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, 08:28 AM
    Finance Committee: Iraq needs the money because of the war .. and experts warn of crude selling prepaid 04/01/2015 (00:01 pm) At the time of the parliamentary finance committee welcomed the step of the Ministry of crude oil to sell Iraqi through postpaid to compensate for the lower price losses and to fund military operations, economists warned of the sale of oil prepaid, describing it as "big risk" because the current oil prices represent (price floor), which is causing a loss to the country billions, while the oil ministry confirmed that Iraq will be issued three million barrels per day during 2015. A member of the parliamentary finance committee pros Hamadoun in an interview for the "long" that "the application of pre-payment of the reserve system will benefit the Iraqi budget, while the rise in crude oil prices, " indicating that "Iraq is a state of war in addition to the drop in oil prices, therefore, a great need money at a time The current ". She added saying that "pre-payment for oil prices adds money to the general budget of the country and helps to overcome the financial crisis," saying that it was "possible to rely on deferred payment in the sale of some petroleum products, provided that it is in a period of not more than one month to take the money." Hamadoun explained that "the price of a barrel of oil will rise when sold through postpaid cash reverse, this matter will help the Iraqi treasury." For his part, said an expert on economic affairs Ahmed Sabih "long" that "oil production in Iraq, did not exceed in the best cases is 3.2 million barrels per day, either talking about the oil reserves are quantities of undiscovered potential in the ground and is extracted." The expert added by saying that "the sale of oil in a manner that pre-payment means that the amount of oil to be derived in the future will be sold current price levels or at preferential prices lower than current rates, and this case carry two types of risk, according to the economic point of view, the first because the current oil prices represent the lowest price levels ( Bottom) rates, is expected to get a rise in crude prices, especially after the security and military turmoil experienced by the Arab region. " He explained that "Iraq will lose the price difference when selling prepaid, and up the loss to the billions of dollars," pointing out that "the risk of a second when the sale of oil in this way is that reliance on the sale and subsequent production at the present time means the bankruptcy of the budget in the future, because the public finances will not find a source of income-generating rely on it to finance its budget in the future and will have to continue in the sales process forward and bear all the disadvantages that accompany them. " The expert pointed out that "the relevant authorities neglected planning element in the development, since the goal of the oil revenues here will focus on the financing of consumer spending and sustain the war on terror, " expected to "adopt this erroneous approach from an economic point of view, probably holds some kind of right in the case of Countries that have the capacity of production exceeds the size of the market share, and Iraq is not from these countries at the moment. " In the meantime, the oil ministry denied that affects reducing production of "oil giants" on Iraq's exports, confirmed its intention to export three million and 300 thousand barrels per day during the current year, and erected a giant tanks to keep up with developments in the production increase. He was a member of the Council of the province of Basra, has revealed in an interview to the (long-Presse), Sunday (29th of March the current 2015), for the Ministry of Oil under the guidance companies operating within the licensing rounds, cut production because of their inability to absorb the increase, while among the That coincided with a decline in the rate of export because of security events in the region, the ministry called for the speedy establishment of tanks commensurate with the increased production volume. A ministry spokesman, Assem Jihad, said in an interview to the (long-Presse), "The ministry has a clause allowing it review its contracts with international companies to be adjusted between two and another, according to the public interest", adding that "reducing the production of these companies will not affect exports as some believe, because the ministry is continuing with its plan to increase it. " Jihad said that "the intended Baltkulais is a production peak," noting that "the contracts with international companies states achieved 10 percent of the production of the field within three years gradually until reaching the peak, depending on the nature of each field and the required rates, but managed to abridge that period nearly a year. " He explained the spokesman of the Ministry of Oil ,, "The ministry has reduced peak production to enable them to maintain a steady rate for years longer," pointing out that "the ministry's plan for oil exports to reach three million and 300 thousand barrels per day during the current 2015, unless an event emergency or technical problems, both with the Kurdistan region or as a result of stops southern ports due to bad weather. " He continued jihad, "The ministry is keen on a greater amount of oil exported to compensate for lower prices," Msttrda "The Alkhoznip energies on the ministry's plan to keep pace with the increase in production and exports, has initiated the introduction of giant tanks to service." And opened the oil ministry, in (the 19th of February 2015), two reservoirs new in Tuba oil depot in Basra province, with a capacity of 66 thousand cubic meters, and confirmed that the reservoirs Pharmacokinetic Khoznah South warehouse capacity of more than one million barrels, while indicated that the government is conducting negotiations New with operating companies in the oil fields to prevent the loss of Iraq, revealed its intention to build a new warehouse in Basra to keep pace with the expected increase in production. Detection and Finance Minister Hoshiyar Zebari (28 March 2015), as the pursuit of the federal government selling quantities of oil reserves on prepay. Zebari said in a press statement, that "the government is planning to sales of oil reserves, will also begin economic reforms to amend the oil contracts with major Western companies." "We have not yet quantities details and the value of these sales, known in the oil industry pre-funding is determined, but Iraq is in need of liquidity to fund its military campaign against al Daash terrorist To compensate for the revenues from oil, which fell due to insecurity and low price of crude oil in the world market losses." Zebari pointed out that "Baghdad also plans to change the way it manages its exploration and production contracts with oil companies (such as Royal Dutch Shell, BP, Exxon), you'll learn the amended contracts on behalf of the revenue-sharing contracts." With this shift will move Iraq for the first time to adopt a production-sharing contracts, under which the division of revenues is a percentage of the services that you get under which oil companies on a specific fee contracts. Iraq seeks to raise its oil exports by adding 550 thousand barrels per day after the recent agreement between the central government and the province of North Alarac.oaad this first procedure of its kind resort where Iraq's oil reserves, within the funds in an emergency management procedures, as a result of the fiscal deficit, due to lower oil prices below $ 50 a barrel and start a policy of austerity. http://www.almadapaper.net/ar/news/484881/%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9--%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A8%D8%AD%D8%A7%D8%AC%D8%A9-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%A3%D9%85%D9%88%D8%A7%D9%84
