" The Dinar Daily ", Wednesday, 25 September 2013
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  1. #1

    " The Dinar Daily ", Wednesday, 25 September 2013

    Barzani's party intends to form a coalition government

    Arbil / NINA / The Kurdistan Democratic Party, led by President of Kurdistan, Massoud Barzani, confirmed that it intends to form a coalition government capable of addressing the tasks and challenges facing the region.

    Shirzad Qasim, a member of the party told the National Iraqi News Agency / NINA /: "The preliminary results of the parliamentary elections in Kurdistan confirms that / KDP / obtains lion's share of the vote, which enable it to form a majority government, but we are determined to form a coalition government that includes everyone. "

    About the desire of the Change Movement to engage in the new government formation, Qasim said: "We do not object the participation of the Movement in the next government."

    He continued, "The Kurdistan Democratic Party (KDP), although advancing preliminary results of the elections, but we will insist on forming a coalition government."

    The unofficial preliminary results of the parliamentary elections of the Kurdistan region has shown progress of the Kurdistan Democratic Party followed by the opposition the Change Movement while the National Union led by President Jalal Talabani came third.

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



  2. #2
    Millionday News Discussion

    [millionday] we have lots of news tonight and all of it is good ] love that ok here we go

    [millionday] so we have joint holding companies with iraq and kuwait -- huge leap into progress

    [millionday] The head of the Islamic Supreme Council, Ammar al-Hakim discussed with the Kuwaiti Ambassador, Ali al-Moa'min relations between the two countries and ways of developing them to serve the common interests of the two countries and the two peoples.
    ...

    Hakim stressed, during his meeting with Ambassador of the State of Kuwait: "Iraq's desire that Kuwaiti companies contribute in the reconstruction of Iraq and implement development and construction projects in the country," expressing hope that the relations between the two countries see further development and openness.

    For his part, the Kuwaiti ambassador stressed his country's keenness to strengthen its relations with Iraq in various fields

    [millionday] love it and much more smile

    millionday] Experts and specialists, bankers said that the rise in the Central Bank's cash reserve is a cover for the Iraqi dinar strengthens and gives a much higher confidence in Iraqi market by local or foreign investors.

    This comes a day after the Central Bank announced the arrival of foreign currency reserves and gold to around $ 80 billion, expected to increase in the coming months.

    Banking expert and Executive Director of the Association of private banks in Iraq Abdul Aziz hasoon said in a statement to (morning): "the arrival of this cash reserve enhances the value of the Iraqi dinar and the guarantee for traders and the holders of trust and power, as well as a cover of real currency" goldfinch "when in Iraq so third party will provide the assurances of cooperation with this country and investment",

    [millionday] note -- huge support for the real value of the dinar and the money has been transferred -- now it is in hand

    [millionday] as it is The important indicator, given the higher level of confidence in the Iraqi market, for clients of dealers and contractors and equipped foreigners called the expert authorities to promote national savings through awareness programs contribute to identify Iraqi citizens how to trade and save the dinar, coinciding with increased salaries and incomes was accompanied by an increase in savings through lucrative incentives to keep the dinar and differentiationI and spent randomly.

    The Central Bank Governor said Abdel Basset Turki said in a press statement that the Central Bank's reserves of foreign currency and gold has reached around 80 billion dollars, noting that

    millionday] the financial reserve is a result of the increase in world prices of crude oil, especially that he was some 74 billion dollars last June, predicted at the same time to increase the reserve over the next few months to increase oil prices, the country depends on balance. Iraq has the world's fourth largest oil reserves in the world and 95 percent of its annual oil exports, currently produces around 2 million and 900,000 barrels per day, while the boundaries of two million and 200,000 barrels a day.

    [millionday] to upgrade >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>, Member of the parliamentary Finance Committee Attorney Abdul Hussein Al-yasiri, the positive impact on the national economy and is important in tough times, they returned him effective factor to upgrade the economy, indicate that Iraq is moving in the direction of the economy.

