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* Challenge Iraq's Monetary Policy Script !


DinarThug
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URGENT: This is the date of Iraq's declaration "free of pretense"

 

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URGENT: This is the date of Iraq's declaration "free of pretense"
08-12-2017 07:51 PM
 

The Euphrates -

 

Al-Furat news that Iraq will be declared 'free of dashing' on Sunday during a major military parade in the arena of celebrations after the liberation of all land.

The commander of the operations of the island and the high-Euphrates Lieutenant General Abdul Amir Rashid Yaarallah announced at dawn today the launch of a new military currency to clear the rest of the land is not liberated. Which is Sunday morning during a military parade in the arena of celebrations

http://www.alforat.info/index......8;id=53255

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2 hours ago, nannab said:

:eek: Say it isn't so !!!!!! :P:P

 

Soooo . . .it's now Sunday ?

 

new military currency to clear the rest of the land is not liberated."  ?????????? WTF ?????

 

Is they is or is they not cleared of " Dashing " One day Rosetta Stone will come out with " Arabish " Color me Confused, Frustrated & Perplexed 

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Hello all , am truly sorry about the repeated posting above😌 since I am still getting the hang of it,just joint the party. Hopefully this crazy ride would be over soon enough💪💘

The reason is at first I do not realize theres an edit button by the side so when I wanted to edit I jump straight to comment section again. As saying still new & learning. Please kindly remove my posting in page one Mr. Moderator coz ( who is this guy hehe) See..even the moderater I do not know who?🙈😌 I do not know how to undo/delete myself. Fyi its still under hidden item. Please accept my sincere apologies🙏

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While reading this " The Central Bank of Iraq estimates that home money is about 34 trillion dinars and represents more than 70 percent of the currency", something came to my mind, this does not mean that all of this currency is free floating around as their are a lot of Governments including ours that are holding a lot of it and will use it as foreign currency reserves to do trading with am I right?

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After the announcement of victory and his departure from the seventh item .. Iraq is moving to a new stage

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2017-12-10 at 10:37
 

The Iraqi Foreign Ministry announced the withdrawal of Iraq from Article VII of the Charter of the United Nations after twenty-seven years, indicating the realization of the Security Council that Iraq has a major role in stabilizing the security of the region and turning it into a safe area for business and investment.

Iraqi Foreign Ministry spokesman Ahmad Mahjoub said that after a series of diplomatic successes achieved by the Iraqi Foreign Ministry, its efforts culminated in the issuance of the Security Council decision to get Iraq out of Chapter VII.

Security Council resolution 2390 was adopted, stressing that the parties (Iraq and the United Nations) had implemented the measures imposed under Chapter VII under resolutions 1958 (2010) and 2335 (2016).

In an interview with "Mawazine News", Mahjoub said that "Iraq was under Chapter VII of the Charter of the United Nations, which placed Iraq under the tutelage of the Fund" Development of Iraq "program" oil for food, Iraq conducted negotiations that led to the withdrawal of Iraq in 2010 from the resolutions of 1956-1957 and part of the resolutions of "1958.

He explained that the decision yesterday 2390 provides for Iraq's commitment to all the resolutions of 1958, which means that Iraq has obtained in accordance with resolution 1935 on the remaining program of "oil for food" of $ 150 million, and therefore Baghdad on the threshold of exit from Chapter VII, But the debt file that Iraq is committed to Kuwait, amounting to 4.7 billion dollars, stressing the pursuit of the Iraqi Foreign Ministry with the brothers in Kuwait to a bilateral file, and thus will emerge Iraq completely from Chapter VII.

On the other hand, the economic expert Durgham Mohammed Ali, Saturday, Iraq's exit from Chapter VII is the most prominent economic event for the current year, indicating that it will pave the way for a safe area for business and investment.

"Iraq's exit from Chapter VII represents an international recognition of the achievement it has achieved for all its financial requirements," Ali said in an interview with Mawazin News. "He is qualified to keep his money abroad and his investments and real estate and banking assets from pursuing any side related to the economic sanctions that lasted for more than 27 years old. "

He explained that "Iraq entered a whole new phase with the issuance of this UN resolution is to obtain full eligibility to obtain a sovereign credit rating and open foreign accounts directly on behalf of the Iraqi government and on behalf of its banks and not through intermediaries as was being done to get rid of the prosecution of money," adding that "This decision will raise the importance of Iraq as a safe area for business and investment and being legally sound in the performance of its sovereign obligations, which encourages the industry of the international working environment in the country.

