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3 minutes ago, juliebug said:

What is JD Iraqi???

 

I really don't know honestly.

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57 minutes ago, Half Crazy Runner said:

 

Me too!  Hope it means what we all hope it means 😉👍🏻💰

:twothumbs:

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21 minutes ago, juliebug said:

What is JD Iraqi???

 

An Iraqi Completely Plowed On Jack Daniels While Attempting To ‘Float’ At The Current Worthless Rate ...

 

 

 

 

Next Question ...

 

:D  :D  :D 

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13 minutes ago, DinarThug said:

 

An Iraqi Completely Plowed On Jack Daniels While Attempting To ‘Float’ At The Current Worthless Rate ...

 

 

 

 

Next Question ...

 

:D  :D  :D 

Why doesn't Mr Thug have his own blue couch???

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Laid Back

  • Om sai Ram
  • Laid Back
17 minutes ago, Mxmann said:

Why doesn't Mr Thug have his own blue couch???

 

Or At Least A Blue Hammock To Be Sippin’ Blue Hawaiian Mai Tai’s Like Our ‘Slightly’ Drowsy Hero - Hammock Boy ! :cheesehead:

 

:D  :D  :D 

 

Edited by DinarThug
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16 hours ago, ChuckFinley said:

That is the two that stuck out to me too. Show me 1 to 1. 

Go $1:1:twothumbs:

5 hours ago, DinarThug said:

Laid Back

  • Om sai Ram
  • Laid Back

 

Or At Least A Blue Hammock To Be Sippin’ Blue Hawaiian Mai Tai’s Like Our ‘Slightly’ Drowsy Hero - Hammock Boy ! :cheesehead:

 

:D  :D  :D 

 

Clown, talking about hammock. just got a blue one, hand made in South America..... Time for some Mai Tai's and Hawaiian Sativa.

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7 hours ago, juliebug said:

What is JD Iraqi???

 

image.jpeg.e4b38b818edf4b1b8d944d0c8b27e6a4.jpeg
The Jordanian dinar (Arabic: دينار‎; code: JOD; unofficially abbreviated as JD) has been the currency of Jordan since 1950. The Jordanian dinar is also widely used alongside the Israeli shekel in the West Bank. The dinar is divided into 10 dirham, 100 qirsh (also called piastres) or 1000 fulus.
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1 minute ago, Carrello said:

 

image.jpeg.e4b38b818edf4b1b8d944d0c8b27e6a4.jpeg
The Jordanian dinar (Arabic: دينار‎; code: JOD; unofficially abbreviated as JD) has been the currency of Jordan since 1950. The Jordanian dinar is also widely used alongside the Israeli shekel in the West Bank. The dinar is divided into 10 dirham, 100 qirsh (also called piastres) or 1000 fulus.

Thank you Carrello..I was just trying to figure out what the article was talking about concerning JD Iraqi. Since earlier I went on the International Islamic Bank website. The Mastercard pictured on page 1 of  this thread appears to be an International Business Mastercard issued in USD's. The cost for the card is $15.00 for 3 years. The minimum balance is $10 USD and the maximum is $10,000 USD. They have a Travel Mastercard, International Mastercard, Internet Mastercard  and a Gift Card. Aparenty they can load the card with IQD and is converted into USD's. http://www.imtb.iq/services/بطاقة-رجال-الأعمال/  I was hoping in some weird a$$ way the JD Iraqi in goofy translation was giving a hint as to what the rate might be. Maybe I am wrong and there is an International IQD card, but it looks like it is strictly for business owners. 

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i have seen articles using the JD reference before .... 1.41 that'll work , cheers dv

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They even look similar from the larger to smaller sized notes and the different colors. Maybe that is a good sign too.

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Strategic objectives of economic diversification (3)
   

Hamed Abdul Hussain Khudair Jubouri / Al-Furat Center for Development and Strategic Studies

 

The economic and social objectives that economic diversification seeks to achieve are addressed in previous articles (1) and (2). The strategic objectives that will make the country's economy more robust and prudent in dealing with international policies in most areas, especially now known as globalization, will be addressed.

In the absence of diversification and the continuation of unilateralism, dependence on one resource or very limited resources, especially if it is rentier, will make the economy of the country an economy that is not economically independent and is exposed to crises in the international economy. To achieve economic independence and to respond to crises in the international economy, which can be briefly explained as follows:

1. Economic independence

Achieving economic independence and self-reliance in meeting diverse domestic needs is crucial for developing countries to end the state of economic dependency, which means "developing countries are devoted to the export of raw materials to meet the needs of developed economies".

