" The Dinar Daily ", Tuesday, 26 August 2014 - Page 3
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Thread: " The Dinar Daily ", Tuesday, 26 August 2014


    
  1. #21

    Washington expects the formation of a government-Abadi, in conjunction with the tour,

    Washington expects the formation of a government-Abadi, in conjunction with the tour, Obama Br, negative early next September
    The source / channel change


    Posted 26/08/2014 12:34 PM

    Sources prominent American quest for the American administration to form a new Iraqi government before the end of the constitutional period in atheist th of next month




    The sources said the channel change that the administration of President George hoped that the Prime Minister Haider Abadi, the Iraqi in charge of the completion of the formation of his government on the fourth of next month.


    The same sources attributed the reasons for this desire for American To Synchronized with a planned tour of President Barack Obama On the fourth of next month to Europe, where he will meet with a number of European leaders.


    She considered the same sources in the formation of a government before the constitutional period Abadi, and in conjunction with the tour, President Barack Obama It will give the support and credibility of American efforts toward dealing with the Iraqi file and the results achieved by his administration to help the Iraqis in accordance to the emergence of an inclusive government that represents all Iraqi components.
    https://translate.googleusercontent.c...Yjfqj6tFwrwc6Q



  2. #22

    Mayor of Baghdad: Government instruct contracted with 20 companies specialized in bui

    Mayor of Baghdad: Government instruct contracted with 20 companies specialized in building 250 000 house and low cost
    August 26, 2014




    Voices of Iraq: Baghdad revealed Secretary Abaub Naim al-Kaabi, on Sunday, said the government instructed to contract with a company specialized 20 250 000 to build a house and low cost within the project of the National Initiative for housing.


    It quoted the Directorate of relations and media for Kaabi as saying that "the Prime Minister instructed to contract with specialized companies of (20) companies for the implementation of buildings and low cost within the project of the National Initiative for housing, which includes building 50 thousand housing units in Baghdad and (200) thousand residential units in the rest of the provinces, especially after they have completed the Municipality of Baghdad in the final stages of the project and the agreement with the specialized companies and the completion of the negotiations that resulted in the preparation for the finalization of the contract. "


    He added that "the secretariat of Baghdad extremely important role to see this project light through the formation of specialized committees chose technical specifications accurately and required the approval of the Ministry of Construction and Housing on the designs submitted by competing companies, especially designs that suit the Iraqi environment and uses the Iraqi individual," stressing "prime minister's eagerness to complete the project Iraqis who promised to achieve the service of the poor and the needy, the widows and orphans who do not have a cut or residential units in Baghdad or the provinces to their dream become reality as they enjoy decent housing. "


    "The residential complexes that will be built will be equipped with all the necessary services such as water, sewer, roads, schools, health centers and sports stadiums and parks and gardens, along with business events and environmental and other service according to the best international specifications and designs."


    The statement said that the prime minister was opened earlier in the show role models of residential and low cost, which included more than (34) model a distinctive participated in it (26) global company competed with each other in accordance with the varied designs impressed specialists in the field of reconstruction and citizens and those in charge of the project National Initiative for housing. "

  3. #23

    Minister of Finance Agency: not capable of in the 2014 budget

    Minister of Finance Agency: not capable of in the 2014 budget
    August 26, 2014
    Finance Minister agency purity of net debt, the lack of a fiscal deficit in the budget of 2014, and because the expenses were necessary to guide and this year.


    Safi said, "There are a large check for the existence of financial liquidity sufficient to meet the employees' salaries for the remainder, as well as providing ongoing project expenditures and operational." "The 2014 budget is built on actual figures, and because the revenue and expenditure figures were real."
    Updated August 26, 2014 | Source: Radio Tigris |

    https://translate.googleusercontent.c...rHcaK0kXfj8bvA

  4. #24

    Jubouri: Parliament legislation binding laws and import and distribution of wealth to

    Jubouri: Parliament legislation binding laws and import and distribution of wealth to the provinces
    26/08/2014 - 15:12




    Alsumaria News / Baghdad
    The head of the House of Representatives Saleem al-Jubouri, on Tuesday, that the Parliament legislation binding laws and import and distribution of natural resources to the provinces, noting that the meeting with the heads of the provincial council aims to strengthen the relationship between the parliament and local governments to activate the principle of administrative decentralization.


