Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

patriotic party girl

  • Posts

  • Joined

  • Last visited

About patriotic party girl

  • Birthday August 9

Profile Information

  • Gender
  • Location

patriotic party girl's Achievements


Newbie (1/14)



  1. Friday, 28 June 2013 15:22 altShafaq News / A report issued by the International Center for Development Studies headquartered in the British capital London , confirmed on Friday that Iraq, in which its budget reached to nearly 119 billion $ for this year does not have but what it is converts by the International Monetary Fund from the selling oil revenues in the Development Fund for Iraq. “The Iraqi economy has been suffering since a period from sharp fluctuations in the exchange rate of dinar that clearly reflected on the economic situation of the Iraqi citizen,” The report, briefed by “Shafaq News” said. The report attributed this to the money laundering operations as well as financial and administrative corruption in the Iraqi state, which led to Iraq’s loss of nearly three billion dollars in just two months in 2012. The Central Bank of Iraq (CBI) announced in August of last year that its hard currency reserves amounted to 67 billion $ while the Iraqi government announced that the preventive funds in the Development Fund for Iraq amounted to 18 billion$. CBI’s reserves of gold has fallen by 20%, in less than a year from nearly 39 tons in 2011 to 31 tons in 2012, while some accuse the current Presidency of the central bank of being responsible for the disappearance of ten tons of gold reserves, Iraq needs to these reserves to enhance the value of the Iraqi dinar funds in money markets abroad. International Center for Development Studies pointed out that some powerful parties in the Iraqi government are seeking to take advantage of the surplus oil revenues to exploit the reserves built by Iraq during the past ten years to maximize their assets abroad. The decline in CBI’s reserve is considered a serious matter for the Iraqi economy because it depends on cash revenues from oil sales which means that Iraq's lack of flexibility margin to cope with fluctuations in international oil prices and maintain the required economic balance Friday, 28 June 2013 15:22
  2. Economic and Investment Committee and representative for reconstruction for finalizing the draft law infrastructure and service sectors but it excluded the Bill during the current legislative term because of political differences and the presence of other more important laws to Parliament Square,. According to the decision of the Commission Attorney Khalil told mohama for features & Centre for the Iraqi media network ", that" the priority today is not the law of the infrastructure, there is a more important laws require political consensus ". Khalil said: "the adoption of this law requires appropriate atmosphere and tranquillity and consensuses within the Chamber of Deputies and then the Parliament can decide on this issue." Khalil said that "as a result of paralysis in Parliament and legislation to avoid a political crisis, this law has disrupted many other laws," he said, adding that "there was a desire by Parliament through his meetings with the relevant committees and political blocs in order to pass this law by nearly a month, but due to the circumstances in the country, the adoption of such laws may malfunction." but he noted "there are a lot of constraints, and that the law in the process of finishing touches, but may not include On the agenda of the political blocs is not interested in him, "he said. And the House Guest at the end of last year, Prime Minister Nuri al-Maliki and a number of Ministers and officials to discuss infrastructure Act, Al-Maliki stressed the importance of law in infrastructure development through the payment term, especially since many States resorting to this issue when financial resources are unable to fulfil the requirements of development, indicating that Iraq needs 400 to 600 billion US dollars for the reconstruction of Iraq, while available to invest 250 billion dollars, noting that the implementation of many projects with an appropriate period of time, particularly The continuing global economic crisis could contribute to implementation of the reconstruction and the construction companies in several States of the relieves unemployment rates and contribute to job creation. ", Committee member Amer Al-Fayez Deputy through a permit for" features & status of the Iraqi media network "infrastructure Bill. Fayez said: "if she be clear current Nebula Iraq resolved the political crisis it is possible to see the light." the political blocs failed to reach an agreement to pass the law and infrastructure was split on it, while the Kurdistan Alliance demanded a vote on the draft law on infrastructure, compared to allocate 17 percent of of the Kurdistan region, the other demands of the blocks as some "prohibitive". Fayez said: "this law just like any other laws which it unfortunately that political differences political blocs