Archive for March, 2014

Informed sources expect: the postponement of the elections and the shift to a caretaker government headed by al-Maliki

Informed sources expect: the postponement of the elections and the shift to a caretaker government headed by al-Maliki

Saturday, March 29th, 2014 11:45

BAGHDAD / Baghdadi News .. despite assurances that it could not postpone the elections, but sources close to the decision confirms that the political facts indicate an intention delaying the dissolution of Parliament and the conversion to a caretaker government of Prime Minister Nuri al-Maliki.
Comes this scenario in a time when political differences crescendo, especially between Read more…

Looking Kurdish official in Washington write off party Talabani and Barzani of terrorism list

Looking Kurdish official in Washington write off party Talabani and Barzani of terrorism list

Saturday, 29 March / March 2014 08:27

[Baghdad – where]

Search foreign relations official in the Kurdistan regional government, Falah Mustafa, who is currently visiting the United States with U.S. Deputy Assistant Secretary of State Bert Makourk bilateral relations and parliamentary elections in Iraq.

A statement by the provincial government received by all of Iraq [where] a copy of “foreign relations official in the government of the region expressed his thanks to Makourk who participated in the Read more…

Parliament will hold its meeting tomorrow and the second reading of the budget laws

Parliament will hold its meeting tomorrow to vote on the rights of the Turkmen and the second reading of the budget laws highlighted agenda

Saturday, 29 March / March 2014 09:07

[Baghdad – where]

House of Representatives held its regular Sunday to vote and reading to several laws, including the law of the financial budget for the current year of 2014.

According to a statement of the Council received by all of Iraq [where] a copy of “the agenda of tomorrow’s meeting includes a vote on a bill to exempt Iraqi and foreign companies Read more…

Iraqi Dinar Guru opinions 3-28-14

Iraqi Dinar Guru opinions 3-28-14

3-28-2014 Newshound Guru Kaperoni Based on all the information (articles, IMF, etc) it is apparent they are going to “raise zeros” by a gradual appreciation (IMF Article IV consultation – which is a float) of the currency and then “delete zeros” which is the implementation of the Law if Indebitness. As for what they say on TV, they usually refer to it either as a “reevaluation” or “reevaluate of the dinar”. Last week we saw someone refer to it as…”the zeros deletion project” and “restructuring the currency.” IMO, all of which support that this is a process rather than a single event. Read more…

Iraqi government should not interfere in CBI’s performance, says international bank

Iraqi government should not interfere in CBI’s performance, says international bank

28 Mar 2014

Baha al-Araji, Iraqi MP from al-Ahrar bloc mentioned that the International Bank has warned the Iraqi government from interfering in the activities or performances of the Central bank of Iraq.
In a press statement, he said, “We warned from the collapse of the economic and financial fields in Iraq due to the interference in the performance of the CBI.”
He also concluded, “The International Bank held a meeting in Read more…

Gold and the Iraqi Dinar Revaluation

Gold and the Iraqi Dinar Revaluation

Posted, March 28th, 2014

By Joseph Cafariello
In a move that surprised economists the world over, the Central Bank of Iraq purchased 36 tons of gold valued at some $1.52 billion this month “to help stabilize the Iraqi dinar against foreign currencies,” the bank explained.
That represents a larger amount of gold than most nations purchased in all of 2013, moving Iraq into 15th place in annual purchases on just that one purchase alone.
But anyone following the recent history of Iraq’s dinar is left scratching Read more…

The escalation of the Iraqi oil income through next April

The escalation of the Iraqi oil income through next April

Posted, March 28th, 2014 19:14

BAGHDAD / translation Baghdadi News / .. Reuters said that Iraq’s income from oil will escalate in April next supported Baltkhvziat conducted on Basra Light crude, which began since February of last year, in addition to increasing export shipments to Asia.
The month of February has seen a new record for Iraq to export oil amounted to Read more…

Secret agreement between Erbil and Ankara: Oil for independence

Secret agreement between Erbil and Ankara: Oil for independence

Posted, 28/03/2014 19:27

Agencies – informed sources revealed the signing of the Prime Minister of the Kurdistan Barzani during his recent visit to Turkey on a secret agreement include support for the efforts of the Government of Ankara Kurdish secession from Iraq in return for the region that provides oil and all its derivatives to the world through Read more…

Legal expert is likely to approve the general budget beginning next April

Legal expert is likely to approve the general budget beginning next April

28/03/2014 13:23

Follow-up – and babysit – noted legal expert Tareq Harb, said the amount of oil agreed with Kurdistan and b of (100) thousand barrels less than the amount of production, likely to vote on the budget bill with the beginning of the month of April next.
He said the war in a statement singled out by the (public opinion), that “the amount of oil agreed with Kurdistan and of b (100) thousand barrels less than the amount of production of up to 400 thousand barrels and thus was Read more…

Iraqi Dinar Guru opinions 3-27-14

Iraqi Dinar Guru opinions 3-27-14

3-27-2014 Newshound Guru Adam Montana [How does Iraq keep buying high dollar goods without a money value other than a program rate…Seems to me that using the dinar and program rate suits them just fine as long as they can buy what they need…So what’s their incentive to RV?] The current rate is allowing them to maintain stability, and it is working – thanks to the CBI’s ability to maintain control. This same ability to maintain control is what gives me confidence that they will be successful in raising the rate when they choose to do so. Their incentives to RV are more than I can possibly put into writing at this time… Read more…

