Home
First topic message reminder :
Mahma Khalil Alsnjara: Vice-President of the Economic Commission project to delete the zeros and economic feasibility of the regional climate has become suitable for launch
Nahi Ameri
الاثنين 05-08-2013 Monday 05/08/2013
MP for Kurdish bloc Mahma Khalil Alsnjara Vice-Chairman of the Committee Economic development in the House of Representatives by the Iraqi government to activate the decision to delete three zeros from the Iraqi currency .. On the reason for the claim at this time Parliament Alsnjara said during his meeting with Sisterhood, saying:
After the withdrawal of Iraq from Chapter VII see that the regional climate has become fit and there is no fear of currency counterfeiting or forgery, and this argument that upheld the government to stand against the activation of the resolution has become unjustified now as well as the Iraqi environment has become a fertile ground for investment for Iraq's possession of fourth power Global prompting companies global investment race in investing in Iraq as between Alsnjara that there are procedures to speed up activating the decision of which continue to pressure the government legitimately including resorting to constitutional provisions that allow printing of a new currency, and it is not reasonable to keep the Iraqi dinar weakened to this limit against the U.S. dollar, especially that Iraq's sovereign balance in international banks totaled $ 76 billion.
In order to stand on the reasons for delay approval of the project to delete the zeros we met an economist and financial consultant Dr Majid picture, who told us the truth about the project and economic feasibility Almarjah the him, saying:
In 2008, the Central Bank in agreement with the Ministry of Finance to do the studies necessary for the process of deleting three zeros from the Iraqi currency, and the purpose of this process is to restructure the local currency to reduce the cost of trading the currency and facilitate the handling and especially trading, medium and large, as well as multi-currency than fifty fils to (100) dinars will lead to facilitate the draw price policy in the country to be accompanied by practical package of measures has claimed responsibility for all government departments and state institutions and banks in order to find solutions to all the problems and issues that can result from the process of restructuring of the currency, including cash, accounting, security, as well as take the necessary measures to destroy the currency received, and most important of these issues is how to do therapy accounting for the deletion of zeros, and related market, Iraq Stock Exchange, said Suri was the experience of Iraq to replace the currency in 2003 is very rich, but will not exceed only change the shape of currency and replace it, and therefore did not encounter this process any accounting requirements or legal It is necessary to take some necessary measures in the case of structuring currency in order to get the results of the desirable, including education departments, banks and public usefulness of restructuring the currency and how to take the necessary measures in order to reach the planned objectives, including the use of technology by the relevant authorities in order to detect fraud that occurred formerly of the old currency. And the reasons that led to the suspension of work on the project Suri replied saying:
The central bank's decision to restructure the process a decision for monetary policy, the monetary authority (CBI) and was done in consultation with the Ministry of Finance, the Bank has taken all the measures relating to the restructuring of the currency, including design of currency denominations and the quality of paper used in currency, which is considered one of the finest types of paper Stainless cash or difficulty rigged, but the interference of the executive of its decision to postpone the process of restructuring the currency led to the suspension of all actions related to this project.
Souri added:
That undergo such decisions for political manipulation and skirmishes is not in the interest of monetary policy nor in the interest of the Iraqi economy and therefore non-specialists politicians not to manipulate or interfere in such decisions and be subject to speculations and between political factions warming internalized in power.
And the most important benefits achieved by the project to delete zeros Giebna the economic Thamer Alheimus, saying:
Most benefit from the process of currency exchange deleting three zeros is the first easy trading and secondly and more importantly when you are distributing coins that are parts of the dinar will create a high elasticity of prices, for example, we now have a quarter dinars (250) smaller currency while will have after the deletion of zeros currency 50 fils or less, depending on the value of the dinar and therefore we can that نسعر between 1/4 dinars and 1/2 or less of the dinar, and this helps a lot in improving the incomes of lower segment of low-income people in particular.
Perhaps in this case raises the purchasing value of the Iraqi dinar in general in the future, if there is a monetary policy sober at least have the dinar against the dollar as a target in the stage unforeseen, and certainly the rise of the dinar against the dollar will improve access to many of the families or social strata limited income.
