Archive for January, 2012

Reuters: Iraq parliament could see new draft oil law in Feb

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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Reuters – [1/30/2012]

After five years in the making, Iraq’s parliament could have a first reading of a landmark oil law by early February, a senior Iraqi energy official said on Monday.

Adnan al-Janabi, head of Iraq’s oil and energy committee, said he “hoped for some movement next month” on the legislation that is crucial to resolving a bitter feud between Baghdad and the semi-autonomous Kurdistan region over oil rights.

Janabi’s committee has been poring over two versions of text that address the core disagreements between Baghdad and Arbil: the role of the governorates, the composition of the federal council, the ability of the regions and governorates to sign contracts and the issue of previously signed contracts. (more…)

Zebari confers with UN official on closing Kuwait’s compensation dossier

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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1/31/2012 12:34 PM

BAGHDAD / Aswat al-Iraq: Iraq’s Foreign Minister, Hoshiar Zibary, has reiterated in a meeting with the Chairman of the UN’s Executive Council for Compensations on necessity to reach for a final settlement for the issue of compensations and to treat all the suspended issues with Kuwait, according to a Foreign Ministry statement on Tuesday.

The statement, as was received by Aswat al-Iraq news agency, stressed that Zibary had conferred on Monday evening with the Chairman of the UN’s Executive Council for Compensations, H.
Shoemakher and the Executive Secretary of the Committee, Mujtaba Qazzazy, with their accompanying delegation. (more…)

CBI says it has began a study based on the mechanism behind removing zeros

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Tue 1/31/2012 7:56

Central Bank announced it had begun to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of its own legislation, setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him the powers of a change in their local currency. The deputy governor of the Central Bank of the appearance of Mohammed According to Saleh (Rn) that the bank submitted a working paper for the project to delete the zeros of the local currency to the Council of Ministers for the involvement of ministries and agencies

Requirements in the process of deleting the zeros to prevent harm from the process. ” (more…)

Interview: Iraq on the eve of the revolution investment

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date of Publication 22/01/2012 12:00 AM

Director of the Bank of the Middle East:

Iraq on the eve of a real revolution in the fields of investment and development backed by large numbers of financial returns resulting from high rates of production of oil and gas, banking sector is invited to play a leading role in this revolution. Commissioner to speak to the Director of the Bank of the Middle East Iraqi investment sentenced George Behnam, which calls for a required amendments to the Banking Law in preparation for this phase. «Weekly» Interview. (more…)

CBI: Commencement of the examination to provide legislation to legalize the process of removing zeros from the currency

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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Baghdad – and babysit – The Central Bank of Iraq had begun to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of legislation setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him the powers of a change in their local currency.

This comes at a time confirmed the Parliamentary Finance Committee, the central bank lingered in the provision of a bill to delete the zeros from the currency to the Committee for the purpose of his study, confirming the same time the law was passed that would give Iraq an opportunity to address inflation. And inflation is the excessive rise in the general level of prices and higher cash income as well as high costs and create excessive cash balances. (more…)

Iranians are racing to buy dollars from the Iraqi market

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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30.01.2012
Athert international economic sanctions faced by banks, companies and businessmen, Iranians heavily on the currency of Iran, “Altomen” and decreased its value against other currencies especially the dollar, prompting the Iranian traders to scramble to buy dollars from the Iraqi market, which economists say it will impact negatively on the Iraqi currency The economic situation in Iraq.

says a professor of economics at the University of Sulaimaniya attributed Saber in an interview with Radio Free Iraq that the Iraqi politicians to develop economic plans appropriate to take advantage of the political situation and economic instability in Iran and Syria, but the instability in these countries will reflect negatively on the economy Alaaraca . (more…)

Confirms that the Iraqi leader expressed his willingness to meet with Maliki did not ask for the mediation of Talabani

Posted: January 31, 2012 in Iraqi Dinar/Politics

Tuesday, 31 January 2012 08:32

{Baghdad} Euphrates News confirmed that the existing Iraqi leader expressed his willingness to meet with Prime Minister did not ask for that broker.

The spokesman said Maysoon al-Iraqi, told the Euphrates {News} Tuesday, that “Iyad Allawi, expressed his willingness to meet with Prime Minister Nuri al-Maliki, in the presence of President Jalal Talabani.” (more…)

House of Representatives will reconvene next Thursday

Posted: January 31, 2012 in Iraqi Dinar/Politics
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Tuesday, 31 January 2012 16:16

Lifting of the House of Representatives its sixteenth held today, chaired by Osama Najafi to next Thursday.

