Showing posts with label GOI. Show all posts
Showing posts with label GOI. Show all posts

Saturday, September 3, 2011

Deletion of zeros from Iraqi dinar health economic evidence

Deletion of zeros from Iraqi dinar health economic evidence 


03.09.2011 03.09.2011 فارس عمر Faris Omar Since the central bank announced a plan to the deletion of three zeros from the Iraqi currency minting a coin to the banknotes currently in circulation. 


He reviewed the Central Bank at the time, the difficulties caused by the current Iraqi currency Pfiadtha led by a handful of zeros in the trade. He pointed to the harassment caused by the currency of the citizen who should be used as bags packed stacks of dinars to purchase goods is simple. 


Also, dealing with piles of dinars in daily life in this way preclude the use of automated teller machines, which have become common in other countries but still is a process in Iraq. 


Due to the intrusion of zeros the Iraqi dinar to the days of hyperinflation that brought the value of national currency as a result of previous wars and the subsequent UN sanctions destroyed Iraq's economy and sent the currency of Iraq to the paper was printing the former regime, issued in large quantities without the lid. 


But the relative stability of the national currency and the return link Iraq to the global economy and the availability of foreign exchange reserves, thanks to oil exports, the central bank are all encouraged to think in the deletion of zeros. But the conviction displayed by officials in the bank this measure met with reservations from officials in the government and put a question mark on the feasibility of such a move and its timing. In this context, he noted adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge in a special interview for Radio Free Iraq that the rampant corruption in state institutions and the low level of efficiency and economic situation in general at this time not in favor of lifting of the zeroes, according to his opinion. 


However, Advisor to the Governor of the Central Bank of the appearance of Mohammed Saleh described the system of cash payments current system, where the miserable largest denomination in which not more than twenty dollars worth pointing out that this provision is the installation of the Iraqi currency issued by the Central Bank continued to study after five years. 


Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge warned his part to the bumps that will change the currency, and the deletion of zeros, including the risk of fraud and increasing the demand for goods and for reasons arising from the payment of fake dinars instead of the thousand dinars, as now. 


But the adviser to the Governor of the Central Bank of the appearance of Mohammed Saleh considered that the fear of fraud rings reflects the look bleak reminder that other countries in deciding to switch its currency and dropped them zeros, such as Turkey, Romania and Brazil, without being of its economy to shocks and therefore, Iraq is not engaged in water unknown or walking in the way of did not knock him one before. 


Adviser to the Prime Minister for Economic Affairs pointed out the high costs of re-printing of new currency, stressing that attempts will be made to persuade the central bank plans to slow down in this regard. But the adviser to the Governor of the Central Bank explained that the currency exchange and deletion of zeros decision taken by the executive branch and approved by the legislature and that the project will not be implemented hastily, but will be taken among other factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators. And the appearance of Mohammed Saleh expressed optimism about the prospects for the development of the Iraqi economy, stressing that the currency reform is strongly linked to the economy and that the goal of such a move is to restore the Iraqi dinar to the previous strength. 


Economic analyst Bassem Jamil Antoine believed that the switch to hold the Iraqi currency is not inevitable and called for meeting the conditions necessary for the implementation process, particularly the security and political stability. 


Over time until the mid-eighties the Iraqi dinar was equivalent to more than three U.S. dollars. It is estimated that raising the three zeros will lead to the exchange rate of one dollar per dinar. 


Contributed to the file via Radio Free Iraq in Baghdad, Khalid Waleed 


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Tuesday, August 2, 2011

Dinar regain glory and coins in our pockets soon

Dinar regain glory and coins in our pockets soon 

Sattar Jabbar Ghazzi

Posted 01/08/2011 07:23 PM

Central Bank soon begin to raise three zeros advice of international economic organizations and 
Baghdad? 


A Deputy Governor of Central Bank of Iraq that Iraq began the restructuring of the involvement of the currency of international economic organizations focus on raising three zeros and the development of new metallic currency.

The appearance of Mohammed, told the people that "the central bank agreed with the international organizations on the process of restructuring of the currency and support the level of the value of the Iraqi dinar against foreign currency (dollar)."
He pointed out that "the process of restructuring, which will begin this week will focus on providing appropriate climates to raise three zeroes from the local currency in addition to the development of simple coin for 500 dinars and 1,000 dinars."

And that "the level of the local currency will evolve during the next five years, according to the structure established by the Central Bank, which will address the economic gap of the part."

"The currency does not lag behind the current currency rise to the level of advancement of the Iraqi economy and to address the gap and inflation during the next phase."

He expressed the IMF in August / August, his support of the Iraqi economy in the event of having a number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq. The Iraqi government has denied holding any change in the local currency this year to reduce inflation. The local currency of Iraq has passed in the history of changes to several, most recently in 2004 when the former Governing Council replaced the previous currency, which was the symbol of the former regime. The main tasks 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. 


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Tuesday, July 26, 2011

French Ambassador to Baghdad: Iraq has several components to build its economy well (Chapter VII)

$$ French Ambassador to Baghdad: Iraq has several components to build its economy well (Chapter VII) $$

Najaf, July 25, 2011 (AKnews) – confirms the French ambassador to Iraq, Denis Gauer said his country believes that Iraq has elements of several assisted in building a good economy, noting that France hopes to find Iraq’s position in the world, because everyone needs to Iraq refreshed Acasadia and quiet in the system the new Arab and stresses through the board Goyer following interview conducted by the correspondent and news agency Kurdistan (Rn) in Najaf, that his country is ready to help Iraq out of Chapter VII and assist in the rebuilding and reconstruction:

* How do you consider France to the nature of its relations with Iraq after 2003?

