OIL 101: ENERGY ECONOMICS
OIL 102: PEAK CHEAP OIL
OIL 103: SHALE OIL
OIL 104: ENERGY & THE ECONOMY
CENTRAL BANKING 101: COMING SOON
CENTRAL BANKING 102: COMING SOON
CENTRAL BANKING 103: COMING SOON
CENTRAL BANKING 104: COMING SOON
MONEY 101: MONEY CREATION
MONEY 102: MONEY AS DEBT
MONEY 103: COMING SOON
MONEY 104: COMING SOON

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  • harry's Avatar
    Today, 05:03 PM
    Parliamentary approval of the economy calls for the central bank law and the "expulsion" of the government 27/04/2015 (00:01 pm) BAGHDAD / Amer Mohi Forecast for economic and investment commission parliamentary, on Sunday, taking the central bank package of measures that will reduce the price of the dollar against the Iraqi dinar, while confirmed that the citizen is the biggest affected by the high dollar exchange rate, demanded the adoption of a law on the Central Bank guarantees his independence from government . A member of the Committee on the economy and investment representative, Najiba Najib in an interview for the "long" that "the central bank was able to maintain the dollar exchange rate at 130 thousand dinars for $ 100 through the procedures followed by," indicating that "the dollar exchange rate has risen during the past few days to more than it is now. " She said Najib saying that "the central bank was going to take some decisions that will bring the dollar to its former price outdated," unexpected "increase the width of the dollar, and reduce imports of foreign countries that require payment of the dollar from the Iraqi side." . She pointed out that "the lack of oil revenues in the current time also contributed to aggravate the financial crisis, especially that Iraq was receiving oil imports in dollars," asserting that "the citizen is affected by the first rise of the dollar to the relationship of this matter important joints of his life." explained a member of the Kurdistan Alliance The committee "addressed in most of the time the government and the central bank confirmed that the survival of the dollar at this point will affect the Iraqi economy, especially since the citizens adopted a certain price for the disbursement of the dollar, " pointing out that "the issue Banknotes category of 50 thousand dinars and 100 thousand dinars will contribute to reducing the the effects of the crisis, especially since these currencies will make the most of the groups acquired a large currency away from the dollar, and this may be part of the steps that may be followed by the central bank. " For its part, a member of the other Committee Nora Albjara said in a statement to the "long" that "the economic crisis caused by the rise in the dollar exchange rate, can not be completed without the legislation of a special law of the Central Bank guarantees his independence away from the government. " She added Albjara saying that "the central bank in the event of winning his case at the Federal Court to prevent the government from capping the dollar selling it would be a solution for easing the crisis." , noting that "the economic problems began Ttrutb result of this matter." She Albjara that "most traders began playing for the purchase of goods because most transactions in dollars, which impact on the financial dealings," asserting that "some people have benefited from the crisis, especially property owners who agreed with Magerém to pay a dollar. " parliamentary finance committee expressed, earlier, concern about the continuing rise in the dollar's exchange rate against the dinar, while the central bank demanded to market containment. He was prime minister for economic affairs adviser to the appearance of Mohammed Saleh described (4 March 2015), the high price US dollar exchange Balbsat, stressing that the central bank's actions are not the cause of it. He said Mohammed Saleh, said that speculators and owners of banking offices behind the rise in the dollar against the Iraqi dinar, Petroejehm news imprecise about the dollar and tampering with the price of the dinar according to their wishes, stressing that "the rise in the price of the currency foreign simple which is ineffective, and will pass the demise of economic strain. " He stressed that "the new central bank action came to fortify the dollar selling process and not stop the auction currency final, " he said, adding that the Iraqi dinar completely covered with foreign currency and there are no fears of the weakness of Iraq's reserves of hard currency ". http://www.almadapaper.net/ar/news/486667/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B7%D8%A7%D9%84%D8%A8-%D8%A8%D8%A5%D9%82%D8%B1%D8%A7%D8%B1-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%A8
    0 replies | 26 view(s)
  • harry's Avatar
    Today, 04:54 PM
    Iraqi intelligence: al-Baghdadi is dead "clinically" There is a local Arabic struggle to succeed him Agency eighth day April 26, 2015, 11:25 BAGHDAD - ((eighth day)) The Iraqi Intelligence Service that Daash organization intends to broadcast recording of Abu Bakr al-Baghdadi response "to the news of his death. A source in the device that the media organization Daash run a global institution present in the small Gulf state has been conducted for several Baghdadi, audio recordings and video clips that are aired case of a serious injury or kill him until his replacement for the leadership of the organization set. He said al-Baghdadi was taken to an Israeli hospital of the occupied Golan after suffering an air strike in the last month of March, attempts to resuscitate him and did not succeed, which is clinically dead now. The source revealed the existence of a local Arab conflict between the leaders of the organization to succeed al-Baghdadi, where the so-called Abu Ala Afar, an Iraqi claims organization in Mosul, but the group's leaders in Syria, he was prevented from entering the territory controlled by the organization there. The newspaper "The Guardian" quoted a source "closely related" organization as saying that the international coalition launched on 18 March, a raid on Baaj spend in Nineveh province, wounded evacuated Baghdadi seriously injured could not evacuated continue to lead the daily operations of the organization. The source said that al-Baghdadi was fighting for his life, prompting the group's leaders to hold urgent meetings to take quick action to keep the organization and research in the choice of his successor, in anticipation of his death at any moment. http://8th-day.com/?p=103434
    0 replies | 18 view(s)
  • harry's Avatar
    Today, 08:57 AM
    Parliamentary Finance: We are working to detect the smuggling of 200 billion dinars out of the country 26/04/2015 (00:01 pm) BAGHDAD / Noor Ali Confirmed in the parliamentary finance committee member, on Saturday, that work is underway in the House of Representatives to detect more than 200 billion Iraqi dinars to smuggle out of the country in the past few years, and while he noted that the financial, economic and legal committees in addition to the Presidency working on a mechanism to learn the process of how the money smuggling and detect bodies Shortened, called on the government to invest grants from international organizations in sustainable development projects in support of the Iraqi economy. He said the Finance Committee member Hossam punitive, in an interview for the "long" that "grants that offer from the International Monetary Fund can invest in economic development and sustainable projects," noting that "the money to invest properly comes financial Bmrdodat the benefit of the Iraqi people in general." He punitive saying that "the move away from the exchange is futile help in the development of the economy," and urged to "activate investment