A parliamentary source told all of Iraq [where] said Tuesday that “House Speaker Osama al adjournment of Parliament for the day to day after tomorrow, Thursday after the first reading and a second for a number of bills on the agenda of the Council, including the second reading of the bill that the financial budget of the State for the year 2012. “

The House of Representatives held its sixteenth regular, headed by Speaker Osama Najafi, and attended by more than [230] deputies, including deputies of the Iraqi List, who returned to the meetings of the Council after a month-long boycott and a half month.

http://bit.ly/yG3RnV

Member of Parliament Finance Committee denies dropping of zeros will cause money laundering and corruption; Says its a process of reform

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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Member of the parliamentary financial denies that caused the deletion of zeros from the currency of financial and administrative corruption
Tuesday, 31  January 2012 16:26

Denied a member of the Finance Committee, the parliamentary process that caused the deletion of zeros from the Iraqi currency occurrence of money laundering and financial and administrative corruption in it.

Said committee member Ibrahim al-Rikabi told all of Iraq [where] Tuesday that “are untrue news or fears of money laundering or financial and administrative corruption caused by the process of removing three zeroes from the Iraqi currency as it is the process of reform and management of the currency.” (more…)

U.S. pressure to resolve the crisis .. And a meeting of the three presidencies in 48 hours

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines

On: Tue 01/31/2012 14:37

Baghdad (news) .. Revealed a political source familiar with the decision-making, that the United States began to exert pressure on all political blocs to resolve the current crisis to hit the country, noting that it addressed a meeting of the three presidencies in (48) hours the next to put mechanisms solutions to the crisis.

The source said in a statement singled by the Agency (news) on Tuesday: The United States began to exercise pressure on all political blocs to resolve the political crisis, saying: that the bodies of diplomacy in America contacted the leaders of the blocks as well as by the U.S. ambassador in Baghdad, so as to enable the leaders to reach solutions. (more…)

Najib: We will confront firmly to any situation targeting Iraq financial; speaks of fake currency

Posted: January 31, 2012 in Iraqi Dinar/Politics
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On: Tue 01/31/2012 15:18

Baghdad (news) .. Denied a member of the Knesset Finance Committee for / Kurdistan Alliance / Najiba Najib enter any currency forged to the Iraqi market by Iran.

The prodigal (of the Agency news Allanaba) on Tuesday: The Iraqi government and the National Council would deter any party or country is trying to damage the financial situation of the Iraqi If there is evidence on the entry of counterfeit currency by the Iranian side, it requires quick and decisive action by the government and the House of Representatives, as guardian of Iraqi funds. (more…)

Committee on Oil and Energy will host a parliamentary Minister of Oil, Discuss HCL Law

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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Tuesday, 31 January 2012 08:34

{Baghdad} Euphrates News said a member of the Commission on oil and energy parliamentary Odai Awad said his committee will host the oil minister, Abdul Karim and coffee.

Awad said the Euphrates News Agency {} on Tuesday that “the host of the oil and oil minister to discuss with him about the reasons for the delay enactment of the oil and gas as well as for clarification from him about the Government’s vision on that law.” (more…)

Parliamentary power is the absence of oil and gas law in multiples of its supervisory role

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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TUESDAY, JANUARY 2012

Confirmed to the Commission on oil and energy in the House of Representatives, Tuesday, that the lack of legislation, the law of oil and gas to the now weakened its supervisory role on the performance of the Oil Ministry, indicating that the latter responded to the requests of the Committee and promised to send details of contracts concluded within the licensing rounds with foreign companies.

The decision of the Commission on oil and energy parliamentary Mchkta Qasim’s “Twilight News” that “the delay and failure to approve oil and gas law to the day affect the work of our committee and makes the performance of weak oversight of the Oil Ministry.” (more…)

UN commends the progress, security and stability in the region

Posted: January 31, 2012 in Iraqi Dinar/Politics

09:40:48 2012-01-31 PUKmedia

Lauded the Deputy Special Representative of the Secretary General of the United Nations in Iraq for political affairs and elections Korki Posten progress witnessed by the Kurdistan Region, noting that he would ask the Special Representative of the Secretary General of the United Nations in Iraq, noted in his report quarterly in New York to this progress.

