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BLC Admin Tlm724 News & Comments 3-29-16 Part 2 of 2
Parliamentary Finance: the executive organ of the state needs to restructure
Baghdad / Ibrahim Ibrahim Parliamentary Finance Committee confirmed, on Monday, that the government machinery needs to be restructured in accordance with the financial resources of the country without resorting to external borrowing.
The finance ministry announced for holding Iraq 's financial and economic talks with the International Monetary Fund in Amman, indicated that they have held talk in Iraq , the entry with the Fund in the credit policy arrangement (SBA).
The finance committee member Majda al - Tamimi, in an interview for the "long", that " the executive organ of the state needs a comprehensive restructuring so that it corresponds with the financial resources of the country without resorting to borrowing money and dispensing random ways. "
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BLC Admin Tlm724 News & Comments 3-29-16 Part 2 of 2
Parliamentary Finance: the executive organ of the state needs to restructure
Baghdad / Ibrahim Ibrahim Parliamentary Finance Committee confirmed, on Monday, that the government machinery needs to be restructured in accordance with the financial resources of the country without resorting to external borrowing.
The finance ministry announced for holding Iraq 's financial and economic talks with the International Monetary Fund in Amman, indicated that they have held talk in Iraq , the entry with the Fund in the credit policy arrangement (SBA).
The finance committee member Majda al - Tamimi, in an interview for the "long", that " the executive organ of the state needs a comprehensive restructuring so that it corresponds with the financial resources of the country without resorting to borrowing money and dispensing random ways. "
~~~
she added that" successive governments have wasted billions of dollars without achieving any results on the ground , touched citizen because of the corruption that has become sadly prevalent in the culture of the society . " .
She said Tamimi , " the budget deficit and the government 's lack of funds should not be offset by external borrowing , but must develop plans to restore citizen confidence in financial institutions to raise funds banks where the government can borrow them in accordance with the terms and specific benefits."
for its part, the Ministry of Finance said in a statement, received "long" version of it, that "Iraq began on 27 March 28 in Amman , financial and economic talks with IMF experts," noting that " the Iraqi delegation representing the Finance and the Governor of the Central Bank and the ministers of oil, planning and electricity minister, while part of the other side UNFPA senior expert representatives from the World Bank and representatives of the United States and JICA Japanese international development. "
the ministry added that" the talks focused on a review monitor the Fund 's staff for economic and financial policy program for Iraq and the spending review policies and to maximize revenue and reduce overhead unnecessary and procedures for the fiscal deficit . " .
the ministry pointed out that "Iraq discuss Iraq 's entry with the Fund in the credit policy arrangement (SBA) , which qualifies Iraq to get financial loans from the Fund and financial institutions to support the Iraqi economy, as a result of declining costs and requirements of confrontation prices with terrorism Daash and the need for Iraq to economic reforms to achieve the balance between expenditure and income and the fulfillment of the obligations of vital social state. "
in turn, the economist said Mohammed Abdul Latif Al - Ani, in an interview for the " long "," the government is determined to put restrictions on the Iraqi economy by insisting on external borrowing to tackle the financial Haunted rampant. "
he said "there are many ways the government can take without external borrowing, including reducing non - essential expenditures and borrowing from the government and private banks as well as the activation of various internal taxes."
He said al - Ani said "government borrowing funds from international institutions could not meet the fiscal deficit without taking to fight financial corruption real action and administrative rampant in various aspects of the state. " He said the " foreign loan funds do not clog only 3% of the budget deficit , which gradually began to rise as a result of lower oil prices in nearly two years. "
He revealed the central bank governor on the Keywords, on March 23 2016 that Iraq will meet soon with the IMF to obtain a long - term loan, noting that from Iraq the right to be granted assistance and convenience when going through a crisis.
