Archive for September 9, 2011

Maliki: Wealth belongs to the people; Outstanding issues with Kuwait on the table and open the files of corruption continues

Posted: September 9, 2011 in Iraqi Dinar/Politics
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10/09/2011

Prime Minister Nuri al-Maliki, “we are keen to keep in the Constitution that the wealth belongs to the Iraqi people, as a basis for building a unified state,” he said in an interview with one of the satellite and the dissemination of its excerpts, “he past to open a lot of corruption cases and submitted to the courts for the purpose of cropping of the corrupt and manipulators “and said:” All outstanding issues with Kuwait are on the table, including the port of Mubarak and the demarcation of borders and the common farmer. “

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Protests in Iraq over border demarcation, port issues

Posted: September 9, 2011 in Iraqi Dinar/Politics
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KUWAIT: Three demonstrations took place in Baghdad yesterday, with one group of protesters demanding the nullification of the UN resolution related to the demarcation of the Kuwait-Iraq border. At a second protest, the demonstrators demanded the speeding up of construction work on Al-Fao Port. The latter call was made in response to concerns over Kuwait’s construction of Mubarak Al-Kabeer Port on Boubyan Island.

Those attending another demonstration in the Iraqi capital protested against a visit to Saudi Arabia by Iraqi parliamentary speaker Osama Al-Nujaifi and Vice President Tariq Al-Hashemi, with the Iraqi army eventually intervening in this case to disperse the protesters.

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WSJ: G7 Meeting Sets Stage For Widening Currency Woes

Posted: September 9, 2011 in Iraqi Dinar/Politics
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NEW YORK (Dow Jones)–It’s appropriate the Group of Seven is meeting in France. It should make it easier for some G-7 officials to partake of some cheese with their whine.

Europe’s debt crisis is roiling markets worldwide, prompting traders to jettison the euro. The squall buffeting the global economy has sent investors in desperate search for safe harbors. The dollar’s no longer the automatic destination for worriers, thanks to a weak U.S. economy and ultra-accomodative monetary policy.

The ensuing hunt for the next best refuge is making the G-7 meeting in Marseille an uncomfortable affair. Canada and Norway are both faulting Switzerland’s dramatic move to bring the franc, the safe haven of choice until the Swiss National Bank imposed a ceiling on Tuesday, to heel.

In an audacious bout of the pot calling the kettle black, Japan is demanding South Korea stop deliberately weakening the won–mere weeks after the Bank of Japan intervened to undercut the yen’s record strength.

Read More:  http://online.wsj.com/article/BT-CO-20110909-713009.html

 

Energy parliamentary decide to work differentiation between the draft law and draft law of oil and gas

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Tank and fuel oil depot in Al KutBaghdad, September 9 / Spettmar (Rn) – The Commission on oil and energy parliamentary Friday it decided to start a system trade-off between the draft oil law that was referred at the beginning of July last and the draft law of oil and gas made by the Iraqi government last month for approval in the House.

A member of the Furat al-Shara told the Kurdish news agency (Rn) that “the Energy Commission representative decided to work the system trade-off legal and technical between the draft law of oil and gas made and rejected because of the conviction of some of the political blocs and between the draft law of oil and gas made by the Iraqi government at the end of last August.” .

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Debate over ‘Dropping of the Zeros’ bill begins in Iraqi House of Representatives; Raises fears of Parliamentarians

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Inflation block the Iraqi currency

Deletion of zeros from Iraqi dinar raises fears of Parliamentarians

Inflation block the Iraqi currency
09.09.2011
Samira Ali Mandi - www.iraqhurr.org

With the arrival of a bill deleting zeros from Iraqi dinar to the Iraqi Council of Representatives, began the debate in parliamentary circles about the feasibility of adoption of this project at the moment, and raised questions about the assurances of the Central Bank about the economic benefits of the move.

The Rapporteur of the Committee of Finance in the Iraqi Council of Representatives Rep. Najiba Najib, said that the Finance Committee discussed with the governor of the central bank and general managers in the bank bill deleting zeros from the dinar and asked to prepare a study on the reasons for its adoption and its advantages on the Iraqi economy, and drew Najiba to the fears of the high proportion of inflation.

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Iraq disclose its final position from the port of Mubarak next Tuesday

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Baghdad, September 9 / Spettmar (Rn) – An adviser to the Iraqi government in Baghdad Friday that will air its final position from the port of Kuwait’s Mubarak on Tuesday.

And escalated tensions between Iraq and Kuwait on the back of construction of the port and went to the extent the exchange of military threats and the language of war.

Iraq has threatened earlier to resort to the United Nations in case of discovered the existence of economic damage may be caused by shipping and the port of Kuwait.