- President Sarkozy came to Baghdad in 2009, to confirm clearly that France would help Iraq to rebuild and to help and we have high confidence new Iraq, where he has many faces, so we believe that a number of factors help to build a good economy and we hope that Iraq finds its place in the world and we all need for Iraq economically robust and quiet in the new Arab system.

* There are some situations raise the question as the French about the nature of the abuse of France with Iraq, such as lack of support for the decision to remove Iraq from Chapter VII and that of your country were not supportive of the change in 2003?

- We are ready to help Iraq out of Chapter VII and to find its new location in the international arena, and France voted for the resolutions to remove Iraq from Chapter VII and abstained from the third because there are changes in the last minutes and we did not Ahly aware of changes and issues that have been settled, knowing that the only thing left Hobed differences between Kuwait and Iraq, and France were not unfavorable to change, but we consider the occupation of Iraq illegal operation on the basis of international law and this was recognized by the secretary of the United Nations, and the other side, we consider that this is not the way it wise to change even if it is found on the events that followed the process change and the daily reality of Iraq would have been difficult to find out in this area we are happy with what is happening in the Arab spring, where the Arab peoples that descended to the streets today to demand democracy and human rights, and bring down totalitarian regimes, but what is happening is not accompanied by any foreign intervention.

Q: But your country has supported the rebels in Libya with weapons?

- In all countries in a state shifts, such as Egypt, Libya, Yemen, Bahrain, Syria, we find that is the people who come down to the street without outside help, either the Libyan case, and support for the rebels there, it is true, but the international community to intervene because Gaddafi hit people That is why the United Nations voted on the resolution supporting military intervention in which this has been achieved, which is the only case in the events of the region, while the other Arab countries, it was the people are that decide its fate.

* You support the development of commercial traffic between your country and Iraq and say it’s going in the right direction, France Are you looking for a new market here after the global economic crisis or is it a change in the Ssayastkm towards the countries of the Middle East?

- President Sarkozy visited Iraq and said he was present to help Iraq and this means it helps you to get out of Chapter VII and by providing scholarships for young Iraqis to complete their studies in France, and also try to help in the areas of justice and other areas through the development of our cultural, and encourage French companies to come to Iraq To help in the reconstruction process and also specialty French companies fit the needs of Iraq in the evolution of new, and we have specialized companies, and the task in the field of oil, gas and electricity production, transport, metro, trains, water treatment, telecommunications, pharmaceutical, and food industries, and we believe that Iraqi cooperation French important in all these areas.

* In light of what it takes to Iraq from internal and external challenges do you see how the future of your relationship with him?
- Our hope is that there will be Iraq, economically vibrant and confident of himself, and Iraq is able to establish relations with its neighbors.

* There are several consulates of France in Iraq Matabaah work?

- We opened a consulate general in Erbil, and an honorary consulate in Nasiriyah, there are projects for the honorary consulate in Basra, and the consulates of this species Tazzalalaqat between the two countries.

* What is the honorary consulate?
- A person of Iraqi nationality, but not a diplomat, more precisely, a citizen representing the interests of France, and this makes it easier to come and the passage of French businessmen, typically expressed as the demands of Iraqi businessmen to French companies are channels of communication but it’s not diplomatic.

What this resulted in your meeting with the Chamber of Commerce Najaf?
- We have multiple connections with the former Najaf Chamber of Commerce and previously worked in the creation of the Commercial Arbitration Centre and we had an agreement with the Chamber of Commerce, and in particular about the attributes of the entry of Iraqi merchants to France, and hold a dialogue about the future projects of cooperation, especially with the French companies.


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Deputy: Iraqi resolve security candidates within two days. And the national security and intelligence between national walkordstani Tuesday 26-07-11 01: 36 pm

Baghdad (newsletter).The leadership said in a State of law coalition and the National Alliance Deputy//Haitham Al-Juburi said Iraqi list security ministries candidates names will, within a couple of them, Khaled Al-Obeidi,
At the same time referring to: the National Alliance will get the Ministry of national security and intelligence apparatus is the Kurdish Alliance or vice versa.
The House voted by a majority vote of confidence in the Government of Prime Minister Nouri al-Maliki without security ministries on 21 December last year.
The Agency said Al-Juburi of the newsletter) News Tuesday: the National Alliance did not discuss the names of the candidates nominated by the ministries of the Interior and national security, and the Iraqi list have not been sent for this moment, the names of candidates for the Ministry of defence.
National Deputy said: during the next two days, the Ministry will submit candidates, including former candidate, Khalid al-Ubeidi, Minister of State Adam Al-Juburi, is expected to ask Vice President Tariq al-Hashimi, adding that the Ministry of national security, it does not determine the fate of resolved and national intelligence receives the Kurdistan Alliance, or vice versa, or become a Directorate under the Ministry of the Interior.
It was housed within the clusters, National Alliance, have agreed to submit candidates for the Ministry of the Interior and defence next week to Parliament, the Assembly affirmed the need to resolve the issue of the US withdrawal at a meeting of leaders of the political blocs in the home of President Talabani.
Held late Monday at the headquarters of Prime Minister Nuri al-Maliki, the National Alliance meeting in the presence of all the leaders of the Alliance.
A source at the National Alliance (News News Agency): the coalition leaders agreed on the need to submit the names of candidates for the ministries of defence and aldtkhlihh of Parliament soon, preferably next week or the next, before entering Parliament, holiday, which starts on the 19th of August next.
Source: the meeting discussed three important issues (strategic policy Council, the security ministries, the US withdrawal), where it was agreed that the extension of the US forces, and discussion of the topic at the meeting of leaders of the political blocs in the home of President Talabani, did not take the theme into policy Council at the meeting.
The source pointed out: the National Alliance leaders agreed that they will listen to the rest of us withdrawal from the blocks and then will make their position on this matter.
The source said: the leaders of the bloc stressed the need to resolve the issue of security ministries soon./finished/7 n. p.

