Wednesday, April 17, 2013

Abdulabas Xiaa: Central bank to develop procedures to prevent fraud at the currency exchange after deleting three zeros of them


17-04-2013

Baghdad (news) .. A member of the Committee on the economy and investment MP / National Alliance / Abdulabas the Xiaa date for the implementation of the project to delete the three zeroes from the currency earlier this year (2014), stressing that the central bank measures that will limit fraud and manipulation that may accompany the process of replacing the currency.

He said Xiaa (of the Agency news): The project to ايعد delete the zeros of the three from the Iraqi currency only, but re-structuring currency in terms of reduction of banknotes, noting that the highest category of paper will be (200) dinars, which is shorthand for the $ (200) thousand dinars, equivalent (170) dollars.

He added: that the central bank will begin its procedures proactive implementation of the project during the current year Ktba currency and contracting with companies to be after the process of replacing the currency in early next year, pointing out that the central bank put strict measures to prevent fraud that may accompany the replacement process.

He pointed out: that the country needs to restructure the project after the currency to delete the three zeroes from being on the verge of an expected increase in fiscal revenue in the coming years This figures Sechtzel and banknotes.

He explained: that the project will include Coins & Stamps, and consists of categories (half JD, JD, JD 5, 10 dinars, 25 dinars, 50 dinars, 100 dinars, 200 dinars), so that the employee if his salary million Vestelm thousand dinars, ie five categories of paper from the category of ( 200) dinars, stressing that this process will facilitate a lot of financial and monetary matters. / End / 8.'s. m /

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MP Faizullah: the continuing problems of the central bank will affect the stability of the exchange rate of the Iraqi dinar


17-04-2013

Baghdad (news) .. Warned the Vice-Chairman of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Hassan Faizullah, of continuing problems within the central bank charges on his work because it will affect the stability of the exchange rate of the Iraqi dinar.

He said Faizullah (of the Agency news): that the central bank is a major financial institution and job maintaining the stability of the currency and control of financial and banking operations, Fasthdavh will decrease would in front of international banks, and lose confidence in him, and thus affect the stability of the Iraqi dinar.

He added: can not be any party to interfere with the work of the Central Bank or directing false accusations untrue to reality, as it is an independent body unrelated third party run by financial experts and economists.

He was accused member Integrity Committee Jawad Alshahyla, the current Directors of the Central Bank of stealing 10 tons of gold, as well as other operations of currency smuggling and money laundering.

And witnessed the exchange rate of the Iraqi dinar severely decrease its price against the U.S. dollar, which made economists fear the financial and monetary situation in the country of the problems that may affect it. / End / 8.'s. M /

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Parliament receives the amendments to the law of accountability

04/17/2013


Parliament receives the amendments to the law of accountability


Detection and Minister of State for Parliamentary Affairs purity of net debt, sending a draft law amending the Law of the Supreme National Commission for Accountability and Justice to the House of Representatives for legislation.

Safi said in a press statement: "The first amendment bill to the law of the Supreme National Commission for Accountability and Justice was sent to the House of Representatives for the purpose of voting on legislation". He was chairman of the Justice and Accountability Commission parliamentary Qais الشذر has announced that the Council of Ministers approved the amendments to the law of accountability and justice and decisions by majority, stressing that the decision alternative would raise the injustice of a large number of Iraqis, as pointed out that it was agreed to end the file within 18 months from the date of approval .

For his part, ruled out the decision of the House of Representatives Muhammad Al-Khalidi, that is passed amending the law of accountability and justice in Parliament. Said Khalidi in a press statement on Tuesday: "The Justice and Accountability Law is one of the important laws that will implement positive impact heavily on achieving a vital part of the demands of the demonstrators , even though we see that the recent amendment did not change anything of substance out of the law, if it is not described by the more severe in some paragraphs. "

He added that "the law met with convulsive reactions from within the blocks that fall within the National Alliance, and this will create a major crisis within the House of Representatives in general and especially within the National Alliance, and will not allow the provision of adequate political majority to pass within the parliament."

In the meantime, the State of Law bloc linked to vote on amendments to the law of accountability and justice to vote on a draft law banning the Baath also stipulated compensate all those affected by the dictatorial regime.

A member of the bloc affiliated to the National Alliance Shaker Darraji's (Center Brief for the Iraqi Media Network): "The Ktltna will not vote on the amendments to the law of accountability and justice in the House of Representatives unless it is finished compensate all those affected by the dictatorial regime." He continued: "It is not fair be granted rights to the Baathists while still rights were not up to those affected by the former regime, despite the passage of ten years. "He continued:" We do not have we a problem in the granting of rights in amendments accountability and justice, but that preceded the granting of rights is primarily for those affected. "

It is said that Vice Chairman Bakhtiar told Judge (Center Brief for the Iraqi Media Network): "What announce some of the existence of selective application of the law of accountability and justice from the Commission incorrectly."

He said the judge that "the exceptions granted by the Commission for covered proceedings included all Iraqis," noting that "the majority of the exceptions granted by the Commission applied in the five provinces of Diyala, Salahuddin and Anbar, Nineveh and Kirkuk, especially with regard to the return of the former Iraqi army officers." In turn, explained Member State of Law Coalition MP virgin Farouk that the adoption of a law criminalizing the dissolved Baath Party will change the positions of the political blocs reject the amendment of the law of accountability and justice in the House of Representatives.

