Economists warn of continued high dollar exchange rate .. and are demanding action to reduce currency auction


Economists warn of continued high dollar exchange rate .. and are demanding action to reduce currency auction

8/07/2016 (00:01 pm)   –   the number of readings: 79   –   the number (3708)
 Baghdad / Ibrahim Ibrahim

Economists and specialists warned in financial affairs, on Saturday, the continued rise in thedollar exchange rate , which led to stagflation and an increase in prices of goods and commodities price. As called for the central bank to reduce theamount of dollar selling by the daily currency auction, called for activating the laws on import and export operations to prevent money laundering , smuggling out of the country and install a specified exchange rate helps to stabilize market prices price.

The Iraqi Central Bank announced on Sunday (July 24, 2016 ), agreed to open the windows ofgovernment banks to sell the dollar to citizens.
He says economist Bassem Jamil Anton in an interview for the “long”, that ” the main reason for the rise in the dollar exchange rate future dinar due to the process of the display and daily demand, and today we note low amount of supply in half where the central bank sold more than $ 300 million, while it dropped to $ 120 million due to lower revenues derived from the export of crude oil. ”
he added that” the work of some government and private banks and the old laws led to citizens refrain from saving their money in banks and head to convert their money of the Iraqi dinar to the dollar because it ismore a guarantee less the amount resulting in a large demand for the dollar coin for that note its high price gradually. ”
among Anton that” there are the views put forward for re – dollar pricing according to the data real-time market and to control the installation of the real price without being subject to speculators and currency traders who are making a difference selling price exceeds ten points derive from this process millions ofdollars. ”
He explained that” the dollar pricing process you need to prepare a complete program to deal with thecollateral damage such as inflation monetary cumulative rise in commodities and goods that traders and speculators caused by lifting prices to double fold. ”
He called the economist” Central Bank to put daily control to follow the work of the auction currency and lower sales and gradually transform the import process to the Ministry of Commerce, according to the law to issue import certificates. ” in
turn, the economic expert , Abbas Ibrahim al – Bahadli said in an interview for the ” long “, said that” astrong dollar against the dinar had been gradually since nearly a year and a half year due to the economic and political crises witnessed by the country in addition to mismanagement by the central bank. ”
He added that” the central bank law the foundations of so – called daily currency auction to supplement thedomestic market in dollars through the government ‘s sales of crude oil. ”
He Bahadli that ” the central bank ‘s policy in the process of selling the dollar marred dealings daily operations of corruption and money laundering by individuals and companies influential in collaboration with some of the departments of the banks responsible for the daily auction to sell the dollar.”
He said the “financial distress experienced by the country has forced the central bank to determine its sales everyday for the dollar to fall to nearly half and to maintain the bank ‘s foreign currency reserves , which drained the previous governments as a result of mismanagement. ”
He Bahadli that” chaos import and confusion , which passes by the country since 2003 , led to the entry oflarge stocks of goods is exceeded the needs of citizens such as hardware home and cars that cost the state billions of dollars in oil imports. ”
he continued that” the central bank must strike a balance between the amount of supply of a dollar coin and asked the domestic market gradually to avoid economic vibrations sudden. ”
for its part, called on the Committee on economy parliamentary, the central bank to the need take thenecessary measures to maintain the dollar ‘s exchange rate against the dinar measures, stressing that thecontinued rise will lead to stasis of inflation in the market.
she said committee member Rep . Najiba Najib in a press statement seen by the “long”, ” the rise of the dollar was due to the lack of central bank sales of foreign currency in light of the increasing demand to buy it,which led to a rise in the market, stressing the need to take necessary measures and processors to create abalance between the dinar and the dollar in the market and maintain stability in the exchange rate. ”
the Central Bank of Iraq, announced on Wednesday (22 June 2016), not to deal with customers who were struggling permits special customs Bastiradathm or who relied forgery requests, while committed banks and remittance to submit the names of those customers for the purpose of uncles to prevent their access to foreign currency in the future.
the Iraqi Central Bank decided on Thursday (16 June 2016 ), the dollar sales reduction for citizens wishing to travel to the (3000) dollars instead of 5,000 dollars, while stressing the need for the sale takes place after the completion of the required archives all. It is
noteworthy that the central bank called on Monday (6 June 2016), citizens the traders who buy the dollar by more than 1,200 Iraqi dinars, the conversion of companies and banking to make a complaint to the bank ‘s board, and attach the required payment arrived with the complaint, while undertook to pay thedifference in the purchase and deducted the value of the vendors.

