Balance estimated more than JD 2 economy: "road map" for Iraq protected funds

Balance estimated more than JD 2 economy: "road map" for Iraq protected funds


2013-06-30 Baghdad morning new




Anticipate Parliament's Economic Committee that "continue to protect Iraqi funds from the provisions of Chapter VII until a settlement with creditors through the road map where payment", asserting that "Washington will have a significant role in the resolution of corporate debt on Iraq."


And member of the Economic Committee, in a press statement, the United States will remain responsible for protecting Iraqi funds from the provisions of Chapter VII, aggravating the task will end only with the development of an action plan to resolve the debt owed by the Government.


Member of the Economic Committee, said Amer Al-Fayez that "there is an agreement concluded by the Government with the United States annexed to the Treaty on the subject of military withdrawal of funds.


He said Al-Fayez that "under this agreement, the United States protect Iraqi funds regardless of the position of Chapter VII of the Charter of the United Nations," adding that "this protection comes from the most important creditors of Iraq are American companies.


He said that "without this agreement the applicant that all of the funds in Iraq, sued once out of Chapter VII."


The UN Security Council voted last Thursday to exit Iraq from Chapter VII after the settlement of all obligations with the Kuwaiti side except debt file where he remained in custody Baghdad about 11 billion dollars, was agreed to pay over two years through the deduction of 5% of the Iraqi budget or investment companies, according to the Office of the Prime Minister's Adviser, Mariam Al-rayes.


On another note, the economy and Investment Committee member of Parliament MP Khalil mehma "Iraqi dinar has witnessed setbacks in the local market, but returned to its natural, making the Government and the Central Bank before the challenge of maintaining Iraqi currency", noting that "every dinar is in the pocket of the Iraqi citizen, home is estimated balance of more than $ 2.


Khalil, a Deputy for the Kurdish alliance that "low dinar exchange rate against the dollar was temporally."


"The price has stabilised and may be subject to surprises and speculations that wobbling", stressing the need for more decisive action on the matter.


He said, in a statement for "time", "difficult conditions experienced on the Central Bank to maintain policy confused Iraqi dinar, especially the political climate and the UN sanctions on neighbouring States", stating that "all the circumstances established a repel and not attractive for currency."


And improve the Iraqi dinar exchange rate against the US dollar over the past week, bringing to 1,210 dinars for each dollar, reached earlier this month about 1,300 dinars to the dollar.


For his part, Deputy Prime Minister for Energy Affairs, Hussein Al-Shahristani, Deputy Secretary of the political situation in the region.


According to a statement by the Office of Al-Shahrastani, quoted all Iraq, "Deputy Prime Minister for Energy Affairs Hussein Al-Shahristani, met in his Office Deputy Secretary Bill burns and his entourage, and the two sides discussed developments in the Arab political situation at the regional level and the General conditions in the region."


Al-Shahristani said, according to the statement, Iraq sought to build an advanced economy, especially in the field of oil and gas industries and petrochemical after Iraq from Chapter VII penalty provisions.


The statement noted that "Burns here said the Government and people of Iraq on his exit from Chapter VII penalties


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 noting that "every dinar is in the pocket of the Iraqi citizen, home is estimated balance of more than $ 2.

Here this is again. Its a substantially increased rate over the 1166 : 1 we see on the CBI. Good words wcia, stay calm its all in play. I actually liked that yesterday morning we saw an article simular to this, and then yesterday afternoon, we saw that the rate is too unstable and it should float for a while, then today we see this, sounds like there is some indecision, some unknowns, or some folks playing cat and mouse. either way, this game will end, and from the looks of it, we are all on the right team.

This is very encouraging...thank LIT!!! :D 

Khalil, a Deputy for the Kurdish alliance that "low dinar exchange rate against the dollar was temporally." wrote:

Sure think is talking about from the lifting of VII till now... ;)

Looking better all the time, bring it on!

I don't get excited much anymore about much of anything... However, I will say, it's getting a bit hard to keep myself from doing just that.  I still have things under control for now, but another article or two like this, and I make no promises.  :)  Thanks for the article!  Extremely encouraging...

Web

Webguy75903 wrote:I don't get excited much anymore about much of anything... However, I will say, it's getting a bit hard to keep myself from doing just that.  I still have things under control for now, but another article or two like this, and I make no promises.  :)  Thanks for the article!  Extremely encouraging...

Web

So, you like those emails.
Need to speak with you soon... ;)

I sure like all this good posts.

I hope all the offices are geared up for business. When this RV's people will be running to get this dinar cashed in.