Category: Chapter VII Of The United Nations Charter

Iraq is taking big steps

08-31-13 Millionday:   Article: “Iraq needs to raise the level of Iraq’s credit rating to attract investment and development”

Salih stressed in a statement to the (morning) the importance that begins Iraq now negotiating for the purpose Ranked credit because this issue is vital and contemporary and is useful for re-engineering the performance of the Iraqi banking sector and developed to accomplish its functions in the service of economic development,

a kind of evolution industry banking on banks that operate for the purpose of applying this system to keep pace with the development in the rest of the Arab banks and global. was

The first round of the Conference of Finance and Commerce had been launched in June of last year, it was agreed during which Iraq to encourage investors to come to Iraq and classification of credit to be able to give credit for foreign investors, as well as the importance of that goes on Iraq in this category in order to give guarantees opportunities for investors and reassurance recover their capital.

Note — this is a huge step and shows they are going global in banking and investing etc.

Saleh was said earlier that the credit rating is through the public debt and the issuance of treasury transfers or government bonds, particularly in international markets, or those bonds that are sold outside of Iraq except for support and one Qaeidah Iraq in return for private-sector debt under the Paris Club agreement .

adding when sold bonds then sold at about 60 cents, and prices have increased to up to 90 cents, and this situation has become, as if to Iraq rated automatically among the countries that have rated within the degree of B-.

pointing to the existence of additional factors must be exploited to achieve the credit rating and raise the degree and the most important exit Iraq from Chapter VII and the entry of a number of foreign companies, in addition to the high financial liquidity available…

Note — in other words they need to calculate and update to set the new credit rating but it needs to be set for attraction of investors to their country.

Iraq needs to raise the level of Iraq’s credit rating to attract investment and development

Called Economists actors economic government in the country need to speed up resolving the issue credit rating of Iraq because of its great importance in attracting foreign investment and give the perceptions of the economic right to the investing companies as well as being one of the most factors in the banking sector reform.

ccording to the economic expert d. The appearance of Mohammed Saleh, the classification of Iraq credit now, although he did not specify yet officially, he is at a temperature of B-returned him a good indication of the reason for optimism, noting that it could be rated country credit through bonds sold in global markets because the presence of a credit rating, and that was low , it is better than no rating basically. are rated countries in the world credit ladder classification consists of 4 degrees are A, B, C and D as well as variables that represent signal + or – and Petkrarat different.

Salih stressed in a statement to the (morning) the importance that begins Iraq now negotiating for the purpose Ranked credit because this issue is vital and contemporary and is useful for re-engineering the performance of the Iraqi banking sector and developed to accomplish its functions in the service of economic development, a kind of evolution industry banking on banks that operate for the purpose of applying this system to keep pace with the development in the rest of the Arab banks and global.

was The first round of the Conference of Finance and Commerce had been launched in June of last year, it was agreed during which Iraq to encourage investors to come to Iraq and classification of credit to be able to give credit for foreign investors, as well as the importance of that goes on Iraq in this category in order to give guarantees opportunities for investors and reassurance recover their capital.

Saleh was said earlier that the credit rating is through the public debt and the issuance of treasury transfers or government bonds, particularly in international markets, or those bonds that are sold outside of Iraq except for support and one Qaeidah Iraq in return for private-sector debt under the Paris Club agreement .

adding when sold bonds then sold at about 60 cents, and prices have increased to up to 90 cents, and this situation has become, as if to Iraq rated automatically among the countries that have rated within the degree of B-.

Pointing to the existence of additional factors must be exploited to achieve the credit rating and raise the degree and the most important exit Iraq from Chapter VII and the entry of a number of foreign companies, in addition to the high financial liquidity available.

in the same context, said banking expert at the Ministry of Finance. Hilal Taan that the responsibility for providing the credit rating of Iraq rests with the Central Bank of Iraq, pointing out that the credit rating of the current is the result of a reflection of the political situation and economic development of the country.

