Thread: Iraq/Dinar News Before Febuary 12th, 2006

Baghdad-Sessions

Voices of Iraq / Baghdad
Posted by nakr2004 on Feb 04, 2007 - 06:38 PM
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Baghdad-Sessions
Parliament to resume sessions on Monday
By Adel Fakher
Baghdad, Feb 4, (VOI) - The Iraqi Parliamentary speakership board decided to resume sessions on Monday after Sunday's session was delayed due to the withdrawal of Shiite Unified Iraqi Coalition (UIC) bloc members in protest of Speaker Mahmoud al-Mashhadani's statements, a media source in parliament said.

Baghdad-Sessions
Parliament to resume sessions on Monday
By Adel Fakher
Baghdad, Feb 4, (VOI) - The Iraqi Parliamentary speakership board decided to resume sessions on Monday after Sunday's session was delayed due to the withdrawal of Shiite Unified Iraqi Coalition (UIC) bloc members in protest of Speaker Mahmoud al-Mashhadani's statements, a media source in parliament said.
"The parliament will resume sessions tomorrow," the source told the independent news agency Voices of Iraq (VOI), giving no further details.
Iraqi Parliament Speaker Mashhadani delayed Sunday's session till further notice after members of parliament of the UIC, the largest bloc with 130 out of a total 275 seats, walked out in protest against his statements.
Mashhadani had said that Mishaan al-Juburi, the leader of the Sunni Reconciliation & Liberation bloc, which has only three seats in the Iraqi parliament, was part of the Iraqi people.
The UIC members also protested Mashhadani's reading of a statement by a number of tribal chiefs on the incidents of al-Zarga in Najaf as they deemed the statement as inciting against the Iraqi government led by Shiite Prime Minister Nouri al-Maliki.
Juburi, who was stripped of parliamentary immunity late last year over charges against him and his son Yazan of financial and administrative corruption, is the owner of al-Zawraa satellite channel, recently closed by the government for allegedly fomenting sectarian sedition.
UIC Member of Parliament Abdul-Kareem al-Aanzi said "It is not acceptable to read statements in parliament sent by anyone," requesting to have the names of "those who sent the statement, which is so clearly inciting against the government."
AE


Baghdad-Sessions :: Aswat al Iraq :: Aswat al Iraq

Baghdad-Legislator

Voices of Iraq / Baghdad
Posted by nakr2004 on Feb 04, 2007 - 04:26 PM
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Baghdad-Legislator
Attiya calls for speeding up security plan
By Santa Michael
Baghdad, Feb 4, (VOI) - The first deputy speaker of the Iraqi parliament on Sunday urged the Iraqi government to speed carrying out its security plan and tighten its grip on security affairs, calling meanwhile on the multi-national troops to fulfill its promises of backing Iraqi forces.

Baghdad-Legislator
Attiya calls for speeding up security plan
By Santa Michael
Baghdad, Feb 4, (VOI) - The first deputy speaker of the Iraqi parliament on Sunday urged the Iraqi government to speed carrying out its security plan and tighten its grip on security affairs, calling meanwhile on the multi-national troops to fulfill its promises of backing Iraqi forces.
"We demand the political powers to shoulder their responsibility towards the Iraqi people and to cooperate with the government in the efforts to uproot terrorism," Dr. Khaled al-Attiya said in a press conference he held on Sunday in Baghdad.
He also appealed to neighboring countries to "maintain good neighborliness and prevent infiltrations by terrorists and respect ethical and humanitarian covenants," noting "information available for the Iraqi government hold that a neighboring country is cooperating with terrorist groups, particularly those loyal to (former Iraqi President) Saddam Hussein."
Attiya held "takfirists and Saddamists" responsible for Saturday's bombing in al-Sadriya area, in which more than 428 people were killed or wounded.
AE


Baghdad-Legislator :: Aswat al Iraq :: Aswat al Iraq

Iraq-Currency

Voices of Iraq / Baghdad
Posted by saleem on Feb 04, 2007 - 03:45 PM
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Iraq-Currency
Baghdad blast affects dollar demand in Iraqi auction-trader
By Dergham Mohammed Ali
Baghdad, Feb 4, (VOI) – Dollar demand was slightly lower on Sunday in the Iraq's central bank daily auction leading traders to blame a Baghdad market blast on Saturday for that decline.


