Thread: Iraq/Dinar News until 5/23/07 Midnight CST

Iraq invites Iranian companies to submit bids to build oil refineries
16 / 05 / 2007
BAGHDAD (Reuters) - A spokesman for the Iraqi Oil Ministry on Wednesday that Iraq invited Iranian companies to make offers to participate in the construction of four oil refineries at least in the different areas of Iraq.

Assem Jihad told Reuters "today invited Iranian companies to come forward with offers to build oil refinery, the ministry has already announced said that it intends to establish."

Washington-file Press

يرى (هذا الشهر.Finds (Barham Saleh) Iraqi Deputy Prime Minister said that the parliament must issue a petroleum law and the constitutional reforms completed by the end of this month. وعدَّ للعراق.These issues promise a significant part of the signs of progress claimed by the officials in the United States, a condition for the continued support of their military and financial support for Iraq.

.The newspaper quoted the Washington Times reported (Barham Salih), which it described as one of the largest Kurdish officials in the government of (Nuri al-Maliki) saying : Despite the growing and pessimistic discussions in Washington on the results of the war in Iraq, the Iraqi decision-makers will work in two directions Alassabin (oil law and the constitutional reforms) in the coming days.
.He (Saleh) to the newspaper that the Iraqis observing the ongoing discussions in Washington and growing concern of the members of Congress from the war. .Pointing out that the failures and progress in the Iraqi situation, carefully monitored among interlocutors of the Republican and Democratic parties in Congress.

تحليلاته.The Iraqi official to say : "I know that many of my colleagues are also monitored minute of the ongoing discussions here" and explained that the signs of progress in the political process is also monitored by the "Institute of the Woodrow Wilson World Scholars in Washington, which analyzes any position or nuance in attitudes. And sometimes intensifies in the analysis analysis.

.Visiting Iraqi Deputy Prime Minister and Washington since the days in an attempt to present the views of the Iraqi government in connection with the threats which can have on the political situation in Iraq if American forces withdrew before the Iraqi security forces in all its different forms capable of handling the security situation and stability in the country.

.In the meantime, President George W. Bush rejected the efforts of Democrats in Congress to grant funding for the American troops in the war against terrorism, conditional indicators difficult and rapid progress in the political process and security.

.The Foreign Minister (Kundaliz Rice) and Vice President (Dick Cheney) had been confirmed in the past few days that the Iraqi government should complete the oil and completion of other procedures Chairperson stressed that the American administration to accomplish, except that is essential for the continuation of American troops in Iraq and continue economic support.

.The signs of progress that Washington is intensifying its efforts to put pressure on the Iraqi government to implement them, the holding of regional elections, and amending the Law on uprooting the Baath to allow the return of some former officials (who worked with the regime of former President Saddam Hussein) to participate in the performance of the Iraqi government.



.And make Iraqi Deputy Prime Minister his efforts in Washington to offer favorable this subject in Baghdad and -160, compared to the ongoing discussions in Washington. ا.The newspaper said Washington Times : Both officials (Saleh) and National Security Advisor (Mowafaq Al-Rubaie) said in Washington that parliament would limit the summer break and re-scheduling of its work to begin in July, or possibly cancel the entire vacation.

.The legislators denounced the Americans had enjoyed parliamentarians Batalthem Iraqis at a time when terrorist attacks against exacerbated government security forces and American forces suffered heavy losses in its conflict with the totals for terrorists and insurgents and militias. noting that a lack of any signs of progress in the political process is worrisome and can not be silent about it.

.The newspaper said that a way to share the proceeds of Iraqi oil between Iraq's entire population is of vital issues to reach political reconciliation satisfy Iraqi Shiites, Kurds and Sunnis. .The Washington Times that one of the points of disagreement between the three parties is the mechanism for financial payments to ensure that each region of fair shares of oil revenues.

