Monetary Policy Harvest (2016-2019)

[6ly410]

Looking pretty good..imo 

[blueskyline]

http://economy-news.net/content.php?id=13720......

Nusseiri: Institutional vision of partnership between the next government and the private sector

 

Samir Nusairi

money and business Economy News Baghdad The economic and banking advisor Samir Al Nusairi presented his institutional vision for the next four years for the partnership between the government and the private sector to manage the economy, pointing out that it relies on a legal, institutional and methodological structure based on the strategies already prepared by the advisors in coordination with international organizations in all sectors. He added that "the Iraqi economy and through the study, and the potentialities and factors available, can overcome the imbalances, deviations, poor performance and achieve economic and structural reforms balanced and diversified economy." Al Nusairi promised to stimulate, encourage and support the private sector and its involvement in economic decision-making and economic management in accordance with the second phase of the private sector development strategy for the years 2018-2022 and the directions of the third phase until 2030 according to a new vision based on article 25 of the constitution, A dynamic and prosperous national initiative, a regional competitor, and a global integrator with the aim of achieving economic diversification, sustainable development and job creation. He pointed out that "the need to leave the rent economy based on 93 percent of oil revenues and the transition to the productive economy and the development of other vital sectors of agricultural, industrial, tourism, etc., through the restructuring of state-owned industries and the gradual transition to the private sector, Partnerships with local and foreign investors, as well as a review of the legislative environment of the industry and the provision of infrastructure to ensure the requirements of the working environment and the expansion of the establishment of industrial zones. He also reviewed the development of agricultural production and livestock, the provision of effective inputs and treatments for fields and farms, the maintenance of irrigation and drainage projects, the support of agricultural products intended for export, the improvement of seed quality, the State guarantee of prices, support for small and medium enterprises and the granting of soft loans, A bank to finance these projects to ensure the availability of the fundamentals of steadfastness and economic advancement and the revitalization of the economic cycle. He stressed that the country is on its way to overcome its crisis of the economic and financial stranglehold which has not passed since the nineties of the last century and the imposition of Alhsaralaguetsada, resulting from the sudden and continuous decline of oil prices in the world market and the requirements of the war on terrorism as well as poor management of public funds and the imbalance of structural in the economy and structural deficit In public budgets. He added that "this requires the next government and the Council of Representatives to activate the law of partnership between the government and the private sector and reconsider the amendment and issuance of laws issued in 2004, which governs the economic process and the establishment of the institutional structure, which includes the participation of public and private sectors in the management of the economy in the next stage, The market and the representation of the private sector in the membership of the Council of Ministers and the planning and executive councils associated with the Council of Ministers and all ministries and subject these councils and ministries to follow-up and control of implementation by a specialized body for follow-up Rkzah directly linked to Mr. Prime Minister.    Date Added 09/19/2018

[DinarThug]

LINK

Let's raise the hat to the Governor of the Central Bank of Iraq and his national team

8th October, 2018

Between time and time, some of the mouths in some media channels and means of social communication took advantage of the freedom of publication and the circulation of publications in order to achieve personal interests and divert the interests of the Iraqi people in these days towards the formation of the new government which we hope a lot in the next phase in the field of economic reform and overcoming suffering in years Economic and security shocks. This time their arrows were directed to the sovereign institution of the Iraqi Central Bank and its governor and his team. The bank did not exceed the provisions of Articles 32 and 33 of its Law No. 56 of 2004 regarding the issue of currency

The name of the Governor was not fixed. It is a custom used by some countries to document a certain historical stage, as was the case in previous stages. The transparency of the media profession to the achievements of the Central Bank of achievements during the previous years, which considered the governor because of the best Arab for the year 2018 and among the best 30 governors in the world and most importantly, Iraq's exit from the monitoring and follow-up to the normal follow-up area according to Majmo Of the Financial Action. Therefore, I call on the national economic media and committed to convey the truth and bright points to the people and to demand the yellow media to apologize to the Central Bank of Iraq and its national team and I must mention here the most prominent achievements of the Central Bank during the past three years: -

