Butifldrm

Thanks yota for the post. Socal, do you think the finance ministry could be running scarred after reading of punishments being enforced on other banks which are doing business or have trades with Iran? After all the USD flowing from Iraq is going into Iran and Syria. If they imposed these same type of sanctions on the CBI, that could prove to be disasterous. NEW YORK / LONDON (Reuters) questioned the Standard Chartered Bank and investors in the charges made ​​by the Financial Services Authority in New York to the bank to hide about the transactions associated with Iran and that made ​​him lose $ 17 billion of its market value on Tuesday. He expressed the White House much attention the case, saying that the U.S. government takes the accusations of violating the economic sanctions very seriously. said Standard Chartered Bank, based in London that he was in talks with U.S. authorities about his dealings linked to Iran since early 2010 and that the accusations publicly made ​​by the State of New York came Kalsdma. and description Chairman of the Financial Services Authority in the State of New York, Lossky Benjamin Bank as a "rogue institution" and threatened to cancel its license to operate the state on Monday. accused of concealing the bank Lossky treatment of 60 thousand $ 250 billion over nearly ten years. He told Lossky The Bank earned fees of hundreds of millions of dollars from these transactions. and returned Peter Sands, chief executive of Standard Chartered from his holiday rush to help the Bank in the preparation of his defense and to limit the damage that may occur to his reputation. Shares in Standard Chartered was down 16.4 percent at 12.28 pounds on Tuesday to reach the losses to 24 percent since the news emerged, such as closing trading Monday. Earlier in the stock fell to 10.92 pounds, the lowest level in three years. The White House said that it takes violations of the sanctions seriously, but he did not mention directly the actions taken by Lossky. said Jay Carney, White House spokesman told reporters, "the Treasury Department in close contact with authorities Federal and state authorities on this matter. " This is not the first time in which to Lossky in the investigation to the state authorities in matters investigated by the usually federal authorities. When he was working in the Office of the Attorney General of New York helped to Lossky in the order of a lawsuit yet to be resolved against Bank of America in 2010 on the acquisition of Merrill Lynch despite the fact that the bank had settled a similar case with the Securities and Exchange. (preparation of Abdel-Moneim structure of the Bulletin Arabic) .... Read more: http://www.sotaliraq.com/business.php?id=6876#ixzz22zu7vygv

With impending threats from the finance committee of an audit. We may see movement sooner than later.

If this is true, which it probably is, Maliki does not need questioned, he needs taken out! No need to waste time questioning him!

Ali al-Dabbagh has received [where] a copy of it that "the Council of Ministers decided to form a committee headed by Deputy Prime Minister Hussein al-Shahristani, and the membership of the State Minister for Provincial Affairs and the agents and ministers of foreign and domestic, transport and Iraqi National Intelligence Service and Adviser to the Prime Minister for Legal Affairs to investigate the the circumstances of the visit of Turkish Foreign Minister to Kirkuk and make recommendations to the Cabinet as soon as possible. " Shahristani is the wrong guy to head this committee. He has denied payment to the kurds for oil proceeds for three years. He has inflamed the situation between the Kurds and the Central government every chance he gets. The Kurds have tuned on the oil till the end of the month, as a good gesture to move forward on the oil and gas law. This investigation, I'm sure will throw a monkey wrench in the deal.

My question is! Who isn't in the mafia over there. Anyone with the least bit of power seems corrupt.

Well, well well, this is more great news Socal. If this article comes to fruition, here's the National Conference 1. discuss matters disputed between the Centre and the region 2. 16/5 initiative includes eight points for solving the political crisis in the country 3. the adoption of the Constitution as invoked reference and the commitment to the agreements on the basis of which the current Government partnership including Erbil agreement 4. adherence to the principle of genuine partnership responsibilities and independence of the electoral system and provide all necessities to ensure free and fair elections for provincial councils in 2013 and 2014 House Thank God Talibani has had a miraculous recovery

