Archive for January 25, 2012

Editorial: Do you delete the zeros is the solution or create a new problem or an economic futility

Posted: January 25, 2012 in Iraqi Dinar/Politics

We do not know how came the idea to delete the zeros has not changed the currency to replace the word was the word to delete the zeros is less severe and resistant to change of a word to replace the coin.

That have proved their purchasing power and who is behind this absurd economic Sazelzel Iraqi currency after it saw the light and recovered it is an economic plan for foreign countries or domestic destinations purpose of which is their money laundering and curb runaway Iraqi dinar, which began publishing

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Iraqi MP: 2012 budget allocations did not monitor the conduct of the census population

Posted: January 25, 2012 in Iraqi Dinar/Politics
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Sulaimaniya, January 25 (Rn) – A member of the Finance Committee, House of Representatives of Iraq, Wednesday, void of the draft general budget of Iraq for the current year of any customizations for a general population census in the country, noting that it indicates a lack of government’s intention to conduct the census population during the current year.

According to Shoresh Haji, during a press conference held today in Sulaimaniya, said: “There are many observations on the draft general budget of Iraq for the current year”, pointing out that “the project was formulated according to the policy of the collection in the hands of the center as it was during the past years, which contradicts the federal system and the permanent Iraqi constitution. ” (more…)

World Bank calls for the involvement of private banks in the Implementation of government projects

Posted: January 25, 2012 in Iraqi Dinar/Politics
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Baghdad, January 25 (Rn) – The World Bank, private banks, able to carry out banking transactions with government institutions, stressing that the size of the capital funds of banks to Aadhar transactions, international banking.

He said Iraq expert at the World Bank Majid picture, told the Kurdish news agency (Rn ) that “the private banks Iraqi able to participate in the implementation of transactions with government official with the government banks.” (more…)

Iraq announces the final arrangements for the Arab summit to be held in Baghdad

Posted: January 25, 2012 in Iraqi Dinar/Politics
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Emblem of the League of Arab States

Government spokesman Ali al-Dabbagh said Monday will put the final arrangements for the Arab summit to be held in Baghdad next March.

 

Dabbagh said in a press conference on Tuesday after meeting in Cairo, Secretary General of the Arab League, Nabil el-Arabi, said they talked with the Secretary-General on convening the Arab Summit in Baghdad next March, indicating that the Arab summit is one of the first concerns of the government. (more…)

Kurds reveal GOI will withdraw current HCL draft law; Adopt 2007 draft for future discussion

Posted: January 25, 2012 in Iraqi Dinar/Politics
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Kurds reveal governmental request to withdraw the draft law of oil from the House of Representatives

25/01/2012 13:02

Baghdad, January 25 (Rn) – The Kurdistan Alliance in the Iraqi Council of Representatives, Wednesday, for possession of information that the federal government addressed the House of Representatives official letter to withdraw the draft law of oil and gas referred to in the earlier, explaining that the government will adopt a draft law oil and gas for the year 2007 as the basis for discussion.

And the recently strained relationship between Baghdad and Erbil, after he refused the draft Kurdistan Region Oil and Gas Law approved by the Iraqi government. (more…)

Parliamentary Finance Committee: Recover the proceeds of Iraq’s neighboring countries, a national necessity

Posted: January 25, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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Posted 24/01/2012 07:44 PM

Announced that the Finance Committee in the House it will recoup money from the neighboring countries of Iraq after hosting the Director General of the Ministry of Finance of the House of Representatives to take the necessary information from it. “

The Member of the Finance Committee in Najiba Najib told (people) that “the Finance Committee and staff will work to recover the funds from the State of Iraq ASAP.” (more…)

Adoption of the Fund Act to recover Iraq’s money

Posted: January 25, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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24/01/2012 05:41:00

Chamber of Deputies passed eight laws, notably provisions for nomination for President of the Republic and the Redemption Fund money Iraq and compensations and reward faculty members and education.

In the fifteenth meeting, held under the chairmanship of Osama Najafi, Chairman of the House of Representatives and the presence of 172 cast ballots yesterday, the House voted on the bill reward faculty members and educational submitted by the Committees of Education and Higher Education and Scientific Research, financial and legal order not to deprive a segment of faculty members and education referred to retire in the first half of the school year due to completion of the legal age for the purpose of including them in reward for those who are referred to retire in the second half of the school year. (more…)

Iraq is close to ending the file on the oil for food fund

Posted: January 25, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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25/01/2012 | (Voice of Iraq) – Baghdad – Naseer Goldfinch – Dar Al-Hayat instructed the Iraqi government, the Ministry of Finance and Central Bank of Iraq to liquidate one’s oil for food and medicine in the form completely, and prepare for the cap ends after the registration of commercial claims trade creditors, which was considered one adviser Cabinet Hassan Akif b «Almthinin for the chance to get out of Iraqi funds from the international protection of reserved».