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Saturday, July 16, 2011

Short Update

Ok all,


I originally started this blog for friends and family members only.  I did a couple write-ups, such as http://dinarcentral.blogspot.com/2011/05/why-dont-we-hear-about-this-on-news.html?m=0 that a couple of major Dinar related sites got a hold of, and bam!  I started getting hits from other places and it grows everyday.  Over the past couple of weeks I have received a few emails from readers thanking me.  I appreciate these emails as it tells me I'm helping people, which is indeed my true passion!  I am not a "guru" nor do I want to be.  I simply aim to provide news as it relates to our investment and views from a normal investor point of view.  Thanks again for the emails.  Remember the email address is dinarcentral@gmail.com.


Now, where are we currently?  Well, it all depends on who you listen to.  Personally, I like to follow everything that I can so that my circle of knowledge and views are of a more broad spectrum for my own benefit.  In order to do this, I must also follow the rumor mill, but news is still the most trustworthy source on info in my eyes.  The proof is simply in the fact that the Dinar has NOT revalued to date, and there have been thousands of predictions from "rumors" stating such things as "it is done" or "it will be done this week" or "we should see it by..." and my favorite one was a certain someone waking everyone up in the middle of the night a month or so ago to claim "it has happpened".. bla bla bla!  Guess what?  They are all WRONG to date!  More recently, articles have surfaced that do indeed show some great progress, though there usually is a contradicting article not to far behind them.  I have said all along that at SOME POINT, there would be some smoke and mirrors surfacing.  The thing that bugs me is, most people take every article that seems a bit negative on the face, and call them ALL smoke.  This has been the case for a LONG time.  Now, based on the progress that has been made and the factual news we have all read, there is certainly reason to believe that NOW might indeed be a time for some misdirection.  To what degree?  Who knows!  


So let's take all this and ball it up together and see what we have...  My opinion, we are closeer than we ever have been, and we get closer every day.  When will it happen?  I have no clue, but I will say that based on my experience in this investment, these last few details or "check boxes" are certainly the most difficult to hurdle.  There certainly is major progress being made, but we are clearly NOT done if we read the news.  I would not be surprised if it went on for a couple months or so.  Maybe I'll amend that statement as the days/weeks progress.  BUT, based on what I'm seeing, I think it to be the case.


We most certainly could be there, but we will not know until it's all over.  I have a lot of friends and family that call me daily about this investment, and I have been giving them my take on this.  I do NOT want to ASSUME it's done, I have no real concrete reason for believing that.  What I will say is this, it has been stated many times by Shabibi that this is a STRATEGIC plan.  So is war for example, it requires the element of surprise in order to protect the country initiating the action, and give them the advantage.  If a country decides they are going to war, do they come out and ANNOUNCE it first?  NO!  They GO TO WAR, and THEN they address their actions.  This can easily be compared to that in my opinion.  In addition, just like Phoenix3333 said on his show the other night, this is a ONE shot deal.  There are NO do overs!  It has to be done ONCE and it has to be done PERFECTLY all at once, at the perfect time.  What is the perfect time?  I have no clue what so ever!  


Put your minds at ease knowing that you are in a once in a lifetime investment, you should be HAPPY regardless of when it happens.  Do NOT count on this to happen by ANY certain time!  Do NOT sit around and wait for it to happen to pay your bills or bail you out of a jam!  Do NOT take the rumors seriously as you can not afford to!  DO thank god that he put you in front of this once in a lifetime opportunity!  DO thank the person that introduced you!  DO get your plan and strategy together so you are ready to execute it at a moments notice!  


It's like Christmas is coming, only we don't know when :)  Be happy and excited, the time will come!  Maybe sooner than later, but maybe not.  WE SHALL SEE!


Thanks to you all for reading and supporting this blog!


DinarCentral


dinarcentral.blogspot.com  
dinarcentral@gmail.com

Thursday, June 30, 2011

Iraq Gets Control of its Development Fund (DFI)

Iraq Gets Control of its Development Fund (DFI)

29 June 2011

There was more sabre rattling on the Iraqi political scene this week, as the Speaker of parliament, Osama al-Nujaifi, hinted at the possibility of a break-away Sunni state.

His statements follow indications, finally, from Prime Minister Nouri al-Maliki to the effect that ministerial heads may metaphorically roll as a result of their poor performance.

These stories, against a background of increasing violence, have perhaps distracted attention from the fact that the Development Fund for Iraq (DFI), which was set up after the 2003 war to handle oil and other revenues, reverts to Iraqi control from tomorrow, 30th June.

The sums involved are immense, and it is essential that they are handled professionally. We can expect some clarification from the International Advisory and Monitoring Board (IAMB) on Thursday regarding the future management of the fund.


http://www.iraq-busi...pment-fund-dfi/ 

Sunday, June 26, 2011

Central Bank: deleting zeros from the currency of Iraq had nothing to do with the price or exchange rate

Well, ANOTHER zeros article that's gonna have everyone in a tizzy.  Personally, I think they are doing their absolute best to confuse the situation the best they can.  Either way, I'm ready for closure.  How about you?  lol....  My opinion is that this actually CONFIRMS NO LOP.  Why?  Because a LOP is a DEVALUATION and he clearly states here that the removal of the zeros does NOT effect the exchange rate, BY ITSELF ANYWAY!  But guess what?  Removal of the zeros followed by an RV DOES! AND if they are introducing LOWER DENOMS then I see only ONE WAY for the value to go... UP!


