04.08.2011
The oil wealth and progress of the proceeds of abundant, secure the cover of the national currency with the Iraqi dinar has become one of the strongest currencies in the Middle East.
The central bank has the distribution of foreign exchange reserves in a basket of currencies like the dollar and the pound sterling and the Japanese yen as well as its reserve of gold so that the cover of the Iraqi dinar remains strong, regardless of fluctuations in the currency market.
August 4 2011
Iraq’s public debt loans are becoming increasingly popular among hedge fund managers and wealth fund managers as the country’s economic outlook and political landscape improves, Exotix said yesterday.
The Paris Club agreement was set up in 2004 to restructure Iraq’s pre-Saddam era public debt of US$37 billion, of which creditors agreed to cancel 80 per cent, while the remaining $7.4 bn was rescheduled into a series of loans denominated in several currencies.
“Some of the loans which were held by governments around the world have been sold at their market price to secondary markets,” said Gabriel Stern, a senior economist at Exotix, the investment bank based in London. “The investors are ones who can afford to be in an illiquid instrument, which trade every couple of weeks,” he said. Mr Stern has a “buy” rating on the loans.
On: Wednesday 03/08/2011 18:49
Adnan Salman,
despite the prevailing society Iraqi instability in all parts of political, economic, social, and despite what will happen to him and hurt him severely inflation and inflammation of the prices and the continued rise of the line of his ruthless and accompanying complaint and Tazava citizens, and despite also stop the wheel of industry almost completely Baktaiha public and private sectors and decline of agriculture and lack of services tragic and widespread underemployment coupled with the secretions of the occupier, terrorism, and successors from the complete destruction of people’s money, require a claim the United States and allied compensation -
Deputy for the middle: new names will be put to the security ministries in the next two weeks
Thursday, 04 August / August 2011 13:58
The MP said the coalition of the center Mohammad Iqbal said: “will be through Alosbuaaan next launch new names of the security ministries vacant,” adding that “this matter must be resolved during a specified period and if not received during this period will meet Prime Minister Nuri al-Maliki, leaders of political blocs.
Iqbal said in a statement to all of Iraq [where] on Thursday said: “The security ministries have been agreed upon during the next two weeks will be to submit names permanently by the National Alliance for the Ministry of the Interior and the Iraqi ministry of defense, noting that” the Prime Minister will choose from among these names characters that it finds appropriate. “
He added that “al-Maliki spoke on condition that these figures and the appropriate standards and controls certain of what the subject of de-Baathification.
The demand that “reach the leaders of political blocs to the issue of Council strategic policies will push the president Jalal Talabani to submit a draft Council policy to the House next week for approval,” adding that “there have been many disagreements on the issue of the presidency of the policy strategy is voted on within the House or not? “.
N The “National Alliance and Prime Minister forward an objection to this subject as not recorded or was not part of the Convention on Arbil.”
And the demand that “the Iraqi List, clung to the subject on the grounds that this position is important, and there is also important to vote in the House of Representatives will discuss during the phase of the legislation, pointing out that” could vote in the House of Representatives. “
This has held the political blocs Tuesday night meeting at the headquarters of President Jalal Talabani agreed a number of outstanding issues and the implementation of the terms of Erbil, which include the agreement to send a draft law on the National Council of the Supreme policies by President Talabani to the House of Representatives within three days.
The political blocs have agreed last November under the initiative of a number of points, including the commitment to the Constitution, and to achieve both harmony and balance, and end the work of the accountability and justice, and activation of national reconciliation and the formation of a government of national partnership.
The agreement within the Initiative Barzani, which resulted in the formation of the government, given the position of prime minister of the National Alliance and the formation of a new council called the “National Council for the strategic policy” shall be vested in his list of Iraq, specifically hands Allawi, who decided earlier abandonment of office
Alfalh: Council strategic policies will remain a consultant, even if passed by the House of Representatives
Thursday, 04 August / August 2011 13:34
Deputy from the coalition of state law that “the National Council for the strategic policy will be a consultant and senior executive is not according to the recent agreement between the political blocs, even if was passed by the House of Representatives.”