.The newspaper said that Kurds strongly oppose the draft bill Oil issued in February and audited last month. .The Kurdish sources say that the new law puts 90% of the oil fields in Iraq under the control of national oil company central government, and this is concerned foreign companies that contracted with the regional government in Kurdistan to develop oil fields in the northern region enjoyed relative stability for the rest of Iraq. .With many politicians insist Sunnis and Shiites that Iraq's wealth must be under the control of the government and the brand. .At the same time expresses the oil workers union (which is also a source of strength) on the deep suspicion and mistrust for the lack of focus on investment Iraqi oil.


برهم صالØ* يعد أعضاء الكونغرس بإنهاء مناقشات قانون النÙ�Ø· والدستور هذا الشهر

Dana Gas achieves first operating profits
16 May 2007 (AME Info FZ LLC)


Dana Gas, the Middle East's first private sector regional natural gas company, has achieved its first quarter of operating profits, with total revenues for the quarter ended 31st March 2007 rising to AED 202 million from 80 days of gas production operations, resulting in Gross Operating Profit of AED 105 million and Cash flow from Operations of AED 68 million.

The First Quarter of 2007 saw Dana Gas complete the US$1.1 billion acquisition of Centurion Energy International in early January, establishing Dana Gas as the 6th largest gas producer in Egypt and launching the company into the exploration and production sector of the Middle East's natural gas industry. Dana Gas also built upon this position in April last month by signing important gas agreements with the Kurdistan Regional Government of Iraq.

The Long-term Assets of the Company grew by nearly 100% from AED 4.0 billion to AED 7.8 billion during the first quarter of 2007, with Total Assets increasing 28% to AED 8.8 billion and Shareholders Equity rising to AED 6.84 billion. Net profit for the quarter stood at AED 21 million, after one-time transaction fees of approximately AED 20 million and non-cash depreciation charges, including those related to the Centurion acquisition.

'We are pleased with the first operating results of the Company - in just over a year since its formation, Dana Gas has already established itself as an important regional player in the Middle East's rapidly growing natural gas industry,' said Mr. Hamid Dhiya Jafar, Executive Chairman of Dana Gas. 'Last year was the foundation year for the Company in which Dana Gas grew its organization, its international office network, and its business development activities in all areas of the gas sector across the Region. This year, 2007, is a year of major investments and expansion of our operations in Egypt, Northern Iraq, the UAE, and elsewhere, in the exploration and production of gas, through its processing and transportation, to its marketing and utilization as a feedstock of value-adding industry. We look forward to continued future growth and expansion in the years ahead.'
Dana Gas recently held its first Annual General Meeting (AGM) and Extraordinary General Meeting (EGM), where all the resolutions and recommendations were approved unanimously by the Company's shareholders. The shareholders were presented with the Director's Report, which outlined the major milestones achieved by the company in its first year of establishment, and its growth into an international energy company with the services of over 300 professional staff, offices in Canada, the UK, Egypt, Saudi Arabia, and soon Iraq, and with business activities across the wider Middle East region, including North Africa and South Asia.

Dana Gas achieves first operating profits | Iraq Updates

Iraq receives imports of wheat and rice and expects soon
16 May 2007 (Iraq Directory)


A high ranking source at the Iraqi Trade Ministry said on Thursday that Iraq has received 50 thousand tons of American wheat and 29 thousand tons out of 150 thousand tons of Thai rice contracted on before.
The source said that Iraq is also expecting to obtain another 150 thousand tons of American and Canadian wheat later in May and that 32 thousand tons of Thai rice on its way to Iraq and will arrive soon.
The source declined to reveal price details.
He said: "The ships are on their way and we bought larger quantities, but we can not reveal them till the ships transporting them move; however, everyone knows that we need about 340 thousand tons of wheat per month".
The source mentioned that Iraq had bought 1 million tons of American wheat and 400 thousand tons of Canadian wheat between January and March. He added, "We always say in our presentations that we will deal with all companies, but so far the best offers we have received were from the Americans and Canadians".
He added that Iraq is still hoping to buy Australian wheat.

Iraq receives imports of wheat and rice and expects soon | Iraq Updates

Originally Posted by fredgwest1999

SEE HIGHLIGHTED....ELECTRONIC TRANSFERS????


