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GM Butifldrm here another CBI issued a number of decisions for the development of national Alavtsad Published on Tuesday, 11 January 1 / December 2012 11:35 | Written by: sa-fa | | | Views: 32 Baghdad/ Obelisk: Bank took place on Tuesday, a number of decisions in an effort to develop its performance in monetary policy and support the national economy in order to ensure the stability of the Iraqi market. The bank said in a statement received "obelisk" a copy of it, he "took a number of decisions in the framework of the keenness and the pursuit of the Central Bank of Iraq in the development of his tools in the monetary policy and support the national economy the stability of the market." The statement pointed out that "the bank had decided to encourage Iraqi banks (Baghdad, credit and Mansour) in the first phase and include later all banks licensed to open letters of credit and funded by the Central Bank of Iraq according to a mechanism designed for this purpose, in addition to the continuation of these banks in the entry window sale of foreign currency (currency auction ). " The statement added that "the Bank has decided to increase the share auction weekly and granted to exchange companies and money transfer by 100 thousand dollars to exchange companies who increased their capital and the requirements of the Iraqi Central Bank actually to 500 million dinars dinars, while not increasing the quota to 150 thousand dollars for the money transfer companies who increased their capital before the date required by the Central Bank of Iraq actually to fifteen billion dinars. " The statement pointed out that "the bank also decided to increase the quota to 125 thousand dollars for money transfer companies who increased their capital by the requirements of the Central Bank of Iraq to ten billion dinars." The statement noted that "the Board of Directors authorized the Iraqi Central Bank Governor the power to reduce the sale price of the dollar and of 1179 dinars to the dollar to enhance the value of the Iraqi dinar based on market demands." The CBI said, on the eighth of December, the current, on the application of the plans to control the stability of the Iraqi currency in local markets and the amount of hard currency in circulation. The central bank held the Iraqi weekly auction of five meetings from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar. The Commission on Public Integrity issued a decision to arrest Iraqi Central Bank Governor Sinan al-Shabibi, on charges of exercise corruption in daily currency auction, with another arrest warrant was issued against the deputy governor of the Bank the appearance of Mohammed Saleh after accusing him of participating in operations administrative and financial corruption in the same file. http://www.almasalah...9%86%D9%8A.html Read more: Let's hope when he says reduce it means it going to 1000 then we can go Live!! IMO

Decline in central bank sales of the currency auction Tuesday Published on Tuesday, 11 January 1 / December 2012 14:15 | Written by: SA-FR-AR / B | | | Hits: 18 BAGHDAD / obelisk: sales fell CBI dollar in the auction on the sale and purchase of foreign currencies, Tuesday, where an estimated 200 million and 23 thousand dollars in cash with 202 million and 911 thousand dollars achieved in the last session and covered the central bank at an exchange rate basis was 1166 dinars per dollar. The bulletin auction bank that the aggregate demand for the dollar distributed $ 28,950,000 in cash, and 073 000 171 dollars in the form of remittances fully covered by the bank foreign exchange rate was 1179 dinars per dollar, including the central bank's commission amounting to 13 dinars per dollar. The bulletin indicated that the 24 participating banks at today's auction did not make any offers to sell the dollar. The central bank held the Iraqi weekly auction of five meetings from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar. http://www.almasalah.com/index.php/2012-06-25-12-38-33/3775-%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D9%85%D8%A8%D9%8A%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D9%84%D9%85%D8%B2%D8%A7%D8%AF-%D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D8%A7%D8%A1.html

Vice chest: Iraq has not seen any repairs after the abandonment of the draft to withdraw confidence [Audio] Tuesday, January 11 1 / December 2012 14:56 [baghdad where] MP for the Liberal block of the Sadrist movement Awad al-Awadi, the situation in Iraq has not seen any improvement in the reforms, after the abandonment of the project confidence. Prime Minister Nuri al-Maliki, and given an opportunity to reform and said al-Awadi told all of Iraq [where] today, that "the subject of withdrawal of confidence was the subject of a reformist, was not directed against a particular person was asked to withdraw confidence from the Prime Minister Nuri al-Maliki to change the course of action the government to provide services to the people." and added, "it was to wait on the subject of no-confidence to give a chance to the government for the reforms, but we have not seen any improvement in this matter, but on the contrary, the government several things are against the people, including the decision to cancel the ration card, and the Maliki filed a lawsuit against the allocation of 25% of the budget to be distributed to the people, as well as a close associate of al-Maliki tarnishing the image of alliances and declare hostility to the Kurdistan region. " and that "all these reasons enough because we in any project poses on the scene to change the political status quo." and was several blocks and political leaders have threatened to withdraw confidence from the Prime Minister Nuri al-Maliki after being accused of exclusivity power and the outbreak of the crisis political because of differences between the blocs about things concerning the management of the state and the agreements concluded between them and against which formed the current government. while a firefighter spark confidence after proposed National Alliance issuing paper sweeping reforms of the state and the political process as well as the initiative of the President of the Republic of his intention to gather together the blocks in the meeting national resolve differences, making the subject of withdrawal of confidence from things excluded, and was now after the strained relationship between the governments in Baghdad and Erbil. Yet the absence of effective solutions to the political crisis and not to hold national meeting saw the relationship between Baghdad and Erbil tension against the backdrop of events in spend Tuz in Salah ad Din province which saw clashes between elements Forces Command Tigris and individuals to protect personal Kurdish eastern city of Tikrit, the center of Salahuddin province, and resulted in the clashes, killing one civilian and wounding a number of elements operations forces Tigris. ended. experiencing relationship between the Sadrist movement led by Moqtada al-Sadr and Prime Minister Nouri Maliki severely strained and exchanged in the criticism and accusations, most recently criticized. chest to the owners about Russian arms, while Re-Maliki to the criticism, describing it as "worthless," according to a statement of the owners and called the Office of Martyr al-Sadr in Rusafa of Baghdad supporters Sadrists to demonstrate today against Prime Minister Nuri al-Maliki on the back of his recent statement that downplayed Sadr data on the number of political files, including his criticism of Russian arms deal. http://www.alliraqnews.com/index.php?option=com_content&view=article&id=61164:2012-12-11-11-06-43&catid=41:2011-04-08-17-27-21&Itemid=86

