Archive for February 6, 2012

BAGHDAD, Feb. 5 (AKnews) – The Iraqi government wishes to settle its issues with Kuwait through the implementation of investment projects for Kuwaiti companies in Iraq.

It is hoped that the initiative will convince Kuwait to help lift the UN’s Chapter 7 sanctions imposed on Iraq.

Maryam al-Rayes, an adviser to the Iraqi Prime Minister Nuri al-Maliki, said the PM will discuss the issue during his scheduled visit to Kuwait at the end of March. Plans for an earlier visit were postponed. (more…)

Date: Monday 02/06/2012 10:21

confirmed Adviser to the Prime Minister Mary Rais said the visit of Prime Minister Nuri al-Maliki to Kuwait would be to discuss the establishment of Port Mubarak of Kuwait and discuss the withdrawal of Iraq from Chapter VII, as well as bilateral agreements on the level of investment and trade exchange and the two sides agreed in principle to joint cooperation.

Said Rais in a statement to the extent yesterday that the Kuwaiti side sent an invitation back to the Iraqi government to visit Kuwait. (more…)

06/02/2012 12:50
BAGHDAD, Feb. 6 (AKnews) – Iraqiya List has ended its boycott of the Council of Ministers following party talks yesterday.

Iraqiya member Hamid al-Mutlaq said the party made the decision due to the goodwill of fellow political parties to resolve the ongoing disputes.

“The return of the President of the Republic to Iraq [Jalal Talabani] and adopting the convergence of views between the political parties encouraged us to take the decision,” said Mutlaq. (more…)

Euphrates News According to a member bloc Mohammed Allkash that the Ministry of Foreign Affairs assumes full responsibility remove Iraq from Chapter VII.

Allkash said in an interview with The News} {Euphrates on Monday that “the Foreign Minister’s demands to come to the House of Representatives to explain in detail where the application of laws arrived in Iraq and what are the laws that have not applied from the terms of Chapter VII.” (more…)

Baghdad, February 6 (Rn) – The Central Bank of Iraq that the sales of the dollar rose on Monday to $ 221 million versus $209 million in yesterday’s trading session.

The deputy governor of the Central Bank of the appearance of favor, told the Kurdish news agency (Rn) that “the central bank sales of dollar today reached to 221 million dollars.”

He added that “the problem of selling the difficult process owners need to adapt banking libraries with new mechanisms established by the Bank to prevent the smuggling of currency.” (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 6-FEB-2012. The results were as follows:

DETAILS NOTES
Number of banks 3
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 21,871,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 21,871,000
Total offers for selling (US$) —–

(news) likely financial expert, Abdul Hussein Ismail high exchange rate of the dinar against the U.S. dollar slightly in the coming period due to reduced selling the dollar at an auction the central bank and the increased demand for purchase by traders neighboring countries.

said Abdul-Hussein (of the Agency news) said on Monday: The Central Bank is controlled entirely on the phenomenon of withdrawal of the dollar through monetary policy the current support of the dinar and based on a solid base of the cash reserves of hard currency, especially since all banks operate under the control of the Central . (more…)

MONDAY, FEBRUARY 6, 2012

Raised the Iraqi request from the United States in cases where the application of international sanctions on Iran reactions between the circles of political, legal, considering that Iraq has business relationships and wide, whether governmental or private sector will be affected much by the commitment of Baghdad, the resolution of international, as it confirms official figures that the rate of trade up to $ 10 billion annually, an amount that comes in second place among the most trade with Iraq after Turkey.

And Rebecca are the international sanctions on Iran, one of the points critical to the Iraqi government, it is a matter of want to abide by any decision of an international return her position in the international community, and another door will be affected by Iraq economically from the sanctions, but the government found in the decision to exempt a diplomatic solution to shield the critical next . (more…)

Monday, February 6, 2012 13:26
Baghdad {: News} Euphrates raise its head to the House of Representatives on 14 this month due to lack of quorum

A source told the Council in the Euphrates {News} “The agenda for the meeting includes a vote today was to approve the appointment of members of the Federal Court discriminatory and discuss the draft law on the federal budget for the year 2012.”

