" The Dinar Daily ", Sunday, 27 October 2013
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Thread: " The Dinar Daily ", Sunday, 27 October 2013

  1. #1

    " The Dinar Daily ", Sunday, 27 October 2013

    Currency Auctions

    Announcement No. (2514)

    The latest daily currency auction was held in the Central Bank of Iraq on the 27-Oct-2013 . The results were as follows:

    Details Notes
    Number of banks 19
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 192,956,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 192,956,000
    Total offers for selling (US$) -----

    Exchange rates

    U.S. Dollar (USD) 1,163.0000 U.S. $ 1 = 1,163.0000 Iraqi dinars
    1 Iraqi dinars = U.S. $ 0.0009 1,163.0000 U.S. $ 1 = 1,163.0000 Iraqi dinars
    1 Iraqi dinars = U.S. $ 0.0009 0.00%

  2. #2
    Member parliamentary Finance: the need to facilitate the procedures for the sale of hard currency to support the stability of the dinar exchange rate

    27-10-2013 05:06 AM

    Baghdad (news) .. The member of the Finance Committee MP / Kurdistan Alliance / Dler unable, the Central Bank of the need to facilitate the procedures for the sale of hard currency for citizens and banking companies to support the exchange rate of the Iraqi dinar against the U.S. dollar.

    He is capable (of the Agency news): The central bank is required to develop a mechanism to facilitate the sale of hard currency, either in the auction or sale in the windows of banks in order to satisfy local market demand for the dollar.

    He added: to facilitate the process of selling the dollar will support the stability of the Iraqi dinar exchange rate because it will ensure the delivery of the dollar to target groups of companies and citizens and businessmen, they must work in this direction, indicating that the tightening will make the local currency low against international currencies, as happened during the past months.

    This witness the exchange rate of the Iraqi dinar against the U.S. dollar fluctuation due to the Central Bank's measures to the sale.


  3. #3
    Oil Parliamentary Committee calls on the government to allocate sufficient funds for the rehabilitation of dilapidated oil installations

    27-10-2013 09:37 AM

    Baghdad (news) .. Called the decision of the Commission on oil and energy MP / Kurdistan Alliance / Qassim Mohammed, to the need to allocate sufficient funds spent on the form of payments to rehabilitate infrastructure Mounhiat dilapidated oil.

    Mohammed said (of the Agency news): The rehabilitation of infrastructure Mounhiat as buying oil or oil tankers construction of large reservoirs, this need many money disbursed state could not at once.

    He added: that the government is required to allocate sufficient funds for the oil sector within the federal budget is spent on the form of payments to rehabilitate the infrastructure of the oil sector Ktahill pipe corroded or building basins large oil, and called and visited the planning, transportation and finance to cooperate with the Ministry of Oil for the completion of those projects.

    The suffering of the oil sector if other economic sectors of infrastructure degradation due to the circumstances of the wars that have passed on the country since the eighties of the last century as well as the blockade, which was imposed in the era of the nineties of the past century.


  4. #4
    Iraq's natural resources make it the most attractive countries in the world to invest

    10/27/2013 12:00 AM

    Experts: a bet on how to invest it is disabled
    BAGHDAD - Farah pumice
    economists predicted that Iraq occupies a leading position internationally in terms of owning investment opportunities with the escalation of the higher growth rates in the economy, which began a gradual transformation to a market economy.
    economic expert, Dr. Majid Mohamed Hassan said in statement (morning): "Iraq will be one of the first countries that attract the investment in the world in the field of natural resources, an anchor on several factors, including out of Chapter VII, and access to international relations real equal, as well as using all kinds of technology, are all factors Help for the development process and attracting investment in the country. "said Hassan said that the natural resources in the country is very large, as oil accounts for a third reserves in the region, as well as gas reserves, oil and seed ranked 12 in the world. noted that a report published in the" Wall Street Journal "the American said that Iraq class ranked ninth among the most امتلاكا of natural resources in the world. The report indicated that those resources of about 15.9 trillion worth of oil, gas and phosphate, as it has been calculating the value of natural resources based on the goods of natural resources ten most valuable, namely oil, gas and coal Forestry and timber, gold, silver, copper, uranium, iron ore and phosphate.
    , and I think the expert problem Atkmen to invest these resources is, they are not external, but mainly are internal dependent on how to manage the money that result from these natural resources, calling for building a state of institutions and alleviate political tensions and secure the elimination of administrative and financial corruption and bureaucracy, as well as providing the necessary infrastructure, including electrical power, especially it affect Iraq's relationship with the States foreign investors,
    said Hassan that according to plan, the national strategy for energy, it confirms that efforts are being made in a very large in order to improve these resources for greater financial returns from them.
    , in turn, said a spokesman for the Ministry of Planning عبدالزهرة Hindawi in a press statement: "Iraq is seeking to increase the export of wealth nature of oil and natural gas towards urged the pace for the development of sectors of national development," noting that the five-year plan 2013-2017 will take it upon themselves to development of some of the vital sectors to be a suitable substitute for oil in the coming years.
    while stressing experts of natural resources that the Iraqi environment of environments rich teeming with riches, but the bet remains on how to invest this wealth that looks fortunes are disabled in some cases., but the environmental expert Hadi Nasser He said: "The global report omitted a lot of other resources in Iraq, such as red mercury in southern Iraq, which is considered a rare and unique at the same time." It is said that Russia was the first prize in the assessment of the American newspaper of natural resources worth an estimated 75.7 trillion dollars Thanks to multiple resources, especially oil and gas, forestry, while the United States came in second place with 45.55 trillion


