NB2D

Then approve it already...

10/04/2012 13:01 BAGHDAD, April 10 (AKnews) – The finance committee in the Iraqi Council of Representatives today warned about the deterioration of the Iraqi economy due to the low exchange rate of the dinar to the US dollar, assuring that proposals are underway to get the country back on its feet. Committee member Shawrash Mustafa said the committee began to study the deterioration of the Iraqi dinar exchange rate and put in place several methods to halt the crisis. The proposals will be delivered to the Ministry of Finance and Iraqi Central Bank (ICB). Mustafa did not disclose details of the proposals, saying only that they are “enough to end the fiscal deterioration”. “Many issues may affect the dinar exchange rate and declining economy, the most prominent is the political side and the effects of what’s happening in the region,” said Mustafa. The Iraqi dinar yesterday registered the lowest exchange rate in three years against the US dollar at a selling rate of 1290 dinars per dollar. The decline in the dinar began early last month after it was stable at a rate of 1190 per dollar. The ICB issued strict procedures on selling hard currency to Iran and Syria due to the international sanctions imposed on the two countries. The ICB last month denied media reports that it stopped selling foreign currency as a measure to protect the Iraqi economy due to the political crisis in the country. The ICB is responsible for maintaining price stability, implementing monetary policy and regulating the banking sector. By Raman Brosk RN/DM/AKnews http://aknews.com/en/aknews/2/300771/

So if everyone is told to fill up the day before, doesn't that just boost their profits above normal for that day?

Well it's good to know you read the article before moving. MY title said Opinion, The NEWS ARTICLE title did not.... so once again. I rest my case. Na na na boo boo, stick your head in doo doo.... or something like that. Oh and it was listed in the ECONOMY section of that paper.

Actually it got moved to opinions.... cuz I guess its an opinion... that a newspaper decided to print? Either or its a news article worth reading.

It's an Iraqi Newspaper.... everything is opinion, hardly anything is fact... either or the result is the same. speculation and interpretation. If it came from an Iraqi bloggers site, that would be “opinion” if it came from an Iraqi newspaper that would make it "news" #justsayin

yet it came from a legitimate news agency reporting it... whatever, your the mod

Why was this moved? Its in a newspaper, and has a link. No different than any other Financial expert opinion article.

At a time when the Central Bank announced that its policy on near level will work to stabilize the exchange rate of the Iraqi dinar against the dollar, the average level and leveling will near dinar against the dollar, a number of finance confirmed that implementation is a step in such circumstances in the country of complex things and you need to briefly for the Central Bank would be able to have the ability to even the Iraqi dinar to the US dollar (national news) The follow-up to this subject was the first speaker. Financial expert Munzer optimizer “: it is very difficult in such complex circumstances that even Iraqi dinar rate with the US dollar at the moment at least, explanation of objective for several reasons, notably budget approved shortly before the vast area was given for alchghlih rather than investment which is development of the Iraqi economy to diversify resources that support an estimated 95% on oil exports, and most materials and goods and services imported and unproductive nationally.” optimizer “: The problem other sensitive to Iraqi oil which constitutes such a large proportion of the resources of the country unstable and volatile prices at the global level and now at risk real and serious complications of the political situation in the region and risk transformation into armed conflicts as in Syria and southern Lebanon crisis which relate directly and indirectly with the problem between Iran and the Zionist entity is backed by all the Western countries headed by the United States and there are increasing threats to blow to Iran For its part by threatening to close the Strait of Hormuz, which constitutes one of the main oil exporting ports than would the adverse consequences on the economic conditions thus Iraqi dinar improved led Iraqi. talking (citizen news) “: he finds that excessive expectation is optimistic expressed by one of the senior officials of the Central Bank of Iraq with respect to equal the dinar with the dollar but in spite of all this, I am not drown balchaem because the scenario is analyzed at the highest levels of decision-making at the regional and international level is To modify or change completely because canonical crises when there are opportunities to solve complicated through informal meetings and secret negotiations! , Where many concessions by one of the parties due to internal or external pressure versus specific guarantees and consequently predict default equal to the dollar and the dinar, at least until the current crisis is clearly a fact but I would describe the explosive. and said member of the Finance Committee and Attorney Abdul Hussein Al-yasseri “: that the Central Bank has been able to successfully follow the auction method in the Bank to maintain the value of the Iraqi dinar, adding Al-yasseri,” Central Bank works daily Purchase and sale of Iraqi currency, the dollar, and this leads to a balance between supply and demand curve in relation to the dollar, adding that this curve intersect where prices more demand and prices rose higher bid price in this way fell Central Bank keeps on Iraqi dinar value economy generally. “Al-yasseri said: the Iraqi dinar to equal US dollar depends primarily on the strength and stability of the domestic market as well as political stability and security.”: The Iraqi dinar currency is important and influential in the world market is covered by a large cash reserve of foreign currency estimated at 60 billion dollars and that a very large number, thanks to the policy of the Central Bank. The Al-yasseri talking (citizen news) “that GNP and total enhanced through oil revenues that came to Iraq and $ 300 billion US dollars. http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http://almowatennews.com/news.php%3Faction%3Dview%26id%3D39121&usg=ALkJrhhDr14Cu8Cu-ssBfbGLGGC98jLKag

