Archive for January 11, 2012

Mesopotamia University business department discusses upcoming deletion of zeros on Iraq currency

Posted: January 11, 2012 in Iraqi Dinar/Politics
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Business Economics at the University of Mesopotamia discuss the project to delete the zeros
Wednesday, January 11 2 / January 2012

BAGHDAD / With: Faculty discussed the economics of the business at the University of rivers, the restructuring of the Iraqi currency (the project to delete the zeros) within the scientific activities of the first semester.

The ministry said in a statement issued Wednesday, the Agency has received reports of the future, a copy of “The Director of Information University Mohammed Jassim said the Faculty of Business Economics discussed the project to delete the zeros in the scientific lecture to the Deputy Governor of the Central Bank of the appearance of Dr. Mohammed Saleh titled (the restructuring of the Iraqi currency project to delete the zeros three), hosted by Hall of Mesopotamian civilization in the Faculty of Political Science. ” (more…)

CBI: Iraq’s core inflation jumps to 7 percent in December; Up from 6.4 percent in November

Posted: January 11, 2012 in Top Headlines
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Central Bank of Iraq: core inflation, seven percent

Posted 11/01/2012 06:56 PM

BAGHDAD (Reuters) – A central bank official said on Wednesday that the core annual inflation rate jumped to seven percent in December from 6.4 percent in November.

The denominator is harmful to the Deputy Governor of the Bank Alroeters that the average annual inflation for the whole of 2011 amounted to 6.5 percent, unchanged from 2010. (more…)

Kuwait: Maliki’s visit we look forward with interest to complete the negotiations and resolve outstanding issues

Posted: January 11, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, RV-O-Meter, Top Headlines
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Kuwait’s government announced, on Wednesday, the postponement of the visit of Prime Minister Nuri al-Maliki because of concern the general election, while affirming that they look forward with interest-Maliki’s visit to complete the negotiations and resolve outstanding issues.

The Deputy Prime Minister and Minister of Foreign Affairs and Minister of State for Cabinet Affairs Sabah Khalid Al Hamad Al-Sabah said in an interview for “Alsumaria News”, “Kuwaiti Prime Minister Jaber Mubarak Al-Hamad Al-Sabah telephoned Iraqi Prime Minister Nuri al-Maliki and told him to postpone his visit to Kuwait due to the concern of the government’s general election” .

The morning that “the Kuwaiti government are looking forward to the visit of Prime Minister of Iraq to complete the negotiations and resolve outstanding issues,” noting that “the Iraqi-Kuwaiti joint and developed a roadmap to develop the solutions for all the sticking points and complete what has been reached during the discussions held during the year 2011.” (more…)

CBI: Failure of fiscal policy to achieve economic growth and current expenditure inconsistent with the monetary policy

Posted: January 11, 2012 in Iraqi Dinar/Politics, Top Headlines
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Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh, said that the Iraqi central bank reserves are formed via two-way direction, which is often direct and indirect way.

Saleh added that the trend of direct which often is the fact that the government fill up between (60-70%) of the expenditures of Interior Iraqi dinar by exchanging dinar product in the Central Bank of Iraq being the authority to release cash and exchange it for dollars to represent the process trade-off between the balance sheet and the general budget or between items within the balance sheet and items outside the balance sheet of the Central Bank of Iraq, noting that this swap is for the purpose of bridging the expenditure of local Iraqi dinar and the dollar intake to meet this swap represents the accumulation of reserves of foreign central bank of Iraq or the so-called assets of State, consisting of cash basis used in trading. (more…)

Qusay Fri: Iraqi banks declining and ineffective investment

Posted: January 11, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Wed, 01/11/2012 12:12

Baghdad (news) .. noted member of the Economic Commission deputy / coalition in Iraq / Qusay Fri importance of new legislation supports the Iraqi banks two branches of government and private sectors for their contribution to the investment process and the reconstruction of the country.

Juma said in a statement (for the Agency news) on Wednesday: The Iraqi banking system too late for modern systems and advanced in the world, Iraqi banks now is like the offices of banking, and do not have an active role and is vital in the investment operations of the country. (more…)

Anbuge: income must be increased to meet the inflation .. And resolving the economic problems

Posted: January 11, 2012 in Iraqi Dinar/Politics, Top Headlines
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Warned the specialists in the economic risks of continued high rates of inflation, confirming that the increase in prices and the high cost of services are factors that can adversely affect many of the economic gains achieved in recent times, as mentioned Advisor to the Prime Minister for Economic Affairs that inflation in Iraq due to structural reasons, indicating that inflation will accumulate during the times ahead by not finding radical solutions to the suffering of the Iraqi economy in general, especially unemployment and poverty, which he said the most significant factors that could that lead to a what he called (the dimension is not visible in inflation), which result from reduced purchasing power of individuals and the high cost of living.