he was an economic adviser to the prime minister the appearance of Mohammed Saleh said, Tuesday (06/01/2016), said that "Iraq consults constantly with the international Monetary Fund to get a crane to support the financial sustainability through soft loans, "returned to" the agreement itself is useful because it is an umbrella for Iraq give a signal to the international financial community to lend Iraq. "
Saleh added, in an interview for the " long - Presse ", that" the cost of those loans is low and few benefits by about a year, and for a long time repaid , "noting that" Iraq has an agreement with the international Monetary Fund, spends his monitor the economic policy of the country. "
he guessed adviser Abadi possibility of " turning the agreement with the Fund to a larger level, allows Iraq access to soft loans from the international Monetary Fund and the World Bank , "stressing that the" loans if they were going to go for development projects, particularly energy and important industries for the life of the Iraqi people. "
Saleh said that" the international Monetary Fund under, among other conditions, the government expenses and amended some procedures relating to economic policy , "adding that" the government restricted their expenses mainly as a result of the crisis in the now. " Iraq has been going through a major financial crisis as a result of lower oil prices , which Iraq depends upon mainly reaching these prices, sometimes, to the low levels reached less from $ 30 per barrel. LINK
Tlm724: that "Iraq discuss Iraq 's entry with the Fund in the credit policy arrangement (SBA) , which qualifies Iraq to get financial loans from the Fund and financial institutions to support the Iraqi economy, as a result of declining costs and requirements of confrontation prices with terrorism Daash and the need for Iraq to economic reforms to achieve the balance between expenditure and income and the fulfillment of the obligations of vital social state. "
http://ift.tt/22M3sBf
~~~~~~~~~~~~
The central bank reduced the money that allows the traveler to purchase $ 3000
March 29, 2016 15:10 Today decided to CBI, on Wednesday, to determine the share of travelers with 3 thousand dollars only, while pointing to the possibility of providing passenger demand in case he needs a larger amount, warned banks and money transfer companies from manipulating quotas.
A source at the Central Bank in an interview he was "committed to the law of the Iraqi Central Bank and the guidelines for the International Monetary Fund and international norms and practices, the central bank covers requests for importers and citizens for the purposes of travel, study, treatment and other requirements as specified in the instructions, the currency of the dollar
From this point decided to bank procedures that will help to support the dinar and the control of the dollar. "
The source, who asked not to be named, said "the actions represented to be the sale price of the dollar for the purposes of the above amount not to exceed 1,200 dinars to the dollar for the sale of cash or money orders and letters of credit," noting that "the bank has decided to allow passengers to purchase $ 3,000 just from banks and money transfer ".
The source indicated that "if the traveler need to over the amount necessary to cover the needs, it can provide documented own demand, including demand in favor of the banks or banking companies before suitable for obtaining approvals fundamentalism on-demand period."
The source added that "in the absence of banks in response or conversion or banking companies to importers requests or citizens of, the sale of dollars at a higher price than stated, or delay or obstruct the orders of the Central Bank would take tough sanctions against them."
The central bank already allows travelers to buy hard currency around $ 5000 http://ift.tt/1SkRX92
[tlm724] warned banks and money transfer companies from manipulating quotas.
[tlm724] "committed to the law of the Iraqi Central Bank and the guidelines for the International Monetary Fund and international norms and practices,
[tlm724] other requirements as specified in the instructions, the currency of the dollar From this point decided to bank procedures that will help to support the dinar and the control of the dollar.
[tlm724] we saw this last week and it's good that the CBI is following the rules and more importantly they are enforcing them !
http://ift.tt/22M3sBh
~~~~~~~~~~~~
Cabinet imposes a fee on imported Kmarkia additional tents
History of edits:: 29/03/2016 13:28 {Baghdad} Euphrates News imposing Council of Ministers on Tuesday a Kmarkia on the import of tents, to protect the local product.
A source in the prime minister told {Euphrates News} "The council approved a resolution recommendation of the Ministry of Industry and Minerals on the protection of the State Company for Textile Industries, producer and skin {tents of various sizes} and levy of custom extra amount {50%} of the value of imported tents product to Iraq All At.itba ..
http://ift.tt/1SkRZOh
The government decided to impose an additional customs duty of 50% on some products
16:56:01 29.3.2016 | (Voice of Iraq) - Baghdad 's Cabinet decided Tuesday to impose an additional customs duty of 50% on some products imported from all countries and origins for a period of four years, as agreed to impose a customs duty of 20% of the value of felt asphalt product polymer imported.