RSS, so sorry to hear about your loss. I pray God gives you understanding and Grace in you time of need. I lost my Dad six years ago July to cancer and I still tear up when I think about what a wonderful Father, Husband and Friend he was. I still wear the cross he kissed a week before he died that assured me he was born again in Christ. As your father, I know he's whole, cancer free, in no pain, and living in a place we can only dream of. God bless you and comfort you in these times. Butifldrm

Easy, thanks so much for bringing this over. I almost fell out of my chair when Delta addressed a post I had put in this forum that noone really answered. Thanks again. Supposedly Iraq's Standby Arrangement with the IMF expires mid July http://www.imf.org/e...y/IRQ/index.htm http://www.imf.org/e.../notes/iraq.htm . The intial two year SBA was due to expire February 2012, then Iraq asked for a five month extention. I have not seen or as far as I can tell, that Iraq has asked for further extention. Today July 23 2012, a payment of 2,376.80 SDR millions (SDR value presently 1.50 to USD) is due to the IMF http://www.imf.org/e...key=2012-07-24. It will be very interesting if this payment was made or if Iraq asked for another extention? Iraq's position in the fund, posted by the IMF data, only shows information up to June 30th 2012. In 2012 Iraq is scheduled to pay a total of 6,093,153 SDR millions, which is minimal to their expected total payment of 123,289,854 in 2013. Wow, that is a huge increase in the amount of schedule SDR payment. IMO, this may reflect an increase the projected rate of the IQD. Iraq's 2012 GDP is around 12%, and the IMF's projected GDP for 2013 is only 1.5% higher http://www.iraq-busi...s.com/tag/gdp/. In 2013 Iraq is going to have to come up with some serious cash. I know Iraq has a tremendous amount of money in reserves, including the DFI, but the DFI supposedly belongs to the people not the government. Shahiristani, just released that output exceeded 3.07 million bpd and a projected 3.9 million bpd in 2013. Can Iraq's projected increase in GDP, cover the increase of the amount due to the IMF? I am not an economist, but it does seem the payments to the IMF should be proportionate to the wealth of the country. How is Iraq going to come up with the money to pay a 1,923.00% increase in expected payment in 2013? Can anyone out there give their thoughts/opinion on this subject? Read more:

I'm not sure on that one Socal. I would hope it would be discussion on international laws of currency exchange between the two countries.

Socal, looks like some serious discussion on islamic banking ( probably due to sanctions on Elaf Iranian Bank). I really like the discussion on restructuring of Iraqi currency and the instruction book! Oh thanks for the post.

Wow, I love it! 'PROPAGANDA'

Member of the economy: The Central Bank informed the House of Representatives officially its readiness to implement the project to delete the zeros .. A parliamentary objection and around Date: Tuesday 07/08/2012 12:01:44 Baghdad (news) .. According to a member of the Committee of Economy and Investment MP / coalition in Iraq / Nora Albjara, that the House of Representatives received a formal letter from the Central Bank containing details of the project to delete the three zeroes from the currency and calls for its application early next year, saying there is no objection large by the House of Representatives on the implementation of the project that the country is still is poised to replace the national currency. said Albjara (of the Agency news) on Tuesday: The Central Bank of Iraq sent a letter to the Committees of Finance and economic development in the House of Representatives expressed its readiness to implement the project to delete the three zeroes from the currency over the next year and contains a detailed explanation of the project and the stages of implementation for the purpose of discussed in the House of Representatives and the time limit for its application. have shown: that most of the members of the House of Representatives rejected the application of the project in the next year being a big project and needs to be enough time for discussion and study, as well as they see that Iraq is still not ready ready for the implementation of this project and fear that cast a negative impact on the national economy and the local currency. She added that the Economic Commission representative will hold a meeting in the coming days to discuss the project and may be from which to call the Governor of the Central Bank and hosted by the House of Representatives to clarify paragraphs stages of project implementation and the possibility of readiness. The Central Bank of Iraq announced in (29 September 2011) that the year 2013 will see the deletion of zeros and replacement of the currency, which warned him, officials and economists because of the presence of mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the planned changes. has called for the prime minister's central bank to wait a project delete the three zeroes from the local currency, asserting that a major project and needs to be enough time to apply it. / Finished / 8. n. r / http://www.ikhnews.com/news.php?action=view&id=51330