often don't consider the national interest and not look to the future of the country as they look to political conflicts among themselves to political differences for the purpose of blackmailing the other account and block certain demands and the law as the rest of the laws for such labour". He is a member of the Committee: "The law read a first reading, but still at the mercy of political consensus and the mood of political blocs, law-based problems solved simple and based on political consensus and are not technical problems as they are arguments for blocking the law because political differences, so it stays Iraq suffers and people is a victim of political conflict between the blocks. The Member Services and ages Ihsan Al-Awadi said that there is no movement on the infrastructure, "he said, adding that the law was deleted from the agenda of the House of representatives more than once because of the political differences between the blocks around this law." said aloudai features & Centre for the Iraqi media network: hexagonal Committee has been set up to resolve the issue of the competent parliamentary committees, two Committee on economy and two Finance Committee and two of the Services Committee micropayment Committee did not arrive A draft standard will satisfy all parties and proceed with this legislation.
  3. THANKS, The only thing i can come up with are some people or just stupid with nothing better to do.
  4. Baghdad-and street- Economic Committee Deputy member Abd al-Husayn abtan, Iraq's economy is good and great strides to join the World Trade Organization, pointing out that Iraq possesses a high percentage of oil and result in large amounts due to the State budget, making its economy. Abtan said in a press statement that "the possession of Iraq's oil wealth and high earnings and privileged geographical location Iraq and beautiful tourist areas make it economically distinct from the rest of the country, saying: Iraq's economy is eligible to join the World Trade Organization." "The countries of Iraq would have a very big impact on the world economy and that's what sets it apart from the rest of the countries: countries of the world can never dispense with Iraq and an actor". Noting that it is in the interest of the world that Iraq is within the WTO and in the interest of Iraqis to go to the link to the world is who does the national economy and global experiences earnings ...P/I .
  5. NEW YORK/SINGAPORE: Iraq made its first major move in years to boost its gold reserves in recent months, joining central banks from emerging market economies such as Brazil and Russia in diversifying its foreign reserves. Central bank purchases have been one of the biggest drivers of gold's rally since 2010 - a year which saw central banks turning net buyers of the precious metal for the first time in two decades amid growing doubts about the stability of the dollar as the world's top reserve currency. Over the course of three months between August and October this year, Iraq's gold holdings quadrupled to 31.07 tonnes, the International Monetary Fund's monthly statistics report showed on Thursday. In the first change in its reserve in years, the country added some 23.9 tonnes in August, bringing the total to 29.7 tonnes. That was followed by a 2.3-tonne rise in September to 32.09 tonnes and then by a cut of 1.02 tonnes in October to 31.07 tonnes. There was no data for November. "It was interesting that Iraq bought gold," a Sydney-based trader said on Friday. "Gold bulls will cheer the news as more central bank buying will support gold prices in the future, but the market currently is a little distracted by other things, namely the U.S. 'fiscal cliff' talks." Spot gold prices are set for their twelfth straight year of gains in 2012. Over this period gold gained the most, around 30 percent, in 2007 and 2010. But right now gold is facing pressure from end-of-the-year fund liquidation and the uncertainty hanging over U.S. talks to avert the "fiscal cliff" of tax hikes and spending cuts that would kick in early next year and threatens to tip the economy back into recession. Among other central banks, Brazil increased its gold holdings for a third straight month in November, raising its reserves by almost a third to 67.199 tonnes. Russia, added 2.86 tonnes to raise its gold reserves to 937.82 tonnes, the eighth highest gold holdings in the world. The United States, the top gold holder, has more than 8,100 tonnes of the precious metal in its reserves, data from the World Gold Council (WGC) showed. South Korea's central bank bought 14 tonnes of gold in November, lifting the country's gold holdings to 84.4 tonnes. Official sector's gold buying in the first three quarters of the year at 351.8 tonnes already exceeds the total for 2011, the WGC said. But some countries trimmed their gold holdings, including Turkey, Sri Lanka, Mexico and Mongolia. For a table on changes in central banks' gold holdings see: Read more:'> (The Daily Star :: Lebanon News ::
