Thread: Latest News - Iraqi Dinar Think Tank - Discussion

To handle small currency .. Central Bank undertakes the replacement of damaged

Economists called for citizens to address the category of currency and small to support the value of the Iraqi dinar, with the exchange of the citizen and the bank's responsibility not to accept the circulation in the market, while the central bank pledged replace currency damaged.

A number of experts in their talk: the fact that such groups led to the forced some vendors to increase the price of the material sold, with no turnout and widespread of its citizens and even the staff led to the accumulation, indicating that government departments refuse to receive their salaries, estimated at billions currencies, small even by (5%) of them.

He Alckheon that the small change in the Iraqi market are almost missing but are available in banks and dramatically.

The General Director of Bank of Iraq when we spend our salaries (inlaid) currency small we receive complaints from citizens and staff, so we have to pay the salaries of currencies, only large.

For his part, central bank adviser said the appearance of Mohammed Saleh said that This small change has not been returned from the banks to the Central Bank until Nawwadha currencies new, noting that the banks receive only coins large because the quantities are small and the cost of counting and sorting easier, that's what motivated us to re-structure of the Iraqi currency deleting three zeros from the currency.

Saleh added We set aside one day a week to receive from the banks of these currencies small damaged Nawwadha categories of modern and without any costs, noting that the central bank is ready to provide the bank with any amount of small change.

He said that if we compensated banking groups small there is no need to print currency and an average of category (2000.3000) dinars.

and clearer if there is a currency and an average that does not mean that the currency of Iraq will be strengthened, but merely a means to facilitate the payment of coins.

He pointed to groups of mineral if is work to facilitate us a lot of things because the old chief extends to more than (15) years.

As pointed Chairman of the Economy Bank Husam Obaid Ali to the need to return the coin, as was the case in the past to strengthen the Iraqi dinar.

Ali said: that the small change would be acceptable in the Iraqi market if it has value, and called to be There are planning to make the dinar value measured in dollars and this is by printing Coins to strengthen the Iraqi currency.

For his part, Mohammed Jabbar: Most banks acted us the salaries of currencies with small groups and contain a lot of banknotes damaged so that some can not handle it and refuse by the sellers.

As pointed out by 'Ali that a few small groups in the local market generates considerable embarrassment when buying any material which results in a forced seller to increase the price of the material sold.

http://www.almustakbalpaper.net/Arti...w.aspx?ID=6563

$ 6 billion investment attracted Iraq since the beginning of the year

Sami al-Araji Chairman National Investment Commission of Iraq that Iraq was able to attract investment worth about six billion dollars for the projects have been licensed since the beginning of the year to help rebuild the country after years of war and sanctions. told Araji told Reuters in an interview that most of these projects in the sectors of housing, infrastructure, and also in services, telecommunications and cement. He attracted in the first half of the year ... About six billion dollars is the total value of projects licensed. and needs Oeith Iraq war to investments in all sectors to rebuild the country.

The aim of the government in the framework of five-year plan for economic development to attract investments worth $ 86 billion by 2014. Among the most pressing needs of the development of the vital oil sector in Iraq and build housing and develop agriculture and increase the production of electricity to reduce the chronic shortages of supplies. Araji said that he was to attract investments worth $ 23 billion since 2009 to some 542 projects licensed in various parts of the country.

Among the most projects National Commission for Investment and ambitious, which was announced in March to build one million new housing units with an average of $ 50 thousand dollars per unit for a total of $ 50 billion. and reached the agreement with Hanwha South Korean engineering works and construction in May on the draft includes 100 thousand units. said Araji said he expected to reach another agreement to build 100 thousand housing units in Basra with the consortium led by the group (T. R. A.. K), South Korea.

He said he also hopes to reach an understanding with Hanwha and "T. R. A.. K" to adopt each 100 thousand housing units. The aim of Iraq plan for the years 2010-2014 to diversify the economy through the participation of public and private sectors in the industry and attract more investment. Araji said that the investments in the first half of 2011 was better than the previous two years but the crisis in the euro area and disorders in the Arab region and the general situation of the global economy are all factors that contributed to reducing the chances of signing major deals for foreign investment. acknowledged Araji that corruption is a problem in Iraq, but said the commission had not received any complaints and that the government take measures to fight corruption. According to the latest annual report of Transparency International, Iraq is among the most corrupt countries in the world.

http://www.iraqdirectory.com/Display....aspx?id=16405

House of Representatives discusses the investigative report of the Committee on telecommunications service in Iraq (mobile)

that discusses the Iraqi Council of Representatives at its Monday report of the investigative on telecommunications service in Iraq (mobile phone).

