Articles for March 8th, 2016

So lot's of news out of the banks over there the Central Bank and the State Banks too.

The local currency to invest in global stock

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lots of good words here but ... still we wait!

3/8/2016 0:00 

 BAGHDAD - Hussein al - Tamimi Tgb 

 continue specialists efforts in economic affairs in the search for exits reduce the impact of financial distress on Iraq, the adoption of mechanisms toelevate the Iraqi dinar cross - entered the global bourse. 

Specialist on global stock Osama Mahmoud said that minimize the effects of the financial crisis on the economy Iraq requires action on the adoption of measures and new solutions can be adopted for the next stage. multiple solutions and pointed out in aninterview for »morning« that the most important solutions to the current crisis is to enter into the world of the stock market and two - way are the public sector and the private sector, the government sector will find multiple solutions contribute to the alleviation of the crisis financial entry through the dinar traded, it can be to buy the local market requirements of global markets through it and thus encourage investment in Iraqi dinar and thus the amount of hard currency out into the world markets.  strengthening of thecurrency and said the entry of the Iraqi dinar in the stock market will reduce drafts and eliminates the black market and thus prevent fluctuation dinar exchange rate against thedollar, as well as he would give the strength and momentum of the Iraqi economy through the strengthening of the local currency in the global market, adding that he Aaufer citizen support in food prices, where the purchase of food commodities product President and international prices without the presence of mediations increase the cost of Article food. a second income either solutions to be provided by the stock market simple citizen is represented few savings simple citizen and could be a second source ofincome which can use these savings in the stock markets and thus achieve financial gains not too bad to be helped him in improving the personal financial situation, as well as the availability of goods President that the citizen needs a president in his daily life at constant rates unchanged in value, and given the economic stability of the citizen away from the greed of traders who controls the destiny of the people by manipulating prices under the pretext of changing the Iraqi dinar exchange rate. here it must be noted that the stock market is part of the many solutions on the Iraqi economic arena as well as the many solutions that will improve the economic situation of the country away from compromising the income of ordinary citizens. price changes and passes Iraq a severe financial crisis as a result of the country 's dependence on oil as the main source of funding and thus put the country 's economy likely to fluctuate with changes in oil prices in global markets, and with lower prices to record highs , the oil market has not seen since the nineties of the last century, it has become a critical situation in the economy, with an estimated deficit in the Iraqi budget according to the latest official statements byabout 34 billion Iraqi dinars.
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Parliamentary Finance exclude the issuance of central bank Edition 100 thousand dinars

LINK

I would like a more straight forward translation of this but don't have it yet

BAGHDAD / JD / .. ruled the parliamentary finance committee, the Central Bank issued a new edition of 100,000 dinars category along the lines of 50,000 dinars for the time being, saying that if the issuance will be annulled and some small groups.

A member of the committee MP Sirhan Ahmed told / KD /: that the committee recently met with the Governor of the Central Bank and his accompanying delegation and discussed with him several issues, including the issuance of new categories in the Iraqi currency, indicating that the central bank governor stressed the importance of the issuance of Class 50,000 dinars on the market because of their many benefits, but he did not touch on the issue as another big category of 100,000 dinars.

He added that if the central bank went to the issuance of 100,000 dinars, it means that the central will cancel the small denominations of currency. This does not serve the economic situation in the current circumstances.

The central bank announced earlier to issue a new edition category of 50,000 dinars, while likely to issue 

another edition of 100,000 dinars category. / End

Rasheed Bank announces the availability of financial liquidity for the disbursement of pensions

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Long-Presse / Baghdad

Rasheed Bank announced on Tuesday the availability of necessary financial cover for the disbursement of pensions, and expressed his keenness to follow up on receipt of instruments, as he emphasized that the information that speak otherwise, "baseless."

Al-Rasheed said the bank in a statement received, (long-Presse), a copy of it, that "we have enough cover for the disbursement of pensions," noting that "public pension body liberation instruments retirees and statements of the bank Rafidain and Rasheed, and is contacted banks by the competent authority for the purpose of receiving and payment to beneficiaries." .

The bank confirmed that it "is keen to follow up on receipt and exchange until late at night and on the same day in cooperation with the Commission taking into account the need for retirees to their salaries," stressing that "the statements that reported not to provide financial cover untrue, nothing to do with the Rasheed Bank it."

It is noteworthy that the Rafidain Bank attributed the management, on Sunday (6 March 2016), the reasons for the delayed payment of military pensions to delay retirement

  Authority to provide financial cover to the Rasheed Bank

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Social protection distribution of salaries of 64 thousand beneficiaries this week
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Tomorrow Press / Baghdad: 

The Ministry of Labour and Social Affairs, on Tuesday, it will launch this week, "the salaries of" social protection network of 64 thousand beneficiaries.

According to a ministry statement it received "Tomorrow Press", a copy of it, that "the Ministry of Labor will launch this weekend social subsidy of 64 thousand beneficiaries within the last extension of the fourth batch of 2015". 

The statement added, "This step comes after the removal of the causes of downtime in the capital Baghdad and other provinces."
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KURDS SECURING 20% SHARE IN THE UPCOMING TECHNOCRAT CABINET IN BAGHDAD

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This is an increase from past rates of 17% and 17.5 %

Kurdish factions in the Iraqi parliament meet with PM Abadi to discuss Erbil-Baghdad issues

Iraq, March 8, 2016 Show Video | Download Video Kurds have asked for a share of 20% from the Iraqi Government in a meeting with the Iraqi prime minister yesterday ,March 6th. The Iraqi Prime Minister, Haider al-Abadi, met with the Kurdish factions in the Iraqi Parliament to discuss the reform package he has recently declared as well as the Kurd’s share in the new cabinet. Musanna Ameen, the Iraqi Kurdish Parliament member, told BasNews on Monday that they have discussed political, economic, and security issues with the prime minister, and they have asked him to provide Kurds with a share not less than 20% from the new Iraqi government.  The prime minister, however, approved the request and asked the Kurdish blocs to present their candidates for the new technocrat government.    Discussing the Kurdistan Region's budget, Musanna Ameen said that PM Abadi has agreed to provide Kurdistan Region's budget if only Kurds implement a transparent policy in the Kurdish oil exports and they reach an agreement with Baghdad regarding the oil issues and the number  of the civil servants of the Kurdistan Region