CURRENT ECONOMIC AND POLITICAL NEWS EVENTS: BRINGING OUR WORLD (EAST AND WEST) CLOSER TOGETHER TO FORM A GLOBAL SOCIETY ~ LOOK FOR GLOBAL CURRENCY NEWS AND UPDATES ON GLOBAL AND REGIONAL CURRENCIES: ASIAN, MIDDLE EAST, LATIN AMERICA, EMERGING MARKETS, ALONG WITH THE EURO AND THE U.S. DOLLAR ...
Council members will be briefed tomorrow morning (8 May) on the UN Supervision Mission in Syria (UNSMIS) in closed consultations by UN-Arab League Joint Special Envoy Kofi Annan (via video-link) and Under-Secretary-General for Peacekeeping Hervé Ladsous. (Resolution 2043, which authorised UNSMIS on 21 April for 90 days, requested reporting on the mission twice monthly.)
Annan is expected to update the Council on his mediation efforts since his last briefing on 24 April. Council members will likely be interested in hearing what the Syrian government has done to implement its earlier commitments under the six-point plan (which it agreed to on 25 March). Many Council members are concerned that the pre-condition for a sustained cessation of violence—the Syrian government’s halting troop movements and withdrawing heavy weapons from population centres—has not been fulfilled. (Media reports indicate a significant uptick in violence after a short lull following the 12 April deadline for cessation of violence.)
The IMF recently proposed the introduction of a new Global currency – issued by a world bank – called the BANCOR which would replace the Dollar as the worlds reserve currency and the official IMF document can be downloaded from here. Russia, China and various other nations have openly been calling on the IMF to introduce a new global currency to replace the failing and collapsing dollar, amid fears that the dollar reserves which they hold will very soon be devalued to the point where it would place these nations in serious deficit.
“That will Never Happen!”
For years we have been warning people about the engineered global financial collapse only to be met with common rhetoric – “That will never happen! They would never do that!” - in a similar way to when people were responding to our warnings 20 – 30 years ago that their will one day be a United States of Europe with a common currency called the Euro-Dollar issued by a European Central Bank.
CAIRO, Former Arab League Secretary-General Amr Moussa and independent Abdeul Moneim Abul Fotouh are leading presidential candidates in Egypt, poll data indicate.
Egyptians head to the voting booth later this month for the first election since a popular uprising in early 2011 forced longtime President Hosni Mubarak from power.
A face-to-face poll of 1,200 likely voters, conducted by Egyptian news service al-Ahram early last week, found Moussa and Fotouh, a former Muslim Brotherhood member, were the leading candidates for this month's election.
The poll data indicate that Moussa was backed by 39 percent of those taking part in the survey, while Fotouh was favored by 24 percent of the respondents.
Al-Ahram found that nearly all of the Egyptians it interviewed said they would likely vote in the election, though 40 percent said they still didn't have a favored candidate.
There are 13 candidates campaigning for president in Egypt. Elections take place May 23-24.
Al-Ahram didn't provide the statistical margin of error for its poll. Some governorates were excluded from the poll because they represent less than 2 percent of the Egyptian population
On May 1st, President Barack Obama signed a new Executive Order which opens the door for the United States to give up economic and environmental sovereignty through the promotion of a single international regulatory system.
This regulatory system would seek to globally streamline cooperation between nations for trade, environmental, and legislative processes on the international stage.
Section 1. Policy. Executive Order 13563 of January 18, 2011 (Improving Regulation and Regulatory Review), states that our regulatory system must protect public health, welfare, safety, and our environment while promoting economic growth, innovation, competitiveness, and job creation. In an increasingly global economy, international regulatory cooperation, consistent with domestic law and prerogatives and U.S. trade policy, can be an important means of promoting the goals of Executive Order 13563.
IMF Executive Board Concludes 2011 Article IV Consultation with Myanmar
On March 19, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Myanmar.
Background
Against the background of economic and political reform momentum, growth is picking up modestly. Real GDP growth is estimated to have increased to 5.3 percent in FY2010/11 (April-March) helped by fiscal spending in the election year and buoyant commodity exports. Growth is projected at 5½ percent in FY2011/12 and is expected to increase to 6 percent in FY2012/13, driven by commodity exports and higher investment, supported by improved business confidence. CPI inflation, at 6.4 percent (year-on-year) in October 2011, is projected to decline to 4.2 percent in FY2011/12 from 8.9 percent in FY2010/11, mainly due to lower food prices and less deficit monetization. Inflation is expected to pick up in FY2012/13 to 5.8 percent as the recent drop in food prices phases out.