The persistence of the state of economic dependence is the reason for the depletion of economic resources of these countries, through unequal relations, under an international division underdeveloped, which kept them in an enviable state of backwardness compared to the levels of development reached by the developed countries and kept them exporting raw materials and some products Agricultural products at low prices and imported miscellaneous manufactured materials at continuously rising prices [ii].

Most developing countries seek economic dependence and economic independence, even if they gain political independence after the Second World War, because achieving political independence is the first step towards achieving economic independence. Otherwise, what is the benefit of political independence without achieving economic independence? A country without economic independence is subject to the decisions and policies of that world and its dominant powers. As a result of the loss of its economic independence, the country loses all the elements of its sovereignty, even if it enjoys political independence.

The continuity of monopolization of the economy, ie, its restriction on the export of raw materials and certain agricultural products, can not meet the requirements of achieving economic independence, because the unilateral economy places the country in the category of economic dependence because it is not satisfying its varied needs and is satisfied by imports from other countries.

Since economic diversification leads the country out of economic dependence and goes towards economic independence, it can satisfy its diverse needs by establishing and developing the diversified productive base. It does not go to the developed countries except to the extent necessary or at least it can achieve the equality of economic relations

With developed countries, and therefore economic independence was one of the objectives of economic diversification.

2. Confronting crises

A single economy that relies on a single resource or very limited resources, especially if that resource or resources is rent, is exported abroad and uses its revenues to meet diverse domestic demand. It will be a fragile economy that does not have the most basic elements of resistance to crises in the global economy, Especially in the era of globalization which took the world as a small village by virtue of the information revolution and the communications revolution as well as the international institutions represented by the International Monetary Fund, the World Bank and the High Trade Organization, which calls for liberalization in the movement of capital and the movement of goods and services and hands And others.

An economy that does not increase the efficiency of its production and diversification and is limited to a single resource will become a crisis-prone country because it will exhaust its resources and become a market for the products of developed and diversified economies. This is further exacerbated by the fact that Domestic economy products and their competitiveness Being less efficient than imported products, the continued increase in imports leads to the first aspect is the depletion of resources and reserves of foreign exchange resulting from the export of natural resources.

For example, this resource or very limited resource, such as oil, on which the local economy depends, are uncontrollable and domestically controlled, as they are strategic resources that are internationally controlled outside the State, for reasons that may be political, economic, climatic or otherwise.

Moreover, industrialized countries have imposed protection measures in the world markets on developing countries' exports, which has increased the negative impact of the deterioration of growth rates [iv]. Therefore, as a result of the sudden fluctuation of this resource or resources, this fluctuation will move directly to the local economy to achieve the undesirable effects of unifying the economy and not to build or at least mitigate the effects of these effects, that is, not to build a diversified economy.

Where the increase in the economy's capacity to cope with external crises is achieved through the development and diversification of production and export bases [v], while the lack of diversification of exports increases the vulnerability of the country to negative shocks and macroeconomic instability, [6] The economy is fragile and can not cope with the crises in the global economy.

Thus, a country with economic diversification can avoid or even reduce the impact of economic crises, especially those that occur in the world economy, because the country, which enjoys economic diversification, has a lot of preventive measures that prevent the crisis from moving to the local economy or mitigate its effects.

The work is to achieve these goals through:

1- Building an investment climate that encourages attracting investment by facilitating administrative procedures, tax exemptions, political guarantees and achieving security and political stability.

2. To set these goals as a strategic vision at the top of the priorities of decision-makers and planners and harness all the material, financial and human resources to achieve them.

3 - Addressing the challenges faced by the economy such as corruption and weak infrastructure, for example.

4 - Identify the mechanisms used to achieve economic diversification, such as the private sector and the construction of sovereign funds and others, as these objectives can not be achieved without the mechanisms of economic diversification.

5- The State shall exercise the role of supervising the performance of the economy and practicing its amendment when it requires intervention in order to ensure the economy's progress towards achieving these objectives.

Approved sources //

[1] Omar bin Faihan al-Marzouqi, Economic Dependence in the Arab Countries and their Treatment in the Islamic Economy, First Edition, Al-Rushd Library-Publishers, Saudi Arabia, 2006, p.

[2] - Falih Hassan Khalaf, Arab Oil Revenue and its Use in the Industries of Means of Production, Journal of Oil and Development, Second Issue, Third Year, Shirin II, 1977, p. 85.

