(Post by Debbie, The IQD Team)
The IQD Team Conference Call
October 11, 2011
Transcription & Articles
"Joey, Vic, Diana, Tim, Debbie & Yukon"
As Always.... The Latest Iraq/Dinar Discussion and Analysis
Post & Pre RV
CC Replay Oct. 11, 2011
or Replay # 760-569-7699 Pin 219055#
This is abbreviated information and the articles from the Call Last Night...Listen to the entire call above to hear
all the News shared last night.......All about Iraq & the Dinar
Great News Night..........So many great articles and so many things getting completed........
Favorite Article Below- Joey said....WOW....THIS ARTICLE IS LIKE HOLDING AN RV IN YOUR HANDS....
The government sends a report to Congress tomorrow on the mechanism for disbursement of the Iraqi 2011 budget
Start of a NEW ERA......DAWN OF A NEW DAY.........A WHOLE NEW ERA FOR IRAQ........Loved that....
Joey discusses Allawi and the interesting comments in the news.....discusses it again with Lojak from Peoples Talk Radio PTR (aka Mr Parliament - our nickname for him) during the Q & A
Great discussion...........Neither think it can wait any longer for this RV.............Yippee!!!
Thanks to Brenda for compiling this information....
Joey: Starting with the article that got the dinar community all hyped up......hoping that Mr. Parliament (LOJAK)
is out in the audience tonight wants to talk to you after the news about Allawi....
Read More Link on Right
The government sends a report to Congress tomorrow on the mechanism for disbursement of the Iraqi 2011 budget
11-10-2011 | (Voice of Iraq) - (Rn)
The Iraqi government said it would send, on Wednesday for a detailed report to the House of Representatives on the mechanism of exchange balance in 2011.
The Iraqi Parliament approved 20 of the month of February last the 2011 budget of $ 82.6 billion dollars, of which $ 25.7 billion of investments, to estimate the price of a barrel of oil at $ 76.50, and exports will reach 2.2 million barrels a day, a budget the largest in the history of Iraq.
The government has predicted that the deficit of $ 13.4 billion, Iraq relies on oil exports by about 95 per cent to support the budget.
The Economic Adviser in the government peace Qureshi, told the Kurdish news agency (Rn) that "the Iraqi government tomorrow will send a detailed report to the House of Representatives has the mechanisms for disbursing the budget in 2011."
"The report contains the process of recycling of funds that occurred in the 2011 budget and how the government deals with the important financial files, particularly with respect to disclose the final accounts of the ministries every three months."
He Quraishi that "the government followed a new mechanism in the disbursement of the budget in 2011 to prevent the accumulation of provisions and operation of a large proportion of them despite the fact that the investment part of 20% of real value."
The Integrity Committee in the Iraqi parliament has demanded on Monday the government headed by Nuri al-Maliki by providing them with official documents that show the financial aspects of the Iraqi exchange budgets in the years that followed the fall of the former Iraqi regime in 2003.
A member of the Sabah al-Saadi (Rn), "The Iraqi government did not send the documents and the documentation for the statements of final accounts since 2004 and until this year because they sent files that are not official does not contain vouchers financial budgets of previous years and reduced the papers illustrative of the process of exchange."
He explained that "the Parliamentary Integrity Commission sent official letters to the Iraqi government to send in the files of the previous fiscal budgets in a transparent manner away from the foggy and covering the operations of financial corruption."
He Saadi said "what the government does not send clear mechanisms for the disbursement of funds and percentage of completion of projects and how to contract with companies that carry out government projects."
Government figures indicate that Iraq's budget for next year will amount to 131 trillion Iraqi dinars (about $ 112 billion), up 36% from the current year budget and a deficit of 23.3 trillion Iraqi dinars (20 billion dollars).
The government says the deficit will be met from cash retained from the current year budget 2011 is internal and external borrowing and the rate of savings is expected to increase selling prices or increased oil production or borrowing from the IMF and World Bank.
Joey: Vic lets discuss this article and what it really says...and the implications of what it really says
The 1st thing that came to my mind when I read this....If you are really going to send out info about the
2011 budget and you are going to start disbursing monies that have not yet been disbursed......
In 2011 they recd the DFI Funds plus full access to all oil money....
I would assume if you are going to pay out any money to anybody, part of that money would have to go to the citizens..
