Delete Zeros Priority
26/11/2017 12:00 AM
We are on the doors of the year 2018 Or is the date of deletion of the three zeros of the Iraqi dinar a question addressed to the makers of monetary policy ?.
The past years have seen widespread debate about the advantages and disadvantages of deleting zeros.
Which brings this debate back to the forefront, but we are at the beginning of the road towards a rational economic reform that restores the country's strengthand strength after being subjected to several tremors almost paralyzed.
I see that the return of the subject delete the zeros to the forefront at a time when the steps of the reform calmly and slowly and unrivaled is a real vision to restore the real value of the Iraqi dinar to remain master of currencies at the level of local trading without rushing on the acquisition of the dollar to invest outside the country, and perhaps the advantages of the dinar equivalent with The dollar in terms of value, content and appearance of the debt to invest domestically, because it is difficult to invest currencies in the world outside the dollar as the currency of the most receptive and popular in transactions and investments.
This and other advantages lead to the adoption of consideration of this project and study the possibility of its application during the year 2018 as one of the basics of monetary and banking reform.
The past years have seen widespread debate about the advantages and disadvantages of deleting zeros.
Which brings this debate back to the forefront, but we are at the beginning of the road towards a rational economic reform that restores the country's strengthand strength after being subjected to several tremors almost paralyzed.
I see that the return of the subject delete the zeros to the forefront at a time when the steps of the reform calmly and slowly and unrivaled is a real vision to restore the real value of the Iraqi dinar to remain master of currencies at the level of local trading without rushing on the acquisition of the dollar to invest outside the country, and perhaps the advantages of the dinar equivalent with The dollar in terms of value, content and appearance of the debt to invest domestically, because it is difficult to invest currencies in the world outside the dollar as the currency of the most receptive and popular in transactions and investments.
This and other advantages lead to the adoption of consideration of this project and study the possibility of its application during the year 2018 as one of the basics of monetary and banking reform.
Perhaps follow the steps in reducing the exchange rate of the dollar gradually after the challenge of security will devote convictions and accept the deletion of zeros, which faced in a timely split between supporters and opponents because of poor understanding of raising zeros, and importance and advantages, especially when some believe that the deletion of zeros will reduce the size of the reserves of dinars because Their view of their size is not to their true value.
It should be noted that monetary policy had followed a balanced and balanced plan to reduce the exchange rate of the dollar against the dinar and succeeded to some extent fixed on what it is now, where it was able to reduce from 200 thousand to 100 dollars to 120 thousand dinars and the goal to reach 100 thousand Dinars but circumstances prevented timely completion of the gradual reduction.
Today, it is easy for the Central Bank of Iraq to work on the principle of gradually reducing the exchange rate to the extent that it can be equivalent to the dinar against the dollar, so as to accept and digest the process of deleting zeros, so the advantage of reducing the size of money assured the owner to keep a small amount of cash with the bone market value And actual.
For this, the deletion of zeros or raise them from the Iraqi currency will make them enjoy these advantages in the field of compactness and commercial transactions and the risks are much lower than the large cash volumes.
The bottom line is that it is necessary to adopt the Central Bank of Iraq for the project to delete the zeros and work on its implementation from now in order to achieve the objectives of reducing the size of the monetary mass, and required a media program to devote convictions to the importance of this project,
more news later ... well it's my intention to post more later hahaha
Okay I like this one too...
The release of the salaries of beneficiaries of social welfare in Kirkuk
26/11/2017 12:00 am
The opening of smart cards for employees and retirees in Mosul
Mosul / Shorouq Maher Kirkuk / Nahdet Ali
He pointed out that the Department, after taking the necessary measures and to demonstrate the safety of their security position from the gangs, "Da'ash" terrorist has fired their salaries, while the salaries of 120 beneficiaries are being examined in preparation for the launch within the next few days.
Fadhil pointed to the formation of a working group specialized to complete the procedures of inclusion in the salaries of care in the province of Hawija and the villages affiliated with him, where he began to perform his work, but needs the cooperation of local authorities in the districts and districts and selected.
He pointed out that the Department is also working to add child allowances for the covered and the ruling of the suspension and refunds. He pointed out that the number of stops in the new coverage amounted to 2574, and this is due to intersections with other departments, including tax and financial control, because most of them have generators and professions and have loans. Among them, did not provide an annual statement for the years 2013, and some of them have appointments or retirees, while 22 thousand and 978 beneficiaries were included within the new law and continue.
Mosul / Shorouq Maher Kirkuk / Nahdet Ali
The Social Welfare Department in Kirkuk has paid 400 beneficiaries in the liberated areas to the south-west of the province after being stopped as a result of the occupation of the former terrorist gangs. The Nineveh Council announced the opening of smart cards for employees, retirees and other groups.
The director of the department, Halo Fadel, said in a statement to the "morning" that his department has activated the salaries of 400 beneficiaries of the salaries of social protection network, whose salaries have been suspended previously because of the presence of terrorist elements in their areas. He pointed out that the Department, after taking the necessary measures and to demonstrate the safety of their security position from the gangs, "Da'ash" terrorist has fired their salaries, while the salaries of 120 beneficiaries are being examined in preparation for the launch within the next few days.
