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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

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    The Central Bank of Iraq: The adoption of social security laws will relieve pressure on the governme

    Rocky
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    The Central Bank of Iraq: The adoption of social security laws will relieve pressure on the governme Empty The Central Bank of Iraq: The adoption of social security laws will relieve pressure on the governme

    Post by Rocky Sat Dec 10, 2022 6:51 pm

    The Central Bank of Iraq: The adoption of social security laws will relieve pressure on the government



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    2022-12-10 03:11


    Shafaq News / The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, stressed on Saturday the need to expedite the adoption of social security laws, in order to reduce pressure on government jobs.



    In a speech during the celebration of the 75th anniversary of the founding of the Central Bank of Iraq, which was attended by Shafaq News Agency, Makhaif said, "The performance of the Central Bank has been distinguished for more than seven decades in that it is always at a sufficient distance from politics and its repercussions, powers and fluctuations."
    He added that "the financial administration of the state still believes that the Central Bank of Iraq is the backer and backer for it and other state institutions," adding, "After 2003, the new central bank law was issued, as its independence was clearly established."
    And he continued, “Today, we have a system for supervising the banking sector, based on the legal texts that were mentioned in the Central Bank and Banking Laws,” noting that “since 2004, we have been planning to establish advanced payment systems and gradually shift to digitization.”
    Makhaif explained, "Central banks represent the largest repositories of financial and banking expertise, and consulting centers for their governments. Therefore, it was decided to postpone the collection of loans granted from the funds of our initiative on industrial and agricultural projects until the end of 2024."
    The Governor of the Central Bank stressed that “priority strategic projects such as roads and railways are the keys to success in development. Relying on state agencies to repair existing roads or construct new ones is unrealistic,” suggesting that “investors are resorted to in return for traffic fees that do not burden their users.” .
    He believed that "development takes place by stimulating targeting the less developed regions and groups, and in order to reduce the pressure on government jobs, it is necessary to speed up the adoption of social security laws."
    He pointed out that "the economic recovery in the country starts from the private sector, so non-oil resources must be strengthened through the automation of the customs and tax sector and the unification of border crossings."
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