Raise Iraqi Council of Representatives, on Monday, its the 36 of the second legislative year to 20 Of November next, as a parliamentary source said that the meeting had to vote on a candidate Existing Iraqi Ministry of Electricity Karim Aftan, and postpone the vote on legal council The Supreme Judicial Federal Court, ending the first and second readings of a number of Laws.
Archive for October 10, 2011
Politicians, economists call for plan to reduce inflation; CBI: inflation will continue if current policy doesnt changePosted: October 10, 2011 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Deputy Governor, Economy of Iraq, Finance Ministry, Inflation, Iraq, Iraqi dinar
With price increases and disparity in salaries .. MPs and economists calling for an actual plan to reduce inflation
Expect MPs and economists high rates of inflation during the next term, in light of a number of economic data, demanding that there be programs and plans lead to the outcomes and objectives are based on a scientific basis to promote economic growth during the limited period of time, “Future of Iraq” held a meeting with a number of deputies and economic experts to find appropriate solutions.
Member of the former Economic MP Abdul Hadi al-Hassani explained in that the increase in the inflation rate for consecutive months due to increased prices of imported food from abroad, the fact that the country lacks a local production of food, indicating that the material prices are high as a result of the global economic crisis, as Abdel-Hadi growth during this period tends negative, given that Iraq is not a producer, as one of the largest importing countries in many of the things on the grounds that Iraq is subject to the controls of supply and international demand.
Tags: Arab, Arab World, Egypt, Foreign direct investment, Hosni Mubarak, Iraq, kuwait, Saudi Arabia
Decrease the flow of investments in Arab countries and rising in Iraq
A report published by Arab financial windstorm that the flow of foreign direct investments to the Arab states will fall by 17% this year and will decline more sharply in the countries of “Arab spring”.
The report confirmed the Arab Association for Investment and Export Credit, based in Kuwait that foreign direct investment in 21 Arab countries will fall to 55.1 billion dollars in 2011 from 66.2 billion dollars in 2010.
Tags: Central bank, Central Bank Iraq, Currency, Deputy Governor, Iraq, iraqi, Iraqi dinar, Revaluation, Saleh
Dinar is equal to the dollar
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh: that the bill included proposals for a new currency and the groups that carried and details of technical and economic.
Saleh pointed out during the permit media to switch the currency and the deletion of zeros decision taken by the executive branch and approved by the legislature, and that the project will not be implemented hastily, but will be taken among other factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators in the favor of the view that
This law, if approved, will have a positive impact on the Iraqi currency in several aspects of the need during the next phase, which will strengthen the value of the Iraqi currency.
Tags: Arbil, Democratic Patriotic Alliance of Kurdistan, Iraq, iraqi list, kurdistan, Maliki, National Alliance, Nouri al-Maliki
said an adviser to Prime Minister for the Kurdistan region of Adel Tawfik Berwari, that al-Maliki pledged to implement all the demands of the Kurdish blocs, including the Article (140), indicating that the risk remains that the Kurdistan Alliance had decided to withdraw from the central government in the absence of implementation of the agreements.
Berwari said in a statement (the Agency news) on Monday: that the delegation of Kurdistan, which met all the political parties stressed that the meetings were positive, especially with Prime Minister Nuri al-Maliki.
Tags: Arabic language, Central Bank Iraq, Currency, Germany, Iraq, Iraqi dinar, Russia, Turkey
Explain the details of the Central Bank of Iraq Iraq’s new currency which will be issued within three or four years to come, which will be in three languages, including Kurdish, including categories of mineral dinars.
The adviser said the Bank of the appearance of Mohammed Saleh in a statement to the site (Khandan): The idea of changing the Iraqi currency began to mature gradually, although referral to the Economic Committee in the Federal Council of Ministers since (2007), indicating that the existing currency will go through two stages; first: Delete the zeros. The second restructuring, and launch the new currency for trading in the markets during the three or four years.