He said MP Ali Alfalh told all of Iraq [where] on Thursday that “the National Council for the strategic policy of the Supreme agreed upon in the paper Erbil will remain an advisory board and not executive, and this is what was agreed upon at a meeting of political blocs, the last in the headquarters of the Republic.”
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Thursday, 04 August – August 2011 14:07
Said Iraqi government spokesman Ali al-Dabbagh said the Iraqi delegation to Kuwait for talks on the crisis in Mubarak will include senior advisers Government will be looking closely at the extent of the damage sustained by the Iraqi economy if completing the project in its current location and Dabbagh said the Iraqi government will take a firm stand if the match report of the technical delegation with initial reports that reached to the government
Which confirms that the environmental damage and economic will inflict in Iraq has said al-Dabbagh said the delegation will include representatives from the Ministries of Foreign Affairs and Transportation as the reports received by them were contradictory, and Ali al-Dabbagh said the delegation, headed by Senior Adviser to the government Thamer Ghadban was named the by the Prime Minister exclusively mentioned that a committee set up to look for damage to the port on the Iraqi economy
Talabani urges political forces to stop the escalation of the media for the success of the agreement
Arbil, August 4 / August (Rn) – urged the President of Iraq Jalal Talabani, the Iraqi political forces to stop the campaign of accusations and skepticism in the media and all that would disturb the agreement reached by the political blocs days before on the contentious issues and the U.S. presence.
In a statement to the Iraqis, received by the Kurdish news agency (Rn) a copy of it, on the outcome of the meeting of the leaders and heads of blocs, Talabani said that “our country has taken another step of the utmost importance in achieving national harmony expeditious through fraternal dialogue construction that took place between political leaders at the start of Ramadan blessed and the blessing of this holy month. “
Bombardier delivered a pair of CRJ900s into Iraqi Airways service in July, following an Iraqi payment of security equal to the value of the aircraft to Kuwait Airways. The Canadian manufacturer has now delivered six of the 10 CRJ900s originally ordered by Iraq and, according to a Bombardier spokesman, continues to work toward delivering the remaining four.
The Iraqi security payment to Kuwait Airways relates to Kuwait Airways’ efforts to obtain compensation from Iraqi Airways and the state of Iraq for the theft of its fleet and spare parts during Saddam Hussein’s 1990 invasion of Kuwait. Kuwait Airways now holds judgments–won in a British court–totaling more than $1.2 billion against Iraqi Airways and $80 million against the state of Iraq, stemming from a finding that the country had financed Iraqi Airways and controlled the litigation from the start. It therefore carries responsibility for financing the costs of the claimant, explained the lead attorney representing Kuwait Airways, Christopher Gooding of the international law firm Fasken Martineau.
Read More: Iraqi Airways Gets Two More CRJ900s: AINonline.
BEIJING, Aug 3 (Reuters) – The yuan may only account for 3 to 5 percent of global reserve currencies a decade from now, an advisor to China’s central bank said on Wednesday, in remarks that underscored the global importance of the dollar as an investment.
Writing at a time of global concerns over U.S. economic health, Xia Bin, an academic member on the monetary policy committee of the People’s Bank of China, said the dollar would remain an important reserve currency for a long time yet.
“The dollar will serve as the most important world reserve currency for a quite long time in the future,” Xia said in an article published in the China Finance magazine.
Confidence in the dollar and the U.S. economy has taken a beating after the United States narrowly escaped a disastrous debt default this week, running the risk of losing its gold-plated credit rating.
Read More: http://mobile.reuters.com/article/idUSL3E7J327H20110803?irpc=932
SYDNEY (MarketWatch) — Hong Kong has no plans to de-peg its currency from the U.S. dollar, the city’s finance minister said, but strategists believe the current pairing is outdated and decoupling is only a matter of time.
The depreciation of the U.S. unit is one factor contributing to mounting support to adjust the Hong Kong dollar’s 28-year currency peg. The city is battling high inflation on the back of the dwindling greenback.
