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Bankers and economists warn that Iraq be included in the black list and calling for urgent reforms

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tlm724

tlm724
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Thanks for posting this Rocky ! We will go over this in a bit !


_________________
Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

tlm724

tlm724
ADMINISTRATOR
ADMINISTRATOR

[tlm724] controversy and heated discussions on the real reasons behind the significant decline in the value of the dinar in recent weeks.

[tlm724] the elimination of speculation as well as create a state of compatibility between monetary and fiscal policy,

[tlm724] warning of the possibility of inclusion of Iraq in international black list in the event does not take the required reforms of the banking sector

[tlm724] no doubt ! I've said it before and I'll say it again this is as serious as a heart attack !

[tlm724] noting that the timeframe for the sale of the dollar's status by 75 million dollars a day was an example of blatant interference in the Bank's policy

[tlm724] sure was !

[tlm724] one of the important initiatives taken by the bank which is carrying out national development project with the support of $ 1 trillion dinars form of loans for the establishment of small and medium enterprises

[tlm724] which is long overdue.

[tlm724] thats the under statement of the year !

[tlm724] , "adding that" the dollar selling process means other hand pull the dinar from the market, and this process help the central bank to curb money supply and reduce the resort to printing more currency, which will help in reducing inflation and stabilizing the general level of prices. "

[tlm724] the dollar selling process means other hand pull the dinar from the market, and this process help the central bank to curb money supply

[tlm724] He continued that "other options such as floating exchange rate policy - or dollar sale directly by the Ministry of Finance, they Options ascertains - especially in Iraq - stability and control of the exchange rate for reasons related to the nature of the circumstances, institutional, regulatory, market and regulatory environment and other ".

[tlm724] "accompanying the case of inherited fear of the conditions of the country in the former regime and the blockade paid a lot of hedge what can be exposed dinar, as happened in the nineties. This phenomenon receive an additional burden on the central bank to increase demand for the dollar.

[tlm724] all call that the best option is to edit the currency sale restrictions to stabilize prices and filling corruption

[tlm724] an option that we put forward in our meeting in the Finance Committee in the House of Representatives in 14/06/2015 from between other options, the Commission agreed with us to pursue this option.

[tlm724] or "to be the exchange rate, up a certain percentage in return for scrapping or customs duties and indirect taxes reduction,

[tlm724] adding that" the second option is best suited in Iraq to secure revenues and avoid cases of corruption and manipulation

[tlm724] indicating that the bank has a problem regarding freedom of movement of funds

[tlm724] Iraq is committed to the Convention on the International Monetary Fund since 1945 amended and indicate Article 8 of this Convention to liberalization of the current account of the balance of payments means freedom exports and revenues and conversion returns to work and capital

[tlm724] He also Antoine that the tax be levied on goods entering the country, how they are met without entry any goods of the country? Adding that the proportion of the 5 percent fee Kmarkip deducted after the entry of the goods into the country at the border crossing.

[tlm724] Banking expert Adel Nouri expressed concern about the inclusion of the Iraq Central Bank in the blacklist stressing the need to take urgent action to avoid it

[tlm724] that is basically it, this is a synopsis of the meeting. The actual results and actions are still to be seen


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