Said Taan told (morning) that Iraq had in the seventies and eighties of the last century rated high credit, but no one to disclose the grade and classification at the time as being contrary to the laws and regulations of the former regime. and called for the need to move the government to raise this level to a degree better because it will contribute to attracting investments and gives confidence for additional investors and foreign companies for the purpose of coming to Iraq and direct the reconstruction of infrastructure to

Therefore, it is important in the economic advancement of the country at all levels. said academic Economic d. Essam المحاويلي that it is necessary for Iraq, a credit rating sovereign agencies and international credit rating (CRAs) and the application of the policies needed to improve the degree classification to become within the investment grade, which contributes to increase the resources of the state to enable Iraq to attract investors and access to global capital markets and access to finance appropriate cost. He المحاويلي told (morning) that there are clear differences between the credit rating agencies in the credit rating of sovereign debt, as well as the Group Financial is the most influencing factors in the credit rating of sovereign debt, which leads to a change in the degree classification, pointing to the need to identify the differences in including the methodologies credit rating of sovereign debt to be canceled.

called to work to get the credit rating of an international grants and reliability of its projects and be able to get international funding for investment projects that he wants to do in various fields and adopt a policy of return to Iraq Ranked global credit and grants and reliable enough for its projects and including encourages companies global implementation.

, adding that the concerned party to return Iraq to the global credit rating, you should be with extensive experience in this field, and has the ability to negotiate and persuasion to get the best results.

LINK

 

Raise the level of Iraq’s credit rating attracts investments and achieve development

Raise the level of Iraq’s credit rating attracts investments and achieve development

8.31.13

saleh

called Economists actors economic government in the country need to speed up resolving the issue credit rating of Iraq because of its great importance in attracting foreign investment and give the perceptions of the economic right to the investing companies as well as being one of the most factors in the banking sector reform.

ccording to the economic expert d. The appearance of Mohammed Saleh, the classification of Iraq credit now, although he did not specify yet officially, he is at a temperature of B-returned him a good indication of the reason for optimism, noting that it could be rated country credit through bonds sold in global markets because the presence of a credit rating, and that was low , it is better than no rating basically. are rated countries in the world credit ladder classification consists of 4 degrees are A, B, C and D as well as variables that represent signal + or – and Petkrarat different.

Salih stressed in a statement to the (morning) the importance that begins Iraq now negotiating for the purpose Ranked credit because this issue is vital and contemporary and is useful for re-engineering the performance of the Iraqi banking sector and developed to accomplish its functions in the service of economic development, a kind of evolution industry banking on banks that operate for the purpose of applying this system to keep pace with the development in the rest of the Arab banks and global.

was The first round of the Conference of Finance and Commerce had been launched in June of last year, it was agreed during which Iraq to encourage investors to come to Iraq and classification of credit to be able to give credit for foreign investors, as well as the importance of that goes on Iraq in this category in order to give guarantees opportunities for investors and reassurance recover their capital.

Saleh was said earlier that the credit rating is through the public debt and the issuance of treasury transfers or government bonds, particularly in international markets, or those bonds that are sold outside of Iraq except for support and one Qaeidah Iraq in return for private-sector debt under the Paris Club agreement .

adding when sold bonds then sold at about 60 cents, and prices have increased to up to 90 cents, and this situation has become, as if to Iraq rated automatically among the countries that have rated within the degree of B-.

Pointing to the existence of additional factors must be exploited to achieve the credit rating and raise the degree and the most important exit Iraq from Chapter VII and the entry of a number of foreign companies, in addition to the high financial liquidity available.

in the same context, said banking expert at the Ministry of Finance. Hilal Taan that the responsibility for providing the credit rating of Iraq rests with the Central Bank of Iraq, pointing out that the credit rating of the current is the result of a reflection of the political situation and economic development of the country.

