Thread: Archive - Latest News Think Tank - 15/01/09 - 04/05/09

Bayazid Hassan: lack of agreement on some blocks of oil and gas law of the most important constraints faced by the legislation

A member of the Commission on oil and gas in the Iraqi Council of Representatives Bayazid Hassan "The most important constraints faced by the legislation of the oil and gas law is the lack of some blocks on the bill and the absence of political consensus on it.

He said in a good reporter that "certain blocs is the arrival of foreign companies for work in Iraq is an occupation again."

He explained that "there are some Good actors do not want the new Iraq, In addition to the problems between the central government and Kurdistan Regional Government. "

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the dinar exchange rate between planning and the World Murr Xie

I do not know whether the insistence on criticism of the policies of the Central Bank of the dogmatic or pragmatic approach is believed that he risked will serve the stability of the exchange rate. Whether this or that Valbrgmatip compels us to control the movement of cash, including in particular economic, taking into account the cohesion between Alkonkeriti the general policy of the country's joints and the movement of monetary policy.

Of the economists were able to interpret financial or monetary collapse of Iraq in 92 years and 93 and 94?

Then the dollar rise to a barrier of 3000 dinars, but the former central bank governor in one of the trial, expressed amazement at the decisions that were issued and increase the impact of the collapse of the exchange rate and I well remember how the traders, one adult in the nineties brought specialists is critical to explain the movements of the market and each time were not There are effective consultation that many effects beyond those that focus on in the Mhadharatna university, and those influences that had been imposed on everyone to bow to the pragmatic approach in terms of the stability of the state is to stabilize the economy and the exchange rate and to what extent the State is a revolutionary and emotional, it would be equally seismological economy Thus, the exchange rate and the ambivalent and the horrors of trouble hitting all the spectrums of society and the red line to the Governments that seek not to create a serious atmosphere of a country to the abyss of destruction.

Of the great gains achieved by the Central Bank of Iraq is to gain the stability of the exchange rate and with confidence say that this gain would have plenty of Iraqis after we arrived to us as a huge source of profit .... and this is the policies of the Central Bank studied, but I think the bank who working hard, but silently and leave their actions speak for them, both factors is required.

The emotional approach is the worst enemy of the exchange rate and the economy in general. Yes, the central bank auction is believed to be costing the country ... and a lot more than agree with the minister of planning, but this dilemma is not an act of the central bank can not re-conversion of outer circle of the Central Bank to engage in the duties of control do not fall within its competence, either closely or from afar has been the creation of the Central Bank that the required balance between Aldainip indebtedness as reflected on the balance sheet by each post-2003 as we do not take into accounting standards after the price change in the disclosure of financial reports.

The transformation of the individual to the Iraqi dinar in the daily business to create a demand for the dinar has increased the volume of deposits in banks, thus increasing the profits of commercial banks (Bank of Iraq, increased profits from the quarter of a billion dollars to three-quarters of billion dollars over two years (the statement by the director of Rafidain channel Iraqi 7-3 / 2008).

Out that the problem of foreign currency out of Iraq is because of the indiscriminate import everything we need and what we need and not accompanied by a policy of tax and backward Kmarkip it was possible for such policies to import and therefore Takln out cash abroad, and the upgrading of service standards and quality control, which I think by that one of the joints and the Ministry of Planning will be a means to control the volume of foreign exchange abroad, if we recognized that the requirements of free trade is under the control of the State to a detailed import a leading United States free trade and set conditions before the manufacturing industry of China is believed to limit the purpose of imports from the Chinese dragon.

The stability of the Iraqi dinar exchange rate needs to be a lot of work and careful and stay away from everything that is exciting and, in particular, has made inflammatory remarks hurt more than dealing with it and seek to address all sources of confusion, the real and false, eight Iraq Avavip is still true that the price of a barrel of oil has fallen from 2008 much, but returned to its price in the years leading up to eight that can not calm the security price appreciation, but I can almost assert that this factor is a priority in a series of factors that act to stabilize the exchange rate, but the economy as a whole.