    Jubouri said during a press conference, today, with the heads of provincial councils at the parliament building, and attended "Alsumaria News", "provincial councils are the cornerstone of democracy-building and according to the constitution and on this basis should be given a lot of powers," adding that "the House of Representatives will be binding legislation laws and import and distribution of natural resources to the provinces and the Federation Council adoption of the law and speed up the approval of the general budget. "


    Jubouri said that "today's meeting touched on discussing the security situation experienced by the country and the problem of displaced people," adding that "the issue of hosting the governors and heads of provincial councils will be permanently in the House of Representatives for the transfer of their suffering to the parliament and the executive branch."


    The President of the Parliament to "end the foundation of the meeting is to find a great deal of cooperation and mutual trust between the two sides to strengthen the relationship between local governments and the parliament to give effect to the principle of administrative decentralization and create a framework Agree clear with the executive bodies of the Council of Ministers and the security services and the head of the government."


    And met with Parliament Speaker Salim al-Jubouri, on Tuesday afternoon, with the heads of the provincial councils to discuss Iraqi provincial councils activation code and give the central provinces, while did not attend the meeting, representatives of the three provinces.


    The Prime Minister outgoing Nuri al-Maliki called, (January 12, 2014), to reconsider the law of the provinces the rate at which contains a lot of notes, and as pointed out there are the voices demanding the army and the independence of each province, considered that it is against the law.


    It is noteworthy that the second amendment to Law No. 21 of 2008, passed by the Iraqi Council of Representatives, addresses the overlap between the powers of the local governments and the central government, and gives legislative powers and control very wide to the provinces, and gives the provinces half revenues border crossings, also provides for the provinces of oil-producing five dollars instead of one dollar for every barrel of oil produced or repeats them or issued through.

    https://translate.googleusercontent.c...Dsu2YBASCxL4Iw

  5. #25

    Deputy for reform: some unreasonable demands of the masses and outside the powers of

    Deputy for reform: some unreasonable demands of the masses and outside the powers of the Abadi

    Tue Aug 26 2014 13:38 | (Voice of Iraq)

    Alsumaria News / Baghdad

    MP from the Reform Movement, Tawfiq al-Kaabi, on Tuesday, that some of the demands of the political blocs to form a government is reasonable and outside the powers of the Prime Minister-designate Haider al-Abadi, while noting that the Abadi not received until now the names of candidates for ministerial portfolios blocs.

    Kaabi said in an interview for "Alsumaria News", that "some of the demands of the political blocs on forming a government is reasonable and is outside the scope of the authority of Prime Minister Haider al-Abadi," noting that "some of which provide for the abolition de-Baathification law, accountability, justice, and these demands need to vote within House of Representatives can not be solved by Abadi. "

    Kaabi added that "some of the blocks requested things are not the prerogative of Abadi and can not be solved only after the formation of the government," he said, adding that "these demands can be resolved by agreement blocs in parliament."

    The MP for reform that "Abadi not received until now the names of the candidates of the political blocs to portfolios," expected to "witness two days next couple of candidates to resolve those positions."

    The deputy from the coalition of "Uniting for Reform" revealed on Tuesday (August 26, 2014), some of the heads of the Sunni blocs boycott the negotiations through the media and conduct "secret."

    He called the National Alliance, on Tuesday, all the political blocs to expedite submission of names of candidates for ministerial positions, noting that he would continue dialogues with the maturing of the paper and a national accreditation program in the next government.

    She stressed the presidency of the Kurdistan region, on Tuesday, the importance of the commitment of the new Iraqi government in front of Parliament to respond to the demands of the people of Kurdistan and included in its government program, while warning of the risk of failure of efforts to save the country and abort the national effort in the event of failure to respond to it.

    The Prime Minister-designate Haider al-Abadi, Saturday (23 August 2014), for directing messages of the political blocs select the conditions that must be provided by the nominees for ministerial positions in the next government, stressing that one of the conditions of efficiency and leadership qualifications.