[3] - Hamid Abdul Hussain Khudair, The Role of Economic Diversification in Economic Independence, an article published on the website of the Al Furat Center for Development and Strategic Studies, available at:

http://fcdrs.com/economical/998

[iv] - Mehdi Sahar Ghilan Jubouri, The Effects of Monetary Shock on Macroeconomic Variables in Iraq, Al-Furat Journal, Al-Furat Center for Development and Strategic Studies, No. 8, February 2017, p.

[v] - Mustafa Qara, The Global Financial Crisis and the Challenges of Restoring Economic Stability and Achieving Global Growth in Arab Countries, Arab Monetary Fund, January 2013, p.

[6] - Nabil Mohamed Dior et al., Economic Outlook of the Organization of Islamic Cooperation, "Enhancing Productivity and Competitiveness", Organization of Islamic Cooperation, Statistical, Economic, Social and Training Center for Islamic Countries, 2014, p.

Editor Website:2018 - 06 - 23
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Don't reach with this JD Iraqi stuff......we are at the same place we were at yesterday......wish i was wrong,...

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9 hours ago, Laid Back said:

Go $1:1:twothumbs:

Clown, talking about hammock. just got a blue one, hand made in South America..... Time for some Mai Tai's and Hawaiian Sativa.

Doing my last Castaway this afternoon. 

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GA DT AND DV. :D:twothumbs::bump:

Edited by Big_J
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On 6/22/2018 at 11:16 PM, DinarThug said:

LINK

A roadmap to drive the Iraqi economy forward

1_1.jpg

 

22nd June, 2018


Resounding Victory

At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupied produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both people and economy.

Iraq’s economy has proved extraordinarily resilient. It has weathered serious crises, and still suffers from real structural issues within the production and financial sectors, the result of a myriad causes including the lack of strategic economic policymaking and national resources drained by military operations.

Despite the heavy burden of military liberation, the Government of Iraq remains committed to resurrecting the economy, and quickly: overcoming challenges such as the cost of basic services and civil servant salaries. To get back on track it must deal with the gap in investments which must be financed through internal or external sources, all while developing a competitive and attractive investment environment.

A Revitalized Vision

In August 2015, Iraqi PM Dr. Haider Al Abadi proposed a series of reforms centered around government efficiency and anti-corruption. Alongside ongoing oil revenues, local economic reform measures that cut down on non-vital public expenditure and raise collection rates from sources such as customs, duties and other sources of public revenue, this pathway should have a substantial and measurable impact on the fiscal budget and domestic resources available.

The Government of Iraq also implemented a number of reforms aimed at increasing Iraq’s competitiveness on the investments and ease-of-doing-business index, through removing barriers and cutting down on red tape facing local and international investors. These reforms now allow entrepreneurs and investors to start up their operations in a much shorter time while streamlining the government record-keeping and tax accounting.

A New Dawn for Iraq

Fiscal reform policy effect can be seen in several sectors, and an increased stream of non-oil revenues is now apparent. A total of 2,219 and 2323 new private sector companies were registered in 2016 and 2017 respectively; the Iraqi securities exchange also witnessed an increased trading volume that grew from ID 516 bn to ID 900 bn in the same period.

The World Bank confirms that Iraq has been successful in implementing structural reforms in local regulation, helping to facilitate new businesses, supported by better access to credit and financing facilities.

“The Government of Iraq has launched a fundamental economic reform agenda based on the framework of its 2014-2018 Government Programme which put institutional economic reform and private sector development at the forefront of its priorities,” said Saruj Kumar Jaha, Regional Director for the Middle East at the World Bank.

The government has also strengthened the credit information infrastructure with the launch of a credit information bureau managed by the Iraqi Central Bank. As of January 2017, this includes five-year histories of 234,967 individual and 4,877 commercial loans.

The government has also succeeded in enhancing the country’s investment ecosystem and positioning, ratifying the following economic and investment agreements:

In 2015, Iraq joined The International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention), one of the key instruments of international law that protect and promote foreign investment. In 2017, Iraq ratified the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (the Mauritius Convention on Transparency). In 2018, Iraq ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

A Bright and Productive Future

Held in Kuwait, Iraq reconstruction conference which was on 12 -14 February 2018. To support system" rel="">support to the country following Daesh’s territorial defeat in 2017. The conference, which took drew participants from 76 countries and regional and international organizations, 51 development funds and financial institutions, and 107 local, regional and international nongovernmental organizations, as well as 1,850 private sector representatives .

