May 10, 2011
Central Bank: the decision to drop the debt of Iraq is political, not financial
Expect an expert banker government off Iraq's debt to the States after the Persian Gulf to reach political agreements, stressing the ability of the Iraqi dinar against any war speculation in international and regional stock exchanges.
The appearance of Dr. Mohamed Saleh, adviser to the CBI's «home» that this debt out of debt of 13 countries, mostly Arab countries has not been dropped under the talks the Paris Club to drop the debts of Iraq during the Iran-Iraq war. He noted that the largest of these debts to Kuwait and Saudi Arabia, There are talks ongoing carried out by the Iraqi government and the participation of the Central Bank from time to time to extinguish the debt, but the solutions floating and sinking in a sea of political matters that encapsulate these discussions, he said.
He explained: The day will come down Arab countries, including Gulf states, the debt 100% . On the other hand, warned the benefit of the surprises of wars, the stock market and speculation at the Iraqi dinar, saying Iraq's ability to cope with a cash crisis, whether fabricated by speculation or as a financial crisis worldwide to support the stability of the Iraqi dinar. and said, For example, China put in the reserve accounts-General 3 trillions of dollars being wary of any global financial storm may be blowing in the economy, while Iraq had taken its currency by about $ 50 billion, and this amount in a line graph rising, the central bank makes monetary proud of his plans to protect and support the stability of exchange rate.
In a related context, Dr. appearance of a surplus year in the difference in the price of oil up each year to about $15 billion, and verify that surplus during the past four months from the export of Iraqi oil at about $ 8 billion, including open before the Iraqi government the possibility of requesting budget investment complementary and revealed the lifting of restrictions on bank transfers for up to 50 thousand dollars for the transfer without the requirement to provide a single tax return, and said: "The mission of the Department of the Central Bank the monetary side of the state and not constipation Palmthrbin tax despite the importance of the topic.
http://www.almowatennews.com/news_view_20506.html
Central Bank: the decision to drop the debt of Iraq is political, not financial
Expect an expert banker government off Iraq's debt to the States after the Persian Gulf to reach political agreements, stressing the ability of the Iraqi dinar against any war speculation in international and regional stock exchanges.
The appearance of Dr. Mohamed Saleh, adviser to the CBI's «home» that this debt out of debt of 13 countries, mostly Arab countries has not been dropped under the talks the Paris Club to drop the debts of Iraq during the Iran-Iraq war. He noted that the largest of these debts to Kuwait and Saudi Arabia, There are talks ongoing carried out by the Iraqi government and the participation of the Central Bank from time to time to extinguish the debt, but the solutions floating and sinking in a sea of political matters that encapsulate these discussions, he said.
He explained: The day will come down Arab countries, including Gulf states, the debt 100% . On the other hand, warned the benefit of the surprises of wars, the stock market and speculation at the Iraqi dinar, saying Iraq's ability to cope with a cash crisis, whether fabricated by speculation or as a financial crisis worldwide to support the stability of the Iraqi dinar. and said, For example, China put in the reserve accounts-General 3 trillions of dollars being wary of any global financial storm may be blowing in the economy, while Iraq had taken its currency by about $ 50 billion, and this amount in a line graph rising, the central bank makes monetary proud of his plans to protect and support the stability of exchange rate.
In a related context, Dr. appearance of a surplus year in the difference in the price of oil up each year to about $15 billion, and verify that surplus during the past four months from the export of Iraqi oil at about $ 8 billion, including open before the Iraqi government the possibility of requesting budget investment complementary and revealed the lifting of restrictions on bank transfers for up to 50 thousand dollars for the transfer without the requirement to provide a single tax return, and said: "The mission of the Department of the Central Bank the monetary side of the state and not constipation Palmthrbin tax despite the importance of the topic.
http://www.almowatennews.com/news_view_20506.html