The number of attendees, who scored in the record of attendance was 197 but the number of deputies present at the start of the meeting was 133, prompting deputies to adjourn the meeting.

http://bit.ly/yDds3O

2/6/2012

WASHINGTON, Feb 6 (KUNA) — President Barack Obama has ordered new US sanctions on the government of Iran, including the Central Bank, the White House announced on Monday.

In a statement accompanying his order, which was signed on Sunday, Obama said the sanctions were warranted because of the “deceptive practices” of the Central Bank and the “unacceptable risk” posed to the international financial system by Iran’s activities. (more…)

06/02/2012

The vote on the appointment of members of the Federal Court of discriminatory

Scheduled to discuss the House today the report of the Finance Committee on the draft general budget bill, according to the source of parliamentary »morning».

The source said that the parliament session today will be devoted to discuss the paragraphs of the budget for the Judicial Council and the report of the Finance Committee, in addition to the vote on the appointment of members of the Court of discriminatory federal. And The House of Representatives ended in the 18th meeting, held under the chairmanship of Osama al-Chairman of the Board of Representatives and the presence of 181 deputies, the first reading Five draft laws. (more…)

Date: Monday 02/06/2012 9:03

Baghdad (news) .. Description of the Central Bank of the case of the rise of the dollar as the air bubble is empty, which will be gone and can control them, pointing at the same time have the highest balance of reserves up to (60) Mllardolar.

Deputy Central Bank of the appearance of the benefit (of the Agency news) said on Sunday: The case of the rise of the dollar in recently obtained due to the weak local production and the withdrawal of foreign exchange through import materials and foreign goods. (more…)

Baghdad, February 6 (Rn) – A coalition of state law claim by Prime Minister Nuri al-Maliki, on Monday, the Prime Minister and the point of an invitation to the Minister of the Iraqi List, to end the boycott and return to the Council of Ministers, noting that there is an initiative of President Jalal Talabani to this subject.

The leader and deputy Shaker Darraji told the Kurdish news agency (Rn) that “the ministers of the Iraqi List, did not return to the cabinet until now and to the ministries,” adding that “this position depends on the ongoing negotiations between Iraq and the rule of law.” (more…)

Revealed the Iraqi List led by Iyad Allawi received messages she described as “positive” from Prime Minister Nuri al-Maliki, including his desire to serious in resolving the outstanding issues, particularly the application of agreements Erbil, partnership and balance in addition to the guarantees of the formation of the Council of strategic policies.

The leader of the list Dhafir al-Ani told the future Sunday that “al-Maliki met with three ministers of Iraq are the ministers of education, science and technology, agriculture, his request for talks on resolving the political crisis,” noting that “the meeting was successful and was discussed outstanding differences between the coalitions in all seriousness and candor and Minister for the sensed positive spirit of al-Maliki became clear through a statement his office, who welcomed the return of Iraqi MPs to the Council. ” (more…)

On: Sun 02/05/2012 19:34

The Central Bank of Iraq to the black market is the dominant economic transactions taking place in the country, in reference to find the application of the bank’s decision to disclose trading in hard currency.

The deputy governor of the Central Bank of appearance of Dr. Mohamed Saleh was quoted Baghdadi News that «it became clear that the black market is dominant on the Iraqi economy by virtue of economic transactions large taking place in the market», indicating that «when we asked the banks to bring instruments to find out who buys the dollar did not comes from sales of $ 300 million only three million dollars ». (more…)

Zaha Hadid joined H.E. Dr Sinan Al-Shabibi, Governor of the Central Bank of Iraq (CBI) at a ceremony to sign the agreement between the CBI and Zaha Hadid Architects (ZHA) for the design stages of the new CBI Headquarters building. The ceremony was hosted at the Victoria & Albert Museum by H.E. Dr Muhielddin Hussein Abdullah, Charges d’Affaires of the Iraqi Embassy.

(more…)

Iraq Program Overview

In partnership with the U.S. Department of State’s Bureau of Near Eastern Affairs, FSVC initiated a wide-ranging technical assistance program with the Central Bank of Iraq (CBI) in 2008. The program focuses on banking reform, modernizing the CBI’s operations, improving global counterparty relationships, institutional capacity building, and formulating monetary and economic policy responses.

Key Accomplishments (more…)