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Cabinet OKs monetary and banking training center bill
November 16, 2009 - 09:41:26
BAGHDAD / Aswat al-Iraq: The Iraqi cabinet has approved a draft law on the monetary and banking training center and referred it to the Parliament, a government spokesperson said on Monday.
“The approval is in line with the Central Bank of Iraq Law no. 56 of the year 2004 on the training and preparation of personnel working at the Central Bank of Iraq (CBI) and the banking apparatus,” Ali al-Dabbagh said in a statement received by Aswat al-Iraq news agency.
The CBI has pressed for a reconsideration of the Banking Studies Center Law no. 36 of the year 1999, the statement noted.
http://en.aswataliraq.info/?p=122068
12 November 2009
100 IQD (Iraq)=149.35 USD (United States) 1 IQD=1.4935 USD
100 USD (United States)=67 IQD (Iraq) 1 USD=0.669568 IQD
http://fxtop.com/en/cnvhisto.php3?C1=IQD&B=2
Historical exchange rate Iraqi Dinar / US Dollar
http://www.mataf.net/en/histo/IQD-USD
The Exchange Rate of Foreign Currency in Economic Feasibility Studies
Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
http://www.mop-iraq.org/mopdc/index.jsp?sid=1&id=308&pid=295
United Nations Treasury
The United Nations Operational Rates of Exchange
Warning: The Operational rates of exchange listed herein are intended only for the internal record-keeping of the United Nations. No warranty of accuracy can be given and the United Nations shall not assume any responsibility in connection with the present publication of these rates. Generally, the rates are updated monthly, based on market conditions. Adjustments are also made following official government devaluations or revaluations.
For the fixed conversion rates of Euro-zone currencies and Euro Click here
* 2009 Operational Rates of Exchange Last updated 29 October 2009 for the effective date of 01 November 2009 and thereafter until further notice.
Help: If the spreadsheet does not reflect the change(s) mentioned in this page, close the Internet browser and open again, or clean/empty the internet cache (cookies and temorary files at the internet options in the Tools menu) in your PC and try/refresh the page again.
o 2009 spreadsheet (Excel file)
*
o Scheduled Changes in 2009
There won't be an individual email notice attaching the new spreadsheet for scheduled changes. All users should check and download the file posted in this website. While there could be no changes for the mid-month, there might be ad-hoc changes during the month unexpectedly. Please check this site daily for possible changes.
Posting Date
Effective Date
11 Nov 2009, if applicable
13 Nov 2009
25 Nov 2009
Please note the 26th and 27th
are the U.N. holidays in New York.
01 Dec 2009
11 Dec 2009, if applicable
15 Dec 2009
29 Dec 2009
Please note: 31 Dec 2009
http://www.un.org/Depts/treasury/
UNCC pays Kuwait $610 mln in compensation for Iraqi invasion
2009-10-30 00:32:05
GENEVA, Oct. 29 (Xinhua) -- The United Nations Compensation Commission (UNCC) paid Kuwait 610 million U.S. dollars on Thursday in compensation for losses and damages resulting from Iraq's 1990-1991 invasion and occupation of the country.
The money will be distributed to 10 successful claimants, five from corporations and the public sector, and five from governments and international agencies.
Thursday's round of payments is in accordance with the second phase of UNCC Governing Council decision 256, which gives priority in payment to claims with outstanding amounts less than 500 million dollars as well as environmental remediation claims.
Nine of the claimants will be paid 2 million dollars each, while one claimant will receive 592 million dollars. The money is generated from Iraq's exportation of oil.
Thursday's payment brings the total of paid claims to more than 28 billion dollars, just over half of the 52 billion dollars awarded. Ten successful claimants remain.
The Geneva-based UNCC was created in 1991 as a subsidiary to the UN Security Council. Its sole purpose is to process and pay claims resulting from Iraq's invasion and occupation of Kuwait.
http://news.xinhuanet.com/english/2009-10/30/content_12357583.htm
Trade the Dinar
How to trade Iraq, with Alli Ajha, Dinar Trade Inc. president.
http://www.cnbc.com/id/15840232?video=1311362126&play=1
October 21, 2009, 2:04 pm
Iraq: Open for Business
By Steven Lee Myers
WASHINGTON — A milestone in the war in Iraq passed this week largely unnoticed here in a capital consumed more recently by Afghanistan, Pakistan and Iran, not to mention the economy or health care.