Central Bank decides to allow Iraqi banks to open letters of credit Author: HM Editor: SS Tuesday 11 k 1 2012 10:24 GMT Alsumaria News / Baghdad Central Bank of Iraq, Tuesday, for allowing the Iraqi banks open Alaatmadt documentary, while also decided to increase the share auction weekly and granted to the exchange companies and money transfer, also made ​​a decision authorizing the Governor of the Bank to reduce the sale price of the dollar as the market demands. , the bank said in a statement issued today, and received "Alsumaria News" copy, "The Board of Directors decided to encourage Iraqi banks approved to open letters of credit and financing by the Bank in accordance with the mechanism designed for this purpose and continuity in the entry window selling foreign currency," noting that "banks are covered Bank of Baghdad, credit and Mansour first stage include later all banks licensed. " the bank said it decided to "increase the share auction weekly and granted to the exchange companies and conversion by 100 thousand dollars for the money transfer companies who increased their capital and the requirements of the bank to 500 million dinars and increasing the share auction weekly by $ 150 thousand for the money transfer companies who increased their prehistoric required by the Central Bank to 15 billion dinars, "asserting that he had decided" to increase the share auction to 125 thousand dollars for the money transfer companies who increased their capital requirements, the central bank to 10 billion dinars. " He pointed bank that also decided to "authorize the Iraqi Central Bank Governor validity reduce the sale price of the dollar and of the present 1179 dinars to the dollar," adding that "the aim of this is to enhance the value of the Iraqi dinar and the requirements of the market." and provides instructions Economic Committee of the Council of Ministers convert all appropriations for the ministries of more than four million dollars to Bank of Iraq trade with the transfer of funds of less than four million dollars to private banks, which are distributed by activity according to the classification of banks by the Central Bank of Iraq. as Article 28 of the Banking Act 94 of 2004 that No bank shall be exercised or participate as an agent or partner or owner, wholesale trade, singular or manufacturing processes or transport, agriculture or fisheries, mining or building or re-insurance, or any activity or other work is licensed. states that in light of the spread of private banks in Iraq, which amounted to more than 30 banks, but these banks did not play a pivotal role in the process of economic development in Iraq due to lack of capital, and most government departments do not deal with private banks due to lack of confidence in the private sector in general and banks Eligibility in particular. http://www.alsumarianews.com/ar/iraq-business-news/-3-52771.html Section 5 – Rules for the Conduct of Banking Activity Article 26 General banking principles 1. Banks shall conduct their administration and operations in a sound and prudent manner and in accordance with the requirements of the law, any conditions and restrictions attached to their banking licenses or permits issued by the CBI, and the regulations, guidelines and orders issued by the CBI. 2. Banks shall: maintain adequate capital and liquidity; make adequate provision for depreciation of assets, for discharge of liabilities, and for losses; maintain adequate accounting and other records of business; observe sufficient and effective risk controls; and ensure that their assets are diversified as to risk of loss. 3. The CBI shall, by regulation, prescribe detailed standards of conduct for banks which the CBI shall apply in its prudential supervision in accordance with international standards and best practices. 4. The CBI shall issue regulations specifying how the operational requirements specified for banks by the provisions of this section, and in regulations issued by the CBI thereunder, apply to banks and their subsidiaries on a worldwide consolidated basis. 5. Banks shall not establish group structures that hinder the exercise of effective supervision. The CBI may issue regulations specifying rules regarding affiliates of a bank, in particular, concerning the requirements for transactions between banks and any affiliates that are not subject to consolidation in the preparation of financial statements. 6. The CBI shall issue regulations specifying how the operational requirements specified for banks by the provisions of this section, and in regulations issued by the CBI thereunder, shall apply to domestic branch offices of foreign banks. 7. Whenever an administrator of a bank discovers that the capital of the bank is less than the capital required by law or by regulation of the CBI, the administrator must promptly notify the CBI thereof. 8. The CBI may provide guidance, including by means of establishing rules for good business conduct, or specify by regulation rules to ensure the banks’ good relations with their depositors and customers. Article 27 Banking activities 1. A bank may engage in the following activities subject to the terms and conditions of its banking license or permit: a. receiving money deposits (in the form of demand deposits, time deposits or other types of deposit) or other repayable funds, bearing interest or not; - 25 - ANNEX A b. extending credits (whether secured or not by collateral or liens), including without limitation: consumer and mortgage credit; factoring, with or without recourse; financing of commercial transactions, including forfaiting (purchasing negotiable instruments at discount without recourse); and financial leasing services; c. buying and selling for its own account or for the account of customers (including underwriting and brokerage services) of any of the following: money market instruments (including checks, bills of exchange, promissory notes and certificates of deposit); foreign currencies and precious metals; exchange and interest rate instruments; stocks and other transferable securities; and forward contracts, swap agreements, futures, options, and other derivatives relating to currencies, stocks, bonds, precious metals or interest rates; d. entering into contingent commitments, including guarantees and letters of credit, for its own account and for the account of customers; e. providing clearing, settlement and transfer services for money, securities, payment orders and payment instruments (including checks, credit, debit and other payment cards, travelers’ checks; and bank drafts, wire transfers, and pre-authorized debits and credits); f. money brokering; g. safekeeping and administration of valuables, including securities; h. providing trust services; i. providing services as portfolio manager of securities or as financial adviser, agent or consultant; j. providing financial information and credit reference services; and k. anything that shall be incidental to the foregoing and such other activities, not prohibited by Article 28, as the CBI may by regulation authorize as banking activities. 2. The CBI may, in its discretion, and subject to such conditions as it may stipulate, require banks to conduct certain banking activities through separately capitalized subsidiaries that are wholly or majority-owned by the relevant bank. Article 28 Prohibited activities No bank shall engage in or participate as an agent, partner or co-owner in wholesale or retail trade, manufacturing, transportation, agriculture or fisheries, mining, building, re-insurance, insurance underwriting or other business activities except for activities that are authorized by - 26 - ANNEX A Article 27. Notwithstanding the foregoing, and with the prior written approval of the CBI, a bank may temporarily carry on or participate in the carrying on of such activities to the extent necessary to obtain satisfaction of claims, provided that the CBI may require the bank to cease such activities by a date specified in the license or permit. http://www.cbi.iq/documents/banking_law_f.pdf

Talabani stresses the importance of US-Iraqi relations in the light of the Joint Convention Editor: AA | HL Tuesday 11 k 1 2012 11:54 GMT President Jalal Talabani and Vice Foreign Minister George Thomas Naides Alsumaria News / Baghdad confirmed President Jalal Talabani, on Tuesday, the importance of relations between Iraq and the U.S. in the light of the agreement signed between the two countries, while The Deputy U.S. Secretary of State's keenness United States on stabilizing Iraq. Talabani said in a statement issued today, on the sidelines of a meeting with Deputy Minister U.S. Foreign Management and Resources Thomas Naides and the U.S. ambassador in Baghdad Stephen Beecroft his office in Baghdad, and received "Alsumaria News" copy, "it was review the overall developments in Iraq and the region." and confirmed Talabani "the importance of relations between Iraq and the U.S. in the light of the agreement signed between the two countries , and consultation on important issues and developments in Iraq and what is happening from the changes and events in the region. " For his part, Deputy U.S. Secretary of State Thomas Naides "The United States is keen on Iraq's stability and development path of the democratic experiment under way in the country in light of the political process," stressing the need to "national dialogue and understanding between the various parties and to help overcome the problems." http://www.alsumarianews.com/ar/1/52778/news-details-.html

GM K98 Great article..Maybe they need a Voter Id or Pay Id card as well!!