Investment Opportunities Symposium was held in April 2018. The Symposium demonstrated huge local and international investment appetite throughout all of Iraq’s different provinces and promoted new economic models for Iraq such as Public-Private-Partnerships. PPPs should create excellent opportunities for the country, combining support system" rel="">support from public authorities, businesses and civil society. Nine MoUs were successfully agreed, including:

Central Markets Rehabilitation – Al Mustansiriyayah, Al Adl, Al Amal, Al Salihiyya, and Al Shaab. Total project cost: $250m, awarded to Daeco of the UK. Al Muftiyya Project in Basra – Residential, Commercial and Leisure Development. Total project cost $234m, awarded to Daeco of the UK. Soda Complex and Table Salt Production Plant in Al Muthanna. Total project cost: $80m, awarded to Al Ghaith of the UAE. 3 MoUs with Kuwaiti investment group Jawad Bukhamseen to develop hotels and commercial centers in Al Kadhimiyyah, Kerbalaa, and Samarraa. A 5-star hotel and commercial center in Baghdad. The Satellite E-Government Project. Development of the Baghdad Industrial City. Expansion and development of Al Andalus Specialist Hospital in Baghdad. Establishment of a branch of an international specialized university in Baghdad over 25,000 square meters, awarded to Al Hawadi Group of the UAE.

These exciting new initaitives correspond to Iraq’s 5-year plan for 2018-2022. The five-year plan seeks to restructure the economy, putting good governance and multi sector reform at its heart, focussed on the recovery of provinces most affected by internal displacement and difficult security conditions.

The development of Iraq’s investment environment will also enable the development of various sectors and create more than two million new jobs and more integration with regional economies and the global community, paving the way to a bright future.

 

 

LINK

A roadmap to drive the Iraqi economy forward

1_1.jpg

 

22nd June, 2018


Resounding Victory

At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupied produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both people and economy.

Iraq’s economy has proved extraordinarily resilient. It has weathered serious crises, and still suffers from real structural issues within the production and financial sectors, the result of a myriad causes including the lack of strategic economic policymaking and national resources drained by military operations.

Despite the heavy burden of military liberation, the Government of Iraq remains committed to resurrecting the economy, and quickly: overcoming challenges such as the cost of basic services and civil servant salaries. To get back on track it must deal with the gap in investments which must be financed through internal or external sources, all while developing a competitive and attractive investment environment.

A Revitalized Vision

In August 2015, Iraqi PM Dr. Haider Al Abadi proposed a series of reforms centered around government efficiency and anti-corruption. Alongside ongoing oil revenues, local economic reform measures that cut down on non-vital public expenditure and raise collection rates from sources such as customs, duties and other sources of public revenue, this pathway should have a substantial and measurable impact on the fiscal budget and domestic resources available.

The Government of Iraq also implemented a number of reforms aimed at increasing Iraq’s competitiveness on the investments and ease-of-doing-business index, through removing barriers and cutting down on red tape facing local and international investors. These reforms now allow entrepreneurs and investors to start up their operations in a much shorter time while streamlining the government record-keeping and tax accounting.

A New Dawn for Iraq

Fiscal reform policy effect can be seen in several sectors, and an increased stream of non-oil revenues is now apparent. A total of 2,219 and 2323 new private sector companies were registered in 2016 and 2017 respectively; the Iraqi securities exchange also witnessed an increased trading volume that grew from ID 516 bn to ID 900 bn in the same period.

The World Bank confirms that Iraq has been successful in implementing structural reforms in local regulation, helping to facilitate new businesses, supported by better access to credit and financing facilities.

“The Government of Iraq has launched a fundamental economic reform agenda based on the framework of its 2014-2018 Government Programme which put institutional economic reform and private sector development at the forefront of its priorities,” said Saruj Kumar Jaha, Regional Director for the Middle East at the World Bank.

The government has also strengthened the credit information infrastructure with the launch of a credit information bureau managed by the Iraqi Central Bank. As of January 2017, this includes five-year histories of 234,967 individual and 4,877 commercial loans.

The government has also succeeded in enhancing the country’s investment ecosystem and positioning, ratifying the following economic and investment agreements:

In 2015, Iraq joined The International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention), one of the key instruments of international law that protect and promote foreign investment. In 2017, Iraq ratified the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (the Mauritius Convention on Transparency). In 2018, Iraq ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

A Bright and Productive Future

Held in Kuwait, Iraq reconstruction conference which was on 12 -14 February 2018. To support system" rel="">support to the country following Daesh’s territorial defeat in 2017. The conference, which took drew participants from 76 countries and regional and international organizations, 51 development funds and financial institutions, and 107 local, regional and international nongovernmental organizations, as well as 1,850 private sector representatives .

