Iraqi Dinar Discussion Board

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3 zero lop still coming.
Investment Law should be amended .. Minister of Finance of the (term): We are still working
legislation enacted prior to (23) years

Astuser three times in
Iraq after the change, took up his duties as minister of housing and reconstruction,
and thus the Interior, and now
the Ministry of Finance. ا
Has sparked debate
in the Iraqi street, through the alleged prevention of the recruitment
and the low salaries of retirees
and its ministries Petrciq budget all
these questions and other campaign
themes (term) in a guest Thursday, Iraqi Finance Minister Bayan Jabr, stressing that it has completed 80% of
Finance of the proposed law to increase salaries Retired Associate
Director-General of the degree or below.

The files on the
administrative corruption in the ministry, said Zubeidi: first that the
ministries of Finance, which sent Deputy Minister and three directors to two years imprisonment, as well as
the seizure of 67 trucks at the border gates to their involvement with issues of corruption,
administrative and finance staff
are on the operationalization of the investment law, the minister said that the
law needs to be some of the most important changes of ownership of the land on
which the investor held the project argued that the capital and a coward in the case of alleged failure to ensure that
the allocations given by the Prime Minister of writers, journalists and artists, the Minister noted that Finance has not
issued a decision of the House of Representatives legislative position PROFILE
regardless of that award, because without the law is contrary to the legal
department, with the following
text of the interview: The need to increase the rates of
export of oil
*Q: Do you find the budget adequate for the advancement by the country?
- budget year, affected by the global crisis
eased important for two reasons
first, the decline of our exports of oil and it is the second reduction in oil prices, at a time when the price of a barrel of oil to $ 147 at the end of last year 2008, dropped to the price
of 30 dollars and 37 dollars, at the present time there is an improvement
However, the budget drawn up and set
the height of the crisis in the financial sector has been affected and thus investing in provincial ministries, while the funds allocated to the investment of 20 billion dollars to 14 billion dollars
this undoubtedly will have an impact on the actual investment of the country.
* Q:
So, enough of the budget?
- Yes, enough
of the reality if we are to promote the
service and investment in the
country's high budget, so we get the proportion of the export of oil production
and not to re-If we could make of the 3-4
million barrels per day, we have provided an ambitious budgets of up to 100
billion dollars then we can We say that we are able to meet Baltazamtna.
Approve a
supplementary budget is very limited
*Q: Are there any supplementary budget Mahgmeha
Ptsourkm after the improvement in the prices of oil?
- - Yes, there are
improved, but oscillatory, the price rise to find the proportion of 65 and then
back down, so we are watching closely the rates and the rates of export prices, when there is a tendency to
feel that a real rise in export volumes as well as high prices turn to approve
the budget is very limited to not
more than 5% of of the current budget, the investment law will need to be
amended.
* Q: How do you create and foster a safe legal environment for investment and realistic?
- - Investment environment needs to be valid depends on
multiple grounds, first, security and stability, because the capital coward, II should make changes to many
of the laws, both in the investment law, relating to Awalqguanin other
investors to protect the
investment law No. 13 of the laws
of good and is one of the best laws investment in the region, but some points
that need to be adjustments.
*م Q:
What is the most prominent of those points?
- -
Inter alia, that the investor owns the land, because if investors started
to build housing units and the land on behalf of the Government has generated a
kind of fear and anxiety in
neighboring countries, for example, when the investor owns half of the land to
him. So that it can sell if the investor wanted to build a hotel of five stars
or Hospital must be advanced on behalf of the land and the hospital or housing complex or hotel Tstrdjah after
fifty years if the lease refers to "Therefore, I submitted a proposal to
the Council of Ministers and approved
by the Council, which the investor's
ownership of the land rather than for foreign ownership, but ownership for
investment and those projects will
belong to Iraq because he is non-movable building and the investor can not transfer by plane, for example.
We're still
working on the law initiated by 23 years
*Q: Are there any other constraints on investment?
- - I think that security and law envoy advent of the investor and the investment code and working effectively and we now have an investment project of building a
five-star hotel.
*We do not need hotels, but the housing complexes?

- - For residential complexes there is a lot of projects
in the provinces on the parks, but obstructs the work of the law is complex,
and there is for example the law of 32
for the year 1986 the law was initiated
23 years ago and still we are to
now, we need new laws, and we have some
to the House of Representatives We wish the Council to speed up delivery of
land titling for investors to
start implementing the projects.
*How long the
remainder funded by the State budget of some public sector projects with proven
ineffective?
-
- Totally agree with you in this
vision, and tell us to leave the
public sector companies, or at the direction of privatization Almsatahp as in
the three cement plants operating now, which is able to produce that work
to protect the company, we commit to give
wages are always the same and the
previous wage or more. We have to set of laws to protect the
unemployed workers in these institutions and the government has to leave the public sector
and give it to the private sector
for the purpose of investment, but if the case is now on what we will pay
the balance of the money was supposed to hit in the country. *Do you feel the level of exchange for the Iraqi
dinar with the foreign currencies in the level of ambition, or that there was a
sign that Astqguaih again?
- After the fall
of the dollar was equal to three thousand dinars and then settled on the 1500
and now has stabilized between 1170 -
1180, and this signals that the
price of a good and proper
and was required to guide us is the
central bank in brackets because it
is not independent of the ministry,
the need to raise the Talibnah zeroes, to be Iraqi dinar equivalent of 1.01
dollars, or the limits of an attempt to restore the real value of the dinar as a country to the Iraqi oil.
*هIs it possible to note that soon?
- Yes, very possible, the Board of Directors of the Central Bank made the decision
in this regard, but the implementation process needs time. We allocate the
staff to eliminate some of them
executed and the other jailed*وDo you find Rtkm Loza immune from corruption?

- I regret to say we inherited a corrupt financially
and administratively from the previous
regime under the false and absurd
policies by the regime, wars, siege, and was born the so-called rampant corruption in state institutions, what
we expect of one of his monthly salary of three dollars, of course, be forced
to take refuge in a box of financial
and administrative corruption ,
and now, praise God and the good salaries are now already in the activation of
its oversight role and the prosecution
of the corrupt and anti-corruption,
and if we talked about the Ministry of Finance, we have held important meetings
with the Legal Department and the Inspector
General and found there a law
allowing the Minister to sack the
corrupt official concerned more here
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