    Al-yasseri said the SMC (morning) that "there is a psychological reassurance in this regard, it suggests that the economic situation is reassuring, so trade and investment transactions will be sober, and that the country would be a good environment to attract investors."

    millionday] oh goodness -- healthy again -- i love it '

    [millionday] Committee Member pointed out that the two factors are encouraged to invest in Iraq, I was out of Chapter VII, as investment companies seek approximately 35-45 percent of the investments, called the cost of Iraq, as it was abolished after the exit from this chapter, the second factor is the good stocks in the country's Central Bank, makes the arrival of the financial reserve to $ 80 billion that the Iraqi economy is healthy again.

    [ROBINREDHED] nice

    [millionday] whoop whoop note -- some where here i am going to show you that parliament has to work non stop to get all laws in place -- love that too smile brb with more did you say canada?

    [millionday] Nizar and Foreign Ministry Undersecretary for Bilateral Relations with Stephenie Dohim the Canadian charge d'affaires in Baghdad, seeking to build a strong partnership between the two countries.

    According to a statement issued by the Ministry of Foreign Affairs received and Euphrates News Agency {} a copy of "The two sides reviewed bilateral relations and strive to build a strong partnership between the two countries and joint cooperation in all fields, in addition to the role of Canadian companies in the construction taking place in Iraq."

    He explained that "Undersecretary expressed satisfaction with the level of cooperation between the two countries and the ministry is ready to provide all the facilities for the work of the embassy in Baghdad

    millionday] but let me show you this -- smile – brb -- so we have Kuwait meeting today to form a joint holdings company and we have this >>>>>>>>>>>>>> the same day -- hmmm

    [millionday] Foreign Minister Hoshyar Zebari, with Assistant U.S. Secretary of State Brett Macairk the bilateral relations between Iraq and the United States and ways of activating the strategic framework agreement.

    According to a statement for "Foreign Ministry", today, said, "Zebari met at the headquarters of the United Nations Assistant Secretary of State George Brett Macairk During the meeting, they discussed bilateral relations between Iraq and the United States and ways of activating the agreement of the strategic framework in the light of the results that have been reached at the fourth meeting of the Committee joint coordination of diplomatic and political cooperation, and to emphasize the importance of holding the meetings of the technical committees for this agreement.

    millionday] He added, "The two sides exchanged views on the regional situation experienced by the region, particularly the developments of the situation in Syria and the importance of reaching a peaceful solution to the conflict there on the basis of a meeting," Geneva 2 ".

    [millionday] so we have the meeting with the US of A -- on the activation of the entire strategic framework agreement

    [millionday] whhhooopow brb with more

    ROBINREDHED] omg

    [millionday] smile love it

    DlD] really oh my

    [wheresmyRV?] that is huge!

    [lojak] the SFA had to be on the "must get done"list prior to RV IMO

    [ROBINREDHED] lojak mmm hmmm

    [sunnyca] millionday Did they activate it or are they talking about ways to activate it? I thought an internationally tradable currency is required to activate it & we don't have that yet

    [wmawhite] millionday .....did someone say ......"wrapping up loose ends"........."in a hurry"????

    [millionday] wmawhite whoop whooop

    [millionday] we have three days until the banking conference and oh how i like it smile

    wmawhite] smiling

    [millionday] Between the head of the parliamentary bloc solution MP / coalition in Iraq / Ziad worldwide abolition, that the inclusion of laws at the sessions of the Council of Representatives for approval comes within the functions of the Presidency of the Council of Representatives, including the amendment of the law of accountability and justice and other demands of the demonstrators. He said the worldwide abolition in a statement (of the Agency news) on Tuesday:

    The Justice and Accountability Law and the abolition of the confidential informant of important laws in the House of Representatives, especially the abolition of the latter, which was read such as reading first and second, calling for the Presidency of the Council of Representatives to put laws and voting on them, especially with a possibility for adoption .

    [millionday] the last part and the beginning oh and the middle is good smile

    [millionday] And: that the amendment to the law of accountability and justice comes in implementation of the demands of the demonstrators, pointing out that the inclusion of important laws in accordance with the system of the Presidency of the Council of Representatives.

