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

Oil Ministry seeks to speed up ratification of the final oil and gas law

Demanded that the Ministry of Oil in the House of Representatives to speed up final approval of the oil and gas law, indicating that this would contribute in pushing forward the movement of investment and enabling the Ministry to implement its commitments to the strategic development of the sector.

He said the media ministry spokesman Assem Jihad, the oil in a press statement on Sunday that it would delay the adoption of the law of oil and gas to disrupt the important decisions concerning the oil sector.

And called for jihad to set political differences aside and look at the goals and opportunities that can be created stating that it will pave the law to create favorable conditions for investment and achieve the goals set by conferences and exhibitions for which the reconstruction of Iraq.

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The independence of the Central Bank of Iraq is not a novelty

Addressed the limitations of the media and clear themes and basic concepts in the various aspects of economic activity as a result of the absence of a link between its news reporting and the comments often attributed to the professionals And even officials of twisting and reflects a total lack of a clear relation to the theme.

Although this phenomenon has become a feature not addressed any of the news and were attributed to him statements to deny or correct for Roy on his tongue and the dissemination of the concepts upside-down. Unfortunately, often it is the action taken to scramble a lot of officials at the highest levels in dealing with matters of vital arguments are affecting many in the audience who are the silent majority that do not have to have a non-cynical Altovv the pressure on the ears and watch the bids that are beyond reasonable.

During the past five months on the statements and speeches - not the research and studies - the Central Bank of Iraq in a campaign calling for the many who Zkrnahm above criticism and beyond that the autopsy is not correct to use expressions, attributes, and the continuing frequency of surprise and without taking into account the principles addressed by the speakers including the independence of the Central Bank and how they are returned to them after they discovered that awareness of the law of the Central Bank of Iraq involved the independence, as told, this was a heresy by the law which has been translated into the text away from the external environment, and in line with the orientations of the new construction!! Does not allow for a major development promised to be achieved or start!! Can not be here to engage in reasoning with them have gone away.

It is sufficient here to cite a news story about the past, they were imbued with wisdom and understanding of the inherent and when to invoke the law and due at the commencement of construction. Has been in the achievement of the 1947 law establishing the rules of the National Bank of Iraq (to the year 1956) to the Central Bank of Iraq.

And provided the list prepared by a committee comprising the chairmanship of Mr. Tawfiq Suwaidi, a graduate of the State College of Law in Istanbul, before the outbreak of World War I, young age did not exceed twenty years, and his secret societies in the Arabic calling for the independence of the Arabs, fled to France, where he engaged in political activity in there, he joined the University of the Sorbonne and received an advanced degree in law and in the economy.

He returned to Baghdad via Syria to take a position in Saudi Arabia in which the range of positions including Director of the School of Law and then as prime minister of King Faisal I in 1929 and was in the thirties of age.

Presented the list prepared by the Committee duly legislature, the Council of Ministers and the House of Representatives for discussion and approval, and it seems that the typical politicians at all times they make this or that, and it seems that they found in the text of the regulation indicates that the Bank is an independent body and in Tbarua Alchwiat and Altcolat these lie - as they saw it - that came in the list.

The struggle on this particular point is why the Chairman of the Committee for the submission of his resignation, which include the legal concept which underpins the independence of the Central Bank, said: (the bank will be the creditor and the debtor, when the government is put under the jurisdiction of the secured debtor falls religion) Where are we from this?.

Is important is the competence of a direct, high-demand public governor Central Bank of Iraq to reveal the transparency of the amount of the reserve has accumulated .. That the great calamity which suggests that we seek to employ so that this balance in current expenditures.

The fault is another constraint on the bank's first economic development or forgetting, forgetting that the announcement of the financial end of the year 2007 it would reduce the exchange rate of the dinar / dollar rate of 30% gradually, not later than 2008/3/31 was the direct cause for concern in the D and the Iraqi economic Pervading .

Despite the increase in the price of a barrel of oil, which ended in early September wedding escalating violence during the first seven months of 2008 to stand without any of the professionals and officials with him, but often underestimated and words created in the innovation, which asserted that Iraq will not be affected by the decline in the global financial crisis

It is strange that there is consensus to stop in front of the media to confirm that the task of the Central Bank of Iraq is contributing to the process of major development has been hampered by the desired and as mentioned above - and a claim - the shift in the bank for dealing with inflation only.

Call for a keen and sincere ...
Stood Bmutirkm and your dedication

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Central sales of the dollar rise to 122 million in the canteen

the U.S. dollar sales of the Central Bank in an auction for the sale and purchase of foreign currencies, on Sunday, to $ 122 million versus $ 76 million and 888 thousand dollars, at the previous meeting.

The bulletin issued by the Central Bank and the Agency has received (Voices of Iraq) a copy of which was that "the total volume of demand for the dollar stood at 122 million and 850 thousand dollars, covered by the central bank stood at the basis of 1170 dinars per dollar."

The figure rose significantly from the previous meeting, which recorded a total volume of demand for the dollar stood at 76 million and 888 thousand dollars at the exchange rate of 1170 dinars per dollar.

The Bulletin that "the demand for the dollar is distributed by one million and 500 thousand dollars in cash, including the central bank and a commission of six dinars per dollar, while the value of remittances outside the country 121 million and 350 thousand dollars, covered by the central exchange rate was 1173 dinars, including the central bank and a commission of three dinars per dollar, did not make any of the 9 banks to participate in the auction, offers to sell the dollar. "

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Maliki among world most influential people

A survey by the US Time Magazine has shown Iraqi Prime Minister Nuri Al Maliki as the 7th most influential person in the world among the list of the 100 world most influential people which includes politicians, intellectuals, scientists, artists and sportsmen.