Iraq-Currency
Baghdad blast affects dollar demand in Iraqi auction-trader
By Dergham Mohammed Ali
Baghdad, Feb 4, (VOI) – Dollar demand was slightly lower on Sunday in the Iraq's central bank daily auction leading traders to blame a Baghdad market blast on Saturday for that decline.
In Sunday's session, the first trading session this week, dollar demand declined to $78.295 million compared to $86.490 million on Thursday.
In its daily statement on Sunday the bank said it covered all bids which were $18.595 million in cash and $59.700 million in foreign transfers at an exchange rate of 1,290 dinars per dollar, unchanged from Thursday.
Sixteen banks participated in Sunday’s auction and offered to sell five million dollars which the central bank bought all at 1,288 dinars per dollar rate.
Ali al-Yaseri, a trader at the auction, said "the Sadriyah blast that occurred Saturday afternoon in central Baghdad and claimed hundreds casualties has affected the demand for dollar in the auction."
On Saturday, a truck laden with a ton of explosives was detonated in a major Baghdad's market killing 108 people and wounding 320 others according to Iraqi interior ministry sources.



Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq

Mr. Fouad Massoum member of the House of Representatives, The Iraq budget for the current year, which delayed approval a, amounting to 42 billion dollars. He pointed out that the ratification would be after the allocations Guard Kurdistan. He said Massoum supposed to finish the ratification budgetary aspects e tomorrow after resolving differences over the issue of allocations Guard territory Kerr Destin (the constitutional name of the s)

Pointing out that the guards assigned missions Territory border protection pw sublime and the establishment of checkpoints and observation, This is one of the tasks of the Ministry of Defense and must bear the Almkhs Sat Finance for such responsibilities. He explained that the budget for Iraq in 2007 will be pumping and away the very amounting to 42 billion dollars; 17% of them dedicated to the Kurdistan region, that is deducted from allocations sovereign institutions; the Presidency of the Territory and the head of government and the presidency Alberlm that, as some of them and international compensation, This means that the government of Iraqi Kurdistan would not receive the 17 % full. He added that <majority of the ministries did not spend their budgets told for the last year, or before the full, due to the non-implementation of projects for the poor security situation, although these ministries did not spend less than 30% of Mizania elsewhere, and that these budgets are not, any not added to the Ministry's budget for the following year, but returning to the state treasury. The government official had revealed earlier that there is a surplus in the budgets of previous years is estimated at 30 billion States TR. The official added that the government refused to be identified, saying <k it is possible to implement large-scale projects in safe areas Iraq and the operation of idle hands and the lives of Cree - à-vis them, instead of re-payments to the Treasury>. The whole MPs in a press statement in which they said <delay in approving the budget that would delay the work of the government and the Elbe Rlman> and demanded the House of Representatives to speed up the resolution of humored pertaining controversial
All Iraq - Karim Buthaina

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The Directorate of the distribution of petroleum products in Najaf Gul elsewhere two of the distribution of kerosene to Almoat Nene by the ration card. A source at the Directorate is authorized to our correspondent after Alantha automatic distribution of the first phase of a kerosene surface bored (20830) family in the general maintenance

According to the ration card and through Mokhtari areas Madiritna began processing feed for the distribution of the two paraffins and in the same manner and method of the first phase. As processing furnaces and bakeries, Makawi, pigeons People come quantity (133000) liters of kerosene Witt Ghiz civil quantity generators (273500) per liter and Tjhi g mills quantity (30000) l of gas oil. He added : also Madiritna increasing the share of government stations, civil and squares of oil and gas from a gas oil Wa for paraffins. On the other hand, the Directorate has fined mobile agents Yen for the sale of oil and gas for violating regulations and Educate died

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The Governor of Karbala meeting with a number of male and female god Ndseh in the province has been allocated to discuss ways efficient in order to speed up the ongoing reconstruction and remove a the one face, On the other hand Almahafeda received by the Minister for Immigration and Amohajri n and discussed with him ways and means of raising at the ministry in the governor e, Mr. Minister on the need to maintain Alence c-General of the Iraqi society one

And added that there are impediments to the work of the ministry in the regions a the hot and that Dhaherh sacrifice not only because of terrorism but here k other factors, adding that there is a plan to distribute aid the immigrants at the beginning of next week and that Plasi Sat private financial ministry did not meet the aspirations and G Tatha, even though there is work and the follow-up problems Almaj Rain and there is coordination with the Ministry of Municipalities and Public Works% pw - à-vis access to the spare housing to those displaced. For his part, and the governor of Karbala that received so far more than eight thousand family and will stop receiving Alenazah Yen from the other provinces at the present time calling Loza danger of immigration and immigrants to build premises in the province to accommodate the displaced audits and follow-up conditions and drag d up their families and for the organization of practical AT distribute aid their own. On the other hand, a conservative cornerstone of one orbit o-deck in the neighborhood and includes military school it is hoped completed in ten months, twelve description with a misdemeanor administrative and technical supervisors and the one and the one pain Serven the establishment of this school full explanation and expressed pain Hafiz directives on the Engineering Design, which was the consultation. It is noteworthy that this school will be carried out through a grant of coffee k Bank for Reconstruction and the Directorate of Education supervises and the follow-up stages of completion