said Deputy Governor of Central Bank of Iraq, the appearance of Mohammed Saleh, said that “the Bank began to take new measures for those wishing to make transfers external to the foreign currency.” Saleh said that “the measures the central bank included a claim traders who wish to transfers foreign currency foreign Aware of the type of trade that wants to withdraw funds because in addition to providing notice of a tax and trade in a maximum period of 15 days, “adding that” these measures do not affect the traders something to it as a whole do not take their time more than one hour but necessary to find out the reasons that is for which transfer funds abroad to sort the trade normal for transfers that are used for terrorist operations or suspicious. “ Saleh continued, “This measure does not include transfer applications for the purposes of travel did not make any change it where it is entitled to withdraw a maximum amount of ten thousand dollars to convert them to the outside without any notices.” The bank Central has denied rumors about stopping foreign remittances of foreign currency. http://www.almustakbalpaper.net/ArticleShow.aspx?ID=20049

Hmm, so talks of a unified arab currency, as well as the GCC oil estimates to 65 Trillion? Yeah I think there is enough backing to call the dinar the recognized and unified currency with a revaluation.... Speculation or possiblility?

Create a bank shareholder wheel drives the investment in the country Central Bank called for the separation of the administrative organs of government and private banks and their owners, indicating that the intervention of the management of banks, owners hurt the whole banking process. The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that “government and private banks are still suffering from their owners in the formulation of intervention policies, bank, so banks must separate departments for owners.” He explained that “the owner of the banks, government is the state, so affected by these banks are state policies that interfere with the administration,” adding, “The private banks are subject to the interests of owners who are often from families of the rich are trying to push banks towards their own interests.” The benefit of counting, last Monday, in a statement to “Twilight News” Rafidain and good government, “obstacle” to the development of the Iraqi banking system which has to cope with Iraq draws to a market economy. And the favor of that “intervention Madaom management of the owners of banks reflected negatively on the development and performance.” The Iraqi government is still sticking in its financial transactions which are limited to government banks by 85%. In the same context suggested a member of the Committee of Economy and Investment Deputy Faleh Ziadi the establishment of an Iraqi bank shareholder joint private and public sectors, to boost investment in the country through its financing of projects and to ensure investors’ money. He said Ziadi’s (newsletter) that the wheel of investment in Iraq is still weak as a result of obstacles several most important of the banking sector, being a backward technology and makes little money, which would lead to the reluctance of investors to enter Iraqi territory for the purpose of investment, the fact that the investor looking for an appropriate environment for investment and that keeps on his property from loss. He stressed on the necessity of establishing an Iraqi bank shareholder jointly by Iraqi banks in the sector of government and private sectors to form an Iraqi bank chief with a capital abundant helps to finance investment projects and services in the country through granting of loans, in addition to the employment of staff banker scientific trainees to technology global banking to be a bank discreet contribute in the promotion of the economic process in the country. The member of the parliamentary economic committee to be one of the solutions for the advancement of the process of investment in the country is to support the Iraqi private banking sector, ie, “private banks” by the federal government and to provide all their needs in order to have a real and effective role in promoting investment in the country http://translate.google.com/translate?hl=en&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&sl=ar&twu=1&u=http://www.almowatennews.com/news_view_39063.html

