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Jubouri confirms Makourk to the importance of increasing the international effort in coordination with IraqPolitical Since 08.12.2015 at 09:08 (GMT Baghdad) BAGHDAD - scales News The head of the House of Representatives Saleem al-Jubouri, the importance of increasing the international effort in coordination with Iraq in the liberation of the areas occupied by Daash and preparations for the battle to liberate Mosul operations, pointing to the need to bring stability to ensure the non-return of "terrorist groups". Jubouri said Office in a statement received / scales News / copy of it, "Parliament Speaker Salim al-Jubouri, received yesterday, the private US President and coordinator of the international coalition to fight Daash Brett Makourk in the presence of the US ambassador to Iraq, Stuart Jones envoy," explaining that "the meeting, they discussed the latest developments political and security in Iraq, and the ongoing operations of Liberation in Anbar, Salahuddin and preparations for the battle to liberate the province of Mosul. " "The meeting discussed the international effort and the need to increase the effort in coordination with the Iraqi side with the need to focus air strikes and avoid civilian casualties during these operations." He continued that "the meeting also discussed the importance of the stage that follows Daash and the need to draw a clear plan of action for the Liberation of the provinces and to achieve stability and to ensure that no terrorist groups return again." It ended 29 quarters e

For the first time in Iraq, the adoption of sophisticated electronic program in the implementation of a comprehensive survey of poverty in 2016 Tuesday 08-12-2015 | 10:22:46 Iraqi woman in a poor area - Z p Twilight News / Executive General Manager of the Poverty Reduction Strategy in the Ministry of Planning Najla Ali Murad and the support of the World Bank, in collaboration with the Central Agency for the adoption of administration announced a new tool to assess the standard of living and well-being of the Iraqi people through tracking mail and instant repeated for families to measure the level of poverty in the country. Murad said in a statement responded to Twilight News, said the program, which was adopted and is the first of its kind in Iraq and the region has proven its success through the implementation of a pilot survey to assess the well-being and standard of living indicators about the use of fast and effective device (iPad). She explained that the new system costs very little compared with other methods, as well as ease of use to monitor and evaluate the level of poverty annually and whenever the need arises through an electronic form includes a number of variables that are fulfilled by the researchers in the field. Murad pointed out that the field information is sent directly from the field via the Internet are linked to the control center from which to estimate the average family that determines their living compared to the national poverty line spend. It showed that the new method of measurement and evaluation of poverty will be adopted in the implementation of a comprehensive national survey to monitor and evaluate poverty in Iraq during the first half of next year in 2016 and continues for a period of sixty days. The Central Bureau of Statistics of the Ministry of Planning was carried out in 2012 socio-economic survey of the family for a full year and based on the results that the survey was awarded the poverty line b (105.5) thousand dinars per person per month.

08/12/2015 13:51 Parliament held its 42nd postponed to Wednesday BAGHDAD / Obelisk: a parliamentary source said on Tuesday, that the presidency of the parliament decided to postpone the parliamentary session was held to 42 on Wednesday. The source said in an interview with the local media and I followed 'Obelisk', that 'the Presidency of the Council of Representatives decided to postpone the hearing until 42 tomorrow, Wednesday, the ninth of December, the current'. The source, who asked not to be named, said that 'the reason for the postponement of the hearing due to lack of quorum. " . The Presidency of the Council of Representatives decided, earlier on Tuesday (December 8, 2015), to postpone the hearing of the Council of 42 half-hour for lack of quorum.

The government received a draft sovereign wealth fund law 8/12/2015 0:00 BAGHDAD - morning handed over to the economic and investment commission parliamentary project sovereign wealth fund law to the government because of its importance in avoiding any emergency economic crisis. A member of the committee MP proof Almamori "morning": that the Commission recognized the draft law to the government with all the details of the founded and over its importance to the country if passed. He said the committee met with specialists and international companies in order to contribute to the fund, which manage money well established, warning that if Iraq possessed such a fund because over the current economic crisis. He predicted Almamori get heated arguments and obstacles will face the law, but stressed the pursuit Committee to approval as soon as possible, calling on the government to earmark funds to set up the fund after the adoption of law, similar to other countries. Known sovereign wealth fund that is owned by the state and consists of assets such as land and stocks, bonds and devices other investment, the Fund represents the entity that manages the surplus money the state in order to invest. sovereign funds are not a new phenomenon, but some dating back to 1953 but began excessively active recently acquired within the financial sector alone stakes in giant institutions such as Morgan Stanley and Bear Stearns, Merrill Lynch and Citigroup Sunset and "UBS". He noted economists that the oil revenue is the main source biggest sovereign investment funds in the world of stocks, reminding that in conjunction with the rise in oil prices over the previous year and the increase in imports producing countries ores increased the assets of these funds, as is foreign cash reserves source also essential. Most experts believe that the emergence of these funds and global role a positive sign in the world of financial markets, for example, was quick these funds to pump money into the structure of the US economy as most investors from the US market have fled because of fears associated with the likelihood of that economy to recession and deflation . However, some point to the existence of negative aspects in the work of those private funds in terms of lack of transparency in their work as the most do not disclose the size or activity or returns of its investments and distribution, and therefore these secret let down in the funds Activity shadow on the motives of investment options, some countries show concern about the prospect of a royal states for the funds to exercise political influence on the companies that it acquires and it stuck joints where economic decision.

Alnasiri calls to reconsider lending policies 8/12/2015 0:00 BAGHDAD - Hussein al-Tamimi Tgb The objectives of monetary policy to achieve economic growth and stability and to reduce unemployment and stabilize the prices of goods and services and the stability of exchange rates and improve the balance of payments and to achieve these goals through a direct and indirect their tools. In this regard, said the financial expert Samir Alnasiri: »that the Iraqi Central Bank is currently preparing a plan for the coming years in the development of policies, programs and mechanisms work, particularly with regard to the applications of monetary policy and means of supervision and control of the Iraqi banking sector and this requires that be considered observations and proposals working to address the gap phenomenon between the financial policies of the state and monetary policies adopted by the Central Bank of Iraq and the requirements of the fight against inflationary pressures and reduce the current expenditure and coordination of plans and programs to achieve the rescue of the Iraqi economy from financial collapse. » He urged in an interview for »Sabah« the Iraqi Central Bank to do to re-plan and future policies of cash until 2020 with confirmation main goal of dealing with inflation and achieve the planned growth in the contribution of the banking sector in the gross domestic Alajamali.alnasiri suggested activation of the Iraqi Central Bank's policies to control policy cash in the banking system to support and reconsider the policies of lending and mechanisms for credit risk management in the granting of credit to small and medium investment and loans in productivity and investment sectors that achieve cash flow clear and revive the economic cycle so as to contribute to the economic development and diversification of financial resources of the general budget. He pointed to the importance of the central bank Iraqi reconsider study the possibility of lowering the cap timeout law of the volume of deposits in banks and frozen with the Central Bank of Iraq without investment, noting that this frozen can invest and benefit from the support of private banks and enable them to expand their investment activities and the search for new banking products also requires the development of lending mechanisms amounts banks that the cash-strapped suffocating because of the general economic situation that Iraq is going through. The student development and support and stimulate the Iraq Stock Exchange and to find the means and tools that push for lifting the market and companies index prices in line, assets and standard output and profits, at least certainly the value of real stocks and to prevent speculation that harm the Iraqi assets including real and not proportional to the actual value. And preferred Alnasiri the Central Bank of Iraq to reconsider the instructions for auction foreign currency and regulate the sale of dollar process and define the role of banks in the mediation between the customer and the central bank, in addition to determine the responsibility of the Ministry of Trade, Finance and Planning in the irregularities committed by some customers and not to blame for banks Vqt.wachar to the importance of the establishment of (fund) or (a private portfolio) to certificates of deposit issued by banks wishing to address the deterioration of stock prices in the Iraq Stock Exchange and the addition of new banking management of the current investment investment climate in the market to stimulate as well as increasing the volume of bank deposits, leading to increased investment activities of all economic sectors and then achieve positive impact for investors, pointing to the establishment of boards of directors in banks passage of strategic, operational risks and implementation of the executive management of the bank to ensure that the operational risks associated with all types of banking products selected. And provide a base of information flowing in the bank, which play an important and key role in establishing and maintaining effective framework for operational risk management and follow-up over the possession of the banks an effective system for identifying, measuring and monitoring operational risk as part of risk management. He stressed to reconsider a provision for doubtful debts in accordance with the list of guidance and re elasticities and periods of time extra for banks to be able to liquidate these debts, most of which go back to earlier periods and most debtors have migrated outside Iraq for security reasons beyond their control and that these ratios lead to a cut in the profits realized actually the result of deducting these percentages of net profit and thus affect the bank's activities new investment. He concluded his speech by emphasizing the restructuring of the banking sector, especially the government banking sector and to study the privatization of some of its divisions, branches and work on activating the operating banks expand and diversify their banking services especially to increase credit and investment share in a balanced manner with revenues of college to become these banks an effective pillar of economic growth that stray from the monopoly of some banking operations and the withholding of government activities and public institutions for private banks.

