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SULAIMANIYAH, Kurdistan region 'Iraq', — Following the recent decline in Iranian currency transactions, almost $500 million USD (585 billion IQD) of Kurdistan Region's businessmen has gone missing, head of Sulaimaniyah Chamber of Commerce and Industry said. Sirwan Mohammed told AKnews there is a group of Kurdish businessmen who gave their assets to four Iranian counterparts, The money was meant to be remitted through Iranian banks out of the country. "But the Iranians have taken the money." Other Kurdish businessmen remitted their money through the Central Bank of Iran to the National Bank of Dubai. But the money has not been transferred and the businessmen face bureaucratic obstacles. The official added the chamber will meet the businessmen with missing assets to clearly identify the problems and ensure Kurdistan Regional Government KRG is informed in order to find a solution.

The Central Bank of Iraq expects the average annual income in 2012 will reach almost $6,000 (7 million IQD), up from $5,200 (6 million IQD) in the previous year, according to AKnews. The deputy governor of the CBI, Mudhar Mohammed Saleh, said the estimate was made based on the governments planned investment in oil and economic projects in the coming year. According to UN reports there are still seven million people living below the poverty line in Iraq despite the fact that the oil rich country is now exporting 2.5 million barrels of oil per day.

the question is do these country's hold dinars ? and thats why they forgive this much money

ABU DHABI // The UAE will cancel Dh21.3bn in debt owed by Iraq, Sheikh Abdullah, the Foreign Minister, announced yesterday after a meeting with his Iraqi counterpart. Sheikh Abdullah and Hoshyar Zebari also discussed regional issues, confirming that sending Arab troops to intervene in Syria is on the agenda of next week's Arab ministerial meeting. They stressed the importance of diplomatic dialogue between the region's countries and Iran over the impact of closing the Strait of Hormuz on the oil market. Media escalation of Iranian threats to block the Strait of Hormuz "is not to the benefit of the region or the stability of the oil market", Sheikh Abdullah said. "We know the world economy is passing through a crisis and we all know as producers, and other countries that are consumers, that we should look through the technicalities of the oil market, not only by securing the straits but also through speculation - it all should be looked into more seriously." The Iraqi foreign minister described the issue of trusting Iran as a "big crisis" . Iraqi officials have been sending letters to Iran warning it of the risks of closing the strait, especially in maintaining oil market stability. "We don't want to [resolve the issue] through military forces but through dialogue and calming the situation," said Mr Zebari. He thanked the UAE for writing off his country's debts. "The relations between the two states did not stop [in the past 10 years] but today we started the official framework of co-operation," he said. "We thank the UAE for cancelling the debts on Iraq, which was a very heavy burden." In a surprise move in 2008, the UAE wrote off almost US$7bn worth of Iraqi debt left over from the era of Saddam Hussein. The debt, consisting of loans and grants, dated back to the 1980s, when Gulf states lent money to help Iraq during its long-running war with Iran. Iraq and the UAE are among nations who have sent monitors to Syria. Iraq has sent 33 observers as part of the Arab League's monitoring team and provided armoured vehicles for transport. The UAE has 12 observers and it is not considering withdrawing them or adding to them, said Sheikh Abdullah. The ministers said the next Arab ministerial meeting would be held on Sunday in Cairo, following the meeting of the Arab League's committee on Syria on January 2. They will discuss Qatar's suggestion to send foreign troops to intervene in Syria. When asked if the UAE favoured such a move, or what its primary interpretation is of what the meeting would decide, Sheikh Abdullah said it depended on the suggestions and discussions that would be made. Sheikh Abdullah said regional unrest greatly worried the UAE and Iraq and was discussed during their meeting. Commentary: Time for Iraq's leaders to get serious Last Updated:Jan 11, 2012 Other Arab editorials also comment on Saleh's immunity terms in Yemen and the risk of war over closure of Strait of Hormuz. Arabic News Digest The ministers described their military relationship as strong, but said it had to be improved. Trade between Iraq and the UAE reached more than US$4.5bn last year, they said. The next Arab summit will be held in Iraq but a date has not been confirmed. Meanwhile, Mr Zebari said the recent summoning of the Turkish ambassador to Baghdad was due to comments made by Turkish officials, who intervened in Iraq's internal situation. "We appreciate very much our relationship with Turkey as our top trading partner in the region ... but it is important to let them know how far can this go, especially when we have internal difficulties," he added

Predicted for the economy and invest in the House of Representatives to reach the general budget for the year 2015 more than 200 billion dollars. A member of the Committee Deputy Yousef al-Tai in a statement »morning»: The «is expected to witness the year 2015 budget explosive, thanks to increased oil export», calling for the need to invest and exploit optimally the investment sector in promoting and supporting the private sector. He described the Tai next stage as a stage «important» in the history of Iraq, where a turnaround job within the country, considering that this stage will be of nature purely economic view of the dominance of the economic file on the Iraqi scene after the withdrawal of U.S. occupation forces him, especially during the coming years because of budgets large and how direct these funds and invest them properly.

jmo i dont think we will see any lower denoms until they agree on a goverment, if they dont agree then i think the kurk's will form thier own state and split iraq into 2 states

Called on the Finance Committee in the House of Representatives, and the Ministry of Finance to expedite the launch of the financial allocations to ministries and provinces, vowed to hold accountable those responsible for the delay to the detriment of the advancement of the country. The head of the Finance Committee of the Parliament Haider al-Abadi, said the Ministry of Finance launched the financial allocations to ministries and provinces immediately, especially the allocations of the Ministry of Health. Abadi added that the Finance Committee will carry those responsible for the delay the launch of the customizations full responsibility for violating the budget law is explicit. . And reached the general budget for the current year 0.81900000000 dollars deficit of $ 13.3 billion will be covered by the amounts retained from the previous year's budget, borrowing internally and externally, while the operating expenses $ 56.4 billion, while the total investment expenditure $ 25.4 billion, based on the rate of 76.5 dollars per barrel of oil at a rate of 2.0002 million barrels a day, including 100 thousand barrels of the Kurdistan region. The Ministry of Planning, announced (22 of September 2011), that the financial budget for the coming year 2012 will range between 112 and 120 billion dollars will be allocated 35% of the budget investment and thus will be the second largest financial balance in the Arab world after Saudi Arabia

