Archive for February 20, 2012

Economic support of the parliamentary proceedings emphasize the central bank exchange rate

Posted: February 20, 2012 in Iraqi Dinar/Politics
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announced the Economic Commission parliamentary, on Monday, its full support to action the Iraqi Central Bank for supporting the exchange rate of the dinar and the dollar selling in the auction, as well as planned on the removal of three zeros from the local currency, as he emphasized the central bank that monetary policy is controlled them completely and the presence of cover enough of the local currency, and expected increased dealing in Iraqi dinars, which necessitates the need to delete the zeros of it.

Committee Chairman Ahmed al-Alwani, in a press conference held today, attended by “Alsumaria News”, on the sidelines of the host committee for the Iraqi Central Bank Governor Sinan Shabibi, and his deputy, and a group of owners Advanced Bank of relevant auction dollar, the presence of a group of MPs interested in, “The Committee supports the controls and mechanisms adopted by the Central Bank to deal with the auction the dollar and to maintain the exchange rate of the dinar and Iraq’s wealth in hard currency, as well as planned on the removal of three zeros from the local currency . ” (more…)

Removing zeros from Iraqi dinar, replace current banknotes with new ones to start in September

Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
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20/02/2012 10:15
BAGHDAD, Feb. 20 (AKnews) – The process of removing three zeros from the Iraqi dinar and replacing current banknotes with new ones will begin in September, announced the economic committee of the Council of Representatives as part of an agreement with the Iraqi Central Bank (ICB).

The announcement, which will see the ICB re-print 30tr dinars ($26bn), was made despite government fear over the project. (more…)

Banks follow the procedures; CBI to reduce the counterfeit currency…Start the process of deleting the zeros in September next

Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
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Announced that the Economic Commission for parliamentary [in] agreement with the Central Bank of Iraq to begin the process of removing zeros from the local currency in September.

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 said that «the Economic Commission agreed with the Central Bank to begin the process of changing the local currency in September next». (more…)

National Alliance and Energy Committee Member: Secret deal between Baghdad and Kurdistan to pass the oil and gas law

Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date: Monday 20/2/2012 9:22

Baghdad (news) .. A member of the Committee on Energy and Oil MP / National Alliance / Uday al-Awadi, the existence of a secret agreement between the federal government and the Kurdistan Regional Government on the establishment of oil and gas law to serve the reality of the oil of Kurdistan.

said Al-Awadi (of the Agency news) said on Monday: The objections submitted to the oil law and gas policy before they are technical, resulting in a foul and not approved by the House of Representatives, and is intended to benefit the party at the expense of the other. (more…)

Parliament decides to vote on the budget 2012 Monday next

Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
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announced the decision of the House of Representatives Muhammad Al-Khalidi, Monday, that the Parliament will vote during its meeting of 23 to be held next Monday, the Law on the financial budget for the year 2012.

said Muhammad Al-Khalidi in an interview for “Alsumaria News”, “the Presidency of the Parliament decided to determine the Session 23 of the second legislative term of the year the second legislative session next Monday, (27 February now), to vote on the law of the financial budget for the current year 2012. ” said Khalidi that “the decision came after the completion of the Finance Committee to discuss the budget law.” (more…)

Jubouri: the arrival of the final accounts of the years 2004 to 2009 .. and next Monday the ratification of the budget

Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date: Monday 20/02/2012 11:12

Baghdad (news) .. said a member of the Finance Committee in Parliament MP from / National Alliance / Haitham Jubouri the arrival of the final accounts of the years 2004 to 2009 government to parliament.

Jubouri said (of the Agency news) said on Monday: The House of Representatives received this morning the final accounts for the past five years, ie from 2004 to 2009, attributing the reason to delay it until they contain many of the advances of Finance. (more…)

Iraqi Ambassador to Kuwait: Kuwait Zebari visit next week to officially call for a summit Baghdad

Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
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19-02-2012

Plans and Foreign Minister Hoshyar Zebari visit Kuwait next week to provide the official invitation to attend the Arab Summit to be held next month in Baghdad.

