Member of Finance Committee: The Central Bank puts the instructions and opposers can not preserve the value of national currency

 Tuesday 05/29/2012

Baghdad (news) .. Member of Finance Committee criticized the MP / National Alliance / Abdul-Hussein al-Yasiri, the monetary policy pursued by the central bank, adding that he puts the instructions and financial rules and the violation of their application.
Yasiri said (of the Agency news) said on Tuesday: The officials and decision-makers at the central bank tend to emotional style, what makes them "Itnervzon" Once the high value of the dollar against the dinar, without resorting to radical solutions or thinking about the development director for any crisis, an emergency occur in the financial system of the country.

He added that monetary policy currently followed in the country need to reconsider them in line with the new economic order that a shift from totalitarian "central" to the free market, pointing out that the central bank intervention to him substantial funds is not known how to employ them in order to preserve the value of local currency and the Iraqi economy.

He explained: that the report issued by the Financial Supervision refers to the Central Bank sets rules and regulations pertaining to the financial system and currency in the country, the first violates the application, what Find fluctuated sharply in the stability of the Iraqi dinar against the U.S. dollar in recent times. / Finished / 8. D. Q /

 

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Senior Economist: Iraqi banks in need of expertise to develop global

  Tuesday 05/29/2012

Baghdad (news) .. Noted economic expert Akram Abdel-Aziz, the Iraqi banks need to use global expertise to develop them.
Said Abdul Aziz (the Agency news) today Athlathae: The Iraqi banks need to develop a structure and its staff and the use of reliable global expertise to raise their performance.

She added that banks need to solve problems relating to credit and the granting of credit are disciplined for housing projects and to the investors to exercise their business and to support bad debts and problems relating to banking services, noting that the State seeking to re-structure the work of banks and professional development Alkuaderha.

She pointed out: that the Iraqi banks lack the cadres of service and professional, explaining that each bank in Iraq (40) thousand people of the beneficiaries, how is a large and busy can not any Egypt to deal with it as it should. /. Finished / 21 / d. Q /

 

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Mahma Khalil: House Kurdish political lonely to withdraw confidence from the Maliki

 Tuesday 05/29/2012

Arbil (news) .. According to a member of the Kurdistan Alliance MP / Kurdish coalition blocs / Mahma Khalil, a Kurdish political that the house toward the lonely withdraw confidence in Prime Minister Nuri al-Maliki, and to take such a step would be with partners in the political process.
Khalil said in a statement to the Agency (news) said on Tuesday: All decisions critical to the coalition blocs Kurdistan solitary We have a serious desire to be resolutions of the House Kurdish solitary including withdrawal of confidence from the Nuri al-Maliki, stating: The Kurdistan called the National Alliance and the Prime Minister to conduct an reforms in the political system, and in the event of non-implementation of these reforms, we are moving to withdraw confidence.

The MP of Kurdistan: The partners in the political process have the same orientation of the house of the Kurdish political no-confidence, confirming the presence of votes in the House of Representatives to take the decision to withdraw confidence.

The political arena is witnessing profound differences between most of the blocks, and worsened between the State of Law coalition and the Iraqi List, on the one hand and the Kurdistan Alliance on the other hand, at the time held by President Jalal Talabani, a series of meetings in an effort to resolve the crisis, without being clear what has been reached during these meetings. / End / 24. n. r /

 

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Union of Kurdistan official: President Talabani will meet political leaders in Erbil tomorrow .. And seeks to raise the parties to the dialogue table

 Tuesday 05/29/2012

Arbil (news) .. An official regulations Center Erbil of the Patriotic Union of Kurdistan Saadi Ahmed beer, the president of the republic, Jalal Talabani, would work hard on Wednesday for the convergence of views between the political forces, he will receive the President of the Kurdistan Region and a number of Iraqi political leaders at his residence in Arbil .
He added beer to the reporter (news agency) on Tuesday: President Talabani will travel to Erbil tomorrow morning, will meet with President Barzani, the President will also meet with the Iraqi List, Iyad Allawi, and other political leaders individually.

