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Parliament supports the efforts of the central bank to maintain the exchange rate of the dinar - 9- 5 - 2013

Butifldrm

By Butifldrm,
in Iraq & Dinar Related News

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Butifldrm Apprentice

Butifldrm

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Najafi visit to the Central Bank and confirms Parliament's support and praises role in maintaining the exchange rate of the dinar

Wednesday, September 04 / September 2013 16:52 | pdf_button.png | printButton.png | emailButton.png

{Baghdad: Euphrates News} The President of the House of Representatives Osama Najafi on the importance of developing a strategy for fiscal policy coordination between the Ministry of Finance and the monetary policy of the central bank. 

He said during his visit today the Central Bank of Iraq and his meeting with the Governor of the Bank Basset Turki agency "continued support of the House of Representatives of the Central Bank and the independent policy for a sophisticated banking system is able to mobilize the financial resources of the country, and re-allocated to the service of economic activity." 

He praised Najafi, according to a statement his office, the role of the central bank and its quest to maintain the exchange rate of the dollar against the dinar, in addition to the efforts of workers exceptional in the detection of corrupt files and to refer the number of employees in the bank and directors of Commissioners for some private banks to justice, expressing confidence Bmhnihm and honesty in maintaining money Iraq.

He called for speedy resolution of cases related to money laundering, corruption and the protection of Iraq's money, especially after the withdrawal of Iraq from Chapter VII, stressing the need for the introduction of modern library in the banking deal and the dissemination of culture. Banking to the public, and support the work of the private sector banking. Ended

http://translate.google.com/translate?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://www.alforatnews.com/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D49617:2013-09-04-13-54-35%26catid%3D37:2013-03-27-10-35-13%26Itemid%3D55

 

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TBomb Newbie

TBomb

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Project number Ah dat: 104
Al-nujaifi visited the Central Bank underlines the support of Parliament and pays tribute to its role in preserving the dinar exchange rate

 

Wednesday, 04 September 2013

{Baghdad: Euphrates news} was House speaker Osama Al-nujaifi the importance of developing a strategy for the coordination of the financial policy of the Ministry of finance and the Central Bank's monetary policy.

 

 

During his visit, said today the Central Bank of Iraq and meeting with the Governor of the Bank said Abdulbasit Turki "support continuing House to the independent Central Bank and its policy for a sophisticated banking system capable of mobilizing financial resources for the country, and reallocated to economic activity."

 

 

Tehran hailed the statement from his Office, the role of Central Bank seeks to maintain the exchange rate of the dollar against the Iraqi dinar in addition to efforts in detecting corrupt files and bring the number of employees in the Bank's directors, Commissioners of some private banks, expressing confidence in their professionalism and honesty in preservation funds for Iraq.

 

 

He called for rapid resolution of issues relating to money laundering, corruption and the protection of funds Iraq especially after the departure of Iraq from Chapter VII, stressing the need to introduce modern library in banking and public banking culture, and supporting the banking sector finished

 

 

Same article/site, just wanted another translation, as this is a great find, Buti!

 

This is the phrase I find interesting:  "and reallocated to economic activity."

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Carrello Rising Star

Carrello

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Thanks you two, good articles.  Gee there was a Turki sighting too!

 

I think that is the most important part of the article. Of course, if he is still in the bank position and the audit job, then per the constitution both positions are illegal, which makes it tough to pull the RV trigger unless Maliki wants you to.  B)

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justchecking123 Newbie

justchecking123

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I know nothing, but...

 

If this is the same "vibe" as last year, wouldn't this be like a stock market trend set by the "players" according to time of the year, etc.?

 

If the Iraqi economy is anything like ours, wouldn't economic policy be based on making sure people buy into what's going on (bullish and bearish) at that time?

 

Maybe these articles set up stuff like that in their "market." No way they play their hand for something like a real revaluation...I just can't see why they would do that, no matter how much corruption goes on, y'know?

