04/12/12 IRAQ NEWS SUMMARY

by **ADMIN** Thu Apr 12, 2012 10:35 am

Maliki's coalition: fears of the impact of the Government to the Central Bank and a fake and an attempt to increase political conflict
Article 2/2 of the Law on Central Bank of Iraq 56 of 2004 on the "pursuit of the objectives of the Central Bank of Iraq and to accomplish its tasks, the Central Bank of Iraq independent and responsible as provided for in this Act, except as determined contrary to this law, will not receive the CBI instructions from any entity or person or institution, including government institutions, and will respect the independence of the Central Bank of Iraq can not be anyone of influence and improper for any member of the decision-making body in the Central Bank of Iraq during the performance of his duties at the bank or to interfere in the activities of the Central Bank of Iraq. "
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Central bank: the high price of the dollar bubble will disappear gradually
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for "Alsumaria News", "The Bank has become a market-funded trade of neighboring countries and pumping is finished," attributing the reasons for the high exchange rate of the dollar against the Iraqi dinar in the local markets to withdrawals of large and abnormal during the sessions conducted by the day. "
Saleh said that "this increase in the local market a bubble will disappear gradually," noting that "the bank has procedures to ensure that dispel the bubble by searching on the students the real currency of the citizens to meet the Iraqi economy, and not ghosts and unknown."
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Maltese expert discovers the largest oil field in Iraq under Sadr City
Wednesday, the oil expert from Malta working with the Iraqi Ministry of Oil discovered what might be called the largest oil field in Iraq under Sadr City in eastern Baghdad, and as pointed out that the reserve field of more than eight billion barrels, pointed out that the field needs to drill hundreds of wells to get him to the asymptotic level of production capacity.
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Central Bank of Iraq .. Isolated island
After eight years on the new system, having got rid of the bulk of the indebtedness and dependency supposedly got rid of the pressure and control the IMF, which put Recipes repair and maintain the central bank more expensive in adhering to it, which required the Fund, has been recorded in the writings of past and here I register sockets on monetary policy in the past years and to this day as in the following:
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Fifty Kuwaiti companies to enter Iraq
The Kuwaiti Embassy in Baghdad announced today that 50 Kuwaiti companies will begin work in Iraq at the end of this month.
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Independence of the central bank .. And consultation with the Government .. Prerequisites for the success of monetary policy
The budget and levies are the most important tools of fiscal policy .. And currency and related tools are the most important monetary policy .. Was assigned responsibility for that fiscal policy is the Ministry of Finance .. The central bank's monetary policy as the Bank of Banks, according to the Constitution and the law of financial management, public debt, No. 95 (2004 Amendment) and the Central Bank Law No. 56 (2004 Amendment). And set of fiscal and monetary policies are under the control and approval of Parliament .. Valmoisna prepared by the government and discussed in the Parliament recognizes
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Iraq parliament tells cabinet not to meddle in central bank policy
Iraq's parliament has sent a letter to the cabinet telling it not to interfere in monetary policy, a parliamentary source said, in a skirmish over central bank independence that reflects concerns over the extent of Prime Minister Nuri al-Maliki's influence. Maliki won a court ruling in January 2011 putting independent bodies like the Central Bank of Iraq under the cabinet, alarming critics who view with suspicion signs of authoritarianism in some of his actions.
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State of Law: All agreed to approve oil and gas law
Awadi, everyone agrees that the legislation on oil and gas law, provided that there are measures in the House of Representatives and the Committee for the oil and energy to the enactment of this Act. He said in a statement to (the people) that there Marqlat and the first of the draft law submitted by the government as well as the proposal came from the House of Representatives.
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U.S. magazine Foreign Affairs: Maliki heads a regime dominated by corruption and brutality and the law is used as a tool against his opponents
"The methods adopted by the Prime Minister but is a repetition of the patterns adopted by his predecessors during the monarchies that followed the Ottoman rule, through the Prime Minister of Iraq, the first Abdul Karim Qasim and down to Saddam Hussein and based argument (set yourself first and Protect Authority security apparatus to Aarahm) and that al-Maliki The weakening of the safeguards of democracy and anti-corruption agencies to use in targeting political enemies as well as his authoritarian style and favoritism, which may lead to the end of his authority and push Iraq into civil war again. "
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MPs reveal the existence of two divisions of the U.S. military to Iraq and now in the knowledge of the government
The other hand, MP for the Iraqi List, Hamid al-Mutlaq, a member of the security and defense committee in Parliament that the U.S. occupation of Iraq did not come out, but came out as an army, but they have remained the centers of power in influencing the Iraqi decision.
He said in a press statement that what is happening today in the country is an extension of the project and that the presence of the U.S. American agenda in Iraq is to implement this project, which is not complete and that the U.S. occupation and since the beginning it was not honest with the Iraqi people in all subjects.
Adding that the Americans out of Iraq, thanks to the resistance of the Iraqis and the unity and not by the Iraqi negotiator and we as politicians and the Iraqi people do not know what the terms of this agreement is not submitted to parliament for debate or on the Iraqi people to see it so you do not know that there were military forces operating secretly in Iraq.
