Friday, October 24, 2014

Traders Kurds prefer to deal in dollars and euros, not dinars

23/10/2014

Observers: Cord traders prefer to deal in dollars and euros, not dinars

Observers said that the security situation and the political and economic unstable in Iraq led to a decline in Iraqi dinar deal by some traders Kurds in the markets of the region and the shift to a more stable foreign currencies such as the dollar and the single European currency (euro).

Economic expert Jabbar beefy said in a statement to Radio Free Iraq that investors and traders Kurds fear of the collapse of the Iraqi currency as a result of the current situation, and the possibility that resort provincial government to deal in dollars under the abstention Baghdad for disbursement budget for the province, and the shrinking reserves of banks, the province of the Iraqi dinar.

He beefy as saying that "the Iraqi dinar parsimonious in banks in the Kurdistan Region as a result of the non-diversion of Baghdad budget province eight months ago, which led to the difficulty of paying salaries to employees in dinars and thinking in payment of salaries in dollars, as well as the low exchange rate of the Iraqi dinar, and the lack of stability against other currencies, All this pushed traders to replace their capital foreign currencies.

One semi-traders Kurds what is happening in the region and the scarcity of banks dinar to what happened during the nineties of the twentieth century, when the Iraqi government replaced the Swiss dinar and caused damage to traders Kurds.

"I think that fiscal policy is wrong for the Iraqi government may damage the local currency. Because you can not rely on the currency as long as Iraqi officials hint from time to time the possibility of changing the currency or delete Asfarha, and failure to pay the budget of the province, all that we believe that the foreign currency more than a guarantee for for traders. 

Sirwan Rasheed shop owner banking in Sulaymaniyah pointed out that the exchange rate of the dollar against the Iraqi dinar dinar varies depending on the category of any large groups that are the most popular and desire in banking markets.

He added: "There is a difference in the dollar over the small and large dinar categories of price, may reach Alynho 20 000 dinars, and this because the big groups of dinar easily transported to the banks of Baghdad to be transferred there to Dolar.ohnak Another reason is Zeya damage in small groups that are traded in the largest among the citizens. Most banks and refrain in the Kurdistan Region for receipt, what leads to the decline rate of the dinar in the regional markets. "

It is said that the Iraqi Kurdistan Regional Government had hinted before that it will be spent for the salaries of its employees to the US dollar, which it gets from oil revenues in the event of continued non-diversion of the provincial budget.

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Going Global Headline News For Friday, October 24, 2014 .. check back for updates

IRAN AND RUSSIA JOIN FORCES AGAINST ISIS IN IRAQ

Earth Facing SOLAR CME,Strong Flare - Astronomer warns of solar storm exposed earth in two days

New Beginnings With Benjamin (formerly Rooftop Radio) Always An Excellent Message ..

France's Hollande says anti-ISIS campaign (in Iraq) will be stepped up

Putin lashes out at US, West for destabilizing world

*Saturday is a public holiday to mark the Islamic new year

Iraq Parliamentary Finance plans to host the Minister of Finance to discuss the increase in the salaries of employees

IRAN AND RUSSIA JOIN FORCES AGAINST ISIS IN IRAQ

October 24, 2014

REPORT: IRAN AND RUSSIA JOIN FORCES AGAINST ISIS IN IRAQ

The governments of Iran and Russia have announced a joint effort to enhance their military operations against the Islamic State (ISIS/ISIL). Militaries from both countries will be working with Iraqi commanders.

“Over 60 military experts from Russia and Iran created a joint operations headquarters in the Al Rasheed Hotel in the Iraqi capital of Baghdad,” said a report handed to an Iranian news agency.

According to RFERL:

The unnamed Iraqi sources went on to say that more than 60 Russian and other experts were currently in Baghdad and staying at the Royal Tulip Al Rasheed Hotel in Baghdad's Green Zone. The experts specialize in the training of officers and Iraqi pilots as well as the use of Russian military equipment, including the helicopters that Moscow recently supplied to Baghdad. Earlier this month, Russian media reported that Iraq had received a third consignment of Russian Mi-35M helicopters.

Iran and Russia grew closer after the United States placed sanctions on Moscow for its treatment of Ukraine. In August, the two countries signed deals that included energy and goods. On October 16, Iran and Russia conducted a joint naval exercise in the Caspian Sea. There has been no confirmation that the exercises were meant for a future fight against the Islamic State.

However, an alliance between Russia and Iran to fight against ISIS has been in the works for weeks. Russian President Vladimir Putin told his Security Council in September that he “would consider working with international partners” against the Islamic State. 

