Preparatory Committee for the upcoming National Conference held its fourth meeting today

19 February, 2012

Is scheduled to meet representatives of various political blocs on Sunday to determine the date of the forthcoming National Congress called for by President Jalal Talabani and the agreement on the agenda of the conference.

He said the Kurdistan Alliance MP Mahmoud Othman, of a rainbow that the meeting of the Preparatory Committee will be held at the home of Vice President of the Republic Khudair Khuzaie as will be discussed in the papers submitted by the three main blocs of the National Alliance and the coalition in Iraq and the Kurdistan Alliance to reach a common vision by the National Conference.

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Japan demanded China more flexibility on the currency

19 February, 2012

Urged the Japanese Finance Minister John Izumi China on Sunday to adopt a more flexible policy on the currency, he said, adding that Japan and China want greater efforts from Europe to end the debt crisis.

Izumi is visiting China for talks on cooperation between the two countries in the financial sector and debt problems in Europe.

China has become the largest market for Japanese exports and the first trade partner of the country, overtaking the United States.

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Remove zeros currency in September

19/02/2012

BAGHDAD - Babinaoz (Reuters) - announced that the Economic Committee in the House of Representatives, in an agreement with the Iraqi Central Bank to begin the process of removing zeros from the local currency in September. The central bank had announced earlier that he is considering the requirements of the project to delete the zeros of the local currency with the Council of Ministers in terms of need process for the enactment of the organized or not. A member of the Economic Commission Abdul-Hussein Abtan "Economic Commission agreed with the Central Bank to begin the process of changing the local currency in September next ".

He added that "the agreement granting process to ensure the currency switch for a full year on the two currencies that are traded the old and new in the market during this stage." Abtan explained that "the process of removing the zeros from the currency will contribute to dealing with inflation and facilitate economic cooperation with international banks and reduce the differences of living in society." He described the Abtan plan the Central Bank in the subject as good, he said, "It was the Bank's previous experience in the replacement of the currency and thus became his experience there will not be any problems associated with the process of deleting the zeroes on the reverse of what it was the situation when you decide to switch the operation several years ago." And describes the process of the Iraqi Central Bank currency exchange project in support of the national economy in the country, while the Iraqi government expresses its fears of the project will increase as the phenomenon of money laundering, "according to her belief " , And is working to convince the central bank to stop implementation of the project, agree the Securities Commission with the government's position to delete the zeros and says it would negatively affect the financial trading in the stock market .

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Finance parliamentary denies receiving any formal request for counterfeit currency

Sunday, February 19, 2012

Denied the parliamentary Finance Committee member from the Kurdistan Alliance Najiba Najib Committee recognizes any formal request by the Central Bank to take action on counterfeit currency in the markets.

And called on Najib told all of Iraq [where] the government today to stand in front of this phenomenon and come to their sources because that would impact on the economy of Iraq. "

The central bank may consider that the proportion of the Iraqi currency counterfeit normal compared to the rest of the states.

Saw the nineties of the last century the spread of counterfeit currency in Iraq after the imposition of economic sanctions on the country during the former regime if it leads the feet of Iraq to print its currency within the country to higher headline inflation reduction is unprecedented, as well as the increasing incidence of counterfeit currency at the time because of the lack of international standards sober in printing . / End

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Maliki is preparing to visit Kuwait to discuss the outstanding issues between the two countries, notably the issue of Mubarak Port

19 February, 2012

Prepares Prime Minister Nuri al-Maliki to visit Kuwait in two weeks to discuss the outstanding issues between the two countries and highlighted the issue of border and port Mubarak building adjacent to the Kuwaiti border, and the issue of reparations and debts owed ​​by Iraq.

Ali al-Moussawi, Media Advisor to Prime Minister Nuri al-Maliki in an interview that "Maliki's visit to Kuwait on a very important and comes at a time when Baghdad is preparing to host the summit."

He Moussawi said the visit "completed visits by Iraqi officials to discuss the outstanding issues between the two sides," he said, adding that "the return of the Kuwaiti ambassador to Baghdad and meeting with the Prime Minister had been positive and fruitful and will determine the agenda of the visit and there are positive signs to resolve these issues through joint committees "

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Iraqi Planning undertake to release funds from the budget after a week approval

19/02/2012 09:31

Baghdad, February 19 (Rn) - The Iraqi Planning Ministry said on Sunday it will launch a fund for the budget in 2012 after seven days of approval in the Iraqi Council of Representatives, in order to speed up the implementation of projects.

And warned the Iraqi government continued to disable approval of the budget in 2012 emphasizing the need for approved during the month, the value of the budget in 2012 that approved by the government in the 5 of December of last year, $ 100 billion, and a deficit of up to $ 13.5 billion, and focused on energy sector The oil phase of the first, and then the security sector, and then the education sector, education and health.

The Minister of Planning Ali Shukri, told the Kurdish news agency (Rn) that "the Ministry of Planning will launch a cash budget in 2012 after seven days of approval in the Iraqi Council of Representatives, in order to speed up the implementation of projects and begin the recruitment process."

He added that "the Ministry of Planning agreed with Finance to release funds, and have developed an appropriate plan for the success of the process of launching funds of ministries, within seven days," noting that "the Ministry of Planning Sttaaba the process of implementing strategic projects by the ministries and local governments in the event of Chamber of Deputies passed the Iraqi file the budget during the this month. "

And the expected adoption of the budget release 59 thousand degrees and across functional ministries and government institutions, which means to reduce unemployment rates in the country, which according to official sources, up to 15%, but a civil and international organizations say that the ratio is greater than that.

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Kurds: we accept the Finance Committee proposals can be identified on the budget

19/02/2012 08:56

Baghdad, February 19 (Rn) - The Kurdistan Alliance bloc, Sunday, as the Commission recognized the financial and legislative proposals described as "compatible" with the Iraqi Constitution and the Commission could adopt her.

The head of the House of Representatives Osama Najafi last week unveiled determine in principle on Monday as the date for a vote on the budget in 2012.

The vice president of mass Mohsen Saadoun, told the Kurdish news agency (Rn), "We in the Kurdistan Alliance bloc and a coalition of Kurdish blocs made a proposal for a uniform amendments to the budget that are compatible with the Constitution to the Finance Committee."

He said al-Sadoun, "from a constitutional standpoint, transfers between the doors of the budget award, but the budget increase is not possible and we have given constitutional proposals (undisclosed) can adopt the Finance Committee." He said.

The main demands of the Kurds are concentrated in the federal budget to increase allocations of Article 140 of the Iraqi constitution, raising the paragraph specifies the region to export 175 thousand barrels of oil a day, and the transfer of the financing of border guards (Peshmerga) to the Iraqi Ministry of Defense.

The Iraqi government has approved in its emergency meeting on the fifth of December last year 2012 budget by $ 100 billion (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars).

And campus violence, corruption, Iraq from investments during the years of conflict that followed the fall of the former regime in the spring of 2003, while moving slowly rebuilding process.

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