Thread: Archive News - Iraqi Dinar Think Tank - 06/10/2010 - 24/01/2011

Calls for the amendment of paragraph (18) of the oil and gas law before it is approved

Iraqi economists stressed, Tuesday, on the need to enter the Iraqi Council of Representatives an amendment to paragraph 18 of the oil and gas law relating to the establishment of the Federal service and the voting for the organization of the oil wealth in the country.

A member of the Organization of our economy Abdelilah Yasser Kurdistan News Agency (Rn), said that "the current parliament is responsible for major task is the adoption of oil and gas law that would regulate the trading of oil and save the Iraqi oil from the central decisions not based on the legal rules."

He pointed out that Yasser "The oil ministry has worked over the previous period to conceal the real gaps in the file of the oil and gas, and sought to media blackout them through licensing rounds, the first, second and third."

He added that Yasser "indicators on the low level of oil Anbarz indicators by raising oil production, but it became clear political oil in the country."

In turn, said the economist Faisal Hammoud's (Rn), "The oil and gas law in its current form would require an amendment in particular with regard to paragraph (IV _ c) of Article 18 relating to obsolete the initial contract, and the formation of the Federal service."

The Hammoud that "the formation of the federal oil and assign a mechanism of contract would disrupt Iraq's position in OPEC, which is Iraq, a member of the specialization of the Ministry of Oil exclusively," pointing out that "the Council of Representatives to amend paragraph (IV - c) of Article 18 and limit the function of the Federal service mechanism to supervise the work of the Ministry of Oil and its subsidiary bodies. "

And the failure of the former House of Representatives to pass the oil and gas law, which was expected to rise if approved oil situation.

In the opinion of a number of experts involved in studies of oil that Iraq is missing so far to the political oil and clear.

And announced that the Iraqi Oil Ministry in September last that crude oil inventories in the country was 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels of oil.

And make Iraq last year, two rounds of investment licenses for oil fields resulted in winning several international companies of different nationalities Pttaiwirashrp fields in different regions, was conducted in Iraq early last month licensing round gas fields.

Plans to increase Iraq's oil exports during the next six years to 12 million barrels per day after obtaining the approval of the international oil cartel.

http://www.aknews.com/ar/aknews/2/195998/

Iraqi Finance: Delete the zeros from the currency will strengthen the position of Iraq to the International Monetary

The Iraqi Ministry of Finance, Thursday, that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the International Monetary Fund.

The chancellor said the Iraqi Ministry of Finance Zia Alckheon Kurdistan News Agency (Rn) that "the process of removing three zeroes from the local currency will strengthen Iraq's economic position in the international community and specifically the International Monetary Fund."

He added that the "survival of the current currency and the current status would not address the question of the economic gap taking place in the Iraqi dinar as it will increase the burden on the Iraqi economy."

And that "the process of changing the currency certainly will take time and money, but is required to remove the barrier between the Iraqi economy and the global economy and to give more than the value of the Iraqi dinar."

In the view of the central bank to raise the three zeroes from the local currency is a complex process and need to be thorough economic study.

He expressed the International Monetary Fund in August last support of the Iraqi economy in the event of having a number of economic measures, including privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq.

The Iraqi government denied conducting any change in the local currency this year in order to reduce inflation.

The news has recently indicated that the Iraqi government plans to make changes to the local currency, including raising three zeros in order to reduce inflation suffered by the Iraqi market, as well as add the language Kurdish paper currency.

The local Iraqi currency has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was a symbol of the former regime.

http://www.aknews.com/ar/aknews/2/196160/

Still a lot of talk about delete and no delete and studies but no action to make the Dinar more valuable!

Finance and foreign affairs and oil will be divided between Iraqi Kurdistan and the national and

Al-Sabah newspaper quoted sources as special bags that sovereign remaining (oil, foreign affairs and finance) will be divided between the main blocs: the National Coalition and the Iraqi List coalition and Kurdish blocs), Pointing out that the service ministries and ministries of the State will be distributed according to the elections, according to a points system.

And more likely to be to assign one of the bags of State for personal Christian, as will be assigning and other ministry of the Turkmen. The points system according to deputies may give «the Ministry of bag 5 points and sovereign 10 points and the Ministry of State by 3 points, and positions of the presidencies of 20 points and their deputies, 15 points». And the recently formed Commission on Graduate expanded to develop a mechanism according to the distribution of the elections, according to a points system.

Revealed the morning that al-Maliki will be launched first in the search resumes for each candidate, especially since the blocks and after agreement on the allocation of ministries between them will be more than one candidate for each portfolio, pointing out that the second step will be to hold meetings with those who are chosen, as will the third stage of understanding with the masses on the candidates before the ministerial declaration of the cabin in a special session will be convened by the Parliament.