Said Taan told (morning) that Iraq had in the seventies and eighties of the last century rated high credit, but no one to disclose the grade and classification at the time as being contrary to the laws and regulations of the former regime. and called for the need to move the government to raise this level to a degree better because it will contribute to attracting investments and gives confidence for additional investors and foreign companies for the purpose of coming to Iraq and direct the reconstruction of infrastructure to

Therefore, it is important in the economic advancement of the country at all levels. said academic Economic d. Essam المحاويلي that it is necessary for Iraq, a credit rating sovereign agencies and international credit rating (CRAs) and the application of the policies needed to improve the degree classification to become within the investment grade, which contributes to increase the resources of the state to enable Iraq to attract investors and access to global capital markets and access to finance appropriate cost. He المحاويلي told (morning) that there are clear differences between the credit rating agencies in the credit rating of sovereign debt, as well as the Group Financial is the most influencing factors in the credit rating of sovereign debt, which leads to a change in the degree classification, pointing to the need to identify the differences in including the methodologies credit rating of sovereign debt to be canceled.

called to work to get the credit rating of an international grants and reliability of its projects and be able to get international funding for investment projects that he wants to do in various fields and adopt a policy of return to Iraq Ranked global credit and grants and reliable enough for its projects and including encourages companies global implementation.

, adding that the concerned party to return Iraq to the global credit rating, you should be with extensive experience in this field, and has the ability to negotiate and persuasion to get the best results.

alsabaah.iq

Milionday & People Invested News Discussion

Millionday News 8/30/13

    [millionday] called Economists actors economic government in the country need to speed up resolving the issue credit rating of Iraq because of its great importance in attracting foreign investment and give the perceptions of the economic right to the investing companies as well as being one of the most factors in the banking sector reform.

According to the economic expert d. The appearance of Mohammed Saleh, the classification of Iraq credit now, although he did not specify yet officially, he is at a temperature of B-returned him a good indication of the reason for optimism, noting that it could be rated country credit through bonds sold in global markets because the presence of a credit rating, and that was low , it is better than no rating basically.

are rated countries in the world credit ladder classification consists of 4 degrees are A, B, C and D as well as variables that represent signal + or – and Petkrarat different.
…
Read More Link On Right

     millionday] Salih stressed in a statement to the (morning) the importance that begins Iraq now negotiating for the purpose Ranked credit because this issue is vital and contemporary and is useful for re-engineering the performance of the Iraqi banking sector and developed to accomplish its functions in the service of economic development,

a kind of evolution industry banking on banks that operate for the purpose of applying this system to keep pace with the development in the rest of the Arab banks and global. was

The first round of the Conference of Finance and Commerce had been launched in June of last year, it was agreed during which Iraq to encourage investors to come to Iraq and classification of credit to be able to give credit for foreign investors, as well as the importance of that goes on Iraq in this category in order to give guarantees opportunities for investors and reassurance recover their capital.

    [millionday] note — this is a huge step and shows they are going global in banking and investing etc

    [millionday] smile  -  Saleh was said earlier that the credit rating is through the public debt and the issuance of treasury transfers or government bonds, particularly in international markets, or those bonds that are sold outside of Iraq except for support and one Qaeidah Iraq in return for private-sector debt under the Paris Club agreement .

adding when sold bonds then sold at about 60 cents, and prices have increased to up to 90 cents, and this situation has become, as if to Iraq rated automatically among the countries that have rated within the degree of B-.

 pointing to the existence of additional factors must be exploited to achieve the credit rating and raise the degree and the most important exit Iraq from Chapter VII and the entry of a number of foreign companies, in addition to the high financial liquidity available.

    millionday] in the same context, said banking expert at the Ministry of Finance. Hilal Taan that the responsibility for providing the credit rating of Iraq rests with the Central Bank of Iraq,

 pointing out that the credit rating of the current is the result of a reflection of the political situation and economic development of the country.

Said Taan told that Iraq had in the seventies and eighties of the last century rated credit high but no one to disclose the grade and classification at the time as being contrary to the laws and regulations of the former regime. and called for the need to move the government to raise this level to a degree better because it will contribute to attracting investments and gives confidence for additional investors and foreign companies for the purpose of coming to Iraq and direct the reconstruction of infrastructure to

Therefore, it is important in the economic advancement of the country at all levels. said academic Economic d.Essam that it is necessary for Iraq

    [millionday] a credit rating sovereign agencies and international credit rating (CRAs) and the application of the policies needed to improve the degree classification to become within the investment grade,

which contributes to increase the resources of the state to enable Iraq to attract investors and access to global capital markets and access to finance appropriate cost.