Iraq’s ambassador to Kuwait, Mohammad Bahr al-Ulum said in a press statement that: “Zebari will arrive next week to deliver a formal invitation to the Emir of Kuwait, denying at the same time, Kuwait Declaration not to attend the summit or request to postpone the session until further notice.” (more…)

Nassif calls on Kuwait to deal with Maliki’s visit as a final opportunity to resolve the problems between the two sides one package

Posted: February 20, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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Date: Monday 20/02/2012 14:36

Baghdad (news) .. called MP / mass white / high Nassif, the Kuwaiti side to deal with Maliki’s visit as a historic opportunity last to resolve all outstanding problems between the two sides one package.

she said in a statement received by the Agency (news) said on Monday: on the side Kuwait to see in Maliki’s visit a positive message and a last chance to settle all outstanding issues between the two sides one package on the basis of common interests and links to neighboring, Arabism and Islam. (more…)

CBI appeals to Iraqi security forces to find those responsible for counterfeiting currency

Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
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Central Bank: The Iraq war is being subjected to international economic .. And on the security response
Date: Monday 20/02/2012 13:14

Baghdad (news) .. Appealed to the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, the security authorities to tackle the gangs that are forged Iraqi currency being a phenomenon that threatens the Iraqi economy is in danger.

Saleh said (of the Agency news) said on Monday: You know who you are rigging the Iraqi currency, whether they are gang specialists to fraud or there points of an external government is implementing the process within the Iraqi territory. (more…)

Shabibi to address reasons for the high value of the dollar against Iraqi dinar to the Parliaments Economic Committee will

Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
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Economic parliamentary hosts tomorrow’s central bank governor to find out the reasons for the high value of the dollar against Iraqi dinar
Sunday, February 19, 2012 20:08

Hosts the parliamentary Economic Committee tomorrow, Central Bank Governor Sinan Shabibi to find out the reasons for the high price of the dollar in recent times. (more…)

Confuse the counterfeit currency markets, banking in Diyala

Posted: February 20, 2012 in Iraqi Dinar/Politics
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Diyala, February 20 (AKnews) – The number of shop owners in Diyala banking concern about the spread of counterfeit currency in the domestic market and multiple categories, prompting some to non-trading department from them, which damaged a large trading markets in the province.

He and Sam Tai (45 years), the owner of one shop owners banking in Baquba, told the Kurdish news agency (Rn) that “the counterfeit currency is one of the categories (five thousand and ten thousand) only and it can be distinguished easily in case of audit detail well. (more…)

CBI Daily Currency Auction Feb 20 2012: $109.6 million

Posted: February 20, 2012 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 20-FEB-2012. The results were as follows:

DETAILS NOTES
Number of banks 17
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 109,692,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 109,692,000
Total offers for selling (US$)

Invite citizens to invest their money through banks profitable projects

Posted: February 20, 2012 in Iraqi Dinar/Politics
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20/02/2012

Billions of dollars they have frozen

D expect. Sami al-Araji said there are between billions of dollars frozen in citizens and non-invested and private Iraqi banks can benefit from them in case proceeded to a profitable investment, especially in the housing sector because of the urgent need for housing compared to demand it.

He said in a statement to the (morning) on the sidelines of the banks, which was sponsored by Trade Bank of Iraq recently: that these figures almost certain, and derived from sources and confirmed information also as president of the National Commission for Investment, expressed the readiness of the assistance in this area in order to activate the private banks on the one hand and resolve part of the housing crisis and to make profits for those who invest their money in this vital sector. (more…)

Representatives of the political blocs: a tentative agreement to resolve issues in accordance with the Constitution and the political consensus and legislative

Posted: February 20, 2012 in Iraqi Dinar/Politics
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On: Sun 02/19/2012 22:52

Baghdad (news) .. The whole of representatives of political groups in the preparatory meeting of the fourth national meeting, that meeting of the Committee, this evening, it was the most successful meetings.

said Vice President of the Republic Khudair Zai in a press conference held with representatives of the political blocs after the meeting was attended by reporter Agency (news) said on Sunday: The atmosphere during the meeting was positive and all the ideas, the representatives of the blocks close.

Khuzai said: We will work on these ideas, developed and elaborated to the paper to meet the national, and continued: Let me claiming it is the best sessions at the meetings, noting: that Iraq is on the verge of a political breakthrough, and on the steps nearly complete stability. (more…)

Kurdish President: Need to implement the Erbil Agreement

Posted: February 20, 2012 in Iraqi Dinar/Politics
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Barzani addresses Baghdad: you complete the agreements Erbil

20-02-2012

The President of the Kurdistan region, Massoud Barzani, yesterday, expressed the hope that the Conference would be held in the “lift the country out of its current crisis,” but he stressed the need to implement the “Baghdad” agreements Erbil, which formed the government, considering that many of those agreements “salute aside. “

