Thread: Archive News - Iraqi Dinar Think Tank - 28/03/10 - 21/06/10

Chairman of the Integrity Commission criticized the Central Bank of Iraq

Chairman of the Integrity Commission Judge Rahim Hassan Ugaili, Central Bank of Iraq was not given the necessary attention and full care of the Office of Money Laundering Group since its inception in 2004 until now, adding that it suffers from lack of support and dysfunctional role in the manner set and desired it.

The Ugaili in a press statement, the bank does not put a control mechanism for real and effective, whereby the follow-up activities of companies, banking and foreign exchange, pointing out that there are thousands of such companies working in the field of foreign currency without leave, viewing it as reservoirs and caches of angles money laundering and the financing of terrorist operations and armed groups and transfer of funds resulting from the corruption abroad.

Ugaili called the Central Bank of the importance of dealing seriously with this issue through the development of methods of monitoring financial and accurate accounting of those bodies and to take strict measures and the adoption of specific controls for the work of companies, banking and the tightening of measures against companies that do not have the license to practice the profession, stressing that there are 400 companies only take a vacation that allows to engage in such activity and the rest work without leave is exacting a heavy toll of the country not only in money but in lives as well, as he put it.

http://radionawa.com/ar/NewsDetailN....632&LinkID=151

Rashid al-Azzawi: call for intervention by Arab states to resolve these problems between Iraq and Kuwait

According to a member of the Iraqi Accordance Rashid Azzawi, "the necessity of intervention of Arab states to resolve problems in the various fields between Iraq and Kuwait" and stressed "the need for the Iraqi diplomatic mission steps to resolve this issue, which lasted a long time."

He said al-Azzawi in contact with the agency, the independent press (Iba), "The effort and the Iraqi Foreign Ministry in resolving outstanding issues with Kuwait are very few and they could have done great for removing Iraq from Chapter VII penalty imposed on Iraq since 1991.

The United Nations has placed Iraq under Chapter VII because Ahtah of Security Council resolutions and the special of the former regime's invasion of Kuwait in 1991.

He said al-Azzawi, "The lawsuit brought by Kuwait Airways to their Iraqi counterparts to the great injustice and prejudice against Iraq and the Arab League to intervene in order to develop logical solutions preserve the rights of both sides."

The case of Kuwait Airways in London has led to the detention director of Iraqi Airways office there because of its claim for the detention of the assets of Iraqi Airways.

http://www.ipairaq.com/index.php?nam...itics&id=24594

First flight from Baghdad to London in 20 years ends in farce with plane impounded
The first flight from Baghdad to London in 20 years has ended in farce with the plane impounded at Gatwick airport after Kuwait went to the High Court demanding £780 million for planes stolen by Saddam Hussein.

A two decade lawsuit, the UK's longest running legal dispute, over the theft of 10 planes owned by Kuwait at the time of the 1990 invasion by Iraq resulted in the detention of the aircraft and the confiscation of the passport of Iraqi Airways' chief e.xecutive Kifah Hassan. Lawyers for Kuwait Airlines said that Mr Hassan would be required to detail the assets of the state run carrier before the London courts. Chris Gooding of Fasken Martineau solicitors, acting for Kuwait Airways, said the airline's patience "has run out" after a lengthy legal battle ending up in the High Court.

"To fly into this jurisdiction where they owe $1.2 billion (£780 million) was innocent at best and arrogant at worst," he said. "The obligation is on (Hassan) to provide an affidavit of the assets of Iraqi Airways worldwide."

Iraqi diplomats expressed fury at the decision to impound the aircraft. A statement from the Ministry of Transport in Baghdad said: "The ministry is surprised by the escalating and provocative behavior taken by the Kuwaiti authorities, insisting on harassing and embarrassing Iraqis wherever they attempt to open a window to the outside world."

The dispute has made its way through the London courts since the aftermath of the 1990 invasion of the oil rich emirate by Iraq. Saddam Hussein, the former Iraqi dictator, triggered the Gulf War by staging a lightning assault on Kuwait. The oil-rich emirate was liberated after a 100-hour military campaign in 1991, which Britain joined as the second largest contributor. The High Court issued the order authorising Kuwait Airways to seize the assets of its Iraqi counterpart in 2004. Mr Gooding said Kuwait was not targeting Mr Hassan personally. He said: "Basically Iraqi Airways have to turn up with an affidavit of their assets worldwide. Then we'll wish him godspeed and he'll be on his way."