Vic says 100% correct
Joey: I also thought....what about the contractors that havent been paid..some of them have waited along time to be paid...some haven't been paid.....when I read this I kept thinking WOW....This article is like holding an RV in your hands....would you really pay the citizens or contractors after you show them the amount of money in this budget and the disbursement of it ...would you pay them in re-revalued currency...
Vic & Joey: Discuss the details in this article..the oil and figures and so much more etc...listen to recording....
Joey: Next is the government....Allawi gets his own section today.....
Commendable rule out an emergency session of the House of Representatives to vote on the security minister
Prime Minister Nuri al-Maliki said in a television interview that the Iraqi List, often provide the names of candidates affiliated with the Department of Defense to the Baath Party or armed groups except the candidate Khalid al-Obeidi
Click on link for rest of article:
Joey: There is that name again....Name still in the running.....Khalid al-Obeidi.......hmm.....
Suhaila Abed Jaafar: Work calls for the Iraqi parliament to postpone the holiday legislative term
Council to consider political action to Iraq with concern the current situation, battered by the winds of controversy and differences between the political blocs and the serious consequences that must be reckoned with account set as consideration the interests of the country and its citizens before the interests of the bloc and the party.
She concluded by saying that the leaders of the Council agreed unanimously at their meeting to remind the masses of political promises and electoral programs; which carried the slogan of serving the nation and the citizen, which has become at present part of the past; and invite the government to pay attention seriously to address the gaps in the security file and find the file service and urged them to resolve all outstanding issues in the political side to achieve the concept of partnership with the other in its true sense in decision-making in word and deed.
Information Office Political Council for the work of the Iraqi 10/10/2011
Click on link for entire article:
Joey: very possibly Not going to take a holiday...maybe they are going to stay there and do there jobs...
Integrity parliamentary government is demanding clarification of aspects of budgets, financial exchange
Baghdad, October 10 / October (Rn) - called the Integrity Committee in the Iraqi Council of Representatives on Monday, the Iraqi government led by Nuri al-Maliki by providing them with official documents that show aspects of exchange budgets of Finance of Iraq in the years that followed the fall of the former Iraqi regime in 2003. Iraq has been trying since the lifting of the siege, to exploit its resources in rebuilding the country devastated by wars and sanctions for decades, but the lack of transparency and corruption, stands a major impediment to progress steps effective. A member of the Sabah al-Saadi told the Kurdish news agency (Rn), "The Iraqi government did not send the documents and the documentation for the statements final accounts since 2004 and until this year because they sent files that are not official does not contain vouchers financial budgets of previous years and reduced the papers illustrative of the process of exchange. " He explained that "the Integrity Commission Parliamentary sent official letters to the Iraqi government to send in the files of budgets fiscal transparent away from the foggy and covering the operations of financial corruption. " The report showed "indicators of corruption," published by Transparency International last month's issue of Iraq, Somalia and Sudan, among the ten most corrupt in the world among 178 countries. Iraq has the fourth-largest oil reserves in the world and imports are oil about 95 per cent of the budget of Finance. Saadi explained that "what you send the government does not clarify the mechanisms for disbursement of funds and percentage of completion of projects and how to contract with companies that carry out government projects." From: Mohamed Tayeb. Open: Abdullah Sabri
Adviser: Maliki agreed to all demands of the Kurds, including the application of Article 140
this is between the President of the Kurdistan Alliance bloc Fuad Masum, the conference held after the end of the meeting the delegation of Kurdistan with the National Alliance: that the meeting was serious and fruitful and frank, full and the fact that the delegation from the Kurdistan region aimed not Find all things Kurdish purely as they were in his situation is the Iraqi public as to be of interest to the Iraqi situation in all its aspects and we are with the support of the situation and in Iraq to be able to face all the problems encountered and possibly plots that may hatched against him and must strengthen our internal front to stand against those conspiracies against all the attempts that you want to undermine the Iraqi situation.
and among the infallible guarantee that the research of many subjects such as the conventions of Arbil and the conclusion of agreements other part of them may need to review or establish mechanisms for its implementation. / End / n 2 ... r / ..
Click on link for entire article:
Al-Jumaili new Electricity Minister
Baghdad, Oct. 10 (AKnews) - The Iraqi parliament approved Abdul Karim Aftan al-Jumaili from Iraqiya List as new Minister of Electricity.
Click on link below for entire article
Joey: wants to discuss Allawi..my subject for the evening.....