This comes at a time of renewed declaration of the National Alliance abide Erbil, expressing his willingness to resolve all disputes with the Kurdistan region, including the file of Article 140 and the Peshmerga and the oil and gas law, and declined to urge the adoption of the Iraqi List, as a third to represent the audience in state institutions. (more…)

Arab League summit Baghdad will witness a great success

Posted: February 20, 2012 in Iraqi Dinar/Politics
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The present outlook at a time up in today Arab delegation technician to agree on the final touches to the summit. Said Assistant Secretary General of the University of Ahmed Ben Helli, “morning”: that “the Arab League is committed to the decision to convene the summit, also said that the Secretary-General of the League.”

Said Ben Costume, who visited Baghdad last month, that “Iraq is prepared fully prepared for the Arab summit and since last year, but the conditions experienced by some Arab countries last year prevented held in time and postponed to this year.” (more…)

Deputy for the citizen: Parliament will remain in session until the adoption of the federal budget

Posted: February 20, 2012 in Iraqi Dinar/Politics
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Sunday, February 19, 2012 15:38

MP on the mass of the citizens continued to inch the House of Representatives held its meetings until the completion of the approved budget for fiscal year 2012.

He said in a statement to all of Iraq [where] said Sunday that “the House of Representatives will continue to discuss the financial budget until next Thursday to be voted on without the usual leaves and gives its members scheduled for next Tuesday.” (more…)

Najib: We will reach final conclusions on the federal budget in the coming days

Posted: February 20, 2012 in Iraqi Dinar/Politics
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Sunday, February 19, 2012 16:27

Announced that the parliamentary finance committee member from the Kurdistan Alliance Najiba Najib that “will reach its final conclusions on the federal budget for the current year in the coming days.”

Najib said all of Iraq, told [Wayne] said Sunday that “the parliamentary Finance Committee continues and continues to study all proposals and objections and opinions by members of the House of Representatives on the financial budget and final statements for the years past.” (more…)

Deputy for Iraq: Economic policy, devoid of the compass .. and the poverty rate exceeds 24%

Posted: February 20, 2012 in Iraqi Dinar/Politics

Date: Monday 20/02/2012 11:50

Baghdad (news) .. MP said / the coalition in Iraq / Jamal Al-Kilani that economic policy in the country, devoid of the compass, planning, stressing that the poverty line exceeds the ratio of (24%) of the Iraqi society.

added Kilani (of the Agency news) said on Monday: there descriptions for the professionals in the economy is not in the world, but even in Iraq that the economic policy of Iraq is undergoing a sharp and it devoid of the compass as it has completed an entire class of society and the middle class. (more…)

Iraqi Parliament convenes today

Posted: February 20, 2012 in Iraqi Dinar/Politics
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The Council of Representatives, Thursday, its the 22, headed by Speaker Osama Najafi and the presence of deputies, as parliamentary source that the meeting will see the first and second readings of six draft laws including the Law on preventing the importation of games that incites violence.

source said in an interview for “Sumerian News “,” House of Representatives held its the 22 of the second legislative term of the year the second legislative under the chairmanship of the House of Representatives Osama Najafi and his two deputies, and the presence of 245 deputies, “noting that” the meeting will see the first reading of the bill the Medico-Legal and second reading of the draft law on ratification of the Republic of Iraq to the Convention against the Taking of Hostages. ” (more…)

Senior delegation from the Arab League to visit Baghdad Monday to discuss preparations for the Arab summit

Posted: February 20, 2012 in Iraqi Dinar/Politics
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Sunday, February 19, 2012 18:25

The high-level delegation from the Secretariat of the Arab League, headed by Ambassador Samir Seif Alezn visited Baghdad to find out the last administrative arrangements, technical and organizational to hold the Arab summit twenty-third to be held in Baghdad in the last week of next month.

According to an official statement issued by the Arab League, the Agency has received all of Iraq [where] a copy of it today, Sunday, “The delegation will visit Baghdad on Monday to complete the consultation with the Iraqi authorities about the ongoing preparations for holding the Arab summit, where the delegation includes both the Ambassador Samir Seif Alazel Assistant Secretary-General Head of Financial Control and Ambassador Mohammed Alkhmlishe Assistant Secretary-General, head of the Information and Communication and a number of officials of the Secretariat of all sectors involved in logistics preparations for the summit to discuss with their Iraqi counterparts about the arrangements. ” (more…)