Investment Opportunities Symposium was held in April 2018. The Symposium demonstrated huge local and international investment appetite throughout all of Iraq’s different provinces and promoted new economic models for Iraq such as Public-Private-Partnerships. PPPs should create excellent opportunities for the country, combining support system" rel="">support from public authorities, businesses and civil society. Nine MoUs were successfully agreed, including:

Central Markets Rehabilitation – Al Mustansiriyayah, Al Adl, Al Amal, Al Salihiyya, and Al Shaab. Total project cost: $250m, awarded to Daeco of the UK.Al Muftiyya Project in Basra – Residential, Commercial and Leisure Development. Total project cost $234m, awarded to Daeco of the UK. Soda Complex and Table Salt Production Plant in Al Muthanna. Total project cost: $80m, awarded to Al Ghaith of the UAE. 3 MoUs with Kuwaiti investment group Jawad Bukhamseen to develop hotels and commercial centers in Al Kadhimiyyah, Kerbalaa, and Samarraa. A 5-star hotel and commercial center in Baghdad. The Satellite E-Government Project. Development of the Baghdad Industrial City. Expansion and development of Al Andalus Specialist Hospital in Baghdad. Establishment of a branch of an international specialized university in Baghdad over 25,000 square meters, awarded to Al Hawadi Group of the UAE.

These exciting new initaitives correspond to Iraq’s 5-year plan for 2018-2022. The five-year plan seeks to restructure the economy, putting good governance and multi sector reform at its heart, focussed on the recovery of provinces most affected by internal displacement and difficult security conditions.

The development of Iraq’s investment environment will also enable the development of various sectors and create more than two million new jobs and more integration with regional economies and the global community, paving the way to a bright future.

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2 hours ago, DinarThug said:

LINK

A resounding victory and a road map to push the Iraqi economy forward


8598.jpg 

 

24th June, 2018

After the declaration of absolute victory over the preacher at the end of 2017, the announcement of the Iraqi Prime Minister for the liberation of all Iraqi territory after the occupation of full or partial to many of the Iraqi provinces, including Nineveh and Salahuddin in the north and parts of Diyala in the east and Anbar in the West - nearly 40 % Of the country's territory, which produced 80,000 barrels of crude oil in 2014, represented a historic milestone for the Iraqi people

At the same time, the Iraqi economy has been in a long period of crisis, and suffers from real structural imbalances, whether in the real or financial sectors. This was caused by the absence of economic policy and the lack of long-term relevance. Which is contrary to the rules of modern economic construction, as well as depletion of the country's resources in the wars of liberation and the most recent declaration of victory over a supporter

Despite the preoccupation of the Iraqi government to liberate its territory, it has tended as it tries to lift the economy from its problems in the provision of basic services to citizens and fill the salaries of employees is the deficit and the investment gap, which requires filling from other sources, both domestic investment (private sector) or foreign investment, This depends on creating an enabling investment environment that will convince investors to come to the Iraqi arena or else the difficulties and problems will continue

New political orientations

In August 2015, Iraqi Prime Minister Haidar al-Abadi introduced reforms to reduce the size of the government and address corruption, accompanied by local economic reforms based on reducing unnecessary public expenditures and increasing the efficiency of collecting public revenues, including customs duties and taxes. Non-oil revenues, which are poured into the public budget alongside oil

  The Iraqi government leaders reform program to simplify procedures to help in investment and remove obstacles to investors and businessmen and Iraqis and foreigners and lift obstacles to projects, especially through the start of commercial activity, which became easier in Iraq by combining multiple registration procedures and shorten the time required to register companies. Entrepreneurs are no longer required to register their companies independently with the General Authority for Taxes. In addition, the time required for registration of companies has been reduced, owing to the increased resources available in the registration services and the improvement of the electronic registration system

A new dawn of economic reform is taking place in Iraq

 The effects of the reform initiative have emerged across many sectors, with the flow of non-oil revenue increasing now. A total of 2,219 and 2323 new private sector companies were registered in 2016 and 2017 respectively. The Iraqi Stock Exchange witnessed an increase in trading volume from KD 516 billion to KD 900 in the same period

The World Bank also confirmed that, during 2016-2017, Iraq had been able to implement fundamental changes in the domestic regulatory framework in two main areas: starting business and obtaining credit

Iraq has also strengthened its credit information infrastructure by launching a credit bureau operated by the Central Bank of Iraq, which includes a five-year history of 234,967 individuals and 4,877 commercial loans as of January 1, 2017

