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Chat Room Excerpts & Highlights
Dinar Updates Monday Chat 10-10-16 Part 1 of 2
larrykn says(): A slight decline for the dollar today when JD 1300
2016/10/10 10:49 [In Baghdad] Foreign exchange markets in Iraq, Monday morning, slightly dollar Iraqi dinar.
And record the market price in Baghdad struggle stock closed at nine o'clock and 30 minutes 1300 dinars per dollar, 130 000 to 100 dollars, having overcome today 131 000 to $ 100.
Dollar-buying and selling prices in the banking companies:
Sale price per dollar b 130.50 DT, 130 000 and 500 dinars, for $ 100.
Purchase price of USD $ 129.50, no 129 thousand and 500 dinars, for $ 100.
Euro world price: 1 euro = 1.1173 dollars.
Pound world price: 1 pound = 1.2390 dollars.
The Turkish Lira world price: $ 100 = 304.63 TL
Us $ 100 = $ 131.60
100 USD = CAD $ 132.57
100 USD = 103.05 Yen
larrykn says(): we were asking what happened to the A&J law:
larrykn says():Parliamentary legal: near end judicial laws formulations
2016/10/10 13:37 The parliamentary legal Committee declared the near completion of the final drafts of the laws of the jurisdiction.
Vice Chairman, said in a statement received slavish denominator all Iraq [where] a copy of it on Monday, "the legal Committee in the House of representatives is completing the final drafts of the laws of the jurisdiction to view and vote on them."
He noted that "the Committee hopes to vote on the judicial supervision Act by members of the House of representatives to finish the rest of the laws regulating the functioning of Justice [Federal Court Act and the law on public prosecution and the Supreme Judicial Council Act]".
He pointed out that "the parliamentary legal continues to discuss adjustments to the rules which fall within its competence."
larrykn says():Urgent Allawi to bring justice to sectarian Maliki Office [extended]
2016/10/10 12:13 [In Baghdad] The Federal Supreme Court issued today its decision on the appeal made by Prime Minister Haidar Al-Abbadi's decision about canceling the Vice President assured void, which means the return of the three Vice Presidents and head of State of law Coalition Nuri al-Maliki, head of a coalition uniting repairable Osama Najafi, head of the national reconciliation party, Iyad Allawi.
And Judiciary spokesman judge Abdul Sattar Bayraqdar said in a statement all Iraq [where] a copy of it, that "the Federal Supreme Court held its full day Appeal considered the Premier's decision to add to his job to abolish Vice President".
And between Bayraqdar said "Federal Supreme Court found that the presence of one or more Deputy President is qualified article [69/II] of the Constitution."
He noted that "accordingly promulgated law number 1 year 2011 [Vice President Act] to organize the selection of one or more Deputy President as well as their powers and how to finish their tasks.
Bayraktar noted "then came the article [75/II/III] of the Constitution mandated them to exercise the functions of the President in his absence or when absent for whatever reason."
"The Court decision stated that the presence of one or more Deputy President obliging Constitution requirement in the public interest to prevent a vacuum in [executive-Presidency]."
"So the Vice President canceled means modifying the provisions of the Constitution of the Republic of Iraq of 2005 disable articles [69/II] and [75/II/III] it is the method provided for in article 142 of the Constitution, which requires in such cases approval of the absolute majority of the number of members of the House of representatives on the amendment and presented to the people for referendum.
He added that "since the contested decision of unconstitutionality cancel Vice President had issued contrary to article 142 of the Constitution, drawn in contravention of its provisions requiring judgement of unconstitutionality."
And Judiciary spokesman said that "Accordingly, based on the provisions of article [/I] of the Constitution decided by the Federal Supreme Court verdict unconstitutional paragraph 2 [/I] of the first defendant's decision to add to his job of number  and date 9/8/2015 and annulled Vice President, was sentenced by
larrykn says(): agreement and PATA I understand publicly in the morning 10/10/2016".
The paper by reforms Prime Minister Haider Abadi, in August 2015 cancel Vice President and Prime Minister, and the comprehensive and immediate reduction in setting up protections for all State officials, including Ministers, deputies and three presidencies and special grades directors and Governors and members of the provincial councils and their grades.
Iraqi banking sector needs re-evaluation and classification
Sunday 09 October 2016
Iraqi banking sector needs re-evaluation and classification
The most prominent in the news
Qurtas News proposed banking expert Iraqi Samir Nasiri, that « the Iraqi Central Bank prepare a study of the reality of government and private banks up to the re - evaluation and classification, assigning a specialized team in financial analysis to determine the administrative efficiency of performance standards and credit, with the participation of Iraqi banks, advisers and experts , the Association of Bankers».
