Tuesday, January 31, 2012

Ashton says EU ties with GCC extremely important

1/31/2012

Ashton says EU ties with GCC extremely important

BRUSSELS, EU High Representative Catherine Ashton met Here Tuesday the visiting Secretary-General of the Gulf Cooperation Council (GCC), Dr Abdul-Latif Al-Zayani and discussed relations between the two regional blocs and other regional issues. "The EU's relations with the Gulf countries are extremely important - since

I took office I have been determined to intensify our dialogue and cooperation on many matters of common interest," she stressed in a statement after the meeting.

The two sides shared "grave concern about the situation in Syria, where the regime continues its outrageous campaign of repression against the Syrian people," noted the statement.

Obama boosts reelection drive at auto show

January 31, 2012

Obama boosts reelection drive at auto show

US President Barack Obama on Tuesday took a swipe at opponents who he said would have let the US auto industry die, in a trip to an auto show that highlighted his rescue of iconic US car firms.

Obama toured the exhibition at a downtown Washington conference center and inspected 15 gleaming new electric and hybrid vehicles made by Ford, Dodge (a Chrysler brand) and General Motors.

"When you look at all these cars, it is testimony to the outstanding work that's been done by workers -- American workers, American designers," Obama said.

"The fact that GM is back, number one, I think shows the kind of turnaround that's possible when it comes to American manufacturing," said the president, who favors using government in some cases to create conditions for jobs growth.

Investment Law ~ The investment environment in need of a special bank for companies ...

01/02/2012

The investment environment in need of a special bank for companies

Single window most important means of success

Baghdad, Hussein Tgb Tamimi

Called on a number of those concerned with the economic need to work towards providing an appropriate environment for the implementation of large investments fit the size of the great demand for projects advocated by all economic sectors, where the voices, widely during the current period should be the actual work towards the provision of investment environment suited to the reality of the work of the local private sector and regional and international levels, where it monitors a lot of international companies reputation and work of the reality of the investment in Iraq and any opportunities available, and how he was their capacity to invest, and how the safeguards available in the country, as well as mechanisms to obtain the investment license, as well as cash that is available and banking services.

GCC to the Rescue? Greece Expects an Agreement on Debt End of the Week

Snip ~ The through the IMF and increasing its .. Of course all the other countries have an interest in Europe is a place to grow ... I think that the countries of the Gulf Cooperation Council is fully aware of its important role in the global economy through the IMF and the Bretton Wood institutions.

February 1, 2012

Greece expects an agreement on debt end of the week

Brussels, Prime Minister of Greece Lucas Papademos: The negotiators have made ​​«significant progress» in talks to conclude an agreement on the restructuring of Greek government debt and is expected to become the agreement in its final form ready by the end of the week.

Told Papademos journalists in the early hours of yesterday Tuesday after a meeting with senior officials from the European Central Bank and the European Union after the EU summit «achieved important progress in the talks on the participation of the private sector ... We aim to complete negotiations with the Troika by the end of the week »in reference to the delegation of the analysts of the European Central Bank and the European Union and the International Monetary Fund responsible for monitoring the progress of Greece to comply with the target levels for the budget deficit.

CBI ~ Central: the smuggling of foreign currency is exaggerated

01/02/2012

Central: the smuggling of foreign currency is exaggerated

BAGHDAD - Al Sabah

described the Deputy Governor of the Central Bank of Iraq for the appearance of Mohammed are handed down on the smuggling of foreign currency outside the country that carries a high degree of exaggeration and serve political purposes.

He admitted in a press statement made ​​by the Agency (NINA) and the presence of counterfeit currency in the market and trading in foreign currency and smuggling, but he said: It's not as high of an exaggeration that is being talked about.

Congress «morning»: Iraq overcome sectarian .. And activation of the Mecca Document is positive

Related articles .. *** Iraq ~ Conference in Baghdad to activate the Mecca Document of National Reconciliation ...

01/02/2012

Congress «morning»: Iraq overcome sectarian .. And activation of the Mecca Document is positive

BAGHDAD - Shaima Rashid

welcomed the deputies of the different blocks at the invitation of the OIC to activate the "Mecca Document" to support the national reconciliation in the country and the consolidation of civil peace.

Meanwhile, the Iraq beyond obsessed with sectarianism, though he need to open all channels of dialogue between the parties' political arrived solution to existing problems, stressing that the calls of the Islamic Conference is not an interference in the affairs of Iraq. The MP said the coalition of state law Mohammed Chihod: that "there is a correlation between the components of the Iraqi people and there is no state of crisis of sectarian or political." He Chihod "morning" , that "the existing are just problems can be solved through dialogue between the political blocs and there is no problem in the political process, the executive and legislative."

Finance Committee in the House of Representatives for efforts to establish a fund to give financial stake of the oil imports of every citizen

01/02/2012

Part of the distribution of oil revenues among citizens


BAGHDAD - Al Sabah

Revealed the Finance Committee in the House of Representatives for efforts to establish a fund to give financial stake of the oil imports of every citizen, and the granting of a sum of money lump all retirees. This comes at a time of continued Parliament discussed the draft general budget and complete the second reading of bills. welcomed House Speaker Osama Najafi at the beginning of the sixth meeting session, attended by 221 deputies, the return of the coalition in Iraq to complete its legislative and regulatory framework to serve the citizens.

Iraqi secret negotiations - U.S. to settle the issue of the $ 17 billion

03/01/2012

Iraqi secret negotiations - U.S. to settle the issue of the $ 17 billion

Baghdad, A senior source revealed that there has been a secret negotiation taking place between the Commission staff and the U.S. Defense Department and Iraqi officials to end the file of the receivables of Iraq and the amount of $ 17 billion, which proved to be not fully spent in the period that took the Pentagon File Manager Development Fund for Iraq's reconstruction projects.

Israel’s New Railway to Catalyze Increased Trade With China and India

January 31st, 2012

Israel’s New Railway to Catalyze Increased Trade With China and India

The Makhtesh Ramon Crater in Israel’s Negev desert is just one site that will be more accessible as a result of two planned rail links.

On Sunday
black globe winner Prime Minister Benjamin Netanyahu announced a plan to build two new railways linking the country’s two seas – the plastic-filled Mediterranean and the Red.

The 220 mile passenger train between Tel Aviv and
Eilat will “link up with the periphery in a way that has not been done up until now,” he said at the weekly cabinet meeting.

