Dinar file

[yota691]

 

Fitch: Unemployment has risen in three Arab countries, including Iraq

 

 2022-01-06 01:20

 

Shafaq News/ The credit rating agency, Fitch, reported that three Arab countries, including Iraq, experienced an increase in unemployment with the advent of the Covid-19 pandemic, which worsened the situation in them.

Fitch said; Youth unemployment and the lack of economic opportunities for them with a growing population represents a major policy challenge and a threat to political and social stability in most countries in the Middle East and North Africa.

She pointed to the growth of demographic challenges since the outbreak of the events of the Arab Spring (2010-2011), which partly reflects the grievances of young people who are deprived of their rights, indicating that with the advent of the Covid-19 pandemic, conditions have worsened, and the already high unemployment rates have increased in Iraq, Jordan and Morocco.

Fitch added in a report seen by Shafak News Agency; The growth of real GDP per capita was weak in all countries of the region except for Egypt and Morocco, and labor force participation rates declined, in a trend that preceded the spread of Corona in Egypt, Morocco and Jordan.

It showed that demographics has a multi-faceted impact on sovereign ratings, as high population growth rates promote growth and thus exert a downward force on government debt dynamics, as is the case in Egypt. It leads to high unemployment rates and stagnant living standards, which increases the risks of social and political instability.

She explained that the need to contain social stability risks often leads to increased government spending on public sector employment and provision of subsidies, which leads to wider deficits and a tighter spending structure, noting that this approach succeeded in containing youth unemployment in Tunisia to some extent over the decade. The past, but culminated in debt sustainability and politically intractable financing challenges.

[yota691]

Three Arab countries, including Iraq, have high unemployment

JANUARY 6, 2022

3

1 MINUTE READING

 

 The credit rating agency, Fitch, reported that three Arab countries, including Iraq, experienced an increase in unemployment with the advent of the (Covid-19) pandemic, which worsened the situation in them.

Fitch said; Youth unemployment and the lack of economic opportunities for them with an increasing population represents a major challenge to policies and a threat to political and social stability in most countries in the Middle East and North Africa, and the growth of real per capita GDP was weak in all countries of the region except for Egypt and Morocco, and also declined. Labor force participation rates, in a trend that preceded the spread of Corona in Egypt, Morocco and Jordan.

And Fitch added in a report seen by “Al- Sharq Telescope ” that “demographics have a multifaceted impact on sovereign ratings , as high population growth rates promote growth and thus exert a downward force on the dynamics of government debt, as is the case in Egypt. Economic growth in excess of the growth rate of the labor force can lead to high unemployment rates and stagnant living standards , which increases the risks of social and political instability . ”

She explained that the need to contain social stability risks often leads to an increase in government spending on public sector employment and the provision of subsidies, which leads to wider deficits and a tighter spending structure , pointing out that this approach succeeded in containing youth unemployment in Tunisia to some extent over the course of the year. The past decade has culminated in debt sustainability and politically intractable financing challenges.

It is noteworthy that Fitch Ratings is an American credit rating agency, and it is considered one of the three largest credit rating agencies approved by the Securities and Exchange Commission in 1975.

[yota691]

Fitch: Unemployment has risen in three Arab countries, including Iraq

 

Material uses Economy News _ Baghdad The credit rating agency, Fitch, reported that three Arab countries, including Iraq, experienced an increase in unemployment with the advent of the Covid-19 pandemic, which worsened the situation in them. Fitch said; Youth unemployment and the lack of economic opportunities for them with a growing population represents a major policy challenge and a threat to political and social stability in most countries in the Middle East and North Africa. She pointed to the growth of demographic challenges since the outbreak of the events of the Arab Spring (2010-2011), which partly reflects the grievances of young people who are deprived of their rights, indicating that with the advent of the Covid-19 pandemic, conditions have worsened, and the already high unemployment rates have increased in Iraq, Jordan and Morocco. Fitch added in a report seen by Shafak News Agency; The growth of real GDP per capita was weak in all countries of the region except for Egypt and Morocco, and labor force participation rates declined, in a trend that preceded the spread of Corona in Egypt, Morocco and Jordan. It showed that demographics has a multi-faceted impact on sovereign ratings, as high population growth rates promote growth and thus exert a downward force on government debt dynamics, as is the case in Egypt. It leads to high unemployment rates and stagnant living standards, which increases the risks of social and political instability. She explained that the need to contain social stability risks often leads to increased government spending on public sector employment and provision of subsidies, which leads to wider deficits and a tighter spending structure, noting that this approach succeeded in containing youth unemployment in Tunisia to some extent over the decade. The past, but culminated in debt sustainability and politically intractable financing challenges.