Islamic banks .. Between al-Shara and the economy 8/12/2015 0:00 Dr.. Acer Yassin current circumstances experienced by the Iraqi economy from the beginning of the recession could be long requires us to deal with all the data available in the economy and revitalize and re-breathe life into some of the doors of economic activity. Including Islamic banks, which restricted its unfair competition from some of the Iraqi private banks, which was based on dealings in the currency of the Central Bank of Iraq auction in the conduct of its business and achieve sustainability of its dominance of the data of the Iraqi banking work without a guarantee in the financing of real processes of development in the Iraqi reality and the survival of its ink on transactions and transfers paper was marred in the last period a lot of suspicions of money laundering. These data are all paid the limited number of Islamic banks to adopt investment formulas distance often from the provisions of Sharia and Islamic approached from traditional commercial banks, albeit an Islamic cover such as Murabaha formula to buy something which we find unfair for its intended role of Islamic banks which are financial institutions working to assemble Savings and investment the best form that does not contradict the provisions of Islamic law, adoption is based in its dealings on the Islamic modes of financing of acts of banking and finance and others to meet the needs of emerging economic sectors in order to collect on the specific share of Murabaha is the information from this process and its distance through it from any suspicion of usury is forbidden. We First of all can confirm that righting the foundation for the establishment of Islamic banks is to meet the requirements of the users are trying to reconcile their need to finance or invest their money within the framework of Islamic law and in line with founded in the prohibition of usury in Islam, but it remains in line with the vision of the Islamic to the role of money in economic development and social and salvation of the human cases of destitution and ignorance and to the existence of a divine control over the employment of money these banks being Mstkhalafa on that money and an accountant before God Almighty to use it for the money and move it to the active investment to serve the community and directs for the purpose of compactness, monopoly and based on the fact that it agrees with the commercial banks in The investment is the lifeblood her and the sustainability of its work requires investment efficiency. for the sake of the advancement of the Islamic banks in Iraq, we need to look at alternative ways, including the establishment of an Islamic joint-stock companies shares are traded among partners and trading profit in line with Islamic law by participating different its methods which fixed and fixed MMP and participation which vary in Mdyatea through the first fact is characterized by the contribution of the Islamic Bank to finance part of the capital of the company or the project the most prominent and is thus a partner in the ownership until the end of the project period and the company or duration identified under the project, which could take the form of a fixed in the context of man-made laws, either Figures other two of partnership it would be the right partner in which to replace the bank in the ownership of the project replaced the Islamic Bank especially in cases where individuals do not wish to continued involvement of the bank to them which is called «MMP». Such trends employment funds Islamic banks and the introduction of the money deposited in an episode of internal criticism and turn them into development projects targeted by specialized companies, would all of this to come out of Islamic banks from the collar Murabaha-profit between the price urgent and term, which targeted the consumer side limited to the needs of individuals rather than a meet requests for development and production sectors with medium and long term foreign to any risk by the bank on its investments and without any need to examine the client's accounts, which weakens its authority jurisprudence for the loss of an element participating in the risk in the event of loss and exit from one of the basic principles of the economic system of the Islamic a «sheep Balgrm» which calls for the approval of Justice of the transactions and the inadmissibility of the financial institution to ensure Mganmha and take a loss or pays the responsibility of others. and this will make it difficult for the business-minded Muslim men to obtain required for their projects funding the fact that Islamic banks seeking to edgewise risks in order to achieve revenue almost stable The weak through orientation towards Murabaha sterile. stresses of modern international studies on the importance of Islamic banking mechanisms in reducing the impact of the global financial crisis being dealt in real terms and not with the natural monetary transactions speculation that are highly volatile and carries with it the risk to depositors and borrowers, as well as meet the needs of Muslim communities in finding channels to employ excess of their money without getting into problematic dealing in riba and made ​​available to entrepreneurs who are serious about the use of those resources in accordance with the principles of Islamic banks Kmstkhalafan on that money for the benefit of human development overall.

Federal Court: interrogations should be professional and objective 8/12/2015 0:00 Mechanisms explained BAGHDAD - morning, the Federal Supreme Court issued an interpretation of constitutional articles on the completion of the interrogation process in the House of Representatives, stressing the analysis of interrogation professionalism and objectivity away from political motives. The judge said Abdul Sattar Gafoor Bayrakdar spokesman for the judiciary said in a statement «morning» received a copy of it: The Federal Supreme Court considered a request submitted by the General Secretariat of the House of Representatives for the interpretation of texts relating to the process of interrogation. Article 61 and between Bayraktar that interrogation must be in agreement as provided for in Article (61 / VII c) of the Constitution, pointing to the need to submit a written request to of a House of Representatives Speaker of the House approval of the 25 members, a detailed say that demand or endorsed can withdraw his application to the lack of legal impediment or constitutional than to pull this interrogation provider, pointing out that the withdrawal of one of the applicants of the total 25 members prejudice the quorum set by Article 61 of the Constitution, noting that demand according to these data is an application does not fulfill the conditions mandated by the Constitution which therefore be questioning canceled and must Report Parties deadline, stressing that the Council direct MPs demand action if it fulfills the requirements, the condition of at least seven days from the submission of passage demand. Bayraktar between the House of Representatives is one of the show convinced the view of the questioner on the impact of discussion after the end of the interrogation and check the answers and compare them with the evidence, pointing out that the conviction of whether or not to put to the vote if the Council voted by an absolute majority (a majority of the number of attendees) after verification of a quorum on the conviction answers Thread questioner shall beterminated. Adding either in the absence of conviction Council answers will move to other steps to withdraw confidence from the minister by an absolute majority, the minister resigned and is from the date of the decision to withdraw confidence, pointing to the lack of the possibility of raising the issue of withdrawal of confidence from the minister, but at the behest of the Board or at the request signed by fifty member. withdrawal of confidence and the withdrawal of confidence from Prime Minister separation Bayraktar legal explanation by saying «In the case of withdrawal of confidence from the Prime Minister and the gravity of that in the political life of the country and the resulting withdrawal of confidence from all ministers and conversion of the Council of Ministers to the caretaker Council until the formation of the Council of Minister of the new Constitution has stipulated that a request to withdraw confidence in advance of the president as the constitution of the House of Representatives passed at the request of (1/5) of five of its members to withdraw confidence also », stressing that the request five House of Representatives to withdraw confidence are not only after an interpellation addressed to the Prime Minister and after at least seven days from the submission of the application, recalling that the Constitution stipulated to withdraw confidence from the Prime Minister of the vote from the board by an absolute majority of its members, indicating that the operation was carried out in accordance with legal data to be provided by the ministry resigned longer, noting that the resignation of the government does not It means leaving the place vacant, stressing the continuation of the Prime Minister and ministers in their positions to run the daily affairs for a period not exceeding 30 days until a new cabinet in accordance with the steps set out in Article 76 of the Constitution, stressing the availability of the terms of interrogation in all cases professionally and objectively away for political motives and personal reasons.

Despite expectations of OPEC decisions to reduce the impact on prices 8/12/2015 0:00 Singapore (Reuters) - landed in crude oil prices on Monday in the first trading session after the failure of OPEC members to agree on a target for production to reduce the glut increasing supply that led to the fall in oil prices more than 60 percent since June 2014, in time Total oil company is expected not a lot of pressure occurrence on crude oil prices in world markets after the OPEC decision. OPEC did not agree on a limit to the production of oil on Friday during a meeting witnessed a dispute between Saudi Arabia and Iran to issue a final statement for the first time in decades without mention of the ceiling of production, who was 30 million barrels a day. Barclays said: «at least the previous data indicate commitment. . or maintain production at the target level (of 30 million barrels per day). It is clear that this statement did not include it. Analysts said that the organization sends by giving up its production restrictions a letter to other producers such as Russia and producers of shale oil in the United States that it was ready to accept the low oil prices to defend its market share. The Bank of Oo.sa.ba.sa: «OPEC sends warning to rivals that any reduction of production falls on their shoulders).) to that CEO «Total» French Patrick Bojan yesterday announced that he did not expect pressure on oil prices after the Organization of Petroleum Exporting Countries decision (OPEC) Friday not to impose a ceiling on production of crude, and to keep the production at high levels .olm «OPEC» agree on a new production quota Friday, they allowed the Member States of the Organization to resume pumping more than 31 million barrels of oil per day, increasing the oversupply that led to lower Alosar.oukal Bojan: «We do not expect a recovery in 2016 ( oil prices), because the increased supply will be larger than the increase in demand in 2016 ... I'm not very optimistic year 2016 ». Expected to supply non-members of «OPEC» will fall. He said: «the width of the outside« OPEC »will shrink ... should be seeing a contraction in the US production in mid-2016)). The total US crude price of $ 39.63 a barrel at 0718 GMT was down 34 Santa.hobt GMT, Brent crude 20 cents to $ 42.80 a barrel. And make this the price of each of the already allocated indices near its lowest level for 2015 and not far from the level reached during the height of the global financial crisis in 2008-2009.

