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???

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. "



ت.و.خ T.. And. X

governmental mechanisms for the disbursement of state funds in order
not to allow them to exploit the money for their campaigns. "

OK that saying it's not exchange rate of dinar but money needing to keep projects going if the 2010 budget don't get passed.

finally found this article that talks about the projects that need money:

Conscious / Cabinet Astmrarabv on investment projects of the ministries

Conscious / Baghdad / h. B

5/1/2010 5:18pm
The Cabinet approved the continuation of ministries implementing the investment projects being waged on the drainage projects.

He said government spokesman Ali al-Dabbagh told state reporter (news agency, Iraqi Information / conscious) the approval of the exchange rate is within the period beginning on 31/1/2010 at the expense of the 2009 budget because of unforeseen and extraordinary Dharov that record spending on investment projects New Goodbye, and the decision of the Ministry of Finance to implement the foregoing.

definition...Exchange Rate Mechanism definition - finance (equally, Im sure it means the same thing here...)

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

The first article states: completion of the electoral code of conduct because this law will determine the exchange rate mechanism.....So lets look at what the Electoral Code of Conduct Law is that parliament is trying to pass right now.....this is one article I've found on it.

Al-Bayati: Linking Adoption of the General Budget Law Electoral Code of Conduct disregard for the interests of the people
Office of the Attorney Abbas al-Bayati
27/12/2009
MP Abbas al-Bayati of the United Iraqi Alliance bloc in parliament that
the draft electoral code of conduct contrary to the constitution in
most of the material, and the political motives behind the adoption of
this project, which aims to achieve the interests of certain blocks and
not limited in the interest of the political process but would
undermine an argument this process.
This came in a statement made by the Attorney-Bayati, a number of
satellite channels (Future TV Lebanon - Oman TV - the first Saudi
channel - and a canal - Egyptian television Tunisia).
He added that al-Bayati, Iraq's constitution does not give power to the
Presidency of the Republic to determine the authority of the Prime
Minister and the government under any circumstance or event, and make
the government that the conduct of business is contrary to the express
provisions of the Constitution and beyond, where it is a truism of
constitutional and legal well-known in the world that governments turn
to the conduct of work in the period between the end of the
constitutional term of the current government and form a new
government.
Al-Bayati stressed that insist on the adoption of the law would lead to
the freezing of the government, which will not suffer from the parties
to this government, but would freeze the people's interests and
restrict the government from providing services or engage in any
activity or making any decision for more than (8 months) if Is there
not more rational thinking is estimated Iraq's interest in restricting
the actions of the government so long?
Bayati noted that the draft electoral code of conduct gives the
political blocs have the right to intervene in the affairs of the
Electoral Commission through the formation of a committee of MPs and
others who belong to the political blocs have an interest in the
outcome of the elections, and take away the status and independence
from the Commission through the imposition of Qemomp and supervision of
them by the Commission non-constitutional problem of the parties not
related to the work of the Commission, either closely or from afar.
The MP al-Bayati, the attempt by some political groups linked to
approve the adoption of the electoral code of conduct for the country's
general budget for the year 2010, the position where it is unethical to
provide the narrow interests of these blocks on the interests of the
country and people, and this underestimation can not be accepted or
tolerated.
Bayati noted that the insistence on the adoption of a law is
unconstitutional in the council is a dangerous precedent and a clear
violation of the Constitution, which requires the House of
Representatives and the Federal Constitutional Court must bear the
responsibility to address this issue.
He stressed that the House would use the remainder of the legislative
term from time to pass laws benefit the Iraqis instead of entering into
this trap and tunnel. To conclude its legislative session, stating the
realization of good and improve the image of limping in the street
rather than the law reflects and deepens the political odds before the
upcoming elections and the strain atmosphere.
Encyclopedia of Mesopotamia, at 23:29 10 January 1431 (December 27, 2009)

The Independent High Electoral Commission (IHEC) of Iraq
International Electoral Assistance Team (IEAT)

Fact Sheet

Electoral Codes of Conduct
A Code of Conduct for a group or organization can be defined as an agreement on rules of behaviour for the members of that group or organization. In the electoral context, Codes of Conduct can contribute to fairness and to the appearance of fairness in the administration of an election. A Code, by definition, comprises a body of principles, intended to guide the behaviour of those participating in an election.