Central Bank: deleting zeros from the currency of Iraq had nothing to do with the price or exchange rate

Sunday, June 26, 2011 10: 43
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Deputy Central Bank Governor Ahmad abrihi, "deleting zeros from the currency of Iraq had nothing to do with the price and exchange rate."



Abrihi said in a statement all Iraq [where] said Sunday: "some imagine that State want to influence the price or exchange rate (lowered or raised) by deleting the zeroes is invalid".

"Delete zeros had nothing to do with the price and exchange rate and add more categories to delete zeros do currency."

"It is not expected that skimming State to false awareness on economic life and promote illusions disrupt ".




It should be noted that "the plan to delete three zeros from the currency of Iraq is one of the proposed projects. Economists assert that this project will facilitate the cash transactions, because monetization in Iraq complicated; because of the varying currency difference between Iraqi dinars and United States dollar cash transactions may arrive to altrlionat it requires complex calculations to determine the outcome of those transactions in the profit and loss. 

The Central Bank of Iraq had decided to restructure the domestic currency to develop payments system in the country, and begin implementing the long-term strategic project, specialize in the restructuring of the local currency of the payment system development. 

The "IMF demands Iraq a number of economic measures, including privatizing banks and raise three zeros from the local currency debt and reparations which redirected rests with Iraq, if Iraq's desire to receive the support of the International Fund."Ended 23 

Sunday, June 19, 2011

CBI: Annual core inflation rate accelerates to 7.3%


BAGHDAD (Babinaoz / Reuters) – A senior official of the Central Bank of Iraq to the annual core inflation accelerated to 7.3 percent in May from 6.1 percent in April, driven by the cost of imported goods and services especially in the health care sector. Qasim said the appearance of the bank’s adviser, “there is little inflation this year, but still under control. I do not think it will exceed the (single digit).”

The Central Bank of Iraq in April that he expected annual inflation to remain in the single digits by the national program of ration, who helped absorb some price increases. And draws most of Iraq’s imports of wheat, rice, cooking for the program, which provides basic food for millions of citizens.

The economy depends heavily on Iraqi oil, which contributes more than 95 percent in revenue. The Central Bureau of Statistics calculates the rate of inflation and the Bank defines core inflation that does not include spending on fuel.

The Executive Chairman of the Iraqi Stock Exchange, Taha Ahmed Abdul Salam said that foreign investment in the stock market jumped this year because the popular uprisings against regimes in the region have made ​​Iraq a more attractive investment alternative.

He added that foreign investors registered net purchases in the first five months of this year, bought shares worth 84 billion Iraqi dinars (72 million dollars).

He said foreign investors sold shares worth ten million dollars since January, after he bought a $ 53 million of the shares in 2010.

Abdel-Salam told Reuters in an interview, “When you see the Arab region now and see what happens you can see the difference between Iraq and the others.

“We have a government .. and foreign companies began to rebuild the country with the Iraqis. And also see the oil companies working … this encourages everyone to invest.”

Iraq is trying to stand on his feet again after decades of war and economic isolation and needs to be invested in almost all sectors under reconstruction efforts.

Iraq has seen protests like other countries in the Middle East and North Africa, but focused on the demand for better basic services and provide more jobs than calling for regime change.

There are 85 companies listed on the Iraqi market for securities, which began work in 2004. The market is a center of private investment outside the oil sector in a country dominated by state companies.

Abdel-Salam said he expected an increase of from 40 to 50 percent in the number of shares traded in the current year as a whole.

He added that foreign ownership of shares in the stock market rose to about 19 ​​percent in 2011 from three percent in 2008.

He pointed out that foreigners, especially Americans and Europeans and the Arab Gulf and the Egyptians are interested primarily in bank stocks, and the hotel sector and the industrial sector.

Abdul Salam said that since January has traded 210 billion shares worth $ 326 million. A volume of 255 billion shares in 2010 worth $ 342 million.

He added: “One of reasons for the high index of the last meeting of last year to now is the demand of foreigners … they buy four times as much selling.

“I do not say that Iraq is not a risk … but the security situation improved. This type of risk acceptable to investors.” The current market value of the Iraqi Stock Exchange, $ 3.2 billion.

http://wp.me/pZC7o-8Il

Iraq parliament to reconvene Tuesday, June 28th

Iraqi parliament to raise its 28 of this month after the vote on two bills



Baghdad, June 19 (Rn) – The Iraqi Parliament Speaker adjourned the Council to the 28th of this month after the vote on the bills and the first reading of the law to postpone the vote on the bills of others.

A member of the House of Representatives for the Iraqi List, Ziad worldwide abolition of the Kurdistan News Agency (Rn), “The House of Representatives Speaker Osama Najafi decided to adjournment of the House of Representatives to the 28th of this month after the vote the draft law on the administrative structures, and the draft Law of the opinion in the ministries, and the first reading the draft law to the internal security forces. “

He explained that the worldwide abolition, “the members of the House of Representatives will attend on Monday to the House of Representatives in the committee meetings that the Council resumes its sessions in the 28 th of this month.”

The Presidency of the Council of Representatives had decided earlier in the day to postpone the vote on the law of the appointment of judges of the Appeals Chamber to consider appeals filed against the Justice and Accountability Act, the Federal Court to another date for failure to meet legal requirements.