A new freight route between Eilat and Ashdod just south of Tel Aviv will compete with the Suez Canal as a major trade link between Asia and Europe. Netanyahu insists that the latter “will create a very great interest on the part of Asia’s rising powers, China and India.”

A golden path for China

Although Netanyahu believes that facilitating increased trade between Israel and Asian countries such as China and India is “of strategic, national and international importance,” critics claim that he is lining a golden path for China at the expense of local Israelis.

Labor leader Shely Yachimovich told the Israeli newspaper
Haaretz that Netanyahu has put “the railway-to-Eilat project into the hands of the Chinese while bypassing proper tender processes and importing thousands of Chinese workers.”

There’s no question the Chinese would be deeply grateful to Yisrael Katz, but the government’s first duty is toward its own citizens,” Yachimovich added.

Netanyahu crumbles Israel’s social protest

This move comes shortly after a
Globes report that Netanyahu “has dissolved the Trajtenberg recommendations, crumbled the social protest without it achieving anything and at no personal cost.”

“This change is, in effect, the realization of the vision of linking up the country via the development of transportation infrastructure from the north, from Kiryat Shemona, to Eilat, including expressways without traffic lights and railways, both within the State of Israel and as a transit point between continents,” Netanyahu said.

Netanyahu’s declarations followed briefings from the Transportation and Road Safety Minister Yisrael Katz and other senior ministry officials, although another meeting will be required before details and set into stone. But to ensure everyone present that he is serious about the new railway plans, he noted, “We do not declare, we simply get things done.”

Haaretz

Council of Ministers constituted a committee to discuss the observations of Supreme Audit of the accounts of the final state for the years 2004 - 2009

January 31, 2012

Council of Ministers constituted a committee to discuss the observations of Supreme Audit of the accounts of the final state for the years 2004 - 2009

Baghdad - and babysit - Council of Ministers decided to form a committee to discuss the observations made ​​by the Office of Financial Supervision of the final accounts of the state for the years 2004 - 2009, also approved the recommendations of the Committee on Economic Affairs on the adoption of the proposed prices from the Ministries of Commerce and Agriculture for agricultural crops strategic agricultural season 2012.

Ahead of February 2nd Elections ~ Kuwaiti security forces rushed to the headquarters of a candidate for election after being attacked by angry crowds

***Related article link .. Maliki's visit to Kuwait will be resolved the outstanding issues (After February 2nd) ...

January 30, 2012

Kuwaiti security forces rushed to the headquarters of a candidate for election after being attacked by angry crowds

Rushed security patrols of Kuwait to the vicinity of the headquarters of a candidate the Third Circuit Mohammed Jawehl in Adailiya to prevent clashes after the large crowds angry attack the headquarters, which led to the destruction of its contents and burned, and three days before the date of parliamentary elections in Kuwait.

House of Representatives lifted its Thursday after his appeal to discuss the financial budget for the current year

Seriously, did they use the word "peasants" ~ Snip.. "and develop a strategy can save the agricultural sector, which has deteriorated and his often reflected on the reality of the lives of the peasants"

01/31/2012

House of Representatives lifted its Thursday after his appeal to discuss the financial budget for the current year

Baghdad, Lifting of the House of Representatives its meeting held today, chaired by Osama al-President of the Council and attended by 221 deputies to the next Thursday after the resumed discussion of the financial budget for the current year as well as ending the second reading of bills.

A statement from the Department of the media was in the beginning of the meeting welcomed the President of the Council the return of Congress coalition in Iraq to complete their legislative and oversight to serve the citizens. He Nujaifi to the position of all the blocks were placed on the need for the return of Iraqi requires activating the role of parliament in legislation and activating the supervisory role of the government's performance.

Iran announces the recent visit of iraq and the value of exports to Iraq of about 7 Billion & (the end of the current Iranian year is 20 March 2012)

January 31, 2012

Iran announces the recent visit of the owners and the value of exports to Iraq of about seven billion dollars

He said the Iranian ambassador to Iraq, Hassan Danaii fled Prime Minister Nuri al-Maliki will visit Iran in the near future.

He Danaii fled that "Ministers of both countries are preparing for the nine official visits until the end of the current Iranian year, which ends on 20 March 2012, noting that" this figure Itbr record on official visits exchanged "

Security sources and banking in Maysan denies the existence of the sale of hard currency for Iranian businessmen

January 31, 2012

Security sources and banking in Maysan denies the existence of the sale of hard currency for Iranian businessmen

Denied, security sources and banking in the province of Maysan, and the phenomenon of selling hard currency to the business Iranians on the port gray border, according to reports by some media.

May 30-31 ~ Oil delayed fourth round of licensing contracts to the end of May ...

January 31, 2012

Oil delayed fourth round of licensing contracts to the end of May

Oil Ministry delayed the establishment of a tour of licensing contracts oil-fourth to the 30-31 May.

The director of the Department of Contracts and Licensing at the Ministry of Oil Abdul Mahdi al-Amidi said the ministry has decided to delay the fourth round to give interested companies more time to study the new contract rate.

He Amidi, in a press statement that Iraq conducted a major revision of the original contract in respect of items of economic and contractual resulting in a new form.

He explained that the ministry will draft a preliminary on 17 February and will give companies a deadline to study and present its proposals before issuing the final model on April 20.

He Amidi that amendments to the contract drilling related foundation formula pricing and corporate profits and ways to determine the shares in the contract.

Parliament looking to reduce interest rate loans and the smuggling of hard currency to Iran and Syria

January 31, 2012

Parliament looking to reduce interest rate loans and the smuggling of hard currency to Iran and Syria

Scheduled to discuss the House of Representatives in its session on Tuesday a proposal from a number of Representatives to reduce the rate of interest assessed on loans granted to employees and citizens.

The Council will discuss the need to broaden the base of borrowers and beneficiaries of these loans as it supports both the employee and those with limited income and contribute to the solution part of the housing crisis and activate the role of the private sector ..

Going Global Headline News for Monday And Tuesday, January 30-31, 2012 ...

CBI ~ Central studying the process of removing zeros ...

Iraq and Iran ~ Currencies ~ Expert: the continuing deterioration of the Iranian currency affects the cash reserve ...

Iraq's Budget Tuesday, January 31st ~ Parliament to devote most of his time to discuss the budget ....

Iraq Oil Law February ~ Parliament could see new draft oil law in February

February 2nd ~ Ben Bernanke will testify on the economy on Thursday, February 2, 2012 ...