    He said the head of the parliamentary solution to: that a lot of times when intended drawer Act request to have it approved, and others believe that it is to wait a while to get compatibility. He stressed the worldwide abolition: the play of the Presidency of the Council to include laws and leave resolved for acceptance or rejection vote, because there are laws did not recognize until now because of non-compliance, including the Federal Court, which included the council since the previous session

    [Flygirl02] With parliament now mtg Tues, Wed and Thur next wk to pass laws

    [millionday] i said het to work !! smile oh yes my friend -- work work work in a hurry love it brb with more

    [Flygirl02] Do you think those laws they pass next wk are necessary before it RV

    [millionday] holding company - hmmm -- has to make sense only with the isx and this includes kuwait -- have to love it

    [millionday] met with the governor of Basra Majed Nasraoui, former Kuwaiti Minister of Commerce, Salah Khorshid, and discussed with him the possibility of establishing a holding company consisting of Iraqi and Alkotah companies.

    According to a statement of the province, the agency received {Euphrates News} copy of it on Tuesday, "The governor of Basra Majed Nasraoui, received his official office at the Diwan of the province and minister of commerce former Kuwaiti Salah Khorshid, and discussed with him the possibility of establishing a holding company consisting of Kuwaiti companies by {25%} and companies Iraqi {24%} and the people of Basra {51%}. "

    The statement quoted Nasraoui say that "This company will be the first of its kind in Iraq and will have a positive impact on the reality of ages in the province," adding that he "had touched the meeting to put the first steps to work system of cooperative societies and to take advantage of the Kuwaiti experience in this field," noting that " These associations will be supported by the local government by exempting them from taxes and determine price ceilings in it. "

    [millionday] Minister of Commerce former Kuwaiti great desire to work in Basra, which is one of the most important cities that are looking to it the attention of the investment companies in the world, stressing that "capital Kuwaiti invested in Basra have begun to increase day after day because of the security and political situation stable where in addition to the interlinkages between Kuwait and Basra.

    [millionday] a holding company only comes with another country when they are in a market economy -- global -- whoop whoop -- this is fun smile whooop whoop brb with more

  3. #3
    House of Representatives announced the continuation of its sessions next week without interruption

    {Baghdad: Euphrates News} House of Representatives decided Tuesday to continue to hold its sessions next week without interruption to vote on important laws. Said a source familiar with from within the meeting told {Euphrates News} that "the Presidency of the Council of Representatives and the heads of parliamentary blocs agreed today at a meeting held inside the parliament building to continue its sessions next week without interruption to vote on important laws." He added, "With this decision will be added three sessions on Tuesday, Wednesday and Thursday to regular sessions scheduled on the agenda of the Council."

    http://www.alforatnews.com/modules/n...?storyid=37578

  4. #4
    Rouhani Puts US to the Test

    By: Shahir ShahidSaless for Al-Monitor

    In the wake of several recent developments, hopes for untangling the Gordian knot between Iran and the United States that emerged with Hassan Rouhani’s election are gaining momentum.



    Chief among them is the exchange of letters between the presidents of the two nations, initiated by President Barack Obama. While a decade-long confrontation over Iran’s nuclear program has spiraled into a perilous stage, this rare opportunity for settlement cannot be missed. However, misunderstanding the Iranians’ position and constraints could severely threaten the rapprochement sought by both sides.

    The simple truth is that Rouhani should be offered sensible sanction relief to be able to persuade Iran’s leadership for concessions on its nuclear program. A piecemeal approach will not work. As a former Iranian politician told Al-Monitor, “The United States should be ready to give big if it expects to get big.”

    Supreme Leader Ayatollah Ali Khamenei, after years of mostly uninterrupted opposition to direct talks with Americans, has endorsed the concept of “heroic flexibility” in relation to the United States. The reference is to a book that he translated from Arabic 44 years ago which analyzed the strategy chosen by the second Shiite Imam to make peace with an adversarial ruler, Mo’avieh, in the seventh century.

