Thread: Archive News - Iraqi Dinar Think Tank - 06/05/09 - 04/09/09

140 Iraqi lawmakers call for summoning the Iraqi oil minister into the Iraqi parliament

Iraqi lawmaker and Determiner of the gas and oil parliamentary committee Jabir Khalifa Jabir addressed a document to the presidency of the Iraqi parliament for summoning the Iraqi oil minister Hussein al-Shahristani into the Iraqi parliament, PUKmedia correspondent in bigheaded reported.

“The call came due to the deterioration of oil sector and mismanagement of oil in Iraq,” Jabir Khalifa Jabir told the reports in Baghdad on Saturday.

On his part, Iraqi lawmaker Ali Husain Balu said that 140 Iraqi lawmakers have signed on the memorandum for summoning the Iraqi oil minister Hussein al-Shahristani into the Iraqi parliament.

http://pukmedia.com/english/index.ph...10987&Itemid=1

Central Bank Warns of withholding foreign currency reserves to cover expenses of government

The central bank warned it was given the opportunity to cut the foreign currency directly from the bank reserves to cover the expenses of different government.

The source said the central bank in this context that would weaken the ability of monetary policy on the production prospects for stability, which is the central function and purpose of the work of the Central Bank to create appropriate conditions for the reconstruction of permanent reserves through that movement.

He added that the launch of calls sticky income from foreign currency bank sources within the general budget of the Convention, and the confusion between the functions of the mobility of foreign reserves of the Central Bank and the investment allocations of the budget is a weakening of the ability of monetary policy and the exchange rate of the dinar against foreign currencies.

http://209.85.227.132/translate_c?hl...EkJaZRxwqa3FaQ

m.obile p.hone companies requiring the adoption of the gates of international influence

An official source of the ministerial committee in charge of m.obile phone licenses that the Commission held its last and took a number of recommendations in a four-hour meeting on 24/5/2009.

The source added to the reporter The meeting of the Committee was based "on the deadline set by the Council of Ministers Decision No. 53 of 2009 containing the approval of the Council of Ministers on the remaining installment of the amount of the license due to m.obile p.hone companies in three annual installments and the interest rate of 4% improvement in the condition of cellular telecommunications service within three months from the date of the adoption of the resolution and confirmed by the Ministerial Committee in charge of m.obile p.hone licenses.

The source explained that the Commission made five recommendations to the Council of Ministers and bind the three companies involved (Zain Asia Sale Cork) the obligation to influence the international gates belonging to the Ministry of Communications and the rhythm of fines totaling more than $ 20 million to three companies that do not include such fines the rights of citizens affected of the companies will decide later."

http://209.85.227.132/translate_c?hl...KqPQZTiPzVL8Dw

Coming Soon to export oil from Kurdistan through Turkey's Ceyhan

Said Ali Hussein, Vice Chairman of the Committee on Blue oil and gas in the House of Representatives that all technical procedures have been completed for the export of oil from the Kurdistan region of Iraqi oil through a pipeline that runs to the Turkish port of Ceyhan. He added: "The technical procedures have been completed have been linked to these fields with the Iraqi oil pipeline, which linking Kirkuk and Ceyhan, which in the case of fully prepared for export. "

This is awaiting the Ministry of Natural Resources in the Kurdistan region the approval of the Federal Government to begin to export oil from the fields of the Kurdistan region of Iraq was linked to the pipe and the proceeds will go to the central treasury.

http://209.85.227.132/translate_c?hl...XYtQlPYxvDNpLQ

Financial planning to convene a conference of global banks

Ministry of Finance revealed its intention to convene a conference of global banks in Baghdad, with global companies and banks. A source at the ministry told the independent press (Iba) that the conference idea, which emerged after the visit of Minister Baqer al-Zubaidi recently to Bulgaria, will be along the lines of the International Conference held by the ministry in Baghdad a few months ago and aims to strengthen the role of Iraq in the area of banking and the use of international expertise in this area. He added that the minister's visit to Bulgaria, had resulted in agreements for partnerships between the two countries, the banking and encourage the private sector and the promotion of investment opportunities in the banking sector, indicating that the Bulgarian side expressed willingness to visit Iraq and support of local expertise in the areas of finance.

The source continued that the Bulgarian Minister of Finance stressed the need for mutual cooperation and open the way for Bulgarian companies to participate in the reconstruction of Iraq. It should be noted that during his visit Zubeidi called Bulgarian banks to invest in Iraq and to open branches in Baghdad and the provinces.

http://209.85.227.132/translate_c?hl...l8qxOoGhLKjNlQ

Zubeidi of the "morning": seeking a loan of 7 billion dollars from the International Fund to cover the deficit
Announced plans for talks with the United Nations to extinguish the debt of the country and revealed the fraud to foreign companies

The Finance Minister Baqir Jabr Zubaidi on the efforts to sign an agreement supported by a new International Monetary Fund will pave the way for Iraq to obtain a credit of up to seven billion dollars to cover the deficit, which may happen during the current year and future Pointing out the proximity talks in Baghdad between the government and the United Nations to extinguish debt and compensation Iraq and support the country in various fields.

Zubaidi said in an interview with the "morning" that the Ministry of Finance is now moving through the coordination with other ministries, to draft a new budget for a period of three years, described the matter as it happens for the first time in the history of Iraq, pointing out that the Ministry's assurances and estimates related to positive the export of oil during the three years to be developed within this Alstrutejiat future. The Finance Minister: Iraq initiated the adoption of a new direction in addressing the remainder of the debt of some countries to persuade them through the abolition of the (debt) for the award of these countries and investment opportunities promising, indicating that the Government was currently trying to resolve the issue of reparations claims against Iraq, through the benefit from the protection provided by the administration of U.S. President Barack Obama to the Iraqi funds abroad.