He Posten during a visit to the Department of Foreign Relations Kurdistan Regional Government on Monday, that the Kurdistan Region Eetmez very widely from the rest of Iraq from the aspect of security stability, coexistence and reconstruction, stressing that the policy of the Kurdistan Regional Government in line with the views of the United Nations, expressed the readiness of International Organization for assistance in building a civilization advanced in the region. (more…)

Muraabi: Iraqi currency is solid and can not be falsified

Posted: January 31, 2012 in Iraqi Dinar/Politics, Top Headlines
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31/01/2012 10:31:00

The Iraqi News Agency Independent / Baghdad / p. … G said a member of the National Alliance MP Hussein Al-Muraabi

. The General Directorate of issuing and cupboards are responsible for the control of counterfeit currency in the country . And hosted at the House of Representatives will reveal the fact whether there was a fake currency in the country or not to take such steps, if any. (more…)

Parliament convened today

Posted: January 31, 2012 in Iraqi Dinar/Politics
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The Council of Representatives, Tuesday, 16 of its second legislative term of the second legislative year, headed by Osama Najafi, and the presence of 239 deputies, with a parliamentary source said that the meeting will see the first and second readings of the nine bills, including the budget of 2012 and the lending staff.

The source said in an interview for “Alsumaria News”, “House of Representatives held this morning, its the 16 of the second legislative term of the year the second legislative, headed by Speaker Osama Najafi, and the presence of 239 deputies,” noting that “the meeting will see the first reading of the draft Labour Code and the second reading the draft law to the federal budget for fiscal year 2012. ” (more…)

CBI Daily Currency Auction Jan 31, 2012: $201 million

Posted: January 31, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 31-JAN-2012. The results were as follows:

DETAILS NOTES
Number of banks 28
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 201,015,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 201,015,000
Total offers for selling (US$) —–

Parliament sources criticize delay in activating tariff law says it would create $15b in revenue; GOI fears tariff law may hurt trade relations with Kuwait and Turkey

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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Kuwait and Turkey .. Concerned with delaying the activation of the customs tariff for gifts

Posted 30/01/2012 09:25 AM

BAGHDAD – Babinaoz (Reuters) – according to a report published in the future of Iraq parliamentary sources criticized the delay in activating the tariff law and the implementation of its provisions because it indirectly protect domestic industries that is a win, plus the national budget.

And suspended sources on the process that it does not come from government offices, but are recognized in Kuwait, Turkey and the shift to Iraq to be introduced,

(more…)

Maliki welcomes the willingness of Arab states to attend the Summit of Baghdad

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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01/30/2012 15:47

Received Prime Minister Nuri Kamal al-Maliki in his official office today by the Secretary-General of the Arab League, Ahmed Ben Helli.

He welcomed the readiness of sovereignty of all Arab countries to attend the Summit to be held in Baghdad, and hoped to be a successful summit because of the nature of the circumstances and the level of attendance expected. (more…)

Zebari and UN exec discuss Iraq’s obligation to announce the settlement of outstanding issues with Kuwait

Posted: January 30, 2012 in Iraqi Dinar/Politics
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During a meeting with the President of the Executive Council of the United Nations Compensation .. Zebari, Iraq’s obligation to announce the settlement of outstanding issues with Kuwait
Date: Monday, 01/30/2012 17:12

Baghdad (news) .. Browse Foreign Minister Hoshyar Zebari, with the Chairman of the Executive Council of the United Nations Compensation Hanov Schumacher and Mojtaba Gazzaza Executive Secretary of the Committee and the delegation accompanying them, the development of reparations imposed on Iraq under Security Council resolutions. (more…)

Allawi reveals its demand to meet with Talabani to mediate Maliki confirms that the province of the Iraqi parliament has achieved its objectives

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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Monday,  2 January 2012

Revealed the existing Iraqi President Iyad Allawi for his claim of President Jalal Talabani to mediate a meeting with Prime Minister Nuri al-Maliki to discuss the current political crisis in the country.

Allawi said in an interview “I have asked Talabani to mediate in my meeting with Maliki and required him to get the meeting at the headquarters of the Presidency as the situation of the Iraqi people’s future and stability is the most important things, but we have not heard the answer yet.” (more…)

CBI: The Politics of raising the Iraqi dinar against the dollar will contribute to strengthen the Iraqi economy

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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Denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh cited some of the media to remarks from some officials for the failure of the central bank to raise the Iraqi dinar against the U.S. dollar.

