[ltr]
[ltr][rtl]History of edits:: 2016/1/23 8:48 • 481[/rtl] [rtl]visits readable[/rtl][/ltr]
[ltr][You must be registered and logged in to see this image.]
[Baghdad - where]
Accused of economic affairs adviser in the prime minister, the central bank following the policy of "distorted, and inconsistent," the shadow of the financial crisis in the country.
Said Abdul Hussein Al-Anbuge, he told all of Iraq [where], "Carry the CBI large responsibility for the adoption of a distorted and inconsistent monetary policy, the current time, it is an incentive policy, when the Central Bank lent banks up to 6.5 trillion dinars to support investment in important productive sectors to face the slide about the enormous recession, which has ahead of us, which is true conduct and support, "noting that" this recession Snnzlq him probably caused by a decline in revenues from Iraq's foreign exchange. "
"At the same time depends [the central bank] deflationary policy On the other hand, when it insists on maintaining the exchange rate inordinate much of the Iraqi dinar, and so the stimulus that creates the right hand Eekpha left hand."
He pointed out that the bank "is long overdue to make the exchange rate adapts to the size of the deficit in the public budget, the budget deficit great rates exceeding 30% of GDP amounted to" explaining "if he insisted [the central bank] to maintain a high price of the dinar against the dollar for fear of prejudice in Iraqi dinars, the Iraqi economy as a whole will be threatened, we will put the economy at the head of the crisis sweeping instead of being put in the less dangerous angle. "
Anbuge and pointed out that "all countries of the world have sought to ease their exchange rate to maintain its economy, China, for example, lowered repeatedly and even important oil-producing countries has reduced the price of their currencies repeatedly, but Iraq, it has exhausted the foreign exchange reserves in order to keep the exchange rate of the Iraqi dinar, and only had It can now be obtained with the delay that we can gradual reduction of the dinar exchange rate management after months maybe we will lose this option and we could not therefore have been forced to leave the dinar prone to float and chaos happening to us. "
He continued, "I Osail CBI asks how real investors adoption of the feasibility of precise calculations to borrow from the amounts allocated by, and you are at the same time suppressing their competitiveness at the exchange rate of the dinar is excessive."
And he saw the economic affairs adviser in the Prime Minister said, "This means that we encourage the whales of businessmen to borrow money and leak one way or another back into the trade sector, without having to create and generate a record of the entry and the face of the recession."
He stressed that "to keep the official exchange high dinars with the decline in the amount of foreign exchange in the economy, the price will create a black market for currency inevitably, will grow large speculators layer subsist on it, as it escapes part of the demand for the dollar, a large part of the display to the specific categories of white market direction Black market".
He Anbuge "Once again mortgaging this market mafia of speculators", stressing "We must move quickly to reduce the dinar exchange rate as we move the application of customs tariffs and rates higher than found in the customs tariff law to create a profitable opportunity for genuine investors in the productive sectors, and to block the road in front of traders Crisis ".
He pointed out, "so we can face the next crisis that we are now on the edge, and we can confront the procedures correctly create added values and produces entry and entry generate and absorb a lot of unemployment, which will get the Iraqi economy."
The Anbuge, revealed earlier this month, all submitted proposals to resolve the financial crisis in Iraq because of the decline in oil imports to decline in global crude prices, Among his proposals "conversion dinar exchange rate against the dollar to 1300 dinars, and instead of selling the dollar to 1116 dinars to sell the central bank B1300 and this It will provide nine trillion dinars, or about $ 8 billion and thus can bridge the budget deficit without borrowing, "afterthought" but doubled the existing budget and accounting department in the Ministry of Finance and they do not possess the ability prevented turn these proposals into reality and diversify its sources of imports of the state. "
The Commission on oil and energy parliamentary member Jamal Panthers, said to [where] that "the country to the brink of bankruptcy as a result of the financial crisis and low oil prices."
It is noteworthy that, oil prices witnessed over the past week, a remarkable collapse which recorded the lowest level over the past 12 years since I arrived on the fifth of this month to $ 25 a barrel for the OPEC basket of crudes and less than $ 30 for Brent.
