Archive for November 21, 2011

UN Representative to visit Kuwait next week; Discuss Iraq’s exit from Chapter VII

Posted: November 21, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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UN Iraq’s representative visits Kuwait next week
Politics 11/21/2011

BAGHDAD, Nov 21 — UN Secretary General’s special representative in Iraq Martin Kobler said Monday he would visit Kuwait soon to discuss outstanding issues between Baghdad and Kuwait.

At a news conference after a meeting with Iraqi senior Shiite cleric Ali Sistani in An-Najaf, Kobler said he “will visit the State of Kuwait next week to discuss Iraq’s exit from Chapter VII” of the UN Charter.

Iraq is yet to address sticky issues like the missing Kuwaiti and third country nationals, return of national archive, paying compensations and maintenance of border signs. (more…)

CBI Daily Currency Auction Nov 21, 2011: $340.5 million (record)

Posted: November 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-NOV-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$) 340,585,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 340,585,000
Total offers for selling (US$) —–

CBI source denies issuance of a 50,000 IQD as it was an old plan; Says bank in process of switching

Posted: November 21, 2011 in Iraqi Dinar/Politics
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Central Bank of his intention to deny the issuance of currency in 50 thousand dinars
Source: the new currency will contain 12 categories, including coins

11-21-2011

Denied a source in the Iraqi Central Bank Matnaqlth Alketronah some sites about the government’s intention to issue a class of Iraqi currency (50) thousand dinars

The source, who preferred anonymity in an interview (the citizen) that “the Iraqi currency is currently in the process of switching after lifting the three zeroes, and it is not possible to issue a new currency at the present time,” adding, “There was intent in the past to issue the currency of a large class to facilitate the deal, but the idea of ​​lifting the zeros replaced this idea or intention of the Iraqi Central Bank to issue currency of a new category, (more…)

GE opens three new offices in Iraq

Posted: November 21, 2011 in Iraqi Dinar/Politics
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GE today announced the opening of three new offices in Iraq – Baghdad, Basra and Erbil – further exemplifying the company’s 40 year history and commitment to the country.

This will drive the company’s long-term operations led by a focus on localisation, knowledge transfer and partnerships with public and private sector leaders across all key growth industries, it said.

Today’s event was held in partnership with the National Investment Commission (NIC) and under the patronage of the Iraqi Deputy Prime Minister Dr Saleh Al-Mutlaq.

Over the past years, GE has played a pivotal role in supporting the country’s infrastructure needs by providing advanced technologies and solutions. Today, GE’s on-the-ground presence will allow the company to be a true partner in realising Iraq’s socio-economic development goals, it said. (more…)

al-Yasiri: Changing of the currency or the need to delete the zeros should be a law of the House of Representatives

Posted: November 21, 2011 in Iraqi Dinar/Politics
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21/11/2011 12:27:44

BAGHDAD (Iba) … A member of the House of Representatives for the coalition of state law, Abdul-Hussein al-Yasiri The change of currency, or delete the zeros need to be the law of the House of Representatives, especially in the announcement by the Iraqi Central Bank said that in 2013 would be appropriate to delete the zeros.

He Yasiri told the independent press (Iba) The Central Bank set up in 2013 to implement his plan to delete the zeros from the currency in order not to damage the Iraqi economy and citizens, if implemented during the current period and we hope to meet the bank’s obligations are to serve dealers and not to damage them. (more…)

Clever money — bilingual bills will “eliminate inflation”

Posted: November 21, 2011 in Iraqi Dinar/Politics
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21/11/2011 14:48
Baghdad, Nov. 21 (AKnews) – The Iraqi Central Bank (ICB) will produce new denomination bill as well as coins in both Arabic and Kurdish languages. The 50,000 dinar notes will hopefully address the liquidity issue in Iraq, halting inflation, the ICB said on Monday.

Deputy chairman of the ICB Dr Muzher Saleh told AKnews the largest denomination bill in the country is 25,000 dinars and its purchasing power does not exceed $23. (more…)

Maliki to Japanese companies: Investment Law will be amended a third time to facilitate the work of investors in Iraq

Posted: November 21, 2011 in Iraqi Dinar/Politics
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Date: Monday, 11/21/2011 18:29

Baghdad (news) .. met with Prime Minister Nuri Kamal al-Maliki at his residence in the Japanese capital Tokyo on a number of heads and officials of major corporations, men and Japanese business, led by companies Hitachi and Jeix and Sumotimo and the President of the Japan Cooperation Center for Middle East and others.

A statement from the Prime Minister received the (agency news) copy of it: that al-Maliki called on Japanese companies to accelerate the implementation of investment projects and to contribute in the reconstruction process and the ongoing construction in the country. (more…)

CBI: Issuance of currency in 50 thousand dinars and coins in both Arabic and Kurdish, Soon

Posted: November 21, 2011 in Iraqi Dinar/Politics
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21/11/2011 11:14

Baghdad, November 21 (Rn) – The Central Bank Monday that he is working on issuing a new currency in 50 thousand dinars Coins and small in both Arabic and Kurdish to address the liquidity in Iraq.

