Contract for the Economic Affairs Committee at its twenty-seventh and took a number of important economic decisions.
Chaired by Deputy Prime Minister Dr example, has typically Nuri Shaways in the presence of ministers (oil, trade and industry, minerals and agriculture) and President of the Office of Financial Supervision and Central Bank Governor and Chairman of the National Investment Commission and a member of advisory board and Associate Secretary General of the Council of Ministers.
He called for a coalition of Kurdish blocs, Mahmoud Othman, Wednesday, to resolve the file to change the security ministries and their leaders to end the security breaches that plague Iraq.
Uthman said to the reporter and the news agency the future (and) that: “the political blocs to leave aside their differences and to move towards resolving the Minister security to avoid such security breaches,” noting that “security breaches last clear indication of the decline in the level of security in Baghdad, the capital and the provinces other. “
Othman called “to make some amendments to security plans and security strategies and change the security leaders to control the situation in all regions of Iraq.”
On: Wed, 10/12/2011 18:08
Moving nine Islamic banks Iraqi, and with a bank branch «Abu Dhabi Islamic» in Iraq, about the organization of its work to fit with instructions issued by the Central Bank of Iraq for the sector, and specifically in the field of investment, according to the principle of participation and profit-sharing and rent in the productive sectors and services.
The Deputy Executive Director of the Association of Iraqi private banks, high-Nasser Hussein, the Islamic banks, which increased in number from one bank in 1992 to nine, working to expand its activities, investment and promote strong competition with commercial banks, noting that the annual reports and quarterly for most Islamic banks indicate to achieve profitable, and enhance the spread of its branches in Baghdad and other governorates.
Wednesday October 12, 2011
Held Iraqi Parliament Speaker Abdulaziz Osama Najafi lengthy dialogue meetings with the British research centers at the start of his visit to London focused on the situation in Iraq and the most important problems encountered in the path of democracy, and the effects of the situation in the region of the country.
The first of these meetings with the International Institute for Strategic Studies, who discussed the future of democracy in Iraq after the 2010 elections, while the second meeting was at the Oxford Centre for Islamic Studies included a tour of the building, Clarendon’s Theatre Childonyan in Oxford and at the Library Bodleian In the realm of Radcliffe and then access to a field test in the mentioned university, where he presented President Nujaifi lecture exams in schools on the “challenges and future prospects.”
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 the central bank and this prevents inflation for the next year, noting that most of the ministries of the State does not need to degrees and career and she is suffering from sagging career, which would negatively affect the investment budget and fully reflected in the Iraqi economy.
The Muhammad Ali in a statement to the correspondent Agency (news) on Monday: “The issue of inflation is unlikely in the coming months due to the control of the central bank to the currency in the domestic market, which amounted to (4) trillion dinars and through his control also on the exchange rate which is a measure of The price of goods imported from abroad, mass cash on the market. “
Babinaoz stressed President Jalal Talabani on the need to support the United Nations for Iraq’s efforts to get out from under Chapter VII resolution of other problems that may face his democracy.
And the presidential statement said that Talabani received the new Special Representative of the Secretary-General of the United Nations in Iraq, Martin Kobler and the delegation accompanying him, and expressed its full readiness to support the UN mission in Iraq and the success of its noble.
propose an economic advisor in the Prime Minister Hussein Anbuge that “Iraq borrow from the IMF to address the shortfall in the current budget, which may range between [10-12] trillion dinars,” adding it was “soft loans and cover the deficit going forward.”
He Anbuge told all of Iraq [where] the day Wednesday that he “should cover this deficit through equity in the distribution of financial allocations for investment projects and development by the ministries.”
VietFinanceNews.com – The official exchange rate fluctuation in recent days is not the thing experts are worried about. However, they have expressed the doubts about the feasibility of the government’s plan to curb the exchange rate fluctuation at below one percent by the end of the year.
Prior to October 5, the interbank dong/dollar exchange rate announced every day by the State Bank of Vietnam always stayed at 20,628 dong per dollar. However, since October 5, the State Bank has continuously raised the interbank exchange rate to 20,638 dong, then to 20,648 dong, and to 20,653 dong per dollar on October 7.