Iraq admits that its officials commandeered 10 Bombardier jets in 1990 but claims that four of the aircraft were destroyed at Mosul Airport in Western bombing raids, while the remaining six were returned to Kuwait via Iran.

The incident is the latest episode in what critics have described as the British curse of litigation tourism. Libel actions, war crimes disputes and commercial actions related to foreign disputes have been contentiously brought before British judges in recent years.

Attempts to set up direct flights between Britain and Iraq have been bedevilled since the 2003 invasion. British officials were repeatedly frustated in efforts to get a scheduled flight service to Basra when the city was under the control of the British military. Security concerns frustrated efforts by several airlines to establish a service. The flight, which landed on Sunday, was heralded as a fresh beginning by Iraqi officials. However its fate has revived the demons of another bitter conflict.

http://www.telegraph.co.uk/news/news...impounded.html

Iraqi complete a training course on information technology in the United States

Iraqi citizens ended a training course in the latest developments and achievements in information technology in the United States at the hands of specialists in this type of technology.

The Deputy Chief of Mission for Economic Affairs at the American Embassy, Ambassador Patricia Haslk newspaper Al-Sabah, the program, which was attended by the trainees is part of long-term program to build relationships with the Iraqi people to be based on cooperation strategic and the fourth item of the agreement signed between Washington and Baghdad, which includes scholarships and chapter VII, which focuses on services and information technology.

Showed Ambassador, said the program was devoted to information technology, it continues depends on U.S. companies and experiences that exercised trainees, and there will be similar programs in a variety of areas, whether to study at American universities or fellowship program faculty, and also there are several exchange programs in other specialized areas.

She noted that it is possible that we work in the field of information technology is the first of its kind, because this is the first time where we can send a group of Iraqis and where we can send that number of citizens to the United States in the area of work is unique.

http://radionawa.com/ar/NewsDetailN....630&LinkID=154

Oil Ministry celebrates the anniversary of the founding of OPEC

Ministry of Petroleum is preparing to celebrate the fiftieth anniversary of the founding of the Organization of Petroleum Exporting Countries "OPEC".

The Ministry spokesman Assem Jihad said in press statements by an embedded reporter "The celebration includes many events, will be attended by representatives of Member States of the Organization, adding that" Iraq had a big role in the founding of this organization also seeks to be an active member of it."

And about the size of Iraqi oil exports and its impact on Iraq's membership in OPEC, said Jihad said Iraq's oil exports of about 2.0005 million barrels a day "This is not commensurate with the size of oil reserves of Iraq, and that this command does not affect Iraq's membership in the Organization."

The Organization of Petroleum Exporting Countries was founded in Baghdad in 1960 and was established to ensure the rights of Petroleum Exporting Countries.

http://al-iraqnews.net/new/local-news/7178.html

The stability of the Iraqi dinar remains threatened in the absence of development
Challenges facing the Iraqi economy begins to talk about it does not end. He destroyed the economy of a country of war and international sanctions emerging industries and infrastructure, it empties it of minds and talents in science.

Show the destruction of the national economy Bosta forms in the collapse of the national currency. After the Iraqi dinar exchange rate more than three dollars became a citizen needs a vehicle carrying overlooking the village paper to the bakery to buy a few loaves. Citizens still pay more than one thousand Iraqi dinars to buy one dollar.

Under the Iraqi dinar exchange rate stable, more or less since 2004, thanks to policies of the Central Bank of Iraq. This has contributed to the relative stability in keeping inflation within the scope of control.

Economic expert at the Central Bank on behalf of Abdul-Hadi said that the stability of the Iraqi dinar will contribute in providing a suitable environment for investment and to allow traders and investors to make their decisions based on realistic indicators for the Iraqi economy. Abdul Hadi said the central bank can raise the Iraqi dinar exchange rate against the dollar, with its means of intervention in the financial market but only if it be a gradual process without spasm sour the atmosphere of financial transactions.

The global financial crisis and the recession that hit the global economy in the fall of prices of many consumer goods, but Iraq did not touch such a fall in the Iraqi market. He attributed the economic expert, Abdul Hadi of this phenomenon to the monopoly that some traders.

Reservations economists raise the value of the Iraqi dinar, convinced that the benefits of such a step would be the trader and not on the consumer, as an economist as Abdul Hadi.

It is well known that Iraqi oil revenue is the main source of national income and to provide more than ninety-five percent of the state budget. Since oil prices are calculated and paid in U.S. dollars, this reliance on oil exports resulted in a link directly linked to the national currency in U.S. dollars. This provision has become characteristic of the Iraqi economy as general manager of statistics at the Central Bank for the appearance of Mohammed in an interview with Radio Free Iraq. He noted that the form of benefit to the demand for foreign currency which is the cover of the Iraqi dinar at this time depends on the investment activity development or consumer.