Between a number of experts and professionals in the economic aspect that the proposal that was presented at a meeting of finance ministers Arabs in Baghdad to unify the currency of Arab and create a common market will work to maximize economic efficiency within the cluster that you want integration, explaining that he needs to stages prior carried out by these countries. The deputy governor of the Central Bank of the appearance of Mohammed Saleh (range) that the stages that precede the process of currency unification of Arab, including Free Trade Area of the major, as well as Union Alkmarki where the Arab countries tax exemptions among themselves, and be Tarafadtha customs towards countries outside the bloc, the same value results in the exchange of goods between the countries of the bloc’s high value-added be liberated from all customs taxes. Saleh added: The following procedure is known as the Common Market, which includes the Arab countries, indicating the free movement of capital within the market easily in addition to the political unification of the financial and cash between countries, as well as the establishment of a single central bank will issue the single currency. For his part, said the economist as Abdul Hadi’s (long) The economic integration of Arab countries in terms of a single currency will give strength to the Arab economy in general, noting that this procedure is one of the highest stage of economic integration, calling for the need that each one of the these countries through a program of cross-fertilization between Ktabieih wealth and human. Most of the economic levels are inconsistent. He said Abdul Hadi: There are some actions prior to this issue, which is for fiscal policy is created through which Arab bank manages the currency Arabic, and thus monetary policy becomes not subject to Arab governments, which means giving up part of the fiscal policy, asking, I wonder if that States and after the completion of stages Economic eligible capable of waiver, pointing out that this is a major challenge Kalmugod in the European Union. Furthermore, said a member of the Finance Committee in the House of Representatives Majida al-Tamimi (range): This project needs to analytical studies of the economics of the Arab countries, indicating they differ in terms of resources there are countries excel human resources and other viable agriculture, noting that Sudan is the food basket Arab in terms of water and fertile land. Tamimi said: that the results of the single currency will benefit the public through the rotation of the work that result in a cash surplus to draw investments, indicating the need for security and political stability of the Arab countries. He noted that the united Europe when its currency was able to save Greece from the economic collapse that hit all the joints of public life. In the meantime, according to a member of the Economic Committee in the House of Representatives Amer winner that the proposal that was presented at a meeting of Arab finance ministers in Baghdad to unify the currency and the establishment of Arab common market will support the economies of Arab countries, particularly the Iraqi economy. He said Fayez, according to (of the Agency news) should not forget that the principle of the Union means the power, in order to unify Arab stances and political rapprochement and economic between them must be the integration of Arab economic, through the consolidation of common markets and currency Arabic, which will support the economies of all countries Arabic, the fact that these countries enjoy great wealth and in all sectors, whether agricultural or industrial or oil or tourism. He said Fayez: In the event of economic integration Arab and the issuance of a unified Arab currency, this will give economic power to all Arab countries including Iraq, because most Arab countries have the spring and became regimes where democracy after the dictatorship of the object to the establishment of such activities, pointing out that the opportunity is now appropriate to make the Arab economy enjoy development and prosperity. The Ministers of Economy and Finance Arabs who met in Baghdad as part of the meeting of Economic and Social Council of the Arab Summit Conference of Arab, had touched the subject of Arab economic integration and monetary union of Arab and Arab markets make the joint. http://translate.google.com/translate?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&twu=1&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D50443

