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Iraqi economy reforms piracy and dark tunnel
Hassan Ahmed Murad
23/08/2015
It is well known that the great role that central banks play in achieving cash balance and economic stability can not be for any country to ignore this if it wants to wheel its economy according to Sir true Platform. From this point of nations in general it worked on the need to entrust the responsibility of managing this vital sector of specialists qualified enjoy the independence of decision away from political pressure and non-political, and the granting of authority to make decisions for those who have long experience in this area.
But in Iraq before the fall of the Baath regime in 2003 was outstanding of the banking system and financial feature, but the economic sector in general is subject to state policy and the decisions of politicians (mostly on non-financial) result, which led to the worsening economic recession and high inflation rates and a lot of other economic blunders that can not be mentioned now. The fact that the deterioration suffered by the Iraqi economy by the fall of the regime in 2003 was not the result of economic decisions wrong by the economic and financial elites, but was essentially the collection of logical and inevitable failure of political visions reflected suspiciously on the economy in all its fractions such as years eight war with Iran and the invasion of Kuwait and the economic blockade .. etc.
But after the change experienced by the political regime in Iraq as a whole appeared to many financial analysts and economists that Iraq will witness economic recovery open well within several years despite the difficulties that were facing the wheel of the Iraqi economy at the time, so what of Iraq as a state of economic elements No good can guarantee the arrival of economic, financial and monetary sector to terminals stability.
and almost that be achieved if the elites and political parties did not follow the political platform itself by subjecting the financial and banking sectors to the decisions of politicians and maneuvers political, partisan and sectarian, tribal and personal interests but Edhi of all this has been to harness the economy as a whole to achieve political and partisan and personal goals and remember here, for example, but not limited to smear campaign that took place in 2013, which ended in the resignation of Dr. Sinan Chalabi's central bank governor from office and then long campaign deputy, Dr. appearance of Mohammed Saleh, who rejected the use of foreign currency reserves and lending it to the government illegally , that the absence of Iraqi competencies known in the international and domestic arena hit monetary policy paralysis and put the reputation of Iraq Finance at stake and each had an impact evident in floundering economic and monetary policy, and as the sum normal for the intervention of politicians and users in the financial and monetary affairs exacerbated by a wave of corruption is unrivaled and reached its limit to make Iraq sits at the top of the list of most corrupt countries in the world for nearly ten years starting from the year 2005 up to 2014, according to international standards of transparency and this is what called leave many international economic circles in the capital Baghdad to nominate the most corrupt in the world. It should be noted here that the Islamic Dawa Party, was topping the helm of government for eight years of that period, represented by the former Prime Minister Nuri al-Maliki, who bear the bulk of responsibility for the economic sector failed to achieve his goals, though entities and blocs and other parties also bear no part too bad of that responsibility.
In general, the deterioration of the economic situation and Tgahgahrh led to the aggravation of the shadow economy, or what is known as the hidden economy, which exceeded all limits, while in the countries of the world governments to fight the gray economy by all means tomorrow the situation in Iraq on the contrary, quite the same government but including the majority of political parties and institutions have contributed to the ruling and influential political institution but has worked to consolidate the hidden economy and install its roots in the infrastructure of the economy until tomorrow deviation and manipulation and bribery and fraud usual Aldedn for the majority of the financial and economic transactions, whether those practiced by the people and private sector institutions Omassat State and opposers take it odd for the general rule.
Some specialists known phenomenon of the underground economy or the shadow economy that all income-generating activities which are not recorded in the GDP accounts either to deliberately hide them or to evade associated disclose legal obligations and either because they are in violation of the legal system and that at the same time the economy is not subject to government control , do not enter its inputs and outputs in the national accounts, but it depends (secrecy in his buying and selling and act). Based on this concept brief can we realize the size of the growth of this phenomenon and its impact on GDP Iraqi (sectors-oil and non-oil) if we know the disappearance of hundreds of millions and even billions of hard currency from the Iraqi market annually and that are smuggled often in ways and illegal methods to outside Iraq, or spend huge sums on fake projects Aothamil many projects fictional figures comparable to the real tens value or hundreds Dilution In Aktrmen sector.
What is unfortunate in this context is happening in the role of some banks and the banks and government and private institutions serving the economic structure to one pillars that helped the growth of the phenomenon of the underground economy through the promotion of non-legal transactions and their role dubious in currency smuggling and she does in front on a lot of suspicious financial transactions.
