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alan_coaks_3
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Posts posted by alan_coaks_3
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iraq does not have coins anymore due to inflation
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5 - 10 - 2012
Baghdad (newsletter) ...Banking expert criticized the policy of improved Iraqi banks work on using modern banking technology, saying they reflect economic chaos prevailing in the country.
Ali (News News Agency): the Iraqi banking sector reflects the economic chaos in the country drift through the exercise of its traditional remote development Monterrey modern banking and the most global banks.
He said that the number of Iraqi banks that use electronic devices in process payment or transfer of funds very few foreign, noting that the process of transferring funds to Iraqi banks directly still disorganized and often through other banks in the region as banks in Jordan, U.A.E..
Banking expert invited to: oblige banks to the Iraqi public and private branches using modern banking techniques and awareness and education programmes to facilitate the work of banking system in Iraq.
The banking system consists of Iraq (43) Bank as well as the Central Bank and distributed by ownership between (7) and banks (30) including Bank of native (7) in addition to Islamic banks (6) foreign banks. Although the investment law No. 13 of 2006 excluded investment in the banking sector only provisions that investment in the banking sector takes its legal framework based on Central Bank Law No. 56 of 2004 banks no. 94 in 2004, and the minimum to establish a bank in Iraq 100 billion Iraqi dinars (around 85 million dollars .
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5 - 7 - 2012
Twilight news/United Nations announced, Monday, work in cooperation with the Iraqi ministries of planning, spearheaded by a new national development plan in Iraq.
The Government has allocated $ 186 billion Iraqi implementation plan including 100 billion dollars of the country's general budget and the remaining $ 86 billion from domestic and foreign investment projects.The Iraqi Central Bank says that the five-year plan adopted by the Government of Iraq predominantly theoretical and implementation constraints handling soon to promote real economic development in the country.
He said the administrator of the United Nations in Iraq Peter Batchelor l "twilight news" that "the United Nations works in cooperation with the Ministry of planning and other ministries to develop the new national development plan in Iraq".
"There is a reformulation of the national five-year plan prepared by the Iraqi Government in 2010 in the absence of statistics and numbers database."
Federal Planning Ministry earlier announced that five-year plan starting from 2013 to 2017 due to political differences and security situation.
Batchelor said that "building on lessons from our five-year plan, as the United Nations, we are supporting the Government to implement the plan there are errors that weigh down on us it first and plan not to repeat these mistakes, you learn."
The Iraqi authorities must first conduct census prior to the implementation of the development plan.
Enum centred primarily on the dispute over Kirkuk governorate with multiple components of the Turkmens and Arabs walkord and multiple components in Ninawa Governorate.
The latest census conducted in Iraq in 1987 followed by the last census in 1997 but did not include the three governorates of Kurdistan.
Batchelor said that "the situation in Iraq is getting worse but distributions (percentages) poverty is important between different provinces, as the United Nations, we have good information on all governorates and distributed poverty."
The Iraqi planning Ministry said in the past that most poorer in Muthanna Governorate Iraqi governorates, followed by Saladin, Diwaniyah and Qar respectively.
According to the Ministry of planning, poverty alleviation needs 30 billion dollars in budget 2012 according to recommendations of the Central Bank.
And the United Nations Mission in Iraq in poverty in Iraq up to 23% saying it is creating jobs for young people in the oil and gas sectors and building the capacity of governmental institutions to benefit from the experience.
Batchelor said "we as the United Nations with the assistance of the Ministry of planning we survey of 30,000 houses and therefore we plan to alleviate poverty, but nevertheless the census is very important, and we got information on the geographical distribution of poverty".
Since 2003 postponed the census from 2007 to 2009 and then to 24 October 2010 and finally to fifth from last December before the decision of the Council of Ministers last postponed indefinitely.
Finally, Batchelor, he said "we can work on the regional level and to enable local communities to develop plans in counties for poverty alleviation
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5 - 7 - 2012
Baghdad-control- Financial Committee said in the House that she discussed with the Iraqi Central Bank Governor Sinan Al-Shabibi fluctuating exchange rate of the Iraqi dinar against the dollar and other currencies.And Financial Committee said in a statement sent to news public opinion (rule), "meeting to discuss certain matters relating to Iraqi currency conversion external controls and their impact on the volatility of the price of the Iraqi dinar against the dollar."
Central Bank functions and in the management of monetary policy in the country and raising the value of the Iraqi dinar and tackling inflation in the country.
And the Central Bank of Iraq four branches in Basrah and Sulaymaniyah, Erbil, Mosul.
