Posts Tagged ‘Iraq’

UNSC approves Secretary Generals plan for to release UN Trust Fund to GOI

Posted: May 22, 2013 in Iraqi Dinar/Politics
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23/05/2013 | 12:05 AM | Kuwait News

UNITED NATIONS, May 22 (KUNA) ­ The Security Council approved Secretary ­General’s proposal to conclude an agreement with Iraq in order to transfer the Kuwaiti funds contained in a UN Trust Fund to the Iraqi Government so that it distributes appropriate amounts on the Iraqi private citizens who remained on Kuwaiti territory following the demarcation of the international boundary between Iraq and Kuwait.

Ban had informed the Council in a letter that “given the Iraqi requests to transfer the funds and the fact that no objections were raised by the State of Kuwait, ­­ I intend to conclude an agreement with the Government of Iraq whereby the United Nations will transfer the funds contained in the Trust Fund, less applicable administrative costs, to the Government of Iraq.” He did not specify a date when the transfer will take place. (more…)

Iraq is negotiating with 159 countries to join the World Trade Organization (WTO)

Posted: May 22, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-22 at 11.37.03 AM05/22/2013 09:27
Ministry of Commerce announced that the Minister of Trade Khairallah Hassan Babiker will head the delegation negotiating for Iraq’s accession to the World Trade Organization membership includes representatives from relevant Iraqi ministries and private sector bodies to negotiate with the {159} member state of the WTO, which will be negotiated on files accomplished by Iraq in his career to join this organization.

According to the statement of the Information Office of the Ministry that “Iraq had fought two rounds of negotiations with the World Trade Organization discussed during which many of the files is now going to enter into a round of negotiating a third will be dedicated to file initial offer of goods which has been submitted to the organization after completing accomplished by the Iraqi side.”

(more…)

International Monetary Fund (IMF) confirms that the Iraqi economy still has a “weakness”

Posted: May 22, 2013 in Iraqi Dinar/Politics
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Editor: AJ, RS 05/22/2013 16:21

Urged the International Monetary Fund (IMF), on Wednesday, Iraq to “take remedial action in fiscal policy” to improve the levels of pension for citizens, and between the Iraqi economy “still suffers from weaknesses” represented “the small size of non-oil sector and high unemployment,” noting The Iraqi Central Bank reserves reached 70 billion), “the end of 2012.

A statement issued by the International Monetary Fund (IMF) in the quarterly report on developments in the economic and political situation in Iraq, briefed the (long-Presse), a copy of it, that “the executive body of the Fund, which prepared the report in accordance with the Article IV of the Fund with Iraqi officials, confirms that the Iraqi economy is still suffering from weakness, “and that” weaknesses, represented by the small size of the non-oil sector and high unemployment, and control of the public sector and the weakness of the business environment. ” (more…)

Finance Committee: Small committee formed to follow up the stability of the exchange rate of the dinar against the dollar

Posted: May 22, 2013 in Iraqi Dinar/Politics
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05/21/2013 03:39

Finance Committee announced the formation of a small committee to monitor the exchange rate of the Iraqi dinar against the dollar, stressing that the practical measures undertaken by the central bank last week led to address the problem gradually. (more…)

Zebari: We lost the United States as an honest broker of peace; Government has failed to rise above sectarian differences

Posted: May 22, 2013 in Iraqi Dinar/Politics
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WEDNESDAY, MAY 22 / MAY 2013 13:26

 

Foreign Minister Hoshyar Zebari, Wednesday, that the time of the rule of Iraq by the person or one sect “has gone”, the get the government part of the responsibility for the failure and deterioration of security, “the lack of trust” between politicians, pointed to the loss of the role of the United States as ” honest broker “between the parties.