Maintain inflation not exceeding 2% and the level of adequacy of foreign reserves within the acceptable ratesaccording to the latest collective standard (imf)Provided by the International Monetary Fund 0 by 160%, which is considered an international high adequacy ratio, where the foreign reserves of Iraq amounted to $ 58 billion. And to stimulate the banking sector, regulatory, supervisory and supervisory, and establish new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and credit and operational risk management and the issuance of the law against money laundering 39 for the year 2015 and the development of payment systems and the application of all payments by retail and mobile phone and the establishment of the national division and work on the application of international standards

In accordance with the principle of transparency and disclosure and obtaining the ISO 9001: In addition to this, the Bank's daily efforts to stimulate financial inclusion and focus on the initiative to settle salaries of employees for the purpose of raising the financial coverage of the population who do not have accounts in the banking system, which actually rose from 11% to 22% based on the World Bank Bulletin and for the purpose of restoring confidence in the sector The bank has re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance as well as the establishment of a deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping and restore confidence in the banking sector and thus stimulate the economy 

Through activating the investment and bank financing its initiative the financing of small and medium-sized enterprises and the supervision and leadership of community initiatives funded by the Iraqi banks as a ful Baghdad and support the Iraqi drama fund and the establishment of two national financing for large projects and the establishment of a fund social and humanitarian benefits and take regulatory action  The establishment of a depository center in the Iraqi stock market and the establishment of a national credit information center. And the Iraqi Payments Board. At the level of international banking relations, the Central Bank and the exceptional efforts of the Governor and his team have succeeded in restoring relations with Arab and foreign central banks and delivering the achievements of the past three years to the international financial institutions such as the Financial Action Organization, which contributed to the transition of Iraq classification from gray to follow-up

The Governor in 2017 to the Security Council and presented the achievements and organizational and structural development and technical compliance with international standards in financial reporting and enhance confidence in the Iraqi economy and Iraq's ability to Commitment to international credit benefits and accolades of the World Bank and the International Monetary Fund and the Financial Action Task Force have had a clear impact in strengthening economic resilience and financial victory and move steadily towards financial sustainability

All the above achievements make the Central Bank of Iraq, its governorate and its work team worthy of praise and honor. I repeat the invitation of the Iraqi national media to read and read the audiovisual media to enhance the sincere and sincere efforts of the Iraqi fathers who fight terrorism and build the new Iraq in one and highlight the achievements and success stories that Achieved despite all the challenges and that the most prominent of these successes and crises are the successes of the Central Bank of Iraq and its work team who deserve a right word neutral to serve our national economy and Iraqi banking sector

 by Samir Nusairi

[Mary B]

 

 

 

 

 

 

 An open letter to the Prime Minister of the Council of Ministers

 

 

Samir Nusairi

 But in the particular political, security and economic conditions that our country is currently experiencing, particularly the economic reality and the economic and financial crisis, which have had a clear impact on obstructing the implementation of government and private sector plans to contribute to economic development and the lack of new economic resources, weak economic planning, Deficit from one year to another in non-oil revenues and in general budgets and deficit in the balance of payments and the absence of a sovereign fund similar to other oil countries and not to give a key role of the private sector in decision-making Economic. 
In addition to this confusion of economic vision in depth backgrounds and the reality of the Iraqi economy rent and the migration of national capital abroad because of the subjective and objective conditions above and instability in the business environment. 
  Therefore, our vision for economic reform stems from its insightful and transparent analysis of the reality of the Iraqi economy and the necessity of drawing up a methodology for economic and financial reform that is consistent with our realistic, analytical, transparent and neutral view of building a sound national 
economy. Which depends on the mechanisms of transition to a social market economy by re-evaluating and reviewing the structural and institutional system for managing the economy. As well as reviewing and evaluating the basis of coordination between the financial and monetary policies.
2 - Activation of the decisions reached by the expert committees formed in the Council of Ministers in 2015 for each sector of economic implementation of the road map for each economic sector is subject to the implementation of these decisions for follow-up and monitoring and evaluation 
3 - Formation of a joint legal committee between the government and the private sector to reformulate and amend laws New and activate all the laws issued and currently suspended, which govern the management of the economic process and serve the implementation of the road map, which is approved are all the laws of the legislative environment, which regulates and manages the Iraqi economy curriculum of the most prominent law of partnership between the government and the cat Private law and local product protection law. 
4 - Establishment of the Private Sector Development Council and its functions as specified in the private sector development strategy for the years (2014-2030)
 Starting from a purely Iraqi experience that is consistent with all of Iraq's core in the awareness and culture, the sincere work and the bright future that we see with optimistic eyes and work according to the principle of (we disagree in politics and unify the economy) because the people do not achieve their well-being and happiness and its prosperous future without a solid national economy that contributes to building it all. This building is available in Iraq. 
5 - Involvement of the private sector in economic decision making and representation in the membership of the Council of Ministers and the Committee of Counselors and all the bodies of opinion in the ministries 
6. The establishment of a central monitoring body linked to the Council of Ministers and represents the private sector and its task is to follow up the implementation of the decisions of the Council of Ministers.