Ahmad Chalabi: The Government Spends Money The Country On Issues We Muftkaddon Her BAGHDAD - News Network Iraq - The President of the Iraqi National Congress, Ahmad Chalabi, "the expert in embezzlement," which is one of the worst Iraqi politicians at the present time that the government is spending money the country on issues we Muftkaddon him and said that " the budget cabinet is twice the budget of the Ministry of Labour and social and more of the budget of the Ministry of Planning b / 20 / time, and we find that the budget of the Office of Prime Minister over budget and the Ministry of Communications b / 5 / times, and also increase the budget of the Ministry of Planning b / 11 / time ", adding that" in combination Iraqi budget, we find allocations security and defense more than the total allocations ministries (health, education, higher education) combined, "noting that" the government is spending money the country on the issue of security, defense and we Vakedon him, "continued the President Congress Party," it means that spending in the budget of the Iraqi state away from needs of the Iraqi people and development issues, "noting that" budgets Iraqi from 2004 to today suffer from inflation enormous ", said," The 2004 budget amounted to / 21 / trillion Iraqi dinars, and in 2005 amounted to / 28 / trillion dinars, and 2006/45 / one trillion , and 2007/42 / trillion dinars, and in 2008/80 / trillion, and in 2009/50 / trillion, and year 2010/61 / trillion, and 2011/80 / trillion, and 2012/102 / trillion, and 2013/112 / one trillion Iraqi dinars, "and pointed to" articles / 23 and 25 / in the budget bill in which the destruction of the private sector, companies are public sector are exempt from taxes import and income and customs duties, while the private sector expensive to pay taxes in addition to customs duties, and costing all ministries buy from other ministries It is not the private sector, by contrast, most of the purchases in Iraq is a government procurement ", stressing said, that the installation of the Iraqi budget should get the revolution to determine the priorities of government spending in line with the requirements of society. Print News Share it! http://aliraqnews.com/2012/12/%D8%A7%D9%84%D8%AC%D9%84%D8%A8%D9%8A-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D9%86%D9%81%D9%82-%D8%A3%D9%85%D9%88%D8%A7%D9%84-%D8%A7%D9%84%D8%A8%D9%84%D8%AF-%D8%B9%D9%84%D9%89-%D9%82%D8%B6/

Liberal parliamentary bloc condemns "affect" al-Maliki on its leader and says the evaluations are worthless Tuesday, January 11 1 / December 2012 13:24 {Baghdad: Euphrates News} Liberal bloc condemned what it called "prolonged" Prime Minister Nuri al-Maliki on the statements of its leader Muqtada al-Sadr as a "worthless data," pointing out "it is not interested in Prime Minister assessments that are worthless." The spokesman Liberal block bright Naji said in a statement issued by the bloc received and Euphrates News Agency {} copy on Tuesday that "the Prime Minister on Science and sure and understand the importance of these data and how they contribute to calm the atmosphere and preserve the unity of Iraq, its integrity and sovereignty and non-racism and sectarianism among its components and foster a spirit of tolerance and reconciliation between the classes, and how they have contributed to those data in a calm street during the wave of the Arab Spring witnessed by other countries. " He added, "While we deplore when these abuses on a symbol of Iraq, we are not interested in assessments Prime Minister although evaluations are worthless .. and on the assessment of the data and its impact is the Iraqi people because all data Muqtada al-Sadr launched from bases and national sensed the aspirations and orientations sons Iraqi people and express its will and interests and translate the suffering of the people of the situation to deteriorate due to corruption and mismanagement. " Nagy pointed out that "on those data and evaluated the Iraqi people and not the prime minister or the preachers sultans around him." It is noted that Prime Minister Nuri al-Maliki described the statement issued by the leader of Sadr Muqtada al-Sadr on Russian arms deal with "contradictory and is important." The transfer of the Information Office of the Prime Minister Maliki said in replying to a journalist's question about the statement of Mr. Muqtada al-Sadr last about the arms deal "no longer of such data important for being contradictory and soon مايتم coup, where not match words with behavior." ended http://www.alforatnews.com/index.php?option=com_content&view=article&id=27493:2012-12-11-10-20-20&catid=36:2011-04-08-17-25-25&Itemid=54

Block citizen signatures gathered 141 deputies for the inclusion of the law grant students in the budget of 2013 Tuesday, January 11 1 / December 2012 14:28 {Baghdad: Euphrates News} block citizen expressed extreme surprise of the non-inclusion of the law grant students in the budget of 2013, announcing the collected signatures {141} Deputy Listed in the new budget law. The MP said the bloc citizen Aziz Kadhim Ugaili at a press conference in the parliament building attended by the correspondent Euphrates News Agency {} on Tuesday that "despite the vote by members of the House of Representatives majority on the law grant students and authenticate the presidency it so it became valid, but we were surprised not to included on the agenda of the new federal budget for 2013. " "The mass citizen today has collected {141} signatures from members of the House of Representatives for the inclusion of the law grant students in the budget of 2013 because it serves a large segment of society a segment of students that exceed more than {500} thousand students." Ugaili pointed out that "this number of signatures collected today would be imposed on those responsible government and the inclusion of this new law in the federal budget," pointing out that "the mass of citizens will not pass the new budget without passing a law scholarship students." Ended 4 http://www.alforatnews.com/index.php?option=com_content&view=article&id=27501:-141-2013&catid=36:2011-04-08-17-25-25&Itemid=54

In Record Time Thanks krome2ez

Ordering Asadi immediate holding a meeting with leaders of the Ministry of the Interior .. Maliki to repeat the same plan that made him win the previous elections!! On: Tuesday 12/11/2012 12:38 pm Baghdad _ Mohammed al-Hiti Revealed a senior security official close to the Interior Ministry Undersecretary Adnan al-Asadi for information to confirm that Iraqi Prime Minister Nuri al-Maliki ordered Asadi immediate holding a meeting with leaders of the Ministry of Interior. The official said Adnan al-Asadi articulated him that the prime minister wants to repeat the same plan that used in the previous election when he ordered the formation of committees in order to force his election against the temptations of the soldiers and their enemy. He added that the duty of these committees View securities that are placed in the fund requirement does not descend to the Fund not the name of al-Maliki and his bloc. He stressed that the formation of these elves expensive advisers Iraqi Prime Minister Nuri al-Maliki, under the supervision of Adnan al-Asadi. The mention Maliki met before the last election about me formations at the level of division commander and the commander of a brigade of close to him and attended him Adnan al-Asadi, Undersecretary of the Ministry of the Interior and the attendees were: ( A - General Naaman inside , b - Brigadier Jaber Al Jabri , c - Maj. Gen. Hamid Abdullah , w Brigade Hatem Almksusi , T - Major General Adel al-Maliki ) Maliki spoke with them by talking follows: (i which عينتكم and Slmtkm positions and understand that Parliament wants you blocs do not want you and if they came out of the prime minister, the second day you leave Manaspkm needed win in the elections). They told him present at the meeting of our initiative form a committee in each form teams and a brigade and regiment their mission overseeing the ballot own armed forces, the police and we will talk to entrepreneurs campaign CARROT and intimidation of army personnel and officers of the level is faction up from not elected Maliki (expelled from the army) and there scrutiny of names. Adnan al-Asadi has proposed sending number ranges from (6 - 8) element of the Dawa Party, brigades and regiments to coordinate with the committees that will constitute by the leaders of configurations. Speaks brigade detainee ordered to Rapid Reaction Brigade and say: (has (11) Regiment each regiment a population of (700 - 750) and met about me regiments and I told them if they beat Maliki We are staying and if they do not win we departed and brought him through the associate and knowledge (100000) thousand votes In addition to forgery بوقوفنا on the ballot boxes and the final outcome that Maliki won (400,000) thousand votes that way any he got from outside these formations on (200000) thousand votes only and these votes came from support councils who got big money and modern cars and set their sons and relatives in government jobs and officers expressed their willingness to hand over detainees dangerous files belonging to al-Maliki. http://www.chakooch.com/news_view_1346.html