Ministry of Culture announced, Wednesday, that it will begin next Wednesday, the distribution of amounts of the second part of the bonuses of journalists, writers and artists.The head of the Supreme Committee for incentive bonuses Taher Hamoud told "Shafaq News", "Rafidain bank in Baghdad and branches in the provinces will start from next Wednesday, the second part of the distribution of bonuses to journalists, writers and artists."He did not give more details on the subject, or the deadline for the payment of such bonuses.Iraqi culture had begun distributing the first part of grant on journalists and writers and artists the middle of last month, one million dinars for journalists, and a million and two hundred thousand dinars for writers and artists. According to statistics issued by the Ministry of Culture, the number covered by the incentive bonuses for 2011 was 19 thousand and 220 journalists and intellectuals and artists see photo r they loading money to a card?

Under the draft resolution's terms, how long can the United States and Britain retain control of Iraq? Until an "internationally recognized, representative government is established." There is no set time limit, though after one year, the United Nations may review the situation and could revoke its blessing of the U.S.-led authority.

Hours the number of fingers and spin clockwise to turn the last page of the year 2011, which culminated in tangible successes against the results of a shy but hopeful and encouraging to move forward towards economic reform is required. Renewed hope and consensus suggests that the year 2012 will be between Faisal went on stage and the stage hastily draw the desired path to overcome the economic challenges diagnosed paint a road map after the identified weaknesses. Combines most of the economists in the world that Iraq will emerge as the largest economic power, and these expectations loomed Ptbachireha headlines in newspapers quoted by the global economic insights of experts and interested parties and stakeholders and their expectations for this role is expected. So then, the picture is incomplete for Iraq and the economic role of regional and international, and this task requires providing the requirements of affordable and successful. Achievements during the year 2011 in two important areas first heralds of the results of oil contracts and licenses reflected in a significant increase in oil production by 400 thousand barrels per day, that the accounts were going in the right direction and the second is the ability of politicians cash to maintain a stable exchange rate of the Iraqi dinar over the year. What is the role of Iraq's next? here to return to ever start to see the experts in the world that Iraq will appear as an economic influence, this expectation embodied in the under regional and international situation and the transfer of trade from Iraq and the global financial crisis and the collapse of the euro and the expectations of others. هنا Here we take the challenge and grow Bamadaminh need to pause and assess for this role and how to deal with him. And performance requirements of this role Faw port and free economic zones and accepted by the infrastructure of the logistics support for these facilities and then reconsider the law of the national investment and expand their role annexation Free Zones Authority and the customs have to be integrated body and solid in its performance and cut off the overlap in the powers and unify the laws the law of one. When that happens the investment revolution accommodate all the major development challenges such as unemployment and the poverty line and the standard of living and the reconstruction and rebuilding of Iraq and alleviate the problems puppies. Prepared by some of these challenges are considerable and could be really great, but we see solutions easier if there is new administration planned and that the laws of an integrated economic legislation, accompanied by the rule of law. . With all of the above also need to make informed economic culture experiments countries that managed to overcome similar challenges.

