Talabani: Maliki told me his readiness for the implementation of previous agreements and Arbil, except for a no-confidence

Thursday, June 14, 2012

Twilight News / President of the Republic, Jalal Talabani, Thursday, that Prime Minister Nuri al-Maliki and the list of National Alliance officially told him to prepare for the implementation of previous agreements, including the "Letter of Arbil," except where stated on the issue of withdrawal of confidence from the government.

A statement issued by his office had received "Twilight News" a copy of it for Talabani as saying that "paper presented to the meeting of Irbil in 28/4 included nine items, including a proposed withdrawal of confidence," explaining that "the proposal was directing the paper to the National Alliance, and not to the House of Representatives and, if not to deal with them so they can be a positive display the subject of withdrawal of confidence. "

The statement continued, "The authors of the paper suggested that the notice will be given one month to respond to (...) and after discussion it was agreed over a period of two weeks."

The statement said that "President Talabani received official notifications from the National Alliance and the Prime Minister to prepare for the respect and implementation of previous agreements and taking into account the paragraphs in (a Arbil), except paragraph no confidence."

The leader of the Iraqi List, Iyad Allawi has said earlier that the issue of withdrawal of confidence from the Prime Minister was a proposal from the President of the Republic of Iraq, which he denied the presidential statement, which promise "contrary to fact and reality."

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Abdul Hussein al-Yasiri: high exchange rate of the dinar by the presence of Central Bank reserves

 Thursday, 14/06/2012

Baghdad (news) .. Ills member of the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri, the high exchange rate of the Iraqi dinar against the U.S. dollar to the presence of central bank reserves.
Yasiri said (of the Agency news) on Thursday: The improvement of the strength of the Iraqi economy and central bank reserves and the existence of the private sector from private banks contributed to raise the exchange rate dinar and the presence of the balance of payments positive, which shows some of the exports of foreign goods more than its imports all of these factors lead to revaluation of the dinar against the U.S. dollar.

The Yasiri to: the existence of "critical theory" which states the general acceptance of the currency and the strength of attraction in all countries such as the dollar, which has a acceptability all over the world, while the Iraqi dinar deal it only in Iraq, and continued: Demand If you find a dynamic price tag is determined by dynamically If there is supply and demand by the rising price of these flow rates lead to increased bad was local or foreign.

He added that directed the Central Bank of the year (2003 -2004) to buy a paper currency of Iraq to reduce what is displayed in the Iraqi market and increase demand and push the dollar in the auction, the central bank and buy dollars in Iraqi local and even determine the exchange rate a thousand and six hundred dinars, and then a thousand and five hundred to the dollar and continued Bank to sell the dollar in foreign currency to raise the Iraqi dinar demand and the lack of quality in the market and the price level declines against the dollar content more than the Iraqi dinar.

And Yasiri: that Iraq has oil revenues in dollars of foreign Fbasttaath to make a thousand dinars dollar and can be withdrawn by the Iraqi currency and pumped the largest amount of dollars and reduce the width of the Iraqi currency will become more valued and all these factors lead to high exchange rate of Iraq against the U.S. dollar. Finished / 21. for. m /

 

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Central Bank: slow computational procedures to the observer behind the non-return of the Warka Bank to work

 Thursday, 06.14.2012

Baghdad (news) .. The Central Bank of the slow action of the observer in charge of the arithmetic and control of inventory of assets of the Warka Bank for the lack of return to work at the moment.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in a statement (of the Agency news): The Warka Bank is one of the private banks which are exposed to a problem with the liquidity and wealth Alrismalah of the bank have fallen so and under the Banking Act No. 94 of 2004 and the Central Bank Law, it shall be the Central Bank of custody The bank in this case.

He added that guardianship means the creation of an interim administration until the evaluation of the bank and find out and put it Alrismala.

Saleh pointed to: that the lifting of guardianship or continuation depends on what is available from the assets in the banks so head the central bank, according to the law (64) of the Banking Act to ask for a loan from the government in its financial position and this depends on the decision of the Controller of account, which costs from both parties from the central bank and the government.

And the favor: he is supposed to observer arithmetic to raise a report to the trustee within weeks of any central bank, and then the central bank raises the report to the government and confirming that the Warka Bank is subject to the lives and assets are good, but subject to minor problems and to preserve the stability of the financial system can be saved and return to his situation.

He said: The bank is expected that the external auditor's report of its proceedings, but the fact that there is a slow and buildings assets held by issue is taking a long time Palmsph him.

The Executive Director of the Association of Iraqi private banks Abdul Aziz Hassoun announced a number of media in August 2011 that the Warka Bank needs to be about 100 billion Iraqi dinars (90 million) to boost its liquidity while confirming the Iraqi market for securities that the Board of Governors in the Iraqi Stock Exchange decided to write off the inclusion of Al Warka Bank from the market in accordance with paragraph IX of Article V of the instruction number three amended for the year 2011, which provides for the write-off company from the listing if the stoppage of circulation for six months without taking appropriate action to appeal pointing out that the Warka Bank is turned off from trading since the eighth of February 2010
The Warka Bank for Investment and Finance which was established in 1999.130 branches and (350) ATMs in all parts of Iraq.

The central bank set a three-stage plan to raise banks' capital to 213 million by June 2013 to stimulate lending at a time when Iraq is recovering from the sanctions and the U.S. invasion in 2003.

It is noteworthy that Iraq has seven banks owned by the state and (23) private banks, eight Islamic banks particularly according to the website the central bank as dominated by the banking sector, banks, Rafidain and Rasheed Aovernmaan and are under way to restructure in order to pay off the debts that have accumulated after years of war and sanctions / Finished / 3 . n. r /

 

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