"Baghdad Bob's" Daily Report Friday November 9th, 2012
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  1. #1

    Post "Baghdad Bob's" Daily Report Friday November 9th, 2012

    Committee in charge of the Central Bank calls not to politicize the issue and keep it away from categorical

    FRIDAY, 09 NOVEMBER 2 / NOVEMBER 2012 10:22

    Twilight News / Committee invited the charge by the National Alliance to monitor the issue of the Central Bank, not to politicize the issue and subject to categorical tugging.

    The political body of the Iraqi National Alliance held its periodic meeting, headed by Ibrahim al-Jaafari in the presence of all components of the alliance on Thursday evening

    According to a statement issued by the coalition received "Twilight News" copy of it that the meeting discussed some important laws, and deferred in the Iraqi Council of Representatives, and the need for legislation in the coming period. "
    The statement added that "the National Alliance stressed the need to view the budget bill for next year in the House of Representatives for discussion and approval in a timely manner, and to prevent delay the general interests of the country."
    The statement continued that "balance national committee emanating from the National Alliance reviewed the most important findings in this regard, Alliance unanimously confirmed the importance of the national balance, and the distribution of rights to all the political blocs according to entitlements."
    The statement pointed out that "the political body listened to the report of the Committee in charge of following up the issue of the Central Bank, highlighted the findings, and the National Alliance stressed the need to take the issue of the Central Bank of its legal, and specialist away from politicization, and tugging categorical." let's go with the facts here, and leave all the normal political bull out of it !
    And sacked Central Bank Governor Sinan al-Shabibi, on charges of corruption, which is the main challenge facing the government after busy over the past years in the security file.
    The central bank held daily sessions of currency auction except Fridays and public holidays, and the participation of a group of Iraqi banks, within which the sale and purchase of foreign currency, and the central bank process currency converter sold abroad, for some companies and citizens for a commission certain.
    The Central Bank of Iraq group of specialized committees to combat money laundering, and money, crime and the financing of terrorism, and it was the anti-money laundering law the 2004 Iraqi situation due process of regulatory institutions, especially banking.




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  2. #2
    Iraq needs a thousand billion dollars for reconstruction
    07:51:09 / 11/2012


    Khandan - The Chairman of the National Investment in Iraq Sami Aeraja, that Iraq needs a thousand billion dollars in the next ten years to finance the reconstruction of infrastructure and move the economy.

    He Sami Aeraja in an interview with Agence France-Presse that "to finance the reconstruction of Iraq, we will need to between 600 billion to $ 700 billion, at least, but this amount could rise to within a thousand billion dollars until 2022." somebody let me know how much Dinar that is

    The Iraqi official saw that a large portion of this amount may come of oil Aadidat (the first source of revenue in the country), as well as Iraqi and foreign investment.

    The Aeraja also stressed that "we expect to increase sales of oil and strong improvement in the climate of (business) appropriate to attract investments."

    He also said, "In the end, will be (foreign investment) much higher both in size and in percentage."

    Iraq relies heavily on oil exports to finance its budget, and the energy sector represents two-thirds of the gross domestic product of the country.


  3. #3
    Parliament raises the budget 2013 for the first reading next meeting


    BAGHDAD / Bri Center for the Iraqi Media Network - confirmed the Knesset Finance Committee, Thursday, that the draft federal budget will be put to a first reading next meeting, indicating that an emergency meeting held today and agreed to put the project for the first reading.
    A member of the Committee Secretary Hadi's (Center Brief for the Iraqi Media Network) that "the Finance Committee held today held an emergency meeting to discuss the federal budget for 2013 that relate to today," noting that "the Committee informed on the details of the budget and I change whatever it through increased investment budget to 40 %. "
    He added that "the budget will be for the first reading at the next meeting to take legal way in the legislation through the second reading and open discussion within the Council."
    The Council of Ministers decided at its forty-sixth regular on 23 October 2012, approved a draft law the federal budget for 2013 of $ (138) trillion dinars, an increase of 18% from last year.
    According to the project that the total federal income amounted to (119.3) trillion dinars were the result of calculating the revenues from export of crude oil at an average price (90) dollars per barrel and export capacity of up to (2.9) million barrels per day, including the quantity produced and exported from the Kurdistan region of the ( 250) thousand barrels per day.
    The amount of the investment budget (55) trillion dinars and the operating budget (83) trillion dinars distributed to institutions, ministries and all state bodies where public expenditure will be distributed according to population ratios after excluding allocations of the federal ministry center and sovereign expenditure.

