"The Daily Dinar " ..........Monday, 24 June 2013
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Thread: "The Daily Dinar " ..........Monday, 24 June 2013


    
  1. #1

    "The Daily Dinar " ..........Monday, 24 June 2013

    Kaperoni On Chapter VII

    Kaperoni: "4 days separating Iraq from the disposal of Chapter VII" "on the 27th of June, a schedule that vote the UN Security Council to remove Iraq from Chapter VII 'national day' for Iraqis." We have always stated, when they get out of UN Chapter VII, it will be a huge event.

    And in Iraq they will party on the streets. This would never happen quietly.

    What is the significance of releasing them from UN Chapter VII? As I have stated in the past, technically, UN Chapter VII is a series of resolutions imposed on a country.

    And the resolutions vary depending on the act. In the case of Iraq, all of the resolutions that pertained to banking, investment, etc. had been removed in December 2010. All that remained was resolutions that pertained to Kuwait such as waterways, borders, artifacts, bodies, and payment.
    ...

    So technically, Iraq has been free to engage with the global community since Dec, 2010. Shabibi knew that and pushed forward his monetary policy only to be stopped by Maliki on two instances.

    That being said, UN Chapter VII carries a "stigma" with it. That you are under sanctions, and do not do business with until these sanctions are removed.

    Apparently, Iraq feels that attitude globally exists. Therefore, we are seeing article after article talking about the benefits of the full release of UN Chapter VII.

    And certainly, there may be some truth to it, but I would say any global "attitude" is more the result of Iraq's doing (lack of stability, bombings, political disagreements, etc.) then the UN Chapter VII issue.

    Personally, if this release motivates Iraq to do what is right, to move forward with the economy, raise the value of the dinar, etc. I am all for it. So it is all good news.

    Do they have to RV before the can get out of Chapter VII? No.

    There is nothing that I have ever found that says this. I have researched and looked for a connection with the UN and the IMF and all I can find is the following...

    The only connection I see is the relationship with the IMF under the UN. The UN Charter specifically stated members must follow the UN Charter. And the IMF and World Bank are part of the UN.

    Therefore, they are obligated to follow the charter as well of the IMF and WB.

    Below is the IMF Charter...

    The purposes of the International Monetary Fund are:

    (i) To promote international monetary cooperation through a permanent institution which provides the machinery for consultation and collaboration on international monetary problems.

    (ii) To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all members as primary objectives of economic policy.

    (iii) To promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation.

    (iv) To assist in the establishment of a multilateral system of payments in respect of current transactions between members and in the elimination of foreign exchange restrictions which hamper the growth of world trade.

    (v) To give confidence to members by making the general resources of the Fund temporarily available to them under adequate safeguards, thus providing them with opportunity to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity.

    (vi) In accordance with the above, to shorten the duration and lessen the degree of disequilibrium in the international balances of payments of members.

    Therefore, release from UN Chapter VII will re-engage Iraq with the International community.

    As well, they will need to comply with the IMF Charter. The timeframe for that compliance is unknown.

    It could be weeks, or months. But I refer back to all the signed agreements with various companies, countries, etc that certainly implies they will act sooner than later.

    The "TIFA" portion of the SFA indicates that as well. And recently we saw the new MoP 5 year plan (2013-2017) that indicates that focus towards the private sector, development, of agriculture, manufacturing, tourism, etc. is now the priority. I hope that helps everyone understand.



  2. #2
    Arthur - WE HAVE HERE A LARGE FAMILY WITH LOT OF CHILDREN. (THE GLOBAL COMMUNITY) ONE OF THE CHILDREN (IRAQ) WENT INTO HIS BROTHERS ROOM (KUWAIT) AND STOLE A BUNCH OF STUFF, KILLED ALL HIS PETS, AND TOTALLY WRECKED THE ROOM. HIS PARENTS (UNSC) CAME HOME, SPANKED HIM, AND PLACED HIM ON PUNISHMENT. (CHAPTER VII SANCTIONS). NO MORE COMING OUT TO PLAY WITH THE OTHER CHILDREN AND THEY DECLARED ALL OF HIS MONEY IN HIS PIGGY BANK TO BE VIRTUALLY WORTHLESS AND HE WILL GET NO MORE ALLOWANCE ON THE 1ST OF THE MONTH LIKE ALL THE OTHER CHILDREN. DURING THIS TIME THIS PUNISHED CHILD GOT THEIR ACT TOGETHER AND CLEANED UP HIS BROTHERS ROOM AND PAID HIM BACK ALL BUT A SMALL PORTION OF WHAT HE OWED HIM.