The Committee added in its statement that "deletion is discussing and to identify the mechanisms of zeros program money laundering and also found Bill monetary and banking training centre and the possibility of further legislation".
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5 - 7 - 2012
Dubai / agencies / .. President of the Bank "Warka Investment," Saad structure, the decision to the Iraqi Central Bank to impose "legal guardianship" on his bank, saying that the decision is not based on a direct cause, and does not meet the conditions of custody, while rejecting the Central Bank Governor, Sinan Shaibi , comment on the decision. The structure, in a statement to CNN Arabic, "The Central Bank of Iraq put Bank of Warka under guardianship, under the pretext of protecting the citizen and the monetary policy in general, based on reports of low liquidity directly in the bank, against the backdrop of the withdrawal of the government to Odaúaha." He added that the structure of the Iraqi Central Bank "used the" bad situation to some extent, low liquidity, to impose the so-called "guardianship," noting that "the documents indicate that the assets of the Warka Bank and more than cover the needs." The structure provides that "official documents, which can be displayed if necessary, refer to the strength and durability of Bank of Warka, the invalidity of the right of the central bank was placed under tutelage, and through the figures and data that indicate the health of the economic policies that reflected the size of assets and deposits, and the number of accounts and customers in the bank. "he continued, CEO of Warka, in his statement to CNN in Arabic, that" the subject bank under guardianship, is illegal, a kind of conspiracy to bring down the bank, which contrary to its interests with the interests of gangs in the Central Bank of Iraq. " It is noteworthy in this regard to the existence of explicit comments on the lips of official figures in the Iraqi government, describing the central bank's move Warka Bank developed under the tutelage of "illegal." The response of the Iraqi Central Bank on the lips of Governor, Sinan Al Shaibi, in a telephone interview conducted by CNN in Arabic, saying: "I have no new information on the issue of Warka Bank." He declined to comment on the remarks Shaibi a public officials in the Iraqi government, preferring to be sent written questions to his office, which was to call in advance, has not shown any willingness to help. In this regard, that the decision of custody of the Bank "Warka Investment", the fourth and trusteeship imposed by the CBI, who is responsible for monetary policy, since the law of private banks in 1991, as already imposing guardianship on the "Iraqi Islamic Bank", then the bank, "the pond" , and the Bank "National Basra." According to bankers Iraqis, the Warka Bank is cause for lifting the trusteeship Iraqi Islamic Bank, Bank of the pond, while stopping the Iraqi Central Bank unable to timely help either.
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5 - 6 - 2012
The parliamentary Finance Committee confirmed that the Central Bank put restrictions on the sale of hard currency and require that the buyer has to dollar bank account and leave the import and trade lists in addition to the tax accounting. She is a member of the Committee and MP for the Liberal block for/JD Majida Al-Tamimi said "a meeting today of the Finance Committee with the Governor of the Central Bank and some representatives from the World Bank at the causes of the high rate of the dollar against the Iraqi dinar". Tamimi said "that the Central Bank under tight controls on the sale of hard currency in the Iraqi banks is that have submitted on purchase quantity of dollars leave import and bank account as trade lists and subject to tax account", stating "because of limitations on dollar buyers to control currency exchange rate of the Iraqi dinar in the market." Tamimi blamed the Central Bank for such asylum restrictions due to the instability of the dollar against the dinar, which had a negative impact on the work of the Bank. According to the parliamentary Finance Committee member and MP for the Liberal block "that the Central Bank put these restrictions to reduce width for the dollar,"
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5 - 6 - 2012
Baghdad (News)/report/Hussein Faleh/... Emerged in recent serious phenomenon of gangs specializing in replacement of hard currency in the country with forged Iraqi currency, "fake", and this aroused a number of parliamentarians in financial and economic committees, exacerbate this phenomenon and its negative impact on Iraq's economy.
They warned in interviews (News Agency news) of exploiting neighbouring countries political situation stable in Iraq by others introduction of counterfeit currency and replace them with currencies difficult "dollar" for their own benefit.
He had revealed some exchange offices in Baghdad and the southern governorates on the emergence of forged Iraqi currency category (10) thousand dinars in large quantities, which specialists believes that category (10) thousand dinars easy fraud among other categories of local currency.
So says Economic Committee decision on Prosecutor's Kurdish blocs Coalition//mohama Khalil specialized gang must fight against the counterfeiting of currency, identifiable and where it comes from those currencies into Iraq, being a dangerous phenomenon threatening the country's economic security.
