" The Dinar Daily " .......... Monday, 1 April 2013
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  1. #1

    " The Dinar Daily " .......... Monday, 1 April 2013

    Sinjari rules out Maliki’s attendance for Monday parliament session

    Monday, 01 April 2013 12:15 | | |

    Baghdad (AIN) –MP, Faris al-Sinjari, of the Iraqiya Slate ruled out attending Monday parliament session by the Premier, Nouri al-Maliki, where he is supposed to be hosted.

    Speaking to AIN, he said “The procedures for turning the parliament session of hosting Maliki into interrogation session will be considered later.”

    “If Maliki will not attend the session to explain the security updates and the measures taken by him as the General Commander of the Armed Forces to confront the terrorist attacks, the parliament will decide whether to interrogate Maliki to take another stance,” he concluded.


    http://www.alliraqnews.com/en/index....tical&Itemid=2



  2. #2
    Awadi: IS rejects nominating MoI without nominating MoD
    Monday, 01 April 2013 09:05 | | |

    Baghdad (AIN) –MP, Ihsan al-Awadi, of the State of Law Coalition revealed that the Iraqiya Slate rejects nominating the Minister of Interior without nominating the Minister of Defense.

    He stated to AIN “INA urges to nominating the security ministers yet the IS did not present its candidate for the MoD post yet.”

    “They linked the nomination of the MoD with the MoI,” he added, noting that “We respect this tendency.”

    “The IS did not present its candidate according to the agreed upon conditions despite the passage of three years on the formation of the government except one candidate that we agreed upon who is, Khalid al-Ubaidi, yet the IS withdrew its nomination,” he concluded.


    http://www.alliraqnews.com/en/index....tical&Itemid=2

  3. #3
    Othman: Kurdistan is moving towards serious dialogue rather than boycott.
    1/04/2013 09:00:00

    BAGHDAD / NINA / Independent MP, of the Kurdistan Alliance, Mahmoud Othman revealed that "The President of Kurdistan, Massoud Barzani will meet today with the Kurds' MPs and the Ministers in the federal government and political leaders and heads of Kurdish parties in the region, to take a stand against the problems between the Governments of the region and the center."

    He said in a statement to the National Iraqi News Agency / NINA / "The current trend of the leaders of the province, which is prevailing at this stage, is to move towards dialogue rather than boycott the government and parliament," noting that "the most prominent resolutions of this meeting will be to focus on finding a serious dialogue to resolve outstanding problems between the federal government and the province. "

    Othman considered "pass laws concerning citizens in Parliament in absence of a certain bloc, as positive action because most of the bills are broken for a long time in Parliament," pointing out that "the overall political atmosphere in the country requires a political consensus on any subject or law because the new political process in Iraq was built on the basis of consensus. "

    http://www.ninanews.com/english/News...ar95_VQ=GHDDFE

  4. #4
    **** COURTESY OF BRIARPATCH ***



    Posted on 01 April 2013. Tags: Central Bank of Iraq (CBI), dinar, Goldman Sachs, IQD, iraqi dinar, New World Order, re-denomination, re-valuation, Redenomination, revaluation, World Bank

    By Marc Snaid.

    The Central Bank of Iraq (CBI) has announced that the introduction of the new Iraqi currency has been further delayed due to teething problems with the cutting-edge technology that it will employ.

    Radical new functionality including fingerprint recognition and near-field communication (NFC) promises to create a world-leading new monetary system, which will be the envy of governments around the world.

    Several years of collaboration between the CBI, the World Bank, and Goldman Sachs, has made it possible to create a database to track the location and ownership of each dinar note, making the monitoring of transactions much easier.

    Professor John Frink, of Springfield Heights Institute of Technology, who worked on the program, explained:

    “Each note already has its own serial number, so it is a simple matter to set up a database to record the location and movement of each note.

    “Near-field communication, which is already used in contact-less credit and debit cards, allows the notes to communicate with your mobile phone [cellphone] and relay information to our computers.