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Finance launches public budget amounts

A member of the Finance Committee in the House of Representatives of the Sami Atrushi launch allocations of ministries and departments after the approval by the Presidency on the state budget for the current year. Atrushi said in a press release that the Ministry of Finance has made the launch of the public budget in 2009 of the ministries and departments and bodies related to the Ministry after approval by the the Presidency of the Republic and published in the Official Gazette., a member of the Finance Committee that the budget approval was delayed due to review more than once due to falling oil prices, calling on the ministries and departments not associated with the Ministry to be more efficient in the implementation of investment projects and the amounts allocated in the budget so as to contribute to the revitalization of the movement and the domestic market and left a positive effect on the national economy in general.

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Christopher Hill new US Ambassador to Iraq

The US Senate approved on Tuesday on the nomination of Christopher Hill as new US Ambassador to Iraq by a majority of 73 votes vs. 23 votes at the end of a long debate about his nomination which was subject to reservations by some opponent Republican Senators. Senate foreign affairs committee had approved at the end of March the appointment of Hill as US Ambassador to Iraq.

http://www.alsumaria.tv/en/Iraq-News...r-to-Iraq.html

Lower demand for dollar in CBI auction

Demand for the dollar went down in the Central Bank of Iraq’s (CBI) auction on Wednesday, reaching $96.835 million compared to $103.550 million in the previous session.

“The demand hit $6.040 million in cash, covered by the bank at an exchange rate of 1,176 Iraqi dinars, and $90.795 million in foreign transfers outside the country, covered by the bank at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 14 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=111943

Agreement to establish Iraqi-Syrian bank

The Iraqi finance minister, Bayan Jabor, and his Syrian counterpart, Mohammed al-Hassan, signed a financial and economic agreement of mutual cooperation between the two countries that embraced a preliminary deal to establish an Iraqi-Syrian bank with Iraq as a partner holding shares of 49 percent.

“The two sides also agreed to activate agreements and customs cooperation,” said a release issued by the Iraqi Finance Ministry and received by Aswat al-Iraq news agency.

“The agreement that was signed by the two ministers included the folders of debts and the Iraqi-Syrian agreement,” it added.

http://en.aswataliraq.info/?p=111963

Economic effect

Have not heard so far that the investor provide Iraqis to win one of the files submitted by the ministries and provincial authorities attribute the situation did not accept, if we know that there is potential for substantial material to the Iraqis, whether they are inside the country or those who preferred to stay in other countries and how much we do not wait for this good especially in view of the Investment Law No. 13 for the year 2006 a large and privileges which encourages and reassures investors to come to the country.

Through our contacts with officials in the ministries and the investment we have seen that there are elements of investor preference for the Iraqi and often many of them expressed willingness to overcome the difficulties that Iraqis and the companies and owners of capital in order to obtain the files of industrial, agricultural, tourism and oil available for investment.

Because Iraq has become a magnet according to latest indications of many international companies and neighboring countries, the opportunity still exists for the Iraqis to win their country to build and benefit from the potential volume of investment has already offered many of the countries which have turned into economic of the Central States and the universality of the free economy that contributed to its people to shift and adopted the new system and have invested their money for the purpose of operating and production has been achieved impressive results Akspoa economy and the importance of being able to major adjustment to the new system in either the physical, human, and it Is an Iraqi projects, we will find a large investment?

Do shareholders have the courage to see and offer to invest their money locally, benefiting from trade-offs and promises of the officials who, as long as we have confirmed their preference for domestic investment.

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Patient: the role of the United Nations in Iraq has not been successful have missed a lot of money

MP Khalid al-Asadi said the United Iraqi Alliance on the UN role in Iraq in general is not a successful as it had several failures.

He said al-Asadi, told the independent press (Iba) Lalliot on Wednesday to ensure that play The United Nations to play a positive and active in all processes of political consensus and help Iraq in the advancement of various aspects of political, economic, administrative, noting that it has played a major role in terms of training and development and give advice on the various tracks.

"But in general, its role has not been successful As it always has, especially with the nature of the failures of officials and staff in key institutions in the work of the United Nations in Iraq, noting there and deal with the issue of Iraq, "the discourse and the question of profit to attract money and Afqath economic prospects in the draft, including the name of Iraq oil for food".