http://economy-news.net/content.php?id=13975

[6ly410]

http://economy-news.net/content.php?id=13975

My vision for economic reform

Samir Nusairi

 The majority of countries, especially the developing countries and Iraq, one of them depends on the methods and economic system on the thought and philosophy and ideology that the political system believes in and based on the economic resources, human and natural infrastructure and infrastructure and infrastructure available to the economy and the strategic objectives required to achieve the welfare of society and the basic needs of the people and make it feel that His political system works for his service and building his future. However, in light of the political, security and economic conditions in which our country is currently living, in particular the economic reality and the economic and financial crisis, which have had a clear impact on the obstructing the implementation of government
The plans of the government and the private sector to contribute to economic development and the lack of creating new economic resources and weak economic planning and weak coordination between the financial and monetary policies and the continued deficit from year to year in non-oil revenues and in public budgets and deficit in the balance of payments and the absence of a sovereign fund similar to other oil countries and not give the role Is essential for the private sector in economic decision-making.
In addition to this confusion of economic vision in depth backgrounds and the reality of the Iraqi economy rent and the migration of national capital abroad because of the subjective and objective
Therefore, our vision for economic reform stems from the insight and analysis of transparent and logical reality of the Iraqi economy and the need to draw a methodology for economic and financial reform consistent with our realistic and analytical and transparent and neutral view of building a sound national economy.

 

1. Draw a road map on the strategic and progressive level to reformulate Iraq's new economic approach, which adopts the mechanisms of transition to a social market economy by re-evaluating and reviewing the structural and institutional system for managing the economy. As well as reviewing and evaluating the basis of coordination between the financial and monetary policies.

 

2 - Activation of the decisions reached by the expert committees formed in the Council of Ministers in 2015 for each sector of economic implementation of the road map for each economic sector and the implementation of these decisions to
Monitoring and evaluation

 

3- Forming a joint legal committee between the government and the private sector to reformulate, amend and issue new laws and activate all the laws issued and currently suspended, which govern the management of the economic process and serve the implementation of the road map, which is approved, namely all the laws of the legislative environment that regulate and manage the Iraqi economy. Government, private sector and local product protection law.

 

4 - Establishment of the Private Sector Development Council and its functions as specified in the private sector development strategy for the
Starting from a purely Iraqi experience that is consistent with all of Iraq's core in the awareness and culture, the sincere work and the bright future that we see with optimistic eyes and work according to the principle of (we disagree in politics and unify the economy) because the people do not achieve their well-being and happiness and its prosperous future without a solid national economy that contributes to building it all. This building is available in Iraq.

 

5 - Involvement of the private sector in the economic decision-making and representation in the membership of the Council of Ministers and the Committee of Advisers and all the bodies of opinion in the ministries

 

 6 - The establishment of the Central Monitoring Body linked to the Council of Ministers and represents the private sector and its task is to follow up the implementation of the decisions of the Council of Ministers
 

 

[justchecking123]

Kudos for Alak. 

 

Good to see.