Added Khalil (News News Agency): in the absence of stringent action against fraudsters currency will incur significant losses of the Iraqi economy through drain hard currency "dollar" and the proliferation of counterfeit currency inside the country.
Counterfeit currency phenomenon is one of the most serious phenomena on the national economy and economic crimes which are punishable by law.
Noted: that the Iraqi environment is not attractive to foreign currency because of the unstable political situation in the country which made the neighboring dares and take steps towards destroying the Iraqi economy through fake currency entered and optionally its dollar to laiakhz Iraq its positions and economic actor in the region.
And approved by the Iraqi Central Bank Governor Sinan Al-Shabibi earlier existence of counterfeit currency in circulation by Iraq are limited, asking the House to approve Bill zeros out Iraqi dinars, i.e. delete the three zeros from the current currency and replaced by his more sedate tamper.
Several provinces were, including Karbala, Najaf and Babil and Wasit, Sulaimaniya and Baghdad witnessed during recent months to adjust amounts of counterfeit currency, local authorities also arrested the County gangs specializing in counterfeiting and fraud promoted to citizens. Press reports indicated the existence of specialized presses with counterfeit currency in several areas of the capital Baghdad.
Member of the Finance Committee of the Iraqi coalition MP//Ibrahim Al-mutlaq that phenomenon into counterfeit currency by neighbouring States and replace them with currencies would lead the country to economic disaster is difficult to avoid.
According to Al-mutlaq (News News Agency): US dollar trends in the State indefinitely but just sold at auction, the Central Bank without knowing the direction is gone is to invest or to smuggling or to import from abroad, calling purely direction both within the country or abroad by the authorities concerned.
Called security actors need to take turn towards the prosecution who enter such funds through control of border crossings to reduce the gravity of the national economy.
It is noted that the Ministry of the Interior reported in recent days arrested a number of persons from the Iranian citizenship in southern Iraq with a quantity of forged Iraqi currency, as well as other phenomenon to replace hard currency Iranian currency through Iranian visitors coming to holy sites as well as their men on the Iran-Iraq border, where finds the Iraqi economy specialists that the phenomenon of currency substitution "dollar" the Iranian currency is illegal, but is a smuggling hard currency around the country, supposedly fought by those Security, adding: that is not an Iranian currency, to their departure from the country fellow. This phenomenon has affected the value of the dollar in Iraq, and increased demand for buy it before the Central Bank auction.
The US dollar is sharply and unprecedented in its value before the Iraqi dinar during the current period.
Except Financial Committee member National Alliance Deputy//Abdul Hussein Al-yasseri: currency substitution phenomenon in Iraq with fake currency with "high risk" on the Iraqi economy, calling fought to save the national currency from degradation.
Al-yasseri referred (News News Agency) to: political divisions and conflicts in Iraq during the current period played a key role in destroying the national economy and the Iraqi dinar, which made the Government preoccupied with political problems, leaving important things and gave the domain to the Outlaws of neighbouring States to capture the Iraqi currency and difficult pumping large quantities of counterfeit currency into the country.
He suggested Al-yasseri: use of allergic eye to currencies in all Iraqi banks and exchange offices and even shops for counterfeit currency and arrest known traffickers.
The Central Bank of Iraq had made adjustments to the systems sold the dollar at auction, because traders and banking offices to eject large amounts of dollar to Iran and Syria, which applied the right to economic sanctions have led to a deterioration of local currencies globally, as the Central Bank of Iraq to claim your banks documents proving the need for hard currency.
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5 - 6 - 2012
Baghdad (news) .. most likely director of the Association of private banks Abdul Aziz Hassoun, entry of international banks known to the Iraqi market for the purpose of sharing with Iraqi banks in the performance of its duties banking in the coming period.
The Goldfinch (of the Agency news): There is a great desire by the international banks to contract with the Iraqi banks in order to participate in its work and the transfer of technological global banking to it, adding that negotiations are still ongoing with council departments, banking, and that the coming period will witness more than one bank global participant with an Iraqi bank.
He added that all the indicators and the results issued during the last year or first quarter of this year indicate that the Iraqi banking sector began to develop and lead its work well, which is reflected on its balance sheet which increases constantly and achieve good returns through shares and shareholders.
The central bank has set a three-stage plan to raise banks' capital to 213 million by June 2013 to stimulate lending at a time when Iraq is recovering from Chapter VII sanctions.
It is noteworthy that Iraq has seven banks owned by the state and 23 private banks, eight Islamic banks in particular, according to the site's central bank, while dominated by the banking sector, banks, Rafidain and Rasheed, and the subject is currently restructuring to pay off debts that have accumulated after years of war and sanctions.