She said Tamimi , " the budget deficit and the government 's lack of funds should not be offset by external borrowing , but must develop plans to restore citizen confidence in financial institutions to raise funds banks where the government can borrow them in accordance with the terms and specific benefits."
for its part, the Ministry of Finance said in a statement, received "long" version of it, that "Iraq began on 27 March 28 in Amman , financial and economic talks with IMF experts," noting that " the Iraqi delegation representing the Finance and the Governor of the Central Bank and the ministers of oil, planning and electricity minister, while part of the other side UNFPA senior expert representatives from the World Bank and representatives of the United States and JICA Japanese international development. "
the ministry added that" the talks focused on a review monitor the Fund 's staff for economic and financial policy program for Iraq and the spending review policies and to maximize revenue and reduce overhead unnecessary and procedures for the fiscal deficit . " .
the ministry pointed out that "Iraq discuss Iraq 's entry with the Fund in the credit policy arrangement (SBA) , which qualifies Iraq to get financial loans from the Fund and financial institutions to support the Iraqi economy, as a result of declining costs and requirements of confrontation prices with terrorism Daash and the need for Iraq to economic reforms to achieve the balance between expenditure and income and the fulfillment of the obligations of vital social state. "
in turn, the economist said Mohammed Abdul Latif Al - Ani, in an interview for the " long "," the government is determined to put restrictions on the Iraqi economy by insisting on external borrowing to tackle the financial Haunted rampant. "
he said "there are many ways the government can take without external borrowing, including reducing non - essential expenditures and borrowing from the government and private banks as well as the activation of various internal taxes."
He said al - Ani said "government borrowing funds from international institutions could not meet the fiscal deficit without taking to fight financial corruption real action and administrative rampant in various aspects of the state. " He said the " foreign loan funds do not clog only 3% of the budget deficit , which gradually began to rise as a result of lower oil prices in nearly two years. "
He revealed the central bank governor on the Keywords, on March 23 2016 that Iraq will meet soon with the IMF to obtain a long - term loan, noting that from Iraq the right to be granted assistance and convenience when going through a crisis.
he was an economic adviser to the prime minister the appearance of Mohammed Saleh said, Tuesday (06/01/2016), said that "Iraq consults constantly with the international Monetary Fund to get a crane to support the financial sustainability through soft loans, "returned to" the agreement itself is useful because it is an umbrella for Iraq give a signal to the international financial community to lend Iraq. "
Saleh added, in an interview for the " long - Presse ", that" the cost of those loans is low and few benefits by about a year, and for a long time repaid , "noting that" Iraq has an agreement with the international Monetary Fund, spends his monitor the economic policy of the country. "
he guessed adviser Abadi possibility of " turning the agreement with the Fund to a larger level, allows Iraq access to soft loans from the international Monetary Fund and the World Bank , "stressing that the" loans if they were going to go for development projects, particularly energy and important industries for the life of the Iraqi people. "
Saleh said that" the international Monetary Fund under, among other conditions, the government expenses and amended some procedures relating to economic policy , "adding that" the government restricted their expenses mainly as a result of the crisis in the now. " Iraq has been going through a major financial crisis as a result of lower oil prices , which Iraq depends upon mainly reaching these prices, sometimes, to the low levels reached less from $ 30 per barrel. LINK
Tlm724: that "Iraq discuss Iraq 's entry with the Fund in the credit policy arrangement (SBA) , which qualifies Iraq to get financial loans from the Fund and financial institutions to support the Iraqi economy, as a result of declining costs and requirements of confrontation prices with terrorism Daash and the need for Iraq to economic reforms to achieve the balance between expenditure and income and the fulfillment of the obligations of vital social state. "
http://ift.tt/22M3sBf
~~~~~~~~~~~~
The central bank reduced the money that allows the traveler to purchase $ 3000
March 29, 2016 15:10 Today decided to CBI, on Wednesday, to determine the share of travelers with 3 thousand dollars only, while pointing to the possibility of providing passenger demand in case he needs a larger amount, warned banks and money transfer companies from manipulating quotas.
A source at the Central Bank in an interview he was "committed to the law of the Iraqi Central Bank and the guidelines for the International Monetary Fund and international norms and practices, the central bank covers requests for importers and citizens for the purposes of travel, study, treatment and other requirements as specified in the instructions, the currency of the dollar
From this point decided to bank procedures that will help to support the dinar and the control of the dollar. "
The source, who asked not to be named, said "the actions represented to be the sale price of the dollar for the purposes of the above amount not to exceed 1,200 dinars to the dollar for the sale of cash or money orders and letters of credit," noting that "the bank has decided to allow passengers to purchase $ 3,000 just from banks and money transfer ".
The source indicated that "if the traveler need to over the amount necessary to cover the needs, it can provide documented own demand, including demand in favor of the banks or banking companies before suitable for obtaining approvals fundamentalism on-demand period."
The source added that "in the absence of banks in response or conversion or banking companies to importers requests or citizens of, the sale of dollars at a higher price than stated, or delay or obstruct the orders of the Central Bank would take tough sanctions against them."
