_gm all, thought i would try to make a post for u all this morning.. because my post will be so long i decided to post it in the forum instead of in live chat...
such exciting news and times for us as investors, as we see all the things weve always wanted to see in the news headlines, i tried to show u all a couple of weeks ago about the big screens set up to do public service announcements and things of this nature, things that will notify and help the citizens in understandings of banking, investments, dinar all sorts of things that will impact the lives of iraqi citizens.
these screens have been and are still in the process of being set up all over the bigger provinces thru out iraq and this is important as far as public awareness campaigns put out by the cbi and the goi, and by setting these up in strategic locations thru out the bigger provinces news will travel like wild fire per word of mouth
Read More Link On Right
_and imo this will also help the citizens set up per there cell phones online banking and will drastically help in not only the banking economy but when the time comes exchanging the 000 for the ld's thru atm's and decrease long lines at banks,
ill also show u public awarness articles about the banking and incintives to citizens to open accounts, so lets get started....
Baghdad: giant television screens erected 5 to disseminate awareness of the municipal political broadcast the major events and sports
Date: Sunday, 19-02-2012 11: 27 am
Baghdad (newsletter) ...Secretary Baghdad, Sabir Al-Issawi pitched (5) new giant television screens in a number of areas of the capital Baghdad.
News Media Relations Directorate on Director of electricity and the decorations as saying: morning Alwan that the Baghdad in Dragnet (5) new television screens of known global rise in a number of areas of Baghdad after the provision of the necessary financial allocations.
He said that these screens will display the ads to spread awareness of municipal and special help and guidance to the Secretariat of the Baghdad especially those relating to the service side and projects that are being implemented as well as display the most important political, economic and sporting events through live TV.
He added: "the angels section works on maintenance of television screens installed in a number of public places and ongoing as well as the work of lighting and decorating the bridges and streets especially street stretching from the square alkhlani square jump and Dura Europos, street Morocco Street and squares and parks, including editing and Wathiq square, Piazza and Piazza quraish maysalun and the scene in the alkeriaat official told AFP.
And between: the mlakath has also completed work electrical and maintenance lighting altasisat parks and intersections (Al-Zawra Park, Garden, Garden alaorfh me Diakonia, aljetta Garden, mihrab martyr Park, Garden Court, Garden, Garden of Abdul Muhsin, garden sector 22, mother garden), he also completed section of electrical and lighting maintenance altasisat and ornamental releases installed water tanks from water tank in aviation apron and another in Cairo neighborhood ... "/Finished/l. Eng.
****so i pretty much covered this in my words above this article lets move on to the next 1.....
Expert calls for the need to develop awareness programs for banks
On: Friday 2/17/2012 7:07
o Baghdad / range
proposed banking expert Mohsen Ali awareness programs banking by monetary policy to the citizen for his guidance in how to deal with the technologies of banking business.
Ali said, according to the Agency (news) that the local banks, two branches of public and private face difficulties in how to deal with the citizen being ignorant of many things pertaining to banking and Sukuk savings and withdrawal of funds, etc., caused by lack of awareness of banking in the country.
He added that monetary policy should take its role in raising awareness and counseling bank of the citizen through his handling of traditional techniques currently used in most banks, as it has become necessary and must be dealt with.
He explained: that the conditions of some banks, especially community do not allow the introduction of modern banking technologies applicable in the Most international banks in their work, pointing out that the process relies on electronic technology and a lot did not know these techniques,
The Deputy Governor of the Central Bank of the appearance of Mohammed revealed in time for a study of the use of new techniques, called B (banks phone) in the banking, that is, the process of converting bank account are made by the mobile device to facilitate a lot of transactions between banks and the public.
He pointed out: that (80) percent of the citizens do not deal with banks in the process of farewell and the transfer of an account.
*** Invite citizens to invest their money through banks profitable projects
Billions of dollars frozen with
Baghdad Yasser incumbent
expected d. Sami al-Araji said there are between billions of dollars frozen in citizens and non-investors and the possibility of Iraqi private banks to take advantage of them in case proceeded to the investment profitable, especially in the housing sector because of the urgent need for housing compared to demand it.
He said in a statement to the (morning) on the sidelines of the banks, which was sponsored by Trade Bank of Iraq recently: that these figures almost certain, and derived from sources and confirmed information also as president of the National Commission for Investment, expressed the readiness of the assistance in this area in order to activate the private banks on the one hand and resolve part of the housing crisis and to make profits for those who invest their money in this vital sector.
urged owners of private banks to access so investments are encouraging and profitable and to develop mechanisms and incentives to the owners of the funds to encourage them to engage in such a investment activity is useful during the deposit their money in banks and take advantage of the benefits that will be provided by banks, as well as get rid of the danger of Aktnazha in the home from theft or damage, reiterated his readiness to render aid and assistance and pictures related investment law and the submission of advice required for investment housing.
For its part, expressed Hamdiya dry Director-General of Trade Bank of Iraq to help to ensure the success of this project the economic vital and important and the support of private banks by all means available and permitted by law and to ensure the contribution to hard to solve one of the most important challenges facing the country, namely the housing crisis.
