[You must be registered and logged in to see this image.]
In 30 years our dependence on oil will drop to 15%
Baghdad / Fadia Al-Jawari
[You must be registered and logged in to see this link.]
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.
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.
[You must be registered and logged in to see this link.]
Today at 10:23 am by Rocky
» Intensive US movements on the Iraqi-Syrian border.. Where is the situation heading? - Urgent
Today at 10:20 am by Rocky
» Iraqi Minister of Water Resources speaks to Al Jazeera Net about solutions to the water crisis
Today at 10:15 am by Rocky
» utube MM&C 9/26/24 Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Related-Elect
Today at 8:44 am by Rocky
» utube 9/28/24 MM&C IQD Update News -Iraq PM - $83 Billion 3 Years - Stability - Global Contracts -
Today at 8:43 am by Rocky
» Iraqi Foreign Ministry: Expanding the scope of war in the region leads to serious consequences
Today at 5:16 am by Rocky
» /Information/ reveals the location of the Rafidain Bank robbers in Ramadi
Today at 5:15 am by Rocky
» Al-Sudani Office for /Al-Maalouma/: Foreign workers threaten graduates
Today at 5:14 am by Rocky
» Foreign Minister invites his Venezuelan counterpart to visit Baghdad
Today at 5:12 am by Rocky
» "Government" real estate loans with amounts up to 150 million dinars.. Conditions and details
Today at 5:10 am by Rocky
» Setting a date to launch 102 investment opportunities in Iraq
Today at 5:07 am by Rocky
» Bitcoin Set to Post Best September Ever on Rate Cut
Today at 5:06 am by Rocky
» What is the truth about the existence of a naval embargo imposed on Iraq?
Today at 5:04 am by Rocky
» More than $70 million in Iraqi imports of Indian tea
Today at 5:03 am by Rocky
» Oil price decline: Impact hits new groups in Iraq
Today at 5:02 am by Rocky
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
Today at 5:00 am by Rocky
» Al-Hakim: Investing in tourism as one of the sources of financial revenues for the state
Today at 4:59 am by Rocky
» From Najaf Al-Ashraf.. The Minister of Labor announces the completion of the procedures for issuing
Today at 4:58 am by Rocky
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
Today at 4:56 am by Rocky
» 19,000 dinars difference from the official price.. The dollar falls slightly in Baghdad
Today at 4:52 am by Rocky
» Al-Asadi: We call on citizens to invest in the retirement and social security law
Today at 4:51 am by Rocky
» “Worth $4 billion”: Iran exports engineering services to Iraq
Today at 4:48 am by Rocky
» US, Iraq agree to end 'alliance' in September 2025
Today at 4:46 am by Rocky
» New tax will push house prices up, Iraq's real estate market into recession
Today at 4:45 am by Rocky
» It is black and includes Iraq.. Netanyahu waves the “curse map” before the United Nations
Today at 4:43 am by Rocky
» “The wiretapping scandal” complicates the political scene.. The second term is far from Al-Sudani
Today at 4:42 am by Rocky
» Suspicions surround hospital projects.. Is corruption hindering the Chinese agreement in Iraq?
Today at 4:41 am by Rocky
» Statement issued by the media office of Dr. Iyad Allawi
Today at 4:39 am by Rocky
» Faeq Zidane: The jurisdiction of law and judiciary is a constitutional and legal jurisdiction
Today at 4:37 am by Rocky
» Sudanese arrives in Baghdad
Today at 4:36 am by Rocky
» Planning: Completion of 70% of inventory and numbering work in Kirkuk
Today at 4:34 am by Rocky
» Rafidain Bank announces granting real estate loans to three categories
Today at 4:33 am by Rocky
» Dollar price today
Today at 4:32 am by Rocky
» Netanyahu enters with maps and attendees leave the General Assembly session.. What did he mention Ir
Today at 4:29 am by Rocky
» The historic agreement on international withdrawal... a turning point in the path of Iraqi sovereign
Today at 4:27 am by Rocky
» Includes citizens, employees and retirees.. A real estate loan from Rafidain worth 150 million dinar
Today at 4:24 am by Rocky
» Does it include an American withdrawal? Two important indications in the statement "ending the missi
Today at 4:22 am by Rocky
» Dollar exchange rates drop in Iraqi stock exchanges
Today at 4:21 am by Rocky
» Will the drop in oil affect only employees' salaries or all segments of society?