Iraq - Kuwait Next Month ~ Kuwait Ambassador will return to Iraq early next month and is optimistic about the relationship between the two countries

Message from Jennetta of the Galactic Federation of Light by Greg Giles ...

EU bids to bury deficits, end Greek debt drama by end of the week ...

The Chinese New Year lasts 15 days and started last week on January 23rd ...

Iraq's Budget Tuesday, January 31st ~ Parliament to devote most of his time to discuss the budget ....

Phoenix mentions .. link .. What Do The Stars Say .. January 29th through February 4th 2012 ...

Iraq, Kuwait and UN Sanctions~ Zebari discuss with the UN official ways to close the file of compensation imposed on Iraq as soon as possible

Project to delete the zeros from the currency table to study the central bank

Iraqi Dinar ~ Central Bank: The Politics of raising the Iraqi dinar against the dollar will contribute to strengthen the Iraqi economy ...

A meeting between Talabani and Maliki to discuss the developments in the political process

Iraq to improve living standards for retired ~ Submit a proposal to increase the salaries of retirees today and improve living standards ...

Iranian Ambassador: al-Maliki visited Tehran Soon

Iraq ~ Industrial Bank adopted a new mechanism for the expansion of its services ...

Bahrain condemns 'irresponsible' Iraqi statements made by Sadr ...

Pentagon prepares for new military talks with Iraq

Allawi and the Internet ~ Iraq and Minister of Communications Conference co terrorism worsening global Internet freedom in the United States

Iraq, GCC and Europe ~ the signing of a memorandum of understanding with the Gulf countries to implement a project of international optical cable GIT

Iraq's Fuad Masum: Talabani will meet with Prime Ministers, Parliament and the heads of the blocks for the creation of the National Conference ...
Baghdad, Called specialists in economic affairs to the country out of Chapter VII imposed by the UN, to give the trader freedom to deal int'l ...

OPEC "The MENA Region in the International Arena"

Going Global Headline News for Sunday, January 29, 2012 ...

Monday, January 30, 2012

CBI ~ Central studying the process of removing zeros ...

Tuesday 1/31/2012

Central studying the process of removing zeros

Baghdad, Central Bank announced it had begun to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of its own legislation, setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him the powers of a change in their local currency. The deputy governor of the Central Bank of the appearance of Mohammed According to Saleh (Rn) that the bank submitted a working paper for the project to delete the zeros of the local currency to the Council of Ministers for the involvement of ministries and agencies.

Iraq and Iran ~ Currencies ~ Expert: the continuing deterioration of the Iranian currency affects the cash reserve ...

Tuesday 1/31/2012

Expert: the continuing deterioration of the Iranian currency affects the cash reserve

Baghdad / term

Economic researcher Hussein warned the star of the depletion of foreign currency from Iraq for Iran as a result of the deterioration of its currency against the U.S. dollar.

The star, according to the Agency (news): There are dealers and companies working in Iraq for Iran and Syria and trying to pull the U.S. dollar from local markets to those countries as a result of international sanctions that have led to the deterioration of their currencies.

Central Bank confirms its ability to meet the high demand for the currency

January 30, 2012

Central Bank confirms its ability to meet the high demand for the currency

Central Bank of Iraq announced its ability to meet any high risk caused by the growing demand for foreign currency as it has large reserves of hard currency.

And the bank said in a statement Sunday that he "has in foreign reserves large, the estimated high in the face of any potential caused by the growing phenomenon of demand for foreign currency on the basis of the means of monetary policy available to control the levels of liquidity and cash flows in order to achieve economic stability desired."

He continued that "the situation and the complexities in some regional countries surrounding Iraq and exposed to the problems in international economic relations has cast Bdilalha are other currents in the formation of additional non-directly in the demand for foreign currency through the overlapping regional trade and the various ways of funding."

The Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh, on the ninth of January 2012, that the high exchange rate of the dollar against the Iraqi dinar in the Iraqi market as well as higher sales of the Iraqi Central Bank foreign currency, due to the financing of trade in neighboring countries by the Iraqi traders.


link

Iraq's Budget Tuesday, January 31st ~ Parliament to devote most of his time to discuss the budget ....

And .. Link .. Iraq to improve living standards for retired ~ Submit a proposal to increase the salaries of retirees today and improve living standards ... and .. Link .. Tuesday Budget ~ House of Representatives is moving to amend the draft budget

31/01/2012

Parliament devoted most of his time to discuss the budget

Held its session today in the presence of Iraqi MPs

BAGHDAD - Al Sabah

Said decision of the House of Representatives Mohammed al-Khalidi that the parliament will be allocated the bulk of his time to discuss the budget for the year 2012. said Khalidi's "morning": that the parliament will be held today a regular session, but the presence of deputies of the Iraqi List.

The mouthpiece of the existing Maysoon al announced at a press conference yesterday: "The Iraqi and after consultation that took place between leaders and parliamentarians and ministers and members of the day, decided to return to the meetings of the House of Representatives as of Tuesday", while welcoming the blocks of a political decision to return the Iraqi parliament.

Iraq Oil Law February ~ Parliament could see new draft oil law in February

Related articles .. link .. February 2012 ~ Iraq to export oil from new Gulf terminal in February
Nov. 2011 Link .. Adoption of the draft law of oil and gas made in 2007 and .. Jan. 26, 2012 link .. Oil and Gas Law ~ Barzani calls for development of a special law to divide the profits of oil and gas in Iraq

January 30, 2012

Iraq parliament could see new draft oil law in February

London, After five years in the making, Iraq's parliament could have a first reading of a landmark oil law by early February, a senior Iraqi energy official said today.

Adnan al-Janabi, head of Iraq's oil and energy committee, said he 'hoped for some movement next month' on the legislation that is crucial to resolving a bitter feud between Baghdad and the semi-autonomous Kurdistan region over oil rights.

Janabi's committee has been poring over two versions of text that address the core disagreements between Baghdad and Arbil: the role of the governorates, the composition of the federal council, the ability of the regions and governorates to sign contracts and the issue of previously signed contracts.

Iraq - Kuwait Next Month ~ Kuwait Ambassador will return to Iraq early next month and is optimistic about the relationship between the two countries

Tuesday, January 17, 2012

Kuwaiti Ambassador: I will return to Iraq early next month and is optimistic about the relationship between the two countries

Announced the Kuwaiti Ambassador in Iraq to the insured, on Tuesday, he will return to practice work in Baghdad early next month, and while pointing out that the work of the embassy will be in the next phase of the boot to the work of the Iraqi-Kuwaiti joint, he expressed optimism that the relation between the two countries made progress in all areas to serve their interests.

