Archive for June 16, 2011

Iraq parliament to reconvene Saturday

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Raised the presidency of the Iraqi Council of Representatives, Thursday, the third session of parliament of the second legislative year to the day after tomorrow, Saturday, in a parliamentary source said that the meeting witnessed a host of foreign ministers of transport and the Mayor of Baghdad.

The source said in an interview for “Alsumaria News”, “House Speaker Osama Najafi adjournment of the parliament, the third legislative year the second, which was held today, under his chairmanship and the presence of 215 deputies, to the day after tomorrow, Saturday,” noting that “the meeting witnessed a host of foreign ministers of transport and the Secretary Baghdad. “

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Bloomberg: China Urges U.S. Lawmakers Not to Hurt Relations Through Yuan Legislation

Posted: June 16, 2011 in Iraqi Dinar/Politics
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By Bloomberg News – Jun 16, 2011 3:40 AM CT

Schumer is preparing to reintroduce legislation aimed at forcing China to raise the value of its currency.

China urged U.S. lawmakers not to damage relations between the two countries by seeking “excuses to start trade protection,” following moves to reintroduce legislation aimed at forcing an appreciation in the yuan.

“The exchange rate isn’t the major reason for trade imbalances,” Hong Lei, a spokesman for China’s Foreign Ministry, said at regular briefing in Beijing today. “We urge relevant senators of the U.S. government to see the importance of Sino-U.S. relationship clearly, don’t seek excuses to start trade protection, and avoid damage to the big picture of Sino- U.S. trade and economic cooperation.”

Read More: http://www.bloomberg.com/news/2011-06-15/schumer-to-bring-back-china-currency-bill-that-passed-house-in-september.html

Bloomberg: South Korean Won Weakens to Three-Week Low, Bonds Gain on Greece Concern

Posted: June 16, 2011 in Asian Currency Markets
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By Seyoon Kim – Jun 16, 2011 1:22 AM CT

South Korea’s won fell to a three- week low as Europe’s deepening debt crisis cooled demand for emerging-market assets. Government bonds gained.

Greek Prime Minister George Papandreou will reshuffle his Cabinet and seek a confidence vote today, battling to control a shrinking majority and push through austerity measures demanded by international lenders.

The political turmoil came as European Union talks on forging a new bailout to prevent the first euro- area default stalled.

Read More: http://www.bloomberg.com/news/2011-06-16/south-korean-won-weakens-to-three-week-low-bonds-gain-on-greece-concern.html

Bloomberg: Swiss Franc Strengthens to Record on Concern Over Greek Fallout

Posted: June 16, 2011 in Iraqi Dinar/Politics
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By Paul Dobson – Jun 16, 2011 1:19 AM CT

The Swiss franc strengthened through 1.20 per euro for the first time as investors sought the safest European assets amid mounting concern that European officials will fail to contain Greece’s debt crisis.

The franc extended its run as the best-performing of 16 major currencies tracked by Bloomberg for the year to date. The Swiss National Bank will keep its benchmark interest rate at 0.25 percent today, according to all 26 economists surveyed by Bloomberg News. Greek Prime Minister George Papandreou said yesterday he would call a vote of confidence in Parliament, while Moody’s Investors Service said it may downgrade French banks because of their investments in Greece.

Read More: http://www.bloomberg.com/news/2011-06-16/switzerland-s-franc-appreciates-to-less-than-1-20-per-euro-for-first-time.html

High oil prices could pose a threat forcing world to slide into recession

Posted: June 16, 2011 in Iraqi Dinar/Politics
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06/16/2011 9:50

Fears that high oil prices to economic recession and warned the International Energy Agency, based in Paris, the risk of continuation of current levels of high oil prices, which may lead towards a new global economic recession.

The chief economist Fatih Birol said “oil prices, which range at an average $ 120 a barrel, threatening to make the world sliding into recession again.”

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Source: Meeting next week; Allawi, Maliki, Barzani, Talabani, and Sadr to attend

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Meeting in Arbil gathering Allawi, Maliki ,Sadr, Barzani and Talabani next week.

Baghdad / NINA /– A close source to the leader of the Iraqiya slate Iyad Allawi, announced that a meeting will be held next week gathering Iyad Allawi, Nuri al-Maliki, Muqtada al-Sadr, Massoud Barzani. and Iraqi President Jalal Talabani.