"The Iraqi government has embarked on a fundamental reform agenda based on the General Government Framework Program (2014-2018), which places priority on institutional economic reforms and the development of the private sector , " said Saroj Kumar Jha, regional director for the Middle East division at the World Bank

The Government of Iraq also succeeded in strengthening the investment mechanism in the country and put it through the ratification of the following economic and investment agreements:

In 2015, Iraq joined the International Convention on the Settlement of Investment Disputes between States and Citizens of Other States (the International Center for the Settlement of Foreign Trade), one of the main instruments of international law that protects and encourages foreign investment In 2017, Iraq ratified the United Nations Convention on Transparency in Investor-State Arbitration (Mauritius Convention on Transparency) In 2018, Iraq ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards

A bright future and a productive economy

The conference was held in Kuwait with the participation of 76 countries, 107 international and regional organizations, 51 development funds, NGOs and 1,850 private sector representatives to enhance confidence between Iraq and the international community. Victorious of war

In addition to the achievements of the Kuwait International Conference held in Baghdad, "The Forum of Investment Opportunities and Reconstruction of Iraq" in April 2018, which adopted new economic trends such as public-private partnership, which will provide promising opportunities within the framework of the program of economic reform and the alignment of the countries of the world and international organizations, But stressed the sincere desire and determination of dozens of Iraqi and foreign companies, to enter the fields of investment in the provinces of all countries, which signed  9 investment licenses and memorandums of understanding:

Rehabilitation and development of central markets (Mustansiriya market, the market of justice and work, Salihia and people) worth 205 million dollars, the company Daeco British The Muftiyah project in Basra (residential, entertainment and commercial) worth $ 234 million, the British company Daeco The caustic soda complex and the $ 80 million al-Muthanna table salt production plant. Al Ghaith UAE Company The signing of 3 memorandums of understanding with Kuwaiti investor Jawad Bukhmsen to establish 3 hotels and commercial centers in Kadhimiya, Karbala and Samarra 5 star hotel and shopping center in Baghdad E-government project via satellite Construction of the industrial city in Baghdad Expansion and development of Andalus Specialist Hospital in Baghdad A branch of an international university specialized in Baghdad with an area of 25 acres - Al Hawadi Group UAE

              All the above mentioned projects, initiatives and reforms are in line with the five-year plan 2018-2022 and address the problems and obstacles in the framework of the sustainable development journey in accordance with Iraq's vision for 2030 through the strategic objectives and principles adopted by it, including the establishment of good governance, economic, financial, monetary, And work on the recovery of the provinces affected by the crisis of displacement and the loss of human security

               In addition, providing an attractive environment for investment in all its forms will provide more than two million jobs. It is ultimately a plan that paves the way for building the future state by addressing the challenges and providing new opportunities for growth with continued international and regional support system" rel="">support for Iraq

 

 

LINK

A resounding victory and a road map to push the Iraqi economy forward


8598.jpg 

 

24th June, 2018

After the declaration of absolute victory over the preacher at the end of 2017, the announcement of the Iraqi Prime Minister for the liberation of all Iraqi territory after the occupation of full or partial to many of the Iraqi provinces, including Nineveh and Salahuddin in the north and parts of Diyala in the east and Anbar in the West - nearly 40 % Of the country's territory, which produced 80,000 barrels of crude oil in 2014, represented a historic milestone for the Iraqi people

At the same time, the Iraqi economy has been in a long period of crisis, and suffers from real structural imbalances, whether in the real or financial sectors. This was caused by the absence of economic policy and the lack of long-term relevance. Which is contrary to the rules of modern economic construction, as well as depletion of the country's resources in the wars of liberation and the most recent declaration of victory over a supporter

Despite the preoccupation of the Iraqi government to liberate its territory, it has tended as it tries to lift the economy from its problems in the provision of basic services to citizens and fill the salaries of employees is the deficit and the investment gap, which requires filling from other sources, both domestic investment (private sector) or foreign investment, This depends on creating an enabling investment environment that will convince investors to come to the Iraqi arena or else the difficulties and problems will continue

New political orientations

In August 2015, Iraqi Prime Minister Haidar al-Abadi introduced reforms to reduce the size of the government and address corruption, accompanied by local economic reforms based on reducing unnecessary public expenditures and increasing the efficiency of collecting public revenues, including customs duties and taxes. Non-oil revenues, which are poured into the public budget alongside oil