He also stressed the leader of the wisdom movement Ammar al-Hakim, that Iraq's exit from the seventh item is a precedent in its history and the history of the countries that entered under it, while stressing the need to invest victories in building a strong state.

He promised that the "Iraq out of the seventh item precedent in the history of this item and the countries that entered under it, and puts Iraq in front of a new stage in restoring its status and regional and international," noting that "Iraq is the most qualified countries to play the role of bridge of communication between the countries of the region why? Has the potential and relationships and a new reality imposed by the face of challenges, including the challenge of terrorism, which threatens regional and international security.

For its part, the Committee on Foreign Relations in the House of Representatives on Saturday, the resolution of the Security Council on item VII, a major achievement, stressing that it was taken after the realization of the Security Council that Iraq has a major role in stabilizing the security of the region.

"The law of the Security Council, the International Court of Justice, as well as the United Nations are the ones who make decisions that are binding on all," MP Ahmed Abdullah told Mawazine News. Countries".

Abdullah said that "Iraq has already under the seventh item, to make its money and mechanism of disbursement under international commandments, and this happened after the invasion of Kuwait in 1991," pointing out that "after that began negotiations to remove Iraq from this item."

"The adoption of this resolution by the Security Council will make Iraq capable and capable, especially in its victory over the organization of the" terrorist ".

He described the Security Council's decision as "positive and significant," pointing out that "it was adopted after the Security Council realized that Iraq has a major role in stabilizing the security of the region."

The Prime Minister, Commander-in-Chief of the Armed Forces, Haider Abadi, announced yesterday, the final victory over the organization of calling the terrorist, and the restoration of all Iraqi territory from his control.

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Putin visits the Hameimim base and orders the withdrawal of Russian troops from Syria

599ac026d43750184c8b4567-1-660x330.jpg 

11th December, 2017

Russian President Vladimir Putin arrived here Monday morning at the Russian air base in Syria.

The Russian president was received by Syrian President Bashar al-Assad, Russian Defense Minister Sergei Shweigo and Russian Forces Commander in Syria Sergey Surovkin.

Putin ordered the start of preparations for the withdrawal of Russian troops from Syria. "I ordered the Minister of Defense and the Chief of General Staff to begin withdrawing the Russian forces to their permanent positions," Putin told the military.

 
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http://www.almaalomah.com/2017.....11/263324/

A general panic reigns in the political arena for fear of announcing the names of those involved in corruption


17:08 - 11/12/2017  
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The MP revealed a coalition of state law on the two, on Monday, the existence of a general horror in the political circles of the corrupt for fear of the names expected to be announced that belong to those involved in corruption.


"The government and the Integrity Commission's efforts to combat corruption and to put in place strict mechanisms to prevent cover-up and corruption of corrupt people have avenged the general terror of some corrupt politicians involved in political and political parties."

He added that "there is fear of the list expected to be announced by the Integrity Commission and the corrupt people fear the emergence of their names," noting that "the Integrity Commission is working to ensure the final evidence and proven all the corruption on those names before the announcement and hand over to the judiciary."

It is noteworthy that the Prime Minister Haider Abadi and after the elimination of terrorism in the country confirmed that the next government step is to fight corruption and hit spoilers at the highest level

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11 minutes ago, DinarThug said:

 

"Iraq's exit from Chapter VII represents an international recognition of the achievement it has achieved for all its financial requirements," Ali said in an interview with Mawazin News. "He is qualified to keep his money abroad and his investments and real estate and banking assets from pursuing any side related to the economic sanctions that lasted for more than 27 years old. "

Thug you’re on 🔥!!! 

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1 hour ago, DinarThug said:
The MP revealed a coalition of state law on the two, on Monday, the existence of a general horror in the political circles of the corrupt for fear of the names expected to be announced that belong to those involved in corruption.