The agenda of the Council of Representatives to this day includes a vote on the six laws which, to vote on the nomination of judges of the discrimination competent to hear appeals filed on decisions of the accountability and justice, and vote on the draft law on ratification of an exchange of letters between Iraq and Japan on the Japanese loan, and vote on the draft law on the development squad administrative, and vote on the bill of opinion in government ministries, and vote on the draft law the Supreme Judicial Council, and vote on the bill of the Federal Court, in addition to the first reading of bill internal security forces.

http://wp.me/pZC7o-8J5

Allawi will not atttend Monday conference with Talabani and Maliki due to illness; Offers apology

Allawi refrain from attending the meeting of the leaders called for Talabani to resolve political crisis

ader Iyad Allawi’s list, Tuesday, to attend the forthcoming meeting of leaders convened by the President of the Republic, in “Park” steps by the Taliban for the collection of the political parties and address the crisis Asih.

A statement issued by the Office of President Jalal Talabani and received “Alsumaria News”, a copy of it, that “the Iraqi leader Ayad Allawi telephoned from London with President Jalal Talabani, apologizing to attend the extended meeting of political leaders to be held on Monday,” noting that “Allawi emphasized that “the apology was due to medical conditions outside his control.”

The statement added that “the leader of the Iraqi List, welcomed the measures undertaken by President Talabani to raise the political parties at this time, to overcome the difficulties and address the political crisis experienced by the country,” noting that “Allawi would send one of his associates to represent him at a meeting of leaders.”

The statement pointed out that “The President expressed his best wishes go out to his dear friend, and his deep gratitude to him for his support and his support for the big step meeting, which made the first effort to push hard for success, to overcome differences and strengthen the national unity of Iraq.”

And escalated the political crisis experienced by the country for more than a year and two months between the coalition of state law, led by Prime Minister Nuri al-Maliki, the Iraqi List led by Iyad Allawi, against the backdrop of demonstrations staged by Tahrir Square in Baghdad, Friday, and demonstrations of counter-thought that the government-sponsored and demanded the execution of the perpetrators of the wedding of Dujail and to hold politicians who stand behind them, and considered the Iraqi they carried the abuse to her and its leader, also incite sectarian and return Iraq to the atmosphere of the years 2006 and 2007, while confirming that the return of organized crime within a hundred days a sign of the collapse of the security file.
The lawmakers walked out of the Iraqi List of the meeting of the Council of Representatives, June 12, the current protest against the events in Tahrir Square in 10 of the same month, and keep the security ministries vacant, even now, as well as for the attack on MP Haider Mulla, threatening to sue the MP Kamal Saadi if not Dawa take a position on the subject.

The MP for the rule of law, Kamal Saadi and the representative of the Iraqi List Haider Mulla clashed with hands, inside the parliament building against the backdrop of major escalation between state law and the Iraqi List, and their leaders, since launching the Iraqi leader Iyad Allawi, on June 10 present a scathing attack on Prime Minister Nuri al-Maliki after humiliated pictures in Tahrir Square, as well as responsible for the implementation of crime wedding Dujail Firas Jubouri by the victims’ families and other supporters of the Dawa Party in the event said that the government has supported, and Allawi described the elements of the Dawa Party led by al-Maliki as “bats of darkness,” warning “policy gagged and new dictatorship. “
The pro-government protesters tearing down pictures of the Iraqi leader Iyad Allawi’s list and hit her shoes, as well as burn some of them.

And spin differences between the Iraqi List and the National Alliance on some of the terms of the Erbil, including the draft Law on the Council strategy policies and higher, and most important of these differences mechanism of selection of the President of the Council, as the demands of the Iraqi List to be the mechanism of choice in the House of Representatives, which rejected the National Alliance and demanded to be within the body that are within the National Council for strategic policy and status enjoyed by the person who chairs the Council’s powers and whether it would be described as general secretary or president.

The head of Iraq’s Kurdistan region, Massoud Barzani, in September 2010, an initiative on resolving the political crisis in Iraq include the formation of a committee of between eight and twelve representatives of the political blocs to begin talks to form a new government and work to resolve outstanding differences, and convening meetings of the expanded leaders to resolve the issue of the three presidencies

http://wp.me/pZC7o-8J9

Wednesday, June 15, 2011

Foreign Relations committee completes report on the Kuwaiti port of Mubarak

mina albasra

Baghdad, June 15 (Rn) – The Foreign Relations Committee in the Iraqi Council of Representatives, Wednesday, for completion of a report to be presented at a meeting hosted the Ministers of Foreign Affairs and Transport in the building of Representatives on Problems of the port of Mubarak, who intends to Kuwaiti government built in the Persian Gulf.

Iraq and form an emergency committee and the ministerial visit to Kuwait to end the problem of the port adjacent to the waterway, Iraq’s Persian Gulf.

Decided that the Kuwaiti authorities recently the construction of the port of Mubarak Al-Kabir near the port of Khawr Abd Allah waterway in Basra in southern Iraq.

The objection to the Iraq re-construction of the port of Kuwait tension between the two sides, after the relations have improved relatively over the past period.

A member of the Foreign Relations Committee Staff Arshad told the Kurdish news agency (Rn), “The Foreign Relations Committee prepared a detailed report on the economic effects that will bless the establishment of Port Mubarak of Kuwait,” noting that “the Commission will have before it the full report at the meeting on Thursday the existence of the Ministers of Foreign Affairs and Transport “.