 He told that there are clear differences between the credit rating agencies in the credit rating of sovereign debt, as well as the Group Financial is the most influencing factors in the credit rating of sovereign debt, which leads to a change in the degree classification, pointing to the need to identify the differences in including the methodologies credit rating of sovereign debt to be canceled.

    [millionday] note — in other words they need to calculate and update to set the new credit rating but it needs to be set for attraction of investors to their country

    [millionday] other reasons why>>>>>>>>>>>>>>>>>>>>>   called to work to get the credit rating of an international grants and reliability of its projects and be able to get international funding for investment projects that he wants to do in various fields and adopt a policy of return to Iraq Ranked global credit and grants and reliable enough for its projects and including encourages companies global implementation.

Adding that the concerned party to return Iraq to the global credit rating, you should be with extensive experience in this field, and has the ability to negotiate and persuasion to get the best results.

    [millionday] so they are saying here that it is no big deal for them because they are familiar with this and need to get this set —

    [wmawhite] millionday millionday …..does this go hand in hand with setting their exchange rate???

    [millionday] the best thing about this is that they were selling bonds at 60 cents and are now selling them at 90 cents — this is a huge statement as it gives us a glimpse of the fact that the rate is going to be great and their real value is high

    [letsroll] millionday does Selah hold any position in the CBI or GOI now.. thought he was run out with shabibi,, interesting Selah is making public economic statements

    [millionday] wmawhite it is part of this process — i will have to check that out — how to state it — but here is in laymen’s terms — the credit rating can only be set by knowing the rate they will be at —

    [millionday] letsroll i agree and this is the third one i believe we have all looked at — very encouraging to me

    [wmawhite] millionday …………….I was wondering if this was part of the process………..also,……a higher international credit rate equates to a higher exchange rate.

    [millionday] he is the one that let things out that others would not talk about — we noticed it was normally late night  — wmawhite exactly — love it

    [keepbelieving77] wma the way i see it ,it is just like people who wait till they have to buy a house or a car to fix their credit rating,why are they rushing now if they are not going international

    [millionday] keepbelieving77 they would not be even talking about this if they were not going global

    keepbelieving77] exactly

    [faith1] OVERFLOW OVERFLOW OHHH Lordy !!!!!! 60cents USD now 90cents USD?? USD??? Is that a stupid Q,,, are all Bonds sold in USD??? and they can’t be rated till they go international trading,,,,right??

    [wmawhite] keepbelieving77 ……exactly,………they are preparing to pop all of this at the same time.

    [millionday] this is very interesting >>>>>>>>>>>>>>> Adding that the concerned party to return Iraq to the global credit rating, you should be with extensive experience in this field, and has the ability to negotiate and persuasion to get the best results.

    [keepbelieving77] i love this which contributes to increase the resources of the state to enable Iraq to attract investors and access to global capital markets

    [millionday] can i just bring up the big elephant in the room?

    [keepbelieving77] it is your floor

    [rollonjohn] Sure!

    [mdglow] oh tay

    [millionday] it is very very interesting that nothing can be pulled up on the internet in many many sites –

    [wmawhite] millionday …..negotiate with whom??????????????IMF

    [monique13] do it….do it!!!  lol

    [keepbelieving77] as in?

    [millionday] anything past a certain time of update can not be pulled up

    [keepbelieving77] hmmmmmmm

    [Msbossydiva] strange isnt it

    [millionday] we are not just talking me — we are talking people in ohio — florida — washington — virginia

    [millionday] very strange

    [wmawhite] millionday …..the IMF/World Bank are the only ones concerned with countries paying their bills.

