Archive for February 18, 2012

Parliament Economic Committee: Process to start removing zeros from the currency in September

Posted: February 18, 2012 in Iraqi Dinar/Politics

Iraqi currency, MONEY, ParaBaghdad, February 18 (Rn) – The parliamentary economic committee, Saturday, in agreement with the Iraqi Central Bank to begin the process of removing zeros from the local currency in September next.

The central bank announced earlier that he is considering the requirements of the project to delete the zeros of the local currency with the Council of Ministers in terms of need process for the enactment of the organized or not.

A member of the Economic Commission Abdul-Hussein Abtan told the Kurdish news agency (Rn) that “the Economic Commission agreed with the Central Bank to begin the process of changing the local currency in September next.”

He added that “the agreement granting process to ensure the currency switch for a full year that the two currencies are traded the old and new in the market during this stage.”

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Iraqi parliament lifted its second reading after a general amnesty and further discuss the budget

Posted: February 18, 2012 in Iraqi Dinar/Politics

Baghdad, February 18 (Rn) – Raising the head of the House of Representatives Osama Najafi session twenty-first session, which was Saturday in the presence of 176 deputies, after the completion of the first reading and the second for 8 bills, while hosted the President of Supreme Audit Abdul Basit Turki, and a number of specialists to discuss the federal budget for 2012 and Accounts Final in 2009. And proceeded to second reading of the amnesty law.

The MP for the Foreign Relations Committee, Safiya al-Suhail told the Kurdish news agency (Rn), “ended the House of Representatives first reading of a bill accession of the Republic of Iraq to the agreement between the League of Arab States and the Government of the United Mexican States to set up a fund Mexican International Cooperation for Development in 2006 and submitted by the committees of the relations Foreign Affairs and Economy and Investment.,

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Central Bureau of Statistics confirms 12% unemployment rate in Iraq

Posted: February 18, 2012 in Iraqi Dinar/Politics
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Baghdad, February 18 (Rn) – The Central Bureau of Statistics of the Ministry of Planning, said on Saturday that the unemployment rates for the year 2012 witnessed a decline compared to the latest figures announced in 2008, pointing out that the ratios show that unemployment has become 12% instead of 15 %.

He said the head of the Mahdi Keywords told the Kurdish news agency (Rn) that the unemployment rate has been a “decline” Whether simple or significant but in the country abounds in natural resources and economic potential are assumed to be the unemployment rate is very low. (more…)

National Alliance MP: National meeting will be held before the Arab summit

Posted: February 18, 2012 in Iraqi Dinar/Politics
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On: Saturday 02/18/2012 13:35

Baghdad (news) .. suggested MP / National Alliance / Fadhili faith in the national meeting before the Arab Summit, stressing at the same time the need to resolve political issues prior to the last.

Fadhli said in a statement (of the Agency news) on Saturday: on the political blocs, including resolving the outstanding issues before the Arab summit and leave the personal interests to be able to consolidate its position towards projects that would be discussed at this summit (more…)

Iraqi Stock Exchange announces circulation of more than 41 billion dinars during the last month

Posted: February 18, 2012 in Iraqi Dinar/Politics
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Declared the Iraqi market for securities, Saturday, from trading in more than 24 billion shares traded amounted to a value of more than 41 billion dinars during the month of January and an average of five sessions per week.

And trading of the market during the month of January 24 billion and 473 million shares worth trading reached 41 billion and 186 million dinars, the equivalent of $ 34 million a session low by 32.4 percent from last December, while the number of companies traded 59 companies out of 87 companies listed electronically in the market. (more…)

State of Law MP: World Bank told the government the existence of an imbalance in the budget 2012

Posted: February 18, 2012 in Iraqi Dinar/Politics
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Saturday, February 18, 2012 13:59

Baghdad {: News} Euphrates MP for the State of Law coalition Riad Ghraib, the World Bank told the Iraqi government, the existence of a clear imbalance in the financial budget for the current year related to the size of the operational budget.

The stranger told the News} {Euphrates on Saturday that “the Bank is one clear flaw in the federal budget to Iraq this year, told the Iraqi side that includes the operating budget is 75% of the amount the consumer.”

He added that “except it is the amount of investment while you should take the amounts listed in a recipe amounts of investment by large considering that Iraq is a developing country requires large allocations for reconstruction and investment so that it can promote its economy local.” (more…)

150 Foreign Companies Pursued over Oil-for-Food Program

Posted: February 18, 2012 in Iraqi Dinar/Politics
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Fadel Mohammed, legal adviser to Prime Minister Nouri al-Maliki, has said that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the UN’s Oil-for-Food program.

AKnews reports that the government is determined to bring these companies to justice, adding that there are several other companies under investigation.

