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USN Listed on Hong Kong DBS Bank Currency Exchange Rate List

Currency Exchange Rate Last updated 2017-04-26 15:41:46 The information is indicative only and is provided solely for reference purposes.The...

Tuesday, April 4, 2017

"Immediate Implementation" - Tues. AM KTFA Thoughts/News

KTFA

TFI564 » April 4th, 2017


I was under the impression that the parliament was to vote on this today!! Does anyone know if this is on the agenda for today? This guy makes it sound like it has already been voted on and he wants it implemented immediately!! I'd be ok with immediate implementation .

Don961 » April 4th, 2017

Krkuk governor calls for the federal government to implement Article 140 of the Constitution "immediately"

KIRKUK - Iraq Press - April 3 / April: Student Kirkuk Governor Necmettin Karim, on Monday, the federal government to "immediately start the application of Article 140 and to full duties in this regard, as stated in the Federal Constitution.

Karim called his office according to a statement, the federal government and the House of Representatives to "uphold the principles of the Constitution and the need for the application of Article 140 concerning the future of Kirkuk, which the previous federal governments have neglected their application since 2005".

And it called on the federal government to "immediately start the application of Article 140 and to full duties in this regard, as stated in the Federal Constitution."

He noted that "Kirkuk's privacy is different from the other provinces of the Kurdistan region and that the Iraqi constitution has put mechanisms to solve their problems and should be adhered to apply."

The two main Kurdish parties in Iraq announced, on Sunday, refusing to take down the flag of Kurdistan from Kirkuk, and form a joint committee to prepare for a referendum on the independence of the province during the current year.

The two parties saw "that the Iraqi government has shirked since many years of the implementation of Article 140 of the Iraqi Constitution, so as to the right of the Iraqi government to have a flag in Kirkuk, it is the right of Kurdistan as well as raising the flag because the Constitution explicitly refers to Kirkuk and a number of other areas as disputed areas it, ie that for Kurdistan, the lifting of the flag of Kurdistan in Kirkuk legal and constitutional order ". Q ended

https://www.iraqpressagency.com/?p=238630

Samson » April 4th, 2017

Iran pressing ahead with plan to ditch dollar

Mon Apr 3, 2017 6:14PM



The Central Bank of Iran (CBI) says it is still working on a plan to reduce the role of the US dollar in its foreign exchange basket

A recent controversial decision by a Luxembourg court to endorse freezing Iran’s assets has once against brought a plan by Tehran to ditch the US dollar into the spotlight.

The Central Bank of Iran (CBI) in a statement emphasized that it was still trying to reduce the role of the US dollar in its foreign exchange basket – a policy that officials in Tehran had previously said would make the country immune to Washington’s pressures.

The CBI said this was part of an ambitious plan that had been devised after the intensification of US sanctions against the Islamic Republic.

“This policy is currently still being pursued with maximum care,” the bank added in its statement that was posted on its website.

The CBI further emphasized that removing the US dollar in both official statements as well as in the foreign exchange basket would reduce Iran’s risks to sanctions as well as the related international restrictions.

This, it added, would also result in significant economic and financial gains for the Islamic Republic, the bank added in its statement.

A judge at Luxembourg's district court last month ruled that 2016 verdict to freeze CBI assets in the country was legal.

What initiated the freezing of more than $1.6 billion of CBI assets was a legal bid by the US to seek compensation from Iran for the victims of 9/11 and their families over the country’s alleged role in the terror attacks.

The exterior of Clearance securities depository in Luxembourg where above $1.6 billion of Iran’s assets have been ordered to be frozen.

Washington claims that Iran helped the al-Qaeda terrorist group in conducting the attacks. Iran has repeatedly rejected the allegation and has also rejected US bid to seek compensations through freezing CBI assets in Europe as “completely unlawful”.

The CBI emphasized in its statement that it would appeal the ruling by Luxembourg's district court.

It also added that the ruling had affected dollar bonds that had been purchased between 1999 and 2007 but were already off-limits to Iran due to sanctions.

Nonetheless, it emphasized that the necessary measures should have been taken to transfer those assets to Iran before the intensification of the sanctions.

The CBI further added that the sanctions as well as rulings by US courts had created multiple layers of difficulties that had resulted in the freezing of Iran’s assets in several instances including the case in Luxembourg.

Yet, it said it was already working on a solution in cooperation with the Legal Department of the Presidential Office to retrieve its assets ordered frozen due to what it described as an “illegal” move by the US.

http://www.presstv.ir/Detail/2017/04/03/516617/Iran-pressing-ahead-with-plan-to-ditch-dollar-

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