Thread: Archive Latest News - Dinar Think Tank - 27/08/08 - 15/01/09

Central to sell 134 million dollars in auction

the demand to buy the dollar at a meeting, Wednesday, the central bank auction for the sale and purchase of foreign currencies, larger problem of demand exceeding 134 million versus $ 164 million and 690 thousand dollars in the previous session.

The bulletin issued by the Central Bank that "the total volume of demand for the dollar, 134 million and 25 thousand dollars, at a stable basis from the previous session at 1174 dinars per dollar."

The bulletin showed that demand, "distributed by 22 million and 170 thousand dollars in cash, covered the bank exchange rate of 1,180 dinars to the dollar, including the central bank and a commission of six dinars per dollar."

It added that "the value of remittances outside the country amounted to 111 million and 855 thousand dollars covered the bank exchange rate of 1,177 dinars to the dollar, including the central bank and a commission of three dinars per dollar, and did not make any of the 17 banks participating in the auction, offers to sell the dollar."

The central bank held five meetings a week for the sale and purchase of foreign currency.

Translated version of http://ar.aswataliraq.info/?p=112194

The strength of the economy of the currency in circulation

The local currency of any country an important factor in the recovery and prosperity of the national economy because it is a picture of the economy becomes strong currency was a sign that the economy is strong.

This is the picture of the Iraqi currency to the national economy growth, which began from day to issue the currency after the failure of economic stagnation and lasted for three years since 1990, known as currency issued by the course and impact negatively on the local economy.

In the current issue national currency, strengthened the confidence of ordinary citizens and investors also piled and replaced the currencies of their new local foreign currency, as well as actions taken by the Iraqi Central Bank lifted interest rates increased the confidence of investors in local currency.

The other hand, we note that the sale of foreign currency auction the Central Bank of Iraq made the demand on the local currency is growing, with increased rate of the dinar against the dollar gradually to reach the level of 1180 dinars per dollar after the U.S. borders was 2000 dinars per dollar. It is expected to last Iraqi currency to the gradual improvement of up to 1,000 dinars per dollar one, if the Central Bank of Iraq follows the same curriculum current, as well as the Central Bank of Iraq if the bonds issued to support the Iraqi currency attractive benefits in the short term or long will the Iraqi currency is An important place in the region, especially the Gulf region, also said it was important that the Central Bank of Iraq to work on the entry of Iraqi currency to the regional stock exchanges and therefore the global stock markets are the Iraqi currency and its important economic impact on regional currencies and globally.

But if the Central Bank of Iraq issue gold coins represent Akiem Iraqi currency, it will also contribute to the improvement in currency exchange ..

There are opinions in the street traded on the deletion of three zeros from the current Iraqi currency, each worth 1,000 dinars and one dinar, if the oldest Central Bank of Iraq on this step, it is a positive sign that the turnover figures would go down to replace thousands instead of millions and be a strong currency and low figures, especially These zeroes are worthless in practice as the deletion of the zeros will make the currency less complex and easier to deal us back to the seventies and eighties era where the Iraqi currency and economic power of purchasing is very strong compared to regional currencies.

Therefore, to continue and take these measures would make the Iraqi currency of the most important currencies in the region to contribute to the local economy and recovery.

Translated version of http://www.taakhinews.org/pages/ecnome.htm

economic monthly seminars organized by the Iraqi Center for Economic Reform

Iraqi Center for a promising economic reform plan to hold monthly forums launched in the economic XIII of December 2008. The head of the center, Kamal al-Basri told Al (morning):

The adoption of the governing body of the status of the plan is part of the Iraqi Center directions of economic reform for economic activities aimed to develop ideas and proposals for achieving economic reform in Iraq and achieve the required development. Identified the optical axes symposia planned mid-December of this year as follows: requirements for industry development Oil and gas, to assess the State budget for the 2009 requirements, the development of housing policy and the requirements of WTO entry ..

The program included seminars also assess monetary policy in Iraq, to assess the reform measures banks, evaluating the performance of the Iraqi market for securities, the reform of the health system in Iraq, investment requirements and the establishment of economic zones safe, the restructuring of public institutions of the industrial importance of the rule of law in economic growth And the requirements of the growth of the agricultural sector.

