UNAMI Report Due March 22, 2012
UNSC Middle East Briefing AM/PM March 27, 2012
Arab League: Arab Summit Begins March 29, 2012
UNSC: Iraqi Oil for Food Report Die March 31, 2012
Archive for March 21, 2012
Calendar Update: March 2012
Posted: March 21, 2012 in Iraqi Dinar/PoliticsTags: Arab League, Arab people, Baghdad, Foreign minister, Iraq, kuwait, middle east, Oil-for-Food Programme
Reveal the intentions of raising the value of all Iraqi dinars to equal one dollar
Posted: March 21, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, exchange rate, Indian rupee, Iraq, iraqi, Iraqi dinar, London
On: Wednesday 03/21/2012 19:48
Baghdad: Naseer Ahmed
A source in the Iraqi Central Bank about four companies currently competing to win the draft printing the new Iraqi dinar, which will generate graceful after deleting three zeros from it, as Samay (source) central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuation Iraqi dinars, equivalent to one U.S. $ one.
The source continued that the Bank and after the Notice blockbuster to buy hard currency of the auction, which is supervised by the central, deliberately to sell the dollar worth less than the former by 3.4 points, with the imposition of conditions of purchase to prevent the exploitation of the market meet the demands of neighboring countries that suffer from sanctions economic and the devaluation of their national currencies, all of this to re-balance the domestic market, which saw and by what mentioned fluctuation fast in the price of the dinar, adding that everyone knows that the central bank managed to actually raise the value of the dinar is thoughtful and intelligent since 2003 until now that the price of the dollar equivalent to 240 dinars, but now the price tag rose to 1120 per dollar, and this is one of the most important tasks of the Central Bank, which is responsible for monetary policy in the country, and one of the most important endeavors is to raise the value of national currency to achieve a higher purchasing power for the Iraqi people. (more…)
Spring is advised to wait in Iraq’s accession to the WTO
Posted: March 21, 2012 in Iraqi Dinar/PoliticsOn: Wednesday 03/21/2012 16:00
Baghdad / WAP / advised the Minister of Labour Nassar al-Rubaie, Iraq’s accession to wait in the World Trade Organization.
He said in a statement today: “The necessity require the patient to join the World Trade Organization, but after a long period of time.”
He added: “The abolition of tariffs and customs of foreign goods and products will lead to flood the market with these products, what products would weaken the competition of the cheap foreign product and its quality.”
He noted that “We are suffering from high unemployment is high and the inability of the industrial sectors in the provision of employment and unemployment worsened significantly.”
Arab League: Iraq bombings will not affect the holding of the summit in Baghdad
Posted: March 21, 2012 in Iraqi Dinar/Politics21/03/2012 19:48
Cairo, March 21 / March (Rn) – Deputy Secretary-General of the Arab League Ambassador Ahmed Ben Helli said on Wednesday that a series of coordinated blasts struck Iraqi cities yesterday will not affect the Arab Summit in Baghdad for the period from 27 to 29 of this month.
And saw the governorates of Baghdad Salahaddin, Babil, Karbala and Kirkuk bombings simultaneous car bombings that killed dozens and wounded, mostly civilians. (more…)
Member of the Economic Committee: deterioration of the Syrian pound to the US dollar will deplete hard currency from Iraq
Posted: March 21, 2012 in Iraqi Dinar/PoliticsDate: Wednesday, 21-03-2012 12: 33 pm
Baghdad (newsletter) … Economic Committee member warned Deputy/Iraqi/coalition of draining albegari Noora hard currency from the country, as a result of the deterioration of the Syrian pound to the US dollar, will affect the rate of the Iraqi dinar international currencies.
She albegari (News Agency news) on Wednesday: the low exchange rate of the Syrian pound to the US dollar will lead to withdrawal of hard currency from domestic markets for Syria as happened recently when Iranian the Toman degradation before the US dollar, and this will affect the value of the currency in the Iraqi market and low price of the dinar against the dollar. (more…)
Commodity dumping in Iraq and the withdrawal of foreign currency
Posted: March 21, 2012 in Iraqi Dinar/Politics21-03-2012
Iraq is interchangeable Commodity dumping of various origins and degrees of quality, but is almost always bad because of the ease of trading goods cheap, as the cost affordable for everybody, but economic harm and substantial health and environmental. And indicates the economist Muhammad Hassan from Karbala Chamber of Commerce that most of the goods imported into Iraq is not subject to the import program controlled by the state.
