Browsed by
Tag: iraqi government

Iraqi Government Approved Proposal for the Issuance of New Iraqi Bonds

Iraqi Government Approved Proposal for the Issuance of New Iraqi Bonds

Iraqi Dinar 123 News:– The Iraqi Central Bank submitted a proposal to the Financial Crisis Cell regarding the issuance of bonds. On Sunday, the Head of the financial crisis cell Haider Al-Abadi has approved the proposal to issue governmental bonds. The collected amount from bonds will be used for the payment of dues to suppliers and contractors working in the country. The Central Bank of Iraq further indicated in a press statement that the Head of Financial Crisis Cell Haider…

Read More Read More

Iraqi Government Decided to use Iraqi Reserves to Cover Budget Deficit

Iraqi Government Decided to use Iraqi Reserves to Cover Budget Deficit

Iraqi Dinar 123 News:– On Thursday, the Iraqi Parliamentary Finance Committee issued a statement that Iraqi government has decided to withdraw a considerable amount from Iraqi reserves in order to manage the issue of Iraqi budget deficit. A member of Iraqi Finance Committee Ahmed Sarhan issued a press statement that it is most important task for Iraqi government to invest in the Iraqi agriculture and industry sectors to minimize dependency on the revenues of Iraqi oil export in the federal…

Read More Read More

Central Bank Law to be Modified to Borrow by Iraqi Government

Central Bank Law to be Modified to Borrow by Iraqi Government

Iraqi Dinar 123 News:– A legal expert Tariq Harb issued a statement that Iraqi government should prepare modified draft law for Iraqi Central Bank and this amended law to be approved by the Iraqi House of Representatives. The purpose of new modification is to borrow from Central Bank of Iraq and to avoid external or foreign borrowing in order to meet financial issues including payment of salaries. It is important that first five days of January 2016 shows fearful and…

Read More Read More

Iraqi Government to Find Alternatives to Stabilize Iraqi Economy: Finance Committee

Iraqi Government to Find Alternatives to Stabilize Iraqi Economy: Finance Committee

Iraqi Dinar 123 News:– On Monday, the Iraqi Parliamentary Finance Committee has confirmed that Iraqi financial and economic condition is currently experiencing very critical situation. It is also said that Iraqi government should stop external borrowing and check its alternative options such as sell its “oil for food”, as getting oil for money. A member of the Parliamentary Finance Committee Ahmed Sarhan issued a press statement that Iraq is currently moving towards bankruptcy and collapse in its economy due to…

Read More Read More

The CBI Law Stopping Government to Contribute CBI Reserves

The CBI Law Stopping Government to Contribute CBI Reserves

Iraqi Dinar 123 News:– On Thursday, The economic adviser to the Iraqi Prime Minister, Muhammad Saleh has confirmed that Law of Iraqi Central Bank prevents lending to Iraqi government in any condition. It is also said that the law implemented at the time when law making authorities realized severe situation after involvement of governmental financial power agencies in the former government. Muhammad Saleh further said in his interview to ‘Eye Iraq News’ that Act 56 in the law 2004 prevents…

Read More Read More

Iraq Looking Ahead to Build Strong Ties With Emerging Economies

Iraq Looking Ahead to Build Strong Ties With Emerging Economies

Iraqi Dinar 123 News:– The alliances and economic partnerships are looking to find ways to get out from recent crises. They are finding the reasons of economic failure and explore new paths for moving in the less powerful and more flexible markets with the collaboration of World Bank and International Monetary Fund. The Iraqi government is moving towards the detachment with the unsettled economic policies, and with saturated market’s crises. It would not contribute in the economic development in the…

Read More Read More

Reform Package Should be Implemented as soon as Possible

Reform Package Should be Implemented as soon as Possible

The Iraqi Prime Minister Haider Al Abadi is ready to start the economic and political reforming with the handsome support of the House of Representatives to move the country in much better directions. It is surely a positive step to be implemented, but it has not been implemented due to some unknown issues. Iraqi government has considerable support by the House of Representatives, but reform process would face a heavy resistance by those people that are involved in administrative and…

Read More Read More

Iraqi Government Should Appoint Honest Persons to Implement Reform Package

Iraqi Government Should Appoint Honest Persons to Implement Reform Package

Iraqi Dinar 123 News:– A famous economist and member of Baghdad forum, Amer Jeweler issued a statement that reform package needs accurate effectiveness and major steps for implementation in order to get considerable and perfect results. It would also reflect positive and instant impact on Iraqi citizens to secure their future. The Iraqi government should not depend on the previous teams and form honest special teams because previous teams can cause delay in the reform process which could harm the…

Read More Read More