Posted by: nakr2004 on Wednesday, May 16, 2007 - 02:18 PM

Iraq-Currency
Higher Demand for dollar in daily auction
By Dergham Mohamed Ali
Abdul-Razzaq al-Abaiji, an economist, told VOI "the lower demand for cash was accompanied with an increase in transfers due to facilities provided by banks and exchange offices to increase foreign transfers."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday

Nice post, because this is really important for a reval to take place. The ability of the banks to increase foreign transfer of money is paramount for a reval. Its seems they are getting better at this.

Iraq Withdrawal Move Thwarted in Senate
By ANNE FLAHERTY, Associated Press Writer
36 minutes ago

WASHINGTON - The Senate on Wednesday rejected legislation that would cut off money for combat operations in Iraq after March 31, 2008.

The vote was a loss for Sen. Russell Feingold, D-Wis., and other Democrats who want to end the war. But the effort picked up support from members, including presidential hopefuls previously reluctant to limit war funding _ an indication of the conflict's unpopularity among voters.

The proposal lost 29-67 on a procedural vote, falling 31 votes short of the necessary votes to advance. Of the 67 senators who opposed Feingold's proposal, there were 19 Democrats, 47 Republicans and Connecticut Independent Joseph Lieberman. Of the 29 supporting, 28 were Democrats and Vermont Independent Bernard Sanders.

The Senate also narrowly rejected a proposal by Republican moderates intended to challenge President Bush's war policy, after Democratic lashed out against the proposal as too weak. The 52-44 vote fell eight votes shy of the required 60.

Sen. Hillary Rodham Clinton, a Democratic presidential front-runner, previously opposed setting a deadline on the war. But she said she agreed to back the measure "because we, as a united party, must work together with clarity of purpose and mission to begin bringing our troops home and end this war."

Sen. Barack Obama, another leading 2008 prospect, said he would prefer a plan that offers more flexibility but wanted "to send a strong statement to the Iraqi government, the president and my Republican colleagues that it's long past time to change course."

The proposal had been expected to fall short of the 60 votes needed to advance under Senate rules, but was intended to gauge the tolerance of members on anti-war legislation. Senate Majority Leader Harry Reid staged a series of war votes Wednesday to inform negotiations with the House on a war spending bill.

"We stand united.... in our belief that troops are enmeshed in an intractable civil war," said Reid, D-Nev.

Feingold's measure, co-sponsored by Reid and Sen. Christopher Dodd, D-Conn., proved divisive for Democrats.

Sen. Carl Levin, chairman of the Armed Services Committee, said he opposes any measure that cuts off money for the war.

"We don't want to send the message to the troops" that Congress does not support them, said Levin, D-Mich. "We're going to support those troops."

But other Democrats said the move was necessary.

"I'm not crazy about the language in the Feingold amendment, but I am crazy about the idea that we have to keep the pressure on," said Sen. Joseph Biden, D-Del., who also wants the Democratic presidential nomination.

The second measure, drafted by Sen. John Warner, would have threatened billions of dollars in U.S. aid to Iraq if Baghdad failed to implement certain political and security reforms. But in a last-minute change to the proposal to gain White House acceptance, Warner added a provision allowing the president to waive the restriction.

It "is really very tepid, very weak," said Reid, who supports cutting off funding for combat next year. "A cup of tea that's been sitting on the counter for a few weeks. ... You wouldn't want to drink that tea. You wouldn't want to vote for this amendment."

Warner, R-Va., defended the measure as carefully negotiated and "a good-faith effort to do my very best."

The Senate must take the next step by passing its own measure. Given the political forces at work, that legislation will be a placeholder, its only purpose to trigger three-way negotiations involving the House, Senate and Bush administration on a final compromise.

As a result, officials said Tuesday that Reid and Senate Republican leader Mitch McConnell had discussed jointly advancing a bill so barebones that it would contain no funds and do little more than express congressional support for the troops.

Negotiations on the final compromise are expected to take days.

Wednesday's votes on Feingold and other proposals "will provide strong guidance to our conferees and help shape the conference negotiations we have ahead of us," said Reid.

