Economic Adviser to the head of Government is the financial reserve "well" in the shadow of the economic crisis
Baghdad Ibrahim Ibrahim
Economic Advisor to Prime Minister Mohammad Saleh appearance on Monday, the value of the fiscal reserves of between 50 to 60 billion dollars, while noting that variable and not fixed by oil revenues, has denied reports that the Government withdraw any amount of that money.
The IMF, stressed that Iraq currency reserve reduced to 54 billion dollars in 2015, indicating that Iraq is continuing to make progress under the IMF monitored program.
He said the Economic Adviser to the Prime Minister and the appearance of Mohammed Saleh, in an interview for "the range", "the Central Bank is moving in accordance with deliberate steps to address gaps in the domestic economy resulting from the lack of government revenue as a result of low oil prices for nearly years.
Saleh said "Government revenue from oil sales reached $ 8 billion in 2013 thus rose to nearly 75 billion dollars, now that oil revenues do not exceed 2 billion dinars per month therefore reserve ranges between 50 and 60 billion dollars.
Economic adviser said that "there is an ongoing coordination between the Central Bank and the International Monetary Fund through the agreements to enter the open market operations to purchase allocate Treasury and liquidity
The "variable reserve because of the size of the revenue derived from the sale of oil and the amount of funds sold through auction to sell daily.
Economic Adviser denied "withdraw any amount of Government Treasury the financial reserve of the country to plug the cash because of the economic crisis."
He stressed that "the Central Bank plans balanced programmes to control the economic crisis through prudent monetary policies pursued by gradually commensurate with the daily work.
He said the Fund, Wednesday (30 March 2016), in a statement received "range", a copy of that "real GDP contracted by-2.1% in 2015 because of continuing armed conflict with organize daash which continue to strain the resources of Iraq, adding to the sharp decline in oil prices causing significant external shock on budget revenue and balance of payments, disrupting traffic and diminishing investor confidence."
The Fund added that "as a result of this widened the current account deficit in the balance of payments of up to 5.1%, leading to a decline in foreign exchange reserves by the end of 2015 Iraqi $ 13 billion dollars to reach 54 billion dollars.
The Fund noted that "Iraq continues to make progress under the program that monitors the IMF", adding that "Iraq has scored three of the five guiding objectives to be achieved by the end of last year, including reducing the level of implementation of wage and pension expenditure, goods, services and transfers".
The Fund, he said that "Iraqi authorities and IMF experts made progress towards reaching an understanding on the programme of economic and financial policies, which can be supported through funding, and would include more measures to adjust the general financial conditions for Iraq, with the aim of making the expenditure conforms to the low level of oil prices".
Iraq was conducted on 27-28 March in the current financial and economic talks with the International Monetary Fund in Oman for a credit policy arrangements (SBA) qualify to obtain loans.
Said economist Mohammed Mustafa Habib in an interview for "the range", "undo the country's cash reserves rapidly is a serious indication, so State financial institutions review their policies, according to market data.
"Successive Governments have wasted billions of random effect on the financial reserve directly without achieving any breakthrough".
Beloved explained that "the Central Bank's insistence on continuing the daily currency auction commissioned the local economy large amounts as a result of adhering to laws and teachings are not commensurate with the deteriorating economic situation in the country nearly biennium".
The "balancing 2015 included an item determines the amount and the capacity of 75 million dollars is sold at auction currency daily to control the financial drain, but the Central Bank law was challenged in court, and continued with the sale of up to 150 million dollars a day.
"The Central Bank is responsible for maintaining the financial reserve for Iraq and work on development and increased through control of the daily activities and supported by new laws and help maintain the commodity and service flow level without the side effects caused by some corrupt speculators."
The Iraqi Government said in a memorandum to the International Monetary Fund, Tuesday 13 klnon second, it plans to finance the deficit in the balance of payments, withdrawals from Iraq as foreign reserves will drop to $ 43 billion in 2016 from 59 billion at the end of last October.
She said, under a program approved by the IMF as a precondition for the loan, from the expected balance of payments deficit of 14 billion dollars in 2015, before shrinking to $ 11 billion in 2016.
Iraq has estimated that GDP will grow by 1.5 percent in 2015 and 10.6 percent in 2016, with increase in oil production, while falling oil prices will lead to a deficit in the budget 15 percent of GDP in 2015, and a deficit of 10 percent in 2016.
[You must be registered and logged in to see this link.]
Baghdad Ibrahim Ibrahim
Economic Advisor to Prime Minister Mohammad Saleh appearance on Monday, the value of the fiscal reserves of between 50 to 60 billion dollars, while noting that variable and not fixed by oil revenues, has denied reports that the Government withdraw any amount of that money.
The IMF, stressed that Iraq currency reserve reduced to 54 billion dollars in 2015, indicating that Iraq is continuing to make progress under the IMF monitored program.
