Economic Analyst Ihdhirmn the emergence of the phenomenon of fraud and money laundering coinciding with the implementation of the project to delete

07 Feb 2012

Baghdad (news) .. warned economic analyst Abdul Latif Salem Ugaili emergence of the phenomenon of fraud and money laundering coinciding with the implementation of the project to delete three zeros from the Iraqi currency.
Ugaili said (of the Agency news) on Tuesday: A lot of people in conflict with the law now waiting for the implementation of the project to delete three zeros from the Iraqi currency in order to carry out rigging for the new Iraqi currency and money laundering operations.
And Ocharaly: the high price of the Iraqi dinar depends on the strength of the economy and diversity of diversity through the annual state revenues and activate all sectors of the economy rather than a unilateral Rieia economy dependent on oil the first place.
He added that the project to delete the three zeroes from the Iraqi currency does not lead to high Asardinar of Iraq and the national economy, but it just reduces the money supply in the market, noting that proper procedure by the central bank to facilitate the trading process and the provision of currencies with a few categories.
He explained: that the project would cost the state large sums of money and expensive through the process of printing currency and instruct citizens on how to use and handle than it is to project a positive or negative impact on the Iraqi economy.
He advised Ugaili: monetary policy to work to raise the price of the Iraqi dinar exchangers through the restructuring of economic sectors and the diversity of its infrastructure in order to strengthen the national economy and then the currency.
The CBI had earlier announced that the draft deleted three zeros from the currency exists in spite of the criticism directed at him by the officials and the two economies, and will be implemented after two years from now. / Finished / 8. D. Q /

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ECONOMY: Central Bank of Iraq closes its weekly acution with selling US$68 millions

2/9/2012

BAGHDAD / Aswat al-Iraq: The sales of the Central Bank of Iraq (CBI), in its auctions

for selling and buying foreign currencies had raised in the closing of its weekly auctions

on Thursday with selling US$68 millions, compared with 15 million dollars in its previous

session, and on an exchange rate of 1,166 Iraqi dinars per dollar, according to the CBI's daily bulletin.

The bulletin, copy of which was received by Aswat al-Iraq news agency, pointed out that the total size of the dollar sales has reached 68 millions and 33,000 dollars, covered by the CBI

on an exchange rate of 1,166 dinars per dollar, adding that today's sales are considered much higher than the previous session that recorded 15 millions and 363,000 US dollars only.

The CBI's dollar sales had decreased during the past 2 sessions of last week to reach 4 millions and 321,000 dollars and 3 millions and 250,000 dollars, successively, whilst the previous session's sales had reached 199 million dollars, which was a figure close to the Bank's average sales since the beginning of the current year, following the impact of the Syrian events on Iraq and the transfer of the merchants to re-export for Syria, along with the impact of the recent economic sanctions against Iran.

The CBI's cash sales today had reached 6 million dollars, on an exchange rate of 1,179 dinars per dollar, along with the Bank's interest of 13 dinars per dollar, whilst the foreign transfers have recorded 62 millions and 33,000 dollars, also on an exchange rate of 1,179 dinars per dollar, along with the Bank's interest of 13 dinars per dollar.

The bulletin repeated its daily comment that the banks that attended its session, including the 13 banks that attended today's session have not offered a single dollar for sale in the auction.

The Central Bank of Iraq holds 5 weekly sessions for selling and purchase of foreign currencies, beginning on Sunday and ending on Thursday, charging 13 dinars per dollar for its cash sales, along with another 13 dinars for its foreign transfers.

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Araji: calls for monitoring of foreign remittances for fear of making Iraq a location for money laundering

09/02/2012

The independent Iraqi news agency / Baghdad / a. M .. called the head of the Liberal Bahaa al-Araji, to address the economic crisis which he described as artificial and political purposes are meant to confuse the economic situation after the departure of the occupying forces.

They said in a statement received (and independent Iraqi news agency) a copy of This crisis took the fear and confuse many workers in the economic field, pointing to the importance that there will be severe restrictions on the part of private banks and facilities to develop its work to help build the Iraqi economy on the other.