The parallel market exchange rate of the kyat has appreciated by 29 percent in nominal effective terms since end-FY2009/10, primarily due to large inflows, which cannot find an outlet due to the ‘export-first’ policy that restricts private imports to the availability of private export earnings.
**Trade the Dinar - Airtime: Wed. Oct. 28 2009 - CNBC - Erin Burnette and Cramer @LINK From a couple of years ago .... but always worth watching again ...
National Business Council held a seminar attended by Skinner to discuss the customs tariff law
Hold the Iraqi National Business Council on Wednesday a seminar discussion in the presence of economic and government spokesman Ali al-Dabbagh.
The symposium will address the customs tariff law which is supposed to do in the next month, June, and also the subject of inspection certificates for imported goods.
Political crisis and its solutions in a meeting attended by Talabani and Maliki
Call moves to abort the withdrawal of confidence from the government with Al «morning» that President Jalal Talabani and Prime Minister Nuri al-Maliki will hold a meeting «important» such as the national meeting, said a coalition of law its commitment to hold the national meeting, despite the assertion that the dissolution of parliament is an option, As rejected the Iraqi List and the Kurdistan Alliance bloc to hold early elections.
Budget did not address the problems experienced by the real economy
Experts unanimously agreed on the need to be reflected positively on the citizens
The whole economic experts on the need to address the state weaknesses and imbalances in the general budget to be remedied in the coming years, to arguing that the budget did not address the suffering of the Iraqi economy drastically, as problems of poverty and unemployment, at a time see it concerned the importance that so they can be studying aspects of the budget and to achieve the highest possible benefit, especially at both the investment and development, said an economist in the Office of Financial Supervision of a bug in the value of calculated oil revenue, suggesting that the Ministry of Finance was surrounded note about it has promised to address it during the next year. He said experts at the Economic Forum expanded has been held in Baghdad recently and held the title of ((the federal budget for 2012 .. the reality and strategy)) that balances the past of the country did not achieve much on the levels of investment and strategy, and even it has failed on numerous occasions in the treatment of some lapses economic that has plagued Iraq, in the absence of strategic planning of the budget and siding allocations for the operational side of them at the expense of investment, according to experts involved who said: The investment is in charge of capital accumulation and therefore, attract revenue factor that can enhance the resources of the federal budget.
A small but increasing number of investors are trading emerging-market currencies against each other, rather than against the dollar, say analysts and traders.
Unusual "crosses," such as the South African rand versus the Israeli shekel and the Mexican peso against the Brazilian real, are becoming more common, some investors say, as volatility has ebbed and trading volumes in emerging-market currencies have risen.
During the meeting with the Japanese Ambassador. Jaafari stresses the need to accelerate the national forum was held with the participation of all political forces
Baghdad, Dr. Ja'afari confirmed that the Iraqi National Alliance is open to all different viewpoints and forces posed, political blocs sought to confront all showing the challenges to the political process and the completion of the construction of State institutions.
This came during a meeting in his Office in Baghdad on Monday, Japanese Ambassador in Iraq by Ken mokaeio.
According to a statement by the Office of Al-Jaafari received (News Agency news) on Monday: that meeting included ways to strengthen bilateral relations and open horizons of joint cooperation in the area of investment and economy between the two countries.
Deputy held a Conference to promote the reality of private banks coming mid-June
Baghdad, The parliamentary Finance Committee member works and placeholders for the Kurdistan Alliance Conference, Najib Risalat advancement eligibility banks reality in Iraq from mid-June to legislative terms this year.
Najib said for/JD/"the Cabinet agreed to the request made to them regarding the establishment of a Conference on the advancement of Iraq's civil banks reality", noting "held meetings with the Deputy Governor of the Central Bank," the appearance of Muhammad "and Director General of banks" and "Zia mother with the cpi and Director General of the Iraqi bank of Commerce" dry "about this hamdiya Conference".
Najib said "the purpose of these meetings is to arrive at ideas we can make the Conference which I work." Najib confirmed "dates for the holding of the Conference which examines advancement eligibility would be mid-reality banks next month."
