[BondLady] u know was thinkin bout something the last few days
[BondLady] remember when i said we had a good shot bk in april
[BondLady] from there 3rd to there 15th if they didnt screw it up or freak out
[BondLady] now even after that
[BondLady] next window i said we had another shot at
[BondLady] was june 15th to july 15th

[campdav] yeppers

[BondLady] see what there doin in these arts again?
[BondLady] just like they did in april

[luckyintx] postponing

[BondLady] an it was confirmed in the arts by the cbi
[BondLady] they were gonna do the 000 thing in april
[BondLady] an shabibi held off cause they freaked out
[BondLady] said they werent ready
[BondLady] then the last few days
[BondLady] they start doin it again
[BondLady] right at our next window an 3 months later from the last 1
[BondLady] an yesterday
[BondLady] shabs comes out
[BondLady] an says how patient the cbi has been an tryin to comply with the gov
[BondLady] an give them time to do what they need to do before shabs does what he needed to do
[BondLady] so if im right
[BondLady] then shabs is settin this to go again like before
[BondLady] an they are in there classic freak out mode right before any thing goes active
[BondLady] just sayin its a real possibility

[campdav] Very interesting

[BondLady] understand?


Al-Shabibi, Maliki discuss wait to switch currency 2012-07-07 Baghdad/JD/...The Central Bank official letter to Cabinet includes pros switch currency ... She is a member of the parliamentary Finance Committee and MP for the Liberal block Magda El-Tamimi/JD/that "Central Bank Governor Sinan Al-Shabibi met with Prime Minister Nuri al-Maliki and spoke about the wait to switch currency and delete the zeros and the money supply.". Tamimi said "that the Central Bank in an official letter to the Cabinet of Ministers ensures the pros switch currency and delete the zeros to reduce the money supply and to facilitate business processes and other" ... And remedied "but the cabinet so far has not responded to the Bank's book.". Tamimi said "the Government supports the Finance Committee to wait till the present time not suitable for switching currency, we fear the emergence of counterfeit currency dealers Division.". According to the parliamentary Finance Committee member and MP for the Liberal block "switch currency after 2003 witnessed the emergence of economic Division and dealers were counterfeit currency in the market, maybe switch currency at the moment is in addition to the money supply will grow more.". The Central Bank has said in the past week put new Iraqi currency after deleting zeros in January. Central Bank Governor Sinan Al-Shabibi/JD/"Bank will put up new Iraqi currency after deleting three zeros in 1/1/2013.".
[BondLady] The Central Bank Governor said "there are many procedures and many misgivings on its implementation of the Bank is keen to be a safe and easy exchange.". The parliamentary Finance Committee revealed earlier Central Bank contracted with major companies to print the currency of high quality paper. " She is a member of the parliamentary Finance Committee Magda Tamimi "cost actions devoted to switch currency at 150 million dollars. She noted that the "switch currency withdrawals be gradual through the check-in process at banks," "currency be withdrawn gradually and not once as in the previous switch.". Tamimi noted that "the Finance Committee as a follow-up to the work of the Central Bank and abreast of what is going on with the printing of the new Iraqi currency. "The Finance Committee member of" parliamentary speech, "Central Bank Governor Sinan Al-Shabibi" deposit in banks when switching the currency would be in one place and controlled to protect the currency from counterfeiting.
http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http://www.dananernews.com/News_Details.php%3FID%3D1194

[BondLady] no where in this art does shabs say he wont do it as he did bk in april
BondLady] imo he gave them 3 more months to do what they needed
[BondLady] Central Bank Governor Sinan Al-Shabibi met with Prime Minister Nuri al-Maliki and spoke about the wait to switch currency and delete the zeros and the money supply.".
[BondLady] talked about delaying it

[BondLady] Tamimi said "that the Central Bank in an official letter to the Cabinet of Ministers ensures the pros switch currency and delete the zeros to reduce the money supply and to facilitate business processes and other" ... And remedied "but the cabinet so far has not responded to the Bank's book
[BondLady] the goi still hasnt said go ahead with it
[BondLady] and there are reasons why for this
[BondLady] more than just throwin caution to the wind
[BondLady] i think many have the wrong idea an maybe not
[BondLady] ill explain more after we get thru this art

[BondLady] Tamimi said "the Government supports the Finance Committee to wait till the present time not suitable for switching currency, we fear the emergence of counterfeit currency dealers Division.". According to the parliamentary Finance Committee member and MP for the Liberal block "switch currency after 2003 witnessed the emergence of economic Division and dealers were counterfeit currency in the market, maybe switch currency at the moment is in addition to the money supply will grow more.". The Central Bank has said in the past week put new Iraqi currency after deleting zeros in January.
[BondLady] the gov an the finance commitee wants to wait
[BondLady] till its more economically stable
[BondLady] shoulda did what shabs said to do if they wanted a good rate all in the last 5 yrs
[BondLady] instead of power struggles an no 1 givin a inch
[BondLady] or lettin hate rule ur bloc an decisions
[BondLady] should have supported iraq an not self motives which they are still doing even within these delays
[BondLady] delays in every thing
[BondLady] its all about greed and power

[BondLady] Central Bank Governor Sinan Al-Shabibi/JD/"Bank will put up new Iraqi currency after deleting three zeros in 1/1/2013.".
BondLady] will put up new Iraqi currency after deleting three zeros in 1/1/2013."
[BondLady] after

[BondLady] The Central Bank Governor said "there are many procedures and many misgivings on its implementation of the Bank is keen to be a safe and easy exchange.". The parliamentary Finance Committee revealed earlier Central Bank contracted with major companies to print the currency of high quality paper. " She is a member of the parliamentary Finance Committee Magda Tamimi "cost actions devoted to switch currency at 150 million dollars
[BondLady] there are many procedures and many misgivings on its implementation
[BondLady] Bank is keen to be a safe and easy exchange."
[grashopa] .......exactly..........."after"
[BondLady] forcin the people to have to put there trusts in the banks again
[BondLady] forcin them to use banks again instead of under there matttresses
[BondLady] in order to get the ld's with a new rate imo they have to have a bank account

[BondLady] She noted that the "switch currency withdrawals be gradual through the check-in process at banks," "currency be withdrawn gradually and not once as in the previous switch.". Tamimi noted that "the Finance Committee as a follow-up to the work of the Central Bank and abreast of what is going on with the printing of the new Iraqi currency. "The Finance Committee member of" parliamentary speech, "Central Bank Governor Sinan Al-Shabibi" deposit in banks when switching the currency would be in one place and controlled to protect the currency from counterfeiting.
BondLady] to be witdrawn gradually
[BondLady] not like it was back in oct 15th 2003 to an 15 2004
[BondLady] only a 3 month window then
[BondLady] wont be nothing like that
[BondLady] and its not gonna go 2 to 10 yrs at 1166 either
[BondLady] they have a ton of money commin in an not goin out and the more money they have commin in just sittin around the more inflation rises hyper super inflation
[BondLady] they cant just sit on this 1166 forever
[BondLady] now why would the goi not want shabs to bring on the new currency
[BondLady] from the articles its like shabs when hed say stuff about turkey when they remved there 000
[BondLady] they did lop
[BondLady] an he kept bringin that up
[BondLady] an the goi started fightin him then
[BondLady] when he would say about turkeys bank stuff
[BondLady] so what if the goi
[BondLady] whhich greed motivates them all just as much as power
[BondLady] what if shabs rate wasnt enough for there likeing
[BondLady] what if there greediness wants more
[BondLady] they are sayin we need to wait to do this
[BondLady] till the economy an infrastructure is more stable
[BondLady] well shabs been tellin them that for 5 yrs
[BondLady] why they so concerned now like its new
[BondLady] they want the rate to go right bk to what it was before
[BondLady] and who wouldnt
[BondLady] i sure do too
[BondLady] but economically can they pull that off
[BondLady] they screw up more than they fix daily
[BondLady] they wasted 5 millon dollars every single day by not exporting or usein the gas they burn off every single day
[BondLady] 5 millon every single day burning
[BondLady] every 24 hours 5 millon dollars down the old iraqi trash can
[BondLady] in a 10 yr time

[grashopa] they have to be able to capture that gas............

[BondLady] every single iraqi could have had there own 5 millon usd from this waste
[BondLady] they need to make it a whole lot easier for investors to come in an do all this stuff for them
[BondLady] then they could just set bk an rake in all the cash they lose ev day
[BondLady] there people should be the richest in the world
[BondLady] not 1 single person in iraq hould be wanting for anything
[BondLady] but because they are so afraid some 1 will get 1 over on them or get a bigger piece of pie than them or have a ounce more of power than them
[BondLady] they cant see past it
[BondLady] they fight
[BondLady] so what if shabs just wanted a lil rate an let the supply an demand drive it up
[BondLady] while they concentrated more on infrastructure an private sector an the economy
[BondLady] this imo is why the goi hasnt jumped on board
[BondLady] let shabs say ok do this
[BondLady] sit the gov completly an start passin all these inv estment laws
[BondLady] pass the hcl
[BondLady] an empliment 100% the art 140
[BondLady] an ill reinstate the currency bk to what it was
[BondLady] an watch the $ signs pop into there eyes
[BondLady] as they would rush in to get a lot of this stuff done
[BondLady] if there gonna take 5 millon from other countries to stall or bring down the gov
[BondLady] an not suport there own country
[BondLady] and its people
[BondLady] would that do it for them
[BondLady] goi is delayin givein there blessin for this to shabs
[BondLady] because of imo greed
[BondLady] they are not happy with what he wants done with the rate
[BondLady] nor do they wanna do the work to get the great rate
[BondLady] or work fast enought to pull it off
[BondLady] greed and power is alive and well in iraq
[BondLady] anywhos
[BondLady] just thot id throw that out
[BondLady] theres reasons behind all these delays
[BondLady] an procrastinations
[BondLady] some think its bad some thinks its good
[BondLady] but the number 2 things that motivates iraq and theres no denying that is greed and power
[BondLady] the currency spells power
[BondLady] and the greed drives them to want better spending power
[BondLady] anyways imo to it all we wait an see
 
