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


yota691
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2 hours ago, Pitcher said:

Which is code for, SOON.....cracks me up 

 

SOON or IN THE COMING DAYS — anywhere from 3 Days to 6 years. In 2012 they said both when referring to “ an imminent RV “

 

and the rodeo continues, unabated.   :rodeo: Ride’m Cowboy 🤠 

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  • yota691 changed the title to Abadi adviser: Iraq will pay 10 billion dollars of debt in 2022
 
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 money and business


Economy News _ Baghdad

The adviser to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, on Monday, that Iraq will pay 10 billion dollars of debt in 2022, indicating that Iraq received a good credit rating.

Saleh said in a television interview with the channel "Alsumaria", followed by "economy News", "Iraq will pay debts owed to it, which will not be less than 10 billion dollars in 2022."

He added that "the government to hedge from now to pay these large debts through the establishment of a fund to compensate the debt by putting funds in it annually," stressing that "Iraq is able to pay these debts, especially after Iraq obtained a good credit rating, and experience proved That Iraq has not been late to pay the debts incurred previously. "


Views 35   Date Added 21/05/2018

 
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Monday 21 May
 
 
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Alsumaria News / Baghdad
revealed Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, Monday that Iraq will pay $ 10 billion of its debt in 2022, noting that Iraq got a good credit rating. 

"Iraq will pay its debts, which will not be less than 10 billion dollars in 2022," Saleh said in the program "Sahour Iraqi" broadcast by Alsumaria channel. 

He added that "the government to hedge from now to pay these large debts through the establishment of a fund to compensate the debt by putting funds in it annually," stressing that "Iraq is able to pay these debts, especially after Iraq obtained a good credit rating, and experience proved That Iraq has not been late to pay the debts incurred previously. "

 

 


Iraq has received foreign debts from the International Monetary Fund and the World Bank , in addition to internal debt by offering private equity bonds to finance his public budget, which was heavily affected by the decline in international oil prices, which Iraq depends mainly on its public budget.

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Iraq to pay 10 billion dollars of debt by 2022

Iraq to pay 10 billion dollars of debt by 2022
Appearance of Mohammed Saleh - economic adviser to the Iraqi prime minister
 
 
 
 
 21 May 2018 02:58 PM

Iraq will repay $ 10 billion of its debt by 2022, an adviser to the Iraqi prime minister for economic affairs said.

Saleh said in statements to the Iraqi News Agency, Monday, that the government should hedge for now to pay these large debts through the establishment of the fund to compensate debt by putting funds in it annually.

Saleh stressed that Iraq is able to pay these debts, especially after obtaining a good credit rating, pointing out that the experience proved that Iraq did not delay the payment of debts incurred previously.

The governor of the Central Bank of Iraq, at the end of November last year, that the total domestic debt of his country amounted to more than 40 trillion dinars (33.3 billion dollars).

The economic adviser to the Iraqi Prime Minister , in mid-February this year, that Baghdad began earlier this year to pay the remnants of the war compensation of about $ 4.5 billion dollars.

 
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1 minute ago, yota691 said:

Saleh stressed that Iraq is able to pay these debts, especially after obtaining a good credit rating, pointing out that the experience proved that Iraq did not delay the payment of debts incurred previously.

 

I am not sure if this is an indication of the imminent release of a report by a major international credit rating agency for a foreign investment worthy credit rating due to the notation, "especially after obtaining a good credit rating"!!!

 

Maybe the coming days will tell???!!!

 

In The Mean Time......................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY!!!)!!!

:rodeo:   :pirateship:

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1 hour ago, bkeiller said:

'Saleh stressed that Iraq is able to pay these debts, especially after obtaining a good credit rating.'

 

... Has their credit rating improved recently?