Member of the Finance Committee noted and Parliamentary Deputy for the Kurdistan Alliance that "the invitation to attend the Conference to many private banks and governmental University professors.
Dubai, President of the Bank "Warka Investment," Saad structure, the decision to the Iraqi Central Bank to impose "legal guardianship" on his bank, saying that the decision is not based on a direct cause, and does not meet the conditions of custody, while rejecting the Central Bank Governor, Sinan Shaibi , comment on the decision.
The structure, in a statement to CNN Arabic, "The Central Bank of Iraq put Bank of Warka under guardianship, under the pretext of protecting the citizen and the monetary policy in general, based on reports of low liquidity directly in the bank, against the backdrop of the withdrawal of the government to Odaúaha."
He added that the structure of the Iraqi Central Bank "used the" bad situation to some extent, low liquidity, to impose the so-called "guardianship," noting that "the documents indicate that the assets of the Warka Bank and more than cover the needs."
The structure of that "official documents, which can be displayed if necessary, refer to the strength and durability of Bank of Warka, the invalidity of the right of the central bank was placed under tutelage, and through the figures and data that indicate the health of the economic policies that reflected the size of assets and deposits, and the number of accounts and customers in the bank.
"he continued, CEO of Warka, in his statement to CNN in Arabic, that" the subject bank under guardianship, is illegal, a kind of conspiracy to bring down the bank, which contrary to its interests with the interests of gangs in the Central Bank of Iraq. "
It is noteworthy in this regard to the existence of explicit comments on the lips of official figures in the Iraqi government, describing the central bank's move Warka Bank developed under the tutelage of "illegal."
The response of the Iraqi Central Bank on the lips of Governor, Sinan Al Shaibi, in a telephone interview conducted by CNN in Arabic, saying: "I have no new information on the issue of Warka Bank."
He declined to comment on the remarks Shaibi a public officials in the Iraqi government, preferring to be sent written questions to his office, which was to call in advance, has not shown any willingness to help. In this regard, that the decision of custody of the Bank "Warka Investment", the fourth and trusteeship imposed by the CBI, who is responsible for monetary policy, since the law of private banks in 1991, as already imposing guardianship on the "Iraqi Islamic Bank", then the bank, "the pond" , and the Bank "National Basra." According to bankers Iraqis, the Warka Bank is cause for lifting the trusteeship Iraqi Islamic Bank, Bank of the pond, while stopping the Iraqi Central Bank unable to timely help either.
Parliamentary economy Committee: postpone hosting Shaways until further notice
Baghdad, The Parliamentary Committee, postpone the investment economy hosted the Deputy Prime Minister for Economic Affairs rozh Nuri Shaways and Central Bank Governor Sinan Al-Shabibi until further notice.
It is hoped that today host Shaways in Committee after hosting Sunday Shabibi on the background of the fluctuating dinar against the dollar.
An official source said Monday: Deputy Prime Minister rose Nuri Shaways apologized for hosting because its presence, stating: that Sinan Al-Shabibi also apologized for attendance today hosted dimensions on for four hours.
The Iraqi market is among the notable rise in the dollar against the Iraqi dinar, dollar-buying hair in some days to 1,300 dinars while the price fixed by the Central Bank until this day is 1166 dinars up 134 dinars per dollar is equivalent to approximately 11 per cent of the officially specified price. source
Exchange rates lift planning budget 96.9% in response to the request of the Baghdad governorate
Baghdad, stressed the province of Baghdad, today, in response to the Iraqi Ministry of Planning to the demands of the province about the inaccuracy of rates of exchange completion of the budget that announced earlier confirmed that the planning has reviewed the data provided by the province, which led to an increase rate of exchange completion province to 96. 9%.
The governor of Baghdad Salah Abdul Razzaq in a press statement, today, received / JD / copy of "The Ministry of Planning responded to the demands of the province and made an amendment to the figures on the disbursement of its budget for 2011 to reach 96.9% instead of 69% announced by the earlier ".
Investment Authority, calls to amend the Act 13 of 2006 and declare the provision of loans to investors
Called on the National Investment Commission, Sunday, to re-consider a number of laws, and to make amendments to the task, noting that it is working to encourage the Iraqi investors through the provision of soft loans and financial facilities to them.
