Archive for August, 2011

Kuwait Emir: Kuwait seeks to strengthen relations with Iraq, become a model for Arab nations

Posted: August 31, 2011 in Iraqi Dinar/Politics
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Said the Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah said his country is always striving for the good of Iraq and the relations will be strengthened and consolidated through hard work and endless pursuit for both sides.

This came during a telephone conversation in which congratulated President Jalal Talabani, the Emir of Kuwait on the occasion of Eid al-Fitr.

He said Talabani said in a statement issued by the Kuwaiti government was and is a friend a lover of the Iraqi people, which stimulates that relations between Iraq and Kuwait a model for relations with other Arab countries, again thanks to Mecca last from which emanated the release of a number of Iraqi prisoners in Kuwait people.

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IMF: 2011 World Bank-IMF Annual Meetings kick off September 23-25

Posted: August 31, 2011 in Iraqi Dinar/Politics
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The 2011 World Bank-IMF Annual Meetings kick off in September. The shareholders of the two institutions and other attendees will participate in a full slate of pre-meeting seminars, luncheons, and briefings focused on the global outlook and economic recovery.

The Annual Meetings of the the World Bank Group and the International Monetary Fund (IMF) each year bring together central bankers, ministers of finance and development, private sector executives, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

Schedule

New Iraqi Dinar to be Harder to Counterfeit

Posted: August 31, 2011 in Iraqi Dinar/Politics
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New Iraqi Dinar to be Harder to CounterfeitAccording to reports from Al-Sabaah, the Central Bank of Iraq is planning to make its new currency forgery-proof.

Central Bank Governor Sinan al-Shabibi claims that the new currency’s attributes will make it ‘difficult’ to falsify, and says that the project to delete the three zeros, if implemented [awaiting parliament approval], will enhance the value of the Iraqi dinar against other currencies.

The Central Bank and the Finance Committee in the House of Representatives agreed to hold further meetings to finalize discussions on the project.

(Source: Al-Sabaah)

http://bit.ly/r4D9q4

New Iraq oil law a boon for Kurdistan explorers

Posted: August 31, 2011 in Iraqi Dinar/Politics
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The approval over the weekend by the Iraqi cabinet of the long-delayed draft oil law is being interpreted as positive by analystsAugust 31 2011

The approval over the weekend by the Iraqi cabinet of the long-delayed draft oil law is being interpreted as positive by analysts

The approval over the weekend by the Iraqi cabinet of the long-delayed draft oil law is being interpreted as positive by analysts assessing its impact on companies working in semi-autonomous Kurdistan.

It will now be sent to parliament for final passage. And when enacted it will provide foreign explorers a more solid legal framework for their activities.

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Central Bank reveals details of Iraq’s new currency

Posted: August 31, 2011 in Iraqi Dinar/Politics
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Iraqi Central Bank unveiled, Tuesday, that the new Iraqi currency be lifted by three zeroes, stating that he had conducted an exhaustive study concluded that lifting the Iraqi currency would strengthen the zeros.

Deputy Governor Central Bank of Iraq the appearance of Mohamed Saleh said in an interview for “twilight news”, “the Central Bank is determined to raise three zeros from the new Iraqi currency, the Government introduced its House, and is awaiting the decision of the Government and the House”.

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ISC Leader Hakim calls for political blocs to join and work to remove Iraq from Ch VII, achieve sovereignty

Posted: August 31, 2011 in Iraqi Dinar/Politics
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Hakim calls for political blocs to take advantage of the holidays to discard differences and concerted efforts to remove Iraq from Chapter VII and the achievement of sovereignty / Extended
Wednesday, August 31 / August 2011 10:50

Called Ammar Hakim, leader of the Islamic Supreme Council of the political blocs to take advantage of the holidays to discard differences for the sake of the citizen.