Sources reveal meetings between al-Mutlaq and Karbouli and Maliki The time on Tuesday, 11 January 1 / December 2012 06:46 | | BAGHDAD / Oruz Informed sources revealed the existence of meetings between al-Mutlaq and Karbouli and al-Maliki to study the establishment of a new political alliance to participate in the upcoming parliamentary elections. The source that "political alliance start taking place across a campaign of education of the importance of this alliance with al-Maliki in the next phase in a number of cities west and north of Iraq, especially since the success of this alliance will be the values ​​for these areas and provides profits political, economic and financial as well as access to degrees and careers in the if the success of this alliance, especially since Nuri al-Maliki is preparing itself for the prime minister for the third time. " The same sources indicated that "this alliance is still under study between those political parties and consultation, especially since there are political parties other trying to enter Najafi in this alliance, especially since al-Maliki to stop dam impervious against deducting land of Nineveh and Diyala, Kirkuk and annexed to the Kurdistan region and that is what will increase of their popularity in those areas. " He "said the alliance will be announced in the event has been agreed upon by politicians and get the political consensus after the provincial elections to be constructed in the next April and readiness for the parliamentary elections, especially that of al-Maliki's popularity in central and southern Iraq and al-Mutlaq and Karbouli central and western Iraq and Najafi north of the country what will make it This alliance biggest and strongest of the rest of the political blocs and alliances and closest to the Iraqi street. " http://www.uragency.net/index.php/2012-03-11-16-31-52/2012-03-11-16-33-35/13923-2012-12-11-06-46-57

Shabibi refuses to view the progress of the politicians to resolve the central bank scandal The time on Tuesday, 11 January 1 / December 2012 06:35 | | Amman / Orr News A member of the House of Representatives rejected the former Bank Governor Sinan al-Shabibi, the settlement proposed by the politicians, on one central bank, pointing out that a delegation visited the former Bank Governor Sinan al-Shabibi in Jordan to discuss with him about the settlement. The source said that the delegation assured Shabibi that no liability will not be sanctioned if inside Iraq admitted that he is guilty, noting that lawmakers and politicians will believe he left out of Iraq after that. According to MP, who declined to be identified, the Shabibi rejected the offer made by the politicians, after telling him the delegation, which visited that he must take the corrupt financially billions of dollars since 2006 and until a few months ago, explaining that Shabibi will bear a heavy price, rather than politicians who trying to remove any suspicion about them because of the approaching elections. Shabibi said the rejection of the offer altogether, and told the delegation decision in presence, stressing that he will not sacrifice his reputation for professional politicians are corrupt. Noteworthy that the independent MP Kazem Sayadi said that the results of the investigation in the work of the Central Bank revealed the involvement of six deputies of the Liberal bloc and the Iraqi List in corruption related to money laundering. http://www.uragency.net/index.php/araqiat/2012-04-19-08-07-43/46-2012-04-19-08-09-11/2012-04-19-08-09-17/13921-2012-12-11-06-35-33

Currency Auctions Announcement No. (2272) The latest daily currency auction was held in the Central Bank of Iraq on the 11-Dec-2012. The results were as follows: DETAILS NOTES Number of banks 24 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 200,023,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 200,023,000 Total offers for selling (US$) ----- Exchange rates 11-Dec 1,228 1,166 200,023 28,950 171,073 http://www.cbi.iq/documents/CBI_FOREIGN_EXCHANGE_AUCTIONS.pdf Dollar's exchange rates / in Baghdad markets http://www.cbi.iq/index.php?pid=CurrencyAuctions

Fouzia Kadhim: No One Can Intervene In The Auction, Even If The Central Bank Governor BAGHDAD - News Network Iraq - said Ms. Fawzia Kazim - Associate Director of Anti-Money Laundering Committee auction gets her orders to buy the currency for the purpose of importing Iraqi private sector only through Iraqi banks, and banks are responsible for creating all the documents, in addition to the Commercial Attaché country of origin, where it starts Auction day from 8.30 am until one o'clock in the afternoon because it can enter the auction 27 bank in the auction per no one can interfere auction final, not even the central bank governor and his deputy, we separate service .. and followed Kazim to be investigated with commercial attache in Amman In Dubai, where they believe the lists of commercial incorrect agreement with the Iraqi merchants in exchange for money, and comes menus business certified by the embassy seal neighborhood and sign commercial attache neighborhood, and we have a book of the House of Representatives and the Ministry of Commerce to stop the ratification lists of commercial commercial attache in Amman and Dubai. . reported Kazim, who raised the subject is BSA, and Khalid Hltak Director General of the Anti-Money Laundering, Mr Khalid without taking approval central bank governor was leaking information to the Integrity Commission and to the Parliament and to the other hand you want to hunt any error to Shabibi .. Finally says Kazem all the fanfare that came because the government wanted from central bank reserves and Shabibi refused to give them, and this is a summary of the modern, where the law does not allow him to lend the government of central bank reserves .. Print News Share it! http://aliraqnews.com/2012/12/%D9%81%D9%88%D8%B2%D9%8A%D8%A9-%D9%83%D8%A7%D8%B8%D9%85-%D9%84%D8%A7-%D9%8A%D8%B3%D8%AA%D8%B7%D9%8A%D8%B9-%D8%A3%D8%AD%D8%AF-%D8%A7%D9%84%D8%AA%D8%AF%D8%AE%D9%84-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%B2/