He hoped that affect the loan obtained from the International Monetary Fund, the prices of oil derivatives or ration provided to the citizens, denying a request to host it under the Dome of the House of Representatives, at the same time stressing that his ministry had made great achievements in record time.

The Zubeidi on the recovery of money from the government as far as the rules of Alambad, the most prominent of the amount of $ 360 million were registered in the name of Saddam's lawyers, left-Dulaimi, will be transferred in the coming days to the Development Fund for Iraq.

He expressed a real fear of Iraq's assets from foreign companies with debts of $ 6-7 billion dollars, some of the facts and other allegations, such as falsifying documents Ktwakia former Ministers of Finance and signature (Zubeidi), was used as the name of the locomotive is also the minister of fraud, but he said: "The ministry requested the establishment of the Legal Counsel of the lawsuits against individuals, companies, and we will work on the protection of Iraqi funds.

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Bankers are demanding the establishment of a mixed commercial bank .. And civil Alshabibi urges banks to play a greater development

Asked the bankers need to set up mixed with a commercial bank has urged the Iraqi Central Bank Governor Sinan al-Shabibi development to play a greater role of financial status after the low levels of inflation during the last period. Said Dr. Sinan Al-Shabibi (term) during the conference organized by the Association of banks, Iraqi civil Saturday in Baghdad: the situation in the financial and monetary stability Maitanm we transition to productive activity, adding that interest rates declined following the low levels of inflation Madjal areas available to the system, which requires investment advanced banking.

Shabibi said that the Central Bank of Iraq is working procedures for cash in order to fight inflation, where he worked to maximize deposits to reduce spending by bringing the resources of the banks, noting the efforts made by the bank to reduce inflation and work on the transition to the productive sector and not to adopt a different method to deposit funds in banks, but she went to the market directly.

To this end, many businessmen and managers of private banks need to increase the share of private banks and the creation of a common area with the Central Bank to stabilize its role, demanding the establishment of specialized bank is capable of opening credits or interest-based bank to open documentary credits.

For his part, said Dr. Mohammad Saleh, the appearance of Counsel at the Central Bank that there is a need to create the company to ensure that deposits, which are now in the State Consultative Council, as the law pointing to the need for the entry of private banks in government projects and the transition from activity to activity, the exchange of financial development.

In response to questions from the bank before the central bank governor said that we are in the process of assessing the current stage and to reach a common vision to enable us to establish a mine, a commercial bank, referring to the actions of a process that gives certainty to the situation of the banks to the private sector in order to be able to exercise and keep up with his progress in the banking system.

Alshabibi alluded to the measures taken by the Central Bank to maintain the strength of foreign exchange reserves in order to maintain stability on the monetary system and the maintenance of price stability of the dinar against the U.S. dollar.

With regard to the issue of ownership of real estate Alshabibi He was a global issue which is part of the movement of the work and decisions taken in this regard as well as providing the means of production.

The central bank governor urged the need to develop ideas with regard to the seriousness of the civil work of banks in a bid to raise its work to bring them up to the movement of work and investment is expected to take place after the opening of the door of investment in Iraq.

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Demand for the dollar drops further on Monday

Demand for the dollar dropped further in the Central Bank of Iraq (CBI) auction on Moday, reaching $154.185 compared to $160.163 million in the previous session.

“The demand hit $52.220 million in cash, covered by the bank at an exchange rate of 1,176 Iraqi dinars, and $101.965 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 17 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=113667

Mullen: US Forces exit from Iraq on track

Admiral Michael Mullen, the chairman of the Joint Chiefs of Staff, said the withdrawal of US combat forces from Iraq remains “very much on track” despite recent spike in violence.

In an interview with the ABC News, the top US military officer said that US force levels in Iraq would drop to between 35,000 and 50,000 troops by August of 2010.

In the wake of recent suicide bombings which one killed 26 people including three US soldiers while 34 were wounded in a car bomb targeting a US patrol in Mosul, Mullen acknowledged that the country is witnessing a new wave of violence, yet, he noted that the level of violence is similar to the year of 2003 adding that the situation is still fragile.

Mullen’s interview came at a time when attacks are out breaking raising fears that Iraq will burst into violence again after US combat troops depart the cities as scheduled by June 30 and amid withdrawal of all US troops by the end of 2011.

On the regional level, the chairman of the joint chief of Staffs believed that Iran still needs from one to 3 years before it gains the capacity to manufacture nuclear weapons while time is running on diplomacy meant to resolve this issue.

http://www.alsumaria.tv/en/Iraq-News...-on-track.html

Iraqi Forces ready to take over security

Brigadier Qassem Atta stressed on Iraqi Forces capacity to take over from multinational forces at the end of June. In a joint press conference held with multinational forces spokesman David Perkins, Atta affirmed that bilateral agreements are held between Baghdad Operations Command and the follow up committee of national reconciliation to decide about Sahwas.

For his part, General Perkins said he is not sure that Abou Omar Al Baghdadi is one of the detainees held by Iraqi authorities clarifying that the US military will pursue its role to uncover the role of this person.

Perkins affirmed that the US Army has no evidence to contradict Iraqi intelligence in this regard noting that US military intelligence is working closely with its Iraqi counterpart to resolve this riddle.

http://www.alsumaria.tv/en/Iraq-News...-security.html