 
[BondLady] u know was thinkin bout something the last few days
[BondLady] remember when i said we had a good shot bk in april

[SMOOTH1] BondLady ty im ok
[luckyintx] yes
[campdav] I do
[shunshine] yep

[BondLady] from there 3rd to there 15th if they didnt screw it up or freak out
[BondLady] now even after that
[BondLady] next window i said we had another shot at
[BondLady] was june 15th to july 15th

[campdav] yeppers

[BondLady] see what there doin in these arts again?
[BondLady] just like they did in april

[luckyintx] postponeing

[BondLady] an it was confirmed in the arts by the cbi
[BondLady] they were gonna do the 000 thing in april
[BondLady] an shabibi held off cause they freaked out
[BondLady] said they werent ready
[BondLady] then the last few days
[BondLady] they start doin it again
[BondLady] right at our next window an 3 months later from the last 1
[BondLady] an yesterday
[BondLady] shabs comes out
[BondLady] an says how patient the cbi has been an tryin to comply with the gov
[BondLady] an give them time to do what they need to do before shabs does what he needed to do
[BondLady] so if im right
[BondLady] then shabs is settin this to go again like before
[BondLady] an they are in there classic freak out mode right before any thing goes active
[BondLady] just sayin its a real possibility

[campdav] Very interesting

[BondLady] understand?
 
 
6-11-2012 Scooter

I think we are heading for a Hybrid solution between the redenomination and the strategic goal of the country to increase the purchasing power of the people. A process that will take time. What they will open up at, nobody knows but it should be interesting. I think when we see the lower denoms floating into the market and being used exclusively by the people of Iraq, you'll see several significant jumps in the value. Largely because they'll need this to reflect the purchasing of common items food, milk, bread etc.

000000000000000000

6-11-2012 Bondlady

With Maliki's new initiative maybe they will finish the HCL and art 140 also. It is said that the President [Talibani] had called in a presidential statement recently to...8 things...from the erbril agreements, the ones which can be done by the constitution...basic necessities such as oil and gas law. WOWZA, if done, so r we IMO...the other 12 points of the erbril agreements will be left for them to continue to do what they do, fight over them. i guess we wait to see whats gonna happen today...if they push to go ahead an question maliki in parl and not do the no confidence.

000000000000000000

6-11-2012 SWFloridaGuy


This month is an important one for Iraq. In 4 days they have the UNSC meeting. Tariffs go into effect at the end of the month and on the 26th and 27th of June is the World Banking and Financial Summit in London.

Shabibi of the CBI will be speaking and will examine the changing shape of global banking and finance in the light of the macroeconomic imbalances in the world economy. The World Gold Council, DeLaRue company and major banks from around the world will be in attendance. The agenda will explore the key economic factors that will shape the financial industry’s drive for profits and growth in different countries, and consider the prospects of a possible reserve currency system reflecting the surfacing of important emerging economies and the subsequent shift in economic power.

In addition to Dr. Shabibi of the CBI, speakers include international economic decision-makers: economists, academics and other leading monetary figures. I don't expect a RV overnight but I do believe that after the National Meeting, if we see announcements of permanent Ministers, Erbil power sharing and the Strategic Council, the CBI will move ahead with their economic reforms and we could see a higher exchange rate on the IQD.

For some time the IMF and World Bank have instructed the CBI on how to correct abuses, implement policies, improve economic efficiency, and enter the next phase of their currency reform project. Although there are still many areas in need of improvement (as we saw listed at last year's World Bank mtg with the IMF), Iraq has come a long way.

At this point they may just be waiting for the opportune time and a stable political environment that will ensure the success of the project. Stability and inflation have always been key factors. Look for a date announced for the National Meeting and the outcome of the ones I previously mentioned.

Link for the Conference Overview of the World Bank Financial Summit:

http://www.omfif.org/downloads/WBFS%20agenda%2006%20June.pdf
 
 
Sunday June 3, 2012  
The parliamentary economic: Iraq has made several obstacles away from the World Trade Market
       BAGHDAD - and babysit - most likely a member of the parliamentary economic committee Amer Jassim winner, Iraq's accession to the WTO during the next two years, confirming the presence of several obstacles have made ​​Iraq away from the world trade market. The winner said in a press statement that Iraq's accession to the WTO needs to be an economic and political stability in the country, noting there are constraints have made Iraq away from her Ktzbzb the local currency against hard currencies as well as the lack of resolution of the project to delete the three zeroes from the currency. He pointed out: that non-rising standard of living of the Iraqi people, including qualifies cancel the ration card is the other blocked the entry of Iraq into the WTO, global trade because the market does not recognize the government support being linked to other countries and the ration based on government financial support. He added that bilateral differences between the Governments of Arbil and Baghdad, with respect to oil and gas also deprived Iraq of accession, in addition to the unstable political situation in the country, all of which made Iraq away from world trade, saying it needs to be enough time maybe two years in order to Iraq will be eligible to join the joined the World.
http://alrayy.com/52376.htm            

Sunday June 3, 2012
Tax Authority: Search controls determine real estate prices in Baghdad
- Examined the GCT with the Department of Real Estate Registration possibility of amending property prices in Baghdad and re-defined to suit the reality of residential areas in Baghdad.

The Director General of the Commission Kazem Ali Abdullah told a news briefing, "will be adjusted real estate prices, especially housing, to a large proportion of them in line with the truth value of the real estate market."

He said Abdullah "was discussing the subject with the Department of Real Estate Registration and was agreed to certain controls will work out soon to determine real estate prices in Baghdad." But he also "would be to the holy city of Kadhimiya privacy in this matter because of the reality that is characterized by this city."

He said the "possible to increase the price per square meter in which a greater proportion than it is now because of the traders and those with high salaries to exploit low price now (although rising) and the purchase of large tracts of land and real estate in Kadhimiya and the Pacific overlooking the Tigris River."

He was an economist in the Ministry of Finance Crescent Taan called to "determine who is responsible for setting prices of real estate in Iraq, they arrived at the fictional prices in the cities of the provinces to bear it for most people to afford."

"The main reason for the rise in property prices is the limited supply compared to an increase in demand." Adding that "Iraq has made population growth rate of 3% was not the actual planning of this increase, which led to high prices of property and real estate within the cities as the failure to build more housing units led to a worsening housing crisis and the rise of prices is limited. "


http://alrayy.com/52374.htm          

Sunday June 3, 2012  

Central Bank: Identification of Iraq's debt end of June 2013

       BAGHDAD - and babysit - Central Bank of Iraq said that "the end of June of next year will determine all debts owed ​​by Iraq and to know the exact amounts for it." The deputy governor of Bank of the appearance of Mohammed "is not reasonable nor acceptable continuing claim to extend the protection of Iraqi funds abroad, where the middle of next year will see the resolution of this file completely." He added that "Iraq's request for an extension to protect his money abroad came for the purpose of gaining time to account for the total debt it and prevent manipulation and fraud by companies and the private sector to claim illegal debt owed to them," adding that "some of them obtained a court order Esm to pay the debt to them."
http://alrayy.com/52370.htm
         

Sunday June 3, 2012
Oil: the signing of an agreement for cooperation between Iraq and Iran in the oil and energy
BAGHDAD - and babysit - Iraq has signed and the Islamic Republic of Iran the minutes of a meeting of the joint cooperation in the field of oil and energy.

A spokesman for the Ministry of Oil, Assem Jihad told reporters he had signed the agreement for the Iraqi oil minister, Abdul Karim and coffee and the Iranian side counterpart, Rustam Ghasemi.

He added that the record is included to confirm the two countries to increase bilateral cooperation in the field of exploration, drilling and extraction, training and joint coordination in OPEC, in addition to the keenness of the two countries to speed up to reach an agreement regulating the appropriate investment in the common fields between the two countries.

He quoted the oil minister reiterated Iraq's desire to strengthen relations and to benefit from the experience of Iranian companies, and invited them to contribute to the projects announced by the ministry.

For his part, stressed his country's commitment Ghasemi contract, with the Ministry of oil and oil derivatives supply such as oil and white oil, gas to power plants in addition to supply Iraq with electricity, and discussed the possibility of increasing the volume and meet the needs of Iraq and ensure the strengthening of relations between the two countries.

The Iranian minister arrived in Baghdad last weekend at the head of a delegation of senior officials of the Iranian Oil Ministry.

http://alrayy.com/52364.htm      


Deputy: several constraints have made Iraq away from world trade market
Date: Sunday, 03-06-2012 08: 40 am  
Baghdad (newsletter) ... The parliamentary Economic Committee Member said Deputy//National Alliance Amer, Iraq's Jassim winner to the WTO during the next two years, adding several constraints have made Iraq away from world trade market.
Winner (for the news agency news): Iraq's accession to the World Trade Organization needs to economic and political stability in the country, noting there are obstacles made Iraq away from them as local currency fluctuations for currencies as well as the unresolved three zeros from the deleted project. He: no high level individual living Iraqi position to cancel the ration card is blocked enter Iraq to the Organization, since the global trade market did not recognize the Government support being linked to other States and dependent on Government rations its financial support. He said that bilateral disputes between Governments of Erbil and Baghdad regarding oil and gas also prohibits Iraq from accession, in addition to the unstable political situation in the whole country have made Iraq the world trade away, they need sufficient time to have Iraq probably two years is eligible to join world bound. The WTO was established in 1995, is one of the smallest age global organizations as the World Trade Organization is Khalifa general agreement on tariffs and trade (GATT), which was established in the aftermath of the second world war, with the primary objective to help trade flow into strings and freedom. And the WTO's membership includes more than 140 members representing more than (90%) Of world trade./finished/8 n. p.
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Member of the Human Rights Committee: wide and cannot be confined to one law
Date: Sunday, 03-06-2012 08: 49 am  
Baghdad (newsletter) ... Excluded Member of the Commission on human rights, the National Alliance Deputy//Khaled algiashi, enactment of human rights in Iraq, in particular, that all articles on human rights cannot be confined to a single law.
He algiashi (News Agency news) on Sunday: that such a law could not be recognized its existence at all, because human rights law cannot be limited. He added: the materials of human rights law within all government institutions and conduct joints, and intervene in each law passed by the Government or was issued in the past, as well as be modified suit with human rights principles. He said that the Committee did not favour human rights laws collection, the fact that extensive Iraqi human rights could not be limited at all. The news was reported the existence of legislation endeavors of the human rights act for Iraq, but faced opposition from human rights organizations before her circumvent the principles of the Universal Declaration of human rights by the Constitution of Iraq adhered to./finished/5. d/s.
 
