OIL 101: ENERGY ECONOMICS
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OIL 103: SHALE OIL
OIL 104: ENERGY & THE ECONOMY
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  • harry's Avatar
    Today, 08:57 AM
    Deputy: heading for Parliament to host any shorted executive 10/01/2016 14:48 National Alliance MP Ali Faisal al - Fayad, on Saturday, with the direction of the House of Representatives about hosting any government official to prove his shortcomings revealed. Said Fayad said in a statement received by all of Iraq a copy of it today, "The House of Representatives headed for hosting and interrogate any official found to beinvolved and shortcomings in the executive office management , " stressing "the existence of a set of observations on a number of executives will be questioned in the case have been completed files. " He explained that" the parliamentary committees are working on the fault diagnosis and holding accountable those who do not lead properly and used his position for personal or partisan. " He said Parliament Speaker Salim al - Jubouri earlier in the House ofRepresentatives methodology for the current CAC, which will focus on hold negligent and the enactment of important laws . The House of Representatives has questioned the Ministers of defense and financial and the withdrawal of confidence from them to count the conviction Bojobthma during interrogation. http://www.alliraqnews.com/modules/news/article.php?storyid=49497
    0 replies | 39 view(s)
  • harry's Avatar
    Today, 08:50 AM
    Parties and political figures seeking "to pick up a big scandal" that could topple big names in the state .. remittances from Israel to them (details) 01-10-2016 02:34 PM Weeks since the parties and political figures in Baghdad and Erbil seeks to 'heal the big scandal' could topple the names of a number of current political figures, is to receive those figures remittances amounts varying during the past eight years from Israel and through the banks and the offices of civil remittances from different Israeli points of organizations, some of which the banks and offices across the median in New York and Amman, Jordan. They emphasized different sources in the Office of Financial Supervision and Monitoring Committee at the central bank, seeking different political figures in Baghdad and Erbil what he described as one of the sources B'ktm breaths that data '. According to a source at the Central Bank, the 'at least 20 politically prominent Iraqi Kurds were involved, including receiving funds from the Zionist entity names of organizations and associations, some humanity during the past eight years. " The source explained that 'the political problems and the dismissal of the Minister of Finance and the start of operations of the political miscarriage between the blocs pay to show those data that usually are not earmarked for the fact that there are tens of thousands of remittances banking or through licensed offices coming in and out of Iraq every day', pointing out that 'remittances reached to Baghdad and Erbil over the banks and the offices of the median in both Amman and New York, and a simple review can figure out the source of the funds from Tel Aviv. " A senior employee of the Office of Financial Supervision and stressed that 'money does not exceed $ 200 per thousand money transfer and there are a remittance of $ 30 thousand dollars was a political favor and deputy in the Iraqi parliament from the previous session'. He explained that 's Pat paper new compression between the parties currently involved from different blocks, and there is an official at the Civil Defense Directorate of the Interior Ministry were among those named in a financial transfer data', adding that 'certainly are not bribes financial return for the price of what, but most the figures involved were living in the Diaspora and has relationships with various Israeli figures. ' http://www.almadarnews.info/index.php?page=article&id=15677
    1 replies | 37 view(s)
  • harry's Avatar
    Today, 08:22 AM
    Abadi: The government launched the largest initiative for concessional lending despite the financial challenge 01-10-2016 03:21 PM Prime Minister Haider al - Abadi said on Saturday that the government has launched the biggest initiative for concessional lending despite the financial challenge, while noting that he has been amended budget law to give the staff a long vacation while retaining salary nominal pension rights. Ebadi said during his speech at the first scientific conference for Research and Studies , who raised National Center for Research and Studies in the Ministry of Labour and social Affairs' we we launched the largest initiative for concessional lending despite the financial challenge through which the government in order to make way for young people to build provide jobs for them projects and help to development , as we have to amend the budget law for the granting of wanting to staff a long vacation for a period of five years while retaining nominal his salary and rights of pension and all this to stimulate the private sector and reduce poverty and increase employment opportunities. ' He added that' Iraq is a rich country with scientists, researchers and owners of talent and this move is an attempt to develop a science and research and studies in the service of society, especially the slides that deserve attention and care. " He continued Abadi said 'terrorism exploits the reasons and factors that create ground unfit in society including poverty, which leads to the purchase of receivables money , it is essential that there be addressing the practical reality of him through the blending research application. " the prime minister noted that the ' fight against terrorism must also lead us to address the causes and we know that terrorism has a strategic goal, but organized crime is the other flowing in the same direction. http://www.ikhnews.com/index.php?page=article&id=147865