 

 

Thanks dt, i realize the corrupt in the goi / iraq have never had to give account for anything other than just serving themselves but c'mon guys/gals stop crying around if you're big enough to play ur big enough to pay ........ lets go    

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8 hours ago, DinarThug said:

Putin visits the Hameimim base and orders the withdrawal of Russian troops from Syria

11th December, 2017

Russian President Vladimir Putin arrived here Monday morning at the Russian air base in Syria.

The Russian president was received by Syrian President Bashar al-Assad, Russian Defense Minister Sergei Shweigo and Russian Forces Commander in Syria Sergey Surovkin.

Putin ordered the start of preparations for the withdrawal of Russian troops from Syria. "I ordered the Minister of Defense and the Chief of General Staff to begin withdrawing the Russian forces to their permanent positions," Putin told the military.

 

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Learn the first comment from the Pentagon after the withdrawal of Russian troops from Syria

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2017-12-11 at 19:34 (Baghdad time)

The announcement by Russian President Vladimir Putin that the withdrawal of his troops from Syria will not affect the actions and priorities of the United States in Syria, said the spokesman of the US Defense Department, Eric Bahon.

"Russian news of troop withdrawals does not mean, in many cases, a real reduction of troops and does not affect US priorities in Syria," Bahon said on Monday.

He said the Washington-led international coalition to fight terrorism would continue its activities in Syria.

The statement was the Pentagon's first comment on the Russian president's decision to withdraw troops from Syria, which was announced during a visit to the Russian air base in Humaim. Putin stressed that the Russian military have accomplished their tasks in the fight against terrorism, which allowed the preservation of Syria as an independent and sovereign state in preparation for a political settlement under the auspices of the United Nations.

"Unfortunately, the assumptions that the war in Syria is over and that the situation can already return to the natural political course are premature," EU foreign policy chief Federica Mugherini told a news conference after the meeting of EU foreign ministers on Monday. Military operations are continuing and people are still dying. "

"With regard to the Syrian settlement, all roads should lead to Geneva," Mujerini stressed. "The real political progress is guaranteed by the United Nations, not by others."

She stressed that the European Union is attending in Brussels for the second international conference of donor countries for Syria, stressing at the same time that "European funds will enter Syria after a political solution to the crisis in Geneva."

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http://annabaa.org/arabic/econ.....cles/13482

The potential and brakes of monetary policy in Iraq

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12th December, 2017 by Dr. Haidar Hussein Al-Tohma
Monetary policy plays many roles and economic tasks to stimulate growth and economic, financial and monetary stability of any country. In Iraq, the central bank made significant progress in guiding the monetary policy compass after the entry into force of the Bank's law in 2004 and the establishment of the rules of monetary independence in accordance with article 56 of the said law. Where the monetary authority succeeded in achieving relative stability in price levels over the past ten years (after the shock of fuel prices in 2007), which contributed to reducing the cost of living and achieve relative stability in the real rates of cash entry for all social segments, including employees in particular because of the stability of their incomes in the short term . The policies of the Central Bank of Iraq to secure a financial and monetary stability umbrella was necessary for the start of investment and the resumption of development efforts and reconstruction, which was included in the national development plans.

However, the opportunity for price stability in the country has not been exploited properly, and the investment and economic development rates have deteriorated over the past years due to the fragile political situation, the internal and regional security turmoil and the ongoing conflict between the center and northern Iraq. Macroeconomic and unilateral national economy and the penetration of financial, administrative, economic and political corruption in most governmental and non-governmental institutions.

Monetary Policy Obstacles

It is possible to highlight the most important challenges that hinder the Central Bank of Iraq from implementing an optimal monetary policy within the framework of economic growth and sustainable financial stability, as follows:

1- The unilateralism of the Iraqi economy and the dominance of the rent-model in the generation of GDP at the expense of the decline of the contribution of other economic sectors such as industry, agriculture and tourism, which increases the depth of structural imbalances and increases the difficulties of monetary policy in achieving their monetary, financial and economic objectives.

2 - Loss of the function of the Iraqi banking sector as a base link between surplus units (savings) and deficit units (investment) in favor of its involvement in the dollar auction and currency smuggling, which weakened the effectiveness of the impact of monetary instruments in the banking sector and directing funds towards development and investment.

