Monday, April 29, 2013

Financial expert: the granting of loans banking "ironing card" will eliminate the boring routine


29-04-2013

Baghdad (news) .. Financial expert suggested the name Hadi al-Tamimi, the adoption of smart card system in all banking transactions, especially in the process of granting financial loans, to eliminate red tape and corruption prevailing financial position.

Tamimi said (of the Agency news): The orientation Housing Fund to contract with a company to Card 'global distribution of financial loans through the smart card will facilitate the process of granting and repayment of loans for citizens and the Fund.

He added: This system must circulate in every banking operations, especially in the granting of loans to eliminate the boring routine and financial corruption that is exploited in some quarters at the expense of the Iraqi citizen.

He stressed the importance of the introduction of modern systems in the banking business for the development of the banking sector and to facilitate financial transactions.

The company has made global smart card (Key Card) willingness to organize the process of granting and the payment of Housing Fund loans through a system of smart card-mail, with awaiting official المفاتحة from by the Ministry of Housing to proceed with the matter. / End / 8. D. O /

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Saturday, April 27, 2013

Schiller Aziz: Kurdistan hold a meeting today to prepare a paper delegation, which is visiting Baghdad next Monday


27-04-2013

Erbil (news) .. Announced member of the Kurdistan Alliance MP / Kurdistan Alliance bloc / Schiller dear, that a meeting of the Kurdish forces with the President of the Kurdistan Regional Government, to prepare a paper Kurdistan delegation on a visit to Baghdad on Monday.


Said Aziz in a statement (of the Agency news): The meeting will happen today in the Council of Ministers of Kurdistan headed by the provincial government Nechirvan Barzani and the presence of heads of Kurdish blocs and parliamentary minister in the federal government to prepare a paper delegation on a visit to Baghdad on Monday, indicating: that the paper will include all the problems between center and the region and the way resolved through the constitution and the agreements signed previously.


She added: that the delegation of political will travel to Baghdad on Monday will include all political parties in the Kurdish region, and will have a schedule for all the problems and will demand by these problems, are described: that the meetings of the delegation not be limited to the federal government, but with the political parties that have a role in solving problems.


The works of the Kurdistan region, to send a delegation to Baghdad to negotiate and consult with the Federal Government and the National Alliance on outstanding issues between the center and the region, the center of the Prime Minister Nuri al-Maliki to give compulsory leave of Ministers of the Kurds, because attached to their work for political reasons ./24.'s. M /

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Thursday, April 25, 2013

Deputy: the need to control the formation of committees to destroy the old currency in the implementation of the project to delete the three zeroes


25-04-2013

Baghdad (news) .. Stressed member of the Economic Commission MP / National Alliance / Abdulabas the Xiaa, the importance of the formation of the supervisory committees of all state institutions to pursue the process of destroying the old currency in the implementation of the project to delete the three zeroes from the national currency.

And said Xiaa (of the Agency news): The project to delete the three zeroes is one of the important projects and sensitive because it is linked with public money, its implementation process must be monitored and accurate to prevent fraud and manipulation and money laundering.

He explained: that practical measures to destroy the old currency must be under the control of the House of Representatives and government institutions in the country and with the participation of the media during the formation of committees to control, to prevent tampering and theft by some quarters.

He added: that the central bank gave a deadline of two years for the process of replacing the old currency currency deleted them zeros, to be handled together, that is the process of absorption of the old currency from the market so did not feel the citizen. / End / 8.'s. M /

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Barzani in Baghdad next week



A source familiar with the Kurdistan Regional Government, today, Thursday, that the President of the Kurdistan Regional Government, Nechirvan Barzani, will arrive in Baghdad next Monday to discuss the outstanding issues between Baghdad and Erbil.

The source, who preferred uncle of anonymity, said that "the President of the Kurdistan Regional Government Nechirvan Barzani hoped that up to Baghdad next Monday at the head of the delegation of Kurdish political high-level", adding that "this visit will discuss various issues of disagreement between the central government and the Government of the Territory" .

The source added that "the agenda of talks between the Kurdish delegation and officials in the central government search includes the return of Minister Kurds to the meetings of the Council of Ministers and the federal budget and the allocation of the Peshmerga, as well as other issues," adding that "the atmosphere between Baghdad and Erbil look positive ahead of the visit."

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Tuesday, April 23, 2013

Parliamentary: the government handed amend the Tariff Act to the House of Representatives .. The coming days will be discussed



Baghdad (news) .. Said a member of the Committee on the economy and investment MP / coalition in Iraq / Nora Albjara, the amendment of the Tariff Act by the federal government and sent to the Parliamentary Committee on the economy to be discussed and passed in the House of Representatives in the coming days.

She informed Bijari Agency (news): About to make amendments to certain paragraphs of the Tariff Act by the federal government, and handed him over to the House of Representatives that is discussed extensively by the competent committees after the holiday, parliamentary, to be submitted to the Presidency of the Council for the purpose of voting.

She added: The Congress of the economic and investment commission insist on the application of the tariff as soon as possible, because of its great importance to the protection of the national economy and the domestic product, well that will stimulate economic sectors Other Kalsnaaah and agriculture.

