Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

The Finance Committee reveals the mechanism for paying Iraqi debts .. And the Central reveals its policy to control the exchange rate


yota691
 Share

Recommended Posts

1 hour ago, gregp said:

Thanks, Yota!!

Synopsis, thanks for your wisdom!

:bump:

 

38 minutes ago, ChuckFinley said:

Great job Synopsis. Trying to translate this stuff is brutal.  :lol:

 

22 minutes ago, gregp said:

 

Gives me a headache just trying. 

 

Thank You, Gentlemen!

 

Yeah, I'm about all spent reading through this stuff and trying to make the best use of what ever I have left of connect-the-dots. I could use a vacation or something with a brand spankin' new RV!!!

 

OH, YEAH, BABY!!!

 

Go, Go, Go Moola Nova!

:twothumbs:   :twothumbs:   :twothumbs:

  • Upvote 11
Link to comment
Share on other sites

The worsening economic crisis Iraq war and hinder the repayment of its debts

 

 

25k5.jpg

 

 

BAGHDAD - Anatolia: The Government of Iraq hopes to pay off the country 's internal and external debt, according to a policy seen by economists as unrealistic and hindered most notably high debt compared to the decline in world oil prices, and the cost of continuation of the war on the organization «Islamic State» terrorist. 

Iraq relies on financial revenues on the export of crude oil by 97 percent, while the government is currently working on activating industry, agriculture and trade sectors to provide additional revenue. 

And occupies Iraq 's oil reserves , advanced rank among the producing countries. It comes in ninth place among the world 's rich natural gas, after Russia, Iran, Qatar, Saudi Arabia, UAE, America, Nigeria and Venezuela. 

The proven reserves of w

 

  • Upvote 1
Link to comment
Share on other sites

 
 
14260.jpg
   

Economy News Baghdad :

Denied the source of government Iraqis are reported in the agency Anatolia of Turkey concerning the  achievement of Iraqi debt 162 billion . 

Said the source , who preferred not to disclose for his name,   for "economy News",  that " the publication of the figures are misleading on addressing the issues of indebtedness of government which came figures exaggerated where and confused at the time himself stated that the views of non - specialized affairs in the financial ."

 

The report published in the agency Anatolian Turkish, spoke about reaching the debt of Iraq 162 billion dollars , including 120 billion dollars debt internal .

 
Views 540   Date Added 26/05/2017 - 14:09   Last updated 05/27/2017 - 12:37   No. Content 7630
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Deputy announces Iraq's total debt until the end of 2016
 
Wednesday July 5, 2017 10:14

 

Search Bigger
 

Alsumaria News / Baghdad
, said a member of the Finance Committee in Parliament MP Magda Tamimi , Wednesday, total debt of Iraq until the end of 2016, indicating that these debts amounting to 111.725 billion dollars. 

Tamimi said in a statement received Alsumaria News, a copy of the "total external debt of Iraq until the date of the 31st of December 2016, is 68.220 billion dollars, equivalent to 80,636,347 trillion dinars," indicating that "total internal debt up to date the same amounted to 43.505 billion dollars, equivalent to 51,422,496 trillion dinars for a total public debt 111.725 billion dollars. "

  •  

He said al - Tamimi said , "Don include Club Paris and outside the Paris Club and commercial creditors, the Arab Monetary new borrowing fund debt , untreated, compensation of Kuwait and the arrears of international oil companies and arrears of energy imports, in addition to remittances auctions and loans self - financing companies and remittances deficit financing, projects and loans and the Ministry of Electricity." 

Revealed Prime Minister Haider al - Abadi , on May 16 , 2017 that most of the debt incurred by Iraq 's internal and not external, stressing that his government began to turn off some of the debt despite the decline in oil prices.
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Deputy: 111.725 billion dollars, the total debt of Iraq until the end of 2016

Deputy: 111.725 billion dollars, the total debt of Iraq until the end of 2016

7/5/2017 1:54:00 AM 55 Number of readings
 

10572017_122442017_sada.jpg

 

 

 

Khandan -

Revealed MP Magda Tamimi , a member of the parliamentary finance committee, for Iraq 's total debt until the end of the year 2016, while those showed that the total debt amounted to $ 111.725 billion. 

The MP Magda Tamimi said in a statement, " The total external debt of Iraq until the date of 12.31.2016 is 68.220 billion dollars, equivalent to 80,636,347 trillion dinars." 