Fadhil pointed to the formation of a working group specialized to complete the procedures of inclusion in the salaries of care in the province of Hawija and the villages affiliated with him, where he began to perform his work, but needs the cooperation of local authorities in the districts and districts and selected.
He pointed out that the Department is also working to add child allowances for the covered and the ruling of the suspension and refunds. He pointed out that the number of stops in the new coverage amounted to 2574, and this is due to intersections with other departments, including tax and financial control, because most of them have generators and professions and have loans. Among them, did not provide an annual statement for the years 2013, and some of them have appointments or retirees, while 22 thousand and 978 beneficiaries were included within the new law and continue.
Fadel stressed the keenness of the Department to complete the resolution of the suspension of salaries of beneficiaries in preparation for release according to their entitlement. In addition, the deputy governor of Nineveh province Hassan al-Alaf told the "morning" that the Council opened five centers for the issuance of smart card for employees and retirees and beneficiaries of social welfare and other groups, in order to end the problem of their travel to other provinces to issue, distributed in the left and right of the city Mosul.
He pointed out the return of all civil servants displaced to the departments and are doing their normal work, noting the opening of 20 sections of the municipalities and health of Nineveh in less than a month in order to provide services to the facilitators.
Well, and this one too...
Experts for the {morning}: 2018 start harvesting the fruits of economic victories
26/11/2017 12:00 am
Baghdad / Farah Al-Khafaf
He pointed out that "difficulties will face the government because of the file of the elections, which will try to block any trends to elevate the situation, within the principle of electoral competition," calling for "corner of the election aside and work to promote the economy and services, especially that the latter faces many challenges and disadvantages because of corruption or lack Money ".
Experts expected that the government will focus on the economic file during the year 2018 on the file of investment and employment of unemployed youth, as well as open wider prospects for partnership and cooperation with the countries of the world.
According to expert Rahim al-Shammari for "morning", "2018 will be a year to translate the victories achieved by the security forces, so the government will try to focus on the aspects of service and economic."He pointed out that "difficulties will face the government because of the file of the elections, which will try to block any trends to elevate the situation, within the principle of electoral competition," calling for "corner of the election aside and work to promote the economy and services, especially that the latter faces many challenges and disadvantages because of corruption or lack Money ".
Reviving the economy For his part, the financial expert Thamer al-Azzawi likely that the government is moving to revive the economy, especially with the near completion of military operations expensive financial. He pointed out in a statement to al-Sabah that "the year 2018 will witness the beginning of the harvest of the fruits of the government's efforts," stressing that "This began to be clear in the speech of Prime Minister Dr. Haider al-Abbadi last week, when he stressed that there is no prejudice to salaries and that the allocations are insured, The physical situation is rather good. " The Central Bank of Iraq has announced the completion of discussions with the International Monetary Fund on the third review of the credit agreement, pointing to the IMF's progress with Iraq on the budget in 2018, which comes in line with the agreement on credit readiness . Crossing the crisis expert Saad al-Muhammadawi explained that "the government succeeded in keeping the stick from the middle, has achieved military successes, and was able to cross the financial crisis." "The year 2018 will witness a greater movement in the economic file, especially with regard to strengthening relations with the neighboring countries and the region, and the countries of Europe and East Asia," he said. He also pointed to "the existence of government plans to support the public and private sectors, attract domestic and foreign investments through the introduction of new facilities, as well as the announcement of projects for the employment of unemployed youth." With regard to the latter paragraph, the Parliamentary Committee on Economy and Investment held a workshop to discuss the youth employment project through collective lending mechanisms. Job Opportunities The workshop, which was attended by bank managers, representatives of the ministries concerned, consultants and the private sector, discussed a number of proposals to find a formula to reduce the trend toward the government function and to promote the private sector to be the most suitable alternative for securing employment opportunities for young people. "This project was submitted by the committee and held several meetings with stakeholders," said Ahmed Salim al-Kanani, head of the committee. "This is the second workshop in which the executive bodies concerned have been hosted and will work in the event of approval of the project to adopt implementation and overcome all the obstacles facing Implementation ". Strategy lending his part, said the supervisor of the project , Dr. Ismail slave, said that " the goal of the project is to change the strategy of lending pursued by the government and directed towards unemployed youth, and instead of giving them limited amounts for the development of small - scale projects , mostly literal or purchase of carrying vehicles or special transport, is established Groups of borrowers covered by loans to establish companies or medium projects of their loan funds depending on what the developer of the feasibility. He added that "the known for medium projects are more effective and influential in the direction of development and more useful for the national economy, not to mention that these projects will occupy the hands of more than individual projects and small, and here will create alternative jobs for the government sector Which is no longer able to absorb larger numbers than the current one. " A joint committee concluded the recommendations of the first meeting, including the formation of a joint committee comprising members of the House of Representatives and the relevant committees and representatives of ministries and departments not affiliated with the Ministry, with representatives of civil society organizations and the private sector. The tasks of the Committee, the dates for the start and end of its functions, the holding of meetings with the executive side of the Government and the readiness to enact legislation that would be a formal framework for the work of the project managers were also identified.
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