Is Iraq will declare bankruptcy? Um collapse model rentier economy?
Opening - Adel Abdul Mahdi - 12:10 - 03/17/2016
In 1998 at the invitation of the Iraqis forum economist in London, he presented a lecture titled "Agriculture permanent oil." As I remember, ran a lecture by Dr. Shabibi, and was attended by a group of leading economists Iraqis of them, with the conservation of titles, the late Abbas Nasraoui, Salah al - Shaikhly, Saad Abdul Razak and Falah al - Amiri and Shaker nice and Ali Hantoush full Abbas Mahdi and Mohammed Kubba and dozens of specialized characters .. said in a lecture that Iraq if the company declared bankruptcy .. How to A..walnaft became subject to the "oil - for - food" .., agriculture and industry agreement in the worst conditions .. and the number of staff and retired approximately 1.5 million citizens .. and oil production in that year 2 M.b.a, cut into from 30% to pay compensation Kuwait , the United Nations and expenses, and go 550-600 thousand barrels of consumption Mahla..omistoy annual income per capita has collapsed, reaching $ 400 / person / year, and the hearts of the country , the day is about 25 million people (statistics absent that day) .. and debt Foreign more than 120 billion dollars .. and no reserves of the central bank and state treasury empty .. and the value of the dinar collapsed about 1000% compared to the dollar, and is now dealing with weight .. and the employee 's wage university professor about 6,000 dinars, Aa2-3 dollars .. and received by retired less from taxi transport to pick it up .. and goods missing, the vast majority rely ration card .. Did we forget that? Nevertheless, Iraq did not declare bankruptcy, because it is not a company but a state, and the states do not declare bankruptcy .. Yet people lived and overstayed difficulties. Some of those days may recall the sweetness of control, and strive to manage its affairs .. so he headed each for agriculture and craft and profession Venctt something .. and began the minds of people sprout for solutions to their problems, and excelled in many things, resisted by physical difficulties and harsh conditions.
If Iraq did not bankrupt the day, how Savels today? National GDP estimates , "IMF" and "World Bank" for 2015 is $ 522 billion annually, prices , purchasing power (Purchase power parity (PPP ranking No. 37 worldwide, and per capita of $ 14,571 / year, ranking No. 88 worldwide .. and at current prices of 240 billion dollars for the national output , ranking 47th globally, and $ 6491 / year / per capita, ranking No. 88 worldwide .. and the number of employees and retirees 7 million citizens .. and reserves the central bank is still sound and high .. and still Iraq 's oil exported an average of 3.4 billion dollars a month depending on oil prices, and will receive about $ 5.8 billion a month at current rates of export, if the price has stabilized at $ 45 / barrel, without the Kurdistan account .. and no monetary mass , however , people outside banks more than 30 billion dollars .. and the same in banks .. and operating in the country hundreds of foreign companies and thousands of Iraqi companies .. and there are 35-37 million subscribers in mobile phones, an average of six phones per family, as one of the indicators of the fact that living standards.
Yes rapid and violent fall in oil prices revealed the fragility of the economic system, in which the results of the collapse of the social balance standards and fairness, and the emergence of great economic difficulties, serious malformations are structural and a serious shortage of services and infrastructure .. the country has left itself dependent on oil .. When prices collapsed, it collapsed with basic equations .. collapsed possibilities to continue the policies of extravagance and waste and easy money and get income without work true, especially in the public sector, who work rate product which -hsp Aldrasat- 17 minutes / day, which means standards (wages / work) Salaries in Iraq is one of the world 's largest crowd .. I went to him, and this is normal, people go for more cost - effective and least effort, Vtdkhmt State Trhilt and become operational budgets consume the bulk of the state budget, fully bonded oil prices.
revolves unskilled wage in the Iraqi market rate of about 25-30 thousand dinars / day, equivalent to $ 20-25 / day. . , and in accordance with an average of 25 days per month would mean financial resource around US $ 500-625 per month .. Suffice compared it to employment of foreign unskilled exotic for Iraq, which is contracted to half of these amounts, one to realize that the crisis is not a crisis of bankruptcy and salaries are even crisis rentier model of the economy failed, and lifestyles and work provided by .. and ambitions and goals that lead to it .. and divisions, corruption and conflict generated.