3 - The weakness of the banking awareness of the citizen and the prevalence of distorted monetary phenomena such as Kantazn and dollar and currency speculation, contributed significantly to the levels of financial and banking development in the country compared to most countries in the region and the world.

4 - Lack of coordination and harmony between economic policies, especially monetary policy and fiscal policy, given the different trends and economic and financial visions. Monetary policy was more disciplined and regulated in achieving its objectives, while fiscal policy did not have clear features and did not reflect specific economic programs and policies as much as it was a mirror of the flow and decline of oil revenues.

5 - The dominance of the oil resource on the trends of monetary policy and swallow the monetary independence of the Central Bank, in the technical sense, given the shift of money supply from the local currency to a function of government oil revenues, rather than be a function of monetary policy objectives.

6 - The rigidity of the work of monetary instruments (discount rate, open market operations, legal reserve) in favor of adopting the exchange rate as a key tool in achieving price stability. The weakness of the productive apparatus in meeting the needs of the commodity public, relying on imports to provide all types of commodities and other requirements, has been required by the Central Bank of Iraq to focus on stabilizing the exchange rate as a single tool to stabilize price levels and combat inflation.

7 - The nature of Iraq's oil economy turned the central bank into a currency store by providing Iraqi dinars to the government in exchange for oil dollars. In contrast, the existing monetary equation obliged the Central Bank of Iraq to be the only bidder for the dollar in exchange for many parties wishing to acquire the dollar, such as traders, individuals and others. This has led to the accumulation of foreign reserves at the bank during periods of oil recovery, and its decline sharply with the collapse of oil prices.

8 - The aggravation of corruption in the auction of foreign currency sale and the dominance of Mafiat politics and money on a large part of the dollar sold at official prices and resale in the parallel market market prices to achieve profit margins amounting to nearly millions of dollars per month at the expense of erosion of dollar reserves at the Central Bank.

Features deviation correction

The previous challenges reveal the nature of the brakes that hinder the CBI in achieving optimal monetary policy, due to the imbalance of the economic environment in the country and the excessive reliance on oil in funding the budget as well as the spread of corruption and other challenges inherent in the structure of the Iraqi economy. However, some measures may help to activate the monetary policy and its success in achieving its monetary, financial and economic objectives. The most important is to create a channel for coordination, consultation and co-operation between the finance policy and the monetary policy in order to swallow trends and maintain financial deficits (As in 2016), on the one hand, and the depletion of the dollar reserve in the bank (a decline due to worsening fiscal deficits) on the other.

On the other hand, finding a new outlet to feed demand for the dollar without going through the foreign currency auction will be a long step towards eliminating the whales of corruption and maintaining the bank's foreign currency reserves. The development of the Iraqi market for securities can also increase the absorption of savings and individual reserves and re-pump them into projects Development and investment, as well as the role of the financial market in re-feasibility and effectiveness of monetary instruments and provide funding for the government and companies.[/size]

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An expert warns of a "close" financial crisis and holds the government responsible for declining revenues


خبير يحذر من أزمة مالية "قريبة" ويُحمل الحكومة مسؤولية تراجع الإيرادات 

12th December, 2017
Financial expert Mehdi Nemeh Sarraf blamed the central government for falling revenues, warning that the financial crisis would worsen in the next two years. 

Al-Sarraf told Al-Ghad Press that "the previous governments of Iraq, that is, after 2003 until 2014, were in a state of stagnation and security because of the large imports of crude oil through the sale of crude oil, and where the price per barrel to more than 110 dollars, but after Low oil prices globally to below $ 50, the financial situation of Iraq has deteriorated. "

 

He added that "the decline in oil prices have been of great benefit to Iraq, to recover from his coma and non-survival based on the sales of oil and reduce the waste of money on things Complementary, starting from the salaries of prestigious personalities of various state institutions and the disappearance of the local product. 

He added that "the government to implement what it promised, which is to maximize its resources through the support of existing joints such as the local industry and tourism and the development of agriculture and support the oil product, namely the establishment of refineries and the investment of gas associated with the full." 

