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

Shaways : The Iraqi government is serious in ending the outstanding financial files

Deputy Prime Minister Nuri al-Rose Shawis The Iraqi government has taken serious steps to end the financial files, including one outstanding oil for food and is pressing ahead with efforts to end this file is full and as soon as possible.

And the transfer of the Information Office of Shaways in a statement received by the independent press (Iba) copy of it Shaways said and during a meeting with Assistant Treasury Secretary Andy Baokol had already been to the Iraqi government that has submitted two reports to the United Nations about ending file compensation claims met the last report and a positive impact on the international community and Hoped to submit its third and final soon.

The statement said after reviewing the most important measures on compensation claims and praised Mr. Baokol these measures and that these positive steps will help considerably in providing the type of security for Iraq's money in them to lift protection.

The statement continued that during the meeting, they discussed the potential for further economic and financial cooperation between the two countries through exchange of experiences Alepeshripoalphenip and Technological Advice and the need to support the independence of the Central Bank of Iraq and activating the role of banks and private banks and to raise the capacity and technical capabilities and managerial skills.

It is worth mentioning that the two sides were holding talks at the technical level in order to reach an acceptable mechanism to ensure the protection of Iraq's money and be a substitute for the present mechanism.

http://www.ipairaq.com/index.php?nam...onomy&id=30534

Economists warn of a freeze on assets of Iranian banks in Iraq

Economists warned the exercise of Iranian banks in Iraq banking activities without government control because of poor performance and the ability of the Iraqi banking system for monitoring trends in these banks which turned out according to analysts for companies to hire illegal funds projects and fake .. Some count their presence is legitimate, while others went the other to be regarded as a negative presence on the Iraqi economy and between this view, and the activity of these banks are still effective.

In Ahdit Agency (news) Hdhira economists to freeze Iraqi assets in banks in Iran. The adviser said the Iraqi Central Bank, Dr. appearance for "Banks that have a vacation, the able to work normally since the council put sanctions on Iran, especially since it gave a list of banks that prevents cooperation with them because of conflict between the UN and Iran's nuclear program, Iraq Will apply Security Council resolutions."

For his part, Abdul Hasan Shammari head of the gathering of the Iraqi industrial that "the Iraqi funds in Iranian banks in Iraq frozen as a result of Iran is under sanctions by the Security Council." preferred Shammari not to deal with Iranian banks because it would lead to a freeze of funds In these banks, as just become a local money or just money moving between the two countries and not between various countries and this side is very important as we do not know the issue of sanctions, and continued : "Iran is suffering from sanctions in the problems of oil with China, we can not transfer benefits of oil sold to China if the deal between the local Alren no forms in this matter either if the money issue and deal with it aggressively with the Iranians and support banker from Iran can not deal with them because it is difficult."

He said Shammari : "n the United Arab Emirates has Ballghae forty giant Iranian United Arab Emirates and the world and the global economy has become a point relate to the other no no link economic nations of the world either if the deal is local and it is OK. VIA view, the economic expert, Dr. Mohammed Jassim To say: the activity of Iranian banks in Iraq and open dealings with investors and traders Iraqis is one of the aspects of economic plunder of the country and the means of a new Iranian to dismantle the pillars of the Iraqi state, because these banks went bankrupt and investment lead to an exodus of Iraqi funds to Iran, especially given that these banks function of money laundering Internationally .. revealed Jassim, the presence of Iranian banks in Iraq without any real control over their activities behind them political goals and a step supported by politicians and influential economists to get a package lucrative business out of Iraq ..

The analysts warned of the risks of economic activity of Iran, which aims to steal money Iraqi banks and fake with there political goals in the final analysis ingestion of Iraqi banks, which could lead to loss of money the Iraqis dealing with these banks, especially weakness of the Iraqi banking system, which makes it easier for Iranian banks to exercise a kind of illegal activities in the theft of Iraqi funds through drifting behind their calls for the operation of Money and invest in projects and fake.

http://www.ikhnews.com/news.php?action=view&id=2084

Neighboring countries in support of Iraq

At the end of the seventh meeting for Iraq’s neighboring countries held in Manama, Bahrain, on Wednesday, the Interior Ministers of Iraq’s neighboring countries reiterated their support to Iraq in face of terrorism. The meeting stressed the importance of forming a new government and not interfering in Iraq’s internal affairs.

