR-2011. The results were as follows:

DETAILS NOTES
Number of banks 21
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 133,257,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 133,257,000
Total offers for selling (US$) —–

 

House of Representative holds 54th Session

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

The Council of Representatives, Thursday, 54 under the chairmanship of its President of the Parliament and the presence of Osama Nujaifi 240 deputies, while the source confirmed that the meeting in the parliament will vote on the Vice President of the Republic, and the first reading of a number of laws.

The source said in an interview with “Alsumaria News”, “The House of Representatives held at noon today, its the 54 headed by Osama Najafi and his two deputies, and the presence of 240 deputies,” noting that “the meeting will vote on the Vice President of the Republic of the three, Adel Abdul Mahdi and Tariq al-Hashimi and Khudair Khuzaie, reading First the bill abolishing the Revolution Command Council dissolved (1194) for the year 1983 and (456) for the year 1985. “

(more…)

Shabandar: There is a chance that Iraq will be the center of gravity and stability in the region

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

About the possibility that Iraq will be the center of gravity and stability in the region in light of changes taking place in the region.

Shabandar said in a press statement today that there is a great opportunity for Iraq to be the center of gravity and stability in the region and warned against what he called the exploitation of the democratic system in Iraq, to ​​tamper with its stability and abuse to its external relations, and abuse of a file on Foreign Relations, Iraq’s relationship with his surroundings and called for Arab Shabandar to cut the road in front of those who are trying to isolate Iraq from the Arab and international environment.

http://wp.me/pZC7o-7yb

Zebari to Cairo to discuss Arab summit

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

The Ministry of Foreign Affairs of Iraq, on Thursday, said its minister, Hoshyar Zebari, left Baghdad on his way to the Egyptian capital Cairo to hold talks with the Secretary-General of the League of Arab States on the Arab summit, and review the positions of Arab countries and the Secretariat of the League on them.

A statement issued by the Ministry of Foreign Affairs, today, and got “Alsumaria News”, a copy of “The Foreign Minister Hoshyar Zebari went, today, heading a delegation from the ministry to Cairo for talks with Secretary General of the League of Arab States Amr Moussa,” noting that ” talks will be the subject of the Arab summit and review the positions of Arab countries and the Secretariat of the University about it. “

(more…)

Parliamentary energy commission to reconsider some of the paragraphs of the Iraqi oil law

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

A member of the Commission on oil and energy parliamentary Bahaa al-Jamal al-Din said Thursday that his committee held the previous law, which was prepared in the last parliamentary session, has considered a review of some paragraphs of the law previous to the existence of some innovations.

Jamal al-Din told the Kurdish news agency reported that among the problems that must be taken into account in the new law, licensing rounds of oil and gas, as well as for oil in the Kurdistan region, so the Committee is reviewing some of the paragraphs, and add new paragraphs of the law.

He said Jamal al-Din said the oil and gas is preparing and determined to pass the law as soon as possible after the completion of the completion of the amendments, noting that the current session will see the adoption of the law would not be deferred to the next session.

http://wp.me/pZC7o-7y4

Finance Minister heads to America to discuss the extension of DFI

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

He and Finance Minister Rafie al-Issawi today to the United States at the head of a government delegation, said a source in the Ministry of Finance

Issawi that will negotiate with the U.S. side on the issue of extension of protection to the Iraqi funds in the United States within a package of mechanisms adopted by the Iraqi government to provide protection to the
Iraqi funds abroad and the end of the period of protection to Tllk money in the first of June next

(more…)

Iraq seeks to reactivate trade ties with Kuwait

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

KUWAIT: The Kuwait Chamber of Commerce and Industry (KCCI) welcomed an Iraqi trade delegation yesterday at its premises. During the meeting which was well-attended by many Kuwaiti businessmen, the representatives from both sides discussed reactivating commercial and economic relations between Kuwait and Iraq and also considered investment opportunities in Basra.

(more…)

Iraq Parliament to vote for Vice Presidents

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

The senior official of Islamic Supreme Council Adel Abdul Mehdi, Iraqiya Party senior official Tarek Al Hashemi and State of Law Coalition member Khudair Al Khizaii attended Iraq’s Parliament vote session on Thursday as candidates for the position of Vice Presidents.

Iraqiya Party leader Iyad Allawi attended the parliamentary session as well during which the vote for Vice Presidents is expected to be carried out.

(more…)

Iraq needs 8 trillion dinars to cover its 2011 Rationing Budget

Posted: April 14, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

BAGHDAD / Aswat al-Iraq: Iraq’s Trade Ministry needs 8 trillion (t) dinars (US$7,156 billions approx) to cover the government’s 2011 Rationing List for 32 millions and 607,000 people in Iraq, Trade Minister, Hassan Babakir said.

“The distribution of the Rationing List represents 81% of the Trade Ministry’s budget,” Minister Babakir told a news conference, attended by Aswat al-Iraq news agency in Baghdad on Wednesday, adding that the number of people, covered by the Rationing List reaches 32 million and 607,000 people.

(more…)