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22-11-2015 12:15 PM
Governor of the Central Bank on the Keywords confirmed that the project to delete the zeros of the existing currency, pointing out that the issuance of 50 thousand dinars category came to structuring currency, said the Keywords that the central bank rejected a proposal on the distribution of employees’ salaries in dollars.
Keywords and said that the administrative conditions are not favorable for the implementation of the project to delete the zeros of the currency but the project still exists, he said, adding that the issuance of the new category will facilitate the transport and conversion process by the banks and citizens the fact that the 25 A category is no longer suitable for trading compared to the monetary mass in circulation, stressing that the 50 thousand dinars category do not affect the inflation and rising prices, because issuance has been damaged against the major currencies.
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November 22, 2015 House of Representatives ended its session usual forty-first session was chaired by Dr. Salim al-Jubouri, President of the Council and in the presence of 210 deputies on Sunday 22/11/2015, to discuss the draft federal budget for fiscal year 2016 Act.
At the outset of the meeting the Council voted on the steps of reading a report from the Commission services and reconstruction on the agenda includes a visit to the ports of Basra province.
And followed the Commission services and reconstruction, a report on her visit to the ports of Basra province, which recorded observations concerning the problems of the mechanics working in the ports, including the method of entering the closed container and examine the device Sonar Old, which could result in the introduction banned the country’s material, referring to the multiplicity of administrative authorities in the port and do not enjoy the Director of the port the power to them.
He drew the Committee’s report to the deterioration of the level of quality control device in the port and its influence in dealing with incoming materials to Iraq that could carry radioactive materials and the lack of a screening of explosives, as well as the port authorities are not subject to a single point of control.
The committee recommended to address mistakes and remedy the obstacles that cause damage to Iraq and work on the development of Iraqi ports and submit its report to the Cabinet with recommendations in this regard, the proposed limitation port authorities of the region of one and the development of sophisticated devices control and subdue all imported materials quality control,
in addition to the formation of a committee of experts for the advancement of the port, as well as legislation allows law granting wider powers of the Board of Directors.
Mr. al-Jubouri, in turn, called for the Commission services and reconstruction to follow up the issue and set a date to host the Minister of Transport to discuss the report of the Committee.
The Board voted to approve the resignation of MP Hussein al-Aziz al-Sharifi from the membership of the House of Representatives special reasons after applying for the presidency of the Council on 1/10.
Mr. President of the Council also gave the name of the ladies and gentlemen of Representatives heartfelt condolences to Vice Muhammad Taqi al-Mawla of the death of his sister.
In another matter, it ended the economic and investment commission read the report and discuss the federal budget of the Republic of Iraq for fiscal year 2016 and provided financial, legal and economic committees.
In the interventions, ladies and gentlemen MPs MP Mehdi al-Hafez stressed the need for the government to reconsider its vision and its policy on the financial budget, calling for giving priority to supporting the private sector and the services sector.
MP Niazi Ihsanoglu allocate two billion dinars aid to compensate those affected in the city of Tuz and rehabilitation of the damage to some homes and contribute to calming the security situation in the city.
The MP pointed of quitting Chairman of the Committee on Security and Defense to the urgent need to increase the amounts allocated to arm the security services and the popular crowd to support the war against gangs Daash.
For its part, he wondered MP Hanan al about the reasons for the Kurdistan Regional allocations drawer after the announcement of the province not its obligation to deliver oil sales and revenues border dues, pointing to the absence of recycling the provincial budget for prior years in the current budget and the survival of US $ 4 billion owed by mobile phone companies without treatment.
He noted the MP Najiba Najib to prejudice a large share of the Kurdistan region within the budget of 2016, including the Peshmerga forces and accruals oil companies allocations wondering about the region’s share of foreign loans.
He noted the MP Riad Ghraib to the need to develop Toary budget for Iraq being a face significant external challenges.
He called Mansour Baaja to reconsider and make it the region’s share of 12.7% depending on the percentage of population and not on the basis of three provinces.
The MP Ammar Tohme stressed the importance of achieving justice in the amounts allocated to the ground forces and the Peshmerga and the popular crowd, according to numerical proportions.
I suggest MP Abdul Karim al-Naqib add the item in the budget law for revenues of border crossings and obtaining 5% of them to the provinces, as well as a doubling of the budget of the popular crowd.
For his part, MP Raad Aldhlki that the budget contributes half-displaced people in Cairo under the circumstances they are experiencing.
Asks MP Ali Shukri how secure the loan from the International Monetary Fund and reliable in the construction budget.
The MP Jassem Mohammed Jaafar on the need to support the popular crowd and assign the budget, in addition to compensation for the victims in Tuz.
And it demanded an olive-Dulaimi MP to return to support the general budget for 2015 and adoption of the coming year in preparing the budget.
MP Khalaf Abdul Samad also suggested changing the party that is preparing the budget and entrust responsibility for academics and economists to avoid the problems associated with organized, stressing Pay attention to the draft port of Faw.
Rep. Nora felt Albjara that the federal budget relies on traditional steps free of detailed tables, surprising from the non-disclosure of the ministries and government departments mechanisms expenses.
He called MP Mohammed Halbusi to exchange Anbar province, allocations of ration, fuel, electricity disadvantaged by the province because of the security situation.
For its part, demanded the MP Birwan reformer to ensure the inclusion of students in public universities grant which they were deprived in full over the past year as well as forcing ministries specify the percentage of 5% of the grades for the appointment of doctoral and master certification campaign.