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Deputy kordestani: article (140) constitutionality and talk about its mere "media consumption"
Date: Sunday, 03-06-2012 09: 19 am


Irbil (News) ... Criticized Deputy/Coalition blocs alkordstanet Khalid, Maliki government performance shwani, noting that they were not successful in consolidating national partnership among the components of people not abiding concluded, most of the political blocs has therefore decided to withdraw confidence.
He said shwani (News Agency news) on Sunday: that the political process will pass a new phase of meetings to develop mechanisms for resolving the crisis, noting that all solutions will be in the framework of the Constitution.

He added: the Government has not been successful realization of the principle of national partnership among the components of the people as well as not bound by political compromises, although there were greater opportunities for Prime Minister Nuri al-Maliki to invest and deepen the partnership principle and the distribution of competences and restore confidence between the parties since the crisis hit.

With regard to the remarks of some deputies on article 140 of the Constitution expired referred to: that article shwani (140) constitutionality nor can any politician in the Executive authority should evade their application, describing the remarks as "media consumption".

The political scene has deep differences between most of the blocks, and worsened between the coalition and the Iraqi list state law on the one hand and on the other hand is the Kurdish Alliance, President Jalal Talabani held a series of meetings in an effort to resolve the crisis, without evident what was reached during these meetings./finished/2 l. Eng.

http://www.microsofttranslator.com/bv.aspx?from=ar&to=en&a=http%3A%2F%2Fwww.ikhnews.com%2Fnews.php%3Faction%3Dview%26id%3D44229       


AMCC General produces solar panels and industrial gases
Date: Sunday, 03-06-2012 09: 55 am  
Baghdad (newsletter) ... AMCC was able to produce slabs General solar systems and various industrial gases and distilled water.
A Ministry of industry on the General Manager saying: fleih mazaal Mezher cadres company able to produce solar panels and systems estimated productivity card (3) thousands of kW and the production of liquid oxygen o2 production capacity estimated at 1 million (620) a litre, production of oxygen gas o2 production capacity estimated at (980) thousand M3 and the production of hydrogen gas H2 production (180) are estimated at 1,000 m3. He added: it was the production of nitrogen gas N2 card productivity means an estimated million and 80 000 litres and health water production and the packaging the albumin production capacity estimated at 500-Fund (24) per packaging and production of distilled water production capacity of Ionian (200) Fund. Noted: that the company expressed its readiness to engage with all the various State departments for processing their products according to demand and especially the installation of solar energy systems and stations and the processing of raw materials, production and operation of fully new production lines for solar energy lines with different uses and design and installation of gas reservoirs and distribution networks and means of medical oxygen, medical and industrial gases and the installation of desalination and filtration plants, drinking water and the design and installation of cathodic protection stations of pipelines using solar systems./finished/d/s.
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Expert suggests establishing a private company to develop oil fields
Date: Sunday, 03-06-2012 10: 33 am  
Baghdad (newsletter) ... Oil expert suggested AMR Hesham, establishing a national oil company managed by the private sector to develop Iraqi oil fields.
Said Hisham (News Agency news) on Sunday: urgent need to establish a national Iraqi oil company contributes to the development of oil fields in modern global technology compete with foreign companies operating in Iraq, but the process requires legal legislation authorizing establishment of holding companies of the private sector. Said: that Iraqi companies Act needs to modify certain paragraphs even provides for establishing a large capital investment companies in all economic sectors and especially the oil and gas sector, the fact that Iraq possesses significant reserves of oil in the world. He added: the process will require at least five years consist of legal legislation and amend some paragraphs laws to support the oil sector and promote him./finished/8. d/s.
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Member of the Finance Committee: Open documentary credits is the best way to save dinar
Date: Sunday, 03-06-2012 11: 15 am  
Baghdad (newsletter) ... Financial Committee member commended Deputy/National Alliance/Abdul Hussein Al-yasseri, an open documentary credits instead of external conversion of currencies used by the Central Bank to maintain the value of the dinar against the dollar.
He said Al-yasseri (News Agency news) on Sunday: that the Central Bank began to make good steps towards restoring Iraqi dinar and maintain price before the currency through the bonus terms of sale of foreign currency for a number of commercial banks in addition to that action open documentary credits instead of external currencies conversion. He said that the opening credits would compel merchants to open their own appropriation by commercial banks, either governmental or private insurance, which, therefore, when wish to import goods from abroad opens depending rather than converting to ensure receipt of the goods to the country of high specification and to avoid outflow operations without import to the country. He said that the purpose of such action by the Central Bank in order to preserve the value of the Iraqi dinar, because when you reduce central selling hard currency would increase its value with the low exchange rate of the dinar. The Central Bank has announced the start of open documentary credits instead of external funds transfer to Iraqi banks difficult branches of public and private/finished/8. d/s.
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Shahristani discuss with Iranian Oil Minister common topics within OPEC to support crude oil prices
Date: Sunday, 03-06-2012 11: 20 am  
Baghdad (newsletter) ...Search the Deputy Prime Minister for Energy Affairs Hussain Shahristani library this morning, with Iranian Oil Minister Rustam ghassemi, Iranian Ambassador to Iraq Mr. Hassan denaei and his entourage fled them, ways of strengthening cooperation between the two countries in the field of energy and the exchange of experiences and encourage companies to increase their investment in Iraq.
Office statement said Shahristani received (News Agency news) copy: Shahristani was ready Iraq openness to Iranian companies to work on reconstruction. Added: consultation on common themes within OPEC to support crude oil prices. The statement noted: the Iranian Minister that Iran was ready to support the candidate of the Iraq for Secretary General of the Organization of petroleum exporting countries (OPEC)/finished/y. n/
 
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Parliaments: the need to amend the law becoming urgent investment
Date: Sunday, 03-06-2012 11: 53 am  
Baghdad (newsletter) ... Member of Commission on economy and investment Deputy/block/National Alliance, Abdul Abbas sheyaa, that the Investment Act to an urgent need to amend some paragraphs to keep pace with investment laws in the world.
Sheyaa said (News Agency news) on Sunday: that the Investment Act requires many adjustments to keep pace with investment laws in the world, noting the existence of many formal investment laws do not apply to the ground, in particular the topic of single-window and leave land for Arab and foreign investor. He said that the foreign investor when resorting to invest in Iraq needs to long to get investment as a result of frequent leave reviews and this is applicable globally in the single-window code, and sometimes gets to leave Investor investment but when go to place investment faces challenges on land granted for the implementation of the project and the difficulty of alviza difficulty in approving investment projects. He said: in (2008) modified on investment law No. (13) of the year (2006), where he held House investment conference under the auspices of the Committee on the economy and investment, a Committee was formed and investment from the private sector for the purpose of research in law and investment in existing investment constraints exercised by the Executive Committee heard of investors and examined the observations in the light of this Conference was to put pressure on the Government to amend the law. finished/21 n. p.
 