    “Touch-sensitive paper can even record the user’s fingerprint, for additional peace of mind.“

    Pages: 1 2

    Posted in Banking & Finance2 Comments
    Standard Chartered Plans Iraq Push
    Standard Chartered Plans Iraq Push

    Posted on 27 March 2013. Tags: Banks, Standard Chartered

    By John Lee.

    Standard Chartered bank plans to expand operations in Iraq this year.

    The firm’s regional head, Christos Papadopoulos (pictured), told Reuters in an interview:

    “The amount of economic activity in Iraq now is substantial. We always wanted to be onshore in Iraq. It was never a question of if but a question of when.

    “Iraq needs everything from pipelines, power generation, infrastructure and housing. All this needs financing.“

    The bank, which currently has a representative office in Iraq, plans to open branches this year in Baghdad, Basra and Erbil, as demand for project financing booms.

    (Source: Yahoo!)

    Posted in Banking & Finance4 Comments
    Burgan Bank Wins Best Banking Group In MENA
    Burgan Bank Wins Best Banking Group In MENA

    Posted on 22 March 2013. Tags: Bank of Baghdad, Best Banking Group Award, Burgan Bank Group, Global Banking and Finance Review

    By Matthew Gayle.

    The Burgan Bank Group announced that it has won Global Banking and Finance Review’s award for Best Banking in MENA (Middle East and North Africa) for the second year in a row. The award was given to Burgan Bank Group in recognition of its performance in 2012, and its consistent delivery of sound results across its operations in Iraq, Kuwait, Jordan, Algeria, Turkey, Tunis, Cyprus and Lebanon.

    Mr. Majed Essa Al Ajeel, Chairman of Burgan Bank Group, said:

    “We are very pleased to become recognized as the ‘Best Banking group in the MENA’ for the second year running. This particular award reflects the group’s overall strong performance, and the continuous efforts exerted to to introduce region wide integrated banking services to an extensive range of individuals as well as corporate customers.“

    Despite a number of macroeconomic challenges in 2012, Burgan Bank Group’s performance was rewarding on many fronts. The expansion journey in 2008 is now paying-off and we are currently present in 9 countries with a branch network of 217 branches and over 245 ATMs, added Mr. Al Ajeel.

    The group’s Bank of Baghdad (BoB), which expanded its presence to Lebanon in 2010, allowed more international business flow between Lebanon and the Middle East to ultimately forge stronger commercial links with Iraq. The bank operates through 39 branches in Iraq, and is considered one of the largest private commercial banks in Iraq.

    Bank of Baghdad offers personal, corporate, and international banking services that include deposits, internal and external transfers, overdraft facilities, in addition to superior multinational investment options.

    (Source: Burgan Bank Group)

    Posted in Banking & Finance, Investment0 Comments
    Iran’s Role In Iraqi Dinar Devaluation
    Iran’s Role In Iraqi Dinar Devaluation

    Posted on 20 March 2013. Tags: Central Bank, dinar, IQD, iraqi dinar, re-denomination, re-valuation, Redenomination, revaluation

    By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

    There were conflicting accounts of the reasons for the rise in the value of the US dollar against the Iraqi dinar earlier this month. Politicians and economists have said that Iranian companies boosted the value of the dollar against the dinar by entering the Central Bank of Iraq’s (CBI) auction for hard-currency sales and buying large quantities in order to smuggle them into Iran. On the other hand, a former senior official at the CBI said the rise is linked to increased government revenue from oil sales, leading to an increase in government spending.

    The weekly bulletin released by the CBI says 1,260 Iraqi dinars are now trading to the dollar, a level not been reached since last year.

    A member of the Iraqi parliamentary finance committee said the value of the dollar increased against the dinar because some Iraqi banks have stopped converting dinars to dollars and have sold dollars to exchange companies at prices favorable to the banks.

    Hussein al-Yasiri said some banks have stopped selling dollars to regular customers and instead have been selling them to exchange companies. This has prompted Iraqis to buy dollars from the exchange companies at prices favorable to the companies. The exchanges are not subject to government monitoring.