Salman Jumaili: discount Maliki candidate Defense .. And resolve the internal candidate, the National Alliance
Ali Abdullah - 11/10/2011 PM - 8:48 p.m. | Hits: 41
Demanded the head of the / coalition in Iraq / Parliamentary Deputy Salman Jumaili, Prime Minister Nuri al-Maliki and the National Alliance, to provide a candidate of the Ministry of the Interior, and the resolution of candidate defense.
The House of Representatives has voted by majority to give confidence to the government of Prime Minister Nuri al-Maliki, without the security ministries on 21 December last year.
Jumaily said in a press statement on Tuesday: In the event of continuing disagreement with the candidate, the Iraqi Ministry of Defense, and the lack of a candidate for the Interior, will be the crisis, and will continue the fragile security situation.
He Jumaili: not only on Iraq to resolve its candidate for the Ministry of Defence , but on the National Alliance to settle the candidate of the interior, are always demanding the National Alliance decisively candidate defense, he has not decided yet candidate of the interior, so the national Declaration of candidate formally, and to make the Prime Minister concessions and choose one of the names nominated for the Ministry of Defence.
Earlier , said the leadership of the coalition of state law and the MP / National Alliance / Salman al-Moussawi, the candidates of the coalition of the Interior are ready, and will announce them after deducting the candidates of the defense.
Moussawi said: that the candidates of the National Alliance for the Interior Ministry ready, and pending resolution of a candidate and the Department of Defense, in order to bring a basket one, indicating that in the event were presented candidates internal to the House of Representatives will be Iraq's was, in the absence of a candidate for defense.
The MP for the National: the existence of more than one candidate for the Interior within the National Alliance, all of whom are highly experienced in the field of security, there are no objections to them.
Deputy for the rule of law holds a minister and political blocs failure to approve the rules of procedure of the Council of Ministers
Download Deputy for the State of Law coalition of political blocs and ministers in the cabinet delay in approving the rules of procedure of the Council.
The MP said Ihsan al-Awadi told all of Iraq [where] on Tuesday that "the responsibility not to deciding the issue of adoption of the rules of procedure of the Council of Ministers are the ministers of the Council themselves are Almssúlan for the delay not to develop mechanisms to vote on the bills and how to deal within the Council."
He added that "the current cabinet is working according to the rules of procedure of the old blocs agreed political upon which today is also responsible for failing to amend or update the rules of procedure for not urging or pressure on the ministers as representatives of them inside the cabinet, and it is known that the Prime Minister had said earlier the formation of a committee of relevant ministers to prepare a draft of the rules of procedure, taking into account the political consensus, provided that do not affect the performance and the powers of the board or interfere with it. "
The existing Iraqi President Iyad Allawi has accused the coalition of state law while announcing the abandonment of policies that the Presidency of the Council is responsible for the failure to approve the rules of procedure of the Council of Ministers, also called the National Accord Movement headed by Allawi, to approve the rules of procedure of the Council of Ministers
Deputy for the Liberal bloc: the Iraqi rule of law to compromise the security ministries to resolve the crisis
Student member of the Liberal and Bloc MP / National Alliance / Rafi Abd al-Jabbar, the existing state of law and the Iraqi security ministries decisively as soon as there are many decisions need to be signed by the Minister and not to sign the proxy.
Abdul-Jabbar said that the Iraqi List and the rule of law bear the responsibility for delaying the resolution of the security ministries, but not for the purpose intended of them.
The Abdul-Jabbar, the arguments offered by Iraq where some of the logic and arguments provided by the Prime Minister by the type of logic, where Maliki wants to be a security system consistent and homogeneous for the purpose of ensuring the security file, especially the security file is one of the hot spots in Iraq, and continued: At the same time is considered as the Iraqi Ministry of Defense established the right of election on this basis, the government must be the Minister of Defense.
He said they make mutual concessions in order to resolve this file as soon as possible, noting that many of the decisions, particularly with regard to appointments in the two departments need to be signed by the Minister himself and not signing the proxy.
The Abdul-Jabbar to the existence of meetings of the correlation between the political blocs and their use to resolve this issue and especially since there are positive signs began to emerge to the surface despite the abandonment of the existing Iraqi President Iyad Allawi for the presidency of the National Council after all felt that this law can not be passed in Parliament.