Dry spoke (morning) during the sponsorship of the Banking Conference: The bank is moving towards the establishment of an investment fund with the participation of private banks to support and enhance their to finance large investment projects, especially in the construction of residential complexes that need to finance high.
and urged the Rafidain and Rasheed banks and other government to contribute to this economic project profitable and which achieves economic gains other country, including the actual contribution in the absorption of labor unemployed. He noted that the call Araji citizens deposit their money in private banks and contribute to these investments,
but came to strengthen the orientation of the Trade Bank of Iraq to establish a fund investment, expressing optimism about the success of this step and this project is profitable, and confirmed the determination of the bank's insistence on its implementation.
******Banking expert: banks face difficulties in dealing with ' lack of awareness
Date: Thursday, 16-02-2012 12: 24 pm
Baghdad (newsletter) ... Banking expert suggested improved banking awareness programmes by monetary policy to a citizen of his guidance in how to deal with banking techniques.
Ali (News Agency news) on Thursday: Iraqi banks today in public and private branches face difficulties in dealing with citizen being ignorant of many things involving banking and savings instruments, such as withdrawals and other banking awareness as a result absence in Iraq.
He said that monetary policy should take its role in spreading awareness and citizen's Bank extension during dealing with traditional techniques currently used in most banks, becoming necessary and must be dealt with.
He said that the conditions of some banks, particularly eligibility does not allow for the introduction of modern banking techniques applicable in most global banks, having relied on electronic technologies and much ignorant of these techniques, this process need not so little to work with.
Deputy Central Bank Governor Mohammad Saleh appearance earlier detection (for news) on a study of the use of new techniques called b (telephone banking) in banking transactions, i.e. the process of converting bank account via the mobile device to facilitate many transactions between banks and the public.
Noted: that 80% of citizens are dealing with banks in the process of bidding farewell and transform their accounts, but there are 80% of citizens have a mobile, so this technique have been developed through mobile./finished/8. d/s.
**********so u see here where it says 80% of the people dont have bank accounts but that 80% of them have cell phones and this was why they passsed the phone banking law to make it easier on the people as they are actually a cash society,
and most dont trust the banks or have the knowledge to even make up a bank account or how to go about it, thats why so many things that they will need to know will show them how to do these things on the big screens as well as other programs to help educate all of them,
and how the banks will give the incintives to them to make new bank accounts, like this next article ill show u, its a editorial but very important imo because its doing the public awareness things that the people would need to know..these next 2 articles are editorials, and these are things the people will listen to and understand,*****
Oil belongs to the people .. Install the right and the options open
Adel Abdul Mahdi
20/02/2012 10:23 AM
Beginning of the reform, we have a great opportunity to reform the entire economic situation of the application of the constitutional article (111), which says the people to the ownership of oil and gas. Venkhvv sagging of the State and the pressure for employment ..
And are removing millions from the poverty line .. And start launching the economy and end the holidays Abannaana and the state monopoly. Our vision depends on the pillars interlinking .. Distribution of oil resources and a policy of moving tax.
Instead of going the full resources of the state of the distribution of some of the citizens as a gift and an honor, we change the relationship and turn the equation to receive people and its oil resources allocated to the government and the state you need the full expenses for his service in the form of taxes, moving ..
The people's right to the foundation by the Constitution and the interest .. Viazz concept of citizenship and civil economy and the start of the end of the rentier state. And visualization and figures and ratios below simplistic and is only hypothetical.
Oil imports (90) trillion dinars .. And population (30) million = 3 million dinars per citizen per year, and Snsmih "income base" .. And distributes the money through the banks to encourage citizens to open accounts and promote the banking habit necessary for the growth of any modern economy ..
And local funds can be established to address the structural weakness of the spread of the banking system .. Where we have a branch bank for about (60) thousand citizens, as it is (8.5) thousand in Jordan, for example Nguetta of "income base" starting "oil tax", but not (70%) .. And receives the state - to an elementary deduction - without barriers on (63) trillion / JD, add the rest of the resources to form a budget ..
And will remain, however, every citizen (75) thousand dinars per month .. No (450) thousand dinars for the family based on the average family (6) than other sources of income. This would eliminate the poverty line, almost. Can be a progressive tax for high income .. And start the rationalization of support policies ..
And reduce expenses, which will provide money for the treasury .. And receives state allocations and gets the citizens of their rights. It's technically not difficult and application of ration card, without great difficulties to overlook the social and economic real .. Kaanmalat increasing laziness, begging and class differences ..
And inflation and the increasing tendency to import and transformation of citizens in some way to the employment of the State .. And fluctuations in oil prices and the construction of the budget estimates ..
These are facts, fears and side effects can be treated, without stopping the process by which true healing. Remain the largest political difficulty .. Vstquaomh Alaqtaat administrative .. And minds, the central bureaucracy of the state monopoly rents for everything .. Vtantf handful while growing destruction of the country and getting poorer and the majority needed.
The right of the people in the oil .. The maturity of the state to toll no longer allowed the interpretation of our contemporary history Vnger personal factors of people, to get back after a Belanhm. Our problem basically a system that we have and who eats his children, and can not produce, but the devastation and poverty that we saw and we see before us ..
There is no doubt that oil lies in the heart of it. Confirm that the people and looked Maalikis theory and book now, but will lead to codify a series of subsequent accumulations would correct the system .. It also led to the accumulation of negative precedent degradation and corrupting. As for those who fear the state budget, we say ..
That the distribution of 30% of citizens and which will ensure "entered the basis of" rate of (450) thousand dinars per month for each family of six people on average, and the payment of "oil tax" rate (70%, according to our hypothesis) will not enter the factor disorder is important them, especially if the codified legislation as of the coming years, was chosen as the appropriate form.
