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After April 9, 2003 .. Prospects for Financial Development and Existing Challenges


yota691
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Iraqi joy (upset) and the biography of a dictator from tyranny to a pit of shame

 
 Baghdad: Muhammad Al-Ansari and Muhannad Abdul-Wahhab 
 
April 9, 2003 was not a day like any other day in the lives of Iraqis. On that day, the criminal tyrant Saddam fell, and with him the dictatorship, tyranny and barbarism that accompanied his bloody rule for more than 3 decades, although the scenes that satellite channels and agencies transmitted to the countries of the world from Baghdad were shocking. And influential, but it expressed the reality of what the oppressed Iraqi people have suffered for years from killing, displacement, misery and devastation. 
The Iraqis remember tomorrow, April 9, the first footage of the dropping of the statue of the tyrant Saddam in Paradise Square in Baghdad, millions of them inside the country and others like them in exile and the countries of the Diaspora. He died in a bruise, murder, or disease, and it became a suffocating prison for the “dead” of them, but the joy of the Iraqis with the fall of the idol and their salvation to freedom “diminished” and remained so to this day after the passage of 18 years after the event. The interconnectedness of its tools for people with kernels.
First Deputy Speaker of Parliament, Hassan Al-Kaabi, confirmed that "the crimes of the buried regime cannot be forgotten, as they are against humanity and civilization." : "The tragic memory and the tragic incident of the martyrdom of Mr. Muhammad Baqir Al-Sadr revealed the ugliness of the Baath’s platform and its unjust gang."
He added that "Iraqis have suffered for decades from hunger, deprivation, misery and Baathist terrorism, especially the families of martyrs and prisoners, and from sympathy and lived their suffering." Human rights led to the fragmentation of society and its institutions. " 
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The Prime Minister, Mustafa Al-Kazemi, affirmed today, Friday, that the Iraqis insist on life and a tomorrow worthy of their sacrifices.

Al-Kazemi said, in a tweet that was followed by Alsumaria News, "The memory of the martyrdom of the master Muhammad Baqir al-Sadr At the hands of the oppressive regime, it is a painful day and a milestone in Iraqi history, which after 23 years of that day recorded the memory of the collapse of the regime itself, tyranny, absurdity, vanity and tyranny that turned our days into calamities. "
 
 
 

He added, "But the Iraqis insist on life and a tomorrow fit for their sacrifices."
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Al-Kazemi: Iraqis insist on life and a future worthy of their sacrifices

Political02:12 - 04/09/2021

 
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BAGHDAD - Mawazine News
, the Prime Minister, Mustafa Al-Kazemi, affirmed on Friday that Iraqis insist on life and a future worthy of their sacrifices.
In his tweet on the Twitter platform, Al-Kazemi said, “The memory of the martyrdom of Imam Muhammad Baqir al-Sadr at the hands of the tyrannical regime is a painful day and a milestone in Iraqi history, which recorded 23 years after that day the memory of the collapse of the regime itself tyranny, tampering, vanity and tyranny. You have turned our days into calamities. "

He added, "But the Iraqis insist on life and a tomorrow worthy of their sacrifices." Ended 6/29 N

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The political leaders remember the day of the martyrdom of al-Sadr and the fall of the tyrant