The Oil-for-Food Program was instituted to relieve the suffering of civilians as the result of the UN sanctions on Iraq following Iraq’s invasion of Kuwait in August 1990. (more…)

Parliament Finance Committee: Approval to increase budget allocations for all other than the required percentages

Posted: February 18, 2012 in Iraqi Dinar/Politics
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SATURDAY, FEBRUARY 18, 2012

revealed the parliamentary finance committee, on Saturday, that all requests for increased allocations will be included in the budget at rates less than required, emphasizing the continuing adjustments and transfers on the bill this year’s budget.

A member of the Finance Committee Najiba Najib in an interview with “Twilight News” that “there are a lot of requests for the allocation of money from the budget of which increase the salaries of retirees, and grades, and the network of social protection, and support for women, and to compensate victims of terrorism, and increase grades, and increasing specialization Ministry of Displacement and Migration, and many other applications. ” (more…)

Saladin Province says mo need to worry on the issue of counterfeiting in the province

Posted: February 18, 2012 in Iraqi Dinar/Politics
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Saladin February 18 (Rn) – reduced the Finance Committee and Administrative Council in Salahuddin province on Saturday, the size of the spread of counterfeit currency in the province and confined to banking offices, while affirming that they follow closely Thread to guard against any forms may occur.

And entered the Iraqi market in recent times large quantities of counterfeit currency into the category of 10 thousand dinars, which led to the reservation of many shopkeepers to handle them. (more…)

Maliki has yet to reach an agreement on candidates to fill defense and interior ministry posts

Posted: February 18, 2012 in Iraqi Dinar/Politics
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Maliki’s coalition deny nomination the names of the new defense and interior portfolios

Baghdad, February 18 (Rn) – denied the State of Law coalition led by Prime Minister Nuri al-Maliki on Saturday, introducing new candidates to fill the posts of defense and interior, he did not reach an agreement between the political forces yet to name candidates for the two bags Alamnatin.

The MP said the coalition of state law, Hussein al-Asadi told the Kurdish news agency (Rn), “al-Maliki did not put any name from the names that appeared in the media recently to fill the posts of defense and interior, and it is still subject to the dialogue between the major powers. (more…)

National Alliance MP: We must resolve all dilemmas with the Arab summit held near

Posted: February 18, 2012 in Iraqi Dinar/Politics
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BAGHDAD between a member of the National Alliance MP Habib Terminal that the Iraqi political scene is witnessing an abnormal mobility not seen in the political arena by convening a national meeting that the next Ntmana be calm and realistic dialogue and see a solution to the political crisis.

He called Terminal in a statement singled out by the news agency of public opinion on Saturday to resolve all the problems in delivering the national and private and we are facing benefits and achievements of the great, including the full national sovereignty that have been made after the departure of the U.S. occupation and then the Arab Summit which requires Iraq harmony and unity He stressed the need for the results of this summit, in line with Iraq’s historic site in the Arab and regional levels

http://bit.ly/Ana85W

GOI warns further delays in approval of 2012 budget could push approval until end of February

Posted: February 18, 2012 in Iraqi Dinar/Politics
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The Iraqi government warns of the continued delay in approving the budget until the end of the month

Baghdad, February 18 (Rn) – warned the Iraqi government continued to disable approval of the budget in 2012 emphasizing the need for parties agreed during the current month.

The value of the budget in 2012 that approved by the government in the 5 of December / Dissembrmen last year, $ 100 billion, and a deficit of up to $ 13.5 billion, and focused on the energy sector and the oil phase of the first, and then the security sector, and then the education sector, education and health. (more…)

Iraqi Parliament convenes today

Posted: February 18, 2012 in Iraqi Dinar/Politics
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The Council of Representatives, Saturday, its the 21 in the presence of 230 deputies, with parliamentary source that the meeting will see the first reading of the three bills and the second of five other bills, as well as hosting the President of Supreme Audit to be discussed on the general budget for the current year rather than the Finance Minister Rafie al-Issawi .

The source said in an interview for “Alsumaria News”, “Iraqi Council of Representatives held today, its the 21 under the chairmanship of President of the Council Osama Najafi and the presence of 230 deputies,” noting that “the session will see the first reading of a bill accession of the Republic of Iraq to the agreement between the League of Arab States and the Government of the United Mexican States for the establishment of the Mexican Fund for International Cooperation for Development in 2006 and a draft law on Iraq’s accession to the Convention on the Settlement of Investment Disputes between States and Nationals of other States, and a bill to extend the service of judges. ” (more…)

Member of the parliamentary economic committee: Supposed to know fate of the exchange 7 trillion dinars before the vote on the budget

Posted: February 18, 2012 in Iraqi Dinar/Politics
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Saturday, February 18, 2012 14:03

Student member of the parliamentary economic committee to be Qusay Ebadi closing statements for previous years Mozna ready before approving the financial for the current year as well as learn the fate of [7] JD trillion spent by the Presidency of the Council of Ministers of the budget in 2011.

The servants told all of Iraq [where] today, “is supposed to form an investigative committee to determine the fate [7] trillion dinars and how it was spent and will be investigated without collecting signatures for members of Parliament.” (more…)