These are some reasons. 1 - consume 70% of the operating budget .. And will ease the "income basis," the pressure to increase the Angels, though disguised unemployment and sagging rate that makes the daily work in the state (20) minutes, according to some studies.
2 - are the values of social assistance 15% of the current budget ..
Without the expense of operating costs and administrative ministries and corrupt contracts. And will provide "the basis of income" in the rationalization of the number and organization of support and better rationalization of the budget.
3 - return of the budget is an important part of the (30%) distributed to citizens in the form of income tax and indirect taxes.
The high income citizen (900) thousand dinars per year will increase the number subject to withholding tax rates upward to reduce the inequality .. And will increase the pump (30%) of the actual demand and economic activity.
Although it may encourage inflation and rising import prices and in its early stages, but also will encourage the production motives .. Especially if they followed the policies of customs and to prevent monopoly and manipulation of prices. It will contribute to the increase in taxes that promote the budget.
4 - This policy tool will provide a flexible and clear of the Legislature and the Executive to move the economy more effective and feasibility of current policies, its conclusion that the reactions of address order and forget things, Fterehg budgets ..
And will allow more flexibility for the organization of financial and administrative decentralization by provinces and territories, according to slides and sectors .. It could include the budget law each year adjustments and ratios for the "oil tax" that allows the direction the economy for the better, according to estimates by state of the economy and markets.
Ownership of the oil .. Laziness and inequality can be during or after Parliament passed Law 2012 budget to include material says .. "The constitutional basis of Article (111) ... has decided the House of Representatives legislation to tax oil.
And decided increase of 100% of the oil resources in 2012 .. and ask the organization of the House of Representatives Budget 2013 on the basis of tax oil up to 70-80% of the estimated oil resources and the distribution of the remaining citizens equally.
" This is the beginning you will need the instructions and other laws. It's technically easier than the ration card .. No items in kind .. And contracts .. And the corruption of goods and souls .. Stores and transport .. Money is easier memorization, a transition. Citizens can - after rationing - start to open bank accounts ..
For the banks to open branches and departments and the various funds. Either financially, economically and socially things are much harder .. We will need re-evaluate support policies to rationalize the interest of the poor and improve their ..
And evaluate the policies and customs of the inflationary and economic starting .. But now we stop at two things. The first two parts, encourage laziness .. And make the citizens as if they were employed by the state.
The foundation is not laziness Vmsdrh wealth and poverty .. But the values and customs, social and educational .. There are communities of developed and developing countries to their citizens the rights of free large did not sow the spirit of laziness and dependency .. And to those who say that understanding that warns of the old / new logic to handle slaves ..
That it was not giving up rights to it Kvaffh Satma and rebel against his master. Such a view is contrary to civil laws and regulations of their interest in helping the poor, the needy and orphans and all forms of social assistance grants and facilities for the various segments of the population not to sustain subsistence but also for the transmission of the pump capacity and the best in people.
Mark and miserable argument poorer people be more productive. The second part Vintaleg of the principle of state ownership .. If the property returned to their owners, the state Vstanl the right place .. Servant to the people, and not vice versa. The second is that senior officials would not add to their gains the benefits of the current .. new
This is true, if not addressed by mobile Logic tax and upward. Which does not prevent it, but also addresses the policies followed the principle does not overheat or negligence. And demonstrate the various experiences that fulfill the taxes in developed societies easier and healthier than living the poverty line.
Preassigned state sultan and sole owner is the one who encouraged and encourage habits of laziness and mercenary free Almtaich of easy money .. Reflect their values on society ..
We believe that people's sense of ownership and resources for the conduct of state and the survival of part of his hand would be a start for the start of an economic essential for the country.
Oil belongs to the people .. Inflation and high prices, some believe were right that the distribution of the oil resources of the people will lead to inflation and rising prices.
First - the money will be pumped is not a real additions to aggregate demand exceeds total supply .. The money was pumped through the pump across the state and the people ..
Then it will depend on the structure of the new spending compared Balkadim .. Turn the new savings and investment, it is Mahmoud .. But the trend is likely to goods and services table index of consumer prices, which rose for the period 2007-2010 increased by almost 7% annually.
The student will find the record that the height of the foundation caused by the high relative weight of the food and the high rates (fuel .. lighting) and (Transportation Transportation ..).
And that the transfer of ownership of oil to the people, shall not affect the ongoing efforts to improve electricity and oil .. Improved and will play a role in the degradation or reduction of consumer prices or increase them. And we will refer briefly to the food later.
Secondly - and inflation is a monetary phenomenon with roots in the movement of supply and demand .. The tools will allow the central bank adjusts the rates of inflation (a phenomenon) over the money supply and the other his tools ..
Was able to reduce unilaterally after the number was 70% in 2005-2006. Remains of food, furniture, clothing and other consumer prices to the schedule, it would be undoubtedly growing pressure .. But the problem here is not mainly price, but increase imports.
This negative factor we have suffered and will suffer from it, if we develop real sectors .. An increase in actual demand is an important factor to move the production, that accompanied him - at least - Saastan essential ..
The first duty is "radical." It will rise, but prices and increasing smuggling of the weakness of the national product .. And "very lenient" Otherwise Ngzona goods cheap and shoddy products and to destroy national investments, as is happening now.
