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BondLady’s Corner

February 14, 2022
in Dinar Guru

TLM724 Administrator BondLady’s Corner

With documents.. The Federal Court Decides That Saleh Will Continue In His Position Until A New President Is Elected

Political | 03:12 – 13/02/2022  Baghdad – Mawazine News  The Federal Supreme Court decided that the President of the Republic will continue to carry out his duties until the election of the President of the Republic of Iraq.   To view the resolution: Download the file  https://www.mawazin.net/Details.aspx?jimare=184510

Zebari: The Federal Court’s Decision To Expel Me From Running For The Presidency Is Politicized

Today, Sunday, the leader of the Kurdistan Democratic Party, Hoshyar Zebari, announced his respect for the judiciary’s decision to exclude him from running for the presidency.

Zebari said in a press conference held today, “Today is a sad day for Iraq, for which we struggled to be a state of justice,” noting that “we were surprised by the decision of the Federal Court of our right to nominate for the presidency.”

He added, “We respect the judiciary’s decision, and it is my right as an Iraqi citizen to say that there is injustice,” noting that “the laws and conditions required for the presidency of the republic were in our eyes, and we are not strangers to the political process.”

He continued, “When we were nominated to the presidency, we fulfilled all the conditions and we have official books from the bodies that approved our candidacy,” explaining that “there are four representatives who submitted the appeals: three of them are opponents of the National Union.”

He stressed, “We closed all accusations, we have a great service to the country and served it with sincerity and good behavior,” pointing out that “the decision of the Federal Court is politicized and it is my right as a citizen to nominate.”   https://www.radionawa.com/all-detail.aspx?jimare=27991

Successful Global Experiences Are A Gateway To Saving Iraq

Sunday 13 February 2022  127  Baghdad: Hussein Thaghb  Shukran Al-Fatlawi  Two economists focused on the need to work on benefiting from the successful global experiences that were able to advance economies that suffer from chronic problems, including those that lived in conditions similar to what Iraq is going through at the present time, as these experiences can be transferred and adopted to move the local market.

The two experts, Manaf Al-Sayegh and Abdul-Aziz Al-Hassoun, stressed the need to resort to benefiting from the experiences of the development countries that preceded them, especially those that planned for themselves the foundations of managing the economy in the best way, leading to achieving the welfare of the people and addressing all economic problems.

Economist Manaf Al-Sayegh explained to Al-Sabah that “there are experiences of many countries, including countries from the third world, urging the need to study them and follow their approach in the process of advancement and keeping pace with developments in the world, explaining at the same time that the Malaysian experience, which is one of the emerging economies It was able to transform from a poor country into an industrially advanced country in various fields by attracting investment and partnering with the private sector, inspired by its own experience, to build on the Japanese experience.”

Positive Model

He added: “There are other exemplary experiences, such as the Singaporean experience, which has outperformed many countries, despite the small area of the country, and its lack of natural resources, compared to our resources and capabilities, not to mention the experience of South Africa, and all the Gulf states.

These are successful experiences that provided a positive model in the operations of The change was built on global performance rules and plans, and adopted standards of transparency, accountability and integrity, and reduced levels of bureaucracy and administrative and financial corruption.

Suggestions and Fixes

Al-Sayegh explained: “Iraq, since 2003 until this day, has been suffering from bad visions, noting that the country needs at this stage the presence of economists and experts to present their visions after they were unified by economists and experts and to come up with a unified vision to avoid the country’s imbalance in performance, and the orientation in preparing projects Development stemming from the actual need and according to importance and according to the timings.

He pointed out that starting the administrative and financial reform and partnership operations with the private sector strongly and entering it as an active and essential partner in the development and implementation of programs, accompanied by activating the market, working with proposals and visions and implementing them according to a specific time schedule, approved every three years, that is evaluated and the obstacles identified to be avoided in the plans And implementing them with higher degrees of success, and seeking the assistance of people with experience and integrity, all of this can contribute to extricating the country from the confusion and collapse.

Rwanda Experience

The economic expert, Abdul Aziz Al-Hassoun, explained “the importance of experiences for Iraq, as they can be the focus of an effective launch in the process of economic development that the country seeks, and which needs a serious national orientation that works to move the labor market in a way that achieves great economic feasibility for the country.”

He pointed out that “standing at experiences similar to the Iraqi experience is very important, as we can stand on the economic experience of Rwanda, and how it managed to penetrate from being the worst economy in the world to the world of sustainable economic development, and today it is achieving the highest total product in the world as a whole, as Until recently, it was suffering from a comprehensive economic collapse, without the ingredients for advancement,” noting that “it approved its constitution in 2005 and worked to invest in human resources, and then worked to adopt tight economic development plans after addressing all the problems.”

He pointed out that “Rwanda today is the destination of the largest global investments, and it has become a destination for elite businessmen around the world, and here we have to benefit from this useful experience that shares many characteristics with Iraq.”

Competency Assessment

The economist, Manaf Al-Sayegh, added: “With regard to human resources, there is a need for an assessment of competencies, to neutralize the ineffective elements in the implementation of programs and plans, and to prepare replacements in future plans from human resources, as the latter is an important and effective element in the process of development and implementation in a high way. efficiency.”