Thanks for the post yota. I know everyone is getting really tired of these Kuwaiti, Iraqi negotiations over the debt owed, but this is really good news for Iraq. If you go back and look at all of the comments form the UN concerning the debt, there was never a time limit put to the amount of time Iraq would have to pay Kuwait 5% of there oil proceeds. I know Iraq owes Kuwait 21B, but at least they know within 5 years the 5% of the oil proceeds with stop. I am glad to see this time limit and I think it is am important key to the release from Chapter VII.

Thanks SWFG, I hope they implement soon. It appears the Kurds are moving on.

B of A Banksters, this is discusting. I hope this class action suit will get these service men enough money to pay their homes off.

Thanks Socal for the post. I just read this on another news site. Surprised to see noone posted on this, including me Parliamentary Commission of Economy discusses the project to delete the zeros of the Iraqi currency 05/08/2012 14:29:00 BAGHDAD / Nina / Committee discussed the economy and investment representative at its meeting held today under the chairmanship of Ahmed al-Alwani, Chairman of the Committee a number of draft laws. said the information department of the Council of Representatives in a press statement that the committee discussed the draft laws ratification of international conventions and the Memorandum of Understanding between the governments of Iraq and the U.S., and Iraq's accession to Agreement establishing the International Islamic Trade Finance. also discussed the Commission's papers received from the Department research the title / green economy our way to achieving sustainable development and repair of the environmental situation and the most prominent indicators of the Iraqi oil sector / in addition to discussing the book received from the Central Bank of Iraq, containing the position monthly dollar sales to the banks for the month May 2012, and the book received from the Central Bank and the project included restructuring currency / project to delete the zeros /. / End P http://www.ninanews.com/arabic/News_Details.asp?ar95_VQ=FMLEJL

This is the lowest of lowest rotten dirty down tricks Iv'e ever seen played in Iraqi politics, besides murder.

This is great news Carrello. This was a pretty volatile issue between Kurdistan and Baghdad.

Kurdish lawmaker: the Baghdad government determines our relationship with Israel 06.08.2012 | (Voice of Iraq) - add comment - Alsumaria News / Baghdad, MP for the Kurdish bloc in the Parliament of the Kurdistan region of Schwann Ahmed, on Monday, that the Baghdad government is the entity that determines the Territory's relationship with Israel, stressing that his foreign policy linked to the policy of the Iraqi state, is regarded as a member of the opposition to block the change in front of the Region an opportunity to establish relations with all countries if they were consistent with the interests of the Kurds. Ahmed said in an interview for "Alsumaria News", "the foreign policy of the Kurdistan region associated with the policy of the Iraqi state," noting that "our relationship with Israel is determined by the federal government." He said Ahmad that " A new plot targeting the territory, "without giving further details. For his part, MP for the mass change in the regional parliament Abdullah Mahmoud said in an interview for "Alsumaria News", "The region has an opportunity to establish relations with all countries, including Israel if homogeneous with the interests of the people of Kurdistan. " He said Mahmoud, "surely a citizen Kordestani I allow you to visit any country, Iran or Israel." The Iranian consul in Irbil great Hosseini, in (8 May 2012), and the Israeli presence in the region, which was rejected by the Presidency KRG strongly, arguing that it does not serve the relations between the Territory and Tehran, called upon the Iraqi Foreign Ministry to ask Iranian officials to provide the documents and evidence to the charges. The government of the Kurdistan region of Iraq, denied, on 27 March 2012, in the words of Undersecretary of the Ministry of Peshmerga, Major General Jabbar Yawar, the existence of any Israeli intelligence bases in the region, stressing at the same time it will not establish any relationship with the Jewish state unless the Baghdad government decided it. Read more: http://www.sotaliraq.com/mobile-news.php?id=67094#ixzz22nuRtMr4