    According to Hossein Mousavian, the Iranian scholar and former diplomat, Ayatollah Khamenei “has issued permission” for Rouhani “to enter into direct talks with the US.” Rouhani himself told NBC News last week that he has “full authority” from Khamenei to resolve the nuclear dispute.

    While these developments are indications of Iran’s determination to open a new chapter in its relations with the United States, utmost caution should be exercised to avoid the history of past failed rapprochements repeating itself.

    First, US officials should abandon the language of threat and intimidation.

    On Sept. 17, referring to Obama’s letter to Rouhani, Marzieh Afkham, spokeswoman for the foreign ministry of Iran said, “Unfortunately, the US administration is still adopting the language of threat while dealing with Iran. … We have announced that this needs to change into the language of respect.”

    Obama has continued to stress retaining the “military option” as an essential element of his Iran policy. “[Iranians] shouldn't draw a lesson that we haven't struck [Syria], to think we won’t strike Iran,” he said in an interview with ABC. In the same interview, referring to Iran, he asserted, “If you have both a credible threat of force, combined with a rigorous diplomatic effort, that, in fact, you can strike a deal.”

    While the language may be aimed at placating the US Congress and Israel, or establishing an upper hand ahead of negotiations, such remarks could undermine the chances for progress. Mousavian has called such bullying tactics a “possible deal-breaker.”

    Iranians are a proud people and the element of pride plays a pervasive role in the Iranian politics. Iranian social scientists repeatedly stress Iranians’ pride in their farhang (culture) and tamaddon (civilization) as recurring themes in Iranian national identity. Upon taking his oath of office in early August, Rouhani asserted, “The only way to engage Iran is dialogue from an equal position, mutual trust-building, [and] respect. … Speak to us with the language of respect, not threats.”

    Second, the Iranian nuclear program has been constantly associated with national dignity. Many American scholars maintain that pride is the driving force behind Iran’s nuclear project. As a result, halting the uranium enrichment program, as repeatedly demanded by the United States, would incur unbearable political costs to Iranian politicians. They would be vulnerable to charges of abandoning Iran’s dignity if the nuclear project were surrendered. The cost is too high to afford.

    Third, the revolution’s fundamental principle has always been resistance to pressure from foreign powers. Compromising under threat and coercion would clearly be a breach of that fundamental value. Simply put, the United States isn’t only demanding that the Iranian government give up its enrichment program under force; it’s pressuring them to relinquish their identity by accepting foreign control. Israel’s involvement only makes matters worse.

    In his recent op-ed in The Washington Post Rouhani wrote, “The centrality of identity extends to the case of our peaceful nuclear energy program. To us, mastering the atomic fuel cycle … is about who Iranians are as a nation, our demand for dignity and respect and our consequent place in the world. Without comprehending the role of identity, many issues we all face will remain unresolved.”

    The bottom line is that the United States wants Iran to remain a no-nuclear-weapons state. Therefore, logically, as long as an agreement provides for maximum transparency by implementing intrusive inspection measures, US national security interests should be protected.

    It merits high attention that millions of Iranians voted for Rouhani to express their wish for an end to economic hardships, for which sanctions relief is key. Rouhani realizes that if he is unable to deliver sensible changes in terms of sanction relief, hardliners will organize a monstrous propaganda campaign against him and will marginalize him. And this will happen in a matter of months, not years.

    He cautioned about this reality saying, “The world must know completely that this period of time for resolving the nuclear issue will not be unlimited. We have a specified period of time.”

    This author, like many others, previously would have argued that Obama does not have enough authority to waive sanctions. In a July interview with Kenneth Katzman, a senior analyst and Iran expert at the Congressional Research Service, I asked his opinion about the president’s authority to relieve sanctions on the Central Bank of Iran, which many experts deem to be very damaging. Katzman said the president can use his own waiver if he “determines that doing so is in the national security interest” of the United States.

