19 hours ago[/size]
Despite the short life of the Iraqi government headed by Muhammad Shia'a al-Sudani, it imposed a different reality, with calm, deliberate and comprehensive steps. Administrative, professional/specialized, and each track may have a set of functional scopes that are interrelated with each other to reflect the level of experience and the extent of responsibility, which helped him build scientific, functional and administrative expertise, and develop the right strategies to deal with crises in a knowledgeable and rapid manner and find solutions for any emergency. And in the same context as The article published about 24 hours ago, on the Rawabet Center for Research and Strategic Studies (1) Details are in the link
in a way A well-thought-out and effective way to remedy the situation with the Economic Committee and the responsible authorities, where the meeting took place with the Governor of the Central Bank to achieve general stability of prices and the exchange rate, activate the Correct steps to sell foreign currencies to the citizen and to serve the Iraqi economy, and pump the central bank quantities of dollars into the market, and strengthen monitoring the work of banks, as stated in a bank letter addressed to licensed banks saying, “Based on Council of Ministers Resolution No. (351) for the year 2022 that includes non-compliance with the collection of customs duties and tax amounts in advance stipulated in Article (16 / fourth) of the Federal General Budget Law for the year Fiscal 2021, to expire at the end of the fiscal year 2021,
All these measures taken by Al-Sudanese aim to balance between the amendments imposed by the Federal Reserve and the requirements of the Iraqi market, and to control the outlets for corruption and smuggling. Payments, and the need for the bank to take the necessary measures to prevent illegal speculation, limit everything that harms the local market and lead to higher prices, activate steps to sell foreign currency at official rates for citizens through buying with electronic cards, and open Sales outlets for travelers, or those traveling for treatment outside Iraq, or financing trade foreign affairs, in accordance with the fundamentalist contexts and international standards for opening documentary credits and remittances.
The Governor of the Central Bank, Mustafa Ghaleb Makhaif, affirmed that “the measures taken will contribute to achieving monetary stability in Iraq,” and the bank is ready to fully cover the documentary credits for the import of foodstuffs, and to provide foreign currency to citizens. The important measures taken by the government are what was discussed with the Ministerial Council for the economy, the procedures of the Ministry of Commerce regarding securing foodstuffs, providing medicines and excluding them from the customs tariffs, adjusting the customs tariffs in accordance with economic requirements, and the ministry simplifying its procedures by granting import licenses within a short period of time of up to 24 hours, and securing the strategic storage of foodstuffs, as the Council affirmed Ministerial for the Economy The government'
In conclusion, during this stage, the Iraqi Prime Minister recorded successful steps towards achieving financial stability, and resorted to the wisdom of dealing with internal and external crises, as he enjoys an experienced personality, an acceptable leadership in Iraq and abroad, and is characterized By its transparency and wisdom in managing matters on the political and financial levels, and securing materials Rawabet Center for Research and Strategic Studies monitored the steps and the mechanism by which the Sudanese government dealt with the crisis of the exchange rate of the Iraqi dinar against the US dollar, and how the treatment took place within discreet contexts and impact on the ground, and the coming days will witness a decline in the dollar against the Iraqi dinar to reach its stability before the crisis.It is an important stage for restoring financial stability, eliminating corruption, and securing the needs of the Iraqi citizen that he aspires to, in order to start policies worthy of a country like Iraq, which is rich in its financial and human resources.
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Economic Unit / North America Office
Rawabet Center for Research and Strategic Studies
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