The MP for Iraq to meet with the pink Mahdi network news Iraq, said today's meeting will vote on the draft cooperation agreement between the Government of Republic of Iraq and the International Organization for Migration. The vote on the draft law the Higher Institute for Research on embryos and treatment of infertility. (Commission on Higher Education and Scientific Research). As well as discuss the report of the Committee Althakikh about the reality of telecommunications service in Iraq, and a report on the reality of power in Iraq.

She Pink said the session will see the first reading of a bill supporting the Fund, the dormitories at the Ministry of Higher Education and Scientific Research. and first reading the draft law to support small income generating activities. In addition to the first reading of a draft law on ratification of the Memorandum of Understanding between the Government of the Republic of Iraq and the European Union regarding the strategic partnership in the field of energy.

For his part, MP for the rule of law Adnan lipoidica and the first reading of the draft law of the parties, as well as the second reading of the draft Law on the Ministry of Industry and Minerals.

He lipoidica said the session will see the second reading of the draft law the UN Convention on the Rights of Persons with disabilities, noting that Monday's session will also discuss the government program.

http://www.anbaaiq.net/ArticleShow.aspx?ID=1610

Pressures exerted by some political blocs delayed read a report on Zain

Parliament postpones discussion paper poor mobile services and the leakage of information they contain recommendations to withdraw a license Zain at a time when it was announced by the Parliamentary Integrity Committee, Dr. Osman Algehiche for the Tripartite Commission tasked with investigating the issue of services, mobile phone companies in Iraq, requested a postponement of discuss the results and that the decision discussed in the parliament during a session on Monday, until further notice, and According to parliamentary sources said the results reached by the Committee included the diagnosis of many violations against companies, in particular, Zain, and would recommend to refer the matter to the Integrity Commission and the judiciary on the subject of failure Zain pay Bzmtha money for the treasury of Iraq.

He Algehiche's (Citizen) The Commission investigative where members representing the Integrity Commission and the Legal Services Commission, and began its work by more than a month and a half and started on a daily basis to collect evidence, and also conducted several calls to officials in the form of communications and government officials are concerned contracts with these companies, these contracts and placed in the circle of suspicion.

He had been scheduled to provide the Commission the results of their investigations during the session on Monday, but was postponed because of several paragraphs on the agenda.

and on the agenda of the meeting between this meeting is the 16 in the legislative year second session was chaired by Osama Najafi and 210 attended Deputy agenda included voting on the government program and project cooperation agreement between the Government of the Republic of Iraq and the International Organization for Migration, has been postponed discussion of two reports on the first mobile services and the second about the reality of electricity. There is also a first reading of bills Fund support internal departments in the Ministry of Higher Education and Scientific Research, and a bill supporting small income-generating and the draft law on ratification of the Memorandum of Understanding between the Government of the Republic of Iraq and the EU regarding the strategic partnership in energy and a bill of parties and a second reading of the draft Law on the Ministry of Industry and the law of the United Nations Convention on disabled people.

For its part, announced the inquiry by communications services to mobile phone companies in the House of Representatives yesterday, the first that "the debt on the mobile phone companies operating in the country is considered one of the outstanding debts of the state which can not be extinguished, and threatened one of its members in statements to the media that among the recommendations is to withdraw the license in the event of lack of commitment by companies to pay the debt of $ 3 billion and U.S. $ 250 million.

The Committee had held a meeting with mobile phone companies in the past month to discuss a number of issues, including poor service, and the gates of influence and international debt dusty by the state and agree on the outline of the work during the next phase with said member of the parliamentary charge of an investigation into the firing of Iraqna 5 million lines of an informal Ihsan Al-Awadi told the Kurdish news agency that the "pressure exerted by some political blocs led to the postponement of reading a report about the launch of Zain Iraqna 5 million landline is not carrying frequencies fundamentalist by the media and communications."

He added that "the Commission set up by the House was determined to read the report of the mobile launches" Zain "Iraqna not that the legal arguments called for the need to read it next week in the presence of a Vice-President of the Iraqi Council of Representatives."

He pointed out that "the decision to delay reading the report of the fonts are not licensed will cause financial and managerial problems of the media and contacts with Zain Iraqna."

He said, "Communications and Media Authority assured the companies that it will deal firmly and legal with any of the companies contact the three (Zain Iraqna, Asia Cell and Cork) are waive the contract concluded with the Commission."

http://almowatennews.com/news.php?action=view&id=24283

BP accused of 'BP' to control the Iraqi economy

Revealed confidential documents that the company's oil giant British 'BBC' accused of controlling the Iraqi economy after the approval of the Baghdad government to pay the proceeds of her even after the stoppage of oil production from the Rumaila, which won a contract to run.