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Economists: partial tariff application. Proposal to end the controversy started
Date: Sunday, 03-06-2012 12: 07 pm  
Baghdad (News)/report/Hussein Faleh/... Different views of members of the House of representatives and Government officials mentioning about the application of the customs tariff law in time, as opposed to some and others, insisted by deputies and experts is partially implemented.
And akotrho as a "average" applied to some unnecessary materials imported or goods the country could fill his need, asserting (News Agency news) an important law to protect domestic product despite its expected price. According to the Economic Committee Member said Deputy/Iraqi/Noora albegari Coalition: the system could not be applied fully to imported goods and materials because Iraq would affect the consumer in terms of increasing prices in the market. She albegari (News News Agency): the productive sectors in Iraq are still not working, whether industrial or agricultural because of not giving the main actor role for the private sector to work on bridging the country's need of local products.
Added: tariff must apply partially any imposed on unnecessary materials of the country (kalskaer alcohol and other luxuries) excluded from vegetables, fruit and some electrical appliances needed by Iraqi citizen, because individual living standards is limited and increase prices will negatively affect the financial means.
Invited member economy to think how to make productive economic sectors and then think how to protect them. And the new tariff act which was passed by the House to repeal the tariff law No. (77) for the year 1955, Coalition Provisional Authority order (defunct) No. (45) for year 2004 (trade liberalization policy 2004), Coalition Provisional Authority order No. (38) for the year 2003 (Iraq reconstruction tax and its amendments). The law affirms that it does not work with any instructions or regulations incompatible with its provisions. For his part warned analyst Ibrahim Al-Mashhadani from the application of the customs tariff law without the presence of a local producer and fills need country competes with imported from abroad. He said Al-Mashhadani (News News Agency): exemption of materials not available in the country of the customs duties so as not to affect the consumer's as well as swelling of the country in terms of higher prices. He said: that some traders will exploit the system to exponentially increase prices in local markets. The meeting of the Council of Ministers (22) called the House to postpone the application of the customs tariff law until the completion of the procedures, tools and means of applying the law provides that the Ministry of Finance of practical and technical reasons justifying wait and timelines required to postpone the application of the law. Where economic Committee member criticised Deputy//National Coalition Government's decision to Amer winner wait tariff law, stating that the law has been delayed twice and respited US Government (6) months to complete the full procedures relating to law. The winner (for the news agency news): the law essential to Iraq's economy because it will reduce the dumping of foreign products and commodity will protect local product, accused Executive to prone to pressure by neighbouring States for postponing action in the system being beneficiaries of Iraq through the export of its cargo. Economic Committee member rejected on placeholder//National Alliance ressan was arrested Abdul Hussein postpone implementation of the law on customs tariff schedule for local product protection, pointing out that his Committee's opinion varied law enforcement after the Government postponed. Confirmed: many owners of industrial plants in Iraq are demanding the imposition of tariffs to protect their product, stating that law had already been delayed three times by the Government due to internal and external pressures from local traders and exporters. And identified the Ministry of Finance on 16 February 2012 June 1 deadline for direct customs tariff for all goods and goods entering Iraq to support production and local industry and Agriculture and the reduction of dumping poor goods. The Act provides for the imposition of customs duty on imported goods, not included in the table of tariffs tariffs, not more than (20%) Worth, to exempt the samples and models that are not of commercial value, customs duties, as patron of the law in the application of its provisions and facilities accorded under the investment law No. (13) of 2006 and amended on imported goods exclusively for purposes of investment projects, with the aim of attracting the greatest possible investment firms and businessmen to work in Iraq. The Act provides for the Council of Ministers the right to modify the customs duty provided for in the customs tariff schedule for agricultural extension and the calendar of this Act in emergency conditions of economic necessity and cash call for actions of protection or treatment./finished/8. d/s.
 
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Member of the Economic Committee: oil sold unknowingly people and Government underestimate the right of a citizen

Date: Sunday, 03-06-2012 12: 26 pm  
Baghdad (newsletter) ... Member of the Economic Committee revealed that Deputy/Iraqi/coalition albegari, Noora Salem corruption in oil imports, noting that the Government is not serious in its disclosure amounts to oil.
She albegari (News Agency news) on Saturday: there is significant ambiguity and corruption in oil imports amounts not disbursed any knows where and what sectors were submitted to the country, noting that the integrity Commission pressured the Government to reveal debt and oil revenues, but did not give a decisive response on this matter. She added: there is considerable amounts don't know who dispose and oil sold for limited contacts unaware people, this country's loss and theft of citizen right, indicating that the Government underestimate the right of Iraqi citizens. Invited albegari: House and the regulatory body and the integrity Commission for Government disclosure claim final accounts for budget and large oil imports is significant ambiguity. He noted: the oil Ministry did not work and the Central Government is not serious about detection of debts and Iraqi oil revenues. Confirmed: an unofficial control of oil working on smuggling, and Kurdistan recently sold large trucks loaded with oil entered amounts self-employed./finished/21. d/s.
 
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Block hope support for the State declares Rafidain law
Date: Sunday, 03-06-2012 12: 36 pm  
Karbala (newsletter) ... Rafidain bloc hope in Karbala on the side of the State of law, Prime Minister Nouri al-Maliki.
Media spokesman on behalf of block on Abdel Fattah said at a press conference attended by (News Agency news) on Sunday: that the Rafidain bloc hope stands with state law and supported in its decisions. He added: we are against withdrawal of confidence in the Prime Minister's faith in turn build Iraq. And a question for the reporter (News Agency news) on the return of the placeholders on the decision withdrawing Musawi Manal National Alliance Abdelfattah replied: MP al-Musawi expressed the opinion to support a cluster state law. The statement also called for the need to expedite the national meeting and preserve the unity of Iraq. I hope that the block is the second most prominent blocks Rafidain in recent elections to provincial councils and local authority shared with the State of law in the city and County Council has nine members and Karbala Governorate Council Chairman Mohammad al-Musawi, Deputy Governor of Karbala, his brother Abbas al-Musawi./finished/11. d/s.
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Rafaa Al Issawi for "news": the National Alliance leaders are required to position the direction of territories
Date: Sunday, 03-06-2012 12: 41 pm  
Baghdad (newsletter) ...Leadership in the Iraqi list criticized Finance Minister Rafe Al-Issawi, invite some provincial councils to declare territories if no confidence on the Government Al-Maliki called on leaders of the National Alliance of words spoken on this subject.
Al-Issawi told reporters he singled out by the reporter (News Agency news) on Sunday: there were calls for days ago appeared a number of provincial councils requesting to cease efforts to withdraw confidence from the Government of Nouri al-Maliki otherwise would be resolution is a declaration of territory in the County. He added: everyone should ytkemlo with legal and constitutional, wondering why when Salahuddin, Diyala province requested "the religious did not fail" and why today asked the territories, continued: to request a constitutional justification territories but if keep serious in regions and only will be requested in this case are welcome in any time. Al-Issawi said: the withdrawal of confidence is not related to the subject territory in Iraq it must remain one unified Iraq without regions giving powers to local governments in financial and administrative aspects of the territories without advertising. He believed Al-Issawi: that reaction in this way the efforts of no confidence on the Government Al-Maliki, is incorrect, and the National Alliance leaders wished to say their word at this stage to deter some local governments that seek to create a gap between the Centre and the provinces. The Central and southern governorates of Basra, met Thursday and threatened to create the territory of the Centre and South, in the case of a withdrawal of confidence in the Government that runs most of the members of the Maliki Coalition State law./finished/3 n. p.
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Deputy for Iraq: a withdrawal of confidence in Maliki will be open
Date: Sunday, 03-06-2012 12: 55 pm  
Baghdad (newsletter) ... Turkmen front member Deputy Iraqi/coalition/Nabil harpo, the parliamentary session which will include withdrawal of confidence for Prime Minister Nouri al-Maliki, will be public and will public opinion media.
Harpo said in a statement (News Agency news) Sunday: State of law Coalition deputies and the Iraqi list mutual cessation on remarks about setting up MPs to withdraw confidence in Maliki, stating: that a vote of no confidence will be public and media will move public opinion and the will of the Iraqi people, it is with or against voting. Iraqi Deputy drew: that the number of signatories from the list to withdraw confidence numbering (79) out (88), and (8) refused to vote to withdraw confidence from Kirkuk and four were Deputy on the Turkmen front. In contrast, ruled out its decision the House Deputy from Rafidain list//name Youssef Boutros, complete legal votes to withdraw confidence from Prime Minister Maliki, and completed no quorum for a no-confidence motion, saying (for news): difficult to collect the voices of members of the House of representatives to withdraw confidence in Maliki, and I expect that number to apply this procedure, stating: If completed the quorum for votes in a House on this topic would not materialize./finished/7 n. p.
 
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Expert: the dollar is not linked to reduce or shut down unauthorized banking offices
Date: Sunday, 03-06-2012 01: 07 pm  
Baghdad (newsletter) ...The competent Minister in Economic Affairs, Ali dargham closed unauthorized banking offices does not affect the exchange rates of the dollar.
Ali (News Agency news) on Sunday: that the money supply in circulation in the market from the dollar are not affected by the shut down offices, curtailed because the Central Bank is controlled by the dollar exchange rate. He added: there is no link between Exchange offices and then the exchange rate of the dollar, is a profession to earn profits and make currency easier, but the Central Bank is controlled by the exchange rate of the dollar at the end. He said that some unauthorized offices help smuggling currency and money laundering, which hurt the economy and benefit, therefore, closed the market will support and enhance the control of the Central Bank on the financial situation and currency flow./21. d/s.
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Ministry of communications maintains a workshop on electronic cloud project

Date: Sunday, 03-06-2012 01: 13 pm  
Baghdad (newsletter) ... Communications Ministry has revealed that a Chinese company introduced the draft electronic cloud to discuss possible inclusion within development plans to enhance communications.
The Ministry said in a statement received (News Agency news) on Sunday: that the offer was through the establishment of the General company for telecommunications technical workshop on the draft electronic cloud in the presence of Minister Mohammed Tawfiq Allawi. He added: the workshop aimed at enhancing contacts with everything new from new technologies and which is one of the e-government applications, whereby the President is the formation of data center (DATA CENTER) associated with branches in ministries and other government departments and companies through cable or Internet. He said that this technique offers many advantages, such as shortening the time and effort, shorten (350)-b (30) hours only, in addition to information velocity immunity security devices used in the number and the abbreviation and maintenance had confined itself to only the screen associated with the central data./finished/d/s.
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Chairman of the parliamentary Economic Committee: Iraq becomes the seat of maviat smuggling hard currency
Date: Sunday, 03-06-2012 01: 30 pm  
Baghdad (newsletter) ...Economic Committee Chief Deputy/Iraqi/Ahmed Al-alwani list, a maviat aimed at transforming Iraq into an arena for money laundering and smuggling of foreign currency for neighbouring States.
He said Al-alwani (News Agency news) on Sunday: there were maviat aimed at transforming Iraq arena for money laundering and smuggling hard currency through some third party banking offices, certified that deals with some personalities to facilitate smuggling money into neighbouring States. Al-alwani said to: these mafias have emerged especially after Iran and Syria for an international economic embargo had found bad outlet for Iraq to obtain hard currency. And between: the security situation is stable and the preoccupation of politicians and others in Iraq's internal conflicts and lack of control over the exchange offices facilitated the smuggling of foreign currency to neighbouring States. And called on the Government and especially Al-alwani: Central Bank to a law limiting the work of banking offices and a certified third-party full control of all offices in all the governorates of Iraq. finished/21 s. p/
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Migration and migrants: return (186752) family of internal and external displacement
Date: Sunday, 03-06-2012 01: 35 pm  
Baghdad (newsletter) ...Statistical notes prepared by the information service in the Ministry of migration and migrants to return (186752) family of internal and external displacement of 28/5/2012.
Director General of the Ministry's information service called smallest Dausá told reporters Sunday that those numbers are actually returning families and registered in the database of the Ministry
 