    Ahmed al-Alwani, head of the Iraqi parliament’s economic committee, said Iran’s need for hard currency as a result of international sanctions has prompted Iran to mobilize Iraqi partners to help the country get dollars through the CBI auction.

    Pages: 1 2 3

    Posted in Banking & Finance3 Comments
    Warka Bank Claims Court Victory
    Warka Bank Claims Court Victory

    Posted on 14 March 2013. Tags: Central B, Central Bank of Iraq, Ministry of Finance, Warka, Warka Bank

    By John Lee.

    Warka Bank has issued the following statement with regard to its legal case against the Central Bank of Iraq:

    “With regards to the legal court case Warka Bank for Investment and Finance has filed against the Central Bank of Iraq Warka Bank for Investment and Finance is delighted to inform its cliental, shareholders and management that the Iraqi Supreme High Court has awarded its decision in full favor of Warka Bank for Investment and Finance confirming its judicial decision that the liquidity crisis and events leading to Warka’s declining financial position is entirely due to the fault, malice, mismanagement and misdirection of both the Ministry of Finance and Central Bank of Iraq their ill actions taken against the bank placing the full blame and cause on both the Central Bank of Iraq and Ministry of Finance their lack to take the proper action measurements and steps to resolve the crisis properly in supporting the rehabilitation of the largest financial enterprise in the country.

    “Where we are delighted to add that the court decision confirms that Warka Bank for Investment and Finance has implemented, practiced and maintained all legal banking guidelines, protocols and regulations set by the bylaws of the Central Bank of Iraq confirming its true innocence.

    “We have posted a copy of the court’s decision to bring comfort joy and happiness to all those whom have supported our bank, board of directors and management.”

    A copy of the court document can be downloaded here.


    http://www.iraq-businessnews.com/cat...nking-finance/

  5. #5
    *** COURTESY OF BRIARPATCH ***

    To ensure the transparency of its work .. Former deputy warns of withholding the announcement of the auction of hard currency at the Central Bank

    BAGHDAD / Conference

    Warned former Rep. Hadi al-Hassani, of making the work of central bank auction for the sale of hard currency is a public front companies and the public because it will lead to financial corruption and affect transparency. Said Hassani: Can not the Central Bank may resort to withhold the announcement of the sale of foreign currency in the auction for it will affect the transparency and integrity of the central bank, adding in saying can take temporarily to keep the dinar exchange rate and then because selling public. praised MP Hassani: monetary policy pursued by the central bank and described Balrsana because it helped to semi-stable exchange rate of the dinar against the dollar after that saw a big drop in front of difficult international currency, likely to witness a significant improvement in the dinar rate against the dollar in the coming period.


    http://translate.google.com/translat...id%3D201216556

  6. #6
    Parliament held a session hosted Maliki without his presence
    01-04-2013 | (Voice of Iraq)

    Term Press / Baghdad

    The Council of Representatives, on Monday, its the 16 of the second legislative term of the year legislative third headed by Osama Najafi and the presence 198 deputies, the county coalition of Kurdish blocs for the second time, as he was scheduled to witness the meeting host Prime Minister Nuri al-Maliki, but he did not attend.


    Read more: http://translate.googleusercontent.c...#ixzz2PClUMpgT


    http://translate.google.com/translat...p%3Fid%3D91573

  7. #7
    Breaking News—Maliki's hosting session postponed 10 days.
    01/04/2013 12:38:00

    BAGHDAD / NINA / A source in the House of Representatives declared the postponement of the hosting session of Prime Minister, General Commander of the Armed Forces, Nuri al-Maliki for 10 days.

    He said in a statement to the National Iraqi News Agency / NINA / today April 1 that "The members of the House of Representatives agreed, at today's meeting, to postpone Maliki's hosting session to ten days in response to the request of some of the blocs."

    He added: "It was agreed that the session will be a "Special and limited" to the heads of blocs only."

