Great Night of News with Straight Talkin’ Mike & L.J. of L.J.’s Next Step Team “THE IQD Team Connection”
Please listen to the replay in its entirety for all the latest CBI, Economy and Government News from Iraq
The I.Q.D. Team Connection News Coverage for Thursday, July 18, 2013
CBI / ECONOMY
Read More Link on Right
Citigroup Boost for Iraqi Bond Amplified by UN Vote: Arab Credit
World Bank praises the draft reform of the banking sector and financial control of Iraq’s banks
International forecasts .. Iraqi banking sector and the positive growth and huge profits over the next decade
Finance parliamentary: submit a 2014 budget next October (Scroll all the way to the bottom of page)
Economic parliamentary: the stability of the exchange rate of the Iraqi dinar responsibility of the Central Bank
Finance: delete the zeros positive parliamentary and restores Iraqi currency as ========================================== GOVERNMENT… Available at L.J.’s Next Step Team Skype News Chat Room. Click Here on How to Join LJ’s
Source: some private banks will reduce the exchange rate of the dollar to 1180 dinars
07/19/2013 – 15:05
Alsumaria News / Baghdad,
the source confirmed early Friday that some private banks will reduce the price of the dollar to 1180 dinars as of next Sunday. source said in an interview for "Alsumaria News", "Association of Iraqi private banks took the CBI note of the fact that some banks for reducing the dollar exchange rate cash to 1180 dinars.
" said the source, who asked not to be named, said, "This reduction in the exchange rate will be effective from Sunday’s day on 21 July 2013."
It is noteworthy that the Iraqi Central Bank hold daily sessions for the sale and purchase foreign currency with the participation of Iraqi banks, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a certain commission.
U.S. Inspector General: Iraq 479 filed an application for U.S. arms worth $ 15 billion
Iraq submitted 479 applications for U.S. arms worth about U.S. $ 15 billion
Editor: BK, RS 07/18/2013 18:52
Range Press / Baghdad
Confirmed U.S. military official high-level, on Thursday, that Iraq has provided 479 applications for military equipment worth about $ 15 billion, while between the value of trades funded U.S. for Iraq up to $ 850 million, he said that the approval "is not" after the integrated air defense system requested by Iraq to the need for "a series of approvals" by the U.S. State Department.
This came in a quarterly report, the latter prepared by the Inspector General American program the reconstruction of Iraq, he put before the U.S. Congress, and included an interview with the head of security cooperation with Iraq,
Gen. Robert كاسلن, who spoke about plans for Iraq’s future in the purchase of weapons, according to a report published today defense industries newspaper DEFENSE INDUSTRY DAILY, and seen by (Presse term).
Gen. كاسلن, according to the newspaper, said that "the sales department of Foreign Affairs in the Pentagon about 479 requests for Iraq up to $ 14 billion and eight hundred million dollars,
of which 166 applications pending worth two billion and three hundred million dollars," pointing out that there is a "152 request least enabled into force Currently funded Iraqi amounting to 11 billion dollars. "
The President of the Office of Security Cooperation with Iraq, that "there are 161 applications closing value of one billion five hundred million dollars," noting that "the number of Iraqi applications currently under implementation of 73 applications."
The General كاسلن, that "the Office of Security Cooperation continues to meet contracts with the Iraqi accessories equipment and training courses, maintenance and perpetuation," pointing out that "the trades funded U.S. to Iraq worth $ 850 million, was spent, including 566 million and the remaining 284 million is still available under the exchange . "
And Male head of the Office of security cooperation with Iraq, that the approval of has not been until the now is on the deal Integrated requested by the Iraq to defend airspace, and include systems the leadership of and the control of from the for the Lockheed Martin of up to $ to two billion and three hundred million dollars,
"attributing the so to the need to" the passage of the deal through a series of approvals on the sales of of Defense of Foreign Affairs from before and Ministry of of Foreign Affairs the American ".
Promised كاسلن, that "Iraq’s request for such systems equipped with بالرادارات are vital to the air defense system of Iraq, which now depends on Radarein only to scan the air and three radars to control the paths of air routes as well as some Collectors air defense remaining since the era of President of the former regime of Saddam Hussein," revealing that "the first task of air defense system will get Iraq would be a Russian short-range Pantsir Pantsir S1".
The head of the Office continued security cooperation with Iraq, that "Iraq now has a light surveillance aircraft of the model AC/C-208B, and other type of training T-6B with air cargo aircraft C-130J aircraft in addition to deal fighter F-16IQ completed and still being processed by the U.S. "مستطردا that" Iraq IA -407 aircraft used helicopters, accompanied by armored transport aircraft attacking Russian Mi – and 17 light helicopters European EC635 ".
