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03-31-2015, 04:47 AM
Abadi: We will announce the final victory over Daash soon



Tomorrow Press / Baghdad: The head of the Council of Ministers, Haider al-Abadi, that the security forces are engaged in a final battle in Salahuddin and victory became hand, adding soon we will announce the final victory in this province and we follow in Anbar and Mosul.

Ebadi said in a press conference with UN Secretary-General Ban Ki-moon, "preach the gospel of our citizens that the battles are going on in full swing, and that our armed forces and the crowd and popular tribal members will be defeated Daash," adding that "foreign terrorists have flocked to Iraq in order to kill children and women."

He called on the international community to "according to United Nations resolutions cooperation to stop this phenomenon and to address the warmongers who are stealing and smuggling of oil and the effects of financing Daash gangs."

He pointed out that "Iraq is exposed to the threat of terrorism and the right of the government to resort to the international community to help us, but without ground troops, but by air to support the Iraqi army is the only army that is fighting Daash on the ground."

The new Abadi emphasis on "the government's commitment to equality between citizens and issued strict orders against any abuse of human rights," pointing to "the lack of reports of this kind, and that what is contained in the reports of some organizations due to crimes Daash last summer, and we are held accountable Daash on crimes against Iraqis also make accountable the state of abuse. "

For his part, Secretary General of the United Nations expressed support for the International Organization for Iraq, and said, "I appreciate the most precious of the Iraqi government's commitment to the unity of the Iraqi people and the perpetuation of national reconciliation," and expressed "satisfaction with the progress made by Iraqi forces in Tikrit and wishing edit rest areas and an end to the suffering of the displaced and committed Daash against minorities. "

-Moon condemned the "crimes Daash and destruction of Iraqi heritage, asserting that" support for the protection of UNESCO. "

03-31-2015, 04:52 AM
World Bank oversees the draft Islamic Banking Act

Najla Baghdad, Salah al-Din: March 30th, 2015

The Iraqi government announced on Sunday, modify the civil Banking Act, or the so-called «commercial banking law», to the development of banking law, stressing at the same time, the legislation of the Islamic Banking Act, which oversaw the writing paragraphs of experts from the World Bank.

He said the economic advisor to the government, the appearance of Mohammed Saleh, said in an interview to «New Morning», that «civil Banking Act No. 94 of 2004, a good law does not exist in paragraphs any significant impurities», indicating that «the parliamentary Finance Committee has proposed to amend the law within the developments that have taken place during the ten-year period from Legislation current law.

Saleh added that «the amendment will include Article 28 of Law No. 94 of 2004, which requires private banks or the so-called (commercial banking law) owning shares in the creation of an airline or owning farmland or industrial», pointing to the «lack of impact on the liquidity of the bank in the case of possession of those shares

With regard to the legislation of the Islamic Banking Act Salih stressed «optimism largely on the draft law, which was written by international experts in economics and supervised by the World Bank.

Saleh believes that «the Islamic Banking Act (Modern Banking Act) depends entirely on the profit and loss and Halal and Haram », indicating that« the new law if they are voting on it will monitor has about 250 billion dinars.

Salih noted that «Islamic banks will give impetus to the advancement of the banking sector and create an atmosphere competitive interbank Iraq, as well as it will help to accelerate investment growth by encouraging the work of reconstruction and speculative stocks », ruling« legislation of a special law for Islamic banks at the moment because it will affect the nature of government and private Iraqi banks.

To the Executive Director of the Association of private banks Abdul Aziz Hassoun, the «General Banking Act did not apply correctly», adding that «the defect is not in the law, but to apply it correctly.

Said Hassoun said that «Islamic banks need to operate legal framework and clear, because the work is inconsistent with the text of the law Banks No. (94) for the year (2004), especially in the field of investment and check posts profit.

And between the Goldfinch «Islamic banks act contrary to public banks Act of (2004) believes in the principle of being a financial interest, while Islamic banks give loans without a financial ratios them.

He explained that «the central bank wrote a draft private law action Islamic banks and discussed with private banks Association, and now has been introduced to the legislature (House of Representatives) is not his decision», indicating that «the law will allow banks to the practice of Islamic banking, which are very different from conventional banking.