    The political blocs began to negotiate with each other and held meetings to discuss the formation of the next government and the distribution of ministerial portfolios according to the consensus and the elections.


    https://translate.googleusercontent.c...#ixzz3BVbnXt6E

  6. #26

    U.S. VP stresses formation of new government in Iraq

    U.S. VP stresses formation of new government in Iraq

    Tuesday, 26 August 2014 16:54

    Baghdad (AIN) -U.S. Vice President Joseph Biden on Monday once again stressed the formation of a new government in Iraq as an "integral" part of efforts to combat the Islamic State in Iraq and Levant rampaging in the northern part of the country.

    In a phone conversation with Prime Minister-designate Haider al-Ebadi, the VP noted that political progress made in Iraq has brought about "greater regional and international support," describing the efforts to form a new government as "an integral component" of the country's broader fight against the ISIL terrorists.

    Al-Ebadi on Monday voiced hope for a "unified vision" for a new government within next two days, vowing to seek a cabinet that "includes all Iraqi factions."

    Al-Ebadi told Biden of his intent to "quickly" form a new government "that is inclusive of all segments of Iraqi society and that is prepared to take concrete steps to addresses the concerns of all of Iraq's communities," the White House said in a statement.

    It said Biden on Monday also spoke to Iraqi Parliament Speaker Salim al-Jobouri about the quick formation of a new cabinet.

    https://www.alliraqnews.com/en/index....t-in-iraq.html

  7. #27

    Mahmoud Othman: Iran and America have consistently pressed strongly on all political

    Mahmoud Othman: Iran and America have consistently pressed strongly on all political blocs

    Agency day 8
    26 August 2014, 12: 08 pm

    Baghdad

    Detection of the Kurdistan blocs Coalition leadership member of Parliament Mahmud Othman that Iran and America have consistently pressed strongly on all political blocs to form the next Government within the constitutional period. "

    Mahmoud said that the high demands of political blocs would delay the process of forming a Government within the constitutional period, given that National Alliance would probably not consistent with these demands, and that Prime Minister Haidar Al-Abbadi cannot resolve all problems during the 15 days ".

    Mahmoud said that "the political blocs may agree in principle to solve these problems, the new Government, and the Government and Parliament to resolve all the problems gradually."

    Mahmoud said that "the Kurdish side demands that international commitments to solve problems, to participate in the new Government, while Sunni blocs calling for undertakings from the University and some Arabic countries for the same purpose, and the two sides do not satisfy commitments Abadi and National Alliance, pointing out that the fairly complicated subject, but in the end, the Government will be formed under pressure from Iran and America."

    Mahmud called all political blocs to the descending in order to speed up the formation of the new Government and fully cooperate against terror, non daash link topic daash Cabinet, given that hands everyone a danger daash and demonstrate flexibility in the negotiations for the common good of the country

    https://www.microsofttranslator.com/b...2F%3Fp%3D67537

  8. #28
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    Re: Jubouri: Parliament legislation binding laws and import and distribution of wealt

    Quote Originally Posted by sczin11 View Post
    Jubouri: Parliament legislation binding laws and import and distribution of wealth to the provinces
    26/08/2014 - 15:12




    Alsumaria News / Baghdad
    The head of the House of Representatives Saleem al-Jubouri, on Tuesday, that the Parliament legislation binding laws and import and distribution of natural resources to the provinces, noting that the meeting with the heads of the provincial council aims to strengthen the relationship between the parliament and local governments to activate the principle of administrative decentralization.


    Jubouri said during a press conference, today, with the heads of provincial councils at the parliament building, and attended "Alsumaria News", "provincial councils are the cornerstone of democracy-building and according to the constitution and on this basis should be given a lot of powers," adding that "the House of Representatives will be binding legislation laws and import and distribution of natural resources to the provinces and the Federation Council adoption of the law and speed up the approval of the general budget. "


    Jubouri said that "today's meeting touched on discussing the security situation experienced by the country and the problem of displaced people," adding that "the issue of hosting the governors and heads of provincial councils will be permanently in the House of Representatives for the transfer of their suffering to the parliament and the executive branch."


