Archive for April 19, 2011

Modernizing Iraq’s Banking System

Posted: April 19, 2011 in Iraqi Dinar/Politics
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by Lionel Johnson
Today the U.S. Chamber’s Iraq Business Initiative hosted Dr. Sinan Al-Shabibi, Iraq’s central bank governor for a briefing at which he discussed Iraq’s fiscal and economic stability and progress that has been made to strengthen the country’s financial sector since 2003.

While stability in Iraq and the broader Middle East region is generally discussed in the context of politics and security, Dr. Shabibi instead underscored the important work of  Iraq’s central bank to shore up stability through financial reform and modernization.

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Exit from Chapter VII the end of June

Posted: April 19, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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High Commission to ensure the protection of Iraqi funds

Form the Council of Ministers of the High Commission shall establish the necessary mechanisms for the protection of Iraqi funds after the lifting of international protection for, as suggested General Secretariat of the Council to remove Iraq from the provisions of Chapter VII of the Charter of the United Nations during the next meeting of the Security Council on the subject.

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Stressing that Germany is mediating in Iraq would emerge from Chapter VII

Posted: April 19, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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The Deputy Chairman of the German mission in Iraq Ulrich accent that Germany is mediating for the exit of Iraq from Chapter VII as a member of the Committee of the United Nations 0 and the head of the German mission in an interview with the newspaper (Citizen), publish in a later issue that «out of Iraq from Chapter VII of interest to Germany especially as they are a member of the Special Committee to lift the sanctions on Iraq, where Germany has supported Iraq in this regard was raised part of the sanctions on Iraq, leaving the question of Kuwait, Iraq and Germany focused their attention on this issue.

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Audio/Video: CBI’s Shabibi speaks at US Chamber of Commerce; Speaks on Rednomination, Three Zeros, and RV

Posted: April 19, 2011 in Iraqi Dinar/Politics
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US Deputy Treasury Sec. Wolin met with Iraq’s Finance Minister and CBI’s Shabibi

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Economic Policy Journal

MONDAY, APRIL 18, 2011

Monday: Wolin Active But Nothing on Geithner’s Public Schedule

On Monday morning, Deputy Treasury Secretary Neal Wolin will meet with Pakistani Finance Minister Abdul Hafeez Shaikh, Central Bank Governor Shahid Kardar and Ambassador Husain Haqqani at Treasury.

In the afternoon, the Deputy Secretary will meet with Iraqi Finance Minister H.E. Rafe H. Al-Essawi, Central Bank Governor Sinan Al-Shabibi and Ambassador Samir Al-Sumaida’ie at Treasury

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

Close to Maliki, the resolution of the latter reveals the candidates for the Interior and National Security

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Baghdad, April 19 (Rn) – The close of the Prime Minister Nuri al-Maliki on Tuesday to resolve the last candidates for interior and national security, noting that al-Maliki is likely to submit the names to the House of Representatives next week.

The MP said Salman al-Musawi for the rule of law for the Kurdistan News Agency (Rn) “Prime Minister Nuri al-Maliki is likely to submit names of candidates for the interior and national security to the House of Representatives next week,” he said, adding that “al-Maliki will present three candidates was the consensus on them.”

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Bayati: Maliki confirms security minister candidates will be presented next week

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Bayati-Maliki confirms that the candidates will be presented to parliament next week, the security ministries

Deputy in the State of law, on Tuesday, Prime Minister Nuri al-Maliki will present to parliament next week the names of candidates for the security ministries, while pointed to the existence of internal consensus on a candidate Ibrahim al-Lami, it was considered that there is a node in Iraq on its candidate for the defense portfolio.

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Iraqi List announces three new names for Minister of Defense; Daly as front runner

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Iraqi nominate three new names to the Ministry of Defence and Daly, “more fortunate”, including

The Iraqi List, announced Tuesday, the nomination of three new names for the post of defense minister, pointing out that Salem is the favorite Daly, with pointed out that there would be no surprises on the security file and the political consensus.

The MP said the Iraqi List, Zuhair al-Araji in an interview for “Alsumaria News”, “menu now has three new candidates for the office of the Ministry of Defence stating that” acceptance is the front-runner Salem Daly, with no mention of the names of other candidates. “

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Source reveals that Kuwait will participate in the summit of Baghdad, confirmed the request of Iraq held its timing specified

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Revealed an Arab diplomatic source, Tuesday, that the Kuwaiti government will take part in Arab summit to be held in Baghdad in May next, while referring to the existence of contacts between Iraq and Kuwait and the Arab League on the reduction of the level of representation the Gulf at the summit meetings, he stressed that Iraq has submitted a formal request to place the timing nor the specific in the 11 of May next.

