Member of the parliamentary Finance: Exchange public budget allocations beginning next April

24-03-2013

Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, for date exchange public budget allocations to the provinces and provincial ministries in the beginning of April next, likely that this year will be the year of economic growth of some sectors.

Abbas said (of the Agency news): The date of exchange of financial allocations of the general budget will be at the beginning of next month after ratification by the Presidency of the Republic and published in the Official Gazette.

He added: launch date budget allocations for this year will not be much different from last year, so the delay in disbursement does not affect the investment projects submitted by the Ministry of Planning.

He pointed out: that some non-oil economic sectors will grow this year and a large proportion, if what has been achieved political stability and security in the country.

It is noted that the Iraqi parliament approved the budget for 2013 during the month of March the current amount (138) trillion dinars and the rate oil (90) dollars per barrel, and the quantity of oil source (2.9) million barrels per day. / End / 8. N. P /

Link 

Suhail looking with a delegation from the World Bank restructuring of the Iraqi banks and the Central Bank

 24-03-2013

Baghdad (news) .. Search first deputy head of the Iraqi Council of Representatives Qusay al-Suhail with a delegation from the World Bank, the restructuring of the Iraqi banks and the Central Bank of Iraq.

A statement by the Office of Suhail said in a statement received Agency (news) copy of it: that the delegation, which was headed by Sahar Nasr, chief economics finance in the Middle East and North Africa and the Special Representative of the World Bank mission in Iraq as well as a number of experts at the World Bank gave a presentation on work done with respect to the restructuring of the Iraqi banks and the Central Bank of Iraq in addition to projects carried out by the World Bank during the past period.

And between Suhail: The development of the private sector and private banks can him that contributes significantly to the development process and the development of economic reality because we must establish rules work properly and repair the banking sector, while stressing the importance of restructuring these banks and put sophisticated systems fit with the size of the development which reached him the world's advanced countries in this field.

For his part, the delegation expressed his keenness to give advice to the Iraqi banks and the Central Bank in order to improve performance and to have their work professionally, especially in the regulatory field. / End / b. PVC /

Link 

The Presidency of the Republic to ratify the current year budget

Sunday, 24 March

Twilight News / A source in the Presidency of the Republic of Iraq, Sunday, that the recent approved the state budget for 2013.

The source, who asked not to be named said in an interview for "Twilight News", "The Presidency of the Republic approved the state budget for the current year."

The Minister of Finance Agency Ali Shukri had announced Sunday of last week, about the arrival of the Federal Budget Law for the year 2013 to the Presidency of the Republic for the purpose of endorsing it.

The House voted on the seventh of this month on the federal budget without a political consensus with the Kurdistan Alliance bloc that threatened to resort to the Federal Court to challenge the original budget.

The total federal budget 138 trillion dinars which is the largest in the history of the Iraqi state, which included $ 55 billion in the venture, and $ 83 billion operational part.

And the Iraqi government budget was built in 2013 on the basis of (90) dollars a barrel at a rate of 2.9 million barrels of oil a day.

Link 

IMF: expectations of higher Iraq's economic growth to 9%

03/23/2013


Welcomed the IMF accelerated the pace of growth in Iraq thanks to oil exports, but expressed concern about the points «accumulated structural weaknesses in the country ten years after the US-led invasion.
IMF promised in a statement issued at the end mission in Iraq «in spite of the security and political environment difficult, Iraq succeeded in maintaining the stability in terms of economic sectors in the last two years.
And after he scored «about 8 percent in 2012, will see the Iraqi economic growth accelerated more this year to Astl to 9 percent, driven by b« escalating capacity oil production, according to the fund.
And accelerated exploitation of oil, the country's largest wealth, since the US-led invasion, despite the violence and corruption.
He considered the International Monetary Fund, however, that Iraq still suffers from a «serious structural weaknesses, particularly of unemployment 'high' and bad business environment and the weakness of the non-oil sector.
And wrote the International Monetary Fund that «Iraq should face significant challenges in the medium term to find the conditions for strong growth and lasting necessary to improve the conditions of life of its inhabitants.

Link

Sadr ministers hold an emergency meeting in Najaf to discuss the withdrawal of government

03/23/2013  


ong-Presse / Najaf

Ministers held the Sadrist movement, on Saturday, held an emergency meeting in the private office of the cleric Moqtada al-Sadr in Najaf to discuss the withdrawal of the government, after nearly four days to suspend their attendance of meetings of the Council of Ministers.

A reporter (long-Presse), that all ministers of the Sadrist movement arrived this morning, to the province of Najaf, and held upon arrival emergency meeting in your office to cleric Moqtada al-Sadr attended by Director of the Office Sheikh Mahmoud Djiashi, "stressing that the meeting will discuss the withdrawal of ministers from the government or not.