    0 replies | 25 view(s)
  • harry's Avatar
    Today, 08:06 AM
    Zebari dismissal reveal receive 20 political Iraqis "significant" money from Israel 01/10/2016 10:33 It revealed a "new Arab" newspaper, Saturday, receiving 20 political Iraqis "prominent" in response, including money from Israel, indicating that the funds do not exceed in every 200 thousand dollars money transfer. The newspaper said in a report seen by / information /, said that "political problems and the dismissal of Finance Minister Hoshyar Zebari and the start of operations of miscarriage among the political blocs to pay to show data revealing receive 20 prominent Iraqi politician from the Zionist entity. "He added that "remittances reached Baghdad and Erbil over the banks and the offices of the median in both Amman and New York, and a simple review can figure out the source of the funds from Tel Aviv. "It quoted a high-ranking employee of the Office of Financial Supervision as saying, "The money does not exceed $ 200 per thousand money transfer and there are a remittance of $ 30 thousand dollars was a political favor and deputy in the Iraqi parliament from the previous session. "He explained that "Pat's paper new compression between the parties currently involved from different blocks, and there is an official in the Directorate of Civil Defense in the Iraqi Interior Ministry was among those named in a remittance data." http://almaalomah.info/2016/10/01/political/91001
    1 replies | 37 view(s)
  • harry's Avatar
    Today, 08:02 AM
    Maliki speaks of "attempted coup" and warns of return of terrorism to "different dress." 01/10/2016 11:58 President of a coalition called the state law, Nuri al-Maliki on Saturday, to the "massive participation" in the upcoming elections to thwart all attempts at political coup, while wary of attempts by the return of terrorism to "different dress. "Maliki said during a speech at the Council of eulogy in Najaf, according to a statement his office received by the agency / information /, copy it, that "big participate in the elections all attempts at political coup in the country will fail," adding that "the enemies of Iraq always try to confuse the security and political stability and forms different in the country. "Maliki has called for political forces "not a variation on Iraq's unity and prestige of the state, warning him if the prestige of the state, everything will be vulnerable to the collapse of the fallen. "Maliki stressed "the need to return to Iraq's political reconciliation, because without him there would be no stability and security in the country," calling on everyone to "Awakening and careful because terror will return a different gown again." http://almaalomah.info/2016/10/01/political/91032
    0 replies | 25 view(s)
  • harry's Avatar
    Today, 07:51 AM
    Abadi: We have taken several steps to stimulate the private sector and reduce poverty 01/10/2016 13:52 He stressed Prime Minister Haider al-Abadi, on Saturday that his government has taken several steps to stimulate the private sector and reduce poverty and increase employment, noting that organized crime is in the same direction as terrorism. .Ebadi said in a speech during the first Scientific Conference for Research and Studies, which hosted the National Center for Research and Studies in the Ministry of Labour and Social Affairs, according to a statement his office received by the agency / information /, a copy of it, that "in spite of the big challenges is going through the country by the state of austerity, but we achieve victories and liberate the land as a result of planning and organization with what we spend on our armed forces less than the previous. "He added that "Iraq is a rich country with scientists, researchers and owners of talent and this move is an attempt to develop a science and research and studies in the service of society, especially the slides that deserve attention and care," noting that "terrorism exploits the reasons and factors that create ground unfit in society including poverty, which leads to the purchase of receivables money is necessary that there be addressing the practical reality of him through the blending research application. "Abadi stressed that "the fight against terrorism must also lead us to address the causes and we know that terrorism has a strategic goal, but organized crime is the other flowing in the same direction."In economic affairs, said al-Abadi, "We we launched the largest initiative for concessional lending despite the financial challenge through which the government in order to make way for young people to build projects provide job opportunities for them and help to development", stressing that "we have to amend the budget law for the granting of wanting to staff a long vacation for five years while retaining nominal his salary and pension rights and all this to stimulate the private sector and reduce poverty and increase employment,. http://almaalomah.info/2016/10/01/political/91081
    0 replies | 28 view(s)
  • harry's Avatar
    Today, 07:35 AM
    good morning to all ds i pray that everyone will have a blessed weekend and enjoy its well its football game day so roll tide roll
    616 replies | 26113 view(s)
  • tudor's Avatar
    Yesterday, 11:46 AM
    ​Happy Friday ksd, guardian, harry, Bondlady2, b1955 and all of DS. Enjoy your weekend and live it up! We are all getting older and don't want to waste a moment.