Hundreds of Iraqi officials — said to be the largest delegation from Iraq ever to visit the United States — gathered in a hotel near Capitol Hill on Tuesday and Wednesday to discuss neither security nor American troop levels. Rather they came to promote something that was once, and might still be, more of a hope than a reality: investment.
“Why invest in Iraq?” Sami al-Araji, the head of Iraq’s national investment commission, asked the gathering on Tuesday in a crowded conference room at the Hyatt Regency. “There has never been a better time to invest in Iraq. Iraq has emerged from the conflicts of the past with tremendous potential for investment from local, regional and global companies.”
The war in Iraq has gone through many phases since it began more than six and a half years ago — invasion, occupation, insurgency, sectarian war, the “surge” and sovereignty. Now, with American troops retreating to major bases on their way out of the country all together, Iraq’s leaders hope to persuade a wary world a new phase has begun.
“Iraq,” is, as one brochure declared, “Open for Business.” Prime Minister Nuri Kamal al-Maliki came, underscoring the government’s commitment to the notion, or promotion. So did the ministers of oil, trade, finance and agriculture, and governors of the country’s provinces, all of whom promoted investment opportunities. Anbar, once the heart of the Sunni insurgency? “Hidden opportunities.”
“Business and investors can work freely in any province they want,” Mr. Maliki said in an assertion, the veracity of which turns on one’s definition of the word “freely.” “There are no hot zones in Iraq.”
One expects Mr. Maliki to make the pitch for his country, which remains a violent place by any definition. What was really striking at the conference was the extent to which economic boosterism has now become the primary mission of the country that led the invasion in 2003.
http://atwar.blogs.nytimes.com/2009/10/21/iraq-open-for-business
U.S., Iraq agree to establish joint committee to solve Chapter 7 issues
October 20, 2009 - 08:51:42
BAGHDAD / Aswat al-Iraq: U.S. Secretary of State Hillary Clinton said on Tuesday that she agreed with Prime Minister Nouri al-Maliki to establish a joint coordination committee to tackle all Chapter 7 issues that need to be resolved, according to the State Department’s website.
“Today, the prime minister and I discussed a range of issues, and we agreed to establish a diplomatic joint coordinating committee under the Strategic Framework Agreement. In that committee, we will discuss all Chapter 7 issues that need to be resolved,” Clinton said.
“Tomorrow’s U.S-Iraq Business and Investment Conference will be a very important priority for both of us. By bringing together business and government leaders from both countries, we hope to pave the way for greater international investment in Iraq and closer economic ties between us,” she added.
“As Iraq emerges from conflict, the stability that is occurring will drive greater prosperity, which will help create a lasting peace and bring jobs that will lift families’ income and give Iraqis a greater opportunity to chart their own futures. I want to thank Prime Minister Maliki and the other Iraqi leaders who are here today for their leadership on this important conference and the issue, and I want to express our pleasure at seeing the recent amendments to Iraq’s national investment law,” Clinton underlined.
“We also discussed the upcoming national elections which are critical to Iraq’s future. Obviously, we are supporting the efforts to ensure that the elections are credible and legitimate, and that a new government is formed in a timely way to continue the peaceful stability and economic growth that is so important.”
http://en.aswataliraq.info/?p=120662
U.S.-Iraq Business and Investment Conference
Tuesday
Nouri al-Maliki, Prime Minister of Iraq, attended the U.S.-Iraq Business and Investment Conference, the first trade event under the new Strategic Framework Agreement. The event included panel discussions on doing business in Iraq and speeches by Sec. of State Hillary Clinton and Nat’l Security Advisor Gen. James Jones.
http://www.c-span.org/Watch/Media/2009/10/20/HP/A/24472/USIraq+Business+and+Investment+Conference.aspx
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.
