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Go Iraq Part 6


6ly410
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Iraqi 2020 budget to be submitted next month

Parliament Financial Committee member Junain Al-Qaddo affirmed Monday that the new 2020 budget will be discussed next month.

Qadddo further said that the budget set oil barrel prices at $56 per barrel.

He also pointed out that this budget will be different in nature than last year’s budget because this one is relying more on investments, and not operation.

The Parliament Member said they will discuss allocation some money from the budget to certain types of citizens, like the unemployed.
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https://gov.krd/english/the-governments-mission/reforms/

 

Our plans to reform Kurdistan's economy

The new Kurdistan Regional Government will create a stronger, diversified economy that delivers more prosperity for everyone.

The elements of this plan are:

Reducing debt

The government is committed to encouraging investment and development opportunities across the whole of Kurdistan. However, changes won't happen overnight. Firstly, we must take control of the region's finances and reduce our debts.

This will involve working constructively with Baghdad to gain the federal government's help in tackling our debts, while gaining a fairer share of all revenues.

Promoting economic diversity

Kurdistan's economy has benefitted greatly from oil and gas reserves. However, times change, and we must create new opportunities for ourselves.

One of the government's priorities involves putting in place economic diversification measures. In addition to exploiting our wealth of sustainable energy sources, these initiatives will also encourage investment in three key sectors: industry, agriculture and tourism.

Making it easier to do business in Kurdistan

We will create the right regulatory framework to encourage foreign and domestic entrepreneurs, make it easier to do business in Kurdistan and invest in infrastructure across the region. We’re also creating a digital “one-stop-shop” to cut bureaucratic red tape and ensure business owners can quickly get the support and advice they need to thrive.

Kurdistan's future economic prospects are bright. Potential investors and business partners will draw encouragement from the new government's determination to tackle its fiscal challenges in a robust and transparent manner, while laying the foundations for sustained and widespread economic growth.

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What's the use of coins at the moment ..

Economy 08:10 - 20/08/2019

 

https://www.mawazin.net/Details.aspx?jimare=61023

image.png.9870c555b92ccd68a4c633a4ecb13be2.png

Baghdad - Mawazine News
A member of the management of the Iraqi Economic Council Sadiq al - Mashat, the statements of the parliamentary finance committee on the Iraqi government 's quest to re - work coins.
Al-Mashat said in a statement received / Mawazine News / a copy of it, that "the Iraqi government going at the moment to re-work coins is not positive because the financial developments in most countries of the world go to electronic currencies," indicating that "the work of electronic currencies in Iraq has been in great demand during Past few years. "
He added: "More useful to the state is to reduce the use of currencies in general and urged the Iraqi consumer to pay electronically," indicating that "this measure provides the state the value of minting coins and the value of printing paper currency."
Al-Mashat called through the statement to "the importance of working in electronic currency rather than return to cash and metal," noting that "electronic currency can include small cash categories from one fils to one dinar and thus numbers upward for small cash categories."
Al-Mashat said, "The banknotes will disappear after 30 years because of the high demand for electronic currency."
The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy. "

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30 minutes ago, DinarThug said:

Yep - And He’s Clearly Demonstrating A LOP ! :o 

 

26 minutes ago, lmb4321 said:

DT....No Increase in value?...

The Bro's ain't going to be happy.....👍

 

And I Guess U Can Forget About The Dong ! :o 

 

antonio banderas snl GIF

 

:D  :D  :D 

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8 hours ago, Pitcher said:

 

Hey Chuck, don’t forget the good stuff.  You know I need that good stuff to Party the right way..

 

DABE35C4-4BAF-455A-94DD-724CA3BE6F2D.gif.9d31fed222c05d64e1bc913086ce406b.gif

 

 

Bro Brothers are working on a Maui Party song. 

F530B827-FD12-4D57-944A-89CBDF9022E0.gif

 

Lets go Bros.

Getting those boys real meat. Going to look for a local who can make some old fashion root beer. May have to go A&W or Dad's. 

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The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy. "

 

Reinstate: to restore someone or something to their former position or Condition 

 

GO CBI

GO RI

GO Former Glory 

GO $3.22

 

Thanks for the post 6ly410

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10 hours ago, 6ly410 said:

What's the use of coins at the moment ..

Economy 08:10 - 20/08/2019

 

https://www.mawazin.net/Details.aspx?jimare=61023

image.png.9870c555b92ccd68a4c633a4ecb13be2.png

Baghdad - Mawazine News
A member of the management of the Iraqi Economic Council Sadiq al - Mashat, the statements of the parliamentary finance committee on the Iraqi government 's quest to re - work coins.
Al-Mashat said in a statement received / Mawazine News / a copy of it, that "the Iraqi government going at the moment to re-work coins is not positive because the financial developments in most countries of the world go to electronic currencies," indicating that "the work of electronic currencies in Iraq has been in great demand during Past few years. "
He added: "More useful to the state is to reduce the use of currencies in general and urged the Iraqi consumer to pay electronically," indicating that "this measure provides the state the value of minting coins and the value of printing paper currency."
Al-Mashat called through the statement to "the importance of working in electronic currency rather than return to cash and metal," noting that "electronic currency can include small cash categories from one fils to one dinar and thus numbers upward for small cash categories."
Al-Mashat said, "The banknotes will disappear after 30 years because of the high demand for electronic currency."
The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy. "

6ly410 Thanks, DV, Excellent articles & loving all the very positive news of late.  We are getting closer to the finish line IMHO....😊😊👍👍

 

GO RV & RI

Edited by tigergorzow
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1 hour ago, Laid Back said:

The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy. "

 

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