While total domestic debt until the same date amounted to 43.505 billion dollars, equivalent to 51,422,496 trillion dinars, to be the total public debt to $ 111.725 billion, according to Tamimi. 

She said a member of the parliamentary finance committee, said that these debts include (Paris Club debt and outside the Paris Club and commercial creditors), and ( the Arab Monetary Fund and the new borrowing and debt , untreated), and (compensation of Kuwait and the arrears of international oil companies and arrears of energy imports). 

It also includes (remittances auctions and loans self - financing companies and remittances deficit financing, projects and loans and the Ministry of Electricity).

  • Upvote 2
Link to comment
Share on other sites

Finance Committee: Iraq's total debt until the end of 2016 amounted to "111.725" billion !!

July 5, 2017

image.php?token=cf04da5a25f6d1a87416ea74982d1f8f&size=

Revealed MP Magda Tamimi , a member of the Finance Committee of Parliament, for Iraq 's total debt until the end of the year 2016, while those showed that the total debt amounted to $ 111.725 billion.
 
It said MP Magda Tamimi said in a statement, that 'total external debt of Iraq until the date of 12.31.2016 is 68.220 billion dollars, equivalent to 80,636,347 trillion dinars.'
 
While total domestic debt until the same date amounted to 43.505 billion dollars, equivalent to 51,422,493 trillion dinars, to be the total public debt to $ 111.725 billion, according to Tamimi.
 
The statement said that these debts include (Paris Club debt and outside the Paris Club and commercial creditors), and ( the Arab Monetary Fund and the new borrowing and debt , untreated), and (compensation of Kuwait and the arrears of international oil companies and arrears of energy imports).
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Abadi adviser: Iraq’s debt did not reach 111 billion dollars
By
 rami
 -
July 8, 2017
4
0
 
 
4-4.jpg?fit=800%2C535
 

Denied the adviser to the Prime Minister for Finance, the appearance of Mohammed Saleh, what is traded on the arrival of Iraq’s debt to 111.725 billion dollars, stressing that this figure “very exaggerated,” as he put it.
Mohammed Saleh said in a press statement on Saturday that “the news that has been circulated recently about the rise of international debt on Iraq to the number of 111.725 billion dollars is incorrect,” calling on all those who authorize to resort to analyze the composition of these debts before the launch, Nina news agency.
“From an analytical point of view, 42 billion dollars, or 38 percent of Iraq’s foreign debt, is a question mark, which is an odious debt that has no legal documents but only international allegations,” he said, adding that all debts due to the period of the economic embargo on Iraq may Written off in accordance with the Paris Club Agreement signed on 21.11.2004 and not recognized internationally.
He also pointed out that there are “48 billion dollars of debt due to the Iran-Iraq war is not borne by the Iraqi people,” noting that the Paris Club agreement written off more than 80% of Iraq’s sovereign debt and many others, but the other 20%, which represents processing Iraq with weapons of destruction The mass has not been written off and paid by Iraq.
He went on to say that Iraq resorted to foreign loans after 2014 due to the decline in oil prices and because of the war against the urge to run the economy, stressing that Iraq needs to address debt and reliance on economic resources other than oil.
The member of the Finance Committee parliamentary MP Magda Tamimi, announced last week that the total debt of Iraq by the end of 2016, reached 111.725 billion dollars.

  • Upvote 3
Link to comment
Share on other sites

CNN. Broadcasting From Parliament While Placing A Lien On The Presidential Camel Motorcade !

 

 

LINK

Parliamentary Finance": 85% of Iraq's debt caused by Saddam's regime

10848059_868059566608890_2199664909932370288_n-570x330.jpg 

8th July, 2017

 

Confirmed "Parliamentary Finance Committee" on Saturday, said 85% of Iraq's debt back to the legacy of former President Saddam Hussein's policies, noting that "$ 41 billion, of which the Gulf states."

The committee member said Masood Haider's «News Journal» that "85% of the registered debt on Iraq dating back to the former regime."

"The Gulf states on Iraq, $ 41 billion for the Gulf States," noting that the Gulf did not ask us to do and called "frozen debt."

"When the country is exposed to war and terrorism and the economic situation is unstable, one of the ways in which fills the shortfall is Aljawoualy debt, whether internal or external."

He said the Finance Committee member, said "most of Iraq's debt is internal and can be addressed."

Haider said that "Iraq needs to activate the private sector and increasing non-oil revenues to provide employment opportunities for energy."

