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deddy

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  1. Baghdad / January 18 (Rn) – An adviser to the CBI on Tuesday submitted a new law to combat money laundering to the House of Representatives of Iraq in coordination with other government institutions, in order to provide greater protection for Iraq’s economic system and to engage in international assessment. He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) announced today that “the Central Bank of Iraq presented in coordination with government institutions other Iraqi Council of Representatives passed a new law to combat money laundering is the most comprehensive of Law No. 93 issued by the CPA in 2004 to provide greater protection of the economic system of Iraq” . Saleh added that “Iraq has not yet entered the International Assessment on file anti-money laundering is that it seeks through effective steps to provide protection to the system of Iraq’s economic enter into Rating International,” pointing out that “Iraq made significant steps toward combating money laundering through the presence of units specializing in all banks linked to a national office oversees the fight against money laundering process. “ And the favor of that “experience of anti-money laundering modern economic system of Iraq is that we have progressed significantly over the last period in the development of the foundations discreet for such an experiment in the country,” adding that “the law of 93 for anti-money laundering which was released in 2004, provides secure financial institutions and the fight against instability by criminalizing acts of money laundering and the financing of crime, terrorism and restructuring of certain transactions. “ He explained that “the law provides for the punishment of a fine of not more than 40 million Iraqi dinars, or a fine equal to twice the value of property on each of the being or initiate a financial transaction involving the proceeds of some form of activity Illicit he knows that, with respect to the subject of the financing of crime and terrorist operations” . The Central Bank of Iraq to monitor financial institutions and the issuance of a regulation in addition to that it published a list of suspicious financial activities. It provides anti-money laundering law to authorize the Central Bank to assume control of financial institutions and check the documents and accounts of their own. http://don't promote other sites.wordpress.com/2011/01/18/cbi-submits-to-parliament-a-new-law-combating-money-laundering/
  2. Iraq announces its new cabinet tomorrow Monday, December 20th 2010 10:03 PM Baghdad, Dec. 20 (AKnews) - The Speaker of the Parliament, Osama Nujaifi and the assigned Prime Minister, Nuri al-Maliki announced on Monday, that the parliament will vote tomorrow at its official cabinet formation completely tomorrow. malikiNujaifi said during a joint press conference held at the parliament in Baghdad attended by AKnews correspondent that al-Maliki handed over his government program and a list of new ministers. "The committee that was set up by the parliament today to study the cabinet file and the government program will submit its report to the parliament tomorrow morning to vote on the government at 12 pm." "The Prime Minister has met his obligations and provided the names of the constitutional government before the constitutional deadline." The assigned Prime Minister Nuri al-Maliki said during the conference that "he handed over the speaker of the parliament a list that includes the majority of ministers in the new government," noting that "the security cabinet will be by acting." "The distribution of the ministerial portfolios to the political blocs is complicated," noting that "most of the people encountered pressure to satisfy all the political parties." Maliki revealed during the conference that "al- Iraqiya List is the only list that handed over all its candidates for the ministries." The speaker of the parliament, Osama Nujaifi has formed a committee headed by first deputy, Qusay al-Suhail to study the government program and the names of candidates for the ministries. Reported by Kholod Al-Ziayadi SA/GSAKnews http://www.aknews.com/en/aknews/4/204084/
  3. The Iraqi Central Bank: Willingness to Delete the Zeros of the Iraqi Currency After the Formation of the Iraqi Govt Dinar Trade - [9/16/2010] The Iraqi Central Bank, on Tuesday, his willingness to delete the zeros of the Iraqi currency after the formation of the Iraqi government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the last period formed a cluster of large cash amounted to 27 trillion Iraqi dinars . The adviser said the Iraqi Central Bank Governor appearance of Mohammed Salih in an interview with “Alsumaria News”, “The zeros that are added to the Iraqi currency, during the last period, formed a cluster of large cash amounting to more than four trillion paper money, financial value amounted to 27 trillion Iraqi dinars, after that was 25 billion dinars in 1980, “noting that” Iraq is unable to manage this block because it is a small country where the large number of funds that traded on the Iraqi market has led to confusion in transactions for large commercial banks and in the work. ” The Iraq and gradually the issuance of new banknotes after 1991 when it began currencies scarce on the market Iraq for several reasons, most notably the high demand for the fill buying and selling and smuggling of currency abroad, and to the north of Iraq, which split its time for the Central Administration, making the Iraqi government allows Central Bank of printing new banknotes to meet the local need, and continued the process of lifting of the zeroes of the dinar to beyond 2003 through the issuance of a class of cash amounting to 25 thousand dinars. Saleh added that “the Bank has fully prepared to delete the zeros of the Iraqi dinar, once forming the Iraqi government,” noting that “the deletion of zeros is a national issue and may need to special legislation, despite the fact that the Central Bank of Iraq is a reform of the currency management from the core work and to delete the zeros is one of the strategic functions of the Central Bank of Iraq. ” Saleh pointed out that “the Bank was able, during the last period, to reduce the level of inflation to the level of one decimal place, after more than twenty years,” noting that “Iraq could for the first time to reduce inflation to 3%, which reflects the success of Iraq policy,” monetary . For his part, said economic expert on behalf of Jamil Antoine in an interview for “Alsumaria News”, “Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar,” noting that “the deletion of zeros needed to stabilize the security and political, as well as economic stability.” http://www.iraqdirectory.com/DisplayNews.aspx?id=13845 LOP or Redenomination ?
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