And secondly by encouraging real sectors, especially agriculture, industry, high credit and finance, which you will find the elements of a new oil pump billions of dollars to banks for distribution to citizens
And to ensure that the state purchase prices of domestic products rewarding and sale prices reasonable for consumers ..
And encourage investment and free zones and industrial and other economic policies, calling the movement rather than restrained by legislation, constraints and procedures. Is rent-seeking society will succeed where the rentier state has failed?
The answer is Yes, if raised barriers for starting the community. Rentier state is getting, the more rigid monopoly and the tunnels .. To increase, society is corrupt and disruption. Unlike the society in which different motives and his rights and his rivals .. Contributes to increase the rent - on his own terms - to move the drivers of the real sectors of the economy at the expense of rent-seeking
To set off the community, and proceed with his state's oil belongs to the people .. Power to the people .. Without weakening the state seen by some, that change Maalikis oil from the state of the people would weaken the state to withdraw part of the funds and distribute them directly to citizens. And cite two observations, and there are others.
1-40% of the energy workforce (7.3 million) operating in the state ..
It is difficult to continue this approach, which makes the State a social welfare institution is disabled, and not for the public service and production.
The momentum towards employment is tempting salary and declining employment opportunities in the private sector, but mainly retirement and insurance, in addition to the lymph cancer Kmgriaat laziness and opportunities for corruption and illicit enrichment.
Will not protect the state and Nicoaha unless we achieve for the private sector pension rights, insurance, etc. .. Because these rights are the basis of deductions from income, Valakbh legal and regulatory rather than financial and economic. Complex and long task .. But possible because of incentives and requirements of the moral and material available.
2 - is about oil (70%) of the gross national product, and (95%) of the budget. If the economy got Vsttqoy by the State by all standards .. Vsthma resources distributed people from falling below the poverty line and remove a lot of distortions and employment support policies ..
And levies will increase the size of .. And lift the burden from the state a large .. And will move the actual demand and production factors to build a parallel economy or real .. Provided a practical and prudent policies, fiscal and monetary and macroeconomic and microeconomic and oil.
According to the licensing contracts are expected - Kkdrh - Reaching production (12) million barrels of oil a day, before the end of this decade .. A doubling of Iraq's resources (5) times to talk about what almost without Tertqubh markets to increase prices.
If we accept half of these estimates, the country will enter a huge money within a few years .. This honesty is hard to give people is to act the same. We have people try the State during the many decades under various pretexts Fajzlth ..
And squandered huge amounts of imports in the adventures and wars, planes and tanks and failed projects .. Consumed billions and people waited for a long time .. To go down the drain in moments, and the deteriorating conditions of the people and the country ..
Vmalikih the people of the oil to protect the people and the state at the same time .... The state that swept her lymph cancer will be more able to invest their budgets in the public service and strategic projects .. Vemoazna the state - especially given that the increases have been achieved - will not be weaker than in previous years, but the budget of the people would be much higher than it is today.
Oil belongs to the people .. Install the right and the options open in 2005 did not face the founders of the new system difficult to pass the constitutional article (111) .. Vzkryatem for tyranny and the central state and the royal monopoly broken and everything is still fresh and vivid ..
It was not the concepts of sites and most of them may overlap with the sites and concepts of the state .. Their understanding of the focus was on the priority of the people and their rights and ownership of things and sovereign political, economic and other mechanism, such as oil. So they know our political parliamentary system.
Did not slip or slip of the tongue Maalikis people for oil .. We have discussed the state or other Maalikis .. But what clearly won and smooth, is the text of the constitutional referendum of the people were on it. In front of the three branches of historical responsibility .. It remains the first official Parliament and the foundation ..
As we suggested - in an editorial earlier - can be started as a concept and a legal precept, the distribution of the entire oil resources on the people with the imposition of the "oil tax" from imports to ensure adequate distribution of the budget and the rest on the citizens ..
If Parliament could in consultation with the Government to determine the percentage (70-80%) as a percentage of the tax included in the budget law, he would take a huge success .. Van could not - for one reason or another - it is important to include any rate for this year and next year. The most important break and enter the current equation in the new equation ..
The most important Alaaúdah put into practice, Maliki .. In the interest of the people and provide adequate funds to the state. In all cases, the choice is simple and direct, it is the constitutional right to prove, without closing any other option ..
Such as distribution of specific resources or oil as law, or any other laws related to the subject, or the formation of a national company contribution for all Iraqis, or the Council Construction Fund or generations or other applications and ideas.
Days before the Prime Minister opened the platform for the export capacity of oil - according to statements - to (850) thousand barrels per day .. This great accomplishment would help increase production and exports and the country's resources ..
It is important not to delay more correct to lay the foundations for a new era may be .. And close the doors to bring the historical experience in the waste of huge imports of available and projected .. Oil belongs to the people is the non-oil state-owned.
A country that is begging for people than the State Istagdiha its people .. It sits in parliament and government of the day are the same sat around a table to prepare the Constitution ..
Do they propose a historic step as they did before (7) years? Or different concepts and locations?
****see incentives...saying things like if u have bank acounts then iraq may have money for u to be deposited into your account from the oil profits to be distributed to the people like approx or giving a example of 3000.00 dollars per year could be depostited into there bank acounts yearly and things of this nature is what the people need to read or hear about, money incentives to boost the economy and banking an private sectors...... next 1
*****«Islamophobia» raise zeros
It is interesting to read about something called add zeros to the currency, which is meant as an explanatory resort to what is known to reduce my name of the coin, the opposite of improvement nominal currency or raise zeros, and the latter is what he intends the central bank, with the consent of the government and the legislature, its implementation, in order to After an indefinite period.
