" The Dinar Daily ", Wednesday, 25 September 2013 - Page 2
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Thread: " The Dinar Daily ", Wednesday, 25 September 2013


    
  1. #11
    Specialists: Central Bank procedures for the sale of hard currency humiliated citizens and non-supportive of the Iraqi dinar
    25-09-2013 10:08 AM

    Baghdad (news) / report / Hussein Faleh / .. Despite the relative stability witnessed by the Iraqi dinar exchange rate against the U.S. dollar during the current period after a wave of oscillations which got its price over the past months, but some specialists in the field of financial criticized the current procedures taken by the central bank for the sale of foreign currency by banks and are delivered to citizen through the passport, what made the Iraqi banks Moktdh citizens since the early morning in order to buy the dollar through passport at a subsidized price from the central bank are sold to banking offices its price trade so as to achieve differences profit estimated at (5000) dinars per (100) dollars.

    Has criticized the specialists during their talk (of the Agency news) on those actions, calling it humiliates the citizen and is supportive of the dinar exchange rate, demanding the central bank to take new measures to the sales process in order to minimize the waste of money, with the tightening of the actual control of the operations of financial transfer in order to combat money laundering and the reduction of currency smuggling.

    Member of the Finance Committee MP / coalition of Kurdish blocs / Dler capable, confirmed: that the actions of the Iraqi Central Bank on the sale of hard currency is below the required level, where we consider that the procedures are accessible and supportive of the dinar and the national economy, but it is still complicated and procedures prosthesis and vessels, perhaps will affect the exchange rate of the dinar.

    He said Dler (of the Agency news): The current monetary policy, despite their drawbacks, but it is better than the policy that was tracked over the past months and which led to the low exchange rate of the dinar against the dollar, calling the current administration of the bank introducing new plans and modern mechanisms for controlling liquidity traded in the market to create a balance between supply and demand of foreign currency.

    He added: that the central bank has a large cash reserves and this will give the extra power of the Iraqi dinar condition improves disposed of by the central bank through the buying and selling at auction.

    As a member of the Committee on the economy and investment MP / National Alliance / Abdul Abbas Xiaa, criticized: the central bank's policy of selling hard currency, being conducted at random and not well thought out, which contributed to instability in the exchange rate of the dinar against the dollar.

    He said Xiaa (of the Agency news): The new measures issued by the bank on the sale of foreign currency allowed the average citizen who owns a passport he can buy (5000) dollars a month, from banks authorized to sell at a subsidized price from the central bank and in which the teams around (200) thousand dinars net profit.

    He continued: This is what makes people give to banks from the early hours in order to obtain this amount through the passport and sell them to the 'black market', if the family consists of (devil) members they get a net profit of an estimated one million dinars per month, Valaab not a citizen, but the central bank procedures citizen who learned to commit mistakes.

    He described Xiaa: these measures as humiliated citizens and make looking for a source of living illegally, and therefore it will affect the stability of the exchange rate, and this is what makes dollar spent incorrectly, do not go to those who deserve from the merchants and owners of emergency travelers, calling for the central bank to amend its procedures for the sale of hard currency to support the exchange rate of the dinar against the dollar.

    As noted Prime Media Center Economic Dergham Mohammed Ali, to: the sale of the dollar through the passport is designed to deliver the amounts directly meet the needs of travelers from foreign currency, but some cases for payment of the amounts of small and other needs of foreign currency unless they are met at the official rate, thousands will resort to It Mirf black market currency exchange rate.

    He said Muhammad Ali in his speech (of the Agency news): But the central bank put outlets through banks routinely to customers two months ago, which has contributed to relatively reduce the black market to sell the currency and meet the demands of customers within the official price approved to sell the dollar does not affect the sales levels within the current limits in order to avoid dissipation of foreign currency.

    For his part, the financial expert warned Hussam al-Obeidi, from the low exchange rate of the Iraqi dinar in the case and hold the current monetary policy by the central bank, the fact that the hard currency pumped into the market at random and irregular.

    Obeidi said (of the Agency news): The local banks experiencing زحاما lot of citizens in order to buy dollars at the official through the passport, and this case is incorrect at the same time hold unscientific, because he learned the citizen on the error, as well as pay the owners of banking offices of manipulating prices, the dollar in the domestic market.

