Iraq participates in meetings of the World Tourism Organization in Bahrain

08/04/2013
     
Announced Ministry of Tourism and Antiquities post Iraq high-level delegation in the meetings of the World Tourism Organization (WTO) to be hosted by the end of this month in Bahrain.

The Minister of Tourism and Antiquities, Dr. Brigade Smeisim's (Center Brief for the Iraqi Media Network) that the delegation will be headed by Advisor Ministry older Bahaa Mayah and a number of competent officials in the tourism sector, noting that Iraq will chair meetings of the Organization to be held in Manama for a period of (28 30) of the month .

He said Iraq will worksheet tourism in the Middle East and will be seminars the honored Arab tourism, as well as put a working paper concerning tourism in Iraq and call for help in the reconstruction of infrastructure for the tourism sector in the country, especially that Iraq possesses all the ingredients that help to promote the sector and bringing it to the ranks developed countries to the attributes of the tourist sites and religious, recreational and therapeutic archaeological.

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Member: Financial parliamentary plans to host the central bank governor to discuss the failures in the exchange rate of the dinar

08-04-2013

Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, for his committee's intention to host a cadre of Directors of the Central Bank of the interim discussion about fiscal and monetary matters in the country and how to develop them.

Abbas said (of the Agency news): The next few days will be hosting the Governor of the Central Bank of the agency and some of his aides in the House of Representatives, specifically in the Finance Committee for discussion about Akhavaqat exchange rate of the dinar against the dollar, and how to develop the financial and banking sector in the country.

He added: There are many complaints about the sale and purchase of foreign currency at the central bank auction and that caused the low exchange rate of the Iraqi dinar against the dollar during the last period, stressing all things will be discussed to determine the most important challenges in and out by drastic successful.

The Iraqi market has seen in weeks a significant disruption in the price of the U.S. dollar against the Iraqi dinar as the selling price of one dollar to 1280 dinars. / End / 8.'s. M /

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Economist: increased central bank sales of the dollar does not contribute to the stability of the dinar exchange rate

08-04-2013

Baghdad (news) .. Economic expert ruled out peace Quraishi, the stability of the exchange rate of the Iraqi dinar against the U.S. dollar at increasing the supply of foreign currency in the market, stressing that it will affect the size of the existing monetary reserves at the Central Bank.
Quraishi said (of the Agency news): The current monetary policy pursued by the central bank is not built on the basis of sound scientific and accurate, which led to a decline in the dinar exchange rate during the last period.

He added: that the central bank works to increase the width of the dollar in the market under the pretext of supporting the dinar exchange rate without the knowledge of the actual need for it, is what makes there is an imbalance in the principle of volumetric balance the supply and demand of foreign currency, and hence the instability of the Iraqi currency.

He warned the economic expert: increased dollar sales in the market because it will affect the size of the monetary reserves, which comes through oil exports, calling for the need to take the principle of balance in supply and demand for dollars in the market, to maintain a stable exchange rate of the dinar against the dollar. / End / 8. l. m /

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Deputy: Iraq is not eligible for انظمام to the World Trade Organization because of enacting laws and absence of a national product

08-04-2013

Baghdad (news) .. Said the decision of the Commission of Economy and Investment MP / coalition of Kurdish blocs / Mahma Khalil, that Iraq is qualified انظمام to the World Trade Organization because of the non-activation of important economic laws and the absence of local product.

Khalil said (of the Agency news): there is international support for Iraq انظمام to this global organization, but to what avail Affiliate and the country lacks a local product and dependent on imports in the base class.

He added: WTO will open horizons of cooperation with all the developed countries and enhance trade exchanges, when of Iraq currently انظمام in the absence of legislation legal task Kaltarifah customs and protecting local products and the lack of national product would hurt Iraq and will not benefit him.

He continued: because those countries Setsegl Iraq to discharge its cargo in return does not have Iraqi exports to be practical commercial exchange, calling on the federal government to activate the package of economic laws broken and encourage domestic product to seize the opportunity of joining the World Trade and the advancement of the national economy.

The World Trade Organization was in 1995, and is one of the smallest organizations global age where the WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II, and its overriding goal is to help the flow and the flow of trade Bslaslh and freedom.

And include membership in the World Trade Organization more than (140) members representing more than (90%) of the WTO. / End / 8.. /

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Economist: the importance of activating the law of economic development to boost the economy

07-04-2013

Baghdad (news) .. Called economic expert on behalf of Hadi al-Tamimi, to activate the law of economic development by the federal government to support the various economic sectors in the country, pointing out that he has been enacted in the House of Representatives during the previous session.
Tamimi said (of the Agency news): The Economic Development Act, which was enacted during the last period in the House of Representatives is one of the important laws of the national economy, because it supports the sectors of agriculture, industry and tourism.

He added: that the Iraqi constitution recommended in Article (26) interest in the different economic sectors and encourage investment to enhance the revenues of the national economy, but the economic policy followed currently متخبطة is not encouraging, led to disable a lot of important laws.

He pointed out: that there are laws many economic Off each waiting for the legislation in the House of Representatives and the other is disabled by the Council of Ministers, such as the protection of the domestic product and consumer protection tariff and prevent monopoly, saying if the activation of such laws pushed the economy forward. / End / 8 . n. r /

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Specialists: counterfeit currency re-emerged in the market and on the security authorities control

07-04-2013

Baghdad (news) / report / Hussein Faleh / .. It seems that the process of counterfeiting has become a lucrative business with the outlaws, where they appear from time to time cases of counterfeiting Iraqi groups five thousand and ten thousand dinars.

