Bluedog........Last nite in chat I was asked about the 21st I dismissed this date as important ( Parliaments Return ) as it has nothing to do with our investment. See this article ...................
Decision of the Economic Commission Deputy Mahma Khalil, that the question of change changing the shape of the local currency after you delete the three zeroes of which does not require new legislation of its own because the law of Iraqi banks allowed the central bank to issue a new currency and select the shape........
He added that the old law remained in effect, [in that there is] the lack of legislation [of] a new law on the Central Bank [in this regard], so the project to delete the three zeroes from the Iraqi currency does not need new legislation but that the Central has full authority to do so..................
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Bluedog ..........so nothing of any type of Parliamentary Legislation and nothing left to talk about with the Goverment except stay out of the way of the CBI as you can see from the next article they will be focused on the Laws for the people of Iraq. Oil and Gas law for one thing some minor adjustments still to be made. Keep in mind when Legislation is sometimes needed for banking it is for the Private Banking not the CBI.
We will focus in the next legislative term on the laws that concern the citizen directly.................the focus is in the new legislative term to pass the laws that we see it affecting the public interest.....
The legislative term the third principle of focusing on the laws of utmost importance in the lives of Iraqi citizens," calling the presidency House of Representatives to "deportation laws that concern the people not to be passed to the initial hearings in the next legislative term.".................
The Central Bank decided to cover (32) Government and communal sink by applying electronic clearing within a project development banking, and electronic clearing system based on intelligent instruments allow subscriber to learn more from a bank account and also appears in the Central Bank, began in Iraq in November last year, which included six banks in implementing banking as electronic clearing system......................
It is worth mentioning that the devices used in the electronic clearing system is a terminal consisting of a computer and scanner are connected with the banking network and central databases as well as linking of bank branches to chair and linking service centre to reduce the presidencies of cost and ease of system administration and technical support and complete the basic functions of banks.
Bluedog.....................The main Goverment Banks already to go it is the Branchs and the Private Banks that need to upgrade this started being Implemented last year in November. ATMs also must be ready to talk Electronicly. Once more 3 weeks or so Shabibi said he was READY to go.
The initiative of the Finance Committee Parliamentary investment meeting with the U.S. delegation to present the problems of retail banking and taxation is an important initiative. He said the central bank adviser: that America possesses one of the best arts tax in the world and, therefore, that step taken by the provision of technical assistance to provide workshops and training of cadres of the Iraqi banking is one of the good steps to promote the infrastructure of the sectors of banking, taxation and stability in economic growth in Iraq.....................
Finance Committee's parliamentary held a meeting with a delegation from the U.S. Treasury Department and the U.S. Embassy in Baghdad discussed the most important problems of the banking system and taxation in Iraq and how to find the most rapid resolution of her.
Bluedog..................I have been saying that the US Treasury has been in Iraq working hard for months and I would think that the Tax issue is already been calculated depending on the percentage rate. In the dept. of Taxing their work will never be done as it is here. You see how they say that the US has the best knowledge and system when it comes to Taxs. The US Treasury are working from little Baghdad ( US Embassy ).
.. Central bank decided to adopt some of the features and pictures to be developed on the new currency after deletion of zeros .. And obtained by / JD / a copy of the book's central bank, which included the historical and cultural landmarks and images to be placed on the implications of the currency close to the mentality of the Iraqi public and culture ..
According to the authors included a paper currency a number of monuments and pictures the most important, put a picture to bridge the imams and the magnitude of the significance of high-value if it reaches the bridge between both sides of the River Tigris and the terminal Mrakadi Imams Musa al-Kazim (AS) and Abu Hanifa (ra) ..
He said a book entitled the bank to the Directorate General for the issuance and cabinets: This is dedicated to the highest class of the new currency a category (200) two hundred dinars and the dinars on the back of this paper and put a picture of the Baghdad school ..
He said the central bank: put on the face of the category (100) dinars, hundred dinars, pictures of Azwaip area in Baghdad, one of the areas which was set up by the ancient suspension bridge, one of the achievements of the Iraqi state ..
Iraq is one of the leading countries in the establishment of this type of bridges, shown in the image building of the Iraqi Central Bank, in addition to the building of the University of Baghdad, is the oldest scientific institution in Iraq in the second half of the twentieth century, while placed on the back of the paper image (ziggurat), one of the features of construction Iraq at the dawn of history ..
According to the book's central bank: put on the face of the paper of class (50) JD (fifty dinars) image of the King Codaa one of the most kings of the dynasty of Lagash II (King XII), a God of growth and fertility, while the back of the paper have included a picture of Fort Ukhaydir a Fort archaeological its construction dates back to the Abbasid era forts and defensive unique in a deserted area, such as those constructed in which this fort is located to the south-west of the city of Karbala ..
The central bank said: that in the face of the banknote (25) dinars (twenty five dinars) was developed, the image of King Hammurabi receiving the law .. This is the spiritual father of the King humanitarian legislation, as written in the custody of the rules governing the life and transactions in the famous Mselth either the back of the paper have included a picture of a peasant of Iraqi Kurdistan with the help of men in the preparation of the field of agriculture ..
He said the central bank: put on the face of the banknote (10) dinars (ten dinars), a dinar, the Arab-Muslim This is a dinar, which was minted in the reign of the Umayyad dynasty beginning of the circulation of money in the Islamic state, which hit the inside and one features of the state and its sovereignty and economic independence,
The back of the paper has developed a picture of the lighthouse Hadba in Mosul, one of the landmark development of excellence in our beloved Iraq .. Either category (5) dinars (five dinars) was placed on the face of her paper image of a waterfall entirely on Beck in Kurdistan Iraq, a reference to the state's interest in water and its sources in addition to the interest in tourism and the environment either the back of the paper has developed a picture of a palm Iraq, a sign of a property for each land black from southern Iraq to the north and to honor the (aunt Palm), said Mustafa (peace be upon him) and the central bank said in writing: in line with the best applications and international experiences, he decided to stop the basic parameters of the currency notes of the categories (25000,10000,5000)
JD Traded to the road as it is in the new series (25,10,5) dinars to enable the audience with her as a thousand imprinted in his memory. The bank was keen to choose the designs of the coins are the generality and comprehensiveness of significance, and have a positive impact on all the people of Iraq, where he put on the aspects of coins map of Iraq and highlights where the Tigris and the Euphrates, and the center of the map a circular area to install the coin mineral, while the other side of coins have included, first class (2) JD's image (the Monastery of Saint Matthew), a historical site and my soul is located in the north of Iraq, and taken by the Iraqis of different sects and religions shrine to seek blessings and tourism.
Included in category (1) BD image and reality are inspired from the displacement of Kurds Faili designed and prepared the Ministry of Culture. Has been developed on the category (500) fils image to fill a modern on the River Euphrates, and was intended to highlight the importance of water and means of storage and organization in Iraq, and on the category (250) fils putting pictures to fill Kut on the Tigris River, for the same purpose, and put on a category (100 fils), a picture of a lion Babylon, symbol of the power and vigor of the nation of Iraq. and put on a class (50) fils a picture of the palm, the symbol of Mesopotamia. and class (25) fils a picture of the Ishtar Gate in memory of great Iraqis.