Urgent postponement of the parliamentary session to tomorrow History of edits:: 2015/12/8 11:12 • 82 visits readable [baghdad - where] decided the Presidency of the Council of Representatives, the postponement of the parliamentary session today to Wednesday. According to a parliamentary source told all of Iraq [where], that "the Presidency postponed the session until tomorrow, due to lack of quorum for the contract is completed." It was scheduled that the House will hold today its meeting to discuss the issue of Turkish intervention in northern Iraq and view a report of the financial committee on the 2016 budget In addition to a number of topics and bills listed on the agenda Aamalh.anthy 14

... Now the international coalition Envoy Arrives in Baghdad December 7, 2015 Our economy / Baghdad arrived in Baghdad today Brett Makjbarak international coalition special presidential envoy to the US-led anti-Daash terrorist, so as to Gkd meetings with senior Iraqi officials and security leaders to discuss the latest Ntorat war on Daash terrorist and security situation in Iraq.

Parliamentary Finance: reducing total expenditures and non-oil imports in the budget 2016 Economy and Tenders Since 07/12/2015 15:47 pm (Baghdad time) BAGHDAD - scales News Announced member of the Finance Committee in Parliament MP Hossam punitive, Monday, reduction of the Commission's total expenditures and non-oil imports in the federal budget for the 2016 law. He said punitive in a statement received / scales News / copy of it, "After working in the Finance Committee to study the budget with all its material and its provisions, especially the last amendment, which came from the Council of Ministers, the amendments included reducing expenses overall by one trillion dinars, as it was 106 and is now 105 trillion dinars of the total expenditure ",, adding that" cover the budget deficit comes through internal and external loans and selling bonds, he pointed out that the increase in wages Kartat mobile and the Internet and the new customs tariff will not have an impact in the plug. " He punitive, that "disability coverage comes through internal and external loans and selling bonds, initially written as a blueprint for these loans, and on the ground is compacted expenses, and therefore does not send as planned in the budget," noting that "the real deficit Say, as happened in the budget of 2015 , as the deficit was planned 25 trillion, but the actual deficit has been repaid by the banks internal Kpenneka Rafidain and Rasheed. " He punitive, that "non-oil imports have been reduced, as it was estimated with 14 trillion dinars, and is now estimated at 12 trillion dinars, and the reason goes back to its calculated level of revenues this thing and what Asthsal levied and nothing else." And he demanded punitive federal government to "interest in procuring and collecting the money the federal treasury as planned in the budget, there are recommendations by the Finance Committee to impose sanctions on those concerned Paljbaah, and that is reminiscent within the budget law, which confirms the departments commitment Paljbaah especially electricity and water fees." He said punitive, that "the revenue increase wages Kartat mobile companies and Internet networks and work tariff new and some other wages, will not have a clear impact in closing the budget deficit, due to raise prices after the month of August, it will be the difference clear on the budget only after a period of" .anthy 29 / z 3

Detection of unknown civil official currency manipulator banks Economy and Tenders Since 07/12/2015 13:31 pm (Baghdad time) Special - scales News He confirmed the parliamentary finance committee member Majda al-Tamimi, Monday, that there are community banks in Iraq are buying the currency and convert them to the outside, as pointed out that these banks are buying the currency at the official rate and sell them at the market price. She said Tamimi's / scales News /, that "there are community banks located on the land of Iraq as the name only to buy currency and transfer abroad," asserting that "these banks affecting the financial crisis in the country attributed the reason to the fact that banks are buying the currency at the official rate and sell them at the market price. " She added that "one of the Finance Committee staff went to one of these banks did not find only the guard," stressing that "these banks are buying the currency from the central bank at the official rate and then turning that currency to cover imports but you import the simple things and the remaining of the currency is converted to the outside." . She noted that "will be hosting the Governor of the Central Bank to discuss this matter," pointing out that "the Central Bank conference several days ago, was not clear." Tamimi, he wondered, "Why do not you use letters of credit to cover imports for the private sector and out of this crisis?". It ended 29 quarters e