I know my credit rating hasn't 

It's in the toilet drowning 

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Proposal to establish a fund to repay external debt

   
 

 
 


22/5/2018 12:59 am 

BAGHDAD / Shukran al-Fatlawi 
revealed the adviser to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, on Monday, that Iraq will pay 10 billion dollars of its debt in 2022, indicating that the country received a good credit rating, at a time when a specialist on the economic need to start taking effective measures By diversifying Iraq's financial imports and not limiting it to  
oil. 
Saleh said in an interview with the press: "Iraq will pay debts owed to it, which will not be less than 10 billion dollars in  
2022." Hedges to pay off the debt and added that "the government should hedge from now to pay for such a large debt through the creation of debt compensation fund by putting money in a year , " asserting that " 


For his part, said economic specialist Ahmed Al-Attar in his interview for "morning": "The current stage requires diversifying the financial revenues of the country, which would activate the productive sectors," noting that "the activation of production will raise the gross domestic product and enhance the opportunities of the private sector to cover the needs of the country Of imports, which would save huge amounts of the public budget that would have gone into imports, perhaps  
unnecessary. " Economic file management  pointed out that Attar "economic profile of the country require the administration to take important measures to get rid of the debt owed by Iraq and put it in the prescribed period so as to enhance its global position of Iraq and maintains reputed not to delay repayment of its foreign debt." Iraq's external debt


Iraq has received foreign debts from the International Monetary Fund and the World Bank, in addition to internal debt through the issuance of private equity bonds to finance his public budget, which was heavily affected by the decline in international oil prices, which Iraq depends mainly on its budget. 
Credit rating is the credit rating of commercial agencies that assess the suitability or eligibility of a person to obtain loans or the merit of a company or even a country to obtain loans, which is to study the possibilities of the company, person or state The extent of its credit on the loan and its financial ability to pay 
, and takes into account the records of the person, company or state and its behavior and behavior in the past in relation to the repayment of  its debts.
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  • yota691 changed the title to Iraq's position on maintaining growth and achieving prevention of financial and economic risks

Iraq's position on maintaining growth and achieving prevention of financial and economic risks

   
 

 
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07/7/2018 12:00 am 

Aqeel Jabr Ali al-Muhammadawi 
Economic policy, with its various branches, whether financial, monetary, commercial or other, is one of the means of the governments of countries towards achieving a set of economic and social goals with a certain effect. Of course, human and natural resources are involved, as well as balance in the external economic sector and financial and economic stability and thus the equitable distribution of individual incomes. When finance ministers and central bankers representing the G-20 members met in October, optimism prevailed over the recovery of the global economy and the opportunity for necessary reforms. When they met again in Buenos Aires the following week, they focused on the policies needed to protect this recovery from the risks of negative developments and promote growth in the next phase. 


The good news is that the momentum of growth is growing stronger across three quarters of the global economy. Moreover, the expected recovery indicators suggest that they will lead to prudential requirements and impose a slowdown at the end of 2018 and 2019, which means that the medium term outlook will pose challenges to many Especially developed economies. Therefore, developing countries, including Iraq, need to implement policies to prevent the risks of negative developments, strengthen solidity and economic strength, and support medium-term growth that benefits everyone. We have international financial and economic commitments with the Bank and May have international and some international financial institutions on the scheduling of payment of debt obligations.
We believe that this is the ideal time to take bold policy measures and make the most of the world's growth period; advanced economies in the current and next years are expected to have growth rates that exceed their medium-term growth potential, which is still below the required level and growth and sustainability are expected to increase. Emerging and developing countries, including Iraq over the medium term, are supported by a limited improvement in the outlook for commodity exporters.  
Steps are expected, with practical priorities, from the International Monetary Fund and global financial institutions 
- to stay away from protectionism (devastating because they impose the greatest pressure on the poorest consumers who buy relatively cheap imports).
- Addressing the global economic imbalances is not imposed by new trade barriers, but must be addressed by using financial instruments, including reducing the deficit to reach public debt to a sustainable path and the need to strengthen investment in infrastructure and increase spending on education, agriculture and industry to meet the requirements of development. 
Preventing financial risks  
globally The debts of sovereign entities, companies and institutions are at an unprecedented high level. In Iraq, however, the public debt has exceeded $ 100 billion, and this could show real danger to the financial situation and may lead to a real financial crisis.
The scenario of inflationary growth can be seen as an unexpected boom and the financial situation is suddenly tightened. These changes drive correction in financial markets and this is evident in improving performance and active diligence in dealing with Iraq's financial instruments and policies. 
There are real concerns about the affordability of public debt and the reversal of capital flows in emerging markets. 
Countries such as Iraq could seize the opportunity of the current economic growth momentum by adopting safety margins in their public finances, creating a space to manage the expected downtime according to economic situation variables and using their macro and micro prudential policies actively. In emerging economies, flexible exchange rates could help ease The external shocks, either in Iraq is indicative of the non-elasticity of exchange rates and closer to the stability and this is what we have seen in the crisis of low prices for the sale of oil and the exposure of Iraq from strong economic and financial shocks directly affected the reality of the federal budget and the disruption of investment projects Confidentiality and development. Accelerating economic reforms These reforms can be implemented more and more easily whenever economies are healthier, in other words now is a good time to accelerate reforms and must target markets and key labor sectors. Reduce skills gap