    THE OFFENDED BROTHER CAME IN HIS ROOM AND HAD A MEETING WITH HIM AND TOTALLY FORGAVE HIM AND TOLD MOM AND DAD TO LET HIS BROTHER OFF OF PUNISHMENT. MOM AND DAD LOOKED AT ALL THIS AND ANNOUNCED TO THE FAMILY THAT IN A FEW DAYS (JUNE 27TH) THEY WOULD LET (IRAQ) OFF OF PUNISHMENT AND HE WOULD STILL BE ON PROBATION (CHAP VI) BUT OTHERWISE HE WILL BE ABLE TO HAVE ALL THE PRIVILEGES OF ALL THE REST OF THE KIDS INCLUDING HIS MONEY CAN NOW BE WORTH WHAT IT WAS BEFORE IF THAT IS WHAT HE WANTS. SO WHAT ARE THE ODDS THAT COME JULY 1ST WHEN THIS KID GETS THE CHANCE FOR HIS PIGGY BANK MONEY TO HAVE ITS ORIGINAL WORTH THAT HE WILL JUST DECIDE TO KEEP IT WORTHLESS.

    THE UN SANCTIONS ARE THE VERY REASON FOR THE PROGRAMMED RATE IN THE FIRST PLACE. THEY HAVE SAID OVER AND OVER AGAIN THAT THEY WILL HAVE AN INTERNATIONAL ECONOMY CONDUCIVE FOR INVESTMENT POST CHAPTER VII. WHY WOULD THEY PURPOSEFULLY KEEP A DETRIMENTAL STIPULATION OF THEIR PUNISHMENT ONCE THEY ARE NO LONGER ON PUNISHMENT? IF THEIR MONEY WAS 3.22 THEN PUNISHED DOWN TO 1166 TO 1 WHY BY ANY STRETCH OF THE IMAGINATION WOULD THEY COME OUT TO PLAY ON A LEVEL PLAYING FIELD AND THEIR MONEY IS TOTALLY WORTHLESS COMPARED TO ALL THE OTHER CHILDREN THEY ARE GONNA BE TRADING CANDY WITH?

    THEIR PARENTS DON'T HAVE TO HOLD THEIR HAND TO TELL THEM THEY MUST MAKE THEIR MONEY WHAT IT USED TO BE...JUST THE FACT THAT THEY CAN WILL AUTOMATICALLY PROMPT THEM TO DO SO BASED ON BEING EQUAL TO THE OTHER KIDS. ESPECIALLY SINCE THEY ARE THE OLDEST AND MOST PRODUCTIVE CHILD IN THE FAMILY. IMO THIS WILL BE THE MOST HIGHLY ANTICIPATED UN OPERATIONAL RATE UPDATE ON JULY 1ST IN THE HISTORY OF THE WORLD.

  3. #3
    Enorrste / Kap Discussion

    Tgirl: Bankers confirmed the Central Association and the quest to reach the natural rate

    BAGHDAD - Hussein of Tamimi - Association of Iraqi banks confirmed its continuing quest to reduce the exchange rates of the dollar against the dinar, through the mechanisms of joint cooperation with the Central Bank of Iraq, where organized daily meetings between representatives of the private banks and specialists in the central bank.

    The head of the Association of Iraqi banks Adnan Chalabi, in an interview (morning): that the initiative of the Association of private banks at the invitation of private banks to reduce the dollar exchange rate contributed to the decline gradually exchange rates, although relatively,

    pointing out that the mechanics work painted with by the Central Bank and the Association heading access to the exchange rate of the dollar against the Iraqi dinar to normal rates.
    ...

    Cooperation Association and the Central

    He added that the three banks have responded to the call and began Association since last week to sell the dollar to citizens at 1183 instead of 1189, pointing out that the banks of Assyria, Baghdad, and Huda responded to the calls launched by the Association in collaboration with the Central Bank of Iraq.

    He pointed out that 25 banks waged an extra start this week to sell the dollar new price (1183), and thus the number of private banks, which reduced the dollar exchange rate (28) banks, pointing to higher this figure even further to include all local banks and branches of banks operating in the country .