Levin pulled from the floor his proposal to set an Oct. 1 date to begin troop withdrawals, but allow the president to waive that requirement. He had pitched the idea with the expectation that the president would accept it because of the waiver; but, Levin said Wednesday he had been advised by the White House that the president would veto the measure regardless.

Leaders of the Gulf Cooperation Council called the Iraqi government to accelerate the achievement of national reconciliation

Wednesday, 16.05.2007, 6:17 am (GMT)

The GCC leaders of the Arab Gulf states yesterday, Tuesday, the Iraqi government to accelerate the achievement of national reconciliation and to amend the constitution, and work on equitable distribution of wealth and to disarm the militias.


The Council's Secretary General Abdel Rahman al-Attiya during a press conference held at the end of the consultative meeting of the leaders of the Congress, which was held in the Saudi capital Riyadh confirmed that the Council called upon the government of Nuri al-Maliki to conduct political and economic reforms in Iraq, including possible to achieve national reconciliation. He added that leaders Hadhirouamn interference in the internal affairs Iraq

Translated version of http://www.iraqimedianet.net/

A Political Light At The End Of The Iraqi Tunnel?
16.05.07

Portions of an opinion piece with informative quotes...

<Cut>
Consider the White House's track record for predicting the Iraq parliament's performance on just one single issue in Iraq: the passage of an oil revenue-sharing law, or (as Tony Snow likes to call it) a "hydrocarbon law." President Bush himself was the first to bring the subject up, last June:


"I've directed the Secretary of Energy to travel to Iraq to meet with his counterpart and identify ways we can provide additional support. It's up to the Iraqis to pass a hydrocarbon law, which they're now debating. It's up -- for the Iraqi government to decide what to do with the people's asset. Our advice is to be careful, and to develop it with the people's interest in mind."

Ignoring the fact that Bush seems to be advocating so******m (gasp!) in Iraq; when you follow the actual progress of the Iraq oil law, you can clearly see why Bush is not eager to talk about any other "benchmarks" for the Iraqi government. They really pushed this one as a "benchmark" of political progress in Iraq, but it didn't exactly work out the way they planned. Here is an abbreviated record of the unfounded optimism on the subject (which started as a full-court press administration talking-point last October) emanating from Press Secretary Tony Snow's podium (all bold emphasis in the below quotes has been gratuitously added by me):


10/23/06
"For instance, by the end of the year, there will be a hydrocarbon law. As you know, the share of petroleum receipts is an enormously important issue, not only economically, but politically within Iraq."

12/5/06
"...we've [the White House has] talked a lot about the hydrocarbon legislation. That's going to be voted on, we understand, this month."

1/16/07
"It appears, for instance, that there is going to be a cabinet vote quite soon, maybe this week, on hydrocarbon law. They're working pretty aggressively and assertively also on other reconciliation efforts, including revisions to the de-Baathification law and the election law."


At this point, an unidentified member of the White House Press Corps (it could possibly have been Mr. Dormouse, but eyewitness accounts vary) awoke from a deep slumber, and actually asked Tony a pertinent and relevant question:


Q: "Tony, on the same subject, can you just give a better sense of what you're watching for? There are no specific dates, they don't have a vote on this hydrocarbon law at a specific date. So is it just a sense that the Iraqis are doing their part, that you're watching?"

MR. SNOW: "No, I think -- what we take a look -- for instance, I've mentioned maybe the most important part right now is the hydrocarbon law, because that's one that takes the considerable revenues from oil and natural gas and distributes them equitably across the country. They're moving pretty rapidly toward passage of that, and that is enormously significant because it says to everybody, you've got a financial stake in the success of this country."


The entire assemblage of the White House press at this point immediately went back to sleep, and not even a dramatic announcement the next day could awaken them from their somnolence.


1/17/07
"Within the last 24 hours, there has been progress on the hydrocarbon law."

1/25/07
"...[Prime Minister Maliki] has told the Council of Representatives that he wants the Council, during its current legislative session, which just has a couple more weeks to run, to pass a hydrocarbon law and also de-Baathification reform."


