Iraq poses the single currency project on the Arab ministers of economy

MONEY




Iraq poses the single currency project on the Arab ministers of economy

27/03/2012 20:47

Baghdad, March 27 / March (Rn) - The Iraqi Ministry of Finance that it presented to the Ministers of Economy and Finance Forum project currency union between the Arab countries at the meeting held on Tuesday in Baghdad in the framework of the preparation of economic files to be presented to Arab leaders at their summit on Thursday.

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He said Finance Minister Rafie al-Issawi, told the Kurdish news agency (Rn) that "the Iraqi delegation to introduce a single currency at a meeting of Arab ministers of economy and the similarity of the euro to the European Union."

He explained that "this project, if implemented, will enhance the ability of Arab countries will address the economic and Mchkakl inflation, unemployment and economic slack that has plagued Iraq and a number of Arab countries."

He pointed out that "The meeting also discussed the obstacles to build a dry canal link between the Arab countries in addition to providing Iraq with 150 megawatts of electricity through the line of Eight."

The Iraqi Ministry of Trade and the Ministers of Economy and Finance Arabs voted Tuesday on three strategies related to the tourism and water security and disaster, revealing the presence of six Arab ministers at the meeting along with the Iraqi minister Khairallah Babiker, who chaired the meeting.

The meeting began this afternoon and discussed a draft agenda, in addition to follow up the implementation of the outcomes of the Summit of Arab economic and social development in its first session (Kuwait, 2009) and its second session (Sharm El Sheikh: 2011), and prepare for the Third Economic Summit in Riyadh, 2013.

The Assistant Secretary-General of the Arab League announced on Monday on the participation of some 12 Arab head of state at the Summit of Baghdad, which will discuss a number of Arab issues, especially the Syrian crisis and the developments of "Arab spring" the Palestinian cause as well as restructuring the Arab League.

And began the work of the summit amid an unprecedented security in Baghdad is the deployment of tens of thousands of security forces and the closure of main roads after the Iraqi government announced disable office hours during the week.

The Syrian file of the leading topics on the agenda of the summit after it suspended the Arab League on 12 November, the membership of Syria, one of the founding members, in their meetings, because of repression by the regime forces in the face of an unprecedented popular uprising.

The Arab League and participate effectively in the Syrian file, especially after naming former Secretary-General Kofi Annan's envoy to the joint United Nations and the University to discuss the deal with the crisis in Syria.

But the Arab League remains divided on this issue at a time when Qatar is seeking to stay on top of the Committee in charge of the file of Syria.





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