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  • calldinar's Avatar
    Today, 05:42 PM
    Thanks dinar investor agree with you
    2 replies | 201 view(s)
  • auggie's Avatar
    Today, 01:24 PM
    Not to be downer, but man, do I remember allot of these articles and still with all their gum flapping nothing has come to fruition. I say they just might be victims of common core education, lol.
    3 replies | 147 view(s)
  • Dinar Investor's Avatar
    Today, 12:13 PM
    Retroactively .. Exchange differences salary increase for employees шаблоны сайтов joomla Details Created on Sunday, 21 September / September 2014 00:27 The launch of 37 thousand degrees in the budget of 2014 .. and install electricity contracts Baghdad Nizar al-Samarrai It is hoped that up Balancing in 2014 from the government to parliament this week, in order to be read and discussed and approved by the middle of the month Almqubl..oukal member of the Finance Committee, the parliamentary Haider al-Kaabi's ((Constitution)): that the budget will be discussed within the committee because they include the launch of 37 000 degrees Functional as well as the installation of staff contracts Alkahraba..oaodh Kaabi: that the proportion of the deficit in the budget is a very large excess of 60% must compress expenditure in the operating budget and the abolition of the investment budget for this year and the sufficiency of expenditures Home, including the arming and file of the displaced and the investment file to the provinces only to the fact that this file is important very time Alhadhar..oadav: that the budget represents the financial plan for the state in the light of the vision of the programs and activities and projects they intend to accomplish, as well as the grades that contribute to the absorption of unemployment among our children Alchaabab..oakhtaatm Kaabi his speech by saying: that the parliament will approve a budget for the three months and a half remaining this year, with the exchange rate increase approved by the Parliament earlier on the salaries of employees with retroactive effect from the beginning of this year and will be disbursed next month, according to the new peace. https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.daraddustour.com%2Findex.php%2Fhome-news%2F24951-2014-09-20-21-27-31&edit-text=&act=url ___________________________________________________________________________________________ ****NOTE QUESTIONS TO PONDER ON THIS**** Okay so they have a 60% deficit on the budget, How are they going to maintain this salary increase to the employees based only on 60% on the 2014 budget?? Where are they getting the money from? Just the budget? I don't think so. Then where are they going to get this from??? Dispersed next month? How can they AFFORD to do this when their currency is so weak based only on 60% How many employees are getting this so called increase??? Exchange rate increase for employees? Again if they haven't been able to pass the budgets on a timely basis how can they maintain this increase?? I have lots of questions on this.....
    0 replies | 76 view(s)
  • Dinar Investor's Avatar
    Today, 12:00 PM
    stressing that the nominal exchange rate is less than the real exchange rate due to a surplus in The current account in the balance of payments, The exchange rate as of right now is NOT the actual exchange rate as it should be, Let me explain again JMO take it with a grain of salt.... This COULD be because of numerous things... Again JMO here... 1.) Current exchange rate of 1166 is imposed on Iraq from Sanctions put upon them from WTO, UN, IMF etc... 2.) Instability from war Al Qaeda, ISIS 3.) Not having a solid leader in Iraq a Prime Minister to look up to 4.) Corruption from Maliki's regime 5.) Economic policy's that haven't been implemented over the past couple of years that we are now seeing movement on... Examples are HCL Budget which really hasn't been decided on for years really Banking Reform laws (Credit Cards, Investments, Electronic payments ETC) Laws that pertain to the Private Sector 6.) Sacking of the CBI Governor Shabibi 7.) Not having a product other than Oil to produce to the International Community for trade 8.) Moves which we are seeing now on the printing of new denoms to gradually pull from the market along with an increase of the exchange rate gradually (I believe the RV will be different in Iraq then to the rest of the world) Just to name a few.... There's more but I can't think right now LOL!
    2 replies | 201 view(s)
  • starlord6d6d's Avatar
    Today, 11:54 AM
    This investment is going to happen, it's just a question of when. I think that I remember looking at these articles over the years on here, hoping that each one was a clue that we were closer and closer to the RV. I have a long time been waiting to see this and will continue to wait, but as all of us, I would just like this one investment to be over. Ever keeping the Faith. Thanks for the post, it's awesome!
    3 replies | 147 view(s)
  • wsimon's Avatar
    Today, 11:29 AM
    It might take a while to add up all of Maliki's theft!
    1 replies | 65 view(s)
  • BASSER's Avatar
    Today, 10:54 AM
    LOL. Before I read your thoughts guardian I read the article thinking "Really? I would be embarrassed to even bring this up. I have lost any sympathetic feelings toward the situation Iraq has themselves in a long time ago. Get off your asses and do something!!!! It's of little surprise that the United Nations has reported that several countries have made it known that they will be supporting military actions to to rid the Middle East of ISIS. Only one problem, No support from the Middle East. SHOCKER!!!! Let's sit back an complain about things, beg for help, get the help, then talk about how the rest of the world is in your business........exhausting.
    5 replies | 286 view(s)
  • BASSER's Avatar
    Today, 10:41 AM
    Thanks DI. I for one could use some encoragement regarding this investment. Thanks again.
    3 replies | 147 view(s)
  • Dinar Investor's Avatar
    Today, 09:38 AM
    FIRST OFF, I JUST WANTED TO POST THIS TO REFRESH EVERYONE'S MEMORY THAT THIS INVESTMENT IS STILL GOOD! THERE IS ALOT OF INFORMATION HERE THAT CAN GIVE US TINY CLUES AS HOW THIS INVESTMENT MAY PAN OUT FOR US AND GIVE US CLUES ON WHAT MOVES IRAQ AND THE CBI MIGHT PULL NEXT TO GET US TO THE REVALUATION OF THE IRAQI DINAR..... ALL THESE ARTICLES ARE FROM 2014 PRESENT UNTIL 2012 _______________________________________________________________________ News About The Three Zeros Unlike political economist on the deletion of zeros from the currency, and experts are putting the decision, however, the central Sat Sep 20 2014 11:58 | (Voice of Iraq) Counting Economists, on Saturday, the deletion of zeros from the Iraqi currency trend "sensitive and dangerous" in light of the situation, which passes through the country, and while Okdakharon that the process is left to the decision of the CBI for being concerned only in the monetary policy of the country, he stressed deputies in the Parliament on the need to be the process of deletion of zeros techniques and procedures in accordance with the sound. He said the former deputy governor of the Iraqi Central Bank Mazhar Mohammad Saleh in an interview to the (long-Presse), "The time is not ripe for the implementation of the policy of the central bank with regard to the deletion of zeros from the local currency, because this process needs to political and security stability, and Iraq today are exposed to terrorize large and fierce war , "noting that" the process of monetary reform of this magnitude take place in conditions of peace and significant economic growth. " Saleh added that "this issue is sensitive and dangerous and should be avoided, and can be applied at least in the medium term through the next two years." For his part, Undersecretary of the Ministry of Planning Mahdi Keywords in an interview to the (long-Presse), that "this issue is linked to the expertise and advice that enjoyed by the CBI when it decides to delete the zeros." He explained: "It perhaps this trend is not a priority for the central bank during this period," attributing it to "the lack of significant effects for the deletion of zeros on the overall economic activity now." He pointed out that the relationship "This measure is one of the phenomena that must pay attention to it Petrhik display the currency." For his part, President of the Association of Iraqi banks Adnan Chalabi said in an interview to the (long-Presse), "The process of deleting the zeros belonging to the Central Bank of Iraq alone," noting that "this process needs to techniques and technical aspects, we can not interfere with the central bank is alone on this It's because it is monetary policy. " In turn predicted MP Ali Fayad said in an interview to the (long-Presse), that "the coming times may provide a base for building a new economy by changing the currency and delete the zeros of some of them." Fayad confirmed that "This measure will give durability and optimism strongly the Iraqi currency," stressing the need to "be subject to the mechanics and relevant experts in the field of banking and monetary aspects of the economy, and must be accurate so as not to affect the local economy." For his part, former MP Abdul Xiaa Sudanese in an interview with the (long-Presse), said that "it is very important that the current government to delete the zeros from the currency," noting that "the previous government was not able to perform this operation, although it reached its final stages, but fell After that deteriorated the Iraqi currency in 2012. " He pointed out that the Sudanese "the deletion of zeros from the currency needs to stabilize the currency and this is currently available in Iraq." The Finance Committee of the House of Representatives unveiled in the former, (August 15, 2013), the postponement of the process of deletion of zeros from the currency until after the next parliamentary elections, while confirming that the government has demanded guarantees for the non-return of the currency markets and substituted falsified. The CBI emphasized, in the (April 25, 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying the reports in this regard. Referred to the General Secretariat of the Council of Ministers announced (April 12, 2012), wait for the application process to delete the zeros from the national currency, which had to stop all actions relating to the operation mentioned until further notice. It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to stabilize the political and security as well as stability Alaguetsada.okan CBI confirmed, (in the July 3, 2013) that Iraq is "in control of his money The treasury of gold "in global banks, which of acting out, denying" the existence of frozen funds outside the control of the Iraqi administration, "While revealed that the Bank reserves reached 76 billion dollars in the month of May last year, counting out of Chapter VII that" will allow Iraq's freedom to act to attract more foreign investment. " The International Monetary Fund, announced, in the (March 23, 2013), that the financial balances preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and the cash reserves of the Central Bank of hard currency to 70 billion dollars, and pointed out that this increase came from the "revenue oil unexpected ", called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for the strengthening of Iraq's public financial institutions to ensure efficiency and transparency in the use of oil revenues. Predicted USAID, in (December 3, 2012) that leads the Iraqi economy, the Arab countries during the five years, asserting that Iraq possessed all the qualifications to be a strong state Aqtsadia.oihol Iraq for years to attract foreign capital to develop its economy in the fields of industry, especially those related to oil housing and oil and gas extraction, and so need of the funds needed for infrastructure development and reconstruction, but Mariqben assert that lack of interest in the state to the private sector and the absence of investment laws which guarantees large investors and the absence of other laws are still obstacles to the development of the economy in the form required. Depends Iraq, which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about 2.0009 million barrels a day, while the issue up to 2.0002 million barrels a day. The UN Security Council votes, Thursday (the 27th of June 2013), a unanimous decision to remove Iraq from Chapter VII, after more than two decades of sanctions imposed in the wake of which the invasion of the former regime of Kuwait in the second of August, 1990. Read more: http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D167610&usg=ALkJrhga3Pmln8GBT5S91LAhXTIcz20DMw#ixzz3DqUqRBd3 _________________________________________________________________________________________________ Experts: Delete the zeros from the dinar increases its strength against the dollar and easy to draw a price policy Posted: February 23, 2014 in Iraqi Dinar/Politics 02.22.2014 He said experts and specialists in regard the country’s financial The implementation of the project to delete the zeros from the Iraqi dinar will increase the strength against the U.S. dollar, in addition to facilitating the drawing political price in the country, as demanded a parliamentary committee by clicking on the government, “which disrupted the project” to force it to be implemented through texts Constitutional which allows the printing of a new currency, pointing out that the country’s exit from Chapter VII, and to achieve the balance of Iraq’s 76 billion dollars in international banks catalysts to delete the zeros. The decision of the Commission on Economy and Investment parliamentary Mahma Khalil said in an interview with the “long” The parking Government against activating the decision to delete three zeros from the Iraqi currency under the pretext of fear of counterfeit currency is not justified, especially as the regional climate is ripe after the withdrawal of Iraq from Chapter VII and raced companies Global investment to invest in Iraq. He added that there is a legitimate action as a means of pressure on a government to force it to retreat from its position, including recourse to the constitutional provisions that allow the printing of a new currency and to address the weakness of the Iraqi dinar against the U.S. dollar as a necessity of economic urgency after that had a balance of Iraq’s sovereign global banks 76 billion dollars. For his part, said economic expert Majid picture “long” The Central Bank of Iraq in agreement with the Ministry of Finance presented the studies necessary for the process of deletion of zeros since 2008 and has taken all actions relating to the restructuring of the Iraqi currency, including the design of the currency and denominations and the quality of paper used her, who confirmed that from the finest stainless paper cash or difficulty falsified. He added that the executive branch has decided to postpone the process of restructuring of the Iraqi currency, which led to the cessation of all actions related to this project, explaining that the aim of the restructuring process is to reduce the cost of handling and facilitate transactions handled, especially medium and large as well as to facilitate the draw price policy in the country. He stressed the need to accompany the process a package of measures distributed responsibility on all departments and state institutions and banks in order to develop solutions to the problems and obstacles that can arise during the process of restructuring, including cash, and accounting, and security as well as take the necessary measures to destroy the currency received canceled. He pointed out that the experience of Iraq to replace the currency in 2003 was very rich, but did not exceed only change the shape of the currency and replace it, so you do not need accounting requirements or legal, calling for the need to educate departments, banks and citizens feasibility of restructuring the currency as well as the use of modern technologies to detect fraud, also called to the non-interference of politicians and subjecting such decisions to Mazidat and political skirmishes, because that is not in the interest of monetary policy and the Iraqi economy. Meanwhile, a financial expert, Thamer Alheimus “long” that highlighted the benefits of the deletion of zeros is to create flexibility and ease of trading, and gave the example that in the case of activation of the decision will be coin values ​​of small Kkhmsin fils or less, and under that will highlight the prices between the fourth dinars and half dinars or less, and thus would be unlikely in a large increase in the value of the Iraqi dinar against the U.S. dollar in the case of Sir prudent monetary policy according to which it will contribute to the improvement of household incomes and low-income social strata. http://bit.ly/1h1HL5Z _________________________________________________________________________ Deletion of zeros from the Iraqi dinar / Adel owner Ali 11/10/2013 Raised the issue of deletion of zeros from the Iraqi dinar and promoted by the central bank in recent times a lot of talk among professionals about the economic feasibility and its impact on the Iraqi economy, has reported advisers at the central bank that the deletion of zeros will help to alleviate the Event inflation suffered by the Iraqi economy where This action will help to reduce the money supply in the country, which according to them is one of the causes of inflation arguing that the timing is so suitable for the stability of the Iraqi economy, which is experiencing a stable dinar exchange rate against foreign currencies. Is Xavi on specialists in monetary policy, economists how dangerous this procedure on the Iraqi economy at this time, as the results that are expected to achieve a reduction of inflation do not need to delete the zeros, but you need to development work in the field of the real economy and not a placebo policies cash is a reflection of the reality the real economy, which is production of goods and services and when we want the reduction of limited inflation must look to the productive sectors in the country and help them obtain the salvation of the obstacles they face and live up by the local industry through the provision of support to them in addition to doing codified volume of goods and imported goods through taxes, tariffs, customs and other legislation and laws that guarantee prosperity for all sectors of local industry. We need authorized the reduction of inflation led to deliberate and sustainable development organization for all the real economy based facilities monetary policy and fiscal policy in turn through the coordination between the various policies and development plans. A lot of concerns surrounding the process of deletion of zeros, if we look at the countries that have done so are the latest countries are Turkey, we find that it has a strong economy and stable and that this process has stages and the most important is the community's understanding of this process in all its details and absorbed for the new currency, but if we do that there are a lot risks and concerns that must be put into consideration, including the possibility of confusing the economic lead to loss of confidence in the Iraqi dinar and the possibility of exchange rate changes in addition to the cost of the new currency and especially that Iraq did not possess Press private, but prints the currency in Britain, not to mention the difficulties related to balancing the state and investment plans debt and equities, bonds and other risks which may be caused by the move. That the deletion of zeros from the currency is not a treatment, but comes as a necessity when the economy situation of the growth of a continuous and stable full, not stability, they are talking about is the stability of the exchange rate is stable and placebo because it is not based on economic power, when it is the process of removing zeros from the currency is necessary because it helps to coordinate between policy and give plans and clearer more with numbers understandable for all and contribute to the reduction of the money supply and more importantly that this process must be carried out at different stages according to a deliberate plan and that the process is educating for the new currency in