    [keepbelieving77] seems like a broken sundial in Iraq

    [millionday] and also with the news it is very very strange

    [Msbossydiva] something is up

    [millionday] wmawhite i would say yes

    [keepbelieving77] could be with the whole syria thing

    [simbaspen*] Strange million?

    [keepbelieving77] the internet influenced greatly in the uprising in egypt

    [wmawhite] millionday …….iraq negotiates…..receives their credit rating and then moves the Article 8.

    [rvtime] What do you mean..nothing can be pulled up?

    [jimplants] wmawhite BINGO

    [wmawhite] jimplants …………….lol

    [millionday] it is very strange and if you get anything to come up it is only sites that have not updated since hours and hours ago   wmawhite exactly  –   try it — it is very strange

    [hstrymknwmn] millionday are you talking investment sites/banking exactly?

    [keepbelieving77] media freeze interesting

    [millionday] try to bring up the web sites you like to read about iraq or international news ect

    [hstrymknwmn] oh ok ty

    [rvtime] Which sites..confused here..Iraq sites

    [millionday] notice — this page can not be pulled up

    [dlherm] what page?

    [millionday] any — try yahoo main page — umm– i dont know just try some sites for me  — news sites

    [keepbelieving77] k minions too work

    [millionday] there are so many

    [simbaspen*] Oh yea million my msn wont come up

    [rvtime] Yahoo works

    [millionday] keepbelieving77 did you say you are going to work?

    [hstrymknwmn] http://www.iraqinews.com ··· dVFVobCk this one did

    [dlherm] i have yahoo main page up!??

    [millionday] try something else then — there are many — many

    [Msbossydiva] anything i pull up dates back to August 28th

    [wmawhite] yahoo.com works plenty about syria

    [millionday] trust me there is a huge amount of people that have called me

    [Msbossydiva] other than that its all about Syria

    [millionday] have charged my phone twice

    [dlherm] bloomberg site comes up

    [simbaspen*] Goigle doesnt work for me either   goohlr

    [millionday] the last two days are not on the news so last updates are from early this morning and not after

    [dlherm] google comes up

    [millionday] brb with more — try to bring what i can find but my normal links and what was sent cant be pulled up

    [lorijeanmarshall] To the Ministry of Commerce / Companies Registration Department (cancel Ejazti my company migrants and Peacock to mediate the sale and purchase of foreign currencies) 08/29/2013

    [millionday] let me try my state sites — federal state sites for news — brb

    [dlherm] try rebooting your computer

    [lorijeanmarshall] To the Ministry of Commerce / Companies Registration Department (cancel Ejazti my company migrants and Peacock to mediate the sale and purchase of foreign currencies) 08/29/2013

    [lorijeanmarshall] Posted today on Arabic side of CBI

    [millionday] lorijeanmarshall what hun?

    [lorijeanmarshall] millionday The snippet I just posted

    [millionday] what is it from ?

    [lorijeanmarshall] Curious…. of course the document is all in Arabic

    [millionday] can you bring the rest of it sweety and

    [lorijeanmarshall] From the Arabic side of CBI  millionday Can’t translate

    [millionday] it is good to see ya — we have been missing each other on here

    [lorijeanmarshall] Scanned document

    [millionday] how did you get that part ?  ok let me have the link and see if i can do anything with it — if you can hun   ok the rest of my news is not in — i will see you all tomorrow night at 730 est  sorry — cant pull anything up  have a good night

    Last edited by Rudie; 08-30-2013 at 09:01 PM.    She came back!! smile

    [millionday] Iraqi financial expert stated that the value of Iraq’s Federal Reserve currently amounts to about $80 billion, following the recent increase in the country’s oil exports. Nevertheless, no information was made available by the Central Bank of Iraq (CBI) to this effect

    [millionday] Speaking to media, financial expert Hussein al-Asadi remarked, “According to my information, the value of Iraq’s federal reserve currently amounts to about $80 billion.

This includes funds, precious metals and other items.” Regarding the financial issues concerned with Federal Reserve, CBI or Central Bank or Iraq’s governor Abdul Basit Turki has chosen to stay mum.

