The new US Consul General in the Kurdistan Region, Mr Joseph Pennington, met with the KRG’s Head of Foreign Relations Minister Falah Mustafa as part of his introductory meetings.

He was accompanied by the outgoing Consul General, Mr Paul Sutphin, and the Head of Political/Economic Section at the US Consulate General in Erbil, Mr Stephen Gee.

During their meeting, the two sides discussed the growing relationship between Kurdistan and the United States of America. Minister Mustafa said that the recent announcement of the new consular section in their Consulate General in Erbil would help further strengthen ties.

The US Consulate General in Erbil began issuing visas for tourism, business, work and study on 25th June.

They also touched on ways of expanding existing relations, including political, economic and cultural ties.

Minister Mustafa expressed his appreciation for the personal efforts and contributions of Mr Paul Sutphin in broadening ties between both sides. He assured Mr Pennington the support and assistance of the KRG Department of Foreign Relations to ensure his tenure in Erbil is successful.

(Source: KRG)

Dollar drops on weak US housing data

NEWS.com.au4 hours ago

THE dollar has fallen against other major currencies after disappointing US housing data revived talk of a slower time-table to scale back the Fed's aggressive bond-buying program.

Forex – Dollar falls even as traders bet on more upsideInvesting.com
As Taper Talk Recedes, Traders See the Dollar Settling DownWall Street Journal (blog)

– Natural gas prices moved lower on Monday after investors sold the commodity for profits in wake of last week’s bullish supply data, while weather forecasts calling for a break in a searing heat wave gripping the eastern U. S. pushed prices lower as well.
In the New York Mercantile Exchange, natural gas futures for delivery in August traded at USD3. 668 per million British thermal units, down 3. 21%.
The commodity hit a session low of USD3. 642 and a high of USD3. 752.
Natural gas prices soared by over 5% last week after the U. S. Energy Information Administration reported that storage in the week ending July 12 rose by 58 billion cubic feet, below market expectations for an increase of 64 billion cubic feet, though from Friday through Monday, profit takers wiped out the commodity’s gains.
Meanwhile, a return of milder temperatures for much of the U. S. suffering from a blistering heat wave pushed prices down as well.
Industry weather group MDA Weather Services predicted below-normal temperatures across most of the eastern half of the nation for the next five days.
The U. S. National Weather Service forecast also pointed to below-normal temperatures covering the heavily populated Northeast and Midwest regions over the next six-to-14 days.
Mild summer temperatures reduce the need for gas-fired electricity to cool homes and businesses.
Elsewhere on the NYMEX, light sweet crude oil futures for delivery in September were down 0. 56% and trading at USD107. 27 a barrel, while heating oil futures for August delivery were down 0. 40% at USD3. 0770 per – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

– Natural gas prices moved lower on Monday after investors sold the commodity for profits in wake of last week’s bullish supply data, while weather forecasts calling for a break in a searing heat wave gripping the eastern U. S. pushed prices lower as well.
In the New York Mercantile Exchange, natural gas futures for delivery in August traded at USD3. 668 per million British thermal units, down 3. 21%.
The commodity hit a session low of USD3. 642 and a high of USD3. 752.
Natural gas prices soared by over 5% last week after the U. S. Energy Information Administration reported that storage in the week ending July 12 rose by 58 billion cubic feet, below market expectations for an increase of 64 billion cubic feet, though from Friday through Monday, profit takers wiped out the commodity’s gains.
Meanwhile, a return of milder temperatures for much of the U. S. suffering from a blistering heat wave pushed prices down as well.
Industry weather group MDA Weather Services predicted below-normal temperatures across most of the eastern half of the nation for the next five days.
The U. S. National Weather Service forecast also pointed to below-normal temperatures covering the heavily populated Northeast and Midwest regions over the next six-to-14 days.
Mild summer temperatures reduce the need for gas-fired electricity to cool homes and businesses.
Elsewhere on the NYMEX, light sweet crude oil futures for delivery in September were down 0. 56% and trading at USD107. 27 a barrel, while heating oil futures for August delivery were down 0. 40% at USD3. 0770 per – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.


Citizens in Basra complain about damage categories of paper currency and the central bank is to replace them













22-07-2013 – 14:27





Alsumaria News / Basra

Citizens expressed in Basra, Monday, alarmed by the growing phenomenon of damage and rupture of small groups of paper currency, as expressed Retailers complained of this phenomenon, the Central Bank announced a plan to withdraw banknotes damaged and replaced with new ones.