    0 replies | 7 view(s)
  • harry's Avatar
    Today, 08:14 AM
    Parliamentary Finance hosts Zebari to discuss the preservation of the dinar exchange rate against the dollar Wednesday, April 1 / April 2015 13:22 Parliamentary Finance Committee hosted, on Wednesday, Finance Minister Hoshyar Zebari. According to a parliamentary source familiar, told all of Iraq , that he "has hosted Zebari and a number of general managers in the ministry to discuss the hard currency leakage to the outside, and the ways and measures to maintain the exchange rate of the dinar http://www.alliraqnews.com/2011-04-18-02-57-37/174949-2015-04-01-09-57-09.html
    0 replies | 14 view(s)
  • harry's Avatar
    Today, 07:56 AM
    Parliamentary Finance hosts Zebari to discuss monetary and hard currency in Iraq Wednesday April 1 2015 12:48 Alsumaria News / Baghdad, said a parliamentary source, Wednesday, that the Finance Committee, the House of Representatives hosted Finance Minister Hoshyar Zebari to discuss the issue of currency and foreign currency in Iraq . The source said in an interview with Alsumaria News , "The parliamentary Finance Committee hosted, today, Finance Minister Hoshyar Zebari . " The source, who asked not to be named, said: "The aim of hosting comes to discuss some things about the currency and foreign currency in Iraq." http://www.alsumaria.tv/news/129547/المالية-النيابية-تستضيف-زيباري-لبحث-العم/ar
    0 replies | 16 view(s)
  • harry's Avatar
    Today, 07:41 AM
    Parliamentary Finance Committee will host Finance Minister and senior central bank officials April 1, 2015 During hosting which was attended by Director General of the General Administration of Customs and the Director of the Legal Department in which the director Alchukrat in the GCT and the Office of deposit money laundering in the Central Bank and the Director General of the Public Authority for taxes Al_husabh in the General Administration of Customs, the discussion of the need to stop the financial infusion abroad and methods of documentary credit and how to Adjust documentary credits that prevent money laundering, forgery and customs system and connecting the border. Inquired ladies and gentlemen members of the committee on the progress of actions that undermine corruption as part of the submission of communications by the financial institutions that provide the money laundering office, which in turn converts it to the public prosecutor. Mr. Chairman of the Finance drafters and accept tables amounts of money that have been washed and wondered about the processes and the names of the companies and customers who have turned from her huge sums of money out of Iraq and those who stand behind them, and to provide statement of accounts, which bought the currency that exceed the amount of 125 per person per customer during one year in the list included many names and fictional figures, which amounted to over 2012 hundred million dollars to $ 528 million during the previous years, Moaza the formation of a parliamentary committee to investigate high-money laundering offenses to put the corrupt in oversight and accountability circle. From his part, the Minister of Finance fears the International Monetary Fund and its report on currency leak, putting Iraq at risk of an economic tailspin and expressed his full cooperation with the parliamentary finance committee to open all files and records in the Ministry of Finance for the analysis of money laundering and stand on those who stand behind a proposal to the Finance Committee that adopt research on who is behind the money out of Iraq. http://www.parliament.iq/details.aspx?id=36543&AlwType=Pre
    0 replies | 20 view(s)
  • harry's Avatar
    Today, 07:36 AM
    The meeting's agenda No. (25) Wednesday (1) April 2015 April 1, 2015 Third parliamentary session The first legislative year Legislative Chapter II First, read verses from the Koran. Second: the first reading of the draft law of the Federal Civil Service. (Finance Committee, the Legal Committee ). (Article 100). Third: the second reading of the draft law of the First Amendment to the Law on the Protection of mass graves No. (5) for the year 2006. (Commission of the martyrs and victims and political prisoners, Human Rights Committee, the Legal Committee ). (Article 10). Session begins at: eleven am http://www.parliament.iq/details.aspx?EvID=13245
    0 replies | 13 view(s)
  • harry's Avatar
    Today, 07:33 AM
    Parliament held its meeting under the chairmanship of al-Jubouri, and the presence of 185 deputies Agency eighth day April 1, 2015, 11:43 BAGHDAD - ((eighth day))The Council of Representatives, on Wednesday, its 25-chaired by Salim al-Jubouri, and the presence of 185 deputies, with parliamentary source that the meeting will see the first and second readings of two bills. A source said that "the House of Representatives held today, its regular 25-chaired by Salim al-Jubouri, and the presence of 185 deputies." "The meeting will see the first reading of the draft federal civil service law, and the second reading of the draft law of the First Amendment to protect the mass graves Law No. 5 of 2006". And raised the Presidency of the Council of Representatives, the first Monday (March 30, 2015), the parliament session usual after the completion of the first reading of three laws and a second reading of the law of one, while the vote was postponed a decision for the organization, "Daash" against the Iraqi children crimes. http://8th-day.com/?p=101684
    1 replies | 20 view(s)
  • harry's Avatar
    Today, 07:30 AM
    Presidency of the Parliament: the House of Representatives to cancel vacations until the end of the legislative term Agency eighth day April 1, 2015, 12:28 BAGHDAD - ((eighth day)) I decided the Presidency of the Council of Representatives, on Wednesday, the abolition of the House of Representatives leave requests until the end of the current legislative term. The source said that "the Presidency of the Parliament today decided, the abolition of the House of Representatives leave requests until the end of the current legislative term in order to complete the bills, while confirming it Stgrm MP who is absent from the meeting or meetings of parliamentary committees in the amount of 500 thousand dinars. The source, who asked not to be named, said: "It is absent from the meeting or meetings of the parliamentary committees will be fined $ 500 thousand dinars." http://8th-day.com/?p=101706
    0 replies | 15 view(s)
  • harry's Avatar
    Today, 07:27 AM