  The Iraqi government leaders reform program to simplify procedures to help in investment and remove obstacles to investors and businessmen and Iraqis and foreigners and lift obstacles to projects, especially through the start of commercial activity, which became easier in Iraq by combining multiple registration procedures and shorten the time required to register companies. Entrepreneurs are no longer required to register their companies independently with the General Authority for Taxes. In addition, the time required for registration of companies has been reduced, owing to the increased resources available in the registration services and the improvement of the electronic registration system

A new dawn of economic reform is taking place in Iraq

 The effects of the reform initiative have emerged across many sectors, with the flow of non-oil revenue increasing now. A total of 2,219 and 2323 new private sector companies were registered in 2016 and 2017 respectively. The Iraqi Stock Exchange witnessed an increase in trading volume from KD 516 billion to KD 900 in the same period

The World Bank also confirmed that, during 2016-2017, Iraq had been able to implement fundamental changes in the domestic regulatory framework in two main areas: starting business and obtaining credit

Iraq has also strengthened its credit information infrastructure by launching a credit bureau operated by the Central Bank of Iraq, which includes a five-year history of 234,967 individuals and 4,877 commercial loans as of January 1, 2017

"The Iraqi government has embarked on a fundamental reform agenda based on the General Government Framework Program (2014-2018), which places priority on institutional economic reforms and the development of the private sector , " said Saroj Kumar Jha, regional director for the Middle East division at the World Bank

The Government of Iraq also succeeded in strengthening the investment mechanism in the country and put it through the ratification of the following economic and investment agreements:

In 2015, Iraq joined the International Convention on the Settlement of Investment Disputes between States and Citizens of Other States (the International Center for the Settlement of Foreign Trade), one of the main instruments of international law that protects and encourages foreign investment In 2017, Iraq ratified the United Nations Convention on Transparency in Investor-State Arbitration (Mauritius Convention on Transparency) In 2018, Iraq ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards

A bright future and a productive economy

The conference was held in Kuwait with the participation of 76 countries, 107 international and regional organizations, 51 development funds, NGOs and 1,850 private sector representatives to enhance confidence between Iraq and the international community. Victorious of war

In addition to the achievements of the Kuwait International Conference held in Baghdad, "The Forum of Investment Opportunities and Reconstruction of Iraq" in April 2018, which adopted new economic trends such as public-private partnership, which will provide promising opportunities within the framework of the program of economic reform and the alignment of the countries of the world and international organizations, But stressed the sincere desire and determination of dozens of Iraqi and foreign companies, to enter the fields of investment in the provinces of all countries, which signed  9 investment licenses and memorandums of understanding:

Rehabilitation and development of central markets (Mustansiriya market, the market of justice and work, Salihia and people) worth 205 million dollars, the company Daeco British The Muftiyah project in Basra (residential, entertainment and commercial) worth $ 234 million, the British company DaecoThe caustic soda complex and the $ 80 million al-Muthanna table salt production plant. Al Ghaith UAE Company The signing of 3 memorandums of understanding with Kuwaiti investor Jawad Bukhmsen to establish 3 hotels and commercial centers in Kadhimiya, Karbala and Samarra 5 star hotel and shopping center in Baghdad E-government project via satellite Construction of the industrial city in Baghdad Expansion and development of Andalus Specialist Hospital in Baghdad A branch of an international university specialized in Baghdad with an area of 25 acres - Al Hawadi Group UAE

              All the above mentioned projects, initiatives and reforms are in line with the five-year plan 2018-2022 and address the problems and obstacles in the framework of the sustainable development journey in accordance with Iraq's vision for 2030 through the strategic objectives and principles adopted by it, including the establishment of good governance, economic, financial, monetary, And work on the recovery of the provinces affected by the crisis of displacement and the loss of human security

               In addition, providing an attractive environment for investment in all its forms will provide more than two million jobs. It is ultimately a plan that paves the way for building the future state by addressing the challenges and providing new opportunities for growth with continued international and regional support system" rel="">support for Iraq

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4 minutes ago, DinarThug said:

A new dawn of economic reform is taking place in Iraq

Amazing...

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Friday 23 June 2018

Towards effective management of the national economy in Iraq

The second axis: the economic and financial sector
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Brief study paper: a. Dr.. Kazem Jawad Shubar

 

Introduction:

- Over-dependence on oil over the past decades was a serious mistake.

- Oil revenues are unstable, despite the relative improvement witnessed by prices in the current situation.

- Iraq has many comparative advantages that can be used for the purpose of diversifying the national economy.