Yes, it happened once that was used to add zeros to the currency, in the period was used in which gold and silver as a reserve with central banks, where they were to resort to this trick in order to reduce the demand for these metals due to the face of scarcity of reserves with the CBE, and thus the latter was able to reduce the amount of demand for these metals.
Some may find the argument to say that this procedure is a proof that the lifting of the zeroes means the process will lead to added purchasing power of the Iraqi currency, which is we are not sure of the results yet, as the international experience, which saw lifting operations zeros; which is more than fifty times, where the results were mixed in the process of raising or lowering the survival or the purchasing power of the new currency the same after this reform, and tell the reform, because the whole process usually occurs in the context of a phase of economic reform that is comprehensive culmination of his lifting of the zeroes.
I am not talking here about the justification for raising the zeros from the Iraqi dinar, which were traded in more than one forum, but the point I wanted to note it,
The dimensions of this process may be varied, including economic reform, but the political dimension remains present in such a procedure, where studies indicate that governments are usually cautious when you do it, especially as it is sometimes in the countries of modern democracy and is a transitional stage, both economically or politically,
and then the parties that are in the cabin the government get Bvobaa (phobia) that this procedure a negative results can be used with the opposition parties is harmful to its economic and political.
But the government itself cabin parties, trying on the other hand, the positive investment results of the desired lifting of the zeroes in the event passed this "surgery" on the good, where they are picking fruit and add it to record achievements.
That the "timing" of this procedure, it remains crucial, both in terms of economy or politics, and is usually postponed to moments that are close with the election, and is being implemented in the historic moments ambiguous,
if not yet the end of the session of the government and before the new government came to the cabin the ministry, and so lost blood raise zeros among the tribes.
My advice here, that the government is seeking to repair the relationship with the central and marred by some tension from time to time and the other, and raise the degree of coordination as much as possible, so they can lift out the best picture of the zeros. http://www.babnews.com/inp/view.asp?ID=49961
*** see how important these two editorials are? this 1 is telling them about the lifting of the 000 and the new ld's an coins that will come out how it will give them greater purchasing power, how it will lead to less paper and raise the value of the dinar.... loved these 2 pieces....ok the next 1
******weve all seen the september articles put out in the last few days but imo i doubt very seriously that iraq can go till then without at least rving 1st imo so many things are fighting the cbi monetary policy right now making it difficult on shabs to keep it in check,
inflation is on them, all these imports that they need every day to survive and to rebuild is causeing inflation of all kinds, the delay in the budget, and then when the budget is approved all the rebuilding an spending will cause more inflation,
something imo will have to happen before september as we see so many articles about counterfit currencys the 5,000k an the 10,000k iqd notes that iran is filling the markets with is a biggie for hurrying up an doin something different such as releasing the new coins an ld's so they cant get away with using the counterfit iqd this in itself would solve a lot of things, an i doubt with out a new rate any of this would work out but thats my opinon tho dont bash me for it plz lol.....***
Central Bank: Iraq is war international economic ... And to respond to security authorities
Date: Monday, 20-02-2012 01: 14 pm
Baghdad (newsletter) ... Deputy Central Bank Governor appealed to the appearance of Mohamed Saleh security authorities to address gangs engaged in counterfeiting Iraqi currency as a phenomenon that threatens the Iraqi economy.
He said Saleh (News Agency news) Monday: you must know the Iraqi currency counterfeiting, are they bands or there are specialists for counterfeiting foreign governmental agencies in implementing the process within Iraqi territory
He added: If foreign Governments put fake Iraqi currency within domestic markets, this dangerous phenomenon on the Iraqi economy that intelligence work behind, security forces in the country to take turn with caution to pursue outlaws.
And: that Iraq today is international economic order to destroy its currency through rigged and published in the Iraqi market, despite belonging to the Iraqi currency security properties contains roughly (10) security codes, but aficionados of counterfeiting today "ytfanon" the counterfeiting of currency and trying to pass some illegal cases involving economic survey, thanks to a global techniques to this aspect.
Noted: all international currencies on endangered forgery as adolar and, not only the euro that Iraqi devices are specialized sophisticated global to detect security cipher properties located in currency.
This has suffered some Iraqi traders and owners of exchange offices of a forged Iraqi currency in local markets, entered from Iran to Iraq and started getting more proliferation.
Meanwhile complained on the Panthers in Dhi Qar governorate of proliferation of counterfeit currency class 10,000 dinars in their markets, local and Federal Government to take legal measures to curb this phenomenon/finished/8 n. p.
****** Confuse the counterfeit currency markets, banking in Diyala
Diyala, February 20 (AKnews) - The number of shop owners banking in Diyala raised serious about the spread of counterfeit currency in the domestic market and multiple categories, prompting some to non-traded part of them, damaging large markets, trading in the province.
He and Sam Tai (45 years), the owner of one shop owners banking in Baquba, told the Kurdish news agency (Rn) that "the counterfeit currency is one of the categories (five thousand and ten thousand) only and it can be distinguished easily in case of audit detail well.