At the conclusion of our investigation we join our voices with the demands of the Economic Committee in the House of Representatives that calls for the activation of the project to delete the zeros for the benefit of the Iraqi monetary policy and all the Iraqi people, especially the poor and low-income people.
[You must be registered and logged in to see this link.]
Mahma Khalil Alsnjara: Vice-President of the Economic Commission project to delete the zeros and economic feasibility of the regional climate has become suitable for launch
Nahi Ameri
الاثنين 05-08-2013 Monday 05/08/2013
MP for Kurdish bloc Mahma Khalil Alsnjara Vice-Chairman of the Committee Economic development in the House of Representatives by the Iraqi government to activate the decision to delete three zeros from the Iraqi currency .. On the reason for the claim at this time Parliament Alsnjara said during his meeting with Sisterhood, saying:
After the withdrawal of Iraq from Chapter VII see that the regional climate has become fit and there is no fear of currency counterfeiting or forgery, and this argument that upheld the government to stand against the activation of the resolution has become unjustified now as well as the Iraqi environment has become a fertile ground for investment for Iraq's possession of fourth power Global prompting companies global investment race in investing in Iraq as between Alsnjara that there are procedures to speed up activating the decision of which continue to pressure the government legitimately including resorting to constitutional provisions that allow printing of a new currency, and it is not reasonable to keep the Iraqi dinar weakened to this limit against the U.S. dollar, especially that Iraq's sovereign balance in international banks totaled $ 76 billion.
In order to stand on the reasons for delay approval of the project to delete the zeros we met an economist and financial consultant Dr Majid picture, who told us the truth about the project and economic feasibility Almarjah the him, saying:
In 2008, the Central Bank in agreement with the Ministry of Finance to do the studies necessary for the process of deleting three zeros from the Iraqi currency, and the purpose of this process is to restructure the local currency to reduce the cost of trading the currency and facilitate the handling and especially trading, medium and large, as well as multi-currency than fifty fils to (100) dinars will lead to facilitate the draw price policy in the country to be accompanied by practical package of measures has claimed responsibility for all government departments and state institutions and banks in order to find solutions to all the problems and issues that can result from the process of restructuring of the currency, including cash, accounting, security, as well as take the necessary measures to destroy the currency received, and most important of these issues is how to do therapy accounting for the deletion of zeros, and related market, Iraq Stock Exchange, said Suri was the experience of Iraq to replace the currency in 2003 is very rich, but will not exceed only change the shape of currency and replace it, and therefore did not encounter this process any accounting requirements or legal It is necessary to take some necessary measures in the case of structuring currency in order to get the results of the desirable, including education departments, banks and public usefulness of restructuring the currency and how to take the necessary measures in order to reach the planned objectives, including the use of technology by the relevant authorities in order to detect fraud that occurred formerly of the old currency. And the reasons that led to the suspension of work on the project Suri replied saying:
The central bank's decision to restructure the process a decision for monetary policy, the monetary authority (CBI) and was done in consultation with the Ministry of Finance, the Bank has taken all the measures relating to the restructuring of the currency, including design of currency denominations and the quality of paper used in currency, which is considered one of the finest types of paper Stainless cash or difficulty rigged, but the interference of the executive of its decision to postpone the process of restructuring the currency led to the suspension of all actions related to this project.
Souri added:
That undergo such decisions for political manipulation and skirmishes is not in the interest of monetary policy nor in the interest of the Iraqi economy and therefore non-specialists politicians not to manipulate or interfere in such decisions and be subject to speculations and between political factions warming internalized in power.
And the most important benefits achieved by the project to delete zeros Giebna the economic Thamer Alheimus, saying:
Most benefit from the process of currency exchange deleting three zeros is the first easy trading and secondly and more importantly when you are distributing coins that are parts of the dinar will create a high elasticity of prices, for example, we now have a quarter dinars (250) smaller currency while will have after the deletion of zeros currency 50 fils or less, depending on the value of the dinar and therefore we can that نسعر between 1/4 dinars and 1/2 or less of the dinar, and this helps a lot in improving the incomes of lower segment of low-income people in particular.