 
 Baghdad: Morning
 
On Friday, the country's political leaders commemorated the annual martyrdom of the Islamic scholar and thinker Sayyid Muhammad Baqir al-Sadr and his Alawite sister, Bint al-Huda, in 1980, which coincided with April 9, 2003, the day the criminal tyrant Saddam Saddam fell 18 years ago.
The President of the Republic, Barham Salih, said in a tweet on “Twitter”: “On April 9, we remember the martyrdom of Imam al-Sadr and the fall of the despotic regime that committed the most heinous crimes against the Iraqis.” He added that "the major transformations achieved after the change cannot be underestimated, and we must acknowledge failures that cannot be justified only by the legacy of the previous regime," affirming that the current situation "needs a new political contract that will reform the rule towards a capable and sovereign state." In turn, Prime Minister Mustafa Al-Kazemi said in a tweet on “Twitter”: “The memory of the martyrdom of Sayyid Muhammad Baqir al-Sadr at the hands of the tyrannical regime is a painful day and a milestone in Iraqi history, which recorded 23 years after that day the memory of the collapse of the regime itself, tyranny. Absurdity, vanity and tyranny have turned our days into calamities, but the Iraqis insist on life and a tomorrow befitting their sacrifices. For his part, the leader of the Sadrist movement, Muqtada al-Sadr, said in a tweet on the occasion:
In addition, the Secretary-General of the Islamic Dawa Party, Nouri al-Maliki, said: “The blood of the martyr al-Sadr has turned into a permanent fuel for the movements of sacrifice and jihad against injustice and dictatorship.”
Al-Maliki added, in a statement, that “the ex-Baath Party is a plagued movement created to fight Islamic thought,” noting that “the criminal Baath has been eliminated and some of its members have been executed, and he is trying to infiltrate some of the state’s sites, but he will not return.”
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April 9 .. Change the shape of the economy and what is required to overcome the challenges

 
 Baghdad: Haidar al-Rubaie and the emirate
 

 The assurances of the economic circles continue that the period that followed April 9, 2003 carried with it many positive aspects, which changed the form of the national economy relatively, although the ambition was greater than it is now, and the challenges facing the economic scene need a great effort that helps to change the shape of the economy and make it fit Actually with the country's capabilities and wealth. The process of change carried great ambition and achieved wide openness to the world and international organizations, after an interruption that lasted for decades due to deliberate policies before that date, which left a significant decline in economic performance, and today the acceleration of the activation of the economy requires more effort, advanced technology and capital to shorten the time and effort in order to achieve sustainable development.
Political transition

For his part, the economist Dr. Hussein al-Khaqani indicated, during his speech to Al-Sabah, that “what was achieved after 2003 included various aspects of life, as well as the important political transformation and the vote on the country's first permanent constitution. The economic side also witnessed qualitative leaps in various The aspects, as Iraq and after it was bound by the Memorandum of Understanding for the oil-for-food, medicine and humanitarian supplies program, the market witnessed after the year 2003 a remarkable recovery and the entry of goods, equipment and equipment, which were not allowed to circulate in previous periods, such as satellites, mobile phones, etc. The Iraqi - who arrived before 2003 to about three thousand dinars for one dollar - has not revived commercial activity with the outside world.
 
Exit from Chapter Seven
Al-Khaqani also shows, that «one of the important gains that Iraq obtained after the year 2003, is its exit from Chapter VII, which placed Iraq under economic embargo», indicating that «this achievement returned Iraq to the international system and build its normal relations with economic organizations and institutions Financing, praising at the same time, the change in the financial and banking system and the Central Bank, which has become independent from the government in controlling domestic and foreign cash flow, reducing the dollar exchange rate and setting bank interest rates, which together created relative stability in the local market, accompanied by the issuance of A set of laws governing banking.
 
local production
Among the positives that the economic decision-maker was able to achieve after the year 2003, according to Al-Khaqani, is “the rise in gross domestic product, which increased from 26 billion dollars in 2002 to more than 200 billion dollars since 2013 and after, pointing at the same time, to The general budget has also witnessed major developments in revenues and expenditures, and the budget surplus appeared in the years 2004 to 2013, but the deficit ratios in the budget began to appear since 2014 ».
Despite the package of positive achievements achieved, however, Al-Khaqani has identified a number of challenges that still face the Iraqi economy, stressing that “unemployment is the most important of these challenges, as this phenomenon clearly emerged after 2003 and after the dismissal of hundreds of thousands of soldiers, in addition to the increase in the number of new graduates and the loss of some Workers in the private sector, due to their work due to economic openness and commodity dumping, which disrupted some productive projects. The economist believes that "poverty is also one of the economic challenges that are still without real treatments, and it is linked to the increase in unemployment and the growing population."
Al-Khaqani explained, “The shift towards a market economy, despite its positive aspects in increasing the efficiency of productive institutions and revitalizing the private sector, but it posed a real challenge due to the dominance of state institutions during the previous periods, severe centralization in decision-making and the weak efficiency of state institutions in the use of economic resources and the government's monopoly on oil resources. And the difficulty of giving up government support for industrial and agricultural projects, and the difficulty of giving up support for the electricity sector.
 
