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Friday, August 10, 2012

Paradise Financial outweigh the direct deletion of zeros through July of next year, 10 AUGUST


Paradise Financial outweigh the direct deletion of zeros through July of next year

Suggested that the parliamentary Finance Committee is the direct deletion of zeros and currency exchange during the month of July of next year, as shown, the central bank removed the fears of all, it confirmed that the government will support this project after providing Baijayate (pros) and cons.
A member of the Committee Haitham al-Jubouri in a press statement that “the Finance Committee supports the project to delete the zeros and currency exchange, and must be government involvement in this project as responsible for drawing up the financial policy of the country,” likely to “be direct this project during the month of July of next year 2013″ .
The Jubouri that “the central bank removed all fears of a changing of the currency, after warnings from the conduct of money laundering or increase the size of inflation,” noting that “the form of committees competent to control it.”
The Jubouri that “the Iraqi government did not object to the origin project, but objected to the lack of knowledge of this, “pointing out” that it will support the project after providing the positive aspects and negative aspects of the project. “
The Finance Committee of the House of Representatives have shown, in the July 13, 2012, support for the replacement of the existing currency, while a condition ready the central bank to move, confirmed that the bank needs another year to begin the process of replacement.
As announced, in (July 11, 2012), a willingness to clarify the reasons for hesitation Council of Ministers on currency exchange, although the central bank confirmed its ability to thatof the occurrence of fraud affecting the national economy.
and announced by the Finance Committee’s parliamentary Najiba Najib in (the third of July, 2012), that the budget next year, 2013, will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Central Bank of the project to delete the zeros.
with considered the Adviser to the Prime Minister for Economic Affairs Abdul Hussein Al-Anbuge, in (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warnings of “mafias currency” is preparing to rig the trillions of dinars Iraq to replace them in the light of the upcoming changes.
It is noteworthy that some economists believe that Iraq is ready for the time being to delete the zeros of the iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
On: Friday 8/10/2012 6:08

MOUNTAINMAN POST: " REAL SHOT FOR CHANGE IN THE IQD VALUE IS BETWEEN THIS SEPT-JANUARY 2013", 10 AUGUST

8-10-2012 Mountainman: Since mid-2011, the CBI has said they will introduce the new currency in September 2012, with an issuance by January 2013 at the latest. Of course a year ago no one wanted to hear that and everyone said it most certainly was smoke and anyone who believe it was being "negative."  Well, here we are. Of course these statements by the CBI never addressed a rate change specifically and for obvious reasons. But if the CBI is truly going to revalue their currency (which I believe they are), then they must raise the value of their currency before the redenomination.  RV then RD (or simultaneously), followed by a period of 2- 5 years where we will have to either exchange for LD's or into another currency like the USD. It will be done electronically and there will be a limit to what we will be able to withdraw initially. Bottom line, the first real shot we've ever had at seeing a significant change in the IQD value is between this upcoming September to January.  That is what I have been led to believe, not by gurus, but by researching statements from those who are actually involved.  CBI, Finance Committe, IMF etc.  The next few months should be very interesting.  Hang in there.

DINARES GURUS UPDATE, 10 AUGUST

8-10-2012 Intel Guru Checkmate I believe 80% of the intel we've been getting is wrong...I also believe as we move closer to this event its probably closer to 90% somewhere...it is just flip flopping every other day...now more than ever the news is very very important because we definitely can't depend on nothing else...I hate to say it but nothing else really has any credibility...what do you believe in?  Absolutely not the news but it gives us some kind of a guideline...

8-10-2012 Newshound Guru Kaperoni [article] "on Tuesday that the Central Bank of Iraq sent a letter to the financial and economic committees in the House of representatives expressed its readiness to apply the draft three zeros from the currency be deleted during the next year and contains a detailed explanation of the project and implementation phases for the purpose of discussion in the House of representatives and a ceiling to be applied.”...So here we see again that the CBI is ready. And this time they gave “detailed explanation of the project and implementation phases." This is clearly progress!  And, IMO, tells us we are much closer to the RV than they are letting us believe. This kind of information must be well guarded. It is the plan! The CBI knows there are loose lips throughout the GOI.

