_(post by Debbie, The IQD Team)
The IQD Team
"Joey, Vic, Diana, Tim, Debbie & Yukon'"
Dec 20, 2011
Highlights and Replay of CC
Conference Call Replay - Dec 20, 2011
Download/Playback (Be patient - takes a little longer to load that normal)
641-715-3900 Pin 358461# (3 to skip forward, 2 to reverse)
HIGHLIGHTS (listen to the call for all the rest of the articles and news discussed) Dial in # 641-715-3900 PIN 358461# 3 to fast forward, 2 to reverse - Link at bottom of page
Theme for the Night...PEACE TRAIN
Highlights from the News:
GREAT INFO SHARED BY KELLY
Must listen to: GREAT NEWS AND THE TRUTH FROM THE UNITED NATIONS
Kelly shared the information she obtained today form the UN Reference Department about the remaining Sanctions left on Iraq...The following was received from the UN.....she tells us all about her conversations with the UN today....
Read More Link on Right
_Here is the list of individuals whose assets are frozen and the sanction is still on Iraq which is paragraph 23 of Resolution 1483.
The other remaining sanction has to do with 661 arms embargo on non state actors.
These sanctions can remain for years and will not impact Iraq from being a sovereign nation or its assent to full admission in the WTO.
Also this was sent to me today from the UN reference library concerning release of sanctions having to do with Kuwait.
Security Council Committee established by resolution 661 (1990) concerning the situation between Iraq and Kuwait
Terminated pursuant to resolution 1483 (2003) of 22 May 2003
See 1518 Committee link in the column on the left
The following links will show your listeners an overview of Security Council Sanctions as well as remaining sanctions on Iraq. I pray this will clear up much confusion about the status of Chapter 7 and Iraq.
Joey shared this article
IRAQ ELECTED VICE PRESIDENT IN CHEMICAL WEAPONS BAN ORGANIZATION
JOEY SHARED SO MUCH GREAT INFO LAST NIGHT...listen to the call for all of the comments about these articles....
THIS WAS THE BEST OF THE BEST
Deputy Governor of Central Bank: nothing to do with the withdrawal of U.S. Bankhvas dinar
19-12-2011 | (Voice of Iraq) - Add a comment - Baghdad / Ahmed Abed Rabbo - term
Denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that the U.S. withdrawal from Iraq, a major influence on the rise of the dollar against the dinar, pointing out that this withdrawal will increase the strength of the Iraqi dinar.
Said Saleh (range economic): The regional situation that occurred in the region have influenced this decline has made the Iraqi trader and broker in the region, trade is regional need financing in foreign currency and on this basis began to pressure on the auction the central bank to Toviramlh foreign so the market can keep up with so additional commercial operations.
Saleh added: that the central bank fears of transactions relating to money laundering and that do not go in the service of the country, noting that this intensification and audit transactions Born a thing of the bubble price and in spite of, the power reserves of the Iraqi Central Bank foreign currency is food for the local currency increased by 100% This means that monetary policy has the ability to cope with any price bubble caused by the external conditions imposed on the national economy.
He noted that the Central Bank is currently the highest reserves in its history.
For his part, economist gnathion NA on the cause of the high price of the dollar against Iraqi dinar is due to psychological fear in the Iraqi market
The gnathion NA's (range economic): The slight rise in the value of the dollar against the dinar goes back to the psychological situation in the Iraqi market, noting that there are expectations by some of the people that get out the Americans will affect the exchange rate of local currency is called a group of them to convert their money to the local the dollar.
He gnathion NA: The pressure of external payments by traders and investors affected other concern is the local currency.
He pointed out that Iraq has enough funds are not owned by any of the neighboring countries as compared with the value of the country's GDP, pointing to the ability of the government bond currency and maintain the dinar's exchange rate stable.
Observers believe that the sudden decline of the dinar against the dollar in recent days Find fear in the local market, the dinar fell of 1117 dinars to the dollar to 1245 with the central bank cut of the sales of the dollar to less than ten million after it exceeded this figure in the rate of sales daily of the U.S. currency by about ten times or more.
As specialists went to the existence of the movement of financial and draws large banks witnessed over the past days by the companies as well as economic institutions, traders and citizens.
And the simple drawings that were imposed by the banking institutions to transfer money out of the country have risen to about five times because of high demand on the funds.
Some go in conversations between U.S. withdrawal and the escalation of divisions in the country, and fears that led to the devaluation of the dinar, as well as the country's vulnerability to a wave of external demands may affect the cash reserve in case Iraqi lift the U.S. out to protect the Fund of Iraq's money, which was estimated at about two fifths billion dollars.
