Expert: the stock market needsExpert: the stock market needs two years to adapt to delete the zeros of the Iraqi currency two years to adapt to delete the zeros of the Iraqi currency

 Thursday, 24/05/2012

Baghdad (news) .. The head of Economic Information Center Dargham Muhammad Ali, that the application of the deletion of three zeros from the Iraqi currency will impact on the Iraqi market for securities, indicating he needed two years to adapt to the new system.
Ali (of the Agency news) said on Thursday that the project to delete the three zeroes from the Iraqi dinar will affect the Iraqi Stock Exchange index in terms of replacement of "dinars" to "money", requires re-programming systems of its own, and enough time to adapt gradually to the situation new.

He added that the market needs two years to create mechanisms and programmed trading under the new regime of Iraqi currency and serve as a transition to a new system change through restructuring of equity in the market and be a new form, or they are reduced to "any per thousand shares into one share," or put systems new management in the market through the implementation of the project to delete the zeros.

He pointed out: that the project to delete the three zeroes from the currency necessary for the time being because of the mass of large cash in the local market which is estimated at (3) trillion dinars, what made the need urgent for reduced, pointing out that he will help to ease the audit of the State, particularly in the development of the general budget, in addition to the accounts for the financial resources to be easier and more accurate than by dealing with it now difficult to deal with large numbers of existing.

It is noteworthy that the Iraq Stock Exchange confirmed earlier that the deletion of zeros from the local currency would hurt the level of stock trading in the Iraqi market for securities in the current phase of the existence of shares less than (80) Iraqi dinars and will be lost in case of deletion of zeros. / Finished / 8. D . Q /

 

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Member of the Committee on Energy: Run the third oil export platform will enhance the ability to export Iraqi oil

 Thursday, 24.05.2012

Baghdad (news) .. According to a member of the Committee on Energy and MP for the oil / Kurdish coalition blocs / Qassim Mohammed, that the operation of the export of oil floating platform will power the third export oil, calling for the modernization of the old oil pipeline to accommodate the additional quantities exported.
Mohammed (the Agency news) on Thursday: The energy export Iraqi crude oil began to increase after opening Alaaúmtin the first and second through the Persian Gulf, and when entering the floating oil-third to the service will enhance the export capacity of oil, noting that Iraq is an urgent need to increase production capacity and export oil because of the presence of a large fiscal deficit in the general budget is estimated at (15) billion dollars.

He added that the plan of the Ministry of Oil in place for the current year it is hoped to increase the export capacity to more than (3) million barrels of oil a day, while now Iraq issued two and a half million barrels a day, because of the obstacles that the most important of poor infrastructure of pipes oil and the lack of export outlets and rely on the implementers in the north through Turkey's Ceyhan and the South through the Persian Gulf. / Finished / 8. d. Q /

 

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Deputy for Iraq: Maliki a tool of regional countries and all the blocks you want to replace it

 Thursday, 24.05.2012

Baghdad (news) .. Accused the MP / coalition in Iraq / Talal Zobaie, Prime Minister Maliki as a tool of regional countries, noting that all the political blocs want to trust him to withdraw the exception of some deputies of state law.
Zobaie said (of the Agency news) on Thursday: There is a consensus among the political blocs to withdraw confidence from Maliki's government, except for some of the deputies of state law, as a result of its monopoly power and the spread of corruption and militarized cities, and there is a shared vision between the political blocs to withdraw confidence from the Prime Minister Nuri al-Maliki.

He added that the Iraqi List coalition and Kurdish blocs, the Sadrists and the Supreme Council and the Virtue Party are calling for no-confidence in the Prime Minister and replace it with the character consistent with the aspirations of the people.

A: There are external forces to support al-Maliki to stay in office in order to weaken Iraq and its people, noting that al-Maliki a tool of regional countries.

On the other hand, revealed a close associate of House Speaker MP / coalition in Iraq / Persia Sangaree, the leader of the Sadrist movement, Muqtada al-Sadr, was among the signatories at a meeting of Najaf to replace Prime Minister Nuri al-Maliki (7) days.

He said Sangaree (the news): The meeting of the political blocs in the meeting of Najaf, and signed the request was sent to the National Alliance, provides for the replacement of Nuri al-Maliki (7) days from the date of receipt of the application of QNB, indicating that Mr. Sadr was among the signatories of the replacement, and wish to do so forcefully.

He said Iraqi MP to: that the second option of collectively is to provide a request to President Jalal Talabani that sends a request to the House of Representatives includes a withdrawal of confidence from the al-Maliki, adding that the reason for holding the meetings of Erbil, Najaf, the lack of implementation of the Erbil and the application of national partnership by a coalition of state law led by the Prime Minister. / Finished / 2. n. r /

 

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Mahma Khalil: A traders fled (4) billion dollars to a neighboring country and caused the depreciation of the dinar last April

 Wednesday 23/05/2012

Baghdad (news) .. Revealed the decision of the Economic Commission for MP / Kurdish coalition blocs / Mahma Khalil smuggling operation (4) billion dollars to one of Iraq's neighboring countries through the import dealer under the pretext of certain goods in the month of April, which led to the increase in the exchange rate of the dollar against the dinar.
Khalil said (of the Agency news) on Wednesday: There are signs of smuggling (4) billion dollars to one of the countries of the region surrounding Iraq in April last by a person who has promoted transactions and fake pretext that he imported goods containing electronic devices (TVs, computers) he said, adding that the money came out without receipt of any goods into the country.

