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

Economist : raise zeros from the currency creates controversy economically and 30 trillion Iraqi dinars are traded in the market

Economist said that the deletion of zeros in place of the Iraqi currency to create sensation between supporters and opponents about what that might entail for the effects of the economic sector, especially the volume of currency in circulation in the Iraqi market is estimated about 30 trillion dinars.

The name Abd al-Hadi in contact with the agency, the independent press (Iba) supporters believe that lifting the zeros will create a psychological effect to the citizen through the strengthening of its currency and adopted more widely, rather than the foreign currency that is demand for it as characterized by its high value and ease of pregnancy and the difficulty of counterfeiting.

Abdul Hadi said the process of lifting the zeroes will raise the value of the currency and reduces the demand for hard currency which is distinguished by force and will lead to re-balance between the value of local and foreign currency and give it market power at home and abroad.

Abizaid and Abdul Hadi either oppose the process of lifting the zeroes believe that the dinar will lose its value and depend on the price index in the local market.

And that through the gradual rise of prices would lead to high rates of inflation, so that we lift the zeroes will increase prices and rising inflation rate and have to repeat the same process again.

Abdul-Hadi We are with the postponement of the process at this time because it will create confusion in the Iraqi market and will be charged the Central Bank of huge amounts of money through the process of drawing, printing, replacement, especially the amount of currency in circulation in the Iraqi market is currently estimated at about 30 trillion dinars compared to what it was the amount of currency on our web site in 2004, which amounted to 4 trillion dinars.

He noted that the approach to stabilize the market and the national currency will be better and more effective than replacement with a new value and other currency.

http://www.ipairaq.com/index.php?nam...onomy&id=27401.

New York Times : Biden determines Iraq's future relationship with America

The New York Times commented on the visit by U.S. Vice President, Joseph Biden, Iraq, and regarded it as indicating the willingness of the United States To resolve the political impasse in the country located in four months such as reducing U.S. forces there in August

It is possible to consider this visit from the perspective of the U.S. re-engagement in Iraq, in response to critics who say the Obama administration has not focused enough on the Adoption of the policy of the United States relationship with the future of this country.

It is scheduled to meet with Biden with a number of political leaders in Iraq, including Prime Minister Nouri al-Maliki, and Iyad Allawi, former prime minister, who won his coalition in the recent elections the largest number of seats will also meet with Biden, Iraqi President Jalal Talabani.

Biden's visit coincided with another by three members of the Senate are Republicans John McCain and Joseph Lieberman and Lindsey Graham Independent. Whether that was intentional or not, this visit indicates the escalation of diplomatic efforts at the moment is described as crucial in the life of the fledgling democracy in Iraq.

http://www.baghdadtimes.net/Arabic/index.php?sid=62752

Ali al-Dabbagh rule out naming a single candidate for the post of prime minister within two days

Ruled out a coalition member Ali al-Dabbagh reach the national components of the Alliance to nominate one candidate for the post of prime minister within two days, noting that it will not be that easy.

Dabbagh said that the strongest candidate in the National Alliance for the post of prime minister is Nuri al- Maliki.

Dabbagh's comments came after mentioning the National Alliance MP Abbas al-Bayati said earlier that the National Alliance approached the nominee for prime minister, and his final statement may take two days.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-07-05

Biden continues to meet with Iraqi leaders urging them to end their political differences

Continue to Vice President Joseph Biden, his meetings on Monday with Iraqi leaders, urging them to speed up the formation of the new government with the approach of the constitutional deadline mid-July now.

He met with Biden on the third day of his visit President of the Supreme Islamic Council of Iraq Ammar al-Hakim attended by U.S. Ambassador Christopher Hill, top U.S. commander in Iraq, General Ray Adoerno in addition to members of the Supreme Council.

He urged Biden, who began his visit on Saturday, Iraqi leaders to end their political differences that had delayed the formation of the government four months after the elections.

He directed his speech to a number of ministers at a reception on Sunday, on the occasion of U.S. Independence Gala that achieving progress in Iraq "depends on the will of the individual subject your interests for the good of all."