all ways and methods to accommodate by the citizen and the investor. When you take a closer look at the reality of the Iraqi economy, we find that the dependence on oil, primarily the basis for the financing of the state budget, in addition to loans and income from simple, and industrial and agricultural production and other sectors is negligible clear to us is that the so procedure does not achieve any growth of the national economy, but may contribute to reactions affect a negative impact on the general economic situation, and the reduction of limited inflation, a main justification for all this will not be achieved as soon as the deletion of zeros and that this process will not achieve any increase in the purchasing value of the Iraqi dinar frequency in the news lately about the process of deleting three zeros from the Iraqi currency under the pretext of reducing the amount of money in the markets and raise the value of the currency against the global foreign exchange, which reflects positively on the economic situation of the country and the return of Iraqi dinar to its former glory and glory before the first Gulf War But reduce the amount of money is not a formal is the most effective solution to the problem of inflation and revive the country's economic situation Who became a yield economy depends mainly on what issued by the country of Petroleum. But the problem lies in the difference between what is produced locally from goods and imports and work to reduce the madder between exports and imports so that the country produces Ihottagh of food agriculture local available merits of the wealth of water and muck only need to support the government as well as goods manufactured locally, which is produced in neighboring countries, less potential and wealth of material and human resources of Iraq, which is available where all means of development and this step, we have maintained the hard currency of migration out of the country and thus add real value of the Iraqi dinar and create jobs to support the economy and reduce unemployment It must be noted that there are important steps should be taken before the replacement process, but it spread the culture of the Iraqi individual in how to deal with currency precedent and a new currency on the market and not to be drawn behind the rumors promoted by weakening the souls of beneficiaries that the old currency value As happened in replacing the current currency after 2003 as well as to be government control of the bankers The government and private banks and ensure impartiality and non-extortion for the simple citizen against the replacement of the old currency. Adel owner Ali ___________________________________________________________________________________ Delay in omission of zeros from Iraqi currency may harm its economy 16 Aug 2013 The lifting of the international sanctions from the Iraq government has taken place recently. This led as a chance for the Iraqi government to reduce the difference between Iraqi dinar and other foreign currencies. There are so many discussions taking place of late and most of the economists favor Iraq to omit zeros from its currencies. The Central Bank of Iraq is looking at this matter with high concern and due to building process of strategies, there are some delays. However, there is a threat that has been clouded around the Iraqi economic scenario, regarding this delay from the end of the Central Bank of Iraq authority. It is assumed that Iraq may lose billions of dollars due to this delay. Abdul Hussein Al-yasiri, a member of parliamentary Finance Committee, has recently mentioned that lifting of UN sanctions on Iraq has given the country a fair chance to rejuvenate its economy. As the country is receiving high investments from different parts of the world, it is the right time to reconstruct its economic infrastructure and strengthen its economy. For rejuvenating the country’s economy, the first step would be taking the country to a new leap through omitting three zeros from the Iraqi currencies. He also added that it is quite possible to strengthen the Iraqi dinar by raising its value and the present scenario in the country is in favor of that. He mentioned, “Country’s exit from Chapter VII on the political side, contributed to the liberation of Iraq will on the economic side, give Iraq much room on important issues including banking, on Iraqi and foreign currency trading, as well as investment in Iraq has not been able to attract investment during the previous period.” He mentioned that there are a few sectors in Iraq which are needed to be developed and have high potentials. Agriculture, tourism, construction, communication, etc. are a few sectors, which have high potentials. However, oil sector is the base of Iraqi economy at present and the nation is building itself, depending on the oil industrial development. As a result, government is also expensing highly on this sector in order to reap out more benefits from this sector of the country. Mr. Abdul Hussein Al-yasiri also remarked, “The procedures be adopted to increase the value of the dinar currency, requires the Government to pay tribute to all sectors of production and investment to support the local currency.” Updated 16 Aug 2013 | Soruce: Badr Press | By S.Seal http://www.iraqdirectory.com/en/2013/08/16/24801/delay-in-omission-of-zeros-from-iraqi-currency-may-harm-its-economy.aspx _________________________________________________________________________________________________________ Economic committee member urged CBI to resume the project of deletion of zeros from Iraqi dinars 09 Aug 2013 Parliamentary commission of economy and investment of the Central Bank has been called by Iraq news network, in order to discuss the significance and process of deletion of zeros from the Iraqi currencies. It has to be noted that Iraq has recently got freedom from the sanctions of Chapter VII and according to the economic experts; it is advantageous to make decisions regarding restructuring of Iraqi currency at this moment. As the sanctions have been withdrawn, it is expected that Iraq will gain more business power in the world and will soon become a popular place for business venture. In the presence of members of the Committee on the economy and investment, MP Khalil mehma stated that the Central Bank should start a currency structure as a purely economic issue. The Attorney pointed out on this issue that Iraqi constitution should be changed accordingly if Iraqi dinar has to be reformatted. He also mentioned that Iraq will be the first country to take this initiative of deleting zeros from its currencies. The government of Iraq has taken some significant steps to build the future of Iraq on the foundation of the foreign investments into the country. Central Bank’s initiative to omit zeros will make the economy of the country stable and certainly will help the investors. Not only that, the common people of Iraq will also be benefitted if such measures take place in near future as this will lead to price stability of the market goods. MP Khalil also added that the project to omit zeros from the currencies of Iraq was pending due to the obligations of chapter VII. According to him government and the Central Bank of Iraq should rethink on this matter and should take swift measures to strengthen the economy of Iraq. Attorney Abdul Hussein abtan said project delays and the survival of the zeros in the Iraqi currency is reasonable as the Iraqi Central Bank reserves of 76 billion dollars and now dealing in thousands. In the month of August of last year, the CBI stated that it was then planning on omission of zeros from the Iraqi currencies. The deletion of Iraqi dinar will facilitate financial transactions made through cash. However, there is a bigger challenge in the way of deletion of zeros from the Iraqi currency. Presently, more than 30 trillion dinars circulating in the Iraqi market which have to be discarded and replaced with a new currency. This task would not be easy, as opined by experts and observers. Updated 09 Aug 2013 | Soruce: AIN | By S.Seal http://www.iraqdirectory.com/en/2013/08/09/24751/economic-committee-member-urged-cbi-to-resume-the-project-of-deletion-of-zeros-from-iraqi-dinars.aspx ________________________________________________________________________________________________________________________________________________________ Economic Parlimentary we ask is implementing a project to delete the zeros 07/10/2013 BAGHDAD / JD / .. confirmed the parliamentary economic committee in the House of Representatives that the committee demanded that the Central Bank is implementing a project to delete the zeros from the Iraqi currency. He said the Commission's decision MP economic Mahma Khalil Qassem told / JD / day: that the Central Committee had requested to reconsider the project and for purely economic reasons, is to maintain and improve the Iraqi currency against other currencies. Khalil explained that this project is an old project was discussed in accordance with the laws in force in the central bank, and now a year after the discussion we see that the time is right, especially after the withdrawal of Iraq from Chapter VII of the revival of this project. The Iraqi Central Bank estimated Estimated cost of the project to delete the zeros from the currency up to 172 billion dinars .. She said a special study project to delete the zeros received / JD / copy: The speculative total cost of the project to delete the zeros up to a hundred and seventy-two billion dinars ".. The bank said in the study that the wages of transport and insurance of the role of copyright to the Baghdad International Airport up to (140), calculated on the basis of the ratio between the highest and lowest price (90-189) billion dinars from the presentations made by the companies .. He added that "Estimated cost Mint coins of the new currency amounting to 16 billion dinars," .. The bank continued, "The wages of cargo transportation, Fridays and public holidays, overtime, etc. amounting to 15 billion dinars," .. He pointed out that the cost of the media campaign and miscellaneous costs up to (1) billion dinars .. He recalled the bank the cost of the replacement process for the period from 15/10/2003 and the Bank of the reasons for the deletion of zeros, the first being that the process of deletion of zeros will be an opportunity to add new properties of the Iraqi currency to prevent potential counterfeiting of the new currency through the use of specifications of high security, leading to increased customer confidence ( and public institutions) as a result of low or no cases of counterfeiting .. He pointed out that the second reason that the process of deleting the zeros will reduce Alokiem digital currency and financial Almahacbah and may play to reduce the time, effort and cost required to complete financial transactions and accounting as well as the possibility of reducing the number of banknotes traded especially if it were printed banknotes categories big ".. He said the third reason, it enhances the possibility of maintaining the exchange rate of the Iraqi dinar against foreign currencies earned the confidence of dealers. / End / Mona Fatlawi / ________________________________________________________________________________________________________________________ Banker: any disregard for the challenges of the project will fail and cause big losses 29/04/2013 12:53 AM Divergence of views on the project to delete the zeros BAGHDAD - Ann Salah Central problems and the fluctuation of currency exchange rates and efforts to raise the value of the Iraqi dinar stand again placed the deletion of zeros from the Iraqi dinar and characterized by differing views around between the Finance Committee representative on the one hand and the Central Bank on the other, the former demanding the implementation of the project while the second calls for lingered despite the fact that the administration its predecessor was one of the enthusiasts for this project. In order to create a state of convergence between the points of view of both sides to be heard other parties relevant was this meeting with us banking expert Abdul Rahman Abdul Salam al-Sheikhli, who spoke of the "morning" about the most important challenges facing the project. , Shaykhli say there is a legal ambiguity on the subject regard to public بالمديونيات between citizens on the one hand (creditors and debtors) Here we must find a legal settlement to this thread. As seen Shaykhli that there is fear of currency counterfeiting and this is becoming of things for granted and must deal with this matter as a matter of fact, but he sees no reason to delay the project when taken into account with the development of hedges for it. He hinted that at first there was a difference in views between the Parliamentary Committee on Finance and the Central Bank which requires finding a case of convergence, but we now see the emergence of a difference of views between the Council of Ministers, which demanded the previous administration to slow down the project and the current view of the same subject with the new administration. And Shaikhly pointed out that there is a very important topic links between the project and the bound between economic security and political security, which makes the implementation of this project is not appropriate at the present time because of the large differences that beset the country and that must be reflected negatively on the success of the project. He noted that the project is the cost is considerable financial and burdening the state and the citizen under these conditions the vessels, and believes that to امبرر her present time according to the most important priorities, and reiterated that such a decision is not appropriate in the present time. The Secretary General of the Council of Ministers has said on a previous occasion that the process of the currency exchange cost 172 billion dinars, the equivalent of almost $ 150 million in order to satisfy the printing expenses, transportation and insurance, in addition to the costs of destruction that the new currency will be in three languages ​​Arabic, English and Kurdish. And cash in circulation now up to 30 trillion dinars (equivalent to U.S. $ 27 billion). As the economic advisor to the Prime Minister had pointed out that the process cost both institutions (the government and the central bank) and the time and effort is necessary in the present time. And called Shaykhli to study the experiences of other countries in this area as an experiment, for example, Turkey has had to delete 6 zeros from its currency, but it has taken this decision after it secured a stable significant security was lacking to him. He said the most important in the whole process he Aaijeri project only after the stability of the exchange rate of the Iraqi dinar relative to other foreign currencies traded in Iraq كالدولار and the euro, adding that work is underway central bank to get to the exchange rate of the dollar against the Iraqi dinar, including not more than one thousand dinars per dollar maximum . banking expert concluded Abdulrahman Shaykhli his speech by saying when conditions are appropriate to look at the project seriously and when the ground is well suited for the success of the project because no ignoring these challenges may fail project and يؤجله the order may not wish to get to him. http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http%3A%2F%2Fwww.alsabaah.iq%2FArticleShow.aspx%3FID%3D45607 Varied opinions and different views: Politicians: the project to delete the zeros «important; Economists: unimportant Posted: April 28, 2013 in Iraqi Dinar/Politics Tags: Central bank, Central Bank Iraq, Currency, exchange rate, Iraq, iraqi, Iraqi dinar, Money laundering 04/27/2013 09:04 Iraqi observer – specialThe project to delete the zeros before long and is applicable of the important projects that work to reduce the volume of currency large circulating in Iraq and that اتخلو of risk in the event did not take a deliberate plan by the central bank to Ihlolh without impact on the consequences of money laundering and fraud, has stressed member Economic Commission Abdulabas Xiaa the importance of the formation of committees control of all state institutions to pursue the process of destroying the old currency in the implementation of the project to delete the three zeroes from the national currency, because the project to delete the three zeroes is one of the important projects and sensitive because it is linked to public money, process of implementation should be monitored and accurate to prevent fraud and manipulation and money laundering. And practical measures to destroy the old currency must be under the control of the House of Representatives and government institutions in the country and with the participation of the media through the formation of committees to control, to prevent tampering and theft by some quarters, and continued: that the central bank gave a deadline of two years for the process of replacing the old currency currency of a new, has identified the Economic Commission earlier date for the implementation of the project to delete the three zeroes from the currency early this year (2014), asserting that the Central Bank to develop procedures limit fraud and manipulation that may accompany the process of replacing the currency, and this project ايعد to delete the three zeroes from the Iraqi currency only but re-structuring currency in terms of reduction of banknotes, and will be the highest category of paper (200) dinars, which is shorthand for the $ (200) thousand dinars, equivalent to (170) dollars. and the central bank will begin its procedures proactive implementation of the project during the current year Ktba currency and contracting with companies to be after the process of replacing the currency in the beginning of next year, the central bank put strict measures to prevent fraud that may accompany the replacement process, and the country needs a draft restructuring currency after deleting three zeros from being coming to an expected increase in revenue of Finance in the coming years, it Sechtzel figures and banknotes. It showed the Economic Commission that the project will include Coins & Stamps, and consists of categories (half JD, JD, JD 5, 10 dinars, 25 dinars, 50 dinars, 100 dinars, 200 dinars), so that the employee if his salary million Vestelm thousand dinars, five categories of paper of class (200) dinars, stressing that this process will facilitate a lot of things fiscal and monetary. Observers believe economists that the draft of the new currency would not change a thing of the purchasing power of the Iraqi dinar and its effects are limited to organizational matters and reduce the size of the Currency massive rolling in Iraq., As well as stop the cycle of the Iraqi economy, which is one of the most important challenges facing policy makers in developing countries in general and Iraq in particular, which means the use of the U.S. dollar or any foreign currency has a capacity replacement of the national currency in transactions and contracts internal financial and counted a store of value at the same time. either positive second will be through reducing inflation rates Balamd average, which include raising the external value of the Iraqi dinar (ie, the nominal exchange rate) in a manner commensurate with the real exchange rate to contain inflationary expectations, taking into consideration the trends apparent inflationary and the level of acceptance and availability of reserves inflationary and the level of acceptance and availability of international reserves at the Central Bank of Iraq and a way inhibits inflationary expectations and reducing the speed of circulation coins , the deleting three zeros means converting 30 trillion dinars to 30 billion dollars by deleting three zeros from the current currency and replace it with a new currency. http://bit.ly/11uoaBr Iraqi Central Bank: No intentions to strike out zeros from the currency 26-04-2013 - 13:00 Business Editor: Ghassan Hamed Iraqi Central Bank expressed on Thursday that it does not intend to restructure Iraqi currency of strike out the three zeros, denying any news pertaining to Iraqi Dinar redenomination . “Some media stations reported statements that the Central Bank was thinking about restructuring the Iraqi currency and striking