Thread: Archive News - Iraqi Dinar Think Tank - 22/06/2010 - 04/10/2010

Central Bank: the Iraqi currency will not change in the near future

A deputy governor of the central bank, said Friday that the process of lifting the zeroes from the currency of Iraq requires more time, being a very complex process because of routine procedures that require, while denying any role for this process in support of the Iraqi economy.

Said Ahmed Salman Jumaili, told Kurdistan News (Akaniwz) that "the process of changing the Iraqi currency is currently facing more difficulties due to Iraq's financial interactions with the countries of the regional and global."

"The Iraqi currency exchange at the present time did not affect the economy, Iraq, but is a matter of both administrative regulations only."

Associated with changing the currency in Iraq permanently on the political situation and related major changes, when established the Iraqi state in 1921, has been coined a new currency of the Kingdom of Iraq and continued until 14 July 1958, after the announcement of the republican system has been replaced by currency Property currency of the Republic, when he fell The former regime in 2003, changed the currency in which depicts the symbols of the former regime and issuing a new currency is traded on the market.

Jumaili and that "raising the three zeroes from the Iraqi currency will not be overnight and the situation in the country to Aithml such a change in the present time."

He pointed out that "the process of change will ensure its future, and there is no intention at the present time the central bank changed it possible in the future if necessary."

The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul , he founded the bank independent Iraqi under the law of the Iraqi Central Bank of 6 March 2004, and shall be responsible for the maintenance of price stability and the implementation of monetary policy, including exchange rate policies and management Foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

http://www.aknews.com/ar/aknews/2/158306/

Oil announces open for four refinery investment

Ministry of Oil announced on Saturday, open the door of investment to four oil refineries in Karbala, Maysan and Dhi Qar, Kirkuk

Said Oil Minister Hussain al-Shahristani at a symposium held today at the ministry building attended by representatives of international companies and experts under the banner of (private sector contribution to national and foreign investment in the oil industry promote prosperity and economic progress) that the significance of holding this seminar comes to the need for private sector contribution to the development of the Iraqi economy, particularly in the field Oil.

He said al-Shahristani said Iraq will pay great attention to develop the oil sector during the next five years , as it has a capacity of refining capacity is currently 700 thousand barrels per day and aspires to reach one million barrels per day, stressing that Iraq when it promotes economic and recover the per capita income of Iraq, demand for oil derivatives Been greater than it is now, so take into account this issue for the coming period.

Shahristani said he takes his ambition that the private sector role in economic development of the country in the coming period as belonging to the real potential to benefit from this important sector.

With regard to new investment projects Shahristani said the ministry has selected 4 sites for new refineries are filtered Nasiriyah, which is the largest refiners raised production capacity of 300 thousand barrels per day, in addition to the refineries of Karbala, Maysan, Kirkuk, with a production capacity ranging between 140 thousand to 150 thousand barrels per day Each of them, indicating that he was signed with international companies to accomplish their own designs and will be completed during the year and next year.

He said al-Shahristani said the ministry will provide facilities to these investors have been Sharia law on investment for the refineries is in force, as demand from the Council of Ministers to increase incentives for companies and the ministry has proposed to increase the current discount rate to 5 percent is under the legislation in the next parliamentary session.

For his part, Deputy Minister of Oil for liquidation Ahmed Chandler said the ministry's plan to develop the Iraqi refineries including the construction of 4 new refineries by the international companies expected to meet these refineries with refining the old country's needs for the next two decades.

He expected Chandler to be part of the production of refineries Maysan, Karbala, Kirkuk surplus to local needs is permitted for export, but it is however to say that the surplus will diminish with the passage of time with the increasing local demand.

http://www.ipairaq.com/index.php?nam...onomy&id=27066

Conference on the future of Iraq, International Center for Strategic Studies
In Cairo

Hosts the International Centre for Strategic and Future Studies on Wednesday morning, the thirtieth of June in June 2010 being based in Nasr City, Cairo conference entitled (Iraq and the prospects for the future between the developments of the political process and the escalation of violence) , which regulates theIn collaboration with theCentreArab DemocraticStudiesStrategic, political,And economic development.

Decides to participate in the conference many intellectuals, politicians, diplomats and journalists interested in Arab affairs, especially the Iraqi file, which will address two axes two main axis I (the political developments and the prospects for consensus and political stability in the light of the results of recent elections) and the second axis (the escalation of violence .. motives of current and implications for the stability Political),

He said Major General Ahmed Fakhr President, International Centre for Future Studies and Strategy in a statement issued by the Centre that Iraq is experiencing at present state of political unrest and security, especially after the announcement of final election results involving Iraq, where he has not succeeded forces and different political parties in the formation of a coalition government Represent all the forces and Iraqi political parties.

