Sari must wait delete zeros from the currency

on 7.10.2013 | Author David Muhannad

Integrity electronic – Baghdad ruled out Faleh applicable member of the Finance Committee parliamentary Iraqi parliament to delete the zeros from the currency during the current period due to poor political and security situation in the country.

said sarees, that the Finance Committee parliamentary had asked the central bank to wait on the subject of currency exchange due to the circumstances political, security and near parliamentary elections, noting that this topic would be delayed until after the next election

and he can not initiate its application at the moment, and he said, adding that the experience of the deletion of zeros from the Iraqi dinar were not the first experiment of its kind, as some predict,

but that there are many experiences in the world has proved successful, He pointed out that a number of measures should be taken when you start replacing the currency, including strengthening the purchasing power of the dinar.

Parliamentary Finance monitors the central bank action on dollar

| on 10/07/2013 | Author David Muhannad

Integrity electronic – Baghdad confirmed the Finance Committee in the House of Representatives that it monitors the measures the central bank on the dollar.

said a member of the Finance Committee MP Najiba Najib to the press: that the work of the Committee is to follow the exchange rate الدولارمقابل the Iraqi dinar, pointing out: we will follow up actions taken by the central bank and watching the price exchange rate of the dollar against the Iraqi dinar.

Najib pointed to the importance of standing on how the central bank issuing the controls.

The Integrity Committee in the House of Representatives, has announced that the competent court of inquiry to consider integrity issues is suspended charges against the article’s central bank governor Sinan al-Shabibi.

07/10/2013 14:24
Iraqi government announces the preparation of more than 30 agreement and a memorandum of understanding with a number of countries

Iraq entered into agreements and memoranda of understanding in the field of economy, education, health and the fight against corruption and the environment with a number of the world

BAGHDAD / obelisk:

The Iraqi government announced, Wednesday, for the preparation of 11 agreements and memorandum of understanding with 22 countries of the world during the second quarter of the year 2013, in the areas of economy, education, health and the fight against corruption and the environment.

The General Secretariat of the Council of Ministers in a statement obtained by "obelisk", a copy of "The Legal Department of the Secretariat had prepared 11 agreements and 22 memorandum of understanding with the countries of the world during the second quarter of the year 2013",

indicating that "the agreements included a draft law on ratification of the Convention on multimodal goods between the Arab states, and academic cooperation agreement between the Ministry of Higher Education and Scientific Research of the Republic of Iraq and the College of Arts and Sciences at the University of Texas. "

The statement added that "the department has completed a draft law on ratification of the Convention on Cultural Cooperation between the Government of Iraq and the Ukraine, and the law on ratification of an agreement Generation International Academy of Anti-Corruption as an international organization,

and the law on ratification of the Convention on the Amendment to the Convention Establishing Arab Shipbuilding and ship repair, in addition to the law on ratification of the Convention on Multimodal Transport of Goods between the Arab countries. "

The statement continued that "the Chamber also prepared a draft Convention on the Privileges and Immunities of the Organization for the Prohibition of Chemical Weapons between Iraq and the Organization for the Prohibition of Chemical Weapons,

as well as the International Convention on the Elimination of All Forms of Racial Discrimination, the Convention on the Child, and the agreement an executive, and the draft Convention on maritime transport between Iraq and Egypt."

The statement pointed out that "the legal department also prepared (22) Memorandum of Understanding, including a memorandum of understanding between the National Authority for Investment and Free Zones in the Arab Republic of Egypt,

and memoranda of understanding with Kuwait on the operation and maintenance of physical borders and the establishment of a residential compound in Umm Qasr, and a Memorandum of Understanding in the field of agriculture with the Ministry of Agriculture, Slovak, and the other with the National Agency to regulate telecommunications in the Kingdom of Morocco,

as well as the law on ratification of the letters and diaries mutual and record of the discussions relating to the loan of Japan (modernization project Daura), and the Memorandum of Understanding between the Ministry of Health of Iraq and the Korean Agency KOTRA. "

Iraq seeks to open up to all countries of the world and the promotion of investment, education, health and the fight against corruption and preserving the environment and enter into international agreements, especially after his release from the commandments of Chapter VII.…ثر

Banking expert: No money laundering operations in Iraq
10-07-2013 05:29 AM

Baghdad (news) ..

He banking expert and director of the Association of private banks Abdul Aziz Hassoun, that Iraq is free of money laundering, because of the abundance of foreign financial country.

said Hassoun said in a statement (of the Agency news): The According to the information and indicators available, did not adjust the agencies responsible for the control of money laundering in Iraq, the process of these operations, noting: that the Department of combat and control money laundering in the Central Bank of Iraq, and did not indicate the existence of money laundering.

wondered, why is money laundering, and there is an abundance of financial process Ajnah denies flatly Laundry, explaining: the laundry when the There is a need for money for the party.

