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About AJACK1445

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  1. 3n1 here is that article Report post Posted 5 hours ago The Central Bank issues a second edition of the categories (25,000, 10,000, 1000, 500, 250) dinars Sunday, October 7 Alsumaria News / Baghdad , the central bank issued on Sunday, the second edition of banknotes categories (25000, 10000.1000, 500.250) dinars, adding that trading banknotes will continue now from the above categories with new categories without any intention of withdrawing them. The bank shows that the variables on the above categories were as follows: For the categories (25000, 10000, 500, 250) JD, it included writing the name of the governor instead of signing it in the old version, in line with what is currently practiced in other countries, Amend the Hijri and Gregorian dates to the two dates (1440 H-2018 AD). As the category of (1000) dinars changed the face of the banknote, where the slogan "the inclusion of marshes and the effects of southern Iraq on the list of world heritage," instead of the image of the Islamic dinar in the old design, based on a decision in this regard in addition to writing the name of the governor also instead of signing In the old version and the modification of the Hijri and Gregorian dates to the two dates (1440 H -2018 AD). The Central Bank of Iraq announced on October 4, 2018, the launch of large amounts of currency for small groups next week, adding that the groups will include a change
  2. Can Someone help me out here? Been away for a couple of weeks just wanted to know when the next session may be held. Thanks AJCK1445
  3. Could only get this much, Baghdad-Iraq AFP-December 7: publish/Iraq/the text of the law on the federal budget of the Republic of Iraq for the fiscal year (2017) passed by the House of representatives on Wednesday. In the name of the people, the Presidency Based on what was passed by the House of representatives according to the provisions of section [first] of article [61] and [III] of article [73] of the Constitution. The President decided to date//2017 Issuing the following law: Law no [] the year 2017 The federal budget law of the Republic of Iraq for the fiscal year 2017 [Chapter I] Income Article 1 First: A federal budget revenue estimates for fiscal year/2017 amount [79011421000] 000 [seventy-nine trillion one ten billion four hundred and twenty one million dinars], as shown in [table/a revenue according to numbers] attached to this law. B-calculation of income from crude oil exports on the basis of the average price of [42] [$ 42] a barrel and an export rate of [3750000] barrels [three million and seven hundred and fifty thousand barrels] including [250000] barrels [two hundred and fifty thousand barrels] product quantities of crude oil in Kurdistan and [300] keg [three hundred thousand barrels] about the volumes of crude oil product through Kirkuk governorate based on exchange rate of [1182] dinars per dollar and all revenue is actually a final revenue To calculate the General Treasury of the State. II: Committed to ministries and other non-related ministries and governorates under all cash amounts received under memorandums of understanding with foreign Governments or institutions of revenue for the federal Treasury and the Federal Ministry of finance reallocated for the purposes for which it was awarded to her in coordination with the Ministry of planning. III: Contributions are credited to ministries and other non-related ministries and provinces after acceptance of the Federal Minister of finance revenue for the federal Treasury, the Federal Minister of Finance Ministry funds allocated to or unrelated to a Ministry according to the purposes for which it was granted. IV: Limit the amounts of grants or contributions by foreign Governments and institutions to ministries and other non-related Ministry or provincial and provincial councils under memorandums of understanding or from the private sector revenue for the Treasury, whether these grants and contributions in the form of technical assistance or the projects under evaluation measures in the Ministry or other records associated with the Ministry, regions and provinces and provincial councils with the relationship and be accepting donations in cash or in kind and reallocated in coordination between beneficiaries and all ministries Federal Planning and finance. VA: Grant amounts are calculated and unused subsidies from State funds allocated to public enterprises by the end of the fiscal year 2016 according to the accounting standards used to calculate the final surplus amounts are Exchange or paid in excess according to these fundamentals down payment on account of the grant allocated to the Department or unit in fiscal year 2017. [Chapter II] Expenditures and deficit Article 2 First: expenditures Allocate $ [100671160790] 000 [100 trillion six hundred and seventy-one billion, one hundred and sixty million seven hundred and ninety thousand dinars] expenses for the fiscal year 2017, including internal and external debt installments amount of [5608898300] 000 [five trillion six hundred and eight billion, eight hundred and ninety-eight million three hundred thousand dinars], distributed by [field/3 total expenditures of table/b expenditure by ministries] attached to this law. A $ [25454018000] 000 [25 trillion and four hundred and fifty-four