He added: there are large numbers of displaced families willing to return to the original places of residence. Explained that this statistic Dausá: scattered (22782) from family and exodus (475) a family of displaced persons (the result) returns f (54941) family of returning migrants as well as return (3925) family of returning talent, bringing the total returnee families outside Iraq (86406), hosts who returned from displacement internal numbering (91296) in addition to the resettlement of returnee families (9525) families within the draft stability. And between Dausá: it causes really high numbers of returnees from abroad and inside the country's security stability especially lately as well as increased Iraqi Government grant and made four million Iraqi dinars, after one and a half million dinars. The capital recorded the greatest number of returnee families (90240) families returning from abroad and at home, displaced persons, migrants and competencies, and came second place in Diyala Governorate with return (32176) family of internal and external displacement, Basra was ranked third, with return (17941)./finished/y. n/
 
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Deputy calls for a legal amendment of the Central Bank and banks
   
  06/03/2012 0:00
BAGHDAD - Al Sabah
called on Vice-President of the Finance Committee Ahmed Hassan Faizullah, the need to amend the Central Bank and banks, to Tardahma with the Penal Code. said Faizullah: Most Iraqi laws legislated need for the amendments that it interferes with other laws and the considerable disruption and some paragraphs do not pour for the benefit of the country. He added that the Central Bank Law No. (56) of the Year (2004) and the Banking Law No. (94) for the year (2004) contrary to the Penal Code No. (111) of the Year (1969) rate, in addition to the translation of the law were not Legal Translation solid, making a reluctance to reduce the smuggling of foreign exchange and other non-legal. He pointed to: that the amendment of these laws will help the central bank to develop the financial sector and reduce the suffering of Iraqi citizens through the introduction of modern methods, in addition to that it does not allow speculators to transfer huge amounts of money outside the country illegally. 
  
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Gold recorded the biggest gain in 3 years
 06/03/2012 0:00
NEW YORK (Reuters) -
 jump gold by 4 percent, its biggest gain for a single day in more than three years after raising report disappointing about jobs in America and the worsening debt crisis Eurozone purchases from investors see more reasons to expect further quantitative easing by major central banks.
and increased employment report pressure on the Federal Reserve (U.S. central bank) to facilitate the monetary policy which is more than attractive precious metal as a hedge in times of economic uncertainty.
and Gold fell in early trading but recovered and went up $ 60 from the lowest level in the session as investors buy yellow metal after the report of the U.S. Department of Labor, which showed that the unemployment rate in the U.S. rose for the first time in 11 months.
and went up the price of gold for immediate sale 4.5 percent to 1629.41 dollars an ounce at the highest level in the session before retreating to 1624.20 dollars in late trading in the market New York, its biggest gain for a single day since January 2009.
and end the gold week up 3.5 percent, the biggest gain in a week since late January in January
and registered futures U.S. gold delivery in August settled at 1620.50 dollars an ounce, high 57.90 dollars after it stepped up during the session to level over a rise of 1632.0 dollars.
improved outlook Technical went after it fell near the level of support to the President at 1539 dollars an ounce, three times in two weeks, but he did not come down from that level at a time.
and ended the gold the month of May was down for the fourth consecutive month the longest losing streak monthly in 12 years. And his rise strongly on increased gold gains since the beginning of the year to around 4 percent.
Earlier this year, the gains gold 15 percent after the Fed said in January that he would keep interest rates near zero until late 2014 at least has introduces a new round of economic incentives or a program to buy assets.
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Towards the re-characterization of the economic system
  06/03/2012 0:00
D. The appearance of Mohammed
known as the System as a unit complex made ​​up of many different parts all subject to a general plan or as serving the target a public, and on this context, behaviorism U.S., for example, to present a concept of system is currently only the scope of more than a briefing in that there are passages segments made up of the structure of the system and clips are outside the system. And that the constituent sections of the structure of the system and sometimes called the limits or boundaries are the variables that are in the level of interactions is more intensive in its conduct and behavior than others. If these densities or limits or changes politically, they have a political system or with densities of social Vtkon social system or with densities of economic Vtkon economic system and so on.
In spite of this, the characterization of the economic system is one of the issues that can not be divested of its own school and currents ideology associated her, and on that basis, you know the writer of economic prestigious Joan Robinson Robinson in her book, the famous economic philosophy, economic system as: Unit requires a set of sentences with the availability of an ideology justifying those (provisions) and the level of consciousness enjoyed by any individual in ways that perseveres to achieve those verdicts, and on this basis must be the availability of Devices composed under which the economic system and works to perform the functions of three.:
First: that assist in the appointment of (is) more effective in the decision to move and mobilize resources among the various people from decision makers economic choice.
second : coordinates the activities of individual economic units. The sense that they help determine (how) make decisions.
And the third: working to make the economic decision-makers the option to order more in the order of priority. Any sense to assist in identifying (what) can take its decisions.
In this regard can be seen that the economic systems all share the goals of President of the three are:
 the efficient use and destruction of scarce resources, and equitable distribution of income (with the reservation being the case of a relative is very dependent of time and place in achieve that justice), and finally the growth in GDP over time.
and can be conceptually divided the means referred to above Devices that are the economic system to: tools tools and methods methods. And that the tools and methods are all answers to questions (from) f (what) in order to reflect on the composition of the economic system.
At the level of economic theory, we can conclude that there is a (two) and (tools) extremist in the allocation of economic resources represent two different models of the economic system and are highly competitive markets, the relative prices used in the allocation of resources and its opposite centrally directed economies in the use of material resources and their allocation. Lama (Aladatan Almtpartytan) in the understanding of resource allocation: the individual property to all means of production and its opposite public ownership of all means of production. Upon re-installation of the first method with the first tool, we get the model to full market competition, a model that does not exist on the ground. As well as when it is installed (the second method with the second tool) we get a specimen oriented or so-called Bmodel dictatorial economic idiomatically, this model is verified at the present time.
    Based on the foregoing, the counting characterization of the economic system of Iraq is necessary to diagnose the level of the shift in economic policy, the current after the experience of lived the country through more than half a decade in the midst of the framework of a rentier state central moving ideologically toward market democracy, but it stuck with wealth and GDP after Tatrt largely an economic model Nyuklashiki or a liberal to some extent, a paradigm that sees enthusiastically the importance of separating the market economy free and the business sector on the activity of the government. It was thought that the role of the government's economic excluding the oil sector rent-seeking discharge is limited to the exercise of its oversight function and supervision of overall economic activity and provide some basic public goods and leave the activity to swim or drown himself for the advancement of the burdens of development. Making the idea of consumer sovereignty overshadow the idea of the sovereignty of the product, whether at the level of the state budget or the level of the balance sheet in the behavior of the family unit. This is confirmed by the behavior of the general budget in the tyranny of its operating expenses and the rule of nature consumption of government-funded from the resources of oil rents, making the activity is strongly related to the activity the consumer to the government and prompt collection of the profit away from the access areas of the development of real investment, unless provided by the government in a grant, as reflected in By the phenomenon Alttoralsria to trade consumer goods and consumer finance in the extreme forms and low private productive activity to the lowest point in the history of the country's production. On this basis, printing of the economic system the phenomenon of the prevalence of rent collection, or the pursuit of rents as is termed rent seeking to be the day the center of one's mind activity in the abuse of economic activity and complexity with the economic activity of government, or perhaps can be said that activity intrudes parasitize clicks of the activity rentier state. The concept goes out the collection of rents or the pursuit of rents: the way you use the real resources of the country in order to capture the economic surplus, which is often collected in unearned revenue. Valnchat your much Maysay to push economic policy trends lead to the successes of nominal to Atold the scope of sustainable value-added and Toverwa often Mviaderantegeh or investment influential has the ability and the objective conditions on the sustainability of development, except to maximize the collection of rents, Kaltmta exemptions significant tax or benefit from the protectionist policies and a wide or immersion degradation issues currency exchange rates to generate economic activity is high cost Aacyr stability and Aessand development, a phenomenon that is called the right of the book Rowley, Tollison and Tullock (1988) in their book marked: the political economy of rent collection or seeking for rent, as successes lead to a collection of profit through Activities directly unproductive.
that the Iraqi economy in the conditions of the rentier current is when they need to Doractsada state facilitates partnership and integration with your activity, through the installation intellectual and methodological economic represents the return to Almarquintalah new economic and promoting the ideology of activities creative market, or so-called movement of supporters of corporate activity common - comprised of state ownership and the ownership of the individual together corporatists or rather what can be called Palmarkintalin new neo-mercantilists a view that sees economic alliance between the activity of the state and the business sector is a shift decisively toward economic performance and social optimum and high harmony and consensus in the generation of established pattern of sustainable development.
and us back the move to the old tradition and applications Almarquintalah or business of the seventeenth century, as it is believed Almarkintaliwn economic role of the active state in order to stimulate the export trade and to discourage the import of final goods and construction monopolies of a commercial that you will can help to strengthen the business sector and the power of government at the same time ( But wherever he was under the principle of up flags and flag up trade and commerce moving together). And notes that this idea still remain to the present day and adopted by power export vast emerging or Djioboltk new, and in particular China, which Aghernt power of the state wealth to reach the balance of trade surplus, as well as promote the continued strength of the political and military have by highlighting the role of the state - nation nation state in economic life or Mistalh today's economy of force for the redistribution of capital accumulation of the Central and the restoration of the economic surplus historic fishing world.
and despite the fact that Adam Smith and his followers in interpreting the wealth of nations to have won the battle of intellectual until the present time between two models of capitalism I mean by the model of free market about the form Almarquintala new, but the facts on the ground has shown a lot of ambiguity in the treatise Wealth of Nations. Growth leading to Japan in the past decades, particularly a contract fifties and sixties and South Korea in the sixties and the eighties my contract and China since the early eighties all economies have shown that there is an active role of the government leads along with the extensive activities performed by the private business sector. All these activities have stimulated investment and exports are widely and reduced the opportunities for import. As China is today at the highest level of savings and the highest level of economic surplus in recent years to use the teachings Almarquintalah widely. And the idea of Adam Smith in his famous book Wealth of Nations (1776) and accused him of Markintalin that they are people who did not distinguish between the (wealth) and what can be called (Palmzjurat or treasures) indicating that the accumulation Almzjurat of gold and silver and achieve the balance of trade surplus, as he wanted Almarkintaliwn is just a means of For a wealth of perishable goods for consumption or use and have found what really contradicted models of capitalism. As demonstrated schools Almarquintalah new that the capitalist model quo - of Tzafarnchat the state and the market - is the model most successful in the development and adopted by the emerging markets in China and Brazil, Russia, India is a dispute doctrine Liberal absolute wealth of nations.
Our country is dominated by the state rate was probably Nearly 80 percent of gross domestic product in the time the urban to leave the rate of 20 percent, or slightly more to the private activity, is today desperately need an economic system Marquintala new can discover the close relationship between the activities of the State Economic and private business to promote development and re-characterization of the relationship and re-structuring away for ambiguity led schools liberal Awalclaskih new cycle of economic life to third world nations, especially the financial and economic crisis of the current international has demonstrated the role of the United Almarquintalah new and thought Almarquintala in restoring stability and growth to the global economy.
reflects the fact analytic, after excluding the oil sector of the components of GDP, the dominance of the private sector on the proportion of nearly 65 percent of the total overall activity of the country, but it's really unfortunate we find that 65 percent of this activity, this applies to service the sovereignty of the activities of a weak link Awalastosmara real productive activities, which the market has become an incubator for the actual unemployment. Accordingly, the approach being heavily from the liberal thought Awalenzat neo-classical, which sees the state model as simply a means by means of which Hama Avelatonaon of consumer sovereignty, as they say in the literature of economic Platonic guardians of consumer sovereignty has to be left off and the shift towards investment and partnership between the public and private , the promise of this partnership possible alternative through the availability of factors of a central head of the legal framework that governs partnerships, both public and private sectors and procedures for the selection and implementation of partnerships and du public finance in this context and the contractual obligations which they are based partnership, as well as transparency and full disclosure of all risks faced by them money year, make it clear that public money and simplified way for researchers for rent or rent collection rent seekers Alygrar what is prevalent at the present time.
that partnership in the rentier state is the way real transformation of the central economic to market democracy and put the proceeds of oil and overall revenues at the wheel of the real investment for the economy free and restructuring of the private sector and change the reality fragile by generating the momentum of investment companies and production companies to contribute to creative market and binoculars for the welfare of the economic and social development and strengthen the chances of production and use in the formal labor market and to ensure that the individual strongly community cooperative based upon and Bmstrkath all. And this has to be replaced by the capitalist mode of state rentier-type phase of neo-classical quo that has lost the economic development position desired to the capitalist mode Almarquintala new, and in a way strengthens opportunities for development resources of the nation and the wealth of existing and prevent the country from the central economic and spaces of thought neoclassical in describing the movements of the market and the state ( an economic pattern of the current political, which has lost the country, many of the conditions of objectivity in the economic and social development) to the pattern depth of market democracy and the vision Marquintalah new, strong generation of strategic partnership between the market and the rentier state, combine the two power and wealth in Gioboltk Iraqi talk.
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Oil: $ 39 billion in export earnings since the beginning of 2012
06/03/2012 0:00
Agreement on investment fields in common with Iran,
Baghdad, Qassim Hilfi
revenue export crude for the months the last five years about $ 39 billion, at the time agreed when oil minister, Abdul Karim and coffee with his Iranian counterpart, Rustam Ghasemi the investment of the common fields between the two countries. was announced by a spokesman for the Ministry of Oil Asim Jihad, explaining in a statement the "morning," said the Ministers of Oil of Iraq and Iran signed a memorandum of the minutes of a meeting held between the delegations of the two countries in the ministry's headquarters in Baghdad yesterday, which included emphasis on strengthening bilateral relations between the two countries in various fields of oil operations include exploration, drilling and extraction, training and exchange of information and expertise and joint coordination of the Organization of Petroleum Exporting Countries (OPEC). He added that the conferees stressed their desire to speed up to reach a final agreement on the optimum use of common fields between the two countries, especially after the end the technical delegation of the Ministry of Oil concerned the issue of his talks in Iran with his counterpart from the Ministry of Iran's oil . Jihad said that Iraq's oil minister stressed the need to strengthen relations between the two countries, especially that Iran is one of the key countries in the (OPEC) called on Iranian companies sober in the oil field to participate in the projects of the ministry of investment and development. the other hand, revealed Jihad for the Ministry of Oil revenues amounted to about $ 39 billion during the past five months of this year, noting that exports last May amounted to 2.452 million barrels per day, the highest compared to April, which amounted to 2,000,508 thousand barrels per day, citing the difference per day between the months which denotes the high daily sales for the export of crude oil. He added that these figures do not include sales of the Kurdistan region, which stopped two months ago, revealing that the addition of Akiem exports sold from the region will raise the number export good rate, because the revenue months of April and May and the total amount of 61 days up to nearly one billion and $ 118 million divided into more than $ 551 million for the month of April and nearly $ 567 million in the month of May, the adoption of the average price per barrel to $ 105.
 