Move the owner of "Kia" his view between the street and the paper of 250 dinars ... examined by a good and groping surface for fear of being pasted tape transparent ... extended his hand to the back to return it to its rightful owner "possible change", asked the young driver of the old man who covered his face (b Chmagh) south did not show a thing of the features is his nose flat! ... removed the scarf from his mouth, "Lish is that I maker", waving the "quarter" in the air as if he wanted to come down from dinars, which saddled the paper and torn into three sections and collected dressing ... and begin Comments passengers crammed together in the car the Korean small between supporters and refuses to exchange torn and damaged, and out of them five hundred dinars, painted black, and another woman indicate paper cash to the driver refer her (1000) dinars, written on it in verse! Dialogue currency damaged! The spread of paper currency damaged has become one of the daily problems and room for discussion and perhaps for a fight sometimes between taxi drivers and buses with passengers, and between Albesttiyat, customers and even bakeries and ovens became experiencing this problem, often the beggar refuses currency shattered. Probably do not realize many of us over the symbolic banknotes, which increasingly so wrong practices, from the style of writing them by some lovers and researchers on the areas of dating, they are turning the paper to the wall is free by writing numbers and verses and Abu Veat ... or some accountants and treasurers in the banks who transferred the money for notebooks and record No. "hardship" on them, leading to improper storage by some in places other than the health of the currency paper, at a time of declining to use the wallet for under the money to let alone repeated in the sinuses, most of the denominations and the private value of the 250 and 500 and 1000 dinars, lost part of their specifications by frequent use, loss of cohesion and became dilapidated and Mthrih, or been cut, cutting, burning from the corners. He says the owner of "Kia": It's not a day goes by without there being a problem or more with the passengers because of torn banknotes, adds Muhammad (33) years, "the passenger when attributed to him the rest, which usually consists of small groups refuse to take it torn. . and thus became obliged to refuse I also received - Currency shattered - of the passengers. " He pointed Jafar - earner and moves daily between New Baghdad and the Sinak - that the bus fare is 750 dinars, so there is always a problem! . He adds "the presence of paper currency damaged caused us a lot of problems, when we go to buy our needs re-seller for us and torn banknotes are connected but we are facing many problems and difficult in the disposal, whether by the shopkeepers or drivers Kia. I receive the safest and ...! In contrast, owners of banking companies change your foreign currency to the Iraqi torn, which refuse to recognize the banknote local in the opposite case, the Messenger of Abdullah, the owner of a shop selling Mobaillat Street in spring confirms that it turns the Iraqi to the dollar, and vice versa in almost every day, and deal with companies banking and the transfer of funds specializing in this regard, and they refuse to recognize worn Iraqi currency in return when the discharge must be silent when the papers torn! Employees are also receiving banknotes damaged and sometimes forged, and they do not find an outlet marketing of the discharge are not entitled to object to the fund trustees their constituencies on the type of currency or shape. Says magic government employee that the people of the accounts in our departments official have the answer to a classic use it always in the case of protest against the damage paper currency, "this is the responsibility of government banks, which we received the papers!" في! Illustrating the government employee that he last received a salary every month TDs which leaves torn, while the banks refuse to government or private or a lot of shopkeepers in the market received it, adding, "I receive sometimes from fifty to a hundred thousand dinars from the category of (1000 ) and most of them are corrupted and do not know where Asrvha?! . On the other hand, the currency is also witnessing fraud, particularly currencies, large sources in the Interior Ministry said earlier that it had arrested a number of persons of Iranian nationality in southern Iraq in possession of a quantity of the Iraqi currency counterfeit, explained: "This is not the first time that the cast arrested by the Iraqi people who are not in possession of forged currency, it was preceded by the arrest of other Iranian groups in the province of Sulaymaniyah. The Director of Customs Region IV in Basra to Brigadier Khalaf Badran, "it was recently set forged Iraqi currency has been entered from one of the neighboring countries in huge quantities to Basra and from different denominations." He said: "The defendants insisted during the preliminary investigations with them that they had entered through one of the neighboring countries in possession of millions of Iraqi currency counterfeit," and added: "The currency of a ten thousand dinars was rigged perfectly large can not be detected by the average citizen except through a detect fraud, while the currency of the category of twenty-five thousand, it can find out where the fraud by having a blue color, since it is very clear and so the quality of the paper to be normal. " . He continued: "The amount of currency was pumped into Basra," and urged citizens to make sure during their daily source of the currency. Currencies especially for officials and VIPs! The question remains is received by our representatives and ministers coins torn or is it just a simple problem employee?! With some managers and important merchants and contractors are treated in a special way when they enter the doors of banks, since they receive millions of class five and twenty thousand dinars, did not touch one, not traded in markets ... while the poor who are waiting for one hundred thousand every month by the smart card within the grant social protection network, they receive the crumbs of the currency! من. On the other hand, there is a saying in the case of our currency has been torn apart and clean and is spread by the writings and figures that he will lose the cash value traded and difficult to reach and perhaps refused to accept it completely. Indicates Tawfiq Salim, professor of economics at the University of Baghdad he was not aware of who would be responsible for the citizen to raise awareness of the injustice of our currency? . Adding that "developed countries to respect its currency, cash, especially leafy ones, are always keen to keep its currency in circulation continuously ... authorities financial tracking policy organization in the control of its currency and there is continuing action to withdraw the currency damaged and replaced, because the attention - as described by sound - the national currency civilized behavior, one of the indicators of the sovereignty of States. Banks and conditions There are conditions at the banks in the case of receipt of the currency which is not to be torn into three pieces, and are not signs of oil or blood, or be buried in earth. "Stresses Hanan Mohammed employee in a bank of good" that the refusal of banks received banknotes torn subject to the regulations of the Central Bank " , adding that if for some amount of damaged currency can be changed at the central bank, versus taking the $ 10% of the total value. " . Furthermore, the central bank announced earlier he was working on a new version of currency in 50 thousand dinars and coins small in both Arabic and Kurdish to address the liquidity in Iraq. . The appearance of the central bank adviser Mohammad Saleh in a press statement: The Central Bank decided to introduce coins as part of his plan to restructure the currency, which require the approval of the government and the House of Representatives because it will contribute to a strategic plan to support the value of the Iraqi dinar in the financial trading. He added the move is part of the restructuring plan the development of banks and currency coins of banking financial transactions to support the Iraqi economy. He said: Summarized functions of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as regulate the banking sector, noting that the draft coins in 2004 was not successful because it has not been according to the comprehensive reforms to support the financial value of the Iraqi dinar in the global market. وأش. Saleh pointed out that the coins are not low, but will be the currency of currencies important medium which is used for simple banking transactions in the trading of the Interior. . He was the central bank announced last year that he decided to restructure the local currency in order to develop the payment system in the country. He International Monetary Fund support for the Iraqi economy in the event of his a number of economic measures, including the privatization of banks and raising three zeros from the local currency and meet debt and reparations, which lies the responsibility of Iraq. The government has denied any change in the local currency this year in order to reduce inflation. The local currency has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was a symbol of the former regime. ! Neglected money! In contrast, there are unofficial statistics indicate that about ten million Iraqi dinars neglects to deal with them daily, according to the belief that it is not valid for use, and this means that there are thirty million maximum average only in Baghdad! Official statistics say that Iraq and Kurdistan provinces of Basra and Mosul are at least a rejection of the currencies of the damaged or moderate damage in economic transactions daily! And statistics add to the provinces of Amara and Nasiriyah are the most rejection of these currencies, traders refuse categorically to deal with small groups! Staff of Salahuddin province, do not accept the receipt of their salaries currencies small, even if it were not damaged, and some sources say the Ministry of Finance: The percentage can be replaced from the currency damaged in the bank by the banks does not exceed 30 percent of the overall proportion of damaged in the markets and the citizen, asserting that it is not true that banks re-currency itself to the citizens without conversion to the central bank to replace it, and the sources pointed out that the mechanism used and currently in force confirms that branches of the government banks destroy those currencies torn, or delivered to the Central Bank, and the proportion of damage If allowed traded in the market, the bank returns to the circulation, and if the ratio of the bank substantial damage to either destroy or return it to the bank again. Mr. JD Date It is worth mentioning that in 1932 took Iraq from Britain, and issued in the same year that the Iraqi dinar replaced the Indian Barabah rate of 1 dinar = 13 rupees, and the Indian Rupee is the currency before that official in Iraq since the British occupation during the First World War. . After the occupation of Iraq by the British forces in the First World War, the occupation authority made ​​the Indian Rupee as the official currency instead of the pound, the Ottoman Empire. In 1931 the Council decided to establish the responsibility of the Iraqi currency be issued special Iraqi currency, and issued the first version of the dinar in the reign of King Faisal I in the first day of April 1932. . After the revolution of July 14, 1958, the Central Bank of Iraq issued new currency notes and coins, bearing the logo of the new republic, and issued a new currency of paper currency in the years 1971 and 1973 and 1978. The Iraqi dinar has suffered a steady deterioration in value with the beginning of the Iran-Iraq war, where it has fallen from 3.3 dinars to the dollar in 1980 to about 4 dinars to the dollar in 1988. . After the invasion of Kuwait and the end of the second Gulf War and as a result of the blockade and the lack of ability to make the Iraqi dinar, which was printed in the printing houses of Switzerland, began the former regime to print the Iraqi dinar in printing Iraqi lacked the necessary technology for the printing of currency attributes of good, led to the spread of extensive fraud Iraqi currency. . After 2003, the Coalition Provisional Authority to issue Iraqi dinars new and was printed in the Press Dallarro in Britain, and was printed with good specifications are difficult to falsify were used in all parts of Iraq including the Kurdistan region, and has a currency exchange where the Replace each dinars printed in Iraq or China. a new Iraqi dinar, the Iraqi dinar, printed in Switzerland Vtm replaced with 150 new dinars. The categories of the new currency 50 250, 1000, 5000.10000 to 25,000 dinars, and designs similar to the designs issued by the Central Bank of Iraq in the seventies and early eighties of the last century, as they were not Iraqi currency bearing Saddam's image. 500 د. The paper was issued a class of 500 dinars in 2004, and in 2005 issued the Central Bank of Iraq currencies cans, the category of 25 dinars and 100 dinars a class, but did not circulate widely. As a result of the low value coins, poor circulation among citizens has been withdrawn from circulation in 2009.