Earlier, I expected an MP for the coalition in Iraq Nahida Daini, to remain without the security ministries and minister to the end of the fact that the Maliki government does not trust any minister receives the security ministries
Dani said in an earlier statement (the news) that the security ministries will remain without ministers to the end of the government because there is a trend in the government in comparison to the Arab situation and the challenges of the neighboring countries that it does not appoint any minister of defense because of lack of confidence in the political blocs
National reconciliation, approval of the candidate does not indicate the power breakthrough
Baghdad, October 10 / October (Rn) - The Iraqi National Accord Movement, led by the existing Iraqi President Iyad Allawi said Monday that Maliki's approval to take over its candidate,
Click on link for entire article
Deputy for Iraq: Allawi would head the National Council .. And the law as you want the Iraqi
Representative for detection / coalition in Iraq / the fact that the existing Iraqi President Iyad Allawi would head the National Council of the Supreme policies after approval in parliament.
The head of the Iraqi List, Iyad Allawi, has said giving up the presidency of the Council, said: I declare that I refuse to be in the Presidency of the Council or a member of the policy, although the Council is of the
elections and the approval was based on political consensus.
Said MP Abdul Khader al-Tahir (of the Agency news) on Monday: that the existing Iraqi President Iyad Allawi refused the presidency of the National Council of the Supreme policies but did not reject the Iraqi
Allawi for this Council to convince him that was to take over this council.
Tahir said that Allawi would head the National Council after the approval in parliament and will be as you want, Iraqi and effective decisions and investigator of the National Partnership.
Iraq will hold a meeting to choose an alternative Allawi to head the Council policies
Said a member of the Iraqi List MP Thamer al-Alwani, the mass will be held during the next two days, a
meeting to choose the person's alternative to Iyad Allawi over the Presidency of the Council of the National
He said al-Alwani told the site (Khandan): The development of the National Council of the Supreme policies came under the Convention on the Erbil, which was formed from the federal government headed by Nuri
al-Maliki, noting that the stalling of some of the blocks to the implementation of the agreements that exceeded (8) months, the reason for declaration of the President of Iraq, Iyad Allawi, for giving up the presidency or the membership of the Council.
He said Iraqi MP: The choice of the person alternative to Allawi to head the Policy Council is up to the leaders list, and that during the next two days will be meeting for the leaders to choose the person,
stressing that the Council is the entitlement and national Atnkhaba of Iraq, and it will not give up its development.
At the end of last week, the head of the Iraqi List, Iyad Allawi, giving up the presidency of the Council, said I said I refuse to be in the Presidency of the Council or a member of the policy, although the Council is of the elections and the approval was based on political consensus.
State of Law, US ignoring Strategic Council - al-Iraqiya
BAGHDAD / Aswat al-Iraq: An al-Iraqiya Bloc MP accused the State of Law Bloc and the Americans of ignoring the role of the Strategic Policies Council, stressing that the Bloc will press for the implementation of other political agreements.
MP Wihdaq al-Jumaily told Aswat al-Iraq that al-Iraqiya Bloc is adament about the implementation of power division and will not accept the Strategic Policies Council alone.
She added that the bloc will press for judicial, administrative, and political reform, in addition to the statute of the Cabinet.
Jumaily confirmed that Allawi should preside over the Council.
Al-Iraqiya Bloc's leader Iyad Allawi announced last Thursday his rejection of presiding over the Council due to "the absence of national partnership" and " unilateral power control."
Kurdish President Masoud Barzani made an initiative to solve the dilemma of the present government in September 2010, after which the Iraqi government was formed.
Joey: Mr Parliament (Lojak from PTR) Let me repeat this to you again...
"MP Wihdaq al-Jumaily told Aswat al-Iraq that al-Iraqiya Bloc is adament about the implementation of power division and will not accept the Strategic Policies Council alone."
Joey......National Alliance....National movement National Supreme policy and the strategic policy...all tied back to Allawi
Being referred to over and over as Prime Minister Allawi....
Never saw that before........never referred to him as PM in present tense......
Are they showing respect to him because he gained extra power without an announcement being made?
We both know he is NOT leaving.....never going anywhere.....who was dealing with NATO....hmm
For a man who supposedly resigned the other day......all these articles says he is LARGE AND IN CHARGE....
Discusses with Vic and wants to discuss this later during the Q & A with Lojak from PTR (Mr Parliament as we call him).
Joey: Lets read about Shabibi and the Dinar.....