8-10-2012 Intel Guru FreewayBill IMF is working very tight with the top people in this to make sure that this is as secure as possible.  There is a lot of things going on behind the scenes that you don't know about to help us keep our money once we get it. 

8-10-2012 Intel Guru SteveI I simply cannot imagine the following high ranking and most powerful people in Iraq [Shabibi, Minister of Finance, Chairman of the Finance Committee and others] going to this event or "International Conference"  at the current exchange rate [Iraq Finance 2012 in London--I sent IF2012 news to Dinar Guru members 4 days ago...if you are not a member and want to get info like this ahead of most, get signed up in the blue box above]....Both [Intel Guru] Ray and I feel that this is a very good article and yet another strong reminder in the direction they are moving towards.

8-10-2012 Newshound Guru Kaperoni  “Saleh made the comments following reports that many Iraqis had started losing confidence in the local currency by exchanging their savings into dollars.”...Well, well, want to collect 3-zero dinar?  What better way than to instill a bit of fear?...I don’t know about you, but if this is a final push before to remove even more 3-zero dinars from the streets, I am convinced! 

8-10-2012  Newshound Guru BGG    Maliki seems to be “toeing the line” as he should have been all along. Iran wants him to be their boy, but it appears that to stay in power he has had to make a different deal. That’s great for us. Maliki was a staunch supporter of the Assad regime only 2 months ago – now he’s thumbing his nose at Iran who wants his help putting more military support behind Assad. He’s starting to act like the “leadership we left in charge” (as per President Obama).

8-10-2012  Intel Guru Okie_Oil_Man   THERE ARE OVER 70 DIFFERENT PROGRAM'S AS I UNDERSTAND IT THAT IS SET TO GO ALL AT THE SAME TIME. THE COMPLEXITY AND LOGISTICS OF PUTTING A MASSIVE UNDERTAKING TOGETHER SUCH AS HISTORY HAS NEVER SEEN HAS BEEN SO INVOLVED THAT WE CAN'T EVEN IMAGINE WHAT IT HAS AND IS TAKING TO INSTIGATE.  EVERYONE PLEASE BE AWARE OF THE PUSH BEING EXERTED BY THOSE IN CONTROL TO HAVE THIS ACCOMPLISHED. IT IS TO THEIR ADVANTAGE FOR THIS TO HAPPEN AS SOON AS HUMANLY POSSIBLE.  THERE ARE NO DELAY'S--ON THE CONTRARY--THINGS ARE MOVING AT THE SPEED OF LIGHT NOW AND IT SHOULD NOT TAKE LONG FOR THESE PROGRAM'S TO BE INITIATED.   [post 2 of 2]

8-10-2012  Intel Guru Okie_Oil_Man    AS EACH DAY WE ARE CLOSER AND CLOSER TO OUR DESTINATION AND ALL THE INTEL AVAILABLE STATES THAT WE ARE AS CLOSE AS WE CAN BE AND ANY MOMENT THIS BLESSING COULD OCCUR WE SEEM TO BE IN THE POSITION OF BEING IN THE RIGHT PLACE AT THE RIGHT TIME.  ALL INDICATION'S ARE THAT THIS COULD AND WILL OCCUR INSTANTLY WITHOUT ANY FANFARE OR PRE-ANNOUNCEMENT'S.
[post 1 of 2...stay tuned!]

8-10-2012  Intel Guru Hammerman  there are again rumors of some parts of Iraq showing a full rv rate...at this point cant prove anything...Iraq shows great improvement...alot of building projects start up next week...over 50 large in excess of 2 billion dollars, large malls, motels and resorts...also there are very big oil deals taking place now...major oil company will be building some of the largest refineries in the world in Iraq so something has to happen real soon...dont believe too much on what ya'll seeing an hearing on the forex...they’re manipulating numbers is all.  look for some hints of more stuff on asset backed monies and more and more countries changing money...most are trying to get away from the US dollar so there is alot of little tell tale signs of global realignment and rv of monies...im happy, ill stay on this.

8-10-2012  Newshound Guru Adam Montana   I'm happy with the progress they have made. Any of my long-time followers knows that I've never been a "RV Monday!" guy - I've always preached the "slow and steady" course. We have been going slow and steady for a long time, and the train is approaching.