The Director of Statistics at the Central Bank said the bank's policies to maintain currency stability alone is not enough without the diversification of national economy, which continues to import everything, as he put it.

Witness the international financial institutions like the World Bank and International Monetary Fund that the Central Bank of Iraq has succeeded in curbing inflation rates are calculated to single digits in the 3 to 4 percent per year.

Contributed to the audio file colleague Khaled Waleed, who met with officials at the Central Bank of Iraq.

http://translate.googleusercontent.c...TAAp4xqAFJSXzg

Summary of the interview with Biden's United Nations representative in Iraq
Biden and Melkert discuss the role of the United Nations and the electoral process in Iraq

White House
Office of the Vice President
28 April, April 2010

Summary of the meeting, Vice-President with the Special Representative of the Secretary-General of the United Nations in Iraq Ad Melkert
Today met with Vice President Joe Biden with the Special Representative of the UN Secretary General in Iraq, Ad Melkert. And discussed the important role of the United Nations in Iraq and agreed on the need for probity and transparency in the electoral process. They called, in particular, to follow the right steps in the process and respect for all of the votes cast by Iraqis. They expressed their support for the efforts of the Electoral Commission for elections in Iraq, to conduct an organized, transparent recount in Baghdad as soon as necessary in line with the expectations of the people of Iraq. They agreed on the importance of the presence of observers in that process. And reiterated that the Iraqis are the ones who are leading the electoral process without outside interference. They also discussed the trend towards leave and accept the election results and government formation in a timely manner.

http://nahrain.com/d/news/10/05/100502aa.htm

The Arab League sent a delegation to Baghdad to observe the hand count process
Of the Iraqi parliamentary elections

Cairo - Amjad Al-Sharif

Received by the Secretary General of the League of Arab States Amr Moussa, the invitation of the Independent High Electoral Commission of Iraq to send a delegation from the Secretariat to monitor the hand count of votes in parliamentary elections in the governorate of Baghdad, after a report from the jurisdiction of the election a decision to re-counting manually to polling centers in Baghdad province.

He said a source familiar with the Arab League that he may decide to send a delegation of observers, headed by Ambassador Mohamed University Alkhmlishe Assistant Secretary-General, head of information and communication to participate in monitoring the counting process is scheduled to begin on Monday.

The Arab League has participated mission to monitor Iraqi legislative elections held in March last March 2010, also sent delegations to Iraq to monitor provincial elections held in January 2009 and July 2009 elections, presidential and parliamentary elections in the Kurdistan region

http://nahrain.com/d/news/10/05/100502ab.htm

Jamal Watermelon: calls to the formation of a national salvation government

Said a senior member of the Iraqi List melon beauty that the Iraqi List will not stand idly by to change the outcome of general elections and seats obtained by the existing and the actions taken by the Justice and Accountability.

He said watermelon in a telephone conversation That "the accountability and justice and in the absence of the House of Representatives Working in coordination with the prime minister To change the votes and the impact on the winning list In the general election."

He called watermelon to form a government of national salvation, coordination between the Council Presidency and the line With the heads of political blocs.

http://al-iraqnews.net/new/political-news/7221.html

Barham Salih, Abdul-Mahdi, discussing ways to form a new Iraqi government

Prime Regional Government of Kurdistan, Barham Saleh with Vice President Adel Abdul-Mahdi, the political situation in Iraq and the formation of new Iraqi government.

A statement by the National Information Center of the Patriotic Union of Kurdistan said: "Barham Saleh, received yesterday in Erbil, Iraqi Vice President Adel Abdul Mahdi, who headed a delegation of the Supreme Islamic Council in Iraq included a member of the Council Hamoudi."

The sides confirmed the statement said that Iraqi political blocs have an obligation to work to form a new Iraqi government and end the differences in the light of the interests of Iraq and the ability to achieve the demands of the Iraqi people at this stage in the framework of dialogue and mutual understanding."

The statement said: "Mr. Salih said the work on forming the next government must reflect the will of all the Iraqi factions do not marginalize any political party at the expense of another and felt that the work on the principle of partnership provides an atmosphere to find appropriate solutions to the current crisis."

Saleh stressed the need to resolve outstanding issues between the Territory and the federal government and ways to find solutions to them also talked about the Iraqi constitution and ways to abide by in order to end these matters.

http://iraq-beituna.net/iba/index.ph...4-36&Itemid=19