    He pointed out: that the central bank is in corporate banking and some offices approved by buying dollars from the auction of public and allowed some banks sell to citizens through the passport, making the process is not balanced, and this situation when its continuation will raise the value of the dollar against the dinar, which is currently experiencing stable temporarily its value .

    https://translate.googleusercontent.c....06FADzTM.dpuf



  2. #12
    Expert: Iraq's neighboring countries and collapsing economically is responsible for the spread of counterfeit currency
    25-09-2013 10:37 AM

    Baghdad (news) .. Habib, an economist accused Qara Gully, the countries surrounding Iraq and economically collapsed, trying to sabotage the Iraqi economy through counterfeiting and pull the dollar from the Iraqi market.

    The Qara Gully said (of the Agency news): The cases of counterfeiting a direct impact on the Iraqi economy, and must be eliminated as the biggest form of corruption.

    He added: that the money raised to trade must be equal to the amount of goods and services in the market, indicating that the proliferation of counterfeit money in circulation will work on a cash surplus unplanned and high commodity prices as a result of supply and demand It Miather on the Iraqi economy.

    And: that the reason for the growing incidence of fraud due to the fact that Iraq is surrounded by some of the countries in which it operates to sabotage the economy and pull the dollar from it.

    It is noteworthy that the Iraqi Central Bank acknowledged the existence of counterfeit Banknotes in commercial Alasouk, He drew Aamama to all banks to take the necessary.

    https://translate.googleusercontent.c....f01wb8wC.dpuf

  3. #13
    Iraq to pump 3.7 million B/D of crude by year end, Deputy PM Shahristani says

    Iraq, holder of the world's third-largest conventional oil reserves, is on track to pump 3.7 million barrels a day of crude by the end of the year, helped by the Royal Dutch Shell-operated Majnoon field, which is in the process of ramping up production, Iraq Deputy Prime Minister for Energy Hussain Ibrahim al-Shahristani said.

    "Iraq will easily pass 3.5 million barrels a day before the end of the year and should hit 3.6 million-3.7 million by year end," said the country's top energy official, giving his first ever keynote speech in Dubai at The Gulf Intelligence Energy Markets Forum in Dubai today.

    "The Majnoon field will produce almost 200,000 barrels a day by the end of the year," he told an audience of senior oil executives and officials participating in the forum.

    The production ramp up is part of the country's long-term target of raising oil production capacity to 9 million barrels a day by 2020. Once its field developments have been completed, Iraq should be able to maintain the 9-million-barrel-a-day plateau for 20 years or more, Al-Shahristani said.

    Iraq is also gearing up for a mini bid round in December as part of which international oil companies will be invited to bid for a contract tendered under a "new model" to develop the giant Nassiriyah oil field and build a new refinery at Nassiriyah, Al-Shahristani told the forum.

    At the same time, Iraq has decided to invite private investors to carry out independent power projects (IPPs) in the country for the first time in a bid to raise electricity generation capacity to meet rapidly rising domestic demand, Al-Shahristani announced. Plans to raise power production will receive a further boost shortly once Iraq will begin to import natural gas from neighboring Iran to provide additional feedstock for some of its power stations, he added.

    Indian Oil chairman Shri R S Butola; Christopher Bake, Executive Director, Vitol Group; Christopher Fix, CEO, Dubai Mercantile Exchange (DME); and Fereidun Fesharaki, Chairman, Facts Global Energy were among the industry leaders participating in today's Energy Markets Forum, discussing game changers that will shape the energy industry's future.

    https://www.ameinfo.com/iraq-pump-37m...-deputy-355416

  4. #14
    Member of the Legal Committee: Time is still available in front of the blocks to pass laws broken during the current parliamentary session

    25-09-2013 08:45 AM

    Baghdad (news) .. Male citizen member bloc MP / National Alliance / Hassoun Fatlawi, that the House of Representatives has a great opportunity to pass laws of contention between the political blocs, during the last legislative year of the Council, especially after the current political calm that has seen the country.

    He said Fatlawi (of the Agency news): The time is still available in front of the parliamentary blocs and the House of Representatives to end the political differences on important laws to be passed and voted on during the current parliamentary session.

    He stressed: the need to exploit the remaining time of the age of the House of Representatives, and improve the status of the Council and to give a positive image of his work, and approval of the maximum amount of laws, especially those related to the citizens and the political process.

