Home
Monument and its sovereign
Does Iraq possess sovereign wealth funds?
Iraq does not have sovereign wealth funds, government revenue, two-thirds of its revenue into his salary and wages of dinar and one third of the foreign currency remains open it for the purpose of financing trade, such as the Ministry of Commerce to import ration, Ministry of electricity imports, the Ministry of health. And the rest goes to other budget, the remaining so-called sovereign wealth Fund is simple possible stabilization fund called evolve to protect the budget from fluctuations in oil prices and is part of sovereign wealth funds.
World Bank commends the draft reform of the banking sector in Iraq. What happened and what its impact on the economic situation in Iraq?
The International Monetary Fund and World Bank concerned with development the sector in Iraq, mean by financial markets, banks, Government or private, and the Iraq market for securities, as a secondary market for the capital market. The theme of praise, they sometimes express negative remarks on the performance of the banks, but this does not mean that the sector is evolving and not the level of ambition, and it is not reasonable that the banking and financial sector has not developed, the number of accounts increased and set up branches there, and then the private sector external trade funded and managed by why this trivialization? The banking sector is the only sector that runs and drives the market, despite all its shortcomings honestly is most active in the country there are flagrant and exaggerations by encroaching on the private banking sector, but this is not exempt from him some of the problems and abuses, it is on the right track with some irregularities but they are routing and processing through the accumulation of expertise and experience. Generally are selling and errors occur in all countries of the world and it's not disastrous banking sector has seen more liberal market transition in Iraq
The Central Bank of Iraq asadertalimat in the year 2012 that enables private banks to import foreign currency including USD, who owns the import right is right?
Yeah, right. Updated time banks experience applied because of the lack of b-cache why don't we import our existing world applications, especially for tourism purposes, in the Iraq Central Bank sells dollar cash unit however finished and published in the Iraqi Gazette help in the middle of last year allowing private banks after scrutiny by the State Council, import foreign currency reserves or assets out of Iraq, but with conditions and pass through the Monetary Authority, and scrutinizes and sold an action against Money laundering, there are instructions on the facts, join this work but the Bank is selling the dollar to banks.
Can you explain to us the difference between the concept of money laundering, smuggling of funds?
Iraq under the Convention on the International Monetary Fund and in accordance with resolution 1483, which demanded that Iraq return of normalcy to the International Monetary Fund and the World Bank Hrralhassab current balance of payments, which means the balance of goods and services and transfers from one end of any restrictions and the right of any individual to import whatever he wants and issued what he wants fromwithout any restrictions, so the Iraqi Central Bank canceled the circle of foreign exchange controls, and canceled all the instructions that restrict foreign remittances, created for that anti-money laundering department. It is your right to be converted for the purposes of claiming to be for trade, provided that such funds clean subject to Law No. 93 of 2004 the law against money laundering and funds crime and terrorism and established a department to combat money laundering within the central bank and founded a department to combat money laundering in banks and other outside banks, in security At the national Interior Ministry and Interpol .. Cooperate with each other to combat money laundering. Money laundering means there money is being handled at home or abroad, the money resulting from a crime such as money selling drugs or arms trading funds .. A broad and long series of other methods of money laundering.
The question here, is in Iraq to the Iraqi capital to invest abroad outside of national incubation Center, for example, can the investor that comes out $ 1 million to invest outside Iraq in Sudan or buy a factory in Somalia are allowed? This question is answered, does Iraq harrhasab a head money of the balance of payments or not edit it? There is no answer. So who wants to leave his money rely on import under the pretext of trade, and this behavior falls within the smuggling of funds. It swelled the list price that way evade.
In the general context of the Iraqi State and Constitution of the Iraqi economy is a market economy but in government departments and institutions is under a central economy permeated engaged in Iraqi economic identity?
