Archive for September 21, 2011

World Coin News: Coins May Return to Iraq

Posted: September 21, 2011 in Iraqi Dinar/Politics
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An Iraqi currency reform or “redenomination” planned to be implemented within three years will hopefully result in the re-introduction of circulating coins.

Coins were initially introduced in modern Iraq during 1931 and 1932 when the country was an independent kingdom, and a second series was issued with the establishment of the Iraqi Republic. However, all coin production ceased in Iraq

The Coalition Provisional Authority that followed the overthrow of Saddam Hussein in 2003 authorized new coins and bank notes, but the coins proved to be unpopular and were quickly withdrawn. Bank notes printed by the security printing firm De La Rue are still in use today.

Read more: LINK

Iraq is heading for the establishment of industrial cities with international participation

Posted: September 21, 2011 in Iraqi Dinar/Politics
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Said the advisers in the Office of the Prime Minister, ministries and relevant bodies need to establish industrial cities in advanced and modern in Iraq to benefit from international experiences in this area and within the framework of the government program for the unity of the tasks of economic reform in the advancement of the private sector in Iraq.

A spokesman for the advisers Khalil Atwani in a statement the “morning” that it came during a workshop hosted by the Commission on the start of the implementation of the second phase of the establishment of industrial cities integrated in Iraq like the international experience and over three days in the presence of Minister of Planning and the Italian Ambassador in Baghdad, the United Nations Industrial Development Organization (UNIDO), and international partners as well as representatives of relevant ministries, the National Investment Commission, and a number of experts and advisers in the body.

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Outstanding issues with neighboring countries on the agenda of meetings Talabani

Posted: September 21, 2011 in Iraqi Dinar/Politics
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21/09/2011

The source of the “morning”: the United Nations will discuss relations, Iraq – Kuwait next week

Placed political sources said that President Jalal Talabani will discuss the outstanding issues and the Iranian and Turkish shelling of Iraqi territory during the Stgmah meetings with leaders and Heads of Government.

The source said in a telephone interview with the “morning”: that “President Talabani will meet on the sidelines of the meeting of the General Assembly of the United Nations its session of the 66 large number of leaders and Heads of Government, including officials in neighboring countries like President Mahmoud Ahmadinejad and Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Jaber Al-Sabah, and perhaps Abdullah Gul as well. “

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Citibank Press Release: Citi’s Worldlink Payment Services Stays Ahead of Curve for Exotic Currency Payment Capabilities (RBM, IQD)

Posted: September 21, 2011 in Iraqi Dinar/Politics
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PRESS RELEASE

Sept. 21, 2011, 9:00 a.m. EDT
Citi’s Worldlink(R) Payment Services Stays Ahead of the Curve for Exotic Currency Payment Capabilities

TORONTO & NEW YORK, Sep 21, 2011 (BUSINESS WIRE) — Citi today announced that its Global Transaction Services unit has continued to make enhancements to its WorldLink(R) Payment Services capabilities for making payments in exotic currencies, such as the Chinese Renminbi (RMB) and Iraqi Dinar (IQD).

In addition, WorldLink has developed its network to support current and future exotic currency offerings. These enhancements allow for significant reductions in settlement time, increased visibility of important transactional details and a reduction of volume capacity against exotic currencies.

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A parliamentary committee to prepare a draft declares new oil law provides the government with a proposal for discussion

Posted: September 21, 2011 in Iraqi Dinar/Politics
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A parliamentary committee to prepare a draft declares new oil law provides the government with a proposal for discussion

Announced that the House of Representatives Committee on Oil and Energy has prepared a proposed new law on oil and gas, which is the subject of great controversy between the Council of Ministers and the Kurds.

The Council decision Mohamed Khaldi said in a statement seen by news agency public opinion (and babysit) on Wednesday, “said the draft law submitted by the government and the other which Stnhia Committee would be submitted at once to the House of Representatives to discuss and then vote on a single formula agreed upon by everyone.”

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Albraism: important draft laws submitted by the government a priority of discussion and reading in parliament

Posted: September 21, 2011 in Iraqi Dinar/Politics
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Confirmed member of the National Alliance for the rule of law Jinan Brism that important draft laws submitted by the government have a priority in terms of the discussion and read in the House of Representatives.

Brism said in a statement to the news agency public opinion (and babysit) on Wednesday: “The reading of bills offered by the government shall have priority in terms of the debate in the House of Representatives and this applies to the draft of this law.”

Noting that this law has become a source of disagreement between the political blocs, especially in light of the existence of two versions of the draft law of oil and gas. “

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White House Press Release Sept 20, 2011: Advancing U.S. Interests at the United Nations

Posted: September 21, 2011 in Iraqi Dinar/Politics
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The White House

Office of the Press Secretary

For Immediate Release September 20, 2011
Fact Sheet: Advancing U.S. Interests at the United Nations

The Obama Administration has dramatically changed America’s course at the United Nations to advance our interests and values and help forge a more secure and prosperous world. We have repaired frayed relations with countries around the world. We have ended needless American isolation on a range of issues. And as a consequence, we have gotten strong cooperation on things that matter most to our national security interest.