After being announced the Electoral Commission for the Iraqi elections to recount votes in the elections that took place in the seventh month of March 2010 in Baghdad last did not change the distribution of seats in parliament, which makes the Iraqi List headed by former Prime Minister Ayad Allawi bloc winning the largest number of seats In parliament, where the Iraqi List won 91 seats, while the coalition of the rule of law, led by Prime Minister Nuri al- Maliki's 89 seats were won either of these two blocs enough seats to form a government alone.

This comes at a time, as Iraq prepares for the withdrawal of U.S. troops from Iraq next year, provides the opportunity for many of Iraq's political factions, which aims to divide Iraq, against the backdrop of the aspirations of Iraq's neighbors in its territory, particularly Iran, which seek to interfere in the internal affairs of Iraq and the achievement of strategic interests In Iraq.

Within this context comes the holding of this Conference to discuss and analyze the final results of presidential elections and to stand on the steps already under way to form a new coalition government and their success in establishing political stability and security in Iraq and the reasons for the upsurge in violence and terrorist acts inside the Iraqi society under the military presence The United States. While providing a future vision of the situation in Iraq and how to renounce violence there

http://nahrain.com/d/news/10/06/100626ab.htm

High Nassif : Allawi and Maliki will meet within days

Revealed a high member of the Iraqi List Nassif for a meeting soon between the head of a coalition of Iraq , Iyad Allawi, president of a coalition of law Nuri al- Maliki.

Nassif said Iraq told our house on Saturday, that the next few days will see the second meeting between the two men to discuss the findings of the negotiating committee between the coalitions are, where al-Maliki will visit Allawi.

She said, that there are some things that reached by the negotiating committee to require a decision by a major coalitions and this will be discussed during the meeting, which comes in response to the first visit.

http://radionawa.com/ar/NewsDetailN....755&LinkID=151

Abadi: focus on Iraq's need for investment has led to solve economic problems

Chairman of the Economic Committee in the House of Representatives outgoing Haider al-Abadi said the focus on Iraq's need for investment at this stage is part of the solution to economic problems have lagged behind in infrastructure and services fell in earlier decades.

Abbadi said in a statement published by the news agency reported on Saturday that there are expected positive benefits of foreign direct investment, a flow of direct investment does not constitute a burden on the economy, in addition to bridge major gaps with the efficient use of available resources.

He stressed the need to Ebadi refused to direct foreign investment in Iraq for the marginal sectors that depend only on the bumper profit does not serve the development. Abadi said that Iraq is open to various fields including energy, investment and industry strategy, which was confined to the public sector added to the good infrastructure that is seeking to develop constantly.

http://radionawa.com/Ar/NewsDetailN....758&LinkID=155

President of the Southern Oil : Iraq seeks to open a border crossing with Kuwait

The Chairman of the Iraqi Southern Oil Company told Reuters that his country is willing to open a border crossing with neighboring Kuwait, particularly for international oil companies operating in Iraq.

Said Jafar in a press statement that the point the new border will facilitate the flow of equipment to the oil companies that signed deals to develop oil fields in Iraq after complaints about the port capacity in the country, he said, adding that there is a proposed solution is to create a border with Kuwait in Rumaila, which lies north of the Rumaila and associated companies Oil.

The field is located Alrmelpalve is the backbone of the oil sector in Iraq and being developed by me. my oil giant Lucy. that. me. C China to become the second most productive field in the world on the Iraqi border with Kuwait.

http://radionawa.com/Ar/NewsDetailN....704&LinkID=155

The appointment of James Jeffrey as U.S. ambassador in Iraq

President Barack Obama on Friday announced the appointment of diplomat James Jeffrey, a new ambassador to the United States in Iraq named a successor to Christopher Hill, the Senate ratified this appointment.

He is James Jeffrey, who was appointed at a time when Iraq is facing difficulties in forming a new government, currently the U.S. ambassador in Turkey.

Obama said in a statement included a number of appointments in the diplomatic service of the U.S. including the appointment of Jeffrey I Mmtnn to the approval of these men and women with experience to serve in my administration. He said I look forward to working with them over the months and years to come.

And enjoy Jeffrey has extensive experience in the Middle East, according to the profile, developed on the State Department Web site on the Internet. Prior to his appointment in Ankara, was an assistant national security adviser in the White House and Assistant to the President at the White House administration of President George W. Bush.

