Thread: Archive News - Iraqi Dinar Think Tank - 01/10/09 - 27/03/10

Hi,

I've had family staying for the last few days, so haven't been on the internet.

CBI puts upgraded Calendar banks to obtain foreign loans

He Central Bank of Iraq and put a system of 5 points allowed raising the level of assessment for banks providing quality services, which helped him get the foreign loan.

A source at the bank told the independent press (Iba) on Monday, "It is hoped that the system allows for contracting with the administration and assignment of credits to him by Trade Bank of Iraq, thereby enhancing the contribution of banks to GDP, which is still currently not exceeding 7 per cent."

The source added "We have been preparing a new system of payments helps to provide advanced banking services to facilitate the treatment after the provisions of Article 28 of the Banking Act which identified some activities are not permitted for private banks and try to correct them to serve the Iraqi economy and the banks."

He noted that "the discussion of electronic banking products, banking and constraints in Iraq, funding mechanisms required for development in the country. Calling for a more vital role to the finance sector and banking activity which is a very important sign, in domestic economic activity."

The source continued, "that of the private sector has an important and vital, particularly in the banking activity in the mechanisms and the introduction of modern methods.

It should be noted that the Central Bank prepared a law on electronic banking, and submitted to the State Advisory Council for discussion and approval.

http://www.ipairaq.com/index.php?nam...onomy&id=21601

Celebrates the accession to the oil Transparency Initiative Extractive Industries

Celebrated the Oil Ministry on the occasion of Iraq's acceptance of a formal member of the Transparency Initiative Extractive Industries.

UN Secretary-General of the Cabinet during the festive Keywords "The ministry and of their efforts will achieve this accomplishment, which is the fruit of great importance to Iraq."

For his part, said Oil Minister Hussain al-Shahristani said, "Iraq is the first country to join this initiative, and that the ministry is proceeding with its oil dealings with the world's oil, saying that such membership would prevent cases of corruption and bribery, as well as the Ministry's view all transactions, production and sales to public opinion full transparency."

And Acharmufch General of the Ministry Alaa Mohiuddin, "The International Secretariat of the Initiative in Oslo has issued an official statement confirming the admission of Iraq by the members. Muhyiddin said that Iraq is the largest country among the members of the Initiative in terms of oil reserves owned as well as daily production rates of oil , as well as he is one of the first countries in the region and the countries of OPEC in terms of joining the initiative."

A spokesman for the Ministry of Oil Assem Jihad said that "this declaration is the outcome of the tireless efforts made by the ministry to meet the requirements of accession of the official announcement about the Government's desire to work with civil society organizations as well as general secretary of the name of the initiative."

http://www.ipairaq.com/index.php?nam...onomy&id=21637

Municipality of Baghdad to sign contracts with international companies to improve the environmental situation

started running the Municipality of Baghdad (4) mechanisms for specialized m.obile crushing solid debris were imported from global and originator of a cost of approximately (2.5) billion dinars.

And the transfer of the Information Office of the Municipality of Baghdad in a statement received by the independent press (Iba) a copy of the proxy for the Municipal Secretariat of Baghdad Naeem al-Kaabi as saying "the Baghdad Municipality has started the work of those quarries after emplacement in the four major sites, including two in the Karkh and two in Rusafa."

Kaabi said that "the breaker has been installed in the first definitive (people) to serve the municipalities (the people of Adhamiya, Sadr I, Sadr II) and the second in a boycotted municipal governance to serve the municipalities (good session, Mansour) and third in the Bourne boycotted the service of municipalities (Ghadeer, Baghdad New Karrada) in the fourth breaker has been installed within the municipality boycotted the torch to the service of municipalities (the torch, Kadhimiya, Karkh Center)."

He noted, "The importance of these mechanisms is the reduction of environmental pollution winning the accumulation of construction debris such as articles of solid concrete, bricks and other construction materials by turning them into raw materials Kirkam fine and coarse can benefit from the work of the coverage and cladding and in the work for the establishment of dirt roads, where up the productive capacity of the quarries to the (1000) tons of debris each mechanism."

He continued that "the importation of such mechanisms is part of a series of contracts signed by the Department of Environment and solid waste of the Municipality of Baghdad with a number of global companies to improve the environmental situation of the capital Baghdad, including a contract with the company (Okzim Turkish) value (15) million euros for the establishment of (9) manufacturing plants in Karkh and Rusafa time frame of the roof (20) months and another contract with a value of Turkish Schwinn (57) million euros to design and construct and equip laboratories for screening of solid waste in the capital Baghdad, the duration of time (18) months."

He called al-Kaabi through informed of the work of those quarries citizens to "contribute, along with the Municipality of Baghdad in the collection and transfer of debris to the sites of the quarries and should not be played in the squares and other places that offers players to sanctions and fines and the seizure of their vehicles," he said, "The Secretariat will allocate a symbolic incentive awards to citizens who are being transferred debris to the sites of the quarries."

http://www.ipairaq.com/index.php?nam...onomy&id=21617

Iranian bank in Basra soon, says consul

The Iranian consul in Basra said on Monday that an Iranian bank will be opened soon in the province to develop the commercial movements between the two sides.