 
http://www.alsabaah.com/ArticleShow.aspx?ID=28430             


Surprise last minute request may have to wait to withdraw confidence
06/03/2012 0:00
National agreed on the mechanism of consensus and the accession of 40 MPs for refusing the demands of the paper Erbil,
Baghdad - morning - Alaa al-Tai
make sure yesterday was uncovered by the "morning" of splits within the blocks claim to withdraw confidence from the government, as it emerged two developments Two new, I went 40 MPs, mostly from the Iraqi List to hold a news conference to announce their refusal to withdraw confidence, and the second detection of the determination of some of the blocks to change their positions stated after the meetings of Erbil, Najaf, Sulaymaniyah, what promise watchers surprise last minute.
with the survival of all the possibilities wide open until yesterday, despite a tendency cuff decline the request for withdrawal of confidence or his failure, he decided to President Jalal Talabani to ensure himself of campaign signatures of no confidence, according to what the National Alliance MP Hussein Safi, who said that "there are deputies contacted the President of the Republic directly and informed him that they did not sign these signatures, and did not take their opinion and they do feel Bagheiz and not respect their views and vision on this subject .. They feel that the bloc does not respect their opinion, and it took confiscated their views in this direction are MPs, and national and expressing the interest of the people. "And revealed the political sources of the" morning "of the existence of divisions within the blocs seeking to withdraw confidence from the government after the statement meeting Dukan latter, indicating that" some members of the Iraqi List and the Kurdistan Alliance, seeking to hold an extraordinary session of parliament next Tuesday or next week, "but it pointed out that the president renewed his rejection of a meeting Dukan submit a request to withdraw confidence from the government.
In the part of the post, an MP from a coalition of state law Mohammed Chihod "morning": that "the National Alliance, said in a meeting yesterday and was attended by the Sadrists importance of the agreement on assurances prior consolidation of the National Alliance as it is the right of any of its components to be put to the point of view and discussed, but is not obligated for the rest of the coalition parties, but the consensus components of the alliance is binding on all its components according to mechanisms agreed upon. "
He Chihod: "The meeting stressed the adherence to the initiative of President of the Republic because it is the road map for all the blocks and the solution to the current crisis."
also revealed Chihod the desire of MPs from different blocks conference declaring it did not consent to the project confidence, adding that the 40 deputies, and the blocks to which they belong have is the "Iraqi white, free and block national and some deputies of the Iraqi List."
in turn, said the leadership of the Kurdistan Alliance, Mahmoud Othman said "the process of withdrawal of confidence you need to question the constitutional process."
said Osman "morning": that "the political movement and meetings blocs continue, and that the final scene determined understandings that can result from these meetings and in response the coalition to the desire of the blocks in the political reforms and discuss their demands seriously may be the key to the solution to the current crisis."
and joined the movement Assyrian Council House of Representatives yesterday to the blocks of refusing to withdraw confidence from the government, where he became the number of clusters rejecting 10 blocks, with said block change by saying: "We are not participants in this government did not vote for her, nor did we give confidence to Nshabha of them."
and one day after the invitation of the leader of the Sadrist movement, Mr. Moqtada al-Sadr to hold a referendum on the withdrawal of confidence from the government, politicians count in an exclusive statement to "morning", the call for "positive" and try to engage the Iraqi street, on issues affecting the state.  
http://www.alsabaah.com/ArticleShow.aspx?ID=28412             


June 3, 2012 - 12:00 AM 
Deputy for white: Deputy of the Iraqi al-Qaeda threatened me if I did not vote to withdraw confidence
Revealed the MP for the Iraqi bloc free cream slain deputies that one of the Iraqi List, liquidation threatened by al-Qaeda in the event of not signing to withdraw confidence from the Maliki
She said that Jourani deputy who was not named for security reasons he called me five times in the late hours of the night and Khirna between the no-confidence vote on the liquidation or by al-Qaeda "
Rebounds
http://www.non14.net//34905.htm              