He explained: The search entry of foreign remittances to the country and we found can be a way to smuggle money and laundered in Iraq, adding that there should be restrictions on such transfers and take the necessary oversight to not use these funds in terrorist operations.

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Senior Jordanian officials seized the Iraqi deposits in Jordanian banks

09/02/2012

Baghdad / agencies

The director of intelligence and former Jordanian Prime Minister Ahmed Obeidat The senior Jordanian officials seized the Iraqi deposits in Jordanian banks after the fall of Baghdad in 2003.

This came during a lecture he gave slaves in the trade unions complex in Amman, and synchronization to disclose this information before the arrival of the Minister of Finance of Iraq to Amman, Jordan to ask about $ 120 million from Iraqi funds frozen by the Jordanian government during the fall of Saddam Hussein.

Jordanian sources said that Baghdad is not convinced that Jordan's response confirms that the records of the Central Bank of Jordan indicates that the process of converting the $ 120 million took place after the formation of the Iraqi government and that the handover is completed.

The Jordan has frozen the funds valued at more than half a billion dollars after the U.S. occupation of Iraq in 2003. The Iraqi government insists that the Iraqi central bank records do not indicate the receipt of $ 120 dollars from the Mellon Iraqi funds frozen in the Central Bank of Jordan.

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Deputy for the State of Law: National Alliance paper closest to the Constitution to resolve outstanding issues

Thursday, 09/02/2012

Baghdad (news) .. Preferred member of a coalition of state law MP / National Alliance / approved chewing gum, paper and block the National Alliance for the other blocks on resolving outstanding issues between the blocks, being closest to the Iraqi constitution.
The gum in the statement (of the Agency news) on Thursday: The solution to the problems between the political blocs need to be a strong desire of the blocks, but the closest paper to the constitution to resolve the outstanding issues is the paper of the National Alliance made by and to be raised through the National Congress, accusing some of the blocks that it is seeking political consensus to make a substitute for the Constitution.
The MP for the National, that all the political agreement between the blocks does not violate the Constitution, the coalition is ready for its implementation.
And was a member of the State of Law MP / National Alliance / Ihsan al-Awadi, has revealed details of the paper provided by the National Alliance to the President of the Republic, noting that the most important paragraph included in the formation of a panel of advisers to resolve current differences and problems that arise in the future, pointing out that the national meeting will not solve the problems but also develop mechanisms to solve them.
He said Al-Awadi (the news): The National Alliance agreed at previous meetings on the mechanisms of action and mechanism of the future partnership with the political partners, as well as the National Alliance put forward some solutions to outstanding problems between the blocks to advance the political process forward.
He added that the most important paragraph in this paper is to find the legal advisers concerned with solving the current problems and disputes that arise in the future and is made up of all the political blocs and that this body did not agree to be transferred to the Federal Court.
The MP pointed to: the national meeting that will not solve the problems, but puts the general mechanisms will be agreed upon at the national meeting to resolve outstanding problems between the political blocs. / Finished / 7. For. M /

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Chairman of the Federation business: The private sector now extinct and activate necessary for economic development

Thursday, 09/02/2012

Baghdad (news) .. The head of the International Federation of Businessmen punitive Hamid that the process of economic development needs to involve the private sector with a year in the construction and reconstruction of the country.
He said the punitive (for the Agency news) on Thursday: The private sector has no role in actor and president of economic development currently, due to the activation and rehabilitation of its laboratories, calling for the need to be involved with the public sector to promote the country's economy.
He explained: that rehabilitation of the private sector comes through the distribution of soft loans to him and participation with the public sector being exposed to abnormal conditions such as war and terrorist attacks continued, which led him to a deterioration of infrastructure and isolated from the domestic and global markets.
He added that the federal government has not yet moving towards activating economic sectors of the private sector Kalzerai, industrial and other sectors vital because she is preoccupied with political issues, leaving the important economic issues.
He noted: the lack of legislation and laws that serve the private sector and supported, so as to make him an active role in the development of the country's economy as a result the absence of clear economic visions in Iraq. / Finished / 8. D. Q /

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Kuwait Energy Company is considering entering into the next round of oil licensing

08 February, 2012

Kuwait Energy Company confirmed me. The. C Kuwaiti it is considering Hagliat in tenders expected to be posed by the Iraqi Oil Ministry.
The Vice Chairman of the Board and Chief Executive Officer Sara Akbar, in the company that the company is preparing to enter the bidding, which is expected to be posed by Iraq in May next year to explore oil and gas there.
She said one of the opportunities that it looks Kuwait Energy is located near the places where we currently operate.
The company had announced in October, in October 2010 that it won contracts to develop gas fields and Ciba Mansuriyah in Iraq for over 20 years, in the third session of the tenders on the three gas fields put forward by the Iraqi Oil Ministry.

