Thread: Archive News - Iraqi Dinar Think Tank - 08/09/09 - 09/01/10

Central Bank concludes its week by Financial $ 110 million

Concluded the Iraqi Central Bank said Thursday its week in the financial daily auction for the sale of foreign currency and the dollar low level of Sales of the dollar to 110 million and 485 Dollars After dropping The level of sales To 118 million and 165 thousand dollars and a stable exchange rate was 1170 dinars per dollar.

This was announced by the Central Bank I got in a bulletin A copy of which also states that the total sum of sales of the dollar were distributed between 1 and 500 thousand dollars in cash transactions in cash and bank shot at a fixed exchange rate was 1183 dinars, including bank commission of $ 13 dinars per dollar, and amounts transferred out of Iraq reached 109 and 985 thousand dollars around the World for cash at a fixed conversion reached 1173 dinars, including the World Bank commission of $ 3 dinars per dollar.

Did not make the 14 banks participating in the auction for any offers to buy the dollar, note that the bank earns a commission of $ (16) dinars per dollar with a discount (8) KD / USD on the amounts purchased.

http://al-iraqnews.net/new/iconomi/38192.html

Economic expert confirms the necessity of using federal budget funds in moving the national economy

expert stressed the need for economic exploitation of the federal public budget amounts approved by the Council of Ministers yesterday, amounting to 79 trillion dinars in moving the national economy.

Dr. Ali Al-Manie told the independent press (Iba) on Thursday that "harmony with the approach of the annual plan and objectives of the Five-Year Plan of the State, with an emphasis on the availability of a feasibility study for new projects of the ministries and provinces has become an urgent need to change the economic reality for the better."

"The government should take those assignments will be given financial responsibility for achieving the desired objectives of the investment projects in addition to the implementation of material and financial aspects of the investment plan as part of the timetable for the implementation of financial and material support."

He inhibitor on the "should be linked Almoisntin investment and ongoing financial and economic reform with an economic feasibility study for investment projects. Supervising called for projects by local authority in the provinces and coordination of development plans between the ministries and provincial councils."

Mani warned of "continued reliance on oil as a resource in the unilateral promotion and imports the general budget of the state."

The government spokesman Ali al-Dabbagh said in a statement yesterday that cover the budget deficit in 2010 will be retained by the amounts of 2009 and the issuance of treasury transfers and borrowing from the IMF and World Bank to proceed with the policy of rationalization of government spending ... and distributed the amount of the expenditure budget investment of $ 21 trillion dinars, and operating expenses amounted to nearly 58 trillion dinars.

http://www.ipairaq.com/index.php?nam...onomy&id=16508

Iraqi Board of Supreme Audit to win membership of the Organization ASOSAI for the first time in its history

Won the Iraqi Board of Supreme Audit Board member of the Asian Organization of regulatory agencies ASOSAI.

A press release by the Trial Court published in the media and the independent press agency said that the win came at the meeting of Cabinet Assembly atheist ten, which was held in Islamabad, Pakistan, adding that this was the first win in the history of Supreme Audit in Iraq since the founding of ASOSAI.

The regional organization ASOSAI professional non-political, founded in 1979 in New Delhi and its membership includes 43 top financial watchdog of the continent of Asia, where the organization is currently headed by the top watchdog in China.

http://radionawa.com/Ar/NewsDetailN....489&LinkID=105

Signing of a memorandum of understanding in the field of contacts between Iraq and Turkey

Communications Minister Farouk Abdel-Qader said his ministry will sign on Thursday a memorandum of understanding with the Turkish side in several areas.

He said Abdul Qadir in a press statement that he would sign a memorandum of understanding with the Turkish side in several areas, including mail, Internet, telecommunications, indicating that he will cooperate with the Turkish side to extend the optical cables from the Internet via Turkey and to Aruba.

And added that he was in Turkey on Monday, Wednesday, was scheduled to sign this note, there are, but Turkish Prime Minister Erdogan felt to be signed with other ministers at today's meeting.

http://radionawa.com/Ar/NewsDetailN....515&LinkID=105

MP Fuad Masum: postpone the vote on the election law until next Monday

Political blocs agreed to postpone the vote on the election law until next Monday instead of Thursday, the last day set by the Electoral Commission.

The head of the Kurdistan Alliance bloc in parliament Fuad Masum, he does not expect the city to become an obstacle to the adoption of this law, pointing to the possibility of reaching an agreement between the political blocs around him, especially from the political blocs outside of Kirkuk.

