Thread: Archive News - Iraqi Dinar Think Tank - 28/03/10 - 21/06/10

Analyst: hard currency available, and destinations that are blowing it known

Said a senior economist at the CBI said the reserves of hard currency available to the central bank and put to the market through the daily auction of the Central Bank.

The name Abd al-Hadi in contact with the agency, the independent press (Iba) to destinations that go to a well known hard currency for the purpose of import of goods, provided by the merchants in the Iraqi market.

Observers have expressed fears of the exploitation of hard currency to put in the auction by private banks for the purpose of investing outside the country.

Abdel Hadi, the lack of emptying of hard currency through provided by the Ministry of Finance through the export of oil and sell it in the global market.

He explained that each person who remove more than 15 thousand dollars of the country must make it clear the source of the official authorities, pointing out that foreign banks are investing in the Iraqi market through its participation in the banking sector on the fact that the country reflects the existence of future investment and promising movement and growth in Iraqi market.

http://www.ipairaq.com/index.php?nam...onomy&id=26107

Financial managers to transmit four branches of the Bank of Iraq to the Commission on Public Integrity

instructed the Minister of Finance Baqir al-Zubaidi to the Legal Department, Ministry of Finance approval to transfer four of the managers of branches of Bank of Iraq to the competent court to conduct a trial in accordance with the provisions of Article (340) of the Penal Code No. (111) for the year 1969, as amended.

According to a statement issued by the ministry today said the decision was on a charge (with public money damages induced by causing uncovers the bank account of Al Basra Private Bank) pursuant to the provisions of paragraph b of Article 136 of the Code of crimes trials No. (23) for the year 1971, as amended.

The security forces arrested the director of Al Ahli Bank of Basra when he tried to flee out of Iraq against the background of financial issues related to loans from the Bank of Iraq.

http://www.ipairaq.com/index.php?nam...onomy&id=26093

ISX launches new general indicator

The Iraqi Stock Exchange (ISX) on Wednesday launched its new indicator after the increase of the appointed companies to 40.

"The IEX launched a new general indicator after the increase of the appointed companies to 40, including the seven sectors listed in the ISX," the ISX said in a statement received by Aswat al-Iraq news agency.

"The former indicator consists of only 19 companies, which was selected in 2009 after the move from the manual to electronic trading," it added.

The Director of the Iraqi Stock Exchange, Taha Ahmed Abdulsalam, had said last week that the ISX will launch a new general indicator after the increase of the appointed companies, and also start a new system for the shareholders by next June.

"Electronic trading had been applied by 5 companies by April 9, 2009. This number eventually rose to 30, out of which only 19 had been accounted as the best in performance according to the electronic trade," he added.

"The Iraqi Stock registered 84 companies in the electronic trading, and it has become a necessity to increase the size of samples in accordance with the increase of the capital of the companies," Abdulsalam said, pointing out that "the Board of Governors have decided to increase the number of companies within the index in order for the indicator to give the true value of the exchanged shares in the electronic trading for both general and sectoral forms."

http://www.zawya.com/Story.cfm/sidZA...al%20indicator

Watermelon: Iraqi soon announce new steps to form the next government

A member of the Iraqi List Jamal watermelon, Thursday, the waiting list to request the President of the Republic to form a government, adding that dialogues with the other blocks will commence after obtaining the Iraqi assignment.

The melon Agency (Voices of Iraq) that the Iraqi List, will take into consideration all the demands of blocks to the winning side of Iraq, adding that the waiting list to request the President of the Republic to form a government and after the Iraqi begin dialogues with other blocs.

And watermelons that they have become bound ceiling timetable set by the Constitution standing for 15 days and during this period of time to ask the President of the Republic assigned to form the government according to contexts of constitutional As Alaitlavan national law, had differences on the vision and differences over the positions and they must abide by the line proceed to set the Constitution after ratification of the election results , indicating that it is possible that this process takes a few days and will announce soon the Iraqi serious steps in this regard.

http://radionawa.com/ar/NewsDetailN....475&LinkID=158

A member of the National Coalition: the chances of the Iraqi List to form the next government, non-existent

Description of a member of the Iraqi National Coalition dialogues side on the sidelines of the Conference of the Patriotic Union of Kurdistan in Sulaimaniya, which was held this week that they have discovered a lot of ambiguity in the positions of large menus form the government.