- Neglecting the natural gas sector, which is a great wealth comparable to oil wealth.

- Budget deficit currently represents about 23% of total expenditure.

- Absence of clear scientific vision to restructure the national economy and lack of interest towards reform and economic diversification.

- Urgent need to involve the private, mixed and cooperative sectors in the tasks of economic planning and administrative reform.

- The need to revive non-oil economic sectors (agriculture, industry, tourism, services ...).

- Iraq imports about 75 to 80% of its food needs.

- Military expenditures consume a large share of public expenditure, despite the initial victory over the forces of darkness and terrorism.

Proposals for reform methods:

- Diversification of the national economy is the required strategy, but it has become very urgent at this stage.

- Gradually reduce the share of the hydrocarbon sector in GDP.

- Involve the private sector effectively in development efforts, as well as the mixed and cooperative sectors.

- The radical reform of state institutions to make them efficient and profitable.

- Establishment of a national body for foreign investments to be one of the safety valves and reserves for the future.

- Link management reform with economic planning in a synergistic way.

- Interest in the natural gas wealth, which is one of the great wealth of Iraq, where Iraq occupies the seventh rank in the world in terms of reserves of natural gas (6400 billion cubic meters).

Proposed administrative frameworks:

- Establishment of a higher council for economic planning and administrative reform to undertake administrative reform, which includes developing work systems, controlling corruption, eliminating disguised unemployment, improving performance and vocational training.

- Appointing an agent in each ministry for development and budget issues and being a member of the Supreme Council, representing the link with his ministry.

- The trend towards reforming the economic institutions and the public services in general.

- Work on the development of basic services and economic incentives.

- Issuing regulations and legislations for the protection of national products, with solid policies to stimulate national production.

- Establishment of specialized research centers for the purpose of developing appropriate production techniques suitable for the country's conditions.

Of the objectives of economic management:

- Creating a balanced economy.

- Taking advantage of the comparative advantages of the country.

- Adjusting inflation and unemployment rates.

- Achieving good growth rates.

- Prevent exploitation and encourage competition.

Tourism is one of Iraq's comparative advantages (archaeological, recreational, religious).

- Other comparative advantages: medical treatments, higher education, transportation and communication.

- The Supreme Council for Economic Planning and Administrative Reform supervises the completion of relevant researches.

- Reviving agriculture and industry.

- Involvement of the private sector and the mixed and cooperative sectors in planning and reform tasks for the purpose of implementing the required reforms

- The promulgation of new legislation in various areas for the purpose of facilitating the implementation of administrative reforms and achieving sustainable development.

.................................. 
* The ICADP Secretariat, founded in 2010, calls on the dear brothers and sisters of Iraqi academics and experts in various fields and scientific and cultural fields from inside and outside Iraq to present their vision for reforming the situation in Iraq by: Evaluating the experience Governance and the political process and the management of the State after 2003 and find effective solutions to their failures, through their participation in their studies and scientific proposals each according to its competence, and evaluated as follows: 
First, identify problems and constraints with respect to the chosen topic. 
Second, providing realistic scientific solutions and proposals without going into details. 
And send them by e-mail: E-mail: icadp@ymail.com 
Dr.. Raouf Mohammed Ali Al Ansari / Secretary General

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FIXED DEPOSIT SERVICE FROM THE ISLAMIC INTERNATIONAL BANK (plus good) is a contest through which you can win 10 million Iraqi dinars to subscribe :-

You say goodbye to 5 million Iraqi dinars as an annual deposit.
((with deposit profits))
Where you enter within a lottery to win a value award up to 10 million Iraqi dinars deliver winners

Lots :- the draw begins from the date of product launch every six months..
The second draw will be renewed after the end of the first, involving participants who have not been lucky in the first

* the date of the lottery is reported by the credit officer

Deposit Profits :-
The Profits of the deposit depend on how much.
After the signing of the speculative contract containing the reconciliation contract,
(the competent officer will explain to you what is the legal verdict and how to deal away from usury)
The profitability is as follows for deposits held in Iraqi dinar currency :-
• Deposit for 3 months profit rate be
(5 %)
• Deposit for 6 months profit ratio (5.5 %)
• Deposit for 12 month profit rate (6 %)
• Deposit for 18 month profit rate (6.5 %)
• Deposit for 24 month profit rate (7 %)


* the deposit can be withdrawn at any time but the rate of profits will vary based on the table above
* Upon Withdrawal of the deposit before the specified period of a good plus product, you will not be entered in the semi-Annual Draw, which amounts to 5 million

 

 

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