7-19-2013 Footforward:   Where are we with Chapter 7? They had a vote on Chapter 7 in the UN…it was all set up on the RV being done. When the RV is done, they will be instantaneously out of that portion of Chapter 7. Even when the RV happens, they won’t be fully out of Chapter 7 because they still have to deal with payments to Kuwait. These payment are not done. Chapter 7 is not stopping the RV. The RV has to happen before Chapter 7 can be fully released.

Iraq is not in control of the RV. This is not about Iraqi politics. The people there were placed there by design. Iraqi politics really don’t matter. Several weeks ago additional staff were brought in for major banks in anticipation of the RV. Obviously, the RV didn’t happen. Banks, financial institutions, governments etc. are expecting things to move forward. This thing isn’t a long way off.

No real investment project in Iraq, says Khalil

Added by Ahmed Hussein on July 19, 2013.

Baghdad (IraqiNews.com) The reporter of the Economic Parlaimentary Committee confirmed that there is no real investment project in Iraq yet.

Speaking to IraqiNews.com, he assured “Despite the concern about this side, there is not investment in the country till now except in Kurdistan Region which is considered among the most stable places in the world.”

“Investment in Iraq needs to eliminate the impediments that hinder it and to create suitable political and security atmospheres in addition to amending the Banking system,” he concluded.


The IQD Team Connection with LJ from LJ’s Next Step Team
Straight Talkin Mike, LJ, Diana & Debbie
Investigate, Question & Deliver
Thursday, July 18,  2013 
Replay of Conference Call 
Conference Call Replay – July 18, 2013
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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


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.
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News Article Links

What a great night of news, analysis and discussion – Listen to the call for all the rest of the news shared

Conference Call Replay –  July 18, 2013
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As Always…. Discussion and Analysis of the Latest Iraq, Dinar & RV News….Pre & Post RV Information…Q & A

Every Tues & Thurs 8PM EST
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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.