Archive for August 9, 2011

08/09/2011 0:00

The Director General of the Department monitor the performance and protection of the spokesman of the Ministry of Human Rights the full Amin said the ministry has files that need to support more files are mass graves and missing persons. Also found was the remains of the Iraqis in Kuwait and the committees meet quarterly meetings and sub-file is still open.

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Deputy Governor of the Central Bank’s (morning):  Decline in revenues of Iraq’s financial crisis highlighted the risks of continued U.S.

Experts played down the economy the risk of crisis Alaalmihalta began rocking the U.S. economy and what can be reflected on the economic reality of Iraq, is that economists have called for the importance that the government undertakes the responsibility to find other outlets to diversify income sources and not rely heavily on oil imports, while the total when world oil prices around $ 88 after contact with price limits of the 110 before the crisis, U.S. officials have warned in the economic aspect of that that decline may serve to create confusion in Iraq’s budget for the coming years, critics at the same time to calculate the price of a barrel of oil in the General Budget for the year 2011, which amounted to $ 85 ..

Has noted economist and Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh during his (morning) that the issue of reducing the credit rating of the United States can cause Banhaddarat significant economic for many countries, especially those that rely mainly on the sale of oil to support the budgets of Finance, referring to the The risk of declining world oil prices may continue in the major markets during the coming period, which means financial losses of the largest exporting countries, the price per barrel after reaching nearly $ 85 in close before the crisis to the borders of the $ 110 ..

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Expressed the Trade Bank of Iraq and his willingness to support the financing of any project integrated to the private sector is based on a sound basis in terms of rules and conditions that apply for the available investment process in Iraq in exchange for the possession of the private sector guarantees to cover the funding.

Announced in an exclusive interview for “economic morning,” Director General of Trade Bank of Iraq Hamdiya Mahmoud Faraj dry, said a review of investment projects implemented by private sector funding from the bank, the Bank has funded a project to build the American University in Sulaimaniya, where lent the private sector $ 20 million and for a long time and in stages where the first phase loan was $ 5 million.

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Raising the Iraqi Council of Representatives, Tuesday, its 17-to-day Wednesday, while the parliamentary source that the meeting witnessed a vote on the Law on the Protection Asahfayen and read the report of the investigative on the reality of telecommunications service in Iraq.

The source said in an interview for “Alsumaria News” , “The House of Representatives Speaker Osama Najafi adjourn the meeting regular seventh session of the legislative year the second, which was held today under his chairmanship and the presence of 239 deputies to the day Wednesday,” noting that “The session saw the vote on the law to protect journalists and read the report of the investigative on the reality of telecommunications service in Iraq. “

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Tuesday 9 August 2011

Confirmed member of the Iraqi decent slaves that the list does not object to the Iraqi Khalid Al-Obeidi, if chosen by Prime Minister Kwizera of defense.

The slaves told news public opinion (and babysit) on Tuesday: “If the Prime Minister to choose Khalid al-Obeidi Kwizera to defend and there was a political consensus by the other political blocs by the Iraqi does not object to that.” Referring to Khalid al-Obeidi was one of the candidates who Tranhm the Iraqi List, in the previous period. “

She slaves: “that left the security ministries vacant for a long period of time leads to a security violations frequently claim the lives of dozens of innocent people.” Indicating that the completion of the vote on the candidates of the security ministries will represent a quantum leap forward, contribute to solving one of the points of difference.

http://bit.ly/pWzfZp

Gulf Daily News - The voice of Bahrain

BAGHDAD: Iraq plans to redenominate its dinar currency by knocking three zeros off the nominal value of bank notes to simplify financial transactions, a senior central bank official said yesterday.

Central Bank deputy governor Mudher Kasim said he expected the new currency to be used in the market in three years and it would have no impact on inflation.

“This will facilitate the payments system … instead of carrying a lot of money, we will carry less. This is an important reform,” Kasim said.
http://bit.ly/nzRaC4

The latest daily currency auction was held in the Central Bank of Iraq on the 9-AUG-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$) 135,525,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 135,525,000
Total offers for selling (US$) —–

2 Articles

Tuesday 9 August 2011
National Council bill up to the parliament and postpone Nujaifi to read next Thursday

The head of the Legal Committee of Parliament for the arrival of a bill of the National Council for the strategic policy to the House of Representatives from the Presidency of the Republic.