    Parliament to raise its next Saturday Agency eighth day April 1, 2015, 14:01 BAGHDAD - ((eighth day))Raised the Presidency of the Council of Representatives, on Wednesday, its 25 to next Saturday, while the parliamentary source that the meeting saw the completion of the first and second readings of two bills. The source said that "the Presidency of the Council of Representatives filed, today, the 25th session of the Council, which was held under the chairmanship of Salim al-Jubouri, and the presence of 185 deputies, to next Saturday." He said: "The meeting saw an end to the first reading of the draft federal civil service law, and the second reading of the draft law to the First Amendment protection of graves Ganaih Law No. 5 of 2006". The Iraqi Council of Representatives held earlier on Wednesday (April 1, 2015), held its 25th headed by Salim al-Jubouri, and the presence of 185 deputies, with parliamentary source that the meeting will read the first and second of the two bills.http://8th-day.com/?p=101733
    1 replies | 20 view(s)
  • harry's Avatar
    Yesterday, 08:35 AM
    Parliamentary Finance: The government appealed against the budget with respect to the interests of the people and reduce the privileges of officials Tue, March 31 / March 2015 15:52 Parliamentary Finance Committee announced the formation of a joint committee with the legal representative of the pleading to the Federal Court regarding the appeal lodged by the Council of Ministers regarding the items added by the House of Representatives in the fiscal budget for 2015 Act. He said the financial decision of the parliamentary Masood Haider told all of Iraq "We discussed today in the appeals made by the Council of Ministers to the Federal Court on the additives in the budget bill, which is up to 17 articles were discussed and it was decided that the House of Representatives to respond to this appeal and Serafa at Court Federal them. " He said the "government challenged materials in the budget is in the interest of the poor and the concerns of the Iraqi people and the shrinking of the privileges of ministers and officials and restore public money the federal state, but the Cabinet challenged Among these materials Article 48 and there are other materials relating to recruitment, banks and determine the amount of central bank public auction for the sale of the dollar. " He stressed that the parliamentary financial decision, "everything has been added to the Finance Committee for the Law of the budget is the interests of the Iraqi people and the two sides in the fight against corruption and to prevent money laundering and reduce the privileges of officials, but they are appealing in these materials." He added, "we will defend what feet of the Commission," noting that "everything that has been of the parliamentary finance committee is transfers between the doors of the budget according to the Constitution and to reduce the amounts and within the powers of the House of Representatives, according to the constitution." The Council of Ministers decided in its meeting on March 10 of this appeal in all legal material added by the House of Representatives on the state budget for the 2015 law, which has not been submitted to the Cabinet was provided by the Council of Ministers in the draft submitted to the House of Representatives. It also decided in its meeting on 17 of this month wait to work with paragraphs objectionable from the federal budget for the year the law in 2015 until the resolution of the case, and this is not to issue instructions to paragraphs Interceptor obtained from the relevant ministries and suspended in the event of issuance until the resolution of the case above. It is said that Article 48 of the budget approved by the House of Representatives on 29 January last, and ratified by the Presidency of the Republic Act stipulates that "the reduction allocated to senior officials in the state and reduce maintenance expenses allocated and fuel amounts and include the three presidencies and their deputies, ministers, deputy ministers and directors-general and their grade with no promotion of any pension treatment until after discharge from state property movable and immovable property and retroactively from the date of 9/4/2003. " Budget that the law also provides for "the central bank is committed to identifying sales of hard currency in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of goods and Data tax settling accounts and saving documents Alkmarki through 30 days from the date of purchase of the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued i , and use other banking tools to maintain the strength of the dinar against the dollar http://www.alliraqnews.com/2011-04-18-02-57-37/174728-2015-03-31-12-42-36.html
    0 replies | 98 view(s)
  • harry's Avatar
    Yesterday, 08:30 AM
    Parliamentary Energy: We have received a letter from the government to adopt the draft oil and gas law in 2011 Tue, March 31 / March 2015 07:31 Received for the oil and energy parliamentary, a book from the government spends adoption of a draft oil and gas law, the 2011 edition. The committee member said Razak Mheibes, told all of Iraq : "" The committee has not yet decided with the Presidency read. " "The laws that can read Committee, are exempt foreign contractors and sub, fees contractors on the geographic area within the oil licensing rounds." He was a member of the Commission on oil and energy parliamentary Zahid al-Abadi, said 18 of this March, for , "The previous government had sent oil and gas Pencchth amended the law in 2011 was sent currently before the Commission on oil and energy to the prime minister and we are waiting for the answer from the government for the purpose of read within the Committee and submitted to the House of Representatives for the first reading, "noting that" the Commission demanding cabinet send to read it within the Commission and thus be submitted to the Presidency of the Parliament for inclusion on the agenda of the House agenda. " The Oil Minister Adel Abdul-Mahdi said in a 12 month in a statement that the absence of a law on oil and gas is the reason for the current stir the crises facing Alarac http://www.alliraqnews.com/2014-06-14-07-34-14/174579--2011-.html
    0 replies | 72 view(s)
  • harry's Avatar
    Yesterday, 08:16 AM
    Parliamentary Security: There is a lot of pressure on al-Maliki about the lack of accountability of the fall of Mosul! Under section: political Dated: March 31, 2015 BAGHDAD / News Network Iraq revealed a member of the security and defense committee in Parliament MP Majid Ghraoui, on Tuesday, that the Commission of Inquiry fall of Mosul hit the barriers and political pressures shift from having called in senior officials, adding that the committee will fail in its mission that did not require all of whose name appears regardless of Official website and Alssayas.oukal Ghraoui in a statement: "The decision of the Commission to investigate the cause of the fall of Mosul to listen to senior officials in the case certificates will be as desired personal illogical and Amhenne, and not to call them, led by the Commander in Chief of the Armed Forces and former clear and definite evidence that the Commission comply with the pressures Political and therefore will report minus non-integrated, which would pull the Commission failed mission entrusted to it by the people ".oshdd Ghraoui that" the Commission confront Iraqi people boldly about those pressures do not even accused of complicity "is noteworthy that the committee formed to investigate the fall of Mosul summoned Governor Nineveh Ethel Nujaifi, on 10 March 2015 to identify the words, and hosted the director general commander of the armed forces of the former Office of the team Farouk al-Araji for recording their statements, while the oldest was the agent of the Ministry of the Interior former Adnan al-Asadi yesterday call Monday about the fall of the city. http://aliraqnews.com/%d8%b3%d9%8a%d8%a7%d8%b3%d9%8a%d8%a9/%d8%a7%d9%84%d8%a7%d9%85%d9%86-%d8%a7%d9%84%d9%86%d9%8a%d8%a7%d8%a8%d9%8a%d8%a9%d9%87%d9%86%d8%a7%d9%83-%d8%b6%d8%ba%d9%88%d8%b7-%d9%83%d8%a8%d9%8a%d8%b1%d8%a9-%d8%b9%d9%84%d9%89-%d8%b9%d8%af%d9%85/