    The President of the Parliament to "end the foundation of the meeting is to find a great deal of cooperation and mutual trust between the two sides to strengthen the relationship between local governments and the parliament to give effect to the principle of administrative decentralization and create a framework Agree clear with the executive bodies of the Council of Ministers and the security services and the head of the government."


    And met with Parliament Speaker Salim al-Jubouri, on Tuesday afternoon, with the heads of the provincial councils to discuss Iraqi provincial councils activation code and give the central provinces, while did not attend the meeting, representatives of the three provinces.


    The Prime Minister outgoing Nuri al-Maliki called, (January 12, 2014), to reconsider the law of the provinces the rate at which contains a lot of notes, and as pointed out there are the voices demanding the army and the independence of each province, considered that it is against the law.


    It is noteworthy that the second amendment to Law No. 21 of 2008, passed by the Iraqi Council of Representatives, addresses the overlap between the powers of the local governments and the central government, and gives legislative powers and control very wide to the provinces, and gives the provinces half revenues border crossings, also provides for the provinces of oil-producing five dollars instead of one dollar for every barrel of oil produced or repeats them or issued through.

    https://translate.googleusercontent.c...Dsu2YBASCxL4Iw
    AND....


    PARLIAMENT SITE:
    House of Representatives held the first meeting of the heads of the provincial councils


    26 August 0.2014


    Sponsored by Mr. Speaker Dr. Salim al-Jubouri, the Board held the first meeting of the heads of provincial councils on Tuesday, 08/26/2014 at the Constitutional Hall, attended by heads of provincial councils (Baghdad, Basra, Nineveh, Babylon, Anbar, Missan, Najaf, Karbala, Muthanna , Diwaniya and Diyala).

    meeting was opened by the President of the Council speech in which he stressed that the purpose of the meeting is to take these councils legislative and supervisory role and strengthen relations with it in accordance with the principle of administrative decentralization.

    text of the speech of the President of the House of Representatives at the meeting

    In the name of God the Merciful
    brothers dear heads and members of provincial councils Honorable
    Peace, mercy and blessings of God

    at a time when the country is witnessing a crisis of security in some of our provinces, whom we meet here to talk about the future shape and method of administration with the terrorism controls on each and seized large swathes of them, and defended What we are doing today is our faith is certain that he is not right, but the right and bats of the night is an emergency situation Ceseha sunlight, which will rise to Nineveh and parts of Salahaddin, Anbar, Diyala also as never before will is that we have much greater than the instincts of terrorism deviant and appreciate much of its brutality and wisdom that fills the hearts and minds deeper than Hmgah and superficiality and rigidity.


    Here we Nltam day under the dome of national legitimacy and in the corridors of the People's Palace, the legislator and the observer and the accountant and the defender of the rights and the officer of the rhythm Executive plan to our provinces and lay out a way stronger through the Constitution, which have contracted together by the cooperation and solidarity and cohesion to protect democracy The civil state that grew cumbersome under eleven years of confronting the dangers and challenges.


    has identified the Iraqi constitution, the path of the federal state as a concept guarantees the right to national and enhances the freedom of decentralization Tasm of domination and acquisitions and educate to open the sails and move to large areas of creativity executive and regulatory and legislative framework which takes into account the specificity of geography and society and the economy and in the interest of the center of a rich limbs are not parties to the poor, to the position.


    said Act 21 (THIS IS THE LAW OF THE PROVINCES) of 2008 and all its amendments represents a ceiling has directed those who seek greater freedom and reassures wary of the country's division is based decode the conflict between Ragheb and monk standing line warm in between aspirations and reservations.

    to ensure proper management of the provinces require financial resources and provincial councils and governors authorized broad powers maneuvered her House proposal Law Union (THIS IS A REFERENCE TO THE FEDERATION COUNCIL OR LAW OF THE UNION) Councils provided for in articles 48.65 and bill the General Authority to monitor customizations administrative provided in Article 106 and a bill guaranteeing the rights of the provinces in the fair participation in the management of Federal Institutions texts in Article 105 and the proposed law delegating the federal authorities to the provinces and provided in Article 123 of the Constitution.


    said the House of Representatives with an estimated all the efforts that have been made ​​in order to develop the performance of the provincial councils, it is at the same time looking forward to a bigger role and boldly explained to take advantage of the constitutional articles aforesaid but and promotion of bills granted provincial new areas of the ability to develop and sustain themselves in an atmosphere of competition for the project, which creates a real will to compete in the field of offering the best in less effort and time and money it invests its human and natural Aodvha to serve the local community for this province or that which is reflected positively Certainly the center, which then will play the role of the warehouse and the sovereign power in this race conscious toward the goal.


