Al-Nusairi: He dedicates his new (tenth) book to the Central Bank and the Iraqi banking sector
[You must be registered and logged in to see this image.] |
Economy News _ Baghdad
Recently, in the Association of Iraqi Private Banks, the new book of the Association’s advisor, Professor Samir Al-Nusairi, entitled (The Central Bank of Iraq in Facing Crises and Stimulating the Economy), is the tenth book in the series of books authored by the author. Adopted by the Central Bank and the Egyptian sector in overcoming crises and stimulating the economy.
Al-Nusairi dedicated his book to the Central Bank and the banking sector, and presented what was mentioned in his new book in a special interview to the "Economy News" agency today, Monday, reviewing my belief that the future of Iraq and its proud people must be a prosperous future despite the challenges, repercussions and suffering that its national economy has suffered during the course of nineteen years. years ago.
With continuous effort and hope that does not fade, I continued with enlightened scientific giving with the background of experience and expertise, and daily living with the reality of our dear country, especially in the economic and banking aspect.
Since 2003 until the present time, the Iraqi economy has suffered greatly from the loss of the curriculum, the lack of economic planning, the weakness of strategies, the dispersion of policies and chaos in the management of the affairs of the economy and its various productive sectors, which led to a weak contribution to the gross domestic product. The focus was on oil as the main resource for economic resources, where it formed within limits (60%) of the gross domestic product and (93%) of the total revenues of the general budget.
What contributed to the exacerbation of Iraq's problems is the mismanagement and distribution of public money, which encouraged the exacerbation of financial and administrative corruption, marginalization and failure to give the appropriate opportunity for national economic cadres and expertise to manage effective economic institutions. In addition to this, the effects of external economic conditions, including instability in oil prices, their rise and decline, and the inability of successive governments that assumed responsibility to establish a sovereign fund when oil prices rise, like other oil-producing countries. Pointing out that what confused the
economic process in Iraq and increased its complexities, is the structural imbalance in the economy and the challenges that led to instability in the monetary system and the financial system and thus the inability to achieve complete economic stability due to the deficit in non-oil revenue, the deficit in the balance of payments and the deficit in the general budget. so no
Stimulating, encouraging, supporting and involving the private sector in making economic decisions, with the vision confused and the financial policies unclear. He also stressed the shortcomings in the legal environment regulating economic life issued in 2004. Experience has proven that they are deficient laws and need to be reformulated and amended, and that the set of challenges and repercussions above, despite Iraq's high oil resources and the growing numbers of public budgets, has not achieved anything at the level of reform and sound economic construction, and that it is currently going through severe and stifling economic, political and epidemiological crises due to the spread of the Corona virus in most Countries of the world, including Iraq, and this unfortunately is the reality of the current situation.
Al-Nusairi explained that the strategy for the advancement and reform of the Iraqi economy after all these years needs exceptional efforts, programs, mechanisms and government measures in partnership with the private sector and competent national competencies, and the most important is the sincere and real intentions of change towards the desired economic reform. Drawing and implementing a strategy for economic transformation and reform during the next ten years in accordance with Iraq’s 2030 vision. With a focus on finding quick solutions and treatments to enable the elements of implementing economic reform, and that these treatments have a quick effect to create relative stability in the financial and monetary system and restore control over the distribution of public money and get rid of Mismanagement and choosing the right man in the right place will facilitate the way to implement the reform strategy as a central goal that achieves sustainable development.
Therefore, the Central Bank had its vision and procedures in facing challenges and crises, stimulating and supporting the national economy, through which it adopted clear policies, plans, programs and specific instructions during the years 2020 and 2021 that were analyzed and documented their success paths to revitalize the economic cycle and try to address the repercussions of decreasing the exchange rate of the dinar and its effects on the low-income groups. And revitalizing the economic cycle through a series of lending policies and initiatives.
Al-Nusairi concluded his speech for this, as the book included two chapters and (25) chapters with a number of (196) pages of medium pieces and an appendix to official documents and regulatory and regulatory instructions to facilitate the implementation of the financing and lending initiatives launched by the Central Bank based on diligence and transparency in presenting the results and achieved achievements.
And the failures and the opinions of international and local organizations, although we have reservations about some of the visions and treatments contained therein.
I hope that the contents of the book will be discussed and studied by academics and experts in the government and the private sector, and the analysis, visions, proposals and treatments contained in it will be discussed and studied to overcome our economic and banking crises on the desired path of reform. To receive their copies of the book as a gift from me.
Al-Nusairi dedicated his book to the Central Bank and the banking sector, and presented what was mentioned in his new book in a special interview to the "Economy News" agency today, Monday, reviewing my belief that the future of Iraq and its proud people must be a prosperous future despite the challenges, repercussions and suffering that its national economy has suffered during the course of nineteen years. years ago.
