Highlights/Thoughts
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1. There are plans for construction of a new Central Bank of Iraq building in Jadriya.
2. The new building will be as large as the European Bank building.
3. New Central Bank of Iraq building will consist of 37 floors, take up to 3 yrs to build and with costs ranging up to $500 million.
Sunday, January 30, 2011
1-30-11 Parliament Tuesday hosts a number of heads of independent bodies to discuss the decision
Highlights/Thoughts
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1. The House of Representatives will be hosting a meeting on Tuesday to discuss the Federal Courts decision.
2. The Council has call on the leaders of Baghdad, Diyala, the Middle Euphrates, and Salah al-Din to meet with the Security and Defense Committee within two weeks to provide a detailed report and reasons for recurrence of security incidents.
Click on the title of this posting to get to the details of this article
1. The House of Representatives will be hosting a meeting on Tuesday to discuss the Federal Courts decision.
2. The Council has call on the leaders of Baghdad, Diyala, the Middle Euphrates, and Salah al-Din to meet with the Security and Defense Committee within two weeks to provide a detailed report and reasons for recurrence of security incidents.
1-30-11 Source: National Alliance will hold a meeting this evening to discuss the linking of independent bodies the Council of Ministers
Highlights/Thoughts
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1. National Alliance will be meeting this evening to discuss the ruling of the Federal Court on the independent bodies
2. The meeting will include Maliki and the entire leadership of the alliance
Click on the title of this posting to get to the details of this article
1. National Alliance will be meeting this evening to discuss the ruling of the Federal Court on the independent bodies
2. The meeting will include Maliki and the entire leadership of the alliance
1-30-11 Najaf declared Wednesday a public holiday on the occasion of the death of the Prophet and education half-year exams postponed
Highlights/Thoughts
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1. The Board of Najaf province declared Wednesday a public holiday on the occasion of the death of the Prophet Mohammad
2. This will affect all government institutions
Click on the title of this posting to get to the details of this article
1. The Board of Najaf province declared Wednesday a public holiday on the occasion of the death of the Prophet Mohammad
2. This will affect all government institutions
1-30-11 Central Bank warns the real dangers awaiting the Iraqi money internationally
Highlights/Thoughts
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1. Saleh said that the danger lies in the expiration of international protection (DFI) on June 30th of this year
2. He said they must try to protect the $50 billion in reserves
3. He also said the money in the reserves is not government money. It is there to cover the dinar
4. Saleh said that if the money were to belong to the federal government, then it would fall risk to creditors
5. The text in the constitution passed in 2005 states that the CBI is accountable to the House
6. The article stated that in the opinion of several quarters, the move was a reflection of Maliki's desire to take control of the independent bodies. However, Maliki did not pay attention to the downside risks
The CBI is mainly concerned about how they will protect the money in the reserves after June 30th, when the Development Fund for Iraq expires. As many articles have stated, foreign creditors could take their reserve fund via lawsuits.
Click on the title of this posting to get to the details of this article
1. Saleh said that the danger lies in the expiration of international protection (DFI) on June 30th of this year
2. He said they must try to protect the $50 billion in reserves
3. He also said the money in the reserves is not government money. It is there to cover the dinar
4. Saleh said that if the money were to belong to the federal government, then it would fall risk to creditors
5. The text in the constitution passed in 2005 states that the CBI is accountable to the House
6. The article stated that in the opinion of several quarters, the move was a reflection of Maliki's desire to take control of the independent bodies. However, Maliki did not pay attention to the downside risks
The CBI is mainly concerned about how they will protect the money in the reserves after June 30th, when the Development Fund for Iraq expires. As many articles have stated, foreign creditors could take their reserve fund via lawsuits.
1-30-11 AP: Iraqis watch Egypt unrest with sense of irony
Highlights/Thoughts
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1. Iraqi's, who are living in similar conditions to the Egyptians, called on their own government to take notice
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1. Iraqi's, who are living in similar conditions to the Egyptians, called on their own government to take notice
1-30-11 Diplomatic Ties With Kuwait Did Not Succeed in Reducing Debt
Highlights/Thoughts
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1. A member of the Iraq Alliance said that diplomatic ties between Kuwait and Iraq failed to reduce the compensation provided to Kuwait
Remember, the UN said that Iraq and Kuwait must come to agreements on the Kuwait compensation issue before Iraq can fully get out of Chapter 7. I also read an posting (rumor) where someone giving a speech told a student that Iraq is already fully out of Chapter 7. So, this may be a mute point.
Related article discussing $21 bil owed to Kuwait and outstanding issues
Rumor regarding Chapter 7 being lifted
Click on the title of this posting to get to the details of this article
1. A member of the Iraq Alliance said that diplomatic ties between Kuwait and Iraq failed to reduce the compensation provided to Kuwait
Remember, the UN said that Iraq and Kuwait must come to agreements on the Kuwait compensation issue before Iraq can fully get out of Chapter 7. I also read an posting (rumor) where someone giving a speech told a student that Iraq is already fully out of Chapter 7. So, this may be a mute point.
Related article discussing $21 bil owed to Kuwait and outstanding issues
Rumor regarding Chapter 7 being lifted
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