    616 replies | 26113 view(s)
  • harry's Avatar
    Yesterday, 08:46 AM
    Iraq postpones launch Eurobond two billion dollars until 2017 : 09/29/2016 22:16 an economic adviser to Prime Minister Haider al - Abadi said on Thursday is likely that Iraq postpones bond sale two billion dollars in global markets until early 2017 , at least the hope that the result of high oil revenues and the victory over the organization Daesh to the public finances of the state improved. Baghdad had said it would issue bonds that the US government guarantee half its value in the last quarter of 2016, but it seems that those plans are uncertain after the dismissal of Finance Minister Hoshyar Zebari last week because of corruption charges denied by the minister. He said the appearance of Mohammed Saleh told Reuters in an interview , "I think we Snerjih . " Adding that "we should see the situation in the oil market - if the improvement we can a little bit and that has seen oil market deteriorate further ,we will have to borrow postponed." And issued Iraq 's international worth 2.7 billion dollar bonds due in 2028 with a 5.8 percent coupon and a revenue currently about nine percent. Refuge Iraq to the international Monetary Fund to borrow in order to make up forwhat they lost from oil revenues , which would encourage other lenders to provide support. In July the Fund approved a loan under the demand of a three - year , $ 5.34 billion in exchange for a package of economic reforms, and hopes Baghdad to provide additional aid worth more than $ 12 billion from sources such as the Group of seven major industrial countries. Saleh said that Iraq last month agreed " in principle" on a deferred loan for three years worth of three billion dollars from the World Bank to support Baghdad 's budget, this will be the loan first batch of additional funding required for the agreement with the IMF. He added that the details of the conditions to support public financial institutions and pensions in Iraq are not yet clear , but the first tranche will be disbursed in December. http://www.alliraqnews.com/modules/news/article.php?storyid=49416
    0 replies | 63 view(s)
  • Bondlady2's Avatar
    616 replies | 26113 view(s)
  • harry's Avatar
    Yesterday, 08:22 AM
    Economist: oil production cuts will benefit greatly Iraq Friday 30 September 2016 confirmed the safety Sumaisem economic expert, on Friday, to cut oil production agreement of the participating countries, "OPEC" Iraq would benefit the private lot in economic terms, with oil prices rising to Aktrmen of $ 50 per barrel forecast during the winter. She said Samim's "Eye of Iraq News" that "to cut oil production agreement of the participating countries," OPEC "will benefit Iraq's strong economic sense," indicating that the "oil-producing countries have long overdue to take such decisions so because of political differences among them." He said economic expert, that "cut oil production in conjunction with the winter will lead to higher prices because of the high proportion of demand it," noting that "oil prices, according to forecasts will rise to more than $ 50 per barrel." The "OPEC" has agreed at its meeting in Algeria, on Wednesday, to cut production to between 32.5 million and 33 million barrels a day from about 33.5 million barrels now, according to expert estimates. She said, "OPEC" The other details of the plan will be announced at the regular meeting of the organization in November next year. http://aynaliraqnews.com/index.php?aa=news&id22=64580
    0 replies | 53 view(s)
  • harry's Avatar
    Yesterday, 07:23 AM
    good morning to all ds i pray that everyone will have a blessed day today and enjoy its well its yard work today, thanks guardian
    616 replies | 26113 view(s)
  • ksdunlap's Avatar
    Yesterday, 06:17 AM
    YEAH it's Friday! Good morning to all of our DS family. I pray each of you enjoys a wonderful day & weekend. Stay safe in whatever you do.
    616 replies | 26113 view(s)
  • guardian's Avatar
    09-29-2016, 02:16 PM
    HAPPY BELATED BIRTHDAY HARRY!
    616 replies | 26113 view(s)
  • Bondlady2's Avatar
    616 replies | 26113 view(s)
  • tudor's Avatar
    09-29-2016, 12:25 PM
    HAPPY BELATED BIRTHDAY HARRY!!!!!!!! Good morning all. ksd, so glad your sister is home and feeling better. Jade, your vein will keck start your better life! gigi3, nice to see you too. Prayers continuing for ksd's little sis and Jade. Keep a happy heart everyone and enjoy life. Sure wish someone would find that elusive RV so we can all help others and ourselves to a better life here before much longer. :rolleyes:
    616 replies | 26113 view(s)
  • harry's Avatar
    09-29-2016, 08:41 AM
    Abadi: oil and gas belongs to all and seek to resolve differences through dialogueSince 29/09/2016 15:21 pm (Baghdad time) BAGHDAD - balances News Said Prime Minister Haider al-Abadi, on Thursday, that the oil and gas belongs to all Iraqis, and the government seeks to resolve differences through dialogue, calling for community and political reconciliation among the region's president, Massoud Barzani, the region supports the call Abadi to achieve genuine national reconciliation for the sake of the country. A statement by the Prime Minister's Office, / balances News / received a copy of it, that "Abadi held a lengthy meeting with a delegation headed by the Kurdistan region, Massoud Barzani, in the presence of leaders of political blocs and members of the Presidency and a number of members of the House of Representatives." He called Abadi, according to the statement, to "confront the great challenges faced by the country by everyone in the same vim and determination and the unity of our armed forces," stressing "the need for community and political reconciliation and to maintain the supreme interests of the country." He said al-Abadi, said that "the battle to liberate Mosul important, decisive and active fighters from the army and police and to mobilize popular and tribal and Peshmerga achieved victory also check in Shirqat Qayyarah and Fallujah, a large number of cities, villages and towns and this is what demonstrates the ability of the fighters." "The purpose of this operation edit citizen so we put in our plans the importance of reducing the losses of civilians and our heroine," adding that "it is essential that the aim of the battle is not a