8-10-2012  Newshound Guru BGG  Article -  "The CIA has an archive of most Iraqi politicians scandals"  I have a funny feeling this is why we are seeing everyone “playing nice” right now. It is an odd turn of events that a week after we were public about this thing being all about votes – there seems to be a radical shift in policy (by the US) putting us on the opposite side of the fence with Iran and finally getting things moving forward. Just odd is all I’m saying.

8-10-2012  Newshound Guru Med  PAY CLOSE ATTENTION TO THIS, THE CLOSER WE GET TO ZERO HR THE MORE I EXPECT TO SEE PERSONAL ATTACKS ON CBI'S REPS LIKE SHABIBI AND SALEH AND CBI ITSELF.  I AM GAUGING HOW CLOSE THIS IS TO POPPING BY THE NATIONAL ALLIANCES ATTACKS IN THE MEDIA AND THEY LOVE TO DO IT.  NOW PERSONALLY AGAIN AND BY FACTS WE ARE SITTING ON TOP OF THIS I HAVE SEEN NOTHING OR HEARD ANYTHING THAT MAKES ME AT THIS POINT THINK ANY DIFFERENT THEN I DID YEARS AGO OR EVEN TWO DAYS AGO.

TONY & GARY POST, 10 AUGUST

Tony : China is not making this decision. LaGarde is not making this decision. I got a call this morning. There is a huge meeting with EVERYBODY over in Iraq happening right now. Even though Iraq said they are out of it, they have done what they are supposed to do; this meeting is for what to do afterwards. They are supposed to come out of that meeting Sunday, Monday. Everything is still very positive. Everything is still pushing forward.

 Gary : We were told the closer we get to the event the more chaotic and confusing the news will be. Every time we turn around they are giving us different dates. They don’t want us to really know when it is going to hit. Everybody is ready. I do believe we are fairly close.

BLAINO POST, 10 AUGUST

8-10-2012 Blaino: I'M WAITING ON CONFIRMATION THAT THE SEPT 1 RELEASE DATE IS REAL FOR THE LOWER DENOMINATIONS. IF IT IS THEN I DON'T THINK THEY WILL 'TELEGRAPH' A DATE CERTAIN LIKE THAT SO THAT MEANS WE OUGHT TO SEE THIS IN DAYS AT THE OUTSIDE. WHO WILL WANT LOWER DENOMS IF THEY HAVE NO 'EFFECTIVE' VALUE ON THE STREET? PLUS THE COST TO CREATE THEM WILL FAR OUTWEIGH THE WORTH AT THE CURRENT VALUATION. IT ONLY MAKES SENSE THAT YOU NEED THE REVAL JUST SLIGHTLY AHEAD OF THE RELEASE. LETTING USD ACT AS YOUR LOWER DENOMS WHILE YOU CIRCULATE THE REAL ONES AND THIS WILL BE EASY PEASY SINCE THE FOLKS THERE ARE "UP" ON UNDERSTANDING THE USD AND FAMILIAR WITH ITS VALUE. ACTUALLY, I DID GET A FEW CALLS AFTER OUR CALL LAST NIGHT AND THIS MORNING STATING THAT WE ARE "IN THE ZONE, NOW!" ALTHOUGH, I AM MAINTAINING AN ATTITUDE OF "SHOW ME THE MONEY!" I DON'T THINK "THEY" WILL START AT ANYTHING LESS THAN $2.70+. IF IT COMES OUT AS A 'MANAGED THEY COULD GO WITH PARITY TO THE USD (1 FOR 1). IF THEY WERE GOING TO USE OUR STUFF FOR THE LOWER DENOMINATIONS AND LET THE FOREX PUSH IT UP OR THEY COULD SIMPLY RELEASE IT TO TRADE AND ALLOW THE FOREX TO SEND IT CLIMBING LIKE A HOMESICK ANGEL UNTIL SHABIBI SEES IT TO BE WHERE HE WANTS IT, WHEREUPON HE COULD STEP IN AND DECLARE A MANAGED FLOAT.