The appearance of Dr. Saleh, Vice Chairman of the bank, told the Kurdish news agency (Rn) that “the Iraqi Central Bank is working to issue a new currency, a large class (50) thousand dinars due to the lack of coins in a big country.”

Saleh pointed out that “the largest currency in the country is now (25) thousand dinars and the purchasing power it does not exceed $ 23.” (more…)

Allawi arrives in Kuwait at the invitation of Prime Minister of Kuwait

Posted: November 21, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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Ali Abdullah – 21/11/2011 PM -

Arrived in Kuwait yesterday evening to the existing Iraqi President Iyad Allawi special invitation from the Prime Minister of Kuwait.

Well-informed sources told News} {Euphrates “Allawi arrived yesterday evening to Kuwait and meet with Prime Minister of Kuwait and a number of Kuwaiti officials.”

http://bit.ly/uuyxdj

Iraqi MP calls on US to use its position in Security Council to exclude Iraq from UN Article 7

Posted: November 21, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
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11/21/2011 1:21 PM

BAGHDAD / Aswat al-Iraq: An Iraqi Legislature has called Monday on the US Administration to play its role in the UN Security Council and the United Nations, to exclude Iraq from the UN Charter’s Article 7, imposing economic sancations against the country.

“It is the duty of the United States of America towards Iraq to strive seriously on the International level to exclude Iraq from the sanctions imposed by the UN Charter’s Article 7 and to cancel the UN Security Council’s Resolution 833 of 1993, that is not valid anymore against Iraq,” the Legislature of the White al-Iraqiya Bloc in the Iraqi Parliament, Aliya Nuseif said in a statement, copy of which was received by Aswat al-Iraq news agency. (more…)

Flashback 11/22/09: U.S. official says Iraq may join WTO by end-2011

Posted: November 21, 2011 in Iraqi Dinar/Politics
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Source: Reuters – 22/11/2009

A U.S. official said Iraq had to join the WTO by the end of 2011 if diligently sought for membership that may help reconstruction efforts through the promotion of trade and investment.

Iraq has begun the process of accession in 2004, however, has taken only initial steps required by the membership. Iraq may also receive limited benefits, given that Iran is one of its major trading partners are not a member of the Organization.
(more…)

White Bloc demanding America to drive Iraq from Chapter VII, Says its their duty

Posted: November 21, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics

White called the Iraqi List, Monday, the U.S. administration to remove Iraq from Chapter VII of the weight through the exploitation of the Security Council and the United Nations.

A spokesman for the Iraqi white high Nassif in the reported statement of “Twilight News” that “the United States to seek international level to remove Iraq from Chapter VII, and the abolition of the Security Council resolution No. 833 of 1993, which is the decision of compliance for Iraq”, usually the “of its obligations towards Iraq.” (more…)

Parliamentary Finance Committee Member: Deleting the zeros from currency is a mere formality; Does not affect exchange rate

Posted: November 21, 2011 in Iraqi Dinar/Politics

21/11/2011 0:00

Showed a member of the Finance Committee and MP for the Kurdistan Alliance Najiba Najib said the project to delete the three zeroes from the currency does not lead to the strengthening of the Iraqi dinar against foreign currencies, saying that a mere formality for the restructuring of the currency.

Said Najib in a press statement yesterday that “the project to delete the three zeroes from the currency Iraq does not work on increasing the value of the Iraqi dinar against foreign currencies, but is a matter of formality for the restructuring of the currency and reduce the money supply, (more…)

Iraq’s record of increasing inflation rates in the market

Posted: November 21, 2011 in Iraqi Dinar/Politics
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21/11/2011 13:36

Baghdad, November 21 (Rn) – The Iraqi Ministry of Planning that the rate of inflation in the economy of the country rose by 5% in the month of October / October compared to the same month last year.

He said the ministry spokesman Abdul Zahra al-Hindawi, and the Kurdish news agency (Rn) that “the rate of inflation in the month of October last rose by 5% compared to the same month last year and rose by 3% compared with last September.” (more…)

Obscure U.S. delegation allegedly in Iraq for negotiations

Posted: November 21, 2011 in Iraqi Dinar/Politics
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21/11/2011 13:38
Baghdad, Nov. 21 (AKnews) – The negotiations between the United States and Iraq over U.S. military trainers staying in Iraq after the withdrawal of American forces at the end of the year, allegedly continue.

Adel Berwari, adviser for Prime Minister Nuri al-Maliki on the Kurdistan Region, said that a delegation from the United States is currently visiting Iraq to discuss current developments, the withdrawal and the bilateral relationship after the withdrawal.