He said the Economic Adviser to the Prime Minister and the appearance of Mohammed Saleh, in an interview for "the range", "the Central Bank is moving in accordance with deliberate steps to address gaps in the domestic economy resulting from the lack of government revenue as a result of low oil prices for nearly years.
Saleh said "Government revenue from oil sales reached $ 8 billion in 2013 thus rose to nearly 75 billion dollars, now that oil revenues do not exceed 2 billion dinars per month therefore reserve ranges between 50 and 60 billion dollars.
Economic adviser said that "there is an ongoing coordination between the Central Bank and the International Monetary Fund through the agreements to enter the open market operations to purchase allocate Treasury and liquidity
The "variable reserve because of the size of the revenue derived from the sale of oil and the amount of funds sold through auction to sell daily.
Economic Adviser denied "withdraw any amount of Government Treasury the financial reserve of the country to plug the cash because of the economic crisis."
He stressed that "the Central Bank plans balanced programmes to control the economic crisis through prudent monetary policies pursued by gradually commensurate with the daily work.
He said the Fund, Wednesday (30 March 2016), in a statement received "range", a copy of that "real GDP contracted by-2.1% in 2015 because of continuing armed conflict with organize daash which continue to strain the resources of Iraq, adding to the sharp decline in oil prices causing significant external shock on budget revenue and balance of payments, disrupting traffic and diminishing investor confidence."
The Fund added that "as a result of this widened the current account deficit in the balance of payments of up to 5.1%, leading to a decline in foreign exchange reserves by the end of 2015 Iraqi $ 13 billion dollars to reach 54 billion dollars.
The Fund noted that "Iraq continues to make progress under the program that monitors the IMF", adding that "Iraq has scored three of the five guiding objectives to be achieved by the end of last year, including reducing the level of implementation of wage and pension expenditure, goods, services and transfers".
The Fund, he said that "Iraqi authorities and IMF experts made progress towards reaching an understanding on the programme of economic and financial policies, which can be supported through funding, and would include more measures to adjust the general financial conditions for Iraq, with the aim of making the expenditure conforms to the low level of oil prices".
Iraq was conducted on 27-28 March in the current financial and economic talks with the International Monetary Fund in Oman for a credit policy arrangements (SBA) qualify to obtain loans.
Said economist Mohammed Mustafa Habib in an interview for "the range", "undo the country's cash reserves rapidly is a serious indication, so State financial institutions review their policies, according to market data.
"Successive Governments have wasted billions of random effect on the financial reserve directly without achieving any breakthrough".
Beloved explained that "the Central Bank's insistence on continuing the daily currency auction commissioned the local economy large amounts as a result of adhering to laws and teachings are not commensurate with the deteriorating economic situation in the country nearly biennium".
The "balancing 2015 included an item determines the amount and the capacity of 75 million dollars is sold at auction currency daily to control the financial drain, but the Central Bank law was challenged in court, and continued with the sale of up to 150 million dollars a day.
"The Central Bank is responsible for maintaining the financial reserve for Iraq and work on development and increased through control of the daily activities and supported by new laws and help maintain the commodity and service flow level without the side effects caused by some corrupt speculators."
The Iraqi Government said in a memorandum to the International Monetary Fund, Tuesday 13 klnon second, it plans to finance the deficit in the balance of payments, withdrawals from Iraq as foreign reserves will drop to $ 43 billion in 2016 from 59 billion at the end of last October.
She said, under a program approved by the IMF as a precondition for the loan, from the expected balance of payments deficit of 14 billion dollars in 2015, before shrinking to $ 11 billion in 2016.
Iraq has estimated that GDP will grow by 1.5 percent in 2015 and 10.6 percent in 2016, with increase in oil production, while falling oil prices will lead to a deficit in the budget 15 percent of GDP in 2015, and a deficit of 10 percent in 2016.
[You must be registered and logged in to see this link.]
Yesterday at 7:52 am by Rocky
» utube 3/28/24 MM&C Iraqi Dinar - IQD Update - SWIFT - Purchasing Power - Urban Renaissance - Releas
Yesterday at 7:51 am by Rocky
» Al-Mandalawi: Iraq is witnessing competition between major companies...and the House of Representati
Yesterday at 7:49 am by Rocky
» The President of the Republic stresses the importance of the role of programmers in developing the w
Yesterday at 7:46 am by Rocky
» The Minister of Industry and Minerals follows up on the technical and production performance of the
Yesterday at 7:45 am by Rocky
» The Minister of Finance is following up on the field the progress of the newly implemented ASYCUDA s
Yesterday at 7:44 am by Rocky
» Statistics: There are more than 15 million bank accounts in Iraq
Yesterday at 7:42 am by Rocky
» Representative: One paragraph hinders the passage of a general amnesty within the House of Represent
Yesterday at 7:37 am by Rocky
» Parliamentary Finance: “The draft federal budget law will be devoid of new job grades.”