[You must be registered and logged in to see this link.]
Yesterday at 2:18 pm by Rocky
» utube MM&C 4/26/24 Iraqi Dinar - US Treasury Exchange Rates- Focus - Banking Partnerships - Rate C
Yesterday at 2:17 pm by Rocky
» Parliamentary efforts to transform Iraq into a global market for transferring Internet capacities
Yesterday at 2:07 pm by Rocky
» A parliamentary committee that enriches the political forces: Stop plundering Iraq’s wealth and work
Yesterday at 1:56 pm by Rocky
» Politician: Salem Al-Issawi is the most likely to assume the presidency of Parliament
Yesterday at 1:55 pm by Rocky
» The price of the dollar is close to 145 thousand dinars؛ how much is $100 worth of transactions؟
Yesterday at 11:57 am by wciappetta
» Al-Sudani: The world today is witnessing crises whose impact has been reflected in the global econo
Yesterday at 9:50 am by Rocky
» The Federal Court responds to an inquiry by Al-Sudani regarding the powers of the provincial council
Yesterday at 9:40 am by Rocky
» Among them are the Iraqis... a list of the most sought-after immigrants to America
Yesterday at 9:38 am by Rocky
» An expert talks about the "biggest barrier" and the positives of merging Iraqi and Arab banks
Yesterday at 9:29 am by Rocky
» The House of Representatives adjourns its session
Yesterday at 9:24 am by Rocky
» Parliamentary demands to expedite the legislation of the Eid al-Ghadir holiday law (documents)
Yesterday at 9:23 am by Rocky
» Parliament adds the paragraph “Electing the Speaker of the House of Representatives” to its agenda
Yesterday at 9:21 am by Rocky
» Alsumaria publishes the text of the law against prostitution and homosexuality
Yesterday at 9:20 am by Rocky
» A parliamentarian reveals the reason for the failure of the Speaker of Parliament to pass during tod
Yesterday at 9:19 am by Rocky
» Al-Sudani: The government has launched many strategies and initiatives that will improve the reality
Yesterday at 8:42 am by Rocky
» International Business: Iraq has made progress in supporting businesses through investment and priva
Yesterday at 8:33 am by Rocky
» Association of Banks: Iraq is witnessing great development in the transition to electronic governmen
Yesterday at 8:25 am by Rocky
» The House of Representatives votes to add an item to its agenda (election of the Speaker of the Hous
Yesterday at 8:22 am by Rocky
» Parliamentary integrity: Combating corruption requires parliamentary legislation
Yesterday at 8:15 am by Rocky
» Al-Karaawi: America is trying to restrict Iraq
Yesterday at 8:13 am by Rocky
» The State of Law coalition moves to form the local government in Diyala
Yesterday at 8:12 am by Rocky
» The Sudanese and his battle against corruption.. Where is the fault with the government or with the
Yesterday at 8:11 am by Rocky
» Prime Minister's Advisor: We will see the dollar fall on the black market soon
Yesterday at 8:09 am by Rocky
» The Sunni blocs are resolute. The presidency of the Council is ours, away from Al-Halbousi
Yesterday at 8:08 am by Rocky
» Al-Sudani discusses with a workers’ organization his government’s steps in this field
Yesterday at 7:58 am by Rocky
» Parliament holds its session in the presence of 170 deputies
Yesterday at 7:57 am by Rocky
» In the presence of Nechirvan Barzani and Al-Sudani... the State Administration Coalition holds an “i
Yesterday at 7:55 am by Rocky
» The UAE company ADNOC resorts to Iraqi oil. Find out the reasons
Yesterday at 7:53 am by Rocky
» The Iraqi Parliament votes to add an item to elect a president to its agenda
Yesterday at 7:52 am by Rocky
» The Federal Court responds to an inquiry by Al-Sudani regarding the powers of the provincial council
Yesterday at 7:51 am by Rocky
» Al-Sudani: It is necessary to attract women to work as a productive energy that cannot be disrupted
Yesterday at 7:47 am by Rocky
» Zebari regarding targeting the Kormor field: a systematic attack on the economy of Kurdistan
Yesterday at 7:46 am by Rocky
» Saudi Arabia tops, and this is Iraq's rank... a list of major suppliers of crude oil to South Korea
Yesterday at 7:45 am by Rocky
» With a value of 125 million dollars.. Iraq is at the forefront of countries importing Iranian textil
Yesterday at 7:44 am by Rocky
» More than a billion dollars in sales from the Iraqi Central Bank within a week
Yesterday at 7:43 am by Rocky
» Al-Sudani stresses the need for the expertise of the International Labor Organization to legislate a
Yesterday at 7:29 am by Rocky
» Including the return of 21 wanted persons.. The Iraq Money Recovery Fund counts its achievements in
Yesterday at 7:27 am by Rocky
» The path to development is the criterion between true patriotism and political clowning.