She pointed out: that there are government agencies trying to block implementation of the law, for reasons described by the personal interests of some officials who deal with dealers, suppliers and foreign companies that export to Iraq. / End / 8.'s. M /

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Sunday, April 21, 2013

Iyad Allawi calls for the formation of a new government within 45 days

Sunday, April 21

Twilight News / Student existing Iraqi President Iyad Allawi, on Sunday, to form a new government within 45 days of the results of the provincial elections, called for "building" institutions at the level of "sweeteners" after "failed" in the political process to achieve the level of the country.
Allawi said in an interview, followed the "Twilight News", "We hope that the result in the election of building civil societies in all provinces until the institution-building at the national level and call for the formation of a new government within 45 days," noting, "We want to build the institutions at the level of sweeteners after the political process has failed to achieve the level of country, Fbernamjna the calls for a restructuring of the institutions of water, environment and planning, security and safety. "
He added, "The people have fed sectarian and lack of governance, and the lack of employment opportunities and human rights violations and filling prisons with detainees who are being tortured," مردفا, "and we wish also to get the provinces on entitlements constitutional, for example, budget allocations so that they can start in construction through institutions rather than the local council; This is what the Iraqi hopes that witnessed this election. "
He said Allawi risks suffered by the list in the period leading up to the election, "We have lost many individuals during the past five weeks, through the assassination of explosives or shot by snipers, even now killed seven candidates Twenty activists from the list of Iraq," noting that "the forces loyal the government has threatened and intimidated many individuals in the Iraqi bloc, which clearly shows the pressures that we face amount since all of those who lost their lives or been injured or have been subjected to threats were from Iraq. "
The Iraqi National Accord Movement, which Atzaaha Iyad Allawi, has revealed, all that its leader prepared message documented the "violations" of the electoral process that took place yesterday and decided to send it to the Iraqi courts and international, as pointed out that among the shooting by security agents and banditry .
And saw the elections that took place on Saturday in the 12 Iraqi provinces, a great reluctance of voters boycotted because half of the eligible voters that did not exceed 50% in those provinces, according to the Electoral Commission for elections.

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Saturday, April 20, 2013

Najib: Survey of selling the dollar in the Rasheed Bank will reduce the manipulation and fraud in the sale of hard currency

04/20/2013

Najeebeh

BAGHDAD (Iba) .. A member of the Finance Committee praised the MP Najiba Najib, the decision of the Ministry of Finance to limit dollar selling in the Rasheed Bank only with strict conditions considering it as a step towards reducing the smuggling of hard currency and create a balance between the Iraqi dinar and the U.S. dollar.

Said Najib told the independent press (Iba) on Saturday, "said the move stems from the fear and the Ministry of Finance of the deterioration of the Iraqi currency and rising mafia smuggling hard currency to neighboring countries, stressing that" the continued high Sarabv dollar against the dinar payment of the Ministry of Finance, in coordination with the Central Bank by making Rasheed Bank main bank to sell the dollar and under specific conditions. "

He referred to "compel the citizen who wants to buy the dollar by highlighting the passport to make sure the actual need to buy the dollar and reduce manipulation to buy the dollar and sell it on the black market at high prices."

He continued, "The Finance Committee will host the central bank involved in the and specifically section of the auction and sell the currency, noting" there are some coordinators and Exploited Children to develop a troubled country of manipulating the sale and smuggling of currency outside the central bank. "

This instructed the Ministry of Finance to the Rasheed Bank to sell the dollar for the citizens of its headquarters and branch Shorja exclusively subject to specified conditions. (End)

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Banker: delete the zeros in the current period will help forgery and counterfeiting of currency

04/20/2013

Iraqi banknotes

BAGHDAD (Iba) .. Mark North Bank adviser Investment and Finance wholesome Elias Abbou, that the current period is not appropriate to start procedures to delete the three zeroes from the Iraqi currency.

He said Abbou told the independent press (Iba) "The process of deletion of zeros from the perspective of economic management process relies on how to control the deletion of zeros without imbalance between the monetary value of the previous and the new value, warning" from the disruption of purchasing power after the deletion of zeros and harm consumers first . "

"The replacement of the Iraqi currency restructuring measures in the current circumstances is correct and will lead to Antstreetmlah of counterfeiting and forgery as a result of the instability of the security situation, political and economic."

He Abbou "The interest of the deletion of zeros is the process by reducing the money supply only and you need a long time to define them as citizens and that the current circumstances is appropriate to start the process." (End)

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Member of the parliamentary economy: the new central bank administration succeeded with some financial matters and a lot of them failed to


20-04-2013

Baghdad (news) .. Student member of the Committee on the economy and investment MP / National Alliance / Abdulabas the Xiaa, the central bank adjust its policy towards the exchange rate of the dinar against the dollar, and tighter control on the sale of hard currency.
And said Xiaa (of the Agency news): The Directors of the Central Bank of the problem and the agency has succeeded to some things that pertain to monetary policy at the beginning of the receipt of the task, but failed in many of them did not stand the mafias some private banks and weak souls who aim usury.

He added: that a lot of things that pertain to the work of the central bank needs to be regulation, noting that the dollar exchange rate is still high compared to the dinar and currency smuggling and money laundering also still exist.

And called for the central bank to develop procedures to monitor banking operations and sale of foreign currency to curb smuggling, economic crimes and the stability of the exchange rate of the Iraqi dinar. / End / 8. N. R /

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Friday, April 19, 2013

Economist: World Trade Organization (WTO) will boost Iraq's relationship with the major industrialized countries


19-04-2013

Baghdad (news) .. He stressed the economic expert Ismail Radi, the need for Iraq sought to join the World Trade Organization because of its features help to support the economic sectors of the country, and convergence Iraq with the major developed countries.

Radi said (of the Agency news): The Iraqi Ministry of Trade required to complete the procedures related to Iraq's accession to the World Trade Organization to support the national economy, because it would boost trade exchanges and ensure receipt of goods is good for the country.

He added: countries that fall under the membership of the organization is one of the major industrialized nations in the world, such as Japan, China, Korea, England, Germany and others, and this is what will bring Iraq to those countries that will contribute to strengthening economic and trade relations with them.

It is noted that the World Trade Organization asked Iraq to complete the procedures necessary to obtain membership of the organization.

