Archive for June 19, 2011

Iraqi economist concerned GOI unable to protect oil revenues adequately after June 30

Posted: June 19, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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Economic concerns of the inability of Iraq to provide permanent protection for its oil revenues

Baghdad, June 19 (Rn) – The number of Iraqi economists fear of the inability of the Iraqi government in the provision of legal mechanisms to protect Iraq’s oil revenues after next June.

The economic expert and member of the Higher Council for trading cash Shaker Abdullah Zamili of Kurdistan News Agency (Rn) that “financial institutions in the Iraqi government is unable to provide protections solid after next June, unless the works to address gaps banking government and the evolution of the performance of private banks to share the process of the protection of Iraqi funds from behind the oil revenues. “

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Allawi will not atttend Monday conference with Talabani and Maliki due to illness; Offers apology

Posted: June 19, 2011 in Iraqi Dinar/Politics
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Allawi refrain from attending the meeting of the leaders called for Talabani to resolve political crisis

ader Iyad Allawi’s list, Tuesday, to attend the forthcoming meeting of leaders convened by the President of the Republic, in “Park” steps by the Taliban for the collection of the political parties and address the crisis Asih.

A statement issued by the Office of President Jalal Talabani and received “Alsumaria News”, a copy of it, that “the Iraqi leader Ayad Allawi telephoned from London with President Jalal Talabani, apologizing to attend the extended meeting of political leaders to be held on Monday,” noting that “Allawi emphasized that “the apology was due to medical conditions outside his control.”

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Iraq parliament to reconvene Tuesday, June 28th

Posted: June 19, 2011 in Iraqi Dinar/Politics
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Iraqi parliament to raise its 28 of this month after the vote on two bills

Baghdad, June 19 (Rn) – The Iraqi Parliament Speaker adjourned the Council to the 28th of this month after the vote on the bills and the first reading of the law to postpone the vote on the bills of others.

A member of the House of Representatives for the Iraqi List, Ziad worldwide abolition of the Kurdistan News Agency (Rn), “The House of Representatives Speaker Osama Najafi decided to adjournment of the House of Representatives to the 28th of this month after the vote the draft law on the administrative structures, and the draft Law of the opinion in the ministries, and the first reading the draft law to the internal security forces. “

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To the men who dream of a better tomorrow for their families…Happy Father’s Day

Posted: June 19, 2011 in Iraqi Dinar/Politics
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I for one am not a father..I haven’t shared in this blessing. But for those who are my hat tip’s to you today.  Happy Father’s Day to those who are with us and to those who live in our hearts. –Just Hopin

“His heritage to his children wasn’t words or possessions, but an unspoken treasure, the treasure of his example as a man and a father”  – Will Rogers Jr.

“Any man can be a Father but it takes someone special to be a dad.” — Anne Geddes

“The father is always a Republican toward his son, and his mother’s always a Democrat.” — Robert Frost

“Sometimes the poorest man leaves his children the richest inheritance.” — Ruth E. Renkel

“A truly rich man is one whose children run into his arms when his hands are empty.” — Unknown

“A father is a fellow who has replaced the currency in his wallet with the snapshots of his kids.” — Unknown

Iraq Minister of State speaks at World Economic Forum in St. Petersburg Russia

Posted: June 19, 2011 in Iraqi Dinar/Politics
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Dabbagh participate in the World Economic Forum in St. Petersburg

New Minister of State and government spokesman Ali al-Dabbagh, Iraq’s desire to build balanced relations with Russia in the interest of the Iraqi people and the Russian Federation.

A statement issued by the Office of Government Spokesperson for Al-Dabbagh confirmed his participation in the World Economic Forum held in St. Petersburg, Russia on the importance of participation of Russian companies to invest in Iraq

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Organization of Economic Cooperation and Development: World food prices climb 30%

Posted: June 19, 2011 in Iraqi Dinar/Politics
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International reports: Rising food prices by 30%

Organization of Economic Cooperation and Development that the rise in food prices in the next decade by more than 30%, and that any further increase would have a disastrous impact on the world’s poor.

The Secretary-General of the Organization Anguilla Goeriaa that any further increases in food prices worldwide will have a disastrous impact on the world’s poor, and might lead to political turmoil and famine. The report of a joint FAO and the Organization for Economic Cooperation and Development, that grain prices will rise by 20%, meat – do not especially for chicken meat – more than 30%, note that food prices are high now about 40% compared to last year’s prices.

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Vietnam Prime Minister: Next year; tighter monetary policies, increase in foreign currency reserves

Posted: June 19, 2011 in Asian Currency Markets
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Government pledges strict monetary policies next year

VietFinanceNews.com – Tight monetary and fiscal policies will be prioritised in 2012 in order to continue taming inflation, stabilise the Vietnam dong and heighten foreign currency reserves, said Prime Minister Nguyen Tan Dung.

The PM requested ministries, agencies and state-owned enterprises (SOEs) to draw out development plans and budget estimates for next year.

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Bloomberg: Dollar’s Decade-Long Bear Market is Ending, Citigroup’s Fitzpatrick Says

Posted: June 19, 2011 in US Economy
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The dollar is poised to reverse its almost decade-long bear market trend as global growth slows, Europe’s debt problems worsen and theFederal Reserve ends its asset-buying program, according to Citigroup Inc.

The dollar may stop weakening, as it has since the 2000- 2002 period, and enter a bull market for the first time since 1995, Tom Fitzpatrick, chief technical analyst at Citigroup Inc. in New York, said in a note to clients.

