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Fight Stingy .. Economic Trouble !


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CNN. Broadcasting From The Brookings Institute While Brooking A Flight To Baghdad !

 

(by don961)
 

Fight stingy .. economic trouble

translation: Abdul Khaliq Ali

 

 

It is worrisome that Iraq and the international coalition appear to have made no concrete plans for the economic development of Nineveh province. Iraqi officials have been unable to answer questions about what they intend to do in Mosul after liberation, as Iraqis seem to hope that UNDP and the International Alliance will provide much technical and technical work to resettle displaced people, restore basic services and repair damage. It also appears that the Iraqis consider the liberation of Ramadi and Falluja a plan that can be replicated to work in Mosul, but most non-governmental sources believe that the Ramadi and Falluja liberation processes have not done much, and that Mosul is a much bigger challenge than Ramadi and Falluja. 

The inevitable problems that are likely to result from a lack of planning and preparation in Mosul may have a limited impact on the development of Iraqi politics for at least some time. On the other hand, Iraq remains a fragile state still suffering from about ten years of intermittent civil war. The lack of good plans, with the resources to rebuild the Mosul economically as the Iraqi economy seems slow.Life in Baghdad has improved markedly since March 2016. The city is vibrant. There are fewer checkpoints, shops are actively operating, goods flowing into the capital. There are a lot of people and cars on the streets, while traffic is bad but not paralyzed, and even more so, Iraqis treat it as inevitable inconvenience and rarely get angry at it. All this reflects a feeling among Iraqis that things are economically good, no one complains about the lack of anything even electricity. The oil sector is moving well, with output reaching 4.6 million barrels per day last month, although exports keep the OPEC quota at 4 million barrels. 

In the same way, the financial sector is currently stable, but it remains tired and could worsen in the future. The current injection of funds from the World Bank, the IMF, the Alliance and the US loan guarantees have all eased the pressure on Iraq's budget. Employees receive their salaries, albeit lower than before 2014. The government is also able to pay for many of its contracts. But the loans will support Iraq's finances for a few years only, and Iraq can not continue to borrow this percentage. The IMF and the World Bank will not allow it either, as they carefully monitor Iraq's debt to ensure that Iraq does not enter into a crisis through over-borrowing. In addition, as a result of corrupt currency exchange policies, Iraq is suffering from a liquidity crisis. There is not enough money circulating and the CBI is part of the problem. As a result, many Iraqis do not have the money to buy anything other than basic needs, so there is no internal investment because currency trading is more profitable for banks than lending money to businessmen. Moreover, because of rampant corruption in the state, successful businessmen are being blackmailed by the staff unless there is a strong political figure to protect them - even though this character also extorts them, but to a lesser degree. One symptom of this problem is the resentment of rising prices, lack of services and corruption. It is difficult to know which is more frustrating; the lack of goods and services, or the availability of them, but at high prices that are not affordable to the citizen. 

In short, Iraq's economic situation can be tolerated now, but it will be difficult to sustain it in the next 2 to 3 years. Iraq will have to take more major steps to address structural problems in its economy and may again find itself in financial turmoil (unless there is a significant rise in oil prices). Some think within the Iraqi government of how smart these steps are taken. Prime Minister Haider al-Abadi has made this a priority. The economic reform planning team at his office is considering further cuts in subsidies, policies that support development, anti-corruption measures including Introduce wide e-government practices that improve efficiency. The Ministry of Planning is pushing for a plan to build several main roads, including the new high-speed road from Baghdad to Amman, which includes roads linking many of Anbar's cities and financing business development to turn the entire network into a major economic route. A group of technocrats is also trying to carry out major reforms, modernize the banking system, abolish corrupt currency practices, establish an electronic banking system and pay cash in the economy to boost consumption and investment. However, all these plans are still in its infancy, but they will all rise to the weak Iraqi bureaucracy. Given the record of Baghdad over the past 14 years, no one is betting that any of them will bear fruit without the help of the international community. 
عن About: Brookings Institution

 

http://almadapaper.net/ar/news.....32684/link

 

Edited by DinarThug
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2 hours ago, Officiallytook said:

Create demand

 

5 hours ago, chinadawg said:

Sadly there is no rv button or switch....but we are within arms reach of a few laws needing passed and then the deletion of zeros and we can all do the happy dance..

 good going on the observations of what  seems to be needed on our side of the dinar world ...  { get that  value even too .50 cents , give the economy some sort of boost ,  release those dinars from out of the mattress ;)

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15 hours ago, DinarThug said:

 In addition, as a result of corrupt currency exchange policies, Iraq is suffering from a liquidity crisis. There is not enough money circulating and the CBI is part of the problem. As a result, many Iraqis do not have the money to buy anything other than basic needs, so there is no internal investment because currency trading is more profitable for banks than lending money to businessmen. Moreover, because of rampant corruption in the state, successful businessmen are being blackmailed by the staff unless there is a strong political figure to protect them -

I think this might say it all, CORRUPTION AND THE BANKS MAKING MONEY ON CURRENCY TRADING, they are not going to give that up until someone stops them!

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3 hours ago, copper13 said:

Why in the world would they want to hold this up any longer! GET IT DONE!!!!

These corrupt polititions,banksters and gangsters have been very happy with things they way the are,,,they will cling to this gravy train till the last second,,,they could care less about there countrymen,,,,,BUT, BELIEVE THIS,,,GOOD WILL WIN OVER EVIL...GOD SAYS SO......they will go down screaming and fussing like spoiled babies getting there milk bottles pulled for the first time..........stay the course, CLEARLY THE SMOKE IS STARTING TO SETTLE,,,good times is around the bend,,,,keep the faith that brought you this far.

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43 minutes ago, chinadawg said:

These corrupt polititions,banksters and gangsters have been very happy with things they way the are,,,they will cling to this gravy train till the last second,,,they could care less about there countrymen,,,,,BUT, BELIEVE THIS,,,GOOD WILL WIN OVER EVIL...GOD SAYS SO......they will go down screaming and fussing like spoiled babies getting there milk bottles pulled for the first time..........stay the course, CLEARLY THE SMOKE IS STARTING TO SETTLE,,,good times is around the bend,,,,keep the faith that brought you this far.

Sure good times are just around the bend.. But the bend seems a long way off...

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21 hours ago, DinarThug said:

The IMF and the World Bank will not allow it either, as they carefully monitor Iraq's debt to ensure that Iraq does not enter into a crisis through over-borrowing. In addition, as a result of corrupt currency exchange policies, Iraq is suffering from a liquidity crisis. There is not enough money circulating and the CBI is part of the problem. As a result, many Iraqis do not have the money to buy anything other than basic needs, so there is no internal investment because currency trading is more profitable for banks than lending money to businessmen. 

Thanks DT...Now that Iraq has gotten the main cell of ISIS conquered within Mosul, attension can now be concentrated on the corrupt leaders that were supporting and or benefitting from the turmoil the terrorists cell was creating...The international community is now actively monitoring Iraq's financial situation that will add enteral accountability to control corruption...Hopefully the new "technocrats" will work with the international community to help implement the major reforms needed to bring integrity back into the banking system...As far as the liquidity problem the CBI is facing...That's elementary....As long as the dinar is only worth the risk of stuffing a mattress, that's where the citizens will keep it...On the other hand, increase the value of the dinar even with the USD and see how fast the Iraqis get their dinars in a bank vault and then go mattress shopping...jmho 

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45 minutes ago, skeetdog said:

Thanks DT...Now that Iraq has gotten the main cell of ISIS conquered within Mosul, attension can now be concentrated on the corrupt leaders that were supporting and or benefitting from the turmoil the terrorists cell was creating...The international community is now actively monitoring Iraq's financial situation that will add enteral accountability to control corruption...Hopefully the new "technocrats" will work with the international community to help implement the major reforms needed to bring integrity back into the banking system...As far as the liquidity problem the CBI is facing...That's elementary....As long as the dinar is only worth the risk of stuffing a mattress, that's where the citizens will keep it...On the other hand, increase the value of the dinar even with the USD and see how fast the Iraqis get their dinars in a bank vault and then go mattress shopping...jmho 

I want to get my Dinar out of my mattress as well and in a bank vault.  By way of a trade for good ol green back. I just love portraits of dead presidents.

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