VietFinanceNews.com – The State Bank of Viet Nam yesterday announced an increase in the interbank exchange rate to VND20,668 per dollar, VND15 higher than that of Monday and the fourth increase since last Wednesday.
Driven by the State Bank move, commercial bank forex rates soared accordingly, Vietcombank posting a VND20,875 – VND20,870 per dollar sell/buy, an increase of VND15 and VND14 per dollar.
Several other banks including, Asia Commercial Bank and Eximbank, also increased their forex rates to selling prices of VND20,875 per dollar and buying prices of VND20,853 – VND20,855.
On the black market however, greenbacks settled on VND21,250 – VND21,280 (buying/selling) yesterday, a decrease of VND100 per dollar.
On the domestic market, the price of gold increased significantly due to increased world prices and the hike of forex rates announced by the SBV.
At 12pm yesterday, gold shop Phu Quy on Tran Nhan Tong Street, Ha Noi, posted buy/sell prices of SJC gold at VND43.8 million (US$2,105.77) – VND44.03 million ($2,116.83) per tael (one tael being equivalent to 1.2 ounces), VND500,000 higher than on Monday.
At the same time, the spot world price on the London Bullion Market was $1,679 per ounce.
Last Wednesday, the central bank said it would continue selling US dollars to cool down the domestic foreign exchange market, ensuring that the value of the domestic currency would not fall by more than 1 per cent against the dollar between now and the end of the year.
If the Vietnamese dong was to devalue by 1 per cent, the forex rate would be VND20,834 per dollar. Thus far, the adjustment had reached 0.2 per cent, experts said.
Vo Tri Thanh, deputy director of the Central Institute for Economic Management, said that higher exchange rate pressure would overshadow the rest of the year.
Senior economist Tran Hoang Ngan said that, as the adjustment still fell below 1 per cent as set by the central bank, there was no need to be worried.
He added that the inter-bank rate increase was a way of managing exchange rates flexibly to create market stability, saying there was no reason for devaluating the domestic currency as inflation had been under control and demand and supply for foreign currencies were stable.
On Monday, the central bank allowed two more banks to sell gold, alongside Sai Gon Jewellery Ltd Company (SJC) and five other banks including DongA Bank, ACB, Techcombank, Eximbank and Sacombank, to stabilise the chaotic domestic market for gold. These banks are set to also re-open their foreign gold trading accounts.
The economic expert Ahmed Abreha, that Iraq does not require states supported economically, it is better in terms of attracting investors and investment laws, but lacks marketing the right investment.
The Abreha told the reporter Agency (news) on Wednesday: ” Iraq does not require states backed and supported economically, but is in need of investors are willing to promote the manufacturing industry (such as machinery, heavy clothing, electronics, Albertokimaoyat, and cars) and others.
The latest daily currency auction was held in the Central Bank of Iraq on the 12-OCT-2011. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 22 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 194,228,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 194,228,000 |
| Total offers for selling (US$) |
Between the Economist as beautiful, that the main reason for the volatility of commodity prices and food in local markets due to frequent talk about draft deleted three zeros from the currency resulting in a situation of anarchy in Iraqi merchant.
Beautifully told reporter (News Agency KCNA) Wednesday: that causes instability of goods and foodstuffs due to frequent talk about draft deleted three zeros from the currency, by the Central Bank and Government, making wealth owners and traders heading towards buying gold or sell it or keep dollars or dinar and this leads to rapid fluctuations in prices of materials and goods. (more…)
10/11/2011 8:56 PM
KARBALA / Aswat al-Iraq: The Human Rights Ministry received 32 corpses from Iraqi soldiers killed during the second Gulf War, Minister Mohammed Shia’ al-Sudani announced today.
12/10/2011 17:24
Erbil, 12 October / October (Rn) – The Development Conference in the Iraqi market for securities business on Wednesday in Erbil with about 120 Iraqi businessmen and foreigners.
According to the supervisor of the Conference Abdul Chuan Kurdistan News Agency (Rn), that “the development of the Iraqi market for securities began its work today with the participation of some 120 Iraqi businessmen and foreigners,” adding that “the conference will continue for two days.”