conflict on the ground, but freeing people from the oppression of gangs Daesh." He Abadi, to "his eagerness to resolve the outstanding issues with the Kurdistan Regional protracted stressing that the natural resources of oil and gas are the property of all Iraqis," noting "the importance of the continuation of meetings to resolve the outstanding issues and we are giving powers to the provinces a way that makes the country stronger in under the joint work and sincerity. " For his part, President of Kurdistan, Massoud Barzani, support for the government Abadi efforts edits and cooperation to overcome all the obstacles and challenges that stand in the government, including the financial crisis and the issue of displaced people, "expressing his willingness" to strive for that and support the prime minister's call to achieve genuine national reconciliation for the sake of the country. " The President of Kurdistan, Massoud Barzani, arrived today to Baghdad where he met with Prime Minister Haider Alebadi. http://www.mawazin.net/%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D9%85%D9%84%D9%83-%D9%84%D9%84%D8%AC%D9%85%D9%8A%D8%B9-%D9%88%D9%86%D8%B3%D8%B9%D9%89-%D9%84%D8%AD%D9%84-%D8%A7%D9%84%D8%AE%D9%84%D8%A7%D9%81%D8%A7%D8%AA-%D8%A8%D8%A7%D9%84%D8%AD%D9%88%D8%A7%D8%B1-
    0 replies | 73 view(s)
  • harry's Avatar
    09-29-2016, 08:23 AM
    Barzani arrives in Baghdad 9.29.2016 11:54 Long-Presse / Baghdad The president of Kurdistan, Massoud Barzani, on Thursday, to the capital Baghdad in the first visit three years ago, while will discuss with the Prime Minister Haider al-Abadi outstanding issues between Baghdad and Erbil, notably the export of oil. An informed source said in an interview to the (long-Presse), "The President of Kurdistan, Massoud Barzani, arrived before noon today, to the capital to visit is the first since 2013. The source, who asked not to be named, said: "Barzani will meet with heads of the republic Fuad Masum, the Cabinet Haider al-Abadi, parliament Saleem al-Jubouri to discuss the outstanding issues between Baghdad and Erbil, a private oil export file, in addition to freeing the city of Mosul from the control of the organization of operations (Daesh). The deputies of the State of Law coalition revealed, first Tuesday, (September 2016 27), for an expected visit of the President of the Kurdistan region Massoud Barzani to Baghdad this weekend, to put several issues the most important coordination on the battle to liberate Mosul political file between Baghdad and Erbil, inter-rapporteur Iraq's parliament that the visit will include search and the federal budget's oil law. The visit comes in the framework of efforts being made by the central and Kurdistan governments to resolve all differences and problems and challenges the relationship between the two sides and resolve in order to be included in the budget sent by the Cabinet to parliament for a vote by the law. The last visit of the President of the Kurdistan region Massoud Barzani to Baghdad was in 2013, during which he discussed with the leaders of the political blocs on the political situation in the country, and the completion of the talks with the central government on the outstanding problems between Baghdad and Erbil. https://almadapress.com/ar/news/77288/%D8%A7%D9%84%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%D9%8A-%D9%8A%D8%B5%D9%84-%D8%A7%D9%84%D9%89-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF
    0 replies | 46 view(s)
  • harry's Avatar
    09-29-2016, 08:16 AM
    Kurdistan Democratic Party: Calls arrested Barzani show malice Devin 12:09:01 9.29.2016| Voice ofIraq) - Baghdad , the Kurdistan Democratic Party led by Massoud Barzani response, Thursday, calls by lawmakers to issue an arrest warrant against the President of the Kurdistan region ,Massoud Barzani, returned them proof of "latent hatred" against his attempts to resolve the dispute between Baghdad and Erbil, while "Why no arrests who caused the fall of the city of Mosul. " the MP said the party Arafat Karam said that" calls to move the lawsuit and the issuance of an arrest warrant against the President of the Kurdistan region is not new ,"adding that they" serve the interests of the enemies of Barzani and his attempts to resolve the dispute between Baghdad and Erbil. " Karam said that "these calls tendentious indicates latent hatred against attempts to regional president to resolve the dispute ," and wondered "Why not arrest of stolen Iraqi funds and cause tragically young Spyker and the fall of Mosul, especially since the parliamentary committee which was formed in the House of Representatives have come to results ", calling on the House of Representatives to" making statements serve the people, especially before we edit Mosul and there is a common crisis facing the federal government and the province which displaced the crisis and the economic crisis. " The MP for the coalition of state law ,Abdul Salam al -Maliki called on during a press statement issued on Thursday, the prosecution General to move the lawsuit and issue an arrest warrant against the Kurdistan Democratic party leader Massoud Barzani on arrival in Baghdad on charges of"collaborating with foreign and smuggling of the country 's wealth and deal with terrorist regimes." It is scheduled that the President of the Kurdistan region ,Massoud Barzani ,up on top of Kurdistan delegation to Baghdad, Thursday September 29 2016 to hold talks with officials on several files ,notably the liberalization process of Mosul and the outstanding problems between Baghdad and Arbil ,and the future of relations between them. http://www.sotaliraq.com/newsitem.php?id=351433#axzz4LeM9TX41
    0 replies | 40 view(s)
  • harry's Avatar
    09-29-2016, 07:50 AM
    good morning to all ds i pray that everyone will have a blessed day today and enjoy its, and jade i pray that your healing will be back to where you was in good health and ksd i pray that your sister will be back also good health and thanks jade and ksd
    616 replies | 26113 view(s)
  • ksdunlap's Avatar
    09-29-2016, 06:22 AM
    Good morning everyone. Happy belated Birthday harry. I pray you had an awesome day. Jade yes, my sister did go home yesterday:). She was very ready, there's nothing better than your own bed. Your new vein will do great Jade. I hope everyone has a wonderful day. Enjoy it.