The reduction of the skills gap is more important today than ever before, because the digital revolution, electronic commerce and the digital economy are beginning to transform workplace and industry. McKinsey's global estimate is that 375 million workers at 14 percent of global employment may be at risk of losing jobs by the year 2030. 
It seems that we can assert that it will require action at the level of national strategies and policies. 
Documenting international cooperation and beneficial international agreements 
 Efforts should be intensified and agreements concluded in the form of mutual interests, attract investment, increase the movement and cycle of capital to achieve financial stability and mitigate the expected financial and economic risks, including the risks of increasing public debt and the risks of money laundering and terrorism financing.
Therefore, we believe that there are basic requirements for the prevention of financial and economic risks in Iraq as the precise identification of the model and the appropriate Iraqi economic model is very important in accordance with the capabilities and capabilities of Iraq and its geo-economic and geopolitical position, as well as the need to create a department to manage risks and crises, The State, both in the public sector and the private sector to become decisions of the decision-maker more accurate and correct and away from decisions based on non-specialized committees and studied. 
It is necessary to submit plans and strategies to the oversight and audit of the Office of Financial Supervision and to prove its real institutional reference to achieve effective control and implementation, evaluation and evaluation in a realistic, thoughtful and concrete.
We believe that the deterioration of the financial and economic crises in Iraq is beginning to change some of the managers of this file and neutralize it nationally and strengthen it with financial figures ambitious and able, as well as the economic figures expert has the ability and possibility of the practice of professional and scientific not only at the local level, but internationally and knowledge of technology electronically. 
As the file efficiency management and leadership of the economic and financial file is vital and strategic, which directly affects the structure of the Iraqi economy and rebuild the infrastructure to qualify the national agricultural and industrial sectors. 
It is necessary to transfer the public debt portfolio to an expert working team, accounting and legal specialist independently of the federal budget and subjecting it intensively to the internal and external audit bodies, and to work on scheduling the public debt and analyzing debt reconstruction with transparency, professionalism and responsibility.
It is also important to change the reality of investment vision and culture and accurately diagnose the reality of investment risks in Iraq. It requires planning and hard work specialized to prepare the requirements of the investment environment and work on studying the investment risks and creating real incentives for an investment market that works to attract foreign investments and capital and encourage economic growth that shares its fruits. everybody. * Financial Researcher
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Parliamentary Economy: Iraq's funds in the external sovereign fund do not know its fate

01:46 - 07/07/2018

 
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Special - Mawazin News The 
Committee on Economy and Investment in the House of Representatives ended its legislative session, Saturday, that Iraq has funds in the sovereign foreign fund, but do not know its fate, pointing out that the budgets of provinces and salaries have been stolen. 
"Iraq's debts are all movies, we do not know what they are," said former member of the Committee, Jamila al-Obeidi. "Iraq before 2003 has money in foreign funds. Why have not these funds been disbursed?" . 
Al-Obeidi pointed out that "Iraq's funds in the external sovereign fund do not know where the money went," adding that "Iraq has farms and real estate abroad, we do not know the fate of its revenues where to go." 
"Iraq has asked for a lot of loans and grants for the reconstruction of Nineveh and has not yet been built, and also do not know the fate of those loans and grants."
With regard to the budgets of the provinces and salaries saved, al-Obeidi, it was "stolen in previous years," accusing the government of "lack of transparency and not honest." 
In the latest statistics of the debts of Iraq, amounted to 111 billion and 725 million dollars

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On 3/20/2017 at 6:15 AM, yota691 said:

noting that the loans go into the pockets of corrupt people and bears interest on the loans.

 

What ever happened to, WHERE DID YOU GET THAT MONEY FROM. 

You give a department head say 10,000000 dollars. That person is now reponsible for it. He distributes the money to other departments and checks that the money is being spent the way it's meant for.  How about, giving them half as much, 5,000000 and the other 5,000000 for jobs to investigators checking on where the money goes. If it goes to the wrong place, they loose their job and get a rope. Ultimately abadi was reponsible for a plan to stop the corruption and he failed. CURRUPTION = NO RV.