And established the World Trade Organization in 1995, and is one of the smallest organizations global age where the WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II, and its primary objective is to assist in the flow and the flow of commerce بسلاسلة and freedom.

Include membership in the World Trade Organization more than 140 members representing more than 90% of world trade. / End / 8.'s. M /

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Economist: the need to conclude economic agreements with developed countries for the advancement of the national economy





Baghdad (news) .. Economic expert called Jalil al-Rubaie, the need to conclude trade and economic agreements with the advanced industrial countries to gain experience and activating sectors and reduce reliance on oil revenues.

Rubaie said (of the Agency news): The Iraqi economy is still at a rate dependent almost entirely on the revenues generated from oil sales, due to the negligence and stopped vital sectors Kalzeraih the industrial and tourism.

He added: that the conclusion of economic and trade agreements with developed countries in terms of economic gain experience and bring investment companies to work in Iraq will be able to promote the national economy in various sectors, and the country's transition from the consumer to the product.

He pointed out, that most of the economic agreements entered into by the Federal Government with the remaining countries without activating just ink on paper, calling to activate all previous agreements and to conclude new agreements in order to create a great economic revolution in the country. / End / 8. N. R /

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Wednesday, April 17, 2013

Najib: the restructuring of the currency would help in reviving the Iraqi economy


04/17/2013

BAGHDAD / Raghad Doham

Confirmed a member of the Finance Committee in the Iraqi Parliament Najiba Najib that "restructuring of the Iraqi currency is an urgent need in the form that is in harmony with the size of the budgets of the country and the amounts received by the state, so it is important to be adopted currencies metal with small groups and others with large groups such as the" 20 "1050 thousand Iraqi Adinar the. "adding that" structural re-used financial and Tistaad policy to revive the economy of the country. "

Najib said that "these prefectures with large category will help traders and Iraqi businessmen dealing in Iraqi dinars instead for asylum to the U.S. dollar to the difficulty of the transfer of the amount of Iraq."


Link

Abdulabas Xiaa: Central bank to develop procedures to prevent fraud at the currency exchange after deleting three zeros of them


17-04-2013

Baghdad (news) .. A member of the Committee on the economy and investment MP / National Alliance / Abdulabas the Xiaa date for the implementation of the project to delete the three zeroes from the currency earlier this year (2014), stressing that the central bank measures that will limit fraud and manipulation that may accompany the process of replacing the currency.

He said Xiaa (of the Agency news): The project to ايعد delete the zeros of the three from the Iraqi currency only, but re-structuring currency in terms of reduction of banknotes, noting that the highest category of paper will be (200) dinars, which is shorthand for the $ (200) thousand dinars, equivalent (170) dollars.

He added: that the central bank will begin its procedures proactive implementation of the project during the current year Ktba currency and contracting with companies to be after the process of replacing the currency in early next year, pointing out that the central bank put strict measures to prevent fraud that may accompany the replacement process.

He pointed out: that the country needs to restructure the project after the currency to delete the three zeroes from being on the verge of an expected increase in fiscal revenue in the coming years This figures Sechtzel and banknotes.

He explained: that the project will include Coins & Stamps, and consists of categories (half JD, JD, JD 5, 10 dinars, 25 dinars, 50 dinars, 100 dinars, 200 dinars), so that the employee if his salary million Vestelm thousand dinars, ie five categories of paper from the category of ( 200) dinars, stressing that this process will facilitate a lot of financial and monetary matters. / End / 8.'s. m /

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MP Faizullah: the continuing problems of the central bank will affect the stability of the exchange rate of the Iraqi dinar


17-04-2013

Baghdad (news) .. Warned the Vice-Chairman of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Hassan Faizullah, of continuing problems within the central bank charges on his work because it will affect the stability of the exchange rate of the Iraqi dinar.

He said Faizullah (of the Agency news): that the central bank is a major financial institution and job maintaining the stability of the currency and control of financial and banking operations, Fasthdavh will decrease would in front of international banks, and lose confidence in him, and thus affect the stability of the Iraqi dinar.

He added: can not be any party to interfere with the work of the Central Bank or directing false accusations untrue to reality, as it is an independent body unrelated third party run by financial experts and economists.

He was accused member Integrity Committee Jawad Alshahyla, the current Directors of the Central Bank of stealing 10 tons of gold, as well as other operations of currency smuggling and money laundering.

And witnessed the exchange rate of the Iraqi dinar severely decrease its price against the U.S. dollar, which made economists fear the financial and monetary situation in the country of the problems that may affect it. / End / 8.'s. M /

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Parliament receives the amendments to the law of accountability

04/17/2013


Parliament receives the amendments to the law of accountability


Detection and Minister of State for Parliamentary Affairs purity of net debt, sending a draft law amending the Law of the Supreme National Commission for Accountability and Justice to the House of Representatives for legislation.

Safi said in a press statement: "The first amendment bill to the law of the Supreme National Commission for Accountability and Justice was sent to the House of Representatives for the purpose of voting on legislation". He was chairman of the Justice and Accountability Commission parliamentary Qais الشذر has announced that the Council of Ministers approved the amendments to the law of accountability and justice and decisions by majority, stressing that the decision alternative would raise the injustice of a large number of Iraqis, as pointed out that it was agreed to end the file within 18 months from the date of approval .

For his part, ruled out the decision of the House of Representatives Muhammad Al-Khalidi, that is passed amending the law of accountability and justice in Parliament. Said Khalidi in a press statement on Tuesday: "The Justice and Accountability Law is one of the important laws that will implement positive impact heavily on achieving a vital part of the demands of the demonstrators , even though we see that the recent amendment did not change anything of substance out of the law, if it is not described by the more severe in some paragraphs. "

He added that "the law met with convulsive reactions from within the blocks that fall within the National Alliance, and this will create a major crisis within the House of Representatives in general and especially within the National Alliance, and will not allow the provision of adequate political majority to pass within the parliament."

