Saleh: Central One of the reasons Alantsaraly {Daesh}
7/17/2017


BAGHDAD / Hussein Tgb Shokran Fatlawi
Frank and transparent dialogue can be described talk seminar senior economists gathered in Iraq, addressed the central role in economic life and how it sacrificed its independence in order to work to save the country under grim financial hardship suffered by Iraq due to the decline of crude oil prices in world markets coincided with the terrorist aggression Enter the large country in the war requires the size of a big spending? Where the central mechanisms worked to prevent the collapse of the country economically. The seminar organized by the progress of the development policies of the Institute and discussed the financial and monetary issues hosted by the Central Bank Governor Dr. Ali Keywords financial advisor to Prime Minister Dr. appearance of Mohammed Saleh and was led by the President of the Institute d. Mehdi al-Hafez.

Great shock
Director of the Institute Dr. Mahdi Al - Hafiz at the beginning of the seminar , which was attended by the "morning , " said in a speech that the fiscal and monetary policy in Iraq is still the focus of discussions and conflict of views because of the difficult economic situation and the exposure of financial resources to a big shock down oil prices and rising business terrorist control "Daesh" on a third of the area of Iraq.
He added that this anomaly raised since the beginning of 2016 the importance of thinking about new sources to strengthen the financial situation, particularly through cooperation with the "World Bank" as well as "International Monetary" Fund in order to increase external funding for Iraq and appropriate conditions.
He said Hafiz that the credit phase includes a set of basic functions , including a review of the fiscal policy and the issuance of a new law for that, as well as the restructuring of the banking sector and the emphasis on reviewing the financial statements of the Rafidain Bank and Rasheed Iraqi Trade Bank , which accounts for nearly 90 percent of the deposits of the state. Income distribution in turn , Governor of the Central Bank of Iraq d. On the Keywords stop when treatments that will improve the reality of fiscal and monetary policy, including maximizing local revenue and activating the redistribution of income to move the economy policy by making use of the monetary mass in the markets represented by salaries and wages that a large part of which goes to cover foreign imports, accompanied by the provision of an environment attractive for investment, and stability factors to reduce the migration of money, taking into account the control of imports. At the same time the importance of Alaak legislation to adjust the deficit and public debt allowable limits and controls for some items Aalinvqat, as well as tighter control over the implementation of the general budget and management of the existing treasury cash efficiently and deploy the necessary reports for it. He added Keywords that solution is the root is neither treated the problems and do not achieve the goal under the limited revenue, pointing out that the restriction of the process is the other damage creates demand for the dollar and thus create a layer of manipulators, indicating that all international experience confirms that the imposition of any restrictions, because restrictions would encourage speculation extortion, and the reduction of the dollar leads to increased exchange rate and breadth of speculation and increased demand and as a result, the Mai PEOPLE the Bank is in response to pressure demand, pointing at the same time that the funds are called reserves are not the government but the function address imbalances. He called for reform of the reality of customs and control of the border crossing points, based on a well known international companies, the task of port management, not to mention the importance of encouraging investment as one of the pillars of economic reform, provided that the Basta law and the stability of the general situation so that investors feel protected that the formation of a team linked to the President Ministers with the task of overseeing the investment. Iraq 's debts either d. The appearance of Mohammed Saleh said that the border in Iraq is a problem where they pass through the problems of Iraq across the border, pointing out the possibility of the use of specialized efforts and with an international reputation can cooperate with them to organize the reality of the border and does not allow in any breaches of international companies. Saleh said that the central bank has led a major national role and gave up his independence when he lent the government to overcome the financial crisis, which coincided with the war against the "Daesh" terrorist, and thus became the central independence of the second degree, stressing that the central such as one of the important reasons for the victory of the "Daesh" He pointed out that the debt that pulled Iraq since 2014 is estimated at $6 billion. He pointed out that the investment file in Iraq , the results were not the level of disbursed funds, which amounted to about $360 billion over 10 years in the abundance of time, and the inclusion of a large number of projects, pointing out that the result was disappointing, either in the oil Brackish time has been the trend towards increased quantities of oil produced and the source to compensate for the difference in prices by investing in the oil sector, which is a balanced investment and leaving the leadership of the oil sector means that we came back to the zero point.
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