He said ‘Ali Riad Abbas, who runs a taxi driver in an interview for "Alsumaria News", "The problem of corruption and torn banknotes of categories 250, 500, 1,000 dinars worsened significantly within the past few months," noting that "most of the banknotes traded of these groups in Basra damaged and torn, which can cause sometimes us Baharajat and problems. "


In turn, said Ghassan Abdel-Rahman, the owner of a shop selling food in the market, the publican, "The currency shattered spread widely in recent Allokhirh, and we are one of the most affected by them," adding that "this phenomenon does not affect the work of traders who deal in dollars and groups cash Iraqi large, as it does not harm the officials who get paid large cash groups. "


For his part, deputy governor of the Iraqi Central Bank Zuhair Ali Akbar said in an interview for "Alsumaria News", "State-owned banks in the provinces did not stop the withdrawal of currency damaged from circulation, however,

put an ambitious plan to print the categories of alternative techniques of high quality," adding that "categories that will replace the damaged print on paper better than the paper used in the printing of banknotes to neighboring countries."


He stressed banking expert who was director of the Central Bank branch in Basra that "the central bank is determined to end this phenomenon."


The banknotes circulating in Iraq printed in the United Kingdom by a British company, is gaining all denominations leafy current specification much better than the specifications of those that were in circulation until 2004,
it was printed during the nineties in China and Iraq on paper lousy and specifications easy to counterfeit,

In spite of the spread of the phenomenon of torn paper currency and damaged before 2003, but that many Iraqis they avoided objection to accept banknotes torn through their daily business and the fact that the former currency includes all categories was head portraits of the former regime of Saddam Hussein.

http://www.alsumaria.tv/news/79759/مواطنون-في-البصرة-يشكون-تلف-فئات-من-العم/ar

Honored by the Association of private banks in Iraq, Iraqi Central Bank Governor Dr. Abdul Basit Turki Saeed granting Shield Association during a working breakfast hosted by the Association of Hotel Ishtar.

And banquet was attended by a number of members of the House of Representatives and heads of professional bodies and a number of government officials and the general managers of the banks, government and heads of boards of directors private banks and members of the Central Bank and a number of businessmen. delivered the President of the Association of private banks in Iraq, Adnan al-Chalabi, a welcoming speech to come, pointing out the role of conservative care and assigning the banking system in Iraq.

Chalabi stressed that the goals that seeks Association to achieve does not depart from those adopted by the central bank. In his speech stressed the central bank governor importance of deepening cooperation between the banks and the central bank to achieve the goals that are in the framework of progress and development of the Iraqi economy, and hoped to continue to banks in the correct track towards better performance service of national interests. were private banks have responded to the directions of the Central Bank and his quest rate cut dollar exchange and succeeded in restoring stability.

LINK

7. 22. 13
Honored by the Association of private banks in Iraq, Iraqi Central Bank Governor Dr. Abdul Basit Turki Saeed granting Shield Association during a working breakfast hosted by the Association of Hotel Ishtar.
And banquet was attended by a number of members of the House of Representatives and heads of professional bodies and a number of government officials and the general managers of the banks, government and heads of boards of directors private banks and members of the Central Bank and a number of businessmen. delivered the President of the Association of private banks in Iraq, Adnan al-Chalabi, a welcoming speech to come, pointing out the role of conservative care and assigning the banking system in Iraq.
Chalabi stressed that the goals that seeks Association to achieve does not depart from those adopted by the central bank. In his speech stressed the central bank governor importance of deepening cooperation between the banks and the central bank to achieve the goals that are in the framework of progress and development of the Iraqi economy, and hoped to continue to banks in the correct track towards better performance service of national interests. were private banks have responded to the directions of the Central Bank and his quest rate cut dollar exchange and succeeded in restoring stability
mubasher. info

Australian dollar gains as home sales data dampens US dollar

The Australian1 hour ago

BK Asset Management New York managing director Kathy Lien said the Australian dollar was given a boost by the weakness in the greenback along with strong gold prices.

Aust dollar lifts on soft US dataBusiness Spectator
Dollar drops on weak US housing dataNEWS.com.au