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Monetary Policy Harvest (2016-2019)


yota691
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16 minutes ago, Butifldrm said:

The central bank will not be blackmailed

 The important thing that has been achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic goal of monetary policy and the application of policies to restore confidence in international banking transactions of Iraqi banks with Arab and foreign banks and strive to build a solid and solid banking sector.

In conclusion, I invite these people, leave the successful economic institutions to work with high effort and double efforts for Iraq, and they are interested in addressing your economic and banking problems in your countries because the Central Bank of Iraq and the Iraqi banking sector will never undergo blackmail.

 

Thanks Butifldrm - I'm not sure he said much other than the CBI has achieved stability of the exchange rate between the IQD and the USD...the rest is just noise.  JMHO..!

Edited by ronscarpa
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Al-Nassiri: We need a systematic movement for economic reform 

18518.jpg

 

The economic and banking advisor, Samir Al-Nassery

  

 money and business

Economy News - Baghdad

The Economic and Banking Adviser to the Association of Iraqi Private Banks, Samir al-Nasiri, demanded, on Sunday, that there should be a systemic movement to draw a road map for economic reform carried out by the elites and economic, financial and banking competencies of Iraq and that the economic movement is based on several important economic pillars that adopt a new philosophy to manage the economy and achieve the central goal of By creating sustainable development, achieving diversification of resources, developing economic and human structures in order to properly build the national economy and building the introductions to the transition to a social market economy.

He added in an interview with "Al-Iqtisad News", "We need serious work for the economic transformation and to look to the future and the available capabilities and with a realistic and ambitious road map that depends on managing and distributing public money in a transparent and fair way, provided that the beneficiary in the results and outputs of the people and that the citizen feels that his national economy, resources and resources are dedicated to ensuring A decent life, as stated in the articles of the permanent Iraqi constitution, in a way that creates prosperity for society.

Al-Nusairi asserted, "The necessity of setting a new reform approach by our Iraqi experts and competencies, and it is okay to use the houses of solid international expertise, especially from countries that have successful experiences in economic construction in modern history, similar to us in some circumstances and problems, and can benefit from the experiences of Japan, China, Malaysia, Singapore, and some Other countries that have adopted the social market economy system. "

Al-Nusairi pointed out, "The possibility of defining the road map to achieve an approach to economic reform in Iraq according to several data, the most important of which is the formation of the Supreme Council for Economic Reform to legislate a law binding the ministries to implement its decisions and has the power to follow-up, monitor, and evaluate, and is headed by and members of a group of governmental experts and the private economic and technocrats."

He pointed out, "The importance of developing policies and mechanisms to diversify the sources of financing the public budget and not relying on oil only," noting that "the directions of reform require the transition to the central administration of the economy so that the principle of (centralization of planning and implementation decentralization) is implemented, and this means that the Supreme Council for Economic Reform takes charge of Plans, policies and distribution of their implementation to specialized councils for reconstruction, investment and implementation of development projects in the economic and human sphere. These councils are the Private Sector Council, the Construction Council, the Small and Medium Enterprises Development Authority, the Public Service Council and the Product support and Protection Council Local, as well as the achievement of sustainable economic development and create and create an investment climate for local and foreign investors and motivate, encourage and ensure that contractual rights to attract their capital and protect them from the pressures of spoilers. "

He said that "the axis of reform should include providing soft loans to finance small, medium and large projects and establishing a legal and institutional system for managing, developing and developing them, as well as issuing and amending the laws of the legal environment to regulate the economic process. This means issuing new laws instead of laws issued in 2004 by the American civil governor Notorious Paul Bremer. "

Al-Nassery stressed on "the necessity of activating investment in the agricultural, industrial, energy, tourism, services and housing sectors, as well as working to reform, develop and develop the banking sector through monetary policy applications and regulating the relationship and restrictions that govern financial and monetary policies, as well as the serious approach to reforming the tax, financial and customs system." Handling cases of failure to achieve the required growth rates in national income and exceeding the rise in unemployment and poverty rates. "

Number of views 52   Date added 26/01/2020

http://economy-news.net/content.php?id=18879

Edited by Butifldrm
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2019

At an international party ... {ki} the best smart card of 2019 

 Time: 1/26/2020 1:10 PM 

 

 Reading: 910 times 

 

Categories: the moving news tape, Iraq’s economic news

  

{Baghdad: Al Furat News} The International Smart Card Company {KI} won the award of the global financial institutions as the best smart card for 2019 by the International Finance Magazine with a group of international companies in some countries that exercise their activities in the field of electronic trading and digital transformation , During a major celebration held in Dubai, for its prominent role in providing services to 7 million beneficiaries without negligible risks.

The banking advisor, Samir Al-Nusairi, said in a statement that the Al Furat News Agency received a copy of it. In the countries of the world that preceded us in that, and confirms that the technological developments in banking in Iraq have been able, with exceptional national efforts, to compete with international companies similar in activity in providing modern banking services and products to customers with high quality.

He added that "{K} is the first mixed national company in the financial sector that is run by the Iraqi private sector and the government banking sector."

And "We note here clearly that during the past twelve years the International Smart Card Company (KI) was able to achieve a technical leap in the field of electronic payment and the transition of banking products to advanced services to serve customers and compete with the services provided by Arab and foreign banks in terms of services to its customers."

" The important thing here do pay companies mail owned by shareholders from the private sector attribution trends and the implementation of the central bank 's strategy for the years (2016 - 2020) in the digital transformation of the system of the Iraqi banking and the development of payment technologies mail as reflected in the high financial rate of coverage according to the latest World Bank report from 11% to 23%. "

He continued, "What must be noted is the role played by the International Smart Card Company (K), which is the first company to introduce electronic payment technologies to Iraq in 2007 in strategic partnership with the Rafidain and Rashid banks using the Kart (smart card) to pay the salaries of retired civilians, military and beneficiaries. From welfare salaries. "Finished

Ammar Al-Masoudi
 

https://alforatnews.com/news/في-حفل-دولي-كي-أفضل-بطاقة-ذكية-لعام-2019

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