All Iraq - Azza Mahmoud

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Economic: incompatibility between the Investment Law and the Banking Act to self n foreign investment
05.02.07
In the banking sector
Hilal war

After waiting QUSAIR not issued Investment Law No. 1 3 of 2006 which it is hoped to play an important role in attracting foreign capital into the country and stimulate the Rev. w national funds to contribute to the development process, Qatsadeh and reconstruction

The country in order to achieve economic prosperity and Alajtma to watch for the Iraqi people, who have suffered so much hardship and the life and marginalization for many years by politicians AT improvisation of the former regime, despite the enormous wealth. e owned by the country.

It is known that preceded the issuance of the said Act lot of seminars and conferences held by stakeholders to reach a formula acceptable to the advanced and the law Manna Sood in the light of new directions for the State, which seeks to liberalization of economic activity and the introduction of the principle of privatization in Special management activity and to avoid obstacles and reasons Alvch l suffered by various institutions and enterprises Altab Eh public or mixed. The national press also addressed this issue in all atmosphere Excerpts in order to reach integrated version of the law App Tarah especially Law No. (39) private investment foreign elaborated by the civil administration in a time of (Prem t) has met with opposition from various economists, and the official Yen of the Department of State because it involves a lot of Alt Grat and limitations to accomplish the objectives for which it required Astekd Or foreign capital which looks to grant privilege T. rewarding and work in a favorable investment climate, as well as ensuring a number of national goals, especially sucking labor and reduce the level of unemployment different kinds.

It is perhaps natural that the committee preparing the project had pertaining Lag on a lot of studies and reports published p n the proposed law, , as well as laws related to investment activity , which aims to attract foreign capital to invest Dah told the country, especially the Banking Act No. (94) of 2004 for annexation n no conflict between the provisions of these Acts, or any Kwan Yen again in this vital field of economy activity j. Personally has contributed to this effort through a study Mutawa to set the bill sent in a timely manner to the Office of Elsie d Deputy Speaker of Parliament directly, in addition to an article I published in the newspaper Sabah on 3 T. Shereen first in 2006.

The objective of avoiding the many shortcomings T. in the previous draft of this law and what might see Note d conflicts with some special laws to regulate only Stthmar especially the Banking Act No. 94 of 2004.
However, when access to the Investment Law No. 13 Les costing 2006 published in the newspaper on the morning of 2006 / March 12, we find that it was contrary to the Banking Act in At the time mentioned that allowed this law for the capital foreign capital investment in the field of private activity b the banking sector in general as well as it came to absolute AIPAC m specify any certain percentage of foreign capital Almstthm t in this sector. We find that the investment law mentioned prevent the participation of the foreign capital in the banking sector are explicit.

Article (29) which reads as follows :
All areas of investment to the provisions of this law exception :
First-investment in the fields of extraction and production of oil and gas.
Second-investment in the banks and companies complete Yen.
, It is clear that excluded investment in the banking sector the provisions contained therein, This is clearly contrary to the Banking Act 976977 TR above that allowed the entry of foreign capital e to work in the banking sector in general, both felt lack of or in conjunction with the national capital, a full chapter devoted to regulate this aspect of the investment, and is (Part II) provides paragraphs eight and in the (Article IV) of this section on a number of the provisions Just investment of foreign capital in the slightest p banks after obtaining legal authorization from the Elbe Nick Central, whether foreign banks or branches exclusively for banks Age Nabih, and treated in accordance with Iraqi laws like Balmassar local P.

It is known that after the issuance of the Banking Act No. 94 of 200 four made many of the Arab and foreign banks Account access licenses for the establishment of private banks in Iraq, whether b 100% or partnership with local Iraqi banks, or opening branches to work in Iraq but the circumstances mother faith prevented, some of the participants except the few that have been made with a number of the national banks.

It is clear from the foregoing that the Banking Act authorizes the establishment of a banks sidearms or branches and offices of these banks. no mention of any restriction on the establishment in Iraq of a point the initial legal and treated like Almassar local P, as is the case for example in determining the capital required to ideologies told. It provided paragraph (1) of Article IV of Part Althea Nee of the law that requires establishing a bank in Iraq, b what the secondary sections that are often full or M. Kitha of the foreign bank or bank holding company to issue seen Jes banking advance from the Central Bank of Iraq, , as well as for the establishment of a branch or representative office of the Bank envisage Bi in Iraq. It also requires that the secondary section reserved for a foreign bank at the 50th (50) billion dinars of capital. No restrictions are imposed on the area in which it will invest OL S. capital.