He added: "I want to be clear, I do not give lessons but the concept of subjecting the individual interests of the key to the success of any nation."

Referred to as the most prominent attendees at the ceremony President Jalal Talabani and Vice President Tariq al-Hashemi, Foreign Minister Hoshyar Zebari and Oil Hussein al-Shahristani.

Biden was met with Prime Minister Nuri al -Maliki and President of the Iraqi List, Iyad Allawi.

Biden's visit comes to Iraq at a time when American combat units to withdraw, bringing the total late August next fifty thousand, compared to only 77 currently in alpha.

In the same context Aaatarpt a number of political blocs visit by U.S. Vice President Joseph Biden as unusual, in others indicated that it came to pressure on the political blocs to form a government.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-07-05

Minister of Finance to submit a proposal to increase the Japanese loan to Iraq to five billion dollars

The Minister of Finance Baqir Jabr Al-Zubaidi with the Ambassador of Japan to Iraq (Shoji Ogawa) political and economic relations between the two countries and ways of enhancing joint interests.

Zubaidi and during a meeting with the Japanese ambassador made a proposal to the Japanese government to increase the Japanese loan for Iraq and of 1,5 billion to become the value of the total loan of 5 billion dollars for the purpose of establishing new projects in the provinces.

A statement of the Ministry of Finance said Zubaidi discussed with the Japanese ambassador to the allocation of the remaining amount of the Japanese loan of (220) million proposed allocation (120) million to the Ministry of Communications to improve the telephone network ground in Iraq and the allocation of (100) million dollars to set up two hospitals with a capacity of (200) Beds.

http://radionawa.com/Ar/NewsDetailN....354&LinkID=155

Kanna : poor application of investment laws and monopoly power was born in Basra feedback

Rep. Kanna there were errors in the application of laws and a state of commitment in some of the central policy-generated reactions in Basra because of monopoly power and lack of development of vital sectors of the possibility of investment in the province compared to Kurdistan region

"We were in contact with the agency and the independent press (Iba) that the investment authorities in the provinces have the authority specified in the size of the investment projects to come beyond the validity of the National Investment Commission and if the value of investments exceeded 250 million dollars to become the prerogative of the government.

And Carter said all political parties have specific policies and trying to pass, achievable and in some cases reflected on the provincial councils through to circumvent the laws.

He pointed out, there are attempts to circumvent the laws and regulations which define the functioning of investment projects and guarantee the rights of provincial councils.

And that even in the House of Representatives we have seen this process by blocking approval of the law after it is submitted to the government to return to parliament and re-submitted to the government again, which led to delay adoption of the laws up to two years.

He pointed out the errors in the application of laws and a state of commitment in some of the central policy-deposits from the former regime which generated a backlash, most notably in Basra because of monopoly power by comparing the people of the province between the reality of the energy sector between Basra and the Kurdistan region.

The official circles in Basra province, called for reviving the project of Basra to be separated from the central government due to poor allocation of resources necessary to maintain the oil-rich projects, which represent the economic capital of Iraq.

http://www.ipairaq.com/index.php?nam...onomy&id=27407

Iraq's security situation remains the major deterrent to business: Survey

Violence, corruption and the lack of infrastructure are seen top three risks to the businesses in Iraq, according to the findings of a survey made public on Sunday.

The Economist Intelligence Unit (EIU) in its survey revealed that the top three risks to business were judged to be violence 67 percent, corruption 44 percent and the lack of infrastructure 35 percent. The next three were bureaucracy, lack of contract protection and credit risk.

However, the survey finds that investor perceptions of Iraq are slowly improving, despite the country's many problems. Preliminary results from our survey of 300 executives -- all of whom have direct input into their company's decisions on doing business in the Middle East -- show that the security situation remains the major deterrent to business.

Almost two-third or 64 percent said it is still too dangerous to do business in Iraq at the present time. But more than half of those surveyed said their view of Iraq has become more positive over the past two years.