The source told NINA on Thursday “The convening of this meeting based on a agreement between Barzani and al-Sadr, who has made contact with both Allawi and al-Maliki, and got their consent to attend the meeting in order to overcome the tension between the Iraqiya slate and the state of law coalition

http://wp.me/pZC7o-8FW

Iraq: Parliament to host Foreign Affairs Minister; Discuss Iraq-Kuwait relations

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Today the House of Representatives allocated to discuss its Secretary of Baghdad on projects and host the Secretariat and the Ministers of Foreign Affairs and Transport to discuss the issue of the Kuwaiti port of Mubarak

BAGHDAD (Iba) … Allocated by the Council of Deputies, in its third legislative term of the second call Thursday to discuss the general secretary of Baghdad about plans and projects of trust and constraints.

The meeting today also include Messrs. host, Foreign Minister and the Minister of Transport about the Iraqi-Kuwaiti relations and private land and maritime boundaries and the Kuwaiti port of Mubarak.

It is scheduled to start at ten o’clock in the morning.

http://wp.me/pZC7o-8Ey

Iraqi Parliament convenes Thursday

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Parliament held its third meeting under the chairmanship of Najafi and the presence of 215

The Council of Representatives, Thursday, its third legislative year the second, headed by Speaker Osama Najafi and the presence of 215 deputies, while the parliamentary source they will vote on the formation of a committee of experts to oversee the selection of members of the UN High Commissioner for Human Rights and hosting the Ministers of Transport, Foreign Affairs, the Mayor of Baghdad.

The source said in an interview for “Alsumaria News”, “The Iraqi Council of Representatives a decade, before noon today, its regular third of the first legislative term of the legislative year the second headed by Osama Najafi and his deputies and the presence of 215 deputies,” noting that “the meeting will vote on the formation of a committee experts to oversee the selection of members of the UN High Commissioner for Human Rights and the constitutional oath of Khalid al-Asadi substitute for Khudair Khuzaie assumption that the position of Vice President of the Republic. “

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Iraq List agrees to return to negotiations subject to Maliki agreeing to Barzani Initiative

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Talabani combines Iraqi rule of law

Baghdad (Omar Star) has announced «Iraqi List» led by Iyad Allawi, agreed to return to the table Negotiations with the «coalition of law», led by Prime Minister Nuri al-Maliki, a condition «Prior to each national partnership agreements», as confirmed Maliki’s bloc Commitment to «the agreement without the proposed increases ».

A spokeswoman for the «Iraqi List» Maysoon al «life», that «the hours The next will see a meeting of committees of the political blocs in the house of President Jalal Talabani, We will be present to see the initiative that the president intends to ask.  For our part, we will accept a return to Negotiations, subject to approval by Maliki’s coalition on the implementation of the agreement all of Arbil, the Agreement Which established the current government, without any distortion or change in its clauses, especially the The formation of strategic policies ».

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Los Angeles Times: Washington does not know the fate of $6.6 billion of Iraqi funds

Posted: June 16, 2011 in Iraqi Dinar/Politics
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According to the Los Angeles Times reported that officials at the Pentagon still do not know the fate of the $ 6.6 billion sent in cash from Iraq’s money frozen in the United States to Baghdad, was supposed to be spent on reconstruction projects in the country after the war began.

The newspaper said on Monday that after the U.S. invasion of Iraq in March 2003, the Bush administration has pumped a lot of money to finance reconstruction and other projects, in the first year that the unit was established new accounts.

He asserted, Pentagon officials said the cargo plane and one of the C-130 aircraft can carry 2.4 billion dollars packed $ 100 bills have been sent in the first plane-load of money, followed by 20 trips to Iraq in May of 2004, U.S. officials believe it is the largest air transport of money in history.

http://wp.me/pZC7o-8Fd

Deputy Shaker Darraji: Talabani’s initiative seeks to close a meeting between Maliki and Allawi

Posted: June 16, 2011 in Iraqi Dinar/Politics
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A member of the House of Representatives for the National Alliance that the initiative launched by the President’s initiative is complementary to the Barzani has been the launch of this initiative through ongoing meetings between the heads of the blocs.

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Legal committee calls on House of Representatives to speed up

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Legal representative Iraqi cabinet calls for speeding up an internal confirmation of the order

Baghdad, June 16 (Rn) – A member of the Legal Committee of the House of Representatives of Iraq, Thursday, the committee demanded that the Cabinet is to accelerate the adoption of rules of procedure regulating the work of ministries and governmental bodies in the next phase.

The bright Naji, told the Kurdish news agency (Rn) that “the work of the Council of Ministers at the current stage shall not have any legal formula be approved unless the internal system works and the jurisprudence of the completion of major government projects.”

“The legal committee will address a letter to the prime minister calls it the need to work according to the internal system in the coming days because his job as the current is not legal.”