    The stability of the financial sector

    He Chalabi saying: that the stability of the financial sector need to achieve economic development, and that any problem taking place in the banking sector civil adversely affect the overall economic process, reaching impacts to the prices of goods and services related to the economy of the family and contributes to the rising dramatically,

    stressing that the private banks have working relationships with international banks and the World Bank and that any defects or problems are traded through the media inaccurately affect this relationship and makes those banks reconsider Bmassarva of the private.

    He pointed out that the negative effects do not stop at this point, but up to the investment sector where you find that the capital looking for a sector money stable could provide great services to investment companies, especially as the country in dire need of the efforts of specialized international companies to implement projects strategic large in all provinces country.

    New initiatives

    The Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun said that the initiative to reduce the exchange rate of the dinar against the dollar is the first and will be followed by new initiatives in collaboration with the Central Bank of Iraq in order to support all economic sectors.

    He pointed to the importance of concerted efforts to stabilize the exchange rate of the dollar, which requires that the media more active role in the transfer of the facts about the mechanisms of action of private banks in the country,

    pointing out that the banks civil economic asset must be preserved, and it operates under the Central Bank, Indicating that the private banks entered the field dollar selling prices in order to reach natural for the disbursement of the dollar against the Iraqi dinar.

    Portal

    He pointed out that private banks are the infrastructure of the local economy, pointing out that they broker through which the process of foreign exchange in accordance with requests of Commerce, which employs to import various goods, which requires follow-up merchant who requested the money,

    because the private banks operating under the Central Bank that benefit transfer money and claim permits the entry of goods merchant and merchant here who is responsible for Securities provides.

    I think the adoption of the portal, which is a remedy for the confusion in the process of winning money transfer business because he accomplished in a short period of time where you can link between all the relevant departments of Customs, taxes, and other banks.

    Global transactions

    As a member of the Association of private banks in Iraq and Wadih Handal noted that the initiative confirms that private banks support the stability of the exchange rate to activate the reality of their work, pointing out that most of the private banks have dealings with the largest international banks

    , including Citibank and obvious Morgan and other banks with international reputation, as Light the World Bank channels with private banks, and this in itself requires the banks to organize their work and strive to develop the mechanisms of action and reach out to the world in the provision of services.

    Lifting shares of banks

    He said the central bank has promised to lift quotas banks of the dollar civil initiated by banks to reduce exchange rate (1183), where it comes from the door of activating cooperation between the two parties.

    He pointed out that the sale of the dollar to the citizens not specify a timeframe but continuously ceiling to get to the normal rates for the exchange rate.

    Selling transparently

    The representative of the Central Bank of the supervisor of the sales process Mohamed Mohsen pointed out that the sales process at the Bank of Baghdad, one of the banks that reduced selling prices in a transparent and as instructed by the central bank, did not indicate any irregularity to the day after the adoption of the new mechanism, is also selling the dollar in isolation from sections bank a positive step, do not confuse the services provided to the customer.

    He noted that the receipt of applications and the announcement of the names by tables systems the process of selling the dollar and make it go smoothly high.

    http://translate.google.com/translat...x%3FID%3D48753

    -I report...you decide.

    Xxxx xxxx: 25 more banks selling at the lower rate I like it. What this means to me is a lower street rate since 3 banks had an impact on the street rate think about it like this the math I came up with was 10 dinars off the rate for one day so maybe we could see a 250 dinat rate drop at the highest point & 100 as a low for one day of a lower sales rate from the banks. So IMHO we could see a street rate lower than the programed rate with in 2 or 3 days.

    mok45: Like this bit Global transactions "...and this in itself requires the banks to organize their work and strive to develop the mechanisms of action and reach out to the world in the provision of services."

    Punisher: Glad the c.b.i. stuck to their words and are acting. Imagine what it could be by the middle of July or August.

    OutOfTheWoods: "million and 87 thousand dollars, after it reached yesterday, 210 million and 524 thousand dollars, a stable exchange rate was 1166 dinars per dollar.

    The governor of the Bank and the Agency Abdul Basit Turki in a press statement that "the demand for the dollar distributed by 25 million and 850 thousand dollars was sold in cash, while the value of the amounts sold form of remittances 176 million and 237 thousand dollars, select the price to 1179 dinars per dollar, and the purchase price cash for $ 1171 dinars. "

    and added, "participated in the auction currency today 22 banks waged, and ruled out the amount of 78 million and 916 thousand dollars of banks participated in the auction, for the purposes of auditing and other related to combating money laundering, as well as various other reasons."