    0 replies | 60 view(s)
  • harry's Avatar
    Yesterday, 07:54 AM
    The recovery of more than one billion dinars were spent on the "fake projects," especially in Baghdad governorate Tue, March 31 / March 2015 10:13 Twilight News / Integrity Commission announced on Tuesday, the success of the investigative procedures to retrieve more than one billion dinars were spent on a private Baghdad governorate fake projects. In a statement to the Board, stated for "Twilight News", said the investigations department in the Commission reported in Speaking about the case, which included committed by the Committee for the direct implementation in the province of Baghdad irregularities group, indicating it included the creation of living rooms for guards and models and processing Games umbrellas projects garden hand Palestine and showing the result of investigations conducted by the Commission that it is a fake projects. The statement said the details of the certificate to be director of the establishment of the projects (hand Palestine) refers to the non-implementation of the project for the creation of services and games in the garden. He added that the certificate be drawn to the other paragraphs of the project included packaging Front interfaces Balkabon and switch the outer door and building external queries were not conforming to specifications, which called for the director of the non-receipt of the project. He said the data competent investigation of integrity issues judge far received details of investigations in vivo body Baghdad governorate student informed of the details of the amounts spent on projects, noting that the disbursements of the draft terms of Palestine services amounted to (435 149 375) million and spent on special aspect Games processing was ( 513 690 000) million and spent on the project of establishing umbrellas sit amount (370 525 250) million of the total disbursements (1,246,391,400) billion dinars. The statement said that the competent judge decided to reconsider your projects to investigate where the outcome of the investigation show that the signatures attributed to the Committee on the direct implementation forged by the Chairman of the Committee called (O.m.r), indicating that the committee members do not have any information about the project were issued recommendations include investigation staff (O.m.r) and (Kh.o.a) disbursements. The statement noted that on 10.3.2015 informed the unit of account in Baghdad governorate competent investigation of integrity issues that the judge accused They deposit amount of $ 1,246,391,400 in the province, which supported the receiving account. http://www.shafaaq.com/sh2/index.php/news/iraq-news/93796--------q-q---.html
    0 replies | 45 view(s)
  • harry's Avatar
    Yesterday, 07:36 AM
    Municipalities emphasizes the need for 800 billion to meet the debts of ongoing projects Published on Tuesday, 31st March / March 2015 10:47 BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - The Minister of Municipalities Abdul Karim Younis, the ongoing projects of the past years and the ministry of the debt to be paid to companies, up to 800 billion dinars. He explained Yunus's ( IMN ) "The government has not allocated through the new budget only 388 billion investment as a budget." Government program and includes in its second paragraph "upgrading service and the standard of living of the citizen", where the government through its program seeks to meet the basic requirements of the citizens by improving their quality. http://center-imn.net/2/index.php/2013-09-08-07-34-57/16421-8900
    0 replies | 43 view(s)
  • harry's Avatar
    Yesterday, 07:33 AM
    Parliamentary Finance outweigh the return of the stability of the dinar exchange within weeks Published on Tuesday, 31st March / March 2015 11:26 BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - the parliamentary finance committee, said that the Governor of the Central Bank of Iraq, told her that the exchange rate of the Iraqi dinar against the dollar will return to normal in the coming weeks. The record of the Iraqi dinar exchange rate against the dollar decline over the past few days and arrived in 1270 dinars a per dollar, while the Central Bank of Iraq depends to a fixed exchange rate to the dollar in 1166. The committee member said Masood Haider's ( IMN ), "The Governor of the Central Bank of Iraq was informed that the financial decline of the Iraqi dinar exchange rate due to the speculative traders in the market, especially after the implementation of the central bank's actions, which included control fully the phenomenon of money laundering." Masood added that "the central bank governor of Bank experts assured the committee that the dinar exchange rate against the dollar will return to normal in the coming weeks." The government is seeking to compensate for the decline in the sale of oil prices in the international markets to pump more crude oil, due to the need for more cash to fund massive military campaign against Daash terrorist gangs. http://center-imn.net/2/index.php/2013-09-08-07-34-57/16427-2015-03-31-11-26-36
    0 replies | 90 view(s)
  • harry's Avatar
    Yesterday, 07:26 AM
    Daash leaders surrender in Tikrit and hours separated from the Declaration fully edited Agency eighth day March 31, 2015, 13:45 BAGHDAD - ((eighth day)) A security source in the leadership of Salahuddin operations revealed Tuesday that the surrender of a number of leading Daash presidential palaces near the center of Tikrit. The source said that a number of leading Daash surrendered this morning to the anti-terrorism device near the presidential palaces central Tikrit, indicating that most of the surrendered are foreigners and have different nationalities after they left local fighters and fled outside Salahuddin. In a related development, the military spokesman confirmed the body the popular crowd Karim al-Nuri, the security forces have tightened the noose on Daash gangs in a specific area in the presidential palaces in Tikrit, stressing that the end of the Battle of Tikrit, will be in the coming hours. Nouri said "the Iraqi Army Aviation currently holds the task of providing air support for military cuts, and there is no international airline alliance", stressing that "the security forces have tightened the noose on Daash gangs in a specific area in the presidential palaces." Nouri added that "in the next few hours will curse edit Tikrit fully, having suffered Daash gangs inside the city of Tikrit, a large loss of life and equipment because of the air and artillery bombardment of the center of their headquarters." He announced the Commander in Chief of the Armed Forces Haider Abadi last Wednesday to resume editing city of Tikrit Daash gangs process after about ten days to stop within a previously prepared a military plan. http://8th-day.com/?p=101592
    0 replies | 62 view(s)
  • harry's Avatar
    Yesterday, 07:22 AM