http://www.cnbc.com/id/15840232?video=1301855841&play=1
Iraq: the upcoming "goldmine" for Wall Street investors?
http://www.huliq.com/8684/87817/iraq-upcoming-goldmine-wall-street-investors
U.S.-Iraq Business and Investment Conference
http://www.trade.gov/iraq/IraqInvest/
Army aims to stop flow of paper money to Iraq, Afghanistan
http://www.army.mil/-news/2009/08/25/26568-army-aims-to-stop-flow-of-paper-money-to-iraq-afghanistan/
iraq – report on relevant resolutions
resolution 1859 (2008) of 22 december 2008
para. 5:
decides to review resolutions pertaining specifically to iraq, beginning with the adoption of resolution 661 (1990), and in that regard, requests the secretary-general to report, after consultations with iraq, on facts relevant to consideration by the security council of actions necessary for iraq to achieve international standing equal to that which it held prior to the adoption of such resolutions.
the report of the secretary-general dated 27 july 2009 (s/2009/385) is before the security council.
http://www.un.org/docs/sc/forecast.pdf
USD/IQD Technical Studies
http://www.forexpros.com/currencies/usd-iqd-technical
Central Bank of Iraq announced its decision not to delete the zeros Iraqi currency
Party of Massoud Barzani said that Iraq's central bank governor told them that the Iraqi currency will change to add to the Kurdish language
And the dissemination of the Kurdish news media today and said that according to the constitution, Iraq's two official languages of Arabic and Kurdish
The media said Di Walker
Central Bank of Iraq announced its decision not to delete the zeros Iraqi currency, and instead it will be a change in the Iraqi dinar currency to the new format and the use of hit-friendly language and Arab money.
A statement issued by the Central Bank had been discussed the deletion of zeros from Iraqi dinar Iraqi bank, but that the latter was reached to change the resolution and to keep the Iraqi dinar zeros.
In another section of the statement indicated that the deletion of zeros instead of the Iraqi money, the money will be the work of another.
The statement also "the use of both languages will be hit-friendly and Arabic in the new edition of the Iraqi money
http://www.iraq-ina.com/
No hints over Iraqi currency changes
Saturday, August 15th 2009 1:00 PM
No hints over Iraqi currency changes
Kirkuk, 15 August (AKnews) – Iraqi parliament announced that it has not received any law to change the Iraqi currency.
It is hard now to change the Iraqi currency and incorporate Kurdish lanaguge on the news currency as there is no law mentioning that, lawmaker Ismaeil Shukir said.
It is true that the Iraqi constitution identifies Kurdish and Arabic as two formal languages as both are appeared on the new Iraqi passport, Shukir said.
During the Iraqi governing council in late 2003, the Iraqi currency changed under the rule of the US governor to Iraq Paul Bremer.
gs AKnews
http://www.aknews.com/en/aknews/2/62997/
U.S. SUPPORT FOR KUWAIT'S SECURITY AND TERRITORIAL INTEGRITY "REMAINS UNCHANGED"
WASHINGTON: On the eve of the planned session of U.N. Security Council, a State Department official affirmed that the U.S. support for Kuwait''s "security and territorial integrity remains unchanged." The Security Council is set to discuss on Friday the sanctions imposed on Iraq after Saddam Hussein''s invasion of Kuwait.
The American official, who requested anonymity, told KUNA that his country "appreciates the role that Kuwait has long played in efforts to bring stability to the region." U.S.ـKuwait relations remain "broad and deep and anchored in our shared commitment to stability and prosperity in the region and beyond," the U.S. official affirmed. He added that his country also supports "Iraq''s goal of ending Chapter VII resolutions and we are working to help Iraq to take the necessary steps to that end." He also voiced belief that; "this will advance the security of the entire region." "We encourage continued discussions between the governments of Iraq and Kuwait on this and other issues," the official source stressed. The source welcomed, in particular, Kuwait''s dispatch of an ambassador to Baghdad "to facilitate this dialogue."
Earlier, Foreign Minister Sheikh Dr. Mohammed Sabah AlـSalem AlـSabah said; "We are ready to meet with our Iraqi brothers under the U.N. umbrella, as called upon by the Secretary General to discuss, expedite and facilitate Iraq''s implementation of the international resolutions, which would speed up Iraq''s exit of Chapter VII."