Perhaps in this case raises the purchasing value of the Iraqi dinar in general in the future, if there is a monetary policy sober at least have the dinar against the dollar as a target in the stage unforeseen, and certainly the rise of the dinar against the dollar will improve access to many of the families or social strata limited income.
At the conclusion of our investigation we join our voices with the demands of the Economic Committee in the House of Representatives that calls for the activation of the project to delete the zeros for the benefit of the Iraqi monetary policy and all the Iraqi people, especially the poor and low-income people.
[You must be registered and logged in to see this link.]
» utube 7/6/24 MM&C Iraq Dinar-IQD-AI-Economic & Digital Impact Critical-JPMorgan-100% Completion Po
» MM&C 7/4/24 Tabaqchali: An Unfolding Structural Economic Transformation in Iraq
» utube 7/4/24 MM&C IQD Updates - Iraqi Dinar - Relations w / Baghdad & Kurdistan - Good - Financial
» Economist: Employee salaries are not affected by any liquidity crisis, but their disbursement is del
» Half of Iraq's population is covered by... Al-Sudani's advisor announces important statistics on gov
» Four billion dollars in a month.. The Central Bank reveals the volume of its hard currency sales
» Sudden outage in the most important electricity lines imported from Iran to the eastern regions of I
» Parliament indicates "single way" to eliminate 95 percent of corruption in state institutions - Urge
» Al-Sudani's advisor comments on the fluctuation of the dollar price: It does not suit the strength o
» Baghdad Council reveals the reason for generator owners’ failure to adhere to pricing: Collusion and
» Political analyst on the appointment of a “reformist president” for Iran: His goal is to please Kham
» Sudden blackout of Iranian power lines to Iraq
» Integrity Commission calls for removing encroachment on 26 properties belonging to a company affilia
» Iran, Iraq agree to open border markets between the two countries
» Food prices rise with the advent of Muharram... and popular anger against traders and the closure of
» Legislative session begins on Tuesday.. Date of first session revealed, 5 laws on agenda
» The government program on the parliament table and the entry of the Muharram insurance plan in the a
» Parliamentary Finance to NINA: Oil companies’ dues added to budget tables, government coordination t
» PM's adviser unveils AI budget
» Openness to 6 countries to create an "Iraqi experience" in modern irrigation and 10 sites nominated
» We build: Stopping dealing in the Chinese yuan is a limitation for the Iraqi economy
» State of Law: Restoring oil pipelines is more important than establishing Aqaba
» Economist explains the results of stopping dealing in the Chinese Yuan
» Turkish exploration in Iraq: a violation of sovereignty and regional complicity
» Will the development road turn into the Silk Road in the future?
» Among them are the Baath leaders in Jordan.. Politician: 3 reasons that push us to reject the Aqaba
» Currency war rages on, Iraq's economy the biggest loser
» Suleiman: Türkiye violates Iraq's sovereignty because of its failure to solve its internal problems
» Al-Fatlawi: Sunnis linked the position of the Parliament Speaker to the crisis of forming the Diyala
» Al-Ghanimi: Political aspects stand behind not withdrawing US forces
» Economist: Electricity crisis can be overcome by providing renewable energy
» MP criticizes government for not addressing dollar exchange rate
» Al-Salihi calls for an extraordinary parliamentary session to discuss the Turkish incursion
» MP threatens to open 6 files in the Ministry of Transport .. suspicions of corruption
» Parliamentary Planning Committee reveals latest details of government program evaluation
» Parliamentary demand to abolish the Ministry of Immigration after closing the camps for the displace
» Dhi Qar coordinates with the government to resolve the issue of the Popular Mobilization Forces’ lan
» Iraq's oil exports to America decline during the week
» Iraq is the largest importer of Jordanian goods for the third year
» Kurdistan Youth Participate in Iraqi Government Projects
» Clarification from the Housing Fund regarding life insurance for borrowers
» $1.4 billion.. The value of cryptocurrencies stolen in the first half of 2024