US Democratic Party official Edward Kennedy topped the chart while British Prime Minister Gordon Brown came second. The third place was granted to French Finances Minister Christine Lagarde while the seventh place went to Iraqi Prime Minister Nuri Al Maliki who is the only Arab politician on the list.

http://www.alsumaria.tv/en/Iraq-News...al-people.html

Dabbagh: the date of the withdrawal of American forces from the cities, however, can be extended

Said Government spokesman Ali al-Dabbagh, the Iraqi government that is committed to the dates for the withdrawal of American forces, whether agreed upon by all cities and towns and specific his thirty pieces of June of this year or the date of the final withdrawal from Iraq by the end of 2011.

The al-Dabbagh told a news briefing Sunday evening That these dates are not consistent with the extension of a process of transition and take over the responsibility of the Iraqi security forces, as agreed between the Iraqi government and the Government of the United States of America.

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The Interior Ministry Returns More Than (44) Billion Dinars to the State Treasury

Ministry of Interior has confirmed the returning of 44 billion and 220 million dinars from the funds of the ministry to the state treasury to the fact that they had spent in violation way to the calculation instructions.

A statement issued by the information office of the Ministry of Interior, as Eye Media has received a copy of which, has reported of the general inspector of the Ministry of Interior, Aquil Al-Turayhi, who explained that these finances were discovered during a calculations audit by the auditing bodies related to his office in number of the ministry joints at the capital Baghdad and the provinces of the country.

Adding that the audits found that these sums have been paid contrary to the law in the leadership of the border forces and the leadership of the National Police and the Directorate of Social Welfare and health, and the police departments in the provinces of Diyala, and Maysan, in addition to the Office of the general inspector.

http://admin.iraqupdates.com/p_artic.../article/50233

Central Bank of Iraq refuse to lend to the government from the funds of the Buffer Stock

Iraq's central bank declined to government efforts to borrow from the Reserve Bank funds to meet the shortfall in the budget, this step back in violation of the law, and a violation of the independence of the bank.

The Central Bank of Iraq adviser to the senior in favor of the appearance of Mohammed in a telephone conversation with the "Radio-soo," so that the government resorted to the easiest way to bridge the budget deficit this year, in reference to request funds from the reserve inventories, for the time that it must resort to the application of economic policies long-term:

Salih pointed out that the central bank reserves accumulated by the expenses of pre-Mozanp. Saleh added that Iraq's stockpiles of reserve funds have been covered by cash during the past years, and so is out of the financial authority of the Government. He also called for the adoption of alternative ways to fill a budget gap, including resorting to the application of secondary-market policies.

Salih pointed out that the law prevents the government from imposing its policies on the Central Bank of Iraq, asserting that the Central Bank of Iraq Law No. 56 year 2004, the World Bank to grant full autonomy from the government, so that does not provide any loans to the Government, does not receive orders from the government in the formation of Ssayasath, subject its accounts to international standards:

But Mr. Salih said the central bank under the authority of Parliament.

Saleh added that the economic stability of the financial policy is required to enter the market. And the benefit that there is an agreement with the government to adopt the policy of the secondary market:

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Originally Posted by Seaview

Dabbagh: the date of the withdrawal of American forces from the cities, however, can be extended

Said Government spokesman Ali al-Dabbagh, the Iraqi government that is committed to the dates for the withdrawal of American forces, whether agreed upon by all cities and towns and specific his thirty pieces of June of this year or the date of the final withdrawal from Iraq by the end of 2011.

The al-Dabbagh told a news briefing Sunday evening That these dates are not consistent with the extension of a process of transition and take over the responsibility of the Iraqi security forces, as agreed between the Iraqi government and the Government of the United States of America.

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Iraq rules out extension of US exit timeline

Iraq ruled out any extension of final timelines for US Forces withdrawal from Iraq stipulated in the bilateral pact, therefore, ending months of speculations over whether US combat troops will remain in Mosul bases after June.

Cabinet spokesman Ali Al Dabbagh announced that Iraq is committed to US Forces withdrawal timeline stipulated in the pact which implementation started since January 1 including the pullout of combat troops from cities and villages by the end of June and full withdrawal by the end of 2011. Al Dabbagh asserted that these deadlines will not be extended and security will be handed over to Iraqi Forces.

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

Planning minister says Iraq needs new banking system

The Iraqi minister of planning and development cooperation on Sunday criticized Iraq's current economic policy and its major dependence on oil, calling for a new banking system that encourages major institutions to play a more effective role in economy.

"The Iraqi economy is going through a dangerous stage because most of its financial resources are spent on government expenditure," Minister Ali Baban said today during an economic conference at Karbala University.

"Iraq's financial resources totally depend on oil," the minister said.

"The total reliance on oil has made Iraq pay dearly when oil prices dropped from $140 to $40 a barrel," the minister noted.

http://www.zawya.com/Story.cfm/sidZA...nking%20system

Planning Minister warns of difficult days facing Iraqis

Said Planning Minister Ali Baban, the government sector in a deplorable state, and many of the flaws in the bureaucracy, corruption and underdevelopment in the methods of work.

Baban said in a lengthy speech to the specialists the economy gathered in Karbala to discuss the reality of the Iraqi economy, the problems and crises, large and serious suffered by the Iraqi economy, indicating that citizens are turning to the common man, however, by the product of many factors.

Baban stressed the importance of relying on non-governmental sectors in the effort to promote the economy of Iraq, warning of a difficult year, if the case remained the same, according to the source.

Meanwhile, two doors up the collapse of Turkey responsible for the agriculture sector in Iraq because of what he described as unfair water policies, calling on Iraq to claim historical rights of water.

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