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Mandate of the Prime Minister once again ignite the debate in Iraq

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Baghdad, September 9 / September (Rn) – A new positions recently issued by the Prime Minister Nuri al-Maliki on the security ministries and endeavors to make the independent bodies under its authority a lot of fear of political leaders from the possible return of a new dictatorship.

Maliki rejected a nine candidates presented by the coalition in Iraq to fill the position of the Ministry of Defence, which is said by Iyad Allawi, head of the list it’s a kind of dictatorship.

Kurds accuse al-Maliki of Iraq and a coalition of exclusivity in the power of taking decisions and actions without consulting the rest of the blocks.

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IMF Advises Vietnam Against Cutting Interest Rates ‘Prematurely’

Posted: September 9, 2011 in Asian Currency Markets
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VietFinanceNews.com – Vietnam should avoid reducing interest rates too soon as that may weaken its currency and raise questions about the government’s commitment to fighting inflation, the International Monetary Fund said.

“It is important that monetary policy not be eased prematurely, because the recent improved sentiment towards the dong remains relatively fragile,” Benedict Bingham, the IMF’s senior resident representative in Vietnam, said in an e-mail today. His comments are a summary of remarks he made at a Sept. 6 meeting in Hanoi attended by officials including Prime Minister Nguyen Tan Dung.

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Vietnam central bank to boost money supply, credit

Posted: September 9, 2011 in Iraqi Dinar/Politics
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VietFinanceNews.com – Vietnam’s central bank will likely pump 300 trillion dong ($14.4 billion) into the economy from now until the end of the year and allow commercial banks to lend around 238 trillion dong, according to a state-run newspaper on Thursday that quoted the central bank.

The figures point towards an increased money supply and credit, but the newspaper Thanh Nien said neither would exceed the official targets of 15-16 percent and 20 percent respectively.

State Bank of Vietnam governor Nguyen Van Binh told bankers at a meeting on Wednesday that he expected annual credit growth to come in at 15-18 percent this year, the newspaper reported.

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IMF: “The Challenges for the Global Economy”

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Christine Lagarde

Opening Remarks at the Royal Institute for International Affairs 

By Christine Lagarde
Managing Director, International Monetary Fund
London, September 9, 2011

Good morning. It’s a pleasure to be here with you today, at this beautiful and historic venue. About six weeks ago, I spoke at a similar early morning event in New York, at the Council on Foreign Relations. These two sister organizations—founded in the wake of the Great War—have a common goal of fostering the ideas and dialogue needed to build a prosperous and secure world for all. Given the precarious state of the global economy, such dialogue is clearly essential. I wish to thank Chatham House for organizing this event, and thank my friend, Chancellor Osborne, for inviting me to speak. I look forward to hearing his views, as well as those of the eminent economists joining us at this roundtable.

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Video: Iraq Currency Revaluation – A CCTV Follow Up

Posted: September 9, 2011 in Iraqi Dinar/Politics
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AP: US says 11 currency traders operating illegally

Posted: September 9, 2011 in Iraqi Dinar/Politics
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WASHINGTON (AP) — Federal regulators are suing 11 firms they say broke the law by selling foreign-currency contracts to the public without being registered with a government agency.

The lawsuits announced Thursday were the second “sweep” by the Commodity Futures Trading Commission under regulations that took effect last October as mandated by the financial overhaul law. The commission is seeking to stop the firms from operating unless they register with it, and it wants civil fines and restitution.

Seven of the 11 firms are incorporated outside the U.S. The CFTC’s first such action targeted 14 firms in January.

Read more:  Link

Iraq seeks to challenge the demarcation of the border with Kuwait

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Map of Iraq, where Yahya ibn Umar conducted hi...

Iraq-Kuwait

08/09/2011 22:55

Baghdad / Orr News
Announced that the Iraqi List led by Iyad Allawi, they began a campaign to collect signatures of the members of the Iraqi parliament, “parliament” to demand the government approached the United Nations to appeal the decision of the UN Security Council “833″ on the demarcation of the border between Iraq and Kuwait.

A member of the list Nahida Daini said, “we collected over 100 signatures so far from various political blocs to force the Iraqi government to challenge the decision of the 833 on the demarcation of the border between Iraq and Kuwait.” She explained that “the collection of signatures will continue until tomorrow and will be delivered the request and signatures of deputies to the Presidency of the Council of Parliament.”

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Editorial: Iraq and its debt

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Bad debt

Iraq remains bound in a bundle of international resolutions and the schemas border coercive and debt as a result of policies reckless regime of Saddam regime and his wars senseless loss-making, and if the Iraqi government has succeeded in extinguishing a lot of debt Europe through the Paris Club.