Committee Chairman and member of the Kurdistan Alliance Shwani Khaled: “the project of the National Council for the strategic policy arrived in the House of Representatives from the Presidency of the Republic, noting that the Presidency of the Council of Representatives decided to include it in the agenda for the meeting next Thursday.

He added: “The legal committee in the House of Representatives will hold a special meeting to study the draft law.”

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Maliki’s coalition reveals the names of candidates approved security and rising shares of other

Said a coalition of state law, led by Nuri al-Maliki, on Tuesday, that Tawfiq al is the candidate of the National Alliance, the most prominent to take over the portfolio of the Interior, With confirmed the existence of two names of candidates from the Iraqi defense enjoy the acceptance of the blocks, pointed out that the coalition of the center joining the Iraqi may further the nomination Saadoun Dulaimi, the defense portfolio.

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Iraqi Parliament, Parlamani IraqBaghdad, August 9 / August (Rn) – The decision of the Iraqi parliament on Tuesday, the Council will discuss the six paragraphs in his agenda, noting at the same time that the Council did not receive the bill until now the Policy Council of the Presidency.

The head of the Office of the Presidency of the Republic, said Naseer al-Ani’s (Rn), two days before that the draft Law on the Council policy will be sent to the House of Representatives within 48 hours after the completion of discussion by the stakeholders.

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Aug. 8 (Bloomberg) — The pound is “slowly” becoming an alternative haven currency amid concern that the Bank of Japan and Swiss National Bank will sell their nations’ currencies to weaken them, according to Standard Bank Group Ltd.

Investors fleeing the euro and dollar may buy sterling, Steve Barrow, London-based head of research for Group-of-10 currencies, wrote in an e-mailed report today, citing the U.K.’s “swift” deficit reduction measures and low risk of a credit- rating downgrade.
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Tripartite Commission called a meeting of a new Iraqi leaders

Posted 09/08/2011 09:00 AM

BAGHDAD (Alaa al-Tai), the Commission did not succeed Triple resolve political differences to find a consensus on the Law of the National Council The strategic policies of the Supreme .

A member of the Tripartite Committee, MP Hassan Sinead said in a statement the “morning”: that “the tripartite committee called for a meeting of leaders of blocs Political auspices of President Jalal Talabani, in order to adapt the law of the Policy Board Strategy with the Constitution. “

He said Sinead, “The committee held a meeting yesterday came out of it Vision stating that the law contains material contrary to the exclusive powers of the authority Executive and the lack of separation of powers of the three, as the intervention in the affairs of the judiciary .. And thus We are determined and are eager to be the law is not inconsistent with the Constitution, then we will be ready For a vote.

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On: Tuesday 08/09/2011 12:14

Baghdad (news) .. detect and Planning Minister Ali Shukri, the launch of two new ideas in the framework of the state budget for the year 2012.

Shukri said while attending the ministerial meeting of the coordination on the prioritization of the budget for the year 2012, that the idea include the first federal budget submitted by the Iraqi Ministry of Finance and dividing the sum of the various ministries and provinces.

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House of Representatives held its 17-Najafi and headed by the presence of 239 deputies

The Council of Representatives, Tuesday, its the 17 of the second legislative year, headed by Osama Najafi and the presence of 239 deputies, with a parliamentary source said that the meeting will vote on the draft law to protect journalists and to discuss the government program, the first and second readings of a number of laws.

The source said in an interview for “Alsumaria News”, “The Iraqi Council of Representatives held this morning, its standard 17-chaired by President of parliament, Osama Najafi and his two deputies and the presence of 239 deputies,” noting that “the meeting will vote on the draft law to protect journalists and to discuss the government program,” noting that “the meeting will see the first reading of a proposed amnesty law.”