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Sistani approved expresses its concern over the implementation of the Convention Security

He adopted the religious authority Ali al-Sistani in Karbala, Ahmed net expressed concern about the application of the Security Agreement between Iraq and Washington approved by the parliament on Thursday.

He said the net in his Friday sermon today that "the Convention does not contain guarantees of implementation," and asked "to ensure that Iraq would be outside the supervision of the seventh item, and ensure that its assets abroad will be safe? Then ensure that the government will have full powers in the presence of Foreign forces? "

The net Iraqi government to "work for" what he called the "restoration of sovereignty," describing it as "of the rights granted but not taken and recovered."

In another part of his sermon, called certified reference Sistani Iraqi officials to "review their performance," We are on the threshold of a new year Fleuradja their officials over the past year. "

The net that "the performance of some officials was bad, and the greater their responsibility," and asked them to recognize "their mistakes," adding that "this is not a defect but the defect is to continue the mistake", he said.

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Statement by Ambassador Ryan C. Crocker and General Re Odierno on the House passed the Convention on the strategic framework and the security agreement

The United States welcomes the approval of the Iraqi parliament today on the Convention on the strategic framework and the security agreement. We look forward to ratification by the Iraqi Presidency Council vote.

That the conclusion of these conventions is both strong and equal partnership between the United States and Iraq. And provide ways to secure the security gains we have made the task together and to deter future abuse. It established a framework for cooperation in the fields of defense and political relations, economy and trade, culture, education and the role of law, health and the environment, science and technology.

We congratulate the Government of Iraq and their elected representatives to conclude such agreements.

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Security agreement between Baghdad & Washington entered into force two weeks after Baghdad

Iraqi official sources confirmed Friday that the security agreement between Baghdad and Washington approved by the parliament Thursday and determine the future of U.S. forces in the country, will become effective after two weeks.

He said Naseer Ani, head of the debt of the presidency "should receive the presidential convention next Sunday and, if approval is effective if its refusal to be returned to the House of Representatives," he said. "In the event that over the ten days of receipt of the Council of the Convention has not been considered for which the decision-making window "As well. The Iraqi parliament approved Thursday, by 149 votes out of 189 deputies attended the meeting this Convention, which regulate the presence of U.S. forces in Iraq after the UN mandate granted to it until the end of 2008. For its part, Iraqi Foreign Minister Hoshyar Zebari is no need to sign a new Between Iraq and the United States, after the signing of the Convention in 17 of the current U.S. ambassador to Iraq Ryan Crocker. Zebari said in response to a question on the signing of a new Iraq and the United States of the Convention "was mandated by the Governments of Mr. Crocker was (commissioner) by (U.S. Secretary of State Condoleezza) Rice, and there is no need for another ceremony to sign "again. The Convention provides in particular for the withdrawal of" all the forces of the United States ", currently numbering 146 thousand troops" from all land, water and the atmosphere in Iraq no later than December 31, 2011 " . The plan also advocates the withdrawal of "all U.S. combat forces from the cities, villages and towns in Iraq no later than June 30, 2009 President's presidency Naseer al-Ani he assumed the Presidency received the Convention on the withdrawal of foreign troops from Iraq on Sunday for Confirming to become effective after two weeks. He Ani In the event that over the ten days of receipt of the Council of the Convention was not considered decision-making which the window "as well. The Iraqi parliament approved Thursday, by 149 votes out of 189 deputies attended the meeting this Convention, which regulate the presence of U.S. forces in Iraq after the end of the UN mandate granted to it until the end of 2008. For its part, Iraqi Foreign Minister Hoshyar Zebari is no need to sign again between Iraq and the United States, after signing the agreement on 17 of this month with U.S. Ambassador to Iraq Ryan Crocker. Zebari said in response to a question On the signing of a new Iraq and the United States of the Convention "was mandated by the Governments and Ambassador Crocker was (commissioner) by (U.S. Secretary of State Condoleezza) Rice, and there is no need for another ceremony to sign" again.

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Iraq's parliament discusses oil and gas law

Deputy Abdul Hadi al-Hassani, a member of the Commission on oil and gas in the Iraqi Council of Representatives that the council received the final version of the oil law and began its discussion.

