701 Economie 2021/02/23 13:19 Baghdad Today-
Follow-up The head of the Securities Commission, Faisal Al-Haimas, confirmed today, Tuesday, that the government is working on offering 5 trillion dinars in the form of bonds,while he revealed a move led by the Minister of Finance to form a “customs belt” around Baghdad, in order to protect the local product. In a press interview followed by (Baghdad Today), Al-Himmus said, "The government has offered bonds in previous years and bought by banks, and is currently working on offering 5 trillion dinars (about 3 billion and 440 million dinars), but not once, but at certain times." He added, "Within 6 months to a year, this amount will be covered, and we are ready to activate this matter in the market, to buy it from investors and banks." He continued: "We formed a committee by order of the General Secretariat of the Council of Ministers, which is under my leadership and includes in its membership the security ministries, the central bank and the companies' registrar department, and so far we have held 4 meetings, and we have come to draw the conditions for granting licenses, and these recommendations will be submitted to the Council of Ministers for approval, and then These companies must obtain a work permit from the authority in order to protect Iraqi funds. " He pointed out that "there are a number of issues that the Economic Ministerial Council focuses on, including addressing issues that are late in the era of the previous government due to the demonstrations and the Corona pandemic, especially those related to projects. We are also working on drawing economic policies that are represented in supporting the local product, stopping imports and maximizing state revenues." Non-oil, and there is great determination to accomplish these matters, as well as interest in agriculture and converting losing companies into profitable ones by increasing their productivity, and switching departments that caused this imbalance. " Al-Haymas revealed the work of "Finance Minister Ali Abdul-Amir Allawi, on the condition that there be a customs belt around the capital, Baghdad, as it is the most important commercial center in addition to creating a link between the provinces in the north, south, west and east." He pointed out that "there will be local companies to check the goods in this belt, for goods that have not paid the customs tax, a set of measures will be taken against them." Regarding the purpose of the belt, Al-Himas said that it is "to [You must be registered and logged in to see this link.] the local product and revive the industry and the agricultural sector. The more local product is supported, the greater the revenues and the less import. We have industrial companies in Iraq in various sectors and have their weight, but their mismanagement caused them to be transformed into non-productive companies, and we work." To address this problem. "
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