Sweetybird

April 2, 2012

To trade the financial budget in the 9th month of the current year would make the time period in June 2012. the 2012 fiscal year began October 1 2011. I still think this is a spin article and Iraq cannot wait untill june to R/V....IMO

I really, really hope you're right. I thought it had to RV before Chap. 7 was released in order to have a "tradeable currency." I'm not sure what to think now... :blink:

April 2, 2012

Fatlawi: There is a high-level diplomatic efforts by the government to remove Iraq from Chapter VII

Posted: April 2, 2012 in Iraqi Dinar/Politics

Tags: Arab, Arab people, Baghdad, Chapter VII of the United Nations Charter, Iraq, Iraqi Airways, kuwait, Nouri al-Maliki

Monday, April 2 / April 2012 07:09

Said an MP for the coalition of state law Hanan al that there is a high-level diplomatic efforts and good coordination by the Iraqi government to remove Iraq from Chapter VII.

He said Fatlawi told all of Iraq [where] the day, that “the coming days will witness pursuant to seriously to end the issue of debt owed by Iraq at the same level that the Government has worked by the success of the Baghdad summit,” indicating that “the issue of interest to all Iraqis, one of the most important goals that the government seeks to achieved after the success of the Arab summit. “

She added that “the Iraqi government after it had succeeded in holding the summit in Baghdad, despite the challenges faced at this time, trying very hard to remove Iraq from Chapter VII and an end to this matter fully.”

Prime Minister Nuri al-Maliki paid a visit to Kuwait on 14 of March last-day and one at the invitation of his Kuwaiti counterpart and met the prince of Kuwait and the President of parliament, and held talks with the Kuwaiti delegation headed by Prime Minister During the visit, resolving a number of files, including the demarcation of the border and end the file of Iraqi Airways, with no access to the announcement of the results during this visit for a number of other files which are the most important issue of reparations and remove Iraq from Chapter VII. “

The Emir of Kuwait last Thursday, March 29 is a historic visit to Iraq after a hiatus of 22 years and attended the Arab summit and gave a speech, which gave the impression of improved relations between the two countries and resolve outstanding issues between them, allowing to drive Iraq from Chapter VII

http://bit.ly/H9JdEF

April 2, 2012

Economist warning there is a likelihood of continued inflation in Iraq

Posted: April 2, 2012 in Iraqi Dinar/Politics

Tags: Central Bank Iraq, Index (publishing), Inflation, Iraq, iraqi, Iraqi dinar, Price, Radio Free Iraq

01.04.2012

Warned economists continue to increase the rate of inflation and the high index of prices in the country despite assurances to the Iraqi Central Bank last that this escalation is still “within the borders controlled.”

In an interview with Radio Free Iraq, the President of the Economic Media Centre non-governmental Dargham Muhammad Ali that worry observers the status of the continuing rise of inflation and the general index of prices due to the fact that “the Iraqi market remained the province of a certain level of prices during the years 2008 – 2009 despite the fact that these two years have seen the global economic crisis, which had its repercussions clear all economies of the countries in general is that it With the decline in the effects of this crisis began to indicators of inflation and high prices to rise, in the Iraqi market, which is worrying but not more than one case the lack of government interest in this data. “

He also called on the authorities responsible economic to take a number of measures rapidly and to reduce the growing rates of inflation and the general level of prices begin to “lift the ban on the import of fruits and vegetables through activating the performance of the Ministry of Commerce with regard to ration card and tighten control over the performance that can be described Balfoazavi leading to activation of the national strategy for housing through the expansion of the granting of loans and the distribution of residential land to take the citizen’s role in solving the housing crisis suffocating after the failure of the two roles of government and investment in solving it. “

The Iraqi Ministry of Planning and despite the approval of the fact that “growing in the rate of inflation and the general price index,” but it played down the words of its spokesman Abdul-Zahra al-Hindawi, the importance of the warnings of observers, economists on this matter based on the statistics that indicate that “the general inflation rate since February 2011 to February 2012 did not exceed the range of 5% due to the continuous rise of the price index in the housing sector only, which in turn led to a slight rise in prices in general. “

However, analysts attributed the escalating rate of inflation and the general index of prices of the two “totally not commensurate clearly with the income level of the simple citizen” to the other reasons not related to the sector, housing, recalling the economic expert Ala short that the “Declaration of the Ministry of Finance in February 2012, near the tariff application of the work caused in raising the level of local market prices between 10% to 15%, the rise it will not back down even if large merchants dropped the ministry on its decision to apply the tariff, “according to his opinion.

http://bit.ly/H9RN5T

April 2, 2012

so we aren't going to see the RV till 2013

I don't think so because it states it will be traded in the ninth month of this year... I think we'll see it "soon"...