Finally, almost two months after his initial deadline for passage (not merely getting out of committee, mind you, but actual enactment) of the Iraq oil law... Mr. Snow proudly announced, on 2/26/07:


"Good afternoon. We open with a bit of good news: The Iraqi Council of Ministers had passed -- or has approved the hydrocarbon law, which will be passed on to the Council of Representatives at sometime in the near future."

"Near future." Hoo boy. Maybe Tony was trying out his comedy routine?

Now for some reality from Iraq. Their legislative process is even more confusing than our own congressional law-making contortions, apparently. Dana Perino (filling in for Tony Snow) gave a press briefing with Dr. Ali Al-Dabbagh, billed as "Spokesman for the Government of Iraq." Here's what he had to say about the oil law on 4/13/07:

Q: "Doctor, the administration here often cites progress on the national oil law and de-Baathification. Yet, those benchmarks have not been met yet. What is the progress report on those?"

DR. AL-DABBAGH: "The hydrocarbon law is already approved by the cabinet, and we are waiting on the revenue sharing law to be also submitted to the cabinet to be approved, and then simultaneously they will go to the council of representatives, in order to be approved."

Q: "But it's been in that spot for a while. It's been approved from the cabinet. What's the time line for getting approved by the parliament?"

DR. AL-DABBAGH: "It has been submitted to the -- it's got a priority. The priority is in the house of representatives. They've got their priority. But we feel that this is very urgent, and the government do urge the council to approve it, along with the revenue sharing, which is very, very important. The de-Baathification, as you said, there are a draft -- four draft being submitted. One of them is the by -- presidency council and the cabinet council, and it is now in the council of representatives, along with the other three drafts, which they are going to get one draft in order to get it approved."

Q: "So if you were to predict when those things would pass, what's the time line? A couple months, end of the summer, this year?"

DR. AL-DABBAGH: "We thought that 2007 is the year where all this important laws will be decided, also the election, government election as well."


As I said, it's no wonder the White House isn't thrilled about imposing benchmarks on the Iraqi government, who seem to define "moving pretty rapidly toward passage" as: "we think we may get around to it sometime this calendar year, if we find the time, that is." Tina Susman of the Los Angeles Times recently reported the current reality of the situation:


It has not even reached parliament, but the oil law that U.S. officials call vital to ending Iraq's civil war is in serious trouble among Iraqi lawmakers, many of whom see it as a sloppy document rushed forward to satisfy Washington's clock.

Opposition ranges from vehement to measured, but two things are clear: The May deadline that the White House had been banking on is in doubt. And even if the law is passed, it fails to resolve key issues, including how to divide Iraq's oil revenue among its Shiite, Kurdish and Sunni regions, and how much foreign investment to allow. Those questions would be put off for future debates.
<Cut>

The Blog | Chris Weigant: A Political Light At The End Of The Iraqi Tunnel? | The Huffington Post

وكالاتBeacon-Agencies
.The Ministry of Planning and Development Cooperation recently published which indicated that the rates of inflation exceeded 70%, which continues to climb .. Drawing on the prices of goods and foodstuffs in local markets in Baghdad and other governorates.