In the meantime, the State of Law bloc linked to vote on amendments to the law of accountability and justice to vote on a draft law banning the Baath also stipulated compensate all those affected by the dictatorial regime.

A member of the bloc affiliated to the National Alliance Shaker Darraji's (Center Brief for the Iraqi Media Network): "The Ktltna will not vote on the amendments to the law of accountability and justice in the House of Representatives unless it is finished compensate all those affected by the dictatorial regime." He continued: "It is not fair be granted rights to the Baathists while still rights were not up to those affected by the former regime, despite the passage of ten years. "He continued:" We do not have we a problem in the granting of rights in amendments accountability and justice, but that preceded the granting of rights is primarily for those affected. "

It is said that Vice Chairman Bakhtiar told Judge (Center Brief for the Iraqi Media Network): "What announce some of the existence of selective application of the law of accountability and justice from the Commission incorrectly."

He said the judge that "the exceptions granted by the Commission for covered proceedings included all Iraqis," noting that "the majority of the exceptions granted by the Commission applied in the five provinces of Diyala, Salahuddin and Anbar, Nineveh and Kirkuk, especially with regard to the return of the former Iraqi army officers." In turn, explained Member State of Law Coalition MP virgin Farouk that the adoption of a law criminalizing the dissolved Baath Party will change the positions of the political blocs reject the amendment of the law of accountability and justice in the House of Representatives.

Said Farooq in a press statement: "Modify the accountability and justice came from meetings of the Committee of Five and deported from the Council of Ministers after the ratification of the amendment and is now in the House of Representatives," adding that "the approval of the Council of Ministers on the amendment does not mean approval of both parties political him, but there are views of the deputies about. "and added that" passing a law criminalizing the Baath Party, in the House of Representatives will change the positions of the political blocs refusing to amend the law of accountability and justice, "noting that the second requirement of the demonstrators on the law of amnesty has not yet been decided between the issuance of a general amnesty or special.

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Sunday, April 14, 2013

Finance parliamentary: Central Bank during the current year begins procedures deletion of zeros from the currency

04/14/2013

Finance parliamentary: Central Bank during the current year begins procedures deletion of zeros from the currency


She said the parliamentary Finance Committee, the central bank and according to official communications of the current year starts procedures for deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and international economic.

And a member of the Finance Committee said Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) "It According to official Almkhtabat, with the central bank, it is supposed to start during this-General Balastaadadt for deleting three zeros from the local currency."

He pointed out that "the local currency will reduce from four billion to one billion unit unit which will make there انسيابة in the process of transfer of the currency."

Yasiri between that "the Finance Committee to make changes to support the local currency because of the economic importance to the country."

The central bank says that the deletion of zeros comes under a plan to develop its monetary policy and currency management reform.

He was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that "the replacement of the currency and delete Ocefarha will features the best and biggest reduce the size of inflation and revive the dinar due to lack of demand for the dollar, which comes advantages of a large economy of the country, and to replace it will revive the economy Alibd but needs to political and economic atmosphere appropriate to carry out the project without facing any obstacles lead to a deterioration of the Iraqi currency. "

The CBI had said in August that it plans to delete the zeros from the Iraqi dinar to facilitate financial transactions carried out through cash in most cases. Among the difficulties faced by Iraq if they are to foot on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then discarded and replaced with new currency

Link

Saturday, April 13, 2013

Financial expert: increased hard currency outlets will contribute to the stability of the exchange rate of the Iraqi dinar



Baghdad (news) .. He stressed former member of the House of Representatives Abdul Hadi al-Hassani, the need to strengthen economic and trade cooperation between Iraq and all the developed countries in the fields of economy, to support and develop economic sectors and systems in the country.

Hassani said (of the Agency news): The new Iraq is undergoing especially after the change of the political system, which was calling for the wars and all States Province to a decentralized democratic system, believes in the policy of the free market economy.

He continued: So should open the prospects of joint cooperation at all levels and sectors between Iraq and all economically developed countries through the exchange of experiences and bring international companies and investment consulting, support and development of the national economy.

He added: that the world has become a small village through the use of technology and technological work, registered any country access to the other country and take advantage of its potentials and energies and promote trade and economic تبادلاته with him. / End / 8.'s. M /

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Hassani: Iraq is passing through a new phase should open with the economic prospects of all countries of the world


13-04-2013

Baghdad (news) .. He stressed former member of the House of Representatives Abdul Hadi al-Hassani, the need to strengthen economic and trade cooperation between Iraq and all the developed countries in the fields of economy, to support and develop economic sectors and systems in the country.

Hassani said (of the Agency news): The new Iraq is undergoing especially after the change of the political system, which was calling for the wars and all States Province to a decentralized democratic system, believes in the policy of the free market economy.

He continued: So should open the prospects of joint cooperation at all levels and sectors between Iraq and all economically developed countries through the exchange of experiences and bring international companies and investment consulting, support and development of the national economy.

