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Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange

rocky
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Post by rocky on Wed 20 Mar 2019, 3:07 am

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Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate p


20-03-2019 08:06 AM 
Number of readings:


 
 
 
 
Agency of the orbit -



[rtl]Baghdad[/rtl]


 


[rtl]The member of the Finance Committee of Parliament Abdul Hadi al-Saadawi, on Wednesday, the intention of his committee to develop mechanisms to change the financial funds to raise the dinar exchange rate and maintain the stability of inflation.[/rtl]


 


[rtl]"The committee will move during the current legislative term to change the fiscal and monetary policy in the country in general," Saadawi said in a statement exclusive to the newspaper / Al-Sabah and the official / Al-Madar said that "the committee is meeting with officials of the Central Bank to discuss this change during Next stage '.   [/rtl]






[rtl]He added that 'the financial Parliament is keen  to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state', indicating that 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country '.  [/rtl]






[rtl]"The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment."[/rtl]


 


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Last edited by rocky on Wed 20 Mar 2019, 6:20 am; edited 1 time in total
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Post by azareus on Sun 05 May 2019, 1:00 am

Discussing is their thing
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Post by Proven on Tue 07 May 2019, 4:21 am

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The Finance Committee discusses the draft Financial Management Law

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The Finance Committee, headed by MP Haneen al-Qaddo and the members of its members, held a meeting on Tuesday 30/4/2019 to discuss the draft Financial Management Law.
 
The meeting discussed the draft financial management law and set a date for a vote.
 
Members of the Committee presented their observations and proposals on the law with a view to enriching and maturing it before the voting session.
 
Department of Information
Parliament
30/4/2019


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Post by Screwball on Tue 07 May 2019, 5:19 am

[You must be registered and logged in to see this link.] wrote:
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[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] 

The Finance Committee discusses the draft Financial Management Law

[You must be registered and logged in to see this link.]
The Finance Committee, headed by MP Haneen al-Qaddo and the members of its members, held a meeting on Tuesday 30/4/2019 to discuss the draft Financial Management Law.
 
The meeting discussed the draft financial management law and set a date for a vote.
 
Members of the Committee presented their observations and proposals on the law with a view to enriching and maturing it before the voting session.
 
Department of Information
Parliament
30/4/2019


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Waiting  study
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Post by weslin3 on Tue 07 May 2019, 6:53 am

Discussing is better than not discussing.... Right?
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Post by Lobo on Tue 07 May 2019, 11:37 am

I think this is already a done deal.  The Iraq Trade Bank was opened in Saudi Arabia's capital (I believe was the last week of April - it was a big deal) and I thought it would RV then because they have to have international tradable currency - but then, the next day the CBI said the bank would be operational by mid May.  Also the PM told the citizens the value would be enhanced during this legislative term which ends at the end of May or first of June - both dates have been mentioned for the end of the legislative term.  So, based on that - I am looking forward to the RV this month.  Also, the IMF in the past few days stated, that Iraq had to stop the auctions and increase the value of its currency or no new loans.  Don't forget that this IMF Art. 4 report is just a recommendation and it goes to the IMF itself to review.  It is not the end all from the IMF.
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Post by Screwball on Tue 07 May 2019, 4:37 pm

[You must be registered and logged in to see this link.] wrote:I think this is already a done deal.  The Iraq Trade Bank was opened in Saudi Arabia's capital (I believe was the last week of April - it was a big deal) and I thought it would RV then because they have to have international tradable currency - but then, the next day the CBI said the bank would be operational by mid May.  Also the PM told the citizens the value would be enhanced during this legislative term which ends at the end of May or first of June - both dates have been mentioned for the end of the legislative term.  So, based on that - I am looking forward to the RV this month.  Also, the IMF in the past few days stated, that Iraq had to stop the auctions and increase the value of its currency or no new loans.  Don't forget that this IMF Art. 4 report is just a recommendation and it goes to the IMF itself to review.  It is not the end all from the IMF.
Good recap..but this is iraq...anything can and will happen
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Post by Proven on Thu 23 May 2019, 2:55 pm

Done.



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When is implementation?


Here is part of the actual law:

Article 53 This Law shall be published in the Official Gazette and shall enter into force from the financial year following its promulgation.



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Post by annieharbers on Thu 23 May 2019, 3:33 pm

Thanks Proven
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Post by Diamond on Thu 23 May 2019, 4:11 pm

[You must be registered and logged in to see this link.] wrote:I think this is already a done deal.  The Iraq Trade Bank was opened in Saudi Arabia's capital (I believe was the last week of April - it was a big deal) and I thought it would RV then because they have to have international tradable currency - but then, the next day the CBI said the bank would be operational by mid May.  Also the PM told the citizens the value would be enhanced during this legislative term which ends at the end of May or first of June - both dates have been mentioned for the end of the legislative term.  So, based on that - I am looking forward to the RV this month.  Also, the IMF in the past few days stated, that Iraq had to stop the auctions and increase the value of its currency or no new loans.  Don't forget that this IMF Art. 4 report is just a recommendation and it goes to the IMF itself to review.  It is not the end all from the IMF.
lol! OMG  lol!
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Post by rocky on Thu 23 May 2019, 4:40 pm

[You must be registered and logged in to see this link.] wrote:I think this is already a done deal.  The Iraq Trade Bank was opened in Saudi Arabia's capital (I believe was the last week of April - it was a big deal) and I thought it would RV then because they have to have international tradable currency - but then, the next day the CBI said the bank would be operational by mid May.  Also the PM told the citizens the value would be enhanced during this legislative term which ends at the end of May or first of June - both dates have been mentioned for the end of the legislative term.  So, based on that - I am looking forward to the RV this month.  Also, the IMF in the past few days stated, that Iraq had to stop the auctions and increase the value of its currency or no new loans.  Don't forget that this IMF Art. 4 report is just a recommendation and it goes to the IMF itself to review.  It is not the end all from the IMF.


we can only pray, alittle longer than a month i can wait

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