 
Deputy for the Kurdish political blocs accused of fudging on the application of Article 140
 East / Sri-Azzawi
Posted        03/06/2012 05:25 AM     Baghdad: Political analysts believe that the blocks of the National Alliance and the Iraqi List has more of an opinion on the application of Article 140 of the Constitution of the report of the fate of Kirkuk and disputed areas. Analysts believe that all the blocks are afraid the Iraqi street, and this tends to (high sensitivity) in a case dealing with this material even in the domain of Parliament. The Kurdistan Alliance Takovah also essential in the handling of the problem. And stresses the Kurdistan Alliance MP Hassan Jihad on the application of Article 140 of the Constitution, they returned them (addressing democracy and there is no other choice but to apply this rule). He said in an exclusive statement to (East): "There is a chill in other alliances, and also there is the withdrawal of the application of Article 140 of that government must be committed to its application, especially the executive power must be careful to abide by the Constitution and the application of its provisions." Jihad said that "Article 140 is part of the Constitution and imposed on the prime minister to stick. Prior to his government that declared this to the public, especially when he pointed out (we will work on the implementation of Article 140). " Jihad said adding: "But now we find that there is a withdrawal and abdication on the application of this Article," and expressed regret, saying that "there are those who do not want to implement the constitutional article 140 because they want to keep things suspended in these areas as they are and not Egged solutions to them so they do not have no choice but to implement the road map this article. "
 
 
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Hamid al-Mutlaq: we will regret if we withdraw confidence from the al-Maliki!
 Posted        03/06/2012 05:23 AM    
BAGHDAD / follow-up to the East: The leader of the / the Iraqi List / her deputy and Hamid al-Mutlaq, may regret it if everyone were to withdraw confidence from the government of Nouri al-Maliki, adding that it remains at the mercy of the parliament. Mutlaq said at a news conference on Saturday, in the building of the National Dialogue Front in Baghdad: There is within the list of Iraq stood against the withdrawal of confidence and there standing with the withdrawal of confidence from the government, but I, personally, I stand with the fix, but unfortunately this reform, let him for a long time did not reconcile it and we have to go to the parliament and resolve this issue. He said al-Mutlaq: Most of the Iraqi brothers in Kurdistan and much of the brothers in the National Alliance and arrived at the final stage is to provide the names adequate to the issue of withdrawal of confidence, and the subject is now entrusted to the president, Jalal Talabani, in order to submit to the Council of Representatives and the paper to withdraw confidence from the government of Maliki, adding to: that he might regret if we withdraw confidence because he may not get the person taking the call was better than that, but we leave this issue to resolve in a democratic parliament. He al-Mutlaq: The Who speaks for the existence of fraud in the signatures that you want to withdraw confidence from the government, it is better to be no unified position by the political blocs through the "cut off any doubt" in the parliament through the mechanism followed by the Presidency of the Council of Representatives about it.
 
 
  http://www.almashriqnews.com/inp/view.asp?ID=21008
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Law (warning) from the consequences of withdrawal of confidence from the Maliki

 Orient / private
 Posted        03/06/2012 05:17 AM     Baghdad: MP for the coalition of state law Adnan OS that there are internal divisions in the Iraqi List, on the withdrawal of confidence from the current government. Indicating that the block is one of the blocks Karbouli which refused to sign the withdrawal of confidence and therefore will not be withdrawing confidence from the government because they will not be able to collect the votes. He said in an exclusive statement to (the East) that "there are some MPs the Iraqi List, wants the complaint against Iraq, considering that some MPs had signed on their behalf as well as change the tone of Mr. Muqtada al-Sadr to the subject, all of the reasons for referring to a lack of willingness to withdraw confidence from the al-Maliki." He added that the OS "out of topic that has not been confirmed the possibility of withdrawal of confidence, even with the preparation necessary for this matter considering that the tense political climate and the security file maintained by Prime Minister Nuri al-Maliki, who has achieved great success would collapse after the withdrawal of confidence from the government." OS said that "a coalition of state law does not care about the subject of withdrawal of confidence from the government as far as stabilizing the security situation and political spaces, water, and this agrees with us by the most professional politicians, as well as President Jalal Talabani, who said that in more than one statement." He continued that "the process of withdrawal of confidence of a democratic process, but must follow the process and the foundations of democracy and the urgent need for a majority government, as well as the political circumstances and if available, as well as its potential to dissolve parliament and call early elections is one of the options before us."
 
 http://www.almashriqnews.com/inp/view.asp?ID=21007


Abtan demanding the Electoral Commission to speed up the budget to send the provincial elections

03.06.2012 | (Voice of Iraq) - add comment - 
BAGHDAD - The Euphrates News MP on the mass of 'Abdul-Hussein Abtan the Electoral Commission for elections to speed to send the budget required for the provincial elections in the center and south. worth noting that the Commission Board discussed the start the necessary preparations to hold elections of Iraq's provinces to be held at the beginning of next year, and budget preparation speculative necessary and discussed in detail with the departments the National Office as well as addressing the legal framework, taking into consideration amending the election law. said Abtan told {Euphrates News} on Sunday that "any delay will have to send the budget or allocated by the Council of Ministers will cause delay in the elections for provincial councils," he said, adding that "this is not acceptable at all." He said that "the Commission to speed up the subject and notice of the House of Representatives and the relevant authorities to send the budget required." and demanded Abtan "Council of Ministers and the government to speed up the allocation of the amounts required for the Independent High Commission for the elections." It is due to hold provincial elections early next year, according to the announcement by the Electoral Commission for elections, after the near end of the mandate of the provincial councils, which swallow the current four-year Antkhabtha that took place in 2009.     Read more: http://www.sotaliraq.com/mobile-news.php?id=59459#ixzz1wjoehbai         


Planning announced that the unemployment rate in Iraq stood at 16%, poverty 11%
03.06.2012 | (Voice of Iraq) - add comment - 
Alsumaria News / Karbala, said the Ministry of Planning and Development Cooperation, Sunday, that the rate of unemployment in Iraq amounted to about 16%, while confirming that the poverty rate reached about 11%, a sign that it intends to contract with foreign companies to inspect the goods at border crossing points. said Planning Minister Ali Yousef Shukri said in an interview for "Alsumaria News", on the sidelines of a visit to the city of Karbala, today, that "the ministry's statistics indicate that unemployment rate in Iraqi society, 16%," noting that "the level of poverty was about 11%." said Shukri, that "poverty and unemployment rates in the country stepped Descending with the improvement of the national income and the space of investment and construction projects and service," adding that "The creation of new job opportunities through these projects inevitably leads to reduced rates of poverty and unemployment." On the other hand, revealed Shukri for the determination of his ministry "contracting with foreign companies, new specialized examination of goods at border crossings," asserting that "the cancellation of contracts with a number of companies as they waited their work and we are going with new companies in a matter of weeks." He Shukri that "the Ministry of Planning prepare a list of companies lagging in the implementation of projects service and construction contracting with the State to implement them across the country, "adding that" in response to the decision of the prime minister, recently released, you will not transmit any project for the company reluctant. " The Diabetes that his ministry will not only to "punish these companies but we will develop a database containing the names of the directors and heads of boards of directors of those companies will not agree to refer any project to companies run by these people. " Iraq has suffered from high unemployment, both among young people who are unable to work or between university graduates, and believed by some economists that the statistical estimates for these young people do not necessarily reflect the reality already present. little that the Ministry of Planning and Development Cooperation, announced (17 October 2011), that the Iraqi government has allocated more than 700 billion dinars to support the strategy of poverty alleviation in the country, saying it aims to reduce the incidence of poverty from 23% to 16% in 2014.     Read more: http://www.sotaliraq.com/mobile-news.php?id=59458#ixzz1wjoxkN92           


Parliament mandated the retirement grant distribution on the body of retired and amend the law
2012-06-03    
 Baghdad/JD/...The parliamentary Finance Committee affirmed its public retirement Commission follow-up to amending the law to include retirees who retired before the law amended in 2008. Committee member and Deputy Secretary of the law for hade States/JD/"Financial Director" mandated parliamentary body altkaadh General auweid "to follow modified pension law to include who retired before the enactment of the revised retirement four years ago." He was commissioned as "Bob" body "distributing grants board installed in the 2012 budget." And Bob "retirees who have their retirement 400,000 as covered by the grant scheme". He is a member of the parliamentary Finance Committee and Attorney for the State of law that the amount of the grant of pension of 600,000 and be distributed to three batches of 200 in each batch. " The Prime Minister and the House of study recognized form you picked State employees ' salaries and retired, but work on peace currently disabled due to holiday house legislative income./finished/Nazik Mohammed khudair http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.dananernews.com%2FNews_Details.php%3FID%3D874   


Foreign relations calling for the development of Iraqi banks through the Convention with America
2012-06-02    
 Baghdad/JD/...The parliamentary Foreign Relations Committee called on the United States to support the Iraqi banking and financial side through the Iraqi banks technology development and human development. Committee member and Deputy from Rafidain list for Imad John/JD/"strategic Convention between Iraq and America included support for economic, cultural and military, including the banking sector which needs to introduce new developments of Iraqi banks." John said "that Iraq need technological development in the banking sector, as well as human development working in banks", set "that staff and managers at banks with expertise and service but old in banking was governed centrally." He is a member of the parliamentary foreign Committee and a Deputy from the Rafidain list that "the country needs the support of the United States and European countries to the economic side. Iraqi Finance Minister Rafe Al-Issawi received US Ambassador in Iraq ended its James Jeffrey and discuss economic issues in addition to current political conditions. Financial said in a press release received a copy/JD/"that Al-Issawi met Jeffrey and a number of accompanying him from the US Treasury Department to mark the end of his duties in Baghdad." She pointed out that "the two sides reviewed the economic and financial matters relating to the work of the Ministry of Finance of Iraq." "The parties reaffirmed the importance of developing the banking and financial sector in the country to support the US Treasury Department and the World Bank." Iraqi Finance Ministry noted in a statement that "the two sides discussed developments in the current political crisis, and stressed the need to resolve contentious issues between all the political components through constructive dialogue and away from nervous attitudes complicate the political process in Iraq"./finished/Nazik Mohammed khudair

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Deputy Chairman of the Finance Committee to amend the legal Central Bank and banks for their clash with penal
Date: Saturday, 02-06-2012 11: 37 am  
Baghdad (newsletter) ... Vice Chairman of the Finance Committee Deputy/Coalition blocs alkordstanet/Ahmed Hassan feyzullah, need to adjust the legal Central Bank and banks, their conflict with the criminal law.
He said Faizullah (News Agency news) on Saturday: most laws enacting amendments needed for Iraq that it interferes with other laws and faulty and some paragraphs do not feed to the benefit of the country. He added: the Central Bank Act No. (56) of the year (2004) and the Banking Act No. (94) of the year (2004) contrary to the Penal Code No. 111 of the year (1969), as amended, in addition to the translation of law not legal translation, make a strong reluctance to limit foreign currency smuggling and other illegal. Noted: that the amendment to these laws will help the Central Bank on financial sector development and ease the suffering of Iraqi citizens through entered modern methods, plus it does not allow speculators to convert a huge funds outside the country illegally./finished/8. d/s.
 