The Central Bureau of Statistics of the Ministry of Planning showed during his annual inflation for 2011 past by 6 percent compared with the previous year 2010. (more…)

Talabani, Maliki and Najafi agree to hold an expanded meeting next week

Posted: January 11, 2012 in Iraqi Dinar/Politics, Top Headlines
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Wednesday January 11, 2012

Baghdad / babysit – Heads of Jalal Talabani and Prime Minister Nuri al-Maliki and House of Representatives Osama Najafi, to hold an expanded meeting including members of the three parties during the next week in preparation for the National Conference.

And the transfer of a presidential statement by President Jalal Talabani, on the sidelines of his meeting with Prime Ministers Nouri al-Maliki and the House of Representatives Osama Najafi, last night, “The meeting discussed the joint effort to work to resolve outstanding problems and the success of the upcoming meeting of political leaders that have agreed to resolve all outstanding problems.” (more…)

Talabani and al-Issawi agree on the selection of members of the Preparatory Committee of the National Conference next week

Posted: January 11, 2012 in Iraqi Dinar/Politics, Top Headlines
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Agreed by President Jalal Talabani, leader of the Iraqi List, Rafie al-Issawi, Wednesday, the selection of members of the Preparatory Committee of the National Conference early next week, while Talabani stressed the importance of overcoming obstacles to the success of the conference.

Talabani said in a statement issued by his office and received “Alsumaria News,” a copy of it, on the sidelines of his meeting with senior Iraqi List, Rafie al-Issawi, said they “agreed to hold a meeting at the beginning of next week to choose the members of the Preparatory Committee of the Conference,” stressing “the importance of that dialogue is the way to solve all problems. “

He called on the president that “make everyone work harder to overcome all obstacles to the success of the National Congress.” (more…)

United Nations is concerned about the situation in Iraq

Posted: January 11, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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11/01/2012 10:33
Erbil, January 11 (Rn) – The Special Envoy of the Secretary General of the United Nations in Iraq, the International Organization for concern about the current situation in Iraq.

Martin Kobler said in a press statement he made in Erbil, that “the United Nations is concerned about the current situation in Iraq,” calling on “the political parties and their leaders to find common points among them and resolve the current crisis in the country.”

The Kubler-to “welcome the international organization to hold the conference proposed national Iraqi political parties”, alluding to the “belief in the usefulness of the upcoming conference to find solutions.” (more…)

CBI Daily Currency Auction Jan 11, 2012: $252.2 million

Posted: January 11, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 11-JAN-2012. 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$) 252,251,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 252,251,000
Total offers for selling (US$) —–

ISX announced that trading volume for 2011 increased $900 billion dinars

Posted: January 11, 2012 in Iraqi Dinar/Politics
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Market announced the Iraq Stock Exchange, Wednesday, from trading in more than 490 billion shares worth internationalized reached more than 900 billion dinars over the past year 2011, noting that the market value of trading for the same year, four thousand and 930 dinars.

The executive director of the Iraq market for securities, Taha Ahmed Abdul Salam in an interview for “Alsumaria News”, “The market traded during last year’s 492 billion shares worth trading amounted to 941 billion dinars compared to 2010, which was traded by the 255 billion shares worth money of 400 billion dinars, an increase of 135 percent, “noting that” the number of traded companies also increased from 85 companies for the year 2010 to 87 companies for the year 2011. ” (more…)

Report on the American road to Iraq’s oil resources

Posted: January 11, 2012 in Iraqi Dinar/Politics
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Beirut, January 11, 2012 (AKnews) – considered an expert on U.S. foreign policy, Paul Mather “The report, prepared by journalist Jamil Tahir for energy companies in Iraq reminds us of one of the most important reasons why the United States to invade Iraq, where the oil is driven the larger the neo-conservatives. “

In a report published by the Institute, “Foreign Policy Fox,” American Research, pointed Mater that “the oil form part of the discussion concerning the imposition of sanctions on Iraqi President Saddam Hussein, where some felt that the latter will be funded terrorist organizations from oil revenues, which will inevitably move the Iraqi economy “.

He emphasized that “the promotion of these reasons, began long ago through ambiguous statements in the corridors of multinational corporations, and institutions of thought and public opinion.” (more…)

Maliki: Iraqi leaders a message to the U.S. administration encouraged McCain to intervene in the Iraqi issue

Posted: January 11, 2012 in Iraqi Dinar/Politics
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Considered the State of Law Coalition led by Prime Minister Nuri al-Maliki, Wednesday, that the message sent by the leaders of the Iraqi List, the U.S. administration that encouraged U.S. Senator John McCain for his remarks that most likely the collapse of the Iraqi government and the disintegration of the country into three countries, while noting that the proliferation of militias and squads death in the country at the time and the presence of U.S. troops was more than now.