The problems and foul up a large part of the Central thought of the directions we are clear in our economic policy, so weak economic identity. We are in fact living trouble part market. The Iraqi Government should consider two things, study the subject of the Iraqi capital, and a law to enter the Iraqi capital protection and a law governing the exit correctly and protected. It is OK if the Iraqi businessman to come out $ 1 million to build a factory, for example in Somalia under the auspices of the Government, and part of the profits tax is paid to the Iraqi Government, there is nothing wrong with so why demand entry of capital into Iraq, and don't allow the Iraqi capital invested abroad.
What type of interest derived from the investment in Iraq and protect capital?
This freedom paid Iraqi capital abroad, to come to Iraq, while reassuring capital freedom of entry and exit of capital which allows creating comfortable investment climate, but this current repressive economic climate in Iraq in such a way that full of fears, and presentations like that comes out of the capital will not return, then will not come to Iraq to capital as such laws anthelmintics capital, thus we have contributed over existing laws to expel capital.
Smuggling money abroad
There are funds coming out and what your comment?
This is true, but to say exaggerated, today money out through money laundering from criminal offences, we vigorously pursued these issues as well as international law is international cooperation in this area is limited, and may not be exaggerated.
Overall profit opportunity today is in Iraq, it is not logical to take out money from Iraq and betting opportunities are scarce and research about the benefits of a simple reach 1, you will starve to death, the question of any crazy out money from Iraq, leaving profit opportunities enormous Aikarf curve that does not have a semi-any country in the world where the commercial market is open and profit margins are enormous, generally those traders their money out and back, but they fear فيبقون part of their money in foreign banks, يتحوطون as تسكنهم some concerns, such as tomorrow there is no money stopped transfers and according to the unstable security situation, they do notreassured and this part a little of it while the bulk of $ 85 is an investor in the trade the 15 remaining are رجراجة, فالمسيحي who deserted from Iraq must escape his money to buy him a house there and this case applies to more than three million Iraqis migrated or abandonment of Iraq Those ofcertainly they have well and money properties .. How they described? How Iraqis lived in Syria after the change and the events of 2005 and 2006? Then there are transformations taking place across the Rafidain Bank for retirees.
According to the economic growth and the fulfilment of international obligations Iraq is it possible to classify Iraq credit?
Opportunity and possible entry into Iraq, and begins with the credit rating of bonds sold in the international market, as it can give a picture of the economic situation in Iraq which the creditworthiness of Iraq especially after graduation from Chapter VII and through credit rating can be obtained.
AZP02
[You must be registered and logged in to see this link.]
Does Iraq possess sovereign wealth funds?
Iraq does not have sovereign wealth funds, government revenue, two-thirds of its revenue into his salary and wages of dinar and one third of the foreign currency remains open it for the purpose of financing trade, such as the Ministry of Commerce to import ration, Ministry of electricity imports, the Ministry of health. And the rest goes to other budget, the remaining so-called sovereign wealth Fund is simple possible stabilization fund called evolve to protect the budget from fluctuations in oil prices and is part of sovereign wealth funds.
World Bank commends the draft reform of the banking sector in Iraq. What happened and what its impact on the economic situation in Iraq?
The International Monetary Fund and World Bank concerned with development the sector in Iraq, mean by financial markets, banks, Government or private, and the Iraq market for securities, as a secondary market for the capital market. The theme of praise, they sometimes express negative remarks on the performance of the banks, but this does not mean that the sector is evolving and not the level of ambition, and it is not reasonable that the banking and financial sector has not developed, the number of accounts increased and set up branches there, and then the private sector external trade funded and managed by why this trivialization? The banking sector is the only sector that runs and drives the market, despite all its shortcomings honestly is most active in the country there are flagrant and exaggerations by encroaching on the private banking sector, but this is not exempt from him some of the problems and abuses, it is on the right track with some irregularities but they are routing and processing through the accumulation of expertise and experience. Generally are selling and errors occur in all countries of the world and it's not disastrous banking sector has seen more liberal market transition in Iraq
The Central Bank of Iraq asadertalimat in the year 2012 that enables private banks to import foreign currency including USD, who owns the import right is right?
