Saturday, October 20, 2012

Economy Parliamentary Committee warns of impact of Shabibi issue on the reputation of the Iraqi dinar internationally

 Saturday, November 20
 












Twilight News / confirmed for economic and investment commission parliamentary, Saturday, that the issue of Director CBI Shabibi, will have negative repercussions on the Iraqi economy and on his reputation, and as warned that what is happening will Iraq's money abroad for prosecution, stressed that no power over the Central Bank only through the Iraqi Council of Representatives.

The decision Khalil Committee Mahma in an interview with "Twilight News", "The issue Shabibi will have implications and repercussions is appropriate on the Iraqi economy aware of his reputation."

Khalil added that "the Iraqi Central Bank has an international reputation and must be preserved and observance and preserve the value of the Iraqi dinar at the global level", rejecting "the government's handling of the issue Shabibi through defamation by the media."

Khalil said that "the accused is innocent until proven guilty and was supposed to government wait while issued against central bank governor until he returned to the country and leave it to the judiciary and investigative committees in the House of Representatives to preserve the reputation of the bank and the Iraqi dinar away from escalation media."

Khalil continued, "The issue Shabibi still primitive Btorha and can handle this form of escalation, especially the position he has held very sensitive nor Sultan on the central bank only through the Iraqi Council of Representatives."

And Khalil stressed that "parliament when his appeal to its will discuss and looking issue Shabibi in all its dimensions and quietly and away from the escalation media and agitation", warning that "what is happening now could jeopardize Iraq's money to prosecution, especially as Iraq is still under Chapter VII."

A source familiar with the Council of Ministers, has revealed last Tuesday, in a statement for "Twilight News" The Council decided at its insulation Shabibi down after an investigation on financial corruption within the bank by one of the parliamentary committees (Finance Committee), and the appointment of Abdul Basit Turki Agency of the Central Bank.

It is said that the Supreme Judicial Council, had announced the day before yesterday, Thursday, for a case Central Bank Governor Sinan Shabibi judicial organ of the Court of integrity to decide the validity of the charges against him or not.

He warned the cleric Moqtada al-Sadr, the collapse of the country's economy as a result of "prime minister interventions work of the Central Bank," he said, calling the National Alliance to adopt his paper points made in the reform process.

Iraqi List, revealed earlier in the day Saturday, to discuss the issue of the sacking of Central Bank Governor Sinan al-Shabibi in the next session of the House of Representatives, usually dismiss Shabibi by the government "encroachment" on the authority of the House of Representatives.

Iraq: Parliament discusses the sacking Shabibi after 18 days

 Saturday, November 20













Twilight News / revealed the Iraqi List, Saturday, to discuss the issue of the sacking of Central Bank Governor Sinan al-Shabibi in the next session of the House of Representatives, usually dismiss Shabibi by the government "encroachment" on the authority of the House of Representatives.

A member of the Iraqi List the Nabil Hrbo "Twilight News", "The House of Representatives will discuss the sacking Shabibi in his first session after resuming work, which will be held on the sixth of next month."

He explained that "sack Shabibi by the government is beyond the authority of Parliament."

And that "the government suddenly sent a letter to the House of Representatives at least show Shabibi, and it would have been better is the resolution agreement three Alrisat".

"The government's decision is harsh and fast and will affect the reputation of Iraq's economic global financial institutions."

The Iraqi government announced last Tuesday, for the dismissal of Central Bank Governor Sinan al-Shabibi from office on charges of financial corruption and the appointment of Abdul Basit Turki alternative until further notice.

The Supreme Judicial Council, announced last Thursday, the case for Central Bank Governor Sinan Shabibi judicial organ of the Court of integrity to decide the validity of the charges against him or not.

A spokesman for the Supreme Judicial Council, Abdul Sattar Bayraktar said in a statement received "Twilight News" copy that "frequency in the media of TV channels, newspapers and news agencies news attributed to an anonymous source refers to the intervention of Chief Justice Judge Medhat al-Mahmoud in the case Shabibi."

Deputy warns of vibration dinar exchange rate and financial transactions by the current crisis, the central bank


 10/20/2012

Baghdad (news) .. Warned MP / coalition in Iraq / Qais Cdhir, of potentially affected by the current crisis, the central bank and exchange of accusations regarding the sale of hard currency, the exchange rate of the Iraqi dinar against the U.S. dollar, and the external financial transactions through the lack of confidence of international banks in dealing with Iraq.
Said Cdhir (of the Agency news) on Saturday: supposed to be there extremely cautious in dealing with the Central Bank by the committees formed to monitor the work and scrutinize all claims regarding breaches sale of hard currency in the auction because it is major financial institution reflects the credibility and transparency of the financial system in the country for global banks and international financial institutions.