With continuous effort and hope that does not fade, I continued with enlightened scientific giving with the background of experience and expertise, and daily living with the reality of our dear country, especially in the economic and banking aspect.
Since 2003 until the present time, the Iraqi economy has suffered greatly from the loss of the curriculum, the lack of economic planning, the weakness of strategies, the dispersion of policies and chaos in the management of the affairs of the economy and its various productive sectors, which led to a weak contribution to the gross domestic product. The focus was on oil as the main resource for economic resources, where it formed within limits (60%) of the gross domestic product and (93%) of the total revenues of the general budget.
What contributed to the exacerbation of Iraq's problems is the mismanagement and distribution of public money, which encouraged the exacerbation of financial and administrative corruption, marginalization and failure to give the appropriate opportunity for national economic cadres and expertise to manage effective economic institutions. In addition to this, the effects of external economic conditions, including instability in oil prices, their rise and decline, and the inability of successive governments that assumed responsibility to establish a sovereign fund when oil prices rise, like other oil-producing countries. Pointing out that what confused the
economic process in Iraq and increased its complexities, is the structural imbalance in the economy and the challenges that led to instability in the monetary system and the financial system and thus the inability to achieve complete economic stability due to the deficit in non-oil revenue, the deficit in the balance of payments and the deficit in the general budget. so no
Stimulating, encouraging, supporting and involving the private sector in making economic decisions, with the vision confused and the financial policies unclear. He also stressed the shortcomings in the legal environment regulating economic life issued in 2004. Experience has proven that they are deficient laws and need to be reformulated and amended, and that the set of challenges and repercussions above, despite Iraq's high oil resources and the growing numbers of public budgets, has not achieved anything at the level of reform and sound economic construction, and that it is currently going through severe and stifling economic, political and epidemiological crises due to the spread of the Corona virus in most Countries of the world, including Iraq, and this unfortunately is the reality of the current situation.
Al-Nusairi explained that the strategy for the advancement and reform of the Iraqi economy after all these years needs exceptional efforts, programs, mechanisms and government measures in partnership with the private sector and competent national competencies, and the most important is the sincere and real intentions of change towards the desired economic reform. Drawing and implementing a strategy for economic transformation and reform during the next ten years in accordance with Iraq’s 2030 vision. With a focus on finding quick solutions and treatments to enable the elements of implementing economic reform, and that these treatments have a quick effect to create relative stability in the financial and monetary system and restore control over the distribution of public money and get rid of Mismanagement and choosing the right man in the right place will facilitate the way to implement the reform strategy as a central goal that achieves sustainable development.
Therefore, the Central Bank had its vision and procedures in facing challenges and crises, stimulating and supporting the national economy, through which it adopted clear policies, plans, programs and specific instructions during the years 2020 and 2021 that were analyzed and documented their success paths to revitalize the economic cycle and try to address the repercussions of decreasing the exchange rate of the dinar and its effects on the low-income groups. And revitalizing the economic cycle through a series of lending policies and initiatives.
Al-Nusairi concluded his speech for this, as the book included two chapters and (25) chapters with a number of (196) pages of medium pieces and an appendix to official documents and regulatory and regulatory instructions to facilitate the implementation of the financing and lending initiatives launched by the Central Bank based on diligence and transparency in presenting the results and achieved achievements.
And the failures and the opinions of international and local organizations, although we have reservations about some of the visions and treatments contained therein.
I hope that the contents of the book will be discussed and studied by academics and experts in the government and the private sector, and the analysis, visions, proposals and treatments contained in it will be discussed and studied to overcome our economic and banking crises on the desired path of reform. To receive their copies of the book as a gift from me.
[You must be registered and logged in to see this link.]