Yeah, right. Updated time banks experience applied because of the lack of b-cache why don't we import our existing world applications, especially for tourism purposes, in the Iraq Central Bank sells dollar cash unit however finished and published in the Iraqi Gazette help in the middle of last year allowing private banks after scrutiny by the State Council, import foreign currency reserves or assets out of Iraq, but with conditions and pass through the Monetary Authority, and scrutinizes and sold an action against Money laundering, there are instructions on the facts, join this work but the Bank is selling the dollar to banks.
Can you explain to us the difference between the concept of money laundering, smuggling of funds?
Iraq under the Convention on the International Monetary Fund and in accordance with resolution 1483, which demanded that Iraq return of normalcy to the International Monetary Fund and the World Bank Hrralhassab current balance of payments, which means the balance of goods and services and transfers from one end of any restrictions and the right of any individual to import whatever he wants and issued what he wants fromwithout any restrictions, so the Iraqi Central Bank canceled the circle of foreign exchange controls, and canceled all the instructions that restrict foreign remittances, created for that anti-money laundering department. It is your right to be converted for the purposes of claiming to be for trade, provided that such funds clean subject to Law No. 93 of 2004 the law against money laundering and funds crime and terrorism and established a department to combat money laundering within the central bank and founded a department to combat money laundering in banks and other outside banks, in security At the national Interior Ministry and Interpol .. Cooperate with each other to combat money laundering. Money laundering means there money is being handled at home or abroad, the money resulting from a crime such as money selling drugs or arms trading funds .. A broad and long series of other methods of money laundering.
The question here, is in Iraq to the Iraqi capital to invest abroad outside of national incubation Center, for example, can the investor that comes out $ 1 million to invest outside Iraq in Sudan or buy a factory in Somalia are allowed? This question is answered, does Iraq harrhasab a head money of the balance of payments or not edit it? There is no answer. So who wants to leave his money rely on import under the pretext of trade, and this behavior falls within the smuggling of funds. It swelled the list price that way evade.
In the general context of the Iraqi State and Constitution of the Iraqi economy is a market economy but in government departments and institutions is under a central economy permeated engaged in Iraqi economic identity?
The problems and foul up a large part of the Central thought of the directions we are clear in our economic policy, so weak economic identity. We are in fact living trouble part market. The Iraqi Government should consider two things, study the subject of the Iraqi capital, and a law to enter the Iraqi capital protection and a law governing the exit correctly and protected. It is OK if the Iraqi businessman to come out $ 1 million to build a factory, for example in Somalia under the auspices of the Government, and part of the profits tax is paid to the Iraqi Government, there is nothing wrong with so why demand entry of capital into Iraq, and don't allow the Iraqi capital invested abroad.
What type of interest derived from the investment in Iraq and protect capital?
This freedom paid Iraqi capital abroad, to come to Iraq, while reassuring capital freedom of entry and exit of capital which allows creating comfortable investment climate, but this current repressive economic climate in Iraq in such a way that full of fears, and presentations like that comes out of the capital will not return, then will not come to Iraq to capital as such laws anthelmintics capital, thus we have contributed over existing laws to expel capital.
Smuggling money abroad
There are funds coming out and what your comment?
This is true, but to say exaggerated, today money out through money laundering from criminal offences, we vigorously pursued these issues as well as international law is international cooperation in this area is limited, and may not be exaggerated.
Overall profit opportunity today is in Iraq, it is not logical to take out money from Iraq and betting opportunities are scarce and research about the benefits of a simple reach 1, you will starve to death, the question of any crazy out money from Iraq, leaving profit opportunities enormous Aikarf curve that does not have a semi-any country in the world where the commercial market is open and profit margins are enormous, generally those traders their money out and back, but they fear فيبقون part of their money in foreign banks, يتحوطون as تسكنهم some concerns, such as tomorrow there is no money stopped transfers and according to the unstable security situation, they do notreassured and this part a little of it while the bulk of $ 85 is an investor in the trade the 15 remaining are رجراجة, فالمسيحي who deserted from Iraq must escape his money to buy him a house there and this case applies to more than three million Iraqis migrated or abandonment of Iraq Those ofcertainly they have well and money properties .. How they described? How Iraqis lived in Syria after the change and the events of 2005 and 2006? Then there are transformations taking place across the Rafidain Bank for retirees.
