Post From BondLadys Corner 12-23-15
BLC Admin Tlm724 News & Comments Part 2 of 2
Specialists warn of the devaluation of the dinar against the dollar and the central bank denies
Author: ASJ, HH Editor: BK, HH 2015/12/23 12:27 Long-Presse / Baghdad
Counting specialists, economists and businessmen, on Wednesday, that the reduction in value of the dinar against the dollar "error" involves "serious repercussions middle and poor layers", in the absence of industry or agriculture and national "real" able to meet the needs of the citizens, as the central bank denied the existence of intention to reduce the value of the dinar, the Parliamentary Finance Committee stressed the need to support the private sector about my grandfather and to allow him to be able to contribute to the revitalization of the national economy.
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BLC Admin Tlm724 News & Comments Part 2 of 2
Specialists warn of the devaluation of the dinar against the dollar and the central bank denies
Author: ASJ, HH Editor: BK, HH 2015/12/23 12:27 Long-Presse / Baghdad
Counting specialists, economists and businessmen, on Wednesday, that the reduction in value of the dinar against the dollar "error" involves "serious repercussions middle and poor layers", in the absence of industry or agriculture and national "real" able to meet the needs of the citizens, as the central bank denied the existence of intention to reduce the value of the dinar, the Parliamentary Finance Committee stressed the need to support the private sector about my grandfather and to allow him to be able to contribute to the revitalization of the national economy.
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Specialize: reduce the dinar against the dollar exacerbates the suffering of the poor
He says economic reform Institute adviser Ahmed al-Husseini, in an interview to the (long-Presse), "The devaluation of the dinar against the dollar error involves a very serious implications," noting that it "leads to inflation, especially in light of the austerity experienced by the state and reduced salaries."
He adds Husseini, that "the thrust of such a procedure requires the presence of the production of goods and services to be covered, and not, as is the case in Iraq, where almost are imported everything," adding that "the central bank went to lift the dollar exchange rate, would hurt the middle class and exacerbate the suffering of the poor more, it requires the central bank to pay attention to the consequences of that. "
In turn, says a member of the Union of Entrepreneurs Muhannad Sabri, in an interview to the (long-Presse), said that there is "confusion in the political decisions of the government reflected negatively on the economic reality," she returned to "prosthetic solutions do not benefit the Iraqi economy and the government must find a radical solution unilateral economy It depends almost entirely about oil. "
Sabri explains, that "Iraq is a sorry state of dependence on oil", calling for the need to "revitalize agriculture, industry, tourism and other important sectors to diversify national income resources."
And see a member of the Union of Entrepreneurs, to "raise the value of the dinar certainly will reflect negatively on the commercial reality where would lead to an unequal equation as a result of the abundance of the dinar against the dollar a few, most of the country in business dealings in dollars, and imports almost everything."
Sabri asserts, that "the decision to reduce the value of the dinar will be correct only if a real production and national industry obviates the importer and meets the need of the citizens were available."
Central Bank denies reduction rate of the dinar
According to a source at the Central Bank in an interview to the (long-Presse) that "the selling price of the dollar has not changed and is still the equivalent of thousand and 166 dinars," noting that "the Board of the Central Bank's management met a few days ago has not been included on its adjusted sale price of the dollar against the dinar's agenda, but I did not think so at all. "
Adds the source, who asked not to be named, said: "The central bank is always trying to find solutions that support the Iraqi dinar and maintain stability."
Parliamentary Finance: no alternative to stimulate the private sector
He says the Finance Committee decision in the House of Representatives Ahmed Hama Rasheed, said in an interview to the (long-Presse), "The central bank's mission is to maintain the dinar and support, and he has to be a level that," stressing that there is "a lot of initiatives and plans that have been developed on the shelves of the Ministry Planning without activated ".
Rashid and stresses the need to "support the private sector about my grandfather and to allow him to be able to stand up and contribute to the revitalization of the national economy."
The local media recently picked up the intention of the central bank cut the value of the dinar against the dollar, unexpected lift to sell dollars to banks and exchange companies rate, by 16 dinars, an increase of 1.37 percent, for a price sell thousand and 182 dinars instead of thousand and 116 dinars. LINK
[tlm724] that the reduction in value of the dinar against the dollar "error" involves "serious repercussions middle and poor layers
[tlm724] hear hear !!
[tlm724] as the central bank denied the existence of intention to reduce the value of the dinar, wth
[tlm724] Specialize: reduce the dinar against the dollar exacerbates the suffering of the poor
[tlm724] He says economic reform Institute adviser Ahmed al-Husseini, in an interview to the (long-Presse), "The devaluation of the dinar against the dollar error involves a very serious implications," noting that it "leads to inflation, especially in light of the austerity experienced by the state and reduced salaries.
[tlm724] theres your inflation therealbubbie
[tlm724] Central Bank denies reduction rate of the dinar According to a source at the Central Bank in an interview to the (long-Presse) that "the selling price of the dollar has not changed and is still the equivalent of thousand and 166 dinars," noting that "the Board of the Central Bank's management met a few days ago has not been included on its adjusted sale price of the dollar against the dinar's agenda, but I did not think so at all. " Adds the source, who asked not to be named, said: "The central bank is always trying to find solutions that support the Iraqi dinar and maintain stability.