Said Farooq in a press statement: "Modify the accountability and justice came from meetings of the Committee of Five and deported from the Council of Ministers after the ratification of the amendment and is now in the House of Representatives," adding that "the approval of the Council of Ministers on the amendment does not mean approval of both parties political him, but there are views of the deputies about. "and added that" passing a law criminalizing the Baath Party, in the House of Representatives will change the positions of the political blocs refusing to amend the law of accountability and justice, "noting that the second requirement of the demonstrators on the law of amnesty has not yet been decided between the issuance of a general amnesty or special.

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Sunday, April 14, 2013

Finance parliamentary: Central Bank during the current year begins procedures deletion of zeros from the currency

04/14/2013

Finance parliamentary: Central Bank during the current year begins procedures deletion of zeros from the currency


She said the parliamentary Finance Committee, the central bank and according to official communications of the current year starts procedures for deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and international economic.

And a member of the Finance Committee said Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) "It According to official Almkhtabat, with the central bank, it is supposed to start during this-General Balastaadadt for deleting three zeros from the local currency."

He pointed out that "the local currency will reduce from four billion to one billion unit unit which will make there انسيابة in the process of transfer of the currency."

Yasiri between that "the Finance Committee to make changes to support the local currency because of the economic importance to the country."

The central bank says that the deletion of zeros comes under a plan to develop its monetary policy and currency management reform.

He was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that "the replacement of the currency and delete Ocefarha will features the best and biggest reduce the size of inflation and revive the dinar due to lack of demand for the dollar, which comes advantages of a large economy of the country, and to replace it will revive the economy Alibd but needs to political and economic atmosphere appropriate to carry out the project without facing any obstacles lead to a deterioration of the Iraqi currency. "

The CBI had said in August that it plans to delete the zeros from the Iraqi dinar to facilitate financial transactions carried out through cash in most cases. Among the difficulties faced by Iraq if they are to foot on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then discarded and replaced with new currency

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Saturday, April 13, 2013

Financial expert: increased hard currency outlets will contribute to the stability of the exchange rate of the Iraqi dinar



Baghdad (news) .. He stressed former member of the House of Representatives Abdul Hadi al-Hassani, the need to strengthen economic and trade cooperation between Iraq and all the developed countries in the fields of economy, to support and develop economic sectors and systems in the country.

Hassani said (of the Agency news): The new Iraq is undergoing especially after the change of the political system, which was calling for the wars and all States Province to a decentralized democratic system, believes in the policy of the free market economy.

He continued: So should open the prospects of joint cooperation at all levels and sectors between Iraq and all economically developed countries through the exchange of experiences and bring international companies and investment consulting, support and development of the national economy.

He added: that the world has become a small village through the use of technology and technological work, registered any country access to the other country and take advantage of its potentials and energies and promote trade and economic تبادلاته with him. / End / 8.'s. M /

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Hassani: Iraq is passing through a new phase should open with the economic prospects of all countries of the world


13-04-2013

Baghdad (news) .. He stressed former member of the House of Representatives Abdul Hadi al-Hassani, the need to strengthen economic and trade cooperation between Iraq and all the developed countries in the fields of economy, to support and develop economic sectors and systems in the country.

Hassani said (of the Agency news): The new Iraq is undergoing especially after the change of the political system, which was calling for the wars and all States Province to a decentralized democratic system, believes in the policy of the free market economy.

He continued: So should open the prospects of joint cooperation at all levels and sectors between Iraq and all economically developed countries through the exchange of experiences and bring international companies and investment consulting, support and development of the national economy.

He added: that the world has become a small village through the use of technology and technological work, registered any country access to the other country and take advantage of its potentials and energies and promote trade and economic تبادلاته with him. / End / 8.'s. M /

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Jaafari: our budget more than 5 neighboring countries and our population is less than a quarter of the population, live below their levels

Friday, 12 April


Twilight News / troubled head of the Iraqi National Alliance, Ibrahim al-Jaafari, on Friday, that Iraq's budget over five countries and population of a quarter of its population live below the level of those countries, calling on voters to the need to investigate the selection of the candidate honest and efficient.
The total federal budget of $ 138 billion is the largest in the history of the Iraqi state, which included the amount of 55 billion dinars part of the investment, and $ 83 billion in the operational part.
The Iraqi government built the budget in 2013 on the basis of (90) dollars a barrel at a rate of 2.9 million barrels of oil a day.
Jaafari said in a statement obtained "Twilight News" a copy of it during a meeting with a delegation of elders and notables of Sadr City, said that "Iraq's budget than the budget of five neighboring countries, and the proportion of the population does not exceed a quarter of the population of these countries, but it lives below the standard of living; So should be a concerted effort in the fight against all types of corruption manifestations to eliminate widespread poverty among the community. "
He pointed out that "the election season would eliminate the spoilers by electing efficient, and fair, and the Secretary on the capabilities of the people; to be replaced, and works to recruit Iraq's budget properly, and contributes to raising the level of services to maintain," arguing that "non-participation in elections means to maintain the corrupt in office. "
He stressed the need to "take the voter role in the investigation of the most competent candidate, the personification of national responsibility; because elections will determine the future of Iraq for the next four years."
The Iraqis cast on the twentieth of this month voted to elect members of local councils in the provinces, while the elected army and police representatives on Saturday.

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