He taught that “the House of Representatives tomorrow to hear an accurate breakdown of the Ministers of Transport and Foreign Affairs on the responses of the Kuwaiti side of the Iraqi fears of the impact of construction of the port to shipping traffic in Iraq.”

And confirmed the Federal Ministry of Transport in March that there is pressure hinder regional completion of the port of Faw being will affect their economic interests.

It is hoped to change the port of Faw map of the international maritime transport of goods being transferred from Japan, China and South East Asia to Europe via Iraq.

Iraq had plans to build the port of Faw since 2005, but lay the foundation stone to him in April 2010, a year before the Declaration of Kuwait, Mubarak construction of a port, but it is not prescribed in the implementation process so far.

http://wp.me/pZC7o-8E1

Warka Bank, Basra International Bank: Bankrupt

Warka Bank, Basra International Bank: Bankrupt
Posted: June 15, 2011


Government withdraw liquidity and establish private banks on the brink of bankruptcy

Iraqi clients of private banks Hit a fever of fear and anxiety after awakened Iraq news bankruptcy two Iraqi private banks known, which has put its work in Iraq for some time in quite some time, as the Warka Bank for Investment, one of the leading private banks, Iraqi and faced the problem of substantial financial liquidity led the inability of deposits and liquidity may be a synonym of the concept of bankruptcy in the world of banking terms to coincide with her and the same time the Declaration of Basra International Bank inability to cash and the loss of financial liquidity.

According to the description of an observer economic activity of private Iraqi banks, that one of the most important private banks, Iraqi witnessed the withdrawal of more than $ 20 million from its accounts, leading to hampered in its banking operations, which represents the amount a bank deposit of a large number of customers in the bank, in a time of the other banks withdrawals big banking by depositors, fearing for their deposits if I got a similar situation to the situation of the Warka Bank or Basra International Bank.

This phenomenon is economic is no stranger to the banking sector in the world, but new to the banking sector, the Iraqi government, according to Director of the Association of Iraqi banks Abdul Aziz Hassoun is accused of, Universal access, such as this crisis came as a result of the government to withdraw large sums of cash from a bank of Warka, Basra, and two of the biggest customers deposit the government for the rest of the bank’s eligibility, the process of withdrawing cash that was a large amount of by the government and was contrary to the conditions of deposit banks but the government’s authority was the biggest rejection of banks or resorting to the judiciary to resolve the situation, especially since it was too late was signed by two banks into the trap of dealing with a stronger party authoritarian ruthless weaker party does not take into account the circumstances.

These events coincided with the issue of Trade Bank of Iraq and accusations of Prime Minister addressed to the director, who fled to Beirut, all of these banking issues, which I got at one time rocked consumer confidence sinks Iraqi civil what caused the wave of the withdrawal of bank deposits from private banks, and consequently, the command will reflect negatively on the local economy.

Central Bank of Iraq for his part on the interference to address this crisis, Iraqi bank, especially since he oversees the management of the Warka Bank and Basra International Bank after it swallowed two banks had the bulk of governmenttransactions with merchants and the Iraqi contractors and companies operating in Iraq, Bob Moses, director of Iraqi banks in the United the 12 private banks, said: “opacity sentenced the previous trading and in the light has been given preference for private banks to other banks and the government transactions with private banks, coupled with the cruelty and lack of confidence, and today these banks exposed to a crisis of confidence will affect their activity.

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Tuesday, June 14, 2011

Iraq confirmed that Allawi was sworn in and want some facts and fool Iraqis

Iraq confirmed that Allawi was sworn in and want some facts and fool Iraqis

Tuesday, 14 حزيران 2011 11:41 GMT

Alsumaria News / Baghdad

Confirmed that the Iraqi List, Tuesday, that its leader, Iyad Allawi, had already sworn in and took part in the vote on the government, as described in the skeptics that they want to "fool" the Iraqis, noting that Allawi, himself a defender of the rights of protesters to fight corruption.

The adviser said the Iraqi List, Hani Ashour said in a statement received "Alsumaria News," a copy of it, that "some who professes not to the performance of Iyad Allawi, sworn in he wants to mislead public opinion and reverse the facts," noting that it "has already been sworn in and took part in the vote on the government and the law Vice-President of the Republic. "

Ashour went on that "Allawi exercise its role as a political leader elected by the Iraqi people and commented upon their hopes, but it seems that some people deliberately abuse it and fool the people," stressing that "Allawi, himself a defender of the rights of the people and the demonstrators, raising the banner of fighting corruption."

He explained Ashour, "Allawi is based in his political service of the people who elected him hundreds of thousands personally, millions of voters and the Iraqi list, and it is through his recent shoulder Secretariat sworn before God and people."

He explained Ashour that "these attempts desperate to obscure the features of the role of leader of the Iraqi List, upon review of the same proceedings of the parliament sessions well, unless it was those who failed in the election did not win did not know anything about the House of Representatives and the facts of its image on television that was broadcast to millions."

The MP for the coalition of state law Khalid al-Asadi said, on Sunday, The House of Representatives is the natural place for the democratic process and political situation in the country through which the calling or questioning, but Iyad Allawi, sworn in as deputy in the parliament and attend the meetings of the House of Representatives before Idai question the prime minister, stressing that Allawi can not attend the meetings of the House of Representatives is not the right parliamentary performer.

And announced that the Iraqi List, Sunday, leader, Iyad Allawi will be a request to question Prime Minister Nuri al-Maliki at a public meeting in the parliament against the backdrop of violence suffered by demonstrators in Tahrir Square, and the corruption afflicting government institutions.

