Al-Kazemi's advisor announces the possibility of providing millions of job opportunities within the investment package program

[yota691]

Exchange rate and market stability

Saturday 19 February 2022 122

 

 Baghdad: Mustafa Al-Hashemi

 

A group of economic specialists called for a study of market conditions and their proportionality with the citizen’s income before taking any step regarding the exchange rate adjustment, unless it is positive for the citizen in the first place and the markets in the second degree, because the citizen is the active element in this equation, at the time when the financial advisor suggested Prime Minister Mazhar Muhammad Salih, a mechanism to address the side effects of changing the exchange rate, specialists stressed the need to provide electricity to factories, and implement advanced marketing plans for local production to ensure the reduction of import and dependence on the national product.

Saleh said, in a statement to the Iraqi News Agency (INA), "It is time for fiscal policy to play its active and important role in addressing the side effects, which resulted from the change in the exchange rate and its effects on income, especially the poor and low-income classes being negatively affected by price failures without 

Compensation".

 

tax cuts

Saleh added, "This aspect directly bears the importance of reducing customs taxes in a tangible way on imported foodstuffs, medicines and local production supplies, as well as restructuring government support for goods and services that directly affect the poor social classes."

For her part, economic researcher Aya Adel said that “one of the means to achieve stability in the Iraqi market is to provide the national product with all its ramifications, whether it is a food or electrical industry and others.”

 

Save electricity

Adel indicated to “Al-Sabah” that “the factories of the Ministry of Industry companies, for example, produce equipment, devices and clothing, but they lack marketing plans, and above all that they suffer from a lack of electricity, which is the problem of industry in Iraq, whether it is for the public sector or for the public sector. 

The private". In turn, the economic researcher Khaled Abdel Hussein pointed out that “any decision that will be taken on the side of adjusting the exchange rate will have repercussions, even if the intention is to achieve positive results,” explaining that “this decision will confuse local markets, especially after the decision of the Central Bank has passed more than more than one year.” A year, during which the markets witnessed a new pattern with which the citizen became acquainted for a long time 

duration.”

 

market conditions

Abdul-Hussein considered “the necessity of studying market conditions and their compatibility with the citizen’s income before taking any step regarding the exchange rate adjustment. 

Relationship".

And he indicated that “the relevant authorities are represented by the ministries of Finance, Planning, Interior and Economic Security, along with the Ministry of Commerce and the Central Bank. The Ministry of Finance is responsible for customs and taxes, and the Interior pursues smuggling and industrial fraud, and the Ministry of Planning is responsible for drawing up inflation policy and limiting price increases, and the Ministry of Commerce is related to its role.” By controlling imports, the central bank will decide the final decision to raise or lower the exchange rate 

The dollar.”

[6ly410]

 

Al-Kazemi’s advisor warns of the repercussions of adjusting the dollar exchange rate

Posted 14 seconds ago

https://iraqakhbar-com.translate.goog/3502948?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

news source /first news agency

 

News source / First News Agency

( Iraq News Encyclopedia of News )

Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, warned of the repercussions of amending the exchange rate, while pointing out that the amendment would lead to a “significant” loss for the state. 

And the official agency, followed by (Al-Oula News), quoted Saleh as saying, “The currency market is inevitably affected by information, as is the bond sale market, which is considered a free market and has duelists and an information market,” noting that “sometimes there are false information that disrupts the market or may Being honest leads to the exchange of buying and selling very quickly.”


He added, "It is not possible to deviate from the contexts of the Ministry of Finance, but if the exchange rate is modified, it will have a benefit and a loss, and the state's loss will be greater because it has achieved revenues in the form of an inflation tax at a rate of 20%, and if the value of the dinar is raised, the value of the increase will be lost by public finance, especially And it relies on 93% of the value of its revenues that depend on oil, as it is a key player in managing the budget,” stressing that “the government must address the effects of this, especially on the poor.”


He pointed out that "there must be two directions to solve the crisis, the first is to re-evaluate the dinar and raise it alone, and it seems that there is no tendency on the part of the Ministry of Finance, but it must use the compensatory tendency such as taxes and customs duties, expand the base of social benefit and improve the food ration of the poor," pointing out He pointed out that "the budget compensates for the difference between the exchange rate difference by supporting the poor in the budget and expanding the base of support, and this is what the Ministry of Finance tends to do now."


He continued, "Among the solutions is also maintaining the prices of fuel and food and consumer goods in the markets to compensate for the income," stressing that "the market is stable at a low exchange rate and there is a high price difference, but inflation is still within the single decimal place, according to a statement by the Ministry of Planning."