The newspaper 'Observer' on Sunday, citing secret documents, The holding operation of Rumaila, the largest oil fields in Iraq "has been reformulated in grants (BP) The right to compensation, directly under any circumstances stop the field of production for security reasons or decisions of the Iraqi government to cut production." She added that the move would affect the decisions Political taken by Iraq in relation to the Organization of Petroleum Exporting Countries (OPEC), as it is a departure from a senior for the original terms of the agreement, which took place the summer of 2009.

And provide the oil industry about 95 percent of the proceeds of Iraq's foreign, and there are plans to increase production Rumaila at a rate three times in the coming years the level of its current production of one million barrels per day. The newspaper quoted Greg Muttitt expert on oil and the author of the book (and fuel to the fire: Oil and politics in occupied Iraq) as saying, "The auctions were conducted on the oil of Iraq, portrayed as a model for Chweih and negotiating victory to the Government Iraq, but we see reality now is quite different from that, there was an agreement behind the scenes gave the (BP) stronghold in the heart of the Iraqi economy, and even influence the decisions of OPEC."

She pointed out that the secret documents seen by showing that the terms of the original agreement that developed by the Iraqi Oil Ministry and provides that (BP), a contractor and an operator rather than the owner, has been modified to make the British oil company and its partner, China National Petroleum Corporation in a position more advantageous position to get returns even in no-stop Rumaila production for reasons of security or political. The press reports revealed that British ministers discussed plans to exploit Iraqi oil reserves with the major oil companies in the world, a year before Britain's participation in the invasion of Iraq in 2003, and held five meetings with oil companies BP and Shell in late 2002.

She said that the contracts concluded after the invasion of Iraq for twenty years and is the largest of its kind in the history of the oil industry, covering half Iraq's oil reserves amounting to 60 billion barrels of oil, and purchased by companies such as BP and China National Petroleum Corporation, which will get the profits of the framework of a joint venture up to 403 million pounds (658 million dollars) from Rumaila only in southern Iraq.

http://www.iraqdirectory.com/Display....aspx?id=16423

Iraq's parliament warns the government delayed the issuance of oil law

Warned the Iraqi parliament on Sunday the government it will adopt a new draft law of oil has been delayed a lot if the government continued to impede the primary legislation, which sees investors a basic guarantee of stability.

Remained a draft law of oil and gas in Iraq for years under preparation but has faced opposition with regard to who controls the fourth largest oil reserves in the the world that there is a part of it in areas disputed between Arabs and Kurds, some of them in northern Iraq's semi-autonomous. Osama al-Najafi, Chairman of the Iraqi parliament that the parliament's energy commission has proposed a new draft, and if the government continued to postpone the law of oil and gas in Iraq will go the parliament forward with approval of the draft new law.

Has been the oil law is one of several difficult issues facing the new Iraqi government since it was formed at the end of December after more than nine months of wrangling that followed the inconclusive parliamentary elections. And investors awaited the law was passed to ensure a legal framework more coherent with regard to human exploration. It also represents the law of vital importance in achieving political reconciliation in Iraq while trying to rebuild its capacity after years of war. Even without the law, Iraq has signed already contracts worth billions of dollars with international companies to develop oil fields, according to the law dates back to before 2003, when invasion toppled US-led overthrow of Saddam Hussein. and in 2007 the government approved a draft law of oil and gas in Iraq's new but has encountered opposition in parliament, re-again for the government to intervene by the amendments.

And enter Iraq, some amendments to the law, which decline of parliament's energy commission. Hamzah said the jeweler, an oil analyst based in Baghdad told Reuters: "It is clear that Parliament is trying to pressure the government to liberalize the law has been delayed a lot, but it will not solve the Almchkh but will create more turmoil. "to Parliament must realize that the only way out of this thing is a political agreement with the Kurds. "

http://www.iraqdirectory.com/Display....aspx?id=16419

Maliki: We hope to reach a meeting of leaders of blocs today to the final decision on the U.S. withdrawal

Prime Minister Nuri al-Maliki on Tuesday, expressed the hope that come the leaders of political blocs during the meeting, which will be held today, the final decision on the need for Iraq to keep U.S. troops or not, calling the need for continued cooperation and coordination between the two sides, while the Authority chairman Joint Chiefs of Staff U.S. Army readiness of his Government to provide support for Iraq in all fields.