The largest in the interview that the company is currently focused on Iraq, Russia and Egypt also have a business in Yemen and Pakistan, Ukraine and the Sultanate of Oman.

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Minister of Finance confirmed the importance of encouraging international companies to invest in Iraq

09 February, 2012

Finance Minister Rafie al-Issawi the importance of encouraging international companies to invest in the country.

A statement by the Ministry of Finance received Fayhaa a copy of "al-Issawi received Mayank Malik, regional head of global banking group Citibank {} have been talking about mechanisms to encourage international companies to invest in Iraq and what facilities can be provided in this regard."

He added that "al-Issawi stressed Iraq's desire to support investment and development and encourage private sector companies for the purpose of promoting investment and economic reality in Iraq through a range of mechanisms and procedures."

The statement continued, "it was discussed during the meeting on the subject of Iraq's accession to the global market for securities through coordination with the World Bank to boost Iraq's economy forward."

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Zebari confirms that the political breakthrough in Iraq contributes to the success of the Arab Summit to be held in Baghdad

09 February, 2012

Discuss Foreign Minister Hoshyar Zebari, with a group of Arab ambassadors in Baghdad, Iraq, details of the preparations of the technical aspects and administrative and security that have been completed in preparation for the basics, including the Arab Summit Conference, which will hopefully take place in Baghdad.

The Minister of Foreign Affairs said in a statement to the Ministry Fayhaa received a copy of it that the Arab summit deserving eventually become necessary since the Sirte Summit in 2010 has shown a desire for Arab governments in the invitation to attend the conference and at the highest levels.

And between Zebari said a delegation from the Arab League had attended to Baghdad to make sure of the completion of preparations for the conference and met with all the political blocs in Iraq and left a positive impression by expressing adherence to the university to convene.

On the other hand, Foreign Minister that the Iraqi political situation began to breakthrough towards the return of the Iraqi List, the Government of the National Partnership, expressing that this breakthrough will inevitably create good conditions for the success of the Arab summit.

He called for adoption of the only statements from the Ministry of Foreign Affairs or the government spokesman and not taking into account the informal statements of some politicians and members of the House of Representatives to the media.

The Ambassador spoke Alamarta Sheikh Abdullah Ibrahim Al Shehhi on behalf of Arab ambassadors, indicating his desire to succeed in Iraq and the effort to come out of the Arab League Arab Summit in Baghdad excellent results for all the Arab countries.

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Deputy for Law: Iraq today is in need of a new political agreement between the blocks

Thursday, February 9, 2012

MP told a coalition of law Shaker Darraji that Iraq today is in need of a new political agreement between the blocks do not deviate from the framework of the Constitution

Daraji said in a statement to all of Iraq [where] that "The previous agreements violated the Constitution in one way or another and led thus to the continuing disagreement on the application." Stressing that "the political blocs invoked the Constitution and make it the only reference in its demands to be submitted at the national meeting is expected of the blocks political. "

He added that there are committees will consider the claims to be submitted by the political blocs in the meeting and will take into account the legitimacy of these demands in the match to the clauses of the constitution because we seek out the form solution to end all disputes between the blocks is achieved if we make the agreement free of personal interests and partisan. "

The preparatory meeting for the national meeting held last Monday at the home of President Jalal Talabani in the presence of representatives of all political blocs.

The Committee which was formed in order to boot to meet the national expanded had held its first meeting attended by President Jalal Talabani and Prime Minister Nuri al-Maliki and Parliament Speaker Osama Najafi in the fifteenth of last month to resolve the current political crisis.