The correspondent added that the Minister will hold a press conference after the meeting to announce their final position.

It comes ministers meeting Sadrists in Najaf, after nearly four days on their announcement on 19 March 2013), boycotted the meetings of the Iraqi Council of Ministers to protest the policies of Prime Minister Nuri al-Maliki, and stressed that it will manage the affairs of their ministries from within, but the head of the government response, on 20 March 2013, exponential and one day after, via Media Msstarh and gave the Sadrist movement, even on Sunday, to return his ministers to the Council or give them leave algebraic, because the ministries that they manage will be affected in the province.

And announced the Liberal bloc in the House of Representatives after an extended meeting held, the first on Thursday, (21 March 2013), the Congress of the existing Iraqi approval House Speaker Osama Nujaifi on request from the large number of deputies other blocks to call the Commander in Chief of the Armed Forces Nouri al-Maliki to Parliament against the backdrop of the bombings in the capital Baghdad, finally, confirmed that the hearing will be determined later.

With Re Sadrists on the San Prime Liberal bloc Bahaa al-Araji during a press conference held after the meeting held, on Thursday, (21 March 2013), the deadline set by the Prime Minister for his crew to return to the Council of Ministers, to confirm that ministers are ready to return to the Council of Ministers "if necessary" condition "away from the wrangling," while between that there is not anything in the rules of procedure of the Council of Ministers determines how the withdrawal and suspension of ministers or their leave algebraic, stressing that any decision on the matter would "act personally."

The cleric Moqtada al-Sadr, issued a statement on 20 March 2013, in which he thanked his ministers after their decision comments membership in the Council of Ministers described the decision as "supervisor" as the face of a warning to all his followers and Friday sermons not to criticize the boycott meetings of the Council.

And issued a Shiite leader Muqtada al-Sadr issued a statement on 19.3.2013, attacked the decision to postpone the elections in the provinces of Nineveh and Anbar promise "exclusion of the Year", and "injustice to the Shia," and described "the marginalization of the Sunnis of Iraq disaster unforgivable", and stressed that promised to postpone elections In general, "the consecration of the idol and dictatorship", also stressed that staying in the current government "is harmful", threatening to "discuss carefully with our brothers suspension and withdrawal from the government and even the Parliament lean."

And experienced positions cleric Moqtada al-Sadr on the issue of withdrawal of Ministers varies between fierce criticism and the approval, as it's a response to a claim of the Iraqi, 03/05/2013, the "solidarity with them and prevent" ministers power to attend meetings of the Council of Ministers criticism and stressed that the Sadrists partner with a coalition of state law and consult with him in all things, expressing his refusal to call for the withdrawal of Iraqi Ministers at the present time they returned to the topic "would negatively affect the service of the people."

Before this Sadr has summoned his ministers in the government to Najaf and met with them to discuss the option of withdrawing from the government formation, and developments in the political process in Iraq, and days after Sadr refused to accept his ministers in Business Administration and ministries of the Iraqi List, by proxy.

Al-Sadr announced in 01.31.2013 ministers trend will يتسلموا any position proxy rather than ministers of the Iraqi List retreating, a position won praise from Iraq, but the Minister of Planning of the stream Ali Shukri received the responsibility of the Ministry of Finance Agency, which was run by the leader of the Iraqi List Rafie al-Issawi.

Link

And former Minister of Transport reveals a number of files, which obliges Kuwait compensate Iraq or waiver of resolution 833

2013/03/18



Called the Iraqi Transport Minister former Iraqi government to open a number of files related to political with Kuwait, including its support for Saddam Hussein's regime during the war eight years, saying that deduction naval base in Umm Qasr would negatively affect the port of Umm Qasr, describing resolution 833 International that violates the law of the sea International
Said Amer Abdul-Jabbar told N. news reporting that the naval base demanding Kuwait annexation annexation resolution 833 is part of the waters of Umm Qasr which adversely affect the territorial waters of Iraq, saying that the above decision violates the international law of the sea within Article 70 "
Abdul-Jabbar said that Kuwait supported the regime of Saddam Hussein with dirty money during his reign and Iraq could open a number of files with the Kuwaiti side in order to reach solutions Ardaúah between the two countries, a concession Kuwait consensual resolution 833 "
Detection and former transport minister on the number of files that can negotiator Iraqi to open them against Kuwait including the Emir of Kuwait late Jaber Al-Sabah was an assassination attempt mid-eighties of the last century has been accused of Kuwait at the time Iran so called morning at the time of Saddam Hussein that avenge him He issued Saddam timely days combat he called on Kuwait and on the track gave Iraq a lot of victims because of demand Prince Kuwait in addition to supporting unlimited by the Kuwaiti government during the Iran-Iraq war funds dirty and buy weapons resulted from liquefaction blood of Iraqis as well as open a file of Halabja, where was buying arms hit Halabja money from the state-backed Kuwait at the time "
He call on the Iraqi government to open these files through negotiations with Kuwait arrive at Ardaúah solutions reached Kuwait to waive consensual resolution 833 "