Deputy Central Bank Governor: Inflation under control, did not reach to the level of risk
On: Tuesday 10/11/2011 12:06
Baghdad (news) .. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, that monetary policy is able to reduce the rate of inflation in Iraq through to take the necessary measures to reduce it, indicating that inflation is now under control by the central bank was not up to the level of risk.
The Saleh in a statement to the Agency (news) on Tuesday: that the monetary policy of the Central Bank is able to take the necessary steps and actions necessary to curb inflation happening in Iraq, through the control of the proportion of cash as much as possible and to influence the external value of money, in addition to the use of some policies as a policy exchange rate or interest in order to reduce the rate.
Salih stressed that inflation is under control, unlike conversations exaggerated that it reached the extent of risk, and continued: it becomes more serious when a proportion of tied places and now is the rank of one decimal.
The Deputy Governor of the Bank Central: In the past, the inflation rate not exceeding (3%) and now (4%) due to the world's expectations of inflation, which led to increased wages for real estate and food and so on, making the inflation build themselves and moving upward, calling for monetary policy to take the tools necessary and procedures necessary to halt the inflationary expectations and reduce the constant increase it. / End / 8. n. r / ..
JOey: What were the tools & procedures Shabibi has...bring banks in line...restructure currency and revalue it....
For some reason this article had many upset...and she could not understand why....this article was the best news she read
Central Bank: the new currency will be issued to groups of small metal
11.10.2011 | (Voice of Iraq) - Baghdad / center breaking news / follow-up
of the Iraqi Central Bank explained the details of the new Iraqi currency, which will be issued within three or four years to come, which will be in three languages, including the codification, including the categories of mineral dinars.
The adviser said the bank the appearance of Mohammed Saleh said in a statement that the idea of changing the currency began to mature gradually, although referred to the Economic Committee in the Federal Council of Ministers since (2007).
indicating that the existing currency will go through two stages; first: Delete the zeros. The second restructuring, and launch the new currency for trading in the markets during the three or four years. And the benefit: The new currency will be in three languages (Arabic, Kurdish, English), as well as there are groups of small metal.
noting that the experience of changing the currency took place in many States and was successful, as in Turkey and in Germany and Russia. and delete the yellowing, said the central bank adviser: The category Iraqi monetary omit one of three zeros, ie, (1.000) «thousand dinars» become «one dinar« only, as well as other categories, as We will issue the currencies of large and small k (50) «fiftieth JD» or (100) «hundred dinars», equivalent to (50,000) «fifty thousand» or (100,000) «a hundred thousand dinars» At present, emphasizing changing the currency does not affect the commitments with the States, or deal with it internally.
Joey: Everyone was freaking out ....I could not understand that...this was good news.....2007....referred back to a study in 2007...
looking at a process completed in 2008 and within 3-4 yrs restructure and revalue the curency...which is 2011...
This is a great article.....
When you read articles sometimes they are very misleading...you can skip right over the important...lot of things based on studies.
Shabibi began restructuring the banks in 2006 and they did have a policy about how long it would take...
Remember the counterfeiting article we read that said they were 1 yr late because of counterfeiters...Dinar Fever article.....
the process of restruturing because of them....they were terrified to RV counterfeiters and other neighboring countries....had to really take care of this before they RV their currency....
Dinar is equal to the dollar!
Palm - Deputy Governor of the Central Bank of the appearance of Mohammed Saleh: that the bill included proposals for a new currency and the groups that carried and details of technical and economic.
Saleh pointed out during the permit media to switch the currency and the deletion of zeros decision taken by the executive branch and approved by the legislature, and that the project will not be implemented hastily, but will be taken among other factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators in the favor of the view that This law, if approved, will have a positive impact on the Iraqi currency in several aspects of the need during the next phase, which will strengthen the value of the Iraqi currency.
He described the favor of a system of cash payments of the current Iraqi regime miserable, noting that the largest denomination in which value does not exceed twenty dollars, stressing that the deletion of zeros will enhance the value of the Iraqi currency, and reduces the cost of handling cash, currency should its current estimated size of today Petrlionat dinars, making the process of dealing monetary cost is high.
And the concerns of rigging the new currency in the event made or it will affect negatively on the economic situation, responded in favor of: that it reflects the look bleak, do not forget that there are other countries in deciding to switch its currency and dropped them zeros, such as Turkey, Romania and Brazil, without being of its economy to shocks and thus Iraq is not engaged in unknown waters or walking on the road did not knock him one before is likely to include the new currency for the population of the coin by the paper.
