Thread: Archive News - Iraqi Dinar Think Tank - 01/10/09 - 27/03/10

Central Bank: our policy to attract funds for banks to curb inflation in Iraq

The Governor of the CBI that the Bank's policy is to attract funds to Iraqi banks and not the other way to reduce inflation in Iraq, while an adviser may take private banks in Iraq are still not able to advancement of monetary policy in Iraq.

The governor of the Bank Shabibi said in an interview for "Alsumaria News," that "the Iraqi Central Bank's policy is to attract money to our banks instead of lending to curb inflation in Iraq," adding that "the central bank is keen to make the interest rates higher or equal to the inflation that is in Iraq in order to encourage citizens to save and contribute to the flow of funds to the Central Bank instead of the flow of the market, which raises inflation in Iraq."

He Shabibi that "the Iraqi Central Bank is closely watching the market and the level of inflation in Iraq," adding that "the interest rates during these two months commensurate with the inflation that exists in Iraq."

The Central Bank of Iraq has been reduced over the past month interest rate one point to 6% to match the annual inflation rate in Iraq this year, amounting to 6% after the reduction in the month of June from 9 to 7% to match the decline in the rate of inflation, which reached 7% in 2009.

For his part, the central bank adviser said the appearance of Mohammed Saleh said that "the Iraqi Central Bank has succeeded in recent years in reducing inflation in the country from high levels to levels that helped Iraq to move the process of economic development," he said.

Saleh pointed out in an interview with "Alsumaria News", "The annual inflation in the country dropped from 50% in the past years, to 6% this year after stabilizing the economic situation in Iraq," noting that "the process of stability and low inflation must be followed by the side of management reforms currency, including the introduction of information technology and reform the system of monetary management in the country."

On the other hand considered that the benefit of "private banks in Iraq are still not able to advancement of monetary policy in Iraq, because there are two major problems, first is the fact that private banks in Iraq, family and small banks closed and does not accept the integration and expansion, with the second problem lies in the direction of anti - the free economic and private sector in Iraq, "noting that" there are some totalitarian ideas of some government departments that continue to suppress the private sector and economic freedom in Iraq, "he said.

The Chancellor confirmed that the benefit of the "Central Bank supports private banks by maintaining its integrity and to strengthen their capital to serve the development of the Iraqi economy according to the rules and laws."

The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March, 2004 and incurred by the bank is responsible for maintaining price stability and monetary policy implementation, including price policies exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

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Iraq signed a preliminary agreement with the two Chinas to develop the Missan oil

Oil Minister Hussain al-Shahristani said on Sunday that Iraq signed a preliminary agreement with the companies of CNN.. Or. Or. C. Kim, Sinoe Chinese to develop the Missan oil which has a capacity of 2.5 billion barrels.

Shahristani said in a statement to Reuters that he would sign a final agreement with the two companies in the coming days after agreeing to pay a fee to the government by $ 2.30 for each barrel of oil is produced.

http://radionawa.com/Ar/NewsDetailN....275&LinkID=155

US general eyes 'months' before Iraq government

The commander of US forces in Iraq on Tuesday predicted it would take "a couple of months" for leaders to form a post-election government but downplayed fears of instability.

General Ray Odierno told US public t.elevision it was too soon to give exact predictions on Iraq's transition as final results have yet to be announced from Sunday's election.

"If they are close it will probably take a little bit longer; if someone has a bigger lead, it might happen a little bit quicker. But I believe we're talking about a couple of months," Odierno told the "PBS Newshour."

Odierno said he had been in close touch with Iraqi authorities about ensuring security after the country's second election since the 2003 US-led invasion.

"Clearly we understand that this is a transition time and transitions are always a time of risk," he said.

"But we have worked very hard with the government of Iraq ... to try to ensure that security will remain," he said. "I believe we will be able to do that through this critical period."

President Barack Obama earlier paid tribute to the "courage and resilience" of Iraqi voters who posted a 62.4 percent turnout despite periodic violence.

Obama has promised to withdraw all American troops from Iraq by the end of next year.

http://www.zawya.com/Story.cfm/sidAN...q%20government

Economic challenges is not an easy wait for the next Iraqi government

economics editor ... To Enkhtlv Kmtabain of the economic that there are different sectors in Iraq are difficult to measure achievements in relation to the Maliki government, and the other is referred to Mendez as a huge amount into account the security situation, the former and the efficiency of related legislation, especially the quality and conversion of the achievements in these areas to measurable goals remain in the limits of controversial issues and the multiple interpretations that are likely to more than one interpretation.

That the next government that Iraqis are waiting to set up economic challenges faced by many has not received due attention and treatment needed by those responsible in the previous Triple, such as weak foreign investment and the deterioration of physical Althtip the housing crisis and unemployment among graduates and other reformist trends all of which require the provision of facilities as possible and laws expressly.

And away from the slogans and demands the impossible, the government is seeking to develop projects leading to a major link in the infrastructure with other countries within the strategy of Iraq to be the growth point and link between the Arab States and other countries in order to serve the comprehensive development ...

Whatever the differing views in the sectors of agriculture, industry and services and housing must be high priorities, progress and clearly touched by the citizens, especially if it affected a lot Maalmna security conditions and the decline in performance to some extent brought Iraq to rely on neighboring countries in strengthening its domestic market and make the remainder of the local static ineffective.

The government should provide an opportunity for private sector participation in the implementation of housing policies and development through the establishment of a new legislative structure of the sector and seek to draw up an investment and real estate tax system and legislative property-related events and a fund to support social housing, supportive of the Housing Fund revenue to the state.

Confronted with these problems we need to develop a vision for the perspectives of economic and social development in Iraq to follow up the implementation of the economic reform process and move towards a balanced social market economy, in order to achieve economic and social development of comprehensive and balanced in all branches of the national economy sagging because of the failure of industry and investment and weak domestic private sector and other related matters.

