Iraq participates in meetings of the World Tourism Organization in Bahrain

08/04/2013
     
Announced Ministry of Tourism and Antiquities post Iraq high-level delegation in the meetings of the World Tourism Organization (WTO) to be hosted by the end of this month in Bahrain.

The Minister of Tourism and Antiquities, Dr. Brigade Smeisim's (Center Brief for the Iraqi Media Network) that the delegation will be headed by Advisor Ministry older Bahaa Mayah and a number of competent officials in the tourism sector, noting that Iraq will chair meetings of the Organization to be held in Manama for a period of (28 30) of the month .

He said Iraq will worksheet tourism in the Middle East and will be seminars the honored Arab tourism, as well as put a working paper concerning tourism in Iraq and call for help in the reconstruction of infrastructure for the tourism sector in the country, especially that Iraq possesses all the ingredients that help to promote the sector and bringing it to the ranks developed countries to the attributes of the tourist sites and religious, recreational and therapeutic archaeological.

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Member: Financial parliamentary plans to host the central bank governor to discuss the failures in the exchange rate of the dinar

08-04-2013

Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, for his committee's intention to host a cadre of Directors of the Central Bank of the interim discussion about fiscal and monetary matters in the country and how to develop them.

Abbas said (of the Agency news): The next few days will be hosting the Governor of the Central Bank of the agency and some of his aides in the House of Representatives, specifically in the Finance Committee for discussion about Akhavaqat exchange rate of the dinar against the dollar, and how to develop the financial and banking sector in the country.

He added: There are many complaints about the sale and purchase of foreign currency at the central bank auction and that caused the low exchange rate of the Iraqi dinar against the dollar during the last period, stressing all things will be discussed to determine the most important challenges in and out by drastic successful.

The Iraqi market has seen in weeks a significant disruption in the price of the U.S. dollar against the Iraqi dinar as the selling price of one dollar to 1280 dinars. / End / 8.'s. M /

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Economist: increased central bank sales of the dollar does not contribute to the stability of the dinar exchange rate

08-04-2013

Baghdad (news) .. Economic expert ruled out peace Quraishi, the stability of the exchange rate of the Iraqi dinar against the U.S. dollar at increasing the supply of foreign currency in the market, stressing that it will affect the size of the existing monetary reserves at the Central Bank.
Quraishi said (of the Agency news): The current monetary policy pursued by the central bank is not built on the basis of sound scientific and accurate, which led to a decline in the dinar exchange rate during the last period.

He added: that the central bank works to increase the width of the dollar in the market under the pretext of supporting the dinar exchange rate without the knowledge of the actual need for it, is what makes there is an imbalance in the principle of volumetric balance the supply and demand of foreign currency, and hence the instability of the Iraqi currency.

He warned the economic expert: increased dollar sales in the market because it will affect the size of the monetary reserves, which comes through oil exports, calling for the need to take the principle of balance in supply and demand for dollars in the market, to maintain a stable exchange rate of the dinar against the dollar. / End / 8. l. m /

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Deputy: Iraq is not eligible for انظمام to the World Trade Organization because of enacting laws and absence of a national product

08-04-2013

Baghdad (news) .. Said the decision of the Commission of Economy and Investment MP / coalition of Kurdish blocs / Mahma Khalil, that Iraq is qualified انظمام to the World Trade Organization because of the non-activation of important economic laws and the absence of local product.

Khalil said (of the Agency news): there is international support for Iraq انظمام to this global organization, but to what avail Affiliate and the country lacks a local product and dependent on imports in the base class.

He added: WTO will open horizons of cooperation with all the developed countries and enhance trade exchanges, when of Iraq currently انظمام in the absence of legislation legal task Kaltarifah customs and protecting local products and the lack of national product would hurt Iraq and will not benefit him.

He continued: because those countries Setsegl Iraq to discharge its cargo in return does not have Iraqi exports to be practical commercial exchange, calling on the federal government to activate the package of economic laws broken and encourage domestic product to seize the opportunity of joining the World Trade and the advancement of the national economy.

The World Trade Organization was in 1995, and is one of the smallest organizations global age where the WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II, and its overriding goal is to help the flow and the flow of trade Bslaslh and freedom.

And include membership in the World Trade Organization more than (140) members representing more than (90%) of the WTO. / End / 8.. /

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