Reserve and production
In turn, a member of the Baghdad Economic Forum, Jassim Al-Aradi, stated that "what was achieved after the year 2003 to transparency in the extractive industries, whose idea was born in 2002 at the Johannesburg Conference in South Africa, and began with simple criteria and the countries were invited to it and requests for accession followed, and Iraq is the country number 13 that joined the initiative." And the largest in terms of reserves and production among the countries that make up the organization ».
It is noteworthy that the President of the International Initiative Council visited Iraq with a specialized delegation in 2009 and met with several government figures at that time and issued an invitation to enter the initiative, and it was actually done because Iraq is far from the international system since 
Decades.
He pointed out, "the importance of the initiative and for the country it is considered a passport with international organizations and specialized international companies, which are interested in Iraq applying international transparency standards in oil-producing countries."
 
Restoration of the economy
He pointed out to “the adoption of a reform project aimed at protecting the cement producer by issuing Resolution 409 prohibiting the import of cement. This decision has achieved a turning point for this industry and the government's approach to rebuilding the local economy and this vital issue and constructive experience.”
It is noteworthy that the Iraqi General Cement Company has achieved production and marketing booms after the decision to ban the import of cement, as the verification rate of production in 2016 reached 150% compared to 2015.
 
raw materials
In his industrial turn, Abdul Hassan Al-Shammari stated that "the local product, including some foodstuffs, juices, and mineral water, has proven its existence and is able to cover the local demand." That the project owner undertakes the actual implementation. Stressing that talking about establishing integrated industrial cities away from routine is an imperative to encourage national industries, as they must contain an integrated infrastructure, as well as a complex that includes all government departments, with an administration that has all the powers that facilitate the granting of licenses in less than a month.
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After April 9, 2003 .. Prospects for Financial Development and Existing Challenges

 
 Baghdad: Farah Al-Khafaf 
 

The evaluation of experts and specialists in economic affairs continues for the period that followed April 9, 2003, which witnessed a positive shift in important economic aspects, accompanied by a decline in other sectors, and this is considered by economists as a matter that accompanies any economic transformation process and change from one reality to another.
Financial expert Thamer Al-Azzawi said: "The change contributed to the liberation of the national currency from the restrictions of the previous regime."

 
The price of the dinar
Al-Azzawi added that "one of the most important economic achievements after April 9, 2003, is the issuance of the new currency, which resulted in raising the price of the Iraqi dinar and making it come out of the prison in which he lived during the era of the previous regime, and his purchasing power improved rapidly, with financial and economic measures taken." And he stated that "the Iraqi dinar, after 18 years, has become stronger than many currencies of neighboring countries, and others, regionally and globally, with the availability of a monetary block that is good compared to the circumstances."
 Current ”.
 
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A member of the National Business Council, Ahmed Mkalf, stated that "despite the many positive aspects that were achieved after April 9 in the economic aspects, from reducing Iraq's debts, opening up to the world and returning Iraq to its regional and international surroundings, developing the oil sector and controlling its revenues, but the matter needs to be addressed by The challenges that accompanied the transformation phase, foremost of which are protecting the local product and developing the production sectors to address all the problems that Iraq suffers, providing job opportunities and achieving economic integration. 
 