    Dear brothers

    that Mhafezatkm waiting for you a lot, which is not so much on your parents and we are in Baghdad waiting ready support and help in whatever we can that we provide to you for the success of your mission and you will find the House of Representatives good supportive and given the success there Chgloa yourselves political differences Vmanmtkm primarily professional service according to objective criteria .

    May God help you for the good of our provinces and our people and our Osddkm to serve your people.

    Again hello to you in the Council of Representatives of Iraq and Baghdad welcomes you and will remain a mother who weaned their children to teach them how to eat and let them go from her lap to inspire them how to stand up on their feet, and while that will not deny the children of the powerful no matter how powerful their abilities and expanded their potential the hub and the position it is a rotation in its orbit and expand the diameter and this is a movement of life and Namusha.

    greeting to (Erbil, Anbar, Babil, Baghdad, Basra, Kirkuk, Dohuk and Diyala, Dhi Qar, Sulaimaniya and Salahuddin, Qadisiyah, Karbala, Muthanna, Maysan, Najaf and Nineveh and Wasit) and greetings to you and to all your brothers the members of the provincial councils and districts, counties and wishes Bmofiqih you and success.

    The meeting discussed topics listed on the agenda, including the application of provincial law
    irregular province, No. 21 of 2008 and the role of the House of Representatives in promoting decentralization and development and administrative decentralization in the administration of the provinces and the distribution of powers and allocations earmarked for the development of the regions and their adequacy.



    gave Heads of provincial councils working papers during the meeting included problems and constraints experienced by their provinces.

    , where Mr. Riad dentex head of the Baghdad Provincial Council on the importance of the enactment of the capital Baghdad and its role in solving a lot of administrative problems with the ministries, calling for increasing investment allocations to maintain and increase the powers of the Baghdad Provincial Council in accordance with the Act 21 of 2008.


    President stressed Nineveh provincial council Bashar Kiki on the need to involve the Council in the administration of the security file in the province and to open an office companion to the Provincial Council and the granting of powers stipulated by the law.


    called Kiki attention to the displaced people of the province of Nineveh, who had sought refuge in other provinces.


    demanded Mr. Yahya Attiya Chairman of the Board of the province of Dhi Qar uncover the fate of hundreds of people of the province who were at the base of Speicher in Salahuddin province and coordination with the tribes in Salahuddin province, in order to uncover the truth about their fate.


    called Atiya to ratify the founding Oil Company of Dhi Qar, and giving greater powers to the provincial councils.


    said Mr. morning Krhot Provincial Council chairman Anbar to the presence of interference in the powers with the ministries in the province, calling for help displaced families and the opening of schools and colleges in front of students displaced and payments to farmers and the release of detainees and the abolition of the law of the matter, justice and help the provinces affected.


    demanded Prime Diyala province, Muthana al-Tamimi, giving a greater role for the tribes in the province to fight terrorism and arming them with weapons to confront the gangs Daash terrorist and integrate elements of popular mobilization and others in the security services, as well as increased allocations from the general budget of the province.


    between Mr. Khudair al-Jubouri, head of the provincial council of Najaf burdens borne by the province due to security conditions and political conflicts between the various forces in the province, affecting a negative impact on the security reality and service, calling to increase allocations earmarked for the province of the general budget.