Report: Arbil became laden Dubai 06.08.2012 | (Voice of Iraq) - add comment - (Rn) in a report from the city of Erbil, described the site, "Gulf News," the English-speaking, this city, which "fueled by oil and gas as having a growth unprecedented in the economy." Under the title "Growth in Arbil, the truth or noise", report also pointed out that the "Arbil was a city hated by the former President Saddam Hussein, and life was living in very bad but now it has become laden Dubai." The report also pointed out that "Erbil is growing faster even than Dubai, in the past four or five will Kurdistan did Emirates in twenty years. " and Aattabraltgarir that "Erbil is a magnet for many tourists and investors, which includes shopping centers, major include the biggest brands, which are based families are more affluent," adding that the "pizzerias and Chinese restaurants and bars sushi, which have now spread all over the the city. " and that "the government is investing today in the field of tourism, particularly through the Castle, the oldest settlement inhabited in history and overlooking the center of the city." The report added that "Iraq's neighbors, especially Iran and Turkey were quick, and since the fall of Saddam Hussein's regime to take advantage of economic opportunities in this country, according to data from the Ministry of Trade and Industry, there are more than 1000 Turkish companies and 300 Iranian companies are registered in the city. " The report says that "Turkey is funded by oil installations as well as many jewelry stores and food products," adding that "despite its opposition to the idea of an independent Kurdish state Turkey was willing to invest in Iraqi Kurdistan since 1996. " The report considered that "the right day to Iraqi Kurdistan to become independent and start demanding the right to self-determination for the Kurds who live in neighboring Turkey, Iran and Syria and numbering 28 million people." What did Turkey, the report says, "is the plan for a very smart requires the adoption of Arbil them economically in order to break the wings of political", with the knowledge that "the building of a Kurdish state was not a major priority for local authorities, at least not at the present time," and instead "has been direction in an attempt to develop for economic development to attract foreign players through tax exemptions for ten years, and reduce the prices of land allocation for investment projects and secure the economic environment is completely different to the philosophy of the state during the former regime. " from: Khalil Khalil, RN peace Baghdadi Read more: http://www.sotaliraq.com/mobile-news.php?id=67098#ixzz22ntQO5F8

Thanks Carrello for the post. The only problem solvers in the whole bunch are the Kurds. here is another related article. Kurdish forces combine to form a body to negotiate with Baghdad 06.08.2012 | (Voice of Iraq) - add comment - (Rn) met the political parties in Kurdistan, on Monday evening in the building of the Parliament of Kurdistan, in order to form a body to negotiate with Baghdad on the outstanding issues. correspondent agency Kurdistan News (Rn), that he "started this evening in the building of the Parliament of Kurdistan, a meeting attended by Prime Minister KRG Prime Minister Barzani and the two political bureau of the Patriotic Union Barham Saleh, Mullah Bakhtiar, and Iraqi Deputy Prime Minister Ruz Nuri Shaways and Second Vice-President of the Iraqi Parliament Arif Tayfur. " and added that "the meeting is aimed at the formation of the negotiations on the province with the federal government in Baghdad." He explained that the "The heads of the opposition blocks (change and the Islamic Union and the Islamic Group), and the Secretaries and heads of political parties and the Kurdish political parties also attended the meeting." From: Muhammad Faryad, see: Ihsan Aervani Read more: http://www.sotaliraq.com/mobile-news.php?id=67099#ixzz22nrW9S8V