Samurai: Jubouri legal position and strong leadership coalition forces have agreed to protect him


Besides meeting of coalition forces on Friday


Author: AB
Editor: AB, HH 08.06.2016 17:14 Number ofViews: 58


Long-Presse / Baghdad

Secretary-General of the Iraqi Islamic Party, Ayad al-Samarrai announced on Saturday an agreement of the leaders of coalition forces during the last meeting on the protection of their alliance and “do not let the crises weakening cohesion”, he promised that the position of Parliament Speaker Salim al-legal “healthy and strong”, while the detection of agreement alliance forces to hold another meeting.

Said Iyad al-Samarrai in a statement received (range Press), a copy of which, “The meeting of the leaders of the coalition forces, on Friday, discuss the crisis raised by the Secretary of Defense on the House Speaker and other lawmakers that,” noting that “the leaders of the coalition have agreed to protect the alliance and not to let the crisis weaken the current cohesion. “

He said al-Samarrai, that “the legal position of the Speaker of Parliament Dr. Salim al-Jubouri, a sound and strong,” asserting that “al-Jubouri, gave his testimony before the courts and before the competent committee in the House of Representatives, which is reassuring to the outcome of the investigation.”

The Secretary general of the Iraqi Islamic Party, expressed “agreement for the coalition forces to hold another meeting in the presence of a number of other leaders to complete the dialogues.”

The Iraqi Islamic Party, reiterated on Saturday (August 6, 2016), his commitment to the Council Speaker Salim al-Jubouri, promised “lies dismissed evidence of the demise of the owners and the approaching hold them accountable,” while the accused “corrupt fabricating lecturer fake meetings fictional stories.”

He said the coalition of state law, on Friday (August 5, 2016), the existence of political moves to dismiss parliament speaker Salim al-Jubouri and questioning of the Minister of Education Mohammad Iqbal following accusations Defense Minister Khaled al-Obeidi, and as revealed coalition forces for a meeting with the national coalition in the house of the coalition are united Osama Nujaifi to discuss the “replace” al-Jubouri, pointed to initiate the reform front to collect signatures for the dismissal of the speaker.

The face of the Defense Minister Khaled al-Obeidi during his interrogation in the House of Representatives session, on Monday, (the first of August 2016), charges to House Speaker Salim al-Jubouri, and members of parliament Mohammad al-Karbouli and Muthana al-Samarrai, former MP Haider Mulla to “Msahumich appointments and try to pass the corrupt contracts” Jubouri than pay to leave the parliament session before returning it threatened to resort to the judiciary.

The House Speaker Salim al-Jubouri denied, on Monday, (the first of August 2016), corruption allegations addressed to him by Defense Minister Khaled al-Obeidi, and in accusing him of “covering up” the corrupt files raised during questioning over the six-month session that, pledged to “non-parliamentary sessions until the management to prove his innocence.”

Jubouri Obeidi judicially held accountable, even if did not prove his claims

History of edits:: 6.8.2016 9:55138 visits readable
{Baghdad} Euphrates News announced Parliament Speaker Salim al-Jubouri, said on Saturday that the Iraqi judiciary will be held accountable and Defense Minister Khaled al-Obeidi, if the allegations proved or not proved.
According to al – Jubouri ‘s office in a brief statement, the agency Ralafrat News} received a copy of it today, ” The President of the House of Representatives explained by saying that al – Obeidi in the event of proven allegations and is impossible Vchristasp prosecuted on charges of cover – up and if it does not prove it is uncertain Vchristasp prosecuted for defamation and misleading public opinion.”

