Archive for June 28, 2011

IMF Press Release: IMF Executive Board Selects Christine Lagarde as Managing Director

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Press Release No. 11/259
June 28, 2011

The Executive Board of the International Monetary Fund (IMF) today selected Christine Lagarde to serve as IMF Managing Director and Madame Chairman of the Executive Board for a five-year term starting on July 5, 2011. Ms. Lagarde, who succeeds

Mr. Dominique Strauss-Kahn, is the first woman named to the top IMF post since the institution’s inception in 1944.

The selection of Ms. Lagarde by the 24-member Executive Board representing the IMF’s 187 member countries brings to conclusion the selection process initiated by the Executive Board on May 20, 2011 (see Press Release No. 11/191). According to the agreed procedures, the Board had agreed to meet with Mr. Agustín Carstens and Ms. Lagarde for the post. The candidates met bilaterally with Executive Directors, as well as the Executive Board, during June 20-23, 2011. In these meetings, Mr. Carstens and Ms. Lagarde had the opportunity to present all relevant information concerning their specific candidacies.

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United Nations: Our stay in Iraq depends on the request of the Government and Parliament

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Tuesday June 28, 2011

Assured the United Nations Mission in Iraq, UNAMI, Tuesday, willingness to provide necessary support to maintain common security mechanism in the disputed territories after the withdrawal of U.S. forces, as pointed out that staying in Iraq depends on the request of the Government and Parliament.

The head of the mission, Ad Melkert said that “the United Nations is ready to provide support in maintaining the mechanism of common security in the disputed areas, if requested by the Government of Iraq by the United Nations,” he said, pointing at the same time “there is no reason to say that the need to replace the international forces After the U.S. withdrawal from Iraq, especially since this has not been asked to provide any about it. “

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Bloomberg: Asian Currencies Gain, led by Won, as Greek Concerns Ease on Roll-Over

Posted: June 28, 2011 in Iraqi Dinar/Politics
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By Khalid Qayum and David Yong – Jun 28, 2011

Asian currencies advanced, led by Malaysia’s ringgit and South Korea’s won, on optimism Greece’s creditors will agree to extend the nation’s debt maturities.

The MSCI Asia-Pacific Index of regional stocks gained before Greek lawmakers vote tomorrow on budget cuts and asset sales needed to get future financing. France is working on a plan to roll over 70 percent of Greece’s debt, President Nicolas Sarkozy said yesterday. Taiwan will raise borrowing costs this week and South Korean inflation accelerated in June, according to economists surveyed by Bloomberg.

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http://www.bloomberg.com/news/2011-06-28/asian-currencies-gain-led-by-won-as-greek-concerns-ease-on-roll-over.html

China announces its willingness to support the Euro

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Announced that Chinese Premier Wen Jiabao today’s “Sunday” that his country will propose to the European partners “to provide broad support for Europe and the euro.” This came on the eve of his way to visit Britain for a three days from Hungary .

According to media sources, “said Wen Jiabao pledged in his meeting with Hungarian Prime Minister Viktor Orban on the support of the European Union and its currency,” pointed to “aggravate the debt crisis in Europe, and he trusts the existence of the possibilities of economic development among the Europeans” .

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Iraqi parliament will read bill to reduce number of holidays

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Iraqi parliament is working on legislation to reduce the law vacations
TUESDAY, JUNE 28, 2011

Committee announced Awqaf and Religious Affairs in the Iraqi parliament, on Tuesday, for the next week will see the second reading of the bill for the Christmas holidays and religious occasions, indicating that the committee is working to reduce the holidays.

A member of the Committee of Religious Endowments and Religious Affairs Hamid Adel in an interview (twilight), the work is under way between his committee and the Committee of Culture and Information parliamentary select holidays and religious events, stating that “next week will see the second reading of the bill.”

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Arab Bank Summit: Italian banks provide 19 billion Euro for Middle East financing. CBI’s Shabibi in attendance

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Italia Simply Biz:  Abi, 19 billion allocated for businesses in North Africa and Middle East

The banks and the Italian institutions and Arab met in Rome to ‘International Arab Banking Summit 2011 , organized by Abi and Union of Arab Banks , supported by the European Banking Federation , the World Bank and the Ministry of Foreign Affairs . The forum, this year dedicated to strengthening economic cooperation with countries of North Africa and Middle East (MENA), had as its theme The Future of the MENA region: the impact on the global economy.

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Source: Next meeting, Iraqi List to ask Maliki again to nominate Obeidi as Defense Minister

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Tuesday June 28, 2011
Maliki will be asked to nominate al-Obeidi of the Iraqi defense portfolio and the approval of the preliminary final but the conditions

BAGHDAD – Signed a parliamentary source familiar with the request of Prime Minister Nuri al-Maliki, the Iraqi List, the nomination of Khalid al-Obeidi of the defense portfolio again at the next meeting of the leaders of political blocs convened by President Jalal Talabani in his initiative to bring the positions between the political blocs and end the current crisis.