Where he is scheduled to cost President Jalal Talabani, Maliki officially next Thursday to form a government, according to the claim by the Attorney Yassin Majid .. and observers believe that what is seen in the political arena following the political agreement which was in accordance with the initiative of the President of the Kurdistan region Massoud Barzani would help al-Maliki to form a government for all Iraqis in less than thirty days.

And a parliamentary source said that preliminary negotiations were launched yesterday with the first, which means that a partner should be completed at full speed, expecting to end the configuration process within three weeks, despite the exclusion of Congress to achieve this during the constitutional period of 30 days.

With the intensification of efforts to achieve the aspirations of the vision of the Government before the end of the legal time period, said sources close to the negotiations of the political blocs of the existence of an agreement in principle to assign the security ministries to independent figures with experience and efficiency.

The sources told «morning» bags that sovereign remaining (oil, foreign affairs and finance) will be divided between the blocs President, namely: the National Coalition and the Iraqi List and a coalition of Kurdish blocs), pointing out that the service ministries and ministries of the State will be distributed according to the elections, according to a points system.

And suggested that the award is one of the bags of the personality of a Christian state, would be entrusted with other ministry of the Turkmen.

The points system gives each according to deputies «Ministry bag with 5 points and 10 points for the sovereign and the Ministry of State by 3 points, and positions of the presidencies and vice-chairmen 20 points 15 points». And the recently formed Commission on Graduate expanded to develop a mechanism according to the distribution of the elections, according to a points system

http://www.theiraqiobservatory.com/o...6%3Agovernment

Central Bank: inflation in Iraq, to 3.2 percent in October

The central bank official said on Monday that the core annual inflation rate in Iraq jumped to 3.2 percent in October from 1.9 percent in September due to rising costs of housing, water and electricity.

He said the Central Bank's senior adviser Qassem appearance that the rate of inflation remains under control.

According to World Bank figures, the rate of inflation in Iraq stood at 1.9 percent in August and September.

Iraq is struggling to revive its economy, which has been battered by years of war and international economic sanctions. The government relies on the huge revenues of its oil fields to fund about 95 percent of its budget.

And seeks the central bank to ease monetary policy and the promotion of bank credit to encourage investment and economic growth in the non-oil sector. And excludes the central bank spending on fuel when calculating the rate of core inflation.

http://www.theiraqiobservatory.com/o...ational-income

23 foreign firms to give Baghdad new facelift, mayor claims

Firms from Turkey, Holland, England, Syria, Egypt and several other countries are to start work in earnest to develop many of Baghdad’s thoroughfares, according to the city’s mayor, Saber al-Aysawi.

In a statement, Aysawi is reported as saying that the companies, at least 23 of them, will develop the highway linking Baghdad with its international airport along with 50 more major streets.

“The highway to the airport will turn into one of the most beautiful in the world,” Aysawi claimed.

The highway was one of the most fascinating in the Middle East with its trees and rose gardens.

But U.S. invasion troops uprooted the trees which they said the insurgents used them as cover for attacks on their convoys.

For years since the invasion, the highway was thought as one of the most dangerous roads in the world. It is believe to be relatively quiet now.

According to Aysawi, the project to give Baghdad’s main thoroughfares a new facelift will cost up to $200 million.

http://www.azzaman.com/english/index...11-21\kurd.htm

Iraqi Parliament convenes session to discuss internal system

The Iraqi Parliament’s 5th session has convened on Tuesday, under the chairmanship of the Parliament’s Speaker Usama al-Nujeifi, to discuss the issue of adjusting its internal system and forming the parliament’s committees and their candidates. In addition, the mechanism of relationship between the Parliament and the government will also be discussed, Legislator Hanan al-Fatlawi from the National Alliance said.

“The Parliament members began entering the Parliament hall to attend its 5th session that is allocated to discuss its schedule, including the issue of adjusting the parliament’s internal system, the formation of committees and their candidates, along with the mechanism of relationship between the government and the parliament,” Fatlawi told Aswat al-Iraq news agency.

Fatlawi said that “the committee, formed by representatives of different blocs that were formed to adjust the parliament’s internal system, shall be held later in the day in order to reach a final draft-copy for the parliament’s new internal system. This is hoped to deal with the changes that impacted the parliament in its current session.”

http://en.aswataliraq.info/?p=139110

Maliki seek the help of experts and thinkers to map the Iraqis to form a government

An official source in the Iraqi government closed the state, Tuesday, that Prime Minister-designate Nuri al-Maliki is currently assisted by a number of experts and intellectuals Iraqi affairs of state administration to provide map of the expected formation of the government.