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CBI efforts to drop zeros not effected by criticism

Posted: September 21, 2011 in Iraqi Dinar/Politics
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CBI: Delete the zeros based

Posted 21/09/2011 08:55 AM

BAGHDAD – Babinaoz: Central Bank of Iraq continued the project of deleting three zeros from the Currency against the backdrop of the criticism faced by the officials, adding that These criticisms do not affect the conduct of the monetary reform.

The deputy governor of Central Bank of the appearance of Mohammed Saleh, a reporter for the Agency (news) Tuesday: The project to delete the three zeroes from the currency was not affected by any existing Faced criticism, noting that a national project must be implemented, and continued: Much of the world has gone through this experience and successfully applied

And exceeded all the conflicts and the decline in economic reality to them. He said Mohammed Saleh: that the project will be studied in more depth and Etbiana and explained to the public and it is not a project simultaneously, “but long-term needs to long to apply,” likely that they will be applied more than a year from now.

http://bit.ly/mRcZFu

Experts and analysts fear inability of Iraq to protect his money

Posted: September 21, 2011 in Iraqi Dinar/Politics
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Baghdad, September 21 / Spettmar (Rn) – A number of experts and analysts, Wednesday fears of the inability of Iraq to protect his money because of the weakness of the work of the specialized government to protect the money.

The economist said the head of the center on the Iraqi market Ke Ji told the Kurdish Naba (Rn) that “the Committee to Protect Iraqi funds from trade creditors to the lack of transparency and clarity.”

He Ke Ji that “Washington would not renew its control over Iraqi funds after the end of the period specified in next June to address the lack of government debt.”

He pointed out that “protecting the American money that is supposed to Atstdm its procedures with the Paris Club agreement in the payment of government debt in the development of a mechanism to prevent the penetration of commercial creditors.”

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Iraqi Foreign Minister Sees Country on ‘Right Path”

Posted: September 21, 2011 in Iraqi Dinar/Politics
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Speaking to the Council on Foreign Relations in New York, Iraq’s foreign minister says his country is headed in the right direction.

Iraqi Foreign Minister Hoshyar Zebari spoke without notes to members of the private group. He described his country in upbeat terms, saying that although corruption and mismanagement remain endemic, the country is on the “right path” toward a stable democracy.

Read More with audio clip: http://www.voanews.com/english/news/middle-east/Iraqi-Foreign-Minister-Sees-Country-on-Right-Path-130260008.html

CBI Daily Currency Auction; Sept 21, 2011: $192.7 million

Posted: September 21, 2011 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 21-SEP-2011. The results were as follows:

DETAILS NOTES
Number of banks 23
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 192,740,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 192,740,000
Total offers for selling (US$) —–

State law: a draft oil and gas to the Council of Ministers will launch exclusively

Posted: September 21, 2011 in Iraqi Dinar/Politics
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Confirmed a coalition of state law, led by Prime Minister Nuri al-Maliki, Wednesday, that the draft law of oil and gas prepared by the Council of Ministers was set up according to the Constitution was submitted to the parliament to vote on it exclusively.

This comes one day after the sending of the Kurdistan Region President Massoud Barzani, a letter to Prime Minister Nuri al-Maliki’s commitment to a paper asking him to Kurdish demands, which included one of the points of the adoption of the draft law of oil and gas provided by the Commission on oil and energy and parliamentary legislation.

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Financial representative: $85 per day per Iraqi in 2012 budget

Posted: September 21, 2011 in Iraqi Dinar/Politics
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TUESDAY, SEPTEMBER 20 / SEPTEMBER 2011 14:02 HITS: 1124

Revealed the Finance Committee in the House of Representatives, Tuesday, for the per capita share of the Iraqi budget next year 2012, amounting to $ 85 a day, warning at the same time, “deprived” Iraqis of their rights because of what it called “financial mismanagement and corruption.” .

A member of the parliamentary Finance Committee Najiba Najib’s “Twilight News”, “Iraq’s per capita budget in 2012 will amount to $ 85 a day, after the Ministry of Finance estimated that next year’s budget of 112 billion dollars.”

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Talabani demands more U.S. investment in Iraq

Posted: September 21, 2011 in Iraqi Dinar/Politics
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20/09/2011 09:58
Erbil, Sep. 20 (AKnews) – Iraqi President Jalal Talabani wants the United States to urge American companies to invest in Iraq.

In a meeting with U.S. Ambassador James Jeffrey and the Commanding General of the U.S. Forces, Lloyd Austin, yesterday, President Talabani stressed the bilateral economic relations to serve the common interests of the people of Iraq and the United States.

The office of President Talabani issued a written statement about the meeting.

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Report: Iraq needs $12bn to resolve energy crisis

Posted: September 21, 2011 in Iraqi Dinar/Politics
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18/09/2011 16:34
Baghdad, Sep. 18 (AKnews) – Iraq would need to spend $12bn USD (14.1tr IQD) if it wants to produce enough electricity to meet the current needs.

This findings were made in a report, issued today by the International Energy Development Organization.

“The projects of the Electricity Ministry to build gas stations are expensive,” said Nidaa Fakher, an official from the Iraqi branch of the organization. “However, these measures are still not enough.”

According to Mr. Fakher, Iraq would need 17,000 MW instead of the current peak demand of 14,000 MW, if the industrial sector was activated

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