He added: that the world has become a small village through the use of technology and technological work, registered any country access to the other country and take advantage of its potentials and energies and promote trade and economic تبادلاته with him. / End / 8.'s. M /

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Jaafari: our budget more than 5 neighboring countries and our population is less than a quarter of the population, live below their levels

Friday, 12 April


Twilight News / troubled head of the Iraqi National Alliance, Ibrahim al-Jaafari, on Friday, that Iraq's budget over five countries and population of a quarter of its population live below the level of those countries, calling on voters to the need to investigate the selection of the candidate honest and efficient.
The total federal budget of $ 138 billion is the largest in the history of the Iraqi state, which included the amount of 55 billion dinars part of the investment, and $ 83 billion in the operational part.
The Iraqi government built the budget in 2013 on the basis of (90) dollars a barrel at a rate of 2.9 million barrels of oil a day.
Jaafari said in a statement obtained "Twilight News" a copy of it during a meeting with a delegation of elders and notables of Sadr City, said that "Iraq's budget than the budget of five neighboring countries, and the proportion of the population does not exceed a quarter of the population of these countries, but it lives below the standard of living; So should be a concerted effort in the fight against all types of corruption manifestations to eliminate widespread poverty among the community. "
He pointed out that "the election season would eliminate the spoilers by electing efficient, and fair, and the Secretary on the capabilities of the people; to be replaced, and works to recruit Iraq's budget properly, and contributes to raising the level of services to maintain," arguing that "non-participation in elections means to maintain the corrupt in office. "
He stressed the need to "take the voter role in the investigation of the most competent candidate, the personification of national responsibility; because elections will determine the future of Iraq for the next four years."
The Iraqis cast on the twentieth of this month voted to elect members of local councils in the provinces, while the elected army and police representatives on Saturday.

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Wednesday, April 10, 2013

Member of the Commission on oil: Iraq's access to full membership of the Transparency International is a positive indicator for the success of the oil policy


10-04-2013

Baghdad (news) .. Promised a member of the Oil and Energy Committee MP / National Alliance / Susan Saad, Iraq's access to full membership in the organization Transparency International in بالنقلة oil quality in the democratic atmosphere of the oil policy pursued by the Ministry of Oil.

Saad said (of the Agency news): that Iraq grant full membership in the organization Transparency International for the mining industry is a good indicator for the success of the oil policy and moral impetus towards the development and growth of the oil sector.

She added: that Iraq is one of the largest oil-producing countries and involved in this organization on the grounds that Leaderboard oil production in the world such as Saudi Arabia, Iran and even the United Arab Emirates refused to join the initiative of Transparency International.

It continued: This indicates the success of the Iraqi oil policy under the new government, especially after the fall of the regime, that there is transparency and arithmetic operations and control despite the challenges facing Iraq and the oil sector.

Was confirmed by the Iraqi Oil Ministry, last Wednesday during a ceremony organized by the Iraqi Oil Ministry in Baghdad occasion for Iraq to full membership in the initiative of transparency in the extractive industries, that Iraq is the only country in the Middle East and OPEC, which gets a full membership in the initiative of transparency in the extractive industries.

While revealed its quest completion of the monument 5000 meter at various stages of the oil industry before the end of the year 2013 the current, showed initiative that there is a 'strict conformity' data between the government and the miners on the amounts paid and received in 2010 the last of $ 52 billion. / End / 8 .. /

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New negotiations between Baghdad and Erbil



10/04/2013

New negotiations between Baghdad and Erbil


Kurdistan Alliance revealed granted delegation on a visit to Baghdad soon absolute authority to conduct negotiations on the outstanding issues between the center and the region.

The alliance stressed that the return of his ministers and deputies to their sites is subject to the government's response to their demands, warned the Council of Heads of Christian denominations "serious consequences" in the event of continuing differences between the political blocs with arent the regional situation.

A spokesman for the Alliance pro-Tayeb's (Center Brief for the Iraqi Media Network), said on Tuesday: "The delegation which was formed on Monday includes five figures are Deputy Prime Minister Ruz Nuri Shaways, and the President of the Kurdistan Alliance bloc Fuad Masum, the head of the mass change Sardar Abdullah, and the head of the Islamic Union Najib Abdullah, head of the group Baber Ali ".

It is said that the presidency of the Kurdistan region first announced yesterday (Monday), the Kurdish delegation will visit Baghdad soon to deliver a message to the National Alliance include the demands of the Kurdistan Region, after Kurdish political forces reached to its final version.

He Taieb that "the task of the delegation is not to deliver a message of the Kurdistan region, but has been granted full authority to conduct negotiations in Baghdad for all the outstanding issues," adding that "the day the delegation's visit to Baghdad did not identify as being based on the second party to prepare for this meeting, but the visit will be soon. "

The deputy prime minister of the Kurdistan Alliance and other Kurdish forces, the intersection of the meetings of the House of Representatives and the Minister, on the background of the vote on the current year's budget without compatibility with the Kurdish parties.

In this regard, MP for the coalition of Kurdish blocs Azad Abu Bakr Zainal, that the return of ministers and deputy mass to their sites depends on government response to their demands, adding that the formation of committees to resolve differences 'waste of time'. Explained Zainal that "the demands of the Kurdistan Alliance demands constitutional and special items Erbil agreement, because it was agreed upon by all political blocs. "

He referred to "the lack of positive indicators to respond to the demands of the Kurdistan Alliance, despite visit by a delegation from the National Alliance to Kurdistan and agreed to form a committee," noting that "the formation of committees just procrastination and time-consuming because the demands known is no need for the formation of committees."

In the meantime, the Council of Heads of Christian denominations, the leader of the Iraqi List, Iyad Allawi, on the initiative of dialogue and reconciliation in order to rebuild Iraq, Allawi said in a statement on Tuesday, following a meeting with a delegation from the Council under the chairmanship of Patriarch Louis Raphael, "The two sides discussed the situation of Christians The political crisis plaguing the country and the peace initiative that sought by the Council of Christian denominations. "

The statement added that the delegation of heads of Christian denominations presented during the meeting, an initiative for dialogue and reconciliation in order to rebuild Iraq, explaining that it "contains the claim break the deadlock between the political blocs and the government, and solve the outstanding problems and the confirmation to speed up the consider files detainees".

The delegation stressed that the "Magistrate initiative include a round-table includes the most prominent political and religious figures from all sects and components to come out with a paper work to ensure a constructive dialogue and hard work to resolve the outstanding issues."