Iraqi Dinar/Dollar auction results 3-27-2014

Iraqi Dinar/Dollar auction results 3-27-2014

Currency auction results Announcement No. (2636)

Was the opening of bids for the Commission on the sale and purchase dollar daily six hundred and thirty-six after two thousand to buy and sell foreign currency at the Central Bank of Iraq for the day on Thursday 03/27/2014 The results were as follows: Read more…

Looming parliamentary investigation with the Central Bank, vast difference in the exchange rate of the currency

Finance looming parliamentary investigation with the Central Bank of the vast difference in the exchange rate of the currency

3.27.2014 twelve thirty-nine

{Baghdad: Euphrates News} A member of the parliamentary Finance Committee Hassan al-Bayati, that the continuation of the vast difference in the currency exchange rate between the central bank and private banks or banking companies for more than a year is considered corrupt and makes bank officials under penalty of law, pointing out that there might be an investigation into the Read more…

Parliamentary economy bear the responsibility of the Central Bank of the fluctuation of the Iraqi dinar

Parliamentary economy bear the responsibility of the Central Bank of the fluctuation of the Iraqi dinar

3.27.2014 1:38 p.m.

{Baghdad: Euphrates News} carried committee of economy and investment parliamentary responsibility of the Central Bank of the fluctuation of the price of the Iraqi dinar against other currencies.
A member of the Economic Commission Amer winner told the News} {Euphrates on Thursday that the “wiggle political Central Bank weighed heavily on the currency in Iraq,” noting that “the bank is responsible exclusively on Read more…

Kurdish lawmaker is expected to postpone elections

Kurdish lawmaker is expected to postpone elections

Thursday, March 27th, 2014 12:01

BAGHDAD / Baghdadi News .. Vice expected in the Kurdistan Alliance crisis situations that lead to the postponement of the elections.
Qassim Mohammed said Mchkta told / Baghdadi News / “is expected to postpone the elections because of the crisis, which provoked Prime Minister Nuri al-Maliki, with most of the political parties,” adding that “the Commission’s decision to resign will reflect negatively on Read more…

International Monetary reveals a province of Iraq on the stability of its economy

International Monetary reveals a province of Iraq on the stability of its economy, despite the decline in oil prices and the budget deficit

27.03.2014 (0:01 pm)

 Baghdad / term-Presse

IMF announced, on Wednesday that Iraq has maintained its economic stability despite the drop in oil prices during the year 2013, and pointed out that the inflation rate dropped to 3.1%, and as he emphasized that the security situation has caused a deficit in the budget by about 6%, expected increase in economic activity during the year Current.
said head of the IMF mission in Iraq Read more…

Karbala declares bankruptcy and the suspension of projects for the delay in approving the budget of the Federal

Karbala declares bankruptcy and the suspension of projects for the delay in approving the budget of the Federal

Thursday, 27 March / March 2014 15:05

[Karbala – where]

Karbala governor Akil revealed Turaihi for bankruptcy treasury of local government in the province, due to the delay in approving the budget in general the country, calling on the House of Representatives to stop a national push to maintain imminent harm. ”

Turaihi said to the reporter by all of Iraq [where] on Thursday that “conservative treasury became almost completely empty, which ensue Read more…

The World Bank warned the Iraqi government from interfering in the work of the Central Bank

Araji: The World Bank warned the Iraqi government from interfering in the work of the Central Bank

Thursday, 27 March / March 2014 12:10

[Baghdad where]

The MP said the Liberal bloc Bahaa al-Araji said that “the World Bank warned the Iraqi government from interfering in the work of the Central Bank and called for government intervention to stop the work of the central bank.

Araji said in a statement received by all of Iraq [where] a copy of it today, “We had already warned of the deterioration of the economic situation and the country’s financial policies because of the failure to Read more…

Kurds deny the presence of two deputies Ktlthma parliament session to discuss the budget

Kurds deny the presence of two deputies Ktlthma parliament session to discuss the budget

Thursday, 27 March / March 2014 16:02

[Baghdad – where]

Denied two deputies from the Kurdistan Alliance news Ktlthma attend the parliamentary session at the Parliament on Sunday to discuss the draft law on the budget for fiscal 2014.

It is scheduled to hold the House of Representatives on Sunday its regular agenda includes the second reading of the budget.

The Alliance MP Mahmoud Othman told all of Iraq [where] there was “no truth to the news of our presence in Sunday’s session was not Read more…

Presidency of the parliament budget included in the agenda of the session next Sunday

Presidency of the parliament budget included in the agenda of the session next Sunday

27/03/2014 14:19

Agencies – decided Presidency of the Council of Representatives, on Thursday, the inclusion of the budget formally on the agenda of the parliament session which will be held next Sunday, in order to accomplish its second reading. Read more…

Lack Of Gold Rally On Iraq Purchase News ‘Horrible’ Sign – Analysts

Lack Of Gold Rally On Iraq Purchase News ‘Horrible’ Sign – Analysts

3/26/2014

(Kitco News) – News reports that Iraq bought $1.56 billion of gold this month offered limited support to prices Tuesday, analysts said.

Bloomberg News first reported Iraq purchased 36 metric tons of gold in March, the largest purchase by a nation in three years. According to the story, the Central Bank of Iraq bought gold to support the Iraqi dinar against foreign currencies. The International Monetary Fund’s website said as of August, Read more…