    He was a member of a coalition of state law, MP / National Alliance / honest gum, said earlier: that the signing of the Charter of Honour will lead to an end to the differences between the political blocs.

    https://translate.googleusercontent.c....zWjOU3oX.dpuf

  5. #15
    Jinan البريسم: the signing of the Charter of honor among the political leaders will work to melt the ice differences between the blocks

    25-09-2013 08:44 AM

    Baghdad (news) .. Confirmed member of the State of Law MP / National Alliance / Jinan البريسم, that the signing of the code of honor among the leaders of political blocs will melt the ice outstanding political differences and end the current crisis.

    The البريسم said (of the Agency news): The signing of the Charter of honor among the political blocs important in order to resolving all outstanding issues between the political blocs, especially with regard to the laws broken, which weighed heavily on the security situation of the country.

    She added: that the political consensus between the blocks has a great role in solving the problem of Laws, which is still the touchstone otherwise parliamentary blocs, which will have a positive role is reflected in the security situation experienced by the country recently.

    The political scene in multiple differences between the blocs, including about Laws accumulated on the shelves of the House of Representatives.

    -https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&tl=en&u=https://www.ikhnews.com/index.php%3Fpage%3Darticle%26id%3D102206&usg=ALkJrhh_uWvTz0ebLy8GD5_yU-WNOysxww#sthash.etWE8Aya.dpuf

  6. #16
    The Supreme Judicial constitute committees to prepare draft laws, notably its law and the Federal Court
    Wednesday, September 25 / September 2013 10:51

    Twilight News / announced the Supreme Judicial Council, Wednesday, taken a decision to form committees to prepare draft laws including the draft law of the Federal Supreme Court, and the Supreme Judicial Council as a prelude to make them one code under the title (Code of Judicial Authority).

    alt A statement issued by the Media Centre for Judicial Authority obtained "Twilight News", a copy of "The Supreme Judicial Council decided at its (13) the formation of a number of committees including the Committee to prepare a draft law of the Federal Supreme Court and have its members judges of the Federal Supreme Court."

    The statement said the Supreme Judicial also decided to form a "Committee to prepare a draft law of the Supreme Judicial Council the problem of two judges of the Federal Court of Cassation and a number of heads of Courts of Appeal and two judges of the courts of first instance."

    He noted that "either the Commission to prepare a draft law of the General Administration of the judiciary and problem Fberiash the judge at the Federal Supreme Court and a number of general managers in the public administration of the judiciary."

    The Supreme Judicial Council has recently decided to prepare a code of the judiciary, which includes legislation components of this power which laws (Federal Supreme Court and the Supreme Judicial Council and the Federal Court of Cassation and a prosecutor and a judicial supervision and the rest of the courts and the public administration of the judiciary).

    https://translate.googleusercontent.c...4N-VbWysU_RmDA

  7. #17
    Energy parliamentary cooperation: the Gulf of Iraqi oil is not non-existent, but is weak and needs to be activated
    Wednesday, September 25 / September 2013 07:09

    [Baghdad where]

    According to a member of the parliamentary energy commission, Furat al-Shara, that the draft law of crude oil refining, will read soon in the House of Representatives.

    Shara said in a statement to the Agency all of Iraq [where], "The bill will read the oil filter after the draft oil and gas law, a law that if enacted would open the doors to invest in Iraq, in the absence of legislation, there will be irreplaceable."

    Shara said that "the Iraqi oil cooperation Gulf I can not say it as non-existent, but it is weak and needs to be activated, and how this activation need to be political agreements in the parliament. "

    Iraq today seeks to build good relations with the Gulf countries, especially the cooperation in the field of oil and energy, according to what reported by observers.