Against this rise in prices and inflation, may diminish purchasing power of the employee and retiree? Salaries considered a lot of spe******ts is not ripe and the continuing rises in prices, especially fuel prices, which have doubled since repeatedly about two years.
Economists pointed out that a new salary of perception and the size of the price hike occurred. ..As a staff member or retiree to buy basic materials daily Maikadhah much higher than the monthly salary ..
He says economic researcher Nouri Sobeih : There is a great disparity between the monthly salary of employees in government departments and retirees, between the prices of commodities and consumer goods as well as food, clothing and fuel. This disparity latest fracture level of real income General of the Iraqi family ..As evident suffering through Croatian Serbs minuscule amounts of materials are necessary in the durability of their daily life ..
Nouri stressed the importance of the State (if it insisted on not raising the salaries of employees and retirees) policy to reduce inflation, which burden the labor tranche significantly .. ..That is to continue including the oldest in the Central Bank of procedures necessary for lifting the value of the Iraqi dinar against the dollar .. This makes fixed prices to some extent ..
For his part, warned economic researcher Faisal Ani of the risks of continued high inflation, which said : "It will affect much reality life for staff and retirees .. What threatens the migration of this segment of the work in the government and the search for new opportunities in the private sector .. Or jobs abroad meant the loss of competencies needed in the country Ani added : How officer handed him languishing career late in the degree and earns a monthly maximum of 160 thousand dinars, to continue life on this amount, which it can from which to fill 30% of the needs of the family needed .. Especially since the rises in the prices of oil derivatives have been burdened suffering workers in the State, in addition to other amounts and prices forced many of us (as) a month to pay such prices for generators and other .. Or rent houses and apartments and others.
The Ministry of Finance has recently prepared a law to increase the salaries of employees and retirees at rates ranging between 40 60% .. However, a large number of workers in the public sector indicated that the increase of Atelpe all necessary requirements, Falartefaat great price, and salary rates despite the increase did not match the requirements necessary for the family ..
..According to the Ministry of Planning : that the rise in inflation was rising toll index for food products, textiles and clothing, footwear, furniture, transport, communications and medical services, medicines and rents, which account for the spending by 4, 94% of the total domestic consumer spending ..
The number of staff with the grades late salary rates they receive in return illogical services and work carried out, especially in light of deteriorating security conditions. The obscenely expensive as saying ..
The student workers in the private sector the government to move towards reducing prices or increasing their salaries commensurate with the prices (firearms) in the market, particularly fuel prices and transportation .. He says a number of them : What we can provide all the necessary requirements of the house, Valeratb divided on the special needs and what remains of it is very little, to be spent on the purchase of goods and materials necessary.

http://www.al-mannarah.com/paper.php...=akbar&page=50
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Director of the Central Bank in Basra
Safety is the bank alarm bell early on the subject and the sensitivity of the financial and banking sector crises through elements of performance indicators related to banking depository institutions such as capital adequacy, asset quality, management, profitability and liquidity.
Economic scene witnessed many changes in the world that led to the strengthening of the trend towards the adoption of economic liberalization policies and the elimination of restrictions on the financial markets and the introduction of market mechanisms especially in developing countries affected by the economics and its banking Simply including in the developed world of banking and financial innovations in the last quarter of the twentieth century.