and the private sector to revitalize the Iraqi market and the creation of infrastructure projects and activate the role of government and private banks for the purpose of supporting small and medium enterprises in the country." He stressed the punitive "The work is underway In the House of Representatives, through the relevant committees (financial, economic, legal, and the Presidency) to detect the process of smuggling 200 billion Iraqi dinars out of the country during the past years, "pointing out that" Parliament is working on a mechanism to see how the money was smuggled out of Iraq, and what reasons that led to it, revealing the bodies shortened. " He also added that "Article 50 of the Budget Law, which states determine the sales ceiling of foreign currency at the central bank auction and set at $ 75 million a day is one of the reasons the money smuggled out of the country." The member of the Finance Committee that "the crisis through which Iraq currently, lies the adoption of the country on the rentier economy through oil and export it to extract", calling for "investment associated with natural resources to extract crude oil such as associated gas, which burns without benefit from it." He said punitive to "Iraq has a lot of natural resources such as sulfur and phosphate untapped did not take advantage of them," he said, adding that "the state did not work in the previous period to bridge the Iraqi consumer needs of the petrochemical industries, the government relies on the import of foreign in a lot of material that can be locally made. " He continued by saying, "In the event was invested manufacturing and associated gas and natural gas fields, it will provide at least 40,000 of the workforce and contribute to the eradication of the problem of unemployment." He called to "activate the agricultural and industrial sectors as well as the activation of the tariff law customs and increased duties on agricultural products imported from outside the country, and the granting of the necessary Iraqi farms and provide fertilizers and chemical supplies agriculture facilities, as well as providing banking facilities to encourage Iraqi farmers instead of importing, which will contribute to the recovery of the Iraqi market. " He noted that "the Iraqi government is serious in activating the investment sector, and call upon them to work more in order to get out of the crisis faced by the country in the current period. " parliamentary finance committee and announced (April 6 this month) for the formation of a pentagonal committee to follow up the money laundering and smuggling of dollars out of the country operations. A member of the Finance Committee Parliamentary pros Hamadoun in an interview for the "long" that "the Iraqi currency suffer from low against the dollar, which led to the need to form a committee to follow up the money laundering and smuggling of foreign currency operations committee was formed to follow up on this matter and verify it," indicating that "the Commission will be includes members of the Economic Commission, Ministry of Finance, in addition to the General Authority for Customs and taxes. " She said Hamadoun saying that "the Commission will follow up the work of the Central Bank and the amounts of money that will be sold, in addition to the follow-up work of the government and private banks, which sells large numbers of the dollar," pointing out "The members of the committee are determined to work very seriously to pursue violations and corruption, which gets a result of money laundering and smuggling of currency abroad," predicting that "stop currency manipulation will contribute significantly to the decline in the dollar rate against the dinar." http://www.almadapaper.net/ar/news/486598/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D9%86%D8%B9%D9%85%D9%84-%D8%B9%D9%84%D9%89-%D9%83%D8%B4%D9%81-%D8%AA%D9%87%D8%B1%D9%8A%D8%A8-200-
    0 replies | 53 view(s)
  • harry's Avatar
    Today, 08:42 AM
    Keywords calling on the government to carry out economic reform Under section: economic Dated: April 26, 2015 Baghdad / Iraq News Network called the Governor of the Central Bank, on the Keywords, Sunday, on the government to carry out economic reform processes to maximize resources and other non-Alinvt.oukal Keywords: "It is necessary to activate a lot of procedures that restore financial and economic system in the country," and urged " reform process large enhance efficiency, financial, economic, achieving address the economic situation in the future. "He pointed out that" the economic situation affected the large decline of oil prices and the decline is possible to lead to a real review because the primary supplier to balance the country and this shows the country to the ongoing risk as a result of fluctuations in oil. http://aliraqnews.com/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af%d9%8a%d8%a9/%d8%a7%d9%84%d8%b9%d9%84%d8%a7%d9%82-%d9%8a%d8%af%d8%b9%d9%88-%d8%a7%d9%84%d8%ad%d9%83%d9%88%d9%85%d8%a9-%d8%a5%d9%84%d9%89-%d8%a7%d9%84%d9%82%d9%8a%d8%a7%d9%85-%d8%a8%d8%b9%d9%85%d9%84%d9%8a%d8%a7/
    1 replies | 61 view(s)
  • harry's Avatar
    Today, 08:21 AM
    Keywords: invited the government to economic reform processes to maximize other resources 26/04/2015 13:51 Tomorrow Press / Baghdad: called Governor of the Central Bank, on the Keywords, Sunday, on the government to carry out a reform operations economical to maximize other resources other than oil. Alak said for "tomorrow's Press," that "it is necessary to activate a lot of procedures that restore financial and economic system in the country "asking" big reform process enhances efficiency, financial, economic, achieving address the economic situation in the future. " He noted that "the economic situation affected the large decline of oil prices and the decline is possible to lead to a real review because the primary supplier to balance the country and this shows the country to the ongoing risk as a result of fluctuations in oil. " http://alghadpress.com/ar/news/30224/%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D9%85%D8%AF%D8%B9%D9%88%D8%A9-%D9%84%D8%B9%D9%85%D9%84%D9%8A%D8%A7%D8%AA-%D8%A7%D8%B5%D9%84%D8%A7%D8%AD%D9%8A
    1 replies | 61 view(s)
  • harry's Avatar
    Today, 08:16 AM
    Parliamentary Finance: reduced state revenues is another reason is added to the rise of the dollar 26/04/2015 12:58 Tomorrow Press / Baghdad the parliamentary finance committee, confirmed that the decline in fiscal revenues for the state proceeds from the sale of crude oil, another reason is added to the rise in the dollar's exchange rate against the dinar, calling for activating the non-oil sectors. She said committee member Majda al-Tamimi's "Tomorrow's Press," that " Last central bank procedures for tax and Alcomerk or Article 50 of the budget, which identified the Iraqi Central Bank sales of USD $ 75 million a day, not only caused a rise in the dollar's exchange rate against the dinar, but there are other reasons. " She added that "the decline in financial revenue belonging to the state of oil sales, a major reason is added to the rise in the dollar exchange rates due to the Ministry of Finance, after gaining on the dollar from the sale of oil you are buying the dinar from the Central Bank of dollars obtained by, "indicating that" the oil revenues of the country fell by 50%, following a drop in oil prices US $ 50 per barrel, which contributed to the lack of revenue from hard currency "dollar", affecting the national currency exchange rate. " and called Tamimi "the necessity of activating the other non-oil sectors such as industry, agriculture and tourism in order to finance the balance of the equation of state and non-reliance on oil, mainly" . The Governor of the Central Bank has revealed the agency relationship, for tomorrow Press on Saturday, that the rise in the dollar against the dinar because of customs duties and income tax on coming to buy the dollar imposed by the government. http://alghadpress.com/ar/NewsDetails.aspx?NewsID=30220
