Iraqi News Kanna: The liberation of the Iraqi economy has become a necessity

[carlablum]

Kanna: The liberation of the Iraqi economy has become a necessity

2010-04-04 22:22:04

BAGHDAD (Iba) .. Vice President of the Economic Committee in the House of Representatives before "the liberation of the Iraqi economy has become imperative for Maavath and keep him from falling into the collapse of the opening of competition and support investment in the wake of global economic changes that shook the world in recent years."

He Kanna told the independent press (Iba) today, Sunday, that "the majority of the world liberalized their economies in full at once or completed the liberalization of their economies, and in front of the new reality necessary to find Adail for economic development and lack of focus on oil revenues to support the current budget only.

Indicating that the development of other sectors, the most prominent solutions for the advancement of economic reality. "

"The situation of the Iraqi economy reforms to overcome any problems like the future, weighed down by earlier after the financial crisis because of its reliance on oil is a focal point should learn from them for the future."

We stressed on "the existence of a policy of reform and clear to improve the productive sectors as well as to rapidly activate the role of sectors other oil and re-balance the budget, investment expenditures, giving the full right to promote the country's reconstruction process.

Required to correct the joys of felt the economic benefit of investment."

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[new]

It seems like one more brick on the Yellow Brick Road, and closer we get.

[carlablum]

I like this brick

Economist: It is necessary to adopt the dinar in all business dealings

04/04/2010 13:44

Arbil, April 4 (Akaniwz) - The Undersecretary of the Iraqi Finance Ministry on Sunday, that in order to strengthen the Iraqi dinar exchange rate was changed to deal with tariff and unit using a mobile phone from the dollar to the Iraqi dinar, but economists view that "it is necessary to change dealing in the purchase of all goods from the dollar to dinar. "

The Undersecretary of the Ministry of Finance Fadhil Prophet told Kurdistan News (Akaniwz) today, "because Iraq's national currency, they should support local currency in all business dealings of the Interior, not to deal with the currency of another foreign State, for example, are sold tens of thousands of cards shipment of mobile phones per day in dollars, but recently decided to sell these cards in Iraqi dinars, and this process is a step to strengthen the local currency. "

He said the Prophet that "all operators are invited to adopt the Iraqi dinar in the calculation of unit cost price of queen, but we will not allow an increase the unit price of the call, because this decision should be made naturally."

For his part, the expert said economic substance Ahmed said "the Iraqi decision the adoption of the dinar in the price of telephone calls would have a positive impact in strengthening the local currency, because telecommunications companies have large amounts of capital, the majority of citizens are involved in these companies, and is daily buying and selling large numbers of mobile phone recharge cards. "

He pointed out that "changing the deal from the dollar to dinar local, granting additional power to the dinar's exchange rate, because it enjoys the greatest confidence by the citizens, but it is necessary to the State to adopt this resolution in all business dealings, through the sale of all goods and other products, now are dealing with the dollar in the Iraqi markets broadly, and this has a negative impact on the local currency exchange rate. "

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[terr]

They need more dinars.

[Chief V]

They need RI