STEVE & RAY, BGG, FREEBIRD & PHOENIX POSTS, 10 AUGUST

8-10-2012 Steve & Ray: After reading every word regarding the Iraq Finance 2012 is the first major international conference focused entirely on banking and financial services in Iraq. I simply cannot imagine the following high ranking and most powerful people in Iraq going to this event or "International Conference" at the current exchange rate. Now they could, but to me it is not likely. The part I like the best is this: The Central Bank of Iraq, as well as the Ministry of Finance, have adopted policies to fight inflation and strengthen the Iraqi Dinar. Red tape and bureaucracy are being removed and Iraq’s banking and financial services industry is poised to develop rapidly in the coming years. I find the timing in mid September very unusual if Iraq has no intention of becoming a global economic giant. 
 I also love this bullet point: Iraq is on the verge of a boom in project finance as massive industrial projects, power plants, and general infrastructure projects are established. I guess one could say, just exactly what is a "verge of a boom" mean? One could speculate that in order to take Iraq to the next level as a world global economic giant, means much more than a currency valued at .00086 to the United States Dollar. I just cannot see the leaders of Iraq putting their necks on the line again for a currency that has absolutely no value in the global market and try and promote global trade without being a member of the WTO. I really feel positive about the news and all of the activities coming together recently. I also read yesterday that Iraqi Unemployment “to be Eliminated” by 2016. Wow, I wish I could say the same for our country. Perhaps a change in leadership might be a start. All I see is positive news lately and I am very encouraged by it. Also, just reading that Iraq Oil Tops 3 Million Barrels for First Time Since 2002.


8-10-2012 BGG: "Talabani confirms the importance of unifying the positions of all the political parties in order to resolve the political crisis." This is the meeting I wrote about the other day. The two Kurdish leaders meeting prior to Talibani coming back. Not much substance for us to look at – but something is up or “the little Barzani” wouldn’t be up there. Could be just smoothing some feathers before next week? "Mutlaq: There is an agreement between Iraq and al-Maliki on all outstanding issues and will be approved very soon." This is very, very good news for everyone. They have a political agreement in place to get the Federal Courts and Supreme Judiciary Laws done – as well as a couple of others. Not only does it demonstrate them actually agreeing and getting things done – this will add some legitimacy to their government. This is  something I have been talking about for a while – long before anyone else. BGG strikes again!!

8-10-2012 Phoenix3333: Iraq and World Bank. Finance Unit Advisory Mission to Assess and Evaluate Corporate Assets. "Iraq will no longer need to use Foreign Advisory. The Ministry of Finance unit was formed a nucleus in coordination with the World Bank to assess the assets of Iraqi companies after receiving training with foreign consultants. In the future there will be no need to use foreign Advisory. The Government has allocated within current year budget of 100 billion Iraqi dinars to support State-owned companies to assist them with foreign consultant to evaluate assets. A number of State-owned enterprises in some ministries of the financial problems stopped working a number of companies after 2003 and still has to pay the salaries of State employees.

8-10-2012 Freebird: We've had some great news the past few days.  Talabani is returning and we will see the new reform paper discussed, signed and implemented.  They are finally going to hold a successful National Meeting and we'll see announcements of the permanent ministers, power sharing and the Strategic Council appointments. We know this because they have told us not only have they halted all interrogation procedures, they have agree upon a new reform paper.  This is what the President and the Speaker have been calling for all along and all it took was asserting some pressure on the Prime Minister to make this happen.  As far as the RV, September to January is our window. That hasn't changed but we are getting very close now.  Keep the faith.

RICH QUEEN CHAT, 10 AUGUST


[Jeff] Rich Queen so what is your take on things lately?

[Rich Queen] Jeff Lots of major things behind the scenes have been chugging along. Things that have been waited upon for years. Looking good!!

[Rich Queen] I went to London about a month ago to perform with Nick Mason from Pink Floyd and my sister. I also recorded some new songs with my old writing partner. I have a single coming out any minute, too. One of my previous hits - a remake featuring Boy George called "Can You Feel The Passion". Fun stuff!!

[Jeff] Rich Queen I have a very dear friend who is a bank leader I will leave it at that, I told him I purchased Dinar notes several years back and he asked me oh about a month ago if I bought Greek notes as well (rolling eyes) yesterday he called me and told me he purchased Dinar

[Rich Queen] Jeff Smart man!

[Rich Queen] Two nights ago I sat in with Jeff Goldblum's jazz quintet. He is quite a talented pianist. Nice man.
[Jeff] Rich Queen what instrument does he play

[Rich Queen] Jeff He plays piano.