    0 replies | 38 view(s)
  • harry's Avatar
    Today, 08:03 AM
    26/04/2015 15:16 Economists: Central lifted the dollar to cope with the financial crisis Recent central bank measures for the sale of the dollar at auction helped raise the value of the dollar against the dinar. BAGHDAD / Obelisk: Download a number of experts and specialists in the financial and economic affairs, the central bank responsible for the local currency degradation and raising the US dollar exchange rate, the grounds contain the financial crisis afflicting the country, while warning of rising inflation in the domestic market as a result of the continuing decline in the dinar exchange rate against the dollar. He says the economic and investment commission member of the parliamentary Majid Chenkali, that "the recent central bank-specific procedures to sell the dollar at auction helped raise the value of the dollar against the dinar, where he cut his sales pretext to contain the financial crisis faced by the country, in addition to the presence of mafia operating within the central trying to inflict damage the national currency for their own personal interests. " He Chenkali according to the agency "dinars", that "the central bank must take supportive action of the Iraqi dinar and the fight against those who tamper with the security of the national economy, because the interest of the country above all else." The student Chenkali, the government speed up the development of the banking and industrial sector especially what we observe these days there are a significant rise in the dollar against the Iraqi dinar " , calling for" legislation Investment Act helps to bring international companies to develop Iraq's infrastructure. " With the parliamentary finance committee attributed, why drop the dinar exchange rate against the dollar to decline in fiscal revenue belonging to the state from oil sales, indicating that the oil was sold at more than $ 100 a barrel and today reached its price to below $ 50 and this means that revenue fell by 50%, which impact on the national currency exchange rate. " Haider said that his committee "discussed with the Governor of the Central Bank on the Keywords main reasons for the decline in the dinar exchange solutions effective for the return of stability of the price, " adding that "the central bank will take new measures to maintain the hard currency and the return of stability of the dinar against the dollar." He said, "The measures will include open outlets to sell the US dollar after the lack of display in the local market and its high price will contribute to a decline of the dollar, stressing that the dollar selling price pursuant to Article 50 of the budget reflected negatively on the Iraqi citizen Madf Finance Committee to call for pumping the dollar in the market." http://www.almesalah.com/index.php?page=article&id=52106
    0 replies | 55 view(s)
  • harry's Avatar
    Today, 07:52 AM
    Oil Minister: "March," the highest exports in the history of Iraq Agency eighth day April 26, 2015, 14:44 BAGHDAD - ((eighth day)) The Minister of Oil, Adel Abdul-Mahdi, said on Sunday that what is produced by wells and fields of Kurdistan is exported via the central government and the gate SOMO. He said Oil Minister Adel Abdul-Mahdi during a press statement, said that "some of those who attacked the agreement with the Kurdistan region, examine themselves after check a lot of positive results, the correct decisions sometimes requires action against the tide and take Jeriih.oanna positions export today increasing amounts of production region through Sumo, as the Kirkuk fields of production and export is back after a break since March 2014 because of acts of terrorism .. After the production of the Baiji refinery and other stops. " "Every paragraph of the success factors, still face shortcomings and gaps to be completed, as well as what we still face challenges in other things we have not covered, so if we want oil and gas industry to develop and build our refineries and our labs, petrochemical and fertilizer .. In our farms and water resources and ways Moaslatna and contacts Our management systems and investment environment. " He continued by saying, "Iraq has a great opportunity to progress .. and lower oil prices, with all the damaging, should motivate us to rationalize our expenses, and out of the state Alrieian community about the state of contemporary and fair levies, and community good product." He pointed out that "oil exports in March amounted to more than 92 million barrels of oil, the highest rate in the history of Iraq," Mushir to several factors that have hindered the process of Iraqi oil exports the most important, "control Daash on several installations Altaftyh, and falling prices and increased global demand, as well as the poor quality of the Basra oil, and finally legislation, laws and referral procedures contracting and procedures that hamper the administrative and customs, health, and the executive and supervisory In Integrity and Inspection. " He noted the Iraqi oil minister to several factors contributed to the successful operation of oil exports, including oil deal with the Kurdistan region. http://8th-day.com/?p=103482
    0 replies | 39 view(s)
  • harry's Avatar
    Today, 07:39 AM
    Newspaper: Dawa Party intends to replace Maliki for his leadership Balebadi26/04/2015 09:27 BAGHDAD / Source News / .. Hoal newspaper said today Nqlaan sources described Palmtalaap that the party intends to call the dimensions of Nuri al-Maliki of leadership The paper seen by / Source News / She said the party leadership would prefer to take up the post Haider al-Abadi, and party leaders are currently expel al-Maliki for a lot of responsibilities in the party The paper pointed out that the issue of Mosul and other areas to (Daash) may be the cause of this http://l-news.net/index.php/policy/77702.html
    0 replies | 34 view(s)
  • harry's Avatar
    Today, 07:23 AM
    here is this one on 4/11/2015 http://www.dinarspeculator.com/showthread.php/77830-Parliamentary-Finance-proposes-to-make-large-cash-categories?highlight=categories+dinar
    2 replies | 126 view(s)
  • guardian's Avatar
    Today, 06:37 AM
    Central Bank of Iraq - Tender No. (4/2015) 15/4/2015 Related to put strategy of IT for the project of the Central Bank of Iraq new building... READ MORE HERE: http://cbi.iq/documents/Tender-En%20(4-2015).pdf
    0 replies | 57 view(s)
  • guardian's Avatar
    Today, 06:30 AM