He said in a speech during the Eid prayers held in Baghdad, said “There are many variables that have been observed during the last period of the continuing differences between Political blocs and the security breaches that have occurred in the Iraqi street, and some of the abuses by the neighboring countries to the corruption rampant in the joints and state institutions and that is what led to the creation of a spirit of frustration with the Iraqi people. “

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National Alliance brings together the Council refused to pass a law policies

Posted: August 31, 2011 in Iraqi Dinar/Politics
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WEDNESDAY, AUGUST 31 / AUGUST 2011 11:46 HITS: 63

National Alliance bloc announced, Wednesday, components for a consensus to reject a bill passed the National Council for the strategic policies top, giving the reason for this is to the intersection of some of the items of the draft law with the Constitution and the work of the three authorities.

It was agreed that leaders of political blocs, the second of this August, during the meeting which was held at the home of President Jalal Talabani, to be the passage of the National Council for the policies of the Supreme, which is expected to be headed by the Iraqi leader Ayad Allawi.

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GOI Source: a political agreement to resolve the crisis after the feast Warka Bank

Posted: August 31, 2011 in Iraqi Dinar/Politics
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Monday, August 29 / August 2011 13:53

With special: a government source revealed early on Monday, for a political agreement to resolve the issue soon Warka Bank and public debt.

The source, who asked not to be named, said the issue of the Warka Bank and public debt and the possibility of display real estate property of the bank in the auction was to wait out, adding that “the reasons for the patient as belonging to a political agreement anticipated after the holiday in order to resolve the crisis of bank financial “, pointing out that” solve the crisis of the Warka Bank will be through the support material through a large state bank. “

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Source: Iraq one of the fastest countries in the development of the global oil sector

Posted: August 31, 2011 in Iraqi Dinar/Politics
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31/08/2011 09:32

Erbil, August 31 / August (Rn) – A spokesman for the Iraqi Oil Ministry, said that according to the expectations of a number of oil companies, the Iraq’s oil reserves total about 142 billion barrels, adding that Iraq is one of the fastest countries in the world in the development of the oil sector.

He said Assem Jihad told the Kurdish news agency (Rn), “according to expectations of a number of major oil companies, Iraq has reserves estimated at 142 billion barrels of oil, not extracted after a delay due to the oil sector investment during the previous years.”

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Iraqi white Qutaiba Jubouri nominate for the position of Secretary of Defense

Posted: August 31, 2011 in Iraqi Dinar/Politics
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31/08/2011 14:54

Karbala August 31 (Rn), said a member of the white mass of the Iraqi Council of Representatives on Wednesday, said his bloc was nominated one of its members for the post of defense minister, pointing out that the position of a benefit Iraq being white has a good percentage of parliamentary seats.

Mohammad Khadir Daami, told the Kurdish news agency (aka News) announced today that “the Iraqi bloc white nominated one of its members, Dr. Qutaiba Jubouri for the post of Minister of Defense,” pointing out that “the position of maturity mass, which has 12 seats in the Iraqi Council of Representatives.”

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Iraqi National Dialogue calls for urgent meeting of political bloc leaders

Posted: August 31, 2011 in Iraqi Dinar/Politics
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Baghdad, August 31 / August (Rn) – The National Dialogue bloc led by Iraqi Deputy Prime Minister Saleh al-Mutlaq, rallying under the Iraqi List, Wednesday, to the need to convene a meeting of “urgency” of the leaders of the blocs to discuss the political issues that have agreed to find solutions to them during the last period.

It is hoped to hold a meeting of leaders of political blocs within the framework of meetings organized by President Jalal my students to bring the views of my state of law and Iraqi forces.

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MEMRI: Saudi Daily: Al-Maliki Inclined To Escalate Stand Toward Kuwait

Posted: August 31, 2011 in Iraqi Dinar/Politics
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The Saudi daily Al-Riyadh has quoted “a special source” that after the government review of the technical report prepared by special Iraqi missions which visited Kuwait and inspected the construction of the Mubarak port, Prime Minister Nouri al-Maliki is inclined to escalate his stand on the subject.

[The issue of the construction of the large Mubarak Kuwait on Boubyan Island close to Iraqi navigational routes has become a central political issue in Iraq, generating a considerable amount of anti-Kuwaiti sentiments and implied threats of some unspecified action in the future.