Today at 5:24 am by Rocky
» utube MM&C 3/26/24 Iraqi Dinar - IQD Update - Strength Dinar - Automation ASYCUDA - World Bank - D
Today at 5:21 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Today at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Today at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Today at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Today at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Today at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Today at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Today at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Today at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Today at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Today at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Today at 5:07 am by Rocky
» Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have ent
Today at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Today at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Today at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Today at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Today at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Today at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Today at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Today at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Today at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Today at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Today at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Today at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Today at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Today at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Today at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Today at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Today at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Today at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Today at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Today at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Today at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Today at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Today at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Today at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Today at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Today at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Today at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Today at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Yesterday at 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Yesterday at 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Yesterday at 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Yesterday at 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Yesterday at 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Yesterday at 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Yesterday at 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Yesterday at 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Yesterday at 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Yesterday at 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Yesterday at 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Yesterday at 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Yesterday at 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Yesterday at 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Yesterday at 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Yesterday at 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Yesterday at 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Yesterday at 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Yesterday at 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Yesterday at 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Yesterday at 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Yesterday at 7:12 am by Rocky
» Minister of Finance to the Czech Ambassador: Iraq enjoys a more attractive business environment and
Yesterday at 7:10 am by Rocky
» Iraq and Britain sign an agreement in the field of the stock market
Yesterday at 7:08 am by Rocky
» A new parliamentary meeting with the Minister of Finance to discuss these files
Yesterday at 7:07 am by Rocky
» A parliamentary committee discusses these files with the Director of the Projects Department in the
Yesterday at 7:06 am by Rocky
» Central Bank sales exceed $257 million today
Yesterday at 7:05 am by Rocky
» Parliamentary Finance and the Minister of Planning discuss governorate allocations and investment bu
Yesterday at 7:04 am by Rocky
» Planning: We are discussing with representatives of the World Bank the work plan of the Social Fund
Yesterday at 7:02 am by Rocky
» Parliamentary meeting with the Governor of the Central Bank and the Director of the Real Estate Bank
Yesterday at 7:01 am by Rocky
» Parliamentary Finance: The 2024 budget reached 228 trillion dinars
Yesterday at 6:57 am by Rocky
» Barzani "gives good news" to Kurdistan's employees: salaries, land, and loan exemptions
Yesterday at 6:57 am by Rocky
» Parliamentary Economy: The decision to raise fuel prices targets this class
Yesterday at 6:54 am by Rocky
» The President of the Republic: Iraq is an important investment environment
Yesterday at 6:53 am by Rocky
» From the accounts of Saddam's Republican Guard... Iraq returns approximately 7 billion dinars to the
Yesterday at 6:52 am by Rocky
» Al-Abadi: Muqtada al-Sadr did not leave politics.. He reached a dead end
Yesterday at 6:49 am by Rocky
» Nassif: The leaders of the framework abandoned Al-Sudani because of his recent successes
Yesterday at 6:48 am by Rocky
» Baghdad stresses the continued danger of ISIS and the importance of Washington's efforts to combat i
Yesterday at 6:47 am by Rocky
» Parliamentary Oil: It is necessary to transfer part of the revenues to the oil-producing governorate
Yesterday at 6:45 am by Rocky
» The Sudanese government zeroes in on the legacy of its predecessors
Yesterday at 5:28 am by Rocky
» The Human Organ and Tissue Transplantation Law is ready for its second reading
Yesterday at 5:26 am by Rocky
» 1,500 active civil organizations in Iraq
Yesterday at 5:25 am by Rocky
» The position of Speaker of Parliament awaits decision
Yesterday at 5:23 am by Rocky
» Water for peace...the water crisis in Iraq
Yesterday at 5:21 am by Rocky
» Fiscal and monetary policies succeed in undermining the parallel dollar
Yesterday at 5:20 am by Rocky
» Kurdistan.. Attempts to circumvent the "Federal" decision and an invitation to the Baghdad governmen
Yesterday at 5:17 am by Rocky
» “Iraq warned the US Treasury to leave the dollar.” Parliamentary Finance: The exchange rate will con
Yesterday at 5:16 am by Rocky
» The Iraqi government issues new decisions
Yesterday at 5:14 am by Rocky
» Barzani: We will not give up our constitutional rights, and tomorrow we will take a decision that is
Yesterday at 5:12 am by Rocky
» A researcher in political and security affairs describes the decision to increase the price of gasol
Yesterday at 5:11 am by Rocky
» The Council of Ministers addresses the Finance Ministry to appoint the families of those who died du
Yesterday at 5:09 am by Rocky
» 100 thousand dinars as a “Eid gift” for retirees.. A parliamentary request before the Sudanese (docu
Yesterday at 5:08 am by Rocky
» Al-Sudani confirms that more than 490 projects have been moved and returned to work in record time
Yesterday at 5:07 am by Rocky
» Parliament reveals three facts about the decision to raise the price of fuel: It targeted “luxury” w
Yesterday at 5:05 am by Rocky
» In detail...the problems of the oil file between Baghdad and Erbil
Yesterday at 5:04 am by Rocky
» International skepticism about Iraqi agriculture... Modern irrigation succeeds, but it will not be e
Yesterday at 5:02 am by Rocky
» For those who love traveling by the Iraqi train... buy the ticket with your mobile phone and 50 new
Yesterday at 5:00 am by Rocky
» Regional and international challenges hinder the path of the Iraqi economy towards stability
Yesterday at 4:59 am by Rocky