    Abadi stresses near the end Daash gangs in Iraq is the displacement of Anbar inflammatory and excuse him {Extended} History of edits:: 2015/4/25 15:39 {Baghdad: Euphrates News} The prime minister Haider al-Abadi, Saturday, near the end of the terrorist Daash gangs in Iraq after the decrease in the number of its members and Anksarha in several fronts, noting that "the displacement of Anbar than provocative and excuse him, and returned hundreds of families to their homes in Ramadi." He said al-Abadi in a speech during the official memorial ceremony to commemorate the departure of Mihrab {holy}, which was held in the office of Mr. Ammar al-Hakim, attended by Agency correspondent {Euphrates News} "We salute all the martyrs of Iraq who endowed to defend the holy sites and the Mihrab which continued scientific career and the march of Jihad and tender and dad, but the testimony conclude it, "noting that the martyr" gave a good product on the relationship between scientific tender and the certificate and the emphasis on school and they say they do, and gave himself in the way of tender." "What 'need today for unity, especially as we live under the government of national partnership and no room for marginalization and does marginalized in this country, and the relationship between the government and the House of Representatives emerges features cooperate in righteousness and piety, and this partnership as her rights and duties and responsibility for the Advancement of Iraq is everyone's responsibility and it is not the right to be partners, and each of us has his own worry and partisan interests and partisan, and we have to meet on their people and the nation." "When we go to the battlefront Istsgr the man himself in front of the fighters who continue day and night to defend the homeland, and we have to loot the gift of one man to defend Iraq and share these Mujahideen responsibility, and we have overcome the crisis with minimal losses and might disagree with the view and the exchange of visions which is good and we welcome it But to disagree and disagree that's what Sadafna." He added that "this partnership within the government program and abide by the government, a program for all and all bear the responsibility of all the positions," he said, adding that Iraq is a challenge, a rumor which is more deadly than the weapons of war, but we noticed that our children are fighting in Anbar and the news talking about the other , as well as the displacement of the people of Anbar did not have any justification, but intimidation and incitement is the one who helped to displace people, asking, "for the benefit of exposing innocent people at risk?" He stressed that the security forces to provide necessary for the displaced protection at the same time protect the millions of citizens in Baghdad, stressing that he hardly have provided a degree of security in Baghdad and the duty to maintain officials to provide protection to citizens and displaced people, especially now that there are infiltrators among the displaced people are trying to threaten security." Addressing Abadi people of Anbar, "We are not afraid Daash and Atstmawa to the cacophony and will support you to fight these gangs, noting that" there are political parties calling for there to be a weapon outside the framework of the state, but we are keen to be within a specific department, and today the security services of defense, interior and the crowd People are all within the framework of the formal state." He concluded Abadi, saying that "out Daash of Iraq is close, especially after the collapse of those gangs of Tikrit, and a decrease in number, and we have to Aenainhm Bouklavtna and poured oil on the fire, and we make every effort to provide salaries for fighters and the requirements of the battle, in addition to the provision of services to the center and south, and the reconstruction of the liberated areas of Conception Daash."anthy h http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=auto&tl=en&u=http://wwww.alforatnews.com/modules/news/article.php%3Fstoryid%3D82945
    0 replies | 47 view(s)
  • guardian's Avatar
    Today, 06:15 AM
    Austerity topples TV broadcasters and government .. and the Telecommunications freeze licenses 2015-04-26 JD / Nabil Fawzi / .. Media and Communications Authority confirmed sent a circular to ministries and state institutions to suspend the licenses and the freezing of government channels and radio stations as a result of austerity and economic factor as well as the receipt of notice from the Council of Ministers about it. And got Agency / BD / a copy of the book uncles body to ministries and provincial councils and governors all signed by the head of the agency Executive Safa al-Din spring which included "based on the book of the Office of the Prime Minister and book cabinet / Office of the Minister of State for Parliamentary Affairs, containing obtain the approval of the Prime Minister the proposal of MP Fadel Fawzi Hussein Kanani to shut down all satellite channels and stations, government broadcasting, it was decided to freeze the licenses for satellite channels and radio stations affiliated to you in addition to the stop to consider any requests we receive from you to create or a space station or a radio license." In the meantime, said a member of the board of trustees in the body Khalil pilot told / BD /: The Book Authority was based on its notification by the Council of Ministers, considering that TV and radio stations and government of the State and therefore the right of the government shut down in light of the financial crisis and the austerity experienced by the country. " he said, adding that "the Commission insisted on a freeze and suspension of licenses statement instead of the word closure, which Rdttna." He noted the pilot that "the Commission has issued Aamama to state institutions to suspend and freeze broadcast channels and government radio license as a result of the financial crisis," noting that "the proposed alternative to ensure the allocation of time for the state institutions to present their activities through the media of the Iraqi Media Network free of charge or obtaining a simple wage to contact value the cost and expenses and salaries of the satellite channel." He said a member of the Board of Trustees of the media and communications to "put forward a proposal that the radio stations that self-financing through advertising can have to continue," stressing that "the ministries and provinces, which had paid for the renewal of their licenses will remain their funds reserved and guaranteed, and will be used with the activation of a future license, and calculating the time factor." The Prime Minister Haider al-Abadi close satellite channels and radio stations affiliated to ministries and government institutions, based on a proposal by a member of the Committee on Culture and Information parliamentary deputy Fadel Kanani ordering the closure of the satellite channels and radio stations affiliated to ministries and government institutions, as the decision comes to save large amounts of money consumed, and using them to raise Financial attributed to the general state treasury and investment potential run in other tasks more feasible ../anthy/ 22 http://www.dananernews.com/News_Details.php?ID=5723
    0 replies | 42 view(s)
  • guardian's Avatar
    Today, 06:08 AM
    Parliamentary Finance: the smart card will reveal the aliens in state departments 2015-04-26 BAGHDAD / JD / .. the parliamentary finance committee confirmed that the smart card adoption in the distribution of employees' salaries will fight financial and administrative corruption and reveal aliens in state departments. Said committee member Rep. Najiba Najib told / JD /, that "there are large numbers of aliens in the state departments," pointing to "having employees are paid two salaries or more in one place." She added that the move regardless of the Rafidain Bank employees' salaries by ironing Card (smart) will fight financial and administrative corruption and reveal the aliens in all state departments, calling for "speed up their application to support the national economy." The Rafidain Bank earlier announced its intention to staff salaries distribution through the smart card. / End / 8 / http://www.dananernews.com/News_Details.php?ID=5721
    0 replies | 51 view(s)
  • guardian's Avatar
    Today, 05:57 AM
    Translation is a little messed up, but articles from the past say the 50,000 will be equal to $50 and the 100,000 will be equal to $100, today's dinar values. That's not to say the value could not go up in the future.