out the three zeros”, said the bank in a statement of which Alsumaria got a copy. It added “the Bank, considered to be the only authority or reference to make such statement, points out that we have no intention to restructure currency or strike zeros out”. Local news stations have reported a few days before that currency restructuring and removing zeros will soon take place considering that this will lead to promoting currency exchange and international economic transactions, in a new development on the Iraqi currency forefront. The general secretariat of the cabinet announced on April 12 that it will carefully reconsider striking out zeros which entails suspending all monetary activity until further notice. Some economy experts consider that Iraq is not ready at the time for striking out the zeros from the Dinar, pointing out that such operation required security, political and economic stability. Deputy: the need to control the formation of committees to destroy the old currency in the implementation of the project to delete the three zeroes 25-04-2013 12:27 PM Baghdad (news) .. Stressed member of the Economic Commission MP / National Alliance / Abdulabas the Xiaa, the importance of the formation of the supervisory committees of all state institutions to pursue the process of destroying the old currency in the implementation of the project to delete the three zeroes from the national currency. And said Xiaa (of the Agency news): The project to delete the three zeroes is one of the important projects and sensitive because it is linked with public money, its implementation process must be monitored and accurate to prevent fraud and manipulation and money laundering. He explained: that practical measures to destroy the old currency must be under the control of the House of Representatives and government institutions in the country and with the participation of the media during the formation of committees to control, to prevent tampering and theft by some quarters. He added: that the central bank gave a deadline of two years for the process of replacing the old currency currency deleted them zeros, to be handled together, that is the process of absorption of the old currency from the market so did not feel the citizen. / End / 8.'s. M / http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D1628273 Economic center: the success of the project to delete the three zeroes depends on the stability of the exchange rate of the dinar against the dollar Agency news - 04/21/2013 - 12:45 pm Baghdad (news) .. Head of the Media Center said the economic Dergham Mohammed Ali, that the success of the implementation of the project to delete the three zeroes from the national currency depends on the stability of the exchange rate of the dinar against the dollar and educate citizens and give them enough time to replace the currency. Muhammad Ali said (of the Agency news): The economic reality of the past year and the previous one was better poised to receive the decision to delete the zeros through the market is unable to absorb its effects because of the high stability, which was dominated by the exchange rate of the dinar against the dollar at the time. He continued: While the market has become more sensitive and broader change than it was a Mitrah question the reasons for the postponement of this decision, but the implementation is still possible in the event of education in a positive way and give long enough to bring a replacement span for two years as planned during which the currency traded zero and currency Deleted zeros. He added: that the central bank demands to confirm the unit value between the two currencies and start substitution out for the new currency and ادارجها within the trade and the rule of replacement controls strict and controlled high in order to prevent money laundering, and control strictly operations splurge of the coin ancient This allows the switch smoothly and safe. He stressed: the need for the central bank to focus on his tools to re-dinar exchange rate to the target levels, the successful implementation of the project. / End / 8.'s. M / Economic Parliamentary: Delete the three zeroes from the currency will not see the light after the dismissal of Shabibi Wednesday, 17 April / May 2013 16:50 Twilight News / ruled out the decision of the Economic Committee in the House of Representatives Mahma Khalil, Wednesday, that is to delete the three zeroes from the currency of Iraq over the next year, returned to the changes, which affected the CBI may prevent the process of restructuring the national currency, as well as having a previous request to the government to wait In the beginning the currency exchange procedures. He was a member of the Finance Committee parliamentary Abdul Hussein al-Yassiri had announced, earlier, that the central bank and according to official communications of the current year starts procedures for deleting three zeros from the local currency, stressing that it would lead to the development of cash transactions and international economic. Khalil said in an interview with "Twilight News", that "the project to delete three zeros from the Iraqi currency had arrived from the Central Bank of the parliamentary economic committee earlier." However, Khalil said that "the Iraqi government has asked to wait to begin the project under false pretenses, although the application and currency restructuring is purely economic projects as well as it contributes to the safety of the national currency." He believes that "the policy of the central bank policy today is unsuccessful, did not succeed in lifting the siege of the Iraqi dinar, and the issue of the currency exchange as she could not keep the hard currency within the environment of Iraq." He described the decision of the Economic Committee that "the interest of Iraq to conduct restructuring of the Iraqi currency and delete the three zeroes, which is a vital economic project and to keep the currency from counterfeiting and damage." According to Khalil, the "There are international companies giant has a desire to implement this project, and sent appliances for this purpose for Iraq," noting that "Iraq is not the only country that is restructuring its currency national, has preceded us Turkey so, as there are many countries that its economy Exhausted the structuring of its national currency. " He pointed out that "the printed forms of the new currency (after deleting three zeros) include half a dinar and five dinars and ten dinars, 25 and 50 dinars, and the parameters of the country and its culture," noting that "if the deletion of zeros, the value of the dinar per be equal one dollar or so." And on the possibility to witness the next year, the birth of the new Iraqi currency, Khalil said, "We serve as the economic and the central bank is linked with us, we demanded from the bank to keep this project exists," but he also said, "The government asked to wait, and I think that what happened on the Central Bank of the changes and the appointment of New Acting Governor means that this project will not even see the light in the coming year as well. " The Iraqi government has decided to end of October last year, set the head of the Office of Financial Supervision Abdul Basit Turki, rather than Shabibi article the former government's decision, after criticism by the parliamentary Finance Committee relating to the mismanagement of funds and addressed to Alshabibi and other bankers officials. 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 get rid of them and replace them with a new currency. The Finance Ministry has ruled out earlier in the deletion of zeros from the local currency in 2013 because the budget is calculated in current currency. X G / J http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http%3A%2F%2Fwww.shafaaq.com%2Fsh2%2Findex.php%2Fnews%2Feconomy-news%2F56188-2013-04-17-13-55-00.html Three zeros to be cancelled from Iraqi currency, says MP 16 Apr 2013 Parliamentary Finance Commission MP stated that the Central Bank of Iraq will soon cancel the zeros from the Iraqi currency. MP Abdul Hussein al-Yassiri revealed that it will happen by this as the Central Bank of Iraq is taking all necessary steps to convert this plan into reality. He adds that the commission is in favor of Central Bank of Iraq with this decision as this will bring significant changes in the Iraqi economy. It is to be noted that earlier Central Bank reported that cancelling out zeros from Iraqi currency is under planning of the Bank. The prime difficulty will be - is withdrawing 30 trillion dinars from the Iraqi market at the present time which will be replaced by new currency. Previously the decision of eliminating zeros from Iraqi currency was not ratified by ministry of finance as the budget was done with the present currency. Updated 16 Apr 2013 | Soruce: Aswat Al Iraq | By S.Seal http://www.iraqdirectory.com/en/2013/04/16/23689/three-zeros-to-be-cancelled-from-iraqi-currency-says-mp.aspx Why means delete the Iraq 3 zeros from the Iraqi dinar? 17-04-2013 | (Voice of Iraq) A. D. Mohamed Ibrahim Saka According to "CNN" announced the Finance Committee in the Iraqi Parliament that the central bank will begin in the current year by deleting three zeros from the local currency, in other words that the currency unit class A dinars from the old currency will be replaced dinar and only one of the new currency, and so on. Move the oldest by Iraq intended to reform the system of local currency which is based on the use of currency denominations are too high, which leads to difficulties in dealing in special accounts transactions, as well as higher prices resulting from the use of monetary units categories are high, which leads to a decline in the rate Exchange rates and lower purchasing power of the dinar in a big way. In periods of turmoil cash and declining public revenues of the state at a time when increasing the expenditures, resort states often to print more of its currency, leading to higher prices and the occurrence of high inflation, arise the need to currencies with classes as high as one thousand and one hundred thousand and one million ... Etc.. With each increase in the categories currency enters the economy in the midst of inflation. One way to control the high inflation is a monetary reform, combined with a change in monetary policy by replacing the old currency Pfiadtha high with new categories of currency even lower prices tend to decline. But does he have on inflation? The answer is no, because the elimination of inflation state is required to follow a moderate monetary policy. Read more: http://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D96527&usg=ALkJrhga0Z82xUbYDQr4O-9WpGRCifI66A#ixzz2QnaHnBRv Abbasn sheyaa: Central Bank establish procedures to prevent fraud at the changeover after deleting three zeros from 17-04-20 13 07:16 AM Baghdad (newsletter). Detection of economy and Investment Committee member MP//-abbasn sheyaa, the date of implementation of the project to delete the three zeros from the currency early this year (2014), stressing that the Central Bank measures to limit fraud and manipulation that may accompany the Exchange process. Said sheyaa (News Agency): the project is to delete three zeros of the Iraqi currency, but return to the currency structure of shorthand notes, stating that the paper will be the highest category (200) and is shorthand for the amount of 200 thousand dinars, the equivalent of 170 dollars. He added that the Central Bank would begin with proactive project implementation procedures during the current year as printed currency and hiring companies to be the replacement currency early next year, pointing out that the Central Bank put strict procedures to prevent fraud that may accompany the replacement process. He noted that the country needed to draft restructuring currency after deleting three zeros from being kissed on the expected increase in financial revenues in the coming years this would numbers and banknotes. The project will include: coins & stamps, consisting of classes (half a dinar, dinar, JD, JD 10, 25, 50, 100, 200), so that the employee if his million it received a five classes of the paper (200), stressing that this process will facilitate a lot of financial matters and cash./finished/8 l. Eng. Parliament for financial (time): draft structure of the currency is premature – April 16, 2013 Parliament for financial (time): draft structure of the currency is premature Baghdad-Shima just The parliamentary Finance Committee confirmed not to discuss the draft restructuring of the currency and reduce the incidence of fraud in house sessions usually topic is premature. The Committee said the Attorney Secretary Hadi (time) on (the draft restructuring of the currency issue is premature and has not been discussed in the meetings of the Council but there is a process or project to delete the zeros and it is discussed during the Committee meeting, the Governor of the Central Bank to limit discussion of the sales dollar at auction). Its member of Parliament is considered a smart Attorney Najeeb, the restructuring of the Iraqi currency and removing three zeros became necessary as the project is economically viable and positive effects. Najib said in a statement today that (draft restructuring currency despite the challenges and difficulties facing economic, security and political feasibility but is great for the country, noting (project Pat necessities which must be implemented on the ground in the current term). She said (in need of concerted efforts and cooperation of all governmental institutions of the Central Bank, the Executive and Parliament to enact some laws, including the law guaranteed the indebtedness to the creditor the right amount to condemnation after deleting zeroes). She noted that (former Central Bank led by Sinan Shabibi and appearance of Mohamed Saleh brought this project to the ends of the crucial and negotiated with solid global companies have a strong reputation in the world in terms of accuracy, reduce fraud and counterfeiting). She said (the great harmony between the Executive and legislative institutions of State will increase the success of practical procedures especially that will remove the zeros will take more than two years). The parliamentary Finance Committee, asserted that the Central Bank according to official correspondence begins this year with three zeros from the delete actions in the local currency, saying it will lead to the development of international economic and monetary transactions. The Economic Committee member criticized Deputy Qusay Juma Abadi, the State's five-year plan, scheduled to expire in early 2014 as ô ink on paper Al-Abbadi said in a statement that the State's five-year plan to support the investment process and reduce dependence on oil imports and diversify budget resources did not show clearly one so far, noting the adoption of the Iraq ô oil sector and no diversity in the resources of the State budget and the five-year plan was a dead letter without Any visible results on the country's economy, calling for the formation of an Economic Council to research and study of the five-year plan for the years to come. He must be a real five-year plan and develop strategic policy for the country under the supervision of economists and experts in the systematic programmes precisely to enable agricultural and industrial economic sectors and provide jobs for the workforce and increase budget resources. AZQ01Finance parliamentary: Central Bank during the current year begins procedures deletion of zeros from the currency 13/04/2013 2:18 pm Baghdad. Morning 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. Politicians continue to debate dropping zeros from the IQD Posted: February 24, 2013 Fears delete the zeros of the Iraqi currency Raed al-Hashemi: The process of deletion of zeros is a necessary step for administrative reform of the currency (IRIN) Agreed politicians and economists Iraqis that the process of deleting three zeros from the Iraqi currency current risk because of conditions of the country and the lack of security and stability and the spread of corruption, where Iraq is seeking to reform the system of currency management and ease of use and reducing the number of banknotes of four billion to one billion and 800 million paper, from by deleting three zeros and the issuance of a coin. The decision of the Finance Committee in the House of Representatives MP Ahmed electrodes of the island that Multi deletion of zeros from the local currency is still under study within the economic issues, not pending until now because of crises many experienced by the country, as well as problems that accompany the adoption of the financial budget for the current year. He pointed out that this process is not possible at the present time because it will lead to a problem in the Iraqi economy. The electrodes that the Finance Committee inquired from the Iraqi Central Bank on its preparations to change the currency without getting fraud where, and expressed its readiness to this process, but the problems that have occurred in the country in addition to the crisis the central bank, which led to changes in leadership, stopped this process. He pointed out that Iraq can not be doing the process now, and added, “We need to stabilize the general situation of the country, in order to prevent any attempt to exploit this procedure by the corrupt.” Support monetary policy For its part, the MP said the Finance Committee Najiba Najib of the island that this project was in the time of former central bank governor Sinan al-Shabibi, has been studied by the parliament well, resulting in the latter to address the Council of Ministers to support this project, and there was a negotiation and dialogue with A number of international companies on the deletion of zeros, indicating that this process is a good step and help to support the country’s monetary policy. She added that this issue has no echoes currently in parliamentary community and senior in Iraq because of the dismissal former central bank governor and refer the matter to the Integrity Commission, explained that the project will succeed if given the government and the House of Representatives and all institutions supported because it will prevent fraud and removes fear if the procedures properly. She explained that Iraq needs to restructure its currency, as there is no class more than 25 thousand dinars, as well as coins, which confirms that the current currency does not fit with the Iraqi state revenues, which have significant financial budgets. Najiba confirmed that there is a lack for money on the market, and that change would have a currency with economic feasibility to take all legal precautions and necessary legislative and government, while making the timeframe up to one year to change the citizens their money, in addition to the increase in bank branches. He says economic expert pilot Hashemi The process of removing zeros is a necessary step and task comes within the country’s need to process administrative reform of the currency contributes to reduce transaction costs and trading cash in the economic process, and reduce the size of the money supply in the country and help facilitate the calculations and reduce the inflating numbers, if applied correctly and appropriate Baltoukitat. Price policy He also added in his speech to the island revealed that the issuance of the small groups will facilitate pricing policy accounts, but the replacement will not affect the currency to tackle inflation significantly. He cited countries that have applied this process such as Sudan, which delete zeros from its currency in 2007, and Turkey, which deleted six zeros from its currency in 2005, and omitted Zimbabwe in Africa ten zeros from its currency in 2008, and Bolivia deleted three zeros from its currency in 2008, and deleted all from Romania Iran and three zeros from its currency in 2005 and 2011, but did not improve the value of the currency in these countries significantly and inflation index remained conservative on the rise. He pointed to two important matters in the application process of removing zeros are: first choice timely which the Iraqi economy in a state of stability, and the second is to create the economic environment is considered to apply the deletion process, and this needs to be procedures and financial decisions and banking taken financial