Moreover, most respondents expect the security situation for foreign executives and employees to improve over the next two years, with 46 percent saying it would improve somewhat and 9 percent saying it would improve significantly, despite the drawdown of Western troops. Just 10 percent expected it to worsen.

http://www.zawya.com/Story.cfm/sidZA...ss%3A%20Survey

Member Baerakip : Government has failed to develop the economy

A member of the Iraqi coalition, led by Iyad Allawi said on Sunday that the Iraqi government led by Nuri al- Maliki did not succeed in handling the issue of economic well over the past four years.

Qutaiba said Juburi told Kurdistan News (Akaniwz) "The Iraqi government has failed in the past four years in the development of the economic sector in the country because of complete dependence on oil exports."

"The main problem facing the Iraqi economy, the lack of economic institution to deal with the world on the basis of universal laws of economic development, "stressing" the necessity that the next government, inter vital economic reforms."

"It assumes that the future Iraqi government to, among other political reforms that would reinforce the position of Iraq economically in the region, especially with regard to the development of industry and agriculture," he said.

Jabouri said that "political problems cast a shadow over the economic system of Iraq," noting that "It is very dangerous because of the complexity of the Iraqi economy with the political system, and the absence of clear economic policy parameters that will raise the incomes of the Iraqis."

He said that "Iraq is the most important oil-exporting countries, but one of the most consuming countries of other industries because of total dependence on oil imports."

It is said that the Ministry of Planning and Development Cooperation of Iraq earlier said that Iraq is experiencing growth slightly due to improved security in the recent period.

Iraq relies on oil in the development of the domestic economy and already has oil reserves of at least 115 billion barrels of oil, making it the second or third largest globally after Saudi Arabia and Iran.

http://www.aknews.com/ar/aknews/2/161218/

Iraqi economic : the abolition of the investment will affect the work of the international companies in the country

The Iraqi economic Sunday, that the solution of investment bodies suddenly in the provinces would negatively affect the reality of investment in the provinces.

Ali Ke Ji told Kurdistan News (Akaniwz) announced today that "the solution to the bodies of investment by some provincial councils will negatively impact on the reality of investment in those provinces."

He added that "what we need today is already to have clear lines of work of investment in the provinces to attract more number of international companies to rebuild and to rebuild areas neglected by the previous regime and the previous governments, which administered Iraq after April 2003, despite the availability of security".

He Ke Ji said "The solution to the investment of Dhi Qar and Basra before the investment by local governments due to inappropriate Iqbal Alastmarip dozens of companies that might hesitate if there is any change in the investment bodies."

He pointed out that "one can make sweeping reforms of investment bodies in the Iraqi provinces, but systematically and deliberately, and not by way of a solution of collective stand to investment in the provinces."

The Council of the province of Dhi Qar has solved the recent investment of the Council after the discovery of corruption and manipulation of budgets allocated to investment projects in the province, before solving the Basra Governorate Council Investment Agency him for unspecified reasons.

http://www.aknews.com/ar/aknews/2/161158/

Economist calls for the use of Biden's visit to activate the economic agreements

Iraqi economic expert called for today, Monday, the Government of his country to take advantage of U.S. Vice President Joe Biden to Iraq economically through the activation of a number of important economic agreements.

A member of the Organization of Arab Economic Mohamed Saadawi told Kurdistan News (Akaniwz) "is supposed to exploit the Iraqi government ended their mandates visit by U.S. Vice President Joe Biden to Iraq in terms of promoting economic giant American investment firms to operate in Iraq."

"The economic profile of the Iraqi need for further efforts, especially as there are fears of a number of investment companies in the U.S. to implement projects service mission in Iraq because of blurred political scene."

"The Iraqi government should discuss the issue with Joe Biden make more economic agreements .. as well as for the translation of the framework agreement concluded by Iraq before the signing of the agreement in June 2009 on the ground .. He explained that "there are more than 12 economic agreement did not Done so far despite the passage of a long time to sign."

The U.S. Vice President Joe Biden arrived in Iraq yesterday, where he discussed the issue with Iraqi officials to speed up the formation of the Iraqi government and stressed that his country does not want to interfere in internal Iraqi affairs Ochkil the new government.

http://www.aknews.com/ar/aknews/2/161403/