Deletion of zeros from the currency adds a monetary value

 

The Alojdrb (Bremer) , head of the Iraqi destruction authority when hecanceled the Iraqi currency of the former regime end of 2003 to find a coin which reduces the presence of zeros, the fact that the Iraqi economy , thetraditional inflation phases exceeded until he reached the edge of collapse, and this procedure is one of the means at hand to handle twice the value of the Iraqi dinar, according to the monetary and banking law, we have to go back to the basic sources which constitutes a strong factor in restoring confidence to our national currency, which deleted three zeros from Almtadolh currency now put coins and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will achieve the following benefits:

1. Ease of circulation and clarity and knowledge of monetary value so easily to foreigners and Hmaaaml assistant on the purchase and deal with and trust the other hand it raises the monetary value against other currencies ..

2. Altfelicat paper perishable and damage, in contrast, the coin is not affected trade and the use and therefore can be manufactured again.

3 for sale . Reduces the cost of Tabaha.az be printed (25) dinars , which will replace the 25 thousand dinars Alnaamhalmtdoualh currency is currently the easiest and quality will be high ..

4. Strengthen and improve the texture by adding elements of the global currency that is not affected by natural factors such as water, and bear scrubs and tear resistance and decay. .

5. Reduce the cost of storage in the banks, because we need to Qasat less and less effort and also the smaller the number of employees by the more control and insurance prohibitively high.

6. Easily transported over long distances and easily provide a high proportion of them safely.

7. . Strong cash currency contribute to strengthening the elements of thenational economy.

8. It provides speed and accuracy in trading in settling accounts. 9. gives theworkers , giving them greater self – confidence.

10. Is the risk of error in the calculation of its simplicity and clarity.

11. This will rebuild global confidence in the banks and increases traded.

12 for sale . Also it provides cash to expand its value against the US dollar, the euro and the EU.

13. The printed specifications make them immune to fraud. There are a lot of countries that embarked on this procedure, including the Turkey even scrapped term ppm to be replaced by a thousand, and can set up amechanism to withdraw the old currency by subtracting the new currency with them and set a time limit to suspend trading Balkadimh record for aperiod of Omayorasth months, in light of that holds the government banks did not place them again in handle even the decay within the period specified ..

* Fahd Antar Dokhi member of the Iraqi economists Association

 https://www.dorar-aliraq.net/threads/686861-%D8%AD%D8%B0%D9%81-%D8%A7%D9%84%D8%A7%D8%B5%D9%81%D8%A7%D8%B1-%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D9%8A%D8%B6%D9%8A%D9%81-%D9%84%D9%87%D8%A7-%D9%82%D9%8A%D9%85%D8%AA%D9%87%D8%A7-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A%D8%A9
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Saleh: The new round of talks to lend Iraq more than five billion dollars

 

 


5/10/2016 0:00

BAGHDAD / Alaa al – Taie
revealed financial advisor to the Prime Minister Haider al – Abadi, the launch of a new round of for the implementation of the standby credit agreement in Washington talks next week, under which Iraq will receive five billion and $ 300 million as a soft loan to support the budget, during the period from 2016 to 2019 », adding that« the loan will allow Iraq ‘s international financial umbrella of the dolly and support form of soft loans to bridge the funding gap distracted mostly for reconstruction and economic development. » Dr. appearance of Mohammed Saleh, a member of the Iraqi delegation negotiating the financial adviser to the prime minister in an exclusive interview with «morning» that «there are 13 round of talks , or what is known as» Review »pertaining to implementation of the standby credit between Iraq and the International Monetary Fund agreement is scheduled to be launched in Washington the end of next week to complete the first round , which was held in Amman in early September, which will be completed during the annual conference of a group of international spending , the international Monetary Fund ». Saleh explained, that « the talks will focus on the special standby credit arrangements with a loan five billion and $ 300 million, to support the budget, what has been implemented of the economic reforms of public finance and governance, and all ready credit program», pointing out that those commitments are part of the agreement between Iraq and the Fund IMF, likely at the same time, received the second and third installments of the loan fund Albalgtin about two billion dollars year -end 2016 or early 2017. He said the financial advisor of government: that « the first stage consultation with the Fund , which took place in Amman early September addressed the implementation of the standby credit arrangements under which Iraq will receive five billion and $ 300 million agreement, as a soft loan to support the budget, during the period from 2016 to 2019» , pointing out that « The loan will allow Iraq ‘s international financial umbrella of the dolly and support form of soft loans to bridge the funding gap of at least $ 15 billion spent mostly for reconstruction and economic development.» He said «that after the end of each round of talks conducted by Iraq with the International Monetary Fund called part of the amount of the Fund ‘s loan of $ 5 billion and $ 300 million was launched the first batch after the Executive Council ‘s approval of the agreement between Iraq and the Fund in the July 7, amounting to $ 634 million, saying« it if the first round of the upcoming talks in Washington , the results of which will be presented to the Executive Board in November 7 and be ratified will be the launch of a similar second batch of the loan amounting to $ 634 million for Iraq is complete «.
Saleh continued that« consultations with the IMF will also review findings the joint agreement and the requirements of the success of economic reforms, and paced made by Iraq in the field of public finance and the general financial activity in the country ‘s governance, especially the countless number of employees and retirees ghost who receive government income violation of the law, the statement of the results reached by BSA in this regard ».