  5. #5
    Iraq prepares to meet the global demand for oil and gas

    10/27/2013 12:00 AM

    BAGHDAD - Hussein ثغب Tamimi
    concluded conference on Iraq's second oil and gas to the importance of stepping Iraq, his proof to meet global demand by processing markets by raising output, according to the strategic plans drawn.
    went Conference towards the employment of scientific research to be complementary to the effort on the ground in the oil fields and activating local expertise and development to refineries world, as well as develop expertise young in parallel with the adoption of the results of scientific research in the development of the oil sector.
    Sabah met on the sidelines of the conference a number of stakeholders to clarify the importance of this conference, he said Oil Minister Abdul Karim and coffee in an interview (morning) that the goal of the ministry raise output Gradually, as we work to reach production to 3.5 million barrels / day period coming down to 8 million barrels per day, 2018, pointing out that the conference comes to integration efforts and field theory. He pointed out that efforts are continuing to cadres of the ministry and investment companies to develop the oil sector in all his joints, exploration and production, and distribution. Either the President of the advisers Thamer Ghadban said applaud held scientific conferences on topics of oil and gas, stressing the importance of scientific research in the development of the energy sector in terms of addressing the problems and then processors Field Scientific for the sector, pointing out that the drop-organizing scientific conferences specialized were the reasons for the last period and witnessed the events, and today returned organization of conferences, this second conference which deals with the affairs of the oil sector to be held by the Ministry of Oil, which would contribute to the development of competencies and field management. He added that research and development must contribute in fact an integrated study of the field of employment to economic aspects such as marketing and other important things that contribute to raising the country's financial revenues. Stressing that these studies and research that are addressed in this conference and other conferences to Atsahm rapidly in the development of the oil sector, but to be in the form of construction of continuous driving to raise oil production, and this is an ongoing effort. Lama and Deputy Minister of Oil Fayyad good grace he has become to Iraq clear goals to contribute to the global economy, so it should walk seriously and solid steps for the processing of global markets, and this requires an extraordinary effort and record periods. He pointed out that work is underway to increase production in accordance with strategic plans set by the Ministry. Confirmed the existence of effort exploratory continued in most parts of Iraq, pointing out that the country has become owns a large fleet in the field of drilling and reclamation to contribute to increase production, and called for the development effort of research and development for the advancement of production . He pointed to the importance of holding international conferences to benefit from the experiences of other countries and reverse clear picture of the potential of local research and field. Electricity Minister Karim Aftan In a statement to the (morning) said that his ministry viewed with attention to such conferences because it is in the end in the service of the electricity sector which works integrative with the Oil Ministry, where electricity production depends on the extent provided by the Ministry of Oil of derivatives covering stations need electricity production.He said that we are blessed so conferences and follow what lead him by the results.


  6. #6
    Commercial quota
    10/27/2013 12:00 AM

    Baghdad morning
    called adviser in matters of international trade and economic expert Tawfiq inhibitor to activate the quota system to improve the commercial reality in the country.
    said inhibitor in a statement (morning): "It must be put stats determine the amount of the country's need for goods and food." said Chancellor This system must be linked to banks through determining the amounts payable to import goods and foodstuffs, as it includes the amount of the country's need her. was the CBI had announced earlier approval of the introduction of the quota to support all the banks and improve the commercial reality in the country, as you know (quota) in the trading system, the existence of a specific price ceiling imposed by the government on the traders and shop owners and they require the sale of goods and materials at the specified price, whatever the circumstances.