Banking community has received the Iraqi decision to caution the Council of Ministers directed to the Iraqi Central Bank, the judge approved the monetary policy to refer to the government for approval, raising fears of a potential intervention in the banking business. The government informed the Central Bank that the Constitution provided that the terms of reference of the federal authorities formulating monetary policy and the establishment of the Central Bank and its management, and requested therefore to provide the monetary policy adopted by the Central Bank to the Council of Ministers for perusal and approval, and stressed the failure to adopt policies in the future without approval of the Council of Ministers By signing the Cabinet Secretary on the Keywords. However, Deputy Governor of Central Bank of Iraq, the appearance of Mohammed Saleh, said in a statement to «life» that monetary policy is linked to the Central Bank, which follows the Parliament, despite the existence of constitutional articles associated with the executive branch. He pointed out the need to develop a clear strategy and powers to manage the monetary and fiscal policy. He said «duty requires knowledge of details of any decisions relating to monetary policy, without being subject to challenge any tendencies of the efforts of the central administration block at the level of cash and issuance, and supervising the work of the banking sector and the civil government and follow the movement of capital». Banking sources and expressed concerns about the consequences of the Iraqi government’s decision on the banking performance and the possibility of the emergence of a type of custody of the sector to make it bound constraints are not conducive to the advancement of his performance. In preparing the Finance Committee in the Iraqi parliament to listen to the Governor of the Central Bank Shabibi for the latest update on the status of cash in the country and his decision to the government official said that the impasse that accompanied the performance of «Central» Iraq in recent years encouraged the executive branch to take the initiative and intervene in the direction in which it deems appropriate to move the performance of the banking sector and its development. To Iraqi banks that are preparing to hold several meetings of the bodies of public and discuss the results of its work last year in conjunction with the World Bank expressed doubts about the difficulties faced by private banks to increase their capital to 250 billion dinars in 2013 (about $ 213 million). The officials in the sector that there are opportunities for the participation of foreign banks in the development of Iraqi banks by buying stakes in it. He expected the Executive Director of the «Association of Iraqi private banks» Abdul Aziz al-Hassoun told «life» that banks start from Lebanon and Turkey to work in Iraq in 2012 widely. He believed that such a move would activate the performance of the banking sector and make it attractive for investments and development of its ability to raise capital his money in the future. And intends to «Bank of North Finance and Investment» double the capital and increase its banking sources suggest that the bank announced over the next month to increase its capital to 210 billion dinars in preparation for submission to 250 billion. http://international.daralhayat.com/internationalarticle/382222

Answer me this oh wise one..... how many hamburgers am I hiding in my pants right now?..... Think LONG and HARD about this one...

An informed Iraqi source has announced that Baghdad had agreed to host the next round of talks between Iran and the 5+1 group (the United States, Britain, France, Russia, China, and Germany), the Persian service of the Young Journalists Club’s website reported on Tuesday. The ambassadors of the United States, Britain, France, and Germany and the representative of the European Union based in Iraq have been informed of the issue and have welcomed it, said the Iraqi source, who spoke on condition of anonymity. The ambassadors are supposed to inform their governments of the matter, he added. Reportedly, an Iranian delegation will travel to Iraq to pursue the issue and hold talks with senior Iraqi officials in this regard. Vali Nasr, who is a member of the State Department’s Foreign Affairs Policy Advisory Board, said on March 28 that Iran had suggested Baghdad for the talks. Istanbul has officially announced its readiness to host the negotiations, and Iranian Foreign Minister Ali Akbar Salehi has said on several occasions that Tehran prefers that the talks be held in Istanbul. Salehi announced on March 28 that the meetings would be held on April 13. In addition, U.S. Secretary of State Hillarious Clinton announced on March 31 that Tehran and the 5+1 group would meet in Istanbul on April 13 and 14. However, Russia said on April 2 that the date and place for nuclear talks with Iran have not been set yet. “The date and the place of the meeting have not been definitively set,” Russian Deputy Foreign Minister Sergei Ryabkov told the Interfax news agency, AFP reported. “The meeting could take place on April 13 or 14 or in the following days,” he said, adding that the talks should take place as soon as possible. Iran’s Expediency Council Secretary Mohsen Rezaii proposed on April 2 that the next round of talks between Iran and the six major powers be held in Baghdad, Beirut, or Damascus instead of Istanbul. “In view of the fact that our friends in Turkey have failed to honor some agreements, it is better that the talks between Iran and the 5+1 group would be held in another friendly country,” Rezaii said at the time. In late January 2011, a new round of talks between Iran and the major powers was held in Istanbul, but no date was set for the next round of negotiations. After the end of the Geneva talks in early December 2010, Secretary of Iran’s Supreme National Security Council Saeed Jalili announced that Iran and the 5+1 group had agreed that the next rounds of talks should focus on common ground for cooperation. However, the 5+1 group reneged on the agreement, and after the end of the Geneva talks, European Union foreign policy chief Catherine Ashton, who represents the major powers in nuclear negotiations with Tehran, read out a statement saying the nuclear issue would be the focus of the next round of talks, a move which drew strong criticism from Iranian officials. The main bone of contention between Tehran and the West is Iran’s uranium enrichment program. Iran says all its nuclear activities are totally peaceful, and, as an International Atomic Energy Agency member and a nuclear Non-Proliferation Treaty signatory, it has the legal right to produce nuclear fuel for its research reactors and nuclear power plants. http://www.mehrnews.com/en/newsdetail.aspx?NewsID=1568191

