Adviser: Central Bank committed banks to monitor customer before conversion to curb money laundering

 03/10/2012

Baghdad (news) .. He noted the appearance of the central bank adviser Mohammed Saleh, to establish strict controls on the transfer of funds abroad to curb money laundering process, explaining that the controls will adopt the principle of "know your customer" as new.
Saleh said (of the Agency news) on Wednesday: that Iraq has witnessed a great freedom in the transfer of funds abroad led to the emergence of mafias working for neighboring countries for hard currency, prompting the central bank to issue strict controls challenge of this process is going according to the principle of "know- your customer "which obliges private banks and government knowledge of the customer.

He added: that all banks will audit the treatment of the customer to check on the transfer of funds abroad.

And: that the central bank put an end to the amounts transferred to the outside estimated ten thousand dollars allowed after identifying the customer's identity, stressing that the central bank take responsibility for any breach gets and her children from investigating suspicious transactions and forwarded to the central bank for auditing and legal action about it.

He explained: that the goal of the central bank to control the smuggling of hard currency to finance terrorism by exploiting the freedom of financial transfer to the outside. / End / 21. D. Q /

 

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Expert: promote local industries depends on activating legal tariff and protect the national product

 03/10/2012

Baghdad (news) .. Attributed the economic expert Ahmed al-Husseini, the reasons for the delay of local industry not to activate the economic laws supporting it, noting that the rehabilitation of small and medium industries depends on activating tariff and legal protection of the local product.
Husseini said (of the Agency news) on Wednesday: The reasons for the decline Iraqi industry, especially small and medium due to the absence of legislation supporting the industrial sector, Kqanona tariffs and protecting local products, which led to the dumping shoddy by neighboring countries.

He added: attention must be paid to the domestic industry and provide the necessary support for the purpose of rehabilitation, because the world is on the verge of economic crises large and Iraq must take reserves through the activation of the industrial sector starting from small and medium enterprises and access to industrial plants large to strengthen the national economy. / End / 8. d. Q /

 

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MP Faizullah: central bank policy "wrong" made of hard currency for grabs for money gangs

03/10/2012

 

 Baghdad (news) .. Criticized Vice-Chairman of the Finance Committee MP / coalition of Kurdish blocs / Amd Faizullah, the central bank's policy on selling the dollar through open multiple ports and granting many licenses for banking offices, facilitated the process of currency smuggling and money laundering.
Said Faizullah (of the Agency news) on Wednesday: that monetary policy currently followed by the Central Bank marred a lot of mistakes, especially when allowed to open multiple ports to sell the dollar and other currencies, whether in banks or banking offices in addition to auction Central, which led to the difficulty of controlling on the sale and purchase of the dollar.


He added: that the central bank to change its current policy demands to serve the local currency, because to continue would hurt the national economy by facilitating the smuggling of hard currency and money laundering by the "Gangs of money". / End / 8. D. Q /

 

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Vice Kordstani: President Talabani meetings will provide a good ground to solve political problems

 30/09/2012

Baghdad (news) .. The member of the Kurdistan Alliance MP / Kurdistan Alliance bloc / Adel Abdullah, said that President Jalal Talabani will hold individual meetings with the leaders of political blocs and after bilateral meetings, to create a good ground to solve political problems.
Abdullah said in a statement (of the Agency news): after the return of President of the Republic of flight treatment saw the political arena rather than move between blocks by visiting leaders of the blocks President Talabani, to check on his health, as discussed some outstanding issues between the blocs, explaining: that the President of the Republic and leaders will meet leaders of political blocs individually and then hold bilateral meetings to prepare an atmosphere for the meeting includes all the political lists.

The MP added Kurdistan: that the efforts of the President of the Republic is not sufficient to solve the problems and political crisis, and the need to give up blocks from the roofs of their demands, and to agree on a national project the country out of the current crisis.

He was President Jalal Talabani, arrived on Saturday, to the capital Baghdad from the city of Sulaymaniyah, after his contract a series of meetings with the parties Iraqi political forces and Kurdish for the purpose of research ways to address the current crisis and bring the views between the forces and political parties. / End / 7. N . p /

 

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Deputy National: National Meeting will end the political differences about the passage of laws

 30/09/2012

Baghdad (news) .. Between a member of a coalition of state law MP / National Alliance / Sadiq gum, that the forthcoming national meeting held disagreements will end the political blocs about the stalled passage of laws in the House of Representatives.
The chewing gum in a statement (of the Agency news) on Sunday: You can not insert a bill of infrastructure and proposed amnesty law within a political agreement, for Aaqrarhen, noting that the holding national meeting will lead to an end to political differences, including what the laws and do the work the House of Representatives.

The MP for the National: The victim of delay passage of laws is the people, what gives a bad sign for the House of Representatives, blaming the leaders of political blocs, the responsibility for delaying approval.

And saw the House of Representatives, recently political mobility between the blocs about the adoption set of laws, some of which passed amid objections parliamentary, such as the election of members of the Electoral Commission and the provincial elections No. (36), while other laws still unused within the Council as law infrastructure and a general amnesty and the Federal Court, the parties and the allocation (25%) of oil imports to the people. / end / 7. d. Q /

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Jinan Albraism: President Talabani to return Baghdad will facilitate the holding of the national meeting .. And I expect soon

 30/09/2012

Baghdad (news) .. predicted a member of a coalition of state law MP / National Alliance / Jinan Albraism, to reach the leaders of the political blocs to a solution on the outstanding issues during the national meeting, noting that the solution to problems is subject to serious political blocs.
And said Albraism in a statement (of the Agency news): after the return of President Jalal Talabani in Baghdad will facilitate the meeting, through the intensification of dialogues with political leaders.

She added: that the success of the national meeting is subject to serious political blocs to resolve problems and make concessions to the political process.

And predicted Albraism: to hold a national meeting soon after persuading President leaders of political blocs need dialogue and resolve outstanding differences between the political parties.

The MP for / coalition in Iraq / Ahmed electrodes, emphasized the paper submitted by the meeting (Erbil - Najaf) of the National Alliance are the demands of reform demanded by the Iraqi and other political blocs.

The electrodes in an earlier statement (the news): The not of the political blocs and the Iraqi people more time to hold conferences and meetings and providing new leaves to negotiate, explaining: that reforms are clear to all, and that the demands of the Iraqi List and other political blocs are points meetings (Arbil - Najaf). / Finished / 2.. /

 

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Najafi: There is a need to control the exchange rate of the Iraqi dinar

27/09/2012 13:07

Arbil September 27 / September (Rn) - The head of the House of Representatives Osama Najafi on the importance of the independence of the central bank, stressing the need to control the exchange rate of the Iraqi dinar.

According to a statement issued by the Information Office of the President of the House of Representatives today that "Najafi search yesterday with Chairman of the Board of Supreme Audit Abdul Basit Turki central bank policy and the mechanism by which works out now."

He added that "the two sides discussed the findings of the investigative committee composed of the Finance Committee and the parliamentary Economic Committee and Chairman of the Board of Supreme Audit on the daily auction, organized by the Central Bank to sell the dollar."

The statement quoted Najafi its emphasis on "the importance of the independence of the central bank," pointing out that "follow the daily auction of foreign currency a priority being placed in the control of the Iraqi dinar exchange rate."

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