    2 replies | 126 view(s)
  • guardian's Avatar
    Today, 05:44 AM
    CBI is working to put the two categories, one hundred fifty thousand dinars of currency Basenyoz | Xuan Alborznge 25.04.2015 17:38 Iraqi parliamentarian said on Saturday, the Central Bank of Iraq intends to launch two new categories of the Iraqi currency and fifty thousand and two hundred thousand dinars. Sarhan said Ahmed, member of the Finance Committee in the Iraqi parliament, the reporter "Basenyoz," The CBI will continue to work for the issuance of two new categories of currency fifty-two thousand, one hundred thousand dinars, "noting that" the central bank has taken the necessary preparations for that." He added that "the central bank looked at it and made the decision about it leaving only the allocation of funds for the printing of two new categories," pointing out that "Under the law will be charged the two new categories of currency writings in Kurdish language." He said the Iraqi parliament to issue two new categories of the Iraqi currency in the preparations for a future plan that includes deleted several zeros from the currency. http://www.basnews.com/ar/news/2015/04/25/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%B9%D9%85%D9%84-%D9%84%D8%B7%D8%B1%D8%AD-%D9%81%D8%A6%D8%AA%D9%8A/
    2 replies | 126 view(s)
  • guardian's Avatar
    Today, 05:29 AM
    WORLD OFFICIAL GOLD HOLDINGS International Financial Statistics, April 2015* Country #37 Iraq Tonnes of Gold 89.8 % of Reserves 5.3% Country #1 United States Tonnes of Gold 8,133.5 % of Reserves 73.6% http://www.gold.org/download/file/3733/World_Official_Gold_Holdings_as_of_April2015_IFS.pdf NOTES * This table was updated in April 2015 and reports data available at that time. Data are taken from the International Monetary Fund's International Financial Statistics (IFS), April 2015 edition, and other sources where applicable. IFS data are two months in arrears, so holdings are as of February 2015 for most countries, January 2015 or earlier for late reporters. The table does not list all gold holders: countries which have not reported their gold holdings to the IMF in the last six months are not included, while other countries are known to hold gold but they do not report their holdings publicly. Where the WGC knows of movements that are not reported to the IMF or misprints, changes have been made. **The percentage share held in gold of total foreign reserves, as calculated by the World Gold Council. The value of gold holdings is calculated using the end of month London PM fix gold price published daily by The London Gold Market Fixing Ltd. In February the end of month gold price was $1214. Data for the value of other reserves are taken from IFS, table ‘Total Reserves minus Gold’. 1. BIS and IMF balance sheets do not allow this percentage to be calculated. In the case of any countries, up to date data for other reserves are not available. 2. BIS data are updated each year from the BIS’s annual report to reflect the Bank’s gold investment assets excluding any gold held in connection with swap operations, under which the Bank exchanges currencies for physical gold. The bank has an obligation to return the gold at the end of the contract. 3. West African Economic Monetary Union including the central bank. 4. Includes only "Monetary gold" as of February 2014. 5. Signatories to the fourth Central Bank Gold Agreement which commenced in September 2014. The signatores include: ECB, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland. 6. Gold has been added to Turkey’s balance sheet as a result of a policy accepting gold in its reserve requirements from commercial banks. Please see this link for information on this policy action http://www.tcmb.gov.tr/wps/wcm/connect/57c5777d-1f48-4eb4-98ba-af4c6aaddc20/ANO2012-38.pdf?MOD=AJPERES&CACHEID=57c5777d-1f48-4eb4-98ba-af4c6aaddc20 7. World total as calculated by the IMF. This will not equal the total for the countries in the table as ‘World total’ will include data for countries beyond the top 100 and for countries that do not publish their reserves. World total also captures BIS holdings inclusive of swap operations (please see footnote 2 above for World Gold Council treatment of BIS holdings).
    2 replies | 134 view(s)
  • Rainman998's Avatar
    Today, 01:11 AM
    I wonder if that includes the 40 and 36 tonnes they bought this year they haven't spoke more on
    2 replies | 134 view(s)
  • harry's Avatar
    Yesterday, 05:34 PM
    Keywords: 80 tons of central bank gold reserves 04/25/2015 18:39 Tomorrow Press / Baghdad: central bank governor said the agency relationship, the Sabbath, the central bank reserves includes a basket of foreign currencies and international bonds and gold, noting that the bank has 80 tons of gold. He Keywords for "tomorrow's Press," that "the IMF International issued the list of directives, internationally agreed upon to determine the state basket and what are the international currencies, gold and bond rate, "noting that" the Iraqi Central Bank owns 80 tonnes of gold, including re-10 from the bank reserves, a good rate and within internationally accepted equations do not make trouble. " He added, "The gold safer, but keep it does not achieve the earnings may increase the cost of retention. " He announced the World Gold Council, that Iraq was ranked 37 globally and fifth Arabs of gold reserves, while the United States ranked first in the world and the first Saudi Arab. http://alghadpress.com/ar/news/30182/%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82-80-%D8%B7%D9%86%D8%A7-%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A
    2 replies | 134 view(s)
  • harry's Avatar
    Yesterday, 09:28 AM
    04/25/2015 (00:01 pm) A bill to install replacements Maliki, Allawi and al-Mutlaq in the House of Representatives BAGHDAD / Mohammad Sabah In an effort to shut the doors of the appeal made by the 35 deputies unlikely, political blocs submitted an application to modify the replacement of members of the House of Representatives Chairman of the block grant the right to choose alternative apart from the number of votes or even constituency. And got the (long) on the draft, very succinct than 3 lines, to modify the replacement of members of the House of Representatives, and bear the signatures of 50 MPs from various political blocs. According to parliamentary sources said the aim of this amendment is to keep the replacements blocs, which took over sensitive political positions and specifically replacements leaders Nuri al-Maliki and Ayad Allawi and Saleh al-Mutlaq, in addition to the replacements of some ministers Khasin Shahristani Bayan Jabr and others. The, the draft amendment to the Act, a rare political consensus between the intersecting political blocs in the political and parliamentary orientations. The pay decision judiciary to cancel the membership of five MPs, last March, tens MPs to challenge the membership of dozens of their colleagues, while deputies spoke they now attend the meetings are and alternates at the same time, the number of members of the House of Representatives may raise to 332 deputies. announced the Federal Supreme Court, last month, that the decisions regarding the replacement of members of the House of Representatives issued in accordance with law, tight to be replaced by the same entity and maintain. They pointed out that "Law No. (6) omitted how to choose a variant of the entity, so I went the Federal Supreme Court in its decisions to implement the provisions of the House of Representatives Election Law No. (45) for the year 2013 which was released later on the Law of the replacement of members the House of Representatives. " The draft amendment reads as follows: 1. The text of paragraph (1) of Article (2) and replaced by the following: (called the head of the electoral list alternative candidate for the member replaced). 