The head of the National Investment Commission Sami Raouf al-Araji, conference and meeting Iraq's energy second meeting on the land of the University of Baghdad, attended by "Twilight News", that "practical experience undergone by the body by dealing with investment companies wishing to invest in Iraq demonstrated the need to re-consider a number of laws and make amendments to the mission, first and foremost a second amendment to the Investment Law No. (13) for the year 2006 rate, to mature regulatory environment encouraging investment in Iraq and various sectors. "
United Nations is working with the Iraqi government to support the new National Development Plan
United Nations announced on Monday, working in cooperation with the Iraqi ministries spearheaded planning for the development of the new national development plan in Iraq.
The Iraqi government has allocated $ 186 billion five-year plan for the implementation of which $ 100 billion of public budgets of the country and the remaining $ 86 billion of investment projects of local and foreign.
According to the CBI that five-year plan adopted by the Iraqi government dominated by theoretical and shall address the impediments to its implementation as soon as possible for the advancement of economic development in the country.
He said UNDP Administrator of the United Nations in Iraq, Peter Batchelor's "Twilight News" that "the United Nations is working in cooperation with the Ministry of Planning and other ministries to develop a new national development plan in Iraq."
Snip ~ "And on the value of the dinar Najib stressed that Shabibi pledged to raise the value of the dinar, and again in a short period and across a very solid mechanics, attributed the reasons for minimize and, according to conservative interpretations of the external and internal factors"
Thanks again to bama for the following article ... 05/07/12
Shabibi Parliament undertakes to raise the value of the dinar
Baghdad: As promised JD central bank governor and hosted during the day yesterday in the parliamentary Finance Committee raised the value of Iraqi dinar to better than it was before the start Ptzbzbh through the mechanics of solid and secure, the bank announced the auction on the sale of $ 190 million during the auction on Monday.
Erbil and threatening to withdraw confidence from the government
Baghdad, MP for the Iraqi List, Hamid Zobaie that Iraq held a meeting under the chairmanship of the House of Representatives Osama Najafi and Deputy Prime Minister Saleh al-Mutlaq in the presence of a large number of members of the Iraq reached 60 members.
Zobaie said in a statement to Agence {Euphrates News} on Monday that "the meeting Iraq was the first instance to prove that the list is coherent and there are no splits as picked up by some media. " and noted that "Iraq has taken an official position united is the need to continue to apply the terms of the Erbil and implement what was agreed upon during the formation of a government of national partnership if the There are serious with the brothers in the state of law.
Baghdad, praised President Jalal Talabani relations strong between Iraq and Russia at all levels. and A statement said Talabani, in a telegram in which he congratulated President Vladimir Putin on the occasion of his accession to office as President of the Russian Federation received by the agency {Euphrates News} a copy of "Iraq is proud of a very historical ties that bind Russia and seek to document and expand in all fields, political, economic and oil, military, cultural and others.
and added that "the pivotal role played by the Russian Federation at the international level contribute to strengthening the pillars of stability, peace, cooperation, and promote a climate of dialogue aimed at enabling people to achieve their aspirations without violence or bloodshed.
Iraq asks to host the General Assembly meetings in Baghdad next year
Erbil - where Union called the Arab League to host Iraq for meetings of the General Assembly of the Arab Union next year. The vice president of the Arab League and former president of the Iraqi football Hussein Saeed told all of Iraq [where] the day of "optimism about Iraq's right to host this event during the year 2013.
He Said that "the Algerian made a similar request during the Ajtmat the General Assembly of the Arab Federation in the Lebanese capital Beirut, and has met with Iraq's request quite welcome to members of the Assembly shall be referred to the bidding in 2013 to vote."
Shabibi vows to Parliament to lift the value of the "Iraqi Dinar"
Baghdad: with "the Governor of Iraq's Central Bank", promised during the hosted yesterday in the parliamentary Finance Committee to raise the value of the Iraqi dinar to better than it was before slumping over solid and secure mechanisms, the Bank sold auction 190 million dollars during auction on Monday.
The Commission was the opening offers selling and buying the dollar daily twenty-ninth after 2,000 for the sale and purchase of foreign currency at the Central Bank of Iraq for Monday 7/5/2012, the total number of contributing banks in the auction 16, base price, which awarded it the sale $ JD/1166, with total amount sold by the Bank to the price the advertiser (000153190).
