Aziz Mayahi describes the conditions of the Central Bank of the request for entry of dollar buying by prohibitive]

Sunday, April 15 / April 2012

A member of the Committee on Economy and Investment parliamentary bloc MP for white Aziz Mayahi terms of the Central Bank of entry order to buy the dollar to "prohibitive."

He said in a press statement received by all of Iraq [where] a copy of it today that "the Central Bank of the conditions of this Order will harm the Iraqi companies contracting with the State, so the central bank to correct the mechanism of this subject."

He stressed "the need to ask the central bank of contractors with a copy of the contract from the Department imported, and then can enter the auction."

The controversy was raised about the causes of decline in value of the dinar and the high value of the dollar in the last period, and carried some of the parties, the central bank responsible for fall of the Iraqi currency due to the fact that the central bank is preparing the Iraqi market, local, including needs of the dollar, which means that the issue of height of the dinar and the decline will depend on what posed of the dollar.

While the Iraqi Central Bank attributed the low exchange rate of the Iraqi dinar against the U.S. dollar in local markets, to the high demand for it greatly, saying in a statement this rise "bubble" will disappear gradually. Ended.

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Deputy for the National Alliance calls to speed up resolving the political crisis by holding a national meeting

15/04/2012

The independent Iraqi news agency / Baghdad - Q. P ... Invited member of the National Alliance Silawi table, leaders of political blocs to speed up the scheduling of a national meeting, stressing the need to resolve the crisis in accordance with the Constitution.

Silawi said to the reporter (and independent Iraqi news agency), "it became necessary to determine the leaders of political blocs date for a national meeting, to resolve the political crisis, which began expanding because of the size differences between the blocks.

She added that Iraq is on the verge of playing a major role in the region and needs to filter internal political differences, to exercise its regional role correctly, noting that the crisis can be resolved in accordance with the Constitution.

The Silawi: that the continuation of the political crisis will impact heavily on other aspects of economic, service, and even the security being linked to one another.

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Iraqi dinar sinking in front of U.S. Dollars

2012-04-15

(Iba) / follow / - decline in the value of Iraqi dinar are large and clear in front of U.S. Dollars, and this in spite of all revenue earned by Iraq in a match the high price of oil, but this did not sing the dinar from the disaster that is located underneath and fall ill, the panic that the worsening situation is more than it is now.

The reason behind this state of decline continued to the high demand for the dollar in its neighbors Iran and Syria, which suffer from Western sanctions, after the discount price of the dinar against the U.S. currency at 1160 dinars for several years, has witnessed a decline to 1230 dinars to the dollar last week and to 1320 on Tuesday before returning in height and up to 1270 through transactions made ​​on Thursday.

In this framework showed shop owners banking their horror over the great loss that may Atqaibdoha as well as the citizen as a result of this continued decline in the price of the dinar, and notes the Abu Nasser shop owner banking that the decline in the price of the dinar concern to us, we do not know whether the central bank will control the decline Or is it will continue, and there is no action in his package to the address for such a sharp decline in Iraqi currency.

He said Abu Nasser that the central bank policy is clear and does not know the extent of pumping, which can control the exchange rate in the market, on the other hand said Mohammad Karim, owner of a franchise that there are clashes began to appear in the decline in the price of the dinar as the majority of citizens to have the debt and some want constant amount, which called on the dollar while the other party wants payment in Iraqi dinars, and the difference in the buying and selling a large burden on the citizens.

And there are accusations by some circles of parliamentary what it called mafia Iraqi traders smuggled the dollar to the neighboring countries that suffer economic sanctions, international and that between them, as we mentioned earlier Iran and Syria, which has noteworthy to link these traders political figures window you want to influence in the Iraqi economy for personal gain as they say, which led to a rise in the dollar exchange rate against the Iraqi dinar, which in turn would have serious consequences for the status of the Iraqi economy in the coming period if the situation continues as it is now.!

And the Iraqi Central Bank Governor Sinan Shabibi that the unstable political situation in Iraq and the surrounding area led to higher demand for the dollar, which increased its price for the Iraqi currency, which is between that there is a dog a severe and growing U.S. Dollars to the linked Iraq to pay the import value in U.S. currency. (End)

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Government intervention, warning of his policy .. Saleh al-Mutlaq: the powers of the central bank intervention would lead to the collapse of the Iraqi