Sheikh Dr. Mohammed has also affirmed: "We want to help and cooperate with Iraq in this matter and we have agreed to hold several meetings under the U.N. umbrella to help Iraq implement those commitments."
At the U.N. Headquarters, diplomatic sources say the council might be moving right now to lift the sanctions while expecting Iraq to sign international norms concerning its weapons of mass destruction. ـAgencies
Last updated on Thursday 6/8/2009
http://alwatandaily.alwatan.com.kw/Default.aspx?MgDid=783376&pageId=471
Company (Visa Inc.) global expansion of its operations in Iraq
http://translate.google.com/translate?hl=en&ie=UTF8&sl=ar&tl=en&u=http://www.radiodijla.com/cgi-bin/news/news_item.pl%3Fid%3D2009-08-02%252015:08:15&rurl=www.google.com
A different Iraq oil law approved
Council of Ministers end-around feuding factions – for now – and move to restart the national oil company with support of key political blocks.
Submitted by Ben Lando on Friday, 31 July 2009
By BEN LANDO, NIZAR LATIF and EMAN HAMED
Iraq Oil Report
BAGHDAD – Forget the oil law. Forget revenue sharing. It all comes down to getting the oil out of the ground, into the refineries or export pipelines.
This is done by Iraq’s state-owned oil companies, for now operating as subsections of the Oil Ministry.
But a law just approved by the Council of Ministers and sent to Parliament would remove at least one pair of the handcuffs of Saddam Hussein’s power grip on the oil sector and free the state companies from politics, to focus on the task at hand: developing the world’s third largest oil reserves into the powerhouse it should be.
“The objective of the establishment of this company is to increase oil production and development of oil fields, discovered and undiscovered,” said Abdul-Hadi al-Hassani, deputy chairman of the Parliament’s Oil, Gas & Natural Resources Committee and a member of Prime Minister Nouri al-Maliki’s Dawa Party “This law will refresh Iraq’s oil economy and make it strong.”
He said the committee will start debate following the Ramadan vacation, which ends around Sept. 20.
“In many ways it is a vital instrument,” said Tariq Shafiq, the founding executive director of the original Iraqi National Oil Co. in 1964. “To have an INOC charter enacted is a step forward,” he said, though worried of its financial and political independence.
http://www.iraqoilreport.com/the-biz/a-different-iraq-oil-law-approved-2050/
http://74.125.155.132/translate_c?hl...VxVq6O6iyEfJtw
Kuwaiti Foreign Minister: Ki-moon's report on Iraq and Kuwait, a genuine desire to cooperate
Kuwait's policy in Iraq
30/07/2009 Thursday, 08 - e -1430 Sha'baan
Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah, Deputy Prime Minister and Foreign Minister of Kuwait report Ban Ki-moon, Secretary General of the United Nations to the Security Council and the review of the decisions on Iraq as "positive."
The Sheikh Mohammed after a meeting to Ki-moon at the headquarters of the International Organization for the trust to guide the United Nations in this matter and for the "Kuwaiti real desire" to cooperate with Iraq in the urgency of the implementation of the remainder of those decisions.
He said it raised "some of the issues that we have observations in this report," adding that the report was positive and the monitoring of the realities on the ground, particularly the key themes highlighted by a responsibility that Iraq fully implement all relevant resolutions on Iraq and to work actively on the way implementation of these decisions.
He said he emphasized in his meeting with Secretary-General on the theme of "a high priority for us in Kuwait," which is the subject of borders and the resolution 833 and the removal of encroachment on the border indicating that "there are reactions from the" Iraqi brothers who have read it from being attacked and I did not say there are attacks on the abuses the existence of border facilities on the Kuwaiti border - Iraq must be removed. "
"There are Iraqi promise to remove such encroachment and the border," the secretary-general pointed out that Iraq has to remove such encroachment so that the UN team of border signs in the maintenance and finish on this subject and this point is very positive. "
Shaikh Mohammed added that Ki-moon called for a creative ideas on how to deal with the remainder of the compensation to Kuwait, saying that "Kuwait has ideas and is ready to sit down with Iraq under the umbrella of the United Nations to discuss this matter."
