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

Banking expert: Delete the three zeros from the Iraqi currency will impact positively on the Iraqi economy

Iraqi bank expert said that the process of deleting three zeros from the Iraqi currency will have a positive impact on the Iraqi economy to Tahedvh of an amendment to the conditions of the Iraqi currency in general.

Said Abdul Aziz Hassoun in contact with the agency, the independent press (Iba) "Many countries have taken action himself, including Turkey, which deleted six zeroes from the currency, and therefore the right of the Iraqi Central Bank could adjust the exchange rate this way, especially since there is a difference large numbers no longer reflects the value of domestic production of Iraq. "

"If the exchange rate is adjusted properly the matter would be meaningful as a whole, especially the central bank set the mechanisms and plans for the replacement of banknotes in another new value and the form and a suitable period to allow replacement of all their bank notes."

The members of the Economic Commission in the previous parliament urged the central bank and Ministry of Finance to address what they described as Baltrhl cash Iraqi funds by raising three zeros from the currency.

He Hassoun that the process of lifting the three zeros from the currency will have a significant impact on the Iraqi market because the dinar would be equivalent to one thousand dinars currently, adding that the process will be of positive influence to support the economy of Iraq through the central bank's plan to strengthen the Iraqi currency exchange rate.

He did not specify when the central bank will be picked up the implementation process, while some media sources leaks about the impossibility of implementation of the Central Bank for this operation is to Ststensvh financial resources and enormous economic cadres.

http://www.ipairaq.com/index.php?nam...onomy&id=24920

Ration card system has to be reviewed – minister

The ration card system has to be reviewed, Iraqi Trade Minister Safaal-Din al-Safi said on Sunday.

“We are being unjust to the poor when we give them the same share as rich people,” al-Safi said in a release issued by his ministry and received by Aswat al-Iraq news agency.

He noted that the ration card system should be addressed to support poor people and improve their living circumstances.

http://en.aswataliraq.info/?p=131393

Kurdish regional government mired in corruption, says Kurdish opposition figure

The Kurdish regional government is involved in smuggling, nepotism and massive corruption, according to a senior Kurdish opposition figure.

Latif Mustafa of the Kurdish Change List, the most powerful Kurdish opposition party in the region, said public and government posts were only being held in the region by the relatives and cronies of the Kurdish parties in power.

The Change list has 25 deputies in the 111-member Kurdish parliament.

The regional government is dominated by the Kurdistan Democratic Party (KDP) of Massoud Barzani, the region’s head, and the Patriotic Union of Kurdistan (PUK) of Jalal Talabani, the Iraqi President.

The Change List has snatched control of the Kurdish city Sulaimaniya from PUK’s. The semi-independent Kurdish region consists of three provinces: Arbil, Sulaimaniya and Dahouk.

“There is smuggling of oil which is carried out through tankers to neighboring states,” Mustafa told Azzaman.

“Financial corruption is spread in the Kurdish region. The evidence is the fact that the general budget was not presented to the parliament in the past years. Nobody knows how (public) money is being spent,” he added.

Mustafa said the ruling Kurdish parties “dole out important positions in the light of party loyalty and not professional efficiency, the reason that has lead to administrative and financial corruption.”

He accused PUK and KDP of raising slogans and implementing policies putting party loyalty above loyalty to the state.

“For these reasons the (Kurdish) regional government is not democratic,” he added.

The Change List says it wants full transparency in the Kurdish region where, it claims, corruptions is even worse than in the central and southern parts of Iraq.

The regional government denies Mustafa’s accusations, saying he has no evidence to prove them.

“The democratic system in the Kurdish region permits freedom of expression. The hurling of accusations must be accompanied by evidence,” said Muhsen Saadoun, a leader of the PUK-KDP alliance.

http://www.azzaman.com/english/index...05-09\kurd.htm

Talabani stresses economic relations with Egypt

Iraqi President Jalal Talabani called to expand economic relations with Egypt, and exploiting the experience of Egyptian firms in the rebuilding process of Iraq.

“It is important to have a strategic alliance with Egypt within all fields,” an Iraqi presidential release quoted Talabani.