[..SweetQueen] WELL, WELL , WELL, IT'S ABOUT TIME.....WELCOME TO THE  CASTLE  RICH QUEEN.

[Rich Queen] ..SweetQueen Hola mi hermana!!

[..SweetQueen] Rich Queen GLAD TO SEE YOU HERE, MANY HAVE ASKED ABOUT YOU AND I HAVE KEPT THEM UP TO DATE.

[Rich Queen] ..SweetQueen Thank you!!

[presley] Rich Queen Been a long time...hope you are doing fantastic!!!

[Rich Queen] presley I am doing well - excited about my music projects

[Josey Wales] Rich Queen look what the cat drug in...    Had to stop and say hello.    Hope you are doing well RQ nice to see you in the castle.

[Rich Queen] Josey Wales Hey baby!!

[musiccitylady] Rich Queen wow! Hi! where have you been? Lots of concerts?

[Rich Queen] musiccitylady Yup!!

[Rich Queen] musiccitylady misskitty05 Thank you!! I had my computer stolen in Argentina last November, then the replacement got some cider spilled in in it the UK (wonder how that happened? LOL) and I had to replace the hard drive. I just got the proper Java upgrade so now I can come visit!!

[brotherj] Rich Queen did you bring the  RV  with you ?????

[Rich Queen] brotherj You never know . . . ;)

[mr_shoemake] Rich Queen Hi..   are u a country singer

[Rich Queen] mr_shoemake No. I sing dance/techno stuff, and also did backing vocals for Pink Floyd for years

[musiccitylady] Rich Queen It is just good to see you here again! Remember all those hours you used to put with us in chat?Gosh it seems like a century ago!   

[Rich Queen] musiccitylady I know, right?

[Josey Wales] Rich Queen I had a Java upgrade, but mine was the coffee  type spilled on my laptop lol.   stay well my dear

[Rich Queen] Josey Wales You too, hun!

[Rich Queen] Ok I just popped in for a minute - I'll be back later.

[Rich Queen]  Bye  everybody!!

FREEWAYBILL POST, 10 AUGUST

I know that all of us have waited a long time for this blessing and a lot of people are hanging on by a thread to their home and sanity over this.  The end is here, but there are steps being taken so that you don't get you blessing and then have it stolen away from you as fast as you get it.

IMF is working very tight with the top people in this to make sure that this is as secure as possible.  There is a lot of things going on behind the scenes that you don't know about to help us keep our money once we get it. 

Please be patient and this all will work out and we will have many years to enjoy our blessing and use it to help others that did not get the chance to be in it... 

GOD BLESS ALL OF YOU AND GOD BLESS THE USA! 

FREEWAY BILL

OKIEOILMAN POST, 10 AUGUST


[OKIE OIL MAN] AS EACH DAY WE ARE CLOSER AND CLOSER TO OUR DESTINATION AND ALL THE INTEL AVAILABLE STATES THAT WE ARE AS CLOSE AS WE CAN BE AND ANY MOMENT THIS BLESSING COULD OCCUR WE SEEM TO BE IN THE POSITION OF BEING IN THE RIGHT PLACE AT THE RIGHT TIME. ALL INDICATION'S ARE THAT THIS COULD AND WILL OCCUR INSTANTLY WITHOUT ANY FANFARE OR PRE-ANNOUNCEMENT'S.

 I AM VERY OPTIMISTIC HEARING THE INTEL THAT I HAVE BEEN TOLD THAT THIS IS SO. I KNOW THE ANTICIPATION EACH OF US IS FEELING AS I AM ALSO. WE SHOULD WAIT PATIENTLY FOR THE INEVITABLE FINISH UN-FOLDING. THERE ARE MANY RUMOR'S FLOATING AROUND ON THE INTERNET CHAT SITE'S AND AM AWARE THAT THE LARGEST PORTION OF THEM ARE UNFOUNDED AND UNTRUE. 