The source, who asked not to be named, told the Kurdish news agency (Rn) that "Nuri al-Maliki met with a number of experts and intellectuals during the past two days and asked them to provide a road map expanded on how to manage the next government and passing errors the previous phase, especially with regard to decisions emotional influenced the policy foreign country."

The source added that "al-Maliki asked the experts to consolidate the concepts of democracy and citizenship, and change Ssayasth in dealing with the political blocs, and fulfills the requirements in the event did not conflict with the Iraqi Constitution."

And that "the experts also asked Maliki to form a panel of advisers includes a number of independent experts and academics, and to address the crisis through radical solutions, not through the formation of committees anesthetic did not submit its findings to the moment."

The source continued that "the experts emphasized that the political process has been facing a great danger in the event Left to deal with the security file on the vision of mood, they also stressed the need to change the crew of his office (Maliki) sector, and particularly of those who have proved their failure in the previous phase, and the use of figures Vocational dealing strictly with security files."

He explained that the "road map would type to form a government of experts and intellectuals during the week, to be incorporated in the government program to be presented by al-Maliki to the House of Representatives."

The elected Iraqi Council of Representatives and the majority of the audience Osama Nujaifi as its President and the First Vice Qusay al-Suhail and Second Vice Aref Tayfur, were also elected Jalal Talabani as President of the Republic of Iraq of the electoral cycle II, who announced the day before yesterday that he would book entrust-Maliki to form a government in the "near future" and officially.

The political blocs objected heavily to take over al-Maliki for a second term because of the rejection arguing that the government ended the policy of the state in crisis management.

However, according to insiders, Maliki gave promises to the political blocs that supported his rise to a second term, the implementation of their demands in the absence of violation with the terms of the Iraqi Constitution.

http://www.aknews.com/ar/aknews/4/197038/

“I stand on common ground towards all political parties,” - Talabani

Iraq’s President Jalal Talabani has said that he “stands on common ground towards all political parties, forces and blocs, as part of his service in the high interests of the country,’ according to a presidential statement on Tuesday.

The statement pointed out that Talabani had received on Monday evening the leader of Iraq’s National Council, Adel Abdul-Mahdi and a delegation from Badr Organization, led by its Secretary-General, Hadi al-Amery. He discussed the country’s current political march with both men privately.

The statement, as received by Aswat al-Iraq News Agency, reiterated that the viewpoints of Talabani and Abdul-Mahdi had been “identical,” but gave no further details.

It also quoted Talabani as having reiterated, during his meeting with Amery and his accompanying delegation, that he “shall continue his defense for the ambitions of all Iraqis, whatever their political position might be, and he stands on common ground towards all parties, forces and blocs, in his service in the high interests of Iraq and the Iraqi people.”

The president, the statement concluded, had reaffirmed that Iraq “needs to be steered by a collective national will.”

http://en.aswataliraq.info/?p=139108

Government intends to send the final accounts for the 2010 budget to the House soon

The Iraqi Ministry of Finance, on Monday, announced that it will soon be the number of data the final accounting of the budget in 2010, indicating that the Council of Ministers will be sent the full report to the House of Representatives soon.

The chancellor said the Ministry of Finance Zia Alckheon Kurdistan News Agency (Rn), "The Ministry of Finance would expire Garibamn Setup file final accounts for the 2010 budget, which will be sent upon completion to the Council of Ministers for transmission to the House of Representatives later."

The Alckheon that "the committee had been formed under the chairmanship of the Minister of Finance Baqir al-Zubaidi interested in this subject and will give a detailed study of all aspects of Exchange 2010 budget as soon as the government."

He Alckheon that "the House of Representatives to inform the exchange aspects of the budget in 2010, is evidence that the future of Iraq's economic situation was good in the event of follow-up of funds at its disposal by the government in the budgets of previous years."

Alckheon and that "the Ministry of Finance and Office of Financial Supervision stress down the government ministries and provincial councils need to clarify the fate of the funds allocated and her statement of disbursement, or funds to be recycled for next year."

The House had previously acknowledged last January that the 2010 budget at 72 billion and $ 400 million deficit of $ 19 billion and $ 600 million, assuming the price of a barrel of oil at $ 62 and 50.

The delay in approving the budget in 2010 to Ochehraadidp because of the demand by some political blocs to establish the Federal service on employment in ministries and government institutions.

http://www.aknews.com/ar/aknews/2/196843/