  4. #4
    Deputy for the rule of law: the mandates of the three presidencies included in the constitutional amendments is not prescribed by law

    FRIDAY, 09 NOVEMBER 2 / NOVEMBER 2012 09:14

    Twilight News / counting MP for the coalition of state law Mohammed Chihod, Friday, law requires mandatory legislation mandates of the three presidencies "in violation of the Constitution," noting that this matter should be included in the constitutional amendments.

    And The Alziod said in an interview for "Twilight News" that "all parliamentary systems in countries around the world define the mandates of the President of the Republic is not considering that the Prime Minister this matter Metruc the people who select it."

    He added that "the Iraqi constitution select the Presidency of the Republic was determined by the prime minister," noting that "can not legislate law to determine the prime minister to its intersection with the Constitution."
    And continued Chihod that "identifying the prime minister needs to be a constitutional amendment, and can be included in the points at issue in the Constitution."
    The Legal Committee of the House of Representatives has announced, the first on Wednesday, for the consent of a majority of its members on the legislation law to determine the states of the three presidencies.
    The head of the Liberal bloc in Parliament were part of the National Alliance Bahaa al-Araji, has announced, in the month of Tmosalmadi of this year, with a number of independent deputies from providing mass proposed law requires mandatory three presidencies states only two sessions, revealing the signing of 100 deputy on this proposal.
    The citizen's parliamentary bloc announced that represent current Mihrab Martyr, in the middle of the month of July, for the support of all the blocks that fall in the National Alliance of the proposed law defining the mandates of the three presidencies two sessions with the exception of State of Law bloc, usually proposed to prevent a recurrence of the dictatorship of the former regime.
    The cleric Moqtada al-Sadr has called on more than one occasion to conduct a constitutional amendment includes determining the duration of the three presidencies two terms.
    Article (72) of the Constitution first define the mandate of President four years, and may be re-elected for a second term only, Second: Ending the mandate of the President of the Republic the end of the session of the House of Representatives, "while the Constitution did not provide for the mandate of the Prime Minister, and the President of the House of Representatives.
    Political observers believe that the mandate of Prime Minister will end the current political crisis, and prevented from exclusivity and the marginalization of the other governance especially that Iraq where sectarian Tadidh and national and religious.





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  5. #5
    Senior Member newmonies's Avatar
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    Attorney-Mutlaq holds state law, the continuing differences in the political process
    Friday, 09 November 2 / November 2012 11:51


    {Baghdad: Euphrates News} MP for the Iraqi List, Hamid al-Mutlaq coalition of state law the continuing differences in the political process.
    Mutlaq said told {Euphrates News} on Friday that "nothing in the horizon any signs of solving problems under this government and this political trends involving the same sectarian and sectarian and party and nationally," adding, "If the intention to solve these problems for it since it was announced for a government of national partnership agreement between the political blocs. "
    He pointed to the "lack of good faith and a genuine desire to solve these problems that occur in the political process, but the insistence on the survival of this situation."
    He Mutlaq said that "all political blocs are responsible for the differences that occur in the political process and giving bad at the level of the government and the agencies and the political process," stressing that "bears the bulk of these differences is a coalition of state law and the government as well."
    And suffer the political process in Iraq of a deepening crisis due to the lack of political consensus and the lack of solutions to many of the outstanding issues between the political parties which led to the suspension of the work of the government and the Iraqi Council of Representatives and disable approve some important laws.


    [HE IS SAYING THE SLC IS THE MAIN PROBLEM... THEY ARE NOT WILLING TO GIVE AN INCH... THEY ARE THE REASON LAWS CANNOT BE PASSED IN PARLIAMENT... THEY ARE KNOWN FOR GETTING UP AND WALKING OUT... THEY ARE LIKE A BUNCH OF SPOILED BRATS... ITS THEIR WAY OR NO WAY... I GUESS WHAT CAN YOU SAY... THEY ARE MALIKI's KIDZ...]

    http://www.alforatnews.com/index.php...5-25&Itemid=54
    "Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"

  6. #6
    Senior Member newmonies's Avatar
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    Jaafari chair a meeting of the National Alliance political
    2012-11-09 06:36:41

    BAGHDAD (Iba) ... Held the political body of the National Alliance yesterday evening regular meeting chaired by Prime Alliance Ibrahim al-Jaafari.

    A statement by Jaafari's office received the independent press (Iba) a copy of it has been discussing some important laws, and deferred in the Iraqi Council of Representatives, and the need for legislation in the coming period ..