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Iraqi white preparing to collect signatures to ask the government to internationalize the issue of port Mubarak

Posted: August 31, 2011 in Iraqi Dinar/Politics
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31/08/2011 10:37

Baghdad, August 31 / August (Rn) – The Iraqi white bloc in the Iraqi Parliament, led by Hassan Al-Alawi, Wednesday, that there is a tendency to collect signatures in the House of Representatives to force the Iraqi government the issue of internationalization of the port of Kuwait Mubarak.

And postponed the Iraqi government, Tuesday announced its official position towards the building blessed by the Port of Kuwait to the post-holiday.

And ended by a technical committee Iraqi specialized, official visit to Kuwait last weekend, having prepared a detailed report on the impacts of the port of Kuwait Mubarak technically on Iraq to export oil, navigation, and other minor damage.

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Araji show his determination to uncover scandals of the Iraqi officials concerning the port of Mubarak

Posted: August 31, 2011 in Iraqi Dinar/Politics
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Tuesday, 30 August 2011

Follow-up – and babysit – MP for the Bloc in the internalized martyr mihrab of the National Alliance (Qasim Araji) his determination to uncover scandals of a number of officials from the Iraqi port on the back of the crisis caused Mubarak.

Araji said that “the number of Iraqi officials had received sums of money estimated one hundred thousand dollars from Kuwait during their visit during the past few days,” calling “them to return such amounts to Kuwait,” and asked them not to compromise the national interest.

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Iraq struggles a decade after 9/11

Posted: August 31, 2011 in Iraqi Dinar/Politics
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BAGHDAD – A decade after 9/11 attacks that set the stage for the 2003 invasion, Iraq is struggling to rebuild as dysfunctional politics, a persistent insurgency and rampant graft blunt the promise of its oil wealth.

Though the country has held two largely free legislative polls and two other votes since Saddam Hussein’s ouster, violence has claimed more than 100,000 lives and hampered reconstruction of its crumbling infrastructure and dated economy.

And while crude oil output has slowly ramped up, combining with high prices to provide a bonanza for a country desperately in need of funds, politicians have argued over cabinet posts for almost 18 months since the last polls, and dithered over whether to ask US troops to stay beyond the end of 2011.

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Maliki confirms that the withdrawal of U.S. troops will be on time, end of year

Posted: August 31, 2011 in Iraqi Dinar/Politics
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Al-Maliki said during an interview with one of the satellite channels that “there will be no base for U.S. forces in the country.”

On the subject of the establishment of the port of Mubarak, Maliki said: “If the port is contrary to the interests of Iraq or damage it, we will stand against this damage through the settings right and the rights recognized by international organizations, because this case a national issue and not one minister or any official.”

On the subject of the National Council for the strategic policy, the prime minister “is not possible to accept the council contrary to the Constitution, and to everyone today to work on the application of the Constitution after that we were able to complete the stage of partnership.”

http://bit.ly/pwARUv

Maliki: Port Mubarak if it conflicts with the interests of Iraq, we will stand face

Posted: August 31, 2011 in Iraqi Dinar/Politics
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Editor: NK Tuesday, 30 August 2011 16:06 GMT

Prime Minister Nouri al-Maliki on Tuesday that Iraq will stand general port if Mubarak was created conflicts with the interests of Iraq or harm her, as he emphasized that the withdrawal of U.S. troops will be implemented on time, and there will be no base in the country.

A statement issued by the Office of the Prime Minister of Iraq and received “Alsumaria News”, a copy of it, the statements of the owners will air a television later, he said that “the establishment of the port if Mubarak was contrary to the interests of Iraq or damage it, we will stand against this damage through the contexts the right and the rights recognized by international organizations, “pointing out that” this case a national issue and not question any minister or official. “

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Washington Post: Free trade must not be a casualty of the currency wars

Posted: August 31, 2011 in Iraqi Dinar/Politics
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PRESIDENT OBAMA and most congressional Republicans agree that the three free-trade agreements between the United States and Colombia, South Korea and Panama would boost U.S. exports and promote U.S. economic growth. Alas, they still have not passed Congress because of partisan politics.