Search our economy unique to the deployment of the central bank governor on the sale of currency and monetary reserve Iraqi window December 7, 2015 Our economy / special International reserves and foreign currency sale window in the Iraqi Central Bank Ali Mohsen Ismail Governor of the Central Bank of Iraq and the Agency in October 2015 The study deals with the answer and clarification on the following questions: * What deity of international reserves and the reasons for their composition and targets to use it! What are the criteria that measure the adequacy of those reserves? Wayne stands our reserves of it. * What are the rules governing the sale of operations controller (dollar) through the Central Bank of Iraq window. * What are the limits and determinants of central bank control over the sale of the dollar operations. * What are the possible options to define the role of the central bank in the process of selling currency foreign? What are the options in determining the amount of sales: As a purpose? What are the pros and cons about each option. * What are the conclusions of the study that link? The rules that govern the sale of foreign currency: 1.an the process of sale of foreign currency (dollar) through the Central Bank of Iraq is governed by the following laws and principles window: O.qanon Central Bank No. 56 of 2004, which defined in Article (28) of open market operations and facilities list, from which the provisions of paragraph ( : to buy or simple sales unconditional (cash or term) of foreign currency. B.alambadi guidelines issued by the International Monetary Fund, and approved by the Member States (including Iraq), and was among those Principles do not put restrictions on the sale of operations or the purchase of foreign currency. J.dstr the Republic of Iraq, which the Iraqi economy status in the framework of a market economy, competition and freedom and to support private sector activities, and the consequent activation of laws of the market, including supply and demand. D.qanon anti-money laundering No. 93 for the year 2004, which requires all financial institutions 0 banking and non-banking) to investigate the customer's identity when opening an account or conducting financial transactions, and inform the Central Bank for transactions suspected, the central bank is watching the commitment of these institutions to do so. Based on the predecessor of the Central Bank deals with operations sale and purchase of foreign currency on it: O.amilit open and must be on the central bank not be constrained by restrictions. B.mracbh banks and other financial institutions to ensure their compliance with the law to combat money laundering and investigation of clients and sources of money to prevent the use of banking channels or financial to pass suspicious transactions may involve on money laundering crimes or terrorist financing. 2.adavh to the laws and rules that passed mentioned that the sale and purchase of foreign currency operations control, the nature of revenues and the financing of government spending, and financing foreign trade and bridging the deficit in the balance of payments, impose a particular and specific reality of the operations of buying and selling currency foreign, where most of the imports of the Ministry of Finance are foreign currency (dollar), and most of its expenses in Iraqi dinars as noted in the state budget the ministry whereupon sell the dollar at the central bank, which in turn, re-sell it to the private sector, to get the dinar covering the private sector its imports in dollars the buyer, as well as to cover other applications of various kinds, and thus what the central bank imposed monopoly Dollar source mainly, and which is funded by the state budget and cover the deficit in the balance of payments and when demand for the dollar will be less than it earned by the central bank goes surplus (the difference) to the foreign currency reserves, and when the demand for the dollar higher against the dollar supplier uses the central bank currency reserves to cover the deficit (the difference), so Valahtaati rises and falls depending on the relationship and within this process is achieved to maintain the exchange rate, and realized the basic function of the reserves foreign, and not with the Central Bank of tools to reduce the demand for foreign currency but to raise the official exchange rate of the dollar against the dinar n which represents a difficult choice because the increase is reflected in prices and increase the suffering of groups and sessile income, as well as its impact on other aspects. Also, reduce the foreign currency sales the private sector, and regardless of the legal and regulatory adapted, means a widening gap between foreign currency supply and demand in the market n and its result increase the difference between the official price and the price the last buyer, and high import prices, and thus brokers category gains, rising to levels not reasonable at the expense of the national economy The budget for the general and the citizen. As the central bank can not influence the demand for foreign currency, as progress, it also can not control reluctant foreign currency which it had received from the Ministry of Finance or other actors (the diminutive contribution), and for this reason we say that the central bank to Aatgm the size of reserves foreign, any rise and fall to factors outside his control, and therefore be clarified which over the sale of foreign currency process is governed by the nature of the financial resources cycle and factors of demand and supply, the central bank and the leading role of the balance between the two in order to preserve the exchange rate and thus preserve the public prices and purchasing power. 3.an speech spins mostly about the reason for the central bank sales of the dollar (offer), and items are not talking about the reason for purchases of the dollar (demand), while the research and analysis on the demand side leads to correct gaps and imbalances developments in the macroeconomic and fiscal policy, and other phenomena that affect, that demand to buy the dollar strength due to several reasons beyond the control of the central bank, such as: * weakness or limited production base and single resources, and a lack of vision or model of macroeconomic, and the consequences of reliance on the import of goods and services is almost total. * capital flight abroad, investment or Odjara because of the absence of political stability and security, the big challenges facing the work environment. * weakness and corruption of tax and customs organs, which creates high incomes tend to excessive consumption or escape on the outside and both are a direct pressure on the demand to buy dollars. * limited remittances from abroad, the failure to attract investment into Iraq. * weakness of the banking system and its inability to mobilize resources for the purposes of revitalization of economic sectors, and high liquidity ratio has to his reluctance to make loans because of the situation and limiting its activities and services on marginal operations and limited investment. * inadequate health, education and tourism services within Aeraguen forcing many to travel outside Iraq to receive those services. * great migration numbers of citizens to other countries after the sale of their property and turn it on the outside, especially after what has happened many areas to crimes of terrorism and military operations. * severe lag in the application of laws that limit of dumping the Iraqi market of imported goods and stimulate national production policy and those laws: the tariff law. Domestic Product Protection Act. Consumer Protection Act. In addition to the chronic imbalance in the border ports resulting in extreme weakness in the application of laws and regulations and standards of quality control management . 4.an central bank sales analysis of the dollar and the transfer abroad on the ground that it concerns exclusively Balastairadat and higher sales amount for the estimated imports placed under suspicion table, analysis neglects the other purposes of the conversion, there is a significant share of remittances represent the migration of funds abroad in addition to a variety of purposes other personal and even foreign currency possession inside Iraq. 5.mn common errors compared to government revenues from dollar sales of the dollar, as some assume that sales should match or be less than the revenue of the dollar, on the basis that imports the government is determined mainly on the sale of oil, and therefore it has to think that the government does not agree more of its oil resources n and thus where it comes from demand for the dollar. And here make it clear: that the demand for the dollar comes from the local currency 0 dinar) n and the quantity that exposure of the local currency is not only the source of the replacement of the Ministry of Finance its supplier dollar dinar, There's even a government spending covered from remittances, Treasury bills and local loans (from government banks) Foreign loans, for example, the total borrowed government (from the sources mentioned) is about 15 trillion dinars to cover the shortfall this year, and this amount in the majority turns into demand for goods and services, which are often imported and thus linking central bank sales vendor-oil link is not accurate because it did not take into consideration the money supply (JD) derived from the sources listed in addition to the loans granted by banks to the private and the public sector, and we note here that the draft law budget for the year 2015 included finance the budget with loans, bonds and other more than $ 20 trillion dinars almost fill the projected deficit. 6.an drop in oil prices by 45% about not accompanied by a decline in the share of foreign companies extracted oil, because those companies charge a share of the amount of production, regardless of on the sale of a barrel price, which means a direct and sharp decline in the dollar supplier to the government and thus lower received from the dollar to the Central Bank, where he goes about 35% of the oil revenue to those companies when the price per barrel to $ 45, and if we take into consideration that there is a rate of about 25 % of the dollar supplier goes directly from the Ministry of Finance to pay imports Government and obligations foreign debt, the size of the decline in the dollar received from the Central Bank would be great, and with the continued issuance of the state budget a large deficit is financed is the basis of loans and transfers and internal bond, it means a decrease in the Imports from the dollar is not offset by a reduction in spending to the same degree and coverage of those versions in local currency means that demand for the dollar will remain high (height of spending) is not offset by Ward dollarised the same level, and this chronic phenomenon in the oil-producing countries, covered when he spoke of using foreign currency reserves, as happened in 2009, reaching the central bank sales ratio of dollar to import Bank of the dollar, the percentage of 148% and be compensated in years with high oil resources. International Reserves: 7.rgem all aspects and challenges that surround the economic, financial and monetary reality, Iraq still retains a good reserve in accordance with international standards. Guidelines for the management of the International Monetary Fund and international reserves have identified in 2001 a set of general economic indicators can be guided by them to denote to the extent appropriate or optimization volume of foreign reserves that reservation by the State, namely: 1.nsph reserves to cover imports sufficient to cover the import of 6 months. 2.nsph cover the reserve money supply: up to be 1: 1. 3.nsph reserves to cover external debt: equal to one (debt maturing within a year). According to the criteria mentioned Iraq is of high-reserve countries, but that some of the studies, including the Arab Monetary Fund studies are Iraq from Arab countries, which exaggerates the size of the reserve (in addition to Saudi Arabia, Algeria and Lebanon), where is this Iraq states ranked first among Arab countries in covering up imports as measured by the number of months covered by that. As shown: Country Number of months of imports covered by reserves 16.1 15.7 14.9 7.6 6.3 5.2 4.5 3.9 3.4 3.4 The coverage of reserve money supply ratio of about 170% and is one of the high percentages (where usually ranging between 70% 100%) and the percentage of coverage of the reserve of external debt the short term, they are very high. 8.an the central bank and in the framework of control on the sale of dollar operations Foreign remittances, it stems from an objective understanding of what deity and the nature and objectives of the foreign currency reserves, which over the mentioned, and based on that understanding (internationally agreed mirroring with the guidelines of the International Monetary Fund), the role of the central bank is preventive censorship is primarily to prevent the use of sales to money-laundering operations or the financing of terrorism, and oversight of deterrence to take the necessary action on violators in accordance with the applicable laws and instructions of the Central Bank of the bank, and that the essence of the control process in this regard is on the transparency and legitimacy of the funds that are buying the dollar out, without placing restrictions on the sales because the effects of serious results and pour in the end in favor of the beneficiaries and speculators were affected citizens (rising price of goods), as well as a violation of Iraq's commitment to the liberalization of sales restrictions (according to accepted guidelines for the International Monetary Fund). Control of the Central Bank: preventive and deterrent 9.an effective banking supervision based on the terms and conditions of its existence directly affects the effectiveness of banking supervision, and indicate studies and the experiences of countries and organizations concerned so that the effectiveness of controls depends on the following conditions: * economic sound and sustainable macroeconomic policies. * framework and a national plan aimed at financial stability (the involvement of all parties concerned). * legal and regulatory structure, which covered: business laws, accounting rules advanced, independent vocational in the areas of accounting, auditing, law, effective and safe systems for clearing and settlement of payments, effective offices of Credit Bureau, data and statistics economic, financial and social, independent and effective judicial authority. * coherence and complementarity between the state institutions in the framework of exchange of information, and joint coordination in matters of multilateral nature. 10.rgem factors and circumstances experienced mentioned, we have given importance and priority to take preventive measures and deterrence that limit the phenomena abuses and irregularities relating to the sale and purchase of foreign currency, and we include below the most important measures: O.tfiel the role of the Money Laundering Reporting in the central bank's office, was awarded the office for the first time and financial and administrative spatial independence and we have demonstrated our willingness to respond to all the material and human and technical requirements needed by the Office to strengthen and to strengthen its role, has DAI so appreciated by the Financial Action Task Force Organization (competent anti-money laundering procedures). B.tfiel the role of the National Committee for combating money laundering and terrorist financing, the Commission was able to and the efforts of intense and exceptional preparation of the draft anti-money laundering and smuggling of funds law which was prepared according the latest requirements of international conventions and coordinate directly with the Financial Action Task Force and the World Bank, was to vote on the project in the House of Representatives, will provide law framework organizationally and legally on the high score for its response to the financial criminal activity. A: intensify efforts with relevant international organizations in order to build an Iraqi capabilities and support expertise and information In order to deal with such serious crimes, and there is an international response and conduct training and rehabilitation operations currently intensively to the staff of the Central Bank and the staff of the banks concerned, as being sought for the introduction of all stakeholders in the fight against (security, regulatory, and judicial authorities chock). D.alaml on the application of decisions Basel Committee (), where he committed the Central Bank of all banks and the introduction of units of risk management and anti-money laundering, and implementation of the decision to raise banks' capital to 250 billion dinars, in addition to a review of the functions and the rules of supervision and requirements of discipline to improve performance in the credit market and banking. H.altaaked with company Ernst & Young to audit sell the dollar to banks and firms conversion companies and banking procedures, and identify weaknesses and ways to adjust these processes. and .altaaon and coordination with neighboring countries on remittances, has recently been the signing of a memorandum of understanding with the Central Bank of Jordan on cooperation, coordination and exchange of information. Z.alzam banks and conversion companies to submit detailed breakdown of the amounts transferred include all the information required, and the central bank to provide the Office of the Inspector General in the Ministry of Finance, the General Commission for Taxes and Customs Authority with copies of those statements for the purposes of tax settling accounts and follow-up. c. The central bank was able to eliminate the phenomenon of the so-called (instruments volatile) through the development of technical payments and other measures systems, including forcing banks to stop work by passing instruments after (3) days in the case of non-confirmation system on the availability of credit, and is now being passed any instrument unless gets support the availability of credit regardless of gestation period, and it should be noted that the central bank was able to a few months ago to stop fraud in this regard was the total instruments more than 400 billion dinars, we were informed BSA for some previous cases involving suspicions, and operates Bank Central coordination with the Bureau to investigate any previous operations may involve fraud using public money for private benefit in banking operations, with the offer that the central bank deducted the amount of remittances in Iraqi dinars from the assets of open drains has directly and before the implementation of the transfer and therefore those instruments if he intended (instruments without balance), they coefficients for private banks and banks and government. T.mn order to expand and diversify the local production base, thus alleviating the volume of imports and thus reduce the demand for the dollar, after it failed and with regret spending policies of promoting and stimulating domestic production, and were for the most part exaggeration in