That taking into account the specificities of Iraq and the economic and social relations are required as the existing economy was suffering from substantial distortions are mainly due to problems related to economic growth has played an economic and financial policies with the previous wars deflationary role in the economy and a decline in investment.

These challenges must be taken a number of important economic measures to resolve the debate on the desirability of whether or not the transition to a market economy and liberalization of foreign trade and issues of the banking system .. and these and other measures will contribute greatly to the open area in front of a large private sector to participate in the process of economic and social development.

So initiation confrontation and recognizing the problems and shortcomings of existing laws and development plans and update the administration in conjunction with the fight against bureaucracy and corruption rampant and others work to remove all of the things that you should not lose sight of the future Iraqi government.

http://www.ipairaq.com/index.php?nam...onomy&id=22337

I hope Bayraktar: Announcing the 30 percent of the preliminary results of the elections

UNHCR said the Independent Electoral it would announce today 30% of the initial results of the poll.

A member of the Board of Commissioners of the Office Bayraktar hope in a press statement, "It was scheduled to announce that 30% of the preliminary election results yesterday, but for non-completion of data entry prevented this announcement has been postponed to today."

She added: "The work continued yesterday and come a long way and will continue this work today to be ready and announced a 30% later in the day."

She said: "This figure includes all the governorates of Iraq, not some departments and not another."

http://www.ipairaq.com/index.php?nam...itics&id=22343

Dollar sales jump to $181m on Wednesday

The Central Bank of Iraq’s (CBI) dollar sales jumped to $181.850 million in its daily auction on Wednesday, compared to $85.010 million in the previous session.

“The demand hit $15.670 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $166.180 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 13 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=128321

Kuwait is looking to form a government reservation and the unity of Iraq

Deputy Prime Minister and Foreign Minister Sheikh Dr. Mohammad Al-Sabah said his country looks forward to the Iraqi elections lead to the formation of a government that is able to maintain the unity of the Iraqi people and territorial integrity, to "return to Iraq a strong and effective in achieving security and stability in the region."

Sheikh Mohammed said in a statement to journalists, the Kuwait airport before leaving for Riyadh, accompanied by Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa to attend GCC ministerial meeting, said that "election is an important point in the political process of Iraq," adding, "and the whole world followed this election and believe that Iraq democracy that respects human rights and international law is Iraq, which is a positive contribution to regional security."


http://www.aliraqnet.net/news_view_3962.html

An economist: the investment gap for the current year amounted to 36 trillion dinars

The expert economist Kamal Basri said Wednesday that the investment gap between what is proposed by the ministries and the already allocated for investment during the year amounted to 36 trillion dinars, which would impede the work programs of government institutions.

He considered that the visual customizations investment budget for 2010 without the level of ambition and to interfere with the work programs of government institutions and prolong the suffering of the citizens.

The visual that investment expenditures are divided on the electricity sector by 18% of them have been monitoring about four trillion dinars, while it is required more than seven billion dinars in the oil sector comes second place, accounting for 13%, and monitor him more than three trillion while required 9,8 trillion.

He noted that the allocations of other projects amounting to 56% of the total allocations, it has been the basic services in the areas of sanitation projects and water projects, housing, and the Kurdistan region and others.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-03-10

Tehran's new ambassador to Iraq «Misfer» escaped from U.S. detention in Arbil

Tehran announced yesterday it had appointed a new ambassador in Iraq is a good Danaei far is, according to sources in Washington said as a former ambassador, Hassan Kazemi Qomi, serves as a consultant senior Iranian Corps intelligence Jerusalem, as he had already escaped from U.S. detention in Arbil.

And the transfer of the website of the Patriotic Union of Kurdistan led by Jalal Talabani, the Iranian Foreign Ministry announced the appointment of Hassan fled Danaei ambassador in Baghdad rather than Hassan Kazemi Qomi, noting that the office will Danaei fled after the holiday "Nowruz" this month.

The station says, "Farda" in Farsi-speaking American, said the new ambassador (48 years) born in Baghdad, has been transported on charges of "dependency" Iranian to Iran by the Ayatollah Khomeini, where he stayed in the camps of persons expelled in Iranian Kurdistan

Recalls the station that the new ambassador Klgth mother speaks Arabic, along with Kurdish and Persian, pointing out that a commander in the eighties, the Badr Organization of the Supreme Council, and served as deputy to Iran's naval force, while filling in the recently named senior adviser to the Iranian Qods Force intelligence.

The statement accused the Corps intelligence from Washington that supports the most dangerous armed movements in Iraq, while Tehran denies this strongly.

According to the station as the new ambassador escaped from detention while the U.S. military raided the Iranian consulate in Arbil in 2007, and was required for those forces that day accused of supporting insurgents in Iraq.

However, the reports added at the same time that Danaei far have participated more than once in the rounds of US-Iranian dialogue in Baghdad in the previous years.

In the meantime, informed sources said that the former ambassador, Hassan Kazemi-Qomi will remain in Iraq "to oversee the restoration of the Shiite shrines

http://www.alaalem.com/index.php?aa=news&id22=3918

Requiring Iraq to implement all relevant Security Council resolutions relating to the State of Kuwait

Stressed the Ministerial Council (GCC Foreign Ministers) at its conclusion on the need for Iraq to complete the implementation of all Security Council resolutions relating to the State of Kuwait.

He urged the Council in the final statement issued on Tuesday the United Nations and other relevant bodies to continue its efforts to end the objective to identify the fate of the remaining prisoners and missing citizens of the State of Kuwait and the other citizens of other States and the return of property and the national archives of the State of Kuwait."

http://radionawa.com/ar/NewsDetailN....588&LinkID=158