Conscious / MP Sabah al-Saadi: in the absence of approving the budget, the government would resort to exchange rate mechanism in the next week

HUH????????? I don't think they are talking dinar exchange rate??? <<----- CK said this

Conscious / MP Sabah al-Saadi: in the absence of approving the budget, the government would resort to exchange rate mechanism in the next week

واع/ بغداد/ع.خ Conscious / Baghdad / p. X

5/1/2010 5/1/2010 6:50pm 6:50 pm



The Attorney-Sabah al-Saadi on the mass of virtue that not approving the budget means to give the opportunity for the Government to find the exchange rate mechanism, especially in the twelfth of this month for the maintenance work of the ministries and government institutions.

Saadi said in a telephone conversation with (the Iraqi Media News Agency / conscious) that "the linkage between the law of the Federal budget for 2010 and the Electoral Code of Conduct is not just for the fact that the financial budget Aims to support the wheel of the state of Iraq in building, construction, investment, either the Electoral Code of Conduct which regulates the work of actors in the political, governmental mechanisms for the disbursement of state funds in order not to allow them to exploit the money for their campaigns. "

He added that "the Iraqi parliament work of great importance, namely the ratification of the federal budget for the continuity of work in government ministries, as we reflect on the end of the legislative term of life of the parliament completed the budget law and to ratify it."

As well as "completion of the electoral code of conduct because this law will determine the exchange rate mechanism, political entities so that there is not financial corruption by the state to finance election campaigns and also to stop Power of some parties at the expense of some of the entities participating in the upcoming parliamentary elections "

Adding "in the absence of ratification of the budget during these days Vstljo government to exchange rate mechanism, legal The effect on Jan. 12 With a view to continuing the performance of ministries and government institutions and service productivity. "

An agreement among most of the members of the European Economic Community to maintain relatively fixed currency rates by limiting movements of the currency to a narrow band of between plus/minus 2.25 percent from an agreed upon relationship between the values of the currencies. The ERM was effective in the early 1990s and since has been replaced by the euro.