authority in the country. Hashimi concluded his speech by saying that the implementation of the resolution at this time is appropriate and is considered a significant risk to the unstable security situation and the country’s economic. Economic parliamentary: the new year will witness the birth of the new Iraqi currency Sunday, 02 January 1 / December 2012 09:45 Twilight News / excluded for economic and investment commission parliamentary, Sunday, that the new year would witness the birth of the new Iraqi currency deleted three zeros, noting that the Central Bank of Iraq was aspires to equal the value of one dinar per dollar. He said the Commission's decision Mahma Khalil in an interview with "Twilight News" that "the new year will witness the restructuring Iraqi currency deleting three zeros, and therefore would not be witnessing the birth of new Iraqi currency because of the government's refusal to this project," noting that "the government believes that this work is not of its priorities. " Khalil added that "the economic and investment commission strongly supported this project with the Governor of the Central Bank because the purpose of it purely economic and is to maintain the Iraqi currency from counterfeiting, damage and fraud." Khalil pointed out that "there was countries with successful experiences in this area and the re-structure of its currency and deleted some zeros, and we seek to follow suit." Khalil said he was "under Article 46 of the Law on the Central Bank of his powers to issue new currency or new categories and maintain the value of the Iraqi dinar against other currencies." Khalil continued that "the very bank of the move is that the par value of the Iraqi dinar per one U.S. dollar after the deletion of zeros and are blocking the way of fake currency dealers, as well as the new currency was non-perishable easily." Referred to the Central Bank of Iraq began Consideration of an amendment dinar categories last year, and is still a big part of the payments being in cash due to the evolution of the banking system. The Cabinet had decided, in mid-April last year, wait in the application of the deletion of zeros from the national currency. And revealed the Finance Committee in the House of Representatives, last July, the postponement of the deletion of zeros from the Iraqi currency, which the central bank intends to initiate them into the year 2014. X G / d IraqNews____________________________________________________________________________________________________________________________________________________ Deleting three zeros and add the Kurdish language as well as English and Arabic for the new currency Palm - central bank adviser said the Iraqi appearance of Mohammed Saleh, said that the bank is serious implementation of the project to delete three zeros from the national currency in the near future. Salhan said it depends on at the present time to form the next government and parliament two new Saokhman upon themselves determine the mechanism under which the application of the deletion of zeros from the Iraqi currency. He added that the deletion of zeros will contribute to reduce the size of the inflation and reduce the size of the money supply in the market of 26 trillion Iraqi dinars to nearly 25 billion dinars, indicating that the Kurdish language to be added to the new currency as well as Arabic and English. He pointed out that the large number of funds traded in the market led to get confused in the large commercial transactions, and in the work of banks, adding that the deletion of three zeros from the Iraqi dinar will lead to reform the system of management of the national currency and thus improve and revitalize the Iraqi economy. 27/11/2012 Parliamentary Finance: the next budget will be free of zeros BAGHDAD - World Parliamentary Finance Committee announced, Tuesday, that the budget for next year 2013 will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in the Iraqi currency behind the adoption of the Central Bank project to delete the zeros. Said committee member Najia Najib said in an interview for "Alsumaria News" that "the budget next year will see a deal in the new currency after deleting three zeros from the current currency," indicating that "the process of switching the currency and delete the zeros will take nearly two years after the preparations for the process, which began over a year ago ". The answer that "the Council of Ministers approved during a meeting with the Governor of the Central Bank on the project to delete the zeros and switch Iraqi currency after deciding earlier to wait the project as a result of the high price of the dollar in the local markets over the past months," noting that "the project to delete the zeros and the currency exchange aims to restructuring of the Iraqi currency and a way that is consistent with doing business in Iraq, internally and externally. " She stressed that "the Finance Committee and the central bank agreed at its last meeting to be next year as the date to start deleting zeros and be balanced in 2013 in the new currency only if there is an obstacle transmitting without it," emphasizing "the need to support the government and parliament of the project to restructure the Iraqi currency." Naguib considered that "the reluctance of traders and companies for the use of the Iraqi currency and trading may push the central bank to adopt the project to delete the zeros", stressing that "this project would reform the system of currency management and ease of use." Cutting zeros off Iraqi dinar and proceeding with its redenomination to be launched in July 2013 10-08-2012 - 00:00 Business | Source: 1796 views Parliamentary financial committee considered, on Thursday, that cutting zeros off Iraqi dinar and proceeding with its redenomination will be launched in July 2013. Central bank of Iraq eliminated all related concerns, the committee advanced assuring that Iraqi government will be supporting the project after examining its pros and cons. “The financial committee is supporting cutting zeros off Iraqi dinar and its redenomination,” parliamentary financial committee member Haitham Al Jabouri told Alsumarianews deeming it necessary that the government takes part of this project for being responsible of the country’s financial policy-making. “This project will be launched in July 2013,” he revealed. “Central Bank eliminated all concerns related to the dinar redenomination after warning from money laundering or inflation increase,” Jabouri added indicating that Central Bank formed special committees to control any similar impacts. “Iraqi government didn’t reject the project source, but rejected not knowing about it,” Jabouri pointed up advancing that the government will be supporting the project after examining its pros and cons. Parliamentary financial committee expressed, on July 13, its support for the currency redenomination given that Central Bank makes all necessary preparations regarding it. “Central Bank requires one more year to start redenomination process,” the committee uttered. “We are ready to investigate reasons behind Iraqi cabinet’s reluctance towards dinar redenomination regardless of Central Bank’s capacity to perform the process without risks of money laundering that could affect the entire economy,” the committee stated on July 11th. Recent developments at CBI will not affect process of lifting zeros, Monetary policy doesn’t depend on a person says Member of Finance Committee Parliamentary Finance: change management of the Central Bank will not affect the process of lifting the zeros | On 2012-11-01 According to a member of the investigative transactions CBI and a member of the parliamentary Finance Committee Haitham al-Jubouri said the process of lifting the zeros will not be affected in the administrative changes that have taken place in the Central Bank of Iraq recently. Jubouri said the newspaper “integrity electronic” The process of lifting the zeros or replace currency has nothing to do with events that took place in the central bank recently, noting that monetary policy does not depend on a person whatever his status administrative, but depends on the institution in charge of political الاستراتيجة which include process raise zeros and replace the country’s currency. Jubouri announced the arrival of special equipment to replace the currency by the English side to the country Mushir that there are specialized committees will these measures, if any, within the plan in the country’s monetary policy. It is noteworthy that one of the members of the Knesset Finance Committee announced that monetary Aalssayash in the process of lifting the zeros Stadtther benevolent result of events that took place in the Iraqi Central Bank on Shabibi. http://bit.ly/Vf2bP CBI wants zeros dropped in conjunction with 2013 budget; Calls to accelerate study and form committees CBI: we will hold the banks (sic) accountable that we have the counterfeit currency when you switch the new currency BAGHDAD -The Central Bank of Iraq that it will hold any bank found in his possession counterfeit currency during the process of switching the currency when you delete the zeros of the three of them. The deputy governor of Bank of the appearance of Mohammed Saleh told a news briefing that the central bank has drawn up plans described by the Court to prevent the emergence of counterfeit currency during the process of switching the currency, calling at the same time to accelerate the formation of committees of governmental, parliamentary and trade union to study the draft to delete the zeros, which is hoped to proceed by early next year in conjunction With the release of the budget in 2013 for the implementation of the urgent need for this national project. He explained that the costs of printing the new currency would be borne by the central bank alone, without request from the government allocation of funds for printing. http://bit.ly/KCQ6ib Announced a short time ago and closely the implementation of the decision to delete the three zeros from the Iraqi currency, and that the project will be launched early next year and will continue for two to three years. Daylight / Economic Section announced a short time ago near the implementation of the decision to delete the three zeros from the Iraqi currency, and that the project will be launched early next year and will continue for two to three years. He then appeared other comments announces lingered government to the implementation of this resolution and postponed to another date .. So is the project will remain a dead letter, as described by the Deputy Director of the Central Bank of the appearance of Mohammed Saleh? .... And received the decision to delete the zeros from the Iraqi currency a lot of opinions pro and con, there Economists believe that the decision will lead to the collapse of the national currency and see some last he would return to the country benefit the country It is unfortunate patient in its implementation because it is a joint venture between the government and the central bank. As long as the government seeks to postponed due to security concerns, it can not be implemented in this year or the year after that - according to deputy director of the Central Bank - Timing is very important in this case is also implemented, they must coincide with the beginning of the fiscal year, so you will not find space for implementation inevitably through this year .. and regrets for the postponement of the project because it is economic benefit to the country as long as improve the efficiency of the currency and reduce the impact of large numbers, then dealing with cash needs into categories cash large and small, as will be dealt again categories such as (50 dinars) and (100 dinars) and (200 dinars) in addition to the categories of less than dinar (such as half a dinar) and (quarter of a dinar) and (50 fils) and (25 fils). which is confirmed by financial and economic expert at the Central Bank Majid picture that sees no difficulty in implementing the decision because it will help in process to reduce trading volume of currency in transactions large and will lead to fee pricing policy more accurate in the future as long as it will be dealing thousands and millions rather than billions, as well as its role in the detection of fraud earlier because the central bank will impose on banks to use modern techniques very to detect fraud. adds, "and the techniques that will be used in the printing of the new currency will be difficult to penetrate, but if behind that organized gangs or backed by the state because the specifications minutes and styles to be established by the central bank will be very strict. "On the other hand warns economist Tawfiq inhibitor of the collapse of the national currency in the case of the application of the decision to delete the zeros The three of them, pointing to the need to prolong the period of the currency exchange and not withdrawn the old currency and launch new direct, but doing so together in order not to cause harm to the economy or any direct impact on the living conditions of the citizens. Elsewhere sees inhibitor that process counterfeit currency is another reason its collapse and therefore warns that happens, especially as there are great bands and mafias currency capable of forging greater currency in Iraq. seen most citizens to decision deleting three zeros from the national currency look apprehension after accustomed pockets to carry the bank notes and large accustomed stakeholders were dealing with hundreds of millions . believes businessman Saleh weighted to delete the zeros will hurt the level of share trading in the Iraqi market for securities, because there are shares lost in case of deletion of zeros. works weighted in stock since 2005 and increased his passion for them when evolved using screens electronic, but does not hide his fear failure of dealing with them, especially since foreign bourse fall leads to block the signing of agreements with foreign investment companies, which believes that the change of currency will reduce profits. In response to these concerns, stresses, deputy director of the Central Bank, "the power of the Iraqi dinar, which became like a hard currency thanks to the policy of the central bank in control of the cash raised in the domestic market. " He pointed to the existence of a large cash reserve of hard currency is kept to face the difficult circumstances that may occur in the country gives the strength of the dinar against foreign currencies. The central bank's policy is aimed - according to the benefit - to the stability of the exchange rate of the dinar against the U.S. dollar, likely equal to the price of the Iraqi dinar against the U.S. dollar during the next two years after the implementation of the project to delete three zeros from the Iraqi currency. Editorial: The pros and cons of deleting zeros Posted: October 11, 2012 in Iraqi Dinar/Politics Raised the proposal to delete the zeros of the Iraqi currency sensation has interested in economic affairs and apprehensive citizens there are of considered a step in the right direction to restore the prestige of the Iraqi currency and get rid of inflation suffered by the Iraqi economy, especially the volume of currency in circulation which estimated up to 30 trillion dinars Adin decision is an important step in monetary reform and strengthen the confidence of citizens in the national currency in the view of other parties, including the government’s proposal to delete the zeros will carry the country overloaded being will increase the phenomenon of money laundering and would negatively affect the financial trading in the stock market with the possibility of higher inflation and higher rates of current and between different visionaries found necessary approaching this subject and the valley where an attempt to simplify what is happening and to inform citizens on the merits of the deletion of zeros from the current currency * Continuous suffering Beginning with Managing Director of the Company and Mesopotamia Banking Ali Hamza of Haider, who spoke to the reporter (news agency, media / INA) for “standing with the decision and the replacement of the existing currency being will contribute to the reduction of suffering and problems suffered by the Iraqi economy in general” and indicates the Haider to “The presence of foreign agendas implemented from neighboring countries purpose of weakening the Iraqi dinar and destroy the country’s economy by pumping fake currency in the market and that cause not to trust in the Iraqi currency and thus a collapse of the national economy” Adding, “We are the owners of banking offices suffer a lot from the current currency to the presence of large quantities of counterfeit currency, particularly class ten thousand dinars bearing the high-tech fraud and although the experience that we have in the field of currency, but we can not control them” “It is strange that we get sometimes on counterfeit currency through some government banks and the big problem we lose through confidence in the currency current and make most of the citizens are turning to foreign currency dealing and storage addition there is suffering for currency small as currency hit fatigue can not intervene in counter currency because of damage to the leaves so we pay additional amounts to the banks in order to be delivered “ The director of banking company continues by saying “One of the problems that we are experiencing in the current currency is difficult to carry because of amplified where can not be any dealer or businessman to carry huge amounts of money, especially the security situation is still unstable in some areas,” * To Atathir value purchasing Perhaps the business is most affected by the change, which awaits the existing currency and in order to know the negatives and positives that will surround the work of trade and the new currency Tell Engineer Sadiq Hashim Afaihan Chamber of Commerce of Babylon, saying “the process of deletion of zeros from the Iraqi dinar will not affect the value of currency in circulation and therefore will not affect the purchasing power of the Iraqi dinar and so the value will remain fixed and will not benefit the buyer of the dinar current something after deletion of zeros as will change gradually and lasts for more than a year to be where the old currency is present in the markets along with the new currency and this happened in some countries such as Turkey, which remained two currencies in circulation for four years until citizens are accustomed to it and slowly dissipated fears and so the citizens will not win a thing of the deletion process, considering that the currency’s strength is measured by the level of stability and demonstrated value for disbursement and concentrated on the strength of the productive sector capable of providing goods and services “ Adding that “the deletion of zeros is a formality and not really called illusion cash and of Mbrarat raised by the Central Bank is to reduce the use of the dollar in the insider and ease of carrying currency and facilitate banking transactions and reduce the money supply currently in circulation and facilitate accountable individuals and restore confidence in Iraqi dinars locally and internationally “ * To be media campaigns According Afaihan “on the central bank to intensify the information campaign to publicize the potential consequences for the economy and the value of the currency after deletion of zeros through various media as well as through the organization of seminars and conferences in the provinces, as it must be emphasized that the purchasing power of the currency will not Taatgier and reassure citizens and traders and businessmen and to create citizen to accept the new currency and dispel fear felt by and clarify that the operation is the deletion of zeros only, without revaluation of the currency and its exchange rate and whether the operation will be while retaining the form of currency or that form of currency will Itagier and what categories new cash, which will be traded and print it all must citizen knows before the coming of the new currency. The show President Chamber of Commerce Babylon fear “of the emergence of mafias currency, which is preparing to rig the trillions of dinars exploited to change currency also mentioned the central bank governor Dr Sinan Shabibi during a session of the Parliamentary Finance Committee, saying that from 8-16?