    State law rejects the nomination for the presidency of the writer of the National Alliance Agency eighth day March 31, 2015, 13:16 BAGHDAD - ((eighth day)) MP from the parliamentary coalition of citizen Faisal Al-Zubaidi said that there are parties within the coalition of state law rejects the nomination of Ali al-Adeeb, for the presidency of the National Alliance. Zubaidi said in a statement to ((eighth day)) that "the coalition sees the need for the lords of the National Alliance to speed up the selection of the President of the National Alliance, including requiring the general situation in the region, we Madha" We have a candidate to take over the presidency It promised that "there are differences between the poles of the National Alliance to choose a candidate to take over the head of the alliance, explaining that" some parties of the state law rejects the nomination of the writer. http://8th-day.com/?p=101587
    0 replies | 30 view(s)
  • harry's Avatar
    Yesterday, 07:17 AM
    Najib: employees' salaries cost 51 trillion dinars per month and the state treasury is not enough Agency eighth day March 31, 2015, 9:52 BAGHDAD - ((eighth day))Revealed a member of the Committee on Economy and Investment parliamentary Najiba Najib, on Tuesday, the state employees' salaries and compensation for affected people and a network of social welfare cost the state 51 trillion dinars per month, stressing that the Iraqi government is committed to providing these amounts. Najib said that "the Iraqi state treasury which is not sufficient amounts, but this does not mean that the government is bankrupt and unable to pay its obligations." Najib showed that "dependence on oil completely experiment has failed, especially at this stage," pointing out that "at the same time Iraq is being bankrupt has multiple resources can be harnessed to benefit from the financial revenues in addition to the cash balance." Najib stressed that "state employees and compensation affected by the terrorist attacks salaries and social welfare network cost the state 51 trillion dinars per month". http://8th-day.com/?p=101534
    0 replies | 50 view(s)
  • harry's Avatar
    Yesterday, 07:05 AM
    Brent falling back to $ 55 per barrel31/03/2015 09:56 Follow-up / Source News / .. futures prices for crude international measurement recorded Brent today a new low of $ 55 per barrel despite expectations upside to $ 72 a barrel in 2016. Oil prices fell in early morning trading in Asia on Tuesday According to the New York Mercantile Exchange futures for crude oil trade in next May at $ 48.10 a barrel at time of writing, down by 1.19% from its last meeting, which was recorded to $ 49.29 a barrel. Brent stood in at 05:57 GMT to $ 55.79 low for another 51 cents, closing her where he was registered to $ 56.30. These prices low price of about $ fiscal budget for Iraq for 2015, which was built on the basis of $ 56 a barrel. The Oil Ministry announced last Wednesday for the export of 72.7 million barrels Baardat unrealized them amounted to $ 3.4 billion during the month of February and the average selling price of $ 46 and 79 cents per barrel,. http://l-news.net/index.php/economy/75227.html
    1 replies | 69 view(s)
  • harry's Avatar
    Yesterday, 06:59 AM
    OPEC's basket of crudes falls dollars per barrel 31-03-2015 02:44 PM The Organization of Petroleum Exporting Countries (OPEC), today, that the price of its basket of crudes 12 fell yesterday by $ 48 cents to settle at 45.51 dollars a barrel compared to 93.52 dollars a barrel on Friday. According to the news agency bulletin (OPEC), which is seen by the (news) that The annual rate for the basket price last year was 29.96 dollars a barrel. and includes a basket (OPEC), which is a reference in the level of production to 12 policy species are raw (Sahara) Algerian, heavy and Iran, and (Albesarh Iraqi), and raw Kuwait Export, Ore (Sidr) Libyan, Ore (Bonnie) Nigerian, and raw sea Qatar, and Saudi Arabian light crude, and crude (bitters), and Venezuelan crude, and (Girassol) Angolan, and (Orient) Ecuadorian. http://www.ikhnews.com/index.php?page=article&id=138363
    1 replies | 69 view(s)
  • Charlie's Avatar
    03-30-2015, 08:37 PM
    Charlie well what i'm sharing tonight, i remember hearing way back in "the day" Charlie we had long discussion about pegging to oil tudor yes we did Charlie so we talked about pegging to oil years ago tudor yes Charlie and recently here Charlie i did numbers back then, looking at the M currencies Charlie the analysis was way off, but when i started analyzing last week i started noticing some correlations Charlie iraq is a cash driven economy Charlie one had to hope that this would change and money markets develop and capital flows into the country Charlie today we still see a heavy oil dependent economy tudor very much so Charlie oil account for half of iraq gdp Charlie the correlation i found was quite stunning as i looked at currency circulation Charlie particularly the exchange rate as it relates to currency to gdp ratios Charlie i didn't expect to see the numbers fall complete in line with the values as far back as 1981 Charlie so when iraq hit a big snag with oil prices tudor that had to hurt their bottom line Charlie i further understood the pressure of the rising dollar against the dinar though it is effective pegged to it Charlie as i go back to an article from a long time ago, it very much predicted this problem CLICK HERE TO REGISTER AND READ THE REST OF THIS CHAT. IT'S FREE! REGISTRATION LINK: http://www.dinarspeculator.com/register.php
    0 replies | 55 view(s)
  • guardian's Avatar
    03-30-2015, 08:00 PM
    Thanks harry! It's nice to see the deletion of the zeros is still in their agenda. :)
    2 replies | 213 view(s)
  • harry's Avatar
    03-30-2015, 05:32 PM
    The Governor of the Central Bank of the relationship, the project to delete the zeros still exists a need to "stabilize" the implementation and follow carefully
    2 replies | 213 view(s)
  • harry's Avatar
    03-30-2015, 05:15 PM
    Governor of the Central Bank on the Keywords in dialogue with the (long) 03/30/2015 (21:01 pm) _khassna 5 trillion dinars for mortgages and housing, industrial and agricultural  project to delete the zeros is still there and the need to "stabilize the Year" for its implementation  allowed banks to use half of its reserves to buy bonds Part II The Governor of the Central Bank of the relationship, the project to delete the zeros still exists a need to "stabilize" the implementation and follow carefully, and as he emphasized that the central coordinate with local banks for economic development and financing of small and medium-sized enterprises, said in the second part of the expanded dialogue interview with "Range": that the government decision which committed banks fulfillment rate of tax when you sell the dollar guarantees for the government obtaining part of the customs duties. and below the full text of the second part of the interview conducted by the "long", with the relationship .. fa step to meet the tax, has been addressing tax evasion through obtaining the custom fees by banks which objected to the decision .. What is the opinion of the Central Bank of such a decision? - "Possible for this decision to replace part problem obtaining the tax, and it solves part of the problem, and what happened in the last period of obtaining the tax through banks when buying the dollar, is the decision not from the central bank, because it is not our relationship tax, a government decree issued for the prime minister