He that «the Banking Act No. 94 of 2004 has been applied to private banks did not apply to government banks, which led to a clear imbalance in the work of the lack of a mechanism followed centrally by the central government.

Confirms goldfinch that «the Islamic Banking Act was written without taking any economic advice by specialists, what ultimately leads to the events of gaps and issues need to be modified after it .

Refers Executive Director of the Association of private banks that «supported Islamic banks work globally», likely «not to apply the law in light of the current conditions in Iraq that do not outside the framework of achieving a profit only .

As a member of the Finance Committee National Alliance MP Jabbar Abdul Khaliq, has attributed the reasons for the government to encourage to open Islamic banks to increase the high financial benefits imposed by some government and private banks, which up to that proportion (8%) and ( 10%).

He said It added Abdul Khaliq told «New Morning», that «the central government experimented by opening Islamic windows in the Rafidain and Rasheed to see how Iqbal audience her», adding that «experiment succeeded, which led to the encouragement towards open a local Islamic banks or foreign more in Iraq.

The Presidency of the Republic issued a set up Islamic Bank Mesopotamia Law No. (95) for the year 2012 with a capital of 50 billion Iraqi dinars, noting that «from the bank tasks practice aspects of banking activity in the inside and outside Iraq, and to do the work of the finance and investment in various projects and activities.

03-31-2015, 05:39 AM
Ok , That's Good Right..?? :)

03-31-2015, 07:15 AM
Parliamentary Energy: We have received a letter from the government to adopt the draft oil and gas law in 2011 [audio]
Tue, March 31 / March 2015 07:31
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[B]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 [where]: "" 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 [where], "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 reading within the Committee and submitted to the House of Representatives for the first reading, "adding that" the Commission calls for the Council of Ministers to send him 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

04-01-2015, 11:36 AM
Ki-moon Ebadi: We appreciate the Iraqi leadership's commitment to maintaining the momentum of reconciliation and important support for the agreement with Erbil
Monday, March 30 / March 2015 17:37


Praised the UN Secretary-General Ban Ki-moon, who arrived in the morning to the capital of Baghdad's commitment to the Iraqi leadership in Alhvazz the momentum of national reconciliation, "stressing" the need for continued support of the agreement between Baghdad and Erbil in the framework of the Iraqi constitution. "

Ban said in his speech with Prime Minister Haider al-Abadi after their meeting, "I recognize and appreciate the Iraqi leadership's commitment to maintain the momentum for national reconciliation and unity, and I am encouraged by the government provides for a draft statute for that since my last visit in August / August, however, still deeply concerned about the security crisis in Iraq and its impact on civilians. "

"During my meetings today, we reviewed the progress of the ongoing liberalization under the control of Daash areas of military operations, including most recently around Tikrit, and I hope that additional areas, and the rest of the region, will soon release the constant threat of Daash it."

He Ki-moon "people have suffered unreasonable levels of casualties as a result of this new wave of violence, including sexual violence and gender-based, and displaced more than 2.5 million people, are still the minority, women and children affected in particular."

Secretary-General of the United Nations, "and strongly condemned the destruction of archaeological sites in urban and Nimrod and others - and expressed support for the efforts of UNESCO to protect cultural sites of imminent danger. We must unite to protect the common heritage of mankind."

He added, "I know that the Government of Iraq, as well as the Kurdistan Regional Government has worked tirelessly to aid those affected by the violence, but the challenges are still wide and the threat of further displacement and secondary during the ongoing military operations has exceeded domestic and international capabilities."

He stressed, "there is a need for additional resources urgently to save lives," and called on "the Government of Iraq and the international community to strengthen support for displaced people in Iraq and to help alleviate the suffering of all the Iraqi people."

Ki-moon, "and urged the government to do everything in its power to ensure the protection of civilians and their access to humanitarian assistance, and I encourage the Iraqi government to do everything in its power to ensure the restoration of the rule of law and governance in the liberated areas of Daash as well as the development of the armed groups and volunteers to fight under government control."

He also called on "the Government of Iraq, to be combined with the international community and national partners, to create conditions for the stabilization and reconstruction of Iraq."