 The bank has issued only a statement for indicating the developments that it has been carried out of late. The last comment made by the CBI regarding the country’s federal reserve dates back to Jan. 31, 2012, when the bank denied the ‘decline of gold reserves’. CBI further stated, “They have been stable throughout the past months and amount to 29,730 tons.”

    [millionday] Asadi added, “The US dollar is the main currency in the Iraqi reserves. There are also some reserves in other currencies, in addition to gold.

Due to the troubled military and political conditions of the country, Iraq’s reserves cannot be invested to a large extent, as is the case in China or the United Arab Emirates, for instance.”

He further stated, “Iraq is distributing its reserves to a number of banks just to protect [these funds, although it does generate some interest on the deposits.” Economic expert also remarked the crisis between the government and CBI by remarking,

    [millionday] Article 26 of the CBI law explicitly states that it is inadmissible to lend to the government.” On how the reserves are formed, Asadi said, “Iraq’s annual budget is in Iraqi dinars, which the CBI owns. The state’s revenues are from oil exports, and they are mostly in US dollars.

The government buys dinars from the bank, which results in profits for the bank. The total CBI profits from selling dinars to the state constitute the country’s Federal Reserve, whose growth is associated with state spending. State spending increases in proportion with its oil exports.”

 Member of parliamentary economic committee, Mr. Abdul Hussein Abtan, the Iraqi MP, stated, “The total value of funds and precious metals that make up Iraq’s Federal Reserve amounts to about $76 billion.” He added, “This reserve was only invested in projects to support the stability of the Iraqi dinar’s exchange rate.”

    [millionday] On the other hand, Ahmed Hassan Faizullah, a member of the parliamentary finance committee, denied the fact that “the government is able to use Iraq’s Federal Reserve, despite its need for funds on more than one occasion.”     [millionday] the end >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>.

Editorial: Prestige of the Iraqi Dinar; Indian trade deal was significant

and one of the most important processors Iraqi dinar exchange rate towards enhancing purchasing power and restore its true value through imposed in international transactions business was or investment, so it was a step Iraqi cooperation Indian via this mechanism منجزا economically significant in the future.

Economic Committee Member: Iraq’s entry as a permanent member of the world body for securities will support its economy

Baghdad (news) .. A member of the Economic Commission Kurdistan Alliance MP Jassem شنكالي, that the entry of Iraq as a permanent member of the world body for securities will increase its shares in international companies.