    He said Mr. Baqir al-Shaalan representative of the President of the provincial council in Diwaniya, the lack of access to maintain any support in the file displaced in spite of the difficult conditions experienced by the displaced people and maintain at the same time, calling for the inclusion of conservative tours oil licensing after the discovery of a number of oil fields there.


    called the head of the provincial council in Karbala Holy Mr. Nassif rhetorical to activate the law of provincial councils to increase the powers of these councils and to prevent interference with other departments in the province, as well as coordinating the work of the committees of the House of Representatives and the committees of the province of Karbala, calling for the allocation of additional funds for the construction of camps for displaced people and taking into account the circumstances that prevailed in the province during visits Alumblyonip .


    said Mr. Munther Rahim Chairman of the Board of Maysan province to the peasants in the province have been affected significantly as a result of preventing them from planting rice crop for the fifth year in a row, calling for compensation, also called for the involvement of people of the province in the security file and open the door for them to volunteer.
    He stressed governor Yasiri Chairman Muthanna province on the need to keep conservative political differences being dramatically affected the security reality and service.


    said Yassiri as to maintain that suffer from a lack of financial revenues being non-oil and there is no where border ports, demanding re-port the border with Saudi Saudi Arabia.

    The meeting came out with the following recommendations: -


    1. The Heads of the provincial councils to take advantage of the broad powers stipulated by the Law on Governorates not organized in a region No. 21 of 2008 as amended and especially in the active participation in the meetings of the Supreme Commission for coordination between the provinces, headed by the Prime Minister and the membership of the ministers of labor, education, health, planning, housing, agriculture and financial Youth and municipalities in addition to the Minister of State for Provincial Affairs in order to: -


    A. Ask the problems that stand in the way of action provincial councils relevant executive authority.


    b. Transport sub-districts of the ministries and practiced her work in the provinces character service (such as municipalities, construction, labor, education, health, agriculture, finance, youth and sports) with the functions, rights and obligations to the provincial labor where where it will move the rule of law in the 15/8 / in 2015.


    c. Putting in place mechanisms to manage the shared competences between the federal government and local governments in accordance with Articles 112, 113 and 114.


    d. Request authorization for the approaching federal authorities to local governments and waged pertinent to the management of investment projects and to facilitate the management of the provinces on the basis of Article 123 of the Constitution.


    2.-up elections and district councils with the Electoral Commission for elections and the relevant authorities.


    3. Work on building a specialized administrative cadre in the provincial councils to manage the legal affairs, financial and technical, especially for the role of supervisory boards.


    4. Follow-up projects lagging and control wastage of public money and ill-treatment and exploitation of administrative corruption.


    5. Develop strategic plans and precedents and scheduling of project implementation and completion phases and taking into account the criteria.


    At the conclusion of the meeting held Mr. Speaker and Gentlemen heads of provincial councils held a press conference to demonstrate the most important of the meeting and the results that came out with.
    attended the meeting, Mr. Secretary-General of the Council of Representatives and gentlemen, general managers and advisers in the House of Representatives.


    The information department of
    the House of Representatives
    26/08/2014

    https://www.parliament.iq/details.asp...8&AlwType=News

    OOTW - JOBOURI MEETING WITH THE HEADS OF THE PROVINCES AND ESSENTIALY (FROM WHAT IT SEEMS READING THE RELEASE) HE INTENDS TO ACTIVATE THE LAW OF THE PROVINCES, LAW 21. THIS IS SOMETHING MALIKI FOUGHT TOOTH AND NAIL, BECAUSE IT RELEASES CONTROLS OVER MOST NEEDS BACK TO THE PROVINCES - AND THE PROVINCES, IN TURN, REQUEST TO THE FEDERAL GOVT FUND OR BUDGET ALLOCATIONS BASED ON THEIR NEEDS IN ALL SECTORS (EXCEPT MILITARY I BELIEVE AND OTHER "FEDERAL" ASPECTS) - I BELIEVE THIS IS NEEDED IN ORDER TO SET UP THE FEDERATION COUNCIL - WHICH PROVIDES A KIND OF HIGH COUNCIL, WHICH OVERSEES THE WORK OF THE GOVT - PLACES CHECKS AND BALANCES OVER THE WORKINGS OF THE GOVT - WHICH WILL CONTAIN I BELIEVE 5 HEADS OF THE COUNCIL, WITH I BELIEVE, 2 REPS FROM EVERY PROVINCE..THIS IS MEANT TO, IN PART, DISPEL ANY ABILITY OF A POTENTIAL DICTATOR FROM TAKING CONTROL, AS MALIKI DID. ALSO - JOBOURI WOULD NEED TO MEET WITH THE HEADS OF THE PROVINCES, IN ORDER TO DETERMINE THEIR FINANCIAL NEEDS TO BE ADDED TO/CONFIGURED INTO THE FEDERAL BUDGET, IMHO....THIS IS FANTASTIC NEWS!
    Last edited by OOTW; 08-26-2014 at 05:37 PM.

