Economist: the formation of the Council for Economic Reform is necessary to support the productive sectors

  08/03/2013

Baghdad (news) .. Economic expert called Salem Daini, to the need for the enactment of the establishment of the Council for Economic Reform to support vital sectors industrial Kalzeraih and tourism.
The Daini (of the Agency news): The all economic sectors of Balzraih, industrial and tourism are to be backward and is disabled as a result of the exceptional circumstances that gripped the country Kalhsar international imposed in the Nineties past and terrorist operations after a year (2003).

He added: You must think about how to restructure the economic sectors through the development of plans and policy clear and These Ataathakq only the existence of an independent board of economic and specialist consists of professional and experienced staff which can make studies and correct Almsart for the advancement of the national economy.

He pointed out: that this method successfully by all countries of the world, especially that circumstances were similar to Iraq, calling to benefit from international experiences to serve the national economy.
And suffer economic sectors in the country severely neglected by successive governments, despite the availability of ingredients that stimulate economic investment and strengthen the Iraqi economy. / End / 8. N. 

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Member of the economy: monetary policy pursued with the central bank seeks to create a balance between supply and demand for the dollar

  08/03/2013

Baghdad (news) .. A member of the economic and investment commission MP / National Alliance / Salman al-Moussawi, the monetary policy followed with the central bank as "good" as seeking to create a balance between supply and demand for hard currency.
Moussawi said (of the Agency news): The policy of the central bank to the sale of hard currency is supportive regulatory measures to the exchange rate of the Iraqi dinar, and requests from companies and banks adhered to in order to prevent money laundering and currency smuggling.

He added: can not be selling hard currency at the central bank auction or transfers of money abroad without controls and legal proceedings, and that these actions were tied, but at the same time helpful and supportive of the economy.

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The number of owners complained companies and banks from the central bank's measures in the public auction for the sale of hard currency, and stressed the difficulty of buying currency and converted to the outside, making there is a growing demand in the market to buy the dollar. / End / 8. N. P /

Parliament raises a vote on the budget session half an hour to lack of quorum

2013/03/07 13:32

Term Press / Baghdad

Decided Iraqi Parliament Speaker Osama al-Nujaifi, Thursday, following the adjournment of the 13th Parliament of the second legislative term of the year the third legislative decision during the vote on the rest of the financial terms of the budget law for the current year 2013, half an hour to lack of quorum.

 

 

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Member of the economy warns of Iraq's accession to the World Trade Organization in the absence of local product

  03/07/2013

Baghdad (news) .. member of the Committee warned the economy and investment MP / coalition in Iraq / Qusay Fri, Iraq انظمام into the World Trade Organization during the current period because the economy is still dependent on foreign imports and the productive sectors is disabled.
Juma said (of the Agency news): The Ministry of Trade carefully before submitting the request to the World Trade Organization to انظمام Iraq to it, because the national economy is still dependent on foreign imports and has no products for export both oil.

He added: Admission to انظمام Organization Iraq to it during the current period will make the country lazy and non-productive because it will open its markets in the world for the purpose of imports, and thus the rebound other countries at the expense of the Iraqi economy.

Has sent the WTO a range of inquiries and requests to the Ministry of Commerce to modify file Iraq's request to join the organization.

The WTO requires commitment باتفاقياتها and pledge the state wishing to join the signing of the Accession Protocol includes approval of the application of all WTO agreements. / End / 8. N. P /

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Deputy for the rule of law: the meeting of the Council of Representatives will see today approving the budget of Finance

  03/07/2013

Baghdad (news) .. Expect a member of a coalition of state law MP / National Alliance / Sadiq gum, to witness the meeting of the Council of Representatives for today (Thursday) to vote on the remaining articles of the draft law of the financial budget for the year (2013).
The chewing gum in a statement (of the Agency news): The meeting of the Council of Representatives for a day on Wednesday saw the vote on the (11) items from the financial budget, and downed material (12) and wish to be re-rated again, he said, adding: We expect to recognize the budget in the meeting of the Council Representatives for the day, the existence of a political will for approval.

The MP for the National, that some parties of the Iraqi List exploited breach simple received meeting of the Council of Representatives for yesterday, including President of the Council, pointing out that the deputies in the Iraqi salmon Jumaili and Haider Mulla and Ahmed electrodes, entering the session to get some deputies from the meeting to vacate the quorum for the meeting , in order not to pass the budget.

And was a member of the citizen Bloc MP / National Alliance / Hassoun Fatlawi, has confirmed that the approval of the financial budget for the year (2013), a political majority, will lead to a new crisis with the Kurdistan Alliance.

Said Fatlawi (the news): The financial budget is supposed to recognize at the beginning of the current year, and we are now in the third month did not recognize, and this delay Born damage to state institutions, as well as the negative repercussions on the political level, noting that the National Alliance wants to obtain the approval of the Kurdistan approval budget, because the political majority approval without Kurdistan will create a new crisis with them.

And witnessing financial budget bill for the current year federal disputes between the federal government and the Kurdistan Region over the latter's demand to pay dues to companies operating in the Region the (4 trillion and 200 billion dinars). / End / 7. N. P /


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Iraqi parliament fails to hold a hearing to vote on the budget and delay the vote back into disarray on Wednesday

05/03/2013

BAGHDAD / obelisk: a parliamentary source said, Tuesday, that the presidency of the Iraqi Council of Representatives postponed a vote on the budget until tomorrow to a lack of quorum for the meeting.

The source told "obelisk", "The Presidency of the Council of Representatives of Iraq postponed the vote on the federal budget for the current year 2013 to on Wednesday due to a lack of quorum to hold the vote," noting that "talks are still ongoing between the various political blocs on to pass the budget" .

He added that he "hoped to hold a meeting between the leaders of political blocs and members to discuss blocs to discuss the passing of the budget."

The parliamentary source said on Tuesday that the Kurdistan Alliance asked the National Alliance to postpone the vote on the budget until after the talks between the coalitions while for House Speaker session ahead of the session for half an hour to lack of quorum, where did not attend the Hall of Parliament, only 120 deputies.

The odds of the National Alliance and the Kurdistan Alliance not to vote on the budget demands of the Kurdistan lies, judge to pay dues of the oil companies operating in Iraqi Kurdistan and $ 4.2 trillion dinars, while the federal government insists that the amount estimated 2.6 trillion.

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Economist: strengthening gold reserves would avoid Iraq from the crisis that machete areas of the dollar and the euro

  03/04/2013
 

Baghdad (news) .. Praised the economic expert on behalf of Jamil, measures to strengthen the central bank reserves of gold in addition to the dollar, describing positive step towards supporting the value of the national currency.
Jameel said (of the Agency news): there is a global economic crisis hit areas of the dollar and the euro, which will affect the economies of Third World countries, including Iraq.

He explained: that most countries of the world started custody of the dollar as the key currency because its price oscillating as a result of the global economic crisis, Valtjot to store gold is considered a safe haven for national currencies to keep them from getting lost.

He added: that a central bank to strengthen its gold reserves and reduce dependence on the dollar is a positive step and will support the national economy and the Iraqi dinar.

The reports issued by international organizations indicated that Iraq sought refuge about storing gold to enhance its gold reserves and reduce the monetary reserves of the dollar in order to preserve its assets and the stability of the exchange rate of the Iraqi dinar. / End / 8. N. P /

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