    The Iraqi central bank held six sessions a week for auction sale and purchase of foreign currencies, starting from Saturday to Thursday." http://www.almadapaper.net/ar/news/446441/5x5

    "Faith consists in believing when it is beyond the power of reason to believe." Voltaire

    Kaperoni: This article seems to imply that these new measures have more of a purpose than to just reduce the exchange rate in country. It appears that this is an.. "exercise" in preparation for the dinar going international. Here is a quote....

    "...the initiative confirms that private banks support the stability of the exchange rate to activate the reality of their work, pointing out that most of the private banks have dealings with the largest international banks, including Citibank and obvious Morgan and other banks with international reputation, as Light the World Bank channels with private banks, and this in itself requires the banks to organize their work and strive to develop the mechanisms of action and reach out to the world in the provision of services."

    WEDREAM: He noted that the receipt of applications and the announcement of the names by tables systems the process of selling the dollar and make it go smoothly high. another indicater this is about the "mechanism" to coordinate banking activity(they all need to be on the same page b4 the float begins)

    Punisher: Good stuff Wedream.

    Enorrste: I agree completely with KAP's analysis. The quoted passage above hings on the meaning of "activate the reality of their work."

    This phrase can be easily understood because just below it is the phrase "requires the banks to organize their work and strive to develop the mechanisms of action and reach out to the world in the provision of services."

    We can therefore understand their "work" to be the development of mechanisms to facilitate worldwide commerce. What would do this?

    A freely floating currency would certainly be a part of the process. Therefore the "mechanism" that they say they need to "develop" is to get the free float off the ground as soon as possible.\ Great work, KAP! Enorrste

    Punisher: Thanks Kap and Enorrste! As if there wasn't enought to be excited about already this week (Ch7)!

    Kaperoni: Thanks E! Good stuff as usual. Let's hope we are right and all this June currency stuff is in anticipation for the dinar coming out party.

    Rasica: FYI I have been watching the S Korean Won & IQD for a long time now. Generally the rounded up nominal value of the two have been $.0009 and their exchange to USD has been generally 1100 for WON & 1160 for IQD.

    But as of midnight the WON has now suddenly went lower than the IQD @ 1165.5. The Won was always fluctuating right around 1100 so this larger move is worth noting. I have no idea if it means really anything, but at the least its interesting.

  4. #4
    Enorrste / Kap Discussion

    Tgirl: Bankers confirmed the Central Association and the quest to reach the natural rate

    BAGHDAD - Hussein of Tamimi - Association of Iraqi banks confirmed its continuing quest to reduce the exchange rates of the dollar against the dinar, through the mechanisms of joint cooperation with the Central Bank of Iraq, where organized daily meetings between representatives of the private banks and specialists in the central bank.

    The head of the Association of Iraqi banks Adnan Chalabi, in an interview (morning): that the initiative of the Association of private banks at the invitation of private banks to reduce the dollar exchange rate contributed to the decline gradually exchange rates, although relatively,

    pointing out that the mechanics work painted with by the Central Bank and the Association heading access to the exchange rate of the dollar against the Iraqi dinar to normal rates.
    ...

    Cooperation Association and the Central

    He added that the three banks have responded to the call and began Association since last week to sell the dollar to citizens at 1183 instead of 1189, pointing out that the banks of Assyria, Baghdad, and Huda responded to the calls launched by the Association in collaboration with the Central Bank of Iraq.

    He pointed out that 25 banks waged an extra start this week to sell the dollar new price (1183), and thus the number of private banks, which reduced the dollar exchange rate (28) banks, pointing to higher this figure even further to include all local banks and branches of banks operating in the country .

    The stability of the financial sector

    He Chalabi saying: that the stability of the financial sector need to achieve economic development, and that any problem taking place in the banking sector civil adversely affect the overall economic process, reaching impacts to the prices of goods and services related to the economy of the family and contributes to the rising dramatically,

    stressing that the private banks have working relationships with international banks and the World Bank and that any defects or problems are traded through the media inaccurately affect this relationship and makes those banks reconsider Bmassarva of the private.

    He pointed out that the negative effects do not stop at this point, but up to the investment sector where you find that the capital looking for a sector money stable could provide great services to investment companies, especially as the country in dire need of the efforts of specialized international companies to implement projects strategic large in all provinces country.

    New initiatives

    The Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun said that the initiative to reduce the exchange rate of the dinar against the dollar is the first and will be followed by new initiatives in collaboration with the Central Bank of Iraq in order to support all economic sectors.

