Archive for February, 2013

2-28-2013: Iraqi Dinar Guru guesses!!!

2-28-2013: Iraqi Dinar Guru guesses!!!

2-28-2013 Newshound Guru Adam Montana [About 1 1/2 years ago with Shabs at the helm, the CBI adjusted the sell rate from 1170 to 1166…why 4 pips and why then? Why not 3 or 5 or 10 and why then?] The CBI at that time said they did it because that was where the value should be… but those of us that were watching closely at the time know that there was a huge resistance to the move. Many said at the time that there was no reason to do it, that it would not make a difference, and quite honestly… like you said, what is the purpose of such a small move? The purpose was, in my opinion, to show the world that they will move the rate however and whenever they want. The 4 pip move served absolutely no purpose other than just that – to prove that the CBI and only the CBI is in charge of the rate. Read more…

“The United Bank for Investment” in Iraq confirms the existence of major money laundering operations

“The United Bank for Investment” in Iraq confirms the existence of major money laundering operations inside

Published 28/02/2013 09:33 AM

BAGHDAD – Naseer Goldfinch *
offers «United Bank to invest in Iraq, notice confirms the existence of major money laundering operations inside, and pointed to statements of the Central Bank of Iraq that there is no money-laundering operations within Iraqi banks.

And announced «Central» in a statement that «the United Bank for Investment officially told him to stop dealing with a number of clients who have extensive Read more…

Central bank sales are rising slightly in the last sessions

Central bank sales are rising slightly in the last sessions

Thursday, February 28, 2013 16:12

BAGHDAD / Baghdadiya News / .. recorded sales of the Iraqi Central Bank, on Thursday, a slight rise about one million dollars to more than $ 101 million, compared to yesterday Wednesday, which recorded about 100 million dollars.
The statement quoted the Information Office of the bank and received / Baghdadiya News / copy of “today’s session saw a rise in sales of the bank for up to Read more…

Iraqi Parliament demanding immediate vote on the budget

Iraqi Parliament demanding immediate vote on the budget

Thursday, February 28, 2013 12:29

BAGHDAD / Baghdadiya News / .. Student member of the Iraqi List MP Ibrahim al-Mutlaq, Thursday, the presidency of the parliament to vote on the budget immediately and deport the problems and differences to the supplementary budget.
Mutlaq said during a press conference held in the parliament building and attended / Baghdadiya News /, that “political differences between the blocs took Read more…

America renewed its commitment to the strategic security agreement with Iraq

America renewed its commitment to the strategic security agreement with Iraq

Thursday, February 28, 2013 15:53

Washington / Baghdadiya News / .. The United States renewed, Thursday, its deep and lasting commitment towards strategic partnership with Iraq under the security framework agreement signed between them.
A statement by U.S. Vice President Joe Biden, who attend the joint meeting between U.S. National Security Adviser Tony Blinken and Iraqi National Security Adviser Faleh al-Fayad in Washington and got Read more…

Soon arrest warrants for suspects in the Russian arms deal

Soon arrest warrants for suspects in the Russian arms deal

02/28/2013 (23:00 pm)

Baghdad: Mohammad Sabah

Revealed the Integrity Commission Parliamentary yesterday that former spokesman Ali al-Dabbagh and adviser in the Presidency Abdul Aziz al-Badri more involved in the issue of the arms deal Russia “corrupt”, and confirmed completion of hearing witness testimony regarding the case is about to issue a decision to prosecute those involved with corruption.
And Iraq and Russia Read more…

The need to take advantage of the expertise of international banks to support the banking sector

Vice Chairman of the Finance Committee: the need to take advantage of the expertise of international banks to support the banking sector

Date: 02/28/2013 07:56:49 Thursday

Baghdad (news) .. praised Vice-Chairman of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Faizullah, Bembagesat central bank with international banks to work in Iraq because it will facilitate the process of foreign currency remittances and develop the banking sector.
Said Faizullah (Agency news): The global banks have sophisticated banking experience When entering the Iraqi environment will support the banking Read more…

Deputy National: political blocs will reach agreement on financial budget disagreements day before approval

Baghdad (news) .. joined by U.S. Vice President Biden to the meeting held by Deputy U.S. National Security Adviser Tony Blinken with Iraq’s national security adviser, Faleh al-Fayad. Read more…