Parliamentary Finance Committee: Completed 90-95% Of The Final Accounts For The Previous Years BAGHDAD - News Network Iraq - revealed parliamentary Finance Committee announced the completion of 90-95 percent of the final accounts of the previous years, while the Ministry of Finance the final accounts for the year 2011 to the Council of Ministers, announced that a member of the Finance Committee parliamentary secretary Hadi, noting that there are some objections to paragraphs certain. Hadi said that a delay in closing accounts due to technical reasons, explaining that there are some passages in previous budgets, which are amortized advances that had delayed the final audit of the final accounts. He Hadi: he has approached BSA by the Council of Ministers to develop a mechanism to extinguish the advances to be after the completion of the final accounts, but the BSA refused to develop a mechanism for this topic, calling to give authority to the government to decide on this issue by lifting the judiciary and make it Zmma financial tracked by the judiciary or that the government turn off the advances in necessary cases as in the case if he received one of the officials advance and Uaah term or that one of the committees received advance what the previous year did not pay. saw Hadi: The final accounts are problems that need time to be resolved, stressing that the Ministry of Finance submitted the final accounts for the years up to the year 2010 to the Council of Ministers and then to BSA with some observations. Hadi called on behalf of his committee of the Presidency of the Council of Representatives summoned the Minister of Finance and Chairman of the Board of Supreme Audit to the House of Representatives to discuss the final accounts, indicating that the late submission of final accounts statements for 2013 stands stumbling block to pass the general budget for the year 2013. On the other hand between a member of the Finance Committee Ibrahim Mohammed Mutlaq: The accounts have been submitted but not yet ratified and this imbalance has existed since 5 or 6 years, noting that there are beneficiaries of non-completion of the final accounts and presented in addition to technical reasons and professional preclude complete accounts Concluding, he added Mutlaq said in previous years there have been granting financial assistance to Iraq from the United States in addition to grants from other countries and some ministries were taking advance in previous years did not shoot it to the state treasury in accordance with receipts legal, noting that in the year past prompted turn off the advances of ministries in previous years but has not been subject approval of the Council of Representatives. stressed committee member to be Dedicated to the Finance Minister and Chairman of Supreme Audit continuous presence inquiries to many of the issues, saying that "there are a lot of proposals that intends deputies submitted by hosting Minister of Finance and Chairman of the Board of Supreme Audit in the House of Representatives, including the development of the regions of any reduced the powers of the ministries and transferred to the provinces, and to take advantage of this building housing the poor, and provide employment opportunities and increase grades, and activating the private sector. Any monitoring balancing large for the private sector to eliminate unemployment and alleviate the burden of the state in question appointments where the state can not be based development degrees and functional and the appointment of all graduates because it is a heavy burden on the budget Batch where that 70 percent of them made to the salaries of employees, "and the center of this image, parliamentary source disclosed that today's meeting will climb Finance Minister Rafie al-Issawi, head of the Office of Financial Supervision Abdel Basit Turki. http://aliraqnews.com/2012/12/%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%A3%D9%83%D8%AA%D9%85%D8%A7%D9%84-90-95-%D9%85%D9%86-%D8%A7%D9%84/