[yota691]

Open Letter (No. 2) to the Prime Minister of the Council of Ministers,

 

Samir Nusairi

Articles Samir Nusairi Although I respect the other opinion issued by politicians who do not live in Iraq or specialists in the economy and money, some of them live with us the concerns and challenges experienced by Iraq and its people but I may disagree with the opinion that tries to diminish and diminish the character of the achievements of Iraq in the face of economic and financial crisis during the past four years The most difficult stage passed by Iraq for decades.Where I noticed that some politicians and specialists have directed during the past few days the arrows of criticism and objections and accusations to the Central Bank and to discuss with them their criticism calmly and petrified in the interests of the national top, I say to them: After mid-2014, Iraq suffered two economic and security shocks due to the war on terrorism on behalf of the world's countries and the decline in oil prices, the main supplier of Iraq by more than 70%. So the men of Iraq had to confront these two shocks. As such confrontations have their customs and laws. In military practice, armed military forces can not achieve victory over the enemy without a civil effort and the most important effort. The most important effort must be provided by the government and its agencies. The private sector is the economic effort that contributes to the military victory. Decisive. This has already been achieved and the work and reality by the team of the National Central Bank of Iraq distinguished led by the governor of perseverance. It asks the Arab and international economic organizations and observers of the economic movement of countries and their experiences in overcoming the crises and achieving economic reform to assess the stage of the previous four years in which our country faced an economic and financial crisis suffocating the well-known causes in which victory is achieved on terrorism accompanied by another victory is the steadfastness and economic victory which was In which the Iraqi Central Bank team plays a key role in achieving it. And building strong relations with Arab and foreign central banks and international financial organizations. Also, procedural, regulatory, structural and development policies were designed to achieve financial stability and develop the banking business technically, structurally and organizationally and raise the percentage of financial coverage to the target ratio. Banking thus form a solid base on both home and abroad. At the same time, we congratulate the Iraqi people, their military and security forces, and all popular people for the victory over terrorism and its eradication from the land of Iraq. We congratulate the Central Bank for achieving economic stability and financial victory. We hope that the Prime Minister, who is in charge of the above facts, will not hide from the Prime Minister. He presents his new ministerial cabinet with our wishes to him and our future government for success and success in serving Iraq, its people and its national economy. * Economic and banking consultant Views 171   Date Added 20/10/2018

[trident]

9 minutes ago, yota691 said:

and raise the percentage of financial coverage to the target ratio. Banking thus form a solid base on both home and abroad.

 

[6ly410]

http://economy-news.net/content.php?id=14045

Although I respect the other opinion issued by politicians who do not live in Iraq or specialists in the economy and money, some of them live with us the concerns and challenges experienced by Iraq and its people but I may disagree with the opinion that tries to diminish and diminish the character of the achievements of Iraq in the face of economic and financial crisis during the past four years The most difficult stage passed by Iraq for decades.Where I noticed that some politicians and specialists have directed during the past few days the arrows of criticism and objections and accusations to the Central Bank and to discuss with them their criticism calmly and petrified in the interests of the national top, I say to them:

After mid-2014, Iraq suffered two economic and security shocks due to the war on terrorism on behalf of the world's countries and the decline in oil prices, the main supplier of Iraq by more than 70%. So the men of Iraq had to confront these two shocks.

As such confrontations have their customs and laws. In military practice, armed military forces can not achieve victory over the enemy without a civil effort and the most important effort. The most important effort must be provided by the government and its agencies. The private sector is the economic effort that contributes to the military victory. Decisive. This has already been achieved and the work and reality by the team of the National Central Bank of Iraq distinguished led by the governor of perseverance. It asks the Arab and international economic organizations and observers of the economic movement of countries and their experiences in overcoming the crises and achieving economic reform to assess the stage of the previous four years in which our country faced an economic and financial crisis suffocating the well-known causes in which victory is achieved on terrorism accompanied by another victory is the steadfastness and economic victory which was In which the Iraqi Central Bank team plays a key role in achieving it.

And building strong relations with Arab and foreign central banks and international financial organizations. Also, procedural, regulatory, structural and development policies were designed to achieve financial stability and develop the banking business technically, structurally and organizationally and raise the percentage of financial coverage to the target ratio. Banking thus form a solid base on both home and abroad.