"So I went to reassuring the United Nations in this matter and hope to God Almighty to complete the remainder of the implementation of these decisions as soon as possible and there is a Kuwaiti real desire to cooperate with Iraq in the urgency of the implementation of these resolutions."
He said there are many decisions concerning Iraq have nothing to do with Kuwait and the "wish to return Iraq as soon as possible and put the whole of the international community and be a contributing factor to security and stability in the region."
Editor: AlMarsad
Liberalization: AlMarsad / 2009-07-30
UN Chief Readies Report on Iraq Sanctions
Friday, July 24, 2009
Summary
UN Secretary-General Ban Ki-Moon has finally wrapped up the world body's long-awaited report on Iraq, a UN official tells International Oil Daily. Security Council members will use the report as a basis for deciding whether to lift UN sanctions imposed against the country after its invasion of Kuwait in 1990 that force Iraq to pay some of its oil revenues in reparations, most to Kuwait.http://www.energyintel.com/DocumentD...lication_id=3
FOX News Ticker > Iraq's Foreign Min. says his country will soon be released from ALL previous UN resolutions and sanctions against it... Iraq has been under 73 UN Sanctions since 1990... Foreign Min. Hoshyar Zebari arrived in DC Mon. directly after consultations at the UN, and ahead of PM NuriAl-Maliki's meeting with Pres. Obama at the White House Thurs
RV SOON!
http://209.85.225.132/translate_c?hl...nG3Fu2l8EfLgZw
7/16/2009 7:34:16 AM
Source of investment: McCain intends to invest in Iraq
Anti-visual Basra
A single Iraqi investors that he had received offers from a number of companies and laboratories for the former candidate for president of competing U.S. and current U.S. President Barack Obama to participate in the investment in Iraq.
The investor, who asked not to be named in a statement with regard to the (Media Center of the communication) that there is a tendency to export to Iraq of the carpet production plants and companies owned by former U.S. candidate John McCain and the possibility of establishing a similar plant in Iraq.
The source explained that "the plant is able to provide the huge carpeted Iraq in general, and can achieve self-sufficiency in this regard, a first-class and ensuring that almost thirty years.
The source added that these companies wish to invest in Iraq and began to bid actively for a number of diverse projects in Basra province, which is currently considering plans to go to the field of investment in Iraq.
It should be noted that John McCain is one of the wealthy in America, where he said in a previous statements remembered the number of non-owned houses, a family of military and former military pilot, was involved and the families of the war in Vietnam in 1967 during the fall after McCain and his running for the U.S. presidency in 2008 the failure of the Republican Party and Barack Obama to his current President of the United States of America.
Emerging-Market Debt Gains to ‘Slow,’ JPMorgan Says
http://www.bloomberg.com/apps/news?pid=20601086&sid=ahZ69qZjsEJM
Peru Cut, Iraq Raised
JPMorgan cut Peru to “market-weight” from “overweight” on growth risks and rising political uncertainty and lowered El Salvador to “underweight” from “market-weight” on a slump in remittances from Salvadorans working abroad. The bank upgraded Iraq to “market-weight” from “underweight,” citing “notable improvements in the security situation.”
On foreign exchange rates, JPMorgan said “most emerging market currencies are now at close to fair value with only the Mexican peso and the Hungarian Forint remaining cheap.”
UN population agency and Iraq partner to boost development
Source: United Nations News Service
Date: 09 Jul 2009
The United Nations Population Fund (UNFPA) and the Iraqi Government have agreed to step up their collaboration in promoting national development in the strife-torn nation.
Earlier this week, top UNFPA officials wrapped up talks in the capital, Baghdad, with their Iraqi counterparts, including the Minister of Planning and Development Cooperation, the head of the Iraqi Prime Minister's Advisory Council, and representatives from the ministries of youth, heath, civil society and environment.
The meetings, also attended by 10 parliamentarians from seven governorates, focused on UNFPA's support of government programmes, including through providing technical support for this year's population and housing census.