billion and 18 million] for project expenditure is distributed in accordance with [field/2 expenses of investment projects of the table/b expenditure by ministries] attached to this law. Including [4254018000] 000 [four trillion dollars and two hundred and fifty-four billion and 18 million] through foreign loans. B $ [75217142790] 000 [75 trillion hundred and seventeen billion and one hundred and forty-two million seven hundred and ninety thousand dinars] ongoing expenses of s [field/1-current expenses of [table/b expenditure by ministries] attached to this law. C provision of [112906151] 000 [one hundred and twelve billion nine hundred and six million one hundred and fifty one thousand dinars], among other expenses appropriations contingency reserve to balance the Federal Ministry of Finance of the customizations contained item [i.b.] mentioned above. D provision of [500 million] 000 [500 billion dinars for the reconstruction and development projects in the regions and provinces, including Kurdistan] of customizations referenced item [first/a] of article [2] above is distributed by population of each province and implemented as follows:- 1. on conservation and reconstruction plan conservative districts and its aspects approved by provincial Council depending on the plans by the District Councils and the Ministry of Federal planning aspects for consideration and approval to take into account the most affected areas within the County and to distribute customizations preserve districts and associated aspects as population ratios after excluding the strategic projects that benefit more than one hand or that do not increase the cost of new strategic projects 20% [20%] Conservative customizations including no more than [5%] [5%] of the draft poverty reduction strategy. 2. the Governor shall exclusively approved reconstruction plan and the County Council masses
  4. 2017 Budget Text
  5. There was a study done in 2013 it should be more now I hope! Switch to Arabic Home The Ministry In Brief | COSQC | CSO | NCCMD Iraq and Hungary discussed the possibility of Hungarian companies for building low complexes of the cost in the liberated areas and slums , during a meeting minister of planning its ambassador in Baghdad The Minister of Planning/acting minister of Trade met the Brazilian Ambassador The Minister of Planning met a delegation from the German Development Bank and discussed the priorities of projects financed from the German loan of 500 million Euros The President of the Republic, Mr. Fouad Masoum, visited the ministry of planning and affirmed that the ministry has an important impact in building the future of Iraq and there is not any corruption in its work Dues menus for contractors The Ministry In Brief About Mop H E The Minister of Planning The General Inspector Office Financial & Adminstration Directorate Government Investment Programs Directorate Sectors Planning Directorate of General Governmental Contracts Legal Directorate International Cooperation Department Local and Provicial Development Department of Economic Policy and Finance Human development directorate Executive management for population policies povety Alleviation Strategy officials delegations Contracts Department Laws and Circulars Studies and Reseaches The First Annual Book of the Ministry Tenders and bids Ministries Websites Contact us SITE TOOLS EVENTS CALENDAR NEWS DISCUSSION FORUM INQUIRIES / COMMENTS Number of visitors JuneJulyAugustSeptemberOctoberNovember01,0002,0003,0004,000 Year Visitors June 1,285 July 1,225 August 1,393 September 1,639 October 3,469 November 2,557 Total: 14286308 Home The Ministry In Brief Capital Budget & Public Contracts Planning Budget The Exchange Rate of Foreign Currency in. The Exchange Rate of Foreign Currency in Economic Feasibility Studies Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars. Estimate the shadow price of foreign currency: 1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine. The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs. * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished: · Export-outputs. · Outputs marketed locally that substitute imports. · Imported inputs. · Inputs produced locally that usually go to exports. · Foreign labor. According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules. In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency .... etc.). In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency. 2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc. The justifications to call for the use of an exchange rate that is lower than the official exchange rate are: · The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production. · The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs. · The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods. · The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities. · This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of. And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate. 3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities. The Ministry In Brief | COSQC | CSO | NCCMD Home I Site Map I FAQ I Newsletters I Contact Us I INQUIRIES / COMMENTS I DISCUSSION FORUM I Login Copyright © MoP Iraq 2012 Powered by Synergy Portal from Synergy International Systems
  6. I am truely on the left but for this exercise I will vote with Steve I think he's right!
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