The Central Bank of the House of Representatives is satisfied the process of deleting three zeros from the currency after examining the details of the project with experts and economists in the House of Representatives. “
said the deputy governor of the Central Bank of the appearance of Dr. Mohammed Saleh (people) that “the central bank was able to answer all questions and inquiries by the Commission Parliament, which I listened to a detailed explanation on this subject, and persuaded the House of Representatives in the project and its positive effects on the Iraqi economy. “
He added that “The project is also being transmitted to the Economic Committee in the Cabinet for discussion, indicating that the deletion of the three zeroes from the local currency will be in 2013.”
He pointed to the “The system of financial management suffers from the legacy of a large and need to repair large to remove the legacy of the economy is open, which he inherited Iraq because of the policies of the former regime.”
The central bank said it plans to issue a new currency from the category of 50 dinars after deletion of zeros which is equivalent to $ 50 thousand JD at the moment. “
examines the central, since last June deleting three zeros from the local currency in an attempt to promote the value of currency in circulation, external and internal. Will be added the Kurdish language to the new currency in addition to Arabic. “
The Ministry of Finance to delete the zeros will free the economy from the constraints and enhance the value of the dinar in the International Monetary Fund.
He International Monetary Fund last August to support the Iraqi economy in the event of his a number of economic measures, including raising three zeros from the local currency.
WE HAVE BEEN TALKING ABOUT ATMS for the last month...and this comes out
CBI project called ATM
BAGHDAD - Babinaoz (Reuters) - Iraq's central bank announced that it began implementing a project divided the national aims to provide ATM service to citizens across the devices installed in different areas.
The deputy governor of the Central Bank of the appearance of Mohammed Jawad, told the Kurdish news agency (Rn) that "the central bank has agreed to implement a project divided the national, which allows users in both government and private banks disposing of their money through credit card and dissemination devices exchange markets, train stations, airports and public places."
"The government and private banks expenses will be covered by the company implementing the project and the process of buying the equipment and its installation," pointing out that "the central bank will oversee the supervision years divided the national project."
Jawad said that "the shareholders of any bank, government or private will be able to withdraw their money through the divided national or ATM this year and will contribute in enhancing the bank in the country. "
The Council of Ministers in March / March, new mechanisms to facilitate the opening of documentary credits for less than $ 4 million through the revitalization of the role of private banks, which aims to stimulate trade in the country.
The Iraqi government is still limited in its financial transactions on the government banks relied upon by 85%.
The total capital of Iraqi private banks billion and $ 600 million currently, other than that owned by the branches of Arab and foreign banks operating in the country.
The Favorite Article was an update on the Underseas cables we have been talking about for a couple of weeks now.....SUCCESSFULLY TESTED LAST WEEK...AND READY TO GO THIS MONTH
Undersea cables to give Iraq 'major communications leap'
(19/12/11) -- By Mohammed al-Qaisi in Baghdad
Undersea communications cables that will connect Iraq to the outside world will soon be operational, the Iraqi Ministry of Communications announced last week.
Minister of Communications Mohammad Tawfiq Allawi said at a press briefing in Basra province that the project, which has been implemented by the Qatari GBI company for the past three years, will go into operation within the next few weeks.
"This project will introduce a major leap for communications in Iraq," said Allawi.
"Relying on sea cables is much better than having communications transferred through satellites, in terms of speed, clarity of sound, and even from a security standpoint."
Allawi said in the future the cables could be directed on land towards Turkey and from there to the rest of Europe.
Hani al-Sabawi, director-general of the Iraqi International Information Company, told Mawtani the cost of the project came to $36 million.
"The project will end the private companies' monopoly of the internet sector and provide continuous service for all Iraqis 24 hours a day at a cost of about 13 dollars a month."
Al-Sabawi said during the next few days, the project's personnel will connect the cables to reception feeders in Basra and from there to all Iraqi cities.
"Iraqis will have excellent service that will match the services found in the other countries of the world."
He said the company working on the project conducted a successful trial operation of the cables last week.
Dr. Khalil Marwan al-Jaff, a member of the Iraqi communications commission, said Iraq will not impose censorship on the internet or any restrictions that would limit the freedom of users.
"The rumours being circulated by some claiming that Iraq will curb or close a number of websites and ban surfing on the local internet network after the project goes into operation are not true in the new Iraq. Their aim is to incite the people. There are no restrictions or curbs on freedoms," he told Mawtani.