The House of Representatives began to question defense Minister Khaled al -Obeidi , earlier this month, was charged with al – Obeidi , head of the House ofRepresentatives and the House of Representatives Mohamed Karbouli and high Nassif and Hanan al former MP Haider Mulla financial and administrative corruption, and subsequently was formed investigative committees, and this led to the issuance of the Prime Minister Haider Abadi order preventing travel of all those named.

the Defence Minister Khaled al – Obeidi held a press conference on Saturday to explain what happened in the interrogation session in the House ofAlnwab.anthy

Citizen bloc demanding the president to intervene to stop the travel bans because they are illegal


Citizen bloc demanding the president to intervene to stop the travel bans because they are illegal

Nur News / Baghdad
MP for the Bloc citizen Rahim al-Darraji, on Saturday, that the most important legislative authority functions “of control and legislation” laws, including the questioning of members of the executive and questioning the right of every parliamentarian, while the President of the Republic called on to intervene to stop the travel bans because they are illegal.
Darraji said in a statement, “Nur News” received a copy of it, that “what is striking that the executive branch had a harsh reactions and procedures based on the Iraqi Constitution, especially with regard to restricting freedoms through the issuance of a travel ban.”
He continued, “This means robbed the will of the legislature and muzzle brothers members of parliament to prevent questioning of the government or its members, and thus control of the existing parliamentary system and an end to the democratic experience of the political process, especially what happened yesterday with the high Nassif MP personally demonstrates the validity of what we went to him.”
He called Darraji, members of the House of Representatives, to “pay attention to this violation of the Constitution of the proceedings because the case law unconstitutional and is not a personal issue,” and urged the president as the protector of the Constitution that “a serious stand against these practices stand,” the head of the Supreme Judicial Council to “clarify its position them so Do not unleash the executive branch excesses in the legislature. “
He stressed “the need to Ataatbha the Iraqi people to the realities of things and the data is not sincere in a hurry to adopt decisions until the white thread from the black thread through the presentation of evidence and proof.”

Parliamentary defense calling on the government “to investigate” armament deals signed in “the era of al-Maliki.”


Meet Abadi and the Committee of the parliamentary security and defense


Author: AT, HH, MK
Editor: the AT, HH 6.8.2016 12:51 Number of Views: 512




Long-Presse / Baghdad

Called on the security and defense committee in the House of Representatives, on Saturday, the central government to open “immediate investigation deals armament” signed by the Ministries of Defense and Interior during the previous years, and stressed the need to call an expert in financial matters and specialists in the integrity “to make sure the final accounts for those contracts,” with it attributed the reasons for opening those files to uncover “the facts and issues of corruption under the previous government of Prime Minister Nuri al-Maliki.”

A member of the committee, Majid al-Gharawi, in an interview with (long-Presse), said that “the security and defense committee calling for the government to open an investigation fair and transparent in all previous contracts concluded in the ministries of interior and defense,” stressing “the need for the government assisted by experts in the financial control departments debt the relevant body to ensure the integrity of the final accounts of the two ministries. “

He Ghraoui, that “the aim of the investigation was to show the facts and expose the corruption that occurred in the time of the previous government,” Prime Minister Nuri al-Maliki.

The capital Baghdad and 10 Iraqi provinces are (Babil, Karbala, Najaf and Diwaniya, Muthanna, Dhi Qar, Wasit, Maysan, Basra and Diyala) is witnessing massive demonstrations since August 2015 to condemn the poor services and corruption in government institutions and the judiciary, resulting in many of the reforms announced by Prime Minister Haider al-Abadi, while protesters say that these reforms “marginal and unimportant and did not check” their goals.

The central bank sets a mandatory five points for banks, companies and warns of legal accounting


6-08-2016 03:49 PM


Central Osdralpennek Alaraca, documents which obliges all private banks ‘approved’ companies Almala, conversion and corporate broker for buying and selling currencies Alajunbah, b 5 Anagat, warning Ayaha, legal accounting if it has Mkhalvh, those ‘practices’ five.

The documents Aly, Fatah Central Bank ’email’ from which receives all the requests and proposals submitted by the Alamlae, indicating that the central bank governor will brief directly to the lists in the e-mail referred to in the documents.

She stressed that the ‘mediate when figures or Kianat, either directly or Mbacr, ordered Merfod’, tight’ to inform the Central Bank in any way (blackmail) by Mozver, for a stroll and other transactions. “

Urgent . . Image a meeting attended by Najafi and al-Jubouri and Samurai-Mashhadani to support al-Jubouri

Urgent . . Image a meeting attended by Najafi and al-Jubouri and Samurai-Mashhadani to support al-Jubouri

Written by : mohanad in:

August 6, 2016In:

Nur News / Baghdad

Meet valuable house Osama Nagiqi held collect all of the parliament speaker Salim al-Najafi and Mutlak and Iyad al-Samarrai and Mahmoud al-Mashhadani and others from Qath coalition forces to support al-Jubouri and refute false rumors about his dismissal.