Frank26 » September 15th, 2016
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Don961 » September 15th, 2016
BAGHDAD / News Network Iraq declared Prime Minister adviser on fiscal policies, the appearance of Mohammed Saleh on Thursday, for an end to Iraq 's own commitments first phase of the Stand -By agreement with the International Monetary Fund of several stages include 13 commitment by which it agreed to grant Iraq a financial loan $ 5.3 billion.
concluded Iraq and the international Monetary Fund in May / May last deal after meeting for several days held in the Jordanian capital Amman to grant Iraq a financial loan of 5.3 billion dollars with an interest rate of up to 1.5%, acknowledges Iraq share an initial value of $ 634 million in July / last June .
the adviser said the Iraqi prime minister for financial policy , the appearance of Mohammed Saleh, in a press statement today : " the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy , and performance standards , and financial management reform, reform some laws , procedures for restructuring the general budget , and maintain the central bank's reserves, all of Iraq's commitment to them . "
Saleh added that" the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement, includes 13 consultation or obligation , Iraq and the international Monetary Fund , they finished the first review, there will be future revisions in early October in Washington . "
Iraq 's chief financial officer , and continued that" after each audit is released part of a financial loan to Iraq in accordance with the agreement , and we expect that Iraq has received the second installment of the financial loan next month (without revealing its value)."
for his part, expressed the international Monetary Fund, on Wednesday, thanked the Iraqi authorities to" good cooperation with him and discussions frank and fruitful during the first review of the agreement to prepare the credit , which has in the Jordanian capital Amman recent meetings . "
The Iraqi government acknowledged the end of last month, the country 's budget for next year by 102 trillion dinars (about US $ 85 billion), to begin a new phase of internal and external negotiations may be more complicated on how to secure the fiscal deficit which stood at 30% of the total budget. link
Walkingstick » September 15th, 2016
Parliamentary Finance Committee called on Thursday for control of the Iraqi dinar exchange rate against thedollar, by maintaining a reserve of hard currency.
The committee member said Sarhan Ahmed told all of Iraq [where] that " the central bank has no plans to raise the value of the dinar against the dollar , " pointing out that " the rise of the dinar rate depends on the central bank 's reserves of hard currency and the non - oil and oil revenues coming into the country . " .
He pointed out that " the legislative track and other issues have an impact on the exchange rate, which calls forpreservation of the Iraqi dinar exchange rate and maintain a reserve of hard currency."
witnessing the Iraqi dinar exchange rate volatility apparent in the market where he will witness the dollar rise gradually in front of the dinar exchange.
he criticized a number of financial and political economists pursued by the Central Bank of Iraq and falling cash reserves during the recent years.