Attracting to invest
As for the real estate specialist, Saad Al-Zaidan, he believed that "the entry of investments into the construction and housing sector is one of the positive things that the years after the fall of the regime have witnessed."
He added, "Investments have contributed to moving the labor market, and have provided hundreds of thousands of job and employment opportunities for the youth, the unemployed, craftsmen, graduates and others," noting that "thousands of projects were implemented during 18 years, turning the country into a magnet for investment, after it was captive to the restrictions of the government and its security and intelligence services." ".
 
world Trade
In turn, the trade specialist, Raed Al-Amiri, referred to a point he described as the task that occurred after the fall of the dictatorial regime.
Al-Amiri affirmed that "Iraq has opened its doors to global trade, and the Iraqi merchant has become a world record to be counted for, after he was dominated by the moods of a shabby regime. Currently, the Iraqi merchant you find in most countries of the world, imports and exports goods." 
Is negotiating. "
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3 minutes ago, yota691 said:

After April 9, 2003 .. Prospects for Financial Development and Existing Challenges

 
 Baghdad: Farah Al-Khafaf 
 

The evaluation of experts and specialists in economic affairs continues for the period that followed April 9, 2003, which witnessed a positive shift in important economic aspects, accompanied by a decline in other sectors, and this is considered by economists as a matter that accompanies any economic transformation process and change from one reality to another.
Financial expert Thamer Al-Azzawi said: "The change contributed to the liberation of the national currency from the restrictions of the previous regime."

 
The price of the dinar
Al-Azzawi added that "one of the most important economic achievements after April 9, 2003, is the issuance of the new currency, which resulted in raising the price of the Iraqi dinar and making it come out of the prison in which he lived during the era of the previous regime, and his purchasing power improved rapidly, with financial and economic measures taken." And he stated that "the Iraqi dinar, after 18 years, has become stronger than many currencies of neighboring countries, and others, regionally and globally, with the availability of a monetary block that is good compared to the circumstances."
 Current ”.
 
Magazine product
A member of the National Business Council, Ahmed Mkalf, stated that "despite the many positive aspects that were achieved after April 9 in the economic aspects, from reducing Iraq's debts, opening up to the world and returning Iraq to its regional and international surroundings, developing the oil sector and controlling its revenues, but the matter needs to be addressed by The challenges that accompanied the transformation phase, foremost of which are protecting the local product and developing the production sectors to address all the problems that Iraq suffers, providing job opportunities and achieving economic integration. 
 
Attracting to invest
As for the real estate specialist, Saad Al-Zaidan, he believed that "the entry of investments into the construction and housing sector is one of the positive things that the years after the fall of the regime have witnessed."
He added, "Investments have contributed to moving the labor market, and have provided hundreds of thousands of job and employment opportunities for the youth, the unemployed, craftsmen, graduates and others," noting that "thousands of projects were implemented during 18 years, turning the country into a magnet for investment, after it was captive to the restrictions of the government and its security and intelligence services." ".
 
world Trade
In turn, the trade specialist, Raed Al-Amiri, referred to a point he described as the task that occurred after the fall of the dictatorial regime.
Al-Amiri affirmed that "Iraq has opened its doors to global trade, and the Iraqi merchant has become a world record to be counted for, after he was dominated by the moods of a shabby regime. Currently, the Iraqi merchant you find in most countries of the world, imports and exports goods." 
Is negotiating. "

Wow, great article! Thank you Yota!

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29 minutes ago, Longtimelurker said:

And he stated that "the Iraqi dinar, after 18 years, has become stronger than many currencies of neighboring countries

 

compare iqd and fact check iraqs currency against these neighbors Financial expert Thamer Al-Azzawi ...... maybe the problem has been found the experts cant do simple arithmetic or they claim the usd as part of iraqs national currency , only neighboring country the iqd is ahead of is heavily sanctioned iran or "neighboring country" means something different than geographical location   ....  :facepalm3:

 

Turkey - nope 

iran -yup

syria -nope

jordan - nope

saudi arabia - nope

kuwait - nope 

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1 hour ago, yota691 said:

"the Iraqi dinar, after 18 years, has become stronger

Iraq dinar has become stronger after 18 years? From 2003 until now, the rate went down from 1190 to 1450 and 1450 is called a stronger iraq dinar?  Come on iraq, you got to be kidding me. Are you joking? During a saddam regime, the rate was 3.22 usd and this rate 3.22 usd  was called a stronger iraq dinar. After the fall of saddam, the rate went down the toilet and the rate is 1450.

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