Asia Currencies Rise This Week as U.S. Recovery May Spur Exports

Asian currencies were set for a weekly gain, led by Taiwan’s dollar and the Malaysian ringgit, as upbeat U.S. economic data brightened the outlook for regional exports and prompted investors to favor riskier assets.

Home sales in the world’s biggest economy were the highest in almost two years in March, according to a report yesterday, and Federal Reserve Chairman Ben S. Bernanke said April 25 the central bank was prepared to add more stimulus if needed. South Korea’s gross domestic product increased in the first quarter at the fastest pace in a year and the nation’s current-account surplus reached a four-month high in March, central bank reports showed yesterday and today.
Taiwan’s dollar strengthened 0.9 percent this week to NT$29.261 versus the greenback as of 10:31 a.m. in Taipei, its best performance in almost three months, according to data compiled by Bloomberg. The ringgit advanced 0.5 percent to 3.0490 and South Korea’s won appreciated 0.5 percent to 1,134.40.
“It looks like the U.S. economy is recovering; that boosts optimism in the market,” said Samson Tu, a Taipei-based fund manager at Uni-President Assets Management Corp., who helps oversee $1.6 billion of fixed-income securities. “The flows into emerging sovereign bonds have been very active lately.”
Funds focused on emerging-market bonds attracted $14.4 billion in the first quarter of this year, compared with $1.9 billion in the year-earlier period, according to data from U.S. research company EPFR Global.

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Chapter VII release brings foreign investment and will raise value of currency : opinion

Commentary: This is an economists opinion from December 2010. The topic becomes very interesting as the likelihood of a Chapter VII lift is becoming favorable this coming June.
For economic (Citizen) finished seventh item and the arrival of investment lift the value of the currency
The economist said Issam Mahouelle to pay Iraq’s economy depends on two cases are the seventh item and investment.

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UN pays out another $1 billion from Iraqi oil fund

GENEVA –  A United Nations panel has approved another $1 billion in compensation for victims of Iraq's 1990 invasion of Kuwait.
The U.N. Compensation Commission said in a statement that the money will go to four companies and two government, or international, bodies. It did not disclose their identities Thursday, but said all are in Kuwait.
The commission has so far paid out $36.4 billion for governments and international organizations to distribute among 1.5 million claimants.
A further $16 billion is earmarked for unidentified claimants in Kuwait.
Until the U.S.-led 2003 invasion of Iraq, the commission received 25 percent of the proceeds of Iraq's oil sales to compensate for losses and damage suffered by Iraq's 1990 invasion.
After the invasion of Iraq, that cut was reduced to 5 percent.

Read more: http://www.foxnews.com/world/2012/04/26/un-pays-out-another-1-billion-from-iraqi-oil-fund/#ixzz1t9NgPmBx

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* Iraq in the World Bank meetings in Washington APRIL 25TH, 201209:45AM · POSTED INNEWS (IRAQ & WORLD CURRENCY)

Iraq participates in the joint Spring Meetings of the World Bank and International Monetary Fund, which began Friday in the U.S. capital Washington and continue for three days.

He said Finance Minister Rafie al-Issawi, who heads the Iraqi delegation that Iraq is seeking to benefit from the experiences of the World Bank in the rehabilitation of infrastructure in all areas.

He told reporters on the sidelines of the bank on Friday that a joint committee of the World Bank will visit Iraq soon to discuss ways of cooperation between the two sides and help Iraq to develop an economic policy within the plan of cooperation will last for three years.

The al-Issawi said that he made for meetings with U.S. officials in the Ministries of Foreign Affairs and the Treasury, also met with officials of the Federal Reserve in New York to discuss the possibility of issuing a presidential decree to protect Iraqi funds deposited in U.S. banks for another year

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SPECIAL REVIEW : Million Dollar Pips

The First Real Million Dollar Forex Robot. Uses A Unique Scalping Strategy To Bring In Quick Pips With Literally Less Than 5 Pip Stop Loss! 

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Interview with CBI’s Shabibi: Dropping zeros; Iraq’s reserves $60 billion

Detection of the Iraqi Central Bank Governor Dr Sinan Shabibi, in a dialogue with the «weekly» that the restructuring of the national currency, starting with the deletion of zeros from the dinar, a very important step, because they relate to the direct purchasing power and inflation. The Shabibi that the central bank independent, which is directly responsible for monetary policy, exchange rates and foreign reserves management and the organization of the banking sector. The details of the interview:

Question: Iraqi Council of Ministers decision, addressed to the Iraqi Central Bank monetary policy adopted to refer to the government for approval and approval, the banking sector has raised concerns the likelihood of government intervention in its affairs. What is your comment on this?

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