Mr. Obama was wrong to blame the “refusal by some in Congress to put country ahead of party.” As Republicans point out, he hasn’t even formally submitted the measures to Congress, because the White House wants better guarantees that the GOP won’t water down a related aid bill for trade-displaced workers. But the GOP would be wrong to resist White House needs on this score, since such aid has long been the political price of advancing free trade, whose benefits exceed the program’s costs. This has gone on long enough — and then some.

Read More:  http://www.washingtonpost.com/opinions/free-trade-must-not-be-a-casualty-of-the-currency-wars/2011/08/29/gIQAtvzbqJ_story.html

Reservations on the statement of the Political Council in the port of Basra on Mubarak

Posted: August 31, 2011 in Iraqi Dinar/Politics
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08/30/2011 13:32

BASRA / Aswat al-Iraq: A source in the city of Basra, the political council of the 23 organized and political bloc, said that some parties expressed reservations on the statement issued by the Council at a meeting in late on the evening of Monday, and protested the wording of the statement.

The source told Aswat al-Iraq, “we expressed our reservations on the statement issued by the Council at the meeting refused to participate because of our objection to the formulation and wording of the statement that we believe do not serve the current situation and are in the space of calm”.

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China to internationalise currency

Posted: August 31, 2011 in Asian Currency Markets
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The gradual internationalisation of China’s renminbi will see at least 40 percent, or about US$100 billion, of China’s trade with Africa being made using the currency unit by 2015, a research study has shown.

Currency internationalisation is defined as the widespread use of a currency outside the original country.

It is determined by the demand other countries have for that currency.

This depends on the amount of business that is performed between the countries and or the perceived value of the currency as a good store of value.

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Sistani’s office announced that on Wednesday the first day of Eid al-Fitr

Posted: August 31, 2011 in Iraqi Dinar/Politics
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Tuesday, August 30 / August 2011 20:24

Office announced the highest religious authority, Ali al-Sistani said on Wednesday the first day of Eid al-Fitr.

A source close to the religious authority, told all of Iraq [where] it “after failing a vision of legitimacy to the crescent of Shawwal office said the religious authority, Ali al-Sistani that tomorrow is the first day of the Eid al-Fitr.”

http://bit.ly/oncW2y

Vietnam: Agency gives insight into nation’s financial status

Posted: August 31, 2011 in Asian Currency Markets
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VietFinanceNews.com – Deputy Prime Minister Vu Van Ninh on August 29 instructed the National Financial Supervisory Committee to submit quality analysis and predictions of the nation’s financial status to the Government.

Speaking at a conference with the committee, Mr Ninh highly valued the committee’s effective consultancy work in the field of macro-economic management.

The Deputy PM said that the committee could only provide accurate data of it received up to date information from ministries and sectors.

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Vietnam To Keep Dollar-Dong Rate Within 1% Band

Posted: August 31, 2011 in Asian Currency Markets
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VietFinanceNews.com – The State Bank of Vietnam said it will keep the U.S. dollar-Vietnamese dong exchange rate within a 1% band until the end of the year.

It also said in a statement late Monday that the country may record a current account surplus of $2.5 billion to $4.5 billion for 2011, adding that foreign currency reserves have risen significantly recently.

“In all circumstances, the central bank will be able to stabilize the exchange rate and the foreign exchange market,” the central bank said in the statement.

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Oil Committee expects the flexibility and wide the new oil law and calls upon the authorities of Kurdistan to deal positively with

Posted: August 30, 2011 in Iraqi Dinar/Politics
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sign Vice Chairman of the Commission on oil and gas parliamentary Ali Fayad, Monday, to carry the bill new oil and gas, which was approved by the government and will be forwarded to parliament for approval, the flexibility and wide to receive the companies wishing to develop the oil industry, urged the Kurdish regional authorities to deal positively with discuss the law of parliament and not going out on compatibility.

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Central Bank reveals details of Iraq’s new currency

Posted: August 30, 2011 in Iraqi Dinar/Politics
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The central bank of Iraq, Tuesday, that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency.

The deputy governor of Central Bank of Iraq in favor of the appearance of Mohammed in an interview with “Twilight News” that “the central bank is determined to raise three zeroes from the currency of the new Iraqi and presented its project to the government and the House of Representatives, is awaiting the government’s decision and the Council of Representatives.”

