Posts Tagged ‘United States Department of the Treasury’

Expert: “terms of reference” agreement with the US Treasury Department will support the country’s financial sector

Posted: April 6, 2013 in Iraqi Dinar/Politics
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Baghdad (newsletter). The financial expert said Osama Al-anbari, the implementing Convention on the ‘ terms of reference ‘ signed between the Iraqi Ministry of finance and the Treasury Department will have a positive role in the development of the financial sector in the country, using sophisticated machines specialising in financial systems.

He said Al-anbari (News Agency): the Convention reference would provide substantive and logistical support to the Ministry of finance to facilitate their work through the use of more sophisticated systems from which to dispense with paper manual work in the Ministry, as stipulated in the Convention. (more…)

Iraq Ministry of Finance calls on U.S. Treasury Department (OTA) for a review of the (TOR) Convention

Posted: April 5, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-04-05 at 1.17.39 PMPublished on Friday, 05 April / April 2013 09:30

Called on the Ministry of Finance, on Friday, the Office of Technical Assistance ( OTA) Of the U.S. Department of the Treasury to submit a comprehensive report includes a complete review of all activities carried out by the team emerged from the office on the terms of reference agreement signed between the Iraqi Ministry of Finance and the U.S. Treasury.

The senior agent of the Ministry of Finance Fadel prophet for “obelisk” that “agreement terms of reference signed between the two countries include the provision of technical support and accounting and administrative Ministry,” adding that “the Convention is also Iraq to get financial advice in addition to sending trained specialists in economic affairs financial” . (more…)

US Treasury Department delegation showed readiness to support Iraq’s efforts to strengthen the financial and banking system

Posted: February 25, 2013 in Iraqi Dinar/Politics
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Date: 2013-02-25 19: 07: 50 Monday

Baghdad (newsletter).Search Cabinet Secretary Ali Mohsen Ismail on Monday with a delegation from the US Treasury Department, headed by Deputy Minister Mr. David Cohen and his entourage, ways to support the financial and banking system in Iraq and review Iraq’s efforts in combating money-laundering.

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United States has indicated their willingness to fully support Iraq to develop the financial expertise

Posted: July 17, 2012 in Iraqi Dinar/Politics
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17 July, 2012 12:26:00

Showed the U.S. Treasury Department is fully prepared to support Iraq to develop the financial expertise, and praised the progress made in Iraq in the financial field. (more…)

Iraq moves banking and tax problems for the U.S. Congress

Posted: June 17, 2012 in Iraqi Dinar/Politics
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17/06/2012

BAGHDAD / JD / .. Announced that the Finance Committee for its parliamentary transfer of banking and fiscal problems that has plagued Iraq to the U.S. Congress.

A member of the Committee and the representative of a coalition of state law Haitham Jubouri’s / JD / The “throw the last, which brought together the Commission with a delegation from the U.S. Treasury Department and the U.S. embassy in Baghdad discussed the problems of the banking system and taxation in Iraq, in addition to the multiplicity of revenues and implementation of Almoisma of Iraq.” (more…)

Iraq calls on the U.S. Treasury and the World Bank to support banking and financial sector

Posted: May 30, 2012 in Iraqi Dinar/Politics
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TUESDAY, MAY 29 / MAY 2012 16:29

called on the Federal Ministry of Finance, on Tuesday, the U.S. Treasury Department and the World Bank to support and to support the banking and financial sectors in Iraq.

The Finance Minister Rafie al-Issawi received U.S. ambassador to Iraq, ended its James Jeffrey and a number of accompanying him in the U.S. Treasury. (more…)

U.S. Treasury confirms its support for the development of banking and financial sector of Iraq

Posted: May 29, 2012 in Iraqi Dinar/Politics
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05/29/2012

BAGHDAD / JD / .. received the Iraqi Finance Minister Rafie al-Issawi ended its U.S. ambassador to Iraq, James Jeffrey, to discuss economic issues in addition to the current political situation. (more…)

Editorial:Drop 3 zeros from the dinar

Posted: December 12, 2011 in Iraqi Dinar/Politics
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By: Iraq

Stay tuned the biggest scam on the Iraqi people, the process of dropping three zeros from the Iraqi currency!!

Said that the U.S. Treasury Department to buy the Iraqi dinar at a rate of $ 150 million a day over the week and for the few months that preceded the withdrawal of U.S. forces, “declared” out of Iraq.

Goal is to save part of the U.S. economy deteriorating, and the process is a “recipe” on the backburner, underlying each of the “Chef” Biden and his aides! Case simply as follows: (more…)

Reference: The Currency Exchange Rate Oversight Reform Act of 2011

Posted: October 5, 2011 in Iraqi Dinar/Politics
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THE CURRENCY EXCHANGE RATE OVERSIGHT REFORM ACT OF 2011

Specifies Consequences for Countries that Fail to Eliminate Currency Misalignment and Provides Tools to Address Impact of Currency Misalignment of U.S. Industries

The Brown-Schumer-Graham-Snowe-Stabenow-Sessions-Casey-Burr Currency Exchange Rate Oversight Act of 2011 will reform and enhance oversight of currency exchange rates.

This strong, bipartisan bill combines the best elements of a Schumer-Graham bill that was passed by the Senate Finance Committee in 2007 and separate legislation introduced this year by Senators Brown and Snowe that passed the House of Representatives in 2010.