According to the economic growth and the fulfilment of international obligations Iraq is it possible to classify Iraq credit?
Opportunity and possible entry into Iraq, and begins with the credit rating of bonds sold in the international market, as it can give a picture of the economic situation in Iraq which the creditworthiness of Iraq especially after graduation from Chapter VII and through credit rating can be obtained.
AZP02
[You must be registered and logged in to see this link.]
» The Iraqi Stock Exchange closed down by 4.76%
» The Agricultural Bank announces the activation of the MasterCard deposit service
» The Minister of Transport reveals his discussions with the region’s delegation regarding the path to
» The Prime Minister's Office determines the mechanism for regulating the work of generators
» Al-Sudani confirms the government’s keenness to improve the living conditions of citizens in the Kur
» Finance clarifies the choice of Ernst & Young to review its data
» The Sudanese and the Azerbaijani ambassador discuss holding the third session of the joint bilateral
» Petroleum products set the date for ending cash circulation at fuel filling stations
» Corruption in contracts swallows up millions of dollars...and questions about the mechanism of myste
» Two people who traded in unregistered SIM cards were overthrown, and this is the outcome of the blac
» Happy Birthday jbowhunter
» Monday window.. The Central Bank’s dollar sales decrease by 8% compared to yesterday
» Parliamentary Finance: No deficit in the two budgets for the next two years and larger allocations a
» A parliamentary committee confirms the government's seriousness in reviving alternative energy
» An economic expert identifies a number of treatments for the parallel market dollar
» Al-Halbousi is under investigation on charges of collaborating with the Zionist entity
» Parliamentary accusations against America of standing against the Belt and Road Initiative
» Parliamentary Integrity forms a committee to follow up on the dollar file
» Parliamentary calls to put pressure on Türkiye economically to force it to release water quotas
» A political movement demanding a response to the American and Zionist massacres
» The coordination committee meets to discuss a “Sunni” alternative to Al-Halbousi
» Foreign dollar transfers increased by 87% in the Iraqi currency auction
» “Sulaimaniyah Room Girl”: The doors of trade will open to the women of Kurdistan
» Martyrs Foundation: A vertical residential complex in Baghdad for the Foundation’s beneficiaries
» Iraq is the second largest importer of Iranian goods within 8 months
» Ports: Berths 1 and 2 at Al-Faw Port will enter service by the end of 2025
» Resources are preparing a plan to construct 6 dams in the coming years
» Minister of Construction: The government is working to prepare a civilized design for both sides of
» Planning identifies 6 government measures that contributed to the decline in poverty rates
» Difficulties facing water collection plans in Iraq... and optimism about the agricultural season
» Finance returns general managers to their positions and positions
» Electricity: Turkmen gas will meet the needs of 6 stations by 100 percent
» {Bilateral Defense} is the focus of the Iraqi-Iranian talks
» Najaf is building low-cost homes for people with limited income
» {Half a century} to complete the work of the Article 140 Committee
» No deficit in next year's budget
» Al-Shuhada: a vertical residential complex in Baghdad
» Al-Sudani: Low levels of poverty in Iraq
» Experts: Boycotting elections does not take away their legitimacy
» Employees demand that the federal government hand over their salaries through its banks in Kurdistan
» Lawmakers: Some laws need to be amended
» Israeli newspaper: Al-Sudani warned Blinken of the consequences of targeting factions in Iraq and vi
» Electing a new Speaker of Parliament at the political negotiating table.. The coordination framework
» The President of the Republic: Iraq lost a third of the country due to terrorism, and the war in Gaz
» A person close to the movement explains why Al-Sadr resorts to religious rather than political disco
» Framework leaders discuss the names of candidates for presidency of the House of Representatives
» Al-Barti is dissatisfied with Baghdad's "renunciation" of a previous agreement: Armed groups create