He explained, "the supplementary budget reached the Iraqi parliament and learned it was 9 articles in which determine the price of a barrel to 44 dollars and 40 cents oil exports 3.75 million barrels per day."

He explained that he "has increased investment expenditure in order to have been allocated to the liberated areas and reconstruction and re-strategic infrastructure," noting that "would be the IMF's strong support for Iraq's reconstruction."

Revealed the Finance Committee member Magda Tamimi earlier about Iraq's debt rising to more than $ 111 billion.

 

  • Upvote 4
Link to comment
Share on other sites

I think it is a bit of a stretch ,too blame the dead guy , after malarkey and his bunch raided the coffers ... sure  maddas  did start the damage , and it has frozen accounts , but who stepped in and made off with the billions in the last 10 years , not abidi  ... and not sabibi

  • Like 1
  • Upvote 2
Link to comment
Share on other sites

and that is  true statement....all in all now that you say that Maliki prob did steal just as much if not more...

 

I still want to know who has the gold that was there before Saddam was in power

Edited by SnowGlobe7
  • Upvote 3
  • Downvote 1
Link to comment
Share on other sites

  • yota691 changed the title to Central Bank announces rise in domestic debt of 48 trillion dinars
848.jpg
Central Bank Governor Ali Keywords statement during a seminar center
 
 

Economy News Baghdad:

Revealed the governor of the Central Bank of Iraq on the Keywords, on Sunday, rising domestic debt to 48 trillion dinars, adding that monetary policy faces many challenges, including the inability of the Maronites and the balance of payments deficit.  

Keywords and said during a seminar hosted by Bayan Center for Studies and Planning and attended by "Economy News", "internal debt currently stands at 48 trillion dinars," noting that "the central bank would continue its initiative in supporting the real sector growth through agricultural and industrial lending and housing initiatives."

He stressed that "monetary policy in Iraq is facing a number of challenges, including the non-oil deficit and the budget deficit and the balance of payments deficit," noting that "in order to achieve financial and monetary stability requires a reduction of non-oil deficit by maximizing local revenue and control local expenditures and setting limits for operating expenses" .

He noted that "the decline in oil sales revenues of 92 trillion dinars in 2015 to 42 trillion dinars in 2016 led to a rise in the budget deficit," adding that "should build the budget to stabilize the price of a barrel of oil to $ 40 for the next five years to reduce the shortfall. "

Keywords noted that "the process of selling the currency needs a deep understanding in light of the big accusations against the bank without evidence proving the existence of suspicions of corruption or money laundering operation or smuggling of currency."

 

 

Views 290   Date Added 09/07/2017

  • Upvote 1
Link to comment
Share on other sites

  • yota691 changed the title to Member Balgnapeh: Iraq's external debt exceeded the 111th billion last year

Member Balgnapeh: Iraq's external debt exceeded the 111th billion last year

Member Balgnapeh: Iraq's external debt exceeded the 111th billion last year
Parliamentary Finance Committee at a previous meeting
 
 July 18, 2017 12:23

Direct: said a member of the Parliamentary Finance Committee, said that the total foreign debt exceeded $ 111 billion last year, according to the Iraqi News Agency.

She explained Magda Tamimi, that these debts include 41 billion on the previous regime for the Gulf States.

Tamimi confirmed, according to the agency, that Iraq does not need any external loans to pay off the budget deficit for the current year in the event of termination of the administrative and financial corruption.

She Tamimi: "We must pull the large whales, which controls on imports of customs and smuggling of oil, taxes and other government revenues as well as financial waste in the hands of the budget," according to the agency.

She drew Tamimi, the government borrowed this year, about $ 1.6 billion from the International Monetary Fund, and wait for about another 4 billion in the case of fulfillment of the conditions for loans.

  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to International Monetary Fund: Iraq's debt will rise next year to 132.6 billion dollars
1487.jpg
Logo of the International Monetary Fund
 

Economy News Baghdad: 

The International Monetary Fund (IMF) announced on Wednesday that the Iraqi debt during the current year is 122.9 billion dollars, expected to rise next year to 132.6 billion dollars. 

The International Monetary Fund said in a press statement read by the "Economy News" after the conclusion of the second review of the performance of the Iraqi economy under the credit agreement and Article IV consultations for 2017, "The Iraqi debt during the year 2017 amounted to 122.9 billion dollars and will rise in the next year to 132.6 billion dollars "He said. 