A member of the National Coalition for the newspaper Al-Hayat that the dialogues held between the side members of the large menus on the sidelines of the Patriotic Union of Kurdistan, led by President Jalal Talabani has removed a lot of ambiguity in the views about the legitimacy of large lists form the next government.

He said they have touched the convictions of a number of eminent personalities in the list that the Iraqi fortunes to form the next government, and there is no certainty that the final moments before the first session of the new parliament will announce the alliance between the Iraqi national coalitions and the state of the law.

And confirmed the existence of efforts to search for a successor to Prime Minister Nuri al-Maliki within the Dawa Party, on the one hand, and the rule of law on the other hand, explaining that there are moves to search for a replacement candidate, state law only al-Maliki and entered the stage suggests the seriousness of two directions, first in the Dawa Party (Stand-Maliki ), where the put a name Haidar al-Abadi, Ali al-Adeeb, while the second trend is the level of coalition rule of law and is in contact with the other blocs, including our coalition conducted by Hussain al-Shahristani, who leads a group of independent and hints to the possibility of support in the event of his candidacy to the post, and the other person is Ja'far Muhammad Baqir al-Sadr , and has the blessing and support of Muqtada al-Sadr.

http://radionawa.com/ar/NewsDetailN....447&LinkID=158

Keywords reaffirms the rule of law to Maliki's nomination for the post of Prime Minister

New leadership of the coalition of the state of law on the Keywords, Thursday, the nomination of mass Nuri al-Maliki as prime minister because he has many elements of the force.

The Keywords told (Voices of Iraq), it is natural to lean all the coalition candidate, which was adopted, so they are the rule of law, of course, tend to be al-Maliki is the Prime Minister, because they believe has a lot of elements of the force in addition to the leadership role and what he accomplished during the past period.

Keywords and Maliki has won the largest number of votes in the last elections in the governorate of Baghdad, at least, all these things they believe make him the best and the most likely to reach the post of prime minister.

Regarding the recent statements by the Iraqi list, and of supporting the nomination of Adel Abdul Mahdi, in the absence of formation of the government, he said: "The case does not revolve around other political blocs over the place as far as the new coalition consisting of the national coalitions and the state of the law."

Keywords added that "the nomination is within the coalitions and coalition nominated and approved by the other political blocs and holds an adequate number, ie, that his Government to acquire an adequate number of votes in the House of Representatives, it will happen on this post."

Keywords pointed out that "even if Iraq did not vote for this candidate, there are other blocks will vote him as well as coalitions of course, to" the national and state law.

http://radionawa.com/ar/NewsDetailN....473&LinkID=151

Major projects to develop Iraq's oil sector at a cost of over one billion dollars

Said General Manager of oil projects in the Oil Ministry Nizar Hussein, said the company has several mega projects to develop the oil industry in Iraq costing up to more than one billion dollars.

Hussein added during a conference organized by the Ministry entitled oil projects between reality and ambition, that the company has several projects including the development of warehouse FAO and the West Qurna field and Investment gas field, West Qurna and Zubair, in addition to the further development of a field north of the Rumaila and recharge for the South Refineries and gas south and manufacture of refineries and small building reservoirs , as well as the pipeline between the provinces for oil and gas pipeline, including strategic and more than 6 large oil deposits.

The rejuvenated that our affiliates are going in the participation of international companies to ensure the mechanisms of productive employment and elimination of red tape and move in the creation of mega-projects and the development of Iraq's oil sector.

He pointed out that the company suffers from several constraints, including lack of financial allocations and regulations restricting the central project implementation with regard to contracting with companies and the pay and allowances of the tables that are relied upon.

http://radionawa.com/Ar/NewsDetailN....443&LinkID=155

The Iraqi Ministry of Oil: World oil prices is not fair but acceptable

Abdel Karim said Allaibi deputy oil minister, said he expected world oil prices fluctuating between 70 and 80 dollars a barrel and prices described as "unfair", but accepted at the present time ...