In a nutshell, we can say that, despite the rise in gold reserves and the increase in foreign currency reserves in the past two years, but Iraq as a state and after More than a dozen years on the demise of the Baathist regime did not fail to reach the only economic prosperity but could not even reach the slightest economic stability, and the best evidence on the Iraqi economy has failed to achieve the aspirations of the citizens is rising citizens living below the poverty line to nearly ratio 30% and the low level of services provided by the state to its citizens, and Harder than that, the reduction of the national income and gross domestic product in oil exports, which constitutes approximately 90% of total revenue adopted by the State in the preparation of annual budgets, no economic sector able to get out of the shell adopted unilateral economy almost entirely on a single source of income, this is what can promise the worst types of economic policies in the world, especially that of the petroleum sector is also known, is subject to a number of international and regional political and economic changes, and the fluctuation of the price of oil is almost out of the control of any country in the world, including major countries controlling international politics and economy, how can a country like Iraq to develop an annual budget which relies on oil as a principal source and almost single to get the revenue in order to finance public expenditures? And then expect not to subject those budget deficit at the end of the fiscal year! .
Finally remains to say that the Iraqi economy, and during the last period has been subjected to an act of piracy many officials and people with high grades, which resulted in wear-economic and financial structure and carrying ordinary citizens participated (although the doctrine and religion and nationality and ideology contrast or political affiliation) burden and the results of such piracy, so it is necessary to Government Haider al-Abadi at the moment not to proceed with its reform package, but the development of new basis for economic policy may extend to the era to come of time depends on the diversification of income sources Abertktev interest in non-oil sectors which will result to the alleviation of unemployment I took to grow as a result of the lack of successful government policies interfere at necessary order to secure employment opportunities and also work to reduce class differences between groups in society as a means to reduce poverty line is increasing year after year level, as well as the reform of the banking sector through the adoption and application of international standards and with precision in the work of the banks.
Sure, those measures will face forcefully and decisively by the economic and political pressure groups, which has moved its arms tentacles in most of the joints of the economic and political state, however, that the current government is now between two things only two either have the guts enough and proper planning to seek and Alastmrarvi attempts to save what is left of the ruins of the Iraqi state and the face of all the pressures and the adoption of a similar policy of previous governments and walk at the same tunnel that the dysfunctional only further ruin and retreat.
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Hassan Ahmed Murad
23/08/2015
It is well known that the great role that central banks play in achieving cash balance and economic stability can not be for any country to ignore this if it wants to wheel its economy according to Sir true Platform. From this point of nations in general it worked on the need to entrust the responsibility of managing this vital sector of specialists qualified enjoy the independence of decision away from political pressure and non-political, and the granting of authority to make decisions for those who have long experience in this area.
But in Iraq before the fall of the Baath regime in 2003 was outstanding of the banking system and financial feature, but the economic sector in general is subject to state policy and the decisions of politicians (mostly on non-financial) result, which led to the worsening economic recession and high inflation rates and a lot of other economic blunders that can not be mentioned now. The fact that the deterioration suffered by the Iraqi economy by the fall of the regime in 2003 was not the result of economic decisions wrong by the economic and financial elites, but was essentially the collection of logical and inevitable failure of political visions reflected suspiciously on the economy in all its fractions such as years eight war with Iran and the invasion of Kuwait and the economic blockade .. etc.
But after the change experienced by the political regime in Iraq as a whole appeared to many financial analysts and economists that Iraq will witness economic recovery open well within several years despite the difficulties that were facing the wheel of the Iraqi economy at the time, so what of Iraq as a state of economic elements No good can guarantee the arrival of economic, financial and monetary sector to terminals stability.
and almost that be achieved if the elites and political parties did not follow the political platform itself by subjecting the financial and banking sectors to the decisions of politicians and maneuvers political, partisan and sectarian, tribal and personal interests but Edhi of all this has been to harness the economy as a whole to achieve political and partisan and personal goals and remember here, for example, but not limited to smear campaign that took place in 2013, which ended in the resignation of Dr. Sinan Chalabi's central bank governor from office and then long campaign deputy, Dr. appearance of Mohammed Saleh, who rejected the use of foreign currency reserves and lending it to the government illegally , that the absence of Iraqi competencies known in the international and domestic arena hit monetary policy paralysis and put the reputation of Iraq Finance at stake and each had an impact evident in floundering economic and monetary policy, and as the sum normal for the intervention of politicians and users in the financial and monetary affairs exacerbated by a wave of corruption is unrivaled and reached its limit to make Iraq sits at the top of the list of most corrupt countries in the world for nearly ten years starting from the year 2005 up to 2014, according to international standards of transparency and this is what called leave many international economic circles in the capital Baghdad to nominate the most corrupt in the world. It should be noted here that the Islamic Dawa Party, was topping the helm of government for eight years of that period, represented by the former Prime Minister Nuri al-Maliki, who bear the bulk of responsibility for the economic sector failed to achieve his goals, though entities and blocs and other parties also bear no part too bad of that responsibility.