He cautioned against “focusing on the countries that have planned for themselves the foundations of managing the economy and money in accordance with global standards and international indicators, and began to put them in their future plans, and begin to raise their international assessment, and thus the world is moving in the process of advancement.”   LINK

The Supposed Path Of Economic Reform

Sunday 13 February 2022  177  Yasser Al-Metwally  There has been much talk about the paths of economic reform in a country rich in its wealth and poor in its services. Isn’t it time for correction? Let us draw an acceptable picture of a supposed and expected change in the course of economic reform, in a way that we can remedy the collapses that the country’s economy is facing due to the absence of rational performance in managing the economic file.

One of the priorities required to achieve a clear path of economic reform is to ensure that the next government’s program includes direct institutional building through the selection of a ministerial cabinet that includes competencies and specializations capable of implementing the requirements of sound institutional building and restructuring the state’s departments by placing the right man in the right place.

Institutional building requires serious laws that do not allow any decisions and procedures that hinder this structure, and these laws are among the duties of Parliament. Moreover, one of the requirements of reform is to reduce luxury expenditures for ministries and other institutions, including ineffective diplomatic missions.

This is what concerns an aspect of the administrative reform that must be achieved in advance and a correct start to restructuring government institutions and building them again according to specializations and placing the right man in the right place. The main task that the prospective government is supposed to undertake is to adopt clear policies in managing public money and eliminating waste and corruption by supporting and activating regulatory institutions, especially the acclaimed Financial Supervision Bureau.

It is useful here to point out that the current oil prices are encouraging to move towards a new path of reform through the development of a solid plan to revitalize and activate economic activity aimed at diversifying sources of income, and I think that this relates to revitalizing the productive sectors.

The financial abundance achieved as a result of the high oil prices requires directing part of it to enhance investment allocations while not expanding operating expenses, in addition to creating sovereign investment funds, in order to achieve the goal of properly managing money and achieve the desired development goals.

One of the challenges that the next government and parliament will face is how to deal with the advancement of human resources, by modifying the educational path and health services, in order to respond to the changes and requirements of the new era that occupies the entire world.

Perhaps the experience of Singapore in correcting the course of its economic reform is the best example to be followed, which through these concepts (ie setting priorities) has managed to become the third richest and advanced country among the world’s countries in various fields, so it is necessary to benefit from its outputs.   LINK

Masrour Barzani: We Are Continuing To Build Better Relations With The Federal Government

Sunday 13 February 2022  155 Baghdad: morning   The President of the Kurdistan Regional Government, Masrour Barzani, announced that the region is continuing to work to build the best relations with the federal government and to resolve all outstanding issues on a fundamental basis and on the basis of the constitution.

A statement from his office stated, “Barzani met with consuls, envoys and diplomats of countries that have diplomatic representation in the Kurdistan region, and during the meeting, he shed light on the internal situation in the Kurdistan region, as well as the reforms initiated by the ninth ministerial formation, relations between Kurdistan and the federal government, and the latest developments.” and developments in Iraq and the region.

He added, “The Prime Minister spoke about the efforts to form the new Iraqi government, in a manner that serves all Iraqi citizens and the various components, and contributes to achieving peaceful and security stability in Iraq.”

According to the statement, Barzani touched on “the regional government’s work program aimed at diversifying the economy, increasing revenue sources, reducing expenditures, reorganizing taxes, facilitating the work of foreign and local investors and digitizing services, in an important step to develop and strengthen cooperation between government institutions in a modern and modern way, and reduce corruption through a system Through it, the daily government spending is known in an electronic, transparent and clear manner.

He stressed that “despite the political differences in Iraq and the Kurdistan region, this did not reflect negatively on the performance of the regional government. On the contrary, the cooperation and coordination between the members of the ninth ministerial formation is good.”

The head of the regional government reiterated that “Kurdistan is an important factor for stability in the region and always looks forward to building good relations with neighboring countries, and improving its relations with the international community in general.”

He pointed to “the importance of continuing coordination and cooperation with the Kurdistan region to address the threats of ISIS terrorists, especially in the Kurdish areas outside the administration of the region, which is to end the security gaps in those areas and activate the joint security coordination centers between the Peshmerga and the Iraqi army.”  LINK

An Increase In The Exchange Rate Of The Dollar Against The Dinar

Economie| 10:56 – 13/02/2022   Baghdad – Mawazine News, the dollar exchange rates rose, today, Sunday, in the local markets.   The selling prices of the dollar were 148.250 dinars per $100, while the purchase prices of the dollar were 148,000 dinars per $100.    https://www.mawazin.net/Details.aspx?jimare=184483

Significant Increase In Central Bank Sales Of Hard Currency

Economie| 01:59 – 13/02/2022  Baghdad – Mawazine News   Today, Sunday, the Central Bank of Iraq’s sales of hard currency recorded a significant increase from sales last Thursday.

And the Central Bank auction for the sale and purchase of foreign currencies witnessed a remarkable increase in its sales by 4.74% to reach 199 million and 543 thousand and 974 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar.

Most of the bank’s sales went to enhance balances abroad in the form of remittances, amounting to 170 million and 3 thousand and 974 dollars, while the remaining amount of 29 million and 540 thousand dollars went in cash.  27 banks fulfilled requests to enhance balances abroad, 14 banks to meet cash requests, in addition to 172 mediation companies. Ended 29/A 4   https://www.mawazin.net/Details.aspx?jimare=184504

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