But despite the heat, lawmakers have ruled out a shift away from the dollar for now.
Iraqi Central Bank has decided to begin the process of restructuring and the development of the local currency coins in cooperation with international organizations and economists of the world.
The deputy governor of the Central Bank of the appearance of Mohammed’s “Baghdad Post” that “the central bank agreed with the Government to Almaasat financial restructuring of the currency, organization and development of coins.”
He added that “the central bank decided to introduce the metal in the next three months, which will be the class of 1000 dinars and 500 dinars.”
The practice of using the U.S. dollar as the world’s reserve currency has become well entrenched in the minds of global investors. In fact, the system has become so habitual that many now believe there is no alternative to owning U.S. debt and dollars, simply because they are about as common as dirt.
The reasoning for this is since the market for Treasuries and greenbacks is so large; there is no other parking place for that money, which makes a mass exodus from U.S. debt holdings virtually impossible. Therefore, investors can’t sell and values can never go down in a significant manner. Such sophomoric reasoning is akin to saying IBM stock can never fall precipitously unless most owners decided to sell their shares.
BAGHDAD (Alsumaria News) revealed the U.S. military, for his quest to create a security system that Iraq’s sophisticated air to repulse any external threats facing this country, as pointed to the need for the approval of the Iraqi government to achieve this system, since its creation and training needs for a long time.
A military spokesman in Iraq Jeffrey Buchanan in an interview for “Alsumaria News,” that his forces “working with Iraqi partners to develop a security system air integrated,” noting that this system “requires the radar to identify and communications and ground-based missile-equipped and combat aircraft to defeat these external threats “.
Vice-Downtown: Meeting the blocks was positive and the differences will be resolved within two months
08/03/2011 19:21
BAGHDAD / Aswat al-Iraq: Deputy mass center, which recently joined the coalition in Iraq, Wednesday, the meeting of heads of the blocks yesterday was positive, indicating that the Iraqi state law and agreed to resolve their differences within two months.
The MP Khalid al-Alwani told (Voices of Iraq) that “Meet the leaders of the blocs was positive was the formation of a committee to consider the political balance in state institutions,” noting that the committee is made up of “Deputy Prime Minister.”
03/08/2011 18:57
The transfer of the U.S. Ambassador in Baghdad, Jeffrey James a letter from the U.S. House of Representatives to the President of Iraqi Council of Representatives Osama Najafi on twinning and partnership between the U.S. House of Representatives and the Iraqi.
A media source in the information department of the Council of Representatives must Najafi received Wednesday in his office the Ambassador of the United States of America. During the meeting discussing the many important topics concerning the situation in Iraq and the region and the fate of U.S. troops in Iraq.
The latest daily currency auction was held in the Central Bank of Iraq on the 4-AUG-2011. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 18 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 188,650,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 188,650,000 |
| Total offers for selling (US$) | —– |
Announced a coalition of state law, Thursday, for the conditions imposed to vote on the bill of the National Council of the Supreme policies within the Council of Representatives, he did not mind the bill in general.
The leaders of political blocs agreed at their third meeting, held on the first Tuesday, the mechanism for the survival of U.S. force to train their Iraqi counterparts after the date of withdrawal, at the time of the reservation where the Sadrist movement on this mechanism, as was also agreed to resolve the candidates of the security ministries within two weeks, as well as submit a bill for the National Council of the policies of the Supreme Council of Representatives.
On: Tuesday 08/02/2011 13:23
Shabibi: The granting of independence to the Central Bank is of great significance because it is the umbrella of a protector of state funds
Baghdad (news) .. Called Central Bank Governor Sinan Shabibi bank independence because the umbrella of a protector of state funds.
Shabibi said to contact the Agency (news): “The granting of independence to the Central Bank is of great significance because it is the umbrella of a protector of state funds,”
Afterthought: “But the government has to understand that the Bank of isolated them, but rather we are working with the market and the government significantly.”
