House of Representatives raises its 33 to the fourth of next month
Raise the Iraqi Council of Representatives, on Monday, its 33-year legislative second to the fourth of next month, while the parliamentary source that the meeting witnessed the first and second readings of a number of draft laws, including the organization of the provisions of the nomination for President of the Republic, a deputy or more for it.
Baghdad (NINA) MP from Ahrar bloc, Abdul Hussein Risan, said that changing currency at the time being is filled with problems which the MP did not explain.
In a statement issued by the Media Commission of Al Sadr Trend today, the MP said the reasons which the Central Bank presented to change currency were unconvincing comparing them with the damages that may face such procedure during the present time.
The United States Depart of Defense has found a nifty way of cutting costs in planning for the withdrawal of troops from Iraq. Rather than ship home millions of pieces of equipment from Americans bases abroad, the military is simply giving them away.
Nearly two-and-a-half million pieces of equipment, estimated at a cost of $250 million, have so far been given to the Iraqi government by the US military in the last year alone, reports The Huffington Post.
Years of conflict have left Iraq’s oil infrastructure crippled. However, as Iraq’s approved $37 billion (Dh135.9 billion) programme to upgrade the country’s infrastructure and security requirements starts rolling out, Iraq will become one of the biggest investment opportunities for companies in the energy sector.
Iraq sits on the third largest oil reserves in the world and pumps 2.75 million barrels per day (bpd) of crude. This figure is projected to reach 7 million bpd by 2017. However, because of its damaged infrastructure and security concerns, foreign companies find it difficult to set up shop and invest in the country.
2011-09-26 10:45
Neighbourhood: He adviser to the CBI the appearance of Mohammed Saleh, said that figures quoted by the «Board of Supreme Audit» in the Ministry of Finance and Central Bank of Iraq in the file of Iraq’s debt is «tentative signs» by negotiation, and added that these figures are subject to change and, therefore, that negotiate the debt with the creditor countries would facilitate access to the final figures, after being around the settlement of all belongings, including interest rates.
D. The appearance of Mohammed Saleh *
In light of economic conditions and volatile financial pressure and monetary inflation that has befallen our country before, and led to negative effects on the regularity of the commercial market and the labor markets and production and living standards of citizens, it has generated distortions many structures, economic relations, among which was the Activity block cash many zeros of little value and way that is not commensurate with the future developments in the present and the future of the Iraqi economy, which requires a solution to these conditions and offal, and these solutions management system reform of the currency during the restructuring and the deletion of zeros to control the flow and management of the cost of the monetary mass to represent
warned a number of financial experts and economists from the rigging of the Iraqi currency and financial corruption during the process of deleting the zeros of them, excluded that accompanied the process of money laundering.
they said in conversations with the Agency (news): that some State is trying to tamper with Iraqi currency and the impact on the Iraqi economy.
and considered a member of the Finance Committee representative and the representative of the National Alliance / Abdul Hussein al-Yasiri, the process of removing the zeros have a negative side and the last positive, as it will increase corruption, financial and currency counterfeiting, and the second side it will reduce the mass and cash suffered by traders from the big numbers. “
2011-09-26 10:14
Neighborhood, said Iraqi Finance Minister Rafie al-Issawi that Iraq has achieved a growth rate significantly in the current fiscal year 2011
He said al-Issawi in a statement to Radio “Sawa” the U.S. on Sunday evening, from Washington while attending the meetings of the World Bank and the IMF: “the rate of growth reached five per cent, warning that the rate of inflation which he said had caused pressure on the Iraqi citizen.”
The Minister of Finance of Iraq, that the budget deficit reached 17 per cent of
warned member of the Finance Committee and parliamentary deputy / coalition in Iraq / Ahmed Al electrodes, of the government’s borrowing from the Central Bank reserves to pay the budget deficit (2012) because it is a cover of the Iraqi currency existing, likely that the balance (2012) will reach more of (112) trillion dinars.
The latest daily currency auction was held in the Central Bank of Iraq on the 26-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$) | 180,573,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 180,573,000 |
| Total offers for selling (US$) | —– |
Description of the Deputy for a coalition of state law related to the national and Kurdish alliances Balstratejah “likely” to pass the bill unanimously oil and gas.
The MP said Hassan Sinead, told all of Iraq [where] that “the alliance relationship with the National Alliance of Kurdistan and the Kurds in general is the strategic alliance will fall apart as some people are betting that the understandings between them is the sacrifice and blood, not understandings, benefits and gains.”
Proceed to the Legal Committee in the Iraqi parliament today, the first reading of a draft law regulating the provisions of the nomination for President of the Republic and the provisions of a deputy or more for it. The head of the MP for the Kurdistan coalition forces Khaled Shwani in a statement singled out by the (morning) that this law is in the previous session of the Council of House of Representatives, a look at the mechanisms and procedures for selection of the President of the Republic, believing it to be of important laws and set forth in the Constitution.
Parliament held its meeting under the chairmanship of the 33-Najafi and the presence of 205 deputies
The Council of Representatives, on Monday, its 33-year legislative second, headed by Speaker Osama Najafi and the presence of 205 deputies, while the parliamentary source they will see the first and second readings of a number of laws and regulation of terms nomination for President of the Republic, a deputy or more for it.
A parliamentary source said in an interview for “Alsumaria News”, “the House of Representatives held today, its 33-year second legislative headed by President of the Council Osama Najafi and the presence of 205 deputies,” noting that it “will see the first reading of the law of the first amendment to the law of political prisoners, No. 4 of 2006, and amend the law to compensate those affected by military operations and errors military and terrorist operations No. 20 of 2009. “
2011-09-25 13:11
Central Bank of Iraq announced Saturday that in 2013 will delete the zeros and the currency exchange, pointing out that the current currency formed a cluster of large cash estimated at 30 trillion dinars.
The deputy governor of the Bank the appearance of Mohammed Saleh said in an interview “of the Sumerian News”, the central bank’s strategy of deleting three zeros and the currency exchange will be at the beginning of a new year and new budget for the Iraqi state, and expected to be the currency exchange in the new fiscal year for the year 2013.