Iraq is facing a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars, the oil revenues, of which 69 trillion and 773 billion dinars The increase of 85.1% from total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of the total Eradat.anthy 2
[You must be registered and logged in to see this link.]
[/ltr]
Advisor to the prime minister: Central Policy distorted and his insistence on raising the dinar threatens economy
[/ltr][ltr][rtl]History of edits:: 2016/1/23 8:48 • 481[/rtl] [rtl]visits readable[/rtl][/ltr]
[ltr][You must be registered and logged in to see this image.]
[Baghdad - where]
Accused of economic affairs adviser in the prime minister, the central bank following the policy of "distorted, and inconsistent," the shadow of the financial crisis in the country.
Said Abdul Hussein Al-Anbuge, he told all of Iraq [where], "Carry the CBI large responsibility for the adoption of a distorted and inconsistent monetary policy, the current time, it is an incentive policy, when the Central Bank lent banks up to 6.5 trillion dinars to support investment in important productive sectors to face the slide about the enormous recession, which has ahead of us, which is true conduct and support, "noting that" this recession Snnzlq him probably caused by a decline in revenues from Iraq's foreign exchange. "
"At the same time depends [the central bank] deflationary policy On the other hand, when it insists on maintaining the exchange rate inordinate much of the Iraqi dinar, and so the stimulus that creates the right hand Eekpha left hand."
He pointed out that the bank "is long overdue to make the exchange rate adapts to the size of the deficit in the public budget, the budget deficit great rates exceeding 30% of GDP amounted to" explaining "if he insisted [the central bank] to maintain a high price of the dinar against the dollar for fear of prejudice in Iraqi dinars, the Iraqi economy as a whole will be threatened, we will put the economy at the head of the crisis sweeping instead of being put in the less dangerous angle. "
Anbuge and pointed out that "all countries of the world have sought to ease their exchange rate to maintain its economy, China, for example, lowered repeatedly and even important oil-producing countries has reduced the price of their currencies repeatedly, but Iraq, it has exhausted the foreign exchange reserves in order to keep the exchange rate of the Iraqi dinar, and only had It can now be obtained with the delay that we can gradual reduction of the dinar exchange rate management after months maybe we will lose this option and we could not therefore have been forced to leave the dinar prone to float and chaos happening to us. "
He continued, "I Osail CBI asks how real investors adoption of the feasibility of precise calculations to borrow from the amounts allocated by, and you are at the same time suppressing their competitiveness at the exchange rate of the dinar is excessive."
And he saw the economic affairs adviser in the Prime Minister said, "This means that we encourage the whales of businessmen to borrow money and leak one way or another back into the trade sector, without having to create and generate a record of the entry and the face of the recession."
He stressed that "to keep the official exchange high dinars with the decline in the amount of foreign exchange in the economy, the price will create a black market for currency inevitably, will grow large speculators layer subsist on it, as it escapes part of the demand for the dollar, a large part of the display to the specific categories of white market direction Black market".
He Anbuge "Once again mortgaging this market mafia of speculators", stressing "We must move quickly to reduce the dinar exchange rate as we move the application of customs tariffs and rates higher than found in the customs tariff law to create a profitable opportunity for genuine investors in the productive sectors, and to block the road in front of traders Crisis ".
He pointed out, "so we can face the next crisis that we are now on the edge, and we can confront the procedures correctly create added values and produces entry and entry generate and absorb a lot of unemployment, which will get the Iraqi economy."
The Anbuge, revealed earlier this month, all submitted proposals to resolve the financial crisis in Iraq because of the decline in oil imports to decline in global crude prices, Among his proposals "conversion dinar exchange rate against the dollar to 1300 dinars, and instead of selling the dollar to 1116 dinars to sell the central bank B1300 and this It will provide nine trillion dinars, or about $ 8 billion and thus can bridge the budget deficit without borrowing, "afterthought" but doubled the existing budget and accounting department in the Ministry of Finance and they do not possess the ability prevented turn these proposals into reality and diversify its sources of imports of the state. "
The Commission on oil and energy parliamentary member Jamal Panthers, said to [where] that "the country to the brink of bankruptcy as a result of the financial crisis and low oil prices."
