Highlights/Thoughts
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1. A member of the Finance Committee promised to reach a satisfactory outcome on the budget
2. An MP for the National Alliance said that the House will read the budget for a second time, debate it, and then vote
3. The Kurds still oppose the budget
Another article saying they will read the budget for the 2nd time
Tuesday, February 1, 2011
2-1-11 Parliamentary source: the Finance Committee to postpone its meeting tomorrow to attend and could not be Ziralzraap
Highlights/Thoughts
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1. A member of the Finance Committee confirmed that the committee postponed its meeting until tomorrow
2. A member of the Finance Committee from the Kurdish blocs said that they discussed the redeployment of some of the money without it impacting the 2011 budget
3. The Finance Committee will be giving special priority to the Minister of Water Resources and the Minister of Agriculture. They want to ensure they allocated enough money to these ministries
4. The Commission will balance complete the work on the budget in 2 days and will give it the government. Then, it will be returned to the House for a vote
Note: I've seen articles where they have said they will vote on the budget today. Clearly this cannot happen if the budget is still being worked on, which this article suggests it is. There is also the question of whether they will vote on the budget and finalize it, or whether it simply means they will read it for another time. Vote means vote to me, but if they've redrafted the budget, which yesterday's news said they did, then it must be read 3 times prior to a vote. Yet, we keep seeing that word "vote". Strange.
Click on the title of this posting to get the details of this article
1. A member of the Finance Committee confirmed that the committee postponed its meeting until tomorrow
2. A member of the Finance Committee from the Kurdish blocs said that they discussed the redeployment of some of the money without it impacting the 2011 budget
3. The Finance Committee will be giving special priority to the Minister of Water Resources and the Minister of Agriculture. They want to ensure they allocated enough money to these ministries
4. The Commission will balance complete the work on the budget in 2 days and will give it the government. Then, it will be returned to the House for a vote
Note: I've seen articles where they have said they will vote on the budget today. Clearly this cannot happen if the budget is still being worked on, which this article suggests it is. There is also the question of whether they will vote on the budget and finalize it, or whether it simply means they will read it for another time. Vote means vote to me, but if they've redrafted the budget, which yesterday's news said they did, then it must be read 3 times prior to a vote. Yet, we keep seeing that word "vote". Strange.
2-1-11 Independent bodies first public confrontation between the parliament and the government
Highlights/Thoughts
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1. The House discussed the Federal Court ruling today
2. Maliki pre-empted the Parliament session by meeting with the independent bodies prior to this meeting
3. Maliki said he didn't want to influence the independent bodies and said that he wanted Parliament to provide legislative support to preserve the interest of the State
4. Maliki stressed the ruling is final
5. Observers found that Maliki asked the Supreme Judiciary Council to nominate three judges and to choose one of them as the Chairman of the Integrity. This is the beginning of an attempt to change the directors of those bodies and an attempt to link this change to the report of the Commission on the most corrupt institutions in 2010
6. Maliki also tried to collect the opinion of members of the National Alliance to support the court ruling, but there were some members who rejected the ruling
7. The Kurdistan Alliance rejects the ruling, which means there is a new crisis
Click on the title of this posting to get the details of this article
1. The House discussed the Federal Court ruling today
2. Maliki pre-empted the Parliament session by meeting with the independent bodies prior to this meeting
3. Maliki said he didn't want to influence the independent bodies and said that he wanted Parliament to provide legislative support to preserve the interest of the State
4. Maliki stressed the ruling is final
5. Observers found that Maliki asked the Supreme Judiciary Council to nominate three judges and to choose one of them as the Chairman of the Integrity. This is the beginning of an attempt to change the directors of those bodies and an attempt to link this change to the report of the Commission on the most corrupt institutions in 2010
6. Maliki also tried to collect the opinion of members of the National Alliance to support the court ruling, but there were some members who rejected the ruling
7. The Kurdistan Alliance rejects the ruling, which means there is a new crisis
2-1-11 Maliki vows Iraqi bank and election body independence
Highlights/Thoughts
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1. Maliki assured the independent bodies that the ruling of the federal court will not strip the independent bodies of their independence in any way as long as they abide by their governing laws
2. The article said that Maliki requested a court ruling on the matter just before he was reappointed prime minister
3. Maliki said, "The day will not come when we tell the central bank we want to use any part of the bank's reserves for the state's budget"
4. Maliki said that the cabinet could only intervene in the work of the independent bodies if they violated the laws governing their roles
5. Maliki warned the court ruling is not reversible
It is interesting to note that this is at least the 2nd time I've heard that Maliki initiating the request to the federal courts on this ruling. The first article I read said he did that back in December, which is consistent with this article. However, Delta mentioned yesterday that Iraq TV is saying Maliki says he did not prompt the federal court on this. He said they did this on their own.
Click on the title of this posting to get the details of this article
1. Maliki assured the independent bodies that the ruling of the federal court will not strip the independent bodies of their independence in any way as long as they abide by their governing laws
2. The article said that Maliki requested a court ruling on the matter just before he was reappointed prime minister
3. Maliki said, "The day will not come when we tell the central bank we want to use any part of the bank's reserves for the state's budget"
4. Maliki said that the cabinet could only intervene in the work of the independent bodies if they violated the laws governing their roles
5. Maliki warned the court ruling is not reversible
It is interesting to note that this is at least the 2nd time I've heard that Maliki initiating the request to the federal courts on this ruling. The first article I read said he did that back in December, which is consistent with this article. However, Delta mentioned yesterday that Iraq TV is saying Maliki says he did not prompt the federal court on this. He said they did this on their own.
2-1-11 27 Parliament Convenes to Discuss Linking Independent Bodies Headed by the Prime Minister
Highlights/Thoughts
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1. Parliament met today to discuss the Federal Court ruling on the independent bodies
Click on the title of this posting to get the details of this article
1. Parliament met today to discuss the Federal Court ruling on the independent bodies
2-1-11 Yumper post from yesterday
Highlights/Thoughts
Click on the title of this posting to get the details of this post on DD
1. A Dinar investor recently went to the TravelEx office and asked the teller how she was doing
2. She immediately responded saying they just had a meeting on the Dinar!
3. She could not say more
4. Another investor went to Wells Fargo several weeks ago to open an account for his pending Dinar exchange funds
5. The person received a call from Wells Fargo's private investor representative. He was bending over backwards to get the person to come in and discuss options for investing his future funds
Click on the title of this posting to get the details of this post on DD
1. A Dinar investor recently went to the TravelEx office and asked the teller how she was doing
2. She immediately responded saying they just had a meeting on the Dinar!
3. She could not say more
4. Another investor went to Wells Fargo several weeks ago to open an account for his pending Dinar exchange funds
5. The person received a call from Wells Fargo's private investor representative. He was bending over backwards to get the person to come in and discuss options for investing his future funds
2-1-11 CBI auction results
Currency Auctions
Announcement No. (1826)
The latest daily currency auction was held in the Central Bank of Iraq on the 1-Feb-2011. The results were as follows:| Details | Notes |
| Number of banks | 15 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | ----- |
| Amount sold at auction price (US$) | 73,750,000 |
| Amount purchased at Auction price (US$) | ----- |
| Total offers for buying (US$) | 73,750,000 |
| Total offers for selling (US$) | ----- |
Dollar's exchange rates / in Baghdad markets
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