consumer spending and hence more imports, in order to that, the central bank historic step lend specialized banks and private banks in the amount of 6 trillion dinars to finance industrial, agricultural and real estate projects and small businesses, and if the management of these loans properly, it will be an important base for stimulating activities Economic within the country and create a large production base. K.tor Central Bank and develops payment systems and clearing instruments electronically and adopt a substitute for clearing handicrafts room for all the government and private banks in Baghdad and the provinces, as well as the launch of the infrastructure for payment systems retail national and divided, and the unification of the security specifications of the instruments drawn on all banks for the purpose of providing greater protection for instruments and reduce fraud. To Done contract with an international company (Ernst & Young) for the purpose of banks evaluated under System (CAMELS), the company will present results of the evaluation of all the banks in the near future, this assessment provides the central bank and the customers with these banks stand on the conditions of those banks and thus take appropriate action to rectify their status or self-determination. M.tm inform the banks and the conversion of the new description of the profession of anti-money laundering and assist the Director, given that these two functions of the important functions of any financial or banking institution. N.ovi framework deterrent actions , Bank sanctions continue, according to the reports of the field and office inspection bodies through the Commission on the imposition of sanctions, which includes a number of representatives of the formations of the central bank, and point out here that the irregularities that have been diagnosed for the past years with regard to customs permits had been given its importance and priority at our mandate, and on the basis of operations review and diagnose irregularities Council to impose central bank manage large financial penalties of up to more than 15% of the capital of some banks. The central bank does not hesitate to take deterrent measures but strict penalties and fines continuously and did not know as much as her ever seen in the history of the bank.There are also many issues before the courts for a long time. 11.nicom currently an intensive review to determine the conditions of private banks, and for this purpose draw upon assessment of the global auditing firm and we reach the supervisory activity of the Central Bank, especially as some banks suffering from liquidity problems and other offline and Snuaa Commission the results of those efforts. We retardation Iraq for decades to keep pace with developments in the banking and financial systems developments and keep up with international standards to achieve financial stability and risk management and control mechanisms of the market and the use of advanced technology systems in the operations and transactions management and services. Obstacles to the Iraqi Central Bank supervision: take over the Central Bank is currently a high priority for effective control and take important and serious steps in order to raise the level of efficiency and effectiveness of controls on banks and financial institutions but that it usually takes a period of time to build local capacity and provide effective tools for censorship move forward in their construction. The central bank faces serious difficulties in the development of the banking business and the Superintendency of Banks and control so as to a number of reasons, most notably: O.daf organizational, administrative and technical structure of banks and other financial institutions, which keep away from the limited activities for these reasons, and also to the high risk of granting credit facilities in conjunction with the indifference of borrowers and clients to fulfill their commitments, in addition to the impact of the political and security factors in the business environment in Aamh.oan failure of these banks in the systems internal controls and risk management, including money laundering and financing of terrorism risks, cast it all on the central bank, difficult tasks and great challenges. B.azov importers follow the letters of credit as a means best in import operations, despite the incentives granted by the central bank to push in this direction, he did not succeed, as traders used since the nineties to this style especially that most of them are small traders who find in the direct conversion of an easy way does not cost them effort, nor subjects them to procedures for tax or other in the absence of the role of the tax authorities. A: As a result of the above note the prevalence of dealing with cash instead of using the banking system, and extends until the import of commercial transactions, for example, trade with Iran is estimated at $ 8 billion a year, are made ​​through cash transactions. The phenomenon of currency dealing a major obstacle to achieving effective control over all loops. Many of the conversion transactions take place over the phone, where the converter receive a cash payment within Iraq, and delivers the amount in cash to the student transfer in the other country, exacerbated these negatives with the increasing migration of citizens and their money abroad. D.alqsour and weaknesses of the relevant agencies work of the Central Bank or complementary to its oversight role, particularly in the registration of companies, and import licenses, customs and tax authorities and a combat economic crime, and others. H.adm availability of data or inaccuracy relating to economic, trade and tax aspects and other national data that will help the central bank in the study, analysis and control. and. twice the capacity and expertise in the relevant agencies oversight and investigation and the investigation of all formations concerned both within the central bank or in the banking sector or non-bank financial institutions, or other relevant agencies in control devices, judiciary, the fight against crime and economic crimes institutions. Especially that some of the crimes that fall under the money laundering does not hold state agencies experience and base of financial intelligence, financial investigations to deal with it, and has no background in the concepts and practices and judgments concerning those issues, with the absence of a law to accommodate all aspects of money laundering crimes like the one approved by the Council Majara..sbak House of Representatives and the Central Bank granted approval for the establishment of banking offices and up to 2000 license (before we took the assignment), and such a large number is a big burden on the central bank in supervision and control and censorship, especially as these offices are run by individuals and we do not have electronic systems or systems administrative and accounting, regulatory or reliable Aelloukouk out. It relies entirely on the central bank to obtain foreign currency (dollar) because the private sector in Iraq to Aashm in the presentation of foreign currency known and to which we referred above characteristics. political and security H.aladtrapat which are reflected directly on the overall economic conditions, including investment and savings moving out of the country, with a lack of productive base and unilateral financial resources. T.daf fiscal policy and that of its manifestations efficiency. * consumer spending and rent-seeking, which leads to the depletion of foreign currency reserves and does not help in creating a real productive base. * poor efficiency and legislation the tax system. * failure of the financial management system and the system of preparation, implementation and monitoring of the state budget. * lack of flexibility in reducing expenses with revenue increasing difficulty. Options or proposals on the sale of the dollar The first option: to restrict sales by: O.thdid sales ceilings by types of sales or transfers. B.thdid sales under the documents and documents by every kind of sales or transfers for specific purposes. Pros: control of the quantities sold of the dollar. Cons: * failure of supply to meet demand, bringing the dollar exchange rate in the parallel market and thus higher prices and increasing inflation. * achieve obscene profits by middlemen and speculators. * resorting to fraud and forgery in collusion with the institutions concerned staff operations or through fraud gangs. * difficult to control and control what necessitated documentation documentary operations, especially since the number of banks more than 50 bank and 30 companies convert about 2,000 brokerage firm (banking offices). * drain the central bank effort in the audit of those operations and whether they satisfy the conditions and documents, with failure to respond to the relevant state institutions (customs , tax, trade etc ...), and an example of what Such is imposed by Bank of invoices and customs permits and others in 2012 so far is still under scrutiny and correspondence for more than 3 years. The second option: the restriction partial: The in: O.adm request documents or documents for sales operations and conversion of banks and companies with the application of the principle of "know your customer" any verification of the legality of the funds used by banks and companies in conversion and sales operations. B.takiad quantities sold certain limits by purpose and by level of dollar-denominated imports. Pros: * Relative to control the quantities sold. * not to involve the central bank and banking documents and documents, customs declarations, and taxes .. and others. * harmony with the Central Bank Act, which provided for the simple unconditional sale (cash and futures) of the coin foreign as well as harmony with the guidelines of the International Monetary Fund which states have signed it (including Iraq) and which ones not to restrict the sale of foreign currency, but this harmony achieves only part of the freedom of sale (not putting strapped documents the conditions and documents) do not achieve complete freedom in terms of the purposes of conversion (currently Atns instructions to allow the transfer or the transfer of capital or other transfers not provided). It is also the principle of freedom does not take place or release the conversion roof, as long as the sale under this option is selected a certain ceiling. Cons: * Artvaag exchange rate whenever there is a restriction of the top of the roof of the total sales, and the consequent cons of rising prices and speculation. * Did not meet the guidelines of the International Monetary Fund, which provided for the non-restrictive and does not respond to the law of the central bank. * Does not prevent it from fraud and forgery for operations making processes are not permitted illegal developed draft a cover operations, any use of legitimate convertible to cover purposes are not allowed in the instruction addresses. * it cast on the central bank's responsibilities follow-up and audit to ensure the safety of operations, an effort that exceeds the central bank's ability to reasons for lengthy explanations. Third option: the launch of the freedom to purchase specific Agad: This option means: O.adm determine ceilings for sales operations. B.laasmah coverage of operations is contained in the central bank selections (such as capital transfers, etc.). Pros: * help to the relative stability of exchange rates. * Responds to some extent to the guidelines of the International Monetary Fund and the Law on the Central Bank in terms of determining the ceilings. Cons: * leads to higher use of foreign currency reserves. * Not respond to the directives of the International Monetary Fund in terms of restricting the types of conversions. * In addition to the other negatives contained in the previous option in terms of fraud and forgery, and the issue of censorship and control. Option Four: absolutely total quantity and quality. This option means: O.adm restrict the quantities and full response to the request. B.adm restrict the types of transfers. J.alzam banks and companies applying the principle of "know your customer" to check the legality of the source of the money. Pros: * stability of the general exchange rate stability in prices. * Prevent speculation and prevent significant differences from the official price and by following cancellation of users and speculators layer. * Do not drain the central bank's efforts to follow up and check the vast amount of transactions and documents, and only checks the legality of money obliging and control banks and companies from the obligation to verify that. * full response to the guidelines of the International Monetary Fund and the Law on the Central Bank of the existing economic system and on the basis of the market economy and the law of supply and demand. Cons: * foreign currency reserves drop, which may have a psychological scars rather than scientific or objective, Valahtaati existing unable to respond to the request. * May encourage more transfer funds abroad or compactness operations in foreign currency. Option V: exit the Central Bank of sales operations. Any failure by the central bank to buy dollars from the Ministry of Finance and re-sell it and the Ministry of Finance sold directly through one of the following options: O.tosas belonging to the Ministry of Company assume sales to retail outlets operations (banks, offices Banking ..), or the direct sale. B.alabie through its subsidiary banks (Iraq, Rashid, Iraq's commercial ..). The central bank can purchase which overflows from the need of the market, and the process of pumping of the market when an imbalance in price occurs (increase the exchange rate to the dollar) or buy from the market (when the low dollar exchange rate). Pros: * the departure of the Central Bank for the performance of large and extensive duties, particularly in stimulating economic activity. * dispel misperceptions about the concept of foreign currency reserves. * achieve better public sad resources to take advantage of sales commissions and others. * Cancel the role of the many middlemen and speculators. Cons: * may qualify the International Monetary Fund on it, which requires consultation with them. * May need to arrangements and approvals from the US Treasury and the Federal Bank of the US, which needs to reassure about the oversight and control of the movement of the dollar in accordance with international and US laws, particularly in the area of the ban on countries and companies and people, and the financing of terrorism, which is being controlled within the control systems and control between him and the Central Bank of Iraq, and this is necessary because the Fed is the one who prepares the central bank in dollars. * This option requires capacities and capabilities in the Ministry of Finance, taking into account the weakness in the formations building the Ministry of Finance. * conditions may lead the ministry and the weakness of its experience and resources of dollar decline in this area forced the central bank to inject additional quantities of the dollar to the market and thus lower its reserves. Sixth option: to raise the exchange rate to the dollar. Pros: to raise the exchange rate of the dollar could lead to reduced demand for the dollar on the other hand, it adds the general budget amounts higher than charged by the Ministry of Finance is currently replacing the dollar dinar. Cons: * Due to the lack of flexibility in demand for imports due to the absence Qaeda national productivity it will lead to a general increase in prices and high inflation levels. * Usually resort to this option to promote national exports, which is not applicable to Iraq as an importing country. * Fold confidence in the local currency and the impact on local and foreign investments. * The lifting means reducing access by the increase in price, because the household expenditure depends on imports, the increase means a tax undeclared on the entry, and this requires (you) re-examine the direct and indirect taxation because taking the principle of reducing the value of the local currency and the application of taxes also sign serious damage on the purchasing power of citizens. The tax policy if used correctly are the most realistic and justice, and plays an important role in the redistribution of income without hurting middle and weak layers. Conclusions: 1.an dollar selling process by the Central Bank achieved two purposes, namely: finance government expenditures (JD) and cover imports foreign remittances. And that's where the dollar sold comes from the Ministry of Finance (export of crude oil) and the demand for the dollar comes from government spending is the basis, the The central bank can not control the supply or demand, and that the restriction of the sale process lead to a rise in the dollar exchange rate and therefore the general level of prices rising in addition to speculation and profit margins are very high. We also restrict the sale contrary to the law of the central bank and the guidelines of the IMF, and the law of supply and demand . On the other hand, that the restriction of sales: as or purpose or both encourages fraud, forgery and corrupt practices, and the depletion of the Central Bank's efforts in monitoring and control, especially with the weakness or corruption of many episodes in the relevant government institutions, as well as other factors cited by study. 2.an options is not without its downsides, especially when they intersect with the Central Bank Act or the guidelines of the International Monetary Fund, and it seems that the lack of restriction option: As or purpose is the option closest and the most in line with the law and the principles and the rules and laws of the market, with a focus on Verification of the money sources and to require banks to apply instructions and directives of the Central Bank in relation to the fight against money laundering and terrorist financing, in addition to the activation of measures to combat money laundering and terrorism financing law, inclusive of activating the role of agencies and institutions concerned. 3.lal crucial matter in the report of the procedures, instructions and controls is the resolution of opinion on capital transfers abroad, which the central bank does not currently include them in the permissible purposes for the purposes of foreign exchange, as the migration of funds abroad wide phenomenon dictated by the conditions experienced by the country, and with the absence of a legal conditioning settled upon resort of banks and companies to buy dollar caps are permitted such as import, for example, which signed the Warning and irregularities and holds the central bank also effort is abnormal in the audit and review processes especially in the banking sector and financial suffering from failure of many problems and the presence of large numbers of banking licensed and non-licensed offices. 4.an international reserves in The central bank is currently the appropriate level of competence, and according to the criteria adopted, and can meet the demand for the dollar even with the decline in revenue from the dollar and may be sufficient for many years to come, (with the survival of other factors constant).