  6. Iraqis view the case of the central bank as a part of the political conflict. Sinan al-Shabibi, the former governor of Iraq?s Central Bank ? the highest monetary authority in the country ? was not the only banker who made it onto the wanted list in Baghdad. Hussein al-Uzri, the former head of the state-owned Trade Bank, preceded Shabibi. Both bankers are, maybe by complete happenstance, friends with the prominent banker and politician Ahmed Chalabi, who went from being one of Iraqi Prime Minister Nouri al-Maliki?s supporters to one of his opponents. Perhaps it is also a coincidence that he happened to take on substantial roles in the process of redeveloping the Iraqi economy that was launched by Paul Bremer, governor of Iraq after 2003. Shabibi assumed the position of Iraq?s Central Bank Administrator and thus was responsible for exchange rates and exchange reserves, while Uzri became head of the Trade Bank of Iraq, which regulates Iraq?s international trade and funds reconstruction operations. The prime minister?s rivals in Baghdad have noted that Maliki, for nearly a year now, has been carrying out a plan to grab hold of power in this country in which political divisions escalate proportionally with an increase in fuel production. Maliki is accused of launching a campaign to monopolize power, following the complete withdrawal of US military troops. In that sense, Maliki discharged Uzri in the middle of last year, after accusing the latter of being involved in corruption. This is the same charge upon which Shabibi?s arrest warrants were issued a month ago. The latest accusation facing Maliki concerns his attempt to use his power to influence Iraq?s central bank. This interference is prohibited by lists that were set by Bremer back in 2004. The central bank is viewed as a model for how the US wants modern Iraq to be, and a symbol of transparency in a country that was plagued with corruption during the era of the late President Saddam Hussein. In 2004, Bremer drafted a special law for the central bank, which granted the bank a large degree of independence from government policies. The bank was in charge of exchange rates, amidst a general economic scene that had been characterized by oscillations for many years, as a result of economic sanctions imposed on Saddam Hussein?s regime. Since then, the central bank decided to intervene directly with exchange rates and thus a committee was formed to hold auctions three times per week to sell the foreign currency for a fixed price. Hence, the bank succeeded in stabilizing and preserving the required rate, even though it was losing $1 million weekly from exchange reserves. It was not long before the central bank went ahead with increasing the value of the Iraqi dinar by 20% relative to the US dollar. It went from a rate of 1500 Iraqi dinar per one dollar at the end of 2003, to a rate of 1200 per one dollar at the end of 2004. However, the international sanctions imposed on Iran because of its nuclear program, and on Syria following the suppression of protests, have pushed the Iraqi Central Bank into the spotlight. The unofficial version of the story is that the US asked Shabibi to tighten the procedures for currency selling within the local market, in order to prohibit money transfers to Iran and Syria, which were both under sanctions. When the central bank complied with the suggestion, the Iraqi government was outraged. In April of last year, the central bank adopted a series of measures to rein in what was said to be smuggling operations aiming at providing Iranian and Syrian banks with foreign currencies from Iraq. These measures included decreasing the sale of US dollars from about $1 million per week to $300,000 at most. This had a direct impact on the exchange rate of the Iraqi dinar, which decreased in value by about 5% against the US dollar. Prominent politicians in Baghdad noted that these measures ? which, on a general level, were aimed at preserving the exchange rate and, on a deeper level, to tighten the grip on Syria and Iran ? angered Maliki. This incited him to interfere ? as he has done before ? by appointing one of his close acquaintances as head of the Trade Bank. As a result, the cabinet authorized Abdel Baset Turki, the head of the Board of Supreme Audit, to run the central bank temporarily. Informed sources in Baghdad hinted that Shabibi was replaced as a result of a deal concluded between Maliki and the head of parliament, Osama al-Najafi. The sources stated that Najafi, who strongly objected to Maliki?s attempt to take over the central bank, agreed on discharging Shabibi after making sure that the prime minister would assign a Sunni, Abdel Baset Turki, as his replacement, even though the latter is a potential ally of Maliki. The committee formed by the head of parliament to investigate the accusations of alleged financial impropriety against Shabibi disclosed that more than a billion dollars were sold during the bank?s auction without tracing the sources of the money. However, sources close to Maliki confirmed that the prime minister?s anger is