 

Via Zebari told CNN, pursued the “Twilight News”, for fear “because of the increased size of the terrorist attacks, as well as an increase in sectarian tension,” adding that “the country really is not about to drift to the internal war or sectarian.” (more…)

CBI Daily Currency Auction Results for May 22, 2013

Posted: May 22, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 22-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 29
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 252,266,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 252,266,000
Total offers for selling (US$) —–

Exchange rates

Adoption of the Iraqi-Kuwaiti Navigation Convention After Legislative Recess; Kuwait PM to Visit During Next Term

Posted: May 21, 2013 in Iraqi Dinar/Politics
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05/20/2013 12:00 AM

Announced that the parliamentary Foreign Relations Committee to approve the orientation organized navigation agreement between Iraq and Kuwait after the legislative recess of Parliament, stressing the importance of this agreement in order to bring out the country from Chapter VII.

This comes at a time confirmed by the General Secretariat of the Council of Ministers that the Iraqi-Kuwaiti relations continues to improve. (more…)

Kuwait PM postpones visit to Iraq for technical reasons; Reasons pointed to breakdown of talks on some issues

Posted: May 20, 2013 in Iraqi Dinar/Politics
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Secretary General of the Council of Ministers: Kuwait PM postpones visit to Iraq for technical reasons; Reasons pointed to breakdown of talks

Screen Shot 2013-05-20 at 8.56.25 AMBAGHDAD – (AP) – An Iraqi official said that the postponement of the visit of Prime Minister Sheikh Jaber Al-Mubarak to Iraq comes to technical reasons.

He said on the Keywords of the Secretary General of the Council of Ministers in a press statement, “the postponement of the visit of Prime Minister of Kuwait Jaber Al-Mubarak planned to Baghdad for technical reasons and belonging to the question of technical and regulatory arrangements in relation to the agenda and the obligations of the prime ministers of the two countries.” (more…)

Negotiations still needed between Iraq, Kuwait regarding navigation channel

Posted: May 20, 2013 in Iraqi Dinar/Politics
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Foreign Parliament: Organize navigation with Kuwait comes out of Iraq from Chapter VII

Screen Shot 2013-05-20 at 8.52.27 AM05/20/2013 12:00 AM

Ezzat Foreign Relations Committee the reasons for postponement read Convention on the Regulation navigation between Iraq and Kuwait not to see some of Representatives, stressing the importance of this agreement in order to remove Iraq from Chapter VII.

and according to the agreement, the ships passing through this channel down their flags in both Iraq and Kuwait will not raise any flag, but if you raised the ship, science Kuwait when entering the Kuwaiti side, it follows that any legal consequences at the time. member of the Foreign Relations Committee, Imad John Yako explained that the Convention on the Regulation navigation in the Khawr Abd Allah came from the government to the House of Representatives and has been studied by the Committee on Foreign Relations. (more…)

UN’s Kobler and PM Maliki discuss Iraq’s departure from Chapter VII and solving the problem of the Mujahideen of Creation

Posted: May 20, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-20 at 8.45.15 AMTalks took place between the United Nations and Iraq, on Sunday, about the recent efforts directed from Chapter VII solving the problem of the presence of the “MKO” Iran on Iraqi territory.

A statement issued by the office of Prime Minister Nuri al-Maliki, informed the “News of Moscow” it, that “al-Maliki keep getting today, Martin Kobler, Representative of the Secretary-General of the United Nations in Iraq, and discussed with him during the meeting, various domestic issues. (more…)

Iraq delivers a range of property to Kuwait, Signs agreement in presence of UN rep

Posted: May 20, 2013 in Iraqi Dinar/Politics
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Screen Shot 2012-07-21 at 6.59.28 AMAnnounced the Iraqi Foreign Ministry on Sunday, that Iraq side handed over a group of Kuwaiti property and the Kuwaiti Ministry of Information.