Congress in favor of a proposal to conclude a peace agreement with Kuwait

Congress in favor of a proposal to conclude a peace agreement with Kuwait

26/08/2013 12:00 AM

HELI PICIn order to establish a new page of relations between the two countries
Baghdad Omar Abdel-Latif
urged the parliamentarians on the need to promote international relations of Iraq with all neighboring countries, particularly Kuwait, confirming the size of the deep ties that bind the two countries.
As deputies supported what went some opinions Kuwaiti preacher to conclude a peace agreement between the two countries under the dome of the Security Council and UN auspices, he saw others do not need such a convention under an atmosphere of brotherhood and affection that prevailed in the two countries’ relations in the past years.
was the Iraqi-Kuwaiti relations, has seen significant developments over the past years, especially with the good real efforts of the Iraqi Foreign Ministry, in restoring the country to its Arab environment, filled its natural between the rest of the countries, and Mazad the cohesion of that relationship, are mutual visits of the leaders of the two countries in recent times, and earlier involvement of a broad and influential in the Baghdad summit of the Kuwaiti side, represented by باميرها, and a delegation Large high-level. member of the Foreign Relations Committee, parliamentary, Imad John, sees the need to elevate the relations between the two countries to top mattresses, especially since all Iraqis seek to restore relations naturally with the State of Kuwait, turn the page on the past, and forget about the attack sinfulness which accept the rules regime in the invasion of neighboring sister without the slightest regard for international rights, and consequently led to drag people to the scourge, to followed by the inclusion of Iraq, a large number of international sanctions, under Chapter VII, which cost him a lot as a result of those policies reckless that the oldest under the previous regime. said John in an interview »Center Brief for the Iraqi Media Network» that Iraq has begun a new page with all neighboring countries, regional and global, especially with Kuwait, drawing on the Constitution, which states not to interfere with the affairs of these countries, by contrast, do not let it interfere in the affairs of Iraq, while maintaining a sovereignty and interests with them, warning that all agreements held with the Kuwaiti side before the year 2003 is still binding on Iraq’s implementation, stressing the inability of the current government cancel or non-implementation or mitigation of these agreements as being related to the Security Council, adding that there are some things could the two sides to overcome or resolved through diplomacy and mutual visits between the two governments, borders, navigation and fishing, as well as some other things related between the two countries.
was Kuwaiti writer Hassan Ali Karam, said two months ago that Iraq represented a person and his Foreign Minister Hoshyar Zebari is very keen to remove all obstacles that hinder the establishment of a normal relationship and permanent between the two countries, after decades of confusion and doubt. said Karam in his article published in the newspaper «home» Kuwait at the time: that the two countries and two يتخطيان toughest stages, it is imperative to conclude a peace agreement and a non-aggression, under the auspices of the Security Council and under the umbrella of the United Nations.
, in turn, Reduce the Member of Parliament for mass citizen Bayan Jabr, the importance of the conclusion of the Convention between the two countries, adding that relations between Iraq and Kuwait witnessed a great development within recent years, the past, and in the form that led to forget poof pages last year, which saw a tension between the two brothers as a result of policies of reckless the oldest on the implementation of the previous regime.

alsabaah.iq

Economic Committee to summon CBI Governor over exchange rate policy

Economic parliamentary hosts the Governor of the Central Bank
revealed the Economic Commission representative, on Saturday, the intention to host the central bank governor and agency Abdul Basit Turki “in order to develop correct policy in the next budget,” while believing that the bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar.
He said the Commission’s decision Mahma Khalil at a press conference attended by “obelisk” “The committee will host meetings next governor of the central bank and agency Abdul Basit Turki and staff at the bank in order to develop correct policy in the next budget,” expected to “be a balancing of the Iraqi state in 2014 more than 130 billion dollars. “
He added that “the central bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar,” referring to his committee “called for the central bank to work to raise the value of the dinar and the Iraqi currency against other currencies and develop a strategy just to give the dinar position correctly in order to improve the exchange rate of the Iraqi dinar and thus the purchasing value of the dinar and powerful citizen. “

Economic Committee to summon CBI Governor over exchange rate policy

Economic parliamentary hosts the Governor of the Central Bank

revealed the Economic Commission representative, on Saturday, the intention to host the central bank governor and agency Abdul Basit Turki “in order to develop correct policy in the next budget,” while believing that the bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar.

He said the Commission’s decision Mahma Khalil at a press conference attended by “obelisk” “The committee will host meetings next governor of the central bank and agency Abdul Basit Turki and staff at the bank in order to develop correct policy in the next budget,” expected to “be a balancing of the Iraqi state in 2014 more than 130 billion dollars. “

He added that “the central bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar,” referring to his committee “called for the central bank to work to raise the value of the dinar and the Iraqi currency against other currencies and develop a strategy just to give the dinar position correctly in order to improve the exchange rate of the Iraqi dinar and thus the purchasing value of the dinar and powerful citizen. “

LINK

Post CH VII, Economic Committee surprised the exchange rate remains at 1200 dinars to the dollar

BAGHDAD – Eastern, Aug. 25: amazed at the Economic Committee in the Iraqi parliament survival of the exchange rate of the Iraqi dinar against the U.S. dollar in the local market value of more than 1,200 dinars, while the sovereign balance of the $ 76 billion Iraq.

He demanded Commission decision Mahma Khalil during a news conference the central bank to develop a plan and an effective policy for the advancement of the economic reality of Iraq and seize the opportunity of the country’s exit from Chapter VII

LINK