TLM724 Administrator BondLady’s Corner
The White Paper And The Private Sector
Saturday 21 August 2021 174 Thamer Al-Haims Historically and in the most important experiences, the private sector has not had the invisible hand that regulates its decisive performance in establishing the modern state with its government and sovereignty. On the contrary, the state had a decisive role in creating the conditions for the success of the private sector, from creating markets externally and internally, to interfering with scales, prices and specifications. It prevents what floats basic needs with social justice, and that is why it was said (a person without a state loses everything).
The principle of the state’s reference in managing the economy is the cornerstone, and this does not mean closing down as much as it means promoting openness to the private sector in the light of this. .
Is our private sector ready for this role? Yes, it will be ready whenever the law is supportive, and we know that, in practice, there is no representative of this sector legally, as the largest alignment belongs to the public sector, which is still seeking to rehabilitate the financial sector, including reforming government banks, and enabling the civil ones, to play Her required role as stated in the white paper p. 54.
How can private banks organize with the financial sector when it is not qualified after 18 years of striving and programs to rehabilitate the Rafidain and Rasheed Banks? Also, mere qualification does not mean that private banks integrate with the two banks or with the Central Bank, automatically with a unified development policy.
The reason is known, which is the banks that violate the simplest rules of banking, which did not shed enough light on them, so that depositors regain confidence in banking work, so the role of private banks has become specific.
By 10% or less, not to mention the supporting confusion. Transparency in it is not just a guide to integrity, but rather it is a vital element without which it is impossible to imagine any complete success.
As long as there was money outside banks equivalent to two-thirds of the monetary bloc, the internal and external debt was a solution, and with a budget deficit, the opponents of the white paper were tossing it around, a deficit that comes in the context of the growing relationship with the International Monetary Fund and the World Bank.
But the arc is still detached. Retreat does not serve anyone, and so does closure. After an experience that took place in the public and private spheres before and after 2003, we were not envious of it, so it deserved and fulfilled the review.
The white paper is well aware of the seriousness of the matter from structural adjustment to trade liberalization and its objective and subjective growth factors. It was subjected to constructive criticism from parties that were active in the two phases before and after 2003, and it cannot be compromised in any case, but rather to proceed with the national option through e-governance and e-government with a national will. First . LINK
The Stability Of The Dollar Exchange Rate
Exchange office Market Economy News – Baghdad The exchange rates of the dollar against the Iraqi dinar continued to be stable in the local markets.
Today, Saturday, the selling prices of the dollar were 148.250 dinars per 100 dollars, while the purchase prices of the dollar were 147.750 dinars per 100 dollars.
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Finance Discusses A Strategy To Reform Management Systems And Budgets
August 20, 2021 Baghdad – time The Minister of Finance, Ali Abdul Amir Allawi, chaired the meeting of the eighteenth session of the committee for preparing the strategy of the state’s general budget for the medium term 2022-2024.
A statement received by (Al-Zaman) yesterday said that (Allawi chaired a special meeting of the committee to prepare the budget strategy for the coming years, in the presence of the head of the General Authority for Monitoring the Federal Ministries’ allocations, the Undersecretary, the Prime Minister’s advisor, the ministry’s advisor, and a number of general managers in the ministry and related ministries,
to discuss the proposed amendments to the aspect Oil and non-oil revenues and follow-up on the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a manner that works to reduce the deficit gap in future budget projects and to remain at safe spending levels.
The statement pointed out that (the meeting discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2024-2022, which includes reform visions represented in the adoption of supporting elements to revitalize the economic reality). On the other hand, the Central Bank discussed financial inclusion and its economic and social dimensions inside Iraq. LINK
Disclosure Of The Date For The Reopening Of Banking Companies In Mosul
Economie| 03:32 – 08/21/2021 Nineveh – Mawazine News Nineveh province, Najm al-Jubouri, revealed, on Saturday, the date for the reopening of banking companies in Mosul.
Nineveh Governor Najm al-Jubouri said to the official news agency, “The decision to allow banking companies in the city of Mosul to carry out their work was voted on by the Council of Ministers and will be circulated to all departments of the Prime Ministry,” noting that “a month was given to the Ministry of Finance and the Central Bank to implement, if they did not If there is any security or legal obstacle to a section of the companies, the companies will start their work.”
He added that “the Council of Ministers voted unanimously to open banking companies in Mosul,” noting that “in Mosul, there are 72 exchange companies, and they were permanently prevented from working by the Central Bank of Iraq and the Ministry of Finance due to a reservation by the National Security Advisory.”
Al-Jubouri added that “the governorate earlier tried to provide assistance and was able to obtain approval to re-work with 12 companies, provided that they deal in the Iraqi currency. Therefore, the people of Mosul are forced to travel to other places to convert foreign currency.”
He pointed out that he “suggested to the Council of Ministers that these companies open, and if there is a security concern to be resolved within a month and outside the limits of the month, all exchanges are opened”, stressing that the proposal was unanimously approved and was approved.
Iraq And The United Nations Set Timetables For Implementing Environmental Projects
Saturday 21 August 2021 183 Baghdad: morning The technical undersecretary in charge of the administrative, financial and technical powers of the Ministry of Environment was headed by Jassem Abdel Aziz
Al-Falahi, yesterday Friday, second day of high-level meetings with UNDP.
A statement by the Ministry of Environment stated that during the meeting, projects implemented by both sides on climate change issues and support for residents were discussed
The marshes, as well as the preparation of a national strategy to combat pollution and support the capabilities of workers in the management of chemicals, and agreed on specific timetables for the implementation of current projects. LINK
Baghdad Secures Its Summit On Two Levels
Political | 02:30 – 21/08/2021 Baghdad – Mawazine News Informed sources said, on Saturday, that Baghdad has taken a series of measures to secure the neighboring countries conference scheduled for the end of this August.
The sources said, “The preparation for the summit is taking place politically and at the highest levels within the corridors of the government, at the same time that the Iraqi military and security services are working on developing plans for securing the summit through a series of measures inside the capital, Baghdad, in particular the Green Zone, where the meeting is located.”
She added: “On the other hand, it is working to fortify the security situation on two levels; the first is to secure the external roads of the international coalition support convoys, which were subjected to a series of attacks with explosive devices, time bombs and others, and the second is to continue chasing ISIS elements in their most dangerous incubator that is still stubborn.” On full insurance, which is the Tarmiyah area northwest of Baghdad. Ended 29/43 https://www.mawazin.net/Details.aspx?jimare=164584