, and pointed out that, private banks in the country, it is working with laws in force and supervision of the Central Bank of Iraq, and every month progress reports detail all its work, the central bank, and it’s not the banks and fake.

referred to that, the form of the circumstances through which Iraq now fertile ground for the growth and spread of the phenomenon of money laundering, in light of the continued political differences affect the areas of the country, including economic and trade relations

Economist: New York Convention on investment will bring foreign investment to Iraq

10-07-2013 11:57 AM Orbit news – Baghdad (news)

praised the economic expert Abbas Ghalibi, بالمباحثات ongoing on Iraq’s accession to the New York Convention to encourage investment, they will work on the development of the economy. said Ghalibi (of the Agency news):

The Iraqi economy is semi-disabled and one-sided because of the repercussions of political and security, it needs to conclude Agreements many investment lead to development.

said: that the New York Convention and other conventions that promote investment in Iraq, good for the economy of Iraq, and that because of all the sectors of quasi-Off and it needs to invest actively to develop them through to make way for all investors.

continued: that the success of the talks on NYC will be reflected positively on the reconstruction and services and the development of local production of the country, stressing that the repercussions of
security and political through which Iraq has made ​​him a lot of obstacles

that have prevented the advancement of the economy ethnicity. encourages NYC air investment of the member states where, they represent a point of arbitration between the investment companies and among its workforce States if you have a dispute between the parties.

Iraq is ranked 11 among the most failed states in the world

Wednesday, July 10, 2013 10:59

Twilight News /

showed a joint report prepared by the Fund for Peace, and the Journal of the American foreign policy ( foreign policy ), the occurrence of Iraq ranked 11 in the failed state index for the year 2013.

The report came two institutions, which is seen by "Twilight News", that "Somalia is occupied for the eighth consecutive year the fore in the Failed States Index, followed by the Democratic Republic of the Congo.

Sudan was ranked third in the world, and then South Sudan in fourth place, while Chad V. dissolved, and came sixth Yemen, Afghanistan, Haiti and Central African Republic Vzimbaboi the.

Iraq ranked 11th globally, after he finished ninth in the past two years on the world.

The worst ranking obtained by Iraq is the second in the world in the year 2007.

The report shows that countries such as Ethiopia, Eritrea, Djibouti and Libya, the best indicators of Iraq in failure, although she is suffering from internal disturbances.

The index includes the year 2013, 178 countries were classified and given place occupied by depending on the benchmark 12 socially, economically and politically, as President, in addition to more than 100 other secondary criteria.

Each indicator is based on an analysis of millions of documents available, and data and calendars analysts, No. 178 means that the state is the least and the most stable failure while No. 1 is the most failure.

The report added that "Finland, Sweden, Norway, Switzerland, Denmark, New Zealand, Luxembourg, Iceland, Ireland, Australia, Canada, the Netherlands, Austria, and Germany, are at least fourteen states failure and the most stable in the world."

And since 2005 has been the magazine "Foreign Policy" on publication of annual مقياسها of failed states, which is the fruit of a joint effort between the magazine with the Fund for Peace, arranges the leading 60 failed state and occupied Somalia index list several years ago.

One of the factors underlying the report in the evaluation, demographic pressures, refugees and grievances collective, and flee human development uneven, and economic deficiencies, lack of international legitimacy, public services, human rights, and security services, and the elites partisan, foreign intervention, and security threats and economic deterioration and violations Human Rights.

The report defines, a failed state, as a state that can not control its territory, usually resort to force, and fail government in making decisions poignant, in addition to their inability to provide services to its people, and the rates are corruption and high crime.

On the other hand according to a poll conducted by Transparency International Center that corruption has worsened in most Arab countries since the Arab Spring uprisings in 2011, especially in Egypt, Tunisia and Yemen, and anger at official corruption was a major cause of detonation.

The report shows that "the countries of Iraq, Lebanon and Morocco is witnessing a growing resentment although it has not seen revolutions, but the Arab Spring political tensions rose in it—-11——.html

Ramadan to begin Wednesday

MENAFN – Arab News – 09/07/2013

(MENAFN – Arab News) The fasting month of Ramadan begins in Saudi Arabia on Wednesday as nobody sighted the new crescent on Monday. "Tomorrow, July 9 will be the 30th day of Shaaban and the holy month of Ramadan begins on July 10," the Royal Court said in an official statement.

The Royal Court announcement was based on a decision taken by the Supreme Court after meeting in Taif yesterday.