    He pointed to the importance of concerted efforts to stabilize the exchange rate of the dollar, which requires that the media more active role in the transfer of the facts about the mechanisms of action of private banks in the country,

    pointing out that the banks civil economic asset must be preserved, and it operates under the Central Bank, Indicating that the private banks entered the field dollar selling prices in order to reach natural for the disbursement of the dollar against the Iraqi dinar.

    Portal

    He pointed out that private banks are the infrastructure of the local economy, pointing out that they broker through which the process of foreign exchange in accordance with requests of Commerce, which employs to import various goods, which requires follow-up merchant who requested the money,

    because the private banks operating under the Central Bank that benefit transfer money and claim permits the entry of goods merchant and merchant here who is responsible for Securities provides.

    I think the adoption of the portal, which is a remedy for the confusion in the process of winning money transfer business because he accomplished in a short period of time where you can link between all the relevant departments of Customs, taxes, and other banks.

    Global transactions

    As a member of the Association of private banks in Iraq and Wadih Handal noted that the initiative confirms that private banks support the stability of the exchange rate to activate the reality of their work, pointing out that most of the private banks have dealings with the largest international banks

    , including Citibank and obvious Morgan and other banks with international reputation, as Light the World Bank channels with private banks, and this in itself requires the banks to organize their work and strive to develop the mechanisms of action and reach out to the world in the provision of services.

    Lifting shares of banks

    He said the central bank has promised to lift quotas banks of the dollar civil initiated by banks to reduce exchange rate (1183), where it comes from the door of activating cooperation between the two parties.

    He pointed out that the sale of the dollar to the citizens not specify a timeframe but continuously ceiling to get to the normal rates for the exchange rate.

    Selling transparently

    The representative of the Central Bank of the supervisor of the sales process Mohamed Mohsen pointed out that the sales process at the Bank of Baghdad, one of the banks that reduced selling prices in a transparent and as instructed by the central bank, did not indicate any irregularity to the day after the adoption of the new mechanism, is also selling the dollar in isolation from sections bank a positive step, do not confuse the services provided to the customer.

    He noted that the receipt of applications and the announcement of the names by tables systems the process of selling the dollar and make it go smoothly high.

    http://translate.google.com/translat...x%3FID%3D48753

    -I report...you decide.

    Xxxx xxxx: 25 more banks selling at the lower rate I like it. What this means to me is a lower street rate since 3 banks had an impact on the street rate think about it like this the math I came up with was 10 dinars off the rate for one day so maybe we could see a 250 dinat rate drop at the highest point & 100 as a low for one day of a lower sales rate from the banks. So IMHO we could see a street rate lower than the programed rate with in 2 or 3 days.

    mok45: Like this bit Global transactions "...and this in itself requires the banks to organize their work and strive to develop the mechanisms of action and reach out to the world in the provision of services."

    Punisher: Glad the c.b.i. stuck to their words and are acting. Imagine what it could be by the middle of July or August.

    OutOfTheWoods: "million and 87 thousand dollars, after it reached yesterday, 210 million and 524 thousand dollars, a stable exchange rate was 1166 dinars per dollar.

    The governor of the Bank and the Agency Abdul Basit Turki in a press statement that "the demand for the dollar distributed by 25 million and 850 thousand dollars was sold in cash, while the value of the amounts sold form of remittances 176 million and 237 thousand dollars, select the price to 1179 dinars per dollar, and the purchase price cash for $ 1171 dinars. "

    and added, "participated in the auction currency today 22 banks waged, and ruled out the amount of 78 million and 916 thousand dollars of banks participated in the auction, for the purposes of auditing and other related to combating money laundering, as well as various other reasons."

    The Iraqi central bank held six sessions a week for auction sale and purchase of foreign currencies, starting from Saturday to Thursday." http://www.almadapaper.net/ar/news/446441/5x5

    "Faith consists in believing when it is beyond the power of reason to believe." Voltaire

    Kaperoni: This article seems to imply that these new measures have more of a purpose than to just reduce the exchange rate in country. It appears that this is an.. "exercise" in preparation for the dinar going international. Here is a quote....

    "...the initiative confirms that private banks support the stability of the exchange rate to activate the reality of their work, pointing out that most of the private banks have dealings with the largest international banks, including Citibank and obvious Morgan and other banks with international reputation, as Light the World Bank channels with private banks, and this in itself requires the banks to organize their work and strive to develop the mechanisms of action and reach out to the world in the provision of services."