http://www.alsabaah.iq/ArticleShow.aspx?ID=124234

Barzani meets with a delegation from the US Embassy political developments in Iraq and Kurdistan

 

Wednesday 05-10-2016 | 10:22:02

M m r / d p

M m r / d p

Twilight News / Search head of the Kurdistan Regional Government, Barzani Naچervan with a delegation from the US embassy in Baghdad, Wednesday, bilateral relations, coordination and cooperation between Arbil and Baghdad and the international coalition in the war against terrorism and the future of the region.

A statement for the presidency of the provincial government responded to the Twilight News, that Barzani received Wednesday, US Deputy Ambassador to Iraq, Staffan Williams and her accompanying delegation.

The statement noted that Williams praised the positive developments on the political and military developments in Iraq as well as the visit of the region’s president and prime minister to Baghdad and resume dialogue and negotiations on the outstanding issues between Baghdad and Erbil, stressing bilateral relations between the region and America and cementing at all levels.

She praised Williams championships Alپeshmrگh forces to destroy the myth of terrorism and the defense of all the components of the Kurdish and the role of parents and the provincial government in helping the displaced people and refugees fleeing from the oppression of terror, usually it with poignant and humane.

The statement noted that Barzani for his part thanked the visit of US aid since the beginning of the war, “Daesh” against Kurdistan, and wished the continuation of military and humanitarian aid.

Barzani said the normalization of relations between Erbil and Baghdad and to address outstanding problems through dialogue and understanding.

And on the war against terrorists Barzani stressed the coordination between Arbil and Baghdad and the coalition to confront terrorism and freeing the city of Mosul and joint action and the common perception of the future of the region.

The latest political and military developments in the region and exchange insights on a number of topics related to the other hubs in the meeting, according to the statement himself.

بارزاني يبحث مع وفد من السفارة الامريكية التطورات السياسية في العراق وكوردستان

Badr bloc: Abadi and political blocs have no objection to our candidates to the Ministry of the Interior

 

 

House of Representatives hearing

 

Author: AHF, MK
Editor: AHF 5.10.2016 15:11 Number ofViews: 656

 

Long-Presse / Baghdad
Revealed Badr bloc in Parliament, on Wednesday, for not intercepting the Prime Minister and the political blocs on the candidates to take over the Interior Ministry, while confirming near Abadi Send name a candidate for the House of Representatives soon.
The MP said the Badr parliamentary bloc Razak al-Haidari said in an interview to the (long-Presse), “The Prime Minister Haider al-Abadi has no problem on any candidate from the candidates of the bloc Badr to the post of interior minister,” noting that it “will choose one of the candidates and sends the name to the House of Representatives soon “.
Haidari said that “in light of our discussions with the political blocs in parliament, these blocks is a contestant on the candidates, too.”

The MP for the coalition of state law Jassim Mohammed Jaafar revealed on Wednesday that Prime Minister Haider al-Abadi will present a list of candidates to fill the vacant ministries to the House of Representatives on Thursday or Saturday, and among the current dispute revolves around a candidate and the Interior Ministry, confirmed the contract call a meeting of the bloc with the support of al-Abadi pass these names in parliament.