Wednesday, 12 October 2011
Written and U.S. Secretary of State Hillary Clinton in her article, “The future of U.S. policy will be determined in the Asia-Pacific and not in Afghanistan and Iraq.”
Clinton said in the article which was published in the journal “Foreign Policy in the U.S.” to the number in November under the title (the era of America in the Pacific), “The end of the war in Iraq, and start the U.S. withdraw its troops from Afghanistan, the United States stands at a pivotal point” .
She said, during the past 10 years we have dedicated substantial resources to these laid-off, and in the next 10 years we need to be smart and Mmenhgen to determine where to invest time and energy to put ourselves in the best position to maintain our leadership and to ensure that our interests and the payment of our values. “
Wednesday, 12 October 2011
A member of the coalition of state law Wednesday that all the political blocs, whether in the National Alliance and the Kurdistan Alliance agreed on preparing a new version of the National Council will be asked to read a second reading after the end of recess. “
He said in a statement Jubouri singled out by the news agency of public opinion (and babysit): “The current draft of the Law of the National Council with the failures of many a violation of the Constitution.”
announced that the Finance Committee in the House of Representatives, Wednesday, for the formation of a sub-committee to review the law of the salaries of state employees, stressing that this step comes after the large increases in the salaries of the internal security forces and the army.
A member of the Finance Committee, the parliamentary Faleh force in the statement, issued today, and received the “Sumerian News” copy, “The Finance Committee formed a sub-committee task Law Review salaries of state employees and the public sector No. (22) for the year 2008,” noting that “the formation of this committee came after large increases in salaries that took place at the level of forces Homeland Security and the military which led to that there is considerable variation in the level of income among this group and staff in other ministries. “
Committee decided to senior government keep the pricing power of past and not to adopt new rates that citizens complained about their wages high.
Presided over Deputy Prime Minister Ruz Nuri Shawis of the session twenty-seventh of the Committee on Economic Affairs yesterday, the presence of the ministers of oil, trade and industry, minerals, agriculture, and the President of Supreme Audit and the Governor Central Bank and Chairman of the National Investment and advisory board member and assistant secretary-general of the Council of Ministers.
Formed a Finance Committee in the House of Representatives sub-committee to review the law of the salaries of state employees and the public sector No. (22) for the year 2008.
A member of the Committee MP for mass citizen Faleh force in a special statement (morning) that the Finance Committee formed a sub-committee task Law Review salaries of state employees and the public sector No. (22) for the year 2008.
Baghdad (news) .. According to a member of the Economic and parliamentary deputy / National Alliance / Amer Al-Fayez, to withhold the ration card holders of high-income by the Ministry of Commerce is a prelude to finish the work, calling for the need to define a time limit to cancel.
said Fayez told the reporter Agency (news) Wednesday: that the work done by the Ministry of Commerce blocked the ration card holders of high-income amounting to a million and a half million and above was in preparation for the expiry of this card.
detect the Central Bank of Iraq, Sunday, that two thirds of the increase expected to occur on the budget next year, will be allocated to increase the salaries of employees and retirees as well as increase the number of grades, indicating that the IMF will support this budget, a soft loan estimated at seven billion dollars.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh said in a statement received for the “Twilight News” that “the roof of the amount of the budget year 2012 of about 130 trillion dinars, subject to increase or decrease according to the decisions of the Council of Ministers and the Parliament.”
Attributed the MP for the coalition of state law Jawad Albzona Presidency of the Council of Representatives to postpone the vote on the Federal Court Act to the differences of the political blocs on some paragraphs of this law.
The Albzona told all of Iraq [where] “The political blocs can not agree on the law of the Federal Court because of disagreements on some of its paragraphs, which called for the presidency of the Council of Representatives voted to postpone further notice.”
He added: “This postponement will give the political blocs have the opportunity to settle their differences on this law, especially as we are on the verge of the holiday legislative those blocks will be given enough time to finish their differences on this law.”
10/11/2011 7:19 PM
BAGHDAD / Aswat al-Iraq: The head of the Middle Bloc criticized today the work of the government in the financial dossier, charging the finance minister with surpassing the articles of the constitution.
In a statement, copy received by Aswat al-Iraq, Iyad al-Samara’i criticized the government for not having a full report how to deal with 2011 budget.