Hzori: Palestine will host a week and learned Cordillera Arbil movements Abbas 06.08.2012 | (Voice of Iraq) - add comment - Twilight News said Consul Palestinian province of Kurdistan, on Monday, said his country will host the cultural week Cordillera soon, pointing out that he briefed the Parliament of the region on the movement of Palestinian Authority President Mahmoud Abbas to gain full membership of the United Nations. said Nazmi Hzori in an exclusive interview with "Twilight News" that he discussed with the President of the Parliament of Kurdistan ongoing preparations for the establishment of a cultural week Kurd during the coming period in Palestine. This came after a meeting with the President of the Parliament of the region Arslan Baez and his deputy, Hassan Mohammed AL and the number of heads of parliamentary committees in Arbil. added Hzori that the week is expected will be attended by a number of writers and poets Kurds who have written at different stages of the Palestinian cause, noting that his country is seeking through a cultural week in the "consolidation of the relations the Palestinian flag." He also briefed the Parliament of Kurdistan Iraq on the movements of his government in obtaining the membership is full at the United Nations after failing to win full membership because of the American position. He pointed out that his visit "was to inform the Parliament of Kurdistan on the prospects for the political situation and direction of President Abu Mazen (Mahmoud Abbas) to the United Nations to install the membership is full of the State in Palestine at the United Nations because of the U.S. position that deprived of membership the full. " p B / M c Read more: http://www.sotaliraq.com/mobile-news.php?id=67103#ixzz22nqYWONG

Thanks JayLee, I'm thinkin a dollar sixty ish, but I like the way you think!

Hey keep. I can't post the site to where I found this, but I thought you might find it interesting. 2012-04-16 Baghdad/JD/…The parliamentary Foreign Relations Committee alluded to the possibility of the approval of the US Congress to extend the protection of Iraqi funds deposited in banks and approximately 64 billion dollars for one year. Attorney, said Committee member Imad John l/JD/that “the US side agreed to extend the protection of Iraqi funds abroad and Congress has opposed the extension of the duration.” John said that “ethnic funds need extension because Iraq did not graduate from item VII”. He noted that “the outstanding files with the State of Kuwait and other chemical and nuclear activities by the former regime are all you need for the international community to exit inclusions Iraq from Chapter VII.” “America’s previously occupied to Iraq either now is the rule dealing with Iraq as two complementary”. He is a member of the Foreign Relations Committee “that good relationship with America and developed the development towards the interests of Iraq.” And away end us protection on Iraqi funds deposited in banks only (34) days, which Iraq failed in persuading the Government to extend protection to Obama would be vulnerable to looting by the judge of compensation claims by the malicious characterised by the Iraqi Central Bank and the Economic Commission of the Cabinet demanded the Prime Minister and the Foreign Ministry to address us President Obama about the possibility of extending the period of protection for these funds in another. Special Ministerial Committee to develop a mechanism to ensure the protection of Iraq’s money in the twentieth meeting Wednesday chaired by Deputy Prime Minister روژ Nuri Shaways, the presence of the Ministers of finance, oil and justice and financial oversight of the chef and the Governor of the Central Bank of Iraq and I am planning the ministries of Foreign Affairs and legal adviser to the Prime Minister and Advisor to the Deputy Prime Minister. The Commission deliberated pursuing actions and steps to protect Iraqi funds and assets deposited abroad, especially with the imminent expiry of the protection provided by the US presidential resolution of such funds and assets until next May. The Commission, inter alia, resolutions and recommendations to be carried in by making a recommendation to the Council of Ministers to make a formal request on behalf of the Government of the Republic of Iraq by United States Government Foreign Ministry for a new presidential decree provides protection for Iraqi funds for new year from 20 may 2012 according to the Central Bank of Iraq, the decision of the President of the United States Barack Obama, the Iraqi funds abroad under us protection, preventing any judicial decisions freezing or confiscation under a compensation claims Debt decisions by companies and lifted, this protection would continue until the 20th of May next. The Central Bank estimated the size of these funds is great there are several billion dollars distributed in a number of States, in addition to the Iraq Development Fund which contains the oil sale proceeds that vary between 8 $ 16 billion, and there is also a $ 52 billion dollars of funds belonging to the Central Bank established in US banks as a cover for the Iraqi currency and are not subject to freezing decisions. Central Bank and confirmed by Deputy appearance of Mohamed Saleh said Iraq is capable of protecting its funds abroad and owns all means defensive stand in Iraq conditions exploiters, and what happened after 1990 to sue as his compensation in huge amounts, stressing that Iraq is not responsible for the policies of the former regime, as committed to follow up such cases confirms that most submitted I tried to find the origional source, but could not.

Probably the same guy who wrote the notorius April Fools Joke this year.