related to Shabibi?s failure to hand over legal documents related to the selling procedures of about $220 billion in the auction. Some of these sources claim that certain bank documents were counterfeited in an unprofessional way, yet ? despite that ? have eluded auditing. This is a fact that was later revealed by the parliamentary committee. It is still unclear whether or not international parties will intervene to investigate the central bank case. While a member of the parliamentary financial committee announced last week that a delegation from the United Nations had arrived in Iraq to investigate this case, the UN Mission in Baghdad and the ministry of foreign affairs have both denied the claim. Many Iraqis view the case of the central bank as a part of the political conflict in Iraq, and feel that the investigations will not lead to anything. The many problems deterring economic growth in Iraq ? such as the case of the central bank and the fuel and gas law, among others ? will not be solved if consensual political agreements are not reached. Yet, the attempts to change the rules of the political game ? set by the US after its military withdrawal ? require, according to many Iraqis, a reconsideration on the part of Washington.
  7. news/excluded the Parliamentary Committee on the economy and investment, Sunday, to witness the new year the birth of new Iraqi currency, three zeros deleted, noting that the Central Bank of Iraq had to be equal the value of one dinar to the dollar. The Rapporteur of the Committee, said in an interview for mohama Khalil "twilight news" that "the new year will see the restructuring of the Iraqi currency, delete the three zeros, and therefore will not witness the birth of a new Iraqi currency because of the refusal of the Government to this project", stating that "the Government considers that this is not a priority." He added that "the Commission on economy and investment has supported this project with the Central Bank Governor that purely economic and intended to maintain Iraqi currency from counterfeiting, corruption and fraud". Khalil said that "there were States with successful experiences in this field and restructuring its currency and has deleted some zeros, and we seek to follow suit." Khalil said that "under article 46 of the law on the Central Bank of its powers to issue new currency or new categories and preserve the value of the Iraqi dinar against other currencies". Khalil said that "it was up to the Bank of the move is that the Iraqi dinar is equal with one US dollar after deleting zeros and the promoters of bogus currencies, as well as the new currency was not easily perishable." The Central Bank of Iraq began consideration of an amendment last year dinar, categories, and is still a significant part of the payments are in cash as a result of the underdeveloped banking system. The Cabinet decided, in mid-April last year, wait in the application project delete zeros from the currency. Finance Committee revealed in the House of representatives, last month to defer the deletion of zeros from the Iraqi currency intended for Central Bank launched to 2014.
  8. Launched Friday businessman Baghdad Economic Forum and the first banking with broad participation from many departments of the Iraqi private banks and Arabic as well as senior Iraqi economic figures. The forum aims to promote the opening of Arab markets to trade and investment and access to investment opportunities and identify the requirements of the banking industry and the priorities and challenges facing the financial and business sector in Iraq. In his speech during the forum announced and central bank governor Abdul Basit Turki agency that economic administration in Iraq is heading towards a market economy system, calling to stimulate the private sector and not to rely on the central bank and make it the main source of foreign currency. Turki said the central bank began activating its regulatory tools in order to combat money laundering coming from abroad, including money coming from the Kurdistan region of Iraq crossings. For his part, Secretary General of the Union of Arab Banks and the International Union of Arab Bankers and Sam Hassan Fattouh said the Iraqi banking sector is still dependent on funding from the public sector, calling for a greater role for the banking sector to contribute to the increase of gross domestic product. So stressed First Deputy Speaker of Parliament Qusay al-Suhail that the recent measures of the Central Bank of Iraq "is not deduced from the Government the private banking sector," noting that it "came to develop this sector, especially after reports from the World Bank indicate that the sector has become negative because of its reliance old banking methods. " The forum held economic and banking for the first time in Baghdad and over two days looking through the mechanisms to develop the Iraqi banking sector and open new horizons for investment, as well as anti-bleaching and money laundering and drying up the sources of terrorism.|en&hl=en&ie=UTF8
