Parliament confirms the validity of central bank's measures on banks
"measures the CBI in connection with setting conditions on banks entering the market to buy the currency is correct and will have important consequences for the stability of the currency and the market in the long run."
[tlm724] this is just one part of the ongoing monetary policy changes of the CBI
"The talk about the high price of the dollar against the local currency due to the central bank's measures obliging banks put their assets in the Central Bank as a condition for entering the market to buy the currency is the inevitable result of unexpected and will continue being a reaction from speculators and weak banks to force the central bank to reverse his decision.
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[tlm724] the speculators and weak banks are saying it's the price volatility is the fault of the CBI, when in truth it is their fault
a central bank is to hold true professional and will have returns of large positive on the economy by ending the influence of speculators and banks
[tlm724] Stating their purpose. IMO this is just another step in preparation for dedollarization and reining in those not responsible enough to participate and controlling the price spread of the currency . Love it !
Canadian government to open offices and commercial representations in Erbil
[tlm724] we have to create economic opportunities for the revival of Iraq *hallelujah*
President of the Liberal bloc: the Federal Court is the decisive factor in the case of the province and the center was unable to solve the problems of oil
[tlm724] must be forwarded to all the differences and decided by the Federal Court should be binding by all parties
[tlm724] Where this is not the parties to reach a satisfactory solution will be the Federal Court is the decisive factor in resolving the conflict
[tlm724] I don't think they will wait much longer before the fed court gets involved this time if they don't get it worked out between Baghdad and Kurdistan
State law requires the Kurdistan to hand over imports (400) thousand barrels in order to avoid budget deficit
[tlm724] "stressing that" the House of Representatives will not meet again, unless resolved differences on the budget bill
[tlm724] in order to control the budget deficit, according to the standards set by the Department of the International Monetary Fund.
[tlm724] so until they get it together and reach an agreement, whether via meetings or fed court they will not vote
Kurdistan Alliance: returning to the parliament and the budget discussions will end next week
[tlm724] , it will be held the first hearing in the committee on Monday, to determine the actual date of the meetings scheduled to discuss the budget.
[tlm724] to resolve the dispute of oil and the share of balancing the province of the budget for fiscal 2014
[tlm724] so we will see what happens next week, hang on it's getting worked out Wink