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The Central Bank of Iraq: We have 20 trillion dinars for the government

Central Bank of Iraq

  8550.jpg

 Banks

 

Economy News Baghdad

The Central Bank of Iraq reported on Wednesday that the debts owed by the government amounted to 20 trillion dinars, explaining that the optimal use of surplus amounts by the budget this year, the payment of that office.

"The bank's view, based on economic, financial and monetary considerations, believes that the best use of surplus amounts by balancing the current year of oil exports is to pay debts," said Al-Alaq, the governor of the Central Bank of Iraq. Which is central to the central bank and other banks, "noting that" their performance would fortify the bank from any future crisis, especially that the debts resulting from the government's budget amounted to the limit of 20 trillion dinars. "

"This method will contribute to maintaining financial, monetary and banking stability in the country, and it is necessary to give great importance, especially as the volume of liquidity drawn from the central bank is very large," he added.

And on the external debt, explained the links, "The installments are few and benefits are far and most of them debts not resolved," stressing that "there is no problem in postponement."

Views 72   Date Added 11/07/2018

http://economy-news.net/content.php?id=12871

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  • yota691 changed the title to The Central Bank of Iraq: We have 20 trillion dinars for the government
 
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Central Bank of Iraq

  

 Banks


Economy News Baghdad

The Central Bank of Iraq reported on Wednesday that the debts owed by the government amounted to 20 trillion dinars, explaining that the optimal use of surplus amounts by the budget this year, the payment of that office.

"The bank's view, based on economic, financial and monetary considerations, believes that the best use of surplus amounts by balancing the current year of oil exports is to pay debts," said Al-Alaq, the governor of the Central Bank of Iraq. Which is central to the central bank and other banks, "noting that" their performance would fortify the bank from any future crisis, especially that the debts resulting from the government's budget amounted to the limit of 20 trillion dinars. "

"This method will contribute to maintaining financial, monetary and banking stability in the country, and it is necessary to give great importance, especially as the volume of liquidity drawn from the central bank is very large," he added.

And on the external debt, explained the links, "The installments are few and benefits are far and most of them debts not resolved," stressing that "there is no problem in postponement."


Views 74   Date Added 11/07/2018

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A
new debt economy estimated at $ 20 billion by the Iraqi government

New debts estimated at 20 billion dollars by the Iraqi government to this side
 
 Twilight News    
 
 6 hours ago
 

 

The Central Bank reported that its debt owed by the government is 20 trillion dinars, explaining that the optimal use of surplus amounts by the budget this year, the payment of that office.

"The bank's view, based on economic, financial and monetary considerations, considers that the best use of surplus amounts in this year's budget of oil exports is to pay the internal debts that belong to the bank," the semi-official newspaper Al-Sabah reported in its Wednesday edition. The central bank and other banks, "noting that" their performance would fortify the bank from any future crisis, especially that the debts resulting from the government's budget amounted to the limit of 20 trillion dinars. "

"This method will contribute to maintaining financial, monetary and banking stability in the country, and it is necessary to give great importance, especially that the volume of liquidity drawn from the central bank is very large, calling on the government to return to ensure the strengthening of the cash reserve."

And on the external debt, explained the links, "The installments are few and the benefits of the distant and most of the debt was not resolved, stressing" there is no problem in postponing. "

 
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20 trillion dinars government debt to the Central Bank

08:21 - 11/07/2018

 
image
 
 


Baghdad - Mawazin News 
The Central Bank disclosed its debts resulting from the government's budget of 20 trillion dinars, explaining that the optimal use of surplus amounts by the budget this year, the payment of that office. 
"The bank's view, based on economic, financial and monetary considerations, considers that the best use of surplus amounts in this year's budget of oil exports is to pay the internal debts that belong to the bank," the semi-official newspaper Al-Sabah reported in its Wednesday edition. The central bank and other banks, "noting that" their performance would fortify the bank from any future crisis, especially that the debts resulting from the government's budget amounted to the limit of 20 trillion dinars. "
"This method will contribute to maintaining financial, monetary and banking stability in the country, and it is necessary to give great importance, especially that the volume of liquidity drawn from the central bank is very large, calling on the government to return to ensure the strengthening of the cash reserve." 
And on the external debt, explained the links, "The installments are few and the benefits are far and most of them debts have not been resolved, stressing" there is no problem in postponement. "