 

The ministry statement said that the Commission on the National Archives Iraqi – Kuwaiti Joint competent follow-up file property of the State of Kuwait held its first joint last Wednesday, at the headquarters of the Ministry of Foreign Affairs of Kuwait in a series of meetings agreed that the two countries to be held on a regular basis, and during the meeting, handing the Kuwaiti side, a group of property The Kuwaiti Ministry of Information which is about Video tapes and a variety of books and photo albums as well as a kitchen or silver stamped Kuwait. (more…)

Minister of Commerce enter new negotiations on Iraq’s accession to the WTO

Posted: May 20, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-20 at 8.37.52 AM05/20/2013

BAGHDAD / JD / .. Ministry of Commerce announced for the entry and its minister in the new negotiations on Iraq’s accession to the World Trade Organization.

The ministry said in a statement received / JD / copy of it: that the Minister of Trade Khairallah Hassan Babiker will head the delegation negotiating for Iraq’s accession to the World Trade Organization membership includes representatives from relevant Iraqi ministries and private sector bodies to negotiate with the 159 member states of the WTO.

He explained: the files will be negotiating accomplished by Iraq as part of his career to join this organization. (more…)

The decline of the dinar; And for exchange .. Back to back

Posted: May 20, 2013 in Iraqi Dinar/Politics
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Adel Abdul-Mahdi – 05/20/2013 – 8:45 PM |

Increasing demand and overcrowding on the green paper. The gap between supply and demand can accommodate an impressive 60 months ago 70 million dollars a day .. Vetoldt a black market and سعران of the exchange difference of 8 10%.

This is troubling us back to the policies of inflation and multiple exchange rates. Fajlav dinars “ranked match xerox” which turned not worth the paper worth .. And unforeseen tax paid by the citizens as a result of “inflationary Version”, the new dinar coin turning “difficult” value increased (20%) and more against the U.S. dollar (2004, 2012) .. (more…)

Awadi: forming a Committee to study amendments to the investment law to suit the investment in Iraq

Posted: May 20, 2013 in Iraqi Dinar/Politics
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20-05-2013 07:45 AM

Babylon (newsletter). Member of block//Babel MP Awwad Al-Awadi, his suffering from many constraints work investment, announcing the formation of a Committee in the lower House to consider amendments to the investment law to actually venture in the country.

He said Awadi (News Agency): he visited the headquarters of Babylon to find investment impediments and obstacles to the work of the Commission, pointing out that there are many obstacles and impediments to the work and the advent of investment companies to keep their routine government services, which is a non-factor in encouraging investment. (more…)

Iraqi private bankers hold Ministry of Finance, CBI responsible for IQD decline; Banks and citizens threaten protests

Posted: May 17, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-17 at 9.58.05 AMEditor: BK, BS 15.5.2013 17:56

Download bankers and economies, on Wednesday, the Ministry of Finance and Central Bank of Iraq responsible for the decline and the reality of private banks, local, while accusing the latter encouragement of Arab Banks and Iran at the expense of Iraq, and threatened to organize a sit-If you do not amend the laws to their work, he saw an economic analyst, that “the current circumstances do not allowed to go towards investment banks because the banking culture “is still lacking.” (more…)

Economic Committee Member: Current issue with dinar is not natural; Blames poor monetary policy

Posted: May 17, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-02-16 at 12.22.47 PM11:56 17/05/2013Agencies -

A member of the parliamentary economic committee continued decline in the price of the Iraqi dinar against the U.S. dollar, “the issue is not natural.”

He said committee member Amer winner today that “the low price of the Iraqi dinar against the dollar issue of abnormal and might lie behind certain purposes.” (more…)

Iraq Commerce Meeting Discussed WTO Issues: Members Agree Iraq Needs WTO Membership; But Laws Need Amended

Posted: May 17, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-17 at 10.04.08 AMSpecialists emphasize the need for Iraq to join the World Trade Organization and businessmen: will not join even after fifty years if laws do not change

Author: TZ
Editor: AJ, RS 13/05/2013 20:04

Confirmed the deal with matters relating trade in the province of Diwaniyah on Monday, “Iraq’s need” to join the World Trade Organization, while confirmed by the Ministry of Commerce said joining the organization “will move the Iraqi economy,” “ruled out” businessmen the possibility of it on the ground until “after fifty years, “and attributed the cause to” the absence of legislation “in a position to put Iraq into the international system, demanding the cancellation of” the Ministry of Commerce. ” (more…)

