Parliament resumes its sessions tomorrow to read and discuss the eight laws, including anti-terrorism device
Information / BAGHDAD / ..
It resumes the House of Representatives, on Tuesday, holding its meetings in the second legislative term of the second legislative year to read and discuss the eight laws, including anti-terrorism law.
A parliamentary source told / information /, "The House of Representatives will resume its sessions of the second legislative term of the legislative year the second reading and the report and discuss the eight laws," noting that "the most prominent laws to be discussed by the Council tomorrow anti-terrorism law."
The source added that "the meeting will report and discuss the proposals Cancel dissolved Revolutionary Command Council No. resolutions laws (15) for the year 1998, the number (256) for the year 1999, the number (32) of 2000," noting that "The Council will also discuss the report of the project to pass legislation Cooperation between the Government of the Republic of Iraq and the Government of the Islamic Republic of Iran in the field of plant protection and quarantine of agricultural agreement. "
The source continued, that "the meeting will see the first reading of the draft first amendment to the law Property Claims Commission No. (13) for the year 2010, and the first reading of the draft first amendment to the law law on the sale and rental of state No. funds (21) for the year 2013". Finished /
An invitation to link the Iraqi dinar to the global economy
1/19/2016 0:00
BAGHDAD Hussein al-Tamimi Tgb
stressed global stock representative in Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world's currencies, which in turn will give the power of the economic process within the country.
He said in an interview «morning»: that the Iraqi economy at the current stage needs to be clearly defined, pointing out that the laws relating to the economic aspect is still pursuing regulations socialist formula in the economic management of the sector, while economic and trade process pursues an open economy approach or the so-called (the market economy) .
He noted that this duplication of inevitably the economic file management will produce an economy is uncertain, Dhi different results, and here you must know that all the major industrialized nations rely open market that adopted in the production processes and import and export operations theory, and therefore, the state of commercial exchange between the countries process It must be built on a unified economic system.
Mahmoud said, an example of the reality of the Iraqi economy, it continues to rely on letters of guarantee granted to the traders to complete the import of goods operations, and this means limited to Iraqi criticism within the banks, and then prevent the spread of the Iraqi dinar in international markets, and the result was to weaken the value of the dinar and the inability to use it outside the borders of Iraq, noting the importance of the introduction of the Iraqi dinar to global markets.
He continued by saying that the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency This in turn will give the power of the economic process in Iraq. He said that the entry of the Iraqi dinar investment and thus can any investor to keep the Iraqi dinar as an investment in the currency market, there is no harm in raising the ceiling of printing the local currency as long as there are cash lid covers the domestic currency trading volume in global markets, also contributes to reduce hard currency emerging from Country, where traders will be able to import goods in Iraqi dinars, as well as an end to the black market phenomenon the fact that traders do not need to buy hard currency to finance their business operations.
Mahmoud said that linking the Iraqi dinar to the global economy leads to obviate the need for an auction of hard currency, which will determine the dinar exchange rate universally Iraqi against a basket of world currencies, helping to rewrite the business model of the private banks, instead of banks reliance on letters of guarantee and daily quota of hard currency given to it by the central bank on which the banks in achieving their profits, the introduction of banks investment as a project In the major internal and external business processes to take an active role in the country's economy in the Renaissance.
ENDstressed global stock representative in Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world's currencies, which in turn will give the power of the economic process within the country.
He said in an interview «morning»: that the Iraqi economy at the current stage needs to be clearly defined, pointing out that the laws relating to the economic aspect is still pursuing regulations socialist formula in the economic management of the sector, while economic and trade process pursues an open economy approach or the so-called (the market economy) .
He noted that this duplication of inevitably the economic file management will produce an economy is uncertain, Dhi different results, and here you must know that all the major industrialized nations rely open market that adopted in the production processes and import and export operations theory, and therefore, the state of commercial exchange between the countries process It must be built on a unified economic system.
Mahmoud said, an example of the reality of the Iraqi economy, it continues to rely on letters of guarantee granted to the traders to complete the import of goods operations, and this means limited to Iraqi criticism within the banks, and then prevent the spread of the Iraqi dinar in international markets, and the result was to weaken the value of the dinar and the inability to use it outside the borders of Iraq, noting the importance of the introduction of the Iraqi dinar to global markets.
He continued by saying that the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency This in turn will give the power of the economic process in Iraq. He said that the entry of the Iraqi dinar investment and thus can any investor to keep the Iraqi dinar as an investment in the currency market, there is no harm in raising the ceiling of printing the local currency as long as there are cash lid covers the domestic currency trading volume in global markets, also contributes to reduce hard currency emerging from Country, where traders will be able to import goods in Iraqi dinars, as well as an end to the black market phenomenon the fact that traders do not need to buy hard currency to finance their business operations.
Mahmoud said that linking the Iraqi dinar to the global economy leads to obviate the need for an auction of hard currency, which will determine the dinar exchange rate universally Iraqi against a basket of world currencies, helping to rewrite the business model of the private banks, instead of banks reliance on letters of guarantee and daily quota of hard currency given to it by the central bank on which the banks in achieving their profits, the introduction of banks investment as a project In the major internal and external business processes to take an active role in the country's economy in the Renaissance.
Parliamentary reduce the financial impact of rising US dollar against the Iraqi dinar in local market
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Reduced member of the Finance Committee MP Hossam punitive, from the impact of higher US dollar exchange rate against the Iraqi dinar exchange rate, stressing, that the local currency is stable and there is no fear of the rising dollar. He said the punitive that "the central bank would continue to pump foreign market currency and there is no any fears of a rise large of the dollar against the Iraqi dinar, noting that the current simple dollar price rise will not continue for a long time and will resume the decline over the next few days. "
These are good statements and we will just have to wait and see what happens in the next few days... hahaha
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