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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


    Central Bank Governor: Iraq's revenues go to build the economies of other countries

    Rocky
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    • Post n°1

    Central Bank Governor: Iraq's revenues go to build the economies of other countries Empty Central Bank Governor: Iraq's revenues go to build the economies of other countries

    Post by Rocky Tue 17 Sep 2019, 3:36 am

    [size=36]Central Bank Governor: Iraq's revenues go to build the economies of other countries[/size]

    Economy | 11:21 - 17/09/2019

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    BAGHDAD - Mawazine News
    The Governor of the Central Bank, on the relationship, Tuesday, that the size of Iraq's reserves of foreign currency exceeds international standards, indicating that Iraq's revenues go to build the economies of other countries.
    Al-Allaq said in a statement to Al-Sabah newspaper followed by (Mawazine News), that "our foreign currency reserves are comfortable and good and within international standards, but exceed the normative ratios, but according to the law is not to cover the deficit, but is a cover for the local currency," pointing out that "the government arrived To more than saturation, and that Iraq's revenues go to build the economies of other countries. "
    He added that "the strength of the exchange rate and the strength of the Iraqi dinar depends on this cover, so the process of linking the reserve and cover the deficit is improper, and the law of the Central Bank does not allow the reserve to be used to lend to the government directly or indirectly, but is to maintain the value of the dinar against the dollar ".
    As for the sagging government jobs among the relationship, "the government apparatus has reached more than saturation, and it does not add economic value, but that in its expenses is a great challenge to the public budget and reduces the resources that can go to occupy others and create more jobs through real projects." /s


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    • Post n°2

    Central Bank Governor: Iraq's revenues go to build the economies of other countries Empty The Central Bank participates in a workshop to support small and medium enterprises in Cairo

    Post by Rocky Tue 17 Sep 2019, 4:30 am

     The Central Bank participates in a workshop to support small and medium enterprises in Cairo

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    Economy News _ Baghdad
    The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, on Tuesday, participated in a high-level workshop in the Egyptian capital, Cairo, to support and finance small and medium enterprises in Arab countries, organized by the Central Bank of Egypt in cooperation with the Arab Monetary Fund.
    He stressed the relationship in his speech during the workshop, according to a statement received by the Bank, "Economy News", the initiative of the Central Bank of Iraq for small and medium enterprises through various Iraqi banks through the allocation of 5 billion US dollars for this goal, the largest amount in the history of Iraq allocated to those types of projects . 
    The Governor said that the circumstances and factors suffered by Iraq were an influential cause in the social and economic situation, which forced the Central Bank of Iraq to take the initiative to get out of those crises suffered by the Iraqi people, and to set an example for the rest of the other institutions was attention to development issues And construction needed by the Iraqi people and their institutions.

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    • Post n°3

    Central Bank Governor: Iraq's revenues go to build the economies of other countries Empty Allaq: Our initiative to allocate $ 5 billion to support projects is the largest in the history of I

    Post by Rocky Tue 17 Sep 2019, 10:42 am

    [size=35][size=35]Allaq: Our initiative to allocate $ 5 billion to support projects is the largest in the history of Iraq[/size]
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    Economie

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    2019-09-17 | 06:27
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    [/size]


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    [size=18]The Governor of the Central Bank of Iraq, Ali Allaq, on Tuesday, that the initiative of the Bank to allocate $ 5 billion to support projects is "the largest in the history of Iraq."


    Allaq said during his participation in a workshop in the Egyptian capital [You must be registered and logged in to see this link.] , according to a statement received Alsumaria News a copy of it, "The initiative of the Bank for small and medium enterprises through various Iraqi banks through the allocation of $ 5 billion for this goal, the largest amount in the history of [You must be registered and logged in to see this link.] allocated to these types of projects ".







    He added, "The circumstances and factors that were exposed to [You must be registered and logged in to see this link.] was an influential cause in the social and economic situation, which forced the Central Bank to take the initiative to get out of those crises suffered by the Iraqis, and to set an example for the rest of the other institutions was attention to the issues of development and construction needed The Iraqi people and their institutions. "

    The Central Bank launched the initiative of 1 trillion Iraqi dinars in order to contribute to the increase of small and medium-sized projects ranging from 5 million dinars to 50 million dinars and can be increased to one billion dinars.


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    • Post n°4

    Central Bank Governor: Iraq's revenues go to build the economies of other countries Empty Alaq: Iraq's revenues go to build the economies of other countries

    Post by Rocky Tue 17 Sep 2019, 5:56 pm

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    [size=52]Alaq: Iraq's revenues go to build the economies of other countries[/size]

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    Central Bank Governor Ali Alaq
    [size=45][size=16]The Governor of the Central Bank of Iraq, on Tuesday, that Iraq's reserves of foreign currency exceeds international standards, indicating that the government has reached more than saturation, and that Iraq's revenues go to build the economies of other countries.    [/size]
    [size=45]"Our foreign currency reserves are comfortable and good and within international standards, but above the benchmark ratios, but the law is not to cover the deficit, but a cover for the local currency," Allaq said in a statement.[/size]
    [size=45]He added that "the strength of the exchange rate and the strength of the Iraqi dinar depends on this cover, so the process of linking reserves and deficit coverage is not correct, and the Central Bank law does not allow the reserve to be used to lend to the government directly or indirectly, but is to maintain the value of the dinar against the dollar ”.[/size]
    [size=45]Regarding the sagging of government jobs, he said, “the government apparatus has reached more than saturation, and it does not add economic value, but that in its expenses represents a great challenge to the public budget and reduces the resources that can go to occupy others and create more jobs through real projects.”[/size]
    [size=45]He stressed that "the basic solution to the issue of unemployment is to operate the real sectors, which are industrial, agricultural, tourism and other, which is the basis in moving economic rings, so there must be a focus on moving these economic sectors by changing the economic model that exists today in Iraq, the model now exists is that our revenues It comes from oil, and it pumps the bulk of it in the form of salaries, and these salaries turn into demand for imported goods.[/size]
    [size=45]"Our revenues go to building the economies of other countries instead of moving the pace of the economic situation."[/size]
    [size=45]He explained, "It is not possible to lay off people from their jobs, but the money taken as salaries can be invested inside Iraq through the expansion of the real sector and this will occupy other people, and that depends on coordination in trade policies and investment and the situation internally."[/size]


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    • Post n°5

    Central Bank Governor: Iraq's revenues go to build the economies of other countries Empty Re: Central Bank Governor: Iraq's revenues go to build the economies of other countries

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