President calls for a national meeting on the fifth of April next

25 March, 2012

Announced by President Jalal Talabani on Sunday, from calling for a national meeting on the fifth of April next, calling the Preparatory Committee charged with preparing for the meeting to expedite the completion of its business and the creation of the work program before the date of the meeting.
The presidential statement, received Fayhaa copy of it, that after conducting the deliberations and extensive consultations with Prime Minister Nuri al-Maliki and Parliament Speaker Osama Najafi and with other leaders and political figures decided to President Jalal Talabani's invitation to hold a national meeting on Thursday, day on the fifth of April 2012, and called Preparatory Committee charged with preparing for the meeting to expedite the completion of its business and the creation of the work program before the date mentioned.
Talabani and wished that culminate in joint efforts to reach comprehensive solutions and adequate to meet the needs and aspirations of the Iraqi people and believes in promoting national harmony and solidarity work of the joint in order to consolidate stability and complete the building of state institutions, service delivery and development.

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Iraq: Economists fear the process of lifting the zeros of the Iraqi currency

25/03/2012 14:01

Baghdad, March 25 / March (Rn) - The number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of foreign equity to 20% after it experienced during the current year 80%.

He said an economist and professor at the University of Mustansiriya Radi al-Husseini, told the Kurdish news agency (Rn) that "the stock of Foreign Affairs of the Stock Exchange will drop to 20% if the Iraqi Central Bank to raise three zeroes from the local currency, because it is not something organizationally, but beyond that where it causes obstruction financial transactions, including block the signing of an agreement with the brokerage firm, in addition to delay the signing of authorization form with the brokerage firm because foreign investors believe that the change of currency will reduce profits. "

"The central bank has to choose the right time to delete the zeros of the local currency in coordination with the Iraqi market for securities to avoid any confusion regarding the lifting of banking transactions."

Authority announced the Iraq Stock Exchange yesterday that the deletion of three zeros from the local currency will not affect the level of equity investment of external and internal.

In turn, the director of the economy and Iraq's oil Abdul Halim Kazem's (Rn) announced today that "the decision of the Central Bank of identifying the first of next year's date for the flow of the new Iraqi dinar is reason to wonder, as he did not use any coordination with the Iraq Stock Exchange regarding the selection of the time to start pumping dinar new. "

He added that "the Iraq Stock Exchange where the shares have risen this year by 85%, which is good, and this increase comes because of the regulatory policy pursued in attracting foreign equity and the development of the banking sector."

He pointed out that "talk that is not true organizational being included in the infrastructure of the financial dealings and particularly the foreign investors and may cause delay in the development of the opening of financial markets in other provinces of Basra and Arbil."

And announced that the Securities Commission for enforcement of stop starting from today until next Thursday in response to the holiday announced by the Iraqi government.

According to Executive Director Abdul Razzaq al-Saadi (Rn) that "the deletion of zeros from the local currency no more than is organizational and it will not affect the level of trading stock investment foreign and domestic," noting that "the continuous coordination with the Central Bank to regulate the process of deleting the zeros and confidence that he will not affect the level of internal and external trading of the shares of stock. "

He pointed out that "the Iraqi market for securities has similar specifications to international standards, which represents investor confidence, which contributes to strengthening the Iraqi market for securities in achieving economic development."

And started the Iraq Stock Exchange initial preparations for membership of the global market, has also announced the initiation of e-filing for companies foreign and domestic investment, rather than filing paperwork.

The Stock Exchange of Iraq has started operation in 2004, and shifted from manual trading to the use of screens handle electronic in 2009 and open for trading two hours a day five days a week, and the banking sector is the largest in the exchange, which also includes the shares of industrial companies and insurance companies, hotels and agricultural companies.

The central bank says it completed a road map to get rid of the three zeroes.

Also announced that the Economic Committee in the Iraqi Parliament, last Thursday, they formed the Central Bank of Iraq with a joint committee to begin the process of deletion of zeros from the local currency.