% Of classes ten thousand dinars and a five and twenty thousand dinars currently in circulation are counterfeit “ Amadvia “Among the negatives and drawbacks of the process of changing the currency is the cost of printing high in addition to the cost of destroying the old currency and could exploit the process in money laundering and increase administrative corruption to switch counterfeit currency and confuse business dealings and increase demand for the dollar, which increases the rate of exchange in the domestic market and thus increase commercial commodity prices and rising inflation undermines confidence in the Iraqi economy “ * Block high cash The following قفتنا was a professor at the College of Business and Economics University of Babylon Dr. Jawad Al-Bakri, who began talking about the historical development of the Iraqi currency, saying “the Iraqi dinar was linked to Sterling for a long time, but now pegged to the U.S. Dollar. Did not change the rate of the dinar against the U.S. dollar throughout the period between 1987 and 1992 as the U.S. dollar was equal to 0.311 Iraqi dinars. There are restrictions on foreign exchange and foreign exchange dealings and after the second Gulf war, the deterioration rate of the dinar influenced the economic embargo imposed by the United Nations. Adding “today of the money supply nearly 30 trillion Iraqi dinars to the various groups and under price stability and optimism in Iraq Development, it became necessary radical reform on the system management of currency and the re-structuring, commensurate with the prices of new goods and levels of wages and salaries, which differed significantly from the last thirty years , in addition to dealing large lump of cash in components so weak currency has become the largest category of Atsawi only 21 U.S. dollars at the present time. Considering that the rise in GDP for Iraq of $ 140 billion at year-end 2010 to more than $ 300 billion at the end of 2015 will increase the money supply exporting of 30 trillion dinars to about 70 trillion dinars “ * Positives And we have been asked about the positives of the decision to delete the zeros and currency exchange Re-Bakri, saying “one of the most important pros are off dollarization of the Iraqi economy, which is one of the most important challenges facing policy makers in developing countries in general and Iraq in particular, which means the use of the U.S. dollar or any currency foreign her ability replacement of the national currency in transactions and contracts internal financial promise a store of value at the same time. either positive second will be through reducing inflation rates Balamd average, which include raising the external value of the Iraqi dinar (ie the nominal exchange rate) in a manner commensurate with the real exchange rate to contain inflationary expectations, taking into account the trends emerging inflationary level acceptance and availability of reserves inflationary level acceptance and availability of international reserves at the Central Bank of Iraq and a way inhibits inflationary expectations referred to above and to reduce the speed of circulation of money, the deleted three zeros means converting 30 trillion dinars to $ 30 billion by deleting three zeros from the current currency and replace it with a new currency “ Bakri continues, “that among the pros is not the impact of currency exchange contracts and obligations between natural persons and legal entities all. It so-it generates function sports homogeneous class zero as long as the amount of new money younger figure covers the exchange package commodity itself in money the old with the largest number in addition to restructuring the currency and installed – for the category large amount of 25,000 dinars are alone (two thirds of the amount of securities traded ), the issuance of larger groups mean reduction of four trillion banknote currently in circulation and converted to a number equal to (2.8) billion and banknotes. As Stakhtzel large groups of currency nearly 90% of the total exported to trading groups “ * Cons decision The Bakri said the most important negatives that accompany the process of deletion of zeros is monetary illusion as the deletion of three zeros from the Iraqi currency will sign the citizen under penalty of monetary illusion, which is the most prominent negatives that can infect the Iraqi citizens in the event of deleting three zeros from the current currency is the impact of moral and falling per capita under penalty of monetary illusion and suffering panic and all this would be the result of colliding with the value of the new currency after deletion, which leads him to believe that the value of its assets fell by dividing by three zeroes “ According to Dr. Jawad al-Bakri, “The time that has been announced to change the currency and delete the zeros produced that references the political in the Iraqi state has a great role in the acceptance or rejection of the proposal. Addition to the corridors of monetary policy in Iraq where there are parties shows and supporter as well as the move seems At first glance, a cosmetic change, but specialists to look at the long run “ He continues Bakri findings by saying “There is no numeric scale from which to measure the benefit that could be for a particular community that derived by deleting the number of zeros in the currency and opinion polls showed the desire of the Iraqi citizen to see its currency strong as the former. Thus, the process of lifting the zeroes will raise the value of the currency and reduces the demand for hard currency that powerful, would restore the balance between the value of local and foreign currency and give it market power at home and abroad, which could lead to currency appreciation Iraqi front the U.S. dollar , for example, that an employee who receives 400,000 dinars at the exchange rate of 1200 be its purchasing power in dollars $ 333 and if the strengthening of the dinar equivalent, for example = 500 dinars to the dollar will become purchasing power of $ 800 instead of $ 333 * Difference in public opinion It is strange that this decision carry differing with the decision-makers as cautioned Advisor to the Prime Minister for Economic Affairs, Dr. Abdul Hussein Al-Anbuge in a press statement “of the risks that may accompany the process of replacing the currency and deleting three zeros of them, considering that this matter will return the largest of corruption in the history of Iraq and will lead to add trillions of counterfeit currency that will go to the Holocaust in exchange for coins “ Pointing to the receipt of information said it is almost certainly the presence of mafias operating since now for counterfeit currency in order to exploit some weak souls and corrupt during times replaced with new ones and adding at the same time that this procedure will not return any benefit on the Iraqi economy at the moment “ Noting that “the current circumstances through which Iraq will not leave any positive impact on the local real economy after deleting three zeros from the currency from afar or from a nearby” Adding, “It was better on economic policy-makers before this procedure is to pay attention to development or administrative reforms, tax or entire banking experiencing serious declines, which can lead to obstruction of many vital economic targets that Iraq seeks to achieve. “He said The central bank governor has said during an interview made ​​by his deputy, Dr. appearance of Mohammed Saleh to resolve the bank to proceed with the project to delete the zeros of the Iraqi dinar, converting a thousand dinars to one dinar, pointing to the adoption of a long term plan for this project, which would be reluctant money supply Iraq’s vast – according to Saleh – who between well factors such action which he described as critical, saying that “Iraq is a country that suffered inflation runaway during more than two decades ago, reflected inflation monetary enormous, for example, rose monetary issuance of about 25 billion dinars in the early nineties, becoming in 2003 six thousand billion. “ And Saleh “that the draft raise three zeroes from the currency made ​​by the government five years ago to the Central Bank, and underwent throughout this period to an extensive study over the need to raise zeros to strengthen the value of the Iraqi currency.” Results 1 that the deletion of zeros from the current currency new currency increases the purchasing power of the Iraqi dinar currency فاستبدال attendant economic benefits for the country and accompanied by a feasibility study and financial. 2 that the deletion of zeros in the process if implemented, it would limit the size of the money supply and facilitate the circulation of the new currency and this would be reflected positively on the economy of the country. 3 that the presence of three zeros in the figures of the currency is illogical and loss due to excessive confusion that gets dissuade currency trading, as well as continuing high inflation rate of Iraqi currency. 4 that the process of deletion of zeros lead to increased market confidence in Iraqi dinars and ease of trading is still each shorten the figures in daily deal in buying and selling a thousand dinars saying dinars, or half a dinar and so on. 5 that the deletion of zeros neither gains nor the consequent loss does not mean only change what is changing is the number expressed just like (1000) meter is equal to (1 km), what has changed is the name of the unit of measurement just is not. 6 that there are some countries in the world the process of deletion of zeros from Sudan since removed two zeros from its currency in 2007 and Bolivia deleted three zeros from its currency in 2008 and the state of Zimbabwe deleted ten zeros from its currency in 2008. 7 If the Iraqi government was able to make the new Iraqi dinar after the deletion of zeros from him equal to or worth more than the value of the dollar as it was in the past when exchange, we are all, without exception, with the deletion of zeros and replace the current currency new currency free of zeros as it once was. Through the foregoing and what has put the views of the professionals to be recognized that the process of lifting the zeros from the new currency is necessary and of great importance to the Iraqi economy but needs to extensive studies from which to find ways in ward off corruption from the process with all its reasoning in order to restore the Iraqi dinar prestige in front other currencies and to educate citizens about the expected results of which to dissipate his fear of change that dominated the currency. http://bit.ly/RRpSuh CBI allowed to sell the dollar directly to citizens, Economic Committee member believes its in preparation for dropping of zeros 06-10-2012 12:35 PM Description deputies and economic experts Iraqi decision of the Central Bank of Iraq fired dollar selling directly to citizens, with raising the ceiling of foreign remittances, the bold step and controversial, noting that it would use for the benefit of Syria and Iran. The «Central »In an official statement, its ability to meet demand for foreign currency in full, not intersect with the law against money laundering, crime and financing of terrorism, as decided to amend the instructions auction of foreign currency within his quest to move to the drainage system free and open, including the abolition of ceilings amounts foreign currency sold to banks daily to foreign exchange. It also decided to double the foreign currency ceilings sold in cash to banks on a weekly basis. The banks have the right to determine the sale price of foreign currency to their customers, purchase and cancellation of previous selections, as foreign exchange sold by the banks to customers up to five thousand dollars to the customer in exchange for highlighting civic identity only canceled the conditions and other details. He explained that he would continue to cooperate with the concerned authorities in the fight against money laundering and money, crime and terrorism, and any illegal Dealings, calling for adherence to the anti-terrorism law. The bank issued strict instructions governing the sale of currency by banks, including requiring those concerned in the activity of the Iraqi private, traders, industrialists and segments other productive who import goods and services and production requirements and equipment development, when applying to private banks to participate in an auction of foreign currency to finance Mistordathm cross conversion or open letters of credit, the obligation at an exchange rate of $ 1189 dollars for dinars, after having documents that prove importation in accordance with standard international norms of documentary credits and remittances and instructions. She described a member of the parliamentary Economic Commission Nora Salem البجاري decisions « Central »as« bold »and came in reaction to recent accusations launched by senior government officials against him, including statements made ​​by the Secretary General of the Council of Ministers on the Keywords. It pointed out «many negative will impact the application of these amendments , including the possibility of exploiting some weak people of customers banks such mechanisms to collect large amounts of dollar to finance those smuggled currency to Neighboring countries, especially those that suffer from economic sanctions, ie, Iran and Syria. She pointed out that «increase and I think he was trying to prepare to stage the deletion of zeros from the national currency and raise the value of one dollar of the dollar. He stressed that «Central is a technical body and has no regulatory mechanisms to monitor the market, and here will be the responsibility monitor currency smuggling and the financing of terrorism, crime and money laundering, the responsibility of others, mostly unfortunately not competent and does not have the trained staff. The Keywords stressed that «less than five percent of the foreign transfers are legal , and the amounts that fled abroad during the past years is estimated at $ 180 billion », adding that« the government when exhorts central to intensify control over the movement of funds, it is not an interference in Bank’s work, but aims to maintain public money. He pointed to «central claim to tighten controls on the movement of funds and activate the Office of the Inspector General, who was appointed prime minister, but the bank rejected the idea of Inspector and Vowed to take some actions that limit the smuggling of currency and control the workTel of banks. But the government has not seen any results of the procedures and reached the things that converts from Iraq $ 180 billion without a document or document conversion or output, especially that this amount represents half the country’s revenue during the past years and out were in accordance with the processes and fake titles lined, raises suspicion and wonder. The «Central» «currency auction supervised by since 2004 sold about $ 200 billion for clients, a civil banks and money transfer companies, as daily sales rates range between 125 and 200 million dollars during the five sessions a week. http://bit.ly/VJ5rkM Economist Opinion: Deleting zero’s is necessary for the citizens Economist: project application must delete the three zeroes to serve the citizens and the local currency Date: 10/05/2012 15:42:39 Friday Baghdad (news) .. Stressed the economic expert عبدالحسن Shammari, the need to apply the project to delete the three zeroes from the currency because it hurt to serve the citizens and the national currency by reducing the masses of cash with groups large in the local market. Al-Shammari said (of the Agency news): The implementation of the project to restructure the Iraqi currency after deleting three zeroes which is necessary for it would serve the citizen and the national economy, considering that groups large will turn into a thousand small unit, which will facilitate transactions in the market and accounts for government departments. added: that the project will provide additional financial resources of the country through printed Coins (quarter dinars and a half dinars dinar) where the life span of these categories (25) year, while paper-old does not exceed three months for it’s fast handling and damage. pointed to: that the state is printed annually Banknotes limits of (250 – 750) million dollars per year, when the implementation of the project will cut the federal government for printing new currencies annually, which provides money could be used in projects of the country. This prepares the central bank to implement the project to delete the three zeroes from the national currency after the completion of all procedures related to the project, but so far no date has been set applied over calls by some officials to postpone . has demanded the prime minister the central bank to wait to draft deleted three zeros from the local currency, saying he was a big project and it needs enough time to apply. http://bit.ly/SydIZQ Junior member of Iraq Finance Committee: Postponing dropping of the zeros ill-advised; Should speed up implemention Member of the Finance Committee: postpone the project to delete the zeros is Saeb a decision important to deflate Date: 23/09/2012 11:12:48 Sunday Baghdad (news) .. Student member of the Finance Committee MP / coalition Iraqi / Hassan Ozmn, the Ministry of Finance and the Federal Government and members of the House of Representatives, to speed up the implementation of the project to delete the zeros at the beginning of 2013 and not postponed to 2014. said Ozmn (of the Agency news) on Sunday: The postponement deletion of zeros to 2014, the decision is rightly due to rising inflation, calling for implementation of the project in early 2013 to ease inflation. added: to Aistojb postponement of the project ready for implementation and there is no hampered or requires postponed, noting that the project will turn Iraq from a country two trillion to the country billions and relieves inflation Alternate translation: Member of the Finance Committee: postponement of draft decision unreasonable zeros deleted and is important to absorb inflation Date: 2012-09-23 11: 12: 48 Sunday Baghdad (newsletter) … Student Finance Committee member MP/Iraqi/coalition Hassan aozmn, Ministry of finance and the Federal Government and members of the House of representatives to speed up implementation of the project to delete zeros in early 2013 and not postponed to 2014. Said aozmn (News Agency news) on Sunday that postponing the deletion of zeros to 2014, ill-advised decision as a result of high inflation, calling for implementation of the project in early 2013 to ease inflation. He added: don’t need to postpone the project ready for implementation and not hindered by or be delayed, stating that the project would prevent Iraq from country to country 2 trillion billion and eases inflation http://bit.ly/PXe85X Economic Committee Member: the application of deleting of zeros from the currency is necessary because the public budget will reach $200 billion dollars in 2015 Date: 22/09/2012 05:53:44 Saturday Baghdad (news) .. called decision Economic Committee MP / coalition of Kurdish blocs / Mahma Khalil, to the need to apply the project to delete the three zeroes from the currency during the next two years to reduce the money supply and to facilitate financial players in the counting and counting budgets coming, likely that reaches the general budget to (200) billion dollars in (2015). Khelil said (of the Agency news): The restructuring of the Iraqi currency by deleting three zeroes which is necessary for the local currency because of the mass of large cash in the market, they must implement the project within the next two years. He added: Budgets Iraqi Finance will increase gradually over the coming years and will reach (200) billion dollars, up more than (240) trillion Iraqi dinars These require deleting three zeroes from the currency in order to facilitate the work of the Ministry of Finance and the relevant committees budget that is money and Ihsoua more accuracy and clarity . and pointed out: that the Iraqi constitution gave the authority of the Central Bank in the currency change and restructuring For the central bank accelerates the implementation of the project is not in the next year, but must at the beginning of the year (2014). http://bit.ly/OPouE6 