Iraqi Interior Minister Jawad Al Boulani believes that time is not in the interest of Iraqi parties, urging political powers in Iraq to accelerate the formation of a new Iraqi government.

Government formation delay is a main reason for surge of recent terrorist attacks, Al Boulani said.

http://www.alsumaria.tv/en/Iraq-News...t-of-Iraq.html

Ministry of Planning: headline inflation for the month of August increased by 2.4 %

The Ministry of Planning and Development Cooperation on the rise in headline inflation for the month last August, by 2.4 %.

According to a statement from the Media Office at the Ministry received by the independent press (Iba) a copy of the Central Bureau of Statistics and Information Technology Ministry of Planning in his report last month Asher on indicators of inflation in Iraq for the month of August 2010 increased by 2.4% for the month of July before, and 1.7% for The month of August 2009.

The statement added that the report of the device is built on the basis of field data collection for prices of goods and services components of the consumer basket for a selected sample of outlets in all governorates of Iraq. For indicators indices of consumer prices across the country.

He was General index of consumer prices 126.0 in August 2010 registering an increase of 2.4% for Alshahralsabak and increased by 1.7% compared with August 2009. According to the report, for the Department of Food and non-alcoholic beverage prices of this section increased during the month of August 2010 by 7.2% Compared to the previous month, due to higher prices in the Kurdistan region by 6.3% and in the center by 6.0% and in the South by 6.5%, the main reason for high prices of this section at the level of Iraq's mainly due to high prices of fruits and vegetables. The prices of this section increased by 2.5% compared to the prices to the month of August 2009. and the Department of Alcoholic beverages and tobacco recorded prices in Iraq has decreased during the current month by 0.7% compared to the previous month, due to lower prices in the Kurdistan region by 5.1% while the saw prices stable in the regions The center and south. Prices of this section increased by 2.6% compared to prices to the month of August 2009.

The statement said the Department of clothing and footwear prices were recorded in Iraq, up through Alshahralhali of 0.4% compared to the previous month, prices have increased in the Kurdistan region increased by 0.6% and in the center by 0.7% in the South by 0.1%. Prices of this section increased by 0.4% compared to prices in the month of August 2009.

Department and housing prices were recorded in Iraq, up during the current month by 0.3% compared to the previous month, due to higher prices in the Kurdistan region by 0.1% and in the center by 0.5%, and in the South by 0.2%. Prices of this section increased by 2.3% compared to prices to the month of August 2009.

Section equipment and household equipment prices were recorded in Iraq, up of 0.1% during the month compared to the previous month, due to higher prices in the Kurdistan region increased by 0.2% in the South rose 0.2%, while prices stabilized in the center. Prices this section decreased by 0.9% compared to prices to the month of August 2009.

And the Department of Health in Iraq, oil prices recorded a rise estimated at 0.3% during the month compared to the previous month, due to higher prices in the Kurdistan region by 0.8%, and in the center by 0.2% and the average prices stable in the South. The prices of this section increased by 6.6% compared to the prices to the month of August 2009. and the Department of Transportation recorded prices in Iraq, up 0.5% this month compared to the previous month, due to higher prices in the Kurdistan region by 1.6% and in the center by 0.9%, while Lower prices in the South by 0.1%. Prices this section decreased by 0.4% compared to prices to the month of August 2009.

Department of Communication and prices recorded a decline in Iraq during the current month of 0.8% compared to the previous month, due to lower prices in the center by 0.4% in the South by 2.0%, while prices recorded a rise in the Kurdistan region increased by 0.5%. The prices of this section decreased by 13.7% compared to prices to the month of August 2009.