April 2, 2012

CBI: The financial budget for the year (2013) will adopt the new currency in Arabic and Kurdish

Posted: April 2, 2012 in Iraqi Dinar/Politics

Tags: Arabic language, Central Bank Iraq, Currency, General Agreement on Tariffs and Trade, Iraq, Kurdish people, New Year, Saleh

Author Ninwanews on Saturday, March 31, 2012

Central Bank of Iraq announced that the federal budget, for the year (2013) will be approved with the new currency in Arabic and Kurdish.

The deputy chairman of the Central Bank of Iraq the appearance of Mohammed in a statement to “Khandan”: that put Iraq’s new currency will be in (01/01/2013) and will be in both Arabic and Kurdish with the deletion of three zeros the first of the current currency, indicating the following: that the financial budget of the Federal Iraq will be traded during the ninth month of the current year and recognized in the New Year according to the new currency of the two languages.

Saleh explained: The installation of the current currency led to inflation in the Iraqi market and has become inadequate with the financial situation now, the lack of large groups and small to cover the trading them, noting that all the countries of the world that emerged from conflict or hit by the deterioration in the currency of the GATT to modify its currency.

http://bit.ly/H9coYa

If they have the NEW currency in the 2013 budget, perhaps the 2012 budget has the the OLD currency in it as well. Looks promising that we'll see the rate in this one coming out on the 19th... Sept??? as the ninth month???

April 2, 2012

Bet we'll see something nice in our Easter Baskets this year!!!

April 2, 2012

President of the Presidium republic confirms that the budget law has been published in Iraqi Gazette

04.02.2012 | (Voice of Iraq) - add comment -

President of the Presidium republic confirms that the budget law has been published in Iraqi Gazette April 1, 2012 The head office of the chairman republic Naseer al-Ani, in a statement issued Sunday by the 04/01/2012, the federal budget law of the Republic of Iraq No. 22 for fiscal year 2012, has been published in the Iraqi Gazette in its issue No. 4233, issued on 19 April 1433 Hijri, corresponding to March 12, 2012.

Read more: http://www.sotaliraq.com/mobile-news.php?id=49897#ixzz1qsDZwGt0

Read the last sentence, it says "issued on 19 April"... I bet that's when it will be published. Great post, Yota!!! Thanks you!

April 2, 2012

The official name NGHIN DONG. pronounced hing dong by the Vietnamese. Close enough.

Really? Hmmm... somehow, Hing Dong Avon Calling, just doesn't sound right :blink:

March 31, 2012

HCL is still KEY... have to have HCL and GOI seated anyway. Chp 7 is big, but need the other pieces to the puzzle for Shabbs to hit the button!!

Thanks for the Post!! Roll RV!

The Budget is not even in the Gazette yet for pete sake!!

I agree, HCL and GOI first. Maybe they haven't posted the budget yet because the RV rate is in it... ?

March 21, 2012

Would that not be something. For anyone that thinks that Iraqis are not a smart people, think again.

I agree, that would be something. The Iraqis are definitely smart. Smart enough to keep us ( and everyone else ) guessing on main issues. That's why I'm not too worried when we get conflicting articles. Someone on here said "watch what they do, not what they say" and I think that's the best advice ever.

Don't know why somebody negged you for that comment, but I gave you a +plus to even you out.

March 20, 2012

The million dollar question: What do they consider to be the Green Light?

I think they're colorblind: it's a big RED button that's got Shabs name on it.

March 20, 2012

Cabinet approves draft law allocating $300 million to settle claims of Kuwait Airways Corporation

Posted: March 20, 2012 in Iraqi Dinar/Politics

Tags: ArmorGroup, Baghdad International Airport, Foreign minister, Iraq, Iraqi Airways, kuwait, prime minister, Republic of Iraq

Tuesday, March 20 / March 2012 17:05

Announced Council of Ministers approved the draft law on the allocation of [300] million to be paid to the KAC for the settlement of lawsuits filed by it on the Iraqi Airways and the Iraqi government and drop judgments and pledge not to establish any future claims.