Secretary-General Ban Ki-moon said he was satisfied with Iraq's continued transfer of five per cent of its oil proceeds to the Compensation Fund, in compliance with a Security Council resolution, but called for auditing successor account to the Development Fund for Iraq (DFI). In a report to the Security Council circulated late Tuesday, Ban expressed "appreciation to the Government of Iraq" for its maintenance of the mechanism for the transfer of the five per cent of oil proceeds, "and its continued cooperation with the Compensation Commission." However, he added that "while all the indicators are positive and suggest that the Government of Iraq is compliant with its obligations, only after an audit has been conducted on the successor account to the Development Fund for Iraq will it be possible to confirm this conclusion." Ban said the Governing Council of the Geneva-based Compensation Commission has been "actively monitoring" the developments following the expiration of the mandate of the International Advisory and Monitoring Board (IAMB) for Iraq on June 30, 2011, and the transfer since then of the oversight, control, reporting, and use of Iraqi oil export revenues to the Iraqi Committee of Financial Experts (COFE.) COFE has appointed the US firm, Ernst Young, to conduct the 2011 audit of the Development Fund for Iraq and its successor account. He said the Head of the Compensation Commission and the UN Controller met, last July, with the Head of COFE who "reaffirmed that the arrangements for the transfer of five percent" of the proceeds from all export sales of Iraqi oil and gas "would remain unchanged." Ban also recalled that the Iraqi Government said, in an April report, that it would "consult the UN Secretariat on in-kind payments" of its oil and gas export sales "with a view to finding a transparent mechanism to ensure that the equivalent of five per cent of such transactions is deposited in the Compensation Fund." He said the Head of the Compensation Commission and the UN Controller stressed to the Head of COFE when they discussed the in-kind payment, during the July meeting, that "if Iraq will be engaging in such transactions, a proper accounting mechanism must be put in place to ensure that five per cent of their value is recorded and an equivalent amount transferred to the Compensation Fund." Ban said the Compensation Commission reiterated this position to the Iraqi Government, last August and again last October, and "is awaiting confirmation from COFE that such a mechanism has been put in place." He said that since COFE took over the oversight function of the Iraqi oil sales from the IAMB last June, Kuwait received from the Compensation Commission two payments of more than one billion dollars each: the first was on July 28th and the second on October 27th. Kuwait, he added, is expected to receive the next payment, of the same amount, on the 26sth of this month. The UN Compensation Commission was set up by the Security Council in 1991 to process claims and pay compensation for losses resulting from Iraq's invasion and occupation of Kuwait in August 1990. Compensation is payable to successful claimants from the that now receives five per cent of the proceeds from Iraqi oil sales. (end) .

Supported by some members of the committee the financial statements of the President of the Finance Committee representative Haider Abadi, about the lack of importance of taking the observations of the International Monetary Fund in the budget because it is a consultative body, no more, and the other varied opinions between the Iraqi and the National Alliance of Trade and supporter, as shown existing Iraqi dissatisfaction with the remarks Abadi observations confirmed that the International Monetary Fund in the interest of Iraq and the National Alliance, and found there was no objection to the statements of-Abadi. تقرير : ولاء شاكر Report: loyalty Shaker المتحدثون: Speakers: د. D. هيثم الجبوري / عضو اللجنة المالية البرلمانية Haitham al-Jubouri / Member of the Parliamentary Finance Committee نبيل حربو / النائب عن إئتلاف العراقية Nabil Hrbo / MP for the coalition in Iraq د. D. فاطمة الزركاني / النائبة عن إئتلاف التحالف الوطني Fatima Alzerkane / MP for the National Alliance, a coalition