The source said in an interview for “Alsumaria News”, “the Secretary-General of the Arab League Amr Moussa and Iraqi Foreign Minister Hoshyar Zebari, the Kuwaiti delegation participating in the high-level contacts to circumvent the controversy caused by some media statements on the” reduce the level of representation of countries of Persian Gulf in the meetings of the Arab summit planned held in Baghdad on 11 May next. “

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Iraq: Arab League to meet May 5th to decide fate of this years Arab Summit

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Arab meeting on the fifth of next month to decide on the summit of Baghdad

Cairo, April 19 (Rn) – The representative of Iraq to the Arab League on Tuesday, about contacts conducted by the Arab League to convene a meeting of Arab foreign ministers in the fifth month of May to decide on the next Arab summit in Baghdad.

The preparation for the meeting after it said Bahraini Foreign Minister Sheikh Khalid bin Ahmed Al Khalifa said in a message on the site “Twitter” social last week, the Gulf Cooperation Council in a letter to the Secretary-General of the League of Arab States Amr Moussa, the abolition of the Arab summit scheduled in Iraq.

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CBI: It is time to re-evaluate the currency, commensurate with the price changes and the wage in the economy

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Currency Newshound Commentary:  This article is a blend of news and citizen reaction to the the news of lifting the zeros.

Tuesday, 19 نيسان 2011 15:58 GMT
May not remain there is a need to act for this counter so quickly if applied to the central bank project by deleting three zeros from the Iraqi currency .. Bank, which sets monetary policy for the country confirms that it is time to re-evaluate the currency to suit the changes in the wage-price and economy.

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CBI: Daily Currency Auction April 19, 2011

Posted: April 19, 2011 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 19-APR-2011. The results were as follows:

DETAILS NOTES
Number of banks 17
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 157,465,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 157,465,000
Total offers for selling (US$) —–

Iraqi minister: Information about the presence of the remains of Kuwaitis in Nasiriyah

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Male and Iraqi Human Rights Minister Mohamed Shia’a that the ministry in cooperation with the Kuwaiti authorities and the Committee of the Red Cross is investigating the information about the existence of the remains of Kuwaitis who went missing during the Iraqi invasion of Kuwait in 1990 in Nasiriyah / 375 km south of Baghdad, /.

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U.S. Embassy: Washington supports holding the summit in Baghdad

Posted: April 19, 2011 in Iraqi Dinar/Politics
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The United States expressed its support for convening an Arab summit in Baghdad. U.S. embassy spokesman in Iraq, David Ranz pointed out that Washington was seeking to reintegrate Iraq into the Arab world, regional and global levels, indicating that the visit of Deputy Secretary of State Jeffrey Feltman and his meeting with the President and the Prime Minister as well as other politicians, focused on issues concerning the region, particularly what is happening in Bahrain.

http://wp.me/pZC7o-7E3

Iraq to buy military aircraft from the three countries in addition to 1100 armored

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. detect high-ranking source in the Iraqi Defense Ministry that Iraq signed with French companies and U.S. and Russian military aircraft in addition to the purchase (1100), US-made armored vehicles.
The source, who declined to be named in the statement (of the Agency news) said on Tuesday:

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Planning announces low inflation index for March, compared to the previous month

Posted: April 19, 2011 in Iraqi Dinar/Politics
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The Ministry of Planning, Tuesday, from lower inflation index for the month of March, compared to the previous month, and a height of Bamar compared to 2010.

The Minister of Planning and Development Cooperation, Ali Yousef Shukri, at a press conference at the ministry in Baghdad, attended by “Alsumaria News”, “The inflation index for the month of March, down 7.0% compared Bchaabat the past,” noting that “the annual inflation rose through March 2011 compared to the same month of the year 2010 by 5%. “

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House of Representatives will host first meeting of independent bodies (i.e. CBI) next week

Posted: April 19, 2011 in Iraqi Dinar/Politics
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Tuesday April 19, 2011

Iraqi Council of Representatives held on Wednesday 27 – 4 – 2011 and under the auspices of Mr. Osama al-Chairman of the Board of Representatives meeting of the league’s first independent bodies under the slogan (independent bodies between reality and ambition).

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

Reference: http://currencynewshound.wordpress.com/2011/02/13/between-independent-bodies-full-independence-and-financial-and-administrative-independence/

Damluji: raising money for the protection of Iraq’s foreign makes them vulnerable to those who bear

Posted: April 19, 2011 in Iraqi Dinar/Politics
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MP confirmed that the Iraqi List, said Maysoon al-lift protection from Iraqi funds abroad, it is likely the bear.

Damluji said that the House, in its resolution submitted by the Government which aims to protect Iraqi funds abroad for the first reading down to the second reading and approved as the best solution.

She added that the solution for the protection of these funds is to pay the amount ($ 400) million dollars to protect (60) billion dollars in compensation to the events of Kuwait in 1990, a guarantor to keep the money in U.S. banks and we are in Parliament was studied extensively and then ratify it.

http://bit.ly/gXlRTc