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The parliamentary Economic Committee: Ministry of trade until resolving outstanding problems with Kuwait carry out free markets in Safwan
Date: Saturday, 02-06-2012 01: 00  
Baghdad (newsletter) ...The parliamentary Economic Committee revealed that the Ministry of Commerce waiting solve problems and pending files between Iraq and Kuwait for free market project in Safwan.
Member of the Committee, the National Alliance Deputy//Ibrahim Rikabi (News Agency news) on Saturday: the idea of a free market between Iraq and Kuwait is the idea of planned and existing and ready as well as with other neighboring countries that apply this project regards the outstanding problems between the two countries if not solved problems permanently expire as required in the interest of Iraq cannot complete this project Rikabi said: commercial project and is considered good projects and is present in all countries of the world where the existence of such a project is important because it will create reciprocal trade relations between Iraq and neighbouring countries and thus contribute to supporting the national economy At this time, awaiting Iraq solve all problems with neighboring Kuwait, especially those relating to the demarcation of the border and joint oil wells through joint commissions established for this purpose. Iraqi-Kuwaiti relations have recently made progress in relation to solve some of the problems outstanding, as agreed during the visit of Prime Minister Nouri al-Maliki's recent Kuwait (14 March 2012) on the termination of a case, compensation for KAC and the maintenance tags border as agreed foundations and common frameworks to resolve all files contained short timetables with Foreign Minister Hoshyar Zebari who accompanied Al-Maliki visit that what has been agreed is considerable progress with regard to exit from Iraq Chapter VII./finished/3 n. p.
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State of law: Qatar and Turkey and Saudi Arabia paid 3 million dollars for a Deputy who voted no-confidence on Maliki
Date: Saturday, 02-06-2012 02: 01 pm  
Baghdad (newsletter) ... Detection of leadership in the State of law Coalition Deputy//National Alliance, the State of Ihsan Al-Awadi Qatar and Saudi Arabia and Turkey, made $ 500 million dollars to withdraw confidence from Prime Minister Maliki, and each Deputy vote no-confidence pushes him (3) million.
Al-Awadi said in a statement (News Agency news) on Saturday: Egypt-comrades to withdraw confidence from Prime Minister Maliki, unlike what the Kurdish and Iraqi list Coalition, strengthened this invitation for a referendum on the withdrawal of confidence. Al-Awadi said: "there is no information indicating that the scheme of Turkey States and Qatar and Saudi Arabia, to withdraw confidence in Maliki, and the amounts of such a State is allocated 500 million dollars, to apply this theme", stating: "the Congress opposition blocs of Maliki's work, paid each of them the amount of (2), (3) million dollars to withdraw confidence in Maliki in the absence of signature cloud threat or coercion".(Saying). The spokesperson/Iraqi/coalition, aldmlogi Mason asked the Prime Minister to resign in order to preserve the dignity of the individual, indicating that people want a change of Government for not providing security services and the continuing violations, saying (for news): Prime Minister Nouri al-Maliki to resign in order to preserve the dignity and the dignity of the people, especially since there is a national consensus to withdraw confidence from./finished/7 n. p.
 
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Member of the Committee on energy: fourth round of licences will surge in oil exports
Date: Saturday, 02-06-2012 02: 26 pm  
Baghdad (newsletter) ... Member of Committee on oil and energy Deputy/block/National Alliance Baha Gamaleldin, fourth round, is an exploratory round will jump great quality to increase oil exports.
Said Gamal Eddin (News Agency news) on Saturday: fourth round of licenses differ from previous rounds as an exploratory round investment and complementary to the three rounds, noting the presence of large quantities of crude size depends on the corporate explorations in southern and some western regions. He added: the southern regions were referred to the company (Kuyt alitrgi) to explore oil and gas in al-Sayafa area and in some areas of Basra previously unexplored. Among the possibilities that these companies are not available to local firms, thus these companies will train Iraqi cadres and give them experience over high oil production in the coming years./finished/21. d/s.
 
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Governor Qar: investment in maintenance is slow because of the absence of his pull factors
Date: Saturday, 02-06-2012 08: 13 am  
Qar (newsletter) ... Returned wallets Qar Allah causes weakness of the movement called investment in maintenance in the absence of motivational factors making investors providing them.
Allah said to the reporter (News Agency news): investment movement in Dhi Qar governorate that investment remains slow need incentives and attractive ways to make investors provide for investment. He said these factors being maintained are obviously not sacred and provinces which have a raised border provinces or religious and not capital. He said oil companies have cravings to enter maintenance oil fields to invest enjoyed by the QAR, while other investment companies is lacking but its slow. And between: Executive and legislative Governments in conservation and investment body Qar strive to attract investment in the Dhi Qar governorate and the advancement of their investment and service./finished/23 n. p
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Expert: rounds to revive the economy and development licenses petroleum industries
Date: Saturday, 02-06-2012 10: 32 am  
Baghdad (newsletter) ...Outweighed the economic expert of maytham would, the Iraqi oil sector development and the expansion of exports as a result of ongoing licensing rounds, noting that it provides an excellent opportunity to contact local companies with global counterparts broad experience.
He would (for the news agency news) on Saturday: oil and gas licensing rounds would spur economic situation, indicating that Iraq is trying to diversify to make basket investing States gain experience more local companies. He added: the Dutch companies in the fifties of the last century used British companies to invest in the oil and gas sector where the company started (baddi) British Petroleum to invest in baddi and a year later became the Netherlands Dutch companies possess significant experience, which now exist for investment in Iraq, stating that Gulf companies gained experience from foreign companies and investment in Iraq won the day. He added: after the 2003 international problems have become an obstacle to the entry of companies to invest in Iraq, including financial and political problems, but Arabic has moved the quality Summit in international relations with Iraq, particularly the Gulf States and strengthen political and economic position. He said that the theory (fill pans), oil on oil countries must guard to increase wages and salaries growth and General sectors to revive market to decrease State revenues and after all these positive indicators increases returns. He noted: the economics and politics in Iraq go together, whenever the political situation is stable and reflects positively on the economic situation and thus coherent political situation becomes. finished/21. d/s.
 
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Central plans to convert the private banks to large financial institutions
02/06/2012 0:00
Baghdad Al-Sabah
stressed that the Iraqi Central Bank plans to convert the private banks to large financial institutions after the approval of the Government to amend Law No. 94 of 2004 on the integration of small private banks government banks.
Deputy Governor of Bank of the appearance of Mohammed for (news center for the Iraqi Media Network) that "the central bank does not currently have the legal authority for the integration of private banks, but has the power to persuade banks to merge literary capacity." He explained that the appearance of "the central bank awaiting the approval of the Government to Amendment Act No. 94 of 2004 private banks to merge with the government to make large financial institutions.
He added that "the government banks with a dominant 92 percent on the domestic market and that private banks do not exceed 10 percent of its hegemony and do not take the space of the Iraqi market. "and concluded by saying:" Upon approval of the Government to integrate the private banks the Central Bank will deal with all government and private banks on the same laws recognized when the central bank. "The Central Bank of Iraq confirms that the number of private banks arrived in Iraq to 40 banks while capital is still weak and need to be that banks more aggressive with each other to form a strong capital. and seeks the Iraqi Central Bank to restructure the private banks in line with the general structure of the Iraqi market and the nature of his relationship with other global markets.
   http://www.alsabaah.com/ArticleShow.aspx?ID=28338    



Vice Chairman of the Finance Committee calls for a legal amendment of the Central Bank and the banks of the Penal Code with Tardahma
2/6/2012 | (Voice of Iraq) - add comment -
Baghdad (news) called on Vice-President of the Finance Committee MP for the Kurdish coalition blocs Ahmed Hassan Faizullah, the need to amend the Central Bank and banks, to Tardahma with the Penal Code. said Faizullah (of the Agency news) on Saturday: Most Iraqi laws legislated need for the amendments it interferes with other laws and the considerable disruption and some paragraphs do not serve the interest of the country. He added that the Central Bank Law No. (56) of the Year (2004) and the Banking Law No. (94) for the year (2004) contrary to the Penal Code No. (111) of the Year (1969) rate, in addition to the translation of the law were not legal translations solid, making a delay in reducing the smuggling of foreign exchange and other non-legal. He pointed to: that the amendment of these laws will help the central bank to develop the financial sector and reduce the suffering of Iraqi citizens from through the introduction of modern methods, in addition to that it does not allow speculators to transfer huge amounts of money outside the country illegally.

http://www.sotaliraq.com/mobile-news.php?id=59255#ixzz1wdMZUTFU