With regard to the disputed areas Asadi said, "We have not seen an effort by the United Nations, as we expect, especially after the financial scandals involving some of the staff and UN officials in Iraq," stressing that the United Nations must act impartially in Iraq, with all sides without bias on the other hand, and do not take into account the interests of "the strongest and the most money and political presence."

Asadi said that the UN has spent a lot of money in Iraq, but 70% of the money: "I went into the pockets of UN staff to Iraq," died Kiivadat to Amman and to many countries for the establishment of training courses that have been calculated Sie mir mitzunehmen money for Iraq, but that did not exchange them exceed 30%.

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Economic: It is necessary that the banks play a role in Iraqi reconstruction projects, the financing of the provinces

Stressed the need for an economist to lead the Iraqi banks role in financing investment projects in the reconstruction of the provinces after the end of the last elections to their boards.

A member of the Center for Studies and Economic Research Rafid Hassoun told the independent press (Iba) said Tuesday that the investment opportunities in Iraq, a large and open so that the country is rich in many natural resources that are rarely available in one country, as well as skilled human resources and trained, which requires banks that more than in addition to dozens of government to contribute to the creation of attractive investment structure at the legislative and procedural. He asked the banks to go towards greater openness of internal and external, and work to achieve high rates of economic growth.

He said in every country in the world play a role in the banks to find economic opportunities and investment viable, the development of domestic financial markets integration and coordination among themselves, but the lack of action by the local banking sector led to a freeze and delayed the implementation of provincial projects, hoping to take the elected provincial councils the lead in providing a joint action.

He Hassoun should be redoubled to Iraqi banks To expand their base in the capital and investment projects, especially after the start of electronic trading in the Iraqi market for securities, and for the active role in the definition and areas of investment opportunities available, stressing that banks provide technical advice to the investors and foreign businessmen the feasibility and effectiveness of the settlement of investment inside Iraq.

Hassoun said the importance of strengthening the areas of opportunities for cooperation and joint action between the Iraqi banking institutions and their counterparts with respect to the area of global project finance and the resettlement of Iraqi assets overseas.

Urged to initiate actions and measures by the monetary authorities and financial commitment to ensure the new framework for capital adequacy with the adoption of credit and lending policies of the new institutions and individuals.

It should be noted that a number of Iraqi banks expressed their desire to employ part of its assets in the financing of exports and investment and encourage the flow of electoral facilities.

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Originally Posted by Seaview

Christopher Hill new US Ambassador to Iraq

The US Senate approved on Tuesday on the nomination of Christopher Hill as new US Ambassador to Iraq by a majority of 73 votes vs. 23 votes at the end of a long debate about his nomination which was subject to reservations by some opponent Republican Senators. Senate foreign affairs committee had approved at the end of March the appointment of Hill as US Ambassador to Iraq.

http://www.alsumaria.tv/en/Iraq-News...r-to-Iraq.html

Hill plans to visit Baghdad next week

"Al Sabah" from private sources that Christopher Hill, who is expected to take place during the next hours, officially naming a new ambassador of the United States to Iraq, will visit Baghdad next week.

The sources said, speaking by telephone from Washington, said that Hill told the Senate Foreign Relations Committee U.S. Senate that he would visit Baghdad next week in the event of an officially appointed successor to Ambassador Ryan Crocker.

The sources added that Christopher Hill, will be changes in the number of administrative and advisory positions at the U.S. embassy in Baghdad, confirmed that a meeting will be President Barack Obama and Hill to establish priorities of work for the new ambassador. The U.S. Senate yesterday has paved the way for ratification of the appointment of Hill as U.S. ambassador in Iraq agreeing to the closure of the debate on this issue to be referred to the final vote in the full council in the late hours of yesterday evening, where the Board approved the closure of the debate on the controversial appointment by 73 votes to 17, and sources indicated that the new Ambassador will meet with him during his Baghdad, a number of U.S. military leaders and the staff of the embassy, before handing over his credentials as ambassador to the United States to President Jalal Talabani, indicating that Hill will hold talks with Prime Minister Nuri al-Maliki and senior officials in the State. It should be noted that the Foreign Affairs Committee in the Senate and approved by the end of Last March, the appointment of Hill, the U.S. ambassador to Iraq.

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