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Kuwait optimistic on solution to the crisis with Iraq, Mubarak Port

Posted: June 19, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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Expressed the Kuwaiti Embassy in Iraq, Sunday, optimism about the resolution of the crisis with Iraq, the port of Mubarak, saying it quoted requests for clarification made by the Iraqi government to the government of her country.

The Kuwaiti ambassador in Iraq to the insured in an interview for “Alsumaria News”, “all documents obtained by the Iraqis moved to the Kuwaiti government,” noting that “the documents included a request for clarification of some points of the Government of Kuwait on the construction of the port of Mubarak.”

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CBI: Annual core inflation rate accelerates to 7.3%

Posted: June 19, 2011 in Iraqi Dinar/Politics
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BAGHDAD (Babinaoz / Reuters) – A senior official of the Central Bank of Iraq to the annual core inflation accelerated to 7.3 percent in May from 6.1 percent in April, driven by the cost of imported goods and services especially in the health care sector. Qasim said the appearance of the bank’s adviser, “there is little inflation this year, but still under control. I do not think it will exceed the (single digit).”

The Central Bank of Iraq in April that he expected annual inflation to remain in the single digits by the national program of ration, who helped absorb some price increases. And draws most of Iraq’s imports of wheat, rice, cooking for the program, which provides basic food for millions of citizens.

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Source: Najafi will go to America tomorrow to discuss the question of extending the stay of its troops in Iraq

Posted: June 19, 2011 in Iraqi Dinar/Politics
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Arbil, June 19 (Rn) – The Second Vice-President of the Iraqi Council of Representatives, on Sunday, for the President of the Council Osama Najafi will head a delegation from the Parliament tomorrow to the United States, pointing out that the visit aims to discuss extending the stay of U.S. forces in Iraq.

And Arif Tayfur of Kurdistan News Agency (Rn), “The Iraqi Parliament Speaker Osama Najafi will travel at the head of a delegation from the Parliament tomorrow to the United States,” noting that “the visit aims to discuss the extension of the survival of part of the U.S. forces after the withdrawal decision from Iraq the end of this year. “

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State of Law Bloc: Both political parties are reaching some understanding on outstanding issues

Posted: June 19, 2011 in Iraqi Dinar/Politics
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The state of law emphasizes reaching understandings with the Iraqi on the points of difference

Coalition confirmed the rule of law led by Nuri al-Maliki, said Saturday that it has reached understandings with the Iraqi List, a large on points of dispute and resolve the outstanding issues between them.

The crisis between the state of the law and Iraqi long last decided to suspend meetings of the presence of the political blocs to be held under the auspices of Rose Nuri Shaways representative of the President of the Kurdistan Region in Baghdad in protest at not receiving answers to its questions by the National Alliance.

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CBI: Central Bank carries some responsibility for the missing $6.6 billion

Posted: June 19, 2011 in Iraqi Dinar/Politics
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Central bank carries responsibility for the loss of Paul Bremer’s $ 6.6 billion of Iraqi funds

BAGHDAD – Babinaoz: Download the Iraqi Central Bank head of the so-called Coalition Provisional Authority prior to the American occupation forces responsible for the loss of Paul Bremer’s $ 6.6 billion.

Ali Alabreha deputy central bank governor in a press statement the bank is not responsible for loss of $ 6.6 billion and lost in the period between 28/5/2004 and 28/6/2004 AD.

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Maliki’s assessment report presents the performance of his government next Tuesday, 28th

Posted: June 19, 2011 in Iraqi Dinar/Politics
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Baghdad, June 19 (Rn) – Iraqi Prime Minister Nuri al-Maliki said on Sunday that he will submit his report to assess the ministries and independent bodies for deadline percent on Tuesday, pointing out that listening to the achievements of independent bodies within the specified period will end tomorrow.

Al-Maliki had given in the 27 of February, and his cabinet ministers out 100 days to improve the performance of their ministries after popular protests swept several cities in Iraq calls for the provision of services, pledging to isolate and then defaulting.

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Iraqi parliament postponed the vote on the legal and the Federal Court judges

Posted: June 19, 2011 in Iraqi Dinar/Politics
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Baghdad, June 19 (Rn) – The Chairman of the House of Representatives Osama Najafi postpone the vote on the law of the appointment of judges of the Appeals Chamber to consider appeals filed against the Justice and Accountability Act, the Federal Court.

A member of the Iraqi List, Ziad worldwide abolition of the Kurdistan News Agency (Rn), “The Presidency of the Council of Representatives decided to postpone the vote on the law of the appointment of judges of the Appeals Chamber to consider appeals filed against the Justice and Accountability Act, the Federal Court to another date for failure to meet legal requirements.”

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CBI Daily Currency Auction June 19, 2011: $158 million

Posted: June 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-JUN-2011. The results were as follows:

DETAILS NOTES
Number of banks 16
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 158,191,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 158,191,000
Total offers for selling (US$) —–

Parliament session convened Sunday; Adjourned till Tuesday

Posted: June 19, 2011 in Iraqi Dinar/Politics
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House of Representatives to raise its fifth after Tuesday

Raised the presidency of the Iraqi Council of Representatives, Sunday, the fifth session of parliament of the second legislative year to the day after tomorrow, Tuesday, in a parliamentary source said that the meeting witnessed a vote on the three laws and the first and second readings of a number of laws.

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