He added that "external government debt is currently 67.5 billion dollars and will be next year 73.7 billion dollars," pointing out that "government debt constitutes 63.8% of gross domestic product."

 

 

Views 989   Date Added 02/08/2017

  • Upvote 3
Link to comment
Share on other sites

  • yota691 changed the title to Iraq's debts amounted to 120 billion dollars .. Corruption is at the top of the reasons
The International Monetary Fund expects Iraq's debt to reach $ 120 billion by the end of the year and exceed $ 130 billion in 2018
The International Monetary Fund expects Iraq's debt to reach $ 120 billion by the end of the year and exceed $ 130 billion in 2018

RUDAOUDI - Sulaymaniyah 

After the war on an organized organization, Iraq seeks to rebuild the devastated areas so that hundreds of thousands of displaced people can return to their homes and properties, but the economy of Iraq is exhausted and has a large debt. The decision of the Finance Committee in the Iraqi parliament, Ahmad Haji Rashid, "Iraq is currently owed 120 billion dollars." 


"I am currently engaged in a thorough study of Iraq's debts and the fate of Iraq is at risk because of the magnitude of its debts," Ahmed Haji Rashid told the RODAO news network. 

"The debt of Iraq has so far reached 111 billion and 725 million dollars, but the problem is that Iraq is still seeking to borrow more money to cover the costs of war and the payment of salaries of employees." 

The Kurdish official in the Iraqi government, that " 

Officials in Baghdad are still waiting for the World Bank to get another chance to borrow more money, and Iraqi officials are waiting for Japan to obtain a debt of $ 150 million to start a water and electricity project. " The decision of the Finance Committee in the Iraqi parliament that" before the fall of the former regime Iraq was debtors to the Gulf States about 41 billion dollars "He 

pointed out that" the debts of Iraq worsened after 2014, knowing that Baghdad had cut the budget of the Kurdistan region at the time. " 

Haji Rashid added that" Iraq borrowed $ 51 billion from France as well, But Baghdad has fulfilled a large part of this Debt, leaving only 5 billion and 500 million dollars. " 

Iraq has been a country rich in oil and a lot of other natural resources, but since its establishment, Iraq has seen stability only rarely, so he spent most of his imports on the purchase of weapons and explosives and military equipment, and Iraq was constantly beginning to reconstruct the devastation that was caused by these wars and crises, Although Iraqi officials were preaching the reconstruction of Iraq after the fall of Saddam Hussein's regime, a US researcher in the reconstruction of Iraq confirmed that "$ 6.6 billion was wasted during the reign of former Iraqi Prime Minister Nuri al-Maliki, and Iraq has never benefited from Sun Development Bank to strengthen its economic infrastructure ". 

For his part, a member of the Iraqi parliament, Ardalan Noureddine, that "there is a positive aspect to cut Baghdad budget of the Kurdistan Region, because the region would have been paid to pay billions of dollars owed by Baghdad." 

Noureddine added that " 

The money that Baghdad borrowed until before 2014, the Kurdistan Region to participate in the delivery even if declared independence, because the region was getting 17% of the budget of Iraq until that date. " Iraq is known as one of the most corrupt countries in the world, where Is ranked 161 out of 168 countries in the classification of corruption, and the high rate of corruption in Iraq has become a reason to waste Iraqi resources and wealth and not to benefit from and investment 

According to the International Monetary Fund, the local revenues of Iraq to $ 174 billion, and Iraq's debt is 61 % of local revenues. He 

also predicted Sanad And the international money, that Iraq's debt by the end of this year to 120 billion dollars, and to exceed 130 billion dollars in 2018. 

A member of the Finance Committee in the Iraqi parliament, Haitham Jubouri, the network Roudao media, said that " 

67% of Iraq's debt is external debt, while 33% are internal debt. " Ahmed Haji Rashid, stressed that" Iraq's debt exceeded $ 111 billion, including $ 68 billion foreign debt, and $ 43 billion debts of local banks, where The government was forced to borrow from them. " 

But the question is: if the Iraqi economic situation in this way, why do other countries insist on doubling the debt on Iraq? 

Ahmed Haji Rashid reason that" these countries are seeking through this to buy oil at a lower price, As well as the contribution of their companies in the reconstruction of the devastated areas of Iraq. "And 

because of the budget of the Kurdistan Region between the year In 2003 and 2014, the region is required to pay 40 billion dollars of Iraq's debt, but Ardalan Noureddine says that "the Kurdistan Region does not have to pay one dinar of Iraq's debt that came after 2014."