Al-Sarraf warned of "worsening the financial crisis in Iraq in the event of non-maximizing resources and find a way other than oil," noting that "the first affected employees, if the situation remains the same, the government will not be able to pay what it owed to its employees."

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Video: Local government calls on the people of Nineveh Plain Christians to return to their liberated areas

11th December, 2017

An order to return and encourage displaced and displaced Christians at home and abroad to their regions, the Nineveh Provincial Council held a workshop in Erbil to discuss ways of restoring stability and spreading the community peace to the Nineveh plain. 

In this context, Lara Zara, Director of the Al-Qush District, said: "So far we observe and witness the Christians in particular, who are returning to their homes. We are taking this center of the judiciary free of Christians. But as a form, but in ideas, have we liberated these problematic ideas, we need to work on thought. " (Spoken words)"Today we are working in the beginning on the basic thing of which is to have an integrated social peace investigation in Nineveh province. This workshop is a continuation of a series of workshops and seminars and called for achieving social peace and peaceful coexistence in general, " said Noureddine Qablan, Nineveh province ". (Words spoken) The participants stressed that the people of Nineveh Plain waiting for the restoration of their homes and repair the damage suffered in preparation for the restoration of life and stability to the full. 

For his part, said Hossam al-Din Abbar, a member of the Nineveh Provincial Council: "The return of stability is the first stage and very important for the encouragement and return of the displaced, whether they are outside the mandate or outside Iraq because today a large section of people to say where services are then the return of services and reconstruction is a very important situation "He said. (Spoken words)

The participants appreciated the role of the security forces in their areas, stressing that the continuation of stability, maintaining the prevailing security and ensuring that the tragedies and tragedies that have returned will not encourage other Christians to return to their areas in the Nineveh Plain soon.

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2017/12/12 (00:01 PM) - Number of readings: 401 - Number (4085)
 
 
Parliamentary Finance: Budget deficit decreased to 13 trillion dinars after it was 27 trillion

 Range / Nour Ali 

The Finance Committee announced a significant decline in the deficit of the budget of 2018 General, where it constituted 27 trillion dinars of the total size of 108 trillion dinars, to become today 13 trillion dinars, because of the recommendations of the International Monetary Fund, which put Iraq in the right way in the management of state funds And the pressure of government expenditures, she said, with the increase in oil prices than expected, while an economist believes that the reasons for the decline is the growing sources of financial revenues in the budget, in addition to the optimization of non-oil resources.

It is worth mentioning that the financial stability in Iraq and the elimination of the budget deficit is not limited to reducing wasted spending, but also depends on increasing non-oil revenues even as oil prices are modest, and as long as the security situation continues to improve, Iraq has a good chance to attract Traders and investors much needed to meet reconstruction needs over the next two years.

According to a member of the parliamentary finance committee, Ahmed Kanani said in an interview for (the extent) that the current deficit in the budget is estimated at "13 trillion after it was 27 trillion dinars, as there are no new deductions in the salaries of employees and retirees this year and keep them as they were before, Noting that the low proportion of the deficit in the budget of 2018, came because of the conditions of the International Monetary Fund, which put Iraq in the right way to manage state funds, not to mention the pressure of government expenditures, which is clear to all institutions and ministries to reduce the proportion of excess surpluses need, including reducing dividends, He added: On the other hand, The austerity measures taken by Prime Minister Haider al-Abadi led to convincing results. 

Kanani believes that if the budget was better checked by the Council of Ministers, as is currently the case in the House of Representatives, we may have now a surplus of up to 8 trillion dinars, saying by saying: The budget was built on the basis of the price of selling oil 46 But today the price of the barrel exceeded $ 63, so the budget had to be built on the basis of the sale price of $ 50 a barrel at a minimum, and here the difference has reached the limit of $ 4 per barrel, which will provide the budget of about 7 trillion. 

Kanani stressed: the need to have a real collection, whether in ports or border ports and electricity and other facilities that can provide the state treasury with huge funds, therefore, if we do this procedure, we will have a surplus in the budget for this year, on the other hand, the presence of Changes and transfers in some government institutions that do not need to spend large amounts and cancel or reduce, certainly will not suffer from any financial deficit for this year. 