    616 replies | 26113 view(s)
  • Jade's Avatar
    09-29-2016, 01:41 AM
    Happy belated birthday, Harry!!! Yeah, for your sister, KSD ... hope she got to go home. It is finally starting to cool down here ... actually used a blanket last night!! Tomorrow is my last doctor encounter before using my new vein ... everything gets better and better every day. Hope everyone has a great day tomorrow.....
    616 replies | 26113 view(s)
  • b1955's Avatar
    09-28-2016, 10:49 AM
    Happy Hump Day to all of DS Enjoy :)
    616 replies | 26113 view(s)
  • Bondlady2's Avatar
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  • harry's Avatar
    09-28-2016, 09:46 AM
    Float the Iraqi dinar economic phenomenon that will support the national currency 09/27/2016 The Journal News "floating" instrument of monetary policy tools countries, only used with currencies that determine the value of governments, be left to other factors not. The flotation is different from the "devaluation", which is determined by the open market on the basis of supply and demand. The flotation reverse link, Currencies pegged against major currency or basket of currencies are floated through the "decoder" linkage partially or totally, while currency devaluation Fksh high value, as it happens for major currencies in free markets like the US dollar or the euro or the other, since rising value those currencies or fall in the market according to supply and demand, and the strength of the fundamentals of economies they represent, and the actions of speculators in the currency markets. For example, China has linked its national currency, the yuan to a basket of currencies and the US dollar, essentially, it is under pressure from the West to lift this link and let its currency to rise or fall value based on market factors, which means "float the yuan." Indeed, China has recently resorted to float its currency against the dollar, in response to criticism during the American presidential campaign of the policies of China's cash and its impact on trade with America. Float the Iraqi dinar: - suggested economist banks Rahim al - Adli on the Central Bank of Iraq and the government 's adoption of the "unrestricted flotation" in the currency auction instead of "limiting factor" that determines a fixed exchange rate to the dollar price, trying to keep it fill the market need of hard currency, but officials in Bank assert that the latter is subject to economic variables and the movement of the market, noting that Iraq 's cash reserve covers the needs of the private sector in foreign currency, as well as the currency bloc , the Iraqi dinar by 160 percent. Adli said, "that there are three ways to deal with the central banks with foreign currency; The first is made up by the" limiting factor "to be adopted by the CBI, which includes a fixed exchange rate to the dollar price, and pumping dollars into the market to maintain the stability of the market price of traded currencies. The second method is called "flotation", explains al - Adli as "thumb market is controlled exchange rate , " noting that "this way pose a threat to the exchange rates, being subjected Iraqi dinar to collapse." The method involves third , a "floating orbit," or unrestrained, according to al - Adli "determine the specific price of the dollar, and another represents a maximum him, to leave that currency floats between these two prices." Banking expert continued that if exchange rates exceeded the maximum the central bank to pump quantities of the dollar as needed for the domestic market, adding that he suggested to the central bank and the government to adopt this way "being the best, and supported in most countries of the world." On the other hand saw Observer of money market auction CBI Hamid Salim "that the bank is trying to maintain the stability of exchange rates," he said, adding that the monetary policy and instructions "change according to economic conditions experienced by the country." And see world oil prices since the middle of last year continuous decline, due to the use by some countries to increase Marodha against the lack of demand for it. He says Salim, a competent observer for fiscal policy in Iraq, "The cash bank reserves fell to $ 60 billion due to falling crude prices, but he assured that this decline does not threaten the collapse of the local currency, being blocked 160 percent of the money supply of the Iraqi dinar." The governor of the central bank on the Keywords may Hoon earlier fears, which says that the continued downward pressure the Iraqi dinar, which sells "the central bank" for banks and dealers who obtained the licenses at a price fixed in 1166 dinars to the dollar. "If we look at the markets these days, we will see that the price is very stable, and very reasonable." The local currency plunged to about 1400 dinars to the dollar on the parallel market in mid-June 1228 from the week earlier. As part of the government's efforts to bridge the budget deficit, Baghdad marketed the first version of its international bonds in nine years in Europe and the United States this week. The government Taml collect six billion dollars of those dollar-denominated versions, but Keywords said that the first phase will be to collect two billion dollars, and the expectation that the interest rate exceeds the eight percent because of security concerns. Baghdad also plans to issue local bonds worth five billion dollars, starting from the last quarter of this year. The effect of flotation: - would float the dinar that reduces pressure on the central bank in relation to the size of the foreign currency reserves, but this factor in the overall economy does not matter so much, but more importantly that the devaluation of national currency as a result of the flotation will lead to increased exports. Products are Iraqi will become much cheaper in foreign markets (because of the Iraqi dinar depreciated significantly against the dollar and the euro, etc.) and