And Paragraph c of section VII of article 61 of the Iraqi Constitution stipulates that the House of Representatives member with the consent of twenty-five members may direct an interpellation to the Prime Minister or the Ministers to be held accountable for the affairs under their specialty, and debate is taking place in the interrogation only after at least seven days from submission.

The lawmakers walked out of the Iraqi List of meeting of the Council of Representatives, yesterday, in protest at what happened in Tahrir Square on Friday, and to keep the security ministries vacant until now, as well as assault on Vice Haider Mulla, threatening to sue the MP Kamal Saadi unless the Dawa Party, a position on the subject.

The MP for the rule of law Kamal Saadi, deputy for the Iraqi List, Haider Mulla clashed with hands inside the parliament building against the backdrop of major escalation between state law and the Iraqi List and their leaders, since launching the leader of Iraq, Iyad Allawi, last Friday, a scathing attack on Prime Minister Nuri al-Maliki, after he had been humiliated by his pictures in Tahrir Square, as well as responsible for the execution of a crime wedding Dujail Firas Jubouri by the families of the victims and other supporters of the Dawa Party in the demonstration said that the government has supported, and Allawi called the elements of the Dawa Party led by al-Maliki as "bats of darkness," warning "policy gagged and dictatorship, the new .

Saw Tahrir Square in central Baghdad, last Friday, two events different, the first organized hundreds of belonging to a number of tribes to demand the execution of the perpetrators of the incident of Dujail and the emphasis on government support and was joined by supporters of the Dawa Party, and the second organized by hundreds of residents in Baghdad, demanding bring down the government and denouncing the performance of Prime Minister Nuri al-Maliki , punctuated by scuffles between the parties.

The pro-government protesters tearing down pictures of the leader of the Iraqi List, Iyad Allawi, and hit her shoes, as well as burn some of them and threw some other shoes.

And spin differences between the Iraqi List and the National Alliance on some of the terms of the Irbil, including the draft Law on the Council strategic policies supreme, and most important of these differences the mechanism to select the President of the Council, as the demands of the Iraqi List to be the mechanism of choice in the House of Representatives, which rejected the National Alliance and claims to be within the the body that are within the National Council for the strategic policy and has the capacity in which the person who chairs the council and the powers it be described as Secretary-General or the President.

The head of Iraq's Kurdistan region Massoud Barzani, in September 2010, an initiative on resolving the political crisis in Iraq include the formation of a committee of between eight and twelve representatives of the political blocs to begin talks to form a new government and work to resolve outstanding differences, and convening meetings of the expanded for the leaders to resolve the issue of the three presidencies .


http://www.alsumaria...s-details-.html

Talabani and al-Sadr initiatives seeking to purify the atmosphere between state of law and the Iraqi

14/06/2011

Amid reports that two tables round tables held in Baghdad and Najaf

BAGHDAD - morning

With the continued deadlock between a coalition of state law and the Iraqi List, is seeking several high points to iron out their differences and convince both sides to return to dialogue, through new initiatives that will strengthen the initiative of the President of Kurdistan, Massoud Barzani.

All these moves come at a time when it was announced that the National Alliance of its components would meet within the next two days to respond to the demands of the Iraqi List.

She has the presidency of the Kurdistan region by the president of its office, Fouad Hussein, was "concerned about the deteriorating political situation in the country, especially between my country and Iraqi law."

Presidency of the province and called on the parties to resolve the problems and tensions between them through dialogue.

Hussein said in a press statement: "A group of items the initiative of the President of the Kurdistan Regional efforts to address the crisis of the Iraqi government, carried out during the last term, but some of the items have not been implemented so far, indicating that the reason for this is related to the same political blocs.

According to Hussein that he must be on those competing political forces, working together to solve the problems existing between them.

Yesterday began the first efforts to contain the differences between a coalition of state law and the Iraqi List, despite the continuing exchange of accusations between the two sides as political sources said a high-level "morning": that "these efforts led by political figures with weight, refusing to disclose names, but when asked whether including" President Jalal Talabani and Kurdistan regional president Massoud Barzani and Deputy Prime Minister Nuri Shaways Rose and the head of the Coalition Ibrahim al-Jaafari, "she replied by saying:" Maybe ..
Certainly will have a distinct role."

The differences between a coalition of state law, particularly the Islamic Dawa Party and the Iraqi List has been made ​​worse after a speech broadcast by the President of Iraq, Iyad Allawi accused the Dawa Party and its Secretary General Prime Minister Nuri al-Maliki's various charges, while the response of the Dawa party of these accusations by declaring filed a lawsuit in a court of Karkh on , according to the declared leader of the party Hassan Sinead, "morning", while the exchange of Attorney for a coalition of state law Kamal Saadi, member of the Iraqi deputy Haider Mulla yesterday, the charges during their meeting in the courtyard of the House of Representatives yesterday, according to the representative of the "morning" Muhannad Abdul Wahab , in the form of worsening reflect differences between the two sides.

Also pulled out of the Iraqi List of meeting of the Council of Representatives yesterday.

For his part, revealed the leadership of the Kurdistan Alliance Mahmoud Othman, the two initiatives under the auspices of President Jalal Talabani, leader of the Sadrist movement and Muqtada al-Sadr, complementary to the initiative Barzani, in order to clear the air between the Iraqi List and a coalition of state law.

Osman said in a statement quoted by the agency "Alsumaria News" news: "There are attempts by Kurdish and bra to launch a new initiative complements the initiative Barzani," noting that "the initiative sponsored by President Jalal Talabani, the leader of Sadr Muqtada al-Sadr to enjoy its status and influence with the parties disputants. "

The minister said, "Talabani, now moving in coordination with members of the Sadrist movement, to call upon the parties to create the appropriate atmosphere for the new initiative, and brief them on its contents before it was announced."

