DELTA » March 15th, 2015, 12:48 pm
Keywords for "Tigris": the central bank seeks to increase support for the oil sector in the coming years
15-03-2015 11:05 AM
The governor of the Central Bank on the Keywords in a statement to Channel Tigris also said the bank is trying to increase support for the oil sector in the coming years,
pointing at the same time that the project to delete the zeros will be during the next two years through the mechanisms put in advance in order not to influence the market
Walkingstick » March 15th, 2015, 12:27 pm
Shawki: Parliament sessions will be for four days in a row
BAGHDAD / ... MP for the Legal Committee of sound Shawki, Sunday, the House of Representatives sessions will begin on Monday to Thursday next.
Shawki said in a statement the "eye Iraq News", "The House of Representatives has decided to continue its meetings this week, starting on Monday, to Thursday, because of the holidays Kurdistan next week, the House of Representatives and the Kurds would not attend."
He added that "the work of the previous session agenda will leave to the next meeting to be held on Monday, because the table Msthsal approval of the Presidency, has not been implemented due to disagreements that took place during yesterday's session."
Shawki said that "differences have been cordoned off, and the problem solved after a panel discussion between al-Jubouri and Liberal contract," adding that the reason for the differences is because the Liberals say that the vice chairman of the parliamentary services right Liberal "./ ended 13
Ok Rocks: Listen some of the news is a couple days behind our team news... the Fact is that Iraq has been paying out "grades" as they call it to various provinces, 1, 2, 3 at a time... I have watched it... people here are lined up for their CE... SO this IS indeed happening... we just wait for OUR Turn and it will be anytime forward. Take this as you will but I chose to be ready
MelonGirl: okrocks I don't understand "grades" in your report. Can you help me out what that means?
Ok Rocks: Oil Minister and IMF: Abdul-Mahdi, according to the statement, that "the meetings dealt with what *has been implemented* from the general budget of the country and *international standards that have been set up under the 2015 budget and the mechanisms used to control the budget deficit" It is said that the Iraqi delegation, who attended the meetings, which included senior officials of the Finance and Planning, oil and visited the Central Bank of Iraq and the BSA.
OK Rocks: Just as Tony & DC said, they have been paying them province by province... I have been watching their news... so it is indeed happening just not as fast as some of us wish lol They did have the big conference yesterday and Millionday said this:
Millionday: THEY HAVE RELEASED A HUGE PAPER ON HOW THE EXCHANGE RATE AND POLICIES WILL IMPACT THE ECONOMY BUT NOT THE LAYOUT OF WHAT IS GOING TO BE DONE – I WOULD EXPECT IT (Sunday) IN PRESS
Authursam: Millionday Article quote: "Erbil - detecting a senior leader of the Kurdistan on Saturday that the region's parliament approved the main points of contention in the oil and gas revenues fund law in Iraqi Kurdistan."
THEY HAVE APPROVED THE OIL AND GAS FUND LAW...THIS IS HISTORIC AND HAS BEEN WAITED ON FOR A VERY LONG TIME
[this is the HCL we were waiting for?]
THIS IS THE FINANCIAL SIDE OF THE OIL PROCEEDS -- THE FUND ITSELF.
[is the financial side of the hcl all we're concerned about moving forward with a rate?]
THIS MEANS THAT THE AGREEMENT WITH KURDISTAN AND IRAQ ON THE BUDGET AND OIL PAYMENTS IS READY AND SET UP -- SO THIS IS A HUGE STEP FOR IRAQ AND BUDGET. THIS MEANS THAT MONEY WILL BE MOVING ON OIL SALES.
Newcreation : Abbadi said "we overcome economic crisis successfully, we admired and surprised the world on this issue at the same time we are fighting a war against terrorist groups.
maw : Big economic convention today--March 15th, Sunday. Meeting announced that the three presidents will meet this day Sunday. DC's window ends for RI announcement early Monday a.m.--March 15th: Normal UN currency update for operational rates. March 16th, Monday: Next Parliament meeting announced presumably to do basket vote. March 17th Tuesday: Next cabinet meeting scheduled to officially open the 2015 budget
EXOGEN March 15, 2015 at 12:26pm
Russia will join the Board of Directors of SWIFT
Some Western powers, wanting to bring the incident with the Russian Federation to the extreme in his political purposes, has used the threat to disconnect the country from the SWIFT.
Practice, however, demonstrated that the international system is controlled not by the speculations of political figures, and these financial characteristics, and therefore Russia was able to nominate their own candidates to the Board of Directors.
Every 3 years the international payment system SWIFT redistributes shares from the participants, therefore, that they comply with these financial characteristics. This allows to form the Board of Directors due to the important financial characteristics that, in the end, should make the entire system more efficient and not losing connection with the present state of Affairs in the world.
"The results 2014 SWIFT growth of traffic in Russia has allowed us to reach the 13-th place in the world, because Russia has raised its share to a level that allows her to propose candidates to the Board of Directors" - quoted by RBC Executive head of the Association "Provision" Roman Chernov. Place for Russia but to cede Hong Kong. In addition, the Council of the chiefs lost to the Netherlands and Belgium have them now 2.
Candidate in the SWIFT Board of Directors from Russia must be an employee organization that is a shareholder of the financial system, or associated with such an organization. Organizations, shareholders are considered to be the most active users of SWIFT. In Russia it is 10 great on its own assets banks power. The candidate will be proposed at the business forum SWIFT on April 16, the extent of which will be a General meeting of ROSSWIFT". Next, the latest the Council will be confirmed at the shareholders ' meeting in early June 2015. Then the adept Russia will start performing their own duties for a period of 3 years.
"The threat of disconnection SWIFT does not decrease after the introduction in Council of chiefs domestic adept, because the decision to disconnect from SWIFT is not affected, but stay in the Council of the heads of our people means that we can influence take SWIFT decisions in terms of input of fresh stereotypes, improving service, tariff", - stated the Chairman of the Board of NP "State payments Council" Alma Abueva.
The chances that the economic system under pressure from politicians to take unfavorable decision remain very low, especially as the persistence of politicians over time weakens. And yet, the Central Bank has tested analogues SWIFT in Russia, but they only work well within the country.
Shaman: Oil Minister participate in meetings of the International Monetary Fund.
Editor Ali Jasim - Sunday 15 March 2015 18:38
Alsumaria News / Baghdad
Participated Oil Minister Adel Abdul-Mahdi , Sunday, at the annual periodic meetings between Iraq and the International Monetary Fund in the Jordanian capital Amman, which aims to review the financial and monetary policy for Iraq as provided in chock agreement between the parties.
The Oil Ministry said in a statement received by Alsumaria News copy of it, "Oil Minister Adel Abdul Mahdi, participated in the annual periodic meetings between Iraq and the International Monetary Fund and the related audited the financial and monetary policy for Iraq as provided for in the Convention chock between them."
He explained Abdul-Mahdi, according to the statement, that "the meetings dealt with what has been implemented from the general budget of the country and international standards that have been set up under the 2015 budget and the mechanisms used to control the budget deficit, especially after the drop in oil prices in the international markets."
It is said that the Iraqi delegation, who attended the meetings, which included senior officials of the Finance and Planning, oil and visited the Central Bank of Iraq and the BSA.
It is noteworthy that the IMF is a specialized agency of the system "Bretton Woods" of the United Nations, established by international treaty in 1945 to work on enhancing the safety of the global economy, and is located Fund headquarters in Washington, DC, and is managed by its members, who include almost their number of 186 countries throughout the world countries.