THE POST ANNOUNCEMENT ANNOUNCING THE FINISH OF THIS CURRENCY EXCHANGE WILL STILL BE POSTED HERE FIRST. ACTUALLY THERE HAS NOT BEEN DELAY'S. THERE ARE A MULTITUDE OF DIFFERENT PROGRAM'S EVEN THOUGH NOT RELATED TO THE CURRENCY EXCHANGE THAT HAS AND IS BEING INITIATED AT THE SAME TIME. 
THERE ARE OVER 70 DIFFERENT PROGRAM'S AS I UNDERSTAND IT THAT IS SET TO GO ALL AT THE SAME TIME. THE COMPLEXITY AND LOGISTICS OF PUTTING A MASSIVE UNDERTAKING TOGETHER SUCH AS HISTORY HAS NEVER SEEN HAS BEEN SO INVOLVED THAT WE CAN'T EVEN IMAGINE WHAT IT HAS AND IS TAKING TO INSTIGATE.

[..OKIEOILMAN]
EVERYONE PLEASE BE AWARE OF THE PUSH BEING EXERTED BY THOSE IN CONTROL TO HAVE THIS ACCOMPOLISHED. IT IS TO THEIR ADVANTAGE FOR THIS TO HAPPEN AS SOON AS HUMANLY POSSIBLE.

[..OKIEOILMAN]
I REPEAT--THERE ARE NO DELAY'S--ON THE CONTRARY--THINGS ARE MOVING AT THE SPEED OF LIGHT NOW AND IT SHOULD NOT TAKE LONG FOR THESE PROGRAM'S TO BE INITIATED.

Finance Committee Member: CBI tries uniqueness by its decisions without reference to the government and the House of Representatives and the law needs to be modified, 10 AUGUST


Finance Committee Member: CBI tries uniqueness by its decisions without reference to the government and the House of Representatives and the law needs to be modified

Dated: 8/10/2012 9:03:45 Friday
Baghdad (news) .. Accused member of the Finance Committee MP / National Alliance / Haitham al-Jubouri, the central bank by trying for the uniqueness of the decisions important for monetary policy of the country without consulting the government and the House of Representatives, calling to amend its law in terms consistent with the nature of the national economy.
Jubouri said (of the Agency news): The Iraqi Constitution provides in Article (103) in paragraph II that the central bank is an institution financially and administratively independent, but continued to control the House of Representatives and he must consult with the executive and legislative branches before making important decisions on fiscal policy and monetary of the country.
He went to say: that officials at the Central Bank trying uniqueness their decisions without reference to the government and the House of Representatives to express their opinion and consultation with them, which led to the existence of confusion is evident in the work of the Central as a matter of public auction for the sale of currency manipulation and fraud and the entry of mafias economic trying to control the market and not to activate the Anti-Money Laundering No. (93) all came as a result of the Bank’s policy Central unclear.
He pointed out: that the Central Bank Law No. (56) which was issued by the Coalition Provisional Authority after a year (2003) a lot of contradictions in some of the paragraphs of which go to the central bank body fully independent of Government and the Council of Representatives and the other paragraphs require Central Bank of coordination and consultation with the executive and legislative branches in the country before making decisions. He continued, making an urgent need to amend the law in terms consistent with the nature of the economy and fiscal policy of the country.
http://bit.ly/MmyXtZ

Parliament warns of trying to prejudice the independence of the Central Bank, 10 AUGUST