  • Upvote 3
Link to comment
Share on other sites

  • yota691 changed the title to International debt: Iraq's debt will rise to 132 billion dollars next year
26/08/2017 (21:01 pm)   -   Number of readings: 734   -   Issue (4006)
 
 
International debt: Iraq's debt will rise to 132 billion dollars next year



 The range / Zahraa al-Jassim 
 

A recent report by the International Monetary Fund (IMF), published in Iraq under the title Iraq: Selected Economic and Financial Indicators from 2013 to 2022, discusses in some paragraphs the size of Iraq's indebtedness for previous years and the expectations for its increase in subsequent years. The year 2018 summarizes some of the report, as he stressed that the debts of Iraq for 2013 was 73.1 billion dollars, while increased its debt in 2014 to 75.2 billion dollars, and in 2015 became debt $ 98.0 billion, while In 2016, to 114.6 billion dollars, rising in 2017 to 122.9, as predicted by the report The government's debt next year is expected to rise to $ 132.4 billion, confirming that government debt is on the rise.


On the fears of high figures, Dr. The appearance of Mohammed Saleh financial adviser to Prime Minister Haider Abadi in an interview with (to the extent) "I did not read the report, but in any case there are two basic issues, the first: 68% of the debt number mentioned during the past three years are internal debt between institutions Government, exclusively the central bank of Iraq and the three main government banks, "noting that the external debt actually withdrawn from the pledged loans did not exceed 8 billion dollars during the past three years.
Saleh said: Yes, there are international pledges to provide loans to Iraq has really amounted to 16 billion dollars because of the security and financial crises to which Iraq is exposed in mid-2014, but in practice did not withdraw from them (until now) only half of those pledges of 16 billion There are additional commitments to provide loans to Iraq, including the British loan of $ 12 billion, which came as mentioned in the pledge to grant loans for disposal of infrastructure projects, most of them in the provinces Southern Iraq Water purposes and sanitation systems and energy, and practically not be disposed of by only elementary amounts related to feasibility studies which markers in the federal budget for the year 2017. Adding:
Saleh points out that 38% of Iraq's debts are from the era of the former regime and are subject to the 2004 Paris Club agreement, which is the phase of write-off by up to 100%. The financing of the Iraq-Iran war machine has been successful: (Obnoxious debts) because they remain in the books of accounts of creditor countries without settlement, they take as debt without treatment or write off, expected to be written off 100% in the coming days.
The financial adviser to the Prime Minister said at the end of his speech: We must not forget that there are other debts belonging to the former regime arose during the period of economic embargo imposed by the Security Council resolutions on the former regime, steadily: In our opinion, the claim is a flagrant violation of the resolutions of the Security Council and Iraq in A legal solution because it was carrying irregularities against the international community, in general, the reports of indebtedness of Iraq issued by external parties come blind without sufficient economic and legal analysis of the background of Iraqi debt and historical accumulations.
The Finance Committee in the Iraqi parliament confirmed in previous statements that the total amount of debt owed reached about 119 billion dollars, indicating that of the total debt $ 80 billion external debt, noting that "the total debt was $ 107 billion, but after the loan Estimated at $ 12 billion, rose to $ 119 billion. Iraq suffers from a severe crisis as a result of the decline in oil prices in the global markets, as well as the expenses of military operations carried out by the military security forces to organize the preacher of the terrorist who took control of a number of the provinces of Iraq in 2014. 
Experts on the economic issue repeatedly called for the government to disclose details The internal and external debts incurred by Iraq, whether those dating back to the time of the previous regime or borrowed in recent years and a statement of the trends and objectives of those debts.

  • Upvote 3
Link to comment
Share on other sites

  • yota691 changed the title to See Iraq's debt for 2017 according to the International Monetary Fund
 
2225.jpg
 
 
 
 

Economy News _ Baghdad

A member of the parliamentary finance committee Jabbar al-Abadi said on Friday that Iraq will witness a significant economic improvement in the coming years.

"The economic situation in Iraq will not witness a major improvement or a qualitative leap due to the global economic data and the oil market on which Iraq depends mainly," Abadi said in an interview with the news agency "Economic News" that "the volume of Iraqi debt exceeded 112 billion "This is a disaster by economic standards."