Some neighboring countries are still pressing for more extortion, taking advantage of circumstances the current exceptional, some neighboring countries affected by the policy of the former regime and aggressiveness stands at the opposite of the political process instead of support, and reflect the positions of the higher interests of the country.

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Iraq seeks to raise its oil production to 2.9 million barrels per day this year

Posted: September 9, 2011 in Iraqi Dinar/Politics
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09/09/2011 13:23

Baghdad, September 9 / September (Rn) – The Energy Commission in the Iraqi Council of Ministers on Friday, will leave them a plan to raise oil production to 2.9 million barrels per day from about 2.4 million barrels per day currently before the end of this year.

The spokesman said the media on behalf of the Faisal Abdullah, told the Kurdish news agency (Rn) that “Iraq is planning to raise oil production to 2.0009 million barrels per day in 2011.”

He pointed out that “Iraq currently produces about 2.34 million barrels per day, and was produced in 2006 about 1.955 million barrels a day.”

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Awadi, a plan calling for a central strategy rearranges the Securities service projects, economic

Posted: September 9, 2011 in Iraqi Dinar/Politics
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On: Friday 09/09/2011 13:29

Baghdad (news) .. The member services committee and Construction parliamentary deputy / National Alliance / Ihsan Al-Awadi to the need to find or create a central plan strategy rearranges the Securities service projects and economic development, stressing the need to find Astharian with different specialties to prepare studies and strategic plans for the development of the service sector in Iraq.

He said al-Awadi, a reporter for the Agency (news) Friday: It is essential that there be Astharian the functions of different preparation and elaboration of studies and strategic plans, great for the purpose of providing services to the citizen.

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Parliamentary Energy announces the arrival of contracts for oil and gas from the Oil Ministry to Parliament

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Thursday 8 September 2011

A member of the Commission on oil and energy and natural resources in the House of Representatives Bayazid Hassan, on the arrival of contracts for oil and gas investment and the Oil Ministry to the House of Representatives.

He said that decades of oil and gas investment licensing rounds first, second and third and everything related to it, reached by the ministry of oil to the oil and energy in order to see them.

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Two sources: Barzani will meet next week with the deputies and the ministers of the Kurds in the federal government

Posted: September 9, 2011 in Iraqi Dinar/Politics
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masud barzaniErbil, September 9 / September (Rn) – The two sources Mtalaaan on Friday that the Kurdish regional President Massoud Barzani intended to hold a meeting with the deputies and the ministers of the Kurds in the federal government in Arbil next Monday to discuss the current political situation in Iraq and outstanding issues between Baghdad and Erbil.

The Minister of Displacement and Migration Iraqi Dindar Dosky to Kurdistan News Agency (Rn), that “regional president Massoud Barzani will meet with the deputies and the ministers of the Kurds in the federal government in Arbil Monday next,” adding that “the meeting will discuss developments in the political arena and the current situation in Iraq, in addition to the outstanding problems between Baghdad and Erbil. “

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Economic Committee: the success of the Economic Affairs Council depends on cooperation with the Centers for Global Studies

Posted: September 9, 2011 in Iraqi Dinar/Politics
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On: Friday 9/9/2011 8:52

Baghdad (news) .. A member of the Committee of Economy and Investment and parliamentary deputy for the National Alliance Abdul Hussein Abtan The success of the Supreme Council for Economic Affairs depends on the Maydmh of professionals who are known capable of creating a vision and a clear coordination and cooperation with the Centers for Global Studies competent in the economic field.

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Parliamentary Legal Committee: There is a material violation of the Constitution the law of the Policy Board

Posted: September 9, 2011 in Iraqi Dinar/Politics
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09/09/2011 11:59

Baghdad, September 9 / September (Rn) – The Legal Committee in the Iraqi Council of Representatives on Friday, that there is material in the draft Law on the Council policies assigned by the President of the Republic contrary to the Constitution, explaining that she will be held next Sunday meeting “important” to resolve legal disputes about the project.

And for the Iraqi Council of Representatives yesterday the second reading of the draft law of the National Council for strategic policy to the next Monday because of the unresolved points of contention about the law within the legal committee.

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Demonstrations sweep Iraq’s cities

Posted: September 9, 2011 in Iraqi Dinar/Politics
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Baghdad / Basra / Najaf / Babylon 9 September / October (Rn) – swept through a number of Iraqi cities on Friday, demonstrations called for by activists and civil society organizations through social networking sites on the Internet calling for the provision of services and reforms in the country, as some called for a legislative election early.

The demonstrators came out in the capital, Baghdad, Basra, Najaf, Babylon and other cities, denouncing the poor public services provided to citizens.

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