Therefore, we can say that what is stated in Article (29) of the Act a to invest on the exception investment in the sector Almassar P intersects with as defined in Article (4) of Part II of Banks Act No. 94 of 2004 published in a newspaper revelations of the Iraqi issue (3986) of September in 2004, the coconuts foreign investment in the banking sector.

As foreign investment has been taken way to Astthma t in the Iraqi banking sector through the establishment of some pain Sarv trade with foreign funds, such as pure (Egypt Iraq's trade P) or the involvement of foreign capital in the cast w funds some Iraqi banks operating in the country b large proportions of 80% in each such as (Bank of Credit Iraqi), and with varying degrees of Iraqi banks, such as sucking a shelf in Dar es Salaam and Commercial Bank of Iraq and others. the topic required to amend the second paragraph of the article e (29) of the Investment Act in order to eliminate conflict with as stated in the Banking Act as long as the trend in our country is allowing foreign capital to invest in this sector and other economic sectors other. Unless the intention is to regulate only foreign Stthmar in the banking sector under the stadium Al, as in the oil and gas sector, This requires clarification from the competent authorities.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&page=37

Economic:: Minister of Planning and Development Cooperation : optimistic about the granting of the investment
05.02.07
Baghdad-Imad Principality

Through the Minister of Planning and Development Cooperation, Dr. Ali Papan expressed optimism the granting of the investment within the budget 2007 pointing out that the rates of completion of the budget for the past year was modest.

He said in press statements that the 2007 budget has been adopted T. resources in the mainly on the resources of Iraq oil Yeh with a small percentage of the contributions of donor countries.

Papan also emphasized that there are many projects Alastth Marais hopes accomplished and allocations side Alastthma Ri in the 2007 budget increased to $ 10 billion, which will be spent on various projects, from the sector oil and electricity, and then the rest of the productive sectors, We hope that the returns on these projects Alaghtassa d Iraqi so as to achieve an improvement in the standard of living of a citizen the Iraqis achieve a reduction in unemployment rates, He added that there are a lot of promises, including a draft era for Iraq, which Tdarsenah and pulled basic axioms m p our partners and friends in the world in general. at the present time there are no specific commitments so far s Ath We hope that the promises by some States Germans Hah, The President focused on the provision of State revenues pw sublime, The achievement percentages of the budget last year, it was modest in general, to the extent that it sometimes amounted to 10 ministries % There are ministries and completion rates have reached 60% and the other achieved 70% and there are circumstances leading to this modest results e, the ministry delayed the formation of the Iraqi General Almad j to the middle of the year.

D. The Papan reiterated that the funds appropriated by those projects came in the President of the Iraqi budget Yen donors provided negligible amounts, including impairment Gh provided by the World Bank and the international institutions again, note that Iraq relied on known mechanisms and in a minute for financial dealings with donors and through the work contexts pw Trmh tracking accuracy. But the existence of the phenomenon of corruption emerged in many cases, the hill Ke, On the other hand, there is a real move in the Alagh Tsadi and most of the countries that experienced in transition Xue EX similar corruption cases, the minister added that the only known Bolivia Iraqi moved from the planning stage of totalitarianism j open market and perhaps the transitional stage experienced Iraq from a totalitarian regime to the economy forth M. on the free market and open market under a exclude those who have from the security, political and economic.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&page=37

Announcement No.(856)

D.G. of Foreign Exchange Control

The 856 daily currency auction was held in the Central Bank of Iraq day Monday 2007/ 2/5 so the results were as follows :

Details Notes
Number of banks 15 -----
Auction price selling dinar / US $ 1289 -----
Auction price buying dinar / US $ 1287 -----
Amount sold at auction price (US $) 52.275.000 -----
Amount purchased at Auction price (US $) 250.000
Total offers for buying (US $) 52.275.000 -----
Total offers for selling (US $) 250.000 -----

Hello folks,

The rate for today, no RV yet.
Hope something happens this week.

Dave

Announcement No.(856)

D.G. of Foreign Exchange Control

The 856 daily currency auction was held in the Central Bank of Iraq day Monday 2007/ 2/5 so the results were as follows :

Details Notes
Number of banks 15 -----
Auction price selling dinar / US $ 1289 -----
Auction price buying dinar / US $ 1287 -----
Amount sold at auction price (US $) 52.275.000 -----
Amount purchased at Auction price (US $) 250.000
Total offers for buying (US $) 52.275.000 -----
Total offers for selling (US $) 250.000 -----