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it helps just look at all the other countries that did it. sum of them long term had to do it again but worked for others
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this would be a good move for iraq to do but bad for us
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5 - 2- 2012
Exports of crude oil last April, more than 2.0005 million barrels per day, which rise the first recorded exports of oil since more than 20 years, while expected among expert Iraq to be a fixture in the global oil market, after increasing the production capacity of crude oil next year to more than (4) million barrels of oil a day.
The head of SOMO Falah al-Amiri, according to Reuters news agency: "The Iraqi exports of crude oil increased during the month of April last, to 2.0005 million and eight thousand barrels per day, compared to last March, which amounted to 2,000,317 thousand barrels a day."
And Ameri added that "the rate of exports of crude oil for April from the Basra oil reached 2,000,115 barrels a day," adding that "the rate of export of crude oil from the Kirkuk oil amounted to 393 thousand barrels a day."
This is a rise in the rate of oil exports during last April, is the first since 1990.
The Oil Ministry announced early last April, a rise in oil exports for the month of March to more than 70 million, revenues increased to eight billion dollars, stressing that the ministry is seeking to increase its oil exports during the current year to reach 2.0006 million barrels.
He expected the oil minister, Abdul Karim and coffee on the ninth of last April that Iraq's oil exports will be affected by the April bombing of the Iraq-Turkey export pipeline, expected to reach oil exports for the month of April to 2.0003 million barrels, or slightly higher.
Iraq has signed, during the year 2010, contracts with several international companies to develop some oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day after the addition of the quantities produced from the fields other national effort focused most of those contracts in the fields of the south.
Indeed, Iraq has made of its oil facilities, and currently produces about three million barrels of crude oil per day, and exported through Basra while making the remaining amount through the northern port.
In the meantime, expect director of the Institute Iraq Energy Louay Khatib Iraq to be a fixture in the global oil market, after increasing the production capacity of crude oil next year to more than (4) million barrels of oil per day and gas investment that accompanies it (70%), particularly of the fields the southern oil according to the plan of the Ministry of Oil.
Khatib said (of the Agency news): The initial plan developed by the Ministry of Oil was aspiring to be the production capacity of Iraqi oil during the next five years (12) million barrels of oil a day, but the plan fell to (8) million and then to (6) million barrels per day, noting that this figure would be achieved if Iraq key player in the world oil market.
He noted that this increase be accompanied by increased production capacity of the gas associated with oil burned in the southern oil fields to reach its production capacity to (70%), which will develop the gas industry in Iraq and increase the production of electric power in the country.
And was a member of the Finance Committee MP Najiba Najib had expected for a large financial surplus due to increased global price of oil, pointing to the possibility of financial abundance distribution derived from oil sales to the people the middle of the current year.
The answer (of the Agency news): The draft law on the distribution of oil revenues on the people providing for the allocation (25%) of surplus revenues generated from oil sales and distribution of cash to the people through the development of a specific mechanism by the Ministries of Finance and Planning.
She added that the abundance of Finance will appear in the middle of this year, specifically at the end of next June will be assembled in a box and add the money (25%) of the increase achieved in the abundance of Finance last year, and is distributed at the beginning of the month of July next, either through the ration card or by other means determined by the Ministries of Planning and Finance.
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a currency change means there going to issue all brand new currency and make the 1 we have void after a period of time
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5 - 2 - 2012
Iraqi Prime Minister Nouri al-Maliki, who met recently with Iranian President Mahmoud Ahmadinejad, is being used as a “tool of Iran,” and Iran is using Iraq as a way station for transporting fighters and weapons to Syria to support the regime of dictator Bashar al Assad, according to former Iraqi Parliamentarian Mithal al-Alusi.
These are just two of the controversial assertions Alusi has made in interviews during April, presenting a picture of his country as becoming increasingly dominated by Iran since the U.S. troop withdrawal in December.
Alusi, who served two terms in Iraq’s Parliament and has been an outspoken advocate of normalized relations between Iraq and Israel, said earlier this month that Iran’s agents are transporting materials that appear to be weapons on “buses” to Syria via Iraq. It is just the latest, he charges, in a litany of Iranian abuses against his country and its people including money-laundering, sponsoring of terrorism, and bribery of Iraqi politicians, all of which have intensified, he says, since the U.S. troop withdrawal.
Alusi, a Sunni Muslim, has a history of voicing controversial views, as well as of making decisions that have frequently angered extremists.