Message from Jennetta of the Galactic Federation of Light by Greg Giles ...

Message from Jennetta of the Galactic Federation of Light by Greg Giles - January 30, 2012

Open your hearts. What is it that certain of you want to do at this time? What is it that your heart desires? What is calling you? Whatever it is that calls your name in the winds shall you heed, for it is this calling that is your reason for being here on this planet at this time. For many of you there are a multitude of different worlds you could be living in right now, but you chose to be here at this very time. Why? What is it that is so important for you to be here at this point in time? The only way for you to find out is to go out and seek these answers. Along this journey you may discover many other things as well, and you will have the opportunity to bring all these wonderful discoveries home with you when your mission here is complete.

Policy of raising the Iraqi dinar against the dollar will contribute to strengthen the Iraqi economy

30/1/2012

Policy of raising the Iraqi dinar against the dollar will contribute to strengthen the Iraqi economy

Baghdad - where denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh cited some of the media to remarks from some officials for the failure of the central bank to raise the Iraqi dinar against the U.S. dollar.

He told each Iraq [where] that "the Iraqi Central Bank to raise the dinar against the U.S. dollar at the present time is a positive step measured accurately," adding that "the statements that dealt with the failure of the Bank in a political lifting the dinar against the dollar reflects the contract and hatreds personal."

He added that "Iraq has a lot of money and the reports of failure of the Central Bank in the management firm has no basis in truth, "adding that" the central bank responsible for managing 130 trillion dinars a day from Zakho to Basra managed all honesty, "as he described. He pointed out that "the central bank provided a stable environment and maintain the stability of the Iraqi market in light of the political situation is stable, "adding that" in case of failure in the completion of projects it is not decent load the central bank responsibility for those failures and wondered about the source of this statement and is the agenda that stands behind it and what its objectives?.

Form and wanted crude oil exported from Iraq, the supplier base in the financial income of national of the country and more than [85%] of the financial budget of the State. The Adviser to the Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge had criticized earlier in the policy of the Iraqi Central Bank to lift the Iraqi dinar against the dollar the U.S., "adding that" the bank did not coordinate with the Economic System in addressing the situation, "asserting that" contrary to the political production base in Iraq and the Iraqi Central Bank to raise the dinar against the U.S. dollar at the present time is incorrect because it is a real increase."

Read more:
source

EU bids to bury deficits, end Greek debt drama by end of the week ...

January 30, 2012

EU bids to bury deficits, end Greek debt drama

EU leaders closed one chapter in the debt crisis late Monday with a new treaty supposed to end deficits -- then launched a big final push to resolve Greece's bailout woes.

European Union president Herman Van Rompuy called for a new deal with Athens "by the end of the week" on the conditions underpinning the long-delayed second bailout for Greece.

Greek Prime Minister Lucas Papademos went immediately into post-summit talks with top officials from the EU and the European Central Bank (ECB).

In October last year, Greece was promised a second bailout of 130 billion euros ($171 billion) if it could convince private investors to write off 100 billion euros of debt.

That deal is still to be finalised, as is a reassessment of Greece's debt sustainability.

Eurozone partners' handling of the Greece issue in the intervening months reached a nadir when Germany at the weekend suggested placing the Athens government under wardenship.

Iranian Ambassador: al-Maliki visited Tehran Soon

31/01/2012

Iranian Ambassador: al-Maliki visited Tehran soon


Confirmed that the volume of trade exchange between Iran and Iraq reached seven billion dollars in

Baghdad - the follow-up morning

Announced that Iran, Monday, to visit close by Prime Minister Nuri al-Maliki to Tehran, as revealed that the ministers of the two countries will nine reciprocal visits until the end of March of this year, in a move that is standard in terms of the number of official visits between the two countries, as he emphasized that his country was no intention to intervene in the case of Tariq al-Hashimi, because it is an internal issue.

He said the Iranian ambassador to Iraq Hassan Danaii fled in a statement quoted "agency Mehr News," Iraqi Prime Minister Nuri al- Maliki will visit Iran in the near future.

The last visit to the owners to Iran in October of 2010, part of a tour on a number of regional countries, including Syria, Jordan and Turkey.

He Danaii fled that "Ministers of both countries are preparing for the nine official visits until 20 March of the year this, noting that "this figure is a record of official visits exchanged" between the two countries. In the context of a separate, he fled Danaii that the value of Iranian exports to Iraq of about seven billion dollars, without specifying the duration, stressing the importance of trade between the two countries.

link

Iraq ~ Industrial Bank adopted a new mechanism for the expansion of its services ...

related article link .. Iraqi Banks and Chapter 7 ~ Director of the Industrial Bank of Iraq: from financial sector item VII granted freedom to deal with global banks ... and .. link .. Iraq Removal of Chapter 7 Will Activate Banking and Economic Development ...

31/01/2012

Industrial Bank adopted a new mechanism for the expansion of its services

Is preparing to open two branches in Karbala and saffron

BAGHDAD - Hussein Tgb Tamimi

Provide financial cover for industrial projects to overcome the limitations of production continuously, but exceeded it even further when he started the Industrial Bank to reduce the steps routine to obtain loans in order to promote production in support of the local economy.

General Manager of the Industrial Bank Mohammed Wahab said that the adoption of an expansion plan horizontal to the bank by opening new branches in the provinces and Baghdad, in order to provide the services that is unique to the bank to promote the reality of industrial sectors, private and mixed.

Project to delete the zeros from the currency table to study the central bank

Related articles ~ link .. Dinar = Dollar .. Just Do It ~ Iraq's Parliament calls for the central bank to raise the price of the Dinar against the Dollar ...

31/01/2012

Project to delete the zeros from the currency table to study the central

Anbuge deny any comments thereon

Baghdad morning

Announced the Central Bank of Iraq, he began to study the need of the project to delete the zeros of the national currency and to prepare draft legislation for presentation to Parliament, while the dismissed adviser in the Prime Minister Abdul Hussein Al-Anbuge is attributed to him talk about the process of deletion of zeros announced Central Bank of Iraq, he began to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of legislation setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him authority to make changes to the local currency.