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Earth Facing SOLAR CME,Strong Flare - Astronomer warns of solar storm exposed earth in two days


25-10-2014

Astronomer warns of solar storm exposed earth in two days

According to the Jordanian Astronomical Imad Mujahid, that the earth will experience during the next two days to a solar magnetic storm because of the huge solar flares that occurred Wednesday, in the soles of the sun, which have been monitored by telescopes for monitoring the sun in the American space agency "NASA".

The news agency quoted the official Jordanian Petra Mujahid as saying, "The Spot Solar huge size approximately the size of Jupiter (the largest planets in the solar system), will appear as a result of solar activity significantly in the soles of the sun, who is associated with the date of the solar cycle Great waits Astronomers in this period.

He pointed out that the sun launches in the period of solar activity winds turn to solar magnetic storm, made ​​up of invisible radiation and electrically charged particles reach most of the planets.

He explained that the storm magnetic solar will reach the planet during the forty-eight hours the next, where interact electrically charged particles with magnetic field ground spoke phenomenon (aurora borealis), which is bright colors you see near the polar regions (such as Alaska, Canada, North America and northern Russia).

He explained that the Jordanian Astronomical exposed earth for such solar magnetic storm may lead to the disruption of power generators or power outages, as it may lead to a cut of space communications jamming them and disrupt GPS devices (GPRS   ), The devices are very important in the maritime, air and will be affected by contacts global stock markets, saying, "The increase in the power of emitted radiation will not directly affect humans, plants because of the gaseous envelope, and the presence of the ozone layer that protects the Earth from these rays and particle dangerous." 

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France's Hollande says anti-ISIS campaign (in Iraq) will be stepped up

October 24, 2014

France's Hollande says anti-ISIS campaign will be stepped up

BRUSSELS: French President Francois Hollande said Friday that operations will be stepped up against ISIS in Iraq, which must be "struck hard".

"The pace of our actions is going to speed up. We have collected all the information necessary," Hollande said, when asked about recent French operations in Iraq as part of a US-led coalition air campaign against ISIS fighters.

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Putin lashes out at US, West for destabilizing world


October 24, 2014

Putin lashes out at US, West for destabilizing world

Vladimir Putin lashed out at the United States and the West for destabilizing the world order of checks and balances for its own gains. He also accused the West of inflaming the situation in Ukraine and said Russia is not interested in building an empire.

The Russian President delivered a fierce broadside aimed at the United States in a speech for the Valdai Club in Sochi, which is an informal group of scholars. He hit out at Washington for behaving without regard to the rest of the world's interests

“The system of international relations needed some changes, but the USA, who believe they were the winners of the Cold War, have not seen the need for this.” He added that the US has been trying to create the world “for their own gains." The Russian President added that because of this, regional and global security had been weakened.

During his speech, Putin used the Russian version of the Latin phrase, “Quod licet Iovi, non licet bovi” (what is allowed for god, is not allowed for cattle,) alluding to the double standards used by Washington.

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New York and New Jersey Tighten Ebola Screenings at Airports

October 24, 2014

New York and New Jersey Tighten Ebola Screenings at Airports

The governors of New York and New Jersey announced Friday afternoon that they were ordering all people entering the country through two area airports who had direct contact with Ebola patients in Sierra Leone, Liberia and Guinea to be quarantined.

The announcement comes one day after an American doctor, who had worked in Guinea and returned to New York City earlier in October, tested positive for Ebola and became the first New York patient of the deadly virus.

“A voluntary Ebola quarantine is not enough,” said Gov. Andrew M. Cuomo of New York. “This is too serious a public health situation.”

Outlined in a late afternoon news conference, the new protocols raised a host of questions about how, exactly, the screening process would work and who, exactly, it would target. The two airports in question are Kennedy International Airport and Newark Liberty International Airport.
It was also taken without consulting the New York City health department, according to a senior city official.

Earlier in the day, the White House sidestepped questions about whether a quarantine of health care workers was being considered. Instead, officials defended the procedures the administration has put in place, including enhanced airport screenings and the monitoring of people returning to the United States from Ebola-afflicted countries.

“I’m not going to get into the ongoing deliberations of our public health professionals,” Josh Earnest, the White House press secretary, told reporters on Friday.

“These kind of policy decisions are going to be driven by science, and by the best advice of our medical experts, and by our scientists that have four decades of experience in dealing with Ebola outbreaks in West Africa.”

There was immediate concern that the move might have an adverse effect on getting workers to West Africa, where more than 4,500 people have died of the virus and medical workers are in short supply.