Parliament warns of trying to prejudice the independence of the Central Bank

On: Friday 8/10/2012 7:04
Temporary Parliamentary Committee called to follow up the decisions and recommendations of the independent bodies who accuse the Central Bank of the smuggling of Iraqi funds to support terrorist operations and to submit their documents in this regard does not permit in the media, warning about it at the same time of trying to prejudice the independence of the Central Bank
And see this as a violation of articles 106 and following of the Constitution, according to a statement issued on Thursday. The statement said that “the committee warns of trying to prejudice the independence of the central bank, and see this as a violation of articles 106 and following of the Constitution, which will be devastating consequences,” adding that “targeting will lead to damage to the Iraqi economy and the purchasing power of money and even international reputation.”
The committee called “the House of Representatives to defend the independence of the central bank and not be allowed to waive it, and there was a necessity to investigate and accounting should be paid by the House of Representatives and in the framework of his own constitutional powers through the formation of an investigative committee.
The Committee followed in its statement that “some people trying to exploit the opportunity to reform, to create a new crisis, the purpose of compromising the independence of independent bodies in general and the Central Bank in particular, through charges of smuggling money and money laundering to support terrorist operations,” noting boiled “This accusation is very serious and that it is true or there is evidence that his health should not be said in the media, but requires the competent investigative news agencies for investigation secret and the highest degree of attention does not hold press conferences. “
The Commission added that “the central bank is independent and subject only to the control of the House of Representatives that the Council Brkabth expensive and the defense of its independence as well.”
The members of the influential in the State of Law coalition led by Prime Minister Nuri al-Maliki had earlier accused the Central Bank of smuggling money out of Iraq to support terrorist operations threatening Shabibi Bank President to dismiss. For his part, called the Central Bank yesterday, Thursday, the Iraqi government to return to the central system in the absence of absorption potential in the market economy, pointing out that he was able to finance the trade of the Iraqi private sector over the past years.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, that “there is no political or economic Iraqis can know the philosophy of the Iraqi economy in terms of the system that is adopted, decentralized or free,” and urged the government to “return to the central system in If you do not understand the philosophy of a free economy. “
Saleh added that “the state must choose between returning to the central system for foreign trade financing to the private sector, through the federal budget by government banks with Hiemn economic freedom, or faith Ballbralah Economic brought by the Bank Act after 2003 and the law of banks and companies and the freedom of foreign exchange.” Saleh pointed out that “the Bank was able to trade finance for the private sector by the Iraqi auction conducted by the Bank successfully every day,” and wondered about “the ability of the Iraqi budget, which increased to 2012 from 470 billion dollars for the conduct of economic Oahtnumeih.”
He was a member of the Finance Committee in the House of Representatives accused Jubouri Haitham influential political figures in the Central Bank of smuggling $ 10 million a day to finance terrorism, noting that about 220 billion smuggled out of Iraq since 2003.
By another member of the Finance Committee announced that the parliamentary bloc Lahrarmagdh Tamimi, “that its Committee will host a number of Ministers to reduce the phenomenon of money laundering.” She said in a press statement, “The Finance Committee plans to host the Minister of Finance and Planning, Commerce and Health and the Governor of the Central Bank to control the entry of goods random process of Iraq.”
It said al-Tamimi said its committee hosted the Director General of the Anti-Money Laundering in the Central Bank and general manager of currency auction Hazem al-Ani, saying, “The Finance Committee discussed several topics basic and most important subject of the mafia in control of the currency auction, which earns each of them about 5 million dollars a day has also been discussion of the procedures taken to reduce money laundering. “
She noted, “that the share of banks daily currency auction and the mechanism used in determining these shares are very weak.” Tamimi explained that the request is to host the ministers concerned to discuss the coordination mechanism to control the entry of goods to Iraq, it is found that there is something wrong in a very large random import operations that have a significant impact on the Iraqi state. “
For his part, said the legal expert Tareq Harb comment on the charges for crimes of money laundering and the sale of the dollar, that the system of Iraqi law, decided the provisions of many believes in combating these crimes and Mhaddtha (reduction) by giving the central bank wide powers and the powers of vast in the control, supervision and follow-up and punishment.
He said the war in clarifying the received long as he committed all financial institutions including banks implementation as determined by the central bank and what is the decision of the legal rules and stay with her news events for any financial activity suspicious for money laundering or the financing of crime, or to use the money for the benefit of criminal organizations and transactions contrived and fictitious for the purpose of avoiding legal requirements and noted that the law has decided to severe punishments for these financial institutions as a penalty to withdraw permission (cancellation of leave) for financial institutions and the imposition of criminal penalties and financial sanctions, and this is clear from the three legislations related to this subject is Law No. 56 of 2004 Central Bank Law, Law No. 93 of 2004 law against money laundering and Law No. 94 of 2004 Banking Act.
He said that this legislation has established a special office to combat money laundering at the Central Bank to report on cases of money laundering and was granted immunity for both the reporting and other provisions but legal texts and practice the real thing is something else.
He said the war to be talking lot about money laundering in the media without disclosing some cases large, adding that the money laundering means that a law dealing with proceeds of financial Msthsalh from illegal activity, or deal with the proceeds of money arising out of legal activity for the purposes of illegal addition to the cases mentioned.
He was a member of the Finance Committee in the House of Representatives accused Jubouri Haitham influential political figures in the Central Bank of smuggling $ 10 million a day to finance terrorism, noting that about 220 billion smuggled out of Iraq since 2003.
http://bit.ly/P4Sdvv