Tags: Auction, Central bank, Central Bank Iraq, Dinar, exchange rate, Iraq, Iraqi dinar, Price
The latest daily currency auction was held in the Central Bank of Iraq on the 10-OCT-2011. The results were as follows:
|Number of banks||21|
|Auction price selling dinar / US$||1170|
|Auction price buying dinar / US$||—–|
|Amount sold at auction price (US$)||152,274,000|
|Amount purchased at Auction price (US$)||—–|
|Total offers for buying (US$)||152,274,000|
|Total offers for selling (US$)||—–|
Tags: Central bank, Currency, Economy of Iraq, exchange rate, Inflation, Iraq, Iraqi dinar, Muhammad Ali
He specializes in economic affairs Dargham Muhammad Ali, that the volume of currency in circulation in the local market is (4) trillion dinars is controlled by a central bank and this prevents the inflation for next year, noting that most of the ministries of the State does not need to the degree of functional and she is suffering from sagging career, which would negatively affect the investment budget and fully reflected in the Iraqi economy.
World Bank announces its readiness to support Iraq in the orientations of the implementation of projects to pay on creditPosted: October 10, 2011 in Iraqi Dinar/Politics
Tags: bank, Development Fund for Iraq, Director-general, Iraq, iraqi, Private sector, Trade Bank of Iraq, United States
Major international banks have expressed their willingness to support Iraq in the direction to pursue the style of the implementation of projects to pay on credit in return for guarantees from the government through the issuance of sovereign bonds to support this program.
The Director-General of Trade Bank of Iraq Hamdiya dry after returning from America after their participation in meetings of international banks that the results of her meetings with the heads of banks were successful, including JP Morkn and resulted in the formation of a joint committee to restore the amounts of private and ministries, the Iraqi parked 4 years ago because of disagreements between the processors The contracting parties with them and return these funds and deposited in the Development Fund for Iraq.
Tags: Baghdad, Barrel (unit), Economy of Iraq, Extraction of petroleum, Iraq, Oil field, Politics of Iraq, Price of petroleum
likely economic researcher Hussein star, increase the size of Iraq’s oil production in the coming years to (6) million barrels and imports will reach 250 billion dollars a year, calling for the use of these funds to investment projects and service to the country.
A star in a statement to the Agency (news) on Monday: Iraq will develop its oil production from (3) millions of barrels to (6) millions of barrels during the next five years, contrary to what established by the plan, the oil that up to (12) million barrels up to a year (2017), He pointed out that staggering figure is difficult to access it within five years.
Tags: Central Bank Iraq, Council of Representatives of Iraq, Foreign Service Institute, Iraq, Kirkuk, Nouri al-Maliki, Nukhayb, Supreme Judicial Council
The Council of Representatives, on Monday, its the 36 of the legislative year the second headed by the Deputy Speaker of Parliament Qusay al-Suhail and the presence of 211 deputies, with parliamentary source that the agenda for the meeting includes a vote on the candidate list the Iraqi Ministry of Electricity Karim Aftan, and on the draft law of the Federal Court and the Supreme Judicial Council, The first and second readings of a number of laws.
Tags: Council of Representatives of Iraq, Iraq, Ministry of Electricity, Nouri al-Maliki, Reading, Saturday, Supreme Iraqi Criminal Tribunal, Voting
A source in the information department of the Council of Representatives that the hearing on Monday (10-10-2011), would be complementary to the Saturday session, which filed for lack of quorum.
The source told the correspondent of news agency future (and) said: “The agenda of the meeting of the Council for the day will be the same agenda for the meeting on Saturday, which was postponed for lack of quorum.”
Announced member of the Iraqi deputy Thamer al-Alwani, the mass will be held during the next two days, meeting for the selection of the person alternative Iyad Allawi over the presidency of the National Council for politicians.
He said al-Alwani told the site (Khandan): The development of the National Council of the Supreme policies came under the Convention on the Erbil, which was formed from the federal government headed by Nuri al-Maliki, noting that the stalling of some of the blocks to the implementation of the agreements that exceeded (8) months, the reason for declaration of the President of Iraq, Iyad Allawi, for giving up the presidency or the membership of the Council.