Morning LINK
Afternoon LINK
Monday, August 29, 2011
CENTRAL BANK TO POLITICIANS-QUIT DELAYING OUR PROJECT CBI LASHES OUT, SAYS GET OUT OF OUR WAY
29/08/2011 13:53
Baghdad / Orr News
Central Bank Accused of Sabotaging the Political Forces of the Iraqi Economy
The Central Bank of Iraq and the existence of a hidden political forces did not identify to sabotage the economic reality and delay the project to delete the three zeroes. The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that "political forces behind the sabotage and delay the advancement of the economic reality of Iraq and the project to delete the three zeroes." He added that the "delay the project to delete the three zeroes from the Iraqi currency is very wrong and should speed up the process to delete the zeros for the advancement of the economic reality of Iraq." He continued that "if the Iraqi economy was modified after 10 years, it does not come to the welfare of the people and send a picture of despair in the soul of every Iraqi. "
He was economic adviser to the Iraqi government Abdul Hussein Al-Anbuge has revealed to the media, local, of the existence of mafias are trying to breach the local currency during the project restructuring carried out by the CBI. The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector. The Central Bank of Iraq on 22 June he had decided to restructure the local currency in order to the development of the payments system in the country.
LINK
Baghdad / Orr News
Central Bank Accused of Sabotaging the Political Forces of the Iraqi Economy
The Central Bank of Iraq and the existence of a hidden political forces did not identify to sabotage the economic reality and delay the project to delete the three zeroes. The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that "political forces behind the sabotage and delay the advancement of the economic reality of Iraq and the project to delete the three zeroes." He added that the "delay the project to delete the three zeroes from the Iraqi currency is very wrong and should speed up the process to delete the zeros for the advancement of the economic reality of Iraq." He continued that "if the Iraqi economy was modified after 10 years, it does not come to the welfare of the people and send a picture of despair in the soul of every Iraqi. "
He was economic adviser to the Iraqi government Abdul Hussein Al-Anbuge has revealed to the media, local, of the existence of mafias are trying to breach the local currency during the project restructuring carried out by the CBI. The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector. The Central Bank of Iraq on 22 June he had decided to restructure the local currency in order to the development of the payments system in the country.
LINK
Sunday, August 28, 2011
NEW HCL PASSED CABINET-GOING TO PARLIAMENT SOME HAVE SAID THIS IS THE LAST STEP PRIOR TO RV
BAGHDAD, Aug 28 (Reuters) - Iraq's cabinet has approved a long-awaited draft oil law and sent it to parliament for final passage, a measure seen as key for foreign investors seeking more solid legal guarantees.
The new hydrocarbons law has been in the making for years but has faced opposition over who controls the world's fourth largest oil reserves, mainly from semi-autonomous Kurdistan in the north of Iraq.
'The draft of the oil and gas law has been approved and referred to parliament,' a cabinet statement said on Sunday.
Iraq's parliament last month warned the government it would force through a new draft of the law if the cabinet continued to hold up the original legislation, regarded by investors to be a crucial mark of stability in the OPEC country.
'Any other previous drafts should be considered void and should be withdrawn. This draft is the only one presented to parliament,' the statement said.
Investors have been waiting for the law's approval to assure a more stable legal framework for exploration. The law is also seen as pivotal to reconciling Iraq's factions -- especially Iraqi Arabs and Kurds -- as the country rebuilds after years of war.
Even without the law, Iraq is already developing oil-fields, signing billions of dollars in contracts with international companies under legislation dating back to before 2003 when a U.S. invasion ousted Saddam Hussein.
The draft oil law was approved by cabinet in 2007 but faced opposition in parliament and was sent back to the government for amendments. In June, Iraq made some changes to the law, which were being reviewed by the cabinet's energy committee.
(Reporting by Aseel Kami and Ahmed Rasheed; Editing by Serena Chaudhry and David Holmes) Keywords: IRAQ OIL/LAW
(aseel.kami@thomsonreuters.com)(+964 7901 917 031)(Reuters Messaging: aseel.kami.reuters.com@reuters.
LINK
The new hydrocarbons law has been in the making for years but has faced opposition over who controls the world's fourth largest oil reserves, mainly from semi-autonomous Kurdistan in the north of Iraq.
'The draft of the oil and gas law has been approved and referred to parliament,' a cabinet statement said on Sunday.
Iraq's parliament last month warned the government it would force through a new draft of the law if the cabinet continued to hold up the original legislation, regarded by investors to be a crucial mark of stability in the OPEC country.
'Any other previous drafts should be considered void and should be withdrawn. This draft is the only one presented to parliament,' the statement said.
Investors have been waiting for the law's approval to assure a more stable legal framework for exploration. The law is also seen as pivotal to reconciling Iraq's factions -- especially Iraqi Arabs and Kurds -- as the country rebuilds after years of war.
Even without the law, Iraq is already developing oil-fields, signing billions of dollars in contracts with international companies under legislation dating back to before 2003 when a U.S. invasion ousted Saddam Hussein.
The draft oil law was approved by cabinet in 2007 but faced opposition in parliament and was sent back to the government for amendments. In June, Iraq made some changes to the law, which were being reviewed by the cabinet's energy committee.