Iraqi Dinar ~ Central Bank: The Politics of raising the Iraqi dinar against the dollar will contribute to strengthen the Iraqi economy ...

Monday, January 30, 2012

Central Bank: The Politics of raising the Iraqi dinar against the dollar will contribute to strengthen the Iraqi economy

Denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh cited some of the media to remarks from some officials for the failure of the central bank to raise the Iraqi dinar against the U.S. dollar.

He said that "the Iraqi Central Bank to raise the dinar against the U.S. dollar at the present time is a positive step measured accurately," adding that "the statements that dealt with the failure of the Bank in a political lifting the dinar against the dollar reflects the contract and hatreds personal."

A meeting between Talabani and Maliki to discuss the developments in the political process

31/01/2012

A meeting between Talabani and Maliki to discuss the developments in the political process

BAGHDAD - Al Sabah

Al »morning» from informed sources that President Jalal Talabani will meet soon, Prime Minister Nuri al-Maliki to discuss the developments in the political process.

The sources said that Talabani will also meet in addition to the Prime Minister, both the House of Representatives Speaker Osama Najafi and some leaders of political blocs to discuss preparations national meeting to be held next February.

The sources» that the President, who returned from a medical trip a success in Germany, seeks to create conditions for the success of the conference, which will be held under his patronage and support of all political forces ». revealed Iyad Allawi yesterday in a press statement that he asked the mediation of President of the Republic Jalal Talabani to meet Prime Minister Nuri al-Maliki, expressing his willingness to partner with al-Maliki.

Iraq to improve living standards for retired ~ Submit a proposal to increase the salaries of retirees today and improve living standards ...

31/01/2012

Submit a proposal to increase the salaries of retirees today

BAGHDAD - Alaa al-Tai

A member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri for the determination of its proposal to the House at today's meeting Tuesday to discuss the increase of pensions for the current year in the efforts to redress this slide and improve their living standards.

Yasiri said in a statement to »Sabah»: The «meeting of the Council of Representatives today will provide the Finance Committee proposed an increase and adjust the salaries of retired .. and aspire be the subject of the proposed approval of the Government and the Ministry of Finance with a view to its implementation».

Bahrain condemns 'irresponsible' Iraqi statements made by Sadr ...

January 30, 2012

Bahrain condemns 'irresponsible' Iraqi statements

Bahrain's foreign ministry summoned Iraq's envoy to the Gulf kingdom on Monday over what it charged were provocative comments made by Iraqi leaders, state media said.

The ministry complained to Iraqi envoy Najla Thamer Mahmud about the "unconstructive positions expressed in statements made by officials and political and religious leaders," the official Bahrain News Agency reported.

The ministry singled out Shiite radical leader Moqtada al-Sadr "who has repeatedly made irresponsible statements on Bahrain and its people, including calls for sedition in a way that represents a flagrant interference in Bahrain's internal affairs."

The Chinese New Year lasts 15 days and started last week on January 23rd ...

Related article .. link .. HAPPY BIRTHDAY GOD OF WEALTH ...TODAY JANUARY 28TH .. (Celebrations End February 6th)

Monday, January 30, 2012

Big, Beautiful Pictures From The Huge Chinese New Year Celebration In New York City

It is the Chinese Lunar New Year, and yesterday New York City's Sino-community marched from Little Italy to Chinatown in celebration.

The Chinese New Year lasts 15 days and started last week on January 23rd. While not everyone takes a full two weeks off from work, each day of the holiday has some traditional association. Some are for a wife to visit her parents and others are designated as days when friends visit friends. One is even set aside as a day to stay home. But most are about celebrating in one form or another, as well as offering thanks to the gods.

The parade featured local politicians, visitors from China, marching bands, traditional bands, and of course lots of dragon dancers.


Pictures here

Pentagon prepares for new military talks with Iraq

January 30. 2012

Pentagon prepares for new military talks with Iraq

The Obama administration is preparing to begin talks with Iraq on defining a long-term defense relationship that may include expanded U.S. training help, according to Defense Secretary Leon Panetta’s chief policy aide.

Michele Flournoy, who is leaving her Pentagon post on Friday to return to private life, said in an interview with a small group of reporters that the administration is open to Iraqi suggestions about the scope and depth of defense ties.

“One of the things we’re looking forward to doing is sitting down with the Iraqis in the coming month or two to start thinking about how they want to work with” the U.S. military to develop a program of exercises, training and other forms of security cooperation, Flournoy said.

Iraq, Kuwait and UN Sanctions~ Zebari discuss with the UN official ways to close the file of compensation imposed on Iraq as soon as possible

Bumped ..
30/01/2012

Zebari discuss with the UN official ways to close the file of compensation imposed on Iraq as soon as possible

Baghdad, Research and Foreign Minister Hoshyar Zebari, with the President of the Executive Council of the United Nations Compensation Hanov Schumacher and Executive Secretary of the Commission Mojtaba Gazzaza prospects of cooperation between the Executive Council and Iraq in order to close the file of compensation imposed on Iraq as soon as possible.


A statement of the Ministry for Zebari, he stressed the obligation of Iraq to arrangements for compensation As reflected in the report of the Secretary-General of the UN report to the Security Council.

He stressed that Iraq sought for a final settlement to the issue of reparations and an end to this bleeding the financial by addressing all outstanding issues with Kuwait. For his part, the delegation explained that Madfh Iraq over the past year in compensation to Kuwait with a approximately $4 billion.

link

Allawi and the Internet ~ Iraq and Minister of Communications Conference co terrorism worsening global Internet freedom in the United States

30/01/2012

Minister of Communications Conference co terrorism worsening global Internet freedom in the United States

Baghdad, Headed by the Minister of Communications Engineer Mohammed Tawfiq Allawi, the delegation of the Ministry of Communications Co in the freedom of the Internet and Arab spring, which was held in Washington, DC. A statement from the Ministry of Communications on Monday: The Conference addressed the issue of global terrorism worsening and how Mgarath new methods adopted Arab and Islamic countries the adoption of the ideology of true Islam to bring down the terrorist ideology deviant, and warning of the emergence of terrorist groups like the Taliban and Al Qaeda in the midst of a wave of changes that occur in the region known as the spring Arab.

Iraq, GCC and Europe ~ the signing of a memorandum of understanding with the Gulf countries to implement a project of international optical cable GIT

Related articles .. *October 2011 .. Link .. *Iraq PM Office ~ Very Important Economic Meeting Held: UN, World Bank, EU, Reps, Experts and Advisors.... and Dec. 2011 ..link .. Iraq and Europe ~ Zebari discuss preparations for the signing of the agreement on cooperation and partnership between Iraq and the European Union ...