Today at 4:19 am by Rocky
» North Carolina removes 747,000 from voter rolls
Yesterday at 5:03 pm by Bama Diva
» The full extent of the Biden-Harris criminal alien invasion REVEALED
Yesterday at 4:32 pm by Bama Diva
» utube 9/24/24 MM&C Iraqi Dinar News-IRAQ-INTERNATIONALISM NY-2023 to 2029 Road Map - Social- Finan
Yesterday at 7:17 am by Rocky
» Hanoun calls for benefiting from the Chinese economic experience and linking the Silk Road between t
Yesterday at 7:12 am by Rocky
» Gulf-American statement directs a strict request to Iraq
Yesterday at 7:10 am by Rocky
» Conflict escalates in the Middle East, warning of Iraq slipping deeper into confrontation
Yesterday at 7:08 am by Rocky
» EU 'concerned' over increasing executions in Iraq
Yesterday at 7:05 am by Rocky
» Mustafa Sand: The judiciary has proven the “wiretapping” issue, and Al-Sudani’s brother is involved
Yesterday at 7:04 am by Rocky
» Parliamentary Committee Talks in Numbers About Iraq’s Water Crisis with Türkiye and Proposes a Solut
Yesterday at 7:01 am by Rocky
» Why did the Central Bank hesitate to implement the measures taken against Iraqi private banks?
Yesterday at 7:00 am by Rocky
» US State Department: Announcement of agreement on the future of the international coalition from Ira
Yesterday at 6:58 am by Rocky
» Housing Crisis in Iraq: “Ambitious” Government Plans and Fears of Monopoly
Yesterday at 6:55 am by Rocky
» Will privatization save Iraq's economy or open the door to corruption?
Yesterday at 6:52 am by Rocky
» Parliament: Agreement with the regional government to review its oil contracts to adapt them constit
Yesterday at 6:51 am by Rocky
» Interior Minister: Iraq is free of drug factories
Yesterday at 6:50 am by Rocky
» Anbar Alliance: Halbousi clings to power because he fears opening major files against him
Yesterday at 6:48 am by Rocky
» Rising prices of oil derivatives in Kurdistan.. reasons and goals
Yesterday at 6:46 am by Rocky
» Economist calls on the government to resort to tax exemption
Yesterday at 6:45 am by Rocky
» Iraqi Oil Company for Investment and Pricing of Raw Gas Produced
Yesterday at 6:44 am by Rocky
» Increase in activity at Mandali border crossing during the current year
Yesterday at 6:43 am by Rocky
» MP: New cities map will include eight governorates next year
Yesterday at 6:42 am by Rocky
» The Ministry of Finance confirms that the employee is entitled to university service allowances whil
Yesterday at 5:15 am by Rocky
» Media Commission and Starlink discuss cooperation prospects to provide internet services in Iraq
Yesterday at 5:13 am by Rocky
» Prime Minister: Iraq is witnessing an urban and economic renaissance and revitalization of the indus
Yesterday at 5:12 am by Rocky
» Kurdistan Finance announces the results of its delegation's recent visit to Baghdad
Yesterday at 5:11 am by Rocky
» "We will guarantee your rights".. A specialized committee reassures the drilling company's cadres af
Yesterday at 5:10 am by Rocky
» Iraq discusses cooperation with SpaceX to provide internet services
Yesterday at 5:09 am by Rocky
» Among them are young people.. the most prominent groups included in the distribution of housing unit
Yesterday at 5:08 am by Rocky
» Labor announces the direct transfer of 12 thousand beneficiaries to contracts in the Ministry of Int
Yesterday at 5:07 am by Rocky
» Al-Samarrai praises Al-Sudani’s speech before the United Nations: It is worthy of Iraq, its history
Yesterday at 5:04 am by Rocky
» Iraqi expert raises the principle of "no return" in Lebanon: We are facing the hypocrisy of the larg
Yesterday at 5:02 am by Rocky
» New tax will push house prices up, Iraq's real estate market into recession
Yesterday at 5:00 am by Rocky
» Iraqi oil returns to the red zone, affected by the collective decline in prices
Yesterday at 4:59 am by Rocky
» “Iraq at a Crossroads”… Will Climate Change Become an Opportunity for Innovation and Sustainability?
