Expert: recession, stock market revaluation of the dollar and threatens the entry into force of the hard currency

Thursday, 12/04/2012

Baghdad (news) .. Expert noted the existence of economic recession as beautiful in the Iraqi market for securities due to lower stock prices, prompting a shift towards the purchase of the dollar to trade him and thereby raising the rate of exchange against the dinar.
A beautiful (for the Agency news) on Thursday: there are several factors that led to increase the value of the U.S. dollar against the Iraqi dinar, including internal factors such as increased drag on the dollar by the merchants and other third-party as a result are exposed Syria and Iran of economic blockade, making these two countries Iltjian to Iraq to buy dollars to save their currencies.
He added that the inertia and the recession that hit the Iraqi market for securities due to lower prices of shares, companies paid to buy the dollar and traded for the liberation of this recession happening in the Iraqi Stock Exchange, increasing the demand for dollar by the Central Bank, noting that sales of the Central Bank limited can not sell large quantities of the dollar because the demand for and buy a large affect on the local currency because the dollar is the cover of her.
The beautiful to: that the central bank can not pump large quantities of dollars into the local markets and is also able to stop the sales, this will lead to increase in price more and more, so be on the regulatory and inspection in the scientific community specialized protection of the local currency to take its role to reduce the This phenomenon is being threatened and the Iraqi currency will lead to the entry into force of the hard currency of the country.
This could see the Iraqi dinar declined in value against the U.S. dollar, where he became the U.S. dollar exchange rate is equivalent to B (1300) dinars. / Finished / 8. D. Q /

Link

The province of Nasiriyah discusses the power crisis and change the Iraqi currency

12 April, 2012



The Council of the province of Nasiriyah and its regular meeting weekly to discuss the problems and obstacles that defects were discussed during the meeting the issue of power and change the new currency which the government intends to change.

Link

Sinead: Preparatory Committee is currently considering applications and proposals made by the political blocs

12 April, 2012

Committee began preparations for the national study of requests and proposals made ​​by the political blocs, which predicts a breakthrough in the political crisis. A member of the Preparatory Committee for the meeting of the national leadership of the coalition of state law Hasan al: The «Preparatory Committee is currently considering applications and proposals made ​​by the political blocs» .
He added that «the applications and proposals made ​​by the political blocs regarding the problems that followed the U.S. withdrawal from Iraq», indicating that «these requests related to the re-formation of the structure of the Iraqi state after leaving the U.S. in line with the Constitution», but it revealed the existence of differences in views within the Commission on the nature of the agenda.
He was scheduled to hold leaders of political blocs national meeting last Thursday by the deadline established by President Jalal Talabani to discuss the current political crisis, especially the differences between the State of Law coalition and the Iraqi List, but it was postponed the meeting, without giving reasons, to date has not been determined until now . In contrast, A member of the Preparatory Committee for the Iraqi List MP Ahmad electrodes that his list with any meeting or conference or initiative that will find solutions to the political crisis.

Link

The security committee in Maysan held an emergency meeting with the directors of banks in the province to discuss ways to further secure

Thursday, April 12 / April 2012

The Committee held the security in the province of Maysan, an emergency meeting with the directors of banks to discuss ways to further enhance the security of the banks of robberies and thefts.

The head of the Committee Sarhan Salem Younes told all of Iraq [where] the day Thursday, "that after thwarting an attempted robbery of a bank in the city of Amara after unidentified gunmen opened a small opening one of the walls of the bank to enter and steal money Almujdodh which decided the security committee held an emergency meeting today with the directors of banks in the province to discuss ways to increase the security protection of banks and tighten them. "

He said, "Among the proposals put forward at the meeting are linked to banks circuit television is connected directly with the police to follow up on any act suspicious or try to be intended to steal the bank has welcomed the managers of banks, this proposal also showed at the same time Attabhm lack of response of police headquarters Maysan not to respond on a secret alarm tied between their banks and the leadership of the police, who sometimes Atalegoh of empirically to determine its effectiveness, but they are not finding a response by the police, "noting that" directors of banks, "complained of the lack of security staff responsible for the protection and guarding the bank."

Maysan province has seen in recent weeks, the increase of armed robberies carried out by armed groups wearing the official uniform of the security forces in maintaining the role of citizens and some shops, banks, banking organizations. Ended 27

Link

Victim of the Iraqi currency financial embargo on Syria and Iran

12/04/2012



The independent Iraqi news agency / listen ... announced the Central Bank of Iraq in February from the application of new measures over the sales of the dollar, especially states that the buyer knows the bank for its customers, who asked him to buy the currency.

Iraq is who gets huge monthly income from oil sales in dollars, and is surrounded by Iran and Syria, which suffer from an international financial embargo, an increase in demand for the dollar is leading the local currency to decline.

He said the Iraqi Central Bank Governor Sinan Shabibi that "the political situation is relatively stable in Iraq and in the surrounding area has created a great demand for the dollar, leading to the high exchange rate of the currency recently."

In response to a question about the possibility that the international financial embargo imposed on Iran and Syria in particular the main reason for this rise, Shabibi said "This is one of the things, but the region around us, which is generally relatively stable."

And witnessed the exchange rate of the dollar Tuesday its highest level in front of the dinar since about four years in the domestic market, which is 1320 dinar per dollar, after it was last week at a stable level of 1230 dinars per dollar.

Council of Ministers were quick Wednesday to announce the formation of a committee to study the "wiggle Iraqi dinar exchange rate and to provide appropriate solutions to prevent harm to the national economy," according to channel reported "Iraqi" government in a newsflash. More Read Click Blow.

Link

Vice Posted: Iraq will withdraw from the government in case of failure of the National Conference

Thursday, 04.12.2012

Baghdad (news) .. most likely MP / coalition in Iraq / Abdullah Hussein Rashid, to withdraw his list of the government in case of failure of the National Congress to resolve the outstanding problems.
Rashid said in a statement (of the Agency news): The all outstanding problems between the political blocs can be solved, but the preparatory committees for the conference failed to reach the agenda of the final solution of problems to be a radical solution.
He added that the initiative of President of Kurdistan Region Masoud Barzani invited the three presidencies and committee chairs to sit at the table of dialogue to resolve outstanding problems enough to reach for radical solutions to those problems.
He said the Attorney for the coalition in Iraq to: that the list will stand by the position of the opposition and the withdrawal of the government in case of failure of the National Congress to govern the people standing obstacle to the political process, noting that the withdrawal of the Iraqi government will reflect negatively on those who lead the country alone.
The accused leader of the National Accord Movement MP / coalition in Iraq / Salem Deli, State of Law Coalition led by Prime Minister Nuri al-Maliki "procrastination and disclaimer" for National Conference, stressing National Conference has become of the past does not take place because of "procrastination." / End / 2. n. r /

Link