and decided to Committee on Economic Affairs headed by Deputy Prime Minister Ruz Nuri Shawis and the membership of eight ministries and financial bodies Iraq, the demand of the Ministry of Finance in coordination with the Central Bank Iraqi regarding payments to companies for the value of contracts concluded under the memorandum of understanding (oil for food) and filtered once and the number six companies. (more…)

CBI: Closing the Strait of Hormuz will be reflected directly on the Iraqi economy

Posted: January 25, 2012 in Iraqi Dinar/Politics, Top Headlines
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25/01/2012 12:09:00

The independent Iraqi news agency / Baghdad / a. … M across the Central Bank of Iraq is concerned the likelihood of escalation of tensions in the Strait of Hormuz, stressing that the closure of the Straits will directly affect the national economy is no room for any economic maneuver to Iraq.

The deputy governor of Central Bank of Iraq appearance of Dr. Mohammed Saleh told the reporter (and independent Iraqi news agency) “he is worried about the implications of what he described as large on the Iraqi economy in the event of closing the Strait of Hormuz. (more…)

Kuwait ambassador to take up Baghdad post in February

Posted: January 25, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics
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January 25, 2012

Manama: Kuwait’s ambassador to Iraq said that he would move to Baghdad in early February.

“The embassy building has now been completed and the offices are ready,” Ali Al Moemen said. “I will leave with the team of four diplomats to Baghdad early next month to resume our work officially in the new premises,” he said, quoted by Arabic daily Al Watan on Wednesday. (more…)

OPEC: Oil bill (HCL) the government is contrary to the Constitution and the Federal Court rejected

Posted: January 25, 2012 in Iraqi Dinar/Politics, Top Headlines
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Disclosed to the Commission on oil and energy parliamentary Wednesday that OPEC and described the draft law of oil and gas provided by the federal government abuse of the Iraqi Constitution, and the Federal Court rejected if passed in the House, noting that the dispute is still ongoing between the Government of the Kurdistan Region and the federal government the bill.

The Iraqi government had announced last July, on the ratification of the draft law of oil and gas, and decided to submit them to Parliament for approval, while the Kurdistan Regional Government rejected that project. (more…)

Department of the private sector in the Ministry of Trade: extensive meetings with the private sector to discuss the implications and requirements of the next phase of economic

Posted: January 25, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Wed, 25/01/2012 13:46

Pagoda (news) .. The Department of the private sector in the Ministry of Commerce, held meetings and numerous meetings with the private sector to discuss the requirements and implications of the economic phase ahead and in the process of transformation into a totalitarian system and the trend towards economic openness through open market and support the private sector, in 2011.

A statement of the Department of sectors, private and got the (agency news) copies of it: part of these meetings the presence of Director General of the Department Sabah Aboud fourth meeting of the Iraqi Council of French Employers in Baghdad as a representative from the ministry to bless and reap the bilateral cooperation between the two countries at the level of industrial and commercial sectors of special add to attend as a member emeritus of Baghdad Chamber of Commerce to define the private sector endeavor of the Ministry of durable to support the private sector and at various levels and strengthen trade relations with the United States of America, especially among the private sectors in both countries and explain the implications of the economic phase ahead and develop the work and bring the views of benefiting from the American experience in this the side. (more…)

Parliament: Investment law has become the duty of the amendment .. and suggested the use of international organizations to facilitate the work of investors

Posted: January 25, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Wed, 25/01/2012 12:24

Baghdad (news) .. I suggest a member of the Finance Committee MP / coalition in Iraq / Ibrahim al-Mutlaq amend the law on investment by allowing to enter the international organizations for jurisdiction between the federal government and the investor in the event of disagreement between them.

Mutlaq said in a statement to the Agency (news) today Wednesday: The local and foreign investors are reluctant to invest in Iraq, there is no law protects them any sense when there is a dispute between the federal government and the investor no way out to resolve a radical of the dispute the fact that the party disputes and governance, including the federal government in that one, and the other party investor. (more…)

Maliki: Americans have no control on Iraqi Oil

Posted: January 25, 2012 in Iraqi Dinar/Politics, Top Headlines
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1/25/2012 10:51 AM

BAGHDAD / Aswat al-Iraq: Iraq’s Prime Minister Nouri al-Maliki has said on Tuesday that American Companies have no control on Iraqi Oil, rejecting the description of Iraq as a “cake,” shared by different forces inside and outside the country.

“American companies have no control over Iraq’s Oil,” Maliki said in an interview with al-Arabiya TV Satellite Channel on Tuesday, adding that “the licensing session for the investment of Iraqi oil fields had been transparent and clear, and the American companies had failed to get more than one contract, sharing it with other companies.”

http://bit.ly/AcUfIv

Iraq Oil Income Jumped by 60% in 2011

Posted: January 25, 2012 in Iraqi Dinar/Politics, Top Headlines
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Increased volumes and the higher price of crude oil pushed Iraq’s income from oil sales up by nearly 60 percent in 2011 compared to the previous year, according to AFP.