Views 151   Date Added 01/06/2022

[yota691]

dinar file

Saturday 08 January 2022 225

 Thamer Al-Haims

 

Fitch International, the international credit rating agency, expected that Iraq will witness the highest growth in the Gulf oil-exporting countries next year, to rates that may reach 1.8%.

Undoubtedly, the national product as a whole is affected by the infrastructure of the stability and strength of the national currency. It is known that the rise and fall of currencies in light of the relationship with economies is dealt with, most notably the dollar.  

We hear, for example, about the decline of the Turkish lira and the Iranian toman, and this is done through a central decision, as is the case with the Iraqi dinar, as happened recently from a reduction, to counter the bleeding of the dollar, as a result of excessive importation, not as is the case with the two neighbors, as we imported the cheapest in hard currency and what competes with the national product.

 Grape leaves, yellow corn stalks and even molasses were imported, while the aim was to reduce external transfer for the purposes of the importer, which means that the flotation door is still wide open, as we did not notice a difference or reduction in external transfer for import purposes in its excessive aspect when we compare it with Devaluation of the dinar.

The sales of the currency window did not decrease by a quarter, as did the dinar, as on the contrary, the product was keeping pace with and matching the price of the importer, in addition to the costs that made it rise compared to its imported counterpart, which is not covered by the standards of the Iraqi specification, as a privilege for the importer to be applied only to the national product.  

According to the Ministry of Finance and its standards, the country should receive 7 billion from customs annually, but in fact, only 12% of customs resources reach the Ministry of Finance, and the smuggled funds since 2003 amounted to 350 billion dollars, which is equivalent to 32% of the revenues Iraq in 18 years. The question is, was the smuggled plus the seven billion annually in customs waste sufficient to prevent the dinar's value from depreciating? Let's prepare for our oil resources with which we will compete with oil countries in OPEC, and allocate a special fund for lawsuits to follow up on smuggled money in safe and unsafe international havens. We can also reach an understanding with the Turks with a reasonable commercial offer in exchange for water that has been reduced by half to secure our food security, which is not only represented by wheat, but also related to Devices and equipment that raise the level of our agriculture while it faces a water crisis in any case, despite the presence of an advanced Iraqi industry for sprinklers in Alexandria factories.

An equal economic relationship with neighboring countries, in general, may develop from barter valued in dollars, then move towards monetary exchange in national currencies, in addition to political and security stability and the consequent of integrated projects bilaterally or regionally in the light of international projects, which enhances a stable dinar. 

In any case, the process of floating the dinar was and still does not reflect the accounts of the threshing floor, but rather the calculation of a field that has long been exposed to the factors of corruption, and the result was an increase in the poverty rate while we face the challenges of organized smuggling and the water file, meaning that monetary policy requires transparency through which it is presented in the next budget and a return to the system of opening credits Documentary, to end the stage of exceptions and emergencies, which have become a fundamental reason for the fragility of the dinar.

[Wiljor]

Looks like they are getting ready to make the jump to the worlds stage 

[tigergorzow]

5 hours ago, Wiljor said:

Looks like they are getting ready to make the jump to the worlds stage 

Wiljor,  Always Keeping the faith!!

[horsesoldier]

These people have to talk every thing incessantly ‘ forever and a day ‘ before they actually get around to doing it. 
Hopefully we reached the “ and a day “ stage. Of course there’s just no telling how long THATS going to last. 
The passage & concept of “ Time “ as we understand it in its relationship to all things appears to not be recognized in the same fashion in the M. E. : most notably in Iraq. 
The last 19 years shows us that. C’mon Iraq, push the button-puhlease 

[Sage449]

Pre-covid they couldn't get enough workers either. Every project constructed looked like a plethora of international employees. Seemed like every country was well represented.