He noted the MP Hashem Almusuma to the seriousness of the loss of the final accounts for the year 2015.
Attorney Yitzhak leading to pointed out that the Ministry of Displacement and allocations are not commensurate with the size and number of displaced, calling for an increase of funds allocated to them.
Kawa Aziz urged the MP to provide the necessary financial allocations for the Peshmerga forces battling against terrorism over large areas.
In turn, drew MP Adnan al-Asadi to the bad conditions and the high poverty rate in the province of Muthanna, which requires increasing the proportion of the budget allocated to them.
The MP Abboud al-Issawi that the situation of the displaced will require increased entitlements on the basis of the proportion of the population, in addition to the importance of increasing allocations of the Ministry of Agriculture and farmers.
He called MP Awad al-Awadi, to increase the amount of housing fund for the benefit of the low-income segments.
And MP Abdul Rahman Alloizi attention quotas Nineveh province, away from political disputes.
In its response to the interventions of the ladies and gentlemen of Representatives, the Committee on confirmed taking into consideration all comments and proposals and included possible, including in the preparation of the final version of the draft federal budget for the 2016 law, noting that the government promised to reduce investment spending to reduce the deficit.
On the other hand, followed the MP, but Talabani’s statement on behalf of the heads of parliamentary blocs condemned by some young people burned the Iraqi flags and Kurdistan and insulting symbols of national figures in ways uncivilized, noting that the attack on religious symbols and the Iraqi flag and the Kurdistan region is a violation of the law, calling for the concerned authorities in the Government Federal and provincial government to put an end to such serious cases.
Then gave the MP Hassan Chuird Chairman of the Foreign Relations Committeestatement on the terrorist attacks that targeted a number of countries and the decision of the UN Security Council on counter-terrorism and regulatory Daash and the victory of terrorists, he expressed his welcome to the decision internationalist, demanding to be such resolutions under Chapter VII and not Chapter VI.
Then the face of Sheikh Hamoudi, the MPs members of the Support Committee for the popular crowd and the Peshmerga and the sons of the tribes to the meeting to elect the President and the Programme of Action.
Then it decided to adjourn the meeting until Tuesday 8/12/2015
The information department
Iraqi Council of Representatives
Date: 11/22/2015 15:10
Information / special / ..
Presidency of the Council of Representatives decided, Sunday, lifting its 41 legislative year of the second legislative term the first to the eighth of next month.
A parliamentary source told / information / The “House Speaker Salim al-Jubouri, the Council decided to raise the session held today to eighth month this December after the vote on several bills.”
He added that “the meeting included a vote on the referral of MP Hussein Sharifi into retirement.”
Referred to the House of Representatives held a meeting today under the chairmanship of Salim al-213 in the presence of Vice. Finished /
Private Bankers Association warns of cash crunch
Financial Parliament (time): next year the economic situation will not be different from the current
BAGHDAD – Tamara Abdul Razak
Parliamentary Finance Committee predicted not different economic situation for the next year for this, while the private banks association confirmed the possibility of financial distress traffic with low oil prices and increased government spending. Said committee member Mohammed Abdul Khaliq (time) yesterday that (the 2016 is no different from 2015 in the budget situation, there may be a slight difference industrial and agricultural loans in addition to projects that pay on credit and has also been a mechanism in place for private sector companies to contract and labor). He (there is not an economic crisis but a cash crisis due to low oil prices and the solutions lie in unpaid loans from the central bank as well as the payment term loans in addition to the issuance of the investment law in Iraq). He said that Abdul-Khaliq (the new currency trading category 50 000 dinars, where specifications are difficult to falsify being printed at a global and specialized companies As for the issuance of class 100 000 dinars premature Valammer). Stressing that (based on the dinar exchange rate, particularly that protected reserve role to maintain the exchange rate and the purchasing power in this case is not affected because there is a very large reserve). Adding that (the dinar exchange rate against the dollar will not be a change if the central bank continued to provide the need of dollar traders and those who need these currency). He pointed out that (deletion of zeros from the dinar was discussed a meeting held at the central bank and this decision may exhibit some of the negatives and deferred for the time being). The director of the Association of private banks Ali Tariq (time) yesterday (next year will see significant financial hardship and fall in oil prices will increase government expenditures), he said (there are certain things several State followed to avoid economic disaster which reduce government expenditures and the expansion of the collection of customs and tax any obtained from eligible and not raise their value since there are more than 50 percent of the traders do not pay customs duty and tax for one reason or another as well as providing appropriate) investment environment. He pointed out that (the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars). He pointed out that (the dinar exchange rate stable against the dollar and the value of 1220 dinars to the dollar will be stable throughout the year). The economic expert contrary goldsmith said (time) yesterday (thousand new dinars, the 50 category which was approved reprinted contribute significantly to ease circulated and traded between traders and shoppers as well as they constitute facilitate financial transactions in economic activity within the market process). He pointed out that (the decision to issue currency not related to the process or raise the value of the dinar plan, because raising the value depends on the increased economic activity of the country and domestic production multi-species in all sectors. When it increased the country’s activity and production increased value of the dinar worldwide).
He added that the (main objective of issuing currency to facilitate daily transactions, especially that the country does not have the significant digits in the dinar). He explained that (the authorities concerned to do the decision to delete the zeros and it contributes significantly to the process of reading the amounts documented in the financial accounts and in particular it aims to facilitate this process.
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