He added that the hard currency out of the country easily because of the lack of regulations and laws that guarantee the advent of the goods that claim to import a lot of traders out against the dollar, in addition to the lack of real control of the ports on the Iraqi border.

He pointed to: that traders and conflicting in the market to have plans and studies of them have access to large amounts of hard currency from Iraq and leave them across the border into neighboring countries, especially as some countries suffer from economic conditions may make them need to hard currency. / Finished / 8. d. Q /

 

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Deputy for the National: Alliance ready to solve problems through the conference or the application of points Talabani

 Wednesday 23/05/2012

Baghdad (news) .. Declared member of a coalition of state law MP / National Alliance / Kazem Bahadli, ready to solve the problems of political alliance, in two ways: either National Conference or the application of points of President Jalal Talabani.
He said Bahadli in a statement (of the Agency news) on Wednesday: The meetings five and bilateral held by some political blocs can not lead to positive results, and decision-making and make the terms of this is not possible to apply, adding that the alliance was still supportive of the National Conference, especially since the time is right now so for the conference.

The MP for the National: The National Alliance is ready to solve all political problems, according to the mechanisms in conformity with the Constitution, in two ways, first national conference was held. Second, the application points of President Jalal Talabani, the (8) points, pointing out that the survival of the Iraqi List boycott the conference sessions not served by the national do not hurt the interests of the political process.

He was President Jalal Talabani issued a (8) points include them, call a halt to media campaigns, mutual and non-speech convulsive and adopt a constructive dialogue aimed at establishing and strengthening the participants and not to expand and deepen the differences, and the adoption of the Constitution as a reference invoked to it and respect its provisions and a commitment to the agreements made on the basis of the Government of the current partnership, including the agreement of Arbil in 2010, and the commitment and adherence to the principle basis upon which the current government, a principle of true partnership in the management of power and responsibility, and concern for the independence of the system-election as a fundamental pillar of democracy, and to provide all necessities to ensure a free and fair elections for provincial councils in 2013 and the House of Representatives in 2014. "/ Finished / 7. n. r /

 

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Vice Kordstani: signs of a breakthrough to the differences between Baghdad and Erbil will be witnessed the coming days

 Wednesday 23/05/2012

Baghdad (news) .. I expected a member of the Kurdistan Alliance MP / Kurdish coalition blocs / Leila Hassan, a breakthrough is close to the differences between the federal government and the Kurdistan Regional Government, will be witnessed by the next few days.
Said Hassan in a statement to the Agency (news) said on Wednesday: The current meetings conducted by President Jalal Talabani and the eight points raised, gave little hope to resolve disputes between Baghdad and Erbil, adding: that the recent meeting between President Talabani and Deputy Prime Minister for Energy, Hussain al-Shahristani, which resulted in the suspension of the supply to prevent the Kurdistan Region Balbanzin, it was a good gesture from both sides to prevent disputes from escalating.

She MP from Kurdistan to: that the next few days, will see the signs of easing out of the differences between Baghdad and Erbil, by the efforts of the parties, and the adoption of the president bring the views of Tvaida of the differences that do not serve the country and the two parties, pointing out that all the political blocs hours to resolve political problems, including Prime Minister Nuri al-Maliki through his support for the eight points announced by President Talabani.

President Talabani called through (8) points Otaleghen, to stop media campaigns, mutual and non-speech convulsive and adopt a constructive dialogue aimed at finding and promoting the participants and not to expand and deepen the differences, and the adoption of the Constitution as a reference invoked to it and respect its provisions and a commitment to the agreements made on the basis of which the Government of the current partnership, including agreement Erbil in 2010, and the commitment and adherence to the principle basis upon which the current government, a principle of true partnership in the management of power and responsibility, and concern for the independence of the system-election as a fundamental pillar of democracy, and provide all the supplies to ensure an election free and fair elections for provincial councils in 2013 The Council of Representatives in 2014. "/ Finished / 7. for. m /

 

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Vice Kordstani: Barzani, Talabani, delivered his resignation .. During the two days will be answered

 Wednesday 23/05/2012

Baghdad (news) .. MP for / Kurdish coalition blocs / Saman Fawzi, for the President Jalal Talabani sent a letter containing his resignation to the President of the Kurdistan Region, Massoud Barzani, to express the unity of the Kurdish towards the outstanding issues.
Fawzi said (of the Agency news) said on Wednesday: The President Jalal Talabani made a book provided for his resignation from the presidency and handed him, however, the Kurdistan Region President Masoud Barzani, adding that the next two days will witness the response to the message presented by the President.

He explained: that the position of President Jalal Talabani to resign from his position indicates the unity of the Kurdish on the outstanding issues and special and crucial strategic issues and access to resolve problems between Arbil and Baghdad.
Relations between Baghdad and Erbil recently deteriorated on the back of non-implementation of the Convention on Arbil in addition to the outstanding problems between the two sides of the budget of the Peshmerga and Article 140 of the Constitution on the disputed areas between the two parties and the law of oil and gas. / End / 12. For. M /

 

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