2. This law applies, starting from the third session of the Council of Iraqi parliament. In this context, a member excluded that says "current replacement law is illegal after refuted by the Federal Court in several decisions," stressing that "the true criterion for the selection of the bench is the number of votes as stipulated in the constitutional article 38, which states to respect the will of the voters. " He adds Haider al-Mawla, in a statement to the "long", that "there is a political will want to circumvent the Federal Court decisions, and resulted in the submission of the request carries the signatures of 50 deputies to the President of the House of Representatives to amend Article II of the replacement of members of the law to allow Prime mass or entity to choose alternative regardless of the votes obtained by. " He continued Mawla, a member unlikely for Maysan province, saying "specific Amaeijer to the process of replacing the House of Representatives as stipulated in Law No. 6 of 2006, which gives the bloc the right to choose the alternative candidate, provided that it is bloc entity and maintain opening the way to having a lot of suspicions. " And decided the Federal High Court, on 16 \ 12 \ 2014, non-membership of a bench of Representatives Health, confirmed that the vacant seat awarded to the candidate who received the highest number of votes out of respect for freedom of choice of the voter. For his part, MP Arshad al-Salihi, head of the Turkmen Front, said that " political blocs is not serious to amend the replacement law because some blocks believes it would be disadvantaged in the replacement process, so the amendment needs more time to mature. " He said Salhi, a member of the legal committee member, "long", "The amendment to the law has become an important order from To avoid any disputes that may arise between the House of Representatives or the political blocs and entities, "but stressed that" it needs more time to reach an agreement. " turn says Karim Alabtan, MP for the National coalition led by Iyad Allawi, the "replacement Law in force respect not open a closed list system. " He said Alabtan "long" by saying "got confusion in the interpretation of the process of replacing the members," adding that "the signatures that keep some of the characters collected goal in the House of Representatives." According to Article (52 / I), the House of Representatives. " decide on the membership of its members, health, within thirty days from the date of filing an objection, a two-thirds majority of its members, and may be challenged in the Board's decision to the Federal Supreme Court, within thirty days from the date of issue. " In the same context, detect early parliamentary source for the "long" for " the existence of a political agreement between the parliamentary blocs to amend replace members of the law and submit it to the House of Representatives in the coming sessions. " The source, who preferred anonymity, that "the House of Representatives who are meant to keep them in the House of Representatives and not to keep them away, they are an alternative Vice President Nuri al-Maliki ( Hassan Sinead), and alternative Vice President Iyad Allawi (Adnan Aldenbos), and alternative Vice President Saleh al-Mutlaq, the Council of Ministers (Zaid al-Janabi), and alternative Higher Education Minister Hussein al-Shahristani (Mohammed al-Shammari), and alternative and Labor Minister Mohammed Xiaa Sudanese (full Zaidi), and alternative Interior Minister Mohammed Ghaban (denominator bonded), and Alternative Transport Minister Bayan Jabr (Leila Khafaji), and alternative health minister (Iman al-Fadhli). " It describes the source of this proposal as a "clear wrap on incoming voter through the politicization of things and fill the vacant seats by dealmaking between some of these political blocs and among its members who are buying their seats. " http://www.almadapaper.net/ar/news/486536/%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D9%84%D8%AA%D8%AB%D8%A8%D9%8A%D8%AA-%D8%A8%D8%AF%D9%84%D8%A7%D8%A1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%83%D9%8A-%D9%88%D8%B9%D9%84%D8%A7%D9%88%D9%8A-
    1 replies | 135 view(s)
  • guardian's Avatar
    Yesterday, 09:27 AM
    Sneaky little devils! I saw the Iraq government is working to remove Maliki haha.
    1 replies | 97 view(s)
  • harry's Avatar
    Yesterday, 09:18 AM
    To cover Sergathm .. Maliki's bloc .. messing files corruption to overthrow the other political forces! Dated: Saturday 25/04/2015 11:00 Trying to State of Law coalition, led by Vice President Nuri al-Maliki search for what description "vain for corrupted files" to overthrow the other common political forces in the Iraqi government, according to a senior political source in the Iraqi government. The source, who did not disclose his identity that "Maliki's bloc, accused stealing hundreds of billions of dollars during the last state in the previous period, trying to search in vain for what now leads from corrupted files powers rival, to cover up the Sergadtha. " He said the "allegations of state law began remarks on the lips of deputies who were struggling to what elected for him and contented themselves with shouting and stir through the media. " He said the "MP for the coalition of state law Kazem Sayadi claimed that the House of Representatives, payable monthly (50) million Iraqi dinars to a foreign company specialized dogs, which does not exist for the benefit of its security procedures." He called for an investigation on the subject of Parliament and open the company responsible for the protection of the House of Representatives after being found not to file a civil 16 dog and inefficiency of the 36 dog and why were examined for efficiency effectiveness of the dogs at the end of the contract with the company and especially that each month to pay nearly 50 million Iraqi dinars for that company. " http://www.chakooch.com/news.php?action=view&id=6751
    1 replies | 97 view(s)
  • harry's Avatar
    Yesterday, 09:12 AM
    Jubouri's : Parliament will be completed six important laws before the legislative recess History of edits:: 25/04/2015 two forty p.m. House Speaker Salim al-Jubouri, said that the separation of the legislative parliament, which has been extended will see the completion of six draft laws, notably the legal National Guard and the Federal Court. Jubouri said told all of Iraq , "There is some legislation needs to extend to separate Parliamentary", noting that "he will be the completion of six draft laws during the parliamentary, the current ones of the Federal Court Act, and the National Guard, and the law of parties, as well as the Law of Treaties, and others. " He said al-Jubouri, "will also be put up the matter and justice law, although there are some shenanigans around him, but he will present to see the points of disagreement circle between the political parties." The Jubouri announced today, in his speech during a memorial ceremony held at the Office of President of the Supreme Islamic Iraqi Council Ammar al-Hakim , Baghdad today at the 12th anniversary of the martyrdom of Mr. Mohammed Baqir al-Hakim, the extension of the separation of the legislative parliament, to approve a series of important laws. " It is said that, the House of Representatives, postponed in 28 of last March, the first reading of the law of accountability, justice and the prohibition of the Baath to notice differences Political Holh. http://www.alliraqnews.com/modules/news/article.php?storyid=2553
    0 replies | 59 view(s)
  • harry's Avatar
    Yesterday, 08:57 AM