IMO No...Due to these Fact That Reforms were Passed Unanimously

It part of the process to remove 3 Vice President and eliminate those positions, threw the Constitution with amendments and Legal procedures........more on this here.....

Video: Economists call for the government to stimulate the private sector Monday, 7 December 2015 16:15 https://www.youtube.com/watch?v=2MYkUG0qodY Economists video calling on the government to stimulate the private sector Published on Dec 7, 2015 Activating the role of the private sector in the country, according to economists may come through the provision of subsidized and provided by private banks through an initiative launched by the government earlier loans. He says the trouble maker, vice president of Association of Iraqi banks: "The state supports the private sector by 5 trillion, Hai be a jump and gesture of the government towards the private sector more than 70% rehabilitation works on more re than 60 to 70% of farmland, vast distances abandoned by It will be planted to crops that serve the country. " He adds Saad al-Jabri, international economic policy expert: "the banking sector forms the backbone of the private sector, entrepreneurs asking for loans provided by private banks worry because the private banks in the world is vibrant and vital pump." Parliamentary Commission of Economy in turn called on the government to the private sector need to focus on being a resource represents an alternative to ease the dependence on oil. He says Jawad al-Bolani, chairman of the parliamentary Committee of Economy: "The private sector is its importance in his support and faith in his ability to be a supportive and strong support of state and government in an effort to build a national industry and building food security." Economists and plans to hold a conference in Baghdad seeks to provide suggestions and studies say it is possible to stimulate the economic and financial sector in the country soon. Read more: http://dinarvets.com/forums/index.php?/topic/212411-association-of-private-banks-held-the-third-annual-conference-with-the-participation-of-arab-and-wide/#ixzz3tdtcVoGB

Video: Economists call for the government to stimulate the private sector Monday, 7 December 2015 16:15 https://www.youtube.com/watch?v=2MYkUG0qodY Economists video calling on the government to stimulate the private sector Published on Dec 7, 2015 Activating the role of the private sector in the country, according to economists may come through the provision of subsidized and provided by private banks through an initiative launched by the government earlier loans. He says the trouble maker, vice president of Association of Iraqi banks: "The state supports the private sector by 5 trillion, Hai be a jump and gesture of the government towards the private sector more than 70% rehabilitation works on more re than 60 to 70% of farmland, vast distances abandoned by It will be planted to crops that serve the country. " He adds Saad al-Jabri, international economic policy expert: "the banking sector forms the backbone of the private sector, entrepreneurs asking for loans provided by private banks worry because the private banks in the world is vibrant and vital pump." Parliamentary Commission of Economy in turn called on the government to the private sector need to focus on being a resource represents an alternative to ease the dependence on oil. He says Jawad al-Bolani, chairman of the parliamentary Committee of Economy: "The private sector is its importance in his support and faith in his ability to be a supportive and strong support of state and government in an effort to build a national industry and building food security." Economists and plans to hold a conference in Baghdad seeks to provide suggestions and studies say it is possible to stimulate the economic and financial sector in the country soon.

07/12/2015 15:12 Advocacy: Najafi droopy him to Mosul Daash BAGHDAD / obelisk denied the Islamic Dawa Party, Sunday, to be its general secretary Nuri al-Maliki, it has signed an agreement with Turkey to enter the troops Iraqi soil, while challenged former Nineveh governor, Liberation of Iraq, to ​​prove what he claimed in this regard, accusing him and his' defeatists' Daash to hand over Mosul and the introduction of Turks now 'without legal cover'. A spokesman for the Information Office of the party, said in a statement seen by 'Obelisk', The 'news agencies picked up an accusation and libel launched by the Liberation of Iraq, claiming that the Secretary-General of the Islamic Dawa Party, Nouri al-Maliki, signed an agreement with the Turks to enter Iraqi territory', pointing out that 'Maliki lied allegations Najafi, that Turkish troops already entered an agreement with him.' The Dawa Party in his statement, that 'al-Maliki challenged Najafi to announce to the people and the public about any alleged agreement between the Turks and him on the entry of Turkish troops to Iraq. " The statement quoted Maliki as saying, 'I did not allow Turkish troops in any activity in our borders, which is why sustainable their crisis to me', calling Najafi and his' defeatists', that 'acknowledges and recognizes the people all did in the delivery of Mosul to Daash and brought in Turks currently without cover legal'. . The sources in the Turkish army revealed, on Saturday, the fifth of December the current 2015, on the deployment of nearly 150 Turkish soldiers in northern Iraq, while indicated that they solved instead of its forces in the town of Bashiqa near Mosul, 405 km north of the capital Baghdad, existing since more than two years, it confirmed that it accompanied by about 25 tanks. He was president of the Republic and the government, as new on Saturday, be regarded as an incursion by Turkish troops in Iraqi territory 'violation' of international norms and laws and'khrka 'national sovereignty and'khroja' what they want Iraq relations 'good neighborliness and co-existence and non-interference in the affairs of neighboring countries', and called for Ankara to speed up the withdrawal of its troops from the country. The Nineveh former governor, Liberation of Iraq, said in his page on the social networking site Facebook on Saturday, the fifth of December the current 2015, that the presence of Turkish troops on the outskirts of Mosul, was approved by the Prime Minister, Haider al-Abadi, to train the national crowd forces, During a meeting with Turkish Prime Minister, where he requested any military assistance provided by Turkey to Iraq and its impact on Ankara sent military shipments to Baghdad airport as Turkish troops were sent to train our troops at Camp Zlican since more than eight months. He said Najafi, the head of the House of Representatives, Saleem al-Jubouri, knows the subject well, being spoken on the subject of the camp with the head of the Turkish government, Davutoglu. 07/12/2015 16:50 Abadi: we learned about the challenge of Turkey on the entry of its troops to Iraq BAGHDAD / Obelisk: new Prime Minister Haider al-Abadi, Monday, its categorical rejection of the entry of Turkish troops to Iraq, challenging Ankara to highlight any evidence to prove knowledge of the Iraqi government on the entry of its troops to Iraq, while stressing the importance of stopping the smuggling of oil by the 'Daash' via Turkey. Ebadi said in a statement issued on the sidelines of a meeting with German Foreign Minister Frank-Walter Steinmeier, seen by 'Obelisk', that 'the entry of Iraqi territory of Turkish forces is unacceptable', stressing that it 'has been without the knowledge or consent of the Iraqi government. " He stressed Abadi, saying, 'We challenge Turkey highlighting any evidence about the best of our knowledge or our consent, we promise this is an encroachment on the sovereignty of Iraq, and should these troops withdraw immediately', stressing that 'Iraq is making victories over the terrorist gangs Daash and there are no foreign power to fight terrorism on the territory Iraqi '. Abadi added, 'We look forward to more support from the international community in arming and training and overflights', explaining that' Daash moving freely on the Iraqi-Syrian border, and this requires help in this aspect. " He pointed Abbadi 'importance to stop the flow of terrorists into Iraq, and stop oil smuggling by Daash gangs and terrorist who escapes his majority via Turkey', pointing to 'hold talks with the Turkish side on the issue, and there is a resolution of the UN Security Council on the subject'. Turn eternal German Foreign Minister, 'his country's support for Iraq in its war against the terrorist gangs', praising B'alantsarat achieved on terrorism since the Abadi functions and release of almost a third of the areas that were occupied Daash, as well as efforts in the reform and the fight against corruption and reconciliation'. He was President Fuad Masum, the price earlier, on Monday (7 December 2015), Germany's position for its logistical and humanitarian for Iraq in its war on terrorism military aid ', as shown German Foreign her country's readiness to expand support for the Sinjar area of ​​services and building several hospitals in which to encourage reconstruction and the return of displaced people to it.