He pointed UN Secretary-General Ban Ki-moon, "We have had also the opportunity today to discuss the need to Baghdad and Erbil to support their agreement in December on oil revenue sharing, and to ensure that the work of the joint committees is still going on."

He stressed, "This partnership is crucial to address the security and financial crises in Iraq, it is essential that the differences on the outstanding issues can be resolved in the framework of the Constitution."

He expressed thanks "to the Prime Minister Haider al-Abadi welcomed and leadership, and it is a great pleasure for me to go back to Iraq again," adding, "We have just concluded a meeting very fruitful, and that preceded fruitful discussions with President Fuad Masum and Parliament Speaker Salim al-Jubouri," Mhiraana " Later today, I will speak by telephone with the President of Kurdistan, Massoud Barzani. "

And between Ki-moon, "I'm here [in Iraq] to emphasize the ongoing United Nations support and full payment of peace, development and human rights in Iraq, the wheel, and I am very happy to be here very soon after the arrival of the new Special Representative, Jan Kubis and I am confident that the Government and people Iraq will support him and work very closely with him. "

He Ki-moon, "We discussed Iraq's relations with Kuwait, and from here, I will go to Kuwait to participate in a donors' conference to support the Syrian refugees and the host countries nearby, and I want to commend the Government and people of Iraq to provide sanctuary and support to such a large number of Syrians fleeing the fighting."

He also commended "the governments of Iraq and Kuwait to work consistently and proactively to promote bilateral relations, and will reinforce this message in Kuwait."

The Secretary-General of the United Nations, "the need to search for missing persons and Kuwaiti national archives, and also pay tribute to the strengthening of relations between Iraq and other countries in the region." He continued, "We will continue to do everything in our power to help the people and the Government of Iraq to end this crisis so that they can focus energy and resources on building the future of a more peaceful, stable, democratic and prosperous for all Iraqis."

He concluded by saying, addressing Prime Minister Haider al-Abadi, "Again, I am honored to be here to express our full solidarity and support to the people and Government of Iraq, and I command you too and appreciate your leadership in promoting unity, solidarity and comprehensive dialogue between all the people in the community, and I express my hope that Iraq will continue to enjoy prosperity, development and stability of your country "

04-02-2015, 03:36 AM

Parliamentary Finance will host the Minister of Finance and the Governor of the Central Bank

Baghdad .. Parliamentary Finance Committee, announced Wednesday, all hosted by Finance Minister Hoshyar Zebari, and the Governor of the Central Bank on the Keywords to discuss important financial issues concerning the country.

A parliamentary source told / information /, "The Finance Committee decided hosted Finance Minister Hoshyar Zebari, and the Governor of the Central Bank of the relationship."

The source added, "The goal of hosting is to discuss the issue of the Iraqi currency and strength in the global market, as well as discuss the current financial crisis in Iraq."

Iraq is going through a critical financial crisis, because of the security situation and the control of the organization, "Daash" criminal on some areas, in addition to the drop in oil prices.

04-03-2015, 09:51 PM
Friday, April 3rd, 2015

Kurdistan passes oil accounting law

Kurdistan’s Parliament passed a law establishing an oil revenue accounting body on Wednesday, a partial step in providing oversight of the region’s future oil revenue.The Oil and Gas Revenue Fund law tasks the regional Parliament with appointing a board of technocrats to provide formal and regular public accounts for the revenue that the Kurdistan Regional Government (KRG) accrues from autonomous exports and oil company contract bonuses, according to Article 8 of the law.;););)

04-05-2015, 09:48 PM
The parliamentary Finance Committee proposes the abolition of the currency the Central Bank auction


The parliamentary Finance Committee, suggested Sunday, canceling an auction of foreign currency at the Central Bank, saying it would lead to lower prices for the Iraqi dinar.

The Committee Member said Masood Haider agency/information/the "Finance Committee submitted a proposal to cancel the auction at the Central Bank, with the aim of reducing foreign currency rate for the Iraqi dinar."