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Saturday is a public holiday to mark the Islamic new year

10/23/2014 

Cabinet: on Saturday a public holiday to mark the Islamic new year

The General Secretariat of the Council of Ministers that the head of the Islamic year will be on Saturday 10/25/2014, a public holiday.

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Abadi: the security situation in Karbala is under control and some of the measures necessary to protect visitors

October 24, 2014

Abadi: the security situation in Karbala is under control and some of the measures necessary to protect visitors

Prime Minister Haider al-Abadi, said Thursday that the security situation in the province of Karbala is under control, as pointed out that some of the actions necessary to protect visitors. 

Ebadi said during a joint news conference with the leaders of the Middle Euphrates and Karbala police and attended by Alsumaria News "," assure visitors that the security situation in Karbala is under control. " 

The Prime Minister pointed out that "some of the actions necessary to protect the city of Karbala and visitors." 

The prime minister arrived Haider Abadi earlier on Thursday (23 October 2014), to the city of Karbala, and was welcoming to a number of officials in the governorate, holding Abadi after arriving consultative meeting closed in building the province of Karbala to discuss the security situation and threats, "terrorist." 

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The draft law of oil and gas on the table heads of blocs

23/10/2014

The draft law of oil and gas on the table heads of blocs

The Commission on oil and energy in the House of Representatives, said that negotiations are currently underway between the leaders of the blocs to reach agreement on a final version of the draft law of oil and gas, oil and an end to the dispute between the federal government and the Kurdistan Regional Government.

He told committee member Hussein by Radio Free Iraq that "the Commission is considering the possibility of drafting a new oil and gas law satisfies all parties."

The last part of stressed member of the Kurdistan Alliance, Mahmoud Othman on the need to speed up the adoption of a new law for oil and gas to resolve all differences between the government and the provincial government Alathadbh.

To see that the legal expert Tariq Harb said that "the draft law of oil and gas as the previous need some simple modifications," explaining that "the adoption of this law will establish the Council of federal oil, which would end the differences between the parties relating to oil all"

The deputies stressed that differences of oil between Arbil and Baghdad will end according to Articles 111 and 112 of the Iraqi Constitution, as stipulate that oil and gas belongs to all Iraqis, and that the federal government in coordination with the oil-producing provinces are drawn oil policy strategy to achieve the greatest benefit for the Iraqi people.

The draft law of oil and gas on the table heads of blocs.

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IMF Report October 2014: Annual Report on Exchange Arrangements and Exchange Restrictions 2014

IMF Report October 2014: Annual Report on Exchange Arrangements and Exchange Restrictions 2014 

China, India launch new Asia Infrastructure Bank

October 24, 2014

China, India launch new Asia Infrastructure Bank

In a landmark achievement, 21 Asian nations including China and India on Thursday signed on a new infrastructure investment bank which would rival the World Bank.

The governments of Bangladesh, Brunei Darussalam, Cambodia, China, India, Kazakhstan, Kuwait, Lao PDR, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Uzbekistan, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan, Vietnam signed on as founding members of the new Asia Infrastructure Investment Bank (AIIB) in Beijing on Friday.

One of the first projects of the new Bank is expected to be financing infrastructure projects along the “Silk Road Economic Belt” and the “Maritime Silk Road” re-establishment.

Chinese Finance Minister Lou Jiwei said on Friday the “multi-national financial institution which is fair, just, open … with a good governance structure” will be an “efficient financing platform for infrastructure”.

Lou said the AIIB has a different focus than established multilateral organizations such as World Bank and Asian Development Bank (ADB).

China and other emerging economies, including BRICS, have long protested against their limited voice at other multilateral development banks, including the World Bank, International Monetary Fund and Asian Development Bank.

China is grouped in the ‘Category II’ voting bloc at the World Bank while at the Asian Development Bank, China with a 5.5 per cent share is far outdone by America’s 15.7 per cent and Japan’s 15.6 per cent share.

The ADB has estimated that in the next decade Asian countries will need $8 trillion in infrastructure investments to maintain the current economic growth rate.

Chinese President Xi Jinping had last October proposed to establish the AIIB to boost Asian economic integration and infrastructure projects like roads, railways, ports across the region. The new Bank has a capital target of more than $100 billion.

US allies Japan and Australia alongwith South Korea and Indonesia are notable absentees from the list of nations who signed up for the China-led Bank. The AIIB will extend China’s financial reach and compete not only with the World Bank, but also with the Asian Development Bank, which is heavily dominated by Japan.

In July, World Bank Group President Jim Yong Kim said that he welcomed a new multilateral infrastructure bank, saying there was a “massive need” for new investment in this area.

The BRICS nations have already announced a $100 billion development bank during the 6th BRICS Summit in Brazil this year.

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