And Male Gen. كاسلن, that "the reports russian On-line refers to that Iraq might it added 30 a helicopter was from the-style Mi -28 offensive as part of the صفقتهم armament which ranging from $ from 4.2 to 5 billion dollars,", stressing that the "Iraq longed for the get on the aircraft Apache offensive the American AH -64 that will get on the are some of them soon, ".
He went head office of security cooperation with Iraq, Gen. Robert كاسلن, saying, always according to the newspaper the U.S., said that "Iraq will take place in January of 2014 the next six aircraft helicopter Ktager temporary until the completion of the purchase of 24 aircraft Apache and obtain approvals it," he said, adding that " The United States can also be brought to Iraq buy the same aircraft used by U.S. troops from the AH-64D model as an alternative. "
And continues to كاسلن, that "the reports indicate to the that Iraq is uses a aircraft’s population Eagle UAV the march to help in the perpetuation of monitor the its facilities-oil in the Arabian Gulf," noting that "Iraq wants to also get of the types of other from planes UAV the march, which must command the with the consent of sales department of Foreign Affairs and the Ministry of of Foreign Affairs the American ".
The head of the Office of Security Cooperation with Iraq, that "Iraq wants to equip its ground forces by 175 tanks of other model M1A1-SA, as well as 250 wheel Bradley infantry aircraft M2/M3 that have not announced by the foreign sales of U.S. Department of Defense and is worth about 800 million dollars. "
The Iraqi defense minister agency, Saadoun al-Dulaimi, said in an interview to the (Presse term), in (third from June 2013), that Iraq will receive the first meal of the F-16 aircraft the U.S. end of the current year 2013.
Iraq had signed an agreement with Washington to buy 36 fighter aircraft F-16, has announced that the Iraqi government (September 2011), the payment of the first installment of the value of the deal price to buy 18 fighter of this kind, as confirmed by the Ministry of Defense, in (third from July 2012 the past), the Iraqi government’s desire to increase the number of aircraft in the "near future" to protect the country’s airspace.
Is noteworthy that the the United States is the President source for arming the Iraqi the armed forces, despite the the pursuit to get on the other Russian and weapons from Eastern of Uriah the States between the every now and the other.
Parliamentary economy: the government is under internal and external pressure by traders for non-activation of the Tariff Act
July 19, 2013
Ruled out the decision of the Commission of Economy and Investment MP / coalition of Kurdish blocs / Mahma Khalil, activation of the Tariff Act during the coming period due to demand federal government lingered during the next three years.
Khelil said (of the Agency news): The Iraqi government is under pressure both internal and external by merchants to non-activation of the Tariff Act because it would hurt their interests, prompting the federal government to claim for lingered for activating the law for a period of three years to come.
said: that the Tariff Act did not emerge since passed the year (2007) in the House of Representatives and so far, because of the government’s refusal to apply, despite he is one of the important economic laws of the country because it would stimulate the agricultural and industrial sectors and promotes the growth of the Iraqi economy.
Hamidi: lower gold led to the global turnout locally
July 19, 2013
Confirmed a member of the Economic Commission MP for the rule of law Fatima Hamidi, the drop in gold globally has no affect on the stock CBI.
said Hamidi: that the gold reserves in Iraq steady and has nothing to do down prices globally, noting that it is possible to increase the central bank reserves of gold because of the low prices. said:
There are large turnout too to buy gold in the domestic market so as to lower its price, weighted by the continued decline in
the past three months, the next until it reaches the fixed price.
confirmed: that this reduction does not affect the local market that Iraq ايتعامل gold, but has a reserve to him. referred to as Iraq has taken a big step to strengthen its gold reserves to join the other central banks of emerging market economies such as Brazil and Russia to diversify its foreign reserves.
Member parliamentary Finance: the increase in central bank sales of the dollar does not affect its cash reserves
July 19, 2013
Ruled out a member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, influenced by increase in sales of the Central Bank of the dollar in the auction on the monetary reserves of hard currency, stressing that the bank has no fixed roof of the sale, but selling by the actual need of the market. Abbas said (of the Agency news):
The policy of the Iraqi Central Bank on the sale of hard currency has no fixed roof of daily sales, but according to the market needs of both traders Aoualemredy Aoualemsavrin to the dollar.
said: that most of the private banks to take over a large proportion of sales of the bank, and this is due to the lack of absorption The new policy adopted by the central bank about buying and selling, noting that the central bank is not responsible for it.
