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Experts for the term: economic transformations and service positive but below the level of ambition
On: Tuesday 27/3/2012 6:08
Baghdad / term economic
witnessed a post-political change stormy, which happened in Iraq in 2003, economic transformations positive in spite of the structural imbalances and structural that still afflict the national economy.
A number of experts in the conversations (range) that the economic situation has seen some positive changes at the level of particular sectors,
Because of the experience of democracy and the new Iraqi political.
economist said Bassem Jamil Anton (range): The enactment of the investment has helped to advance the reconstruction and construction forward in spite of the presence of some imperfections, in addition to reducing income tax on citizens, pointing out that they were progressive up to (40%) of the total volume of income and the abolition of the surcharge on the property.
said Anton: that the reality of the Iraqi economy after 2003 made positive steps which enable the central bank to change the old currency to the new with the restoration of confidence in Iraqi dinars and the stability of its exchange rate against foreign currencies as well as work on the stability of local markets.
He Anton: The sector oil investment was the most important sectors attended, indicating that the licensing rounds helped to high rates of export oil, pointing to the existence of efforts made to establish a national oil company.
point to the agricultural initiative launched by the government in in 2008 helped to provide aid to the agricultural sector which has suffered many years of neglect.
For his part, said financial expert Crescent miller (range) that the most important leaps positive witnessed by the most economic sectors in the country was to install the dinar exchange rate and the elimination of the contrast and the weakness that was to afflict exchange rate, indicating that pre-2003 exchange rate was one U.S. dollar is equivalent to 6250 dinars in addition to the local currency at the time free of the cover with the hyper-inflation, which was subjected to the national economy at the time, indicating that the central bank has succeeded in present time through policy cash deflationary developed to reduce the creep of inflation on the one hand and the need to stabilize the exchange rate of the dinar on the other hand, noting that the reserves of the Central an estimated $ 60 billion.
He said the miller: This huge reserves of currency with the oil reserves located in the ground is one of the factors helping to encourage the investor to enter into force in the country, noting that the issuance of the Investment Law (No. 13 of 2006) opened the doors, especially for foreign companies to enter Iraq and the coming days will see a plan explosively huge investments.
He miller: that the number of grades offered by the Ministry of Finance from time to time not the level of ambition for the presence of large numbers of unemployed graduates and this is one of the most dangerous diseases that ravage the economies of the world.
He noted that the achievements that have been achieved through the gradual withdrawal of government support for food prices and to reduce the ration card items than ten items to five materials although the existence of reservations to the Ministry of Commerce and lag in the distribution of winning card items.
to the expert considered that the agricultural Abdul-Hussein al-Hakim agricultural initiative launched by the government in 2008 that it had a positive impact on the agricultural situation in the country through loan funds. . Said Hakim's (range): In the summer the past, local products cover the market needs of fruits and vegetables, in addition to a great development in the rates of yield of wheat.
He said the wise: that other developments came through the distribution of spray irrigation systems, which were at subsidized prices in addition to development of organic farming and the use of biocides gradually, which is the protection of the environment.
He noted the efforts made to work to prevent encroachment of the desert to agricultural areas through coverage of mud and landscaping and the creation of oases and others called for a need to focus on the sector being able to become a second source of the country after oil.
In the meantime, said oil expert Hamza Jeweler's (long): The licensing rounds began at the present time to bear fruit significantly, indicating that Iraq's oil revenues have exceeded the barrier of the (100 billion dollars), which accounted for 94% of imports, and these figures can not be achieved without tours indicating that it go through two stages the first is limited to maintain production levels and the second is working to raise the production ceiling.
He Jeweler: The oil industry in the country need to extend the pipeline further and develop export outlets, pointing to the need for expansion of the energy Alkhoznip and make it equal to production for the entire week . He pointed out that the investment budget for development and reconstruction, very large compared to some countries, estimated at 30 billion dollars.
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On: Tuesday 27/3/2012 6:08
Baghdad / term economic
witnessed a post-political change stormy, which happened in Iraq in 2003, economic transformations positive in spite of the structural imbalances and structural that still afflict the national economy.
A number of experts in the conversations (range) that the economic situation has seen some positive changes at the level of particular sectors,
Because of the experience of democracy and the new Iraqi political.
economist said Bassem Jamil Anton (range): The enactment of the investment has helped to advance the reconstruction and construction forward in spite of the presence of some imperfections, in addition to reducing income tax on citizens, pointing out that they were progressive up to (40%) of the total volume of income and the abolition of the surcharge on the property.
said Anton: that the reality of the Iraqi economy after 2003 made positive steps which enable the central bank to change the old currency to the new with the restoration of confidence in Iraqi dinars and the stability of its exchange rate against foreign currencies as well as work on the stability of local markets.
He Anton: The sector oil investment was the most important sectors attended, indicating that the licensing rounds helped to high rates of export oil, pointing to the existence of efforts made to establish a national oil company.
point to the agricultural initiative launched by the government in in 2008 helped to provide aid to the agricultural sector which has suffered many years of neglect.
For his part, said financial expert Crescent miller (range) that the most important leaps positive witnessed by the most economic sectors in the country was to install the dinar exchange rate and the elimination of the contrast and the weakness that was to afflict exchange rate, indicating that pre-2003 exchange rate was one U.S. dollar is equivalent to 6250 dinars in addition to the local currency at the time free of the cover with the hyper-inflation, which was subjected to the national economy at the time, indicating that the central bank has succeeded in present time through policy cash deflationary developed to reduce the creep of inflation on the one hand and the need to stabilize the exchange rate of the dinar on the other hand, noting that the reserves of the Central an estimated $ 60 billion.
He said the miller: This huge reserves of currency with the oil reserves located in the ground is one of the factors helping to encourage the investor to enter into force in the country, noting that the issuance of the Investment Law (No. 13 of 2006) opened the doors, especially for foreign companies to enter Iraq and the coming days will see a plan explosively huge investments.
He miller: that the number of grades offered by the Ministry of Finance from time to time not the level of ambition for the presence of large numbers of unemployed graduates and this is one of the most dangerous diseases that ravage the economies of the world.
He noted that the achievements that have been achieved through the gradual withdrawal of government support for food prices and to reduce the ration card items than ten items to five materials although the existence of reservations to the Ministry of Commerce and lag in the distribution of winning card items.
to the expert considered that the agricultural Abdul-Hussein al-Hakim agricultural initiative launched by the government in 2008 that it had a positive impact on the agricultural situation in the country through loan funds. . Said Hakim's (range): In the summer the past, local products cover the market needs of fruits and vegetables, in addition to a great development in the rates of yield of wheat.
He said the wise: that other developments came through the distribution of spray irrigation systems, which were at subsidized prices in addition to development of organic farming and the use of biocides gradually, which is the protection of the environment.
He noted the efforts made to work to prevent encroachment of the desert to agricultural areas through coverage of mud and landscaping and the creation of oases and others called for a need to focus on the sector being able to become a second source of the country after oil.
In the meantime, said oil expert Hamza Jeweler's (long): The licensing rounds began at the present time to bear fruit significantly, indicating that Iraq's oil revenues have exceeded the barrier of the (100 billion dollars), which accounted for 94% of imports, and these figures can not be achieved without tours indicating that it go through two stages the first is limited to maintain production levels and the second is working to raise the production ceiling.
He Jeweler: The oil industry in the country need to extend the pipeline further and develop export outlets, pointing to the need for expansion of the energy Alkhoznip and make it equal to production for the entire week . He pointed out that the investment budget for development and reconstruction, very large compared to some countries, estimated at 30 billion dollars.
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