Shows the economists, that the process of deleting three zeros from the Iraqi currency will raise its value, and to increase the purchasing power of citizens, pointing to the need to follow the policies of peaceful citizens and to persuade them to get used for a period not exceeding two years.

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Parliament Finance Committee: There is no law forcing merchants to use IQD; There is a need

Posted: August 30, 2011 in Iraqi Dinar/Politics
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Parliamentary Finance Committee: There is no law forcing Altjarbosthaddam Iraqi currency in the trading of Foreign Affairs

30/08/2011 9:48

Baghdad (news) .. According to a member of the Finance Committee and parliamentary deputy / Kurdistan Alliance / Church Haji absence of a proposal or bill in the House of Representatives requires the merchant and forces him to deal in Iraqi currency through import of goods, but he called for Iraqi traders need to deal in Iraqi dinars .

Said Haji Agency (news) on Tuesday: There is no law or proposal in the House imposed on the Iraqi trader and forces him to deal in Iraqi currency for the purpose of strengthening the Iraqi dinar through the import of goods, commodities or other.

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National Alliance candidate Ali al-Dabbagh to the Ministry of Interior

Posted: August 30, 2011 in Iraqi Dinar/Politics
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National Alliance bloc said on Tuesday, on the nomination of the Minister of State for Natqah and Iraqi government spokesman Ali al-Dabbagh to assume the post of Minister of the Interior.

The National Alliance had earlier announced the names of candidates for the office of the Ministry of membranes. They are: Adnan al-Asadi, Farouk al-Araji, and Tawfiq al.

The MP said the coalition of state law bloc affiliated with the National Alliance, Abdul-Ilah Naieli in an interview with “Twilight News” alliance “gave new names to take over the position of the Ministry of Interior, including Secretary of State for Natqah Ali al-Dabbagh, because the portfolio held by at the moment is covered Baltrchiq government “.

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Deputy for the Iraqi ministries are expected to resolve a security meeting of leaders of the blocks after the holiday

Posted: August 30, 2011 in Iraqi Dinar/Politics
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Expect the Iraqi List MP Hamza Alkrtani that there is a meeting of leaders of political blocs after the holiday to end file security ministries.

He Alkrtani told all of Iraq [where] that “the crisis of the security ministries is long overdue and hopes all members of the political blocs to resolve this issue, especially with regard to file the Ministry of Defence and Strategic Council policies.”

He explained that “we call upon the leaders of political blocs and Prime Minister Nuri al-Maliki and all the participants in the ongoing political process in the country to take responsibility and end all outstanding issues. Noting that it” imperative that all parties put the sanctity of the holy month of Ramadan and the Eid al-Fitr, end this long-awaited long. ” .

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Tuesday first day of Eid Holiday. Reminder: CBI on holiday this week

Posted: August 30, 2011 in Iraqi Dinar/Politics
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Sunni Endowment announced that on Tuesday will be the first day of Eid al-Fitr comes after sighting.

The Court Chief Abdul-Ghafoor Samarrai, told a news conference in Baghdad, said that “the supreme body of the Sunni Endowment, and a number of elders in the mosque of Umm Al-Qura met, this evening, and confirmed that on Tuesday is the first day of Eid al-Fitr.”

And held on the occasion of the celebration was attended by Sunni clerics to stop the Sunni Endowment

See The Currency Newshound Calendar LINK

http://bit.ly/q2B9Dw

Iraqi Parliament plans to form a committee for constitutional amendments

Posted: August 30, 2011 in Iraqi Dinar/Politics
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30/08/2011 11:05

Baghdad, August 30 / August (Rn) – The Iraqi Council of Representatives, Tuesday, for his determination after the Eid holiday to form a committee of the constitutional amendments, and expected that the Committee draws the big new challenges because of the complexity of the subject.

Opposed to senior politicians, some of the provisions of the constitution, the most prominent Iraqi Prime Minister Nuri al-Maliki, who called in 2009 the need for amendments to the Constitution guarantees the existence of the Government of the “centrality” strong in the country, with renewed last week as some of the provisions of the constitution material “explosive”, which should speed up the process of modification .

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