The number of citizens have complained in the provinces of Baghdad, Dhi Qar, Babel and Saladin the spread of counterfeit currency and dramatically in the market, what caused them to resort to buy dollars to keep their money.
And witnessed the exchange rate of the U.S. dollar soared against the Iraqi dinar during the last period due to increased demand to buy it.

Deputies and specialists in the economic sphere called the security authorities and the central bank to take their measures necessary to prevent the spread of counterfeit currency in order to preserve the national economy, stressing during their talk (of the Agency news) on the importance of withdrawing counterfeit currency from the market and issuing coins new carry blades security difficult to forge.

A member of the Economic Committee MP / National Alliance, / Amer the winner, called for: the Central Bank and the Economic Crime Directorate to take their measures necessary to prevent the spread of counterfeit currency of dinars in the local market.

He said the winner) for the Agency news): The phenomenon of counterfeiting has become widespread and largely in the market for a particular category (5000 - 10000) dinars, and this index threat to the national economy, because it will lose the confidence of citizens in dealing in Iraqi dinars.

He explained: that the reduction of the proliferation of counterfeit currency is the responsibility of the security agencies in the state by taking their own means to fight this economic crime and arrest the perpetrators.

He added: that the central bank to have a significant role in preventing the spread of counterfeit currency because it ستربك the national economy, by issuing coins with new technical specifications and high carrying blades difficult security fraud, and the withdrawal of counterfeit currency from the market in order to contribute to the reduction of this phenomenon.

He had announced the official spokesman of the Ministry of the Interior enable the Directorate of Economic Crime in the Directorate of Salahuddin province police to arrest gang specialized foreign currency fraud and possession of counterfeit $ 130 thousand.

The Interior Ministry also said in a statement mid-March last year that 'the police force to combat economic crime in Dhi Qar was able to adjust the printing press to the counterfeiting of currency during an inspection of one of the houses in the neighborhood of Sumer central city of Nasiriyah', noting that 'force found the amount of 1.521 million JD forged from all categories. '

As a financial expert as Hadi al-Tamimi, confirmed that the operations of printing counterfeit currency are outside the country, because it is a complicated process and accurate through which revealed a cipher security in the currency, as evidenced by the process spread of categories of the (5000 - 10000) dinars, and not all currencies.

Tamimi said (of the Agency news): The spread of these currencies in the market ستشوه dinar reputation and lose the trust of the deal, and this will cast on the national economy, calling on the security agencies to combat this phenomenon and the arrest of the perpetrators.

For his part, the Director of the Al-Rimal specialized to sell hard currency Raed Aziz: that fraud existed in the market since a long time but have begun to increase, more and more, where it began the category of the (10000) dinars, and now increased fraud and dramatically category of the (5000) dinars.

Aziz said (of the Agency news): The process of fraud is very accurate so that it is difficult to distinguish between editions (potable and counterfeit) not only in the currency of the dinar and the dollar but even in some cases, especially class (100) dollars.

He added: that the aggrieved citizen first and last of these processes simple because it is difficult for him knowing fraud, while ATM per experience reveals financial fraud in the process, regardless of currency counterfeiting detection devices.

He pointed out: that the majority of traders and citizens prefer in the last period the dollar without the dinar to avoid the phenomenon of counterfeiting, and this is what led to the increased demand to buy the dollar over the last period and increased its price against the dinar. / End / 8. N. R /

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Kuwait: We will not stand generally remove Iraq from Chapter VII

04/07/2013



Kuwaiti Ambassador to Iraq Ali insured that his country would not be an obstacle in the way of removing Iraq from Chapter VII. Comes at a time when preparing Kuwaiti Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah to visit Iraq during the current month.

The insurer considered in a statement singled out the "Center Brief for the Iraqi Media Network," that "Iraqi-Kuwaiti relations progressing significantly." And called on the Kuwaiti Ambassador to only linked to the relationship between the two parties remove Iraq from Chapter VII only, noting that the ingredients that lays the foundation for a strong relationship between the two countries is religion and the earth, Arabism and brothers.

He explained that the insured people proud of evolution happening in the relationship between the two neighboring countries, pointing out that Kuwait's position on the issue of removing Iraq from Chapter VII clear for some time and supports him out of this chapter, stressing that Kuwait will not constitute an obstacle in this direction, especially since the two sides arrived in stages advanced consolidation of relations. said the Kuwaiti Ambassador to the past period has seen a number of meetings between the two sides at the level of leaders, including visiting Emir of Kuwait Sabah Al-Ahmad Al-Sabah to Iraq and the visit of President Jalal Talabani to Kuwait as well as the visit of Prime Minister Nuri al-Maliki to Kuwait and joint committees and the Commission Supreme common foreign ministers deal with each other. He insured that all the items that hinder remove Iraq from Chapter VII ended except for two issues, namely the remains and Kuwaiti archives, noting that the solution of these two semi-Agreed leaving only proceed to implementation, saying that Kuwait submitted three proposals for a solution which is under discussion, pointing out that the approval will be on any proposal satisfies both sides.

He explained that the two sides سينتقلان to resolve the issue of compensation after the close of my mortal remains of Kuwaitis and Kuwaiti archives, revealing provide Kuwait to a proposal in this regard is waiting to answer him, especially as the United Nations dealing with this matter as well. Was likely the Kuwaiti ambassador that this month will see the visit of Prime Minister Sheikh Jaber Mubarak Al-Sabah Expected to Iraq to resolving things, noting that the delay to conduct the visit came as a result of the political changes in Kuwait as a Council elections and change and start the formation of ministries, expecting that the visit should be a week ahead of provincial elections that take place in Iraq or a week later.

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