It is noteworthy that, oil prices witnessed over the past week, a remarkable collapse which recorded the lowest level over the past 12 years since I arrived on the fifth of this month to $ 25 a barrel for the OPEC basket of crudes and less than $ 30 for Brent.
Iraq is facing a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars, the oil revenues, of which 69 trillion and 773 billion dinars The increase of 85.1% from total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of the total Eradat.anthy 2
[You must be registered and logged in to see this link.]
[/ltr]
Today at 6:31 am by Rocky
» Next month... a major conference to announce 8 cities as investment opportunities
Today at 6:30 am by Rocky
» The presence movement: Iran urged Barzani to participate in the region’s elections
Today at 6:28 am by Rocky
» In a strange incident, they disowned him because of Al-Halbousi’s anger at him
Today at 6:26 am by Rocky
» Race for the Presidency of Parliament.. The Sunni conflict is worsening
Today at 6:25 am by Rocky
» Responding to the challenge to the constitutionality of the seat distribution system in the provinci
Today at 6:25 am by Rocky
» Demanding an increase in the allocations for two ministries in the current year’s budget
Today at 6:24 am by Rocky
» Parliamentary Finance: Employee salaries amounted to 8 and a half trillion
Today at 6:23 am by Rocky
» In the amount of 10 million... an Iraqi government bank begins granting loans to married couples
Today at 6:20 am by Rocky
» Hajj and Umrah Authority: Iraqi banks refrain from receiving pilgrims
Today at 6:19 am by Rocky
» The Minister of Electricity calls for mobilizing energies in preparation for the upcoming summer sea
Today at 6:17 am by Rocky
» The United Nations Development Program approves the electronic payment services system in Iraq
Today at 6:16 am by Rocky
» Iraqi oil exports to America declined within a week
Today at 6:15 am by Rocky
» Parliamentary praise for the government’s plans to implement projects to solve the housing crisis
Today at 6:14 am by Rocky
» In an extraordinary session...the Council of Ministers votes today on the budget schedules
Today at 6:13 am by Rocky
» Has the government succeeded in controlling crowding by changing working hours?
Today at 6:12 am by Rocky
» “Ali is not compensated with money, but I demand my rights.” An Iraqi sues a British oil company for
Today at 6:11 am by Rocky
» Planning: The pilot census will start on the 26th of this month
Today at 6:09 am by Rocky
» An unruly policy or a necessary need? .. Floating the currency between economic benefit and disadvan
Today at 6:08 am by Rocky
» A project to develop a climate investment plan in Iraq
Today at 6:07 am by Rocky
» Parliament awaits “budget schedules”
Today at 6:06 am by Rocky
» Parliament: Infrastructure is the most important challenge of the housing crisis
Today at 6:05 am by Rocky
» Announcing 8 cities as investment opportunities
Today at 6:04 am by Rocky
» Minister of Health: We are proceeding with a project to manage modern hospitals by specialized compa
Today at 6:02 am by Rocky
» An Iraqi initiative to ban the political exploitation of religions
Today at 6:01 am by Rocky
» 70% completion of the Kompsan Dam in Erbil
Today at 6:00 am by Rocky
» Paying off external debt is a step to promote stability and recovery
Today at 5:59 am by Rocky
» An economic forum discusses business opportunities with Islamic countries
Today at 5:57 am by Rocky
» More than one billion dollars in sales from the Central Bank of Iraq within a week