At the Asian Development Bank 45th Annual Meeting, Manila, Philippines, Opening Remarks by Naoyuki Shinohara, IMF Deputy Managing Director
Good afternoon. I am very pleased that we have come together today for the second in the series of annual seminars organized jointly by the Asian Development Bank and the International Monetary Fund. This year, we are also fortunate to be partnering with the Bangko Sentral ng Philipinas—the Central Bank of the Philippines.
Today’s topic—Reforming International Financial Safety Nets—may seem obscure to some of you. But I assure you it is highly relevant for all of us. As we heard during the ADB meetings these past few days, positive economic news continues to come out from Asia and emerging markets in other parts of the world. Indeed, at our own Spring Meetings two weeks ago in Washington, many of the IMF’s 188 member countries confirmed that growth prospects appear considerably brighter than they did only a few months back.
Thanks to bama for the following ... Monday 05/07/2012
Package of the most important votes on the laws of the Unified Retirement Law of the latest anti-money laundering and terrorism financing
Baghdad, House of Representatives voted yesterday Monday to exempt Secretary of Baghdad, Sabir al-Issawi or not in addition to voting on the formation of the Supreme National Commission for Accountability and Justice. Source told parliament that he "was voted during the session on Monday to form a Supreme National Commission for accountability and justice and vote on a resolution seeking asylum from Iraqi exiles forcibly removed from European countries and to vote to approve the allocation of pensions or modified
Assad is moving Scud missiles to the Israeli and Turkish borders. This has everything to do with the massive Israeli reserve call up last week of 22 batallions and also the biggest drill Jordan has had with America and 15 other countries starting tomorrow in Jordan on the Syrian border that will last 3 weeks and will involve over 8,ooo personel. People need to pay close attention to this rapidly expanding event-this is a War alert!
US-Jordan Exercise "Eager Lion 12" will be held from May 7 to May 28 and will involve 15 other countries
link to ..www.alarabiya.net The Israel Defense Forces have issued emergency orders calling up six reserve battalions to the Egyptian and Syrian borders and could summon an additional 16 if necessary, the Times of Israel reported Wednesday.
link to .. www.theblaze.com Syria Moving Scuds to Israel, Turkey Borders – Report
We're Still Looking for The RV .. And .. Look for the Erbil Agreement to be settled and look for outstanding issues being resolved between Iraq and Kuwait. Hopefully, by June 1st, UN Chapter 7 Sanctions will be lifted (before or after the rate change is the question)
Monday, May 7th .. Barzani calls for the presidency and the leadership of the Sadrist line to come to a consultative meeting in Arbil, the seventh of May next to resolve the current crisis in the country..
Wilson Pickett — Get Me Back On Time, Engine Number 9 lyric
Engine, engine number 9, Can you get me back on time? Move on, move on down the track, Keep that steam comin' out the stack, Keep on movin', Keep on movin', keep on movin'
Engine, engine number 9, Keep on movin' down the line, Seems like I've been gone for days, I can't wait to see my baby's face, Been here, been so long since I held her, Been so long since I held her, Been so long since I held her, Been so long since I kissed her
Engine, engine number 9, Move on, move on down the line, Seems like I've been gone for days, I can't wait to see my baby's face, Move on, move on, move on, Got to get on, I got to get there
Oh, this soundin' alright? I think I'm gonna hold it a little bit longer, I'm gonna let the boys do this a little bit
Keep on movin', Keep on movin', keep on movin', Move on, move on, Get, get, get, get it, Got to, got to, got to, Got to, got to get it
Move on, Lord have mercy, Feel alright then, Keep on movin', keep on movin', Got to keep movin', gotta get, Gotta, gotta, gotta, gotta, gotta, gotta, Gotta, gotta, gotta, gotta keep movin'- It's alright, Play your guitar, son, Get it, Get it, Get it
Feel alright, Get me to my baby's place, Got to hold her in my arms .. Move on
Greetings and Salutations;
Another wild week of progress to the finish line. I am amazed to find folks willing to go for it. There were some clowns out there that thought they could pull off, the biggest heist in history and get away with it The dumb thing that wasn't factored into their plans is, the biggest heist has already happen, so their attempts were kind of redundant. Don't for an instant, think you can out wit, the matrix, is my best advice to anyone.