In general, the deterioration of the economic situation and Tgahgahrh led to the aggravation of the shadow economy, or what is known as the hidden economy, which exceeded all limits, while in the countries of the world governments to fight the gray economy by all means tomorrow the situation in Iraq on the contrary, quite the same government but including the majority of political parties and institutions have contributed to the ruling and influential political institution but has worked to consolidate the hidden economy and install its roots in the infrastructure of the economy until tomorrow deviation and manipulation and bribery and fraud usual Aldedn for the majority of the financial and economic transactions, whether those practiced by the people and private sector institutions Omassat State and opposers take it odd for the general rule.
Some specialists known phenomenon of the underground economy or the shadow economy that all income-generating activities which are not recorded in the GDP accounts either to deliberately hide them or to evade associated disclose legal obligations and either because they are in violation of the legal system and that at the same time the economy is not subject to government control , do not enter its inputs and outputs in the national accounts, but it depends (secrecy in his buying and selling and act). Based on this concept brief can we realize the size of the growth of this phenomenon and its impact on GDP Iraqi (sectors-oil and non-oil) if we know the disappearance of hundreds of millions and even billions of hard currency from the Iraqi market annually and that are smuggled often in ways and illegal methods to outside Iraq, or spend huge sums on fake projects Aothamil many projects fictional figures comparable to the real tens value or hundreds Dilution In Aktrmen sector.
What is unfortunate in this context is happening in the role of some banks and the banks and government and private institutions serving the economic structure to one pillars that helped the growth of the phenomenon of the underground economy through the promotion of non-legal transactions and their role dubious in currency smuggling and she does in front on a lot of suspicious financial transactions.
In a nutshell, we can say that, despite the rise in gold reserves and the increase in foreign currency reserves in the past two years, but Iraq as a state and after More than a dozen years on the demise of the Baathist regime did not fail to reach the only economic prosperity but could not even reach the slightest economic stability, and the best evidence on the Iraqi economy has failed to achieve the aspirations of the citizens is rising citizens living below the poverty line to nearly ratio 30% and the low level of services provided by the state to its citizens, and Harder than that, the reduction of the national income and gross domestic product in oil exports, which constitutes approximately 90% of total revenue adopted by the State in the preparation of annual budgets, no economic sector able to get out of the shell adopted unilateral economy almost entirely on a single source of income, this is what can promise the worst types of economic policies in the world, especially that of the petroleum sector is also known, is subject to a number of international and regional political and economic changes, and the fluctuation of the price of oil is almost out of the control of any country in the world, including major countries controlling international politics and economy, how can a country like Iraq to develop an annual budget which relies on oil as a principal source and almost single to get the revenue in order to finance public expenditures? And then expect not to subject those budget deficit at the end of the fiscal year! .
Finally remains to say that the Iraqi economy, and during the last period has been subjected to an act of piracy many officials and people with high grades, which resulted in wear-economic and financial structure and carrying ordinary citizens participated (although the doctrine and religion and nationality and ideology contrast or political affiliation) burden and the results of such piracy, so it is necessary to Government Haider al-Abadi at the moment not to proceed with its reform package, but the development of new basis for economic policy may extend to the era to come of time depends on the diversification of income sources Abertktev interest in non-oil sectors which will result to the alleviation of unemployment I took to grow as a result of the lack of successful government policies interfere at necessary order to secure employment opportunities and also work to reduce class differences between groups in society as a means to reduce poverty line is increasing year after year level, as well as the reform of the banking sector through the adoption and application of international standards and with precision in the work of the banks.
Sure, those measures will face forcefully and decisively by the economic and political pressure groups, which has moved its arms tentacles in most of the joints of the economic and political state, however, that the current government is now between two things only two either have the guts enough and proper planning to seek and Alastmrarvi attempts to save what is left of the ruins of the Iraqi state and the face of all the pressures and the adoption of a similar policy of previous governments and walk at the same tunnel that the dysfunctional only further ruin and retreat.
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