He said al-Tai and the presence of counterfeit currency in markets Diyala limit exceeded reasonable, does not exceed the rumors, "calling for" the concerned authorities to take effective measures toward entities that broadcast tendentious rumors, or maybe behind the counterfeiting of currency.
" and added that "the fingers of rigging Iraqi currency went to one of the neighboring countries, as part of a plan to withdraw the national currency difficult markets and confuse the economic situation.
" For his part, called for al-Tamimi (33 years) working in one of the shops banking in the city of pure "economic authorities to form specialized teams for the withdrawal of counterfeit currency and to hold promoters have" probable "the existence of gangs from outside the province is seeking to destruction of the economy to maintain support and funding third-party anti-Iraq "(according to his belief).
and see a specialist on economic Maher al-Daoudi, "The process of rigging local currencies are accuracy, making it difficult for ordinary people, easily discovered," saying that "fraud is in the printing presses are specialized and experienced in fraud .
" and warned Daoudi told (AKnews) of the growing problem of counterfeit currency and Mrdodadtha to put the citizen economic because of the lack of programs and plans to pursue counterfeiters currency and promoters in Diyala and other provinces. in turn, confirms the specialist's security Fouad al-Bayati,
"the involvement of al-Qaeda in fraud currency through the administrative organization deployed inside and outside the country, "noting that" the security forces hunting insurgents and lose sight of gangs of fraud associated with them, which is a key financier of the insurgency.
" and "Some armed groups still have the wings of management can not be detected are the duties of quality in the area economic, most notably money laundering and falsifying identities and official documents. " and the Directorate of Economic Crime in the Diyala police during the past period,
the distribution of bulletins warning contains information very important to give clear details about the difference between real currency and counterfeit and ways of detecting, in an effort to end the promotion of counterfeit currency. " From: Mahmoud Jubouri, the Open: the fulfillment Zangana
***** Calls for the withdrawal of counterfeit currency from the market as soon as
Date: Monday 20/2/2012 7:19
□ Baghdad / follow-up range
called for a number of parliamentarians and economists need to take stringent action against those who trade much counterfeit currency in the country, as it will lead to major problems in the national economy in terms of higher prices in the domestic market and increasing purchasing power than planned, confirming During their talk to the Agency (news) on the importance of a careful plan for the withdrawal of counterfeit currency markets to limit the danger,
In addition to activating the work of the Central Agency for Standardization and Quality Control on the Iraqi border to prevent the entry of goods inferior or counterfeit currency to reduce the phenomenon of money laundering or the depletion of foreign exchange.
The member of the Economic Commission deputy Qusay Gomaa said the continuation of trading currency, forged in the country without the necessary measures taken from by the federal government and the Kurdistan Regional Government will lead to economic disaster will affect also the work of the monetary policy of the Central Bank being in control of the size of the cash raised in the local markets.
Juma said for the Agency (news): You must develop solutions to deal with such phenomena in the country to reduce the severity He called to take the necessary measures in order to maintain economic security in the country.
He added that Iraq is dependent on international companies closer to the goods to the Iraqi border, Based on that should these companies not to allow the entry of goods inferior or counterfeit currency into the country to reduce the risk to be born as a result.
For his part, saw an economic analyst Ibrahim al-Mashhadani, the presence of counterfeit currency in the domestic market, this means there will be an increase in the purchasing power of more than planned in monetary policy, and this is what will result to increase prices in the domestic market, which is what happens far.
The al-Mashhadani, that in the event of continued circulation of counterfeit currency in the country will lead to high exchange rate of U.S. dollar against Iraqi dinar by increasing the demand to buy from local markets and this is what will lead to weakness of the Iraqi currency against hard currencies.
He noted that the fraud that occur Now she not only on criminal gangs and armed groups within the country, but there are regional countries, particularly neighboring countries such as Iran plays a significant introduction of counterfeit currency into Iraq in order to weaken the Iraqi economy and its currency, and the acquisition of hard currency of the country.
He stressed the importance of intensifying the role of security forces to fight the gangs that deal in this counterfeit currency and verification of those who aimed to destroy the Iraqi economy.
and that the process of eliminating the circulation of counterfeit currency in the domestic market will be through the project to delete the three zeroes from the Iraqi currency, which announced the implementation of the central bank early next year, through his withdrawal of counterfeit currency in circulation in the country and replace them with the new currency.
For his part, said a member of the Finance Committee MP Church Mustafa Haji should the concerned authorities to take legal action strict against those who do enter the counterfeit currency into the country and put it in local markets, as it will affect the national economy and the currency Iraq.
called Haji to the need to develop an accurate plan by the monetary policy for the withdrawal of counterfeit money from local markets to prevent the circulation in the country and to reduce the seriousness of the Iraqi economy.
He said the neighboring countries are the main source of entry of these funds due to lack of quality control on the Iraqi border to examine the goods and the money coming into the country, calling for activating the work of standardization and quality control to reduce the phenomena of depletion of foreign exchange and money laundering that these phenomena generated from import random goods.
warned against financial expert Ismail Abdul-Hussein of the spread of the phenomenon of switching of counterfeit currency for hard currency within the country because they cause serious on the Iraqi economy and the national currency, noting that most countries of the world began, "center used" the invention of special equipment for counterfeiting, particularly Iraq to fight the Iraqi economy and crush its currency.
said Abdul Hussein: that neighboring countries like Syria and Iran is suffering today from an economic blockade and the deterioration of its currency, what made them Tljian to Iraq to buy dollars.