Lifting of the House of Representatives of 11 of its second legislative term to next Thursday, after the place, headed by Speaker Osama Najafi, and attended by 176 representatives and MPs from the province, the Iraqi List. The reporter Fayhaa The House decided to postpone the second reading of the budget bill for 2012, to Saturday, stressing that the decision to delay came at the request of the Finance Committee, adding that the meeting saw the first reading of a draft law on Iraq's accession to the Convention establishing the Organization for Plant Protection in the Near East and Seed Act and seeds. . This session saw the withdrawal of the Kurdistan Alliance MPs in protest at the MP Hussein al-Asadi of state law against the President, Jalal Talabani, and demanded an apology and Kurdish members decided to return to session after the withdrawal of Representatives for the National Alliance and provide a written memorandum. Report / / Mohammed Jabbar Speakers Mohsen Saadoun / / MP for the Kurdistan Alliance D. Ali Alfalh / / MP for the State of Law Coalition إبbahim Rikabi / / MP for the National Alliance

MP for the cluster white Mayahi Aziz Sharif government filed a complaint to the United Nations to stop the compensation paid by Iraq to Kuwait every year because of Gulf War II. Said Mayahi told him the Information Office of the block and network received Iraq's law a copy of it: "the Iraqi government to take necessary on the submission of a complaint to the United Nations to stop the compensation paid by Iraq to Kuwait by the former regime, invading in 1990, which bear the consequences today, the Iraqi people without face right. " He added: "The millions of dollars Ahderha Iraq a year in compensation to Kuwait, which is indispensable for the money withheld unfairly from people suffering a large segment of it from poverty and lack of services," adding: "This money was worth it to spend on development projects to help boost the Iraqi economy and the unemployed. " Mayahi and called on the government to "pursue all avenues that may lead to stop these damages, including also resort to international arbitration to resolve this matter."

BAGHDAD - Babinaoz (Reuters) - A senior source revealed that there has been a secret negotiation taking place between the Commission staff and the U.S. Defense Department and Iraqi officials to end the file of the receivables of Iraq and the amount of $ 17 billion, which proved to be not fully spent in the period that took the Pentagon File Manager Development Fund for Iraq's reconstruction projects. According to «the future of Iraq», the possession And complete documentation on the case file mentioned and which reached the corridors of the UN Security Council turned it into a form that the Shura Council of the Iraqi and American and international accounting experts to audit the topic proved by documents that the U.S. embezzlement of more than 9 billion dollars. The source hinted that «there is an intention to settle the government's file amount». Referring to the «delay efforts to pave the way for the file and adapt it in line with the rest of the amount of $ 25 million only». http://translate.google.com/translate?hl=en&ie=UTF8&sl=ar&tl=en&u=http://www.babnews.com/inp/view.asp%3FID%3D48297

Expected economic researcher star Hussein Iraq to become the largest player in the market The world's oil, especially in the dialectic of prices during the next ten years. The Star, according to the Agency (news): Iraq has oil undistributed Strategically significant, and is expected to witness the discovery of new oil fields And distinctive and high quality in all governorates of the country, noting that the IMF report on the oil and gas in Iraq, was based on old data and Mmsouhat. He called the star to a new survey and accurate In addition to studies prepared by Iraqi experts and international companies as well as studies in order to enable Iraq to explore the fields and oil wells, a new, more of the figures mentioned by the report of the Fund, the World Bank's oil and gas in Iraq. He pointed out that the star . Iraq will be of great powers in the field of oil and oil policy management in the world and be effective the first global oil prices during the next ten years what Iraq is now owned by large strategic oil reserves, and called exploitation is well and accurately. He noted that the most prominent challenges facing the oil sector in Iraq, is the difficulty in the transfer of oil technology, as well as the political problems that hamper the work of oil companies operating in Iraq. The IMF report on oil and gas have pointed out that Iraq possessed of oil amounted to 143 billion barrels of reserves have been identified (200) million barrels could be extracted from the other and will lead the Iraq oil-producing countries can influence the global markets. . Announced to the Iraqi Oil Marketing Company (SOMO) for Statistics Iraqi oil production during 2011, noting that export earnings amounted to about $ 83 billion for the whole year. The head of the Iraqi Oil Marketing Company (SOMO), Falah al-Amiri said that "export revenues amounted to about $ 83 billion for the whole year." And the oil wells are usually vulnerable to armed activities, often lead to major damage, some of which to a halt in oil exports, while the back of the Directorate General of Oil Police, Interior Ministry's reasons for these operations to the small number of guards and the lack of the Directorate to the new technologies, as promised to the losses of such explosions equivalent to its annual budget. He Amery that "the average Iraqi oil exports amounted to 2.165 million barrels per day last year, while the average sale price of $ 104.90 a barrel." . It is said that the Commission on Security and Defence revealed to "Twilight News" last October about plans for groups armed to target pipelines carrying Iraqi oil, pointing out that the system intelligence does not have the ability to provide information proactively to reduce the recurrence of security breaches. . As revealed Director General of Police Major General protection of oil Abdullah Ibrahim, according to "Twilight News", about starting a plan for the protection of oil pipelines through the air, pointing to the existence of formal correspondences with the concerned authorities for the supervision of his Directorate on all these flights. . Meanwhile, Brent crude settled above $ 107 a barrel as it shattered the rise of the dollar and rising U.S. crude inventories, the impact of Iran's threats to close a vital corridor for oil trading. Brent rose 14 cents to 107.70 dollars a barrel, after tumbling nearly two dollars a day earlier. Brent and cut down last week's rally lasted six consecutive sessions. Light, sweet crude rose 23 cents to 99.59 dollars a barrel. The euro fell to its lowest level in ten years against the yen and the lowest level in nearly a year against the dollar last Thursday After he scored a surprise fall in the previous day, with his inflated because of poor liquidity at the end of the year.