The increased zeroes on the Iraqi dinar to the days of inflation, which came on the value of the Iraqi currency as a result of previous wars and the subsequent economic blockade was over, the currency of Iraq to the paper was printing the former regime, issued in large quantities without the cover, while the Iraqi dinar until the mid-eighties equivalent of more than three U.S. dollars.
But the adviser to Iraqi Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge said in a press statement: that corruption is rampant in state institutions and the low level of efficiency and economic situation in general at this time not in favor of lifting of the zeroes.
He pointed to what he said that he was pitfalls will change the currency, and the deletion of zeros, including the risk of fraud and increasing the demand for goods for reasons of fake due to payment of dinars instead of a thousand dinars, as now, explaining that the re-printing of new currency will have the costs of expensive, stressing that attempts will be made to convince the bank Central plans to slow down in this regard.
Previously, the President of the Iraqi Securities Commission confirmed that, earlier, that the deletion of zeros from the Iraqi currency will not affect trading in the Iraqi Stock Exchange and its shares
The director of a money transfer companies externally Sami Rashid: I think that lifting the zeros from the currency will increase confidence in the currency, and will lead to increased purchasing power of citizens, and the phenomenon of trading blocs will drop large cash used by Iraqis since the nineties.
He believed economic analyst Talal Jassim said the switch of the Iraqi currency a necessary but pointed to the need to provide the conditions necessary for its implementation, particularly the security and political stability, adding that the relative stability of the Iraqi currency after the issuance of currency recently, and the result of the return link Iraq to the global economy and the availability of reserves of foreign currency due to oil exports , encouraged the Central Bank to consider the deletion of zeros.
Jassim added that the lifting of the zeroes of the three will lead to an exchange rate of one dollar per dinar to Jasim, who called to the need to follow the policies of peaceful citizens and to persuade them to get used for a period not exceeding two years.
Joey: When did that next phase start.....July 1, 2011..start of a new era.....dawn of a new day.....a whole new era for Iraq according to the UN...US...everybody
Security and stability...do you think our troops have something to do with that and a having a fully seated GOI could be the other part of that?
listen to that again....the result of the return link Iraq to the global economy and the availability of reserves of foreign currency due to oil exports , encouraged the Central Bank to consider the deletion of zeros....Thats a big WOW....
Sumaisem: the return of the coin guide to control inflation
Palm trees - was considered an expert economic peace Sumaisem work to re-coin evidence of controlling inflation, as well as to improve the value of the Iraqi currency.
The central bank decided to introduce coins as part of his plan to restructure the currency, which requires government approval and the Council of Representatives for a strategic plan that it will contribute in supporting the Iraqi dinar's value in financial trading.
Said Sumaisem in a press statement on Sunday: The absence of coins in Iraq was caused by inflation, which occurred at the time of the country, so we export large groups did not, we can instrument a metal, the piece was collected in paper explained that the central bank's decision to re-coin proof that there is no control on inflation with the benefit of the few groups even if the means of transport (Karwa ownership).
She Sumaisem whenever there are small groups can be used in circulation means higher inflation become any plans that the structure of the currency moving properly, citing the need to encourage and support this step as it positively affect the Iraqi economy.
He said the central bank to the project of coins in 2004 was not successful because it has not been as comprehensive reforms to support the financial value of the Iraqi dinar in the global market, adding coins is not a low currency, but will be of currencies important medium and used for trading banking simple trading of the Interior.
Joey: Everybody is getting on Shabibis bandwagon.......
The Iraqi judiciary to order the recovery of fugitive director of the Commercial Bank of Lebanon
Palm - The General Secretariat of the Iraqi Council of Ministers, the issuance of an order from the Iraqi justice system requires the recovery of the Director Commercial Bank of Hussein Al-Azri fugitive from Lebanon and accused of wasting millions of dollars, while referring to conduct audits of large may lead to the arrest of others, revealed the restoration of some fifty million of those amounts.
The Secretary-General of the Council of Ministers on the Keywords in the press interview that the Commission on Public Integrity has obtained from the judiciary on the order to re-director of Commercial Bank of Iraq Hussein Al-Azri fugitive to Beirut and accused of wasting millions of dollars to Iraq, noting that all the legal papers that prove conviction Azri sent to Interpol for the purpose of back.