Important Meeting Conducted By Colleague Saad Awsi With Shabandar Confirms Suspicions About The Thief Ali Al-Dabbagh And The Tip Of The Iceberg!! Read The Judge On This Corrupt Government The text of the interview with Izzat Shabandar Shabandar: government spokesman is not close, but an employee in the office of Prime Minister Ali al-Dabbagh lying in toto in everything he said in the arms deal Russia did not want to name prime minister's son in the deal reached Prime Minister names Maevouk (110) accusing deal of Russian weapons-Maliki hit corrupt preemptive strike foiled their access to millions of dollars of money Interviewed by: Saad Awsi .. "Put MP Izzat Shabandar points above characters all مايثار about Russian arms deal contract .. Shabandar revealed that Prime Minister hit spoilers preemptive strike foiled them get (Komhnat) agreed upon with some parties of the Russian side .. He also noted Shabandar in an interview with the independent witness Ali al-Dabbagh did not resign but was sacked and MP for the rule of law, Sami al-Askari said in front of the media better for the tanner to shut up .. He also said Izzat Shabandar, a winning seat head of a coalition of state law in the House of Representatives that the name of the son of al-Maliki did not give among the names that hover around suspicions, although the number exceeded percent name, stressing that the real spoilers in this transaction does not exceed the number in all cases, four people .. " * Shabandar was named in Russian arms deal and not attending the hearings, but a formal statement and statement was issued from the investigative committee that you will you will be a guest .. Russia became the subject of a deal modern media now .. What is the truth in this matter? - The issue of purchase of Russian weapons were given more than it deserves. * How? - There is a reason for that directory before reason this story did not get actual corruption because Iraq did not receive any weapons and did not pay money, but beta Aziedkm of hair that the deal did not originally predicted! * Only on paper?! - .. Until the final signature did not get on the arms deal and sign it first happened .. Usually both parties have the right to audit for a month before signing the final .. Before that solves this month accruing to the Prime Minister verbal data rather than documents not conclusive evidence, but suspicions that this decade marred by some corruption related factors Balamolat .. While this is what should draw attention to in that there is corruption exceeded billions of dollars of public money, corruption and the reality really is the question of the central bank .. So why does not arise upon the hype .. Every sane person must ask himself, especially the press and media that have been involved with the hype while no one asks why the hype on corruption did not happen at all?! * Do distracting public opinion? - More than that .. And distracting public opinion I. .. Same deal explain that there is affected by the Iraqi army that is armed. * Mean aggrieved and afraid? - Afraid more accurately and that there was no reason of this fear that there is a working agenda that the Iraqi army is weak and local police Secondly, There are international parties have no interest that Iraq open to arms market is the U.S. and Western arms .. And also used this issue, which is simple, and there was no corruption. * Are there international media machine working deduced from Iraq? - There downright same implicated raised dust new to this topic and mixed papers and came under new names too far from the story for coverage .. I personally met a few days ago the Prime Minister was surprised and told me I received dozens of names that traveled to Moscow and the real culprit is not among those names! Can you imagine this?! As he asked me about this subject more than two months ago and said .. Why did not you remember me these names? I told him I'll tell you why not to inform you of other names first was not in the hands of the data I do not like to be unfair .. Secondly one of these names does not have a good relationship with me was afraid you to explain this as a result of a bad relationship between me and that person whispers the information you have .. He told me that interesting subject that this name is not among the names that I received! Not surprised, but I am in Moscow! Therefore I say that this big fuss fabricated and therefore the media real national and independent of him newspaper independent witness that we are counting on a lot of truth that gives the real issue size does not it take the largest of its .. Vcefqh weapon is a business deal, whether it is rice or sugar .. And corrupt and who wants to benefit and become rich at the expense of public money does not care that his understanding is that fills the largest pockets of public money would would any other business deal. It is data other that I have during the existence of the technical team in Moscow with some of the people who have sites in the Iraqi state after going technical team lived in a hotel back trying to take advantage of their positions and Krutem after brought them traders Mafia (arms dealers Russian) to the parties Russian on the subject of arms. . And presented themselves as people who are important in the institution of the Iraqi state so Tbagesoa about the deal, and when informed and told the prime minister in this regard has tried to work a proactive effort to stop the deal .. And he went to Moscow himself as stipulated on the Russian side disclosure of the names of corrupt and pay a commission out of exchange, what has happened is informing the Russian side of what happened and the names of those who came to the Russians formally titled. * How many people? - Three people were almost titled official in the Iraqi state rejected Mr. Prime Minister final signature and leave the subject and said I shall revert to my and realize, but this contract must be reviewed as a whole attitude of the Iraqi state and the Prime Minister in proactive purpose to stop corruption in this deal raised uproar around. . Why corrupt central bank chose to hundreds of millions of dollars and did not occur like this media frenzy and conferences held?! * Why did not you come out a certain official says that X and Y are corrupt and they raised this storm?! - There were not conclusive evidence that they are corrupt. And that the Iraqi judiciary wants figures, documents and witnesses. * I did not mean elimination .. I want to stop this powerful media whirlwind. - This has happened before Prime Minister stood to expel that person corrupt and then has replaced most of the team circle military armament, as entrusted the task to negotiate arms is acting Defense Minister pending the investigation and access to the results of the rich evidence. * Known that al-Dabbagh accused and declared names that have been shown by the Prime Minister referring by name .. He said (did not tell me government spokesman corruption exists) - Know that the Prime Minister is not the Chief Justice nor the investigative .. First told the judiciary and the form of the investigative panel and tried to collect evidence. * I've heard you permission to say when you have a file to be submitted to the prime minister ... Why has this file? - Contains some of these names and contains access mechanism on the deal. * Why did not reveal these names?! - Because I do not have conclusive evidence. * What is the value of corruption in the deal? - 10 percent of the total value of the deal, which was $ 4 billion .. Half the Iraqi side and the other to the Russian side. * Does the Russian president's son involved in the deal? - I do not know who is the joint from the Russian side. * Can you now tell us the names involved? - Difficult as it is immoral that I talked to the press about the names without the judiciary. * How Toagafon a major media campaign and spoken by all the media? - I mentioned earlier Malahdav behind this intention, but the House of Representatives received this subject and form two of the security and defense and the Integrity Commission. * Do you go in for questioning in the House of Representatives? - Not Astdaaoua but trading for the purpose of hosting members of the investigative commission .. I do not agree to the presence of any person from the Commission abused by us in the media or personally offended in this campaign. * Like?! - Like Jawad Alshahyla .. Awadi not sure of it, but the Authority know! * Do you exited Dabbagh's remarks as a threat and will reveal the hidden? - All these false allegations and did not hear them .. The military also said to him best for him to shut up! * Do you think that al-Dabbagh scapegoat?! - At all .. This is not true .. Believe me how Prime Minister tried to just suspicion and talk with him .. Because prejudice tanning means compromising the Prime Minister's Office which is calculated .. But this man could not hide his possessions inside, which is not compelled to get out to the media and lie to the Prime Minister had told him say! He says that the Prime Minister asked me although not the prime minister, he did not tell him anything! So why lie Ali al-Dabbagh this claim, and I also told prime minister did not Akzbna versa in the most important meeting of the Political Commission of the National Alliance bloc was to talk about this deal as prime minister told them that Shabandar told me about the existence of corruption in this deal .. And Ali al-Dabbagh lie Prime Minister and claims does not have an indicator to the investigators and observers .. He is compelled to lie .. So why lie? * Is there any name of the prime minister's son in the deal? - Is out of the question .. And I'll tell you that the names that arrived to the Prime Minister than the 110 name. * Real and how many? - Does not exceed (4-5) people. * Are they close to the prime minister? - .. They do not have the relationship with the Prime Minister. * Only Ali al-Dabbagh? - Skinner is not close, but works in the Prime Minister's Office. * How to be close if? - Close to the adoption by the Prime Minister at his advice called close. * Is any government spokesman from the ring surrounding it. - Ali al-Dabbagh close the job. * Do you think this is the first deal involving Ali al-Dabbagh or there are other deals? - I can not judge the Dabbagh do not like to talk about names in the newspapers he writes me on the Internet and weak people buy $ 500 even write various sites! He spoke about me hurt in the Integrity Commission when called a lie altogether. * How Seoul investigation in the Russian deal? - The Russian side presented a document signed by these defendants and say yes there will be something .. There is an agreement signed with the Russian side. * What are the reasons to hide the government for these names? - Reasons dating back to the Russian government's policy. * Now exited the statements of some deputies of the same deal to buy for Iraq from neighboring countries, with half the amount? Is this true? - That's a lie and I regret that speakers do not respect their words and terms of reference of the people and throwing speech Hoaúhm .. Because they are not controlled or Tax. * What is the relation of Abdul Aziz al-Badri deal? - Named because it was in Moscow at that time .. Now the inquiry will get to the truth .. They now want to make sure that it is permissible. * It is possible that he has more than a passport? - Yes .. They have evidence that he traveled to Moscow through passport through information submitting a request to the Russian prime minister does not mean that Abdul Aziz al-Badri partner in the case, there is suspicion and dilemma and there are also accused interrogated. * Why Ali al-Dabbagh resigned? - Ali al-Dabbagh was sacked and did not resign .. The termination of his contract two days before the submission of resignation .. Because before that wanted to show filled he is resigned to mislead public opinion .. May not resign because he is not an employee is a contractor and finish his contract. * What is the motion blur on the central bank file? - The only subject upon which a formal investigation and accused central bank is a file documented picture and sound .. But literal investigative committee is not leaking any news. * Is there including accused senior politicians or parliamentarians? - Yes, there is among the accused senior politicians and parliamentarians as well. * Do you sorted case against unknown? - I do not think will reach into the unknown because it is the reality of material and corruption .. Because this bank sold dollars for the owners of the private banks are selling dollars pay cash or pay Dinars deferred instrument for any work week with state money. * How much time will this issue? - Did not continue my topic, but I see that the Integrity Commission, authorized and follow this issue closely. http://aliraqnews.com/2012/12/%D9%84%D9%82%D8%A7%D8%A1-%D9%85%D9%87%D9%85-%D8%A7%D8%AC%D8%B1%D8%A7%D9%87-%D8%A7%D9%84%D8%B2%D9%85%D9%8A%D9%84-%D8%B3%D8%B9%D8%AF-%D8%A7%D9%84%D8%A7%D9%88%D8%B3%D9%8A-%D9%85%D8%B9-%D8%A7%D9%84%D8%B4/

Economist: high exchange rate of the dollar caused by reduced central bank sales of foreign currency Date: 11/12/2012 12:33:33 Tuesday Baghdad (news) .. Refer economist Salim al-Daini, reasons for the high value of the dollar against the dinar during the current period to the policy of the Central Bank of the new and adopted to reduce sales of the dollar in the auction of foreign currency. said Daini (of the Agency news) on Tuesday: The monetary policy pursued by the interim administration of the Bank Central aims to reduce dollar sales at auction central, the pretext of maintaining monetary reserves located in hard currency. added: that this policy is "wrong" because it does not rely on the principle of balance in the processes of supply and demand to buy the dollar, which increases the demand for the dollar with a view few amounts of hard currency in the market, and thus leads to the high exchange rate of the dollar against the dinar. This testifies dollar exchange rate during the current period slightly higher against the dinar, with a one U.S. dollar (1220) dinars, after it was equivalent to (1180) dinars per one dollar. / end / 8. n. p / http://www.ikhnews.com/news.php?action=view&id=66843