thus become more competitive. In contrast, imports will become much more expensive, and then it will be difficult for Iraqis to buy a lot of imported goods for high prices severely and this consequently will increase the consumption of local goods and the increase of the domestic economic activity. But the disruption of the balance of exports and imports often lead to so-called "collective doubled demand", which in turn leads to higher inflation, and, of course, according to theoretical calculations, "he wrote the economy." But add to that that the proportion of "parallel economy" (ie, that is outside the book) in Egypt is almost equal to the proportion of the informal economy, which means that the real inflation rates will be much higher than is caused by the collective demand doubled, may mean further impoverishment of the poorer classes already in the community . Forms of flotation: - either be floating or purely be directed: - pure flotation: are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention. - Flotation prompt: is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies. Supporters of flotation: - for as long as theorists monetary school in Economics defended (Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect theeconomic fundamentals of the various countries (growth, trade balance, inflation, interest rates), and will lead it thus to restore balance in relations trade and current accounts transactions consistently and automatically. And sees these economists, like the neoclassical trend in the economy, that the liberation of all prices -osar goods and services, interest rates, labor prices (wages), foreign exchange rates (exchange rates) -oturk identified markets without any interference or direction from the state, always ensures access to state of balance. This stems from the belief in blind efficient markets, despite the fact that economic reality has proved more than once that the markets in the absence of oversight and control lead to disaster (subprime mortgage crisis in the United States model). And justify those convinced the currency float, saying that any trade deficit will lead to an intense demand for foreign currency, which will lead to devaluation of national currency against foreign currencies, and thus to enhance the competitiveness of the country concerned. This sponsor, they say, increase exports and reduce imports, Viatdl so the trade deficit is due to a state of balance. The same logic works in reverse direction if there is a trade surplus. Supporters of the flotation was welcomed very much the adoption of major economies in the world to systems of floating exchange rates (flexible), after the collapse of the Bretton Woods agreement in the seventies of the last century, which had been laid down by the International Monetary system based on fixed exchange rates (but adjustable) between currencies. Disappointed after several decades of the adoption of a floating exchange rate systems and disseminated to a large number of countries around the world (including developing countries), thecurrency was floated promises rebalancing has been done to the trade balances of the world, the hopes of his supporters did not materialize. Artificially low exchange current moved far from the supposed level that leads to a balance, and the biggest proof of that is the size of global imbalances (Global Imbalances), which reached record levels and still are resistant to treatment. The United States and some European countries as well as many developing countries known as the case of a structural trade deficit for several decades. In contrast, China, Germany, Japan and oil-exporting countries known as a trade surplus structurally.Instead of floating currencies that ensures a rebalancing of inter national trade relations, the world knew the case of monetary instability due to the continuing exchange rates and fluctuations big change, which is sometimes subject to any rational logic because of the psychological factors that frame the movement of global speculators. Equivalent to float the currency we could call the free exchange rate system Free or flexible exchange rate system, which is under which system the central bank of the state to leave the exchange rate (exchange) currency local (dinar) in foreign currency (dollar) is determined according to the trends of demand and supply on the dollar, if the increased demand for the dollar in the foreign exchange market (dollar market), the dollar exchange rate tends to rise, and if the demand for the dollar has fallen, the dismissal rate tends to drop. This means that the dollar exchange rate will be subject to waves of demand and supply of it, so it was on this system Floating float the currency, which let a floating currency value rise and fall with demand and supply waves. And it is preferred to follow the policy of the currency was floated in weak economies or unstable due to the lack of equal competition between the local currency and foreign exchange in the market and the weakness of the industrial structure and the unavailability of exportable goods and the provision of foreign currencies increases the complexity of Almsolh. http://journaliraq.com/myapp-1358/
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    09-28-2016, 09:31 AM