Kuwaiti Ambassador: all outstanding issues resolved
Baghdad, Revealed the Kuwaiti ambassador in Baghdad to the insured on Sunday, that all outstanding issues were the Convention to them "on paper", pointing out that the common fields are the only two fields and we will settle the issue by visiting Kuwaiti Prime Minister end of this year, stressing determine the quantities and the right of every State in the these fields. He told the believer "Baghdadi News" that the Iraqi-Kuwaiti relationship distinct from earlier and there are things that are not measured in the political situation, but in good faith and common interests and the neighborhood, pointing out that the intention will be reflected at this stage
More on the convergence of Iraq and Kuwait from senior leadership and joint committees.
Fears of martial law have been stoked by the announcement that Airborne troops from Russia and the United States are joining forces in anti-terror drills at Denver Colorado from May 24th to May 31st. The reports come from the Xinhua news agency and from the Russian news outlet RIA Novosti.
Russia, U.S. to Hold Anti-terror Drills in May
2012-04-20 Airborne troops from Russia and the Untied States would hold joint anti-terror drills in the U.S. state of Colorado between May 24 and 31, spokesman of the Russian Defense Ministry Col. Alexander Kucherenko said on Thursday.
According to the spokesman, it will be the first time that the Russian airborne forces have held exercises with the U.S. airborne forces on the U.S. territory.
"According to the exercise scenario, soldiers of the two countries will hold a tactical airborne operation, including the reconnaissance of imaginary terrorists' camp and a raid," Kucherenko said.
"After the operation, a helicopter will evacuate the soldiers," Kucherenko said, adding that the Russian soldiers will also exercise with the U.S. special service weapons in the drills in Fort Carson, Colorado.
Besides, the spokesman said, the Russian group will arrive a week ahead of the drills and attend a baseball game in the city of Colorado Springs.
Putin to be sworn in as president of divided Russia
Vladimir Putin will be sworn in as Russia's president at a glittering ceremony on Monday, hours after clashes between police and protesters laid bare the deep divisions over his return to the Kremlin for six more years.
The former KGB spy will take his oath before nearly 2,000 guests in the Kremlin's St Andrew Hall, the former throne room with sparkling chandeliers, gilded pillars and high Gothic vaults, before being blessed by the head of the Russian Orthodox Church and taking charge of the nuclear suitcase.
He will also deliver a short speech, inspect the Kremlin presidential guard and host a lavish reception featuring only Russian food and drink.
Although he has remained Russia's supreme leader for the past four years as prime minister, Putin will take back the formal reins of power he ceded to his ally Dmitry Medvedev in 2008 after eight years as president.
He is returning with his authority weakened by months of protests that have polarized Russia and left him facing a battle to reassert himself or risk being sidelined by the powerful business and political elites whose backing is vital.
In the latest protests on Sunday, police detained more than 400 people, including three opposition leaders, after tensions boiled over at a rally attended by about 20,000 people across the Moscow river from the Kremlin.
A dramatic reshaping of Greece's political landscape with voters largely rejecting austerity measures and an electoral defeat for France's incumbent President weighed on the euro in early Asian trade on Monday as investors fretted that the region's debt crisis could again flare up.
Partial results from the Greek Interior Ministry showed no clear winner but big gains for the Coalition of the Radical Left at the cost of the mainstream New Democracy and Pasok parties, which had both signed on for major spending cuts to stabilize the country's finances.
In France, voters elected Francois Hollande as the country's first Socialist president since the 1980s, promising to change how the euro-zone is dealing with its debt crisis.
Currency traders reacted negatively to the developments. The single currency fell sharply to $1.2968 from $1.3083 in late New York trade Friday.
"The election outcome in Greece creates significant uncertainty ahead for the country primarily and the broader spectrum of euro-area assets," strategists said in a note to clients.
Officials from the European Union and the International Monetary Fund immediately warned that Greece must adhere strictly to its austerity program and said there is little room for any new talks on the bailout terms.
Snip ~ "And approved by the Iraqi Central Bank Governor Sinan Al-Shabibi earlier existence of counterfeit currency in circulation by Iraq are limited, asking the House to approve Bill zeros out Iraqi dinars, i.e. delete the three zeros from the current currency and replaced by his more sedate tamper"
Sunday, 06-05-2012
Vice-Presidents: the phenomenon of Exchange using counterfeit currency difficult economy large losses.. It must be fought
Baghdad, Emerged in recent serious phenomenon of gangs specializing in replacement of hard currency in the country with forged Iraqi currency, "fake", and this aroused a number of parliamentarians in financial and economic committees, exacerbate this phenomenon and its negative impact on Iraq's economy.