The delegation, that allegedly met with Maliki and President Jalal Talabani, consists of “consultants from Congress and the Supreme Command in the United States,” Berwari said. They were allegedly discussing the numbers of U.S. trainers that should stay in Iraq. (more…)

Ministry of Planning: Indicators of high inflation in October rose 0.3% compared to last Bailol

Posted: November 21, 2011 in Iraqi Dinar/Politics
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Date: Monday, 11/21/2011 14:17

Baghdad (news) .. The Ministry of Planning and Development Cooperation for the registration of slightly higher inflation-indexed in Iraq for the month of October last rose 0.3% compared with September the previous year.

The statement said the ministry has received the Agency (news) a copy of it on Monday that inflation indicators for the period from October 2010 until October 2011 saw were higher by 5%. (more…)

Parliament: sectors (real estate investment, oil and tourism) will witness a remarkable development during the coming period

Posted: November 21, 2011 in Iraqi Dinar/Politics
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Date: Monday, 11/21/2011 13:59

Baghdad (news) .. He is a member of the Economic Commission parliamentary Amer Al-Fayez on optimism about the future of the investment process in Iraq, despite inter difficulties experienced by the country.

He said Fayez (of the Agency news) on Monday: that the sectors (Alastosmaralakara, oil and tourism) will witness a remarkable, during the coming period, calling for investors in Iraq and other countries to invest in the country, the fact that profits will be guaranteed. (more…)

Kubler after his meeting with Sistani: Iraqi forces capable of dealing with the problems of post-withdrawal

Posted: November 21, 2011 in Iraqi Dinar/Politics
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21/11/2011 12:04
Najaf, November 21 (Rn) – A representative of the Secretary-General of the United Nations in Iraq Martin Koppelran confidence in the ability of Iraqi security forces to deal with problems that may occur after the withdrawal of U.S. troops end of the year, stressing that the UN will help in the areas of policy and development.

The Kubler Speaking at a press conference held this afternoon in Najaf, 160 km southwest of Baghdad, after a meeting with the religious authority Ali al-Sistani and was attended by the correspondent of the Kurdish news agency that “the aim of the visit is to listen to the advice of Mr. Sistani, and we know from what the problems facing the country and to exchange views about the role of the United Nations in this important phase of the history of Iraq. ” (more…)

Investment laws impeding the implementation of housing projects in the crisis of Babylon

Posted: November 21, 2011 in Iraqi Dinar/Politics
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The housing crisis of crises inherited in Iraq more generally, particularly in the province of Babylon, which suffers from widespread poverty and the problem of forced displacement of the provinces hot and can not be surpassed for many reasons, including poor investment law disruptive for the construction of residential units, granting loans for the construction of residential buildings and to facilitate the citizen for obtaining housing has, and the cost low.

said Ghassan Jabbar (factor Municipality) “who has the house built of mud and tin tin” house with a capacity to five single out children become adults, most of whom want to marry, where he spoke, “that it is very difficult to get a home the independence of my children or buy a large house to us because of the high prices. “The” At the moment we suffer from high prices and exorbitant costs in the event of building a big house for the remuneration of labor and materials used in construction prices increased in Seir. ” (more…)

UN representative to Iraq to visit the Imam Ali shrine and go to visit Sistani reference

Posted: November 21, 2011 in Iraqi Dinar/Politics
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Visited the UN representative in Iraq, Martin Kobler holy city of Najaf today and supervise the faithful visiting the shrine of Imam Ali bin Abi Talib peace be upon him

And transfer agency correspondent N. news reporting that Representative internationalist went to visit the highest religious authority, Grand Ayatollah Ali Husseini Alssetani based in the old city “

http://bit.ly/sMoxEk

Barzani meets with Jeffrey and Austin

Posted: November 21, 2011 in Iraqi Dinar/Politics
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President of Kurdistan region Masoud Barzani on Sunday, at his residence in the resort of Salahaddin in Arbil, U.S. Ambassador to Iraq, James Jeffrey and Gen. Lloyd Austin, commander of U.S. forces.

According to the president for the region, it is “During the meeting, they discussed bilateral relations between the two sides in light of the agreement signed between Iraq and the United States of America.” While “President Barzani the importance of strengthening bilateral relations to serve the common interests of both countries and especially after the withdrawal of U.S. troops from Iraq by the end of this year.” (more…)

Iraqi Oil: waiting for a response from the Exxon Mobil deal on Kurdistan

Posted: November 21, 2011 in Iraqi Dinar/Politics
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21/11/2011 12:49

Erbil, November 21 (Rn) – The Iraqi Oil Ministry said on Monday it is awaiting a response from Exxon Mobil to letters sent by the government to the company on a deal signed with the Kurdistan region to explore for oil.

It quoted “Reuters” Iraqi Oil Minister Abdul Karim and coffee as saying that he and Prime Minister Nuri al-Maliki, who is currently visiting Tokyo and face letters to Exxon Mobil and awaiting a response. But he did not mention the content of speeches. (more…)