He noted that the rebuilding of Iraq is a key-issue to provide stability to the country.

http://en.aswataliraq.info/?p=131448

News from the House of Representatives beginning of next month .. And match the hand count results with those of the declared

Electoral Commission confirmed the completion of the counting procedures and the hand count of the results of the province of Baghdad early next week, noting that there is no change in results declared so far no surprises are expected.

The Iraqi political sources suggested that the new Iraqi parliament held its first meeting early next month. Benefits against the backdrop of legal and constitutional.

Take place a week ago, action to re-counting of the results of the province of Baghdad against the backdrop of challenging the "coalition of the state of law" led by Prime Minister Nuri al-Maliki, the results of the elections, the Tribunal has judicial election the Electoral Commission in re-counting in Baghdad, but it received a further appeal for the "coalition of the state of law" about how to re-counting, which began a few days ago by UNHCR.

A member of the Board of Commissioners of election Karim al-Tamimi in a press statement that "the count conducted by the Commission about a week ago resulted in the re-counting towards the (3750) out of the polling station (11) stations A station is the province of Baghdad."

He noted that the "Procedures Manual counting revealed a significant correspondence with the results announced by the Electoral Commission," stressing that "The Commission will announce the results of the preliminary results of the province of Baghdad that have been counted so far." He pointed out that "The Commission will complete the counting and sorting operations early next week."

And the ratification of the final election results Tamimi said that "the election commission will announce the final results immediately upon completion of procedures for counting in the case did not provide any other side appeals, the Federal Court will approve the final results of the
election results immediately upon receipt by the Office of the elections."

For his part, said a senior source in the Office of the elections, without reference to its name that the results of manual counting there will be no "surprises" and will prove almost complete conformity with the results announced earlier.

The number of forces and political entities on the appeals they made to the Electoral Judicial Tribunal, especially some of the political entities after the announcement of the winning alliance between the "National Coalition" and the "coalition of the rule of law."

He said the legal expert Tareq war the head of the legal culture that the "date for the meeting of the new parliament will be, after fifteen days from the date of authentication Supreme Judicial Court on the results of the elections."

Harb added that "the current president is Jalal Talabani issued a decree after fifteen days from the authentication Supreme Judicial Court on the final election results include a call for members of the new Council of Representatives for the first meeting them."

He added that "Article 54 of the Constitution stipulates that the first meeting to be chaired by the eldest member of the House of Representatives to hold the meeting for the purpose of selecting the speaker and his deputies by secret ballot direct and be a quorum to win an absolute majority of the members of the House of Representatives, half of the members of parliament plus one and this means (163) votes."

He pointed out, "after the election of the speaker is then choose a new President within a period not exceeding one month, according to Article 72 of the Constitution through a candidate receive the two thirds majority of parliament members of the new amount of 217 votes out of 325.

http://www.basraelc.com/news.php?action=view&id=555

To develop three oil fields and reclamation of fifty oil wells in Missan Oil Field

The general manager of Maysan Oil Company, Ali Marag for contracting with the company (Oil Cerf) to reclaim Iraqi (50) oil wells in different locations of oil fields in Maysan.

The Marag told the independent press (Iba) today said: "Some of these wells is turned off and the other product and the process of rehabilitation comes to the purpose of increasing capacity.

He added: "The work includes the fields and re-activated again after the productivity and obsolescence Astnzaftabqat the old reservoir.

The Marag: "There is a project of the least likely to sign the contract to transmit its own oil fields and Abu Bazerkan West and Fakkah border to the Chinese company CNOOC for the purpose of development and new drilling in May.

He said: "More than (100) wells drilled in these fields down to the production capacity is estimated at (400) thousand barrels per day.

http://www.ipairaq.com/index.php?nam...onomy&id=24913

Oil Ministry to sign a treaty calls for the Unification of fields shared with neighboring countries

Oil ministry invited to the signing of the Treaty to unify the fields shared with neighboring countries, while noting that the door will remain open to all States to divide the revenue among themselves an equitable manner.

