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Expert (time): mafias subtle control of the Iraqi economy and weaken the private sector
– August 9, 2015
Central called bonds worth 5 trillion dinars to citizens on credit
BAGHDAD
Governor of the Central Bank revealed agency on the Keywords for bank aims to launch a national bonds worth 5 trillion dinars to citizens on credit, and the issuance of bonds worth $ 5 billion to be sold on credit in favor of the Ministry of Finance, to be sold at discounted prices and recover the dollar, stressing the readiness of the bank for months to make up the shortfall in cash However, government measures that led to the delay in that, as Director of the Office of Prime Minister Mahdi Keywords said that the (Council of Ministers established a cell consisting crisis of the central bank and ministries of finance and planning and others to take urgent decisions to address things fast in front of projects), explaining that the (loans were one which reached the cell for approval and approval).
He said on the Keywords during a speech at the launch of loans industrial, agricultural and real estate banks conference in Baghdad on Saturday that (the bank would launch a national bonds worth 5 trillion dinars to citizens on credit, and the issuance of bonds worth $ 5 billion to be sold on credit in favor of the Ministry of Finance and the launch of loans through bonds in dollars term are sold at a reduced price).
He pointed out (contribution Bank to inject 3 trillion dinars in the form of bonds, loans and lending to small businesses that have been allocated trillion dinars and five trillion dinars aim of economic growth in Iraq correct), stressing say (not for the work carried out by the bank for we have seen a financially difficult situation in Iraq).
He pointed out (not Iraq's ability to transform overhead into a productive economy able to develop the economy despite the fact that the country has great opportunities from human materials and expertise, as these costs did not contribute to the expansion of the productive base and did not achieve any development of the economy).
Stressing (the bank's readiness to continue lending to banks and micro-finance, to ease the financial crisis and spare the country from external borrowing), adding that the (central bank is ready for some time to launch these amounts).
long time
He called that (do not take these initiatives too long to invest the money in the projects, as the microfinance activity represents a key and important to achieve a high proportion of gross domestic product and perhaps the first in the forefront of all sectors).
The conference was held in the presence of Deputy Prime Minister Ruz Nuri Shaways and Governor of the Central Bank and the Agency on the Keywords finance, agriculture, industry and housing, ministers and members of the Finance Committees and the economy Alniabaten.
For his part, said Director of the Office of Prime Minister Mahdi Keywords in a speech at the conference that the (Council of Ministers work on the establishment of a cell consisting crisis of Finance and Planning and other Central Bank and the ministries to take urgent decisions to address things fast in front of projects, and loans were on one of the findings of the cell for approval and approval them).
He pointed out that (the crisis cell set up a committee to follow up and make recommendations on the financing of commercial banks to the Cabinet for discussion), adding that the (Council of Ministers will hold a meeting to correct the tracks on the government to work in following a call reference because of the quota system and there will be a number of decisions to improve the financial and political level).
He guessed Keywords that (enter the draft private sector financing five trillion dinars into effect in two weeks), adding that the (support liquidity specialized in this amount commercial banks will enable it to provide loans to industrial and agricultural and providing housing and mortgages and thus will be reflected on economic activity and job creation) .
In the meantime, an economist that the launch of the bond is one of the alternative solutions for the advancement of the economy said, referring to the presence of (hidden mafias) supports her officials and influential role of the Iraqi economy.
The expert said Ali al-Kaabi (time) yesterday that (launch bonds will contribute to solving part of the economic crisis, one of the closest alternative solutions to the current situation, which enhances the confidence of the citizen Sindh and the government), stressing that (on the central bank to launch these bonds to see the size of the turnout had been and Hjd contribution to compensate the lack of liquidity in the markets).
Alternative solutions
He said that (there are other, including the imposition of taxes and customs tariff and benefit from the money invested in alternative solutions outside the country in addition to investment support), adding that (ask to borrow bonds abroad is the best thing because of the limited purchasing power of individuals at home).
He saw the (lack of state support for the private sector through the provision of raw materials led to a reliance on unilateral source of funding, as there are a lot of manpower in various industries in the unemployed counter), pointing out (to stop a lot of industries in the country and high prices raw materials to pay most of the citizens to resort to import licenses for the price of imported goods to own those countries to factories and machines, as well as the weakening of the role of the private sector in economic development because of the negligence of the government and not receiving any support, but a warrior and tired of the powerful).
He explained Kaabi (crude sale is going on according to the lined and undeclared agreements at cheap prices in order to satisfy some quarters as to spending money crude exports on imports leads to a weak economy and the loss of the money), stressing the (need to have the national income of the country's multi-faceted support agriculture and industry, etc.), pointing out that (there are mafias hidden support profile officials and have a significant impact in the economy).