the parliamentary Finance Committee confirmed, on Monday, that there will not influence from the current political crisis on approving the budget in 2012, pointing out that the parliament will discuss the transfer of the unannounced projects to the provinces to work on their achievement.It is scheduled that the House of Representatives to discuss to the budget in 2012 in its session to be held on Tuesday,. "The adoption of the budget will not require political consensus, and this issue is far from the disputes and outstanding issues, and it is settled between the political parties," The member of the Finance Committee Amin Hadi said in an interview with "Shafaq News" noting that "the Finance Minister Rafi’e al-Issawi called the House of Representatives to speed up the approving the budget in 2012. There are no objections from the Iraqia List, in this regard. " "There are some observations from the coalition of Kurdish blocs on some paragraphs of the budget and will be discussed in the House expecting that the budget will be passed by the House of Representatives within this month." Hadi added . The Iraqi government has approved the Federal Budget for the year 2012 .It valued at $ 100 billion, an increase of 22 percent from the previous year, with a shortfall of about $ 13 billion, as revealed by the parliamentary finance committee. The operating budget reached 70% of the 2012 budget.

ANKARA,— Concerned with the increasing possibility of a sectarian partition inside fragile Iraq, Ankara has delivered a message to Shiite PM Nouri al-Maliki to “live up to his promises” to equally represent all factions in Iraq, while sending another to Washington to urge the US to “refrain from indulging” the Shiite leader. In the face of escalating sectarian tension inside Iraq, Ankara has recently issued multiple messages to Baghdad and Washington, sounding the alarm about what might occur in Iraq in the post-US period, the Turkish daily Sabah reported. The daily claimed that Ankara got in touch with US officials, warning them against “spoiling” Maliki, who took charge of the Iraqi government after years of trying to reconcile the Sunni, Shiite and Kurdish blocs in the country. Turkey also warned the US of “the increasing possibility of Iraq being partitioned,” which would seriously jeopardize security in the region, Sabah noted. In the wake of a Shiite bloc move against senior Sunni officials in what appears to be an attempt to strip them of their power to increase Shiite dominance in the coalition government, Ankara reportedly contacted Maliki to urge him to keep the promises he made when he rose to power and protect the multicultural structure of Iraq. Turkish officials further called on Maliki “not to meddle in Syrian politics,” on the grounds that the sectarian situation in Iraq is not connected to the situation in Syria, which is experiencing a bloody uprising to force a change of power in that country. Maliki promised that he would be the voice of all Iraqis when he became prime minister, comforting the masses that Iraq would not fall into sectarian or ethnic strife when the US left the country. A day after US troops left in early December, Maliki issued an arrest warrant for the top Sunni official, Vice President Tariq al-Hashemi, saying he had paid his bodyguards to assassinate rivals some years back, but Hashemi’s defense suggested that the charges are politically motivated to defame him. When Maliki asked parliament to fire his Sunni deputy, blaming him for “Saddam-like aspirations” against the country’s unity, the Shiite move to hoard power turned into a campaign that Sunnis interpreted as a threat against the members of the sect. Sunnis started leaving Shiite or mixed population neighborhoods in fear of becoming targets of attacks,www.ekurd.net the Associated Press news agency reported on Monday. Days after the arrest warrant, multiple bombings rocked Baghdad, killing dozens and injuring even more, all the while giving the initial signal that Iraq could see more deaths as conflict between sects continues. The sectarian conflict in Iraq also dealt a significant blow to Turkey, which relies heavily on the Iraqi route for its economic ties to the Middle East, given its measures against Syria, blocking its only other alternative route for transportation. Warning that Turkey’s door in the south might close if Iraq -- already a dangerous area -- becomes more hazardous after a possible partition, expert and academic Mensur Akgün voiced concern that Turkey’s ties with the semiautonomous Kurdish administration in the north will need fine tuning, the daily Taraf reported in an interview on Monday. “If Iraq falls apart for a reason that lies outside the Kurdish bloc, Turkey will have to recognize a Kurdish state in Iraq’s north,” Akgün was quoted by Taraf as saying, as he justified the logic of such a move on Turkey’s increased need for stronger connections with the Kurdish administration when Sunnis and Shiites wage a sectarian war in the rest of the country. Predicting that the Kurdish administration would stay out of the sectarian strife to maintain stability, Akgün suggested that an unlikely alliance has arisen between the Kurdish administration and Turkey, “sides the West did not believe would concur.” Turkey in the past had an icy relationship with northern Iraq, from where outlawed Kurdistan Workers’ Party (PKK) members infiltrate onto Turkish soil and launch attacks that have claimed tens of thousands of lives due to the terrorist group’s aspirations for an autonomous Kurdish zone inside Turkey. After the US intervention, a politically organized Kurdish administration emerged in the north, warming up relations with Turkey in the fields of economy and politics, while assisting the country’s fight against PKK terrorism. Since it was established in 1984, the PKK has been fighting the Turkish state, which still denies the constitutional existence of Kurds, to establish a Kurdish state in the south east of the country, sparking a conflict that has claimed some 45,000 lives. But now its aim is the creation an autonomous Kurdish region and more cultural rights for ethnic Kurds who constitute the greatest minority in Turkey, numbering more than 20 million. A large Turkey's Kurdish community openly sympathise with the Kurdish PKK rebels. PKK's demands included releasing PKK detainees, lifting the ban on education in Kurdish, paving the way for an autonomous democrat Kurdish system within Turkey, reducing pressure on the detained PKK leader Abdullah Öcalan, stopping military action against the Kurdish party and recomposing the Turkish constitution. Turkey refuses to recognize its Kurdish population as a distinct minority. It has allowed some cultural rights such as limited broadcasts in the Kurdish language and private Kurdish language courses with the prodding of the European Union, but Kurdish politicians say the measures fall short of their expectations. The PKK is considered as 'terrorist' organization by Ankara, U.S., the PKK continues to be on the blacklist list in EU despite court ruling which overturned a decision to place the Kurdish rebel group PKK and its political wing on the European Union's terror list.