And stresses the Securities Commission of the government's position to delete the zeros and says that adversely affect the financial trading in the stock market.
It is worth mentioning that the Central Bank of Iraq's four branches in Basra and Sulaymaniyah, Erbil and Mosul, which was established as a bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March / March 2004, which is responsible to maintain price stability and the implementation of monetary policy, including exchange rate policies and management foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

The main tasks of the Central Bank in managing monetary policy in the country and raise the level of the value of Iraqi dinar and tackle inflation.

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Economists: marginalization and under-law made obstacles stagnant private banks

Sun 03/25/2012

Baghdad (news) / report / Qusay Adhami / .. Since the inception of private banks in Iraq, through trying to make it an important element of the national economy and investment, leading to the establishment of more than thirty of them banks, notes involved in the economic survival of stagnant and limited possibilities.
They are still small because of limited capital, which led to the reluctance of some government institutions and alienated them, as indicated by the views of most financial specialists in the matter who spoke (of the Agency news) in this regard.
And attached director Bank of the Middle East Investment Farooq Hamid Zainal Abidin said that some government departments have a reaction of some private banks in the previous period because of some negative points that marred.
The Zine El Abidine (of the Agency news): that the existence of some private banks lagging does not mean the absence of large banks have a civil capital of the large and has a capacity for economic development, and have advanced to the classification of the Central Bank.
The Administrator proposes the Association of Iraqi banks Halawi appearance on the government departments not to boycott the private banks because of bank or two may tarry in their performance, and can negotiate with them and demand guarantees, if necessary.

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Iraqi leaders will meet today to agree on when to hold national meeting

25/03/2012



The Iraqi news agency Independent / listen ... and hold presidents Iraqis of the Republic Jalal Talabani and Minister Nuri al-Maliki and the parliament Osama al meeting on Sunday after meetings marathon took place during the final hours to try to agree on a date for a conference to resolve the political crisis in the country and appearing in front of the summit united.

Talabani said during a meeting with Prime Minister Nuri al-Maliki that the next Arab summit in Baghdad, an important message for the restoration of Iraq's role in the Arab and regional levels. He indicated he would call for the meeting of the three presidencies in order to boot the National Conference to resolve the current political crisis in the country. He added that "the coming Arab summit in Baghdad is an important message for the restoration of the pivotal leadership role and represented Iraq at the Arab level and regional level" .. Stressing "the need to continue to exert all efforts and create the conditions necessary for the success of this conference, which is a historic turning point in enhancing the status of the new Iraq and to embrace all the Arabs." Talabani stressed the need for "the continuation of the meetings of the Preparatory Committee for the national meeting to be held for the preparation of the program and the deadline for the meeting."

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failure to implement the demands of the region and in particular Article (140) will drive us to change the political process may withdraw confidence

Sun 03/25/2012

Arbil (news) .. Warned the MP / Kurdistan Alliance bloc / Burhan Mohammed of the Federal Government not to carry out the demands of the provincial government, especially in relation to Article (140), indicating that the provincial government will take positions that might change the political process and up to withdraw confidence from the al-Maliki.
Mohammed said in a statement to the Agency (news): The Kurdistan Alliance will begin dialogues with the state law on the outstanding problems between the government Alathadahoovernmh the region, calling for political blocs away from the hot rhetoric and rigid.
He added that the statements "rigid and hot" between the political blocs and especially between the Kurdistan Alliance and the rule of law does not serve the political process and do not serve the unity of Iraq, but creates new problems and crises.
He said the Attorney for the Kurdistan Alliance bloc to: The Government of the Territory will take serious steps and positions of critical, especially as regards the application of the Constitution and the rights of Kurds to Article (140) as it did not respond to the federal government to the demands of the Kurdistan Alliance, we will take new positions may change the political process or to withdraw confidence from Maliki's government, indicating that the position of the Kurds will be from the government and Prime Minister Nuri al-Maliki and from all the political blocs.
The Muhammad: the hope that things are not up to the Government of the Territory to take a stand to change the political process may be up to the withdrawal of confidence in the Maliki government, demanding that Prime Minister Nuri al-Maliki take responsibility as prime minister and the settlement of all disputes.
The head of the Kurdistan region, Massoud Barzani, has warned to go Iraq for a disaster because of the dominance, "a group" on the government in Baghdad, saying: How can it be a one person army of two and a leading five positions or more, referring to Nuri al-Maliki, the prime minister, declaring decoder for the alliance with a coalition of state law and keep the rest of the alliance with the Shiite political components.
Barzani said in a speech on the occasion of Nowruz Event: The Iraq is living today in a crisis serious and dangerous, and is heading toward the abyss as it stays like this for what it is, calling on all political leaders in Baghdad to hold an urgent meeting to resolve the crisis according to what has been agreed upon.
He announced Barzani: for continuing alliance with the Shiite forces except (a coalition of state law), and said: We reaffirm the commitment Bthalphena with our fellow Shiites, but not with this class that monopolized all aspects of power do not count for others any account can not be an alliance with it, and I am sure that the Shiites are Not satisfied with this situation by the Kurds, Sunnis, and that the strategic alliance, with the wise and the chest, they stood with us as we stood on their side. / End / 24. for. m /