(Reporting by Aseel Kami and Ahmed Rasheed; Editing by Serena Chaudhry and David Holmes) Keywords: IRAQ OIL/LAW
(aseel.kami@thomsonreuters.com)(+964 7901 917 031)(Reuters Messaging: aseel.kami.reuters.com@reuters.
LINK
steps taken by the Central Bank on the reform of the currency system began to take a serious turn with regard to lifting the zeros from the Iraqi currency- not mine
Maytham Laibi Ship and the Sea of the central authorities
It seems that the steps taken by the Central Bank on the reform of the currency system began to take a serious turn towards the application, particularly with regard to lifting the zeros from the Iraqi currency, or what is known as the nominal switch of the old currency (current) and change a new currency (in the near future).
This was confirmed to me slowly, and I follow this file since it was launched, and multiple Tagelath.
Recent developments that give signals that the countdown for the project has become the moments of peak recently, is that the recent meeting that brought together the Central Bank Governor; Shabibi, with Mr. Haider Abadi, the Finance Committee of the Council of Representatives, where they discussed what could be called the "touches the final project," and thank him that those discussions touched on the most important thing in this project and its details Kalmttlebatt legal, accounting and procedural preparations, and central printing and transporting and distributing the new currency.
Observation that struck me the most important and which prove that the project approval process as one of the phrase "reasons", which is usually a discussion on the approach of the final version of any law. What counted this time to central bank's relationship with the Council of Representatives is the general feeling relationship harmony that seem prevalent between them, a relationship we have lost the like between the central government, which turned out to be the intersection of the break and reached a peak of government's attempt to "disarm" the status of independence from the central.
Apparently, the "soft war" between the two are still going on, which can be found in the statements of the Central itself, where he as put the draft lifting of the zeroes to the parliament, confirms that "the new currency is expected to work out can not be falsified", while the Central the other hand, gives signals lined the need to "protect the local currency of the mafias specialized fraud" in the words of the official spokesman for the project raise zeros Mr. appearance of Mohammed Saleh, who asserts that "the Iraqi government claim to prosecute mafia currency trying to use the project to restructure the currency viscous scores of billions of counterfeit dinars, "which he stresses, explaining that" the economic security of allocated central government, not because he is drawing on monetary policy in the country.
The last can be cited in this regard that the central lead ship of the draft lifting of the zeroes on the rhythm of quiet, and rudder key for this ship is the inventory of game comments but "speaking" one exchange roles sometimes with the governor, a move that will be the main goal it to maintain not to spoil this project is sensitive, which may result in a tactical error which to provoke a wave of negative reactions on the entire project, a project that may have positive effects significant in the event of the command ship survived smoothly to safety, while the hurdles the project before its completion may be catastrophic and costly to the economy and the central and Characters.
Ship of the Central swim in the sea powers, will meet!
Maytham Laibi
LINK
It seems that the steps taken by the Central Bank on the reform of the currency system began to take a serious turn towards the application, particularly with regard to lifting the zeros from the Iraqi currency, or what is known as the nominal switch of the old currency (current) and change a new currency (in the near future).
This was confirmed to me slowly, and I follow this file since it was launched, and multiple Tagelath.
Recent developments that give signals that the countdown for the project has become the moments of peak recently, is that the recent meeting that brought together the Central Bank Governor; Shabibi, with Mr. Haider Abadi, the Finance Committee of the Council of Representatives, where they discussed what could be called the "touches the final project," and thank him that those discussions touched on the most important thing in this project and its details Kalmttlebatt legal, accounting and procedural preparations, and central printing and transporting and distributing the new currency.
Observation that struck me the most important and which prove that the project approval process as one of the phrase "reasons", which is usually a discussion on the approach of the final version of any law. What counted this time to central bank's relationship with the Council of Representatives is the general feeling relationship harmony that seem prevalent between them, a relationship we have lost the like between the central government, which turned out to be the intersection of the break and reached a peak of government's attempt to "disarm" the status of independence from the central.
Apparently, the "soft war" between the two are still going on, which can be found in the statements of the Central itself, where he as put the draft lifting of the zeroes to the parliament, confirms that "the new currency is expected to work out can not be falsified", while the Central the other hand, gives signals lined the need to "protect the local currency of the mafias specialized fraud" in the words of the official spokesman for the project raise zeros Mr. appearance of Mohammed Saleh, who asserts that "the Iraqi government claim to prosecute mafia currency trying to use the project to restructure the currency viscous scores of billions of counterfeit dinars, "which he stresses, explaining that" the economic security of allocated central government, not because he is drawing on monetary policy in the country.
The last can be cited in this regard that the central lead ship of the draft lifting of the zeroes on the rhythm of quiet, and rudder key for this ship is the inventory of game comments but "speaking" one exchange roles sometimes with the governor, a move that will be the main goal it to maintain not to spoil this project is sensitive, which may result in a tactical error which to provoke a wave of negative reactions on the entire project, a project that may have positive effects significant in the event of the command ship survived smoothly to safety, while the hurdles the project before its completion may be catastrophic and costly to the economy and the central and Characters.
Ship of the Central swim in the sea powers, will meet!
Maytham Laibi
LINK
Subscribe to:
Posts (Atom)