 
 
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Editorial Date: 2018/7/11 8:24  826 times read
The Central Bank reveals huge debts to the government
{Baghdad: Al-Furat News} The Central Bank of Iraq, revealed huge debts owed to him by the government.
The central bank governor Ali al-Alaq said in a press statement that "the view of the bank based on economic considerations, financial and monetary, believes that the best use of excess amounts by balancing the current year of oil exports to pay the internal debts that belong to the Central Bank and other banks," noting that "Their fulfillment would fortify the bank from any future crisis, especially as its debts resulting from the government's debt to the bank amounted to the limit of 20 trillion dinars," ie (equivalent to about $ 19 billion). 
"This method will contribute to maintaining financial, monetary and banking stability in the country, and it is necessary to give great importance, especially that the volume of liquidity drawn from the central bank is very large, calling on the government to return to ensure the strengthening of the cash reserve."
And on the external debt, explained the most, "The installments are few and the benefits of a distant and most of the debt was not resolved, stressing" there is no problem in postponement. "
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Declaration of the end of the financial crisis in Iraq

Debt problems have become past

 

 

 

28 minutes ago

 

 NRT

 "The government has managed to overcome its financial crisis and the problems of deficit, debt and external and local borrowing are under control," said Mohamed Saleh, economic and financial adviser to Prime Minister Haider al-Abadi .

Saleh said in a press statement on July 17, 2018 that "Iraq exceeded its financial crisis through the financial flows to the budget of 2018 achieved by the rise in oil prices in world markets, which amounted to $ 64 per barrel," asserting that "global oil prices are on the rise "According to the newspaper Mada .

Saleh pointed out that "the problems of deficit, borrowing and borrowing have become the past because of high oil prices," pointing out that "the situation has become more comfortable compared to the past months, which gave the government the power to overcome the financial crisis suffocating ."

Saleh said that "the implementation of some needs became more flexible than the past years by the financial flow in the oil exports," noting: "If the parliament exists, the government sent a supplementary budget includes high oil prices for approval ."

It shows that "the surplus achieved in the current budget can not be manipulated, because it is not guaranteed in the draft budget law will be recycled in the next budget on the grounds that the parliament ended its current session can not send a supplementary budget for approval .

The financial adviser said that "in the event of a new parliament during the next two months could be sent the supplementary budget law for approval so that the new government to spend money on some projects due and stalled ."

"It is not possible to talk about the figures of this surplus and the surplus achieved in this year's budget until after the end of the current fiscal year, " Saleh said.

He pointed out that "Iraq exceeded the so-called point of parity in which the federal budget in the case of balance-free deficit after the price of oil barrel to more than $ 60," stressing that "the financial abundance achieved in the past year ."

He added that "there are funds owed to the Iraqi government as salaries to employees and retirees and social welfare and the payment of debt and investment project expenses amounting to a monthly to seven or six trillion dinars," stressing that "these amounts will be cut from the monthly oil sales of up to 9 trillion," noting that "The remainder of these amounts will be carried over to the coming months ."

As for the debt of the Iraqi government, the economic adviser says that "one third of Iraq's debt is subject to the debts of Paris Club, which has not been settled," noting that "these debts are mostly sovereign debt belonging to some of the Gulf states ."

The parliamentary finance committee, revealed last year that the volume of Iraq's internal and external loans amounted to 123 billion dollars, criticizing the policy of borrowing by the government, and called for austerity policy .

 

http://www.nrttv.com/AR/News.aspx?id=2432&MapID=2

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  • yota691 changed the title to Declaration of the end of the financial crisis in Iraq

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Number of readings: 306 17-07-2018 03:20 PM

 
 

17-07-2018 03:20 PM 

 

The financial and economic adviser to Prime Minister Saleh appearance in a press statement on Tuesday that Iraq has exceeded its financial crisis through the financial flows to the budget of 2018 achieved by the rise in oil prices in global markets, which reached $ 64 per barrel.

Saleh stressed that global oil prices are on the rise, noting that the problems of deficit and debt have become part of the past.

Saleh added that the implementation of some needs has become more flexible than the past years by the financial flow in oil exports.

Saleh said that if the parliament was present, the government sent a supplementary budget including high oil prices for approval.

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  • 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
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