and the finance ministry, and because of the circumstances through which Iraq currently, and the presence of the problems at border crossing points, and because of the large amount of corruption institutions related to this subject, and found that the best way to be obtaining insurance customs duties, identified by 5% when buying the dollar, This is at the very least guarantee of the government portion of the proceeds from customs duties without leaving the rings, units, and institutions are not able to control this process, and the rate of 5% is not all the tax, but at the very least it is a part and presumably after the introduction of the goods being the actual tax is calculated, certain material may be a toll of 20% or 30% or 3% is being conducted settlement between the General Administration of Customs and customer between or merchant in the light of the real quantity, so this decision a government guarantee as certain of the proceeds of customs duties, it is true that the decision dollar displays to rise as it gets Now, one of the reasons for this increase is that the banks, while the dollar sells, it sells at a price that was purchased by the central bank, which has not changed, and she has these fees, so this rise is real, but it is a load dollar fees that push the bank. "  know that the country is living a financial crisis because of lower oil prices on the one hand, and because of the battles against the "Daash" On the other hand, the question, what the role of the central bank to support the economy and the development process? "The financial crisis through which Iraq has opened the door to the study of the economic and financial situation in the country, in some cases, financial abundance are cover failures, and we believe that the favorable opportunity, and then revealed that the current crisis country's real economic capabilities kick that can provide stable resources and permanently unavailable, so it is an opportunity, as the central bank calls for the need to develop Iraqi economic model outlining the economy and resources, financial and monetary policies and other so he can Istqad of this crisis, as the lessons of this crisis must and employ the right way, and to reconsider the economic structure and policies Finance in what country is exposed to shocks and risks due to the fluctuation of the only source of imports of Iraq, which is oil, and the central bank arms folded not stand towards the current crisis, but entered the depth of this crisis with the government in an attempt to overcome first, and to contribute in building the correct directions for the future, and on the first level The central bank as permitted by law, we have demonstrated willingness to buy bonds the government issued and we buy from the secondary market, and we do this now, and the second point and do not even get a contraction affects economic activity because of the weakness of resources and thereby increase the unemployment rate, the central bank has decided the equivalent of 5 trillion dinars to the specialized banks (real estate, industrial, agricultural, housing) and I think that this is an important step and spoke for the first time to enter the central bank in the financing of these banks process in order to move the economic situation, as well as allowed the central bank to banks, which has a reserve with the central bank and by law must to put 15% of their capital in reserve at the central bank, allowed banks to use half of this reserve to buy bonds so that these banks benefit from the return on these bonds at the same time we can shortfall coverage at the present time, and all now realize the need to stimulate the private sector and take its role broad economic currency and we can say that the Central Bank is the pioneer now in support of the private sector, which has to do with banking and financial sector, and we have a broad plan may not help the field to mention the details, and we adopt at the present time the advancement of the private banking sector by giving the confidence of the private banking sector, The public's trust is the basic rule is based, so the first thing we have done is to try to promote this confidence in the banking sector through the proposals they have made to the Council of Ministers and the Economic Commission to accept government deposits at private banks, because as it has been to prevent government institutions from the deposit in private banks I do not expect the public to deposit deposits in those banks. " ma reason for a lack of public confidence in banks? "Occurred in previous periods situations such as the failure of the bank or the bankruptcy of another, and were then radical decisions not to deal with private banks, we try to give confidence in banks, and even the bank that was the cause of the crisis, we are trying to revive it again, the central bank has plenty of flexibility and tools which can which corrected the situation of banks which are exposed to the problems, because the collapse of any bank affect the banking sector as a whole, so the government agreed to accept deposits and accept issued by banks and instruments, as well as accept letters of credit, which opens to the government from private banks, which are very important issues , the central bank is considering in the current period to provide liquidity to banks which are exposed to a state of distress at the present time according to the central bank law, as well as coordinating now with the banks in an attempt to her husband in the process of economic development and financing of small and medium enterprises is an important and a great program and it was the reason for the growth and economic activity who got in a lot of countries, and there are regulatory and legislative reforms and we have five to six new laws with respect to guarantee deposits in respect of Islamic Sukuk and Islamic banks and the law of the new banks and the law of the new Central Bank, all of these bills are very important in order to avoid the problems that were previously holds. " adm saving citizens money in banks, you come from a lack of confidence in banks or she societal culture? "We have a serious phenomenon in Iraq, at a time when the country needs him to the resources to create economic activity and the need for liquidity, we note that the bulk of this liquidity is outside the banking system system, but today we have between 30 to 40 trillion outside the banking sector, which is stored in the public , so the central bank to give confidence in banks and providing the movement and activity of her so that we can attract these 30 or 40 trillion held by the citizen and incorporated in the development process and economic activity, and that part of the subject back to the public culture and the other part is due to give confidence in banks, As we have already said that the first step by the central bank is to create confidence among the public banks through bridging the relationship between banks and the government to the public trust this, and also through the bill, which we are working on a deposit insurance law, which is a very important law, because the citizen when he feels the existence of law that protects and Diath in the bank be a reason to deposit their money in banks. " _aad Iraqi banking system late compared to the banking systems in most countries of the world and even the nearest neighboring countries, and may be bureaucratic