Yesterday at 7:36 am by Rocky
» Parliamentary action to resolve the fate of “food security contracts” in 15 governorates
Yesterday at 7:35 am by Rocky
» 300 factories turned into "iron scrap" in Diyala
Yesterday at 7:34 am by Rocky
» A deputy expects the dollar exchange rate to reach 140 Iraqi dinars
Yesterday at 7:32 am by Rocky
» Al-Yasiri: The American administration is working hard to destroy the Iraqi economy
Yesterday at 7:31 am by Rocky
» Infographic: The highest annual salaries of leaders of Arab countries
Yesterday at 7:30 am by Rocky
» Communications announces that the electronic signature project has reached advanced stages
Yesterday at 7:29 am by Rocky
» Parliamentary Integrity presents a file related to Kuwaiti violations of Iraqi oil
Yesterday at 7:27 am by Rocky
» Parliamentary move to include amendments to Parliament’s internal regulations on the agenda (documen
Yesterday at 7:25 am by Rocky
» The Iraqi President urges the Minister of Finance to expedite the payment of salaries to the Kurdist
Yesterday at 7:23 am by Rocky
» Central Bank of Iraq sales exceeded $251 million at today’s auction
Yesterday at 7:21 am by Rocky
» The Foreign Minister questions the "Iraqi resistance" attacks against Israel: the other side did not
Yesterday at 7:20 am by Rocky
» The Minister of Labor announces progress in the electronic payment system
Yesterday at 7:17 am by Rocky
» Interior Ministry: For the first time, we controlled the smuggling of petroleum derivatives by 98 pe
Yesterday at 7:16 am by Rocky
» International companies offer offers to invest in the Dhi Qar marshes.. What distinguishes them?
Yesterday at 7:15 am by Rocky
» “Tough” comments on interest rates raise the dollar globally
Yesterday at 7:14 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in a month
Yesterday at 7:12 am by Rocky
» Recovering more than 100 billion as a result of more than 200,000 employees on social welfare
Yesterday at 7:11 am by Rocky
» The Sudanese consultant announces the completion of Baghdad Metro track designs
Yesterday at 7:08 am by Rocky
» Al-Sudani stresses ending the problem of triple-shift schools
Yesterday at 7:07 am by Rocky
» Iraq begins building two new tankers to transport petroleum products
Yesterday at 7:06 am by Rocky
» Forming a council for “competition and preventing monopoly”
Yesterday at 7:04 am by Rocky
» Features of an Iraqi-Turkish agreement regarding the status of the Kurdistan Workers’ Party
Yesterday at 7:02 am by Rocky
» {Al-Buzrajiya} between the hammer of fraud and the power of the owners
Yesterday at 7:01 am by Rocky
» Ministry of Oil: The gas sector is witnessing great development
Yesterday at 6:59 am by Rocky
» An agreement with Britain in the field of securities
Yesterday at 6:58 am by Rocky
» Discussions between Baghdad and Ankara to open a new port
Yesterday at 6:57 am by Rocky
» Trade: About 11 million citizens updated their new card information
Yesterday at 6:56 am by Rocky
» Electronic payment is sustainable growth
Yesterday at 6:55 am by Rocky
» Experts: Iraq qualifies to be an important tourist country
Yesterday at 6:54 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Yesterday at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Yesterday at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Yesterday at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Yesterday at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Yesterday at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Yesterday at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Yesterday at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Yesterday at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Yesterday at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Yesterday at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Yesterday 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
Yesterday at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Yesterday at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Yesterday at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Yesterday at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Yesterday at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Yesterday at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Yesterday at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Yesterday at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Yesterday at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Yesterday at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Yesterday at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Yesterday at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Yesterday at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Yesterday at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Yesterday at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Yesterday at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Yesterday at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Yesterday at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Yesterday at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Yesterday at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Yesterday at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Yesterday at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Yesterday at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Yesterday at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Yesterday at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Yesterday at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Yesterday at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Yesterday at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Wed 27 Mar 2024, 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Wed 27 Mar 2024, 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Wed 27 Mar 2024, 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Wed 27 Mar 2024, 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Wed 27 Mar 2024, 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Wed 27 Mar 2024, 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Wed 27 Mar 2024, 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Wed 27 Mar 2024, 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Wed 27 Mar 2024, 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Wed 27 Mar 2024, 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Wed 27 Mar 2024, 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Wed 27 Mar 2024, 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Wed 27 Mar 2024, 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Wed 27 Mar 2024, 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Wed 27 Mar 2024, 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Wed 27 Mar 2024, 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Wed 27 Mar 2024, 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Wed 27 Mar 2024, 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Wed 27 Mar 2024, 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Wed 27 Mar 2024, 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Wed 27 Mar 2024, 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Wed 27 Mar 2024, 7:12 am by Rocky