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CBI will rely on large private banks to aid in the process of circulation

Posted: June 28, 2011 in Iraqi Dinar/Politics
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money exchange office istanbulCBI decides to rely on private banks with large capital

Baghdad, June 28 (Rn) – The Central Bank of Iraq today, Tuesday, he decided to rely on private banks, heads of big money in the process of circulation.

The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Iraqi Central Bank decided to rely on private banks with large capital, which has branches in the provinces in the process of circulation with the countries in the world and strengthen the role of global investment in addition to giving way to deal with the government institutions in Deposit the money. “

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Shaways: vigorous efforts being made ​​to complete the line-up and implementation of all the political agreements

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Tuesday, June 28, 2011 14:23

Deputy Prime Minister Nuri al-Rose Shaways that “strenuous efforts being made ​​to complete the line-up and implementation of all the political agreements.”

A statement by the Office of Shaways that “Deputy Prime Minister example, has typically Nuri Shaways received in his office in Baghdad James Jeffrey, the U.S. ambassador in Baghdad and his accompanying delegation were discussed bilateral political, economic and cultural relations between the two countries and ways to strengthen and develop the service to the people of two countries.”

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House of Representatives resumes its sessions tomorrow to discuss the salaries of the law of the internal security forces

Posted: June 28, 2011 in Iraqi Dinar/Politics
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House resumes tomorrow its discussion of a number of Laws the most important of the salaries of the Internal Security Forces and the equal with the salaries of the army, where will be its second reading and then open for discussion and expected some parliamentary sources that accounts for discussing the law on salaries of security forces, most of the time meeting tomorrow of its importance was the House of Representatives may raise its which was on Sunday from last week to Tuesday, but for it to tomorrow, Wednesday to coincide with the anniversary of the martyrdom of Imam Kadhim, peace be upon him

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MP for Iraqi List: National Council is not considered important; An obstacle in political process

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Tuesday June 28, 2011
Janabi: The Council’s strategic policies of the Supreme does not serve the political process, a joint chair for Allawi

A member of the Iraqi List, the appearance of al-Janabi said the National Council for the strategic policy which was introduced in the Erbil Convention does not serve the political process and came to please the head of the Iraqi person, “as he put it

The MP said the Janabi in a press statement that the political council of a political deal to appease the people, Iyad Allawi himself after he was excluded from the prime minister, despite the victory of the Iraqi List, the first prize in the last legislative elections. “He pointed out that this position is not considered important positions in government and can an obstacle in it. “

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Maliki to discuss with the new British Ambassador bilateral relations and latest developments

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. Search Prime Minister Nuri al-Maliki with the new British Ambassador to the latest developments in the political process and bilateral relations between the two countries.

A source in the Prime Minister (of the Agency news) that al-Maliki today received new British Ambassador in Iraq, Michael Aaron.

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Foreign Relations: Committee on the problem port Mubarak will report in on July 7

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. said the Foreign Relations Committee in the Iraqi Council of Representatives that it will provide its report on the port (Mubarak) on July 7 the next, noting that any opinion appears before the submission of the report would be premature.

A member of the MP / Kurdistan Alliance Rh and his g Mahdi Khoshnaw in a statement to the Agency (news), “Prime Minister Nuri al-Maliki ordered the formation of an extended high-level committee to manage and follow up the implications of Port Project (Mubarak) of Kuwait will give a final answer on this subject,

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Ali Fayad: Reconciliation committees to meet and influential figures in Iraq

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Baghdad (news) .. A member (a gathering of national reconciliation) Ali Sheikh Dhari Fayad, MP / coalition of state law / that the assembly will form a committee to arrange meetings with various important figures in the country.

The hospitality in a statement to the Agency (news), that assembly will form specialized committees to work on arranging meetings with important figures and influential in the country in various fields Kalssayas, religious and tribal.

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AP: IMF could pick Lagarde as chief as soon as Tuesday

Posted: June 28, 2011 in Iraqi Dinar/Politics
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WASHINGTON – French Finance Minister Christine Lagarde is expected to be chosen as early as Tuesday to be the new leader of the International Monetary Fund.

Lagarde would be the first woman to lead the lending organization. She would replace Dominique Strauss-Kahn, who resigned last month after being charged with sexually assaulting a New York City hotel housekeeper. Lagarde was opposed by Agustin Carstens, a Mexican central banker whose candidacy never caught fire, even among developing countries.

Read more: 
http://old.news.yahoo.com/s/ap/20110628/ap_on_bi_ge/us_imf_future