And the Department of Recreation and Culture in Iraq, oil prices recorded a decline during the month of 0.1% compared to the previous month, due to lower prices in the South rose 0.2%, while prices stabilized in the regions of Kurdistan and the center. Prices this section decreased by 2.4% compared to the prices to the month of August 2009. Department of Education recorded prices in Iraq, up during the current month by 0.1% compared to the previous month, due to higher prices in the South rose 0.2%, while seen prices stable in the regions of Kurdistan And center. the prices of this section increased by 3.7% compared to the prices to the month of August 2009.

Section restaurants posted prices in Iraq, up through the month of 0.6% compared with the previous month, prices rose in the center by 0.7% in the South by 0.8% while the prices seen stable in the region of Kurdistan. The prices of this section increased by 3.3% compared to prices in the month of August 2009. and the Department of miscellaneous goods and services recorded prices in Iraq, up during the current month by 0.5% from the previous month, owing to rising prices in the Kurdistan region by 2.7% and in the center by 0.2% in The South by 0.2%. Prices of this section increased by 9.3% compared to prices to the month of August 2009.

According to the report, inflation was 124.8 basis registering an increase of 0.6% from the previous month and by 1.9% for the month of July of last year.

As for the indicators indices of consumer prices at the district level, the recorded prices in the Kurdistan region in August 2010 compared to the previous month, a rise estimated at 2.1% resulted primarily from the increase in the prices of food and non-alcoholic beverages by 6.3%, prices of clothing, footwear by 0.6%, Housing prices by 0.1%, prices of equipment and household equipment by 0.2%, prices of health by 0.8%, transport prices by 1.6%, prices of communication by 0.5%, prices of miscellaneous goods and services by 2.7%.

The report added that in the center recorded prices in the month of August 2010 compared to the previous month, up 2.3% resulted primarily from a rise in prices for food and non-alcoholic beverages by 6.0%, prices of clothing and footwear by 0.7%, housing prices rose 0.5%, the price of health by 0.2%, transport prices by 0.9%, prices of restaurants by 0.7%, prices of miscellaneous goods and services by 0.2%.

He pointed out that in the south recorded prices in the month of August 2010 compared to the previous month increased amount of 2.1% resulted primarily from a rise in prices for food and non-alcoholic beverages by 6.5%, prices of clothing and footwear by 0.1 %, housing prices rose 0.2%, prices of equipment and home appliances By 0.2%, Osaaraltalim 0.2%, prices of restaurants by 0.8%, prices of miscellaneous goods and services by 0.2%.

And is intended mainly to inflation Core Inflation rate of change in the index of consumer prices calculated after excluding petroleum products (oil, gas) within the Department of housing and two sets of fruits and vegetables of the subsidiary within the Department of Food and non-alcoholic beverages.

http://www.ipairaq.com/index.php?nam...onomy&id=30506

Minister of Industry and Minerals meets Japanese ambassador to discuss agreed future cooperation between the two countries

Met with Minister of Industry and Minerals Fawzi Franso Hariri in the ministry's headquarters in Baghdad on Wednesday 22/9/2010 the Japanese ambassador to Iraq, Shoji Ogawa on the occasion of ending his mission in Iraq.

It was discussed during the meeting about frameworks future for cooperation between the two countries in the fields of industry, where he and Industry Minister Fawzi Franso Hariri on the importance of making use of expertise Japanese in this area and the need to attract to promote the reality industry of Iraq.

For his part, Ambassador of Japan to the importance of closer ties of cooperation between the two countries and that he will work through its new location in the country to support all steps to ensure the development of mutual relations between Iraq and Japan, and strengthening the partnership in the fields of industry and to serve the interests of both countries.

http://nahrain.com/d/news/10/09/100923a.htm

Shahristani : Ministry of Oil initiated to contracts with international companies to invest

Description of the Oil Minister Hussain al-Shahristani and his ministry that it has become a model for transparency, noting that it took the initiative to contracts with international companies to invest in its oil sector.

This came during the first conference of the Council of stakeholders held on Wednesday, under the slogan «Transparency Initiative Extractive Industries in Iraq» invitation of the Ministers of Oil, Finance and Industry and the auspices of international organizations specialized in the area of transparency.