The ministry said in a statement Sunday that it is currently developing several fields shared with neighboring countries, including the field of Pedra common with Iran, she called on the Iranian side to develop the portion in the land.

The ministry said that the Iranian side promised to study the matter and reply as soon as possible.

http://radionawa.com/ar/NewsDetailN....842&LinkID=155

Kurdistan Regional Office of the Presidency: Our mission is to accelerate the negotiation of the basic formation of the government

Announced the Kurdish regional President Massoud Barzani that the Kurdish coalition, consisting of four blocks winner in the parliamentary elections, the latest Iraq: the Kurdistan Alliance bloc, which includes the two main parties «National Union» and «KDP», and mass change, the opposition led by Kurdish political Nushirwan Mustafa, Ktlta; Islamic Union, and Jemaah Islamiyah. And fired on the coalition's new name «coalition blocs Kurdistan».

This came after a long series of meetings and consultations between the four blocks to unify the Kurdish speech in Baghdad through the formation of a unified bloc, to establish a Kurdish delegation negotiating to enter the negotiations in Baghdad to form a government.

Barzani said in a speech on the occasion of the announcement of the formation of the cluster that «within the framework of the efforts of the Kurdish people to build a democratic Iraq a federal constitutional, and the achievement of the constitutional rights of the people of Kurdistan, was held blocks Kurdistan winner of the election on March 7 (March) several important meetings to organize their positions and rhetoric on issues crucial of the Kurdish people in Iraq's parliament, especially the implementation of Article 140 on Kirkuk and other disputed areas, and today crowned the efforts to form an alliance a parliamentary political persuasions, (a coalition blocs Kurdistan) will be its core mission consolidation of the situation and the political discourse of the forces of Kurdistan, and work to achieve gains in the context of Iraq Federal on the basis of partnership, consensus and principles of the Constitution».

Barzani pointed out that «Iraq is passing through difficult phase and very sensitive, and the formation of the coalition in this circumstance is a big step to defend democracy in Iraq and support the political process, as well as an important step to rearrange the internal house Kurdish».And on the decisions of the cluster, Barzani pointed out that «this block consists of the Kurdistan Alliance and the movement of change and the Islamic Union and the Islamic Group, which was to be chaired by a High Commission assume the task of the leadership of the cluster, the collective leadership, and will be decisions by consensus and compromise, and we adopted an internal system for organizing its work to along with a detailed program of the Delegation of Kurdistan, which will be the task of negotiating with other Iraqi forces to form the next government ».

His Barzani's willingness leadership of the province to negotiate with all Iraqi factions, said that «(a coalition blocs Kurdistan) announced here and quite frankly that it was ready in the spirit of a high sense of responsibility to enter the political negotiation process with all parties, the Iraqi parties to end the current crisis, and accelerate the formation of the next Iraqi government on the basis of partnership and the marginalization of any Iraqi entity, and that the coalition is willing to deal with the Iraqi forces on the basis of shared visions and accept the commitment to the coalition and the Iraqi constitution, including the constitutional rights of the Kurdish people achieved ».

For his part, told «Middle East» Fouad Hussein, President of the Presidium of the Territory, on the next steps to announce the formation of the coalition, said that «after the approval of the agreement by the President of the region and representatives of clusters four, the primary task and urgent for the bloc would of course start the negotiating process Iraqi forces with a view to overcoming the present crisis for the formation of the next Iraqi government, but that depends on the latest developments in Baghdad and stabilize the political situation there, and that the negotiating committee waiting to clear up the situation there is moving towards the capital Baghdad to begin serious negotiations in this regard ».

The «coalition of Kurdish blocs» in the Iraqi parliament will occupy 57 seats, 43 seats for the Kurdistan Alliance and 8 seats to the MDC and 4 seats for the Islamic Association and two of the Islamic Group.

http://alforattv.net/index.php?show=...ticle&id=45120

Analyst: Kuwait's insistence on compensation negatively affect the Iraqi economy

Economic analyst Hazim al-Naimi said the assertion of the Kuwaiti claim compensation reflects a negative impact on economic reality and the movement of investment in the country.