    In spite of the progress in the field of oil fields in Iraq, but that the federal government is seeking to establish local companies specialized in the field of oil extraction and filtered in order not to rely solely on foreign companies.

    https://translate.googleusercontent.c...pwWf7H28ekBz6g

  8. #18
    U.S. Consul goodbye Iraq: bureaucracy kept investors away from your country
    09/25/2013 (00:01 pm)

    o Basra / Range Press
    Revealed the United States, for reducing their aid material to Iraq because of the reduced budget, indicating that it will focus during the next term to support the oil sector and its development, especially in Basra, while called to harness the wealth of the province to implement the services and construction and beyond "obstacle bureaucratic high hampered attract foreign investors," Businessmen Union demanded to provide the necessary facilities to encourage foreign investors to work in the province.
    He said the outgoing U.S. Consul, Bill Krant, during the farewell ceremony in Basra yesterday that "the coming days will witness directly the new U.S. Consul General in the province, Matthews Mtman", noting that "Mtman through his work will focus on the support of the oil sector in Basra and development."
    And Krant added, that "the U.S. government is continuing its fixed policy towards Iraq, regardless of the people who carry them out", calling for the need to "harness the wealth preservation for the implementation of large projects and reconstruction services and overcome bureaucratic obstacle that led to the high blocking attract foreign investors to it."
    U.S. Consul explained, that "the U.S. spending in Iraq will fall back to the reasons for reducing the budget," adding, "but in return Iraq's resources has seen a rise being able to afford the decline of U.S. aid."
    Meanwhile, a vice president of the Union of businessmen in Basra, Abdul-Sahib Saleh, in an interview to (range Press), on the sidelines of the conference, said that "the relationship between Iraq and the United States must be based on the economic interests of civil," calling to "employ these relationship to attract major U.S. and international companies to Basra. "
    Saleh saw, that "the responsibility to protect U.S. companies and foreign companies operating in Basra were not clear," stressing the need to "work hard to attract foreign investors and facilitate the granting of visas because so special actions in Iraq, Basra is the toughest in the world."

    https://translate.google.com/translat...2%26tbs%3Dqdr:

  9. #19
    Vice chest calls to speed up the adoption of the electoral law and the adoption of the open list
    Wednesday, September 25 / September 2013 08:59

    [Baghdad - where]

    MP for the Liberal bloc of the Sadrist movement Hussein Sharifi on Wednesday, the presidency of the parliament and the political blocs to speed up the adoption of the electoral law and the adoption of the open list and multiple constituencies.

    Sharifi said in a statement received by the agency all of Iraq [where] a copy of it today, that the election bloc with the establishment of the deadline can not be postponed, because this is a breach of the democratic process.

    He added that "the people's demands and have become clear reference where called for the adoption of this law, in addition to laws that serve the interests of the citizen."

    He stressed that the system is open-list elections according to multiple constituencies it is the demand of the people, which is the source of authority.

    It was a meeting of the Presidium of the Council of Representatives had commissioned first deputy chairman of the Council Qusay al-Suhail head the parliamentary legal committee, a meeting was held yesterday and the other held today, for agreement on the wording of the law and ask Parliament elections law to vote in next Thursday's meeting. "

    The House of Representatives lifted its usual until tomorrow Thursday.

    https://translate.googleusercontent.c...o9t6k_WlfqA5Hg

  10. #20
    Chalabi criticized the government's handling of the security file
    07:20:25 / 09/2013

    Khandan - said the leader of the Iraqi National Congress, Ahmad Chalabi, said the adoption of the principle of "an eye for an eye" will not remain in Iraq an eye intact, indicating that the political class should learn from the experience harsh experienced by the country, and realize that the "politics of revenge" during the transitional phases , produces extreme kinds of damage.

    He drew Chalabi in an extended meeting with the newspaper "long" be published on Thursday, strongly criticized the government's handling of the security file, and said that the mere use of the word "revenge for the martyrs" as the name for operations in the outskirts of Baghdad, is a mistake terrible might make a large segment feels the subject of retaliation, and begin to act on this basis.

    According to Chalabi that "meet by chance" prominent leaders in the intelligence community and shocked because they do not have the information is serious about networks finance violence and his administration and the way in which seep out explosives to them, as well as neglect and clear systems to monitor and analyze the information in this context, which is what makes the government have to do nothing "random" via the raid and arrest campaigns, which have a negative impact as bad as he put it.

    Chalabi said that the problem is not just the inability of politicians for accounting executive power, there is also a "climate of fear" among senior officers do not encourage them to critique the plans and procedures failed, and explain it by saying that "Iraq could turn within hours of the official important to supplements terrorism and large accusations "this terrible bug in the state.

    https://translate.googleusercontent.c...I-RxX3E8g-AL4w

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