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Deputy for the rule of law: a meeting of the three presidencies will address internal and external situation of the country

Sun 03/25/2012

Baghdad (news) .. A member of the State of Law Coalition MP / National Alliance / Ammar Al-Shibli, the meeting of the three presidencies will address internal and external situation of the country.
He said al-Shibli said in a statement (of the Agency news) on Sunday: that the meeting of the three presidencies, which will include President and Chairman of the Arab summit Jalal Talabani and Nouri al-Maliki, the prime minister and head of the Iraqi delegation at the summit, and Osama al-Chairman of the Board of Representatives, in order to unify the speech outside in front of Arab leaders in Summit.
The MP for the National: The meeting will address the situation of the Iraqi Interior, including the failure making statements during the days of the Arab Summit and the sour mood of the country, will also address the topics of Foreign Affairs of the country, as well as the fundamental issues and mechanisms to resolve the crisis, noting that Nujaifi would be representative of the Iraqi meeting , for being the only one of the leaders that remained of the list.
He was President Jalal Talabani, had discussed on Saturday night, in Baghdad, with his deputy Khodair al, the overall political issues in the country and the ongoing preparations to host the Arab summit.
A statement by the Office of Khuzaie received (news): that the meeting included discussed the overall political issues in the country and the ongoing preparations to host the Arab summit Stakad in Baghdad at the end of this week, adding that the two sides discussed the latest developments on the national meeting to be held between the political forces, as was emphasized the need for the success of efforts for reconciliation among the various parties involved in the political process.
The statement said: President Talabani eighth the efforts of Dr. Khuzaie for the success of the meetings of the Preparatory Committee for the meeting of the National, which took place between representatives of the political blocs during the period of his absence, while across the Vice President expressed his happiness and congratulated President Talabani on the success of the tests he underwent. / Finished / 7. N . r /

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Deputy for the National: the three presidencies have the keys to solving the political crisis

Sun 03/25/2012

Baghdad (news) .. A member of the citizen bloc MP / National Alliance / Fatlawi Hassoun, that has the keys of the three presidencies tricks all political differences, because they represent large blocks.
He said Fatlawi (of the Agency news) on Sunday: The President Jalal Talabani and Prime Minister Nuri al-Maliki and Parliament Speaker Osama Najafi, they can resolve the outstanding issues between the political blocs, because they are the leaders of political blocs large in the country, and expected to resolve the political crisis gradually after the Arab summit .
He added that the best solution to the political crisis is giving up the blocks to each other, through ongoing meetings among themselves.
He was a member bloc MP for the Citizen / National Alliance / Terminal Habib, ruled out to see the new alignments of the political process, stressing that the political blocs is counting on the success of the National Congress.
Said terminal (the news): There are no limitations to the differences in terms of legal and constitutional, and political alliances Award at any time, but the political process as a whole is governed by the so-called national partnership and no one can deny the partnership because they exist at the operational level and legislation.
He explained: It is difficult to form new alliances for the time being the fact that everyone shared in the government and parliament, although there are problems dominated the political scene, following up, we are in front of a large contract maturity of the Arab Summit to be imposed on politicians to postpone the problems.
He called for the National Alliance: political blocs to resolve problems through dialogue and mutual trust between the politicians and thus Lafraqa fade problems. / Finished / 7. D. Q /

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