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Recommendation requiring the United States issued a presidential decree for the protection of Iraq's money abroad
The Committee deliberated the procedures and steps to be pursued to protect Iraqi funds and assets deposited abroad, especially with the imminent expiration of the protection provided by the U.S. presidential decision for the money and assets until next May.
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The end of U.S. protection of Iraqi funds nearing their exposure amid fears of an Iraqi looting under Compensation
Central Bank of Iraq is the cover of the Iraqi currency, estimated at more than $ 50 billion spread over several countries, but the assets of the central bank and put different accounts of the Iraqi government because the bank is able to pull his money out of an incubator freeze we are an independent body which is not a money business and that everyone respects the bank and its funds, funds that are not subject to reservations and prosecutions. and expert bank said the delegation who went to negotiate in the United States on the agreement included representatives from the Ministry of Finance and Foreign Affairs and the Central Bank Iraq and the Iraqi government.
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Central: high dollar won't last ... And actions taken to reduce
Saleh said: "the Government should move urgently to stop Iraqi and off touchdown slump the saving work before the hard currency to a series of measures including stopping and preventing smuggling hard currency abroad and non-interference in the work of the Central Bank of Iraq".
He added: "the enemies of Iraq wanted to destroy the Iraqi economy to not leave for Iraq Foundation is based on the" collapse of the economy will cause a major crisis added to other crises.
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The role of speculators driving up oil prices globally
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Suction dollar// U.S. dollar rise against the dinar, is escalating the dispute between the legislature and the executive branch
Issue price of the dollar being the form in which it is now of serious and sensitive issues facing the Iraqi currency, and especially the Iraqi state in general. It is not a sign of health to decline in the currency price of oil, like Iraq, against the dollar. We replace our oil dollars in practice. When the dollar drops, this decline to eat of the cliff of our national wealth that may be better for us to keep it in the ground, if possible, that we sell for currency continues to challenge our national currency.
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Calls for a speed meeting the national and reset crises between the political blocs
Used to the citizen and after nine years on the change in Iraq after the ninth of April 2003 on a number of new terms, which removed the turn terminology system dictatorial regime, and opened a cognitive in the memory of the Iraqi citizen, and led him to think in the course of daily events, and Misamah of News and statements are conflicting or contradictory of this political bloc or that in this case or that.
And took the citizen looking for places of those terms, compatibility, interoperability, national unity, national partnership, transparency, partnership, majority, as well as outstanding problems or disputed areas or disputed, and most recently the term Oomsmy National Congress or the national consensus or National Meeting, which had not been agreed up to this moment, or schedule or agenda.
calls has called the National Alliance on Tuesday evening, to hold a "National Meeting" as soon as possible.
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Dahlaki: There is another amnesty law in the corridors of the Council of Ministers plans to the government sent to parliament
The MP said the Iraqi List, Raad Dahlaki that "there is another amnesty law in the corridors of the Council of Ministers by the Government intends to send it to the House of Representatives for approval."
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Iraq parliament okays rights commission
Iraqi MPs have approved the first independent human rights commission in the country’s history, which is to track rights violations here, lawmaker Ashwaq Al-Jaff said Tuesday.
“The main role of this commission is to monitor all violations of human rights in all fields and in all governmental and non-governmental institutions,” Jaff said of the High Commission for Human Rights, which was approved by parliament Monday.
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Calls for the adoption of corporate governance in the separation of management of the Rafidain and Rasheed for the financial
Central bank announced the adoption of a system of governance in the separate management of the Rafidain and Rasheed from the Federal Ministry of Finance as the last owner of two banks, adding that the move was intended to begin the development of effective transactions in the banks. The deputy governor of the Central Bank according to the appearance of Mohammed (Rn) that "the Bank informed the Ministry of Finance and Administration Rafidain and Rasheed banking system, the adoption of good governance and promote transparency.
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Financial exploitation warn of cash reserves for development projects
Warned a number of financial experts of the consequences of the exploitation of reserves in the Central Bank, which is estimated at 60 billion dollars by the government to economic development projects, pointing out that it is a cover of the local currency.
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Iraq plans to raise the trade exchange with Egypt to two billion dollars
Announced by the government committee that Iraqi economic and devised a plan to raise the level of trade exchange with Egypt to two billion dollars during the year. The head of the committee charged with developing a plan to raise the trade exchange, according to Kamal Sharif (Rn) that the volume of trade exchange with Egypt last year hit $ 400 million and there are 28 Egyptian companies of which 15 worked in the government sector and 13 in the private sector.
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Currency Aution 4/12/2012 $151,097,000 - 10 banks
LINK TO CBI AUCTION PAGE