He has held several positions of the new Ambassador in Baghdad and the Middle East, in contrast to Christopher Hill, who was appointed ambassador to Iraq after he was assigned to the North Korean nuclear file .

Jeffrey and cost associated with previously discussed the Middle East in the Ministry of Foreign Affairs. He was Special Adviser to the Ministry of Foreign Affairs of Iraq and the U.S. Deputy Chief of Mission in Baghdad between June 2004 and March 2005, before he was appointed charge d'affaires in Iraq.

He also served as diplomat in various countries, including Kuwait, Tunisia, Albania and Germany. Jeffrey served in U.S. forces from 1969 to 1976 where he worked in Germany and Vietnam.

A senior State Department diplomat has said Hill, who took office more than a year before retiring, refusing to add any comments.

The appointment of Jeffrey at a critical juncture in Iraq , where he is scheduled to reduce U.S. forces in Iraq from 92 thousand to fifty thousand currently by the autumn, according to the strategy approved by the gradual withdrawal of President Barack Obama.

http://www.ipairaq.com/index.php?nam...itics&id=27053

The use of Saddam's palaces to host the next Arab Summit in Iraq

Neighborhood: New -Azzawi, in a meeting with reporters in the Egyptian capital yesterday, his country's right to host the next Arab Summit in March (March 2011), pointing out that hosting the summit, a new declaration that Iraq is standing on his feet and can host the Arab brothers

He said that the Iraqi government are enormous preparation to host the summit, and that « there is a large commission chaired by the Prime Minister and the membership of most ministries goal setting and create an environment to receive the Arab leaders ».

He pointed out that it was allocated the first installment estimated at 100 million dollars for the maintenance of the Summit and its preparation, and work to create hotels and palaces for guests, including the failure of many of Saddam Hussein ignored, or inhabited by U.S. forces, which withdrew from most of these places. Referred to as the execution of President Saddam Hussein nearly four years after his conviction for actions taken during the period of his rule.

And on the existence of security concerns, Arab leaders and guests of the summit in the absence of security stability in Iraq, said al-Azzawi : « conditions differed in Baghdad, than it was before, as it is being prepared a massive security by Arab leaders to provide maximum security for them ».

He Azzawi that Iraq was removed from the scope Regional as one of the sides of the triangle Arab Strategy, which was formed by Egypt and Saudi Arabia and Iraq, especially after the American occupation of Iraq in 2003, pointing out that he was subjected to a number of crises, such as quotas, corruption, bribery and sectarian strife, and ethnic, which kept him out of the role Which was great to play.

He stressed that the Iraqi President Jalal Talabani will take part in Arab summit Five, which will be held in Tripoli on 28 this month (to develop the joint Arab action), which includes the leaders of Egypt, Libya, Yemen and Qatar in addition to Iraq and the participation of the Secretary-General of the Arab League Amr Moussa.

http://aljewar.org/news-25795.aspx

Commission on Public Integrity : We have issues relating to the Ministry of Electricity , and the minister is accused by yet

Commission on Public Integrity announced that the scarcity of electricity may be due to the existence of corruption in the Ministry of Electricity, denying the existence of evidence about the involvement of the outgoing Minister of Electricity Karim Wahid of corruption.

The chairman said Rahim Ugaili that "the lack of the electricity or any other service may be the cause of corruption, and when the issues relating to the Ministry of Electricity, Electricity Minister so far not charged with it, but issues related to the ministry and ministry contracts."

Revealed Ugaili for " a court ruling did not identify the right person pretended to be political in the city of Samawah, Haot influence the course of the investigation with the former trade minister Abdul Falah al-Sudani".

http://www.radiodijla.com/cgi-bin/ne...?id=2010-06-26

Planning for a reduction in operating expenses in the general budget and turn it into an investment

Called the Ministry of Planning to reduce operational costs in the general budget and turn it into an investment, indicating that the advancement of the Iraqi economy faces a number of challenges.

He drew an official source in the ministry to move the wheel should be productive throughout the country for the sectors of agriculture, industry and services which have suffered from neglect and the continuing deterioration over the past decades.

And demanded to reduce operating expenses in the General Budget amounting to more than 80 percent and turn it into an investment, especially private sector's role and size of foreign investment is still limited and can not compensate the investment budget support and implement projects that contribute in moving joints of the economy and upgrading."

http://www.radiodijla.com/cgi-bin/ne...?id=2010-06-26