In 2004, while serving as a leader in Iraq’s national commission for de-Ba’athification, he traveled to Israel to attend a counter-terrorism conference. Upon his return, terrorists murdered his two sons, Ayman, 30, and Gamal, 22, and one of their bodyguards in revenge for Alusi’s decision to travel to Israel. Minutes after the attack, he told reporters, “Even if these terrorists try to kill me again, peace is the only solution. Peace with Israel is the only solution for Iraq. Peace with everybody, but no peace for the terrorists.”
Elected to Iraq’s Parliament as an independent in 2005, he promoted counter-terrorism cooperation among Iraq, Israel, and other democracies and decried Iran’s interference in allegedly peddling influence with Iraqi politicians.
A maverick in Iraqi politics, Alusi has frequently been ahead of the curve. In 2006, he told this reporter that Iran was supporting both sides of the Iraqi insurgency—a claim that was controversial at the time but was ultimately confirmed by U.S. intelligence sources.
In February, he told this reporter that Iraq’s Central Bank was processing hundreds of millions of dollars a day more than usual, and that, according to sources within the bank, Iran’s agents were behind this financial maneuvering. He also said that, according to sources within the Iraqi intelligence community, the same individuals who were “buying hundreds of millions of dollars in cash” from Iraq’s Central Bank were arranging for these dollars to be carried from Iraq into Syria, and then transported to Iran in order to skirt the U.S.-led sanctions.
“We are talking about hundreds of millions of dollars in cash going in to Syria–in suitcases–and then it goes to Iran,” he said at the time.
In early April, it was reported that the Central Bank of Iraq had tightened its clampdown on its sales of dollars – due to concerns that buyers were using them to launder money and circumvent U.S.-led sanctions against Iran and Syria.
Last week Alusi provided more examples of what he characterized as large-scale Iranian interference in Iraq that he believes are intended to pave the way for Iranian domination of the Mideast.
One example he cited of Iran’s alleged interference is the establishment of several banks recently in Iraq that he said “have the right to buy U.S. or Iraqi dollars from the Iraqi Central Bank.” He said that “Iranian intelligence” has set up these banks so Iran’s agents can skirt the clampdown and continue laundering money. Because banks in Iraq are not regulated in the same way as U.S. banks are, it is easier to set up new ones without scrutiny, he said.
“In Iraq, [if] you have 2.3 million dollars you can make a bank,” he said. “Iranian intelligence did this. There are a few private banks in Iraq, and mostly they belong to Iraqi politicians and Iranian intelligence.”
Moreover, Iran funds militias inside Iraq that conduct terrorist operations, and have stepped up their terrorism against Iraqis since the U.S. troop withdrawal, according to Alusi.
“All of the terrorists are from Syria, Iran, or Hezbollah – and they are killing people on the street,” he said.
Alusi said the Iraqi government is under-reporting casualties.
“Sometimes the real number of people killed is 50, 60 more [than what Iraq’s government reports],” Alusi said. “Does the U.S. embassy know that? Of course.”
In addition, Alusi said Iranian-trained, Iraqi militias are being “transported” to Syria, under orders from Tehran, to “help” Syrian security in a government-waged crackdown that has claimed the lives of 9,000 Syrians since last year.
Numerous members of the current Iraqi Parliament are taking money from Iran in exchange for supporting Iran’s positions regarding Syria’s crackdown and other issues, and for their compliance in allowing Iran to turn Iraq into a way station for weapons and militia transport, according to Alusi. He added that several years ago, people he believes to be Iranian agents offered him money to stop speaking up about these issues, but he has declined the money.
“If I said, ‘Iran is good,’ I would receive a few million dollars, and all would be good for me,” he said. “I would be powerful and very famous in the government. [but] I don’t want to do that. This [attempted bribery] is a kind of terrorizing, a kind of way of saying, ‘You have no choice.’”
Many Iraqi politicians are afraid to reject Iran’s alleged bribes, according to Alusi.
“My people, I believe they are good,” he said. “Iraqi politicians—many of them—either are under Iranian control, or they have problems. If you are against them they are fighting you and kicking you into a corner, if they don’t kill you.”
In February, Alusi survived an assassination attempt by two armed gunmen.
He resists caving in to Iran’s and its extremist supporters’ agenda because he has already lost so much, he said.
“Maybe because I lost my sons, maybe because of that,” he refuses to cooperate, he said. “[but] can I tell other politicians …‘Let them kill your family?’ They are afraid.”