The Independent High Electoral Commission of Iraq (IHEC) considers honest, moral and ethical conduct and behaviour to be of the highest importance to all actors associated with the electoral process, beginning with the IHEC Board of Commissioners and all IHEC employees. As such, pursuant to the authority given in the law of the IHEC No. 11 of the year 2007, article 6, paragraph 4, a Code of Conduct was specifically created for the members of the Board of Commissioners. All IHEC employees, including polling staff, are also required to sign a Code of Conduct before beginning activities with the Commission.
In addition to adherence to internal Codes of Conduct, the IHEC has elaborated and embraces international standards for the external actors that interact with the IHEC and participate in the electoral process. The following organizations and groups must all adhere to established Codes of Conduct as embraced by the IHEC:

1. Political Entity Agents – The Political Entity Agents Code of Conduct is binding on the actions of the political entity, its leaders, candidates, members, and supporters. Every political entity must make every effort to ensure that its leaders, candidates, members, and supporters understand and abide by the Code of Conduct.

2. Domestic Observers – In addition to observation, Domestic Observers also record facts, receive impressions and report. The Code of Conduct is designed to allow observers to promote confidence in the electoral system overall and the right to observe all aspects of a national election

3. International Observers – The applicable Code of Conduct for International Election Observers was formulated by the United Nations in 2005. It can be found in its entirety at http://www.uniraq.org/electoral/IraqElections.asp. This document serves as the international standard to which the IHEC anticipates all international observation groups to uphold.

If any of the above groups (including the IHEC Board of Commissioners) is found in breach of a Code of Conduct, disciplinary action can be taken and the individual can be potentially removed from office. In the case of observers or party agents, the IHEC may remove accreditation privileges for that organization or entity and further prosecute the matter if found to be a breach of the Electoral Law.

Additional inquiries regarding the IHEC Codes of Conduct can be directed to the following email address: observers@ihec-iraq.com.

For further information please visit the IHEC website at www.ihec.iq or call the IHEC National Call Centre
on the following toll free numbers: Mobile 7777 or landlines 7432516, 7432518 and 7432519


So far none of this show it has anything to do with the Dinar exchange rate.

eh...i would have to say it DOES have to do with it...JMO however....definition is a definition. I havent seen any other definition.

I didnt list an opinion. I listed a definition

MamaEhrhardt wrote:definition...Exchange Rate Mechanism definition - finance (equally, Im sure it means the same thing here...)

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

How does this definition fit or explain this???

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 "

Definition (1)

1. Process by which member countries of an economic community (such as the European Union) maintain exchange rate parity among their currencies. The currencies are allowed to fluctuate with respect to one another within a specified limit. If the exchange rate between any two currencies reaches the limit, the central banks of both countries intervene to bring it back within the limit.



http://www.businessdictionary.com/de...anism-ERM.html:



"parity"



Definitions (3)

1. General: Equality or essential equivalence.


2. Data transmission: Odd or even state of a sum of binary digits, used as a basis of a method (called parity check) of detecting errors in asynchronous computer communications or storage.


3. Economics: Equality or constant relationship between buying power, prices, wages, and rate of exchange of a currency.





http://www.businessdictionary.com/de...on/parity.html

Because it adds an explanation as to why this article:

Conscious / Cabinet ... Astmrarabv on investment projects of the ministries -
Does not refer to the "mechanism" .. it simply states that
Quote:
the approval of the exchange rate is within the period beginning on 31/1/2010
Looks like the time period between the 12th and the 31stish.. is level up time?