red tape or a reason for the reluctance of citizens to deal with these banks, Is there any intention to develop the mechanisms of Iraqi banks in the near term? "This note is very important, especially since the banking system in all countries of the world is the most sector progress in regulatory, administrative, financial and technical operations, which is the first advanced in all the institutions, because it is an important sector, and the efficiency, speed, accuracy and the whole transparency important things so we see the financial and banking institutions are particularly sophisticated in their work always, we have a very big problem lies in the acquisition of 80% by the government banks, meaning that the government's banking sector accounts for 80% of the banking sector, market, and not a problem by acquisition, but this sector is underdeveloped, means you have 80% of the banking sector has lagged work, organization and use of modern technologies and others, so it is necessary to reconsider the structuring of the Rafidain and Rasheed because they are the bulk of the Iraqi banking sector, in order to achieve the reorganization of these two banks, and to reconsider the ownership of these two banks, and in favor of that these banks are joint stock companies and open the way for the banks and the public to access these banks through certain stocks, the central bank adopted in the current period, a lot of modern systems in banks manage to regulate banking operations and coordination is underway with these banks to implement these programs and will tighten the coming period, a reflection of this matter. " ugod foreign banks in Iraq is very limited .. Is there any intention to enter the international banks to work in Iraq? Is this a small number of global central banks meet the ambitious Iraqi? "The central bank encourages the entry of foreign banks to operate in Iraq, and there are a number of branches of foreign banks operating in Iraq, but the overall situation in the country delay the entry of foreign banks into Iraq and there are branches of Arab and foreign banks but they are still cautious and limited in scope in its work and has plans to expand its work in the future coupled with the conditions existing in the country. " kther talk about the project to delete the zeros, which is long overdue, and we hear occasionally conflicting statements on this matter .. Where arrived Central Bank in this project? "Multi deletion of zeros taking many dimensions to the debate and controversy, and there are two points of view on this subject, and that the points of view two different deletion or maintain agree on the principle that this deletion or maintain does not change the reality of the currency or the value or effect in the economic reality of financial or cash because are just like you put a sticker on the currency in or on the zeros, party pro-deletion of zeros sees the need to delete the zeros, because the zeros when they are in large numbers, usually in countries where very large inflation happens and, as happened in Iraq earlier, while disappear inflation is natural phenomenon and back to normal, as is happening now in Iraq that the inflation rate is very slim and low, when it should delete the zeros to facilitate the calculations and give the kind of confidence the currency, because the zeros linked to the weakness of the previous currency, and there is the case in the sense or the subconscious mind that these zeros express the abnormal condition and inflation, so that the removal gives the kind of reassurance to the return of the currency to normal reality and the real power, and facilitates calculations and registration ,, while the opposite view that hinder delete currently zeros, you see that this process since it does not create an impact on the ground the existing economic, say you do not need to replace the currency in which the cost management and organizational, as well as that there is a kind of fears that the effects of inflationary occur any currency less psychologically and not structurally structural value, it is scientifically can not occur something, there is a kind of fear, and we as a central bank to give to ourselves the opportunity and space for feminization in this topic because it is not a major priority for the central bank, and we believe that the general conditions of her relationship in taking such a step, and making sure the process of withdrawal and replacement of more than 40 trillion dinars, even if they are within range We put time and in circumstances that may not be stable, could create a lot of shenanigans, We need to general stability which we can do through this process smoothly, but we put this subject on the track to move it carefully. " ma reason for the lack of a coin? "Reconsider the issue of the coin is associated with the subject of the deletion of zeros, which is needed to study, and so far we study this matter, because the central bank tried earlier in the infectious currency that have not been accepted, and was retrieved by the central bank and bear the losses." For more than a year, Iraqi banks have stopped granting loans to citizens because of the failure to approve the budget in 2014, and in the shadow of the current period of financial crisis, the central bank steps in this aspect? "Personal loans determined by the banks (Rafidain and Rasheed), a policy relating to banks through the availability of liquidity, according to the priorities that are working on, but we have dedicated industrial, agricultural, real estate and housing loans of $ 5 trillion to banks and will open the door wide for the specialized banks, which are loans which will benefit the people." . http://www.almadapaper.net/ar/news/484809/%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%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%B9%D9%84%D9%8A-%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82--%D9%81%D9%8A-%D8%AD%D9%88%D8%A7%D8%B1-
    2 replies | 213 view(s)
  • harry's Avatar
    03-30-2015, 08:41 AM
    Abdul-Mahdi: Iraq lost compensation of more than $ 14 billion because of poor planning and restrictions and instructions History of edits:: 3/30/2015 1:33 p.m. • {Baghdad: Euphrates News} Oil Minister Adel Abdul Mahdi, the Iraqi state has paid compensation to oil companies as a result of disruptions bore responsibility, noting that the total payment of compensation since 2011 and the end of 2014 amounted to 14 billion and 448 million and 146 thousand and US $ 107, any more than $ 3.6 billion a year on average. Said Abdul-Mahdi said in a statement the agency {Euphrates News} received a copy of it today that "poor planning or because of the application of restrictions and regulations and procedures of the obsolete Tkhosrna more than protect us or defend our interests, noting that licensing rounds contracts stipulated in Article 12.5 that" the right of the company Extractive review your any proposed work program of the level of production proposal or certified, has required under the notice, a written, from the contractor or operator to increase or reduce the {reduction} production rate of the contract area for any of the following reasons: " He added that "the administration and the economy in the conditions of the modern world Do not run the laws and regulations and instructions eat forever by drinking .. This is the real corruption .. and this is the big losses and real waste of money .. and this is a real lack of planning and good governance. " The Oil Ministry has earlier announced its agreement with the Central Bank of Iraq to launch Treasury bonds worth {12} billion dollars to pay dues to foreign companies contracting and working in the oil fields. Oil Minister Adel Abdul-Mahdi, had confirmed at a news conference earlier in advance that "with the financial squeeze there between us and the companies financial dues were paid dues part in 2013 we left some dues to 2014 and there are also benefits in 2015, and these account for a large amount exceeding $ 20 billion and oil prices collapsed and you have to give these sources . http://wwww.alforatnews.com/modules/news/article.php?storyid=80714