Parliamentary committee confirms legal project to delete the zeros from the Iraqi currency 09/19/2012 Parliamentary committee confirms legal project to delete the zeros from the Iraqi currency Wednesday, September 19 / September 2012 14:19 {Baghdad: Euphrates News} parliamentary legal committee confirmed that the draft deleted three zeros from the Iraqi currency is a legal project does not contain any defect violates the provisions of the constitution. A member of the Committee cute Mustafa Euphrates News Agency {} on Wednesday that "the project to delete three zeros from the Iraqi currency is a legal and does not violate the Iraqi constitution." He added that "his committee reviewed the project to delete the zeros from the currency and found that the project technician rather than a legal". The cute "The Iraqi government decision to remove zeros from the currency if it will cause harm to the Iraqi economy or contribute to its construction." The central bank announced earlier that the project to delete the three zeroes from the Iraqi currency will transfer the country from a country trillions to billions. http://www.alforatnews.com/index.php?option=com_content&view=article&id=22163:2012-09-19-10-44-21&catid=37:2011-04-08-17-25-57&Itemid=57CBI’s Saleh: And an economic point of view; Project deleting three zeros and cash transaction costs On: Wednesday 19/09/2012 07:56 am d. The appearance of Mohammed Saleh In light of economic conditions and volatile financial and inflationary pressures that has befallen our country before, and led to negative effects on the regularity of the commercial market and labor markets and production and citizens’ standard of living, has generated many distortions in the structures and economic relations, and among which was Seen block cash, many zeros, of little value, and in a manner not commensurate with the future developments in the present and future of the Iraqi economy, which requires finding a solution to these conditions and offal, and these solutions reform management system currency through restructuring and the deletion of zeros to control the flow and manage the cost of the money supply in an optimal manner. The trading bloc cash exporting more than the 37 trillion Iraqi dinars to the various groups as reflected by the number of securities traded $ 4 billion and banknotes are the product of a long period of inflation and economic decline, rising for example index of consumer prices base 1993 from 100 to 200,000 in the midst of the year 2003, which means that the item was sold for 100 dinars became sold for 200,000 dinars … And so on. And under such circumstances, the deterioration of the value of the currency category increased rates greater than 25 dinars to 25,000 dinars, which means that inflation is added zeros. * Does not fit the current denominations with the current economic situation and the next. For example, before the outbreak of the Iraq war – Iran was the category of 25 dinars equivalent to $ 75, purchasing power parity, the time or the equivalent at present 300 thousand dinars. We have added inflation in the country over three decades zeros to the currency, and although it did not raise those zeros of the purchasing power of the largest class of the currency, is 25 thousand dinars, which is equal to $ 21 a day. We need today to restructure the currency. Valasfar large means large block of cash in circulation today approximately $ 30 trillion dinars, which requested the circulation of cash directly to the cost of large-counting and what it takes from the time and spatial properties and security. In the price system, is price is the value, expressed in cash, and then the cost structure and wage and salary payments and Akiem transactions, however, all became not commensurate with the country’s need to cash management system, consistent with the restructuring of the real sector and price levels reached. The country needs to monetary system easy to handle and small groups and large reflect the cost of the real structure. (See details later in the margin of the page). And notes that during the period 1990 – 2007 increased inflation index of consumer prices to 400,000%, and with a view to simplification, the item was sold for one hundred dinars before the start of the war in Kuwait in 1990 became sold for 400,000 dinars in the year 2007. Note that the value of the Iraqi dinar twice and fell sharply during the period 1990-1998 at a rate more than 99% against the U.S. dollar. The first drop was in 1990, and drop the other was in 1997, and increased by 93.2%, making grossing decline in Iraqi dinar exchange rate against the dollar by (minus 99.99%) at the end of the year 1998, and that during this period alone Inflation in the record CPI 45000%. Taking what we learned that inflation means himself prices cash money price on goods and services (ie, how much money we need to swap package of goods and services .. Whenever increase the amount of money allocated to the swap on the package itself means that there inflation or a rise in the price of money). Noting that the value of money is inversely proportional to the price of money, and that price is the value of goods and services expressed in cash *. (*) Social studies indicate that the average Iraqi doctor’s monthly income was not worth the purchasing power in the nineties of the last century but to buy 30 eggs and 20 piece chicken baked in that month, and over the years the economic blockade. Also, a lot of workers in different institutions may quit work because monthly return does not cover transportation costs to the workplace. And do not forget how they are created distorted markets in the country bartered materials used furniture and durable goods and clothing to buy flour or sugar and fill the minimum needs of families for food. And the agricultural sector itself as a sector food producer has deteriorated mess, since the seventies of the last century because of the deterioration of the countryside and a Bria oil immersion in public office and the militarization of the country, during the period 1972-1982, for example, the average annual growth in the agricultural sector (minus 1.1%). While the rate of growth in the sector between the years 1962-1972 has reached 7.1% annually. With the show that all commodity sectors witnessed a deterioration in the growth over the years nineties especially the agriculture and industry sectors. Today, average per capita income rose Iraqi annual gross domestic product to more than $ 5,300, after he was no more than $ 750 before the year 2003. And the average government employee income is nearly double the average per capita income of GDP and an estimated $ 10,000 annually. Since the money is anything agreed upon the community to become a medium of exchange and a store of value and unit account, the money (legal) issued by the monetary authority under the law and with the power of discharge of the receivables, seen as a social institution Social Institution, where increasing the efficiency of the economy and its operations to move the exchange efficiently those social institution any money, and vice versa. Continuous inflation have led to higher currency of 23 billion dinars in 1991 to approximately (30) trillion dinars at the present time, and the largest category currency rise from 25 dinars to 25,000 dinars over time. Thus, drawing inflation figures of new currency traded add three zeros which increased the amount of cash operations in nominal and arranged the production costs in large quantities, accompanied operations, storage, and distribution of promised, sort and check to accompany her, and levels doubled, helped the growing operational risks associated with Operational Risk. Under price stability and optimism in Iraq Development, it became necessary to hold radical reform on the system of currency management, and that re-structure commensurate with the price structure new different and stable levels of wages and salaries, which differed significantly from the last thirty years, as well as dealing block large cash weak components so are the largest category currency is worth only U.S. $ 21 at present. Noting that the rise in gross domestic product of Iraq from $ 140 billion at year-end 2011 to more than $ 230 billion at the end of 2015, will raise the money supply exported from 37 trillion dinars to about 70 trillion dinars. And weak structure in the currency structure as mentioned above may take adds cost called the cost of cash transactions in terms of trading, whether between individuals themselves, individuals and banks within the banking system itself. ** Unto demand for the U.S. dollar (especially the category of $ 100) is an urgent need to settle the cash transactions in the domestic market beyond the control of monetary policy to the fact that market is looking at transactions into categories largest currently unavailable but embodied category U.S. currency large for easy carry and circulation to reduce the cost of Trading cash or cash transactions. So the Iraqi monetary system has become an urgent need to reform the administrative system of cash payments to be there GROUPS high purchasing power of cash in circulation, easy pregnancy and acquisitions, in order to facilitate exchanges cash for transactions or trading purposes. Noting that the imbalance in the structure or installation of the current monetary units has depth of problems (the state) which arranged undesirable effects on the effectiveness and performance of monetary policy. In Sweden, for example, having now one of the best systems of cash payments in the world, however, the cost of cash trading of counting, transport and storage of the coin, costing the national economy accounted for 4% of the GDP of Sweden. How we compare this in a country like Iraq shall be managed so amounts cash tremendous weak structure, which adds cost cash transactions perhaps up to 8% or more of GDP, a burden borne by the individual in his dealings which took reduces the efficiency of cash as a social institution support to institutions economy including different market, as evidenced by the limited large cash transactions to pay in U.S. dollars, which means bringing other country in the currency trading to prop up cash transactions because of falling efficiency and installation of the current monetary bloc. And raises the multiplicity of zeros on the denominations with declining purchasing power has enormous difficulties, including the difficulty of expression for the monetary value, as well as difficulties monetary operations itself and technical problems in the recording of statistical data and registration in the accounting books and changing computer systems and systems adjustments, as well as show prices figures long difficult sometimes even counters or digital devices read Asfarha in gas stations or other digital devices. On this basis, there is a need to reform the system of cash payments through the following advantages: First – on the horizontal plane: deleting three zeros. - Convert 37 trillion dinars to 37 billion dollars by deleting three zeros from the current currency and replace new currency which facilitates handling arithmetic with numbers are less numerous in terms of accounts of the federal budget, the budgets of banks and companies, as well as balancing family cash (individuals) without arranging any change or alter the monetary income or wealth for natural persons and moral, as well as the lack of impact on the contracts and obligations between natural persons and legal entities all. On this occasion, like David Hume (a pioneer of the science of economics preschool classic in his famous political debate or political debate Political Discourse, published in 1752) the impact of price levels par with a high amount of money, such as the transition from figures Romanian to Arabic numerals (which figures English now), this move does not change the basic principles of arithmetic or mathematics. High amounts of money leads to higher prices for the same without the impact on the results of the real economy. Secondly – the vertical plane: restructuring and currency composition - Whereas the large category of $ 25,000 dinars are alone (two-thirds of the volume of securities traded) the issuance of larger groups mean reduction of four billion banknotes currently in circulation and converted into an equal number (01.18) billion banknotes. As Stakhtzel large groups of currency nearly 80% – 90% of the total issued new categories to trading (such as 50, 100,200 new dinars). Based on the above, the cost of cash transactions between individuals and banks and between individuals themselves natural or moral, inevitably fall in terms of the costs of counting and checking. Given the fact, that the banknotes traded eroded the average over a period of five years, which means replacing enormous mass weak structure and consequent costs typographical specifications high security is another burden borne by the issuing authority cash is a relic management system cash, generated economic downturn former became not fit and stability and the desired economic progress. In conclusion, the reasons for changing the current currency express the fruit of economic stability and the success of the policies of the Central Bank of Iraq to maintain stability, and of the stability of the exchange rate of the Iraqi dinar and falling inflation Arranged to one decimal place and build foreign reserves support the Iraqi dinar unprecedented levels achieved during the past thirty years, which is the cover of the Iraqi currency. Add to improve the system of cash payments and make it leave adhesion and installed in the past and actual economic and reconstruction on the future of economic development and real and nominal givens. So, has prepared the Iraqi Central Bank’s strategy long-term viable future when there is appropriate opportunity and gradually, according to the clear instructions and regulations guiding, providing protection of the rights and interests, including fits and stage boom coming and expected economic growth, as will increase the average per capita income in the coming years to more than once, and will step steps towards economic progress, which requires a reform of the waste stages of inflation and may require some legislation in this regard. deputy central bank governor http://bit.ly/S43Kyk Zeros “Cannot be Removed from Iraqi Currency During 2013″Posted on 06 September 2012By John Lee. Iraq’s deputy Minister of Finance has said the three zeros cannot be removed from Iraqi dinars during 2013 because no preparations have been made. According to the report from AKnews, the Iraqi Central Bank and people have been saying for four years that the zeros in the Iraqi currency will be erased and the money will be changed. But the money cannot be changed because prior work for the process has not been executed. The Minister of State reportedly said: “Reducing the zeros is the Central Bank’s authority. As the Finance Ministry we are against the change and removal of the zeros, but the bank insists on removing the zeros. “We cannot change the Iraqi money in 2013 because the Iraqi budget was estimated with current money. “If the Central Bank has any intention to change the money then it must do the process soon before calculating 2014′s budget.” Parliament members object to timing on the delete the zeros project; CBI will meet with committee in coming days to clarify stages On: Wednesday 8/8/2012 6:27 said a member of the Committee of Economy and Investment Attorney Nora Albjara, that the House of Representatives received a formal letter from the Central Bank containing details of the project to delete the three zeroes from the currency and calls for its application early next year, saying there is no objection large by the House of Representatives on the implementation of the project that the country has initializer is still to replace the national currency. The Albjara in a press statement that the Central Bank of Iraq sent a letter to the Committees of Finance and economic development in the House of Representatives expressed its readiness to implement the project to delete the zeros of the three currency over the next year and contains a detailed explanation of the project and the stages of implementation for the purpose of discussion in the House of Representatives and the time limit for its application. She added: Most members of the House of Representatives rejected the application of the project in the next year being a big project and needs to be enough time for discussion and study, as well as they see that Iraq is still not ready to prepare fully for the implementation of this project and fear that casts a negative impact on the national economy and the local currency. It continued: that the parliamentary Economic Committee will hold a meeting in the coming days to discuss the project and which may be called the Governor of the Central Bank and hosted by the House of Representatives to clarify the application of paragraphs of the stages of the project and the possibility of readiness. http://bit.ly/NEAgQw Financial representative to discuss with the Governor of the CBI the latest developments reached by the subject to delete the zeros Posted: July 24, 2012 By: Bian2 Date: Monday 07/23/2012 15:12 Baghdad / WAP / A delegation from the Parliamentary Finance Committee, with the Governor of the Central Bank of developments that have reached the central bank in the subject to delete the zeros and replacing the national currency and the policy of the completion of this process. “ A statement from the House of Representatives received the news agency reported Baghdad International / WAP / copy of it on Monday: “The Sub-Committee which includes members of the Finance Committee (MP Abdul-Hussein al-Yasiri and MP Ibrahim al-Mutlaq, MP Magda al-Tamimi) met with Central Bank Governor Sinan Shabibi During the meeting, they discussed the latest developments reached by the Central Bank in the subject to delete the zeros and replacing the national currency and the policy of the completion of this process. “ He added: “It has been also discuss the issue of controls adopted in the auction currency and the volume of the money supply.” For his part, said Shabibi “The main reason for the process to delete the zeros due to the economic stability experienced by the country and large cash capacity in the Central Bank.” And on the currency auction Shabibi said: “The operation as a window to enter the foreign currency and raise the value of Iraqi dinar.” He stressed: “The central bank chose a British company and the other a German among the many international companies to complete the process of printing the new currency being the Ttavan about 75% of the currencies in the world.” http://bit.ly/OWoCjKTheCurrencyNewshound Member of the Economic Committee: deleting zeroes from the currency will address inflation and facilitate trade exchange Posted: July 7, 2012 Date: Saturday, 07-07-2012 02: 19 pm Baghdad (News) … Member of the Economic Commission of the National Alliance Deputy//Amer Hussein Al-Fayez, the decisions of the Committee of finance and the Central Bank in the process of deleting zeros from the currency will address existing economic inflation and facilitates trade. He said Al-Fayez (News Agency news) on Saturday: the deletion of zeros will help citizens to ease trading and exchange currency and ease of download categories a few cash in purchasing goods and goods. He added: the operation would raise the moral value of the Iraqi currency and does not leave any damage or danger to the Iraqi economy. And: the Iraqi currency will be pumped to zeros deleted market and will work with the old currency to the old currency is withdrawn permanently from citizens. Explained: that the deletion of zeros from the currency will not affect the economy of Iraq as most recently in the street. http://bit.ly/Ndz8mrTheCurrencyNewshound
    3 replies | 147 view(s)
  • Patrizia's Avatar
    Today, 08:56 AM
    As I understand it, O was "secretely" delighted when M didn't "give" us immunity because O was then able to keep his campaign promises of pulling out of Iraq. And then it became necessary to go back in to Iraq, so suddenly we have immunity again. I don't know. Politics is such a board game. It's like watching a tennis match......my head just watches the ball as it lobs from one side to the other.