The al-Naimi in contact with the agency and the independent press (Iba), "The urgency of the Kuwaiti claim for damages deters foreign investment in the country through the obstacles posed by Iraq's survival under Chapter VII of the United Nations."

Naimi stressed the need for "a practical solution with Kuwait and rely on the mediation by the Arab League of Arab States and other international bodies to resolve this dilemma that plague the Iraqi economy."

He pointed out that the survival of Iraq under Chapter VII means that the country is not economically than Rashid creates a lot of obstacles in the conversion processes as well as developing financial obstacles for global companies to invest in the country to hamper the advancement of economic reality in Iraq.

The Oil Minister Shahristani told a news conference last Thursday, that Iraq has caused enough financial compensation to Kuwait, noting that "the total amount paid by Germany to France and Britain less than paid Iraq to Kuwait, even now, despite it was a global war and the loss is huge," referring Compensation paid by Germany after World War II.

The Kuwaiti sources said Kuwait has so far received 17 billion and 500 million dollars of the total amount of damages owed by Iraq, estimated at 42 billion dollars, and renewed its demands that the full payment of compensation.

It should be noted that Kuwait has to issue a warrant to seize the British spend the first flight of Iraqi Airways to London on the impact of requiring the carrier to the amount of Kuwait's 1.2 billion after the takeover of Iraq to Kuwait 10 aircraft in 1990 after entering Iraq to Kuwait.

The official Iraqi sources noted that the 4 planes were destroyed in the Mosul airport after air strikes by Western and the remaining six have returned to Kuwait through Iran.

http://www.ipairaq.com/index.php?nam...onomy&id=24870

Iraq: Maliki had agreed to meet with Allawi on Wednesday or Thursday

Neighborhood: sources relevant to the existing Iraqi leader and former Prime Minister Iyad Allawi said he received a positive response from the leader of the rule of law, the Prime Minister's outgoing Nuri al-Maliki on the determination of the expected meeting between them to hold discussions on forming a new government.

According to information available to these sources, quoted by the agency (AKI) Italian news agency Monday, the "Allawi received a call from someone close to al-Maliki late Sunday in which he informed the approval of al-Maliki to meet him the day after tomorrow, Wednesday and possibly Thursday at the latest, and attended by a limited number of each list", sources confirmed that "for the first meeting, which was scheduled before the announcement of the Federal Court to re-count and hand count the results of the last parliamentary elections in the capital Baghdad, will be without preconditions and would be at a neutral location is being discussed it, and places the proposed contract is the home of President Jalal Talabani, after his return from his current visit to Cairo, the Conference Palace, a building inside the Green Zone," she said.

The sources indicated that "what precipitated the request Maliki to meet his rival Allawi, were the results of the count and the hand count of Baghdad, which showed closely almost complete results already, and declared the Independent Electoral Commission before, with the completion of counting more than fifty percent of the polling stations,'s eleven thousand, as well as near the expiration of the mandate of the government in the fifteenth of this month, a constitutional vacuum, as well as a strong desire of leaders to solve problems encountered in forming a new government, leaving aside their differences and put the national interest to any other option, "explained "The agreement to be concluded between Maliki, Allawi will be targeted in any case remove or marginalize others from the political scene, because they believe that the current period requires the emergence of a national government partnership in which all components of the political winners and non-winners" as she put it.

The speaker announced the official name of the Iraqi List Maysoon Damluji Sunday that list stressed since the first day on the necessity of communication between all the blocks, "she said that" the parties from the list by the frequent visits of the owners represented by Osama Nujaifi and good upper and Rafie al-Issawi preparation for a meeting and Maliki welcomed it," and indicated that the mass Damluji "refuses operations to circumvent the constitutional right to form a new government is engaged in continuous negotiations with the Sadrists and Fadila Party and the rest of the streams of the National Coalition for the formation of alliances," she said.

And the parties from the list of Allawi noted that the (Iraqi) will not abandon its right to form a government and if unable to do so during the constitutional deadline of 30 days they would give up this right.

http://aljewar.org/news-24342.aspx