IQD value rapidly deteriorates; 1220 to 1 USD…Now 1300 to 1 USD

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 2.06.16 PMTuesday, 14 May 2013 20:53 | | |

Baghdad (AIN) -The price of the US dollar in the local markets reached 1,300 Iraqi dinars, compared to 1220 dinars in mid-March and represents a significant reduction of the Iraqi dinar’s value since the two last years.

It is known that the official price of the USD until this day, according to the Central Bank of Iraq is IQD 1166 and that means that the value of the Iraqi dinar has reduced more than 11%.

According to representatives of All Iraq News Agency (AIN), this decline has led to increasing prices for a lot of goods in local markets and especially the imported ones. (more…)

Iraqi Integrity and Economic Committee discuss IQD’s rapid decline; Points part of the blame at GOI

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 1.55.11 PMCongress: Dinar setback for errors not far from the central government in the file
Range – 05/16/2013 – 10:23

He said deputies from the Integrity Committees and economic النيابيتين that measures suffered by the central bank and the former crew, led to a significant setback for the dinar against the dollar recently, as part of a package of measures is studied which led to a decline in the reputation of Iraq in front of the financial community in the world. (more…)

Shabibi ousted from CBI, IQD drops; Dinar at lowest level in two years

Posted: May 16, 2013 in Iraqi Dinar/Politics
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English: Governor of the Bank of Irak.

Observers: dip, Shabibi dinar missed and we fear the continued decline
THURSDAY, 16 MAY 2013 17: 07

Iraqi dinar is currently experiencing a decline in its value against the US dollar since the Government sacked the former head of the Central Bank, Sinan Al-Shabibi is raising concern among money and economy in particular.

And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to about 1,300 dinars after was stable from 1120, the highest rate of exchange-rate mechanism for the last two years. (more…)

Iraq takes step to make country lucrative to outside investment; Bill omitting taxes and fees up for approval in the house

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Inside of the Baghdad Convention Center, where...

05/16/2013 12:09
The Iraqi government said it had agreed on the draft exemption Iraq and foreign companies implementing investment projects from taxes and fees to encourage the movement of investment in the country.

The Iraqi environment is attractive to investors and capital owners wary of entering the market, despite the availability of opportunities Iraqi result of tensions security and poor services as well as the bureaucracy. (more…)

International companies intensify its activities within the Iraqi market

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 1.41.50 PM05/16/2013 06:50
Confirmed Ford and Lincoln that the Iraqi market has achieved higher growth rate in sales of Ford during the first quarter of this year by nearly 200 percent with the high demand for cars Taurus, Edge and Explorer and Expedition. Said Larry Bryan, Executive Director, Ford Middle East,

said: “There is no doubt that the sales for this year has seen the start of an extraordinary and powerful; The results we have achieved so far point to the success of the strategy Ford in Iraq and the countries of the region, which leads us to expand our business in these areas and one One Ford in achieving our goals., and we will continue to focus on business development in cooperation with our dealers, and strive to create models of high-quality sought by customers quotation Ford, Lincoln, includes creations and unique technologies add to the value (more…)

Biden’s plan for dividing Iraq

Posted: May 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-16 at 1.38.35 PMBiden on the road to project implementation!!.

16-05-2013 06:21 PM
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Committed the security agreement partners the political process signatories to the implementation of the final phase of occupation program, a federal application stage.

