Iraqi Dinar Discussion Board

[Stock_Surfer]

It assured the deputy governor of the Central Bank of Iraq Brihi Ahmed said that Iraq possesses huge reserves of cash which could deal with the current global crisis .. Brihi said during a symposium organized by the Iraqi Center for economic reform and was attended by (morning): Iraq has a cash reserve of approximately 34 trillion Iraqi dinars, as well as other amounts of foreign currency,, ..

excerpt from:
BAGHDAD - Haider al Fulayyih
With the government announced the formation of a committee to reduce the prices of petroleum products sold to the citizens, the Prime Minister to stop updating wages withheld for services provided to them, calling at the same time to tighten measures to prevent the entry of food through the damaged Iraqi border ..




For his part, Vice President Adel Mahdi: The environment in Iraq is now ready for the start of investment in the sectors of oil, agriculture, trade and services, indicating during a meeting with the delegations of Russia's commercial and industrial Iraq's desire to establish close relations with all countries in the world, particularly in the fields of economy and investment in the .. Meanwhile, Iraqi oil experts expect oil prices to return to the same period in the near future, noting that the current indicators show that the price per barrel will rise to $ 70 in the days and economic moves came at a time when the prime minister called on all state institutions and ministries to work to overcome obstacles resulting from the reluctance of facilities for the implementation of projects in 2009.
The Secretariat of the Council, the Council's directive to ministries and non-related to the Ministry, it was "against the background of the discussions that took place in the Ministry of Planning and Development Cooperation with other projects proposed for the investment budget in 2009, which focused on the issue of over-ordering PROFILE by actors."
The Ministry of Planning and attributed the over-ordering of allocations to meet the rise in the general price level, which is reflected directly on the cost of work performed, and the report of the Secretariat of the detailed observations of the Council of Ministers called unavoidable in order to accelerate the implementation of investment projects, a "suggestion of some ministries projects new sites or without the full design of these projects, "" the large number of transfers between enterprises and between paragraphs of the same project, "" irregular requests for release of exchange "," lack of feasibility studies or reports to the conditions and criteria required for such a study, "" One weakness of the executive many of the public companies in the ministries, "" lack of clarity in the plans of the ministries in the rehabilitation of the existing laboratories and projects, "" weak technical and administrative personnel and accounting supervising the implementation of the plans in the provinces, "" weak quality control requires the existence of an advisory business and determine the costs and monitor the implementation process "," Some ministries of overlap in the implementation of investment projects between the programs and the development of the Territories ", and" a potential weakness in the corporate entrepreneurship "and" resort to the change within the ministry carried out in a single cause obstruction of the work and increase the duration of its implementation on the decision ..
Calls for the Council of Ministers that comes against the backdrop of the outcome of the global oil prices and the consequences of the large deficit in the current year budget, which paid tribute to the design of economic policy in the country to review many aspects of the budget and reduce some of which he said .. As well as the recent calls by the Minister of Finance, in which it stressed the issue of austerity and savings in the implementation of some projects ..
It assured the deputy governor of the Central Bank of Iraq Brihi Ahmed said that Iraq possesses huge reserves of cash which could deal with the current global crisis .. Brihi said during a symposium organized by the Iraqi Center for economic reform and was attended by (morning): Iraq has a cash reserve of approximately 34 trillion Iraqi dinars, as well as other amounts of foreign currency,, .. He pointed out that what Iraq needs at this time is to change some of the bases used in the preparation of the general budget of the state .. and economists attribute the wrong way by which to prepare the general budget of the state through the calculation of the value of the sale prices of petroleum products at high prices has created a real upheaval for the Iraq crisis under the knowledgeable The existing legacy of the decline in oil prices, but the Ministry of Oil and across Tdtha official confirmed that the experts in the field of oil expected high oil prices, to the extent of the (70) dollars in the coming period. Assem Jihad, and the expected changes this year in Iraq's economy, he is not reduced global demand for oil because the Matantjp OPEC oil to Russia Aigti 50% of the global need. He pointed out that Iraq has exported oil out of the quotas allocated by the Organization of Petroleum Exporting Countries, reiterated the ministry's intention to increase production through the plans by the ministry. The other hand, a number of Zarap and government departments to prepare strategic plans aimed at enhancing the financial resources of the State, especially the ministries of trade, industry and agriculture .. Where the Ministry of Agriculture announced the launch of a plan to expand the cultivation of strategic crops throughout the country and the establishment of development projects in the agricultural sector and not to rely entirely on the future import of all of Iraq's needs from abroad .. shown that this would provide more money for state coffers .. The ministry said the plan focuses on identifying the priorities of the ministry of agriculture, a strategic crop of wheat, barley, wheat, maize, rice, and the way to self-sufficiency and meet the requirements of the ration card of these crops. He set out to achieve the success of the plan, the ministry had to secure the required input of water, fertilizer and seeds.
The source continued: We have been relying on a group of foundations and pillars of the mission is in the forefront of the maximum utilization of arable land in different regions and water resources available in the irrigation projects and dams as well as the list depends on the evaluation of indicative planning.
With the Ministry of Industry to prepare a program that aims to support the Iraqi private sector working on the creation of youth and male cadres in the field of investment, has invited the Ministry of Industry and Minerals investors youth and graduates of both sexes who wish to establish industrial projects, small or medium-to-school program, "raising investment and development small and medium enterprises "in the framework of activating the work of the private sector in Iraq and encourage young people who are ambitious and establishing industrial projects, small and medium projects to establish and support through the provision of technical advice ..
The government announced the formation of a committee to study the reduction of prices of petroleum products during the coming few days. , The Secretary-General of the Council of Minister Ali Alaak told a news briefing that he was forming a committee to study the reduction of prices of petroleum products, is expected to be cut as the first stage of the ministries that rely on oil derivatives, such as electricity, agriculture, transport and thus are then reduced to the citizens. Alaak said he preferred not to be a reduction in the price of a large derivatives, so as not to encourage the return of smuggling. He noted that the importation of oil products from neighboring countries is still ongoing, and the oil ministry said that Iraq would end within the next two years only encouraged the Government to examine this question in the manner that suits the public interest .. at the time in which Prime Minister Nuri al-Maliki met to stop wage services offered to citizens until the check, and called for a tightening up of procedures to prevent the entry of food and agricultural and non-fundamentalist damaged, while the Secretariat had issued a circular to the Council of Ministers of all ministries and non-related to the Ministry, not to assign the post of state leadership in the future
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