For his part, stressed Patriarch Raphael, that "the differences between Iraqi political blocs, and arent the regional situation, especially Syria will greatly affect the stability of the entire region, stressing that" everyone must find a solution to all these problems, and reversed the consequences will be dire. "

Link

CBI confirms full independence in maintaining the Iraqi economy

10/04/2013

CBI confirms full independence in maintaining the Iraqi economy

Denied the Iraqi Central Bank of Iraq and the existence of any intervention in the currency and returned fiscal policy statements that had been fired earlier baseless and purpose of disabling the work of the Central Bank of Iraq and his policy in maintaining monetary policy in Iraq and the protection of the national currency.

Stressing the continued hard work and careful in determining the amount of damage caused by the public money resulting from the continuing indifference for eight years in the case of foreign currency auction

Calling on all parties to adopt accuracy and Almsaddaqikh in our news Bank, declaring that he will pursue any legal attempt to discredit the independence of the Central Bank of Iraq.

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Monday, April 8, 2013

Iraq participates in meetings of the World Tourism Organization in Bahrain

08/04/2013
 
 
Iraq participates in meetings of the World Tourism Organization in Bahrain
 

Announced Ministry of Tourism and Antiquities post Iraq high-level delegation in the meetings of the World Tourism Organization (WTO) to be hosted by the end of this month in Bahrain.

The Minister of Tourism and Antiquities, Dr. Brigade Smeisim's (Center Brief for the Iraqi Media Network) that the delegation will be headed by Advisor Ministry older Bahaa Mayah and a number of competent officials in the tourism sector, noting that Iraq will chair meetings of the Organization to be held in Manama for a period of (28 30) of the month .

He said Iraq will worksheet tourism in the Middle East and will be seminars the honored Arab tourism, as well as put a working paper concerning tourism in Iraq and call for help in the reconstruction of infrastructure for the tourism sector in the country, especially that Iraq possesses all the ingredients that help to promote the sector and bringing it to the ranks developed countries to the attributes of the tourist sites and religious, recreational and therapeutic archaeological.

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Member: Financial parliamentary plans to host the central bank governor to discuss the failures in the exchange rate of the dinar

08-04-2013

Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, for his committee's intention to host a cadre of Directors of the Central Bank of the interim discussion about fiscal and monetary matters in the country and how to develop them.

Abbas said (of the Agency news): The next few days will be hosting the Governor of the Central Bank of the agency and some of his aides in the House of Representatives, specifically in the Finance Committee for discussion about Akhavaqat exchange rate of the dinar against the dollar, and how to develop the financial and banking sector in the country.

He added: There are many complaints about the sale and purchase of foreign currency at the central bank auction and that caused the low exchange rate of the Iraqi dinar against the dollar during the last period, stressing all things will be discussed to determine the most important challenges in and out by drastic successful.

The Iraqi market has seen in weeks a significant disruption in the price of the U.S. dollar against the Iraqi dinar as the selling price of one dollar to 1280 dinars. / End / 8.'s. M /

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Economist: increased central bank sales of the dollar does not contribute to the stability of the dinar exchange rate

08-04-2013

Baghdad (news) .. Economic expert ruled out peace Quraishi, the stability of the exchange rate of the Iraqi dinar against the U.S. dollar at increasing the supply of foreign currency in the market, stressing that it will affect the size of the existing monetary reserves at the Central Bank.
Quraishi said (of the Agency news): The current monetary policy pursued by the central bank is not built on the basis of sound scientific and accurate, which led to a decline in the dinar exchange rate during the last period.

He added: that the central bank works to increase the width of the dollar in the market under the pretext of supporting the dinar exchange rate without the knowledge of the actual need for it, is what makes there is an imbalance in the principle of volumetric balance the supply and demand of foreign currency, and hence the instability of the Iraqi currency.

He warned the economic expert: increased dollar sales in the market because it will affect the size of the monetary reserves, which comes through oil exports, calling for the need to take the principle of balance in supply and demand for dollars in the market, to maintain a stable exchange rate of the dinar against the dollar. / End / 8. l. m /

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Deputy: Iraq is not eligible for انظمام to the World Trade Organization because of enacting laws and absence of a national product

08-04-2013

Baghdad (news) .. Said the decision of the Commission of Economy and Investment MP / coalition of Kurdish blocs / Mahma Khalil, that Iraq is qualified انظمام to the World Trade Organization because of the non-activation of important economic laws and the absence of local product.

Khalil said (of the Agency news): there is international support for Iraq انظمام to this global organization, but to what avail Affiliate and the country lacks a local product and dependent on imports in the base class.

He added: WTO will open horizons of cooperation with all the developed countries and enhance trade exchanges, when of Iraq currently انظمام in the absence of legislation legal task Kaltarifah customs and protecting local products and the lack of national product would hurt Iraq and will not benefit him.

He continued: because those countries Setsegl Iraq to discharge its cargo in return does not have Iraqi exports to be practical commercial exchange, calling on the federal government to activate the package of economic laws broken and encourage domestic product to seize the opportunity of joining the World Trade and the advancement of the national economy.

The World Trade Organization was in 1995, and is one of the smallest organizations global age where the WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II, and its overriding goal is to help the flow and the flow of trade Bslaslh and freedom.

And include membership in the World Trade Organization more than (140) members representing more than (90%) of the WTO. / End / 8.. /

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Sunday, April 7, 2013

Economist: the importance of activating the law of economic development to boost the economy


07-04-2013

Baghdad (news) .. Called economic expert on behalf of Hadi al-Tamimi, to activate the law of economic development by the federal government to support the various economic sectors in the country, pointing out that he has been enacted in the House of Representatives during the previous session.
Tamimi said (of the Agency news): The Economic Development Act, which was enacted during the last period in the House of Representatives is one of the important laws of the national economy, because it supports the sectors of agriculture, industry and tourism.