Alusi would like to see President Obama acknowledge that all is not well in Iraq, and to “take his historic responsibility” to stand up to Iran, he said.
“When the U.S. says, ‘Everything is OK in Iraq,’ we Iraqis are saying, ‘My God, we are being killed. What is OK, that we are being killed? What is OK, that the terrorists are more active than before?’”
He argued that the U.S. troop withdrawal sent Iran a signal that it could have its way with Iraq.
“The U.S. has told the Iranians, ‘Now you are free to do what you want.’”
He is not against the Iranian people.
“Iranians are normal human beings,” he said. “But I am against the regime.”
Alusi issued a plea to the U.S. President to “Stop the Iranian nuclear program, terrorist program, and missiles program.”
If Iran can be stopped, human rights and democracy can still have a future in the region, he maintained.
“I am an optimist,” he said. “Can they control us? No. They are rubbish … Please Mr. Obama, do not be afraid [of] the mullahs … If we do nothing, terrorists will go further and further. We are losing Iraq to the hands of Iran and Hezbollah, to fascists. We paid a huge price, many Iraqis did, and Americans did. The only thing that will change the situation is if the White House wakes up. I am Arab. I am Muslim. We have to fight for the new generation. We are not afraid. Why should you be afraid?”
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5 - 2 - 2012
Baghdad (news) .. The Deputy Chairman of the Finance Committee MP / Kurdish coalition blocs / Ahmed Hassan Faizullah, the need to work in the credit card all banks two branches the Iraqi public and private, to facilitate the financial matters for the citizens.
The flood of God (the Agency news): The work credit card in Iraqi banks is a phenomenon of civilization followed in most international banks to facilitate financial transactions for citizens, pointing out that most international banks began to use these new technologies, but Iraq, as it still lacks the levels of awareness needed to understand how to work these modern phenomena.
And: that the work of these techniques needs to be awareness and educational programs to citizens by targeting layers of Education and farmers through the dissemination of education programs and how to use modern scientific techniques used in the world, as happened in South Korea.
And credit card banking are given from which the source Kalmsrv and Credit Union Foundation, savings or any other financial institution line of credit revolving holder of the card, The card is in fact a loan consumers can use it to purchase its requirements and then pay later, if he is willing to pay all the borrowing them (buy it) in any month, it allows him to rotate the part or all of the borrowed amount to the next month, with the result in this case the payment of interest on the debit balance (the existing).
The most famous types of cards (card account, the city card, ATM card, the card secured credit, smart card, prepaid card, card coalition, card allowances (bonuses), the card with a dual-brand).
Characterized by the idea of any work in the credit card banking a kind of cultural progress and cognitive development.
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4 - 29 - 2012
Hand it to Paul Krugman: He's not out to make friends.
Today he appeared on ABC's Sunday morning show, This Week, and then immediately afterwords wrote a blog post basically calling all of his other panelists dumb.
Those other panelists, by the way, included such names as Google's Eric Schmidt, Carly Fiorina, former Michigan Governor Jennifer Granholm, George Will, and David Walker.
As Krugman sees it, all these "serious people" spout nothing but cliches (entitlement reform! more education! tax reform! more help for small businesses! more skilled workers!) whereas the crux of the problem in the US, says Krugman, is lack of demand, and our pathetic response to the crisis (not enough fiscal stimulus). Because all these smart people believe nonsense, the title of Krugman's post was We're Doomed.
Without a doubt, the best part of the video is where Carly Fiorina gives a big soliloquy about tax rates and how high they are, and how it's killing competitiveness, and Krugman flatly responds: "Nothing you just said about taxes is actually true." That specific moment starts around the 8:14 mark.