    Abadi adviser: Iraq will receive $ 634 million from the IMF and the budget deficit, "squeezed" 09.28.2016 at 11:05 The head of the Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, Wednesday, that the size of the deficit in the budget of 2017 shrank from 34 trillion to 12 trillion dinars, adding that the next installment of the IMF loan to Iraq amounting to $ 643 million. Saleh said, L / balance News /, that "Iraq will receive new loans in the coming periods, according to prepare the credit agreement concluded with the International Monetary Fund," noting that "the agreement is a pivotal agreement provides for Iraq financial umbrella of up to more than $ 20 billion over the Three years". He added that "the budget began with a deficit estimated at 34 trillion but it shrank until it became no more than 12 trillion dinars," pointing out that "the next installment of the IMF loan to Iraq amounting to $ 643 million. "The prime minister pointed adviser, that "the World Bank President gave a positive signal to Iraq that the roof is open for Iraq to borrow, provided that Iraq performs receiving it from the loans in accordance with the agreed" . http://www.mawazin.net/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%B3%D9%8A%D8%B3%D8%AA%D9%84%D9%85-634-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%85%D9%86-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D9%88%D8%B9%D8%AC%D8%B2-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-%D8%AA%D9%82%D9%84%D8%B5/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9
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    09-28-2016, 09:00 AM
    28-09-2016 02:12 PM Masum endorses the legal ban of the Baath Party and a counter-terrorism Sadek President Fuad Masum, the legal prohibition of the Baath Party and a combat terrorism. A statement by the Information Office of the Presidency of the Republic, that the infallible 'approved' banning of the Baath, entities and parties , racial and terrorist Takfiri and activities Party Law. " The statement, that 'This law aims to prevent the return of the Baath party under any name to the authority or political life, and to ban entities and political parties and organizations that adopt the ideas or attitudes inconsistent with the principles of democracy and the peaceful transfer of power and those that contradict its goals or activities with the principles of the Constitution as well as to identify and organize procedures and sanctions to implement the prohibitions referred to in this article and to punish violators of the provisions of the law, 'adding that' this law sent for publication in the official Gazette. " He said another presidential statement that Masum also approved the anti - terrorism law. He said the Information Office of the presidency of the Republic said , 'this is the law was drafted for the purpose of addressing the effectiveness of the terrorist operations that target state and the citizens and their property, in order to take all appropriate measures to eliminate terrorism through the creation of a specialized organ to combat all forms of terrorism and eliminate it, 'adding that' this law sent for publication in the official Gazette '. http://www.ikhnews.com/index.php?page=article&id=147753
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    09-28-2016, 08:53 AM
    28-09-2016 03:47 PM Tamimi: size of the debt on Iraq amounted to $ 100 billion Said a member of the parliamentary finance committee, Majida al - Tamimi, the debt on Iraq , the volume reached $ 100 billion. According to Tamimi, said that 'Iraq is required now more than $ 100 billion of internal and external debts accumulated' noting that 'debt announced by the Council of Ministers yesterday 's 5.6 magnitude trillion dinars are not really far, but current but our internal and external debt and other accumulated. " She pointed out that the 'direction of the government 's past to reduce spending and this is something good and positive, but we hope to play together with the parliament steps to prepare the budget and there will be further cuts in spending for the existence of exchange is not justified in many negative expenditure and this is not to criticize the government, but to correct the tracks '. she said Tamimi' certainly we will bring solutions so that the government can reduce spending and not resort to further debt that sank in Iraq and we reached out to scratch by our agreement with the Paris Club countries and this is not permissible , and refers that there are fiscal and monetary policies is wrong in the country must be corrected. " He noted that the 'parliament had not received so far , the draft general financial state budget law for 2017 , ' pointing to 'determine the price of a barrel of oil in the budget at $ 42 and we would have preferred to be $ 40 at least not to risk and be on the safe side with the vagaries of the market '. http://www.ikhnews.com/index.php?page=article&id=147758
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    09-28-2016, 08:37 AM
    Cabinet amended the budget bill 9/28/2016 0:00 And agreed to direct irrespective dues peasants BAGHDAD / Sabah Council of Ministers held on Tuesday amendments to the draft budget 2017, at thetime it agreed on direct irrespective dues peasants and farmers. According to a government statement «morning» received a copy of it, the Council of Ministers held yesterday its regular headed Dr. Haidar al - Abadi. the chairman of the Council of Ministers during the meeting briefed the conduct of military operations and the victories achieved on Daesh terrorist gangs. the statement noted the Council 's approval to the Office of financial supervision Federal audited dues Contractors before being discharged from the authorities concerned. In terms of the financial budget, the Council agreed to amend the draft of the federal budget for fiscal year 2017 Act to become as follows: 1 / the price of a barrel of oil to $ 42.2 / be export ceiling of 3.75 million barrels per day , 0.3 / reduce expenses to 90.224 trillion dinars 0.4 / size indebtedness 5.608 trillion dinars. and on dues peasants, the government agreed to pay to take charge of the ministries of trade and agriculture direct payment of dues of farmers for crops received in 2016, as the Ministry of Finance to provide financial liquidity through treasury bonds in order to pay dues of farmers for crops received in the same year. the resolution also stipulated that «receive a peasant dues within one week from the date of receipt of agricultural crops, in addition to the approval of a plan to speed up the receipt of agricultural crops from the