Keywords stressed that the competent authorities to restore amounts of up to fifty million dollars of such amounts pointing out that contacts with borrowers to return the funds.
For entire article click on link
World Bank announces its readiness to support Iraq in the orientations of the implementation of projects to pay on credit
10/10/2011 | (Voice of Iraq) - Loay al-Rubaie - Fayhaa major international banks have expressed their willingness to support Iraq in the direction to pursue the style of the implementation of projects to pay on credit in return for guarantees from the government through the issuance of sovereign bonds to support this program. The Director-General of Trade Bank of Iraq Hamdiya dry after returning from America after their participation in meetings of international banks that the results of her meetings with the heads of banks were successful, including JP Morkn and resulted in the formation of a joint committee to restore the amounts of private and ministries, the Iraqi parked 4 years ago because of disagreements between the processors and contractors with them and return these amounts and deposited in the Development Fund for Iraq. In the meantime, revealed dry for the achievement of the Iraqi delegation gains new was the possibility of open credit line of credit at the rate of $ 25 million and to extend the guarantee for the longest of the year in order to support the Iraqi private sector in addition to a proposal by the TBI to reduce commissions on funds to mitigate the burden of Iraqi consumer and activating the role of guarantors of global banks for its companies operating in Iraq.
From Baghdad to Basra, this is a country full of potential
Moving to Iraq sounds like a risky business, but HSBC's James Hogan told John Reynolds he found hard-workers building a brighter future
"When I first landed in Baghdad, I remember thinking to myself that it was a very dangerous place and that I was risking my life," says UCD-educated Dubliner James Hogan, who has been running the Iraqi operations of UK banking giant HSBC for the past two years.
Amid these surroundings and while investment from consumer, infrastructure, property and oil multinationals have poured billions of dollars into the reconstruction of the country that has seen annual GDP growth of 11%, something as relatively simple as arranging a meeting during his work involving the opening of 16 branches across the country required a lot of advanced planning and orchestration.
(Click on link below for entire article)
Deb: What was that GDP over 11%....Shabs told them 12.....
network of counterfeit currency linked to senior officials
Author: the future of Iraq
source revealed that the security forces managed to capture the network of counterfeit currency linked to the Minister and parliamentarian. The source, who preferred not be named for fear the progress of the investigation: that the case was referred entirely to the judiciary is in the process of investigation, indicating that the network She was arrested claimed that it is related to the Minister and Parliament and influential of these belong to the large parliamentary bloc. Without disclosing any names. The «that there is huge amounts printed in Beirut and moved to Baghdad, saying« that the fear of breach of the investigation requires not to mention the names contained in the documents and are investigated and will be unveiled soon ».
Iraqi cash and phone missing after Watford burglary
Iraqi cash and a Nokia phone are missing from a Watford home after a daylight burglary.
Police said the house on King Georges Avenue was broken into between 1.30pm and 3.20pm on Friday October 7.
The occupants later found approximately 140,000 Iraqi Dinars – around £70 – was missing as well as a Nokia mobile phone.
Officers are appealing for anyone who saw suspicious activity in the road or knows of someone trying to change Iraqi Dinar to get in touch.
Investigating officer, PC Andy Moss, said: “I am appealing for anyone who was in the local area around the time the incident took place and saw any suspicious behaviour to get in contact.
“I’d also be interested to speak to anyone who may now come across any Iraqi Dinar.
"This form of currency is not regularly seen in the UK and it could be that the offenders will try to get the money exchanged somewhere.”
Anyone with information is asked to contact PC Moss on the non-emergency number 101 citing crime reference number C1/11/5486.
Alternatively contact Crimestoppers, the independent charity, anonymously on 0800 555 111.
Joey: Very scary...cell phone has all of your (favorite) contacts name in it and the person who stoled the phone could find these
other people who might also have dinars......makes you wonder....cell phone is your lifeline.....
Joey: wants to talk to you about the troops....Deb and I had a conversation about this today.....immunity is so important....
found something interesting in an article today.....did they actually get immunity....all conflicting articles...
Iraq offers options for U.S. troops to stay beyond 2011
(Reuters) - Iraqi Prime Minister Nuri al-Maliki said U.S. troops might still be able to stay in Iraq as trainers beyond a 2011 withdrawal date, even though the country's political blocs have rejected giving immunity to any American soldiers.