He added that "Iraq earned huge fortunes in previous years when the oil barrel exceeded the barrier of $ 100, but wasted it in the projects of fictitious and acquired by the corrupt party of politicians and beneficiaries," noting that "this opportunity will not be repeated to Iraq in the coming years to continue indicators of low oil prices and can not Raising production of more than five million barrels per day during the next two decades. "

He said that "oil licensing rounds have harmed the Iraqi economy a lot despite the raising of the level of production, but doubled the cost, especially the fourth round of these licenses."

 
Views 9   Date Added 08/09/2017
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Government: 99% of the internal debt is owed to the Central Bank and government banks
 
887.png
Appearance of Mohammed Saleh
 

Economy News Baghdad: 

The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, that 99% of the internal debt of Iraq back to the government banks and the central bank.

"The internal debt of Iraq rose from 15 trillion dinars in the year 2015 to become currently 48 trillion dinars," Saleh said in an interview seen by "Economy News", noting that "99% of the internal debt goes back to the government banks and the central bank."

He stressed that "21 trillion dinars of internal debt belongs to the Central Bank," calling on the Central Bank to "make these amounts after the acquisition of the Ministry of Finance in a fund and lending part of it to the market in order to stimulate the economy."

 

 

Views 520   Date Added 08/09/2017

  • Upvote 2
Link to comment
Share on other sites

09/09/2017 (00:01 pm)   -   Number of readings: 163   -   Issue (4012)
 
 
money and business




 

خبير Oil expert: Iran produces oil within the territory of Iraq 
The international oil expert, Hussein al-Rubaie, that all Iraqi oil fields were given to foreign companies in 2009 through the oil licensing services, noting that Iran is currently drilling within the Iraqi border oil wells. 
"Since 1930, Iraq has drilled 1,500 oil wells, most of them in Basra, while the Sultanate of Oman has dug 2,600 wells in six years," Rubaie said during a session of the oil industry in Iraq set up by the Human Dialogue Foundation in London. "Between 1990 and 2005, Iraq has drilled nearly 250 wells, while Saudi Aramco is drilling 500-600 wells per year."
He pointed out that "when drilling three oil wells inside Iraq, including two oil, while in the world every ten wells dig in which one contains oil," asserting that "Iran is currently drilling within the Iraqi territory up to 3 km and is producing oil while international law confirms that the fields "If the proportion of Iraq 90% of the oil field joint, Iran should give 90% of its production to Iraq, as well as Iraq to give Iran 10% of its production,
" noting that "Iraq's reserves of oil is 242 billion barrels "He said. 
 The oil expert pointed out that "Iraq will not be able to sell more 5 million barrels per day during the next 20 years because it will affect the global market and lead to a fall in prices 


الكهرباء Electricity opens a generating unit at a station in Basra after being rehabilitated by a Japanese company
The Electricity Committee of the Basra Provincial Council announced the launch of the fourth generation unit at the Haritha thermal station after being rehabilitated by a Japanese company financed by a Japanese loan, while confirming the imminent commencement of the rehabilitation of another unit in the same station.
The head of the committee, Majeeb al-Hassani, said in a press statement that "the Ministry of Electricity today inaugurated the fourth generation unit at the thermal station after the completion of the rehabilitation work, which lasted ten months, and was implemented by the company (Mitsubishi) Japanese funded by the Japanese loan facilitator of Iraq, Noting that "the unit was its production capacity before the rehabilitation does not exceed 120 megawatts, and currently has a production of 200 megawatts." Al-Hassani pointed out that "the operation of the unit and its connection to the national network helped stabilize the (voltages) and increase the hours of processing areas north of the province with electric power," noting that "the first obstetric unit in the same station is scheduled to see the beginning of next year 2018 direct rehabilitation, Electricity with the Japanese side held a contract in this regard. " The Chairman of the Electricity Committee in the provincial council that "
It is noteworthy that Basra has several power plants, the most old stations, and the new stations operate under design capacity due to lack of fuel, and allowance to address these problems and the construction of new stations The government over the past years spend hundreds of billions of dinars on the purchase of electricity from the private sector , A file hovering around the suspicions of corruption and large and many, and the repercussions of the resignation of former governor Majid Nasrawi, and the detention of the President of the provincial council Sabah al-Bezouni. 