The Electoral Commission has said that it would resort to the adoption of the electoral law for the former in 2005 if parliament failed to approve the new law within the time limit set, which ends on Thursday.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-15

The region's government halted oil exports following disagreements with the central government

Kurdistan Regional Government suspended the export of oil from fields in the territory following the differences over the mechanism for paying money to the foreign firms.

The Minister of Natural Resources of the Government of the province had been drastically to stop exporting oil from the Kurdistan region until reaching an agreement with the central government to develop a mechanism for the payment of oil companies operating in the region.

This includes export in the offing about ninety thousand barrels per day through the Kirkuk pipeline towards the Turkish port of Ceyhan on the Mediterranean.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-15

Iraq buys 2 used oil tankers for about $58 million

An Iraqi oil ministry officials says the country has bought two South Korean tankers to be used for importing oil products.

Youssif al-Timimi, who is in charge of sailors' affairs at the Basra-based state-run Iraqi Oil Tankers Co., says each ship has a 13,000-ton loading capacity.

Al-Timimi told The Associated Press on Thursday that the two secondhand tankers, named Baghdad and Shatt al-Arab, were bought for about $58 million.

They will join the country's two oil tankers named after Iraq's main rivers, the Tigris and the Euphrates. Iraq's oil tanker fleet was battered by the 1980-88 Iran-Iraq war and by the first Gulf War.

The ships are currently in the United Arab Emirates and will be in Basra within a week.

http://www.cnbc.com/id/33325129

Zuhair Mohammed: I do not expect the vote on the election law on Monday

Rep. Zuhair Mohammed Amin, the Kurdistan Alliance, "he did not expect to be voting on the election law on Monday because differences remain over Kirkuk."

And was scheduled to vote on the election law on Thursday but was postponed to next Monday.

The secretary in contact with the agency and the independent press (Iba), "The main obstacle to approval of the law is a question of Kirkuk and the insistence of the independent Arab bloc to hold elections in Kirkuk, in the light of the four electoral districts, while you want the Kurdish bloc on the basis of the same constituency."

Noting there "said the postponement to next Monday, and according to legal rules of procedure, which provides for four days to approve the law."

Said Amin, "The insistence of the Arab bloc of independent applications is to hold an issue with the knowledge that the Kurdish bloc had shown flexibility in this aspect."

Face obstacles to the election law passed because of disagreements among parliamentary blocs, a number of articles about the most important with respect to the subject of Kirkuk, in the case not to vote on the law would be to resort to the old law, which means choosing the closed list, which rejected the majority of the people.

http://translate.googleusercontent.c...Pn3jvy92ceZeEw

Maliki announced the signing of more than 40 agreements with Turkey

Prime Minister Nuri al-Maliki to sign more than 40 Memorandum of Understanding and an agreement with Turkey during the visit of Turkish Prime Minister Recep Tayyip Erdogan to Baghdad with a ministerial delegation on Thursday.

Maliki has demanded ministers of both countries to continue the meetings and dialogues to transform what had been agreed to a working paper to serve the interests of the two countries, indicating that the memoranda of understanding and agreements covering various sectors in health, transport, agriculture, etc. And it came to activating the Supreme Council for the strategic relations between the two countries, calling on Turkish companies and international organizations to contribute to the reconstruction of Astertijeth Iraq and support for the overall development

http://radionawa.com/ar/NewsDetailN....9599&LinkID=99

Raise the volume of trade exchange between Iraq and Turkey to U.S. $ 20 billion

Baghdad and Ankara signed 48 conventions and protocols on the first day of the visit of Prime Minister Recep Tayyip Erdogan to Iraq, which began on Thursday, accompanied by a delegation comprising a number of businessmen and investors from the Turks.

Promised Prime Minister Maliki in a joint conference with his Turkish counterpart, after the signing of notes, the relationship with Turkey a model for relationships that Iraq might wish to establish with neighboring countries.

For his part, Erdogan revealed the two sides agreed to raise bilateral trade volume to U.S. $ 20 billion.

Erdogan noted that Turkey has already begun to increase water releases to Iraq via the Tigris and the Euphrates, pointing out that his meeting with members of the Iraqi parliament on Thursday focused on this issue.

http://radionawa.com/Ar/NewsDetailN....564&LinkID=105