  7. #7
    Revenues generated substantial financial Iraq's geographical location

    10/27/2013 12:00 AM

    Baghdad morning
    while looking Iraq's financial resources variety to supplement the budget with the aim of identifying limited to resources rentier sees an economist important investment location of Iraq geographical location on the world map.
    suggests Dr. super Abdul Rasul in this regard to the draft harbor deep and the need to establish a network Railway sophisticated to invest this Project feasibility of high economic level.
    and Akdabd Apostle told (morning): the importance of inviting international companies specialized in the management of these ports and provide the level of international, noting that global trade from Japan, India and China as well as Iran and other countries pass either through the Suez Canal to the south Europe or through the Cape of Good Hope and this requires a long time in Iraq's path shorten the time and distance and this leads international trade him.
    And that when you invest this site will result in financial resources lasting through the World Trade via ships to move cargo by rail network proposed for this purpose as soon as the time between the poles of the world.


  8. #8
    Alkhozai and Hakim discuss the political situation in the country and the region

    27-10-2013 08:47 AM

    Baghdad (news) .. Vice-President of the Republic received Khodair al head of the Islamic Supreme Council Ammar al-Hakim, a number of leaders of the Board.

    A statement by the Office Alkhozai received the Agency (news) copy of it: During the meeting, the two sides discussed the latest developments on the Iraqi arena and the region is witnessing political developments and their implications on Iraq.

    The two sides stressed the need to support the initiative of civil peace and social posed by the Presidency of the Republic and a document of honor emanating from it because of its positive role in uniting the visions and attitudes, stressing the need to organize the internal house Iraq and the need for cohesion of the National Alliance and deepen the principle of dialogue and action on the participants among all the political parties in order to build Iraqi state, this meeting was attended by the leaders of the Islamic Dawa Party organization of Iraq.


  9. #9
    Ashwaq dry: broken no laws can be passed even in the next parliamentary session due to lack of resorting to the Constitution

    27-10-2013 05:10 AM

    Baghdad (Alakharia) .. accused MP / coalition of Kurdish blocs / Ashwaq dry, the political blocs selectivity in dealing with the Constitution, is likely not to pass laws, even in the next parliamentary session.

    Dry said in a statement (of the Agency news): There is a package of laws Off within the parliament because of the lack of consensus can not be passed up in the next parliamentary session.

    She added: that the reason for the inability of the political blocs to pass laws not احتكامهم, even if the political blocs to respect the Constitution worked hard and a lot of laws approved task.

    She MP for the coalition of Kurdish blocs to: that the Constitution be interpreted according to the whims of 'political blocs, which put its interest above the interest of the country, in addition to the absence of national solidarity and is based on the Constitution.
    And was a member of the citizen Bloc MP / National Alliance / vegetative Hamid, attributed the reason for the continuation of the political differences between the parliamentary blocs, to the absence of credibility and the real will among the political parties.

    The vegetation in an earlier statement (the news): The political differences disrupted the work of the House of Representatives, which is one of the most important institutions of the state and is responsible for the legislation of laws and control over all other institutions, indicating that these differences will increase the closer parliamentary elections.


  10. #10
    Deputy Christian: election law comes after the Constitution because it draws a map of the country's future

    27-10-2013 05:11 AM

    Baghdad (news) .. MP count Christian sincere Aichoa, the election law 'as significant' and comes after the constitution being drawn map the future of the country.

    The Aichoa said in a statement (of the Agency news): The election law of great importance because it comes after the Constitution of the importance of being a future draws a map of the country.

    He added: During the past four years that the voter was able to evaluate the work of parliamentarians who were elected and led his duties well, so the election is the application of the Constitution.

    The Christian MP pointed out: that the elections will take place in a timely manner, whether poverty or not the law recognizes will return to the previous election law, the Commission has been assigned to conduct operations and operational logistics and update the voter register.

    It is noteworthy that the current parliamentary session ends in March 2014, and will be held parliamentary elections after this date, where he faces election law مخاضا difficult in the House of Representatives as a result of disagreement over how to calculate the votes and the voting mechanism, as it insists the Kurdistan Alliance to increase the compensatory seats and make Iraq a single constituency, which is confronted with severe rejection by the National Alliance and some components of the Iraqi List.


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