The beginning of Ramadan is decided after sighting the new moon. If it was not sighted on Shaaban 29 as a result of low visibility, then the month will have 30 days.

The Supreme Court congratulated Muslims all over the world on the advent of Ramadan and hoped it would strengthen their unity and improve relations among them.

Muslims around the world greet the holy month of Ramadan with utmost respect and happiness. It is compulsory for Muslims to fast in this month to purify their minds and make them spiritually and physically healthy.

The Messenger of Allah (peace be upon him) told his companions on the last day of Shaaban: "O people! A great month has come to you; it is a blessed month in which there is a night (Lailat Al-Qadr) that is better than a thousand months; Whoever tries to attain the pleasure of God by performing any of the optional deeds shall receive the same reward of performing an obligatory one in other days, and whoever performs an obligatory deed shall receive the reward of performing 70 obligations."

The Prophet (peace be upon him) added: "It is the month of patience, and the reward of patience is Heaven. It is the month of charity, and a month in which a believer’s sustenance is increased. Whoever gives food to a fasting person to break his fast, shall have his sins forgiven, and he will be saved from the Hell, and he will get the same reward of that fasting person, without lessening the latter’s reward."

Mohammed Badahdah, assistant secretary-general of the World Assembly of Muslim Youth, said: "We have to change ourselves to make this Ramadan a different experience. We have to make special preparations for Ramadan and change the atmosphere to get the maximum benefit out of it and achieve the end result of becoming pious and God-fearing Muslims."…egin-Wednesday

By Waheed Ghanim.

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Currency Class War: Damaged Dinar Notes result in Bribery, Injustice

Exchange shops, bank cashiers and savvy housewives are doing big business as they deal with Iraq’s dodgy, damaged, low-denomination notes – for a price. The losers? Pensioners and low-income earners who end up with cash they can barely use.

Every two months Makiya, a 65-year-old Iraqi woman, travels a long way to pick up her pension in cash. She lives 40 kilometres out of Basra and the journey is a difficult one for her. And then to her chagrin, whenever she gets her pension, it mostly comes in low-denomination notes that are damaged, torn or otherwise destroyed.

“The people who come to collect their pensions are not treated the same way as others,” Makiya complains. “To get clean, undamaged bank notes you have to pay the bankers a bribe.”

Additionally Makiya says that if anybody complains about the IQD3,000 that is usually deducted from the payments by the bankers –a service fee taken for no apparent reason, she says – they are punished by being given even more of the damaged or distressed banknotes.

“And then when you get the damaged bank notes you can’t do anything with them because nobody accepts this money,” Makiya says.

The descriptions “talef” and “naqes” are often used by people like Makiya when they talk about money. Respectively the words mean damaged and missing and are terms used to describe the smaller notes – the IQD1,000 notes and the half and quarter dinar notes – that those who can’t afford to pay for better, bigger banknotes end up with.

By Reidar Visser.
The following article was published*by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Personal Vote Results from Provincial Elections in Anbar and Nineveh: The Decline of Nujayfi and the Fragmentation of the Political Landscape

Following the announcement of the final results on 27 June, the Iraqi elections commission (IHEC) has now also released the personal vote results from Anbar and Nineveh for the postponed provincial elections that were held on 20 June. The results add some interesting information on political dynamics in the two north-western Iraqi provinces.
In terms of comparison with the rest of Iraq, it is clear that politicians in Anbar and Nineveh are struggling in terms of building relationships with their voters. Despite running in the most populous governorate after Baghdad, politicians from Mosul and Anbar mostly fail to make it into the top 15 list of the best vote getters nationally. The five exceptions are Nineveh governor Athil al-Nujayfi of Mutahhidun (40,067 votes), the two top Kurdish politicians in Nineveh (14,218 and 13,672 votes respectively), ex Nineveh governor Ghanem al-Basso (12,716 votes), and Anbar governor Qasim al-Fahdawi (14,503 votes).
Additionally, beyond national comparisons, it is clear that for some of these politicians, personal vote numbers that may come across as decent actually look worse when compared with results in the previous local elections of January 2009. This is above all the case with regard to Nineveh governor Nujayfi. Reflecting his party’s stunning loss of more than 300,000 voters since 2009, his own results declined from around 300,000 personal votes to only 40,000.
And whereas it is clear that Mutahhidun has done a good job nationally in terms of transforming the original Hadba party in Nineveh of 2009 to the dominant force within the Sunni and secular camp from Basra to Diyala, the reversal of its fortune in Mosul itself may suggest that Athil al-Nujayfi’s governorship of that area may have become something of a liability for his brother Usama’s national ambitions (or, alternatively, that the move towards rapprochement with the Kurds is hurting them more there).


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