    The participants stressed the need to view the budget bill for next year in the House of Representatives for discussion and approval in a timely manner, and to prevent delay the general interests of the country ..

    The statement added at the review meeting of the National Committee balance emanating from the National Alliance, the most important findings in this regard, Alliance unanimously confirmed the importance of the national balance, and the distribution of rights to all the political blocs according entitlements ..

    As I listened political body to the report of the committee in charge to monitor the issue of the Central Bank, highlighted the findings, and the National Alliance stressed the need to take the issue of the Central Bank of its legal, and specialist away from politicization, and tugging categorical.


    http://www.ipairaq.com/index.php?nam...itics&id=63086
    "Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"

  7. #7





    09 NOVEMBER 2012 - 12H20

    Ex-Iraq bank chief says govt wants reserves
    An Iraqi inspects a 25,000-dinar banknote in Baghdad. The ex-chief of Iraq's central bank has dismissed charges against him as baseless in an interview with AFP and said authorities had compromised the bank's independence to access its reserves.

    The ex-chief of Iraq's central bank has dismissed charges against him as baseless in an interview with AFP. Sinan al-Shabibi, seen here in 2004, said Iraqi authorities had compromised the bank's independence to access its reserves.


    AFP - The ex-chief of Iraq's central bank has dismissed charges against him as baseless in an interview with AFP and said authorities had compromised the bank's independence to access its reserves.
    Sinan al-Shabibi said the government had been "spoiled" by a stable exchange rate for several years, and a warrant for his arrest for suspected mismanagement of the Central Bank of Iraq and currency manipulation had blown relatively minor foreign exchange fluctuations out of proportion.
    Shabibi's remarks come weeks after he was replaced as governor while overseas and warrants were issued for his arrest and those of other bank officials in what diplomats and analysts have interpreted as a power grab by Prime Minister Nuri al-Maliki. The premier's office has insisted it was not behind the moves.
    "Since 2009, they wanted to fire me, and they wanted money from the reserves," Shabibi said in a telephone interview from Geneva.
    "I think the main problem... is basically the reserves, because they thought we have a lot of reserves, and they want to use it for financing."
    He added: "The government wanted some money from the central bank... Of course, the law does not allow that, the central bank law.
    "And of course, they say that there are differences in exchange rate policy. I don't think these differences require firing the central bank governor."
    Asked if the warrants for him and other officials affected the bank's independence, Shabibi replied: "I'm sure, yes."
    He declined to name any government official directly, but said: "They always have been talking about the fact that they should supervise the monetary policy, they should actually decide on many, many, many components of that policy, all these things."
    The 70-year-old economist, who worked for two decades at the UN trade and investment body UNCTAD and had been central bank governor since 2003, has been described by analysts as a capable technocrat who fought to maintain the bank's independence.
    But Iraq's cabinet decided last month to replace him with Abdelbassit Turki, the head of the Board of Supreme Audit, on an interim basis, after a parliamentary inquiry accused him and other bank officials of currency mismanagement.
    Shabibi said he intended to return to Iraq to fight the charges, but would only do so if the arrest warrant was lifted. He noted that the government could not fire him, a power which by law rests with parliament.
    He also dismissed the charges of currency manipulation or mismanagement as trumped up, comparing relatively minor fluctuations in the value of the Iraqi dinar to greater changes to the values of the US dollar or the euro.
    "I told them (the government) the central bank was not the reason for this fluctuation, that it is part of the range," he said. "Eventually we succeeded in stabilising the exchange rate, only two or three percent difference.
    "I told them, look, go to Europe now and see the difference."
    He continued: "They were spoiled by the stability of the exchange rate (in recent years), and they used this against the central bank. They did not find any other faults, any problems. They said this is the problem, and they branded that as a failure of the central bank."
    Shabibi said he did not know how long the proceedings against him would go on, saying only: "Let us wait and see."
    Iraq's currency has been largely stable against the dollar for the past few years at around 1,200 dinars.
    Along with the accusations over the fluctuation in the value of the dinar, concerns have been raised that currency auctions organised by the central bank have been used by neighbouring Iran and Syria to shore up foreign currency reserves, allegations the central bank has denied.
    It nevertheless tightened its rules on the purchase of dollars earlier this year, requiring banks to provide the identity of individuals or organisations buying them, as well as other information.
    http://www.france24.com/en/20121109-ex-iraq-bank-chief-says-govt-wants-reserves


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