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Passage of the Law, “Council senior policy” by a presidential decree on Tuesday and sent from the Presidential Office to the Parliament

Posted 09/08/2011 05:49 AM

A source in the Iraqi presidential decree issued Tuesday, the law relates to “Policy Board” high.

The source said that President Jalal Talabani instructed to send a bill to the Presidency of the parliament, at a time, parliamentary sources to discuss the possibility of the controversial law this week.

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U.S. debt turmoil may be “tilting” China toward letting the yuan move less in synch with the dollar, which would reduce central bank intervention and slow the growth of foreign reserves, according to Societe Generale SA.

The CHART OF THE DAY shows the People’s Bank of China yuan fixing rate and the U.S. Dollar Index, which tracks the greenback against a basket of currencies of the U.S.’s major trading partners. The relationship between the two “weakened” in the past several months as the debate in Washington about the debt ceiling heated up, said Yao Wei, an economist in Hong Kong at Societe Generale.

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http://www.bloomberg.com/news/2011-08-08/china-s-yuan-policy-probably-tilting-on-u-s-debt-woes-chart-of-the-day.html

On: Tuesday 08/09/2011 11:57

Baghdad (news) .. advised economic expert Ahmed Ibrihi Iraqi institutions audited financial sobriety for international companies before contracting with them.

The Ibrihi in a statement to the Agency (news) on Tuesday: “If the correlation of Iraqi institutions international companies and international banks must know how to deal with it and know what kind of dealings with the market guarantees they provide and audit Prusanthm Finance, pointing out that any defect affects those would affect the Iraqi economy “.

The expert pointed out that the economic “deal with international relations is a craft,” noting that when we want to open a bank must be made in that we have another bank called Bank of the guarantor or the installer. “

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Believed Goldman Sachs, the largest investment banks, that there is a 33% chance that the U.S. economy enters a recession during the next six months. Is based on Goldman Sachs and a lot of banks operating in the U.S. market on a number of reasons, and say that there are few options available to President Obama and the Fed (U.S. central bank) can do to save the economy from entering a recession in the second. Among the points that run the U.S. economy entering a recession .

First, the Fed reduced interest rates to nearly zero, and therefore has no option to cut rates less than its current level of 0.1 %.

Second: The Council implemented the processes of the Federal Reserve to stimulate the economy under the name «accessibility quantitative», under which pump more than three trillion dollars in the economy by buying distressed bonds .

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Meet today’s «Open Market Committee Federal», a subsidiary of «the Federal Reserve» (Central Bank) U.S., in anticipation of investors who are waiting for procedures relieve the world’s largest economy, after a series of setbacks suffered by it .

The task will be extremely difficult and accuracy for the U.S. central bank, as it demands to lift investor sentiment and the selection of contractors and formats acceptable to the refuseniks inflation .

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Aug. 8 (Bloomberg) — Malawi’s central bank devalued its currency by 10 percent after a cut in foreign aid worsened shortages of fuel and foreign currency.

The kwacha will sell for about 165 to the dollar, Reserve Bank of Malawi spokesman Ralph Tseka said today by phone from Lilongwe, the capital.

The International Monetary Fund has urged Malawi to “ease” its exchange rate, which was pegged at about 151 to the dollar, and to end subsidies on fuel. President Bingu Wa Mutharika, a former World Bank economist, said June 24 that Malawi wouldn’t devalue the kwacha without IMF support to cushion the southern African nation against price rises.

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http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/07/bloomberg1376-LPLVTU6S972N01-33FUG2IGMC5F41KURFGRTM26BN.DTL

Burma’s state-controlled media say the government has asked the International Monetary Fund to help it reform a complex foreign exchange system that has become a barrier to economic growth.

IMF officials confirmed to Reuters news agency this week that a team will travel to Burma in the second half of October to assist in the reforms. A spokeswoman said the team will help Burma to modernize the system and lift restrictions on the making of payments and transfers for international transactions.

Burma maintains an official exchange rate of 6 kyats to the U.S. dollar, compared to rates ranging around 800 to one on public markets. The country also has other rates for specific types of transactions.

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http://blogs.voanews.com/breaking-news/2011/08/09/burma-seeks-imf-help-to-modernize-currency-exchange-system/