Today at 5:56 am by Rocky
» Pakistan and its economic challenges
Today at 5:55 am by Rocky
» Economic researchers emphasize promoting the culture of electronic payment
Today at 5:54 am by Rocky
» The events in Parliament were “intended”... A politician accuses “Taqaddum” of preventing a figure f
Today at 5:51 am by Rocky
» The Federal Court rejects the challenge to the constitutionality of a text in the seat distribution
Today at 5:50 am by Rocky
» Primitive management of waste and medical waste in Baghdad... another danger threatening the populat
Today at 5:49 am by Rocky
» Discrimination in projects and allocations.. The National Union complains of the injustice of Sulaym
Today at 5:46 am by Rocky
» Parliament “claims confusion” despite the clarity of the interpretation of federalism.. What is the
Today at 5:45 am by Rocky
» Khashan demands that Parliament terminate Haibat Al-Halbousi’s membership after he disrupted the pre
Today at 5:44 am by Rocky
» Al-Sudani will visit Doha tomorrow to participate in the World Security Forum
Today at 5:42 am by Rocky
» Al-Halbousi’s fears and ambitions waste the entitlement of the Sunni component: Parliament events ar
Today at 5:41 am by Rocky
» Transition to modern agriculture.. Parliament reveals financial allocations to purchase 11,000 “spri
Today at 5:40 am by Rocky
» Iraq “negotiates” Erbil over the passage of the Al-Faw train and awaits a meeting with Turkey and th
Today at 5:38 am by Rocky
» Türkiye builds the “carrot” and Iran diverts the rivers.. An Iraqi expert discusses “the weakness of
Today at 5:37 am by Rocky
» To facilitate the movement of goods transport.. Al-Dakhil directs the opening of Mosul - Dohuk contr
Today at 5:35 am by Rocky
» “Siemens will keep pace with Iraqi electricity.” The Ambassador: Iraqis requested bribes from German
Today at 5:34 am by Rocky
» Services will enter 13 areas.. Al-Zubair will convert heavy sewage into fertilizers.. and infrastruc
Today at 5:33 am by Rocky
» Representative regarding what happened during today’s session: an insult to the legislative institut
Today at 5:31 am by Rocky
» Parliament is “perplexed” and will take a month with the tables: the budget has increased and the op
Today at 5:29 am by Rocky
» Where has the legal battle between the Iraqi "Jaloud" and the British company "BP" reached?
Today at 5:27 am by Rocky
» A government plan to raise the price of refining oil.. Will the refineries lose, or will the price o
Today at 5:25 am by Rocky
» The Hajj Authority calls on the Central Bank to direct banks to open their doors to pilgrims
Today at 5:24 am by Rocky
» Martyrs Foundation: Thousands of mass graves in Iraq will not be opened yet
Today at 5:21 am by Rocky
» Sadiqoun is betting on resolving the parliamentary presidency issue today...a fourth and fifth round
Today at 5:19 am by Rocky
» The House of Representatives adjourns its session until further notice
Today at 5:18 am by Rocky
» utube 5/18/24 MM&C Iraq Dinar - Iraq Central Bank - IMF - UNAMI - World Bank - Key Votes Tabled -
Yesterday at 6:28 pm by Rocky
» utube 5/16/24 MM&C Al-Sudani - Political Week - Progress Internationally
Yesterday at 8:59 am by Rocky
» Calls to include local oil and electricity sales in the general budget
Yesterday at 8:50 am by Rocky
» Al Rasheed Bank issues instructions to facilitate the issuance of replacement cards for bank card ho
Yesterday at 8:47 am by Rocky
» Internal debt rises to 79 trillion in 2024.. What is the relationship between spending and loans?