He said beer to: President Talabani seeks to raise the political parties at the table of dialogue, and create the political climate before the National Conference, and continued: will discuss the President with the political leaders the latest developments in the country, and the possibility of resolving the crisis means constitutional. / End / 24. N. P. /

 

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CBI begins soon to open letters of credit rather than transfer of credit

27/05/2012 09:07

Baghdad, May 27 (Rn) - The Central Bank of Iraq, Sunday, at close of work opening credits Almstdnah has instead of the transfer of credit for the process difficult, indicating that this procedure will ensure to make sure that the hard currency that are sold to traders not be paid unless there are goods and hyphen of the country.

The central bank last week accused the four countries to "conspiracy" to hit the financial economy of Iraq to empty its market of its financial strength, indicating that the free trade corridors in Iraq is becoming the means adopted to hit the economy.

And saw the price of the dollar compared to a rise in local currency during the past few days, which officials attributed to a local banking companies, the central bank to take additional action in the auction sale of hard currency.

The deputy governor of Bank of the appearance of Mohammed, told the Kurdish news agency (Rn) that "the Central Bank of Iraq will soon open letters of credit rather than transfer of credit, which currently employs."

He explained that "this measure will enable the central bank to ensure that foreign exchange traders sold the goods against which comes to Iraq." Adding that "the bank's move is part of a traditional trade assets is added to the measures recently taken by the Bank to protect the hard currency."

And picked up local media reports about the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran on the border crossing points unless confirmed by the Central Bank of Iraq.

And subject its nuclear program by Iran, and Syria as a result of popular protests to UN sanctions are harsh and markets both countries to an economic collapse because of poor cash flow of hard currency.

The main task of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector.

 

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National Alliance calls on all political forces to create the atmosphere of the National Conference

 Sun 27/05/2012

Baghdad (news) .. said the Iraqi National Alliance on the importance of the unity described and cohesion forces about the challenges and called on all forces to create a positive atmosphere for dialogue among themselves, and avoid rhetoric convulsive, also announced the National Alliance reaffirmed the principle of national partnership actors and serious and deep belief that Iraq does not run of one component, but by mutual all of its components.
He said the National Alliance at its meeting yesterday, the home of President of the Alliance Ibrahim al-Jaafari to be the overall ideas and opinions expressed in letters and documents exchanged between the political blocs in its various meetings, including paper Erbil latter is constructive ideas and worthy of research and serious follow-up according to the contexts the process responsible.

She also debates the forces of the National Alliance to consensus that the Constitution and consistent with, and the principles of trust, openness and compromise between the parties and political blocs are the frameworks and principles that should govern the all dialogues and discussions.

While stressing the need to speed up the National Alliance and the National Bakdalmatmr Mathaba considered the process to find solutions to all problems related to state building and strengthening institutions. / Finished / d. N /

 

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Hassani, MP warns of spread of forged currency, class (10) thousand dinars in the market again

  Sun 27/05/2012

Baghdad (news) .. Warned the MP / National Alliance / Abdul Hadi al-Hassani, the spread of currency forged Iraqi category (10) thousand dinars in the local market again because it will affect the value of the dinar and the economic situation in the country, calling for a plan to withdraw and take firm action against the dealers out.
He said al-Hassani (of the Agency news) on Sunday: The increase in the spread of counterfeit currency in the domestic market, especially the category of (10) thousand dinars will lead to a lack of confidence of citizens in financial trading in local currencies, which will increase the money supply on the market and also cause damage to the value of the dinar to hard currency and the national economy in general.

He added, you must activate the supervisory role in relation to banks and financial institutions to know the traders in these currencies and the application of the penal code against them to prevent their spread in the local market.

He called for: a plan of scientific thought by the central bank for the withdrawal of currency by banks and develop educational programs for citizens to distinguish counterfeit money in order to prevent the safe handling of counterfeit currency in the market.

It is noteworthy that the local market has seen the proliferation of counterfeit currency in recent times has suffered a lot of the Iraqi provinces, especially the province of Dhi Qar, and specifically in the area of ​​spread of currency Panthers (10) thousand dinars in their markets.

The phenomenon due to economic pressures faced by some of the countries surrounding Iraq, where they inject forged Iraqi currency in the country and replace them with hard currency "dollar", which led to increase the value of the dinar against the dollar during the last period. / End / 8. D. Q /

 

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