الع Links: Iraq is not threatened with bankruptcy
The governor of the Central Bank, Ali Ismail al-Alaq, that Iraq is not threatened to bankrupt the high volume of debt compared to its domestic, pointing out that the size of debt in the international standard is relative to the ratio of gross domestic product and this ratio according to the capabilities of countries may reach 100 percent in some developed countries. He added: In Iraq and according to the international standard, the proportion so far within 60 percent of gross domestic product, adding: When analyzing the debt of Iraq, we find that 45 billion dollars of them back to pre-2003 and most of the Gulf countries, especially Saudi Arabia and these countries gave signals in On several occasions that it did not demand Iraq to pay until now, while some of these countries have indicated their consent to settle, so when talking about public debt we must put about 45 billion in isolation because the debt in the worst case will be settled at the Paris Club and pay 10 percent Of the amounts, or perhaps their liquidation. Al-Alaq said in a press statement that the pessimistic analysis did not distinguish between the so-called abhorrent debts of the pre-2003 period, which should be subject to certain adjustments that have not been made so far. When we exclude these debts, we will see that we are still within the acceptable limits of international debt General, pointing out that the Central Bank has debts on the state up to 16 trillion dinars and the bulk of the domestic debt is under control and does not consume Iraq's budget or lead to bankruptcy, indicating the calculation of the ability of the country to bear debt through the annual installment required of it and not the total size Basis The volume may be fuzzy But it is required for a short period and may be large but for long periods and for us the benefits of external debt up to one billion dollars a year and this is affordable and the premiums of the entire domestic debt per year up to 5 trillion dinars and the repayment of external loan installments 400 million dollars a year rising in the coming years Abhorrent to the pre-2003, which must be subject to certain adjustments have not been made so far and when the exclusion of these debts we will see that we are still within the limits acceptable by international standards on the size of public debt, pointing out that the central bank has debts to the state by 16 trillion And the bulk of the debt is local and is under control and does not consume Iraq's budget or lead to bankruptcy, indicating that the country's ability to bear debt is calculated by the required annual installment and not the total size on a basic basis may be a small size but is required for a short period may be large size, For long periods for us fu The external debt is estimated at one billion dollars a year, which is enough for it and the average annual debt of the entire country is about 5 trillion dinars and the repayment of foreign loan installments is 400 million dollars a year that will rise in the coming years Abhorrent to the pre-2003, which must be subject to certain adjustments have not been made so far and when the exclusion of these debts we will see that we are still within the limits acceptable by international standards on the size of public debt, pointing out that the central bank has debts to the state by 16 trillion And the bulk of the debt is local and is under control and does not consume Iraq's budget or lead to bankruptcy, indicating that the country's ability to bear debt is calculated by the required annual installment and not the total size on a basic basis may be a small size but is required for a short period may be large size, For long periods for us fu The external debt is estimated at one billion dollars a year, which is enough for it and the average annual debt of the entire country is about 5 trillion dinars and the repayment of foreign loan installments is 400 million dollars a year that will rise in the coming years The debts will see that we are still within acceptable limits according to international standards on the size of public debt, pointing out that the Central Bank has debts on the state up to 16 trillion dinars and the bulk of the domestic debt is under control and does not consume Iraq's budget or lead to bankruptcy, The country may be able to bear the debt through the required annual installment and not the total volume. The volume may be small, but it is required for a short period. The volume may be large but for long periods. For us, the external debt is about one billion dollars a year. Trilly Nat dinars and pay premiums external loans $ 400 million annually rise in the coming years The debts will see that we are still within acceptable limits according to international standards on the size of public debt, pointing out that the Central Bank has debts on the state up to 16 trillion dinars and the bulk of the domestic debt is under control and does not consume Iraq's budget or lead to bankruptcy, The country may be able to bear the debt through the required annual installment and not the total volume. The volume may be small, but it is required for a short period. The volume may be large but for long periods. For us, the external debt is about one billion dollars a year. Trilly Nat dinars and pay premiums external loans $ 400 million annually rise in the coming years

  • Upvote 1
Link to comment
Share on other sites

same article from above different translation app...

money and business
money and business




 