(Reuters) – Wells Fargo & Co opened its new Abbot Downing business on Monday, merging two of its wealth management units under a new brand it hopes will expand its market share of America’s richest families. The new business, catering to ultra-high-net-worth individuals and families with $50 million or more in investable assets, resulted from the combination of Wells’ Family Wealth unit and its Lowry Hill subsidiary. The name Abbot Downing comes from the 19th-century New Hampshire builder of the stagecoaches that have come to represent Wells Fargo. Since Wells first publicly announced the planned merger last November, the combined business has grown 20 percent to $32.9 billion in client assets under management. In those five months, the group added five billionaires and 13 individuals with $100 million or more in investable assets to its client base, said Jim Steiner, Abbot Downing’s president. “We’ve had new success in bringing in new foundation assets,” Steiner said. “People are leaving more money to foundations and endowments.” He said the biggest drivers of new wealth have been cash from the sale of company stakes through initial public offerings and mergers and acquisitions. Steiner estimated that about 10,000 households in the United States have $50 million or more in investable assets. In an October study of 72 multifamily advising firms, the average client asset size was $48.4 million, according to research and consulting firm Family Wealth Alliance. Abbot Downing has just under 600 client relationships, including multiple families across generations. PSYCHOLOGISTS, TOO Steiner said the decision to rebrand the combined business was meant to establish a small-firm feel. Wells intended to distinguish its family wealth business from that of other bigger competitors, like the $62.4 billion Bessemer Trust. Abbot Downing was aiming to keep a client-to-adviser ratio of 15-to-one, which Steiner said was low. “Their biggest challenge will be to differentiate themselves from others,” said Tom Livergood, founder of Family Wealth Alliance. The family wealth management industry is highly fragmented, Livergood said, because of the wide-ranging needs of its clients — including traditional wealth investment management, as well as wealth succession planning. Abbot Downing has four divisions: an asset management division, a private banking channel, a combined trust and fiduciary service, and a group that addresses family psychology and governance. There are about 300 Abbot Downing employees working in 16 offices across the United States. Steiner said the firm would be hiring senior portfolio managers, analysts, relationship managers and planners. The new business is the fourth under Wells’ Wealth, Brokerage and Retirement Group umbrella, which also includes an institutional business, a private bank and a brokerage arm. http://www.reuters.com/article/2012/04/02/us-wellsfargo-abbotdowning-idUSBRE83103220120402 ]My speculation, why start a business to seperate new levels of wealth? Is it because there may be a sudden boost of middle-high class in the future?