“Iran is working to open a bank in Basra as a step toward the development of the commercial and economic movement between Iran and Basra,” Mohammad Reda told Aswat al-Iraq news agency.

“The trade volume between Iraq and Iran reaches $4 billion last year,” he said, noting that he hopes that this figure could rise to $10 billion in the coming years.

http://en.aswataliraq.info/?p=127468

Trade determine their responsibility to provide relief supplies according to the five budget

The Ministry of Commerce responsibility to provide 5 articles of the ration card items under the budget this year, while the provinces will ensure the rest of the vocabulary.

The Director of the Department of private sector development in the ministry and the supervisor of the Information Office of the Minister, Sadiq Hussain Sultan said in a statement singled out the morning that the funds allocated this year for the ration card items within the state budget approved by the House of Representatives, took into account the allocation of some of them to the provinces in order to provide a number of these terms will remain in the ministry responsible for securing the five core subjects of the shares of citizens of the more than 32 million accross the country.

He explained that the budget quoted some of these allocations to the provinces and thus become the responsibility of providing a number of items of supply to the provincial councils .. Indicating that the Ministry of Commerce will continue to take responsibility for ensuring the basic vocabulary in the bread basket of the citizens of flour, rice, oil, sugar and milk for children.

http://translate.googleusercontent.c...Zb66599zQmYWYQ

CBI sells $162m on Monday

The Central Bank of Iraq’s (CBI) dollar sales rose to $162.06 million in its daily auction on Monday, compared to $81.712 million in the previous session.

“The demand hit $12.610 million in cash, covered at an exchange rate of 1,170 Iraqi dinars per dollar, and $149.450 million in foreign transfers outside the country, covered 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 15 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=127438

Baghdad gripped by fears of fresh violence

Iraqi security forces might have succeeded in slashing the number of massive bomb attacks but have drastically failed to contain violent crime.

Criminal gangs roam almost freely in several Baghdad neighborhoods. In some areas the police seem powerless to contain them.

Both Iraqi and U.S. troops are not so much concerned about criminals. Their major aim is to fight groups such as al-Qaeda and other factions resisting the government.

Crime is rampant in many major cities. The number of victims is mounting. The media normally shun criminal incidents which they have come see as normal in a violent country like Iraq.

Most violent are certain neighborhoods of Baghdad, the northern city of Mosul, Baaquba and Ramadi. Conditions in many cities in southern Iraq are far from quiet.

Guns with silencer are the weapon of choice. In Baghdad rarely a day passes without several people being killed.

A shop owner aged 85 was the latest victim in the neighborhood of Shaab in Baghdad. This particular neighborhood is said to be under the control of trigger-happy gangs rather than the Iraqi security forces.

Other unruly neighborhoods in Baghdad include Benook, Tujar, Soomer and Ur where police officers, army officers, civilians and civil servants have become the main targets.

http://www.azzaman.com/english/index...02-21\kurd.htm

Iraq and Iran discuss borders, joint oil fields

Iraqi and Iranian experts are discussing ways to demarcate their borders and how to deal with oil fields straddling their international frontier.

One delegation is meeting in the Iranian border town of Qasr Shireen to officially demarcate the borders which stretch for more than 1,000 kilometers.

There are no signs along the largest portion of international borders. These were obliterated during the Iraq-Iran war which continued from 1980-1988.

“The borders were demarcated previously but we need to put up posts and signs to indicate the international frontier,” said Foreign Ministry Undersecretary Mohammed Hammood.

Hammood said the countries have a joint border committee whose experts were meeting in Qasr Shireen.

“The delegation is purely technical and has nothing to do with politics. It includes representatives from the ministries of foreign affairs, water resources, defense and interior,” he said.

Iraq has accused Iran recently of removing the remaining border posts and even sending troops to occupy an oil field in southern Iraq.

But Hammood said the countries were discussing ways to develop joint oil fields and how to share output or revenues.

He said an Iraqi delegation was currently in Tehran with the aim of reaching a final agreement.

The Fakka oil field in southern Iraq is a thorny issue. Iran occupied the field claiming it to be part of its territory.

Iraq says the field falls inside the Iraqi territory and cannot be considered a joint oil field.

Both Iraq and Iran hold massive oil reserves. Iran is the world’s second largest in oil riches after Saudi Arabia; Iraq is the third largest.

http://www.azzaman.com/english/index...2-22\kurd3.htm

IHEC expects higher turnout in 2010 election

Elections turnout will likely be higher than previous parliamentary elections in Iraq, Independent High Electoral Commission said.

IHEC will complete all technical measures during the coming days, it added.

IHEC chairman expected during a conference at Al Rashid Hotel expected higher turnout in elections than 2005 Parliamentary elections and 2009 provincial elections.

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