He added: that the financial institution depends on the degree of credibility and reliability of the body that deals with In the event of a lack of confidence to those who carry on the management of the central bank, it will reflect badly on the country's financial system, which will affect the foreign dealings with international banks.

He pointed out: that the continuation of the crisis the central bank present and exchange of accusations between his administration may lead to reluctance to work central bank auction and therefore will affect the exchange rate of the dinar against foreign currency, calling for an end to the crisis as soon as possible to maintain the fiscal policy in the country. / Finished / 8 . d. Q /
 

World Bank the impementation of strategic projects doubled grants for iraq



10/20/2012

World Bank: the implementation of strategic projects doubled grants for Iraq



BAGHDAD / JD / .. called on the World Bank representative in Iraq Maria Helen to go for the implementation of economic and development projects in addition to the development of the administrative aspects in all institutions.
She said in an interview / JD / World Bank works to finance several projects in this direction in excess of $ (800) million.
She said financing Atagaf process at this figure, pointing to increasing this number associated with the implementation of projects agreed upon in accordance with a specific time plans raise the confidence of international bank Iraqi side. Stressing that the implementation of strategic projects that will raise the number of donors to Iraq projects carried out by the World Bank.
The World Bank supports a program to support the private sector in Iraq and activating its potential executive / end / 21 h.

Planing 60% allocated to the operating budget in 2013

10/20/2012


Planning: 60% allocated to the operating budget in 2013

BAGHDAD / JD / .. revealed by the Ministry of Planning for the allocation of 60% of the general budget for 2013 for operating leases.
He said ministry spokesman Abdul Zahra al-Hindawi / JD /: "Budgeting for 2013 allocated 60% of which are operational, investment and 40%."
Hindawi pointed out that the investment budget of about 42 billion dinars, and 73 billion dinars for the operational ".
He noted that the percentage of the operating budget is expected to go up or down, indicating that the general budget is still with the government and numbers is not yet stable, and did not go out to the parliament. "
And identified the federal budget for Iraq for the next year by about $ 113 billion.
Ali Shukri Iraqi Planning Minister, in a press statement, said that the budget for next year calculated on the basis of the price of $ 85 for a barrel of oil, which defined by the International Monetary Fund, and committed Iraq by along with the adoption of the size of the export of oil by 2.6 million barrels per day, on the grounds that there are oil lines will enter production in the coming months.
The Iraqi Minister of Planning that were retained 17% stake Kurdistan region of the budget, after deducting the amounts of sovereign and governing such expenses ration card, and the Ministry of Defense and State to reach the remainder to 13.4% of the total budget. / Expired / 11 N /

Today Kurdish delegation arrives in Baghdad to make sure of the specific budget that region

10/20/2012

Today .. Kurdish delegation arrives in Baghdad to make sure of the specific budget that region

BAGHDAD / JD / .. A member of the Iraqi Council of Representatives Kurdistan Alliance MP Mohsen al-Sadoun for the arrival of a delegation from the Kurdistan to Baghdad to make sure going forward specific territory.
Sadoun said / JD /: "The delegation includes figures of Kurdish political blocs headed by Vice President and Prime Minister Imad Ahmad and will meet with President Jalal Talabani first.
"The delegation that came specifically to make sure the federal budget specific to the region of the budget that in 2013."
He Sadoun "delegation will discuss the files in question between the region and the central government," noting it was the first visit of the delegation of Kurdish since the outbreak of the crisis between Baghdad and Kurdistan.
The Kurdistan Regional Government, announced in a press statement, the Deputy Prime Minister Imad Ahmed Kurdistan delegation will be headed by heading to Baghdad, confirmed the prime minister and a unified national strategy regarding the current situation and developments in the region.
The statement pointed out that "the Council of Ministers of the Kurdistan Region held its regular meeting seventeenth, headed by Prime Minister Nechirvan Barzani."
The statement pointed out that "in the facilitator of the meeting, which was held last Wednesday Prime Minister highlighted the meeting of the regional president Masoud Barzani with the political parties in the Kurdistan region to explain the results of his recent meeting with President of the Republic of Iraq."
The statement noted that "the meeting discussed the draft law the federal budget, which is under discussion in the Iraqi National Council, and to participate in the debate on this law, will head a delegation from the Kurdistan headed by Imad Ahmed, Deputy Prime Minister to Baghdad, where he will offer views of the Kurdistan Region on those points relevant province of Kurdistan. "
The Iraqi Minister of Planning Ali Shukri was retained 17% stake Kurdistan region of the budget, after deducting the amounts of sovereign and governing such expenses ration card, and the Ministry of Defense and State to reach the remainder to 13.4% of the total budget. / Expired / 11 n