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Iraq witnesses Moon’s eclipse, Lasted 100 minutes

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Baghdad is witnessing the total eclipse of the moon

Baghdad is witnessing now (witnessed) and in the eleven o’clock and five minutes total eclipse of the moon, where it remains not only the light of the moon light is very dim, The voices you hear the mosques and Shiite mosques in Iraq’s cities now magnifications to God Almighty to his ability.

http://wp.me/pZC7o-8Fz

UN Political Affairs General: Ends Iraq visit; UN will help, But Iraq must find its own solutions

Posted: June 16, 2011 in Iraqi Dinar/Politics
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UN’s leading political official concludes Iraqi visit

Erbil, June 15 (AKnews) – The head of the UN Department of Political Affairs General B. Lynn Pascoe left Iraq yesterday at the end of a three-day visit.

During his visit Mr. Pascoe met with the Iraqi Prime Minister Nouri al-Maliki and other leading officials in Baghdad, Kirkuk and Erbil.

During all of these meetings, Mr. Pascoe is said to have reiterated the UN’s commitment to offering assistance to Iraq and looked at ways of improving efforts to meet the needs of the Iraqi population.

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State actions to end the post-Development Fund for Iraq

Posted: June 16, 2011 in Iraqi Dinar/Politics
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16/06/2011

Foreign Ministry confirmed completion of all actions required to move towards an effective mechanism for post-Development Fund for Iraq, which expires upon the supervision of the UN this month. He said Foreign Minister Hoshyar Zebari, in a speech to the Security Council, “that Baghdad has taken all necessary arrangements including the allocation of five percent of oil revenues to the Compensation Fund.”

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Maliki confirms redundancy of some ministries; Supports reduction of government

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Maliki confirms the existence of about 20 of the Ministry of extra support Trchigaha

Confirmed the coalition of state law, on Thursday, the presence of some 20 ministries redundant in the current government led by the ministries of state affairs, pointing out that he supports the government’s feminine half of the number of portfolios.

The initiative resulted in Arbil, the Kurdistan Region President Massoud Barzani to form a government made up of 42 of the Ministry, which promise some flaccid as a government, as well as the survival of the security ministries vacant and managed by Prime Minister Nuri al-Maliki and the agency.

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Iraq parliamentary proposals to promote the reality of living of citizens

Posted: June 16, 2011 in Iraqi Dinar/Politics
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A number of House members supporting the private sector and the promotion of the economic sector of the state for the purpose of supporting the millions of Iraqis who are languishing below the poverty line, estimated percentage of 23 percent of the population of the country.

The MP said Hussein Muraabi member of the Economic Committee in the House: It was discussed this subject in the The subject in which the most prominent is the issue of ration card, where there is a table in the Economic Commission of the Secretariat of the Council of Ministers to block the ration card for all segments of society.

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CBI Daily Currency Auction June 16, 2011: $181 million

Posted: June 16, 2011 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 16-JUN-2011. The results were as follows:

DETAILS NOTES
Number of banks 19
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 180,717,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 180,717,000
Total offers for selling (US$) —–

Source: Allawi in possession of files that would bring down govt; Allawi wants PM removed

Posted: June 16, 2011 in Iraqi Dinar/Politics
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altSources close to Allawi confirms possession of files that would bring down the government
Thursday, 16 June 2011

Sources close to former Prime Minister Iyad Allawi told the term possession Allawi large files that would bring down the government, sources confirmed that the Iraqi attend in the near term to declare the document condemns, in some form, president of a coalition of law Nuri al-Maliki.

The sources added that Allawi wants to remove al-Maliki as prime minister.

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Exiled TBI Boss Denies Allegations – Open Letter from Bank’s Advisor

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Exiled TBI Boss Denies Allegations – Open Letter from Bank’s AdvisorThe exiled former head of the Trade Bank of Iraq (TBI), Hussein Al-Uzri [Hussein al-Azri], has denied allegations of corruption and mis-management in a telephone interview with Reuters.

“It’s about control of this bank,” the U.S.-educated banker, aged 48, told the news agency in his first media interview since fleeing Iraq. “Having control of the bank gives them control of substantial assets and they can basically utilize it.”

For his own security, he did not want to say from which country he was speaking.

A top Maliki aide, cabinet general secretary Ali al-Alaq, has said authorities moved against the bank because its leadership was suspected of violating banking regulations and issuing improperly secured loans. Alaq said the irregular practices had cost the country “millions of dollars.”