A statement by the Office of Government Spokesman Ali Dabbagh, the Agency has received all of Iraq [where] a copy of it today, that “the Council of Ministers agreed on several other decisions, including approval of the cancellation decision of the Council of Ministers for the year 2011 containing the lending and the Ministry of Industry – Ezz [400] million for the establishment of power plants, and to approve the extension of the contract company [ArmorGroup] security to protect the Baghdad International Airport for a period of three months starting from 01/04/2012 until the completion of the referral and the signing of the contract. “

The statement added that “the Council also approved the adoption of the full report on priorities for the government to prepare the budget in 2013, taking into account the observations Council of Ministers, and the adoption of the recommendation of the Committee on Economic Affairs on the Ministry of Trade to buy [387] tons of material edible oil [sunflower originating from the Turkish] at [1.715] dollars per ton, the amount of $ [663 705 000 dollars, that the required port address fulfillment fees to material outside the instruction approved by the Finance and agree to facilitate the introduction of camera equipment and editing and recording of the media coming to Iraq to cover the work of the Conference Arab summit. "

He noted that "the Council of Ministers approved the adoption of the technical report of the Secretariat on the draft through Highway [2] and the implementation mechanism passes through the Negotiating Committee with the Chinese side on the payment on credit and the addition of Ministry of Construction and Housing on the committee for this project and to bring designs to a company [Cui] Danish and authorize the Minister of Construction and Housing to negotiate and referral, and passed to approve the draft law on ratification of agreement on the establishment of the International Academy of Anti-Corruption as an international organization which was adopted in Vienna on 02.09.2010 and signed by the Republic of Iraq on 2/12/2012 and referred to the House of Representatives based on the to the provisions of articles [61 / I and item 80 / item II of the Constitution. "

The statement said that the Council agreed to approve the recommendation of the Committee on Economic Affairs for the payment of the amount of $ [600 242 228] JD dues contractor for the work of additional changes in the building extension the State Company for Veterinary and agreed to authorize the Minister of Planning to negotiate and sign a draft agreement on development cooperation between the Government of the Republic of Iraq and the Government of the Republic of Italy as amended by the State Council in accordance with Article [80 / item VI of the Constitution with the Ministry of Foreign Affairs to prepare a document authorization required on behalf of the Government of the Republic of Iraq to the Minister of Planning in accordance with the contexts of the approved and submitted to the Secretariat of the Council of Ministers of for obtaining the signature of the Prime Minister. "

And that "the Council approved the Approval to authorize the Secretary of State the authority to negotiate and sign a draft cooperation agreement between the Government of the Republic of Iraq and the United Nations Industrial Development Organization UNIDO [ UNIDO ] as amended by the State Council on the basis of the provisions of Article [80 / item VI of the Constitution with the Foreign Ministry to prepare a document authorization required on behalf of the Government of the Republic of Iraq to the Minister of Foreign Affairs according to the contexts approved and submit to the Secretariat of the Council of Ministers in order to obtain the approval of the Prime Minister.

http://bit.ly/GDK89Y

March 20, 2012

CBI waiting for the green light to start printing the currency in which also includes the Kurdish language

Posted: March 20, 2012 in Iraqi Dinar/Politics

Tags: Central Bank Iraq, Currency, General Agreement on Tariffs and Trade, History of Islam, Iraq, Khandan, Kurdish people, New Year

12:03:20 / 03/2012

The sources indicated in a press statement that “the central bank introduced a draft law to delete the zeros to the Chairman of the House of Representatives Osama Najafi, and ensure that everything about this great project which will start work by the process of offering the new currency for circulation early next year, and will continue to drive the replacement of three years.

“The House of Representatives has no objections to the project except the subject of graphics that will come within the designs, adding there are those favored by nature and one favored by Islamic history, stressing that the initial indications stating that everyone agreed on the historic monuments in Iraq.

He was vice president of the Central Bank of Iraq the appearance of Mohammed Saleh, said in a statement to “Khandan”: that put Iraq’s new currency will be in (01/01/2013) and will be in both Arabic and Kurdish with the deletion of the first three zeros from the currency current, indicating the following: that the budget of the federal financial of Iraq will be traded during the ninth month of the current year and recognizes in the New Year according to the new currency of the two languages.

