Committee has been formed by Council of Ministers for unifying USD price

[deniscanada]

Committee has been formed by Council of Ministers for unifying USD price

12 Sep 2013

 

 

 

The Secretariat General of the Council of Ministers formed a committee that is working on identifying the price of the US dollar in return of Iraqi dinar for all purposes.
In a statement, the Secretariat General of the Council of Ministers stated, “The formed committee will be chaired by the Deputy Chairman of the Central Bank of Iraq and the membership of the Secretaries of Ministry of Finance and Ministry of Planning as well as the Acting Director of the Supreme Council of Audit.”

 

http://www.iraqdirectory.com/en/2013/09/12/25034/committee-has-been-formed-by-council-of-ministers-for-unifying-usd-price.aspx

 

[TotalNewb]

How about $3.41 USD per Dinar. That sounds good to me.

[zigmeister]

This is very intriguing for me.  I like it.

[TBomb]

Denis...always love it when you stop by 

 

 

this little phrase, very interesting:

 

"Finance and Ministry of Planning as well as the Acting Director of the Supreme Council of Audit"  isn't this Turki's "other" position?

Edited September 13, 2013 by TBomb

[deniscanada]

TYVM TB

[zigmeister]

Denis...always love it when you stop by 

 

 

this little phrase, very interesting:

 

"Finance and Ministry of Planning as well as the Acting Director of the Supreme Council of Audit"  isn't this Turki's "other" position?

Holy crap TBomb great catch!  NOW it just gets more interesting.  Although it does have a bit comedy, I guess Finance and Ministry talk poop behind Turki's back can they?

[TBomb]

Legal Expert: the circumstances that necessitated Turkish assume the position of Governor of the Central Bank still far

 

13/09/2013

Legal expert: the rule of law does not allow "self-monitoring"

BAGHDAD / obelisk: said legal expert that there is violation of a clear legal to take Mr. Abdul Basit Turki positions important at the same time, one oversight, noting that the rule of law and mental health does not permit "self-monitoring," noting at the same time that what he called the circumstances of Cairo, which necessitated Turkish assume the post of governor of the central bank may still should now choose a new governor on behalf of the institution which he described as the most important institution in the state.

 

He said the legal expert for "obelisk" that "Mr. Abdul Basit Turki charge since October of last year, the governor of the central bank in addition to his original as head of the Office of Financial Supervision, although the positions executives, but the position of the BSA is a regulatory as well known and the other as an executive Mali, in violation of a clear legal because it is not permissible according to the law of self control. "

 

He also noted legal expert to "work acting for a long time mainly is illegal, and the right to be the presidency of these devices own name and not acting with the consent of Parliament."

 

He continued, saying that "the circumstances of Cairo, which necessitated Mr. Abdul Basit Turki for the position of Governor of Central Bank of Iraq after the vacant position Baglh former governor Sinan al-Shabibi, these conditions she still and there was plenty of time to choose a replacement Thoroughbred to take over as Governor of the Bank, especially that Iraq and the Central Bank the great talent that is able to manage the job ably and independence. "

 

The source said that Dr. Ahmed Bureihi of the most important candidates for the position of Governor of the Central Bank of Iraq, rather than the current governor Abdul Basit Turki, who assumed that position the agency for nearly a full year as well as the office of the prime basis for BSA.

 

The press sources said that the Governor of the Central Bank of Iraq and Abdul Basit Turki agency has submitted his resignation to Prime Minister Nuri al-Maliki "because of not being able to manage work at the Central Bank and the Office of Financial Supervision."

 

The sources pointed out that "Turkey is no longer manages requests for central and central bank mail signature stack long weeks ago."

 

But the Iraqi Central Bank denied what appeared in the media about the provide proxy province and head of the Office of Financial Supervision Abdul Basit Turki resigned from the bank or SAI.

 

The cabinet had decided during its 45th meeting held in Baghdad on 16 October 2012 the prime BSA Abdul Basit Turki tasks Central Bank Governor acting after he sacked unanimously former central bank governor Sinan al-Shabibi, but the presidency of Turkish Bank Agency continued until now ie nearly a full year.

 

The parliamentary economic committee revealed its intention to host the central bank governor and Abdul Basit Turki agency "in order to develop a correct policy in the coming budget," while the Bank considered that the failure to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar.

 

He said the Commission's decision Mahma Khalil at a press conference attended by "obelisk" "The committee will host meetings next governor of the central bank and agency Abdul Basit Turki and staff at the bank in order to develop correct policy in the next budget," expected to "be a balancing of the Iraqi state in 2014 more than 130 billion dollars. "

 

He added that "the central bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar," referring to his committee "called for the central bank to work to raise the value of the dinar and the Iraqi currency against other currencies and develop a strategy just to give the dinar position correctly in order to improve the exchange rate of the Iraqi dinar and thus the purchasing value of the dinar and powerful citizen. "

 

The economic and financial sources said it was hard to continue to combine Turkish two backpressure economists supervisory positions and the other executive, called for the appointment of an independent economic personality for the position of Governor of the Central Bank of Iraq.

 

The sources added that "the Turkish man is not competent administrative and financial matters was supposed to manage the bank for a little while until the appointment of a new governor instead Shabibi."

 

He said a source familiar with that, "Dr. Ahmed Bureihi Deputy Governor of the Bank of former candidates for this position," noting that there is "a consensus among members of the Finance Committee and economists chosen because it possesses extensive experience make the central bank will work on the management of the bank in the coming period."

http://www.almasalah.com/ar/news/17171/

 

 

Thanks to Carrello and the other watering hole.  

Edited September 13, 2013 by TBomb

[deniscanada]

TB dido to what ZIG said "good catch"

[TBomb]

http://dinarvets.com/forums/index.php?/topic/160795-legal-expert-the-circumstances-that-necessitated-turkish-assume-the-position-of-governor-of-the-central-bank-still-far/

 

Sorry, Yota..I missed this, didn't realize you'd posted this already.