Yesterday at 7:25 am by Rocky
» The file of the Presidency of Parliament is on the state administration table... this evening
Yesterday at 7:22 am by Rocky
» Director General of the International Labor Organization: Many challenges in the world of work and t
Yesterday at 7:20 am by Rocky
» Al-Sudani: The world is witnessing crises that reflect negatively on the Arab and international peop
Yesterday at 7:11 am by Rocky
» Prime Minister: Our government has provided great support for the success of the activities, program
Yesterday at 7:08 am by Rocky
» Al-Asadi: Iraq places the social protection file among its priorities
Yesterday at 7:07 am by Rocky
» Al-Sudani: Iraq is one of the first countries in the region to join the International Labor Organiza
Yesterday at 7:05 am by Rocky
» In the presence of Al-Sudani and Barzani, the State Administration Coalition holds an “important” me
Yesterday at 7:03 am by Rocky
» Appreciating the presence of Al-Sudani... Director General of the Arab Labor Organization: Here from
Yesterday at 5:29 am by Rocky
» Prime Minister: Our government has provided great support for the success of the activities, program
Yesterday at 5:28 am by Rocky
» Al-Sudani: The world is witnessing crises that reflect negatively on the Arab and international peop
Yesterday at 5:24 am by Rocky
» The Parliamentary Development Institute organizes a workshop on the political role of the representa
Yesterday at 5:22 am by Rocky
» With Arab and international participation. Tomorrow will be the start of the Fourth Baghdad Internat
Yesterday at 5:21 am by Rocky
» OPEC Secretary General: The end of oil is not on the horizon
Yesterday at 5:19 am by Rocky
» Closing a number of unlicensed offices and companies south of Baghdad
Yesterday at 5:16 am by Rocky
» Repercussions of the bombing...intensive government movements to resume work in the “Kormor” field
Yesterday at 5:15 am by Rocky
» In the presence of Al-Sudani...the opening of the Arab Labor Conference in its 50th session in Baghd
Yesterday at 5:14 am by Rocky
» Al-Sudani: We are working on drawing future visions regarding the “green and digital” economic secto
Yesterday at 5:13 am by Rocky
» Barzani after the Kormor attack: We are ready to coordinate with Baghdad to put an end to these atta
Yesterday at 5:10 am by Rocky
» Al-Sudani directs the formation of an investigative committee into the circumstances of the Kormo fi
Yesterday at 5:08 am by Rocky
» Bismayah is confused about the new electronic portal.. What about the landlord and the subcontracts?
