Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Federal Supreme Court postpones lawsuit challenging the articles 46 and 50 of the budget to May

    lonelyintexas
    lonelyintexas
    lonelyintexas
    Interacting Investor
    Interacting Investor


    Posts : 4285
    Join date : 2012-12-19
    Location : San Antonio
    • Post n°1

    The Federal Supreme Court postpones lawsuit challenging the articles 46 and 50 of the budget to May Empty The Federal Supreme Court postpones lawsuit challenging the articles 46 and 50 of the budget to May

    Post by lonelyintexas Tue 14 Apr 2015, 9:17 am

    The Federal Supreme Court postpones lawsuit challenging the articles 46 and 50 of the budget to May 4

    Tue Apr 14 2015 14:02

    The Federal Supreme Court has decided to defer consideration of the case to appeal to the constitutionality of articles 46 and 50 of the federal budget for the year 2005 until the fourth of next month, and agreed to enter Mr. Prime Minister In addition to his job a third person in the case.


    Judge Abdul Sattar Bayrakdar spokesman for the federal judiciary, said that "the Federal Supreme Court decided to defer consideration of the case the central bank to challenge the unconstitutionality of articles 46 and 50 of the general budget of the Federal Law of 2005 to the fourth of next month." , pointing out that "the delay was for the purpose of completing the procedures, has decided to introduce Mr. Prime Minister, in addition to his job a third person in the proceedings."


    For his part, Dr. Ahmed Chalabi, head of the Finance Committee in the House of Representatives, which is a party also third in the lawsuit in the gallery testimony told the court that "the central bank sold through auction currency for the period between 2006- 2014 to $ 312 billion, 750 million and 598 thousand dollars, equivalent to 57% of the total oil imports of $ 551 billion, 749 million and 957 thousand and $ 142."


    He said that "the central bank made in 2009 only to sell 92%, which entered the country from oil imports. " He added that "if we take into account when the legislation of Article 50 of the budget, the total import of the government of 2006 to 2014 from abroad amounted to 115 billion only, we find that the total foreign currency sold the private sector, most of which is destined to imports by the private sector amounted to three times the government's import, "explaining that" this thing is not true import of the government includes fuel imports and the Ministries of Defense and Interior, and others. "

    Chalabi said that "the sale of these enormous quantities causing wastage of hard currency that we have acquired from oil imports that cause great harm to the state, part of this damage what ails far from the scarcity of liquidity. "


    With The Chairman of the Finance Committee in the House of Representatives to "the sale by the Central Bank of cause in the case of corruption and corruption reflected on the situation year in the country ", he explained that" the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged using other tools to protect the national currency. "


    He went on Chalabi that "the House of Representatives found of this article, the protection of national hard currency and prevent the bank from exercising powers in the currency protection. " He said that "as reported by agent Prosecutor (the central bank) about that Article 50 of the Budget Law legislation carries financial burdens is the payment is not true," adding that "the rise in the dollar price does not carry the state financial burdens, but the opposite is mitigated ,.


    When you pay its obligations in Iraqi dinars, " and explained that "the price set by the central bank is an option it is not based on a particular rule," pointing out that "the Central Bank to sell the currency through the auction has risen seven-fold from 2006 up to the 2013 and 2014".


    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sun 28 Apr 2024, 1:36 am