» Parliament Finance is “optimistic” about government bank measures: We do not have accurate numbers f
» Al-Rafidain launches social protection salaries
» For the first time since May 2022.. “Bitcoin” exceeds the $40,000 barrier
» A new rise in dollar prices in Iraq
» American Studies Center: Iraq's growth and stability in adapting to climate change
» More violent attacks after the truce.. Iraq’s 2024 forecast: American forces will remain and the fac
» Entry into force of the Retirement and Social Security Law
» Al-Sudani agrees to launch the return to school initiative
» Al-Mandalawi stresses the necessity of activating the joint agreements between Iraq and Iran
» Parliamentary Finance: There is no deficit in next year’s budget
» The Iraqi President: The crisis is over, Baghdad is safe, and the dryness of the marshes is caused b
» Parliamentary Agriculture: The necessity of using the economic card against Turkey to force it to re
» Government efforts to pass the People with Disabilities Law in the next cabinet session
» The President of the Republic: Iraq has resolved its problems with neighboring countries and is play
» Government expectations: 48 million people in Iraq in 2028
» The 2023 budget loses its “explosive” character: the year will end with only 58% of it being spent
» Saudi Arabia advises avoiding travel to Iraq due to the spread of two “infectious diseases”
» Border crossings: The government took decisions to control revenues and transfers
» Jokes
» Just a few short jokes.
» Federal Prime Minister: The Retirement and Social Security Law comes into effect
» Reducing the “Iraqi Food Basket” plan to only 15%
» United Nations: 6 million Iraqis suffer from some form of disability
» China announces an increase in the volume of trade exchange with Iraq
» utube 12/03/23 Al_Sudani Take Action About IQD / Iraqi Dinar News Today / currency exchange
» utube 12/03/23 Iraqi Dinar Finally 5 December Is Day Of Revaluation-Iraqi Dinar News Today - Rv Up
» utube 12/03/23 Iraqi dinar Iraqi dinar Al Sudani Signs shift to money related power Iraqi Dina
» Those who do not carry cash may be embarrassed by “malfunctions”.. How will Oil Oil overcome the obs
» Militia Man & Crew Top 10 Best Forex Brokers in iraq 2024
» After Iraq refused to attack its territory.. Will Washington inform Baghdad of its upcoming strikes?
» The Ministry of Oil talks about the goal of Iraq’s participation in the COP28 conference and plans t
» The Minister of Industry announces reaching agreements and understandings to establish partnerships
» Entering a commodity-for-gas swap agreement between Iraq and Iran
» Iraq calls for an emergency session of Arab parliaments to stop the genocide of the Palestinian peop
» State of Law: America tampered with the file of depositing money from the sale of Iraqi oil
» Progress reveals the transfer of the “al-Halbousi replacement” file until after the local elections
» The Foreign Ministry explains the reason for suspending the ambassadors file: half of them are party
» “It revealed the establishment of a new company.” A parliamentary committee stresses the importance
» Determine the date of launching the agricultural card
» Finance begins financing retirees’ salaries for the month of December
» Reconstruction: Measures to prevent the areas adjacent to the Dora-Youssefiya road from turning into
» Oil announces the formation of a team specialized in carbon reduction projects
» The date of “cancellation of cash” and the reality of the additional fees.. New details about electr
» “Do not listen to traffickers.” The Minister of Reconstruction reveals a proactive government step s
» Obstacles to adopting the “dinar-toman” in trade exchange.. What does Tehran do with the accumulated
» Al-Sudani: The salary of guaranteed workers will be 500 thousand dinars as their minimum
» An Iraqi bank announces financing small and medium projects with Dutch support
» +A -A Baghdad - IQ An Iraqi bank finances youth projects at the initiative of the Int
» Al-Sudani Advisor: Industrial competitiveness in Iraq is the weakest among other countries
» Retirement Authority: The procedures for calculating salaries for the month of 12 have ended and the
» A director at the Ministry of Electricity faces recruitment for exceeding his financial powers and s