07/12/2015 17:01 Court: question the prime minister is a written request BAGHDAD / Obelisk: the Federal Supreme Court confirmed on Monday that the questioning of Chairman and members of the Council of Ministers in Parliament is an application written with the consent of 25 MPs, noting that the Constitution stipulated to withdraw confidence from the Prime Minister, the vote of the House of Representatives by an absolute majority of its members. The spokesman said the judiciary Abdul Sattar Bayrakdar in a statement seen by 'Obelisk', that 'the Federal Supreme Court heard today a request by the General Secretariat of the House of Representatives for the interpretation of texts relating to the process of questioning the President and members of the Cabinet, which came in Article 61 / VII-c and Article 61 / A VIII of the Constitution '. He Bayrakdar that 'interrogation must be in agreement as provided for in Article 61 / VII c of the Constitution, which refers to submit an application written to the President of the House of Representatives of a House of Representatives with the consent of 25 MPs', adding that' the applicant or endorsed by can pull his request to the lack of legal or constitutional objection to withdraw from this interrogation '. He said, 'pull one applicants than the number of 25 members lead to a breach of the quorum set by Article 61 / VII c of the Constitution', pointing out that 'then becomes the application does not fulfill the conditions mandated by the Constitution, in which case the interrogation canceled and that an his limbs deadline '. He stressed that he Bayrakdar 'If the request meets the conditions of interrogation Phippeshr House of Representatives commissioned according to the Constitution', noting that 'the process does not take place until after seven days at least, after submission of the application'. He said Bayrakdar he 'after the end of questioning and scrutiny answers and compare them with the evidence provided by the House of Representatives builds his conviction viewpoint questioned him after a discussion', pointing out that 'the conviction of whether or not to put to the vote if the Council voted by an absolute majority a majority of the number of attendees after check quorum on conviction answers Thread questioner shall be terminated '. And between that 'in the absence of conviction Council answers will move to other steps to withdraw confidence from the minister by an absolute majority', the minister is resigning from the date of the decision to withdraw confidence ', pointing to the lack of the possibility of' raising the issue of withdrawal of confidence from the minister, but at the behest of the Council or at the request signed by fifty members'. He said he 'in the case of withdrawal of confidence from the Prime Minister and the gravity of that in the political life of the country and the resulting withdrawal of confidence from all ministers and conversion of the Council of Ministers to the caretaker Council until the formation of a new cabinet, the Constitution stipulated that the request to withdraw confidence in advance of Prime Republic, as the Constitution passed the House of Representatives at the request of (1/5) one-fifth of its members to withdraw confidence too. ' He said Bayrakdar he 'may not make such a request except after an interpellation directed to the prime minister and after at least seven days from the submission of the application', adding that 'the Constitution stipulated to withdraw confidence from the Prime Minister, the vote of the Council absolute majority of its members'. He stressed that 'in this case the ministry resigned longer', pointing to the 'continuation of the Prime Minister and ministers in their positions to run the daily affairs for a period not exceeding 30 days until a new cabinet in accordance with the steps set out in Article 76 of the Constitution'. Bayraktar stressed that 'the interrogation in all cases professionally and objectively away from political motives and personal reasons'.

Conscious / Turkey withdraw its troops from the borders of Iraq 07/12/2015 03:48 | Number of Views: 50 Conscious / Baghdad / M.v The Department of Defense announced the withdrawal of Turkish forces from the borders of Iraq. He explained the spokesman of the Ministry of Defense Naseer Nouri in a press statement transferred reporter (and the Iraqi News Agency / INA), that "Turkey took the initiative to withdraw its troops stationed in the Iraqi-Turkish border". However, to say, "but the forces that entered, last Thursday night, is still present under the pretext of protecting the camp," Zlcan ", used for the training of the popular crowd in Nineveh". The Foreign Ministry has summoned the former Turkish ambassador to Iraq at the time and handed over a protest note to this interference "claim" the Turkish side to withdraw his fighters from Iraqi territory immediately. Iraq has threatened to use all available options, including the recourse to the UN Security Council in the absence of the withdrawal of Turkish troops from the territory of these forces within 48 hours . The Prime Minister Haider al-Abadi during a meeting with German Foreign Minister today that "the entry of Iraqi territory Turkish troops is unacceptable, and was without the knowledge or consent of Iraqi government and challenge Turkey brought out any evidence about the best of our knowledge or our consent We promise encroachment on Iraqi sovereignty This will have to withdraw these forces Immediately".

Conscious / Iraqi's follow-up (95) for economic cooperation with the countries of the world Agreement 07/12/2015 01:39 | Number of Views: 123 Conscious / Baghdad / n .a Announced that the Department of Economic Relations at the Ministry of Commerce, on Monday, its follow-up of bilateral agreements signed between Iraq and the countries of the world in order to develop economic relations and increasing the volume of trade exchange. Said Hashem Mohammed Hatem, Director General of the Department of Foreign Economic Relations at the Ministry of Trade to the reporter (and the Iraqi News Agency Information /INA) that "Iraq has concluded agreements with more than 95 countries in the continents of Asia and Europe and the United States aimed at developing economic and trade, scientific and cultural cooperation as well as protocols modified of these agreements. " "The Ministry of Commerce has worked to give effect to those agreements and the establishment of new agreements take into consideration the new economic situation in Iraq and the possibility of increasing the volume of trade through mutual export, import and maintain the stability of the Iraqi market and diversify the sources of the economy." He said, "The commercial attaché in the Iraqi embassies provide detailed reports on the economic conditions in the countries in which it operates in order to draw Iraq's economic policy with those countries and the statement of the need to develop expertise and the development of economic skills and development of the Iraqi private sector, which Aulinah special attention is consistent with its role in the construction process Economic gripping the country, pointing to the existence of agreements with many countries of the world economic cooperation. "