  9. Increased reserves of the Central Bank of Iraq in hard currency to $ 67 billion, after it was 63 billion last year. This is the reserves are the largest in the history of Iraq. The chancellor confirms the Ministry of Finance Hilal Taan scathing in his Free Iraq that these amounts are at the disposal of the Iraqi Central Bank circulated in foreign investment without currency manipulation, otherwise the Iraqi dinar exchange rate may fall apart. On the other hand Taan denied that the U.S. central bank no authority to act in this reserve and that what is at his disposal is $ 18 billion of Iraqi oil revenues, according to the provisions of Chapter VII of the UN Charter. To financial expert Majid said that the picture of Iraq's currency reserves increase would increase global confidence in Iraqi currency and enhance the status of the Iraqi economy among developing economies. The currency reserves have risen the end of 2011 to 58 billion dollars at the end of 2012 rose to $ 60 billion.|en&hl=en&ie=UTF8
  11. Thanks i have stopped comming here for awhile now just check in now and then but hearing this from u makes me feel good again thanks so much for your intel rumor or not .
  12. Commercial Bank: Issuing 333 adopt the values ​​exceeded $ 3.5 million during the first quarter {Baghdad} confirmed the Euphrates News Agency General Director, Chairman of Bank of Iraq Hamdiya dry that the activities of Trade Bank of Iraq had been formed for the first quarter of this year, a significant shift in the overall context of the work of the bank. 9. He said dry in a press statement received by the agency {Euphrates News} a copy of it today that "restructuring the bank and whose goal is the development and modernization has reached advanced stages, which reflected positively on the nature of the work and the results of the bank," noting that "this progress in our bank denies claims by some employees of government departments, there are some obstacles in the completion of their transactions regarding the issuance of documentary credits. " . She added, "on both face any obstacles in completing the issuance of credits or any other transaction of public or private review of the General Directorate of Bank bringing all proof of his claim in order for the bank to take necessary measures and simultaneously promised to dry answer with full transparency on every case our office and as we committed our customers always. وShe said dry that the bank issued during the first quarter of this year {333} the adoption and the values ​​exceeded three million and 500 thousand dollars, with an increase of 8% from the first quarter of last year, where crossed Okiem credits issued by the bank since its inception in 2003 until now, the barrier 50 billion dollars ". Dry and followed that "the issuance of such a level of Akiem credits can not be achieved in the presence of constraints on the process of banking." Ended
  14. confirmed the Economic Committee in the House of Representatives, Monday, the lack of "real meaning" on the government's measures to stop the economic inflation, noting that the central bank proposed to delete the zeros of the Iraqi currency and raise its value against other currencies as a solution to inflation. A member of the Committee of Economy and Investment parliamentary Amer winner for " Twilight News "," The government had previously made ​​promises to take action to stop the economic inflation, but we did not have any impact on the ground. " He pointed out that the "Committee for the economy hosted earlier in the Central Bank Governor Sinan Shabibi and his deputy, the appearance of Mohammed Saleh to discuss ways to stop the inflation or reduce the effects of economic, as made clear that inflation can be stopped by deleting the zeros of the Iraqi currency and raise its value against other currencies." Revealed the Ministry of Planning and Development Cooperation for a new high for the index of the annual general inflation for the month of March increased by 8.3% over the same month of 2011. He attributed the ministry spokesman Abdul Zahra al-Hindawi, the reasons for the rise to two main factors are the first in the "high average prices of vegetables and fruits following the government's decision in February 2012 to suspend Astaradhma which led to a rise in the price index of the Department of Food and non-alcoholic beverages within the basket of the prices increased by 13.2 % compared to that index in the month of March 2011. " The second factor has been the "state of the continuous rise of the price index for the Department of Housing and real estate (8%) than it was in March 2011." The Cabinet had decided last Thursday, to wait in the application of the deletion of zeros from the national currency. The director of the Media Unit of the Secretariat of the Council of Minister Abdel Talaqani, "The Affairs of the Secretariat and sent, today, issued a decision to wait in the application to delete the zeros from the national currency."
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.