Participants also discussed Iraq's reproductive health, gender, youth and population development needs in line with the country's 2010-2014 development plan.
http://www.reliefweb.int/rw/rwb.nsf/db900SID/EGUA-7TSS8X?OpenDocument
Iraqi Prime Minister to visit US
PUKmedia 05-07-2009 16:53:19
Iraqi Prime Minister Nuri al-Maliki will visit the US in two weeks, Baghdad's official al-Iraqia television station reported Sunday.
The prime minister will meet with US President Barack Obama and UN Secretary-General Ban Ki-moon in a visit scheduled to begin July 21, the report said.
US Vice President Joe Biden visited Iraq last week, following the scheduled withdrawal of US troops from Iraqi towns and cities.
http://pukmedia.com/english/index.php?option=com_content&task=view&id=11981&Itemid=53
--------------------------------------------------------------------------------
http://www.kuna.net.kw/NewsAgenciesP...16&Language=en
Ban''s report on Iraqi attempt to come out from under Chapter 7 expected in mid-July- UNSC President
Politics 7/2/2009 10:28:00 PM
UNSC President UNITED NATIONS, July 2 (KUNA) - The President of the Security Council Ruhakana Rugunda of Uganda on Thursday said Secretary-General Ban Ki-moon's report on Iraq's attempt to come out from under Chapter 7 of the UN Charter is expected to be issued by July 15.
Rugunda told a press conference on the council's programme of work during the month of July and in answer to a question by KUNA that he was told that the report would be issued by that date.
He added, however, that the council has not set a date to discuss that report but has put the issue in the footnote of its provisional schedule.
Asked what his opinion was about Iraq's attempt, he said "I think we should wait for this report, then we'll be in a better position to answer you." A UN official told KUNA that Ban needs more time to put the report together as he continues consultations with the Iraqi government, in accordance with council resolution 1859, and other interested parties inside and outside the council.
The report was originally scheduled to be issued in late June.
Reuters
RPT-FEATURE-Banking on security in Baghdad
06.29.09, 03:04 AM EDT
IRAQ/BANKS (BUSINESS FEATURE, PIX, TV):RPT-FEATURE-Banking on security in Baghdad
http://www.forbes.com/feeds/reuters/2009/06/29/2009-06-29T070415Z_01_LJ500017_RTRIDST_0_IRAQ-BANKS-BUSINESS-FEATURE-PIX-TV.html
Iraqi launches nation's first e-shopping site
http://in.reuters.com/article/technologyNews/idINIndia-40464120090619
Baghdad handover ceremony
A handover ceremony is held in Baghdad ahead of the deadline for U.S. troops to pull out of Iraqi towns and cities.
http://edition.cnn.com/video/#/video/world/2009/06/29/vo.iraq.handover.ceremony.cnn
CBI dollar sales see dramatic downturn
June 28, 2009 - 11:45:15
BAGHDAD / Aswat al-Iraq: Demand for the dollar plunged dramatically in the Central Bank of Iraq (CBI) auction on Sunday, coming down to $70 million compared to $152.680 million in the previous session.
“The demand hit $4 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $66.100 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.
None of the eight banks that participated in today’s session offered to sell dollars.
The Central Bank of Iraq runs a daily auction from Sunday to Thursday
Investing in Iraq
Airtime: Tues. Jun. 23 2009 | 2:40 PM ET
A look at another frontier market that is now open up for investors, with David Grayson, Grayson Auerbach managing director/co-founder.
http://www.cnbc.com/id/15840232?video=1161651312&play=1
Donald Trump has been rumored to have invested aggressively in the new Iraqi currency
Investors are purchasing Iraqi Dinar because Iraq continues to stabilize and has significant wealth as the second largest oil reserve holder in the world with reserves worth over $10 trillion at the current market value. This combined with an all-time low price of the dinar (see Iraqi Dinar history) is driving sophisticated investors into diversifying their investment portfolios and investing Dinar. Donald Trump has been rumored to have invested aggressively in the new Iraqi currency (Boston magazine, October 2006). As of today the internal exchange rate is 1,169.00 Iraqi Dinars = 1 USD or 1 Iraqi Dinar = 0.000855 USD. Since the creation of the new Iraq Dinar, in October 2003, the international demand for the new currency has steadily increased.