    0 replies | 69 view(s)
  • harry's Avatar
    03-30-2015, 08:32 AM
    The meeting's agenda No. (24) Monday 30 March 2015 March 30, 2015 Third parliamentary session The first legislative year Legislative Chapter II First, read verses from the Koran. Second: The vote on a resolution to prevent disposition allocated green areas in Baghdad and throughout Iraq all territorial. ( Legal Committee ). Third, the Committee on Agriculture, water and marshes report on the work of the Commission. Fourth: The vote on a resolution for Daash terrorist crimes against innocent Iraqi children. ( Legal Committee , Commission on Human Rights). Fifth: the first reading of the bill abolishing the Coalition Provisional Authority Order Act (now defunct) No. 68 of 2004 (the Security and Defense Committee, the Legal Committee ). (3 items). Sixth: The first reading of the draft accession of the Republic of Iraq to the International Institute for the Unification of Private Law Law (UNIDROIT) regarding stolen cultural property or Illegally Exported. ( Committee on Culture and Information , the Foreign Relations Committee , the Committee on Tourism and Antiquities). (Article 2). Seventh: the continuation of the second reading of the draft labor law. ( Committee for Labor and Social Affairs , the Committee on civil society organizations , the Legal Committee , the Committee on Women, Family and Children). (Article 157). (The remaining 24 articles). Session begins at twelve noon. http://www.parliament.iq/details.aspx?EvID=13244
    1 replies | 120 view(s)
  • harry's Avatar
    03-30-2015, 08:22 AM
    Source: Director of investments in Central Bank foreign exchange operations easier for banks accused of money laundering return for money 03/30/2015 16:03Awan / Baghdad Revealed a senior source in the Iraqi Central Bank, on Monday, for the general manager of investment in the bank to facilitate the external transfer to banks accused of operations money laundering, as he emphasized that they of the leaderboard for the lists to buy the dollar. The source said the "time", "The general manager of investment in Central Bank Munir Mohammed Omran, in facilitating foreign exchange to banks procedures suspected of participating operations and money laundering to one of the neighboring countries smuggling, "refusing" to disclose their names. " The source, who asked not to be named, said: "these two banks Dominate through 2013, 2014 User buy the dollar, "asserting that" Imran facilitates procedures for companies and banks to investment loans after receiving sums of money as ". http://awaniq.com/ar/news/17620/مصدر-مدير-الاستثمارات-في-البنك-المر
    0 replies | 107 view(s)
  • harry's Avatar
    03-30-2015, 08:19 AM
    Parliament to raise its on Wednesday 03/30/2015 14:10Awan / Baghdad Raised the Presidency of the Council of Representatives, on Monday, its 24th of the second legislative term of the first legislative year to the day after tomorrow, Wednesday, and while the meeting witnessed postpone the vote on a resolution for organizing Daash against children crimes, and the end of the first and second readings of the three bills. A parliamentary source said the "time "," The House of Representatives Speaker Salim al decided to adjourn the meeting the 24-to-day on Wednesday, "noting that" the meeting saw the postponement of the vote on a resolution for the terrorist Daash against the Iraqi children crimes. " The source, who asked not to be named, said: "The session saw the first reading of the bill abolishing the Coalition Provisional Authority Order Act (now defunct) No. 68 of 2004 Sixth, as well as the first reading of the draft accession of the Republic of Iraq to the International Institute Convention for the Unification of Private Law (UNIDROIT) regarding stolen cultural property or Illegally Exported ". http://awaniq.com/ar/news/17610/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B1%D9%81%D8%B9-%D8%AC%D9%84%D8%B3%D8%AA%D9%87-%D8%A7%D9%84%D9%89-%D8%A8%D8%B9%D8%AF-%D8%BA%D8%AF-%D8%A7%D9%84%D8%A7%D8%B1
    1 replies | 120 view(s)
  • harry's Avatar
    03-30-2015, 08:10 AM
    Foreign parliamentary: Saudi Arabia is trying to curb and the abolition of the Iraqi role in the region Agency eighth day March 30, 2015, 11:44 BAGHDAD - ((eighth day)) Mention of the Foreign Relations Committee member Abbas al-Bayati said "Iraqis wiped their hands of Arab summits that come to consolidate certain policies of open goals." Bayati said in a statement ((eighth day)) that "the host of Baghdad for the Arab summit and subsequent disappointments did not change from the hostile behavior of the Iraqi experience," adding that "Saudi Arabia, which are related to strategic swear with Washington played and is still a major role in attempting to eliminate and minimize the role of Iraq in the region and play the chord and sectarian interference in internal affairs, to prevent Iraq from restoring its activity and its leading role in the region, and sticky in internal conflicts. " "The message of Iraq in Sharm el-Sheikh summit is rejected terrorism and reject the aggression on Yemen and opened the way for a political dialogue to spare the region disastrous results," pointing out that "Iraq made a major effort to restore the relationship with the Arab world", and calling at the same time to "dialogue to resolve Syrian crisis and other crises in the region. http://8th-day.com/?p=101449
    0 replies | 69 view(s)
  • harry's Avatar
    03-30-2015, 07:51 AM
    Parliament held its session today to read the laws and 4 on another 30-03-2015 11:24 AM Hold the Iraqi Council of Representatives, on Monday, its the (24) of the Legislative Chapter II headed, Saleem al-Jubouri, a vote on a resolution criminalizing the organization 'Daash' and read the four other laws. A statement of the Department of Media received (news) today, that the 'agenda for the meeting will vote on a resolution to prevent disposition allocated territorial green areas in Baghdad and all parts of Iraq, and vote on a resolution criminalizing Daash terrorist against the Iraqi innocent children. " The statement added that 'the Council will be the first reading of a bill abolishing the Coalition Provisional Authority Order Act (now defunct) No. 68 of 2004 and the first reading of the draft accession of the Republic of Iraq to the International Institute for the Unification of Private Law Law (UNIDROIT) regarding stolen cultural property or Illegally Exported '. The statement continued that "the meeting agenda includes a continuation of the second reading of the draft labor law '. http://www.ikhnews.com/index.php?page=article&id=138292
    0 replies | 65 view(s)
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