Union: the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh said that "the central bank put continuing studies of how to use new technologies in banking," likely that during the next three years will be the banking business in Iraq is different from what it is now. . Revealed Mohammed Saleh told the (news) about the existence of a study at the Central Bank using a new technique called 'banks telephone ", that is, the process of converting the bank account are made by your mobile phone" Mobile, "noting that" (80%) of the citizens do not deal with banks in the process of bidding farewell to convert their accounts, "but there are (80%) of the citizens have a mobile, so this technique was introduced by mobile. . "The study is still a list and think about how to control this technology, do you by the telecommunications company itself or introduction of a new company specializing in this work in collaboration with telecommunications companies in Iraq," stressing that the monitoring and follow-up work done by the Central Bank. . Saleh pointed out that the system of divided national or so-called "key national" When are direct him will open cabins for the withdrawal of funds in public places, but this process needs time to use it because it is not easy to put money in the street and Iraq is still not secure. . He acknowledged the deputy governor of the Central Bank of the existence of deficiencies in the education and guidance of the citizen, noting that this process needs the concerted efforts between Iraqi banks and the Central Bank as well as the media to educate citizens and encourage the use of these technologies. . For their part, stressed the specialists in banking need to introduce modern technology in the banking field, similar to some of the advanced countries of the world, as it facilitates the work of Iraqi banks, calling for the importance of developing outreach programs and awareness of the citizen in order to know how to use this new technology. The director of the Association of private banks Abdulaziz Hassoun that "the process of using new technology in the work of Iraqi banks is very important as it facilitates the exchange of instruments and payments among themselves, as well as it will help get rid of the mass withdrawal of cash through the bank balance and turning." Hasson pointed out that "the central bank for the banks created an electronic communication system is connected to communications between banks, but things need some technical arrangements in terms of credit cards and set up electronic networks among themselves." The banking expert said Mohsin Ali on the importance of accelerating the introduction of new technology in the work of Iraqi banks, as knowledge balance the bank by cell phone, or to withdraw funds through the cabins are available in places and public squares, similar to some developed countries, as it facilitates a lot of things on in the banking . He said that "some of the conditions of Iraqi banks, especially community does not allow the introduction of such new technologies as a process dependent on electronic technology and ignorant of many of these techniques, this process needs to have plenty of time to work out." . The other hand, central bank sales in the opening of its weekly, Sunday, a rise of up to $ 293 million in the auction for the sale and purchase of foreign currencies, the highest rate of sale since the beginning of this year, which is a continuation of the process of pumping currency in order to bring the exchange rate to rates, after rising the past two weeks. The bulletin issued by the bank that "the total volume of demand on the dollar stood at 293 million and 990 thousand dollars, covered by the central bank at an exchange rate basis was 1170 dinars to the dollar." . And exceeded the central bank sales over the past week quarter million dollars a day on average, after the exchange rates of U.S. dollar, a high figure for the average Iraqi market needs of the dollar, which range between 150-180 million dollars. . The exchange rate increased during the past two weeks to up to 1235 dinars per dollar back to 1210 dinars per dollar, after it was between 1190 and 1200 dinars per dollar during the past few months. . Specialists, which attributed to the influence of citizen concern about the U.S. withdrawal, which resulted in savings in foreign currency in case of any emergency security, while the Central Bank commented on the high exchange rate, saying that "price bubble" resulting from an internal cause of concern is the citizen of the retreat of the security situation because of the circumstance security and political, and turned the Iraqi trader and broker to re-export of goods due to regional conditions and thereby increase demand and high price of the dollar. . But at the same time the Central said that the exchange rate will not be back soon, because of the ability of the Central Bank to pump large amounts of foreign exchange to the domestic market thanks to the large cash reserve, which enjoyed.

One of Erbil's major streets circling around the citadel in the city center, Kurdistan region of Iraq. Photo: joaleitao.comDecember 31, 2011 ERBIL-Hewlêr, Kurdistan region 'Iraq', — The provincial administration of Erbil, Iraqi Kurdistan’s capital, has allocated neatly 120 million Iraqi Dinars (US$100,000) for the decoration of streets and public places on New Year ’s Eve. Authorities in Kurdistan’s second largest city, Sulaimaniyah, say they plan to use items from last year’s decorations while Duhok officials have not dedicated any budget for the New Year celebrations. In the past several years, Erbil has paid attention to preparations for the New Year. Tahir Abdullah, Erbil’s deputy governor said it has become a tradition in Erbil to celebrate the New Year. The atmosphere in Ainkawa, Erbil’s Christian neighborhood changes dramatically during Christmas and New Year’s holidays. Ainkawa’s streets and alleys have already been decorated. Jalal Habib, the government administrator of Ainkawa told Rudaw that $50,000 have been spent on decorating the district for the Christmas and New Year’s celebrations. In Sulaimaniyah, Omar Mahwi, head of the city’s municipality said parts of the city, particularly the famous Salim Street where major festivities are expected to take place,www.ekurd.net will be decorated. Mahwi told Rudaw that the city spent around $50,000 last year for New Year decorations and this year funding would only go organizing celebrations. But in Duhok that is home to a sizable Christian community the authorities have not appropriated nay budget for New Year celebrations. Majed Sayed Salih, Duhok’s mayor, said, “Every year, the city’s Christians decorate some of the streets; therefore we did not think it was necessary to dedicate any budget for that purpose.” “The local authorities will only facilitate the work of the Christian volunteers,” Salih added. Salih said that Dohuk does not have to do what Erbil and Sulaimaniyah do. Clerics have criticized the marking of the New Year in Kurdistan, rejecting it as un-Islamic. But Erbil’s deputy governor said, “We make preparations for other festivities such as (Kurdish new year) Nawroz, the Islamic New Year and Prophet Mohammed’s birthday.” On major occasions as the New Year and Nawroz, tourists head for the Kurdistan Region from other parts of Iraq and neighboring Iran. Kurdistan tourism authorities aim to turn Kurdistan into a top tourist destination in the region. Nadir Rosti, a senior official in Kurdistan Tourism Board said that as many as 25,000 tourists are expected to visit Kurdistan for the New Year. He said hotel and restaurants owners have been advised not to exploit the occasion and raise their rates. Abdullah, Erbil’s deputy governor, said major New Year celebrations in Erbil will take place in Shanadar Park and Erbil’s millennia-old citadel. Meanwhile, concerts and other activities will go ahead in as many as 100 halls, clubs and restaurants in the city.