    Economy السبت 25 أبريل 2015 | 02:54 مساء | Economists are calling for an administrative revolution to reform state institutions BAGHDAD / .. called a number of economists to make a revolution in the administrative institutions of the Iraqi government form that keep pace with development that is happening in the developed countries of the world, as pointed out that Iraq needs to make a change in the management of all its institutions. This came during a graduation ceremony for 80 students completed a study of the Higher Diploma in Strategic Planning in four Iraqi universities held at the Rashid Hotel in central Baghdad. The governor of the Central Bank on the Keywords in the graduation ceremony attended by "eye Iraq News," "The administrative backwardness and bureaucracy and corruption requires that there be a real administrative revolution dealing with reform in all organizational and financial joints," noting that it is not only through the cadres carry this Specialization in the field of strategic planning and through the adoption of regulations, procedures, policies and studies and all the different ways. The Keywords that choose Alcodar from within the state institutions for the rehabilitation of leaders capable of leading the reform process, noting that we need to process a wide reform in our organizational structures and administrative and working procedures and the use of modern techniques for reduced a lot of episodes that burden the institutions and the citizens way. For his part, said Secretary General of the Council of Ministers Hamid behind in a speech during the ceremony, "The world has evolved from 1980 to 2003 technology with a value of 200 years and this change is accelerating Iraq was suffering from devastating wars and international isolation, economic blockade and underdevelopment in many areas, including the administrative system, which highlights the importance of strategic planning as a hub head of public administration in order to be able to make their institutions to effectively track itself. " Khalaf said the Higher Diploma for strategic planning program was established four years ago as a result of the Iraqi government's need for specialized cadres were formed a supreme body of the study in coordination with the Ministry of Higher Education and Scientific Research, noting that the first session I graduated in 2012 by 37 strategic plan was distributed to government departments and the second session graduated from Baghdad, Qadisiyah, Babylon and Kufa University and graduated 80 scheme celebrate them this day and third last year I joined was added Mustansiriya University to be the sum of the universities they attend five universities. As adviser to Prime Minister Walid al-Hilli that pointed out the strategic planning has great interest in developed countries, indicating that strategic planning is the ambition of what we want to be him in the future as a developed country is able to move at a steady pace to keep up with the development and progress witnessed by the world to achieve more accomplishments, noting that our goal to achieve goals in the shortest time, pointing We seek to achieve our goals in the short and mid-level and long overtaking obstacles. Addressing ornaments graduates "We expect AT graduates learned from strategic planning can achieve the desired change in our departments that need to work hard to break the routine and give priority to the completion of an efficient and sedate serve the citizens who complain about the way the negative dealing in the most formal and informal state departments," noting that Many of the revisions in the administrative complexity of the circuits which are accompanied by a lot of a lot of revisions. He considered ornaments The deliberate complexity of some clearly affects the functioning of the transactions in the state and cause distress and pain for the citizens as well as it is a window of administrative and financial corruption, calling on relevant departments to take advantage of the research and conclusions of the students of these courses and Tndejeha necessary research to be new programs to develop Alaml. http://aynaliraqnews.com/index.php?aa=news&id22=37057
    0 replies | 70 view(s)
  • harry's Avatar
    Yesterday, 08:48 AM
    Political السبت 25 أبريل 2015 | 10:59Number of Views: 86 Parliamentary clan calls the three presidencies to the adoption of the formation of the Senate BAGHDAD / ... called for a parliamentary committee clans, Saturday, the three presidencies to the adoption of the formation of the Senate and the Council of Elders, which called for the formation of religious authority, Sheikh Mohammed al-Yacoubi. The Chairman of the Committee tribal MP Abboud al-Issawi in a speech on the occasion of the tribal conference to demand the formation of the Senate and attended the "eye of Iraq News" that the Iraqi tribes was and still is an important hub in the community and enriching tolerance and cooperation, and can not deny their role in guiding the society and its development. He said, we appreciate the call Alrdja Yacoubi the formation of the Senate and the Council of Elders and looked at the hands of the three presidencies to complete the process and the formation of this Council to be the official institution codified law, pointing to the need for the proposal put forward in the House of Representatives for the legislation of its own law. " The organizing committee of the conference of tribal and demanded the government and the House of Representatives, the Senate and the adoption of a formal Council of Elders as a contribution to the solution of the crisis through which Iraq. A member of the organizing committee of the conference and the leader of the Bloc virtue Abdul Hussein al-Moussawi, during a speech at a conference of Iraqi tribes to demand the formation of the Senate and attended the "eye of Iraq News," said the Iraqi tribal slice important and play a significant role in to society, stressing that the tribes stuck reference demands, and showed the will of the strong resolve crises when they went to the aid of reference to send their children to the battlefront to fight al Daash terrorist. " He said, we demanded the government and parliament to adopt the Senate and the Council of Elders as a formal, and this confirms the quest to deliver the voice of Iraqi tribes thoroughbreds to the government and regulators. " And launched in Baghdad, Saturday, tribal business conference sponsored by the Islamic Virtue Party to demand the formation of the Senate and the Council of Elders in Iraq. The reporter said, "was appointed Iraq News" that the conference, which was held at the National Theatre in Baghdad hall in the presence of political and tribal figures from all over Iraq, came to demand the formation of the Senate and the Council of Elders in Iraq, which called for the formation of religious authority, Sheikh Mohammed al-Yacoubi. The reference Yacoubi had called in the (February 19, 2015) to the formation of the elders and the Council of Elders in accordance with the constitutional rationing. Resolve conflicts and disputes that arise between the clans and participate in the mobilization of fighters to repel and defeat terrorism and protect the souls and property and symptoms of corruption and sabotage that have a role in keeping the unity and cohesion of society and bridge the gaps. Iraq is one of the first countries in the region that have worked both houses in parliament system. In 1925 was the establishment of the National Assembly (parliament) and may form at the time of the first two-chamber parliament and is the second team and the Senate. VIII provided that: (legislative power is vested in the National Assembly with the king, and the National Assembly consists of the Senate and the House of Representatives, and the authority of the legislative right to set laws, and modify, and cancel, taking into account the provisions of this law) http://aynaliraqnews.com/index.php?aa=news&id22=37038
    0 replies | 48 view(s)
  • harry's Avatar
    Yesterday, 08:33 AM
    Economic parliamentary: Foreign loans would hurt the country's economy 04/25/2015 11:03 Tomorrow Press / Baghdad: Economic Commission representative, confirmed Saturday that borrowing from international banks to deal with the financial crisis in the country is harmful to the national economy, calling on the government to address the crisis by relying on investment. A member of the Economic Committee, beautiful Obeidi for "tomorrow Press" , said that "borrowing from international banks is harmful to the economy, but the need for provisions, especially in light of economic conditions experienced by the country's deteriorating security situation, which took a lot of the country's budget," indicating "the existence of internal and external borrowing The former more desirable because the outer imposes benefits and may be benefits a large impact on the economy of the country. " She added that "the former economic thinking significantly affected the current economic plans, because the previous budgets placed political quotas," calling "the current government to move toward investment to save the current economic situation and activate the industry. " She pointed out that "Iraq has Earth and can land investment in vertical construction, especially that there is a housing crisis in the country. " It is noteworthy that the country is facing major economic crisis as a result of falling oil prices, and the lack of successful economic plans can save other productive sectors, with five-year plans that have been developed by the Ministry of Planning failed because of poor diagnosis and the spread of financial and administrative corruption. http://alghadpress.com/ar/news/30149/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D9%82%D8%B1%D9%88%D8%B6-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9