Saleh explained: The installation of the current currency led to inflation in the Iraqi market and has become inadequate with the financial situation now, the lack of large groups and small to cover the trading them, noting that all the countries of the world that emerged from conflict or hit by the deterioration in the currency of the GATT to modify its currency.

http://bit.ly/GBmkYo

March 18, 2012

Kurdish sources reveal that a strategic decision fateful high importance will be announced soon!!

03/17/2012

www.basraelc.com

According to Kurdish sources familiar with the strategic decision fateful high importance will be announced soon, and was President of Kurdistan, "Massoud Barzani," He implied that the good news waiting for the Kurdish people.

The sources declined to disclose the type of decision and action will be taken and announced or implemented in the immediate period ahead.

The sources described the decision as fateful for the Kurdish people and Kurdish will be the focus of relief and satisfaction.

The sources close to the same measure, expected that will match with what he was looking forward to him the Kurds in the framework of his constitutional rights and the legitimate national However, she indicated that the measures may be preliminary only and may take some time to complete the implementation of this project.

Wow, good article Carrelo! I don't think it's just the Kurds being put on the new currency, but more likely the Erbil and .... oh man, the RV??? Woo Hoo and a plus to you for bringing it to the table! :twothumbs:

March 18, 2012

I DO love this article! Thanks Sweetybird.

I do.....I have wanted to say that for so long.

Zig, Iraq is part of OPEC. I believe it is this year that someone from Iraq was appointed to ceremonial post of President of OPEC. It is like being mayor of a small town, they rotate the countil members.

I like this article, but part of me thinks that when they come out with information like this, that the deal is close to being done. I have been thinking all day that I wonder if Iraq will come out at a high rate, a few cents over Kuwait, just as a power move, and this would hel pay for it. Call me crazy, I have always believed that it will be a 1:1 initially, but this keeps goijng through my pea brain.

Pull my thoughts apart, it's okay. It won't be the first time I have been thought to be crazy.

Glad I could help... and just between us; I've been thinking along those same lines of it coming in closer to Kuwait, too.

It seem if this is the way this goes down, Iraq has more Oil Dollars then they have IQD on the Streets!! Makes perfect sense, I really like this Article, this is what Drove me to the Bank and get into this Investment!! +1

Thanks Yota, that means a lot coming from you. You have no idea how much I respect and admire all you do here. Mine's but a drop in the big 'ole bucket, but your's is never ending. Thank you!

March 18, 2012

Someone wake up Yota.......I want her thoughts on this!!

Me too! BTW, Yota is a guy....

March 18, 2012

I bought alittle dong awhile back. Ever since its headed south. Bummer I know. Was hoping it was going to grow very large one day.

Don't give up hope yet, you're still young....

March 18, 2012

Me either...I think I'd like to try it at least once...

I don't think I can even count that high.... Somebody would have to splain it to me :blink:

March 18, 2012

Did My dong just rise.

LOL, nice one. I haven't bought any but I thought this might be of interest to those of you that have. Here's a thought... maybe the dinar is getting ready to RV so maybe they thought they'd switch over to the dong for interest articles. You know; out with the old news, in with the new???? Just a thought :rolleyes:

I second that thought and question. How curious...when I was there a thousand years ago, their currency was called piasters...

Now that's just too funny...

March 18, 2012

So Sorry about all the junk that was attached. Here's the article in shorter form... I hope!

IMF urges Vietnam to establish independent central bank

Posted: March 17, 2012 in Asian Currency Markets

Tags: Central bank, Hanoi, Hoang Trung Hai, Inflation, International Monetary Fund, Monetary policy, State Bank of Vietnam, Vietnam

MARCH 15, 2012

VietFinanceNews.com – Vietnam needs to set up an independent central bank to deploy the monetary policy with the basic objectives to stabilize prices and curb inflation, said experts of the International Monetary Fund (IMF).

The central bank needs more specific and independent tasks, said IMF senior economist Rina Bhattacharya at a seminar discussing policy challenges of Vietnam in transition to a middle-income economy held by IMF and the State Bank of Vietnam (SBV) in Hanoi on Wednesday.

“We find that the central bank has been pursuing multiple objectives that sometimes contradict one another,” she told the seminar.