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4 - 29 - 2012
Baghdad: JD announced the Ministry of planning and development cooperation, Sunday, on its five-year plan for five years, while she was based on the price of 85 dollars per barrel of crude oil in the first year of the plan, drawn to the high rate of population growth to 2.8%. And the Under-Secretary when Paul said in a statement issued on Sunday received (dinars) a copy of a copy "," Ministry of planning the next five-year plan was developed for Iraq, as the price of 85 dollars a barrels of crude oil for the first year of the plan, to be implemented from 2013 to 2017 ", stating that" the Ministry relied on daily production up to 2 million and 900,000 barrels per day, could rise to six million bpd in 2017 ". Paul added that "the quantities produced from crude oil financial revenues of Iraq will, up to eight trillion dollars in 2013, bringing to ten trillions of 2017", stressing "the need to revitalize the role of the agricultural sector, it represents an important source of diversification of the economy, thereby reducing dependency on oil." For his part, between the Under-Secretary of planning Mahdi Al-Alaq "annual growth rate of the population of Iraq had reached 2.8%," he said, adding that "this percentage is high in the shadow of the challenges facing development plans." He Al-Alaq "Supreme Commission for population policies in Iraq are working continuously on a study to find ways to accommodate population increases," he said, adding that "there are positive signs, indicating an improvement in the situation of women in Iraq, where the proportion of activity for Iraqi women from 11% to 18%. The planning Ministry said in February last updated national development plan for the past five years, according to new social and economic variables, indicating that the past five-year plan was not the level of ambition. He was under-Secretary of planning Mahdi Al-Alaq stated in June last year that the poverty level 2011 in Iraq constitute 23%, which means that a quarter of the population of Iraq live below the poverty line, including nearly 5% in extreme poverty, stating that poverty line covering the basic needs of food and non-food. Recall that Iraq has launched in May of 2010 national five-year development plan 2010-2014, during a ceremony organized by the Ministry of planning and development cooperation in Iraq under the banner "towards sustainable and diversified Iraqi economy." Aim to reduce disparities and barriers between urban and rural areas, and the establishment of infrastructure and social services and jobs, increase GDP by 9.38 percent average annual growth rate during the plan period, with work to diversify the economy which is currently reliant on oil imports
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4 - 29 - 2012
Baghdad: JD initiated the Central Bank in the first auction this week has put the dollar amounts at prices lower than the black market, a difference of ten percentage points. It was the opening of bids for the sale and purchase of dollar daily fourth and Twenty-two thousand for buying and selling foreign currency at the Central Bank of Iraq for Sunday day on 29/4/2012 The number of banks contribute to the auction 15, and the basic price, which landed him selling dinars / USD 1166 and while the total amount sold by the Bank at the price advertised (132,296,000), there were no offers of sale by the shareholders at the Central Bank. The total amounted to Buy Offers (USD) (132,296,000), while the total Products (dollars). The Alpmk central in the statement which was obtained (JD, a copy of the price of the sale of remittances (1179) JD / dollar, including the commission's central bank in the amount of (13) dinars per dollar. And the price of cash sales (1179) JD / dollar, including the commission's central bank in the amount of (13 ) dinars per dollar. quantity sold and the amount of cash (7,783,000) dollars and quantity sold amount of remittances (124,513,000) dollars. the central bank earns a commission of (13) dinars per Dolarma discount (8) JD / dollar amounts for purchased that is to say: - the purchase price of the dollar cash = (sale price of the dollar cash - 8). stressed the bank as a continuous buying and selling of the dollar and the price (1166) and receive the same commissions mentioned above. It is noted that the exchange rate of the dollar in the black market reached 1226 dinars / USD, With stabilized exchange rate of the dinar since 2006 until two months ago from now to 1118 dinars / USD, and played both Iran and Syria to impose an international embargo on them a prominent role in the decline in the value of Iraqi dinar after the rise in demand is dramatically reflected in the dollar and turn it into these two countries in order to reduce the effects of the blockade on national currencies, which saw a decline by almost half compared to the dollar.
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any articail mentioning 3 zeros = RD
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4 - 29 - 2012
Baghdad (newsletter) ... The President of the Board of Directors of the Bank Hussam economy importance of slaves to amend decision former Finance Minister Baqir bodyguards who prevent treat State services with private banks, describing him as a "wrong" decision role of private banks in Bank discharge of duties.
Said Abeid (News News Agency): it became necessary to amend the decision by former Finance Minister Baqir Jabr bodyguards before the House of representatives, Ministers and even the Ministry of finance, which prevented State agencies and ministries are treated exclusively with private banks, making its work limited only to issue letters of guarantee and accept deposits from individuals.
He added: that behind the basic constraints and problems afflicting private banks are responsible politicians being issuing resolutions do not serve Iraqi banks, continued: "we met senior officials in the State and Finance Minister Rafe Al-Issawi to amend this resolution, but it looks that there are negative before the private banks went and Government support.
And invited the Chairman of the Board of Directors of the Bank the economy: the need to support special private banks and urged State departments and ministries to deal with in order to have strong global banks and Iraq with large capital.
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4 - 29 - 2012
Experts consider the survival of longer a good indicator ... National economy weakens the hurling media — projected Nasser Baghdad
Description of the Central Bank of Iraq Iraqi dinar exchange rate low, the dollar to 6 percent, surprising with the bubble of so-called information that accompanied the event with the storm, although the euro fell by 17 percent, accompanied by usually such "attack".
