Iraqi Dinar Discussion Board

[Aerospace]

Importance of the lifting of the zeroes

On: Sunday 04/25/2010 22:03
Baghdad / Wedding Shawki - Qais Eden
Count representative of President Jalal Almactp at the conclusion of the work of the first-term economic planning institution long for this important conference, including a very important step in the interests of the developments in the Iraqi economy to a market economy. He praised Almactp research at hand and promise the highest value is proud of Iraq.

Abbas said Ghalibi Chairman of the Preparatory Committee: The Conference discussed a number of research presented by academics and economists from the government sector, private and came up with recommendations inter alia: the importance of finding a mechanism for coordination between the two policies of fiscal and monetary to accomplish economic reform, effectively, as the contradiction and conflict between two policies of financial monetary and adversely affect the results ultimately envisaged for Both policies are needed to promote greater transparency and disclosure in financial institutions are financial and development of official classification of the creditworthiness of Iraq by the rating agencies international credit are officially supported, especially after the emergence of institutions of national statistics with an appropriate degree of transparency. He also noted the positive achievements made by the Central Bank in the area of stability of the exchange rate of the dinar against the dollar. Given the importance of the lifting of the zeroes recommendations emphasized the importance of studying the topic in terms of timing and the negative effects anticipated; as it is supposed to be final action .Because of the fluctuating price of oil, and even variability, we have to deal with this fact, hedging and an increased tendency for savings of additional resources.
. He drew the conference to the importance of paying attention to economic and social imbalances when you apply some of the recommendations of the Fund Iraq's economic and mobilize economic policies, monetary, financial and institutional, legislative, thus increasing the contribution of national and foreign investment, especially in non-oil sectors to increase its contribution to GDP. investment in a way (Build, Operate and Transfer) to relieve the pressure on the budget, investment in infrastructure development, especially in road and electricity projects.
Details of an expanded p. 13




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