Maliki last week won backing from Iraq's leaders for U.S. troops to stay on for training, but without the legal immunity demanded by Washington as part of an accord for an American military role in Iraq more than eight years after the invasion.
Maliki told Reuters U.S. troops could be attached to the existing U.S. embassy training mission, or join a broader NATO training group, rather than seek a bilateral deal requiring U.S. immunity that would fail to pass Iraq's parliament.
"Since the need for training exists and all the political blocs acknowledge that, we have a number of choices. Now there is a dialogue between us and the Americans," Maliki said in an interview at his presidential residence in Baghdad.
"We are heading toward securing trainers and experts for the American weapons we purchased, but without immunity and without going to parliament."
Washington had said no training deal could go ahead without U.S. troops receiving similar legal protections they have under the current agreement, which essentially keeps troops under U.S. jurisdiction for certain crimes committed on duty or on base.
It was unclear whether alternatives proposed by Maliki would be acceptable to Washington as U.S. officials have said any training in the field that puts U.S. troops at risk of attack would require the type of protections approved in parliament.
"You could say withdrawal and immunity might be seen negatively, but we and the Americans understand this positively, we understand our two countries cooperate closely," Maliki said.
"We are negotiating on this matter, but as I have said, the most serious part of negotiations is over (legal) cover."
TEST FOR COALITION
The U.S. embassy already has military trainers attached to its Office for Security Cooperation in Iraq, where uniformed military, as attaches, could come under diplomatic protection of the U.S. State Department.
NATO, which now has only 160 staff in Iraq, has a small training mission that will stay through 2013 providing expertise in logistics and policing.
Iraqi lawmakers are discussing an extension of the NATO mission which would allow trainers in many cases to come under their own country's legal jurisdiction for certain crimes.
Joey: That might solve everything......
Deb: Think that did....we know how important immunity is.....from the articles you have found
Maliki: we study the possibility of purchasing radar systems operated by U.S. forces in Iraq
Prime Minister Nuri al-Maliki
Maliki said: "I want to say that the understanding about withdrawal and immunity may understand the negative side, the U.S. and we understand it in a positive understand that the two countries cooperated closely and we have defeated al Qaeda stable democratic country, elections and the task is over."
He added: We are negotiating on this (issue), but also show you now is the most serious negotiations on the provision of legal cover under any title and the rest of the stuff comes in natural contexts. "
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Maliki: build an army able to protect Iraq
U.S. forces received base of the Imam Ali the end of
Prime Minister Nuri al-Maliki, "We do not think an army offensive or intrusive or Ahtlala any other nation, but a defensive force should be a defense capability really the level of protection of these large area of land. and he said in an interview with Agence Reuters said that "Iraq was considering purchasing a number of radar systems operated by American forces in Iraq as a means of enhancing the efficiency of air defenses," adding that Iraq will buy planes from France, Russia and other countries. In the same context, a spokesman for the U.S. military yesterday said the military will hand over the base of Imam Ali Military in the city of Nasiriyah (375 km south of Baghdad) to the Iraqi authorities at the end of December. said Maj. Harold've spokesman for U.S. forces in the Third Brigade, First Infantry Division in a press statement that the withdrawals take place as scheduled, and according to schedule according to the Convention withdrawal.
He explained that the measures continue to move military equipment arrived in the bulk to the United States and the other part will turn, and plan the end of this month to transfer the soldiers and there is a military force combat supported by aircraft will remain in the military base to secure the withdrawal of U.S. troops will leave Iraq by Kuwait. He added that all the military forces at the base of the Imam Ali military leave in late December of this year, according to the security agreement will not keep any troops in, handing over al-Qaeda to the Iraqi side except in the event of a change in the agreement or request the Iraqi side of it. and MP Mohammed Saadoun Chihod for a coalition of state law and there is pressure from the United States on the Iraqi government to keep its troops in Iraq to protect its allies from the Arab revolts spring.
Joey: They say they handing over this defensive force air strip
but then they went out and bought radar..and we need to train on how to use the radar ..how does that work??
guys are leaving but they are not really leaving
they are not really military...but you bought radar (which they dont know how to use)
have an air strip
so the troops are leaving unless Iraq side ask them to stay
Can you say double talk...
Deb: Seems like everything is getting completed.....immunity....security...dinar...inflation....
Joey & Yukon.....discuss several other final issues.....
Article of Interest:
France delivered to Iraq specialized aircraft for agricultural purposes
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