Finance parliamentary: Central Bank during the current year begins procedures deletion of zeros from the currency

04/14/2013



She said the parliamentary Finance Committee, the central bank and according to official communications of the current year starts procedures for deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and international economic.

And a member of the Finance Committee said Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) "It According to official Almkhtabat, with the central bank, it is supposed to start during this-General Balastaadadt for deleting three zeros from the local currency."

He pointed out that "the local currency will reduce from four billion to one billion unit unit which will make there انسيابة in the process of transfer of the currency."

Yasiri between that "the Finance Committee to make changes to support the local currency because of the economic importance to the country."

The central bank says that the deletion of zeros comes under a plan to develop its monetary policy and currency management reform.

He was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that "the replacement of the currency and delete Ocefarha will features the best and biggest reduce the size of inflation and revive the dinar due to lack of demand for the dollar, which comes advantages of a large economy of the country, and to replace it will revive the economy Alibd but needs to political and economic atmosphere appropriate to carry out the project without facing any obstacles lead to a deterioration of the Iraqi currency. "

The CBI had said in August that it plans to delete the zeros from the Iraqi dinar to facilitate financial transactions carried out through cash in most cases. Among the difficulties faced by Iraq if they are to foot on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then discarded and replaced with new currency

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Financial expert: increased hard currency outlets will contribute to the stability of the exchange rate of the Iraqi dinar

13-04-2013

Baghdad (news) .. He stressed former member of the House of Representatives Abdul Hadi al-Hassani, the need to strengthen economic and trade cooperation between Iraq and all the developed countries in the fields of economy, to support and develop economic sectors and systems in the country.

Hassani said (of the Agency news): The new Iraq is undergoing especially after the change of the political system, which was calling for the wars and all States Province to a decentralized democratic system, believes in the policy of the free market economy.

He continued: So should open the prospects of joint cooperation at all levels and sectors between Iraq and all economically developed countries through the exchange of experiences and bring international companies and investment consulting, support and development of the national economy.

He added: that the world has become a small village through the use of technology and technological work, registered any country access to the other country and take advantage of its potentials and energies and promote trade and economic تبادلاته with him. / End / 8.'s. M /

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Hassani: Iraq is passing through a new phase should open with the economic prospects of all countries of the world

13-04-2013

Baghdad (news) .. He stressed former member of the House of Representatives Abdul Hadi al-Hassani, the need to strengthen economic and trade cooperation between Iraq and all the developed countries in the fields of economy, to support and develop economic sectors and systems in the country.

Hassani said (of the Agency news): The new Iraq is undergoing especially after the change of the political system, which was calling for the wars and all States Province to a decentralized democratic system, believes in the policy of the free market economy.

He continued: So should open the prospects of joint cooperation at all levels and sectors between Iraq and all economically developed countries through the exchange of experiences and bring international companies and investment consulting, support and development of the national economy.

He added: that the world has become a small village through the use of technology and technological work, registered any country access to the other country and take advantage of its potentials and energies and promote trade and economic تبادلاته with him. / End / 8.'s. M /

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Jaafari: our budget more than 5 neighboring countries and our population is less than a quarter of the population, live below their levels

Friday, 12 April


Twilight News / troubled head of the Iraqi National Alliance, Ibrahim al-Jaafari, on Friday, that Iraq's budget over five countries and population of a quarter of its population live below the level of those countries, calling on voters to the need to investigate the selection of the candidate honest and efficient.

The total federal budget of $ 138 billion is the largest in the history of the Iraqi state, which included the amount of 55 billion dinars part of the investment, and $ 83 billion in the operational part.

The Iraqi government built the budget in 2013 on the basis of (90) dollars a barrel at a rate of 2.9 million barrels of oil a day.

Jaafari said in a statement obtained "Twilight News" a copy of it during a meeting with a delegation of elders and notables of Sadr City, said that "Iraq's budget than the budget of five neighboring countries, and the proportion of the population does not exceed a quarter of the population of these countries, but it lives below the standard of living; So should be a concerted effort in the fight against all types of corruption manifestations to eliminate widespread poverty among the community. "

He pointed out that "the election season would eliminate the spoilers by electing efficient, and fair, and the Secretary on the capabilities of the people; to be replaced, and works to recruit Iraq's budget properly, and contributes to raising the level of services to maintain," arguing that "non-participation in elections means to maintain the corrupt in office. "

He stressed the need to "take the voter role in the investigation of the most competent candidate, the personification of national responsibility; because elections will determine the future of Iraq for the next four years."

The Iraqis cast on the twentieth of this month voted to elect members of local councils in the provinces, while the elected army and police representatives on Saturday.

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Member of the Commission on oil: Iraq's access to full membership of the Transparency International is a positive indicator for the success of the oil policy

10-04-2013

Baghdad (news) .. Promised a member of the Oil and Energy Committee MP / National Alliance / Susan Saad, Iraq's access to full membership in the organization Transparency International in بالنقلة oil quality in the democratic atmosphere of the oil policy pursued by the Ministry of Oil.

