Home
Experts call for changing some economic laws
Iraq 11/09/2023
Baghdad: Muhannad Abdul Wahab
The opinions of economic experts varied regarding Iraq's need to change or amend a number of economic laws, including the
law of the Central Bank,
Securities and Investment Authority, while they called for
dividing the budget law into three investment budgets and
others for the
Investment Authority and the Central Bank to support loans.
The economic expert, Mustafa Hantoush, said in an interview with “Al-Sabah”:
The Iraqi economic reality needs to amend some of the laws that work to restore its economic growth in accordance with the development that the world is witnessing, as
they need to be reformulated or amended to their paragraphs, noting that the laws that need to be amended
They are
Central Bank Law No. 56 of 2004,
Banks No. 4 of 2004,
Securities Commission No. 72 of 2004,
Investment No. 50 of 2015,
Tax Law No. 113 of 1982 amended in 2004, and
Companies Law No. 21 of 1999 amended in 2019. He explained that
these laws
have a number of problems and
do not help direct the Iraqi economy
or manage banking operations or state funds correctly, stressing that
we need to activate investment in another way and with a greater flow.
Even the budget law needs to be divided and made into three budgets,
one for investment and
another for the Investment Authority and the Central Bank. To support loans. In this context,
economic expert Hazem Hadi pointed out, in an interview with Al-Sabah, that the
Iraqi economic system has a number of distortions, especially since
it is burdened by widespread unemployment, deteriorating services, and others, warning that
all of these factors, unless they are addressed, cannot improve the economy. The Iraqi. He pointed out that
the solutions lie in changing a number of laws, including the
Central Bank Law, which must
take its role in controlling the foreign currency in a positive manner and
not leave matters to the currency auction, adding that
Iraq since 2003 has not witnessed an import plan or approach for what the country needs, and
it must Be clear to those working in the industrial and commercial sector and their import needs.
https://alsabaah.iq/87002-.html
Iraq 11/09/2023
Baghdad: Muhannad Abdul Wahab
The opinions of economic experts varied regarding Iraq's need to change or amend a number of economic laws, including the
law of the Central Bank,
Securities and Investment Authority, while they called for
dividing the budget law into three investment budgets and
others for the
Investment Authority and the Central Bank to support loans.
The economic expert, Mustafa Hantoush, said in an interview with “Al-Sabah”:
The Iraqi economic reality needs to amend some of the laws that work to restore its economic growth in accordance with the development that the world is witnessing, as
they need to be reformulated or amended to their paragraphs, noting that the laws that need to be amended
They are
Central Bank Law No. 56 of 2004,
Banks No. 4 of 2004,
Securities Commission No. 72 of 2004,
Investment No. 50 of 2015,
Tax Law No. 113 of 1982 amended in 2004, and
Companies Law No. 21 of 1999 amended in 2019. He explained that
these laws
have a number of problems and
do not help direct the Iraqi economy
or manage banking operations or state funds correctly, stressing that
we need to activate investment in another way and with a greater flow.
Even the budget law needs to be divided and made into three budgets,
one for investment and
another for the Investment Authority and the Central Bank. To support loans. In this context,
economic expert Hazem Hadi pointed out, in an interview with Al-Sabah, that the
Iraqi economic system has a number of distortions, especially since
it is burdened by widespread unemployment, deteriorating services, and others, warning that
all of these factors, unless they are addressed, cannot improve the economy. The Iraqi. He pointed out that
the solutions lie in changing a number of laws, including the
Central Bank Law, which must
take its role in controlling the foreign currency in a positive manner and
not leave matters to the currency auction, adding that
Iraq since 2003 has not witnessed an import plan or approach for what the country needs, and
it must Be clear to those working in the industrial and commercial sector and their import needs.
https://alsabaah.iq/87002-.html