خبير Oil expert: Iran produces oil inside the territory of Iraq 
The international oil expert, Hussein al-Rubaie, that all Iraqi oil fields were given to foreign companies in 2009 through the oil licensing services, noting that Iran is currently drilling within the Iraqi border oil wells. 
"Since 1930, Iraq has drilled 1,500 oil wells, most of them in Basra, while the Sultanate of Oman has dug 2,600 wells in six years," Rubaie said during a session of the oil industry in Iraq set up by the Human Dialogue Foundation in London. "Between 1990 and 2005, Iraq has drilled nearly 250 wells, while Saudi Aramco is drilling 500-600 wells per year." 
He pointed out that "when drilling three oil wells inside Iraq, including two oil, while in the world every ten wells dig in which one contains oil," asserting that "Iran is currently drilling within the Iraqi territory up to 3 km and is producing oil while international law confirms that the fields "If the proportion of Iraq 90% of the oil field joint, Iran should give 90% of its production to Iraq, as well as Iraq to give Iran 10% of its production," noting that "Iraq's reserves of oil is 242 billion barrels "He said. 
The oil expert that "Iraq will not be able to sell more 5 million barrels per day during the next 20 years because it will affect the global market and lead to falling prices 


الكهرباء Electricity opens a power plant at a station in Basra after being rehabilitated by a Japanese company 
The Electricity Committee of the Basra Provincial Council announced the launch of the fourth generation unit at the Haritha thermal station after being rehabilitated by a Japanese company financed by a Japanese loan, while confirming the imminent commencement of the rehabilitation of another unit in the same station. 
The head of the committee, Majeeb al-Hassani, said in a press statement that "the Ministry of Electricity today inaugurated the fourth generation unit at the thermal station after the completion of the rehabilitation work, which lasted ten months, and was implemented by the company (Mitsubishi) Japanese funded by the Japanese loan facilitator of Iraq, Noting that "the unit was its production capacity before the rehabilitation does not exceed 120 megawatts, and currently has a production of 200 megawatts." Al-Hassani pointed out that "the operation of the unit and its connection to the national network helped stabilize the (voltages) and increase the hours of processing areas north of the province with electric power," noting that "the first obstetric unit in the same station is scheduled to see early 2018 direct rehabilitation, Electricity with the Japanese side held a contract in this regard. " The head of the electricity committee in the provincial council that "the thermal Hertha plant currently has a capacity of 320 MW, consisting of four generating units, including two units have been idle since 1991 as a result of the exposure of the plant to the bombing." 
It is noteworthy that Basra has several power plants, the most old stations, and the new stations operate under design capacity because of the lack of fuel, and allowance to address these problems and build new stations The government in the past years spend hundreds of billions of dinars on the purchase of electricity from the private sector , A file hovering around the suspicions of corruption and large and many, and the repercussions of the resignation of former governor Majid Nasrawi, and the detention of the President of the provincial council Sabah al-Bezouni. 


الع Links: Iraq is not threatened with bankruptcy 
The governor of the Central Bank, Ali Ismail al-Alaq, that Iraq is not threatened to bankrupt the high volume of debt compared to its domestic, pointing out that the size of debt in the international standard is relative to the ratio of gross domestic product and this ratio according to the capabilities of countries may reach 100 percent in some developed countries. He added: In Iraq and according to the international standard, the proportion so far within 60 percent of gross domestic product, adding: When analyzing the debt of Iraq, we find that 45 billion dollars of them back to pre-2003 and most of the Gulf countries, especially Saudi Arabia and these countries gave signals in On several occasions that it did not demand Iraq to pay until now, while some of these countries have noted their consent to settle, so when talking about public debt we must put about 45 billion in isolation because the debt in the worst case will be settled at the Paris Club and pay 10 percent Of the amounts, or perhaps their liquidation. Al-Alaq said in a press statement that the pessimistic analysis did not distinguish between the so-called abhorrent debts of pre-2003 that should be subject to certain adjustments that have not been made so far and when excluding these debts we will see that we are still within the limits acceptable by international standards on the size of debt General, pointing out that the Central Bank has debts on the state up to 16 trillion dinars and the bulk of the domestic debt is under control and does not consume Iraq's budget or lead to bankruptcy, indicating the calculation of the ability of the country to bear debt through the annual installment required of it and not the total size Basis The volume may be fuzzy But it is required for a short period and may be large but for long periods and for us the benefits of external debt up to one billion dollars a year and this is affordable and the premiums of the entire domestic debt per year up to 5 trillion dinars and the repayment of external loan installments 400 million dollars a year rising in the coming years 

  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to The Finance Committee reveals the mechanism for paying Iraqi debts .. And the Central reveals its policy to control the exchange rate
  • TexasGranny locked this topic
Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.