    In later email exchanges I cast doubt on the president’s authority to ease sanctions. I wrote, “In the interview you referred to PL112-81 section 1245 as an example of the waivers that president can use for easing sanction on Iran’s Central Bank [for oil deals]. But the waiver is limited to almost eight months at best.” Katzman responded, “You had asked me about the waiver authority for the sanctions on financial dealing with Central Bank for the purpose of oil deals. The final law (PL112-81) allows for a 120 day waiver, and additional periods of 120 [day] waiver[s]. There is no stipulation for limiting the number of periods the waiver can be renewed.”

    If that is the case, why does Obama not use his authority, waive the sanctions on the Central Bank with respect to oil deals for 120 days in exchange for some confidence-building steps from Iran? That will place Rouhani in a strong position to negotiate in the Iranian corridors of power for broader concessions in exchange for more far reaching sanction reliefs by the US and maybe even Europe. This is what Rouhani refers to as a “win-win” approach.
    In any case, after this period the two sides would have put each other to the test, and therefore could assess the outcome and decide the next moves.

    Read more: http://www.al-monitor.com/pulse/originals/2013/09/rouhani-us-countdown-nuclear-deal.html#ixzz2fsop3eGb

  5. #5
    Economic Committee: We are working on the passage of the economic reform law

    BAGHDAD / News: confirmed the parliamentary economic committee, on Monday, it was working on the passage of the economic reform law, which will serve to diversify Iraq’s national income, rather than relying only on oil revenues will also support the Iraqi economy in general.

    A member of the Committee MP Mahma Khalil in an exclusive interview with the agency “News” that “the process of ratification of the economic reform will lead to the absorption of many of the economic problems that led to the decline in growth rates.”

    Khalil added that “as such laws able to eliminate unemployment and work to reduce poverty rates, especially after activating the work of the productive sectors stalled work at the moment Kalmncat industrial and commercial as well as revive the agricultural situation, which will require more manpower.”

    He referred to “the existence of a reservation of some political blocs to this law because a lot of corporate officers parked will be retiring and remain without any action,” stressing “the need for a law pension unified rewarding for retirees and provide jobs for the unemployed in government installations is produced which will turn to the private sector . “
    The Council of Ministers approved a few days ago on the economic reform law, which he considered a number of stakeholders as an important step towards the achievement of developmental mutations in the country as well as it will cause in intersections settlement developments in the Iraqi economic policies.

    http://bit.ly/15

  6. #6
    Najiba Najib: the stability of the dinar exchange rate would stimulate the country's economic movement

    Baghdad - confirmed member of the Finance Committee MP Najiba Najib, the central bank to take action and controls to support the stability of the exchange rate of the Iraqi dinar against the dollar.

    Najib said in a press statement that the central bank intends to make the Iraqi dinar reduce stable against the dollar, especially in this difficult period, indicating that there are actions taken by the central bank to work to cover the value of the Iraqi dinar.

    She added that Iraq possesses huge budget and high reserves, and the stability of the dinar exchange rate is of great importance to the revitalization of commercial traffic and economic development of the country with various world countries ...

    http://alrayy.com/93238.htm

  7. #7
    Sadr ended his retirement .. And denies split (in) elements thereof and return to his movement

    Baghdad: After one day of the official announcement of the termination of the cleric, Muqtada al-Sadr, his retirement from political life, renewed the controversy between the Sadrists and the group «League of the Righteous» led by Qais al-Khazali, which split from the Mehdi Army in 2007, and on the back of the Declaration finally split 150 an element of 'Asaib »and return to the Sadrist movement and receive them in the chest Najaf.

    While avoiding the Sadrists officially receive the chest of the elements splinter «Asaib», which had changed its name last year to the movement «people of the right» and announced their engagement in the political process and dumping the weapon, the source in Sadr's office in Najaf, confirmed that the latter, who returned to Najaf from his headquarters in the Iranian city of Qom began in front of dozens of his supporters and set a weekly basis to meet with citizens and listen to their problems.