CBI issued a number of decisions for the development of national Alavtsad Published on Tuesday, 11 January 1 / December 2012 11:35 | Written by: sa-fa | | | Views: 32 Baghdad/ Obelisk: Bank took place on Tuesday, a number of decisions in an effort to develop its performance in monetary policy and support the national economy in order to ensure the stability of the Iraqi market. The bank said in a statement received "obelisk" a copy of it, he "took a number of decisions in the framework of the keenness and the pursuit of the Central Bank of Iraq in the development of his tools in the monetary policy and support the national economy the stability of the market." The statement pointed out that "the bank had decided to encourage Iraqi banks (Baghdad, credit and Mansour) in the first phase and include later all banks licensed to open letters of credit and funded by the Central Bank of Iraq according to a mechanism designed for this purpose, in addition to the continuation of these banks in the entry window sale of foreign currency (currency auction ). " The statement added that "the Bank has decided to increase the share auction weekly and granted to exchange companies and money transfer by 100 thousand dollars to exchange companies who increased their capital and the requirements of the Iraqi Central Bank actually to 500 million dinars dinars, while not increasing the quota to 150 thousand dollars for the money transfer companies who increased their capital before the date required by the Central Bank of Iraq actually to fifteen billion dinars. " The statement pointed out that "the bank also decided to increase the quota to 125 thousand dollars for money transfer companies who increased their capital by the requirements of the Central Bank of Iraq to ten billion dinars." The statement noted that "the Board of Directors authorized the Iraqi Central Bank Governor the power to reduce the sale price of the dollar and of 1179 dinars to the dollar to enhance the value of the Iraqi dinar based on market demands." The CBI said, on the eighth of December, the current, on the application of the plans to control the stability of the Iraqi currency in local markets and the amount of hard currency in circulation. The central bank held the Iraqi weekly auction of five meetings from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar. The Commission on Public Integrity issued a decision to arrest Iraqi Central Bank Governor Sinan al-Shabibi, on charges of exercise corruption in daily currency auction, with another arrest warrant was issued against the deputy governor of the Bank the appearance of Mohammed Saleh after accusing him of participating in operations administrative and financial corruption in the same file. http://www.almasalah.com/index.php/2012-06-25-12-38-33/3757-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%B5%D8%AF%D8%B1-%D8%B9%D8%AF%D8%AF%D8%A7-%D9%85%D9%86-%D8%A7%D9%84%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D9%81%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A.html

Parliamentary Legal: You may question the Turkish because it exceeded our mandate and dismissed Shabibi 12.11.2012 | (Voice of Iraq) - Add a comment - Baghdad / Mohammed Sabah said a senior member of parliament's legal committee on Sunday, the parliament has the right to question Abdul Basit Turki, who was appointed head of government, acting governor of the Central Bank, and that after the appearance of the book official has the final dismissal Shabibi and his aides, which is an encroachment on the powers of the House of Representatives in charge of independent bodies. and got the "long" yesterday a copy of the official letter issued by the President of Supreme Audit and the Governor of the Central Bank and Agency Abdul Basit Turki, and ordered the exclusion of Shabibi President Bank and former deputy appearance of Mohammed Saleh, 17 employees other than their job, after the issuance of arrest warrants against them. was Prime Minister Nuri al-Maliki has issued an order on 15 November last spend dismissal Shabibi and his team, and indicate the document published by the "long" day that Turkish issued an order similar as central bank governor and agency, in 25 of the same month. Commission considered legal in the House of Representatives, these actions "include an explicit violation of the constitution, and obliges questioning Abdul Basit Turki and accountability in the parliament" and confirmed that the dismissal or appointment of Governor of the Bank "is one of the powers of the Council of Representatives, not the government or other parties because the bank independent body linked to parliament. " says the document signed by the Turkish "in view of the warrants were issued arrest warrants and investigate Court of competent investigation integrity issues right employees Central Bank, in accordance with Article 340 of the Penal Code, it was decided to withdraw the hand staff based on Article 17 of the law discipline the state and the public sector No. 14 of 1991 amended. " Commenting on the said Prince Kanani member of the Legal Committee in an interview with the "long" that the central bank independent body in accordance with Article 103 of the Constitution, which stipulates that both the body Integrity and the Central Bank, human rights and the Electoral Commission independent bodies linked to the Council of Representatives, and therefore the "issue of dismissal or appointment of any Governor of the Bank be by the House of Representatives, not by the government or Abdul Basit" he said. He said that "the sacking Shabibi and his deputy and staff others are a clear violation of the constitution had to interrogate Abdul Basit and accountability for this offense, "noting that it" outside the boundaries of his powers as governor by proxy, and is an encroachment on the powers of parliament stipulated in the Constitution. " said MP for the Liberal bloc chest that "the Bank Act requires the government and any other non- interference in the work of the bank, whether to draw a fiscal policy or to try to acquire Ctati financial and other things without the approval of the House of Representatives. " said Kanani said that "there is no relationship between the sacking Shabibi and his deputy and the repercussions of the bank and the ongoing investigations in this case, because the judiciary did not give any judgment in this matter so far, "adding that the Civil Service Law," a clear and explicit and does not need to explain He stresses to keep the suspect in the office until a court orders convict him. " and said the "whole issue before the courts and wait for the completion of the investigation and the issuance of arrest warrants against convicted. " in turn, revealed parliamentary Finance Committee, said the investigative mandated by the House of Representatives to consider the issue of the Central Bank reached a "conviction not involving the former governor," Shabibi, and his deputy, the appearance of Mohammed Saleh. said Hassan Salman member of the Finance Committee in an interview with " term "The judiciary has not yet completed investigations in the case of the central bank so far, pointing out that there are court orders would be issued shortly," the right of some MPs and politicians after testing involved laundering money. " and noted that "no right of runs as proxy sacking and exclusion staff installed only after returning to the House of Representatives, as well as the investigation is still continuing. " and added that his committee "will consider this document and then might resort to question Abdul Basit Turki for accountability in this case." Read more: http://www.sotaliraq.com/iraq-news.php?id=80116#ixzz2EhaLjqW7 Might be the right article 17 CBI laws Section 4 – Management of a Bank Article 17 Board of directors 1. The board of directors of a bank shall be responsible for conducting the business and establishing the policies of the bank. In particular, the board of directors shall establish the risk-management standards, investment policies, minimum prudential ratios, accounting standards and internal control systems of the bank. 2. The board of directors shall have not less than five members. The members of the board of directors shall be appointed at the general meeting of shareholders for a period of not more than four years; they may be reappointed for subsequent periods of equal length. At the general meeting of shareholders, the bank’s shareholders may establish the remuneration for members of the board of directors. The board of directors shall select a chairman from among its members. 3. The chairman and all members of the board of directors must: a. possess legal capacity and be fit and proper persons; and b. be at least 30 years old. 4. The majority of the members of the board of directors must have significant banking experience and shall not work full time for the bank. 5. A member of the board of directors may not be a. an administrator or employee of another bank, unless the bank is a subsidiary of such other bank or both banks are under common control, provided that, in that case, such members may not constitute a majority of the members of the bank’s board of directors; or b. a government official who heads a ministry or holds a cabinet position. 6. The members of the board of directors shall act honestly and in good faith with a view to the best interests of the bank. In carrying out their functions, they shall exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. 7. The decisions of the board of directors shall be adopted by majority vote of the members present. If the vote is evenly divided, the chairman’s vote shall be the deciding vote. : http://www.cbi.iq/documents/banking_law_f.pdf Section 15 – Final Provisions Article 103 Applicability of certain laws The provisions of the Public Companies Law or any other law that may replace either of the aforesaid two laws shall apply to banks to the extent that these provisions do not conflict with the provisions of this Law and the Central Bank of Iraq Law and regulations and orders issued there under.