The orientation of these countries towards the globalization of financial markets and banking to the emergence of a kind of fears about the potential for imbalances negatively affect "on the performance of the local economies in particular and the global economy in general.
.The period saw Altessobeinat of the 20th century, many of the imbalances in the economies of most developing countries by banking crises unexpected result of the deterioration of the position of local currencies and the low quality of bank assets and increased bad loans and government loans and other bad avoid "the effects of the banking crisis easily move between different countries because of the linkage The overlapping financial and in-kind.
The importance of safety is the identification of banking crises financial, banking and the most important causes, and the possibility identified and their relationship to other crises and the most important manifestations.
We must know the mechanisms and formulas to address the emerging international financial crises, banking and highlighting the impact of financial crises and bank on fiscal and monetary policy and foreign trade policy, as well as the importance of having valid indicators to reveal the extent of the integrity and stability of financial systems sinks methodology to meet the increasing possibilities of the banking sector crises before they occur, essentially the objective evaluation of the safety of banking, which must revolve around monitoring indicators banking negotiable for analysis and interpretation at the global level and the search for financial indicators for the early warning of future banking crises and promote the concepts of disclosure, transparency and accountability of bank information to the financial markets local and global.
Banking is accepting deposits and extending credit, of this definition to have parties in the equation are the first party deposits and the second party credit and thus we must ensure the safety of deposits when used in the credit any sense we must provide safety for the credit as well. "
The banking system proved Iraqi territorial terms on deposits after April 9, 2003, all buildings banks operating in Iraq has been exposed to burning and looting. But all cash deposits were handed over to their owners and the anecdotal evidence on the safety of the banking system as well as the case of credit despite the files banking facilities to burn, but managed to bankers through the experience of the bank guaranteeing the rights of their banks.
Safety bank based on several factors linked to three aspects of the President : -
- .- The first aspect : method and the degree of economic freedom (government intervention).
Side-II : Banks on the same at the micro-level system and associated banks assess the quality of assets or capital adequacy and liquidity, profitability and management.
The third aspect : for the prevention and treatment and concentrated from the supervisory authority and control, whether banks, "central" and represents a safety valve to protect banks.
Now explain in some detail each of the above three aspects : -
The first aspect : method and the degree of economic freedom (government intervention).
After April 9, 2003 Order No. (18) of the coalition provisional authority under the rubric of measures to ensure the independence of the Iraqi Central Bank, where the text should not endanger the policy of the Iraqi Central Bank and monetary credit to any political interference government of any kind attaches this matter under the provisions of articles (21 and 22) of the World the Iraqi Central (No. 64) in 1976 amended to the extent authorized by the Central Bank of Iraq to provide loans to the Iraqi government ministries.
And authorized it to the Central Bank of Iraq authority to determine and implement monetary policy and credit policy without the approval of the Ministry of Finance and comment provisions of Article (14) of the Iraqi Central Bank (No. 64) of 1976 as amended to the extent required to obtain the approval of the Finance Ministry on monetary policy, credit policy and broadcast in questions identify and implement monetary policy, credit policy only members of the board of the Central Bank of Iraq who hold posts in the Central Bank of Iraq and worked. زNote From April 9, 2003 until the preparation of this study in the April / 2007 nothing but a recovery of the Iraqi dinar against other currencies despite all existing bloody events, and despite the problems in the Iraqi street, even went killings, kidnappings and sabotage to the peace-building and the evolution of the status of the Iraqi dinar better because the resources go to reconstruction destroyed by the enemies of Iraq g
That lack of government interference in the policy of the Central Bank of Iraq and the reduction of the exchange rate of the Iraqi dinar against other currencies in a rational made not to create chaos in the Iraqi street, as it was before April 9, 2003.
The leaders of monetary policy in the Iraqi Central Bank enjoyed special autonomy and professional (Techno Crate), and that this capacity in these leaders make them healthier in decision-making with regard to the correct monetary and credit policy.
We in the Iraqi Central Bank Optimistic Iraqi economy recovery and prosperity in the coming period.
-.- The second aspect : performance appraisal system for banks.
CAMEL .CAMEL is the way of effective techniques for evaluating the performance of banks and the strength and solidity of their financial positions and the positions of the administration and hence their ability to adapt and deal with any changes or developments related activity also ensures the application of the system to identify the strengths and weaknesses in the performance of banks, thus strengthening the capacity of power regulatory early warning so that the Central Bank intervenes in time to correct the situation and remedy weaknesses in the bank's performance on before they escalate.
.It can be used this system and after getting to the final evaluation of the banks in arranging banks in accordance with "the strength and durability of their financial positions and the positions of this administration as well as" the possibility of self-evaluation results in the planning process for searching bank focusing on the elements of weakness in the bank's performance, or the planning of the functions are limited to the examination element or more elements of weaknesses in the bank's performance as well as determining the periodic inspection of the bank where the need for convergence periods of time to inspect the relevant bank weaker evaluation will be bigger.
The system relies on evaluating the performance of banks elements to be evaluated to five components : -
1-كفاية راس المال Capital adequacy "C" 1-capital adequacy Capital adequacy "C"
2- quality "A" Asset2-quality asset quality "A" Asset
3- Management "M"3-Administrative Management "M"
4- Earnings "E" 4-profit Earnings "E"
5- (Composite Rating)5. liquidity Liguidity "L" In light of the outcome of the assessment mentioned elements are to reach a final assessment (composite Bank) (Composite Rating), which represents the results of the evaluation of the outcome of the elements referred to.
http://www.al-mannarah.com/paper.php...=akbar&page=50
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