    Hundreds of supporters of the cleric Moqtada al-Sadr declared on the nineteenth of August last renew a pledge Ahl al-Sadr in Najaf, and demanded their leader Moqtada al-Sadr b «to reverse his decision to retire from political action», Adin, it «will breach the balance», Being a 'safety valve' for all Iraqis.

    For his part, Jawad al-Jubouri, a member of parliament for the Liberal bloc Vest, told «Middle East», that «Mr. Muqtada al-Sadr, scion of the family ancient made enormous sacrifices for the sake of religion and the homeland can not be left supporters and fans under any circumstance, we have said that before, where it was known as Sadr near understands so well. He added that «the chest not far from the Religious Affairs Seminaries, as well as political affairs, but remained present and soon», adding that «all bets on the retirement of Mr. Sadr by some has ended in Balkhsran».

    In turn, the people of the movement denied the right to split any element of its elements and return to the Sadrist movement. The spokesman said Ahmed Ali al-Asadi movement, told Al-Sharq al-Awsat, said that «the reports about defection of more than 150 component of the Ahl al-Haq movement but rather a news completely unfounded. He added Asadi «We learned first to register for these elements and after accurate diagnosis appeared to us that some of these are not known to us at all, and others of whom are known to belong to the Mahdi Army, even if part of them were separated from the Mahdi Army also is famous in their areas and they seem returned to the Mahdi Army and this is an internal matter does not interfere with it.

    He added that «the movement asserts that it today at their best and times in terms of cohesion and brotherhood among its members, and therefore we look to such news as a return to attempts miscarriage political and media», attributing the reason for this is to «increase affiliation voluntary movement by people from different levels Social », pointing out that« the condition that we now put it to anyone who wants belonging to the movement not to be a member of any other party, particularly the Sadrist movement to avoid Sense and aware of the interest of the Supreme.

    Sadr had been attacked during the past months' League of the Righteous, which is now closer to the State of Law coalition led by Prime Minister Nuri al-Maliki, describing them al-Sadr said in a statement that they are the people of falsehood.


    Read more: Article Link

  8. #8
    Central Bank Governor Abdul Basit Turki
    Central Bank unveils measures to cover the national currency against the dollar and confirms: can not defeat the Iraqi dinar

    Range Press / Baghdad

    The central bank, on Tuesday, on his way to take new measures to cover the value of the Iraqi dinar against the dollar, and as pointed out that the stability of the dinar exchange rate has implications for Iraq's trade with various countries of the world, he stressed that the Iraqi dinar "can not defeat."

    The governor of the central bank and agency Abdul Basit Turki said in an interview to (range Albers), "The central bank intends to make the Iraqi dinar stable to some extent against the dollar, especially in this Alguetrh difficult," asserting that "the central bank has taken specific actions to work to cover the value of the Iraqi dinar . "

    The Turkish that "the Bank recorded during the past months, a decrease severe exchange rate of the Iraqi dinar, which was born upheaval significant in the local market," noting that "the bank and through a series of decisions and actions, refer to stabilize the exchange rate of the dinar against the dollar, and this reassured the market The dinar is still strength, can not be defeated by any party whatsoever. "

    Turki stressed that "the stability of the dinar exchange rate is of great importance to the revitalization of trade and economic movement of Iraq with various world countries, the fact that Iraq has the commercially promising market, can make the dinar currency position among all the present and future."

    The Central Bank of Iraq announced, earlier, the cancellation of banking companies is registered has regardless of obtaining clearance from the Ministry of Commerce or not, and stressed that the banking companies registered and certified before 2003 were 300 companies only, as pointed out that companies exceeded Thousand It a mixture of companies that operate in accordance with the conditions and regulations of the bank and the other got the approval from the Ministry of Trade, while other companies operate without getting any vacation.