With felt optimistic about reducing the rise of the dollar against the national currency with application of import licences, the end of June, he accused outsiders to try to withdraw more hard currency to offset the economic crises experienced by the destruction of the national economy.
While the experts stressed the need for coordination with the monetary policy of the Central Bank, through effective trade policy, criticized Crossfire media subjected to governmental party central.
With as a factor undermining the national economy, the conservative enemy survival longer a good indicator on the stability and independence of the Central Bank.
In an interview with "the world" on Saturday, reducing the appearance of Central Bank Adviser Mohammed Saleh, "the gravity low Iraqi currency exchange rate against the dollar to 6 percent, describing them with the bubble", especially since the euro when fall 17 percent did not raise such a media whirlwind. "
Saleh denied rumors reported "waiver Bank auction sale currency in favour of Government banks," he said, referring to "take measures such as tax to know real trader, plus make sure you go to the hawala others, be coherence between financial and trade by equations, and to some extent succeeded in controlling the sale of currency, but some traders tried to circumvent such procedures, but by 30 June next January, will be control over such attempts Completely, after imposition of import licences which will need country-specific specifications.
Central Bank Adviser stressed the need for coordination and cooperation with the country's trade policy, and this is one of the doors of cooperation "," speculative points raised many rumors to influence the decisions of the Iraqi Central Bank, that the attack was organized by foreign States, beginning from small signs in the Arabian Gulf, and ending with Eastern Anatolia at the Black Sea shore.
Saleh said "these States and external actors, real crisis, Iraq appears in contrast, as a major economic force, through balanced, its currency reserves amounting to 63 billion dollars, growing oil exports, those found in Iraq, easy access to avoid repeated their pull more dollar, so that demand amounted to 480 million dollars in January last year", stating that "nearly 75 percent of foreign trade through regional mediators, who are currently in great economic crises, attempting to The exploitation of surplus State-supported Iraqi currency, type numbers exaggerated on the importer, for example, while real are imported 1000 pen soft, it writes million, in order to benefit from additional dollar payments, that the Central Bank is the only incubator for trade finance in Iraq. "
In turn, financial expert, Majid mock with "world", yesterday, on "the need for concerted efforts by a number of ministries with Central Bank policies, such as the Ministry of finance, the Ministry of trade to adjust foreign trade, Ministry of the Interior to try to justify illegal transactions," the Central Bank action alone is not sufficient, it despite their success for a limited time, however, trade lobby the lobbies collaborating foreign trade, try to penetrate such actions several times, and will not be controlled without coordination and cooperation Common ".
Mock was encouraged "the ability of such procedures at the control provide the dollar without pressure, and combat issues and transactions conducted outside Iraq, as the Central Bank cannot cover the needs of other States."
He attributed the "fall of the national currency against the dollar to the attack suffered by neighbouring States such as Iran and Syria, which were subjected to economic pressures", criticizing "the hostile policy pursued by the other authorities against monetary policy, try to comment the failure to find a genuine economic development."
Meanwhile, the economic expert of maytham would talking with "the world" yesterday, "the media attack against the Central Bank, it is an attack against the Governor 's, and especially Sinan Al-Shabibi, arguing that the renewal of the mandate is not legitimate, and has remained in Office more than the prescribed period, and this is very wrong, followed in global central banks, is the need to maintain the conservatives for long periods, especially with no major problems in the work of the Bank and keep the Governor in place in itself is an important global indicator on The stability and independence of the Central Bank wanted to implement a successful monetary policy. "
And for "Crossfire would, in economic information does not resemble the political counterpart, in politics is normal but in the economy and monetary policy with the Central Bank specifically disservice national economy", adding that "this attack demonstrates the independence of Central Bank managers, lack of backing from any political party, then as a financial institution, not derogatory by allegations of widespread corruption that we hear here and there, demonstrating integrity involved in management, who were hoping to raise zeros from the dinar was the culmination of their efforts Maintaining the price paid ".
However the Economist "there are positive signals from both sides, promising to reach a formula satisfactory to all, would end the crisis", pointing out that "auction sale of currency is not part of the real Central Bank functions, but is a temporary measure, to support domestic trade and reduce volatility, currency stability, like the support of petroleum products".
And for would be "rising and falling currency is really the country's ability to export production, the more the export of goods in the country increased value of its currency
Height of the Iraqi Central Bank reserves to 60 billion dollars
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zigmeister ur right i was looking at sumthing else they still have the coins