http://www.prweb.com/releases/2009/06/prweb2575104.htm
DinarBanker.com Reaches One Hundred Billionth Dinar Sold Milestone
http://www.prweb.com/releases/2009/06/prweb2575104.htm
Inflation rate down by 1.2 % in May- COSIT
June 21, 2009 - 08:41:23
BAGHDAD / Aswat al-Iraq: Iraq’s inflation rate fell by 1.2 percent in May 2009 compared to the previous month, according to the Central Organization for Statistics and Information Technology (COSIT).
“The results showed a 1.2 percent decrease in the inflation rate for May 2009, which it linked to a reduction in the consumer price index (CPI),” according to a statement received by Aswat al-Iraq news agency.
Prices of foodstuffs, furniture, fuel and lighting, transport services, which form 73.3 percent of household expenditure, have decreased by 3.5, 1.0, 0.7, and 3.2 percent respectively, the report indicated.
Meanwhile, prices of tobacco and beverages; apparel, cloth and footwear; medicines and medical services; and other services, which form only 15.2 percent of household expenditure, have increased by 1.1, 1.6, 0.5 and 0.2 percent respectively, the report explained.
The report also showed a 5.6 percent drop in the annual inflation rate in the period May 2008- May 2009.
The COSIT, affiliated with the Iraqi Ministry of Planning and Development Cooperation, produces a monthly report on inflation in Iraq, which is based on field data of retail prices for products and services in Iraqi markets.
http://en.aswataliraq.info/?p=114941
summary of the activity of electronic trading, shares of money market securities / Report
Conscious / Baghdad /
21/6/2009 21/6/2009 3:42pm 3:42 pm
Iraq has seen a market for the Stock Exchange launched electronic trading in the shares of today's meeting (7) the contribution of new companies within the electronic trading
The economic source of the reporter (and the Iraqi News Agency Information / INA) that "the companies that entered circulation in today's meeting are (days of the financial investment, and Mansur Industries pharmaceutical and modern tailoring, the insurance, the secretary of real estate investments, the tent of the financial investment, industries, mineral and bicycles) , adding that he "continues to receive the status of the filing of deposits by the shareholders Bringing the number of listed companies in the electronic trading (14) companies were traded shares (5) of the joint stock companies (14) listed companies
Are (Warka Bank and the Bank of the Middle East, Commercial Bank and Al-Mansour hotel, hotels Ishtar) Where there are still two-Mansour Bank and the Bank of the UNESCO's non-trading bodies for the annual general
It is scheduled to launch electronic trading on the (3) the contribution of new firms (the city and the Iraqi Karkh Games for the production and marketing of agricultural products of Fallujah for the production of construction materials), as from the subsequent meeting Only then will the number of companies that are traded electronically (17) company has been trading (7) companies. Exceeded the number of shares traded at today's meeting (179) million shares and trading volume has exceeded (316) million through the implementation of (109) Hall of contract.
The total number of shares traded at today's meeting of the banking sector (178) million shares a value of (291) million dinars have been achieved through the implementation of (102) held the circulation, while the number of shares traded for the hotel sector (760) thousand shares a value of (24) million achieved through the implementation of (7) contracts traded.
The source said, "These contracts were carried out by (22) is a brokerage firm (Alcassap and Iraq, the Tigris and the life and Ahli United The jewel, loyalty, and the spring, and the Atlas and Caramel, Dar es Salaam, the United Company, and the example of Babel and Kurdistan and shoots good win in the international and the United Altmim, blessings and fruiting and Warkaa).
The stock closed trading at today's meeting at the Bank of the Middle East share price dinars per share for the governor to shut down in the previous session and closed at the rate of Warka Bank (1,380) dinars per share was up (2.2%) on the closure of the previous meeting (1,350) dinars per share and finally the rate of commercial bank dinars per share was up (2.2%) on the closure of the previous meeting (1,350) dinars per share.