ERBIL-Hewlêr, Kurdistan region 'Iraq', — Saman Sabir Barzani, Kurdistan Regional Government KRG Massoud Barzani’s nephew and the proprietor of “Zagros Company”, lugged twenty million USD dollars in company with his family through Erbil International Airport to the United States, according to a critique published by Kurdistan post website. Major Sirwan Ali Reza, Erbil International Air port director, revealed that this is the 4th time over the course of that last 3 months that Saman Barzani has transferred millions of dollars to Gulf, Europeans states and United States. According to confirmed accounts by airport officials, Barzani has dispatched fifteen million to Paris and another twenty million to Lebanon just since last month. Saman Barzani has allegedly purchased a villa worth of millions in the state of Virginia, USA. Masrour Barzani, Chief of KDP intelligence services, (the infamous Parastin), has commissioned an investigative panel to probe 20 Airport staff members pertaining to the leaked information. Many KRG officials are implicated in conducting illegal activities in Ankara, Lebanon, Swiss, US and Germany. Money laundering, prostitution, gambling, and embezzlement top list. In 2008, US government’s officials had intercepted 50 million US dollars in New York Airport, belonging to Patriotic Union of Kurdistan. Funds were released later to Quabad Talabani,www.ekurd.net Iraqi President Jalal Talabani’s son and KRG representative to the US, after Bahram Salih, the incumbent premier in Iraqi Kurdistan Region, had to call Washington and verify the finances.

ERBIL-Hewlêr, Kurdistan region 'Iraq', — Kurdistan Regional Government President Massoud Barzani is wrapping up the last phase of establishing an independent Kurdish state, according to an inside source from Sare Rash, Barzani's palace complex. In a telephone conversation with U.S. President Obama, Barzani maintained that should the political process fails in Baghdad, his administration would instantaneously proclaim an independent Kurdish state. President Barzani relayed the message to his Turkish counterparts through Turkish consulate in Erbil. On December 23, 2011, a special delegation made up of senior Turkish military and intelligence officers landed in Sare Rash to hold talks with President Barzani in this regard. Further cooperation in field of energy was also discussed in this secret meeting

EU, Iraq sign partnership agreement 22 Dec. 2011 European Union (EU) on Thursday authorized the signing of a partnership and cooperation agreement with Iraq. According to an EU press release, this agreement will mark the first ever contractual relation between the two sides, and provides a legal framework covering issues from regular political dialogue to trade relations and regulatory cooperation, and development assistance. "The agreement underlines the EU's determination to play a significant role in Iraq's transition and will be the main vehicle for the EU's support to Iraq and further enhancement of EU-Iraq relations," said the statement. Last Sunday, the last batch of U.S. combat forces in Iraq departed and crossed into neighboring Kuwait, marking the end of nearly nine-year military presence in the war-torn country

December 23, 2011 In a series of coordinated explosions, more 67 people were killed in Baghdad and another 200 critically injured just in a single day, today, according to statistics published by various Iraqi media outlets. The US troop’s withdrawal has barely ended. A renewed sectarian war is on the horizon; One that the US will no longer be able to resort to its military muscles to enforce peace or use its wisdom to mediate among the warring political and religious Iraqi factions. Both Allawi and Al-Maliki have exchanged harsh rhetorics, and pinned the blame on one another for the recent escalating tensions. Alawi called for international efforts to circumvent the Shi'ite premier from triggering renewed sectarian warfare of the kind that killed tens of thousands in the years after Saddam was ousted in 2003. In retaliation, Al-Maliki has warned Sunnis could be ostracized from power in Iraq. Many observers are predicting the onset of a fresh bloodier Shiite-Sunni Civil war in Iraq. Some argue even that it could even lead to a wider sectarian war engulfing the entire regional Muslim countries. Iraq was ruled for almost 8 decades by minority Sunnis till 2003. Both Kurds and the oppressed Shiites Arabs were subdued by Sunni Arabs throughout the history. Now that the Shiites,www.ekurd.net constituting almost 65% of population, hold the upper hand, the once-dominating Sunnis believing that they will face marginalization and subjugation, are turning to violence as their last viable alternative to resist. Grasping the substance of this historic opportunity, Iraqi Shiites are seizing the prospect to build a stable Shiite dominated Islamic nation in Iraq, particularly one that is reinforced by the presence of vast oil in its southern Basra district, with the help of neighboring Iran. The Shiites have dominated Iraqi Army, and the Sunni have engaged in insurgency since 2003. Both sects are perilously armed and seconded by certain foreign countries, seeking their peculiar interests. Shiite-Sunnis animosity has lingered for almost 1400 years and will continue so. 9 protracted years of unrewardingly striving to coerce a group of distinct people with no similarities in common to coexist has finally proven to be the wrong strategy from the very inception. Iraq is heading toward absolute disintegration. Neither the American philanthropist intervention nor the peace efforts of certain states can contain the situation from further exasperating. One million Iraqi have been killed so far. One million human lives! In order to salvage more lives from being futilely wasted, it is in the common interest of all relevant parties to peacefully implement the popular blueprint of fragmenting Iraq into three mini-states.