Yesterday at 8:44 am by Rocky
» Members of Parliament head to the Great Hall to initiate procedures for electing the president
Yesterday at 8:38 am by Rocky
» The House of Representatives concludes the report and discussion of the draft law on public holidays
Yesterday at 8:37 am by Rocky
» The House of Representatives votes to extend its legislative term for 30 days
Yesterday at 8:36 am by Rocky
» A Canadian company is “unable” to dismiss its director authorized to protect Baghdad Airport: Iraq i
Yesterday at 8:34 am by Rocky
» Economic Institution: The value of China's exports to Iraq increased by 93% in 10 years
Yesterday at 8:31 am by Rocky
» The Presidency of Parliament decided to devote today’s session to electing the president only
Yesterday at 8:29 am by Rocky
» In the presence of 183 deputies...the House of Representatives holds its session
Yesterday at 8:28 am by Rocky
» Al-Kadhimi hints at the possibility of postponing the session to elect the Speaker of Parliament
Yesterday at 6:09 am by Rocky
» The regional government announces the payment of employees' salaries via “My Account”
Yesterday at 6:07 am by Rocky
» The Minister of Transport reviews the details of the development road and Al-Faw Grand Port projects
Yesterday at 6:05 am by Rocky
» Istanbul will host expanded Turkish/Arab economic meetings at the beginning of next month
Yesterday at 6:03 am by Rocky
» Customs sets the date for collecting tax amounts electronically and sets a condition
Yesterday at 6:02 am by Rocky
» Sudanese agrees to support pilgrims with an amount of 39 billion dinars to reduce the cost of Hajj
Yesterday at 6:00 am by Rocky
» The Sudanese advisor clarifies the discussion of budget schedules in the extraordinary session of th
Yesterday at 5:59 am by Rocky
» Most of the framework and the Kurdistan Democratic Party will vote for Al-Mashhadani as Speaker of P
Yesterday at 5:55 am by Rocky
» A deputy considers the movement of Turkish forces inside Iraqi territory an occupation
Yesterday at 5:53 am by Rocky
» Directing the Ministry of Finance to spend drug law implementation budgets
Yesterday at 5:52 am by Rocky
» A parliamentary movement to resolve the fate of holding private wards
Yesterday at 5:51 am by Rocky
» A member of a legal movement calling for accelerating the amendment of Article 57
Yesterday at 5:49 am by Rocky
» A parliamentary effort to gain ownership of the trespassers and slum owners
Yesterday at 5:48 am by Rocky
» There is a consensus on deciding the presidency of Parliament today, and the balance is tilted towar
Yesterday at 5:47 am by Rocky
» The price of the dollar is witnessing a slight increase in Baghdad, Basra and Erbil
Yesterday at 5:46 am by Rocky
» Behind the scenes of electronic blackmail in Iraq... “A good hacker,” “blackmailing spouses,” and se
Yesterday at 5:44 am by Rocky
» The coordination framework supports Al-Sadr: We will pass the “Eid Al-Ghadir” holiday today
Yesterday at 5:42 am by Rocky
» The session to elect the Speaker of Parliament... intense meetings and fears of its failure due to “
Yesterday at 5:41 am by Rocky
» People with chronic diseases...a government statistic regarding the number of applicants for social
Yesterday at 5:39 am by Rocky
» The Sudanese advisor issues a clarification regarding the discussion of budget schedules in an extra
Yesterday at 5:38 am by Rocky
» Russia is at the top, and this is Iraq's rank... a list of countries that buy most real estate in Tü
Yesterday at 5:37 am by Rocky
» The opening of the first aviation, space and artificial intelligence institution in Baghdad
Yesterday at 5:33 am by Rocky
» Iraq digs 30 meters under the sea and completes the Al-Faw docks in 5 months...a fixed date with the
Yesterday at 5:32 am by Rocky
» Al-Allaq announces the success of the electronic transfer platform in combating money laundering
Yesterday at 5:31 am by Rocky
» Al-Saadawi directs the disbursement of 1.5 million dinars to each private transport employee who con
Yesterday at 5:29 am by Rocky
» Minister of Commerce from Silo Makhmour: The quantities of wheat marketed have reached two million t
Yesterday at 5:28 am by Rocky
» Hours after choosing Al-Halbousi's successor... Al-Mashhadani sends a message to the Iraqis
Yesterday at 5:27 am by Rocky
» How do we wash the “dirty Baghdad dollar”? A clearer picture of 1,000 Iraqi methods for money launde
Yesterday at 5:25 am by Rocky
» Transport is launching a new mechanism to pay bus tickets via phone soon
Yesterday at 5:24 am by Rocky
» Baghdad Summit 2025.. Iraq reunites its brothers around the table of dialogue and common interests
Yesterday at 5:23 am by Rocky
» Bangladesh is ahead of it... Iraq’s classification in the Arab world and internationally by the qual
Yesterday at 5:19 am by Rocky
» Today...the House of Representatives is scheduled for a “fateful” session
Yesterday at 5:17 am by Rocky
» The General Secretariat denies that the Fine platform was exposed to electronic hacking
Yesterday at 5:15 am by Rocky
» Transport reveals the completion rates in the Al-Faw Port and Development Road projects
Yesterday at 5:12 am by Rocky