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– August 9, 2015
Central called bonds worth 5 trillion dinars to citizens on credit
BAGHDAD
Governor of the Central Bank revealed agency on the Keywords for bank aims to launch a national bonds worth 5 trillion dinars to citizens on credit, and the issuance of bonds worth $ 5 billion to be sold on credit in favor of the Ministry of Finance, to be sold at discounted prices and recover the dollar, stressing the readiness of the bank for months to make up the shortfall in cash However, government measures that led to the delay in that, as Director of the Office of Prime Minister Mahdi Keywords said that the (Council of Ministers established a cell consisting crisis of the central bank and ministries of finance and planning and others to take urgent decisions to address things fast in front of projects), explaining that the (loans were one which reached the cell for approval and approval).
He said on the Keywords during a speech at the launch of loans industrial, agricultural and real estate banks conference in Baghdad on Saturday that (the bank would launch a national bonds worth 5 trillion dinars to citizens on credit, and the issuance of bonds worth $ 5 billion to be sold on credit in favor of the Ministry of Finance and the launch of loans through bonds in dollars term are sold at a reduced price).
He pointed out (contribution Bank to inject 3 trillion dinars in the form of bonds, loans and lending to small businesses that have been allocated trillion dinars and five trillion dinars aim of economic growth in Iraq correct), stressing say (not for the work carried out by the bank for we have seen a financially difficult situation in Iraq).
He pointed out (not Iraq's ability to transform overhead into a productive economy able to develop the economy despite the fact that the country has great opportunities from human materials and expertise, as these costs did not contribute to the expansion of the productive base and did not achieve any development of the economy).
Stressing (the bank's readiness to continue lending to banks and micro-finance, to ease the financial crisis and spare the country from external borrowing), adding that the (central bank is ready for some time to launch these amounts).
long time
He called that (do not take these initiatives too long to invest the money in the projects, as the microfinance activity represents a key and important to achieve a high proportion of gross domestic product and perhaps the first in the forefront of all sectors).
The conference was held in the presence of Deputy Prime Minister Ruz Nuri Shaways and Governor of the Central Bank and the Agency on the Keywords finance, agriculture, industry and housing, ministers and members of the Finance Committees and the economy Alniabaten.
For his part, said Director of the Office of Prime Minister Mahdi Keywords in a speech at the conference that the (Council of Ministers work on the establishment of a cell consisting crisis of Finance and Planning and other Central Bank and the ministries to take urgent decisions to address things fast in front of projects, and loans were on one of the findings of the cell for approval and approval them).
He pointed out that (the crisis cell set up a committee to follow up and make recommendations on the financing of commercial banks to the Cabinet for discussion), adding that the (Council of Ministers will hold a meeting to correct the tracks on the government to work in following a call reference because of the quota system and there will be a number of decisions to improve the financial and political level).
He guessed Keywords that (enter the draft private sector financing five trillion dinars into effect in two weeks), adding that the (support liquidity specialized in this amount commercial banks will enable it to provide loans to industrial and agricultural and providing housing and mortgages and thus will be reflected on economic activity and job creation) .
In the meantime, an economist that the launch of the bond is one of the alternative solutions for the advancement of the economy said, referring to the presence of (hidden mafias) supports her officials and influential role of the Iraqi economy.
The expert said Ali al-Kaabi (time) yesterday that (launch bonds will contribute to solving part of the economic crisis, one of the closest alternative solutions to the current situation, which enhances the confidence of the citizen Sindh and the government), stressing that (on the central bank to launch these bonds to see the size of the turnout had been and Hjd contribution to compensate the lack of liquidity in the markets).
Alternative solutions
He said that (there are other, including the imposition of taxes and customs tariff and benefit from the money invested in alternative solutions outside the country in addition to investment support), adding that (ask to borrow bonds abroad is the best thing because of the limited purchasing power of individuals at home).
He saw the (lack of state support for the private sector through the provision of raw materials led to a reliance on unilateral source of funding, as there are a lot of manpower in various industries in the unemployed counter), pointing out (to stop a lot of industries in the country and high prices raw materials to pay most of the citizens to resort to import licenses for the price of imported goods to own those countries to factories and machines, as well as the weakening of the role of the private sector in economic development because of the negligence of the government and not receiving any support, but a warrior and tired of the powerful).
He explained Kaabi (crude sale is going on according to the lined and undeclared agreements at cheap prices in order to satisfy some quarters as to spending money crude exports on imports leads to a weak economy and the loss of the money), stressing the (need to have the national income of the country's multi-faceted support agriculture and industry, etc.), pointing out that (there are mafias hidden support profile officials and have a significant impact in the economy).
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