    He called on the International Monetary Fund Central Bank of Iraq to "take measures to gradually towards the liberalization of view of foreign exchange through auctions held by the Bank so as not to repeat disorders suffered by the financial market in the past year, while stressing that the establishment of a banking system nationalist requires abandoning the current model which controlled weak banks by state-owned receive preferential treatment apart from private banks, "calling on Iraq to do to strengthen public financial institutions to ensure efficiency and transparency in the use of oil revenues.

    http://translate.googleusercontent.c...xRhTNqT1ndQenA

  9. #9
    Sale of crude oil in local currency
    09/25/2013 12:00 AM

    BAGHDAD - morning

    State economic researcher said Adel: that of Iraq to sell crude oil in local currency depends on the stability of the general situation of the country as well as the stability of the dinar exchange rate and registered as a global currency.
    She told the (morning) that the moment is appropriate to take such a step because the stability of the currency is linked to the stability and general economic conditions of the country, as well as any that gets fluctuation in world oil prices will directly affect the value of the Iraqi currency.
    She noted that the global registration of the dinar as the currency makes it vulnerable to speculation and subject to fluctuation between high and low price in the global markets, including may reflect the real value in the internal business dealings in particular, and he was covered with 80 billion dollars.
    And was a member of the Economic Commission the Nora Albjara parliamentary suggested earlier sale of crude oil in Iraqi dinars instead of dollars, to support the local currency and increase its value against foreign currencies. The Bijari indicated that the central bank does not agree to the sale of oil in Iraqi dinars for fear of fraud in the local currency.

    http://www.alsabaah.iq/ArticleShow.aspx?ID=55078

  10. #10
    Bankers: high cash reserve enhances the value of the dinar

    09/25/2013 12:00 AM

    BAGHDAD - Farah pumice
    Experts and specialists stressed bankers that the high cash reserves of the Central Bank is a cover of the Iraqi dinar, enhances the value and gives the highest amount of confidence in the Iraqi market by local or foreign investors.
    This comes a day after the central bank and the arrival of foreign currency reserves and gold to about $ 80 billion, expected to increase over the coming months.
    Banking expert and executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun said in a statement (morning): "The arrival of the cash reserve to figure this enhances the value of the Iraqi dinar and ensure traders do and holders upon trust and power, as he is a cover of a real currency." Said Hassoun "When you are in Iraq thus guarantees will be provided external actors to cooperate with this country and invest in it," as it is considered an important indicator, and gives the amount of the top of the confidence in the Iraqi market for traders with dealers, contractors and equipped foreigners. called expert competent authorities to encourage citizen savings through awareness programs contribute to the definition of Iraqi citizens how to trade the dinar savings, coinciding with the increase salaries and incomes that are not accompanied by an increase in savings and by granting incentives rewarding urges to keep Dinars and not to waste it and spend randomly glory. It is said that the central bank governor Agency Abdul Basit Turki said in a press statement that the reserves the central bank of foreign exchange and gold has reached about $ 80 billion, pointing out that the increase this financial reserve resulting from the increase in international prices of crude oil, especially that it was at about $ 74 billion in June, expected at the same time that the reserve increases over the next few months in order to increase oil prices, as it depends upon the country in the general budget.
    Iraq has the fourth largest oil reserves in the world and depends on 95 percent of its annual budget on its oil exports, and currently produces about two million and 900 thousand barrels per day, while the issue up to two million and 200 thousand barrels per day.
    For his part, he saw a member of the parliamentary Finance Committee MP Abdul-Hussein al-Yasiri This reserve positively affects the national economy and is important in tough times, they returned him instrumental to raise the level of the economy, and noted that Iraq is moving towards countries with a strong economy.
    Yassiri said in a statement to the (morning) that "there is psychological reassurance in this regard, as it indicates that the economic situation is reassuring, and thus trade and investment transactions will be solid, as well as that the country would be a good environment to attract investors."
    Committee member pointed out that there are two factors encourage investment in Iraq, the first out of Chapter VII, as she was the investment companies aggregated approximately 35-45 percent of the investment, which is called the cost of Iraq, as it was canceled after coming out of the pain of this chapter, either Group II , it is good assets in central banks in the country, making the arrival of the financial reserve to $ 80 billion, meaning that the Iraqi economy is healthy.

    http://www.alsabaah.iq/ArticleShow.aspx?ID=55077

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