Monday, December 10, 2012 22:34 Moussawi reveals serious facts in the Russian deal file and accusing senior politicians of corruption Font Size Print Email BAGHDAD / Baghdadiya News / .. Head of the Iraq Foundation for Information and International Relations Sadiq al-Moussawi new files on a high level of risk include details deal of Russian arms and the actors involved with, also accused a group of politicians financial corruption and the exploitation of their influence to extort citizens stressing that he was ready to face the corrupt or certificate before a parliamentary inquiry Uwe Interviews televised in front of the public. Moussawi said during hosted in Studio nine o'clock on MBC Baghdadiya and submit colleague Anwar al-Hamdani said, "Izzat Shabandar told him in a phone call, that" Mr. Maliki aware corruption deal before traveling to Moscow, and claims he is to detect corruption deal, a take Trader to meet with Lebanese Prime Minister revealed his suspicions about corruption deal, Shabandar adds that al-Maliki when he meets Bbotn asked him to reveal to him the circumstances of the commission in the deal, and that gives evidence of that .. Putin apologized by giving him any document, but gave him the ID cards for the characters that she claimed to come, with the authorization of the Prime Minister personally ... The cards were both Saadoun al-Dulaimi, and Ali al-Dabbagh, and Abdul Aziz al-Badri, and Majed Al-Qaisi as an intermediary. According to al-Moussawi, the Shabandar acknowledged him the call Altlfonah he has all the information about the corruption of the deal and the names, wondering Moussawi saying: Why does not support al-Maliki on what he has information and present it to an end, and to the defendants to investigate .. Why does not depend on what was said by Russian personal Mr. (Yuri u) who met him (al-Maliki) and put in front of you the details of the corruption that accompanied the deal?. Moussawi saw Maliki's failure to take decisive action against those who hover around them suspicions begin by taking a commission, and the embezzlement of public money would be evidence of two things .. Either he was involved in corruption this deal .. Or that he is weak in the state administration and the fight against corruption .. He in both cases either to settle the matter to exempt all those involved from office and bring them to investigate .. Or submit his resignation to give the clear democratic image. And displays Moussawi what he called clear image of corruption deal reinforcing Russian, saying: "Defendants principal in the deal are three government officials by the Minister of Defence Agency Mr. Saadoun al-Dulaimi, and former spokesman Ali al-Dabbagh, the protocol officer presidency Abdul Aziz al-Badri. And accused Iraqi businessman Majid al-Qaisi, either foreign defendants understand both the Lebanese merchant George Nader and another trader who declined to be named. " And separates Sadiq al-Musawi, who has devoted his best to follow the corruption deal, all those involved who arranged the transaction and commission, saying "when asked Saadoun Dulaimi sick leave was going to London in July 2012 and it encounters Ramadan .. met a man Lebanese businessman who specializes arrange arms deals, and how to arrange commissions and distributed to banks, and after the meeting, he flew Dulaimi to Moscow on July 30 and remained there for twenty-one days, met in Moscow broker the deal Iraqi businessman resident in Belarus named Majid al-Qaisi, and began discuss in order commission and create an atmosphere for the coming of the delegation technician from General Command Army and Defense .. in the meantime presented Abdul Aziz al-Badri to London, a father who lives in Saudi Arabia, are good friends of Dulaimi, and al-Dulaimi had been taken from Saudi Arabia a second home by the fall of the regime to now .. Badri from London Contact Baldhlmy فرتب his Visa from the Embassy Russian from London, we do not know any passport, because Badri has four passports U.S. and Saudi and Joisan Iraqi .. left Badri to Moscow to open accounts in Lebanon, to deposit a portion of the amount of the commission to hide it .. In the meantime, negotiations on the most in Moscow, I miss Ali Dabbagh friend Badri, sent him an email asking him about the conditions in London, came a reply entitled from Moscow, known Dabbagh said al-Dulaimi and al-Badri in Moscow, flew to Lebanon and met with Lebanese businessman George Nader, and entered him in the negotiations, in how to arrange the commission and transferred to banks in Lebanon, and arranged for him to George private plane was going to Moscow, organized by the delegation of the commissions, and presented themselves as representing the Prime Minister of Russian arms company, and it was agreed that the commission, and how they are distributed .. here provided ID card. The question President of the Iraq Foundation for Information and International Relations, fairly and impartially members of the Special Committee charged with investigating the corruption of the Russian deal, calling on the Prime Minister, to investigate their history, pointing out that some of them accused of more than one charge. On the other hand accused Moussawi, chairman of the Parliamentary Integrity Committee Bahaa al-Araji, corruption adding that he has committed many crimes of corruption and blackmail citizens, adding that he tried to enter the line of the deal late, but he could not, bringing the hawk on participants "in the recipe. He went on that "al-Araji, one student traders Iraqis living in Dubai $ 20 thousand U.S. dollars a sit down interview, noting that" the merchant said articulated that Araji Aptzh grabbing $ 120 thousand dollars at the end of the meeting. " Moussawi demanded Prime Minister Nuri al-Maliki to expel his son Ahmad al-Maliki to avoid suspicion as demanded dismissal of corrupt and trial accused of corruption, as a student of Mr. Muqtada al-Sadr dimensions Bahaa al-Araji from thoracic final line in order to preserve the cleanliness of the religious line known. "Finished / 21 h http://www.albaghdadianews.com/politics/item/21765-AkLNYONn-nKyoJ-GjASj-gZnE%D8%A9-Jn-LkJ-AkZHJj%D8%A9-AkENYOn%D8%A9-NnbmL-KBAE-AkYOnAYOnnl-BAkJYOAD.html

You tube included!! Special guest in the ninth studio news and new secrets about the issue of corruption in the Central Bank Read more:

Documents are on the article they won't let me paste them!! Not that we read Arabic!! Just sayiing

Launch trading in shares of Bank of Babylon (before the increase and capitalization) in session Sunday, 9/12/2012 12/06/2012 11:36 Will launch trading on shares of Bank of Babel in session Sunday, 12/09/2012 (increase and capitalization), General Authority has decided in its meeting on 11.28.2012 increase the company's capital (100) million dinars (150) million dinars through the capitalization of earnings (4.592%) and in accordance with Article (55 / II) and IPO (45.408%) and in accordance with Article (55 / I). And the rate is indicative of her first session is (0.840) dinars. The limits will be the proportion of change (50%) at a higher and lower than the indicative price. http://www.isx-iq.net/isxportal/portal/storyDetails.html?storyId=1060&type=2