Haider said that the proposed "stressed the need to replace the auction process for the distribution of foreign currency to private banks and Government in a fair way as competition, because the auction was the impact on the Iraqi economy and led to his hemorrhage," he said, adding that this "would lead to lower the exchange rate of foreign currency either Iraqi dinar".

The past few weeks have seen a marked increase in the rate of the Iraqi dinar against foreign currencies, while sales of Central Bank to those currencies is reduced.

04-16-2015, 10:01 PM
Abadi: the importance of the role of the International Monetary Fund BAGHDAD / Obelisk: called on the Prime Minister Haider al-Abadi, on Thursday, the International Monetary Fund to help Iraq in the face of security, economic and financial challenges, while expressing bank director Christina Lagarde Fund support to help Iraq in the face of the challenges faced. Ebadi said office said in a statement, “Prime Minister Haider al-Abadi, received at his residence in Washington, Christina Lagarde Director General of the International Monetary Fund, and discussed with him the situation and financial challenges that plague Iraq and IMF assistance in many areas as well as future programs of the Fund.” . He called al-Abadi, according to the statement, “more cooperation and support for Iraq, which faces a financial and economic challenge in addition to the security challenge,”pointing to “the importa​nce of the role of the IMF during the current and future stage.” For its part, expressed Christina Lagarde Fund support to help Iraq in the face of the challenges faced by programs in the field of human capacity building, training and other programs that contribute to the development of its lead and its financial position and Alaguetsada.ofaqa statement. It pointed out that “it was agreed to hold subsequent meetings between Iraqi officials and officials of the Fund to develop work in the coming period.” It is noteworthy that the prime minister Haider al-Abadi is currently on an official visit to Washington DC, where he met with US President Barack Obama, and a number of US officials.

Iraqi Dinar News http://iraqdinar.us (http://iraqdinar.us/)

04-18-2015, 12:57 AM
Iraq calls for a review of the dinar exchange rate
Friday, April 17 / April 2015 (01: 0)

The CBI has issued resolutions aimed at raising the value of the dinar against the dollar, which included doubling the share of banking from companies, and allow banks «rational» and «Iraq» and «Government Commerce» open windows to sell the dollar for banking companies and small importers, reflected on the commercial market, which saw a significant decrease in the dollar's exchange rate after rising from 1228 to 1334 dinars (http://rover.ebay.com/rover/1/711-53200-19255-0/1?toolid=10029&campid=CAMPAIGNID&customid=CUSTOMID&catId=267&type=2&ext=381218642435&item=381218642435) to the dollar.

The decisions of the «Central» repercussions deemed interested in it contributed to the improvement in the dinar exchange rate, especially in light of the increasing demand for the dollar to settle import goods from the requirements, arguing the stability of the market accompanied by a relative increase in the value of the dinar.

He suggested the former deputy governor «Central» Economic Adviser to the Prime Minister the appearance of Mohammed Saleh correct path and the value of the dinar new prices in line with the economic situation faced by the country, saying that the official price of the dinar against the dollar is unrealistic in the current circumstances.

He said in a statement to «life» that «the central reserves» covers currency in circulation increased by one and a half times and is built on the basis of the $ 103 price for a barrel of oil with a surplus in the balance of payments, but the situation has now changed after the decline in oil prices, causing a deficit in the current account the balance of payments. He stressed the need to «lift restrictions on the central determining amounts sell the currency within Article 50 of the federal budget for the 2015 law, because of this restriction, the risk to the stability of the Iraqi market, as the central pricing is not conducive to stability in the presence of the parallel market». Article 50 of the federal budget bill that «Central is committed to identifying sales of the dollar in daily auction ceiling does not exceed $ 75 million». Saleh pointed out that «there is no room to deal with the deficit in the current account of the balance of payments official Baltsairh followed the dinar, which leads to the depletion of foreign currency».

He quoted economist Maytham Laibi saying that reducing the number of outlets selling the currency policy did not achieve results because they limited the ability of the market to expand into selling the dollar across multiple ports. He explained that the inventory of outlets selling the currency led to a monopoly, which in turn led to price controls in a larger format, so it has been working on the expansion of the number of ports. He added that the decline in the dollar exchange rate will remain subject to the height or the dollar amounts that can «Central» available to the market, and this depends on oil prices.