January 30, 2012

Communications: the signing of a memorandum of understanding with the Gulf countries to implement a project of international optical cable GIT

BAGHDAD (Iba) .. The Ministry of Communications Memorandum of Understanding with the countries of the Persian Gulf to implement the project optical cable international GIT, which links the Gulf, Turkey, through Iraq and on to Europe.

According to a ministry statement said today the project within the master plans developed by the Ministry to update and expand the services and world-class he said, adding that the project will provide significant financial advantages as a result of transmission and capacities in both directions north and south as well as the wealth of Iraq's need for bandwidth and the level equivalent to strategic projects other Kalcablatt marine and international connectivity.

Iraq's Fuad Masum: Talabani will meet with Prime Ministers, Parliament and the heads of the blocks for the creation of the National Conference ...

30/01/2012

Fuad Masum: Talabani will meet with Prime Ministers, Parliament and the heads of the blocks for the creation of the National Conference

BAGHDAD (Iba) ... revealed the head of the Kurdistan Alliance Fouad Masum, it is hoped that receives the President of the Republic prime ministers and parliament as well as heads of political blocs to discuss the preparations for the National Conference.


A statement from the PUK on Monday: that it is hoped that receives the President Talabani, Prime Minister Nuri al-Maliki and Parliament Speaker Osama Najafi, in addition to the heads of the political forces and parliamentary blocs to prepare for holding the next meeting of the Preparatory Committee of the National Conference, referring to his belief that the initiative of the return of Iraq to the meetings of the Council of Representatives, contribute to the creation of climates better prepare for meetings of the National Congress is expected to take place next month.

link

Barzani decided to declare the establishment of an independent Kurdish state (?) ...

01/30/2012

Barzani decided to declare the establishment of an independent Kurdish state

Newspaper reported Iedenlk Turkey, today, that the President of the Kurdistan region of Iraq, Massoud Barzani decided to announce the establishment of an independent Kurdish state could open the way for the historic results in the region.

The newspaper pointed out on Monday, that order will hold meetings with the Kurdish parties in the forefront of the Patriotic Union of Kurdistan, headed by President Jalal Talabani to try to convince them.

Baghdad, Called specialists in economic affairs to the country out of Chapter VII imposed by the UN, to give the trader freedom to deal int'l ...

Monday 01/30/2012

Traders are pulling hard currency of the country

Baghdad, Called specialists in economic affairs to the country out of Chapter VII imposed by the United Nations, to give the trader the freedom to deal with international banks sober and well-known in the process of transfer of funds (money orders) when the importation of goods from abroad, for fear of exposure of the dinar to money laundering Or embezzlement by shell banks and informal in most countries of the world, calling the talk of the Agency (news) to move toward the United Nations to lift the seventh item in the same time, central bank possesses large reserves of hard currency to meet the said member of the Economic Council Representatives Nora Salem: The well-known international banks do not deal with the Iraqi traders they deal in huge amounts, and Iraq still implies under Chapter VII, they are afraid of dealing with countries subject to this item.

The Salem, according to the Agency (news) there is a bold decision issued by the Economic Committee of the Council of Ministers established the Bank shareholder participation by local and international banks in order to facilitate the work of traders and investors in the process of transferring large sums of money to and from Iraq, calling for the necessity of applying for the protection of the funds loss of local government and called Salem, and House of Representatives to move towards the lifting of what it called "the injustice of the seventh item" on Iraq, the fact that there are many things Iraq has stalled because of this separation imposed by the United Nations.

It continued that the Iraqi trader has a big role in the laundering of funds Iraqi since it deals with the banks is not an official because of Chapter VII imposed on Iraq has dismissed a member of the Economic Commission Vice Qusay Fri incidence of money laundering Iraq during the current period, particularly in Baghdad, the fact that there is tight control of by the central bank the money to leave and enter the country, but fear the exposure of funds to the embezzlement of the Iraqi trader.

Juma said, according to the Agency (news): expanded meeting was held between the Economic Commission representative and the Department of money laundering of the central bank, and notified us of a central bank with adequate information and the development of treatments sufficient for the emergence of any cases of money laundering or the like. Makdaadm the phenomenon of the process of bleaching money, but there are operations to drain the difficult process of Iraq, the Iranians and the two walls as merchants as a result of the deterioration of their currency because of political turmoil in which they live, stating: There are traders from Iran and Syria to withdraw their dollars from Iraqi banks and local markets, which led to the depletion of foreign currency in Iraq.

While the economic expert called on behalf of the beautiful to the need to deal with the Iraqi trader staid banking world, known in its financial transactions in order to obtaining the financial guarantees in light of the smuggling and money laundering, as a result of the deteriorating political situation in the region, especially in Syria and Iran.

Jameel said, according to the Agency (news): Iraq still under Chapter VII, making the dealer restricted from dealing with international banks in the process of turning his money through the import of commodities and goods from abroad, despite the fact that international banks provide guarantees to enter the goods match the specifications and they refused to deal amounts of imports of goods shipped by the poor, calling for the need to lift the seventh item on Iraq to facilitate financial transactions with international banks.

The Anton: that bank credit is a form of systems to ensure the trader and exporter of handing the funds against the shipment of goods according to the specifications, noting that the Iraqi trader is now paying a portion of exaggeration or all of the processed and shipped his goods without the presence of safeguards and controls on the type of imported goods to the interior, especially with Iran which lead to money laundering operations and other operations outside the law.

For his part, Chairman of the Economy Bank Husam Obeid on the importance of raising Iraq's Chapter VII as a grant to the Iraqi banks to deal with the international banks.

The Prime Minister said, according to the Agency (news): Iraq is still bound to item VII of the UN, thus affecting the work of Iraqi banks being given a bad reputation in its external and international, which led to the refusal of international banks to deal with Iraqi banks and merchant Iraqi import of goods from abroad.

Calling for the need to remove Iraq from Chapter VII being granted the freedom to deal with international banks, particularly the States represented the UN Security Council, calling the move towards the lift for the advancement of the Iraqi economy and Ttaiwiraml Iraqi banks.

To that, the central bank possesses large reserves of hard currency to cope with the phenomenon of demand, indicating that there are internal and external factors behind this phenomenon.