:shrug:

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yota691 Grand Master

yota691

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Parliament supports the efforts of the central bank to maintain the exchange rate of the dinar

 

 

         

05/09/2013 12:00 AM 

 

Najafi discuss with representatives of Kirkuk in the House of Representatives election law to maintain 

BAGHDAD - morning 

discussed House Speaker Osama Najafi, with representatives of the province of Kirkuk in parliament, election law, the province, and the implications of the Federal Court decision on two paragraphs of Article 23 in the provincial elections law, districts and areas, while He expressed the Council's willingness to provide various kinds of support to the Central Bank in order to enhance its policy for the future. A press release said the Office of the President of the Parliament's media, said, "Najafi discussed during a meeting with representatives of Kirkuk in the House of Representatives, election law, Kirkuk, and the implications of the Federal Court decision on two paragraphs of Article 23 in the elections law provinces, districts and areas, "pointing out that" the abolition of paragraphs does not affect the legislation of a special law for the election of Kirkuk. "the statement said," Najafi select Congress Kirkuk, one week for the completion of the proposed law and otherwise will be resorting to the three presidencies to determine the appropriate conditions for holding elections. "he added "These verdicts come after the text of the Federal Court decision to abolish the committee in advance of representatives of Kirkuk under paragraph II of Article 23 and the lack of time limit for them to deliver the recommendations." Moreover, praised Najafi during a visit conducted to the Central Bank, on Wednesday, the role of Bank and his quest to maintain the exchange rate of the dinar against the dollar, praising at the same time the efforts of workers exceptional in the detection of corrupt files and to refer the number of employees in the bank and directors of Commissioners for some private banks to eliminate a result of their involvement with those files. According to the statement, issued by the Office of Najafi, the head of parliament , expressed during the visit, fully prepared to provide various kinds of support to the Central Bank, in order to enhance its policy of independent, in order to create a banking system developed is able to mobilize the financial resources of the country, and re-allocated to the service of economic activity, stressing the importance of developing a strategy for coordination between the fiscal policy of the Ministry of Finance and politics cash to the Central Bank. According to the statement, the Najafi called to speed resolution of issues related to money laundering, corruption and the protection of Iraq's money, especially after the withdrawal of Iraq from Chapter VII, stressing the need for the introduction of modern library in dealing banking and dissemination of banking culture to the public, and to support the banking business for the private sector.

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_RFJ Newbie

_RFJ

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I know nothing, but...

 

If this is the same "vibe" as last year, wouldn't this be like a stock market trend set by the "players" according to time of the year, etc.?

 

If the Iraqi economy is anything like ours, wouldn't economic policy be based on making sure people buy into what's going on (bullish and bearish) at that time?

 

Maybe these articles set up stuff like that in their "market." No way they play their hand for something like a real revaluation...I just can't see why they would do that, no matter how much corruption goes on, y'know?

:shrug:

 

Two things...

 

First off, I think based upon the fact that the CBI knows, and controls, how much Dinar is out there Iraq could indeed play their hand because they know where all the cards in the deck are, both at home and abroad. In fact based upon the fact that they have been under sanctions and, in effect, in the dark for the last quarter century, I think that's exactly what they're doing. They do this in an effort to both educate citizens and build confidence in the country they are trying so hard to rebuild.

 

Second off, this time last year they were under economic sanctions. Any hype around this at that time was guru misinformation. Nothing was ever going to happen until they were out of chapter 7 as related to the value of the dinar no matter how you slice it. There are some who will tell you it was supposed to happen in 2k11 but "something went wrong." What went wrong was they (Iraq) weren't ready and haven't been until recently. 

 

We have the coming budget(s) being worked on now at a rapid pace, years in advance, using the rate of 1.18. We have the economic reform bill on the table. We have members of Parliament openly calling for this to happen on the Parliament floor. And finally we have the now infamous National Conference that we have been waiting on since the day we purchased our dinar coming in two weeks from yesterday. We have the Document of Honor on the table, power sharing, article 140, the movement of money throughout the provinces, Kuwait happy, and again, no economic sanctions to contend with.