He added: that the Iraqi constitution recommended in Article (26) interest in the different economic sectors and encourage investment to enhance the revenues of the national economy, but the economic policy followed currently متخبطة is not encouraging, led to disable a lot of important laws.

He pointed out: that there are laws many economic Off each waiting for the legislation in the House of Representatives and the other is disabled by the Council of Ministers, such as the protection of the domestic product and consumer protection tariff and prevent monopoly, saying if the activation of such laws pushed the economy forward. / End / 8 . n. r /

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Specialists: counterfeit currency re-emerged in the market and on the security authorities control


07-04-2013

Baghdad (news) / report / Hussein Faleh / .. It seems that the process of counterfeiting has become a lucrative business with the outlaws, where they appear from time to time cases of counterfeiting Iraqi groups five thousand and ten thousand dinars.

The number of citizens have complained in the provinces of Baghdad, Dhi Qar, Babel and Saladin the spread of counterfeit currency and dramatically in the market, what caused them to resort to buy dollars to keep their money.
And witnessed the exchange rate of the U.S. dollar soared against the Iraqi dinar during the last period due to increased demand to buy it.

Deputies and specialists in the economic sphere called the security authorities and the central bank to take their measures necessary to prevent the spread of counterfeit currency in order to preserve the national economy, stressing during their talk (of the Agency news) on the importance of withdrawing counterfeit currency from the market and issuing coins new carry blades security difficult to forge.

A member of the Economic Committee MP / National Alliance, / Amer the winner, called for: the Central Bank and the Economic Crime Directorate to take their measures necessary to prevent the spread of counterfeit currency of dinars in the local market.

He said the winner) for the Agency news): The phenomenon of counterfeiting has become widespread and largely in the market for a particular category (5000 - 10000) dinars, and this index threat to the national economy, because it will lose the confidence of citizens in dealing in Iraqi dinars.

He explained: that the reduction of the proliferation of counterfeit currency is the responsibility of the security agencies in the state by taking their own means to fight this economic crime and arrest the perpetrators.

He added: that the central bank to have a significant role in preventing the spread of counterfeit currency because it ستربك the national economy, by issuing coins with new technical specifications and high carrying blades difficult security fraud, and the withdrawal of counterfeit currency from the market in order to contribute to the reduction of this phenomenon.

He had announced the official spokesman of the Ministry of the Interior enable the Directorate of Economic Crime in the Directorate of Salahuddin province police to arrest gang specialized foreign currency fraud and possession of counterfeit $ 130 thousand.

The Interior Ministry also said in a statement mid-March last year that 'the police force to combat economic crime in Dhi Qar was able to adjust the printing press to the counterfeiting of currency during an inspection of one of the houses in the neighborhood of Sumer central city of Nasiriyah', noting that 'force found the amount of 1.521 million JD forged from all categories. '

As a financial expert as Hadi al-Tamimi, confirmed that the operations of printing counterfeit currency are outside the country, because it is a complicated process and accurate through which revealed a cipher security in the currency, as evidenced by the process spread of categories of the (5000 - 10000) dinars, and not all currencies.

Tamimi said (of the Agency news): The spread of these currencies in the market ستشوه dinar reputation and lose the trust of the deal, and this will cast on the national economy, calling on the security agencies to combat this phenomenon and the arrest of the perpetrators.

For his part, the Director of the Al-Rimal specialized to sell hard currency Raed Aziz: that fraud existed in the market since a long time but have begun to increase, more and more, where it began the category of the (10000) dinars, and now increased fraud and dramatically category of the (5000) dinars.

Aziz said (of the Agency news): The process of fraud is very accurate so that it is difficult to distinguish between editions (potable and counterfeit) not only in the currency of the dinar and the dollar but even in some cases, especially class (100) dollars.

He added: that the aggrieved citizen first and last of these processes simple because it is difficult for him knowing fraud, while ATM per experience reveals financial fraud in the process, regardless of currency counterfeiting detection devices.

He pointed out: that the majority of traders and citizens prefer in the last period the dollar without the dinar to avoid the phenomenon of counterfeiting, and this is what led to the increased demand to buy the dollar over the last period and increased its price against the dinar. / End / 8. N. R /

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Saturday, April 6, 2013

Kuwait: We will not stand generally remove Iraq from Chapter VII


04/07/2013


Kuwait: We will not stand generally remove Iraq from Chapter VII

Kuwaiti Ambassador to Iraq Ali insured that his country would not be an obstacle in the way of removing Iraq from Chapter VII. Comes at a time when preparing Kuwaiti Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah to visit Iraq during the current month.

The insurer considered in a statement singled out the "Center Brief for the Iraqi Media Network," that "Iraqi-Kuwaiti relations progressing significantly." And called on the Kuwaiti Ambassador to only linked to the relationship between the two parties remove Iraq from Chapter VII only, noting that the ingredients that lays the foundation for a strong relationship between the two countries is religion and the earth, Arabism and brothers.

He explained that the insured people proud of evolution happening in the relationship between the two neighboring countries, pointing out that Kuwait's position on the issue of removing Iraq from Chapter VII clear for some time and supports him out of this chapter, stressing that Kuwait will not constitute an obstacle in this direction, especially since the two sides arrived in stages advanced consolidation of relations. said the Kuwaiti Ambassador to the past period has seen a number of meetings between the two sides at the level of leaders, including visiting Emir of Kuwait Sabah Al-Ahmad Al-Sabah to Iraq and the visit of President Jalal Talabani to Kuwait as well as the visit of Prime Minister Nuri al-Maliki to Kuwait and joint committees and the Commission Supreme common foreign ministers deal with each other. He insured that all the items that hinder remove Iraq from Chapter VII ended except for two issues, namely the remains and Kuwaiti archives, noting that the solution of these two semi-Agreed leaving only proceed to implementation, saying that Kuwait submitted three proposals for a solution which is under discussion, pointing out that the approval will be on any proposal satisfies both sides.