[tlm724] it will be interesting to watch this play out, no telling what they will do but there is comfort in knowing the IMF is there to make Iraq doesn't screw it up this time
http://ift.tt/1Ti8b4O
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Parliamentary Integrity: "Hamdiya dry" provided all the answers about corruption and we are working now on the audited
Political
Since 12/22/2015 20:34 pm (Baghdad time) Special - scales News
He Parliamentary Integrity Committee member Mohammed fact, on Tuesday, said the director of the Trade Bank of Iraq Hamdiya dry provided all the answers accused of corruption in connection with it, as revealed that the committee is now working on the audit answers.
He said the fact that L / scales News /, "The Dry has provided all the answers to special advisers in the parliamentary Committee on questions put to them about suspicions of corruption", adding that "the Integrity Committee worked on the formation of a subcommittee to look into dry answers, analyze and confirm information on what the receipt of corrupted files against them. "
He said a member of the Parliamentary Integrity Committee, said that "the parliamentary Committee now has all the statistics and dry dates and times of trips out of Iraq," revealing at the same time that "the Commission will present its report on the dry answers during the past few days."
This "revealed the Integrity Commission, the parliamentary member Mohammed fact that L / Moszen News /, earlier, on the transfer of corruption Hamdiya Dry file to the anti
The "approved the parliamentary finance committee member Majda al LINK
[tlm724] said the director of the Trade Bank of Iraq Hamdiya dry provided all the answers accused of corruption in connection with it, as revealed that the committee is now working on the audit answers
[tlm724] go get em !
http://ift.tt/1Ti88G6
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Economic parliamentary: the central bank does not tell us the details of Iraqi reserves and invested Ervs
12/23/2015 BAGHDAD / JD / .. the parliamentary Economic Committee revealed, for the central bank refused to inform the Commission on the details and figures of the Iraqi reserves, as confirmed also refused to set a cash reserve within the investment.
Said committee member Rep. Nora Albjara in an interview with "JD" "There is cooperation between the Commission economic and central bank, but some of the information does not give the bank or tells us about, "adding" such as the Reserve figures of the Bank, and considers the secret of secrets.
She noted "the existence of murmurs on the reserve Iraq and there is talk of the former Federal Government to withdraw funds from this reserve," noting There is a precedent to the call to invest the money, but the bank did not accept it, considering that the political and security situation of the country is stable. " / End / 22 / http://ift.tt/1Ti88G8
http://ift.tt/1OaPCzz
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Presidency of the Republic to ratify the investment law
12/23/2015 0:00 BAGHDAD - morning
ratified the presidency on the second amendment to the Investment Law No. 13 of 2006. The Chairman of the Committee on Economy and Investment House Jawad al-Bolani, told the «morning», that «the committee received the Presidential ratification of the Second Amendment to the Investment Law No. 13 of 2006» .
Bolani added that «the ratification carried the Resolution No. 53 came in the text: Based on what passed the House in accordance with the provisions of subsection (I) of Article 61 and Item III of Article 73 of the Constitution, the President decided to issue the following Law No. (50) for the year 2015 Amendment Act the second to the Investment Law No. 13 of 2006 », indicating that« under this endorsement law became effective and the duty to work it ». http://ift.tt/1Ti88Ga
[tlm724] when the President ratifies the investment law Iraq will open up to the world for investment, exactly what they need and exactly what we need !
[tlm724] we will watch his site and the MOJ site for news of the signing Wink
[Tobyboy]: Timmy I been watching for this since parliament pass the Investment Law. These people are slower than mollases in doing anything. No rush for anything except their holidays & vacations,which we know they can not get away fast enough. So I guess we wait to see this in the Gazette to be ratified.
http://ift.tt/1OaPD6l
12/23/2015 0:00 BAGHDAD - morning
ratified the presidency on the second amendment to the Investment Law No. 13 of 2006. The Chairman of the Committee on Economy and Investment House Jawad al-Bolani, told the «morning», that «the committee received the Presidential ratification of the Second Amendment to the Investment Law No. 13 of 2006» .
Bolani added that «the ratification carried the Resolution No. 53 came in the text: Based on what passed the House in accordance with the provisions of subsection (I) of Article 61 and Item III of Article 73 of the Constitution, the President decided to issue the following Law No. (50) for the year 2015 Amendment Act the second to the Investment Law No. 13 of 2006 », indicating that« under this endorsement law became effective and the duty to work it ». http://ift.tt/1Ti88Ga
[tlm724] when the President ratifies the investment law Iraq will open up to the world for investment, exactly what they need and exactly what we need !
[tlm724] we will watch his site and the MOJ site for news of the signing Wink
[Tobyboy]: Timmy I been watching for this since parliament pass the Investment Law. These people are slower than mollases in doing anything. No rush for anything except their holidays & vacations,which we know they can not get away fast enough. So I guess we wait to see this in the Gazette to be ratified.
http://ift.tt/1OaPD6l
via Dinar Recaps - Our Blog http://ift.tt/1OaPCzB
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