The Prime Minister Haider al-Abadi, announced on 30 September 2016, seeks to provide candidates to the House of Representatives to fill the vacant ministries, as pointed out it is “not Superman” to manage all ministries by proxy, he stressed that the battle to liberate Mosul from the control of the organization (Daesh) “has become imminent. “

https://almadapress.com/ar/news/77624/%D9%83%D8%AA%D9%84%D8%A9_%D8%A8%D8%AF%D8%B1_%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A_%D9%88%D8%A7%D9%84%D9%83%D8%AA%D9%84_%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9_%D9%84%D9%8A%D8%B3_%D9%84%D8%AF%D9%8A%D9%87%D9%85_%D8%A7%D8%B9%D8%AA%D8%B1%D8%A7%D8%B6_%D8%B9%D9%84%D9%89_%D9%85%D8%B1%D8%B4%D8%AD%D9%8A%D9%86%D8%A7_%D9%84%D9%88%D8%B2%D8%A7%D8%B1%D8%A9_%D8%A7%D9%84%D8%AF%D8%A7%D8%AE%D9%84%D9%8A%D8%A9

Representative of Iraq at the UN Security Council: the government is moving internationally Turkish intervention

 

History of edits:: 5/10/2016 21:5716 visits readable
[Oan- Baghdad]
representative of Iraq at the UN Security Council, Mohammed Ali al – Hakim, said the Iraqi government began toact internationally on the Turkish intervention.
Hakim said in a press statement, that ” the Office of the Prime Minister and Foreign Minister told us to meet withPresident of the Security Council and has already been done to explain the position of Iraq from Turkish violations and also we met with Deputy Secretary – General of the United Nations and Odhna Iraq ‘s position onthe violations and statements of Turkey and the Turkish parliament to extend the stay of troops violations and clear . ” .
he added that ” the President of the security Council was fully Mtvhma to the situation in Iraq as well as thedeputy secretary and I consider that the situation is serious and will contact Envoy of UN in Iraq to clarify that.”
the wise, that “there is support for the position of Iraq to the Turkish violations and not as a resolution under Chapter VII for the exit of troops Turkish. ”
the Iraqi Council of Representatives yesterday voted to reject the decision of the Turkish parliament to extend thesurvival of Turkish forces into Iraqi territory [in the northern city of Mosul] Iraqi government and called forconsideration of these” occupied and hostile “forces while taking mutatis to deal with them and taking them out of the Iraqi territory if it does not responded to Iraqi demands with the demand from the competent judicial authorities by moving the litigation to hold accountable the claimants to enter the Turkish troops and launch support statements and justifying their existence. ”
the Foreign Ministry summoned the ambassador to leave for Iraq to clarify the remarks” provocative ” the last of the officials of his country about the battle of Mosul anticipated.
the Turkish President Recep Tayyip Erdogan called last Sunday, to maintain the demographics of the city of Mosul, after its liberation from Daesh, “then where inhabitants have all different ethnic backgrounds.”

Parliament will hold its meeting tomorrow in the presence of al-Jaafari

 

History of edits:: 5/10/2016 21:0817 visits readable
[Oan- Baghdad]
House of Representatives held, its regular, on Thursday, in the presence of Foreign Minister Ibrahim al – Jaafari.
And it includes the agenda of the meeting , according to the information department of the parliament “vote on the draft support doctors law, voting in principle to the draft second amendment to the law the abolition of thelegal provisions that prohibit courts from hearing lawsuits No. 17 of 2005, the first reading of a proposal to protect the diversity and prevent discrimination law.” It
also includes directing ” an oral question to the Foreign Minister of MP Hanan al, and report and discuss the draft government banking Act, and report and discuss the Iraqi national Paralympic Committee Act.” The
table also includes a “report and discuss the first draft amendment to the law take care of minors No. 78 of 1980, and report and discuss proposal first amendment law of the companies Act No. 21 of 1997 as amended, and thereport and discuss the proposal of the first amendment to the law of the Iraqi media network No. 26 Act of 2015, and a report and discussion of the proposed ownership of low – income people the law of residential land. ”
and would be” in the subject for discussion regarding the follow – up to water and electricity file, and theformation of a joint committee on the subject of media reports accusing some senior oil Ministry officials ofcorruption issues “on the agenda.

 

Central Bank form a committee to oversee the distribution of funds for Bmodei Dar es Salaam

 

 

Iraq Central Bank

 

Author: AHF
Editor: AHF 05/10/2016 20:10 Number ofViews: 73

 

Long-Presse / Baghdad

Iraqi Central Bank announced on Tuesday the formation of a committee to oversee the distribution of funds to depositors of Dar es Salaam, noting that the bank will continue to work intensively.

The bank said in a statement received (range Press), a copy of it that “the Central Bank would like to clarify that he was forming a committee to oversee the distribution of funds to depositors (Dar es Salaam).”

The bank added that “it was a large amount of the legal reserve of the bank allocation, the bank will follow the work of the bank above and intensively.”

It was a group of depositors in Dar es Salam Bank announced their intention to organize a demonstration, tomorrow, in front of the central bank to demand their money deposited with the bank, because of the failure of the management of the bank for disbursement.

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