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Sheikh: Iraqi List did not receive notification to replace Allawi during his absence

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Sheikh: did not receive notice of the replacement of Allawi
Thursday, 16 June 2011

According to a member Iraqi Fattah al-Sheikh that his list did not receive written notice of the Presidency of the parliament requires the replacement head of the list by Iyad Allawi, another candidate calls list.  He added that if the receipt of formal notification there will be a decisive stand on this issue, which some are trying to activate at a critical time.

The modern replacement for Allawi, days after announcing his intention to question al-Maliki in his capacity as deputy to the accusation of the President of the Iraqi government of using public money to devote his party and support the families and conduct demonstrations in favor of it.

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GOI Economic Adviser: Oil prices will not drop to $100/barrel in the coming months

Posted: June 16, 2011 in Iraqi Dinar/Politics
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OilBaghdad, June 16 (Rn) – The economic adviser in the Iraqi government that Iraqi oil prices will not drop to less than $ 100 per barrel in the coming months because of the needs of international companies to large quantities of oil found after the export from Libya.

Salam al-Quraishi, a Kurdish news agency (Rn) that “the Iraqi crude oil prices will not fall below $100 a barrel, especially with the polarization of the Asian markets to buy Iraqi oil.”

“The state budget for 2011 is built on the basis of the sale price level of crude oil up to $85 per barrel, which would cause a large surplus of money in the state budget.”

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Goldline International: Standard Chartered Bank; Gold May Rise to $5,000 on Limited Supply

Posted: June 16, 2011 in Gold/Silver, Investment Tips, US Economy
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Analyst: Gold May Rise to $5,000 on Limited Supply

June 15, 2011

Standard Chartered Bank issued a comprehensive study this week entitled In Gold We Trust that examines supply/demand trends for gold. According to the bank, “limited gold production, buying by central banks and increasing demand from India and China – can potentially drive the gold price to $5,000 per ounce.”

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Kurdish MP: Surprised by absence of discussion surrounding outstanding security ministers during televised meetings

Posted: June 16, 2011 in Iraqi Dinar/Politics
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The Deputy of the Kurdistan Alliance was surprised at the absence of the security file, which is headed by the Prime Minister and the agency of televised public meetings of the Council of Ministers.

The MP said Mahmoud Othman, told all of Iraq Tuesday that public meetings of the Council of Ministers witnessed the absence of the security file, which is still, however, the general commander of the armed forces and minister of defense, interior and national security and intelligence.

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US Ambassador to Iraq: Confirms U.S. support for Iraq political process

Posted: June 16, 2011 in Iraqi Dinar/Politics
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U.S. Ambassador to the president confirms his country’s support for the political process in Iraq

Baghdad (news) .. new U.S. ambassador to his country’s support for the political process in Iraq during his meeting with President Talabani.

statement by the Presidency of the Republic received the Agency (news) a copy of it on Wednesday: that during the meeting discussed ways of strengthening relations between Iraq and the United States within the framework of strategic agreements between the two countries in various fields. Also discussed U.S. support for Iraqi forces in the areas of military training and equipment.

And the statement added that the new U.S. ambassador to his country’s support for the political process in Iraq and what each would contribute to Iraq’s stability and prosperity.

http://wp.me/pZC7o-8EX

Iraqi List Deputy: Maliki wants to take away our right to nominate the Minister of Defense

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. ruled out MP / coalition in Iraq / Hamza Dawood that are named Minister security in this period, pointing out that the Prime Minister wants to rob the right of the Iraqi nomination and Minister of Defense and will pay the personalities of the Sunni’s and wants to pass in parliament and you would think the Iraqi.

The House of Representatives has voted by majority to give confidence to the government of Prime Minister Nuri al-Maliki, without the security ministries on December 21 last year.

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Alsumaria News: 2006 law on replacing member of Iraqi parliament

Posted: June 16, 2011 in Iraqi Dinar/Politics
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Alsumaria News publish the specific law to replace the members of the Iraqi Council of Representatives No. 6 of 2006

I got “Alsumaria News”, Thursday, a copy of the law to replace the members of the Iraqi Council of Representatives No. 6 of 2006, approved by the Presidency of the parliament in the session held on the 11 of July in 2006, based on what passed the Council in accordance with paragraph I of Article 61 of the Constitution Iraq and the provisions of paragraph V of Article 138 of the Constitution.

The law provides for the end of the membership of the deputy in the parliament after assume a member of the House position in the presidency or the Congress or any other governmental position, or in the event of illness or disability or disability prevents the member from performing his duties in the Council over the term of the session and to prove it means fundamentalism.

Replacement of the text of the law of the Iraqi Council of Representatives:

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