» Parliamentary Committee on Agricultural Land Ownership Law: Under Study and Preparation
» Health: Adding more than 4,000 beds within the government program projects
» Social Care Leave Includes.. Labor Announces New Plans This Year
» Includes a new strategy.. Karbala Municipality announces its service plan for the month of Muharram
» The dollar stabilizes in local markets in Baghdad
» Kurdistan's losses approach $13 billion due to halt in oil exports
» Government warns of “serious threat” to Iraqis
» Over half a century, Turkey has implemented contracting projects in Iraq worth $34 billion
» Parliamentary Transport: European embargo on Iraq still in place
» Economist: Aqaba pipeline will cost Iraq $28 billion
» During his reception of the President of the Kurdistan Democratic Party and his accompanying delegat
» Iraq announces the completion of the first phase of the network connection completely
» Bloc condemns armed attack on the home of its member of parliament
» Baghdad Council reveals the reason for generator owners’ failure to adhere to pricing: Collusion and
» Financial corruption detected in a project worth 2 billion dinars in Kirkuk
» Ministry of Labor announces new plans for the current year
» Trade spokesman denies ban on import of basic foodstuffs
» MP survives assassination attempt in Baghdad
» Sadr's Minister Expels Leader of the Movement: Corrupt and Traitor
» Iraqi oil exports to America decline
» Parliamentary response to the existence of a “constitutional text” that restricts the oversight powe
» Iraq will buy gas that will “never enter its stations”.. Two benefits and three suspicious paradoxes
» Parliamentary Economy Committee reveals factors of "failure of Iraqi industry": Granting what is abo
» Parliamentary Oil Committee reveals details of the Oil and Gas Law and the reason for not legislatin
» Oil and Gas Law.. The Unsolvable Knot
» Abdul Latif attacks Jordan and rejects the Basra-Aqaba pipeline project
» Revealing an agreement for 3 scenarios to decide the position of the Speaker of Parliament
» Parliamentarian reveals reasons for suspending the oil and gas law
» Integrity Commission calls for removing encroachment on 26 properties belonging to the General Compa
» Despite its economic importance, cotton cultivation is suffering in Iraq: Will it disappear?
» Government confirmation: "Ur Gate" contributed to reducing the phenomenon of corruption
» Allocating one trillion dinars for it.. Al-Sudani issues a directive regarding Diwaniya service proj
» Disclosure of the latest developments in the Baghdad Metro project
» Parliamentary Integrity points out observations on the work of some ministers: Pressures brought abo
» Central Bank of Iraq sales exceed one billion dollars in a week
» Electronically.. Trade launches supply operations in Muthanna
» Record number of dollar sales by the Central Bank in a week
» Al-Sudani's advisor: Iraq is in the process of paying off long-term development loans to the World B
» Parliamentary Oil Committee calls for speeding up the legislation of the Oil and Gas Law
» Significant decline in oil derivatives exports to Jordan
» MP calls for expulsion of Turkish forces from Iraq
» Al-Salami reveals collecting parliamentary signatures to amend Article 57
» Unveiling a strategic line that supplies electricity to 6 cities in western Nineveh
» Al-Shammari arrives in Karbala to review the mechanism for implementing the Muharram plan
» MP sets timing for deciding on House of Representatives presidency
» Al-Zayer on the deterioration of electricity: failed companies and corrupt contractors
» Iraq ranks 61st globally and 7th in the Arab world among the safest countries in the world
» Will the exchange rate reach 1600 dinars?
» Iraq's lungs are suffering.. Gaseous pollutants increase the incidence of cancer in Basra
» Government plan to raise gasoline production to 35 million liters per day
» Parliamentary Committee announces the establishment of the first water management council.. What wil
» US messages to Iraqi leaders: Dollar cash flow may stop
» Al-Mandlawi: Iraq is keen to involve Polish companies in investment opportunities
» The Iraqi Private Sector and Improving the Investment Environment in the National Development Plan 2
» Dollar exchange rates in local markets.. Learn about them
» How much is Iraq's loan from the IMF?