He pointed out that "Muqtada al-Sadr could be a visit to Arbil to meet with President of the Region, and then meet with the President in Baghdad," pointing out that "the initiative is a joint and complementary to the one before."

To confirm the head of the Badr Organization and the parliamentary deputy of the National Coalition Qasim Araji that the heads of components of the alliance would meet in the next couple of days to answer the demands of the Iraqi List.

Was quoted by news Araji said yesterday: "It was agreed in principle between Iraq and a coalition of state law and the Kurdistan Alliance, the continuing negotiations for the members of the negotiating committees, and end the state of tension between the rule of law, the Iraqi and away from the media convulsive which leads to congestion of the street," he says.

For his part, said the Sadrist movement said the aim of the initiative of its leader, Moqtada al-Sadr is to complete the remainder of the agreement Erbil, revealing close-up call for a round table in Najaf or Baghdad.

Bahaa al leadership in the current forecast in a press statement to see the next few days, held a round table under the auspices of Sayyid Muqtada al-Sadr, in which the leaders of the blocs in order to come up with solutions to the current crisis as a code of ethics, with emphasis on the red lines are not exceeded.

The MP for the Liberal block of quitting the differences between the Iraqi List and a coalition of state law does not mean an end to government of national partnership, noting that the committee met with the Liberal block Barzani, Allawi and Maliki.

Zamili said in a press statement: "The Commission on the initiative of Mr. Muqtada al-Sadr met with Prime Minister Nuri al-Maliki and Kurdish President Massoud Barzani, the leader of the Iraqi List, Iyad Allawi," noting that the Commission began to overcoming difficulties.

He said that "there are still difficulties existing between the Iraqi List and the rule of law represented by the National Council for Higher policies and security ministries and the budget in the government," noting that "the meetings began with all parties, and will bear fruit in the coming days."

He added, "Despite the severity of the differences between the Iraqi List and the rule of law, but this does not mean the end of the government of national partnership."

The Liberal MP for block Rafi Abd al-Jabbar has hinted at the end of the crisis between the "Iraqi" and "the rule of law" during this week, indicating that the initiative will address the negative aspects of the Sadrist movement initiative Arbil.

Abdul-Jabbar said: "This escalation will resolve the political file will not be convened, as some believe, and I think that all outstanding matters will find their way to the solution after this crisis," noting that "what happened during the past two days is for the benefit of the political process and not against it, because it will accelerate in finding solutions rather than to keep these disputes and skirmishes between the political blocs were continuing. "

He added that "the initiative of the Sadrists is currently in the process of communication with leaders and members of the political blocs, have been held several meetings to activate it."

In turn, expressed the Iraqi bloc white for "deplores the deterioration of the language of political debate to the point that the citizen feels frustrated he sees the political process reach a semi-dead end."

The bloc said in a statement yesterday: "It is regrettable that the register of political and diplomatic corridors in the country is like going back to square one when he speaks of leaders and members of the political blocs in a language may reflect on the Iraqi street."

"The Iraqi bloc and white out of a sense of national responsibility, will take the initiative to end the tensions and problems between brothers Almokhtsamin to the satisfaction of all parties and unite their ranks to serve our people Iraqis who deserve our best", without clarifying the nature of this initiative.

And called on leaders and members of the political blocs to "wisdom, calm and restraint, and find out how serious the launch of convulsive statements because of its role in aggravating the situation and the escalation of the dispute," the statement said.

SOURCE

Monday, June 13, 2011

Iraqi List will attend tomorrows House of Representatives

13/06/2011 11:28

Baghdad, June 13 (Rn) – According to a member of the Iraqi List led by former Prime Minister Iyad Allawi, on Monday, that list will have to attend tomorrow’s Council meeting, revealing that there are political players entered on the line to calm the crisis between them and the rule of law .

And decided to Iraqi List led by former Prime Minister Iyad Allawi’s comments at yesterday’s meeting to attend in protest at what they described as an “attack” command in the rule of law to Kamal-Saadi spokesman Haidar al-Mulla.

And the exchange of leaders in the Iraqi law and Haider Mulla Kamal Saadi charges before the House of Representatives for its development and sparring between them, leading to the interwoven with hands Madf a number of members of the Council to intervene and resolve overlap.

Ziad said the worldwide abolition of the Kurdistan News Agency (Rn), said that “members of the Iraqi List, attended all the meetings today to parliamentary committees, and tomorrow will have a presence in the hall of the House of Representatives,” noting that “spasm positions would not serve the political process.”

The worldwide abolition that “some political parties entered on the line to calm the political atmosphere that have raged yesterday between Iraq and the rule of law,” pointing out that “everyone understands that political differences will not work for the political process.”

The relation between my state of law and Iraqi tension against the backdrop of political positions to the leaders of the two lists al-Maliki, Allawi.

Launched the leader of the Iraqi List, Iyad Allawi, last Friday, described the attack Ballaza to Prime Minister Nuri al-Maliki, adding that he supported from Tehran, while describing the elements of the Dawa Party led by al-Maliki as “bats of darkness,” warning of the policy of muzzling mouths and the new dictatorship.

Considered as the Iraqi List, last Friday, that a picture of its leader, Iyad Allawi-by-side image (terrorist) event during the “liberation” in downtown Baghdad was meant to offend the political, pointing out that the cheers echoed by supporters of al-Maliki during the demonstrations threaten the country’s return to the atmosphere of sectarian violence During 2006 and 2007.

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