06/12/2015 (00:01 pm) - the number of readings: 292 - number (3516) Industry: competition "imported" subject to the application of customs tariffs and to support the dinar BAGHDAD / Ibrahim Ibrahim Called Economists, on Saturday, the government to activate the local product support laws to encourage investors by taking legislative steps and operational support of the national economy, while the Ministry of Industry confirmed that the ability of its products to compete with the foreign product is subject to the application of the customs tariff law and the protection of the national product and the lack of support for the dollar exchange rate ". The economist said Mohammed Abdul Latif al-Ani, in an interview for the" long ", that" Iraq has the ingredients industry is manpower and raw materials, but the problem lies in the successive administrations that have ruled the country and started throwing systematically local industry despite the significant financial effect involves."He said "lack of a strategic program for the advancement of the industrial sector, whether public or private led to the emergence of large economic crises, notably unemployment and sluggish domestic market movement helped in the spread of financial corruption significantly." He said al-Ani said "the national industry support is not in word only, without the presence of legislative and executive steps to support investor Local and encourages him to develop his product through the activation of consumer protection customs and tariffs that the government has failed to apply the law at least in part to include certain basic goods to the citizen."He said the" escape of Industrialists of the real sector of the economy which is the industrial and their resorting to a simple commercial banking and non-complex is to ease work where rapid and large and the gain on the marginalization of the previous and current governments to establish local market is characterized by force and keep up importer who does not carry international quality specifications. "He noted that" the marginalization of the role of local investors led to the migration of domestic capital to neighboring countries because of its stability helps to create a coefficient private and factories, a reverse migration have significant negative consequences for the most important of the loss of the country of funds and expertise that does not compensate in a short time. "" The activation of the role of the Ministry of Industry and Minerals state-owned companies would be a real leap towards the movement of funds between state institutions and reducing the import ratio from happening abroad, which carries with it financially corrupt considerable contributed By creating mafias based in the law cover her. "He pointed out that" run public sector companies provide large sums of money for the state through the provision of funds in the general budget and the deficit and the lack of cash for salaries for most employees public sector companies. "The Minister of Industry and Minerals, Thursday (3 / December / 2015), the ministry's ability to compete with foreign goods, on condition that the application of the customs tariff and the protection of the national product and the lack of support for the dollar exchange rate laws. said Mohammed al-Darraji, said in an interview to ( long-Presse) and a number of media, said that "the ability of products ministry firms to compete with foreign product subject to the application of the customs tariff and the protection of the national product and the lack of support for the dollar exchange rate law." Among Darraji that "The ministry will not be able to compete with foreign goods because the dollar is currently sold at a price Cheap. "The Minister of Industry and Minerals, admitted last week, there were" problems "in the marketing of the ministry products, while called on corporate boards to take a role in this area, revealed a tendency to develop new mechanisms for marketing. The Ministry of Industry and Minerals, announced, (25th of November 2015), for approval of the Cabinet-fifth session in its session, which was held in (the 24th of that month), to activate the decision required all ministries and government agencies, the purchase of public companies products. suffer the majority of the Ministry of Industry and Minerals of sagging owners, and obsolescence of its plants or stopped as a result of the scarcity of electricity and fuel.

07/12/2015 (00:01 pm) - the number of readings: 174 - number (3517) Experts: No suspicions contracts licensing rounds and the problem in the "construction management" BAGHDAD / Noor Ali - Ibrahim Ibrahim Called Economists, on Sunday, the Ministry of Oil to control the secondary Contracting associated contracts rounds of licenses, while stressing others that "ambiguity" His signing contracts for oil companies process with the previous government was in the spotlight for consideration by specialized committees be supportive of government expertise. The economist said Ahmed Bureihi, in an interview for the "long", that "there are no real problems in the oil licensing rounds decades, because the average yield per barrel in the two rounds of licensing the first and second decades was $ 80 cents only, and this amount is also subject to income tax, a small amount and it is not high, in addition to that there is the percentage of Iraq from the company forged by the contract of 25%, but does not pose these companies are a burden on the oil sector and revenues. " He added that "the problem lies in the construction management and contracting the development of the contracted oil fields, including the drilling of wells and installation of technical regulations and other investments in the field, and it was better for the Ministry of Oil to scrutinize these contracts prices. "He called Bureihi to" build technical and economic capabilities in the oil ministry, to enable Iraq to control the development and full control over contracting management operations, without resorting to subcontracts drains a lot of money that is calculated on the amount of barrels of the total oil and to participate in decision-making with undeveloped oil companies."He explained that" operating costs that exaggerated by foreign companies without a real control over the credibility of those costs by the Ministry of Oil, which is located it upon themselves to provide enough data about costs investment, operating costs and find realistic solutions to the problem of price difference rather than statements about reconsider these contracts that may cause a new financial losses incurred by the Iraqi side. " Confirmed Committees energy and the economy both parliamentarians, Friday (20 / November / 2015), the oil minister, Adel Abdul-Mahdi stressed during hosted by the Council session, the need to reconsider the rounds of licenses being "has become expensive" because of the fall in world oil prices, and with Binta he raised the possibility of the establishment of new refineries and other ask for investment, the Parliamentary Integrity Committee confirmed the signings of contexts and the need to abide by. A member of the Committee on Energy, Ali Fayad, said in an interview to the (long-Presse), "The host's oil minister, Adel Abdul-Mahdi session, dealt with a lot of things most important licensing rounds, the prices and bills, mechanisms and work ", adding that" the minister stressed the need to re-examine those tours, they have become expensive because of the fall in world oil prices. "Fayad added that" the oil minister was convinced of the need to reconsider the rounds of licenses and prices of a barrel of oil and the cost of extraction by specialists to find out the size can be conducted amendment, "noting that" Abdul-Mahdi, also touched on the issue of refineries and how to establish more of them, and the possibility put up for investment. "The member of the Committee on Energy Parliamentary that" the oil minister spoke about the budget in 2016, and the adoption rate of $ 45 per barrel of oil where, and oil agreement with the Kurdistan region, "pointing out that" Abdul-Mahdi said that the region's share in the budget oil-subject. "For its part, member of the economic and investment commission in Parliament, Najiba Najib in an interview said, to the (long-Presse)," The Minister Oil confirmed that the budget bill does not involve sending any amount of the Kurdistan region, because the federal government did not receive him any amount of oil after June 20015 ", indicating that" Abdul-Mahdi said the government is waiting for the arrival of a delegation from the Kurdistan region to resolve that problem. "said Najib, "The oil minister also stressed that the licensing rounds now cost the state large sums of money after the fall in world oil prices." In turn, economist Mustafa Mohamed Habib said in an interview for the "long" that "licensing rounds Aktnfea ambiguity decades was in the spotlight for consideration by committees Specialized be supportive for government experiences that have not Tstqri future is clearly to pay the dangers of falling world oil prices. "He added that" the major oil-producing countries take great strides of time to study and scrutiny of energy contracts, which is one of the most dangerous decades because it controls the country's future for decades of years. "He said Habib "The previous government held four rounds of oil licenses at a time when the country is witnessing a state of security and political confusion so we find a lot of lapses that marred those contracts, which reflected negatively on the national economy when oil prices decline at the moment." He said the "drop in prices from $ 120 a barrel to nearly $ 40, such as the loss of an estimated two-thirds of the financial revenues and that was not the contractors account, which the latest big deficit in the budget of the country which depends 95% on Iraqi oil sales. "He noted that" the real problem lies in the government's inability to raise energy ports export as well as to upgrade transport of piped capacity storage terminals while we find that foreign companies began stepping up production paces in line with the limits of these energies, what lose the Iraqi side, the ability to keep up with the accelerated production as provided for in the licensing contracts in. "He stressed beloved that" there is a great imbalance in the oil money received by the previous government, which is estimated at more than $ 750 billion spent indiscriminately without putting the right foundations to build a strong economy can his face future economic challenges administration. "He pointed out that" a review of contracts licensing rounds at the moment could cost Country concessions before the bitter sober attitude by foreign companies that are well prepared for the new rounds of negotiation. "

07/12/2015 (00:01 pm) - the number of readings: 110 - number (3517) Economic parliamentary: the government has all the precautions to provide the employees' salaries BAGHDAD / long-Presse The Commission on Economy and Investment in the House of Representatives, on Sunday, the government and the Ministry of Finance possess all precautions to provide the employees' salaries and the necessary funds for essential things, the promise of the obstacles facing Iraq "useful" to activate the economic sectors and not rely on oil only, while the private banks, the Association called for legislation their own laws. The Chairman of the Committee on Economy and Investment parliamentary Jawad al-Bolani said in an interview to the (long-Presse), "The existence of private banking sector in Iraq is one of the most important things development," noting that "the end of his defense and attributed by the government and central bank piped to sobriety and enable the technical management and the movement of cash and the development of investment in tourism, industry and agriculture sector. "He added Bolani that" the banks no longer just offices for the disposal of the currency and an auction to sell the currency, but must take the room to contribute to the development, especially after the launch of the Central Bank of the amount of five trillion to revive projects ", calling for a" private banking sector support. "The head of the Economic Committee that" the government and the Ministry of Finance possess all precautions to provide the employees' salaries and funds for the necessary and basic things contained in the 2016 budget, "pointing out that" Iraq is able to overcome the obstacles facing it, which could be helpful to stimulate other economic sectors and not rely on oil only. "For his part, President of the Association of private banks in Iraq, Tariq said in an interview to the (long-Presse)," The banking sector needs to enable it to move to take advantage of opportunities and not just the banking support . "Tariq and called for" legislation of special laws sector for cooperation with government institutions, "asserting that" the private banking sector will play a major role in supporting other organizations in the work normally in abnormal conditions in the event of a partnership between him and the government sector. "The Association of private banks, announced on Sunday, for the Third Annual Banking Conference in the 12th of December the current one, in the capital Baghdad, an Arab with wide participation, while the committee economy parliamentary confirmed that the conference will chart a roadmap for private banks. It consists of the banking system in Iraq from 43 banks , as well as the central bank, and are distributed according to government ownership between seven and 30 waged, including seven Islamist, as well as six foreign banks and is distributed as follows: 600 branches throughout Iraq. Read more: http://dinarvets.com/forums/index.php?/topic/209534-cabinet-approves-reform-ladder-staff-salaries/page-4#ixzz3tdfQSQdH