Sun 04/15/2012

Baghdad (news) .. Deputy Prime Minister Saleh al-Mutlaq, of attempts to link the Central Bank of the government and intervention for privacy, noting that interfere with the Bank and the powers and fiscal policy will lead to the collapse of the Iraqi currency and weaken the economy and will display the central bank money, which is public money at risk.
Mutlaq said in a statement received by the Agency (news) a copy of it on Sunday: that the Iraqi government issued two positions contradictory about central bank policy: first, in which it denied its intention to link the bank with, while the second position its decision to postpone the lifting of the zeroes is unlawful interference in the work of Independent Bank in its policy, pointing out that the statement of the Iraqi government about its intention to deny the link to the Central Bank is contrary to its decision to postpone the second process of lifting the zeros of the Iraqi currency.
He added: better for the government left the issue of lifting the zeros of the Iraqi currency to the Central Bank, consultation and coordination with him being the competent authority Her experience and responsible constitutionally for the Iraqi currency, noting that this decision reflects the government's control over central bank policy and linked to an undisclosed bank's government.
Promise of the Deputy Prime Minister: Linking the Central Bank of Iraq's government to hold serious would have a negative impact on the policy of the Central Bank of independent monetary and will affect the strength of the Iraqi currency and hence its collapse and the weakening of the economic situation of the country, noting that this procedure will of Iraq's money and the money deposited in the Central Bank to the danger because This money is sacred, and not one has the right to endanger the public funds being.
He stressed that al-Mutlaq: the second paragraph of Article (103) of the Constitution stipulates that the central bank held accountable by the House of Representatives for his work and his policy, and there is no right to interfere in one another so.
And between: the central bank is responsible to manage approximately (100) billion dollars of imports, the government, banks and foreign exchange reserves of the country, pointing out that respect for the independence of the independent bodies in the country and especially the Central Bank is part of a democratic new Iraq that must be respected by all the political blocs being largest financial institution in Iraq. / Finished / l. m /

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Jubouri Central Bank take even two steps to raise the price of the iraqi dinar

04/15/2012


BAGHDAD / JD / .. According to a member of the Finance Committee's parliamentary Haitham Jubouri take two steps the Iraqi Central Bank to raise the price of the Iraqi dinar and weighed against the U.S. dollar. Jubouri said L / JD / "The central bank has taken two steps is to first new controls on the value of the transfer and identify external electronic point of arrival and will go to any country," and secondly "to keep the bank with $ 65 billion in capital." Jubouri and "The Bank to keep the $ 65 billion is a very good capital that would preserve the Iraqi dinar exchange rate, an increase of supply relative to demand in the local markets." He said, "The Iraqi market is witnessing the fluctuation of the local currency and the high exchange rate for foreign currency must be careful in making decisions." He was a member of the Finance Committee has expressed confidence in the stability of the purchasing power of the Iraqi currency in the coming days. ", Stressing that these precautions have escalated. Said the Iraqi Central Bank in a statement, obtained by (JD) a copy of it": that some of the journalist community deliberated analyzes marred by a lot of palaces, which indicated that the Iraqi Central Bank's reserves of foreign currency has decreased during the last few months, billions of dollars. The central bank said that these numbers or other sales are the result of the dollar to the regular customers of Iraqis and through the daily operations of the foreign currency auction in the past months or years, knowing that the bank's reserves of foreign currency has not declined but increased during the last period. He noted that central to the direct intervention of neighboring countries in this auction is baseless and unfounded, although the regional impacts of current left indirect effects on the movements of foreign exchange in the domestic money market. The Finance Committee of the House of Representatives has warned of the danger of the continuing decline in the exchange rate of the dinar against the U.S. dollar, which arrived during the last few days of 1300 dinars to the dollar, for the first time in nearly four years. On the other hand reduced the appearance of the bank adviser Mohammed Saleh, the risk of devaluation of the Iraqi dinar against the dollar, and said it will disappear gradually forming bubbles. It is noteworthy: The Cabinet had formed a committee to study the fluctuation of the Iraqi dinar exchange rate in recent times, to provide appropriate solutions and to prevent damage to the economy home / expired / 11 n

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Close to Maliki: I will not go beyond the invitation to Talabani National Conference

15/04/2012

Baghdad, April 15 (Rn) - A close aide to Prime Minister Nuri al-Maliki, Sunday, that the coalition will not exceed the invitation of President Jalal my students to hold the National Congress, in reference to the coalition may not meet the invitation of the President of the Kurdistan region, Massoud Barzani, to hold a meeting Leaders never Almatmalotunai.

The head of the Kurdistan region, Massoud Barzani, had called last week to hold an urgent meeting of leaders of political blocs in Erbil, in order to resolve political differences.

At the time being President Jalal Talabani continuous dialogue for the success of a national meeting, which called him last month.

The MP said Kamal Saadi, told the Kurdish news agency (Rn) that "President Jalal Talabani invited to attend the National Congress is preparing for this conference three months ago and took place during that period, in-depth interviews."

In response to a possibility to meet Prime Minister Nuri al-Maliki, invite the President of the Kurdistan region, Massoud Barzani, a meeting of leaders of Saadi explained that "it is difficult to overcome Talabani's invitation (...) I do not know if al-Maliki will attend or not, but we (state law) believe that the man first in the state called to a meeting and should not be crossed. "

The political leaders have signed an agreement in Irbil has led to the formation of the current government but the possibility of the presence of (Maliki) to Erbil, seen as almost impossible in light of harsh criticism directed to him by Barzani.

Barzani said that the agreements did not apply after Arbil, in reference to the al-Maliki to delay work on those agreements is the same vision for the list of Iraqi Prime Minister Iyad Allawi.


And facing the Preparatory Committee of the National Conference, which includes representatives from the blocks of the Kurdistan Alliance, national, and the coalition in Iraq difficult to agree on a consolidated working paper for the meeting in spite of holding seven meetings.

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