    0 replies | 54 view(s)
  • harry's Avatar
    Yesterday, 08:27 AM
    Central Bank: The rise of the dollar because of customs duties and income tax 04/25/2015 15:01 Tomorrow Press / Baghdad: Governor of the Central Bank revealed agency on the Keywords, Saturday, that the rise in the dollar against the dinar because of customs duties and income tax on coming to buy the dollar imposed by the government. Alak said for "tomorrow Press", that "the government began to implement the customs tariff of 5% and income tax of 3% on the traders when buying the dollar from the central bank, "explaining that" the rise in the dollar against the Iraqi dinar is only 8%, the tax and fees of customs. " He noted that "the government has begun to apply customs duties and income tax when buying the dollar, Because access to customs duties is difficult because of the situation in the border ports tax system and retardation in general. " mentions dollar rose dramatically during the last period, which reflected negatively on the market. http://alghadpress.com/ar/news/30179/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A8%D8%B3%D8%A8%D8%A8-%D8%A7
    0 replies | 52 view(s)
  • harry's Avatar
    Yesterday, 08:23 AM
    Mezni: Parliament hosts Zebari on the lifting of tariffs 04/25/2015 14:14 Tomorrow Press / Baghdad: detecting the leader of the Liberal bloc of the Sadrist movement, Mazen Mezni, Saturday, hosting and Finance Minister Hoshyar Zebari in Parliament to discuss the decision to raise the customs tariff. Mezni for "tomorrow Press", "The House of Representatives has collected a number of signatures to host Finance Minister Hoshyar Zebari about the recent decision to raise the tariff. " He added that "the signatures collection is not based on the consensus of the political blocs, as the issue of interest to the interest of the country in general," noting that "most of the decisions that are voted upon in the Council of Ministers do not care Palmsawat between the Iraqi provinces. " http://alghadpress.com/ar/NewsDetails.aspx?NewsID=30177
    0 replies | 41 view(s)
  • harry's Avatar
    Yesterday, 08:16 AM
    Warning of the imbalance between liquidity and profitability 4/25/2015 0:00 The tyranny of one end causes problems for banks BAGHDAD - Mostafa Hashemi warned banking expert risk of predominance by the profitability on the edge of liquidity in the smart equation for the management of the banks because the tyranny of any party in the equation on the other end is causing a problem for the bank, either in cash or in the profit and therefore will impact on his reputation in the market Abannok.oukal banking expert d. Essam Mahouelle that the bank (whether public or private) by a net profit, because it signify success in the policy of the If the banks and government, the commitment to make a profit means safety procedures at work and he Sarphi budget percentages of the profits, and if a special regional banks ( ), it is obliged to shareholders to achieve revenue of them and only went out with him to the bank and other financial Omassh generate their profit they seek as a result of their investment. public funds and pointed out that the binding to keep a bank a good degree of liquidity has to cope with the sudden withdrawals, and wondered why imagine the bank that there withdrawals surprise it should be hedged and have to keep the level of good liquidity and continuously? He explained that banks and financial institutions dealing deposits audience you can withdraw money at any time, regardless of the lost private interest if they need a large liquidity, as Aehmh if the bank is successful or unsuccessful in banking policy does not care about any excuse may delay recovery of his money, and that the bank must be prepared to pay for public benefits at any time. Mahouelle confirmed that the bank find a case of intelligent balance between profitability requirements and liquidity requirements. reputation of the bank and pointed out that the problem of profit lesser the problem of liquidity so that the bank could not achieve this year's profits may be achieved in the coming year, but he also said, but liquidity if it did not have enough has caused the loss of the bank to his reputation in the banking market and the owners of deposits a reputation if shaken, it is not easy to return stability again. He said, in the case of a liquidity problem list and a worsening in a private banks, for example, because of poor liquidity management and exceeded credit risk limits in the granting of credit, and the expansion of the granted without collateral (inadequate or completely without it), and the monopoly of some people from the bank's owners the most liquidity of the bank to implement their own business without thinking about the return of those funds to the bank, funds that belong to the owners of deposits originally. He stressed the importance that should be obliging them to refund their loans to the bank one way or another may be done either by the central bank or by the executive branch as protectors people's money in general. and the need to obtain all loans granted guarantees are inadequate and liquidation of property that has been pledged in favor of the bank guarantee for the loans. central role hinted Mahouelle to a prominent and important role of the Central Bank after the (lender last) and the savior of the bank through its assistance for the advancement of his distress conditions established is and is not allowed for those who have caused the problem of restoring their role in the management of the bank, and the appointment of a new administrative body and temporary in order to hold the reins of things. He said there is another solution boils down to merge the bank with another bank or to new investors provided enjoyment knowingly in the banking business and the use of Bmusrvien true for the management of the bank and are working to restore recovered again. http://www.alsabaah.iq/ArticleShow.aspx?ID=91626
    0 replies | 45 view(s)
  • harry's Avatar
    Yesterday, 07:59 AM
    Keywords: Iraq worth two billion dollars to withdraw from the International Monetary Author: Laith Mohammed Reza on:April 25, 2015 BAGHDAD / Center Brief for the Iraqi Media Network (IMN) Governor of the Central Bank confirmed the agency relationship, the Special Drawing Rights granted to the countries participating in the International Monetary Fund and including Iraq is estimated at two billion dollars, pointing out that the Fund does not lend Iraq up to the minute. The relationship between The relationship between s (IMN) that "the International Monetary Fund is considering providing a loan of $ 800 million for Iraq, and this amount is modest." He said, "Iraq is a member contributor to the International Monetary Fund, and has the right to borrow money on favorable terms and very few benefits," pointing out that "the central bank can not lend to the government any money because the law does not allow it." He called on the General Coordinator of the Network of Iraqi economists Superficial inch, earlier, for dialogue between the central bank and the private sector, especially traders, to agree on a contingency plan and a national face of declining oil revenues, the development of standards for auditing import requests and identified as necessary and important, national necessarily convince them to reduce the value of the Iraqi dinar, because they have an influential lobby rejects devaluation, calling for the central bank to resume publication of demand for the dollar and the amount of data met, whatever the mechanism in place, because the central stopped publishing currency auction data Erpkina as analysts and reduced transparency. http://center-imn.net/1/?p=4394
    0 replies | 61 view(s)
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