CBI: There is no economic philosophy in Iraq; Urges government to choose to between market or central economy, 10 AUGUST


CBI: There is no economic philosophy in Iraq; Urges government to choose to between market or central economy

CBI calls for a return to the central government if you do not accommodate a market economy
Called on the Iraqi Central Bank, on Thursday, the Iraqi government to return to the central system in the absence of absorption potential in the market economy, pointing out that he was able to finance the trade of the Iraqi private sector over the past years.
The deputy governor of the Central Bank of the appearance of Mohammed in a press statement, “that” there is no political or economic Iraqis can know the philosophy of the Iraqi economy in terms of the system that is adopted, decentralized or free, “and urged the government to “return to the central system in the absence of absorption philosophy of a free economy. “
Saleh added that “the state must choose between returning to the central system for foreign trade financing to the private sector, through the federal budget by government banks with something of economic freedom, or faith Ballbralah Economic brought by the Bank Act and after the 2 003 law of banks and companies and the freedom of foreign exchange “.
Saleh pointed out that “the Bank was able to trade finance for the private sector by the Iraqi auction conducted by the Bank successfully every day,” and wondered about “the ability of the Iraqi budget, which increased to 2,012 from four hundred and seventy billion dollars for the conduct of any economic development. “
He accused a member of the Finance Committee in the House of Representatives on Wednesday, Haitham al-Jubouri (8 Tmosalhala), influential political figures in the central Bank of smuggling $ 10 million a day to finance terrorism, noting that about 220 billion smuggled out of Iraq since 2 003.
The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks, except for public holidays on which depends the World Bank for these auctions, and sales are either cash, or in the form of money orders sold out for a commission of certain.
It is noteworthy that Iraq has seven banks owned by the state and private twenty-three banks, eight Islamic banks in particular , according to the site’s central bank, while dominated by the banking sector, banks, Rafidain and Rasheed Aovernmaan, and are under way to restructure in order to pay off the debts that have accumulated after years of war and sanctions.
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Finance Committee: GOI supports deleting zeros, still fears lack of knowledge. Requires CBI to present pro’s and con’s, 10 AUGUST


Finance Committee: GOI supports deleting zeros, still fears lack of knowledge. Requires CBI to present pro’s and con’s

Paradise Financial outweigh the direct deletion of zeros through July of next year
On: Friday 8/10/2012 6:08
Suggested that the parliamentary Finance Committee is the direct deletion of zeros and currency exchange during the month of July of next year, as shown, the central bank removed the fears of all, it confirmed that the government will support this project after providing Baijayate (pros) and cons.
A member of the Committee Haitham al-Jubouri in a press statement that “the Finance Committee supports the project to delete the zeros and currency exchange, and must be government involvement in this project as responsible for drawing up the financial policy of the country,” likely to “be direct this project during the month of July of next year 2013″ .
The Jubouri that “the central bank removed all fears of a changing of the currency, after warnings from the conduct of money laundering or increase the size of inflation,” noting that “the form of committees competent to control it.”
The Jubouri that “the Iraqi government did not object to the origin project, but objected to the lack of knowledge of this, “pointing out” that it will support the project after providing the positive aspects and negative aspects of the project. “
The Finance Committee of the House of Representatives have shown, in the July 13, 2012, support for the replacement of the existing currency, while a condition ready the central bank to move, confirmed that the bank needs another year to begin the process of replacement.
As announced, in (July 11, 2012), a willingness to clarify the reasons for hesitation Council of Ministers on currency exchange, although the central bank confirmed its ability to that of the occurrence of fraud affecting the national economy.
and announced by the Finance Committee’s parliamentary Najiba Najib in (the third of July, 2012), that the budget next year, 2013, will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Central Bank of the project to delete the zeros.
with considered the Adviser to the Prime Minister for Economic Affairs Abdul Hussein Al-Anbuge, in (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of “mafias currency” is preparing to rig the trillions of dinars Iraq to replace them in the light of the upcoming changes.
It is noteworthy that some economists believe that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
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