The reasons for the decline in the deficit of the budget of 2018, is the difference between the estimated financial revenues and operational and investment expenses, in addition to maximizing non-oil resources, and the change in oil prices, as experts believe, at the time emphasizes expert on economic affairs, (Range) that the budget that the parliamentary Finance Committee, along with the so-called corrective budget, which shows the amount of deviation that occurs in the budget, especially in relation to the proportion of the deficit. 

The deficit for this year in the general budget is much lower than in the previous year. The reasons for this decrease are the difference between the revenues and operating and investment expenses and the growing sources of revenues in the budget. The budget for 2018 is different from last year's budget, "The difference between the price of oil approved by the budget on the basis of $ 43 per barrel, and the price of a barrel of oil at the moment, which reached $ 63 a barrel, This difference in prices has provided sucking New financial assets managed to reduce the deficit). 

The current deductions from salaries of employees and retirees have no legal basis and should therefore be eliminated in the 2018 budget, because these deductions were exclusively for military expenditures and public mobilization salaries, which means that the justifications on which these deductions were based Has disappeared completely and must also be canceled, but it seems to remain for other reasons as we heard from the World Bank, in accordance with the new additional conditions placed on Iraq.

link

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On ‎12‎/‎7‎/‎2017 at 9:59 PM, Laid Back said:

If 34 trillion represent 70% of the money supply, 48.5 trillion will be the total money supply

 

34 trillion of chunky cash stashed at homes.... Only 14.5 trillion in circulation means a Liquidity problem.!

 

The CBI will have to take measures really soon, to get the chunky cash.

 

Go CBI

Go new monetary policy 

Go RV

Go chunky cash

 

 

:twothumbs:

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On 12/7/2017 at 8:59 PM, Laid Back said:

The CBI will have to take measures really soon, to get the chunky cash.

 

hmm. a certain amount of time to bring them in for new notes is one sure way to get them .... a different currency rate value would have to be associated with lower denoms which inside their borders want be that big of a deal to most citizens a dinar is just a dinar in iraq, price of goods will move to match the new currencies strength ( purchasing power ) im speculating the cbi will give a time period to bring those notes in for new to get that hoarded money in ... strictly my opinion of course ... cheers

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2 hours ago, DinarThug said:
 Parliamentary Finance: Budget deficit decreased to 13 trillion dinars after it was 27 trillion

 Range / Nour Ali 

The Finance Committee announced a significant decline in the deficit of the budget of 2018 General, where it constituted 27 trillion dinars of the total size of 108 trillion dinars, to become today 13 trillion dinars, because of the recommendations of the International Monetary Fund, which put Iraq in the right way in the management of state funds And the pressure of government expenditures, she said, with the increase in oil prices than expected, while an economist believes that the reasons for the decline is the growing sources of financial revenues in the budget, in addition to the optimization of non-oil resources.

It is worth mentioning that the financial stability in Iraq and the elimination of the budget deficit is not limited to reducing wasted spending, but also depends on increasing non-oil revenues even as oil prices are modest, and as long as the security situation continues to improve, Iraq has a good chance to attract Traders and investors much needed to meet reconstruction needs over the next two years.

According to a member of the parliamentary finance committee, Ahmed Kanani said in an interview for (the extent) that the current deficit in the budget is estimated at "13 trillion after it was 27 trillion dinars, as there are no new deductions in the salaries of employees and retirees this year and keep them as they were before, Noting that the low proportion of the deficit in the budget of 2018, came because of the conditions of the International Monetary Fund, which put Iraq in the right way to manage state funds, not to mention the pressure of government expenditures, which is clear to all institutions and ministries to reduce the proportion of excess surpluses need, including reducing dividends, He added: On the other hand, The austerity measures taken by Prime Minister Haider al-Abadi led to convincing results. 

Kanani believes that if the budget was better checked by the Council of Ministers, as is currently the case in the House of Representatives, we may have now a surplus of up to 8 trillion dinars, saying by saying: The budget was built on the basis of the price of selling oil 46 But today the price of the barrel exceeded $ 63, so the budget had to be built on the basis of the sale price of $ 50 a barrel at a minimum, and here the difference has reached the limit of $ 4 per barrel, which will provide the budget of about 7 trillion. 