  9. #29
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    Re: Currency Auctions

    Quote Originally Posted by chattels View Post
    Currency Auctions
    Announcement No. (2754)

    The latest daily currency auction was held in the Central Bank of Iraq on the 26-08-2014 results were as follows:

    DETAILS NOTES
    Number of banks 16
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 225,147,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 225,147,000
    Total offers for selling (US$) -----

    Exchange rates ( 1,203 Market Rate * NEW * https://www.cbi.iq/documents/CBI_FORE...E_AUCTIONS.pdf )

    https://www.cbi.iq/index.php?pid=CurrencyAuctions

    * The gap between the official rate and the market rate is now at " about " the 2 % Kaperoni was looking for to comply with the IMF as i understand it. We shall see if it " holds ? "
    AND HERE'S THIS



    The Market Rate today is 1203, a difference of 9 Dinars from the past 5 auctions. Proof the CBI is moving forward with economic reform and what ever steps they are taking are positive.

    2754 26-Aug 1,203 1,166 225,147 88,775 136,372

    https://www.cbi.iq/documents/CBI_FORE...E_AUCTIONS.pdf


    Sales of the Iraqi Central Bank of the dollar at an auction sale and purchase of foreign currency at today's meeting amounted to 225 million and 147 thousand dollars, after having reached yesterday, 198 million and 355 thousand dollars, a stable exchange rate of 1166 dinars per dollar, citing agency QNA Qatar.

    She explained the daily bulletin issued by the Central Bank of Iraq that the demand for the dollar distributed by 88 million and 775 thousand dollars was sold in cash, while the value of the amounts sold form of remittances 136 million and 372 thousand dollars a price tag for 1178 dinars per dollar and the purchase price was cash of $ 1190 dinars .

    The Iraqi central bank held six sessions auction in the week for the sale and purchase of foreign currency, from Saturday to Thursday .
    earns the bank a commission of 13 dinars per dollar, with a deduction of 8 dinars per dollar amounts purchased, ie, that the purchase price of the dollar cash equal to the cash sale price of the dollar less 8 dinars .


    https://www.mubasher.info/ISX/news/25...1#.U_zI6fmwJ4c

  10. #30

    Re: Currency Auctions

    Economic performance in the development of Iraq did not materialize and the time lost a lot from him

    Mohammad Reza Sinan Shabibi



    In the economy we face an economic problem at the individual level and at the community level. The problem is that these multiple needs, and resources for these needs is limited. Because resources are limited, we must choose needs that must be saturation.

    Iraq must satisfy the needs of social and economic but many resources, whether financial or human negatively affected by war and the siege and the loss of opportunities for growth .oadh that Iraq has become a facing problem to choose among the needs which are in fact represent economic objectives in different sectors at home and abroad.

    The circumstances of evolution and the big problems worked to narrow the choices I greet you find it difficult to identify these choices, and that should satisfy the needs of the shortest time possible because of missed opportunities on the individual and the Iraqi society. This means that the time is considered an important economic variable, and therefore is reduced to a primary goal.

    On this basis, the economy should grow at a rapid pace and the Iraqi depending on Mayati:

    - To be efficiency in the allocation of resources, high production, using the methods of the market in determining that except for projects that carry a social nature, where government plays an important role in this area. Also, the state played an important role in the early stages of growth as a driving force for the development process.

    - That are characterized by savings and investment rates, including a rise of foreign investment and until it is activated it must be realized that the country's high degree of economic and social stability and political.

    - The states that want to enjoy rapid growth must be to have a high flexibility in receiving and conditioning of new technology and cutting-edge.

    These characteristics must be available in order to achieve a time of rapid economic growth, which is faster. These characteristics require the development of an enabling environment in order to proceed, and what the most important characteristic of this environment is to provide economic and political stability. In terms of the economic environment, it is playing by the monetary policy and the central bank an important role on the grounds that his main goal, and the first is to achieve economic stability based on the achievement of price stability and financial stability, which is essential for financial intermediation and creating a stable environment in this area.