Featuring the Iraqi banking sector seven state banks are «Iraq» and «rational» and «Iraqi trade» and «industrial, agricultural and real estate, and« Islamic rivers », and 35 private banks , including Islamic banks , specialized and branches of foreign and Arab banks.
larrykn says():He Alnasiri in an interview to «life», the «importance of the application of the Central Bank decision on controls the nomination of board members and staff leaders in the banks, and confirm the separation between the owners and executive departments, and not allow them to interfere in the executive work».
He explained that the economic crisis «pant features since the mid 2014 and continued repercussions so far behind them well - known economists and the public reasons ». And identified as «financial mismanagement in state institutions, and dispose of non - studied oil resources achieved in previous years, as well as a decline in oil prices by 65 percent from what it was, added to all that the costs of the war on terrorism and requirements».
The Alnasiri the existence of steps to address policy wrong in the economy, is the importance of «develop a methodology or a clear strategy for the economy, and not to rely entirely on oil resources, and the development of plans and programs targeted to diversify its resources, and to encourage other sectors such as agriculture, industry and tourism».
He stressed the need «application strategies prepared by committees advisers in the Council of Ministers in cooperation with the United Nations , international organizations, and the remaining 16 have not been implemented yet, and did not support the days of financial abundance, from oil revenues».
It focused on the «trend towards infrastructure sponsoring and supporting the economy and institution - building, and to adopt proper mechanisms in the implementation of monetary policy and the creation of an alternative to the auction of the currency because it faced criticism».
larrykn says():And the cash trading market, pointed out that « the problems suffered by the instability of the dinar exchange rate, and the flight of the proportion of foreign currency abroad to the goals of non - economic and download the central bank responsibility that must be common to government institutions, as well as speculators and currency traders, formed factors «led to the low rate of savings cluster of cash in banks to 23 percent, compared with the compactness of $ 77 per percent outside the banking sector ».
he said that it« indicates a lack of confidence among customers and a number of banks due to low liquidity in some of them to a minimum, bringing the banks to not being able to fulfill its obligations to customers at their request cold and deposits. »
the businessmen and money attributed the poor the banking sector management to «men control the money and the exploitation of banks for funds deposited managers». They carried the responsibility of the central government « the deterioration of the economic situation of the lack of planning and organization».
The head of the Iraqi Businessmen Union is willing Blibl, that «mismanagement in the banking sector because the money men under control, is the one who contributed to the exploitation of the funds deposited by some bank managers for their own investment and in violation of the law form».
And saw the Iraqi Businessmen Union member Abdul Hassan Ziadi, that «this problem borne by the central government for the delay in payments to people, in addition to the lack of organization of the economic process that led to the collapse of the process».
larrykn says():She drew international project center in Iraq actress Mona earthquake , in a statement, that «banking service is real to these banks were one of the causes of the problem, as are given to friends and acquaintances managers without study ».
the CBI has given the government banks until last September, to adapt systems and electronic transactions».
he stated that « the proportion of beneficiaries and users of these transactions do not exceed 10 percent». He suggested the possibility of «contribution orientations to expand the use and benefit from 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems.»
Read More : http://www.dinarupdates.com/showthread.php?42306-Iraqi-banking-sector-needs-re-evaluation-and-classification
larrykn says():seems the auctions keep going up lately
larrykn says(): 149 million dollars of foreign exchange by the central sales
10 October 2016 02:12 pm Direct: the Iraqi Central Bank sales of foreign currencies through an auction on Monday, to $ 149.5 million, compared to $ 139.1 million Sunday, according to the statement.
The Central Bank said in a statement, the exchange rate averaged 1182 dinars per dollar in auction held at participation of 29 banks and 12 remittance company.
The Bank noted that the volume of remittance payments totaled $ 36.21 million, totaled $ 81.3 million sums, while quantity sold 32.01 million dollars in cash.
Central, explained that the sale of transfers to bank accounts abroad be priced at $ 1190 each DT either cash sale price is the price 1190 dinars per dollar.
Read More : http://www.dinarupdates.com/showthread.php?42316-149-million-dollars-of-foreign-exchange-by-the-central-sales
larrykn says -Parliamentary-legal-near-end-judicial-laws-formulations