They warned of exploiting neighbouring countries political situation stable in Iraq by others introduction of counterfeit currency and replace them with currencies difficult "dollar" for their own benefit.
The parliamentary Finance Committee: formation of committees to modify staff salaries
Baghdad, Member of the Finance Committee announced on/National Alliance Deputy/Magda Abdel Latif al-Tamimi, the formation of parliamentary committees and Government to amend a State salary.
She said Al-Tamimi on Sunday: two committees had been formed by the parliamentary Finance Committee and the Council of Ministers to amend a State salary, and install the main axes as a living allowance and a minimum salary of tenth class in a manner commensurate with the increase in prices in the local markets, indicating that the current salary is not enough to meet their needs.
Called: Merge to become a single Committees Working Committee coordinated the joint so that there is a conflict in views and proposals, to be "reasonable" salary as stipulated in the Constitution, and a significant increase in salary because this will affect the Iraqi economy and burdened State.
Tamimi said: among the proposals that had been made to ease the pressure on the State, the private sector is covered by the General retirement age to activate the sector and reduce the burden of State.
Pharming (pronounced “farming”) is another form of online fraud, very similar to its cousin phishing. Pharmers rely upon the same bogus Web sites and theft of confidential information to perpetrate online scams, but are more difficult to detect in many ways because they are not reliant upon the victim accepting a “bait” message. Instead of relying completely on users clicking on an enticing link in fake email messages, pharming instead re-directs victims to the bogus Web site even if they type the right Web address of their bank or other online service into their Web browser.
Snip ~ "She is a member of the Committee and MP for the Liberal block, Majida Al-Tamimi said "a meeting today of the Finance Committee with the Governor of the Central Bank and some representatives from the World Bank at the causes of the high rate of the dollar against the Iraqi dinar"
2012-05-06
The Central Bank restricts the purchase of hard currency to import leave and bank account and tax accounting
Baghdad, The parliamentary Finance Committee confirmed that the Central Bank put restrictions on the sale of hard currency and require that the buyer has to dollar bank account and leave the import and trade lists in addition to the tax accounting.
She is a member of the Committee and MP for the Liberal block for/JD Majida Al-Tamimi said "a meeting today of the Finance Committee with the Governor of the Central Bank and some representatives from the World Bank at the causes of the high rate of the dollar against the Iraqi dinar".
Tamimi said "that the Central Bank under tight controls on the sale of hard currency in the Iraqi banks is that have submitted on purchase quantity of dollars leave import and bank account as trade lists and subject to tax account", stating "because of limitations on dollar buyers to control currency exchange rate of the Iraqi dinar in the market."
Tamimi blamed the Central Bank for such asylum restrictions due to the instability of the dollar against the dinar, which had a negative impact on the work of the Bank. According to the parliamentary Finance Committee member and MP for the Liberal block "that the Central Bank put these restrictions to reduce width for the dollar."
Iraq declares its support for the position of Mr. Sadr to stand against dictatorship and marginalization
Baghdad, The Iraqi list announced its support for the position of Mr. Sadr to stand against dictatorship and marginalization, stressing the need to resolve all outstanding issues, particularly with regard to Erbil agreement.
A source in the Iraqi list (News Agency news) after a meeting Sunday evening menu commands: list of Iraq continued its dialogues to take appropriate decisions on developments in the political arena, saying: today's meeting address the pentalateral meeting held in Erbil, resulting from the outcome of the rescue operation in the country's political impasse.
The source added: the Iraqi list, confirmed its support for the position of leader of the sadrist Sayyed Moqtada Sadr to stand against dictatorship and marginalization, emphasized: the need to resolve all outstanding issues and in particular the implementation of the agreement on the basis of which was formed by the Irbil Government, rejecting the policy of marginalization and exclusion and genuine participation in power by all partners and resolve the issue of the security ministries.
The source: the meeting witnessed the presence of the most prominent leaders of the Iraqi list alngivi and Salih al-mutlak Al and Rafe Al-Issawi and Salman Al-jumaily.
*What Are We Looking For? May 7th Through May 20th ...