At the same time, we congratulate the Iraqi people, their military and security forces, and all popular people for the victory over terrorism and its eradication from the land of Iraq. We congratulate the Central Bank for achieving economic stability and financial victory. We hope that the Prime Minister, who is in charge of the above facts, will not hide from the Prime Minister. He presents his new ministerial cabinet with our wishes to him and our future government for success and success in serving Iraq, its people and its national economy

[nannab]

  6ly410   

[6ly410]

The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability

 

http://economy-news.net/content.php?id=14097

 

Date Added 24/10/2018

 

The Board of Directors of the Central Bank today issued an important statement in which it noted the continuation of its efforts during the past years to achieve economic steadfastness in the circumstances of Iraq and faced economic and security shocks. Stressing that the central bank will work with care and dedication in order to achieve stability in the financial system and the monetary system in the next phase and maintain the achievements achieved during the economic and financial crisis in support of the national economy as a state bank. As the central banks in the countries Mainly aimed at achieving monetary and financial stability through its programs and strategy aimed at maintaining stability in the exchange of their local currencies against other foreign currencies and building sufficient foreign reserves in accordance with international standards issued by the International Monetary Fund. The banks are also evaluated according to other criteria related to the challenges and economic shocks Control of stable rates of inflation and interest rates, the application of compliance regulations and rules, and the fight against money laundering and terrorism financing.The Iraqi Central Bank's march over the last four years proved that it is progressing steadily to achieve the above objectives. This proves that Iraq has gone out of the monitoring and follow-up area to the regular follow-up area every two years, like other banks in the world according to FATF. The central bank has managed to maintain the dinar exchange rate against the US dollar during this year despite the economic and security challenges.

From an economic and analytical perspective of the state of stability in the exchange rate and from a neutral and transparent point of view, we note that the high independence of the Central Bank and the availability of foreign reserves at an average and for determining the adequacy to cover the cash mass in circulation and to cover imports according to the standards of the International Monetary Fund as the foreign reserve is fully insured and occupies Iraq ranks fourth in the Arab world and is currently about 60 billion dollars and grows day after day in addition to the strength and recovery of the Iraqi dinar and deal with wisdom and responsibility and independence by the Central Bank will prevent the impact of international conditions and On the other hand, there is a surplus in the budget because of the high oil prices, which will enable the government to pay the internal debt. All this represents the real guarantees for the success of the economic reform platform of the next government and the decree in the axis Third.

 

 

Economic and banking consultant

Views 407   Date Added 24/10/2018

[navira]

Bump

[6ly410]

Next phase again....

[6ly410]

GOOOOO RVVVVV  2018!!!!!

Edited October 24, 2018 by 6ly410

[bostonangler]

SOON!!!

 

B/A

[MyLadiesDaddy]

SUDDENLY 

[6ly410]

3 minutes ago, ladyGrace'sDaddy said:

SUDDENLY

[Laid Back]

2019 is looking very promising for dinar investors.!

 

Go CBI

Go monetary system

Go next phase

Go RV

Go $1:1

[NEPatriotsFan1]

2 hours ago, ladyGrace'sDaddy said:

SUDDENLY 

I can feel it coming! Those that persevere will be rewarded. Hope you are well bud

[Rugbylaird19]

3 hours ago, Laid Back said:

2019 is looking very promising for dinar investors.!

 

Go CBI

Go monetary system

Go next phase

Go RV

Go $1:1

I'm thinking/hoping before 2019 with the thought that if it came out sooner, it would have more time to become stabilized before going in to 2019.

[Laid Back]

4 minutes ago, Rugbylaird19 said:

I'm thinking/hoping before 2019 with the thought that if it came out sooner, it would have more time to become stabilized before going in to 2019.

Rugbylaird16,  Don’t get me wrong, I would love an RV today but still work to do.

 

- Complete the government,

- important laws

- restructuring of banking systems

- IMF SBA 2016-2019

 

Iraq is moving in the right direction to an open market economy 

 

Go RV asap.!

Go $1:1

 

 

 

 

[6ly410]

54 minutes ago, Laid Back said:

- restructuring of banking systems

That is exactly what they are doing right now..(imo) they are going International haha cheers bro it’s a fun ride 

[6ly410]

Navira bro.. this is getting good 

[navira]

6ly410, yes it is bro. There are more good news coming from CBI...Just wait n see. Hopefully it is the lower notes

[6ly410]

Yea bro

Edited October 24, 2018 by 6ly410