    The heads of the political blocs decided, in a meeting held last Tuesday, to host by Prime Minister Nuri al-Maliki and the security ministers and chiefs, in a session of the House of Representatives on Monday to discuss the recent security breaches."

    The media adviser of the Prime Minister, Ali al-Moussawi said that al-Maliki will not attend the hosting session on Monday.

    http://www.ninanews.com/english/News...ar95_VQ=GHDDMG

  8. #8
    Najafi: Maliki has until next Monday to come to the parliament or we will make
    01-04-2013 | (Voice of Iraq)

    Term Press / Baghdad

    Gave Iraqi Parliament Speaker Osama al-Nujaifi, Monday, Prime Minister Nuri al-Maliki one week "deadline" to attend a session hosted, threatened to "take" action against him in case of no-show.

    The decision Parliament Mohammed al-Khalidi in an interview to the (long-Presse), "The parliament speaker Osama Najafi gave Prime Minister General Commander of the Armed Forces Nouri al-Maliki until next Monday, (April 8 2013), as the deadline for a hearing hosting, after his failure to attend the 16th session of Parliament held today, hosted on the deteriorating security situation in the country. "


    Read more: http://translate.googleusercontent.c...#ixzz2PDEyxnvD

  9. #9
    Sadrists likely to end a boycott of his ministers to meetings of the Council of Ministers on Tuesday
    01-04-2013 | (Voice of Iraq)

    Term Press / Baghdad

    Suggested the Liberal block of the Sadrist movement, on Monday, ending the boycott and ministers of the Council of Ministers of Iraq on Tuesday, and confirmed the government's response is not dominated demands Sadrists, especially writing the rules of procedure of the Council of Ministers, while noting that security committees set up by the government on the postponement of the elections in Anbar and Nineveh recommended to organize elections in the two provinces over the next six weeks.

    The head of the Liberal bloc in the House of Representatives Bahaa al-Araji at a press conference, the parliament building, and attended (range Press) that "possible return of ministers Sadrists to the Council of Ministers on Tuesday after the government's response to the demands of mainstream," noting that "the comment was not because of the attitude of the current political direction of the government, but to evaluate the work of the Council of Ministers. "

    The head of the Liberal bloc in the House of Representatives Bahaa al-Araji at a press conference, the parliament building, and attended (range Press) that "possible return of ministers Sadrists to the Council of Ministers on Tuesday after the government's response to the demands of mainstream," noting that "the comment was not because of a political position, but to evaluate the work of the Council of Ministers. "

    Araji said that "there are positive things carried out by the Council of Ministers was no draft rules of procedure of the Council, as well as inclusion in the Council meeting on Tuesday to discuss it," adding that "the Council can not work without an internal system."

    He said the head of the parliamentary Liberal that "the Council of Ministers approved the request of the Sadrist movement to form security committees on the issue of postponing the elections in the provinces of Anbar and Nineveh," noting that "these committees recommended the organization of elections in the two provinces over the next six weeks."

    He Araji that "the cabinet's approval to write an internal system of the Council of Ministers and the formation of security committees on postponing the elections are positive steps of the Council", pointing out that "this matter is in response to the conditions of the Sadrist movement to suspend attendance of his ministers to cabinet sessions."


    Read more: http://translate.googleusercontent.c...#ixzz2PDFPfKrl

  10. #10
    l


    Announcement of the return of Sadrist ministers to cabinet meetings
    [01 / April / 2013]
    BAGHDAD - Saba:
    announced the Liberal bloc of the Sadrist movement on Monday ending the boycott and ministers of the Council of Ministers of Iraq and resume its presence from the session on Tuesday. explained Prime bloc Bahaa al-Araji told a news conference at the parliament building today that this decision comes after the government's response to the demands of the Sadrist movement no rules of procedure of the Council of Ministers and the recommendation of the government security committees to organize local elections in the provinces of Anbar and Nineveh in the coming weeks.
    http://www.sabanews.net/ar/news304213.htm

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