Kanani stressed: the need to have a real collection, whether in ports or border ports and electricity and other facilities that can provide the state treasury with huge funds, therefore, if we do this procedure, we will have a surplus in the budget for this year, on the other hand, the presence of Changes and transfers in some government institutions that do not need to spend large amounts and cancel or reduce, certainly will not suffer from any financial deficit for this year. 

The reasons for the decline in the deficit of the budget of 2018, is the difference between the estimated financial revenues and operational and investment expenses, in addition to maximizing non-oil resources, and the change in oil prices, as experts believe, at the time emphasizes expert on economic affairs, (Range) that the budget that the parliamentary Finance Committee, along with the so-called corrective budget, which shows the amount of deviation that occurs in the budget, especially in relation to the proportion of the deficit. 

The deficit for this year in the general budget is much lower than in the previous year. The reasons for this decrease are the difference between the revenues and operating and investment expenses and the growing sources of revenues in the budget. The budget for 2018 is different from last year's budget, "The difference between the price of oil approved by the budget on the basis of $ 43 per barrel, and the price of a barrel of oil at the moment, which reached $ 63 a barrel, This difference in prices has provided sucking New financial assets managed to reduce the deficit). 

The current deductions from salaries of employees and retirees have no legal basis and should therefore be eliminated in the 2018 budget, because these deductions were exclusively for military expenditures and public mobilization salaries, which means that the justifications on which these deductions were based Has disappeared completely and must also be canceled, but it seems to remain for other reasons as we heard from the World Bank, in accordance with the new additional conditions placed on Iraq.

link

 

2 hours ago, DinarThug said:

http://www.almaalomah.com/2017.....12/263455/

Oil jumps to its highest level since mid-2015

%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8

Brent crude jumped 1.5 percent on Tuesday to its highest level since mid-2015 after the closure of the North Sea pipeline, which in turn halted large supplies from a market already scarce due to OPEC-led production cuts.

Brent crude was $ 65.63 a barrel at 0556 GMT, up 94 cents, or 1.5 percent, from the previous close.

This is the first time Brent has exceeded $ 65 since June 2015.

West Texas Intermediate crude <LCOc1> was up $ 58.41 a barrel, up 42 cents, or 0.7 percent of the last settlement.

The pipeline, which transports Fortis, Britain's largest oil pipeline with a capacity of 450,000 bpd, was closed on Monday after cracks were detected. 

 

http://www.almaalomah.com/2017.....12/263455/

Oil jumps to its highest level since mid-2015

%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8

 

Brent crude jumped 1.5 percent on Tuesday to its highest level since mid-2015 after the closure of the North Sea pipeline, which in turn halted large supplies from a market already scarce due to OPEC-led production cuts.

Brent crude was $ 65.63 a barrel at 0556 GMT, up 94 cents, or 1.5 percent, from the previous close.

This is the first time Brent has exceeded $ 65 since June 2015.

West Texas Intermediate crude <LCOc1> was up $ 58.41 a barrel, up 42 cents, or 0.7 percent of the last settlement.

The pipeline, which transports Fortis, Britain's largest oil pipeline with a capacity of 450,000 bpd, was closed on Monday after cracks were detected. 

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Didn't Uncle Adam say we needed to be over $60 a barrel for this thing to lift off? 

4 minutes ago, DinarThug said:

 

 

http://www.almaalomah.com/2017.....12/263455/

Oil jumps to its highest level since mid-2015

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Brent crude jumped 1.5 percent on Tuesday to its highest level since mid-2015 after the closure of the North Sea pipeline, which in turn halted large supplies from a market already scarce due to OPEC-led production cuts.

Brent crude was $ 65.63 a barrel at 0556 GMT, up 94 cents, or 1.5 percent, from the previous close.

This is the first time Brent has exceeded $ 65 since June 2015.

West Texas Intermediate crude <LCOc1> was up $ 58.41 a barrel, up 42 cents, or 0.7 percent of the last settlement.

The pipeline, which transports Fortis, Britain's largest oil pipeline with a capacity of 450,000 bpd, was closed on Monday after cracks were detected. 

 

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