"There will be efforts to make people aware of the dangers of the pornographic sites, and those that promote violence, extremism, terrorism and exclusion."
Ashour al-Karbouli, member of the Iraqi parliament's development committee, said the project will end the problems Iraqis face when they try to connect to or use the internet.
Al-Karbouli told Mawtani the internet service and digital communications will reach the most remote areas in Iraq.
"It is a great thing to see the internet service reaching Iraqi villages after they had only heard about it. Schools and government offices will be interconnected through the internet and the service facilities will be able to rely on the internet to provide services to the citizens, which is one of many other benefits rendered by the information network."
The Investment Commission
The Investment Opportunities with MOC
following our notes or vision in terms of available opportunities for investment with the Ministry of Communication (MoC),that’s for seeking of improvement the telecom sector in Iraq through investment agreement with MoC including details for mechanism proposed for sharing the revenue according the type of the project.
First/ Investment in Optical Networks
The Investor can install and run fibber cables network through the nationwide in compliance plant and technical specification of MoC the administration of this network and operation will be drive by the MoC due to security requirement. The percentage of sharing revenue, from renting the services through this network to other public companies and telecom operators, will based on the agreement.
Second /Investment in fixed line switches & outside plant
In such a sort of project the investor should have to furnish, install and operate switches with cable network for last mile accordance to the detailed plan proposed by two parties “Ministry &Investor”. This project is aiming to increase the number of fixed subscriber lines. The operation and management will be drive by MoC due to security requirement. The percentage sharing revenue is pursuant to the agreement between two parties.
Third / Iraq Inter connection with neighbours’ countries project
The project includes furnishing, installing the fibber networks to inter connect Iraq with neighbours countries at multiple border access points for carrying out the international telecommunication traffic. The proposed agreement will gives the details of technical specification and the guidelines of inter connecting routes with neighbours’ countries also the sharing percentage of revenue. The operation and management will be drive by ministry.
Fourth / Network Maintenance Project
The ministry will provide to the investor for this project the scope of work for maintenance the out plant copper and fibber cable networks, so the investor can take his consideration for equipment and machineries required for this project. The mechanism and percentage sharing revenue will be based on the agreement between two parties.
Fifth/Web sites hosting
This project is for building centres participated for providing host web sites within the domain allocated for Iraq (iq). That’s by coordination with the State Company for Internet Service (SCIS) where the management of this project will be monitored by the ministry. The sharing revenue is according to the agreement between both parties.
Sixth/ the postal offices computerization:
The ministry has many postal offices in all over Iraq that still work on the manual usual methods, so the investor could rehabilitate the offices electronically by providing them with computers and electronic connection systems connected all to gather in only one net work, which will activate the postal process in Iraq in a short period, that will be according to an agreement between both parties, for sharing the revinue.
Seventh/ the e- payment project:
In which the postal offices to deliver the items that are bought electronically by people, so the investor will be the sponsor of the e- payment project by an agreement with the ministry on the possible cooperation and the facilities that would be provided to the investor.
Eighth/ building training centers construction:
The investor will build the specific training centers for the telecommunications proposes in addition the electronic signature and all what Iraq needs to be keeping in tuch with the I-tech in the world, the centers would not be limited for the ministry officials but all other technical ministries and public.
Ninth/ the location and areas:
The ministry and its subsidiaries have many properties (telecommunications and postal centers) and possessed areas of land all over the country to construct many projects according to the geographical, nature and the population density. The ministry would provide the investor the detail information about the land that he would invest in, interms of location and area and make agreement for mechanism and sharing revenue.
Joey shares her thoughts after reading about this important information
What is holding up the RV...much more discussion about it on the replay...
When I read this today...if you were going to RV your currency what you would need to do that.....Wouldn't you want all of your banks and ATMS working so that our country could open up all at the same time...
I think Shabs has been waiting for this to be completed.....
this actually unites all of the banks and would be
KEY ESSENTIAL TO THIS RV.... If you are looking at what needs to be done... this is the most important thing - this project started 3 years ago and will be completed by the end of this month.
pretty amazing SUCCESSFULLY tested last week
As we have said in the past - this is about to make an international corridor throughout the Middle East and will tie all of those countries together.....
What a great night of news, analysis and discussion ...listen to the call for all the rest of the news shared - it was great news....we are getting closer every day......
The Shabibi Train is Moving Faster and Faster....... Get R Done!
As Always.... Discussion and Analysis of the Latest Iraq, Dinar & RV News....Pre & Post RV Information...Q & A
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