He told all of Iraq [where] that “the Iraqi Central Bank to raise the dinar against the U.S. dollar at the present time is a positive step measured accurately,” adding that “the statements that dealt with the failure of the Bank in a political lifting the dinar against the dollar reflects the contract and hatreds personal.”
(more…)

Parliament: CBI faces the problem of smuggling hard currency to Iran; Take a new financial measures in the coming days to curb smuggling

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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A commission of economy and investment representative for the Iraqi Central Bank to take a new financial measures in the coming days to curb the smuggling of hard currency. A member of the Committee of Economy and Investment parliamentary deputy for the coalition in Iraq Qusay Friday “is that a meeting took place recently with the Chairman of the Commission on Money Laundering and the Deputy Governor of Central Bank of Iraq and the Central Committee and the Economic Commission to discuss the issue of smuggling of foreign currency to Iran in order to solve this problem and find effective solutions to them.” (more…)

Economic Researcher: the continuing deterioration of the Iranian Altoman Sistnzv cash reserve of hard currency in Iraq

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date: Monday, 01/30/2012 12:49

Baghdad (news) .. Warned the economic researcher Hussein star depletion of hard currency from Iraq for Iran as a result of the deterioration of its currency against the U.S. dollar.

and said the star in a statement to the Agency (news) on Monday: There are dealers and companies working in Iraq for Iran and Syria and trying to pull the U.S. dollar from local markets to those States as a result of international sanctions that have led to the deterioration of their currencies.

and feared the star’s depleted foreign currency of the country that there is strong demand by traders and businessmen and company owners who are working for Iran and Syria to buy the currency of the auction the central bank in bulk than on the former, leading to come into force from Iraq. (more…)

President of the Bank of the economy: intellectual backwardness of the leaders of the cause of the economic process of the deterioration of the banking sector in Iraq

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date: Mon 01/30/2012 8:50

Baghdad (news) .. Revealed the chairman of Bank of the economy Husam Obeid for the existence of intellectual backwardness of the characters, which leads the economic process in the country, which led to the deterioration of the banking sector in Iraq.

Obaid said in a statement to the Agency (news) on Monday: that Iraq today is suffering from underdevelopment mindset of the characters that Taatbu positions economically sensitive in the country, stressing that they applying the principle of “the person inappropriate in the right place”, through the decisions of others supportive of the Iraqi economy in general and the banking sector in particular. (more…)

CBI to study the legislation to legalize the process of removing zeros from the local currency

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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Baghdad, January 30 (Rn) – The Central Bank of Iraq, on Monday, he began to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of legislation setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him the powers of a change in their local currency.

This comes at a time confirmed the Parliamentary Finance Committee, on Sunday, the central bank lingered in the provision of a bill to delete the zeros from the currency to the Committee for the purpose of his study, confirming the same time the law was passed that would give Iraq an opportunity to address inflation. (more…)

Arab summit in Baghdad should be a huge benefit to the political leaders to resolve their differences soon

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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Monday, 2 January 2012 11:44

The MP said the coalition of state law on the Keywords that the Arab summit in Baghdad next March is a great asset for Iraq

He told all of Iraq [where] that “the Arab summit gives Iraq a future role in the region and all the political blocs to realize the importance of this and be flexible to the maximum extent in dealing with important issues,” adding that “the political blocs to reach solutions Links to some urgent issues “

The Arab summit which was due to be held in Baghdad in May of last year has been postponed to March of this year at the request of the Gulf countries on the pretext that the Arab situation is not ready to hold this summit. (more…)

The advisory board Balttnsag with the World Bank looking plans and programs adopted to implement the reform program of the state of public companies

Posted: January 30, 2012 in Iraqi Dinar/Politics
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Date: Monday, 01/30/2012 16:06

Baghdad (news) .. team held a reform of public companies in the form of advisers Prime Minister’s Office in coordination with the World Bank meeting to discuss the steps and programs adopted to implement the roadmap (reforming public enterprises of the state) in the presence of UN agencies and international partners and units of the restructuring of public companies in the ministries concerned , along with a number of experts and advisers in the body. (more…)

CBI Daily Currency Auction Jan 30 2012: $199.9 million

Posted: January 30, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 30-JAN-2012. The results were as follows:

DETAILS NOTES
Number of banks 24
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 199,925,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 199,925,000
Total offers for selling (US$) —–

Confirms the return of the Iraqi List minister of the meetings of the Council of Ministers next week

Posted: January 30, 2012 in Iraqi Dinar/Politics, Top Headlines
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confirmed the Iraqi List, Monday, the return of its ministers in the government to the Council of Ministers after a week, denying the existence of pressure negative exercised on it to end its boycott of parliament and the government. The MP for the existing unit Jumaili in an interview for “Alsumaria News”, “ministers menu return of the meetings of the Council of Ministers after a week, “pointing out that” the list does not set conditions for a return, as some believe. “

She Jumaili that “Iraq intending to implement themes agreed at the meeting of Erbil, Kalmtalibh clear accountability and justice law and the reform of the judicial system and the parliamentary resolution of the problem of the Vice President Tareq al-Hashemi judicially and politically, in addition to the claim body balance and a national armed forces. “

denied Jumaili that “the list has come under pressure of international or regional to end its boycott of parliament and (more…)

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