    It is clear that the reasons for the failure of the Iraqi economy is its inability to implement projects of national development plans and the predominance of ideological frameworks and the impact on the formulation and implementation of plans. It was one of the most important reasons for the low total production in general, and the conditions of war and the siege was one of the main reasons to be in Iraq's external debt at the beginning of the eighties of the last century and the impact on the future development of the country.

    We have focused the previous administration of the Bank and the Ministry of Finance to address the debt to achieve economic stability. Although the treatment of debt in its character developmentally except that the main objective of this treatment is to relieve the burden on the balance of payments.
    In this area has been an agreement in the Paris Club debt (by Finance Minister Adel Abdul-Mahdi), which paved the way for contract agreements with the International Monetary Fund.

    The Iraqi debt, which was presented to the Paris Club amounted to 120 billion dollars in January of 2004 the club has decided to drop the 80% of them. This is the highest percentage obtained by the city-state middle-income countries such as Iraq. The reduction ratio or high projection this grant for low-income developing countries.

    On the other hand, the stages of cancellation may were in line on the whole with the various programs of the IMF, Valelghae first was 30% at the signing of the Paris Club agreement in November 2004 and the abolition of the second, which reached 30% also was in the January 23, 2005 when an agreement was signed SBA with the Fund. The abolition of the third and final which amounted to 20% has coincided with the Convention to prepare the second with the Fund in November 2008, and so there is a close correlation between the Convention on the International Monetary Fund and the Paris Club agreements, success in the negotiations with the Fund requires to be negotiating very well in the Paris Club.

    With regard to the characteristics of the Fund's programs, which began in September of 2004 and the Convention on the standby credit expired in 2011, they have contributed to the lifting of restrictions on trade and payments as they focused on the stability of the exchange rate did not allow multiple exchange rates. In order to stabilize the exchange rate policy, the key is that the interview take place every demand for foreign currency in the case of insufficient foreign currency reserves, and if were not enough foreign currency, the dinar exchange rate will fall.

    Although the central bank has achieved great success in the stability of the exchange rate which is the main goal, but the rest of the sectors of the economy did not benefit from the stability, provided by the Bank and this product is not a problem for the central bank, but the problem is the susceptibility of investment in the private sector. The banks that received the foreign currency were not active enough in lending. But used the funds in the deposit abroad where adequate security is not available at home.

    The central bank has succeeded in the process of providing foreign currency but the economy as a whole has been unable to invest these positive achievements due to the difficulty of economic decision-making and the reluctance to implement the projects. This delays both in decision-making or implementation led to the obstruction of development, which in turn led to the loss of time for the community and the complexity of the development process and increase their costs and on this we can say that at the time succeeded in the financial sector, the real sector has not received similar success.

    Thus, compared to the relative success in the financial sector, the efficiency in the implementation of projects on the physical level was limited only to the loss of Iraq also resulted from wars and economic blockade, it is added to the instability and security collapses after 2003.

    The time which resulted in lost productivity to be on the low level of the economy in general, the world is adopting new methods of Iraq was not able to keep up. Even after 2003, we lost more than ten years have not been achieved, especially where real development because of political instability. Thus, we passed the time became the cost of reconstruction and development, which is the biggest missed opportunities in the development of many of Iraq.

    When it is clear to us that the time is limited, the productivity and efficiency gains very great importance to achieve our goals of social and economic. You may clear to us that the time available indefinitely, but when compared to the goals we want to attain it, it certainly remains limited. The lag in the implementation of development projects and increases the time that we need, which is contributing to the slowdown in growth rates.

    It is important to accommodate the importance of time, particularly as the previous period has been lost in terms of economic and productivity, and we now need to greater efforts and higher efficiency. At a time when they recorded Japan and Germany, a big jump over the past decade after the Second World War, we see that the past similar for Iraq marked the delay, which will increase the cost of development. As the reason for the delay in growth due to political factors, because of political instability and economic factors due to delayed implementation of investment programs.

    almadapaper.net

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