According to Hassan, the imports have become mostly efforts individually purely by members suddenly became traders, without enough experience or academic study that qualifies them to play its due role in the development of the economy and contribute to the provision of essential needs of the individual with a minimum of damage to health and social development. (more…)
Iraq at the time of going to invest to meet the growing need and demand for services complain specialists in the banking sector of the legal restrictions hinder
Banks to perform the role required.Says Samir Nasiri, Advisor to the planning and follow-up in the Gulf Commercial Bank: Article 28 where a lot of the challenge that limits the actions and activities that are prohibited
Banks, including investment, participation, and many other aspects should not be locked in the banksAdds sword Hilfi, Deputy Managing Director of United Bank for Investment, saying: You must modify this article or gives the Central Bank of the broad powers and complete for all banks to enter into investment projects, including housing projects, especially as Iraq needs to 3 million housing units, so can not enter the foreign investor, this If projects did not change this article.
Economist: need to increase interest on bank deposits to encourage citizens to bid farewell to their money in banks
Posted: March 21, 2012 in Iraqi Dinar/PoliticsDate: Wednesday, 21-03-2012 01: 36 pm
Baghdad (newsletter) … The Economist called Ismail Radi need increase the value of the interest money deposited in banks to encourage citizens to bid farewell to their money and invest in projects that serve the country.
He said Radi (News Agency news) on Wednesday: it is necessary to take a bold decision by the monetary policy of the Central Bank to increase interest value of amounts deposited in the banks, for the purpose of paying farewell money wealth owners towards banks and invested in projects that serve the country like some countries in the world, noting the existence of significant funds frozen in some citizens without investment. (more…)
Member of the Committee on energy: no tentative agreement on adoption of the draft (2007) law of oil and gas
Posted: March 21, 2012 in Iraqi Dinar/PoliticsDate: Wednesday, 21-03-2012 10: 55 am
Baghdad (newsletter) … Denied Member Committee energy and oil change MP/block/Bayezid Hassan on reported a tentative agreement to pass draft law of oil and gas of the year (2007) to the House of representatives to vote on it, said differences still exist between parliamentary groups on all drafts prepared for this law.
Hassan said (News Agency news) on Wednesday: there is no agreement about passing drafts or proposals for law of oil and gas in particular draft year (2007) for the oil and gas Act and being circulated by some media, but differences still exist on certain paragraphs of the law by the parliamentary groups, and discussions are ongoing to resolve all differences. (more…)
Council of Ministers approved the full report on priorities for preparing the budget for next year
Posted: March 21, 2012 in Iraqi Dinar/Politics20/03/2012 – 14:51
Sumerian News / Baghdad
Was approved by the Minister of Iraq, Tuesday, the full report on priorities for the government to prepare the general budget for the coming year 2013, as decided to cancel his decision to lend to the Ministry of Industry $ 400 million for the establishment of power stations, confirmed the approval of the technical report of the Secretariat on the draft Highway No. 2, and the approval of a number of other laws. (more…)
House of Representatives reveals a 2012 budget amendment of the law
Posted: March 21, 2012 in Iraqi Dinar/PoliticsOn: Wednesday 21/3/2012 8:13
Baghdad / term
Detect the First Deputy Chairman of the House of Representatives Qusay al-Suhail of the existence of directed to amend the budget, with respect to the salaries of the province and district. Statement said Suhail received (range) a copy of it yesterday that he “received a delegation representing members of boards of districts and areas I’m not the provinces and in the presence of a number of deputies discuss with them the issue of stop salaries and problems that led to such a measure in addition to addressing the House of Representatives to this matter. ” (more…)
Iraqiya to withdraw its minister in 72 hours if Arbil agreement not implemented, MP
Posted: March 21, 2012 in Iraqi Dinar/PoliticsBAGHDAD / Aswat al-Iraq: Iraqiya bloc MP announced that the bloc decided to withdraw its ministers within 72 hours if the government did not implement Arbil agreement.
MP Talal al-Zoba’I told Aswat al-Iraq that his bloc insists on its demands for general amnesty, cancellation of Questioning and Justice Law, and stopping random arrests against the Iraqi people. (more…)