    2 replies | 256 view(s)
  • Patrizia's Avatar
    Today, 08:42 AM
    I'm with you, guardian. Now let's see if he does something more than lip service. Show us what you're made of, Abadi...come on.
    5 replies | 286 view(s)
  • harry's Avatar
    Today, 08:02 AM
    07/07/2013 23:02 Integrity explores the wealth of senior officials and levels of bribery BAGHDAD / obelisk: checked the Integrity Commission during the month of June, the wealth and property of senior state officials and the conduct of job performance and the nature of the deal staff with the auditors and the rates of bribery in various cities and institutions through the establishment of monitoring committees and Investigation in the Department of Prevention Authority Integrity about (125) visit. The Integrity in a report today and I followed "obelisk" that "committees conducted (86), a visit to the banks and state-owned banks and civil and traffic circles, real estate and registration of companies and securities to audit the vocabulary of forms revealed receivables and financial marking conformity or disagreement with the amounts and deposits of senior state officials and their wives and their children who are dependents wheels and cars that they own real estate and stocks and other property registered in their names. " According to the Commission aims comparisons that you make, to determine "the size and growth rate of that wealth and the extent of increase during the era of the assumption by a senior official of his office and revealed whether these increases are illegal and are derived through the illegal exploitation of the powers of the office in order to enrichment and acquisition of public money or alienate him and squeeze through the official authorities on the citizens and extortion to achieve personal interests. " Did not reveal the body, the size and the type of excesses monitored by committees in her visits. It also monitored the teams section functional behavior through (14) Visit Ways abuse staff General Directorates of Education in the Karkh and Rusafa and the Ministry of Education with the auditors with spotted committees Department job performance through (13) Visit the nature of work procedures and the conduct of the tasks in the company's general management of private transport and the Directorate of school buildings Ministry of Education and the Iraqi Housing Fund and the Department of squares stand faithfully Baghdad. She teams Division of Anti-Bribery through (12) visit methods of bribery and causes in the General Authority for the distribution of petroleum products and tax departments of Adhamiya, spring and Karkh and Rusafa and Renaissance and Mahmudiyah and Baghdad's water and breeding Karkh second and recording real estate Rusafa. http://almasalah.com/ar/news/13881/%D8%A7%D9%84%D9%86%D8%B2%D8%A7%D9%87%D8%A9-%D8%AA%D8%B3%D8%AA%D9%82%D8%B5%D9%8A-%D8%AB%D8%B1%D9%88%D8%A7%D8%AA-%D9%83%D8%A8%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%B3%D8%A4%D9%88%D9%84%D9%8A%D9%86
    1 replies | 65 view(s)
  • harry's Avatar
    Today, 07:55 AM
    Political Monday 22 سبتمبر 2014 | 11:24 صباحا | Postponement of the parliamentary session half an hour to lack of quorum BAGHDAD / .. decided Presidency of the Council of Representatives, on Monday, to postpone its next session of the Council held the usual half-hour, with a parliamentary source attributed the cause to a lack of quorum. The source told "Eye of Iraq News," "The Presidency of the Council of Representatives decided today to postpone the meeting of the Council of 18 within the first legislative term half an hour." The source, who requested anonymity, that "the adjournment of the meeting came against the backdrop of a lack of quorum." And hold the House of Representatives its 18th legislative term of the first legislative year, the first, on Monday, as will include the swearing-in of members of the House of Representatives who were holding government positions and replacements for those who have held ministerial positions or the Vice-President of the Republic, according to a statement the House of Representatives. http://aynaliraqnews.com/index.php?aa=news&id22=20809
    1 replies | 91 view(s)
  • harry's Avatar
    Today, 07:44 AM
    Agenda for the meeting (18) Monday (22) September 2014 22/09/2014 The third session of the parliamentary legislative year the first legislative term first First, read verses from the Koran. Secondly, swearing for ladies and gentlemen, members of the House of Representatives who were holding government positions and replacements for who occupied ministerial positions or the Vice President of the Republic. Thirdly: the first reading of a bill the Federation Council. (Legal Committee, the Committee of the Regions and the provinces), (24 items). Fourth: the first reading of a bill the House of Representatives. (Legal Committee, the Finance Committee, member of the Committee on Development and Parliamentary), (20 items). Fifth: the first reading of a bill to establish foreigners. (For security and defense committee, Legal Committee), (55 items). Sixth: the first reading of a bill passports. (For security and defense committee, Legal Committee), (22 items). Seventh: the first reading of a draft law on ratification of the amended Convention of Arab cooperation in the field of organizing and facilitating relief operations. (Legal Committee), (2 items). Session start time: eleven in the morning. http://ar.parliament.iq/LiveWebsites/Arabic/Container.aspx?EventID=5222
    0 replies | 42 view(s)
  • harry's Avatar
    Today, 07:32 AM
    Urgent ... the House of Representatives raises its meeting to Thursday Agency eighth day September 22, 2014, 14:09 22 BAGHDAD - ((eighth day)) House of Representatives to raise its meeting held today under the chairmanship of Saleem al-Jubouri to next Thursday. And has at today's meeting, which was chaired by Saleem al-Jubouri the presence of 223 deputies, the first reading of a bill the Federation Council, and a bill to establish overseas, and the first reading of a draft law on ratification of the amended Convention of Arab cooperation in the field of organizing and facilitating relief operations. http://8th-day.com/?p=72956
    1 replies | 91 view(s)
  • harry's Avatar
    Today, 07:23 AM
    State law decided Interior's "Badr" .. and Fahdawi enters the line of defense 2014/9/22 12:48:21 PM BAGHDAD / Wi-News Resolving the fate of the coalition of state law inner bag in the government of Prime Minister Haider al-Abadi its allocation to block Badr led by Hadi al-Amiri, to submit its candidate in two days, while the income of tribal leader Rafi Abd al-Karim al-Fahdawi strongly to the circle of candidates for the defense portfolio. Said a senior political source for "Wi-News", "The State of Law coalition held a meeting on Sunday in the presence of all the prominent leaders, including al-Maliki and al-Abadi and Ameri," explaining that "the meeting saw discussion of the fate of the inner bag waiting for a candidate to be filled." The source added that "al-Maliki support the idea of ​​assigning the inner bag to block Badr as deserving election, which has been approved by Abadi," noting that "the meeting did not include a specific figure put forward to fill the bag, after it was agreed on the attribution to Badr." In the same context, the source revealed, that "the parties to a Sunni and the other Shiite, put forward the name of Sheikh Rafi Abd al-Karim al-Fahdawi, one of the most prominent elders of the tribe of Albu Fahd in Anbar province, to fill the defense portfolio," explaining that "Fahdawi in Baghdad now, and continue with the leaders of prominent political to solicit opinion on his candidacy. " And associated Fahdawi extensive relations with the tribal community in Anbar province, and form a battle group to protect the areas where Albu Fahd tribe in Ramadi attacks organization "Daash." He was the brother of Fahdawi, a Sheikh Nasr Abdul-Karim al-Fahdawi, a tribal leader Albu Fahd former, was killed in a suicide attack carried out by al-Qaeda in Anbar province. http://ynewsiq.com/index.php?aa=news&id22=9449&iraq=‏‫دولة القانون يحسم الداخلية لـ "بدر".. والفهداوي يدخل على خط الدفاع#.VCAUAul0yUk
    1 replies | 61 view(s)
  • harry's Avatar
    Today, 07:19 AM
    State of Law coalition approves its rules of procedure and puts a mechanism for selecting its President 2014/9/22 12:21:22 PM BAGHDAD / Wi-News The MP said the coalition of state law Jassim Mohammed Jaafar al-Bayati said the coalition was held Sunday evening meeting attended by all leaders of the state law, including the head of the Coalition Nuri al-Maliki, Prime Minister Haider al-Abadi and head of the Badr Organization, Hadi al-Ameri, and most of the members of the coalition to discuss the paper's rules of procedure coalition where has approved its new format After scrutiny and consultation. He explained in a statement received "Wi-News," a copy of it, that "the conferees stressed the need for the election of the high political heads of the blocks that fall within the coalition of state law or that joined him after the recent parliamentary elections so as not to exceed the number of its members for ten people with the addition of another candidate it Per (1-10) deputies from each entity, taking into account the feminist element in the body. " He guessed that "bringing the number of members of the governing body in accordance with the new system to 15 members, and the authority to elect one member as president relative majority", adding that "Abadi presented at the meeting a presentation on the political and security situation in the country and the latest developments in international crowd and contributing countries to support Iraq, and the results meetings with the political blocs, and that he promised to file security ministries decisively at the earliest opportunity and show her candidates to the House of Representatives. He stressed that "Riad Ghraib, Jaber al-Jabri were still the most likely candidates to receive the ministries of interior and defense." http://ynewsiq.com/index.php?aa=news&id22=9447&iraq=ائتلاف دولة القانون يصادق على نظامه الداخلي ويضع آلية لاختيار رئيسه#.VCASuOl0yUk
    1 replies | 61 view(s)
  • harry's Avatar
    Today, 06:57 AM
    Determined by the value of the dinar monetary policy 9/22/2014 0:00 Questions about the reasons for their persistence despite the increase in oil production BAGHDAD Mustafa al-Hashemi, Iraq has seen in the last ten years a rise in the production and export of oil at a time which saw the value of the dinar stable without a noticeable rise in the purchasing power of recall, in the time that citizens consider that the rapid increases in oil production guaranteed in practice greatly enhanced the Ddinraly over the coming years, but it is surprising that this is not decided yet. looking forward Iraqi individual to the implications of a positive direct their standard of living through these steady increases in production and exports, but there are some things concealed from the mind illustrated by economic expert the appearance of Mohammed Saleh saying: that this issue for monetary policy in Iraq. Saleh explained in a statement (morning) that the first phase of monetary policy was to eliminate inflationary expectations, stressing that the nominal exchange rate is less than the real exchange rate due to a surplus in The current account in the balance of payments, noting that each process surplus must be offset by an improvement in the exchange rate of foreign currency. 've added However, the central bank this point because he believed that the surplus came to GDP including representing 8 to 18 percent over previous years, and pointed out he was on this basis, the reform program adopted by the Central his agreement with the Paris Club and the International Monetary Fund after 2005 in relation to the stability of the currency and reduce inflation through what is called the installer nominal expectations Altdkhmah.utaba: On this basis began monetary policy to raise the value of the dinar gradually through direct intervention in the market where able to raise the exchange rate of the dinar and reduce the value of the dollar from 1450 to 1166 dinars to the dollar. Saleh said that during this period, stability, prices fell from two places decimal places (which is considered dangerous and rampant inflation) to the rank of one decimal place where longer This major achievement for the economy This period also witnessed an amendment in the standard of living to double the wages and salaries of government, where he was with the improvement of the exchange rate has doubled salaries. said that if he continued to improve the exchange rate with the salary increase Fsnsal to the stage is not commensurate with the productivity of the economy, and therefore must put balance between this equation by increasing production to achieve the increase in incomes, stressing that the most successful monetary policy is to maintain the stability of the exchange rate provided increased productivity. http://www.alsabaah.iq/ArticleShow.aspx?ID=78322
    2 replies | 201 view(s)
  • guardian's Avatar
    Yesterday, 11:14 PM
    Well, well, one of the reasons we left Iraq was "no immunity", now we see our troops have been granted immunity. That paints a whole new picture.