Iraq depends who has the third largest oil reserves in the world of oil revenues, which account for more than 95 percent of the federal budget.

Iraq, which is in desperate need of money to rebuild an economy damaged by years of war and international sanctions a series of deals worth billions of dollars with major international oil companies in the months prior to revive the industry which has stagnated and rebuild the oil infrastructure.

Allaibi said to reporters in Baghdad that oil prices do not decline strongly expected that it will not fall below 65-70 dollars per barrel.

Iraq has been forced to reduce the 2009 budget three times after he fell from a peak of oil prices near record highs in 2008.

http://radionawa.com/Ar/NewsDetailN....445&LinkID=155

Central Bank does its procedures to combat money laundering in Iraq

Said director of the Department of Banking and credit in the Iraqi Central Bank, Walid Abdel Nabi for an effort to control activation of the Anti-money laundering.

Said Abdul Nabi, told a news agency reported news the Iraqi media, the resolution issued by the recent linking of the Anti-money laundering, the Governor of the Bank directly, in a move intended to give the Bureau an amount greater privacy, the importance of its role in the anti-money laundering and erase the negative impact on the national economy.

He noted that the Director of the Bureau's Badr bring down the meetings of the stakeholders and regulators, and the Central Bank of the development of regulations to the Office's activity derived objectives of the recommendations of institutions on money laundering, international cooperation in this regard, in addition to the registration office staff by 30 courses organized outside the country to increase their knowledge base, thereby enhancing their ability to do their jobs better.

And Abdel-Nabi, the central bank is keen to deal seriously with the issue of anti-money laundering, through the development of methods of control and financial accounting were circulated to government and private banks, which requested the establishment of special offices by the adoption of these formulas in their daily work.

http://radionawa.com/Ar/NewsDetailN....408&LinkID=155

Gen. Lanza: any American interference in Iraqi affairs after 2011 needs a decision from Washington

Stressed the spokesman for U.S. forces in Iraq, Gen. Steve Lanza, the need for Iraq's possession of an air force radar and able to protect the territory after the withdrawal of U.S. troops from the country, noting that this imposes a great responsibility on the next government.

He called Lanza the Iraqi government to work hard and fast in the exploitation of part of the country's resources and derived from oil and the work of investment companies in the purchase of military equipment developed through the sales program, the American military, stressing his country's troops will withdraw from Iraq by end of 2011, and apply a security pact signed with Baghdad in its entirety.

Revealed Lanza said that the country's atmosphere would be managed by Iraqis after a U.S. withdrawal, saying that the Iraqi government is responsible for the airspace over the 24 thousand feet, and assist them in protecting what is less so, as it is responsible for the territorial waters of "A, B" that surround the docks oil.

It unlikely spokesman for U.S. forces severely hinder Chapter VII to buy military equipment, saying that Iraq had bought military equipment, many before it, such as helicopters, "MI17", and military aircraft of the type "T6" and gunboats to protect the regional ports of Umm Qasr.

He continued to Lanza for the legality of his country's interference in assisting Iraq in case he was attacked by foreign countries or a terrorist organization armed that until the end of 2011 we will do anything requested by the Iraqi government of us in the issue of security and defense of Iraq within the framework of the security agreement, but after this date and our departure , would require any U.S. intervention to a political decision by the White House, and the agreement between the Iraqi and U.S. governments.

He pointed out that Iraqi forces were not in an ideal situation, but has evolved significantly over the past four years, expressing his belief that Iraqi forces will be able to end in 2011 on the protection of internal security will also be acceptable to the Army's ability to protect its borders.

The Lanza is convinced that al Qaeda is capable of organizing attacks is decentralized, and will bring the same arrangement will be carried out other attacks, but Iraqi forces will continue pursuing it to get rid of its networks, noting that Iraqi forces have succeeded in curbing the financing of al Qaeda and its media.

http://www.radiodijla.com/cgi-bin/ne...?id=2010-06-03