The fact that the position of the occupation was not clear in any case such as the visibility of the issue of federalism he declares at night and during the day he wants to sees a federally Iraq, and the leaders of the fundamental process required all know them completely, and they are the keepers of strictly implemented. In order rushes Iraq to the final phase of the planned decree also wants the U.S. occupation has كلت Obama administration Iraq dossier to Biden Republican Almtzin that has already been presented to Bush and Congress project to divide Iraq, and here he is today oversees the implementation itself has started its activities in practice heats the political situation in preparation for the division was distribution of roles on the partners of the political process as follows: (more…)

CBI Daily Currency Auction Results for May 16, 2013

Posted: May 16, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 16-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 27
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 231,188,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 231,188,000
Total offers for selling (US$) —–

Exchange rates

 

Iraq and Kuwait Foreign Ministers Discuss Successful Relations, Ending Chapter VII

Posted: May 15, 2013 in Iraqi Dinar/Politics
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Cropped image of Iraqi Foreign Minister Hoshya...

Two articles

Zibari, Kuwaiti Ambassador discuss positive progress in bilateral relations
Wednesday, 15 May 2013 15:40 | | |

Baghdad (AIN) -The Minister of Foreign Affairs, Hoshyar Zibari discussed with the Ambassador of Kuwait for Iraq, Ali Mohamed al-Mu’min, the constructive progress that was achieved through the mutual cooperation between both countries.

(more…)

Negotiations on Iraq’s accession to the WTO are going well; Expects to join in 2016

Posted: May 15, 2013 in Iraqi Dinar/Politics
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World Trade Organization

Ministry of Commerce revealed that “2016 will see the completion of the procedures for Iraq’s accession to the World Trade Organization (WTO)”.

The Director of the Department of Foreign Economic Relations and Trade Ministry Hashim Mohammed Hatem said “the negotiations with the World Trade Organization are going well to complete the conditions of accession to this international institution.” (more…)

CBI Daily Currency Auction Results for May 15, 2013

Posted: May 15, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 15-May-2013. The results were as follows:

DETAILS NOTES
Number of banks 28
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 161,159,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 161,159,000
Total offers for selling (US$) —–

Exchange rates

Editorial: The value of the Iraqi currency and structural economic imbalances

Posted: May 14, 2013 in Iraqi Dinar/Politics
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D. Kamal Al-Basri and harmful Sbahi professor

Iraqi Institute for Economic Reform

Article seeks to examine the value of the Iraqi currency fluctuations and interpretation of structural imbalances and weak governance vocabulary application and other behavioral factors. And concludes that the following factors may have led to increased demand for foreign currencies and shortage of supply: External political, and weak business environment, the economic and fiscal policy, and the lack of political and economic stability, and the weakness of the productive capacity of local, and that the improvement in the rate of per capita income of Iraq was a factor is the other, weak governance and the rule of law, and the decline of family remittances from abroad, and the growing presence of financial transfer companies and brokerage firms (parallel market), and the emergence of trade zones in border ports. (more…)

Economic Committee Member: high exchange rates of the dollar against the dinar currency behind the drain

Posted: May 14, 2013 in Iraqi Dinar/Politics
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12:10 05/14/2013attributed member of the parliamentary Finance Committee Haitham Jubouri reasons for the high exchange rates of the dollar against the Iraqi dinar currency to the drain by some private banks, which owns companies for the currency converter.

Jubouri said in a press statement that “price-fixing remittances equivalent to two to three times the real price example, if the price of Item five $ 5 it up in the hawala to $ 20 sold amount of the surplus is $ 15 to the black market and that is what is reflected on the currency dramatically” . (more…)

MP calls for quick action to halt the rise in the dollar against the Iraqi dinar

Posted: May 14, 2013 in Iraqi Dinar/Politics
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Baghdadi News – 05/13/2013

Baghdad / Baghdadi news / .. Student member of the citizen’s Parliamentary Bloc MP Abdul-Hussein Abtan, on Monday, the competent authorities to take swift action to halt the rise in the dollar exchange rate.

He Abtan During Matmrsahfa held the parliament building and the presence of / Baghdadi news /, that “the high exchange rate of the dollar against the Iraqi dinar during the current period, taking the burden on private citizens and low-income earners because most of the goods offered in the Iraqi market are imported.” (more…)

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