The bank said in a statement issued yesterday that he "has foreign reserves of the large, high-capacity in the face of any potential caused by the growing phenomenon of demand for foreign currency based on the monetary policy instruments available to control the levels of liquidity and cash flows in order to achieve the desired economic stability.

The bank said that "the phenomenon of high demand for foreign currency in the window of the Iraqi Central Bank for the sale and purchase of the dollar in recent weeks, linked to the increasing public expenditure and its impacts on the behavior of individual demand in the market for foreign currency, which is a standalone application locally on goods and services and external benefits."

He said the bank that "the situation and the complexities in some regional countries surrounding Iraq and exposed to the problems in international economic relations has cast Bdilalha are other currents in the formation of additional non-directly in the demand for foreign currency through the overlapping regional trade and the various ways of funding."

The central bank has revealed on the sixth of January 2012, a rise in foreign currency reserves to $60 billion for the first time in the history of Iraq, after it had been in 2010 had reached $ 58 billion.

The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, on the ninth of January 2012, that the high exchange rate of the dollar against the dinar in the local markets in addition to the high central bank sales of foreign exchange, trade finance due to the neighboring countries of Iraq by the merchants.

The central bank held daily sessions for the sale and purchase of foreign currencies with local banks, which finances the traders from the private sector, excluding public holidays on which depends the World Bank for these auctions, the sales, either in cash or in the form of money orders sold abroad in return for a commission of certain.

link

"The MENA Region in the International Arena"

January 30, 2012

"The MENA Region in the International Arena"

Keynote address by HE Abdalla S. El-Badri, OPEC Secretary General, to the Middle East & North Africa Energy 2012, Investing for the Future in Turbulent Times, Chatham House, London, U.K, 30-31 January 2012.

Ladies and gentlemen: Good morning.

Let me begin by thanking Chatham House for inviting me to speak about the Middle East and North Africa - MENA.

With an estimated population of more than 300 million people, the countries of the MENA region have a great diversity of people, languages and cultures. They also have many things in common, which has given them a strong sense of identity.

Some call the MENA region the "cradle of civilization". Three of the world's major religions began there. And it has certainly played an important role in history.

But I am not here to talk about religion or ancient history. I will leave that to someone else. I would like to speak about OPEC's Member Countries in MENA - their role in the energy balance and their importance to the rest of the world.

The MENA Region

The MENA region's geographic position - and its abundant natural resources - have given it immense strategic importance. And its circumstances have become closely linked to the stability of the rest of the world. This is why it should always be kept in a state of peace and tranquillity.

Unfortunately this has not always been the case. Recent events have illustrated how delicate things are. Unrest of different sorts has spread across the MENA region for months - and this has affected oil supply levels.

CBI: Commencement of the examination to provide legislation to legalize the process of removing zeros from the currency

January 31, 2012

CBI: Commencement of the examination to provide legislation to legalize the process of removing zeros from the currency

Baghdad, The Central Bank of Iraq had begun to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of legislation setting out the mechanisms and controls the process of removing three zeroes from the local currency, stressing that its law gives him the powers of a change in their local currency.

This comes at a time confirmed the Parliamentary Finance Committee, the central bank lingered in the provision of a bill to delete the zeros from the currency to the Committee for the purpose of his study, confirming the same time the law was passed that would give Iraq an opportunity to address inflation.

And inflation is the excessive rise in the general level of prices and higher cash income as well as high costs and create excessive cash balances.

It is expected to increase inflation in the budget in 2012 due to continued attention to the operational aspects at the expense of the investment part of the budget.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that "the CBI submitted a working paper for the project to delete the zeros of the local currency to the Council of Ministers for the involvement of ministries and agencies in the process of deleting the requirements of the zeros to prevent harm from the process."

Saleh added that "the central bank is considering sending a bill to the House or not because the law gives the Central Bank of implied powers to delete the zeros of the local currency."

He continued that "the proposed deletion of zeros from the currency needed to raise the awareness of national popularity and status of the regulations limiting the phenomenon of currency manipulation during the replacement period"

link

Parliamentary Finance: Central lingered in the provision of a bill to delete the zeros

January 29, 2012

Parliamentary Finance: Central lingered in the provision of a bill to delete the zeros

Baghdad, The parliamentary Finance Committee, Sunday, to loiter in the Central Bank to introduce a bill to delete the zeros from the currency to the Committee for the purpose of his study, saying the law was passed that would give Iraq an opportunity to address inflation.

A member of the Committee Najiba Najib told the Kurdish news agency (Rn) that "the central bank lingered in the provision of a bill to delete the zeros of the local currency to the Finance Committee to study and add some stuff it and then submitted to the House of Representatives for the purpose of voting upon approval."

He added that the "delete the zeros of the most prominent treatment of the local currency to solve the problem of inflation with the expansion of the investment plan of the budget and reduce spending."

And inflation is the excessive rise in the general level of prices and higher cash income as well as high costs and create excessive cash balances.

It is expected to increase inflation in the budget in 2012 due to continued attention to the operational aspects at the expense of the investment part of the budget.

She noted that the deletion of zeros from the currency requires a "big job", because this task requires the provision of economic security for the commercial market in Iraq.

The Iraqi government says that the process of deletion of zeros from the local currency will increase the phenomenon of money laundering and is working to convince the central bank need to stop work on the project.

And harmony of the Securities of the government's position to delete the zeros and says that adversely affect the financial trading in the stock market.

The Central Bank of Iraq four branches in Basra and Sulaymaniyah, Erbil and Mosul, where the established bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March / March 2004, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of and currency management, in addition to the organization of the banking sector.

The main Manmam Central Bank in managing monetary policy in the country and raise the level of the values ​​of the Iraqi dinar and tackle inflation in the country.

link

Sunday, January 29, 2012

Poof ~ Sunday, January 29, 2012 ~ Mopping Up ...


Sunday, January 29, 2012

Superstition - Stevie Wonder

http://www.youtube.com/watch?v=_ul7X5js1vE

http://www.youtube.com/watch?v=37-yFGJngPs&feature=related

Very superstitious, writing's on the wall.
Very superstitious, ladder's 'bout to fall.
Thirteen-month-old baby broke the looking glass.
Seven years of bad luck, the good things in your past.
When you believe in things that you don't understand, then you suffer.
Superstition ain't the way.
Hey, hey, hey.