He added that the Iraqi currency to replace them in U.S. dollars as it was valid and not fraudulent, it is a positive thing for Iraq through the recovery of the Iraqi currency to the origin, while if the fake Iraqi banks is not ready to reveal these currencies have a Khtraly Iraq in general.
He called to the importance that there be complete by the readiness of Iraqi banks to detect counterfeit currency entering the country, in addition to control of the border crossings to prevent the entry of such currencies to Iraq.
**** see what im saying? this is really hurting the economy these counterfits, and with iran buying up all the usd they can to just do buiss every day, they will do whatever they have to do even at the risk of collapsing iraqs economy with fake iqd or by trying to use there own iranian money to buy usd or any other unsactioned currency they can as the iran currency pluments in there exchange rates,
this has costed local iraqi traders a lot of losses and they want the cbi to do something about it, i can think of a way to solve it lol release the new money sooner an put a decent exchange rate on it such as a 1-1 with the usd,
this would make them stop using usd an use there own iqd and thus curb inflation give them greater purchasing power and pretty much stop all the counter fits that are trully hurting all of iraqs economy and buissnesses as these are huge losses for all of them....next thing....
*** the budget is so important to pass right now, they lose billons almost daily by delaying it, so much is riding on this budget, the funding for article 140 to the kurds thats in the budget and the kurds have agreed to the terms of the budget..
Kurds: we accept the Finance Committee proposals can be identified on the budget
Baghdad, February 19 (Rn) - The Kurdistan Alliance bloc, Sunday, as the Commission recognized the financial parliamentary proposals and described as "compatible" with the Iraqi Constitution and the Commission could adopt her.
and House Speaker Osama al revealed last week to determine who in principle on Monday deadline to vote on the budget in 2012. The vice president of mass Mohsen Saadoun, told the Kurdish news agency (Rn),
"We in the Kurdistan Alliance bloc and a coalition of Kurdish blocs made a proposal united to make adjustments on the budget that are compatible with the Constitution to the Finance Committee." said Sadoun,
"is constitutionally Award-door transfers between the budget and increase the budget but is not possible and we have given constitutional proposals (undisclosed) can adopt the Finance Committee.
" He said. concentrated most prominent demands of the Kurds in the federal budget to increase allocations of Article 140 of the constitution, raising the paragraph specifies the region to export 175 thousand barrels of oil a day, and the transfer of the financing of border guards (Peshmerga) to the Iraqi Ministry of Defense.
The Iraqi government had approved at its Emergency on the fifth of December last budget year 2012 amounting to $ 100 billion (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars). and campus violence, corruption, Iraq from investments during the years of conflict that followed the fall of the former regime in the spring of 2003, while moving slowly rebuilding process. From: Haider Ibrahim. Ts: Joseph Peace, the Open: Peace Baghdadi
***** and the people are to recieve 1 share of iraqi oil also which is also in the budget, and imo this has to have a hcl law passed because after all the 4th an final part of the hcl that has been the point of contriversy all these years is the profit shareing, who gets what and how much...
The Commission on oil and energy: a secret deal between Baghdad and Kurdistan to pass the oil and gas law
Monday, 20 February-February 2012 14:14 . A member of the Commission on oil and energy Odai Awad for a secret agreement between the federal government and the Kurdistan Regional Government on the establishment of oil and gas law to serve the reality of oil in Kurdistan against giving full powers of local government,
Awad said that his committee on the legislative and regulatory refuses to strongly pass a law is subject to the courtesies of political the expense of the people, without revealing the shape of the deal, and that the objections submitted to the law of oil and gas policy before they are technical, resulting in a foul and not approved by the House of Representatives, and was intended to benefit the party at the expense of the other.
noted that for a member of the Committee energy and oil Bayazid Hassan carry the responsibility of the political blocs delayed approval of the draft law of oil and gas. Hassan said that the lack of political consensus between the blocks stand in the way without the approval of the draft law of oil and gas,
the fact that this law is sensitive and needs to be approved by many of the views, adding that the financial allocations to the Ministry of Oil adequate and good because the budget depends on oil increased by ninety percent,
and pointed out that there are a lot of projects to the Commission such as the Federal Council and the law establishing the Iraqi company needs to be activated as they revive the national economy, stating that Iraq has signed contracts worth billions of dollars with major international companies to develop oil fields especially South of them without the presence of an oil law,
the government had already submitted the first draft of the law In February of the year two thousand and seven to parliament, but political differences have prevented the ratification of the law in parliament. .
***** so we saw where the budget was to be voted on today, and parliment delayed it till wednesday or thrusday while they reviw the past budgets accounts they recieved today.... **** ty bubbies for this article.... ***
The House held the chairmanship of the President of the Council, in the presence of Osama alngivi/254/deputies today its ... Iraqi reporter said that Parliament will vote Thursday on the financial budget law. The meeting will be in continuous session until the vote on the budget law.
This included the agenda of today's first reading to Bill medico and second reading project law ratification of Iraq on the International Convention against the taking of hostages and the second reading of the draft law of ratification of investment promotion and protection between Iraq and France as well as other draft laws.
**** and i love this next one as it shows the extreme need to hurry and pass the budget and to get the money from the budget distributed asap and to the point they say..soon as its passed we will release the money with in 7 days...
now we all know what slow pokes iraq is for them to move this fast u gotta know its a criticle issue and i love it, also they are facing parliment going back on break in march and if all these things arent passed it could really collapse every thing.