He explained that the two sides سينتقلان to resolve the issue of compensation after the close of my mortal remains of Kuwaitis and Kuwaiti archives, revealing provide Kuwait to a proposal in this regard is waiting to answer him, especially as the United Nations dealing with this matter as well. Was likely the Kuwaiti ambassador that this month will see the visit of Prime Minister Sheikh Jaber Mubarak Al-Sabah Expected to Iraq to resolving things, noting that the delay to conduct the visit came as a result of the political changes in Kuwait as a Council elections and change and start the formation of ministries, expecting that the visit should be a week ahead of provincial elections that take place in Iraq or a week later.

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Expert: Convention on the terms of reference agreement with the U.S. Treasury Department will support the financial sector of the country


06-04-2013


Baghdad (news) .. Financial expert said Osama al-Anbari, that the implementation of the Convention 'terms of reference' signed between the Iraqi Ministry of Finance and the U.S. Treasury Department will have a positive role to the development of the financial sector in the country, through the use of sophisticated devices specializing in financial systems.

Anbari said (of the Agency news): The Convention on the checklist will provide technical support, logistical and administrative support to the Ministry of Finance to facilitate their work through the use of more sophisticated systems from which to dispense with paper manual labor in the ministry, according to the provisions of the Convention.

He added: that the development of the financial sector is important and necessary for the country to boost the economy forward, calling for the implementation of the fact that the United States is one of the most developed countries in the world in all areas, including financial.

He explained: that the Iraqi Ministry of Finance signed an agreement with the terms of reference and the U.S. Treasury Department earlier this year for the development of bilateral cooperation between the two countries.

And Technical Assistance Office intends to visit Iraq by U.S. during the next few steps to follow up the application of the agreement concluded between the two countries. / End / 8. D. O /

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Studying foreign banks to open branches in the country

06/04/2013


 New York Times

Iraq is still struggling to overcome the economic effects of the war and armed actions and political rifts and the fragile security situation. For its nascent banking sector, the challenges do not stop at this point. According to the official website of the Central Bank of Iraq, there are seven state banks in the country and 32 waged banks and 15 foreign banks, but analysts say there is a section of the State-owned banks - especially the Rafidain and Rasheed - controls 90% of the banking business. Says as Khalil Al-Salem Executive Director of the Bank of الكابيتال Ahli in Jordan, which owns 72% of National Bank of Iraq, "the fact that the public banks have been given the opportunity to benefit from the funds of the public sector huge, it is natural to be marginalized banks Iraqi civil, resulting in a loss of confidence of consumers who fear the possibility of the collapse of the private banks, which constitutes a major challenge for the growth of the private banks. " On the other hand says supporter Makhlouf, regional director of the Middle East and North Africa of the International Finance Corporation in Dubai (World Bank Unit, which oversees the private sector) "There are no equal opportunities in Iraq because most of the agencies and state-owned companies - and employees - restricted in their dealings with private banks and deal only with public banks. As a result, the private sector - consisting of approximately 40 banks - a very small and limited his activity in the field of loans. "

Because of the possibility of public banks access to public funds, the capital good, but private banks, it should struggling to get deals in infrastructure competition protector in the construction and manufacturing sectors.

And adding to the difficulties, the central bank has provided two years ago, a law that defines the minimum capital requirements for all Iraqi banks at $ 215 million, will be implemented in June of this year. Says Tawfiq tempers co-director of the company ايفرشيدز of international law "there is a big issue concerning the adequacy of capital in the private banks and request the Central Bank capital increase gradually, it is likely that there will be integration of large among these banks, and possibly close some banks down, and may banks merge or buy other banks. "

If we add to that the costs of the application of risk management and anti-money laundering measures and the difficulty of running Ahli Bank in Iraq, the task seems too strenuous. However has expressed several foreign banks in recent willingness to enter the banking market in Iraq and pursuit of funding opportunities for projects in the country has a lot of untapped potential. Among these banks, Standard Bank تشاترد which gets 90% of its profits and revenues from the provision of services wholesale consumer banking in Asia, Africa and the Middle East. In the last steps, the bank plans to open three offices in Iraq. This bank has a representative office in the northern Iraqi city of Arbil.

In order to expand the activities of its customers within Iraq, the bank introduced this year a request to the Central Bank of Iraq to obtaining licenses in order to expand his office in Erbil to a branch full and to open an office in Baghdad, followed by another branch in the southern city of Basra in 2014. The bank also plans to appoint an executive director in Baghdad to oversee its work in Iraq.

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Wednesday, April 3, 2013

MP Qais الشذر: political problems and weak monetary policy behind the low exchange rate of the dinar against the dollar



03-04-2013


Baghdad (news) .. Refer MP / coalition in Iraq / Qais الشذر, the reasons for the low exchange rate of the Iraqi dinar against the U.S. dollar to the political problems taking place in the country, and the lack of control over the sale and purchase of foreign currency.

He said الشذر (of the Agency news): The weakness of the monetary policy pursued by the central bank, which led to the lack of real control over the sale of hard currency and how to dispensing and quantities traded in the market caused the decline of the dinar exchange rate against the dollar.

He continued: as well as the absence of control over external transfers of money and that caused escape and a lot of money out of the hard currency out of the country.

He added: that the political problems that the country witnessed during the last stage also contributed to the deterioration of the value of the national currency, for it led to an increasing demand for the dollar in the local market.
This has seen the exchange rate of the Iraqi dinar during recent severe decline against the U.S. dollar. / End / 8. N. R /

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