    WEDREAM: He noted that the receipt of applications and the announcement of the names by tables systems the process of selling the dollar and make it go smoothly high. another indicater this is about the "mechanism" to coordinate banking activity(they all need to be on the same page b4 the float begins)

    Punisher: Good stuff Wedream.

    Enorrste: I agree completely with KAP's analysis. The quoted passage above hings on the meaning of "activate the reality of their work."

    This phrase can be easily understood because just below it is the phrase "requires the banks to organize their work and strive to develop the mechanisms of action and reach out to the world in the provision of services."

    We can therefore understand their "work" to be the development of mechanisms to facilitate worldwide commerce. What would do this?

    A freely floating currency would certainly be a part of the process. Therefore the "mechanism" that they say they need to "develop" is to get the free float off the ground as soon as possible.\ Great work, KAP! Enorrste

    Punisher: Thanks Kap and Enorrste! As if there wasn't enought to be excited about already this week (Ch7)!

    Kaperoni: Thanks E! Good stuff as usual. Let's hope we are right and all this June currency stuff is in anticipation for the dinar coming out party.

    Rasica: FYI I have been watching the S Korean Won & IQD for a long time now. Generally the rounded up nominal value of the two have been $.0009 and their exchange to USD has been generally 1100 for WON & 1160 for IQD.

    But as of midnight the WON has now suddenly went lower than the IQD @ 1165.5. The Won was always fluctuating right around 1100 so this larger move is worth noting. I have no idea if it means really anything, but at the least its interesting.

  5. #5
    MP: Exit from Chapter VII will stop the theft of Iraq’s money

    Counting bloc MP Ali inch citizen to remove Iraq from Chapter VII as significant because it will stop the theft of his money and benefit from the investment.

    He added an inch in a press statement that “the great efforts made over the past and current stage of several parties to remove Iraq from Chapter VII because it represented identified restricts freedom of Iraq, and we hope that it is broken in the coming days.”

    http://bit.ly/19vpOrA

  6. #6
    Parliamentary economy: out of Chapter VII will enable Iraq to recover its funds frozen

    The Commission on the economy and investment representative, on Sunday, that the end of the provisions of Chapter VII, will enable Iraq to recover its funds frozen, and end the tax paid by the people, by the practices of the previous dictatorial regime.

    said a member of parliament from the Kurdistan Alliance, Mahma Khalil’s (IMN), that “exit Iraq from Chapter VII will raise the freezing of Iraq’s money frozen, and end the tax paid by the people, by the practices of the previous dictatorial regime. ”

    http://bit.ly/17vYMD7

  7. #7
    Three days and the dream becomes reality ; Political and economic benefits due to emerge from Chapter VII

    with every passing hour approaching Iraqis achieve the goal they have despaired of receiving a result of actions of Saddam, but the government policy and the extraordinary efforts made ​​by diplomats and cooperation shown by the State of Kuwait, brought the dream is no longer separates between us and achievable and the announcement of remove Iraq from Chapter VII only 3 days.

    blocks and parliamentary committees and government officials and parties flexed for “Center Brief for the Iraqi Media Network,” the positives get Iraq out of the provisions of Chapter VII, especially the economic benefits and political life of this important step in the history of the state after the dictatorial regime.

    http://bit.ly/14T0hHU

  8. #8
    Citigroup gets approval from CBI; Will opens first Citibank branch Monday

    Citigroup, Bank announced Citigroup Alamerreqi the banking services, on Monday, to open an office in Baghdad to become the first U.S. bank to expand its services to include Iraq, betting in this his move on the long-term economic opportunities in the oil-rich country.

    The bank said Citigroup Citigroup said in a statement quoted by the British newspaper Financial Times and seen, (Presse term), he said that “the bank will open on Monday, his first formal office in the capital Baghdad after receiving the initial approvals from the Central Bank of Iraq.”

    http://bit.ly/14sE9lp

  9. #9
    Maliki vows to reform the Iraqi economy

    Maliki meets with Citigroup President

    Prime Minister Nuri al-Maliki, on Monday, a comprehensive reform of the economy, increased oil and gas production in the country.

    Maliki said in a statement issued by his office obtained “Twilight News” a copy of it during his meeting with the President of the company (City Bank) Dance Avelanery, who announced the opening of an (Citigroup) office in Baghdad that “Iraq plans to double its production of oil, gas and do a comprehensive reform of the economy so as to enhance its resources and makes them more diverse. “

    http://bit.ly/19vtlWV

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