Saad said (of the Agency news): that Iraq grant full membership in the organization Transparency International for the mining industry is a good indicator for the success of the oil policy and moral impetus towards the development and growth of the oil sector.

She added: that Iraq is one of the largest oil-producing countries and involved in this organization on the grounds that Leaderboard oil production in the world such as Saudi Arabia, Iran and even the United Arab Emirates refused to join the initiative of Transparency International.

It continued: This indicates the success of the Iraqi oil policy under the new government, especially after the fall of the regime, that there is transparency and arithmetic operations and control despite the challenges facing Iraq and the oil sector.

Was confirmed by the Iraqi Oil Ministry, last Wednesday during a ceremony organized by the Iraqi Oil Ministry in Baghdad occasion for Iraq to full membership in the initiative of transparency in the extractive industries, that Iraq is the only country in the Middle East and OPEC, which gets a full membership in the initiative of transparency in the extractive industries.

While revealed its quest completion of the monument 5000 meter at various stages of the oil industry before the end of the year 2013 the current, showed initiative that there is a 'strict conformity' data between the government and the miners on the amounts paid and received in 2010 the last of $ 52 billion. / End / 8 .. /

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New negotiations between Baghdad and Erbil

10/04/2013



Kurdistan Alliance revealed granted delegation on a visit to Baghdad soon absolute authority to conduct negotiations on the outstanding issues between the center and the region.

The alliance stressed that the return of his ministers and deputies to their sites is subject to the government's response to their demands, warned the Council of Heads of Christian denominations "serious consequences" in the event of continuing differences between the political blocs with arent the regional situation.

A spokesman for the Alliance pro-Tayeb's (Center Brief for the Iraqi Media Network), said on Tuesday: "The delegation which was formed on Monday includes five figures are Deputy Prime Minister Ruz Nuri Shaways, and the President of the Kurdistan Alliance bloc Fuad Masum, the head of the mass change Sardar Abdullah, and the head of the Islamic Union Najib Abdullah, head of the group Baber Ali ".

It is said that the presidency of the Kurdistan region first announced yesterday (Monday), the Kurdish delegation will visit Baghdad soon to deliver a message to the National Alliance include the demands of the Kurdistan Region, after Kurdish political forces reached to its final version.

He Taieb that "the task of the delegation is not to deliver a message of the Kurdistan region, but has been granted full authority to conduct negotiations in Baghdad for all the outstanding issues," adding that "the day the delegation's visit to Baghdad did not identify as being based on the second party to prepare for this meeting, but the visit will be soon. "

The deputy prime minister of the Kurdistan Alliance and other Kurdish forces, the intersection of the meetings of the House of Representatives and the Minister, on the background of the vote on the current year's budget without compatibility with the Kurdish parties.

In this regard, MP for the coalition of Kurdish blocs Azad Abu Bakr Zainal, that the return of ministers and deputy mass to their sites depends on government response to their demands, adding that the formation of committees to resolve differences 'waste of time'. Explained Zainal that "the demands of the Kurdistan Alliance demands constitutional and special items Erbil agreement, because it was agreed upon by all political blocs. "

He referred to "the lack of positive indicators to respond to the demands of the Kurdistan Alliance, despite visit by a delegation from the National Alliance to Kurdistan and agreed to form a committee," noting that "the formation of committees just procrastination and time-consuming because the demands known is no need for the formation of committees."

In the meantime, the Council of Heads of Christian denominations, the leader of the Iraqi List, Iyad Allawi, on the initiative of dialogue and reconciliation in order to rebuild Iraq, Allawi said in a statement on Tuesday, following a meeting with a delegation from the Council under the chairmanship of Patriarch Louis Raphael, "The two sides discussed the situation of Christians The political crisis plaguing the country and the peace initiative that sought by the Council of Christian denominations. "

The statement added that the delegation of heads of Christian denominations presented during the meeting, an initiative for dialogue and reconciliation in order to rebuild Iraq, explaining that it "contains the claim break the deadlock between the political blocs and the government, and solve the outstanding problems and the confirmation to speed up the consider files detainees".

The delegation stressed that the "Magistrate initiative include a round-table includes the most prominent political and religious figures from all sects and components to come out with a paper work to ensure a constructive dialogue and hard work to resolve the outstanding issues."

For his part, stressed Patriarch Raphael, that "the differences between Iraqi political blocs, and arent the regional situation, especially Syria will greatly affect the stability of the entire region, stressing that" everyone must find a solution to all these problems, and reversed the consequences will be dire. "

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CBI confirms full independence in maintaining the Iraqi economy

10/04/2013


Denied the Iraqi Central Bank of Iraq and the existence of any intervention in the currency and returned fiscal policy statements that had been fired earlier baseless and purpose of disabling the work of the Central Bank of Iraq and his policy in maintaining monetary policy in Iraq and the protection of the national currency.

Stressing the continued hard work and careful in determining the amount of damage caused by the public money resulting from the continuing indifference for eight years in the case of foreign currency auction

Calling on all parties to adopt accuracy and Almsaddaqikh in our news Bank, declaring that he will pursue any legal attempt to discredit the independence of the Central Bank of Iraq.

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