Note to investors: Iraq has its act together

The investment case for the Iraq Stock Exchange (ISX) has never  been stronger. The IMF has reported that the Iraqi economy grew 10.2 per cent  last year and expects growth to accelerate to 14.7 per cent this year. Read more…

Zebari: Iraq would emerge completely from Chapter VII with exception to the technical issues with Kuwait

Foreign Minister Hoshyar Zebari said Iraq would emerge completely from Chapter VII “except paragraphs relating to the Kuwaiti side.” Read more…

Parliamentary Finance: the need to take advantage of the expertise of international banks to support the banking sector

Praised Vice-Chairman of the Finance Committee MP Ahmed Faizullah, Bembagesat central bank with international banks to work in Iraq because it will facilitate the process of foreign currency remittances and develop the banking sector. Read more…

Kuwait reaffirms that it will not harm the interests of Iraq and…

Foreign Minister Hoshyar Zebari, Wednesday, and an agreement with Kuwait not to harm the interests of Iraq, and stressed that the threats militias to neighboring countries “have no place”, Read more…

Parliament: Next Monday session devoted to vote on Budget law of 2013

Baghdad (AIN) –The parliament announced that the next Monday session will devoted to the vote on the Budget law of 2013. Read more…

Global Smartcard in Iraq allows shopping without money

Iraqi company announced global smart card for launching services of the second generation of card holders the “Ki Card” in Iraq, while indicated that they will in the coming months to activate the roaming Read more…

2-27-2013: Iraqi Dinar Guru guesses!!!

2-27-2013 Newshound Guru LoriC I think the Ministry of Finance announcing it’s undergoing some major administrative changes in the coming days is a sign that they are doing whatever it takes to get this done. As far as the budget, it’s completely agreed upon except for some minor differences related to the amounts of oil companies operating in the Kurdistan region. I believe it will be passed very soon a few days to a week at the most. At that point I see no reason for us not to see our RV. Read more…

Auction currency at the Central Bank recorded a slight rise

Auction currency at the Central Bank recorded a slight rise

Wednesday, February 27, 2013 14:20

BAGHDAD / Baghdadiya News / .. record auction sale of foreign currency at the central bank, Wednesday, a slight increase compared to sales meeting yesterday.
Said a statement quoted by the Information Office of the Central Bank and received / Baghdadiya News / copy of “the value of what was sold from the dollar in the auction sale of the Central Bank amounted to” 000,295,100 “dollars, and indicates the value of sales of today’s session slightly higher compared to Read more…

The first Iraqi aircraft landing at the airport in Kuwait after 22 years

The first Iraqi aircraft landing at the airport in Kuwait after 22 years of interruption

27/02/2013

Palm – The Ministry of Transport, on Wednesday, the arrival of the first Iraqi aircraft to Kuwait under the Ministers of Transport and Foreign Iraqis after a break of 22 years. adviser said Transport Minister Karim Nouri told media that “the first Iraqi aircraft arrived, today, to Kuwait after interruption lasted more than 22 years. ” added Nouri that “the plane carrying the Ministers of Read more…

Federal Budget of 2013 to be approved within 3 days, says Araji

Federal Budget of 2013 to be approved within 3 days, says Araji

Wednesday, 27 February 2013 16:40 | | |

Baghdad (AIN) -The parliament Ahrar bloc announced that “The Federal Budget of 2013 will be endorsed within the three days of the next week.”

The head of the Committee, Baha al-Araji said in a statement received by AIN on Wednesday “Unfortunately, the vote on the Federal Budget for this year became political issue rather than being professional where there are sides within the state are Read more…

Large administrative changes conducted at Finance Ministry, says source

Large administrative changes conducted at Finance Ministry, says source

Wednesday, 27 February 2013 16:20 | | |

Baghdad (AIN) -Source at the Iraqi Council of Ministers revealed issuance of decisions to dismiss and move officials within the Ministry of Finance.

The source told All Iraq News Agency “A ministerial order was issued to move, Riyadh Muhsen al-Aani, from the Ministerial Affairs Department to the Expert Commission, another decision was also issued to exempt Read more…

Talabani to return home on 10th, March

Talabani to return home on 10th, March

Wednesday, 27 February 2013 19:18 | | |

Erbil (AIN) -The brother of the Iraqi President, Jalal Talabani, announced that Talabani will return to Iraq on 10th of next march after the remarkable improvement in his health.

Janki Talabani, the President’s brother, stated that “The German medical team that are supervising Talabani’s treatment process has informed them about Read more…