FYI

Members of the parliamentary Foreign optimistic about the salvation of Iraq from Chapter VII Advisor to the owners: Kuwait will of the Security Council agreed to lift the sanctions on Baghdad after a meeting April 15 Maliki directed to submit to the Commission re-distribution of fuel to the fishermen’s recommendations to support the fishermen’s quotas (the world) Revealed adviser to Prime Minister of the existence of a crucial meeting between Iraq and Kuwait, leading to a report to the Security Council, including the approval of Kuwait to lift the sanctions on Iraq with the approval of both sides to complete the remaining obligations between the two countries, between a member of the Foreign Relations Committee, the parliamentary Raising Iraq from Chapter VII is not about Kuwait alone, but the conviction of the international community, and political pressure. The Legal Adviser to the Prime Minister Fadel Muhammad said in an interview with “the world” yesterday that “on 15 of this month will hold a crucial meeting between Iraq and Kuwait to Baghdad to settle all outstanding issues between the two countries,” expected to so they can be very positive results. He added that the Kuwaiti delegation headed by Foreign Minister Mohammed Sabah, the membership of officials and ministers involved in the files of contention between the two countries. He said Muhammad, “If we reach a joint agreement with Kuwait will send the report to the Security Council, and approved it, with approval from both sides that all that remains of obligations between the two countries from archive missing and the demarcation of the border will be completed in good faith between the two countries, and thus closes the file in the Security Council International, and ending penalties for Iraq under Chapter VII. “ A member of the Committee Mohammad Jamshid in an interview for “the world” yesterday that “the State of Kuwait gave positive signals to remove Iraq from Chapter VII, given to the participation at the Arab summit, not to mention the participation of many Arab countries high.” He added that “the visit of Prime Minister Nuri al-Maliki to the State of Kuwait, which preceded the summit was very positive, as it achieved its objectives and prompted Kuwait to cooperate with us to rid Iraq from Chapter VII and the political and economic sanctions currently in place.” He expected Jamshid contribute to the Arab League also freeing Iraq from Chapter VII, “I do not doubt that the Arab League wants an Iraq that influence takes leadership role in the region, Iraq today is not Iraq’s former regime, which was a source of concern and problems for the region. And I expect that there will be a gesture quick to get rid from Chapter VII. “ I take it a member of the Foreign Relations Committee, the parliamentary staff Arshad remove Iraq from Chapter VII that the international community and members of the Security Council specifically, explaining that “the issue of withdrawal of Iraq from Chapter VII is not about Kuwait alone, but there is a UN resolution needs to be pressure from Arab countries and the Arab League “. tp://translate.google.com/translate?hl=en&rurl=translate.google.com&sl=ar&tl=e n&u=http://www.alaalem.com/index.php?aa=news&id22=45268

Two all beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun.... He's just mad they don't get the McRib out there

Ha, I would love some of that camel stew casserole! Yeah, nothing new to get terribly excited about. Although with the dollar sales so high today it kinda makes sense for them to re print this article. I must I want to try these "In the coming days" tactics on the wife when she gives out chores. Like a Jedi Mind trick "I will have it done in the coming days".... 2 months later....

Sales of the dollar in CBI auction at today’s meeting Monday, recorded the amount of $ 248 million, compared to 223 million the previous meeting, at an exchange rate based on 1166 dollars for every dollar. The bulletin issued by the Central Bank received a “gate of Iraq,” a copy Menhan total volume of demand on the dollar stood at 248 million and 798 thousand dollars, covered by the central bank at an exchange rate basis was 1166 dinars to the dollar. “ The sales of today’s session higher than the average sales routine over the past few years, after they have fallen significantly since early February current, compared with the end of 2011 and the month of January last, and which averaged about 200 million of the session, after the increase in demand than ever, because of sanctions imposed on Iran, Syria, prices fell and the lira exchange Altoman half. Called the central bank to tighten foreign currency sale to private banks are required to disclose the clients of the applicants purchase, according to the instructions adopted at the first of February 2012, and ratified the instrument on the use of a single customer for the purposes of tariff. And distributed auction sales on the “cash sales of $ 34 million and 250 thousand dollars at the exchange rate was 1179 dinars per dollar,” including “commission the Central Bank amounting to 13 dinars per dollar,” while sales orders, “the amount of 214 248 000 dollars at the exchange rate was 1179 dinars per dollar, “including” commission of the Central Bank amounting to 13 dinars per dollar. “ Bulletin indicated that “the banks of the 23 common auction did not make any offers to sell dollars.” The Iraqi central bank held five sessions weekly auction from Sunday to Thursday for the sale and purchase of foreign currency. http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.albawwaba.net%2Funcategorized%2F34588%2F Dollar sales high, not good considering Iraq needs it's people to have confidence in the Dinar... how to do that? Obvious, devalue the dollar in Iraq with a RV?

NP! As i said, it looks very similar to other articles that have come out recently but the wording is different especially with the devaluation of the dollar in Iraq. Could be something, could be nothing