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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    In 30 years our dependence on oil will drop to 15%

    Rocky
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    In 30 years our dependence on oil will drop to 15% Empty In 30 years our dependence on oil will drop to 15%

    Post by Rocky Mon Dec 11, 2017 3:52 am

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    In 30 years our dependence on oil will drop to 15%


     Baghdad / Fadia Al-Jawari 

    The governor of the Central Bank of Iraq promised to establish a new phase of construction and investment in the country based on reducing the dependence on oil revenues in the next thirty years. In his speech, which opened the third annual conference of the bank, which was held in the last two days in Baghdad, "We will reduce the dependence on oil revenues to 15% after the next 30 years, and we will reduce the dependence on oil revenues to the next stage," he said. Aimed at strengthening the Iraqi economy over the long term. " 
    The conference was attended by financial, economic and academic figures and officials of government economic organizations and organizations concerned with the national economic affairs. 
    He stressed that the adoption of the country to export one article is "incorrect" and said, "The rules must be laid to build a sound economic way," and stressed that "a manifestation of the strength of economic management, is the balanced growth of economic sectors," revealing that "Iraq will witness The largest investment operations during the coming period, coupled with the provision of the appropriate environment. " 
    Alaq said that "the bank seeks to balance the sale of the dollar and maintain it," noting that "achieving the balance" in foreign currency is sufficient as in previous years there is no margin and area of ​​speculation and make a big profit.
    It is noteworthy that the Central Bank enjoys independence under its law of 6 March 2004, as one of the independent bodies, which is responsible for maintaining price stability and implementation of monetary policy, and oversees the 10 commercial banks and 26 banks and 16 Islamic banks, in addition to 19 foreign banks, 6 financial institutions and 31 financial transfer companies.
    For his part, Minister of Industry and Minerals, Mohamed Shiaa al-Sudani, called for supporting the labor market and reducing the poverty rate through cooperation between the industrial and agricultural sectors. He also stressed the need to address the problem of water shortage and its salinity. He said in his speech at the third annual conference of the Central Bank " Social and social strata, as affirmed by international standards, in the right to life and practical opportunities. "He also pointed out" the need for sustainable development in the agricultural sector. "The labor market must be supported and poverty reduced through job creation, Industrial sector With the agricultural sector, which begins closing the ports open and support the private sector, which is a real partner of the state. "
    The head of the parliamentary economic committee, Ahmad Kanani, that the relationship between the House of Representatives and the Central Bank has seen a remarkable development over the past years, noting: This development contributed to overcome the financial crisis that hit the country because of the drop in oil prices. 
    "The high coordination between the Central Bank and the House of Representatives led to the enactment of the law against money laundering and amending the law of the Central Bank and the Islamic banking law," Kanani said in his speech at the conference. 
    Kanani pointed out that "the convening of this conference in Baghdad is a success after it was held abroad and efforts are continuing to achieve financial stability." 
    In his turn, the head of the parliamentary finance committee, Mohamed Tamim, said that the independence of the Central Bank is a qualitative leap after bitter experiences led to the collapse of the economy, pointing out that the central bank has a great responsibility now is to maintain financial stability and foreign reserves.
    He added in his speech at the third annual conference of the Central Bank, which was held in Baghdad and attended by (the extent), that "the Finance Committee parliamentary support the role of the Central Bank in achieving financial stability and regulate the work of banks and combating money laundering and the elimination of inflation." 
    Tamim pointed out that "the House of Representatives monitors the work of the Central Bank to ensure that the deviation from its objectives and continue its work in achieving financial stability and balance," explaining that "the Finance Committee will work to support fiscal policy through appropriate legislation." 
    The conference included a presentation of papers discussing the fiscal policy and how to maintain financial stability.



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