Yesterday at 5:07 am by Rocky
» Kurdistan Government: Loss of 2,500 megawatts of electricity due to targeting the Kormor field
Yesterday at 5:06 am by Rocky
» Crisis in Kurdistan: 12-hour daily power outage and complaints of “confusion”
Yesterday at 5:05 am by Rocky
» The Supreme Anti-Corruption Commission demands Nineveh for the contracts concluded by “Najm Al-Jubou
Yesterday at 5:04 am by Rocky
» Al-Khanjar, Al-Samarrai, and Abu Mazen are hosted by Shaalan Al-Karim to discuss accelerating the se
Yesterday at 5:03 am by Rocky
» Iraq asks the countries of the world to respond to its requests to extradite wanted persons: We have
Yesterday at 5:02 am by Rocky
» “It is coming soon.” The Sudanese advisor sets the date for the referral of the Baghdad metro and th
Yesterday at 5:01 am by Rocky
» Al-Mubarqa: Iraq reserves its full right to respond to the Australian behavior
Yesterday at 5:00 am by Rocky
» Dollar exchange rates on Iraqi stock exchanges... recorded a decline, and this is the list
Yesterday at 4:58 am by Rocky
» Mr. Al-Sadr supports the position of American university students
Yesterday at 4:56 am by Rocky
» Iraqis are ranked 7th in the Arab world on the list of those most seeking immigration to America. He
Yesterday at 4:55 am by Rocky
» Soon.. 3 new hospitals will open in Baghdad
Yesterday at 4:52 am by Rocky
» Sponsored by Al-Sudani...the opening of the Arab Labor Conference in its fiftieth session in Baghdad
Yesterday at 4:51 am by Rocky
» Al-Shammari chairs a meeting at the controlling headquarters to review the results of the security o
Yesterday at 4:49 am by Rocky
» Arab Labor Organization: We commend Iraq's interest in the Arab Labor Conference
Yesterday at 4:48 am by Rocky
» Al-Sudani: The development road project will provide many job opportunities
Yesterday at 4:47 am by Rocky
» Sudanese advisor criticizes Kuwaiti analyzes regarding the development road project
Fri 26 Apr 2024, 2:21 pm by Rocky
» Al-Mandalawi stresses the need to strengthen economic and trade cooperation between Iraq and Poland
Fri 26 Apr 2024, 2:04 pm by Rocky
» Power maneuvers: America provides defensive weapons to Kurdistan in exchange for withholding from Ba
Fri 26 Apr 2024, 10:26 am by Rocky
» Kuwait is drilling an oil well near Umm Qasr, towards Iraqi territory
Fri 26 Apr 2024, 10:24 am by Rocky
» In the document... the first Iraqi ministry identifies the obstacles to changing the new official wo
Fri 26 Apr 2024, 10:22 am by Rocky
» Italian Institute: Iraq is stuck in its own crises, including Baghdad’s efforts to undermine the “au
Fri 26 Apr 2024, 10:21 am by Rocky
» The head of the Integrity Commission announces the holding of an international Interpol conference i
Fri 26 Apr 2024, 10:18 am by Rocky
» Planning: Iraqi companies are not efficient in conducting the population census
Fri 26 Apr 2024, 10:14 am by Rocky
» MM&C 4/25/24 National Bank of Iraq goes live with Temenos core banking and payments
Fri 26 Apr 2024, 8:06 am by Rocky
» A banking official indicates a "danger" to Iraq by depriving more than half of its banks of dollars
Fri 26 Apr 2024, 7:55 am by Rocky
» With the participation of the Association of Private Banks, investment opportunities are on the tabl
Fri 26 Apr 2024, 7:45 am by Rocky
» Within a month... an Iranian border crossing recorded a noticeable increase in exports of goods to I
Fri 26 Apr 2024, 7:44 am by Rocky
» The Association of Private Banks appreciates the efforts of the government and the Central Bank to c
Fri 26 Apr 2024, 7:43 am by Rocky
» Al-Maliki's coalition presents a third candidate for the position of governor of Diyala
Fri 26 Apr 2024, 6:57 am by Rocky
» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
Fri 26 Apr 2024, 6:56 am by Rocky
» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
Fri 26 Apr 2024, 6:54 am by Rocky
» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
Fri 26 Apr 2024, 6:53 am by Rocky
» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
Fri 26 Apr 2024, 6:51 am by Rocky
» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
Fri 26 Apr 2024, 6:49 am by Rocky
» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
Fri 26 Apr 2024, 5:09 am by Rocky
» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
Fri 26 Apr 2024, 5:08 am by Rocky
» Iraq's oil exports rise despite OPEC+ cuts
Fri 26 Apr 2024, 5:06 am by Rocky
» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
Fri 26 Apr 2024, 5:04 am by Rocky
» Al-Araji emphasizes working to strengthen national identity
Fri 26 Apr 2024, 5:02 am by Rocky
» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
Fri 26 Apr 2024, 5:01 am by Rocky