    2 replies | 256 view(s)
  • guardian's Avatar
    Yesterday, 11:05 PM
    Really, is this a reveletion? We have known about Maliki removing money for a long time! Abadi seems to be behind, but nevertheless I'm glad he wants to pursue the perpetrators. It's about time!
    5 replies | 286 view(s)
  • HotRod's Avatar
    Yesterday, 06:00 PM
    "he will pursue the perpetrators of this crime, whatever their positions" I sure hope he sticks to his word. Thanks harry
    5 replies | 286 view(s)
  • harry's Avatar
    Yesterday, 08:23 AM
    Defense Secretary: Maliki granted diplomatic immunity of our troops! Under section: political Dated: September 21, 2014 BAGHDAD / Network News Iraq's Minister of Defense American Chuck structure that "former Prime Minister Nuri al-Maliki before announcing the withdrawal of his candidacy for prime minister a third term government grants US diplomatic immunity for its military forces' efforts. Hegel in his statement, told the Washington Post that" al-Maliki was still giving military forces the US diplomatic immunity, and vowed to protect, in the case called for the Iraqi government to intervene American to eliminate Daash ".ubma respect to statements the cleric Moqtada al-Sadr threatened US forces, Hegel said," There are many who do not care about the interests of Iraq and the secretariat, and content themselves with stirring rhetoric and threats They are sure that the elimination of Daash is unlikely to Iraqi forces for their lack of expertise and capabilities and modern equipment. " http://aliraqnews.com/%d8%b3%d9%8a%d8%a7%d8%b3%d9%8a%d8%a9/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d8%af%d9%81%d8%a7%d8%b9-%d8%a7%d9%84%d8%a7%d9%85%d8%b1%d9%8a%d9%83%d9%8a%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%83%d9%8a-%d9%85%d9%86%d8%ad-%d9%82%d9%88%d8%a7%d8%aa/
    2 replies | 256 view(s)
  • harry's Avatar
    Yesterday, 08:19 AM
    million dollars for the Army Maliki mail! Under section: political Dated: September 21, 2014 BAGHDAD / Network News Iraq Sources close to former Prime Minister Nuri al-Maliki about the existence of a building equipped with computers and dozens of staff to promote media for the owners and the coalition. She sources that "the entire building is equipped with modern computers with the latest specifications in Finland managed media advisor to Maliki, Ali al-Moussawi" .oadavo "The mission of this army-mail, are the media promotion for the owners and the coalition, and attacking the political parties" . obinwa that "the financial budget allocated for this army large, all employees receive a salary fantastically up to about ($ 3,200)," stating that the allocated budget exceeded 7 million dollars, including equipment and salaries and advertising and the Web, and some of the details, "is noteworthy that the news revealed earlier news sites for the formation of al-Maliki armies administers the electronic media advisor Ali al-Moussawi, a letter targeting symbols of lists his competition before and after the elections and this will be the army under his direct supervision that to be located in a building near the prime minister. http://aliraqnews.com/%d8%b3%d9%8a%d8%a7%d8%b3%d9%8a%d8%a9/7-%d9%85%d9%84%d9%8a%d9%88%d9%86-%d8%af%d9%88%d9%84%d8%a7%d8%b1-%d9%84%d8%ac%d9%8a%d8%b4-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%83%d9%8a-%d8%a7%d9%84%d8%a7%d9%84%d9%83%d8%aa%d8%b1%d9%88%d9%86%d9%8a/
    0 replies | 99 view(s)
  • harry's Avatar
    Yesterday, 08:09 AM
    Abadi: Maliki stole the state treasury! Under section: political Dated: September 21, 2014 Baghdad / Iraq News Network revealed Prime Minister Haider al-Abadi scheme aims to overthrow the new government efforts. Abadi, during a meeting held by the members of the three presidencies at the invitation of President of the Republic at the Peace Palace in Baghdad, said the previous government withdrew billions of dollars from the fund, which kept the oil revenues did not know doomed after, according to a source close to him said, adding the source Abadi accused implicitly "of his predecessor former Prime Minister Nuri al-Maliki to withdraw billions of dollars from the Development Fund for Iraq" EDF ", when spending on the campaign, popular mobilization, which was launched to meet the organization Daash terrorist after the fall of Mosul and Salahuddin However, the organization . ocd Abadi said the process of pulling these huge amounts of money has something personal from al-Maliki, and bills of exchange provided is not accurate and clearly indicate a scam big hit her treasury Iraq and that he will pursue the perpetrators of this crime, whatever their positions, according to the same Almusdr.hma confirmed members of the parliamentary finance committee that the government admitted to them that the fund is not where currently only three billion dollars, while the Council of Ministers says he has a six billion dollars a month Almadi.ovi usually found in the Development Fund for Iraq "EDF Aye" about 10 billion dollars to ensure salary payments and government expenditures, and critics say the government's policies that it took advantage of the absence of law for the budget and involved spending more than the normal limit, amid ambiguity about the expenses of war and emergency conditions, and warnings from the bankruptcy fund returns this state's inability to meet obligations Almalah.oukal deputies specialists they asked the Government Haider Abadi documentation describes the revenue and expenses to make sure of seemingly contradictory information about the amounts of the Fund. For its part, explained MP for the Kurdistan Alliance and the interim financial Najiba Najib "The committee demanded that the Ministry of Finance to provide us with data on the amount of money deposited in the fund the" EDF Aye ".ofattt that" the Minister of Finance and agency purity Net said in August that there were 6 billions of dollars in the fund, and then returned during hosted in the House of Representatives recently mentioned that the remaining balance in the fund is (3) billions of dollars "in contradiction up to half. Experts fear that covet the government to borrow from the cash reserve at the central bank, estimated at up to 60 billion dollars, warning that it has many consequences, including the collapse of the exchange rate of the local currency. http://aliraqnews.com/%d8%b3%d9%8a%d8%a7%d8%b3%d9%8a%d8%a9/%d8%a7%d9%84%d8%b9%d8%a8%d8%a7%d8%af%d9%8a-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%83%d9%8a-%d8%b3%d8%b1%d9%82-%d8%ae%d8%b2%d9%8a%d9%86%d8%a9-%d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a9/
    5 replies | 286 view(s)
  • harry's Avatar
    Yesterday, 07:54 AM
    Presidency of the parliament held a meeting with leaders of political blocs to nominate the heads of parliamentary committees of the Standing Agency eighth day September 21, 2014, 12:00 BAGHDAD - ((eighth day)) BAGHDAD - ((eighth day)) held the Presidency of the Council of Representatives held a meeting with leaders of political blocs and their representatives in order to agree on naming the leaders of the parliamentary standing committees. According to a parliamentary source for ((eighth day)) that "the meeting was held under the chairmanship of President of the Council Salim al-Jubouri, and the presence of a number of leaders of the blocks and their representatives." "The presidency of the parliament emphasizes the importance of the completion of this topic during this meeting, and to reach a solution before the session tomorrow." "The meeting also discusses the security and political situation experienced by the country in addition to the other blocs discussions about candidates for security ministries". http://8th-day.com/?p=72685
    0 replies | 70 view(s)
  • harry's Avatar
    Yesterday, 07:52 AM
    Agent: Spyker victims were appointed before the election for electoral purposes by Maliki Agency eighth day September 21, 2014, 12:16 BAGHDAD - ((eighth day)) The secretary general of the Islamic Accord Movement, the beauty of all that the agent was present at the base of Speicher was killed by soldiers Daash they were hired before the elections for electoral purposes by al-Maliki and his relatives who have taken over the seats in the House of Representatives voices stained with the blood of innocent people. " He continued that the agent "last offense caused by al-Maliki is incident to storm the Iraqi Council of Representatives and the victims under the title Camp Speicher." He called the agent, Prime Minister Haider al-Abadi formation of an investigative committee to open the file "crimes of former Prime Minister and current Vice President Nuri al-Maliki and prosecuted for these crimes." The agent said, "All Iraqis are waiting eagerly Prime Minister Haider al-Abadi al-Maliki and provide redress for the Elimination of being a war criminal, and because of him I got many genocides for families and is still going on and this popular demand," he said. He explained that "the issue of delivery of Mosul, however, the armed groups and the killing of thousands of citizens in Camp Speicher and surrounding areas are the responsibility of al-Maliki." http://8th-day.com/?p=72695
    0 replies | 65 view(s)
  • harry's Avatar
    Yesterday, 07:43 AM
    Abadi, accusing al-Maliki: the previous government withdrew billions of dollars unaccounted for after Agency eighth day September 21, 2014, 12:33 BAGHDAD - ((eighth day)) Revealed Prime Minister Haider al-Abadi scheme aims to overthrow the new government. Ebadi said during the meeting held by the members of the three presidencies at the invitation of President of the Republic at the Peace Palace in Baghdad, said the previous government withdrew billions of dollars from the fund, which kept the oil revenue was unaccounted for after, according to a source close to him. The source added that al-Abbadi accused implicitly "predecessor, former Prime Minister Nuri al-Maliki to withdraw billions of dollars from the Development Fund for Iraq" EDF ", when spending on popular mobilization campaign, which was launched to counter the terrorist organization Daash after the fall of Mosul, Salahuddin, however the organization. The Abadi said that the process of withdrawal of these huge amounts of money has a personal order from al-Maliki, and bills of exchange provided is not accurate and clearly indicate a scam was exposed big treasury Iraq and that he will pursue the perpetrators of this crime, whatever their positions, according to the same source. This confirmed members of the parliamentary finance committee that the government has recognized them that the fund is not where currently only three billion dollars, while the Council of Ministers says he has a six billion dollars last month. Usually found in the Development Fund for Iraq "EDF Aye" about 10 billion dollars to ensure salary payments and government expenditures, and critics say the government's policies that it took advantage of the absence of law for the budget and involved spending more than the normal limit, amid ambiguity about the expenses of war and emergency conditions, and warnings of bankruptcy Fund returns and the state's inability to meet financial obligations. Deputies said they had asked specialists from the Government of Haider Abadi documentation describes the revenues and expenses to make sure of seemingly contradictory information about the amounts of the Fund. For its part, explained MP for the Kurdistan Alliance and the interim financial Najiba Najib "The committee demanded that the Ministry of Finance to provide us with data on the amount of money deposited in the fund," EDF Aye. " It pointed out that "the Minister of Finance and agency purity Net said in August that there are six billion dollars in the fund, and then returned during hosted in the House of Representatives recently mentioned that the remaining balance in the fund is (3) billions of dollars" in contradiction up to half. Experts fear that covet the government to borrow from the cash reserve at the central bank, estimated at up to 60 billion dollars, warning that it has many consequences, including the collapse of the exchange rate of the local currency. http://8th-day.com/?p=72698
    5 replies | 286 view(s)
  • harry's Avatar
    Yesterday, 07:31 AM
    Academics: supporting security and stability of the economy 9/20/2014 0:00 Karbala - Ali gesture expect academics at the University of Karbala to witness the Iraqi economy is a breakthrough in many of the challenges of the founders of expectation in light indicators reassuring in the government program, as announced by the Prime Minister and approved by Parliament, which sent messages are clear in this regard but striking that the security reality need to develop in order to Do not cast a shadow on the Iraqi economy. Associate Dean of the Faculty of Administration and Economics, Dr. Mahdi month Gillan told (the morning): The address imbalances plaguing the economy need to invest optimization of resources and goods available in the country and managed well. , and pointed to the need not to rely on returns oil in the composition of income and GNP returned dependence on oil rents one of the main causes of the structural imbalances, in addition to the economic policies followed. added that these imbalances led to the emergence of the phenomenon continuing deficit in the public budget by the spending policy adopted in does not serve the economic development process because the terms of current expenditure accounts the biggest part of the budget and contribute to rising inflation indicators, which explains that the result of excess demand is in fact a lack of supply with excessive liquidity, so the lack of flexible production system and the disruption of production capacities led to the aggravation of the problem. sees Gillan need to revitalize the sector Special to contribute to increase production and create jobs and thereby contributing to reduce the disparity in income distribution by giving the opportunity to others equally as private sector supporter of the public sector in the ABC market economy recognized by the Constitution. either teaching at the College of Management and Economics, Dr. Haidar al-Masoudi has been pointed out in terms of security and political and Adahma cornerstone in the development of any economy, because stability in these thoughtful lead to economic stability, which is required and that this dialectical relationship beyond any doubt they are equivalent interrelated and some complementary to the other, although there are those who see that the economic factor is selected axis. , and expressed optimism In achieving this goal through international support for Iraq in the foreseeable future if they remained these positive developments at the same pace, and could see the Iraqi economy boom clear if what has been achieved political stability. Masoudi stressed the need for Iraq to see at the moment to build an economic policy based on data and indicators future as part of the policy of the country which is supposed to be pursued in the fight against terrorism, the fact that unemployment supportive president and a tributary of terrorism. , and expressed hope that the support will be welcome and Internationals incentive for the government in Astthmarhma to strengthen the national economy because they achieve their objectives associated factors referred to earlier which is to achieve security and stability and political reconciliation sober and building the economy, which is based on multiple sources of national income. http://www.alsabaah.iq/ArticleShow.aspx?ID=78175
    0 replies | 66 view(s)
  • harry's Avatar
    Yesterday, 07:24 AM
    Delayed budget adversely affect the economy 9/21/2014 0:00 Baghdad Shokran Fatlawi ruled Academy possibility of approving the budget of the year 2014 as a result of the short time remaining life of the financial year, pointing to a preference integrate Almoisntin 2014 to 2015, saying: Maybe disrupted the movement of the economy during the 3 months remaining life of the financial year for a period of afterthought advantage merger tangible results in terms of reconstruction and the provision of services that are offered in early 2015, noting that the law allows for the integration of the federal budget process, especially public and it is still being edited at the Council Wazzra.oukal d. Abdul-Sattar al-Bayati, the "morning" that the remainder of the life of the financial year as a result of the interactions of political, it is not enough to approving the budget because of Mayaanih the country of non-completion of infrastructure as well as the damage caused by the aggression of the latter to organizations Daash terrorist in more provinces. added Al-Bayati said the budget plan economic financial be for a period of one fiscal year and thus are specific year starting from the first few months as if the first month or the second or third maximum and followed by the final accounts after the lapse of six months specifically by the BSA to follow up on the budget and the extent of implementation of the projects and expenditures, and the reluctance and aspects of corruption and to it, referring to the possibility of failure during the remainder of the life of the fiscal year. http://www.alsabaah.iq/ArticleShow.aspx?ID=78265
    0 replies | 67 view(s)
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