Between: The Ministry of Finance is supposed them to open bank branches governmental organizations in all towns and villages in various governorates in order to deliver the dollar to all citizens, and in order not to get the monopoly of foreign currency to hand without the other.
was Iraq’s central bank announced an increase in sales of hard currency in its daily auction during the past few days.
med (9:40 PM): HOLY CRAP OK WHAT WAS ALL THAT I WAS IN CHAT I EXPLAINED AN ENTIRE ISSUE AND SAID GN NONE OF IT IS POSTED SO I CLEARED CHAT
I POSTED A LONG REPORT OK HERE IT IS OK I GOT TO DO IT IN THE HYPER MODE CUZ I HAVE TO GO PICK UP CINDY GOT A PM THAT IT WAS ANNOUNCED AT THE UN IRAQ WAS RV’ING
SOME GUY FROM TNTDINAR SAID HE GOT 3 CONFIRMS SO I WENT TO THE HIGHEST PLACE I COULD TO GET IT DEBUNKED OR CONFIRMED TURNS OUT THE SAME GROUP YESTERDAY CALLED THE RENO GROUP PUT IT OUT YESTERDAY THAT IT WOULD RV THIS MORNING WHICH NEVER HAPPENED … Read More Link On Right
THEN THEY USED THE EXCUSE THE BANKS WERE NOT READY NOW THEY ARE CLAIMING AN RV TONIGHT
I CAN TELL YOU NOONE IS SHUTTING DOWN SELLING DINAR AT ANY TRADER OVER THIS STATEMENT AND I FOUND OUT THE 3 CONFIRMS WERE FROM LARRY CURLEY AND MOE
med: NOW IF YOU WANT TO STAY UP AND CHECK TO SEE IF I AM WRONG IT WILL START IN THE EAST WAY EAST LIKE BEFORE EGYPT MIDDLE EAST THEN FRANCE EUROPE AND THE UK THEN OUR EAST COAST
okie35: eino is not in it ??
med: HE WAS THE BACK UP
guardian: i believe they predicted before like that, the time came and went
med: IN CASE CURLEY YES THEY DID
okie35: oh ok
med: AND THEY PROMISED A BUY BACK AT SOME HIGH RATE REMEMBER AND WE HAD MEMBERS FLY TO CA TO CASH IN WITH THEM WHEN THEY GOT THEIR IT WAS JUST THE SAME RATE AS IT IS NOW THEY WERE SO PISSED
NOW ONE THING WHY WOULD THEY ANNOUNCE IT AT THE UN AND NOT IN CONJUNCTION WITH THE IMF WHO HAS BEEN WORKING WITH THEM SINCE DAY ONE
guardian: it can only be a madeup story
ranjoesgirl: when you get excited Med, then I’ll be excited… until then.. not falling for the everynight RV
med: WELL THE GUY GETS HIS 15 MINUTES
med: NO WE HAVE ALL BEEN ON THOSE SITES RJG AND IT WAS TOO TOUGH A RIDE WE ALL KNOW THE OUTCOME BUT JUST NOT HOW FAR EXACTLY OFF IT FEELS LIKE WE ARE STANDING ON IT BUT HEY IT COULD BE ONE OF MY DOGS PILES TOO I HAVE TO RUN OK
med: I AM SORRY ABOUT MY OTHER CHAT HI TO ALL TY KSD TY GUARDIAN AND TO ALL OF YOU WHO HAVE STAYED ALL THESE YEARS I MEAN IT THANKS
med: GN ALL YOU TWO TWO DOORS LOL
the baron: God Bless
med: AND YOU ALSO BARON
bulldog23: Thanks Med
guardian: twodoors lol
med: AND BD23 TY
ksdunlap: you are very welcome Med .. we will be together til the end
– Oil futures traded slightly lower during Friday’s Asian session after crude raced to its highest levels in more than a year during U. S. trade Thursday. On the New York Mercantile Exchange, light sweet crude futures for September delivery fell 0. 08% to USD107. 73 per barrel in Asian trading Friday after up 1. 25% at USD107. 68 a barrel on Tuesday, off from a session high of USD107. 82 and up from an earlier session low of USD105. 94. Traders sent oil to the highest settlement for a most-active contract since March 2012 following some strong U. S. data points. In U. S. economic news out Thursday, the U. S. Labor Department said initial claims for jobless benefits slid by 24,000 to 334,000 last week. The less volatile four-week moving average dropped by 5,250. The Philadelphia Federal Reserve’s business activity index to 19. 8 from 12. 5 in June. Readings above zero signal expansion. The weekly jobs report is the latest sign that the U. S. economy is recovering and that could lead to further upside for oil because the jobs picture is seen as an integral part of crude demand. The U. S. , the world’s largest oil consumer, added 195,000 jobs in June the Labor Department said earlier this month. On Wednesday, the U. S. Energy Information Administration said in its weekly report that U. S. crude oil inventories fell by 6. 9 million barrels last week, compared to expectations for a decline of 2 million barrels. Elsewhere, Brent futures for September delivery rose 0. 09% to USD108. 86 per barrel on the ICE Futures – 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.