.the economy people wouldnt have money to live on, they couldnt implement art 140 and they would continue haveing bombings an attacks on the disbuted areas aligning the borders so much is riding on the budget...
***Undertake planning the launch of budget allocations after a week of approval
Date: Monday 20/2/2012 7:22
□ Baghdad / term follow-up of economic
and pledged the Ministry of Planning to expedite the launch of the financial budget allocations after a week of approval, at which time it demanded that the Kurdistan Alliance bloc of parliamentary conduct a series of amendments to the merits of the current year budget 2012 that is still going on in the corridors of the House of Representatives.
The Ministry of Planning that it will launch a cash budget in 2012 after seven days of approval in the House of Representatives, in order to speed up the implementation of projects.
The government has warned of continued disabling approval of the budget in 2012 emphasizing the need for approval this month, and the value of the budget in 2012 that approved by the government in December 5 of last year, $ 100 billion, and a deficit of up to $ 13.5 billion, and focused on the energy sector and the oil phase of the first, and then the security sector, and then the education sector, education and health.
said Planning Minister Ali Shukri, told the Kurdish news agency (Rn) "The Ministry of Planning will launch a cash budget in 2012 after seven days of approval in the House of Representatives, in order to speed up the implementation of projects and begin the recruitment process."
and added that "the Ministry of Planning agreed with Finance to release funds, and have developed an appropriate plan for the success of the process of launching funds ministries within seven days, "noting that" the Ministry of Planning will continue the process of implementing strategic projects by the ministries and local governments in the event of Chamber of Deputies passed the Iraqi file the budget during the month. "
and expected adoption of the budget release 59 thousand degrees and careers pan ministries and government institutions, which means reducing the rates of unemployment in the country that link, according to official sources to 15%, but civil society organizations and international says that the ratio is greater than that.
so said the Kurdistan Alliance bloc Nha Commission recognized the financial parliamentary proposals and described as "compatible" with the Constitution and the Commission can adopt.
and House Speaker Osama Najafi revealed last week to determine the day on Monday as the date for a vote on the budget in 2012 and this selection principle.
The vice president of mass Mohsen Saadoun, told the Kurdish news agency (Rn) "We have proposed a uniform to make adjustments on the budget that are compatible with the Constitution to the Finance Committee."
The Sadoun "From a constitutional standpoint, transfers award between the doors of the budget, but increase the budget is not possible and we have given constitutional proposals (undisclosed) can the Finance Committee be adopted."
concentrated most prominent demands of the Kurds in the federal budget to increase allocations of Article 140 of the constitution, raising the paragraph specifies the region to export 175 thousand barrels of oil a day, and the transfer of the financing of border guards (Peshmerga) to the Iraqi Ministry of Defense.
The government has approved in its emergency meeting on the fifth of December last budget year 2012 amounting to $ 100 billion (about 117 trillion dinars) and a deficit of up to 13.5 billion dollars (about 17 trillion dinars).
to that, the Member of the economy and investment parliamentary Aziz Sharif Mayahi collect signatures of 50 MPs to increase financial allocations to the provinces that suffer from deprivation.
explained according to the agency (Euphrates News) has been collecting signatures of 50 MPs to increase financial allocations to the provinces which suffer from deprivation, from the reserve investment of the public budget for 2012 by 100 billion dinars for the provinces of Diwaniya, Muthanna and 50 billion dinars for the provinces of Babil, Salah al-Din. "
and expressed "regret that the general budget for 2012 did not observe the standard of deprivation for the provinces that have no financial resources, Although this standard practice in most countries of the world that put their budgets Finance on the basis of population density and the intensity of their need, "adding that" the Diwaniyah and Al Muthanna provinces, the poorest in Iraq. "
In the meantime, said Finance Committee Chairman Parliamentary Haider al-Abadi said the issue of increase the salaries of retirees received attention of the Finance Committee significantly within the budget in 2012, noting that his committee decided to give a grant for one time to a certain segment of retirees.
said Abadi told (Euphrates News): It has been studied segments of retirees with the retirement was available on all grades of retirees and how to give rise to them so that salaries are all equal and that the increase towards the classes most in need of this increase. "
and added that "the Commission has taken several directions to this subject trend first to provide this increase for the classes most in need to increase their salaries," adding that "the Committee worked on the collection information on the number covered in this increase and whether including military and civilians together or civilians only, but the desire of all of Representatives that the increase includes all retirees without exception. "
said Abbadi, "The House of Representatives does not have the authority to increase Alt_khassaat noting that the Finance Committee the process of raising money through Other sources of the budget that there is no confusion of the budget because of all the ministries demanding Pt_khassaat very high.
He Abadi to the presence of layers of paid low in society and the need to increase more than retirees who are the social protection network and the network of care for women and widows, divorcees and orphans and also those calling for the allocation of the salaries of additional them, pointing out that we now face a real problem to allocate the amounts of all these and slide the task that would give them this money.
and Abadi said that the Finance Committee reached to give a grant to a certain segment of retirees does not include the majority, and therefore we can during the next few days to achieve something for retirees.
**** well i need to cut this post off as it is already taking me several hours to do but its also very long but extremly informative, as always i hope i have helped in your understanding of iraqi news and hope ive been acurate in my opinons as well...ty Shredd for helping me..... drops the mic and walks off...