Ooh, very superstitious, wash your face and hands.
Rid me of the problem, do all that you can.
Keep me in a daydream, keep me goin' strong.
You don't wanna save me, sad is my song.
When you believe in things that you don't understand, then you suffer.
Superstition ain't the way.
Hey, hey, hey.

Very superstitious, nothing more to say.
Very superstitious, the devil's on his way.
Thirteen-month-old baby broke the looking glass.
Seven years of bad luck, the good things in your past.
When you believe in things that you don't understand, then you suffer.
Superstition ain't the way.
Hey, hey, hey.
Very superstitious.

Greetings and Salutations;

Well what began last sunday, finally got out. Yes, massive arrests happened, mostly in europe of bankers who wanted to call the dragon's bluff, then the begging for forgiveness began. Never call a dragon's bluff. Last week's news letter gave everyone a head's up about what time it is, some just chose not to believe it and paid the cost.

http://the2012scenario.com/2012/01/taibbi-good-foreclosure-deal-could-open-the-door-to-ending-up-with-half-of-wall-street-in-jail/?utm_source=rss


The political arrests soon come. Only THAT will finally get the american people's attention. No one is getting away with anything, what and start this crap all over again? When change comes old beliefs go to the wayside, truth replaces it and some you may be uncomfortable with. Who says there's no cure for cancer, only they who have a vested interested in keeping the money game running, as there is more money in 'treating' than curing. The folks in the rafters have been watching all along and accepted the council, to activate at this time, what they were told to put in place now. There is no power on earth that CAN stop what's coming down right now. And it's not like the bad guys didn't know their day of justice was coming.

Going Global Headline News for Sunday, January 29, 2012 ...

Trade ministers hopeful for Doha Round future ...

Arab League staff in Baghdad for summit preparations

Sunday's memo ~ Bank of America shuffles investment banking leaders

Parliament: the central bank faces the problem of smuggling hard currency to Iran

Iraqi Dinar, CBI and Chapter 7 ~ Hard currency traders are pulling out of Iraq .. The seventh item on the merchant to make deals with banks is sober

Iraqi officials outraged by use of US drones: report

Keystone to be linked to U.S. highway bill: Boehner

phoenix mentions .. link .. HAPPY BIRTHDAY GOD OF WEALTH ...TODAY JANUARY 28TH ...! celebrations continue until Feb. 6th.

China calls for calm after Philippine offer to US

Poof ~ Sunday, January 29, 2012 ~ Mopping Up ...

Expected delay in the Iraqi budget disagreements with the emergence of new

On Monday The world's eyes will switch to the much anticipated EU summit as world leaders slam eurozone foot-dragging on debt crisis ...

Tuesday ~ Iraqiya party ends parliament boycott Will Return Tuesday ...

Tuesday Budget ~ House of Representatives is moving to amend the draft budget

Audit: $2B in Iraq funds unaccounted for

Next week will show the agenda of the National Conference held in February

Iraq Central Bank: confirm the face of the growing phenomenon of its demand for foreign currency

Going Global Headline News For Saturday, Jan. 28th and Early Sunday, Jan. 29th 2012...

Trade ministers hopeful for Doha Round future ...

Related articles .. Link .. Nations Agree on Framework for Asia-Pacific Trade and .. link .. Obama and Republicans cooperate to move trade pacts ... and .. link .. ***Free Trade Deals~ Republican victory in U.S. could speed along Korea-U.S. free trade agreement

1/29/2012

Trade ministers hopeful for Doha Round future

DAVOS, Switzerland, Trade ministers and business leaders are not giving up on the much-delayed Doha Round of global trade negotiations, but they admit that it is not in the best of health. "Doha is not dead," Craig Emerson, Minister of Trade of Australia, told participants at the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland. "I think there's enough life in the Doha Round to persist with it."

Arab League staff in Baghdad for summit preparations

1/29/2012

Arab League staff in Baghdad for summit preparations

CAIRO, An Arab League delegation is set to head to Baghdad on Monday for a four-day preparation visit of the Arab Summit, scheduled at the Iraqi capital in late March.

The delegation will be headed by the Deputy Secretary General Ahmad bin Helli.

Speaking to reporters at the Arab League's headquarters in Cairo, Bin Helli said that the preparations, which include logistical and technical issues, will be discussed with Iraqi senior officials.

The summit was postponed from last year, and is the first held in Iraq since the fall of former late president Saddam Hussein.

link

Sunday's memo ~ Bank of America shuffles investment banking leaders

January 29, 2012

Bank of America shuffles investment banking leaders

Bank of America Corp is shaking up the leadership of its investment bank as it looks to find its footing in a difficult market environment.

In the reorganization, Christian Meissner will become head of global corporate investment banking, while two former co-heads of the unit will take on new roles, according to a memo sent to employees on Sunday by co-chief operating officer Tom Montag that was obtained by Reuters.

Parliament: the central bank faces the problem of smuggling hard currency to Iran

29/01/2012

Parliament: the central bank faces the problem of smuggling hard currency to Iran

Baghdad / Orr News

A commission of economy and investment representative for the Iraqi Central Bank to take a new financial measures in the coming days to curb the smuggling of hard currency.


A member of the Committee of Economy and Investment parliamentary deputy for the coalition in Iraq Qusay Friday "is that a meeting took place recently with the Chairman of the Commission on Money Laundering and the Deputy Governor of Central Bank of Iraq and the Central Committee and the Economic Commission to discuss the issue of smuggling of foreign currency to Iran in order to solve this problem and find effective solutions to them."

Iraqi Dinar, CBI and Chapter 7 ~ Hard currency traders are pulling out of Iraq .. The seventh item on the merchant to make deals with banks is sober

Sunday, January 29, 2012

Economists: hard currency traders are pulling out of Iraq .. The seventh item on the merchant to make deals with banks is sober

He specialized in the economic importance of removing Iraq from Chapter VII imposed by the United Nations to give Iraq in general and the Iraqi trader in particular to deal with the international banks sober and well-known in the process of Transfer of funds (money orders) when the importation
of goods from abroad, for fear of the vulnerability of Iraqi funds to money laundering or to embezzlement by shell banks and informal in most countries of the world, calling the talk (of the Agency news) to move toward the United Nations to lift the seventh item on the Iraq.

A member of the Economic Commission MP Nora Salem: The international banks known not to deal with Iraqi traders they deal in huge amounts, and Iraq still implies under Chapter VII, they are afraid of dealing with countries subject to this item.