ministries of trade and agriculture, with emphasis on the commitment to agricultural plan approved by the Ministry of Agriculture in addition to the deduction of 2 percent of the amount of wheat received from by the Ministry of trade and Industry to fund seed support. the statement said he was identified crops that would be delivered in 2017 prices ,according to the following: a / wheat first class: 560 000 dinars per ton Aluahd.b / wheat second class: 480 000 dinars per ton Aluahd.j / Grist third degree (fodder): 420 000 dinars per ton Aluahd.d / barley: 420 000 dinars per ton. In terms of pandemic influenza has the cabinet approved the establishment of the Ministry of Agriculture to compensate the animal 's owner for the animal that destroys official minutes of according to the law of animal health value after the minister to issue the statement mentioned in article (28) of the Act and subject to the application of the provisions of Article 40 of the law above and distract allocated to the Higher Committee for bird flu amount. the Council also agreed to grant the Ministry of Commerce exception to the methods of the contract provided for in Article ( 3) of the Implementing Regulations of government contracts (2) for the year 2014 in order to purchase a quantity of 154 thousand and 916 tons of Iraqi sugar product material by the Iraqi food Industries Union Co. , Ltd., covering the need for only two months , and emergency stocks earmarked allocations for this ministry, to the failure of the Ministry of Finance to transfer full allocated to this ministry of the federal budget and authorize the Commerce Department authority to purchase and sign a contract with the Iraqi company amounts. The government awarded yesterday the Ministry of Commerce the authority to negotiate and direct contracting with the company produced / manufactured or executed contractual obligations formerly with the ministry through the Central Commission for review and approval of the assignment of the Ministry of Commerce exception of the Implementing Regulations of government contracts (2) for the year 2014 and the regulations issued the re under to purchase a quantity 100.000 tons of sunflower oil to cover three months needed on the basis of the monthly amount needed 34,000 tons. Cabinet gave congratulations to the Iraqi people on the occasion of qualifying Iraq team junior football for the World Cup for juniors tournament after beating Uzbekistan score two goals to none, praise the players and owners and administrative training. It was also adjusted the amount of social benefits specific social protection law No. 11 of 2014 , based on Article 24 of the law. http://www.alsabaah.iq/ArticleShow.aspx?ID=123921
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    09-28-2016, 08:24 AM
    Iraq participates in the Islamic Finance Forum 9/28/2016 0:00 In order to strengthen regional and international cooperation BAGHDAD - Hussein Tgb Iraq participates in the Islamic Finance Forum , which kicks off today in the Tunisian capital and dealing with the Iraqi delegation the role of Islamic financing instruments to achieve Arab economic integration of the frontier markets perspective. The mean Frontier Market: Islamic finance market products as a place It brings together buyers and sellers, and is characterized by the balance between supply and demand (through the products and goods and the goods). exchange commodity head of the delegation of the international expert d. Sadiq al - Shammari said that thegoal of participation comes to learn about the role of Islamic finance in promoting work in the frontier markets of Arab countries and the formation of a conducive environment through the revitalization of the commodity exchanges in these markets, leading to theformation of added value on the path of environmental integration and economic. Testifies Iraq expanded horizontally to the field of banking Islamist who took their numbers increasing dramatically after that provided services in harmony and public beneficiaries, and relies on fixed assets is a guarantee of the rights of depositors. competitive advantage Shammari between the use of Islamic financing instruments in the border markets contribute effectively to the achievement of competitive advantage for goods and cemented the status of economic integration among themselves to become effective economic power in front of economic blocs intense competition faced by States products Arabic. He noted that the participation comes with positive results through friction participating delegations representing consortia Arab and international banks, and its role in the creation of bridges of cooperation with those agencies, especially as the international banks have opened branches in Iraq. the harmonious interaction between he will be shown the advantage of its Islamic finance which will bring theestablishment of infrastructure for the development of production among Arab countries on the road to economic integration and activation border market structures and works to activate the appropriate financing operations to achieve a sophisticated Arab economies can contribute to the reduction of unemployment and poverty eradication and thecreation and strengthening of communication and interaction and harmony among central banks and Islamic banks channels leading to motivate and energize their work outstanding. as funding is working on reducing the impact of regulatory and legislative restrictions by creating political will act to remove disruptive and interlocking to achieve economic integration among nations barriers Arab and thus activate the frontier markets and preparing bank staffs capable of Fatwa Islamic banking operations, as well as work on the development and innovation of new Islamic finance products able to compete with other products in terms of quality and quality. http://www.alsabaah.iq/ArticleShow.aspx?ID=123869
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