The economist cited Section 1, Article 4 of the 2010 State Bank Law saying the central bank’s functions are to stabilize the domestic currency value, ensure the security and efficiency of the banking system as well as the payment system, and contribute to the socio-economic development with socialism orientation.

She noted tackling inflation is not the sole objective of SBV, and sometimes the central bank is also obliged to help bolster economic growth. “This denotes a problem in macro-economic management in Vietnam,” said Bhattacharya.

Moreover, the economist said Vietnam’s monetary policy lacks transparency and predictability, leaving a negative impact on interest rates, growth and inflation.

In addition, although the real interest rate tool has great effect on core inflation in Vietnam, it has yet to be fully utilized to fight the inflation that is now the highest among the Asian developing countries.

IMF remarked that inflation reached its peak of 20.3% in the third quarter last year due to the loosened monetary policy. “Vietnam should aim at price stabilization and inflation curbing as the main targets,” said Bhattacharya.

SBV deputy governor Le Minh Hung did not mention the establishment of an independent central bank when delivering his speech at the seminar. He informed SBV in the coming time will operate the monetary policy based on target inflation in order to further stabilize the macro-economy and restrain inflation.

The deputy governor committed SBV will closely follow the market changes and the macro-economic situation to regulate interest rates and forex rates in a bid to improve the efficiency and effectiveness of the monetary policy.

IMF’s suggestion on independent central bank establishment is not a new idea, as the organization made the same recommendation in the late 1990s. The model has been discussed in Vietnam for several occasions.

At the Vietnam economic forum held by the The Economist magazine early this year, Deputy Prime Minister Hoang Trung Hai said the Government is considering whether to establish an independent central bank given the inflation changes.

http://bit.ly/y0mz4B

Read more: http://dinarvets.com/forums/index.php?app=forums&module=post&section=post&do=edit_post&f=5&t=110230&p=899941&st=#ixzz1pQNu0xnb

March 18, 2012

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IMF urges Vietnam to establish independent central bank

Parliamentary Economic Committee: The dollar out of the market affects the strength of the Iraqi dinar

Embarking upon the Iraqi government bonds in international markets

Happy St. Patrick’s Day

Iraqi List MP Mutlaq: Politicians will find it difficult to agree to demarcation agreement with Kuwait; Encroaches on Iraqi territory;

Jubouri calls for Kuwaiti officials to contribute to remove Iraq from Chapter VII

Iraq Foreign Relations: To end the problems with Kuwait represents a quantum leap in Iraq’s relations with the world

Iraq will receive entitlements from the Kuwaiti airline partnership only after payment of $200 million to Kuwait

Kuwait has been an important opinion-maker and shareholder of the World Bank

Arab parliamentary calls for the integration summit to tackle poverty in Baghdad

Member of the cluster white in Wasit: Kuwait key to solving the problems in Iraq

Jaafari, Maliki reveiw results of visit to Kuwait

Member of Finance Committee acknowledges the existence of errors in the paragraphs of the budget will be adjusted

Deputy Governor of CBI: Warka Bank will repeat itself and the imposition of guardianship to ensure that depositors’ money

Member of the Committee on energy: fuel smuggling operations have expanded and must be combated to preserve national economy

Economist Opinion: delete the zeros will lead to re-structure and currency composition

Iraqi parliament members want Maliki to clarify results of Kuwait meeting

Baghdad proposes to be involved in the management of Kuwait’s port of Mubarak

Iraq – Kuwait Committee meets in April

CBI intensifies efforts to delete zeros from the Iraqi currency

Parliamentary Economic Committee proposes the sale of crude oil with the dinar the lraqi to support and increase value

Zebari is expected to soon exit Iraq from Chapter VII

Jubouri: There are recommendations made by the Finance Committee to set controls for the dollar exchange

Maliki: technical committees between Iraq and Kuwait the past to resolve all outstanding issues

Parliamentary Financial Committee to host Governor of the CBI soon because of “Warka”

Kuwaiti businessman considering the establishment of a bank in Iraq

Adviser reveals for “newsletter”: Al-Maliki will be held meetings with political leaders to resolve the crisis. And convulsions with Al-Issawi removed

MP: One visit to Kuwait not to settle all pending issues

Wardi calls Maliki to reveal deals with Kuwaiti side to parliament

Iraq’s Ambassador to the US visits US National Archive; Inspects Iraqi documents

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