OPEC basket price dropped to 117.80 dollars on Wednesday
The independent Iraqi news agency / listen ... OPEC said on Thursday that the standard price of its basket of crudes fell to 117.80 dollars a barrel on Wednesday of 119.38 dollars per barrel in the previous session.
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Haji Latif: Maliki wants an Iraq ruled by his desire and the desire of its neighbors
He said that we support the re-Maliki to consider these matters and to strengthen its relations with the blocks (Sunni), Kurdish, because any deviation from the democratic path leads to the failure of the political process in Iraq.
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Lack of planning and economic programs to make Iraq a country and not a consumer product..!!
Dr. Hashim Al-Shammari, said his part over the deterioration of the Iraqi economy, and said: The spread of markets and shops is a sign of the evolution of consumption and the level of per capita income for the deterioration in the domestic product and the need for citizens to so shopping malls, but is at the same time is a culture of consumer Iraq made a consumer society rather than a producer and also a society full of unemployment. He added that this is due to government policies and the fiscal budget and the few non-support of the domestic product, and if budget provides financial and scientific competence and experience and will definitely Iraq will be a producer and exporter. He said Dr Al-Shammari, we can rely on the local product, but offset by the arrival of the foreign product to the market and better quality at lower prices, has impacted negatively on the domestic product and thus abandoned his land the farmer and the worker factory and become consumers. He noted in this regard that it must do so to develop policies Kmarkip of goods that have a resort local in-country, where you can find Iraq's borders wide open to enter the shoddy goods and without any control of it, and yet we have not seen any movement from the government to promote the good local.
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Monetary policy: The problem in principles or in the performance?
The problems related to monetary policy in Iraq worth looking on the basis of professional, objective and free from conflicts and partisan political interests. The most important of these foundations is to ensure the protection of Iraq and to secure funds invested in a constructive and fruitful indeed. Yesterday, escalated tensions on the price of Iraqi currency and degradation gradually against the U.S. dollar, and then came the economic decisions of the Committee of Ministers to declare a desire to issue a formal request to the U.S. government to extend the executive decision of U.S. President Judge to protect Iraqi funds. And between this and that hesitation to talk about the disappearance of huge sums estimated at several billions of dollars in past years, and did not find conclusive answer about it.
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Iraq begins to receive a deal Boeing end of the year
The Iraqi Ministry of Transport on Thursday it would start to receive Boeing 738 and 787 American-made end of this year while confirming that Iraqi Airways began training staff to work on the aircraft.
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Council of Ministers decides to wait in the application of the deletion of zeros from the national currency
Council of Ministers decided, on Thursday, to wait in the application of the deletion of zeros from the national currency. The director of the Media Unit of the Secretariat of the Council of Minister Abdel Talaqani in an interview for "Alsumaria News", "Affairs of the Secretariat and sent, today, issued a decision to wait in the application to delete the zeros from the national currency. "
The Iraqi Council of Ministers face, on Wednesday (April 11, 2012), to form a committee to study the fluctuation of the exchange rate of Iraqi dinar, as he emphasized that the Commission will provide appropriate solutions to prevent harm to the national economy.
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An economist calls for the government to hiring economists to address the dinar exchange rate fluctuations
Economic expert called on the government to the safety of Sumaisem use of economic and financial experts from outside government agencies to find out the problems faced by the Iraqi dinar.
The Sumaisem told all of Iraq [where] Thursday it is "possible for the Iraqi economy to recover if the use of several linked to economic policy," asserting that "the use of the expertise of economic will ambulance fluctuation of the exchange rate of Iraqi dinar but unfortunately, there ignore the experiences of economic and overlooked ".
The central bank attributed the might and the words of the Vice Province Bank Mazhar Mohammad Saleh's [where] the high dollar exchange rate and increase the demand for it in Iraq to the global financial restrictions imposed on some neighboring countries, referring to Syria and Iran.
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by **ADMIN** Thu Apr 12, 2012 11:08 am

Expert: recession stock lift dollar and threatens to force hard currency
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Iraqi currency fell victim to the financial embargo on Syria and Iran
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Member of the parliamentary Finance Committee beating Iraqi traders mafia smuggling dollar markets
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Warning against the exploitation of the Central Bank's cash reserve
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Vice Posted: Iraq will withdraw from the government in case of failure of the National Conference
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04/12/12 IRAQ NEWS SUMMARY

04/12/12 IRAQ NEWS SUMMARY

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