Link

Specialists: Central Bank procedures for the sale of hard currency caused the reduction rate of the dinar against the dollar

 17-03-2013

Baghdad (news) / report / Hussein Faleh / .. After that saw Iraqi dinar exchange rate stable remarkable for hard currency for a long time but he came back to drop, especially after the crisis the central bank that toppled Governorate Shabibi and a number of his staff, where he received the President of Supreme Audit Basset Turki tasks agency until a governor efficient centralized the Bank management.

It started the new administration headed by Turkish taken a series of decisions and controls on the sale of hard currency in the auction, and ordered banks and banking companies abide by them.

Where complained a number of owners of private banks and companies to mediate (banking) and specialists from restrictive measures taken by the Bank regarding the sale of the dollar as well as granting licenses for banking companies, making there is an increasing demand for the dollar paid Showing little of it, which led to increased price in the local market.
Warning during their talk (of the Agency news) of the continuing decline in the exchange rate of the dinar in the coming period in the event of mitigation measures and facilities by the central bank.

A member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, pregnancy, the responsibility of the Central Bank to cut the exchange rate of the dinar against the dollar because of restrictive procedures in granting licenses for the operations broker companies (banking), to make the process confined to certain companies without the other.

Abbas said (of the Agency news): There are companies still in control of the process of buying hard currency from the central bank because of the restrictions of the bank's management to companies broker to increase its capital, demanding the central bank to ease procedures for the sale of hard currency for companies to mediate to stop the monopoly of some companies on the procurement process .

He added: process must be indivisible capital for companies to mediate so that there are no practical monopoly by some companies and banks as it was in the previous Directors of the Central Bank.

He explained: that when these companies dominate the procurement process in the bank will auction fake receipts to grab the largest amount of foreign exchange.
The Iraqi Central Bank announced the extension of a capital increase for companies to mediate in the sale and purchase of foreign currencies to December 31 of this year to be the last date for the extension.

The Iraqi Central Bank has decided to increase the capital of existing exchange companies which operate in the market and companies under formation to 500 million dinars.

For his part, warned the decision of the Commission of Economy and Investment MP / coalition of Kurdish blocs / Mahma Khalil, of continuing to reduce the exchange rate of the Iraqi dinar against the dollar as a result of the central bank's measures, which led to reduce the width of the dollar in the market.

Khalil said (of the Agency news): The recent crisis, the central bank and changed his administration as well as the unstable political climate experienced by Iraq, make there is a growing demand to buy the dollar in the market by the citizens and convert their money into hard currency.

He added: that the current management of the bank made it difficult process and the arrival of the dollar to the market and then to the citizens and traders because of restrictive procedures, which fears out large amounts of hard currency abroad or the occurrence of money laundering.

He continued: the central bank should make it easier process pumping dollars into the market and then tighten the control on the process spent at home or abroad to prevent money laundering operations or the like.

The Director of the Office of the banking and selling foreign currency Raed Aziz, said: The Department of the banking and credit of the Central Bank allowed the owners of private offices to sell foreign currency to open companies registered with a private b (banking) that allow the buying and selling dollar according to specific controls, different from controls earlier, which was taken by the central bank.

He Aziz (of the Agency news): The bank requested an increase of the company's capital to (500) million Iraqi dinars, which is a large sum and difficult on a lot of citizens, where he was scheduled to begin corporate work early February, but the new regulations issued by Central obstructed the process of granting licenses to companies.

He added: that the measures include conversion of special treatment procuring the license from the owner or managing director or shareholder to Criminal Department of the Ministry of Interior for ratification, as well as transferred to the Department of Economic Crime, and the money laundering section at the Central Bank.

He called for: the need to ease the procedures for granting licenses to companies because it will facilitate the process of selling hard currency and fill the market need them, and also to contribute to the stability of the exchange rate on the grounds that any company that has a share weekly hard currency backed by the central bank and thus contribute to the control of the market.
Refer Aziz: the reason for increasing the dollar exchange rate during the current period to limit the sale of hard currency on certain civil banks either banking companies it may limited quantities of each company's share (100) thousand dollars a week, they amount does not meet the needs of the dollar market.

The central bank held daily sessions of currency auction except Fridays and public holidays, and the participation of a group of Iraqi banks, within which the sale and purchase of foreign currency, and the central bank process currency converter sold abroad, for some companies and citizens for a commission certain.
The witness of the dinar exchange rate the relative decline Bsaara Iraqi against the U.S. dollar. / End / 8.. /

Link