Yesterday at 4:57 am by Rocky
» Masrour Barzani to Parliamentary Finance: Halting oil exports caused Iraq to lose $19 billion
Yesterday at 4:55 am by Rocky
» 1291 projects stuck in Iraq.. achievements on paper and ruins on the ground!
Yesterday at 4:53 am by Rocky
» Violated Childhood.. Iraq suffers from the absence of law and the continuation of the cycle of viole
Yesterday at 4:52 am by Rocky
» Chinese Ambassador: We are determined to provide support to Iraq regarding armament and developing m
Yesterday at 4:50 am by Rocky
» Activating electronic services in the presidencies of the courts of appeal
Yesterday at 4:49 am by Rocky
» Trump threatens to turn Iran's largest cities into rubble.. Iraqi expert explains
Yesterday at 4:47 am by Rocky
» Parliamentary Finance Delegation Visits Kurdistan.. Salaries, Oil and Ports Files on the Table of Ba
Yesterday at 4:46 am by Rocky
» Iraqi bank achieves “achievement” in electronic transactions
Yesterday at 4:44 am by Rocky
» State of Law: The coming days are fateful for America and its interests in the region
Yesterday at 4:35 am by Rocky
» Iraq announces sending 75 tons of medical aid to Lebanon by air
Yesterday at 4:34 am by Rocky
» Economist reveals reasons for the return of the dollar's rise in Iraq
Yesterday at 4:33 am by Rocky
» Conflict escalates in the Middle East, warning of Iraq slipping deeper into confrontation
Yesterday at 4:31 am by Rocky
» Labor announces the direct transfer of 12 thousand beneficiaries to contracts in the Ministry of Int
Yesterday at 4:29 am by Rocky
» Faeq Zidane: The jurisdiction of law and judiciary is a constitutional and legal jurisdiction
Yesterday at 4:27 am by Rocky
» Iraq signs with Jordan the second amendment to the electricity sales contract
Yesterday at 4:26 am by Rocky
» US-Gulf meeting stresses importance of Iraq's respect for Kuwait's sovereignty
Yesterday at 4:24 am by Rocky
» New information about "the arrival of 40,000 Iraqi and Yemeni fighters to the Golan"... and Assad is
Yesterday at 4:21 am by Rocky
» 71,000 barrels per day.. Iraqi oil exports decreased last month
Yesterday at 4:20 am by Rocky
» Does the “Right to Information” Law restrict freedoms? Why weren’t journalists involved in its formu
Yesterday at 4:18 am by Rocky
» Zidane: The judiciary considers issues of a political nature imposed by the constitution and the law
Yesterday at 4:15 am by Rocky
» Engineers apply new tech to model deadly brain tumors
Thu 26 Sep 2024, 9:28 am by Bama Diva
» Iraqi banks cause citizens to “reluctantly” take out loans to purchase solar energy systems for home
Thu 26 Sep 2024, 5:11 am by Rocky
» What are the reasons behind the "weakness" of imports of goods from Iraq?
Thu 26 Sep 2024, 5:09 am by Rocky
» Iran announces exporting $4 billion worth of technical engineering services to Iraq
Thu 26 Sep 2024, 5:07 am by Rocky
» Social Protection: Red tape hinders access to support, Ministry of Labor adopts new initiatives
Thu 26 Sep 2024, 5:03 am by Rocky
» Parliamentary Committee: There are people controlling investment in Iraq
Thu 26 Sep 2024, 5:01 am by Rocky