The MP for the Kurdistan Alliance Fouad Masum, announced today that the next meeting of the Preparatory Committee for the national meeting will be held next Sunday in the House of Representatives.

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Mahma Khalil: the country is facing a war international economic need to be addressed in order to preserve the safety of citizens

Thursday, 09.02.2012

Baghdad (news) .. Demanded the economic decision of the Committee MP / Kurdistan Alliance / Mahma Khalil, the federal government to activate a device standardization and quality control on the Iraqi border to curb the entry of goods and materials bad bad food.
Khalil said (of the Agency news) on Thursday: There is a war waged by some international economic States to Iraq through the export of its goods and bad food bad to him, what would hurt the health of the citizen.
He added, must move by the federal government and activate the control to customs border crossing points to control the materials and goods entering the country in order to preserve public safety.
He pointed out: the importance that the Government of the Federal Department of activating the device standardization and quality control and take its role fully in the process of examining the goods and shoddy goods entering Iraq to the fact that most of them do not comply with international standards and of poor quality.
He explained: that the country lacks a local product in a frenzy of most of the laboratories of the Ministry of Industry, and not to give the active role of the private sector to open industrial plants which led him to rely on imports to meet the external needs of the necessary consumer goods.
He called for: to run all the factories and take advantage of global expertise through investment and the entry of international companies in order to build the national economy and dispensing with the import of foreign goods.
He said: that Iraq has a large industrial plants, but they are parked and is disabled due to increased cost of the product compared to the local importer, stressing the need to develop solutions and plans to address this exact topic.
Earlier in the economic sources from entering the food is corrupt and unfit for human consumption through the port Safwan border, calling at the same time move towards the Iraqi border and control to limit the entry of goods poor in the country. / Finished / 8. D. Q /

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Iraqi Central dispel fears the rise of the dollar's value

08/02/2012 19:04

Baghdad, February 8 (Rn) - The Central Bank of Iraq on Wednesday that the rise of the value of hard currency to buy does not threaten the local value of the dinar.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) "No worries on the value of the dinar by the rise of the value of the dollar."

He said that the arrival of the purchase value of U.S. dollar to 1300 resulting from the reorganization of the banks.

Emerged in recent times the phenomenon of selling hard currency to Iranian businessmen at border crossing points because of a package of international sanctions on Iran following its nuclear program.

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Julie Haji: calls to speed up the adoption of the budget because the delay will affect the entire state enterprises

09/02/2012

The independent Iraqi news agency / Baghdad / p. X .. A member of the Kurdistan Alliance bloc MP Julie Haji Omar. Each year, show objections to the allocations of the Kurdistan region of the Peshmerga, or whether the region's share. The issue is not resolved after the delay in approving the budget shall be returned to the same problem in the following year despite approval of the same allocations in budgets that preceded it, delaying the budget. Noting that this is surprising. Advocate partners in the political process not to stir up trouble on the budget of the Kurdistan region.

She Altaibp reporter (independent Iraqi news agency) that the political partners to deal with the region being a part of Iraq and balancing the province does not go to other countries, it is for Iraq. They should not be considered and dealt with the territory Kmariql or competitor in the political process but also a partner and a vital component of this people and has the rights and duties as an integral part of federal Iraq, one federal.

Pointing to the formation of two committees of the Kurdistan Alliance to discuss the parliamentary Finance Committee regarding budget allocations from the province, amounting to 17% of the federal budget.

Farewell to speed up the adoption of the budget because the delay in approval would affect the projects that are working out, especially with international companies that are entitlements and obligations with it must fulfill in timely ...

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Wise received the Kuwaiti Ambassador in Iraq and looking with ways to develop relations between the two countries

09/02/2012

The independent Iraqi news agency / Baghdad / p. X .. received the President of the Islamic Supreme Council Ammar al-Hakim in his office to the insured Kuwaiti Ambassador in Iraq. Hakim said during the meeting the importance of strengthening the Iraqi-Kuwaiti relations.

A statement by the Supreme Council has received (and independent Iraqi news agency) a copy of During the meeting, he emphasized the importance of consolidating and strengthening relations between the two countries. As well as discuss ways to overcome obstacles to the outstanding issues between the two neighboring countries ...

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