The leader of the coalition, Yassin Majeed said in an interview for “Alsumaria News”, “the letter addressed to the leaders of the Iraqi List, the U.S. administration that encouraged U.S. Senator John McCain to intervene in Iraqi affairs,” adding that “McCain is trying to cover up the failure in the elections Former U.S. presidential Through these statements. “

The U.S. Senator and Republican candidate John McCain was likely, on Tuesday (January 10 now), the collapse of the Iraqi government and the disintegration of Iraq into three different countries, pointing to the proliferation of militias and death squads in the country and the growing tension between the Kurdish areas and the rest of Iraq amid an “escape” Iraqi Vice President to Erbil. (more…)

Senator McCain: Iraq is on the verge of collapse; Could result in the formation of three different countries

Posted: January 11, 2012 in Iraqi Dinar/Politics
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U.S. senator is likely to “collapse” of the Maliki government and the disintegration of Iraq into three states

was likely a member of the U.S. Senate, Senator John McCain, on Tuesday, the collapse of the government of Prime Minister Nuri al-Maliki and the disintegration of Iraq into three different countries, stressing that the proliferation of militias and death squads in the country and the escalation of tensions between the Kurdish areas and the rest of Iraq and the “escape” the Vice President Iraqi Irbil evidence of the disintegration of the country.

He said U.S. Senator John McCain during a televised debate, said that “Iraq is fragmented, threatening the lives of thousands of American civilians working in the country,” likely to “witness the disintegration of Iraq, which could eventually lead to the formation of three different countries within it. ” He said McCain, a [former] presidential candidate for the Republican Party, that “those American civilians who numbered 15 thousand are not safe,” noting that the United States “may be forced to withdraw them in the event of the collapse of the security situation in Iraq and the rule of chaos in which . ” (more…)

Erbil most desirable city for foreign investment: survey

Posted: January 11, 2012 in Iraqi Dinar/Politics
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ERBIL, Jan. 11 (AKnews) – Erbil Governorate is the most desired destination for foreign investment in 2011 with over $1 billion USD (1.1 trillion IQD) channeled into Kurdistan Region in 2011.

Erbil Governorate received the lion’s share, $1.26 billion USD (1.5 trillion IQD). That is about 57% of the $2.18 billion USD (2.5 trillion IQD) foreign money sloshing about the region according to a survey by Kurdistan Region’s Investment Board.

The remaining two governorates of Kurdistan Region, Sulaimaniyah and Duhok, each attracted $563 million USD (657 billion IQD) and $457 million USD (534 billion IQD) in foreign investments respectively. (more…)

Iraq participates in the Conference of Arab Businessmen and Chinese

Posted: January 11, 2012 in Iraqi Dinar/Politics
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11/01/2012

Meetings of the Committee for Cooperation with the UAE to start mid-month

Iraq participates in the work of the Conference of Arab Businessmen and Chinese to be held in the emirate of Sharjah next week, while meetings begin the eighth session of the Joint Committee of the Iraqi Arab Emirates in Abu Dhabi mid-month.

Confirmed by the Information Office of the Ministry of Commerce, explaining in a press statement that Iraq will participate in the conference with a delegation led by Minister of Trade, Dr. Khairallah Hassan Babiker and includes representatives from the ministries of industry, agriculture, planning, tourism, science and technology. He said the conference is to translate the idea of ​​activating the experiences and benefits of economic integration between countries Arab and China into practice, especially after finishing the Chinese economy prestige internationally and who has the benefits of management, technical and industrial foundation of good human resources, noting that the fourth session of the conference, which begins its work on 18 this month and last two days, aimed at pursuing the objectives of the courses the previous three, and discuss new developments, and develop solutions, and promote the Arab economic relations – China towards the desired goal. (more…)

Advisor: Vietnam dong could weaken by up to 6 pct this yr

Posted: January 11, 2012 in Asian Currency Markets
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JANUARY 9, 2012

VietFinanceNews.com – Vietnam’s currency, the dong , could lose 5-6 percent of its value against the dollar this year, a government advisory agency predicted on Monday.

The dong has suffered since 2008, pummelled by volatile inflation, a persistent trade deficit and low foreign exchange reserves. Annual depreciation of up to 6 percent could be seen as a “positive result”, the National Financial Supervisory Commission said in a report.

During 2011, the central bank lowered the dong’s midpoint rate by 9.1 percent, including an 8.5 percent one-off devaluation in February. Currently, the currency is allowed to trade around that rate in a band of 1 percent on either side. (more…)