Oil ministry figures published on Monday showed that total exports of oil increased 15 percent to 790.5 million barrels of oil, or an average of around 2.17 million barrels per day (bpd), compared to 689.9 million barrels in 2010.

Prices rose by around a third, bringing in revenue of $82.988 billion in 2011, versus $52.2 billion the previous year. (more…)

CBI Daily Currency Auction Jan 25 2012: $202 million (even)

Posted: January 25, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 25-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$) 202,000,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 202,000,000
Total offers for selling (US$) —–

Iraq Finance Ministry T Bill Auction: Jan 23 2012

Posted: January 25, 2012 in Iraqi Dinar/Politics
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Auction number HY36 of government debt securities was a uniform price auction for IQD 100,000,000,000 par value of bills which  concluded on 23-01-2012.

Total public  IQD 241,000,000,000 Valid competitive bids totaled IQD 240,500,000,000 and valid non competitive bids totaled IQD 500,000,000 and The cut off yield (the highest yield of a successful bidder) determined by auction was 7.50%. (more…)

Deputy for Iraq List: the current crisis will be resolved through political deals

Posted: January 25, 2012 in Iraqi Dinar/Politics
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On: Wed, 25/01/2012 15:32

Baghdad (news) .. most likely leader of the list of renewal MP / coalition in Iraq / Jamal al-Kilani, to resolve the current political crisis through political deals, both before the National Conference or through it.

said Kilani said in a statement (of the Agency news) on Wednesday: The exit of the crisis in the political process through consultation of the political blocs among themselves, especially the leaders of the blocks, Mrahja solution to the crisis, including the issue of the Deputy Prime Minister Saleh al-Mutlaq through political deals take place between the blocks, either before the National Conference or through it. (more…)

National Alliance meet early next February .. Iraqi List and decided to attend the voting session on the budget

Posted: January 25, 2012 in Iraqi Dinar/Politics
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25/01/2012

In place of the National Alliance expanded meeting early next February to discuss the latest political developments, the Iraqi List, the presence of session of the Parliament to vote on the budget.

The MP said the coalition of state law, Abdul Salam al-Maliki said “the National Alliance held a lengthy meeting at the home of President Ibrahim Jaafari on the fourth of the month next in the presence of Prime Minister Nuri al-Maliki and leaders and members of the coalition. “He said the Attorney-Maliki in a press statement that” the meeting will discuss the budget law and the current political situation and the law of amnesty and will also arrange the papers and find political solutions to the current disagreement and convergence of views with the other blocs, outside the coalition. ” (more…)

Iraq is working to limit the ration card to 2.5 million people

Posted: January 25, 2012 in Iraqi Dinar/Politics
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Baghdad, January 25 (Rn) – The Parliamentary Committee on Economics on Wednesday it has developed a plan to determine the number of Iraqis who actually needs the ration card items, stressing that the plan expires in 2015 and seeks to reduce the number of beneficiaries to 2.5 million people.

And Chairman of the Parliamentary Commission of Economy Ahmed al-Alwani told the Kurdish news agency (Rn) that “the parliamentary Economic Committee has developed an action plan with the government to deliver the number of beneficiaries of the ration card items to two and a half million.” (more…)

Trade Bank of Iraq announced a profit of $475 billion dinars for 2011

Posted: January 25, 2012 in Iraqi Dinar/Politics
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2012-01-25 12:43:13

BAGHDAD (Iba) … bank said the Iraqi Trade Ministry of Finance’s, Tuesday, for a profit of $ 475 billion dinars in 2011 the past, while between that recovered already 50 Palmiah of debt distressed, he seeks to develop its work and provide new banking services to its customers .

The bank said in a statement that the total profits earned in the year 2011 reached the last 475 billion dinars, of which 237 billion during the second half of it, pointing out that he is seeking to restructure the organization to keep pace with development work, including the banking and reflect positively on his work. (more…)

$68,000 USD counterfeit bills seized in Diwaniya

Posted: January 25, 2012 in Iraqi Dinar/Politics
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1/25/2012 2:46 PM

DIWANIYA / Aswat al-Iraq: Police in Diwaniya have discovered 68,000 US dollars in counterfeit currency and over 32,000 drug pills in a security operation in a village of southern Iraq’s Diwaniya city, Diwaniya’s police commander said on Tuesday.

“The Anti-Crime Forces in Diwaniya have arrested a dealer in foreign currency, with 68,000 counterfeit US dollars in his possession in central Diwaniya on Tuesday,” Lt- Brigadier, Majid al-Zuheiry, told Aswat al-Iraq news agency. (more…)