Hassani said he was set up five committees to coordinate between the Kurdistan Regional Government of Iraq, officials and parliamentarians in Baghdad to find solutions to outstanding issues. He added that the atmosphere is ripe now to pass the law, especially after the cancellation of some contracts by the Government of the Territory and to approve the export of all Almtschrjp quantities of oil from Iraq's northern fields through pipes connected to the Turkish port of Ceyhan.

He said passing the bill would not only regulate the relationship between the Governments of the region and the Center but also to Iraq's relations with the outside world and international companies.

Translated version of http://www.radiodijla.com/cgi-bin/news/news_item.pl?id=2008-11-28%2007:34:06

Yacoubi: Convention security a serious violation of Iraqi sovereignty

Sheikh Mohammed Yacoubi criticized the Security Agreement between Iraq and the United States, approved by the Iraqi parliament, and the manner in which I passed in parliament, saying the Convention "a serious violation of Iraqi sovereignty."

Yacoubi said a religious authority for the Islamic Virtue Party in a statement issued by his office on Friday and received "Uzmatik" copy of "The agreement includes serious violations of Iraqi sovereignty in terms of bases and immunity of foreign troops and the Iraqi jurisdiction over crimes committed on its territory and its people."

Yacoubi said that "the Convention did not take into consideration the views of national sincere" and accused the parliamentary blocs as "did not comply with the conditions set by the religious authority in Najaf."

Yacoubi noted that "the Convention has not achieved national consensus called for by reference" noting that "national consensus can be achieved by a number of large blocs which is affiliated with the major components of the Iraqi people, but must verify the meaning of national consensus that this consensus is based on national interests High transactions and not to mutual interests and party factional according to the statement. "

He Yacoubi, who boycotted the vote the Islamic Virtue party to the Convention on Thursday "lack of transparency of the negotiations" on the Convention, accused of being involved "did not know the members of parliament and the text of the Convention only days before the vote and informed that the final text can not change it," he conceal version English of the Convention on the Iraqi side.

Yacoubi accused the U.S. of "using divisions among Iraqi political parties to the version that aims to close the door and want the amendment and ask them to ratify or threat of doom and gloom" as he put it.

The Iraqi parliament voted on Thursday to the Security Agreement by 148 votes to 35 votes, and the adoption of the convention comes after months of political wrangling between the blocs represented in parliament, the terms of the agreement called the Convention on the withdrawal of forces, which determine the status of U.S. forces in Iraq after the UN mandate It in 2008, opposed a parliamentary blocs pass the agreement, especially the Sadrist bloc, which took up banners inside the parliament members denounced the signing.

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Iraq says foreign oil contracts in Kurdistan illegal

(again!)

raq's Oil Minister Hussein Shahristani said on Friday the central government in Baghdad does not recognize the oil contracts signed by the Kurdistan regional government with foreign oil companies's. Comments despite the tentative agreement was reached on Thursday between Iraqi Oil Ministry and the authorities in the Kurdistan region was brought by the Self to allow exports of oil from Kurdistan to Turkey.

The company signed (De. That. Or) Norwegian oil concession contract with the Kurdistan regional government hopes to begin exporting about 100 thousand barrels per day in the first quarter of next year.

But al-Shahristani said the oil revenues produced in any place in Iraq due to the central government for redistribution to all regions of the country.

"He told reporters in Cairo" These contracts were not reviewed by the Ministry of Oil was recognized by the federal government. "

"The decision is that any oil produced in any part of the country should be handed over to the Federal Government and the Ministry of Oil will export. Revenue will go to the federal budget for distribution within the country."

Shahristani was speaking to journalists the eve of an OPEC meeting on Saturday

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Large commercial bank to be established in Kurdistan region

To enhance investment sector in the Kurdistan region, it is expected that a large commercial bank to be established recently by Falatris companies group supported by Swiss Companies.

Head of the Kurdistan Region Union Chamber of Commerce and Industry Dara Jalil Khayat told PUKmedia that a high-ranking delegation from the Falatris companies group visited the Kurdistan region for establishing a large commercial bank, studying all aspects of the proposed project with the Kurdistan region Chamber of Commerce and Industry’s Council in a meeting.

“There are 15 private banks in the Kurdistan region. Some of these banks are main branches and the rest are branches of giant banks in Baghdad and Basra,” Khayat said.

http://pukmedia.com/english/index.ph...=7877&Itemid=1