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Friday, June 2, 2017

"Need an International Rate" - Fri. AM KTFA Thoughts/News


Apmcrx » June 2nd, 2017

Halabousi calls on the government to accelerate the activation of the contract of protection and securing the international line and open the port with the Jordanian brothers

Thu, 01 Jun 2017 20:53:19

MP Mohamed Halboussi (Chairman of the Parliamentary Finance Committee); the government to accelerate the ratification of investment contract to protect and secure the international road link between Iraq and Jordan and to work to activate that experience by the international way in Basra also.

The investment project is considered one of the long-term economic projects. It will provide thousands of jobs for citizens and drivers. It will revive the economy and stability of the areas around the international road and will promote economic exchange between the two brotherly countries.

He stressed that the opening of the international road will double the resources of strengthening and diversifying the Iraqi economy, and increases the federal revenues, which may contribute to bridge the deficit of the general budget .. In another way will contribute to increase the revenues of the local government of Anbar, and helps in the reconstruction of the infrastructure of the international road, In addition to supporting reconstruction projects and stability of the province.

The opening of the international road will restore the environment and environment suitable for investment development and attract investors to revive important economic and industrial sectors, as the basis for building a diversified national economy sources, instead of "a single oil economy depends on oil as a single source of revenue and avoid what we have previously "From a financial crisis due to lower oil prices.


Chris05 » June 2nd, 2017

IMO, This article screams, "I need an International Rate, please, please give me an International rate."

How can you diversify and grow your economy whilst becoming 'International', to move away from being reliant on a single source of income (oil), on a restricted program rate?
IMO, This article spills all the beans.

Cheers Chris

Samson » June 2nd, 2017

International institutions and experts express their support for the mechanisms of central bank buying and selling currency

06/02/2017 - 15:04

Crossed several points in international institutions and economists Iraqis expressed their interest and support as approved by the Central Bank of Iraq from the controls for the sale and purchase of foreign currency mechanisms.

Those authorities considered that the recent instructions of the Central Bank have involved passing standards for personal judgment was built on the basis of scientific excellence among banks according to their performance and commitment to the basics of compliance and in the forefront of the fight against money laundering and the financing of terrorism and to provide liquidity and contribute to the development.

They expected those entities that contribute to compliance with controls placed in raising the level of performance of banks as they beat competitiveness among banks in compliance with the concepts and upgrading its controls levels.

A large delegation from the Central Bank of Iraq and other Iraqi institutions involved in meetings with IMF experts to prepare a review of the credit agreement and that the bank is making progress in meeting the requirements of the Convention, including the drafting of an ideal instructions to sell the dollar




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