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Parliament and the Ministerial Council for Economy are discussing reform measures to overcome the economic crisis


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Parliament and the Ministerial Council for Economy are discussing reform measures to overcome the economic crisis

4/21/2020

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Baghdad - Mawazine News

discussed the House of Representatives and the Ministerial Council for Economy, on Tuesday, the reform measures to overcome the economic crisis in Iraq.


The media office of the First Deputy Prime Minister stated, in a statement / Mawazine News / received a copy of it, that "to complete a series of meetings with the Ministerial Council for Economy, to discuss a set of governmental measures to address the economic crisis caused by the decline in oil prices in global markets and the repercussions of the global corona pandemic, Hassan Karim Al-Kaabi, First Deputy Speaker of the House of Representatives, met in his office today, Tuesday, 21- April 2019, Chairman of the Parliamentary Finance Committee Haitham Al-Jabouri, Abdul Karim Al-Faisal, Chairman of the Council of Ministers Councilors Adviser, member of the Ministerial Council for Economy, and a number of advisers in the office.


The statement added, "The meeting discussed the proposals and the maturity of some opinions regarding dealing with the economic crisis, leading to the participation of the House of Representatives in the event that a legal and legislative cover for these reform measures is required."


Al-Kaabi said, "All countries of the world are currently facing the same enemies represented by the economic crisis and facing the pandemic of Corna, and this requires everyone to join hands, in order to get out of these crises."


He added, "Despite crises and their negative effects and their repercussions on the individual, society and the country as a whole, it could be the best opportunity to carry out reforms and develop solutions to problems and find alternatives to maximize resources and revitalize important economic sectors but were absent for certain reasons."

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1 hour ago, DWS112 said:

 

LMAO!!! I don't think you could get an intelligent remark from any of the above mentioned. They are in a jam an about to get hysterical, the thought of them not being able to borrow anymore money an the oil profits appear to be gone are driving them crazy. They will shoo this new PM elect in so fast their heads will swim because that's the only way to get to their budget an CBI reserves. They are clueless about what's gonna happen after those funds are gone but hey, maybe China can bail them out....

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6 minutes ago, DoD said:

 

LMAO!!! I don't think you could get an intelligent remark from any of the above mentioned. They are in a jam an about to get hysterical, the thought of them not being able to borrow anymore money an the oil profits appear to be gone are driving them crazy. They will shoo this new PM elect in so fast their heads will swim because that's the only way to get to their budget an CBI reserves. They are clueless about what's gonna happen after those funds are gone but hey, maybe China can bail them out....

 

If China 🇨🇳 does bail them out, China will own Them outright. Wonder what that would look like.

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1 hour ago, DWS112 said:

Parliament and the Ministerial Council for Economy are discussing reform measures to overcome the economic crisis

4/21/2020

image

 

 "Despite crises and their negative effects and their repercussions on the individual, society and the country as a whole, it could be the best opportunity to carry out reforms and develop solutions to problems and find alternatives to maximize resources and revitalize important economic sectors but were absent for certain reasons."

 

The above in red is a joke.  Typical politician speak.  STOP TALKING and just get it done dummies!!

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7 hours ago, jcav said:

Despite crises and their negative effects and their repercussions on the individual, society and the country as a whole, it could be the best opportunity to carry out reforms and develop solutions to problems and find alternatives to maximize resources and revitalize important economic sectors but were absent for certain reasons."

 This along with this taken from rumour section says real discussion are taken place 

 

The official, who preferred to remain anonymous, added that “continuing to hold auctions to sell currency and pump tens of millions of dollars per day to preserve the value of the dinar leads to great risks for the country’s economy, and it is better for the central bank to cancel the currency auction and install its local currency, since most of the beneficiaries are Of these auctions are not businessmen and merchants, but banks, banks and private sector companies dominating the market, a large part of which has been transferred out of Iraq.

 

According to the official, “There are daily discussions to reach a road map that enables the country to maintain an acceptable exchange secret of the dinar against the dollar.”

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“it could be the best opportunity to carry out reforms and develop solutions to problems and find alternatives to maximize resources and revitalize important economic sectors but were absent for certain reasons."

 

It is time to move to an open market economy and give market value to the IQD.
 

Go RV 
Go asap

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20 minutes ago, Laid Back said:

“it could be the best opportunity to carry out reforms and develop solutions to problems and find alternatives to maximize resources and revitalize important economic sectors but were absent for certain reasons."

 

It is time to move to an open market economy and give market value to the IQD.
 

Go RV 
Go asap

:bravo::bravo::bravo:

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15 hours ago, DWS112 said:

Well put LB!

Thanks DWS,

Iraq is under an enormous economic pressure, covid19, Opec production cuts, low oil prices. The time to give real market value to the IQD is now.

14 hours ago, WheresmyRV? said:

:bravo::bravo::bravo:

Thanks WmyRV👍🏼🙂

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54 minutes ago, Laid Back said:

Thanks DWS,

Iraq is under an enormous economic pressure, covid19, Opec production cuts, low oil prices. The time to give real market value to the IQD is now.

Thanks WmyRV👍🏼🙂

LB, Truly hope and pray they do this ASAP...Keeping the faith...🙏🙏

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1 minute ago, Arceo said:

Can’t even find the English link

Sorry A, here's the lingo:

 

The Iraqi Stock Exchange announced the resumption of trading on shares next Sunday, after the recent decisions of the Anti-Corona Virus Cell to reduce the ban hours from 24 hours to 11 hours.

 

The Stock Exchange said in a book addressed to the Securities Commission seen by the "Economy News", "The Board of Governors decided to resume the activity of stock trading sessions as of Sunday, April 26," noting that "brokerage companies will trade from their headquarters in Baghdad remotely using The electronic trading system associated with the market.

 

He stressed that "the investor base in the market will remain closed until further notice, as well as the permanence of employees will be 25% with a commitment to wear masks and the required preventive operations."

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Just now, Laid Back said:

We wait and see my friend.!

Sunday the 26 could be an interesting day for the dinar.

💯 I think we are all holding our breath to see what pops out from behind the ISX curtain 

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3 minutes ago, screwball said:

this one talking about deleting zeros

Thanks for posting this article screwball. I saw it, dismissed it, but has nagged me ever since.

"the need to re-work with coins that were used in Iraq during the past decades"

Could we see the 25, 50, 100 dinar old coins of 2004 brought to life?

 

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