10.8.2015
still CBI initiative seeking to make huge loans worth five trillion dinars to banks and the private sector in order to revitalize the national economy, is still (step unsecured consequences) on the economic future of Iraq, so as to inter considerations could be clarified in accordance with the following important themes:
1. The current state system in Iraq is clearly defined already, and there are a number questions about the nature of the system required his followers: Is it a system approaching from the socialist system or capitalist or (Islamic) or is another system combines all of those systems are not harmonized, it has not been so far determine the political system and economic, which should form part of Iraq is moving his approach Alhelama volatile and which is still going in the experimentation frameworks, rather than a desire to walk a global economic system, adopt a market economy, followed in most countries of the world.
2. The current state plans, if any, they rely on imports immediate action and variables of the political situation confused, not on the basis of earnest desire to follow the economic system to benefit from the experiences of countries preceded us in this area, and the Iraqi economy depends on a single source side is the oil resources, and if Mahdtt negative developments serious may lead to unprecedented declines in prices, and the lack of other sources of national income, the country is exposed because up to the abyss of God but did not know the extent of Mataatrkh very bad effects on the future of Iraq.
3. The private sector companies that the Iraqi Central Bank would like to make his contributions to her is on the side of lending in order to develop its activities, but most of these private sector companies linked to the forces and personalities from within the political system is accused of corruption and that the future is not guaranteed, being dependent on projects by many question marks the lack of companies can be trusted by the Iraqis, as the previous years experiences with most of those affiliated companies to the private sector linked to people and political forces can not be trusted by investors and the national market, which are fed to deal with such patterns of those companies.
4. The absence of a law to invest in Iraq so far preclude the entry of large investment firms into the country, and that reliance on a small national companies provides little of the Iraqi economy potential secured by commercial and economic progress and effective, compared to the investment that specialized companies seeking to enter Maadenh in Iraq size, It is at the same time is not guaranteed market and by many question marks because of the volatility of the security situation and the confusion often, as the internal challenges and the presence of Daash does not guarantee the existence of the trust of those big companies to enter the Iraqi market, this probably forced the central bank to resort to means lending as part of his attempt move the internal national economy, perhaps it will be able to search for alternatives to the consolidation of the national economy or move it to maximize resources, but this step can be carried out by the job banks, including Rafidain Bank, more than being the Central Bank of Iraq mission, even sources of funding go to destinations guaranteed a Rafidain Bank which is able to be able to return such huge sums of money through him able to expand the resources of the country, and contribute to the development of economic and commercial potential.
5. The exchange all these huge sums (five trillion) and she went to different sectors of industrial and commercial companies and local investment through the private sector does not guarantee a promising economic market in the future in light of political confusion and economic, to not dependent system can be a message of reassurance to others to move in so strong activities, because previous bitter experiences and threats that might be exposed to organizers of the investment and not to allow the cartel in control of the country's figures and businessmen known and those with long experience, prevents the entry of major companies or businessmen with significant in the private sector, trade, and many of the entrants to the Capital Market and Trade who will know that their activities would be to losses probably will enter into a confrontation with these characters and big corporations in order to thwart the entry of the Iraqi market and fight them in any way, including the well-known methods of extortion, which had witnessed in control on trade and finance channels in the Iraq mission, they are from Genoa profits obscene, and perhaps those included in (understanding) joint to move the country to what is more dangerous than the current situation, many different forms in ways that corruption, be a gateway to the former in order to keep their word and the holy grail to acquire wealth and money sources, who are will remain the gatekeepers necks power and money in different ways, and methods of fraud difficult to detect Sometimes, what makes the development of sectors Iraq's economy is not guaranteed results, but that access to huge amounts of loans is almost akin to miracles.
6. The demonstrations sweeping the country's internal and popular resentment of the political and religious leaders that have faced criticism and various accusations of embezzlement and the acquisition of wealth sources, makes it is the current political system stability order is not guaranteed results, and the political situation is exposed to violent shocks, and Edery Iraqis to any of the methods striding, and their future completely mysterious, but that even the leaders of the country realized that ordered its survival is not guaranteed how the Iraqi Central Bank raises serious step of this kind in an attempt to lend to large-sized, possibly claiming the fate of the country's wealth to the disastrous channels, makes it ordered the recovery of all those amounts is certainly not guaranteed.
7. Grotesquely, that pose important names such as Prof. Muhammad economic adviser appearance in favor of renowned economist and an expert on behalf of Jamil perceptions to move in this direction to support the move of the Central Bank of Iraq in his move lending fairy this without or provide guarantees for how to recover those fictional amounts that affect the stock of the Central Bank of Iraq and reserves dramatically and without considerations of the risks already referred to in this important review, which is the room because enters the top leaders the concerns of interested ordered the country and the future of those with a sense of nationally and ensure the safety of sources of wealth that is exposed to looting, exploitation and fraud in various ways in order to remain the controlling the future of the country and according to the whims even if gold future of millions of Iraqis and their generations to hell.
These observations are very important, we wanted placed in front of those in charge of affairs of the country, and the financiers, economists and policy experts, to study Mitrtbaatha dangerous for the future of the country and their effects, before they reach things in Iraq respond to cases of serious economic, it was unprecedented in the history of Iraq ever seen.
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