Said Nuri al-Maliki said in a statement issued by his office and received "Alsumaria News," a copy of it, on the sidelines of his meeting with Chairman of Joint Chiefs of Staff U.S. Army, Admiral Mike Mullen, said that "the final decision on determine the need for Iraq to keep U.S. troops or not to the political blocs and the parliament," and expressed "hope that come the leaders of the blocks at their meeting to be held, today, a final decision in this regard."

Arrived Chief of Staff, U.S. Admiral Mike Mullen, on Monday, to Iraq on the eve of the meeting of Iraqi leaders to take a position on the possibility of application of these forces to extend stay in the country until after the withdrawal date scheduled end of the year 2011. And called on Maliki to "the need for continued cooperation and coordination between the two sides regardless of the nature of the decision befo*****d by the leaders of the blocs," stressing "the need for continued cooperation armament between Baghdad and Washington, especially on the subject of air defense and securing Iraq's need urgent for this type of defense."

For his part, voiced chairman of the Joint Chiefs of Staff U.S. Army Admiral Mike Mullen, the "willingness of his Government to support Iraq, including needs and cooperation with the Iraqi government to face various challenges," and expressed "admiration for the achievements of the Iraqi security forces of progress at various levels." He Mullen, "I was in Mosul, noted progress in the performance of Iraqi forces, the level we did not expect before two years from now," calling for "more corporate presence U.S. in Iraq and effective contribution in the reconstruction process under way in it." is scheduled to convene leaders of political blocs on Tuesday (second from August 2001), held a meeting at the home of President Jalal Talabani to discuss a number of files, including the need for Iraq to the readiness of U.S. forces or not, with announced that the Iraqi List, said on Monday she would not attend the meeting convened by the President of the Republic of Iraq blocks a mechanism to solve the political crisis if the 'protocol,' such as town meetings past, required to obtain guarantees that the coalition of state law would abide by the application of the terms of Arbil to attend the meeting.

http://www.alsumarianews.com/ar/1/25...-details-.html

Commission: withdraw the license of mobile phone companies in the event of non-payment of debt

Committee announced that the investigation by communications services to mobile phone companies in the House that the debt arising from the mobile phone companies operating in the country is considered one of the outstanding debts of the state which can not be extinguished, noting that on Monday will be a date to read the special report prepared by the Commission for these companies.

A source Committee official statement "of the Agency news," Sunday, that the debt owed ​​by mobile phone companies is one of the (debt outstanding) of the State which can not be extinguished, indicating that the Committee had prepared a recommendation compelled to withdraw the license in the absence of the obligation to pay these debts.

http://ar.radionawa.com/Detail.aspx?id=12104&LinkID=197

Senior Economist calls for verification of bank joint project with Iran and Turkey

Called economic expert peace Sumaisem, Monday, to check the project of establishing a joint bank includes Iraq to the side of Iran and Turkey, fearing the impact of the fact that Iran is besieged economically.

The Sumaisem for "agency Voices of Iraq", it can not be Iraq's violation of UN Security Council that Iran has been under siege economically that may try to look for outlets, they can enter through individuals and not as by the state, a sign that there are some individuals are listed in the list of prohibitions International.

and called Sumaisem based on the bank to realize the size of risk that can occur when dealing with Thus the project because at any moment possible to withdraw these funds, the matter is subject to the issue of money laundering, manage and track, noting that on the other hand we can take advantage of this circumstance by taking the conditions profitable for Iraq to allow them to enter the fields of investment, even as individuals.

She noted expert to create a bank that will activate the movement of funds and absorb the material or economic crises, noting that the presence of such banks will open communication channels the movement of global capital and the transfer of banking technology in the world to Iraq.

http://ar.radionawa.com/Detail.aspx?id=12293&LinkID=197

Economists fear that America refuses to refund the Gulf sovereign

Experts expect to face the economies of the Gulf spiral of problems with the growing risk of U.S. debt vast region that is linked to most of their currencies to the U.S. dollar tumbling.

and ruled out those that succeed, the government easily divest the huge U.S. market starved of funds.

With the worsening crisis experts expect serious consequences to the decline in dollar, which refers to entering the area at risk, whether the deteriorated value of U.S. currency, to very low levels.

The economic expert from Bahrain, the largest Jafari, speaking of "the Arab. Net", that the U.S. economy suffers from structural imbalances emerged with the errors clearly through the the last period, and stated that the funds that were taking place in American markets during the previous period was the most money and which are fake Astadt real money and entered into a cycle of loss.

http://ar.radionawa.com/Detail.aspx?id=12291&LinkID=197