As representative of the Minister of Industry at the conference which was attended by «morning» keynote address focusing on what is available in the country from materials extraction comparable to the oil resources that we look at the steps of investment in the coming years, resource figures large reserves of materials, phosphate, sulfur, manganese, iron, marble and other materials.

So, counting the Secretary-General of the Transparency Initiative Extractive Industries in Iraq Alaa Mohieddin initiative as the first of its kind in the region, which encouraged the Government to require that a member of Transparency International, stressing that Iraq had reached the stage of a candidate, adding that the government considered Assume that the Oil Ministry this task in the extractive industries.

He explained that the Ministry of Oil has coped well with the requirements to join the initiative by adopting rules and high transparency in both rounds of licensing or disclosure of domestic production and the revenues generated by it.

http://radionawa.com/ar/NewsDetailN....774&LinkID=155

BP says Iraq political impasse did not affect its work

British oil major BP Plc sees no effect on its work on Iraq's biggest oilfield from a political impasse that has delayed the formation of Iraq's new government for more than six months, a BP executive said.

BP is moving ahead with developing the supergiant Rumaila oilfield and could award new contracts for work in the field later in the year, BP Iraq's President Michael Townshend told Reuters. "We have not seen any delays in contracts that caused us to reduce or stop our work," he said.

On the other hand, an official source stressed that Iraq government approved a plan to pay due sums of money for oil companies for water injection project to help boost production rates from Iraq’s southern oilfields which exceeded $10 billion.

http://www.alsumaria.tv/en/Economics...-its-work.html

Low, central bank sales to 159 million dollars

Concluded the Iraqi Central Bank on Thursday Fifth DIFC Week sessions for the sale and purchase of foreign currency and the dollar down in The level of sales of the dollar to 159.825 million U.S. dollars, has achieved a slight increase in its previous Amounted to 257.94 million dollars and a stable exchange rate was 1170 dinars per dollar.

The Information Office of the Bank 's bulletin obtained copy them to the total sales of the bank ranging from 22.22 million dollars in cash transactions for cash at a bank shot for a stable exchange rate was 1183 dinars per dollar, including the commission the bank of the 13 dinars per dollar.

And amounts transferred out of the country amounted to 137 605 000 Dollars in cash and bank shot at a stable conversion reached 1179 dinars per dollar, including the commission the bank of 9 dinars per dollar.

Did not make the 16 banks participating in the auction of any offers to buy Dollar, noting that the CBI Itqdy commission amount (13) dinars per dollar with a discount (8) dinars per Dollars from the amounts purchased.

The central bank held five meetings during the Iraqi week of financial support for the sale and purchase of foreign currencies and the dollar.

http://al-iraqnews.net/new/economic-news/26565.html

Kurdistani Parties coalition welcomes National Alliance decision

Kurdistani Parties coalition welcomed the National Alliance decision to reach consensus on one candidate for premiership.

MP Mahmoud Othman affirmed that his coalition does not mind Nuri Al Maliki or Adel Abdul Mehdi as a candidate for premiership provided to resolve rows with Al Iraqiya List.

http://www.alsumaria.tv/en/Iraq-News...-decision.html

Minister of Industry and Trade to visit the Kurdistan Canada to promote trade relations and scientific

An official delegation from the Kurdistan Regional Government, on Wednesday, the Canadian capital of Ottawa, to discuss ways to strengthen trade relations and joint scientific, according to a source in the Department of Foreign Relations Kurdistan.

The source, who preferred anonymity, told (Voices of Iraq) this evening (Wednesday) that the delegation "the chairmanship of the Minister of Trade and Industry Kurdistan Sinan Chalabi and includes in its membership the President of the University of Salahuddin Ahmed Dzii," pointing out that the visit "comes in response to a visit by Canadian Ambassador Erbil in Iraq recently and inviting to the delegation of Kurdistan to visit his country to closer economic relations and scientific exchange in Common", without further details.

http://radionawa.com/ar/NewsDetailN....749&LinkID=155