And he warned, that "if inflation exceeds two ranks, it will become a danger," noting that "the biggest solution to treating inflation is interfering with the exchange rate."

 

 

Disclaimer: The content under the title (Al-Kazemi’s advisor warns of the repercussions of adjusting the dollar exchange rate) was first published on the (Al-Oula News) website, and the Iraq News Encyclopedia website does not bear the content of the news in any way. Read ( disclaimer ).
And you can view the details of this title (Al-Kazemi’s advisor warns of the repercussions of adjusting the dollar exchange rate) through its original source on the (Al-Oula News) website from the source link below the news

[yota691]

Al-Kazemi's advisor, Mazhar Muhammad Salih: The state's loss will be great by adjusting the exchange rate

March 01 2022 - 11:00 PM

Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified two directions for resolving the exchange rate crisis, while explaining the extent to which the currency market was affected by conflicting statements.
Saleh said, "The currency market is inevitably affected by information, and the bond sale market is also affected, which is a free market with duelists and an information market," pointing out that "sometimes there is false information that disturbs the market or may be truthful that leads to the exchange of buying and selling very quickly."
He added, "It is not possible to deviate from the contexts of the Ministry of Finance, but if the exchange rate is modified, it will have a benefit and a loss, and the state's loss will be greater because it has achieved revenues in the form of an inflation tax at a rate of 20%, and if the value of the dinar is raised, the value of the increase will be lost by public finance, especially And it relies on 93% of the value of its revenues that depend on oil, as it is a key player in managing the budget,” stressing that “the government must address the effects of this, especially on the poor.”
He pointed out that "there must be two directions to solve the crisis, the first is to re-evaluate the dinar and raise it alone, and it seems that there is no tendency on the part of the Ministry of Finance, but it must use the compensatory tendency such as taxes and customs fees, expand the base of social assistance and improve the food ration of the poor," pointing to That "the budget compensates the difference between the exchange rate difference by supporting the poor in the budget and expanding the base of support, and this is what the Ministry of Finance tends to do now."
He continued, "Among the solutions is also maintaining the prices of fuel and food and consumer goods in the markets to compensate for the income," stressing that "the market is stable at a low exchange rate and there is a high price difference, but inflation is still within the single decimal place, according to a statement by the Ministry of Planning."
And he warned, that "if inflation exceeds two ranks, it will become a danger," noting that "the biggest solution to treating inflation is interfering with the exchange rate."

[yota691]

Al-Kazemi's advisor is likely to issue decisions in suppor t of this class through the ration

• Time: 03/05/2022 11:40:59
•  
• Reading: 1,495 times

  

{Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Muhammad Salih, suggested the issuance of decisions supporting the poor classes during the next two weeks.

Saleh told {Euphrates News}: "We expect that a number of decisions in support of the poor classes will be issued during the next two weeks, through the ration card."

He added: "So far, the financial expenditure is calculated on the budget of last year, because there is no budget, and that this expenditure is restricted."

He continued, "As for any disposal of other revenues, it must be by law."

Raghad Daham

[yota691]

Al-Kazemi's advisor announces the possibility of providing millions of job opportunities within the investment package program

Adviser to the Iraqi Prime Minister Mazhar Muhammad Salih

 March 23, 2022 03:36 PM

Mubasher: Adviser to the Iraqi Prime Minister, Mazhar Muhammad Salih, presented today, Wednesday, a proposal to establish a fixed committee for the productive partnership between the public and private sectors, while indicating the possibility of providing millions of job opportunities within the investment package program.

Adviser to the Prime Minister, Mazhar Muhammad Salih, told the Iraqi News Agency, "Ana", "It has become necessary to integrate the national market as a productive force, market makers and its pioneering forces on the one hand, and the productive labor force on the other."

He explained, "The current financial leverage of the state as a result of tangible financial accumulations can be directed towards integration with the productive market forces and by generating strong partnerships between the relevant sectoral government interfaces in terms of specialization and division of labor with the private sector to advance productive activity and make a tangible transition in priority activities." .

He added, "Among the activities, investing in agriculture with high cash returns, digital services, and operating factories that are capable of generating millions of job opportunities, within the program of the pioneering investment package in the economy."

He continued, "We may propose the establishment of a fixed committee for the financing and productive partnership between the state and the private sector to map the future in a thoughtful, accurate and accelerating manner that pushes the wheel of the economy and its growth forward."