 

In the face of all this it's still Iraq but...

 

This is so not like last year it's not even funny.

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TBomb Newbie

TBomb

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Parliament supports the efforts of the central bank to maintain the exchange rate of the dinar

  

05/09/2013 12:00 AM

Najafi discuss with representatives of Kirkuk in the House of Representatives election law to maintain
BAGHDAD - morning

 

discussed House Speaker Osama Najafi, with representatives of the province of Kirkuk in parliament, election law, the province, and the implications of the Federal Court decision on two paragraphs of Article 23 in the provincial elections law, districts and areas, while He expressed the Council's willingness to provide various kinds of support to the Central Bank in order to enhance its policy for the future. A press release said the Office of the President of the Parliament's media, said, "Najafi discussed during a meeting with representatives of Kirkuk in the House of Representatives, election law, Kirkuk, and the implications of the Federal Court decision on two paragraphs of Article 23 in the elections law provinces, districts and areas, "pointing out that" the abolition of paragraphs does not affect the legislation of a special law for the election of Kirkuk. "the statement said," Najafi select Congress Kirkuk, one week for the completion of the proposed law and otherwise will be resorting to the three presidencies to determine the appropriate conditions for holding elections. "he added "These verdicts come after the text of the Federal Court decision to abolish the committee in advance of representatives of Kirkuk under paragraph II of Article 23 and the lack of time limit for them to deliver the recommendations." Moreover, praised Najafi during a visit conducted to the Central Bank, on Wednesday, the role of Bank and his quest to maintain the exchange rate of the dinar against the dollar, praising at the same time the efforts of workers exceptional in the detection of corrupt files and to refer the number of employees in the bank and directors of Commissioners for some private banks to eliminate a result of their involvement with those files. According to the statement, issued by the Office of Najafi, the head of parliament , expressed during the visit, fully prepared to provide various kinds of support to the Central Bank, in order to enhance its policy of independent, in order to create a banking system developed is able to mobilize the financial resources of the country, and re-allocated to the service of economic activity, stressing the importance of developing a strategy for coordination between the fiscal policy of the Ministry of Finance and politics cash to the Central Bank. According to the statement, the Najafi called to speed resolution of issues related to money laundering, corruption and the protection of Iraq's money, especially after the withdrawal of Iraq from Chapter VII, stressing the need for the introduction of modern library in dealing banking and dissemination of banking culture to the public, and to support the banking business for the private sector.

 

http://www.alsabaah.iq/ArticleShow.aspx?ID=53554

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justchecking123 Newbie

justchecking123

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Two things...

 

First off, I think based upon the fact that the CBI knows, and controls, how much Dinar is out there Iraq could indeed play their hand because they know where all the cards in the deck are, both at home and abroad. In fact based upon the fact that they have been under sanctions and, in effect, in the dark for the last quarter century, I think that's exactly what they're doing. They do this in an effort to both educate citizens and build confidence in the country they are trying so hard to rebuild.

 

Second off, this time last year they were under economic sanctions. Any hype around this at that time was guru misinformation. Nothing was ever going to happen until they were out of chapter 7 as related to the value of the dinar no matter how you slice it. There are some who will tell you it was supposed to happen in 2k11 but "something went wrong." What went wrong was they (Iraq) weren't ready and haven't been until recently. 

 

We have the coming budget(s) being worked on now at a rapid pace, years in advance, using the rate of 1.18. We have the economic reform bill on the table. We have members of Parliament openly calling for this to happen on the Parliament floor. And finally we have the now infamous National Conference that we have been waiting on since the day we purchased our dinar coming in two weeks from yesterday. We have the Document of Honor on the table, power sharing, article 140, the movement of money throughout the provinces, Kuwait happy, and again, no economic sanctions to contend with.

 

In the face of all this it's still Iraq but...

 

This is so not like last year it's not even funny.

Thanks for the information and your time, _RFJ. :twothumbs:

 

I was told to wait ten years before becoming remotely interested in the dinar "situation."

 

Justchecking in to see what's real...

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