The central bank already allows travelers to buy hard currency around $ 5000 http://ift.tt/1SkRX92
[tlm724] warned banks and money transfer companies from manipulating quotas.
[tlm724] "committed to the law of the Iraqi Central Bank and the guidelines for the International Monetary Fund and international norms and practices,
[tlm724] other requirements as specified in the instructions, the currency of the dollar From this point decided to bank procedures that will help to support the dinar and the control of the dollar.
[tlm724] we saw this last week and it's good that the CBI is following the rules and more importantly they are enforcing them !
http://ift.tt/22M3sBh
~~~~~~~~~~~~
Cabinet imposes a fee on imported Kmarkia additional tents
History of edits:: 29/03/2016 13:28 {Baghdad} Euphrates News imposing Council of Ministers on Tuesday a Kmarkia on the import of tents, to protect the local product.
A source in the prime minister told {Euphrates News} "The council approved a resolution recommendation of the Ministry of Industry and Minerals on the protection of the State Company for Textile Industries, producer and skin {tents of various sizes} and levy of custom extra amount {50%} of the value of imported tents product to Iraq All At.itba ..
http://ift.tt/1SkRZOh
The government decided to impose an additional customs duty of 50% on some products
16:56:01 29.3.2016 | (Voice of Iraq) - Baghdad 's Cabinet decided Tuesday to impose an additional customs duty of 50% on some products imported from all countries and origins for a period of four years, as agreed to impose a customs duty of 20% of the value of felt asphalt product polymer imported.
The office said Media prime minister said in a statement that " the Council of Ministers, during its regular meeting held today under the chairmanship of its President Haydar al - Abadi, in order to protect the State Company for textile Industries and leather product, approved the recommendations of the competent authority at the Ministry of Industry and minerals,
and the imposition of an additional customs duty of 50% of the product value imported into Iraq from all countries and origins for a period of four years, in addition to the imposition of customs duty on all of Iraq 's imports of the product from all origins. "
he added the office, that" for the purpose of protecting public company Extractive Industries product (Felt asphalt polymer) decided to impose additional duty by 20% of the value of felt asphalt product polymer imported with item (68,071,000) customs from all origins and for a period of four years,
"he continued , " as well as the imposition of customs duty on all of Iraq 's imports of felt product asphalt polymer and from all origins. "
between the office, that" the Council of Ministers approved an amendment to the Council of Ministers resolution No. 17 of 2014 on the draft air transport agreement between the Government of the Republic of Iraq and the governments of the Kingdom of Morocco and the Republic of Tunisia and the Republic of Sudan, Saudi Arabia and the Republic of Yemen , the United Arab Emirates, Qatar and the Republic of Azerbaijan and the Republic of Bulgaria and the Republic of Italy and the Republic of Latvia and the Peoples Republic of China . "
He pointed out that" the Council also agreed to authorize the chairman of the national Investment agency to sign the UN Convention on transparency in arbitration treaty-based investor-State expires, according to the provisions of Article (80 / item VI) of the Constitution. " Add comment
Read more: http://ift.tt/22M3sBk
http://ift.tt/1SkRXpn
and the imposition of an additional customs duty of 50% of the product value imported into Iraq from all countries and origins for a period of four years, in addition to the imposition of customs duty on all of Iraq 's imports of the product from all origins. "
he added the office, that" for the purpose of protecting public company Extractive Industries product (Felt asphalt polymer) decided to impose additional duty by 20% of the value of felt asphalt product polymer imported with item (68,071,000) customs from all origins and for a period of four years,
"he continued , " as well as the imposition of customs duty on all of Iraq 's imports of felt product asphalt polymer and from all origins. "
between the office, that" the Council of Ministers approved an amendment to the Council of Ministers resolution No. 17 of 2014 on the draft air transport agreement between the Government of the Republic of Iraq and the governments of the Kingdom of Morocco and the Republic of Tunisia and the Republic of Sudan, Saudi Arabia and the Republic of Yemen , the United Arab Emirates, Qatar and the Republic of Azerbaijan and the Republic of Bulgaria and the Republic of Italy and the Republic of Latvia and the Peoples Republic of China . "
He pointed out that" the Council also agreed to authorize the chairman of the national Investment agency to sign the UN Convention on transparency in arbitration treaty-based investor-State expires, according to the provisions of Article (80 / item VI) of the Constitution. " Add comment
Read more: http://ift.tt/22M3sBk
http://ift.tt/1SkRXpn
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