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Impact On GCC Most Pronounced In Banking And Petchem Sectors;All Indices Plunge As Mkts Open After Weekend

Posted: August 11, 2011 in GCC, Iraqi Dinar/Politics, US Economy
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KUWAIT CITY, Aug 10: Previously what was thought unthinkable happened. On 5 August 11 evening, Standard & Poor’s lowered the U.S. long-term rating by one level to AA+, while keeping the outlook at “negative” as the agency becomes less confident that Congress will end Bush-era tax cuts or tackle entitlements. S&P also said the U.S. rating may be reduced to AA within two years if spending reductions are lower than agreed to, interest rates rise or “new fiscal pressures” result in higher general government debt.

GCC & World Indices – Day 1 Impact
All the GCC indices retreated as the markets opened after their respective weekend. While TASI had a 5.5% fall on Saturday, a similar story was repeated for other GCC indices on Sunday when they opened with DFMGI falling by 3.7%, ADSMI and DSM falling by 2.5% each, Oman 1.9%, Kuwait 1.6% and Bahrain 0.3%. Ditto was the case with Asia, Europe and US markets when they opened on Monday.

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U.S. May Lose AAA Rating Even With a Debt Deal, BlackRock, Templeton Say

Posted: July 27, 2011 in US Economy
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BlackRock Inc., Loomis Sayles & Co. and Franklin Templeton Investments said the U.S. faces losing its top-level debt rating as officials struggle to raise the $14.3 trillion borrowing limit.

Investors are warning a cut is likely as President Barack Obama and House Speaker John Boehner argue over how to increase the debt ceiling, while also trying to curb borrowing. The government needs to boost the cap by Aug. 2 so it can keep paying its bills, according to the Treasury Department.

“Our guess is, when push comes to shove, the debt ceiling will be raised,” said Bob Doll, chief equity strategist at New York-based BlackRock, which manages $3.66 trillion. “What goes along with that is very difficult to tell, and that’s why the threat of a downgrade still exists,” Doll said in an interview today on Bloomberg Television’s “First Up.”

Read More: http://www.bloomberg.com/news/2011-07-27/u-s-may-lose-aaa-rating-even-with-a-debt-deal-blackrock-templeton-say.html

Trade Bank of Iraq (“TBI”): Final Results for the Year to 31 December, 2010

Posted: May 12, 2011 in Iraqi Dinar/Politics
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Published: Thursday, 12 May 2011 | 9:19 AM ET

BAGHDAD, May 12, 2011 /PRNewswire via COMTEX/ –

Commenting on the results, Mr. Hussein Al-Uzri, Chairman and President of TBI said: “I am proud of TBI’s financial results for 2010 and its return to record profits. Our business fundamentals are strong and our significant participation in the Iraqi economy puts us in a unique position to ride the wave of growth throughout the country. In addition, our internal reforms have prepared us to scale new heights.” Chairman’s Statement This performance was achieved despite a significant fall of $3.5 billion, or 31%, in LC volumes in 2010 and a $408m, or 37%, drop in LG volumes. TBI’s Investment & Treasury Department investment strategy and careful management of the Bank’s investible assets was a major driver in achieving record profits in 2010.

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Discuss ways of developing the banking sector and economic cooperation between Iraq and the United States

Posted: February 18, 2011 in Iraqi Dinar/Politics
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Research chief advisers in the Office of the Prime Minister Thamer Ghadhban with Deputy U.S. Treasury Department and Neil will not be in the presence of U.S. ambassador to Iraq, James Jeffrey, and a number of assistants and experts in the U.S. Treasury Department, along with a number of experts and advisors in the body, ways of cooperation joint technical in the field of economics and finance and energy.

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China could be forced to revalue currency

Posted: February 5, 2011 in Iraqi Dinar/Politics
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The Obama administration declined to name China a currency manipulator on Friday, even though it said the yuan was “substantially undervalued,” sparking fresh calls for legislative retaliation to try to reduce a swelling US trade deficit.

Treasury said China’s yuan should rise more quickly but said it lacked evidence to label Beijing a manipulator, a designation that could trigger trade action.

read more of the story: http://bit.ly/fyDGRT

Treasury Does not Call China currency manipulator

Posted: February 5, 2011 in Iraqi Dinar/Politics
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The Treasury Department on Friday refused again to label China a currency manipulator but stressed that it has will continue to press China to allow its currency to strengthen. In a long-awaited report,

Administration decides not to cite China for currency manipulation

Posted: February 4, 2011 in Iraqi Dinar/Politics
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The Obama administration on Friday declined to cite China for manipulating its currency to gain trade advantages against the United States.

The Treasury Department noted that China last June said it would begin allowing its currency to rise against the dollar. The agency said the pace of revaluation has been too slow since and more rapid appreciation is needed.

WSJ: U.S. Sees Shift in China’s Tone on Yuan

Posted: January 22, 2011 in Iraqi Dinar/Politics
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By IAN TALLEY, BOB DAVIS And JASON DEAN

WASHINGTON—U.S. officials, parsing every word that Chinese President Hu Jintao and his delegation uttered in a visit here this past week, said there were subtle signs they were preparing to let the yuan appreciate faster.

But the signs are purely linguistic and U.S. officials are watching to see whether the words are matched by action over the coming months. So far the Chinese currency has been appreciating, on average, about 0.5% a month against the dollar since mid-June when Beijing said it was adopting exchange-rate flexibility. The U.S. Treasury has signaled it is looking for appreciation at twice that rate.

read more: http://on.wsj.com/eHLnOL