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The World Bank advised Iraq adjusts spending and curb the growth of budget deficit in 2016[/size]

21/12/2015 09:30 |    Direction Press / Agencies   The World Bank warned on the need that Iraq is working to curb the growth of the fiscal deficit over the next year and reforms in the areas of spending and free up resources to invest in infrastructure and social sectors.

The bank said representative in Iraq, Robert Abu quality in a press statement that because of the decline in the Iraq oil prices like most of the exporting countries will need to adjust the financial situation to ensure financial sustainability, as well as it needs to be amended through the development of a medium-term, with plans for the credibility of the fiscal situation and it requires a reduction of current spending, including wages and subsidies bills.

He said the priorities of large investment projects that are important to ensure the growth of earnings over the medium term evaluation, noting that the main challenges facing Iraq in 2016 to curb the fiscal deficit growth and free up resources to invest in infrastructure and social sectors,

especially in the liberated areas, while maintaining networks basic safety and social support for the poor and the disadvantaged, as well as the need for fiscal consolidation by reducing energy subsidies and the implementation of the civil service reform and reform of state-owned enterprises.

He pointed out that Iraq also faces multiple challenges, but at the same time an opportunity to move forward on reforms and diversification of the economy, indicating that the deterioration of the financial situation presents Iraq’s largest financial risks, calling for strengthening the financial conditions gradually through containment of spending growth and improve income generation.

And he urged the Iraqi Government to seize the opportunity to reform the economy to address the structural issues that protracted, stressing that Iraq is in dire need of many important reforms in areas such as subsidies and pensions and the financial sector and state-owned enterprises and public sector employment and wages and contribute to achieving a higher degree of efficiency in public spending and deepen Economic reforms aimed at diversifying the economy away from oil, warning that all reforms,

if carried out successfully, it would encourage private sector development and job creation so For Iraq to accelerate structural reforms to liberalize the economy and promote competition.            http://aletejahtv.org/index.php/permalink/91771.html

[tlm724] will need to adjust the financial situation to ensure financial sustainability

[tlm724] with plans for the credibility of the fiscal situation and it requires a reduction of current spending, including wages and subsidies bills.

[tlm724] thats what the IMF requires as well, a reduction or complete elimination of subsidies

He pointed out that Iraq also faces multiple challenges, but at the same time an opportunity to move forward on reforms and diversification of the economy, indicating that the deterioration of the financial situation presents Iraq’s largest financial risks, calling for strengthening the financial conditions gradually through containment of spending growth and improve income generation.

[tlm724] improve income generation

[tlm724] sounds like a plan, lets grow our income too please and thank you

[therealbubbie] oogie advised therealbubbie to adjust spending and curb the growth of our budget deficit in 2016!!!!  lmao

[cat] soon too

[tlm724] therealbubbie lmao  *whip*

[tlm724] deepen Economic reforms aimed at diversifying the economy away from oil, warning that all reforms, if carried out successfully, it would encourage private sector development and job creation so For Iraq to accelerate structural reforms to liberalize the economy and promote competition.

http://www.bondladyscorner.com/t158969-the-world-bank-advised-iraq-adjusts-spending-and-curb-the-growth-of-budget-deficit-in-2016
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Central Bank lowers the value of the dinar against the dollar
Economy and Tenders   Since 12.21.2015 at 12:24 (GMT Baghdad)

BAGHDAD – scales News   The Central Bank of Iraq, Monday, for the reduced value of the dinar against the US dollar.

According to a statement of the bank received / scales News / copy of it, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”

The statement noted banks and the conversion of financial, investment and banking offices that “the exchange rate by international standards is still under study and will report results if completed, knowing that he has changed the base rate of the US dollar against the Iraqi dinar by the bank to 1182 dinars per dollar.” . ended 29 quarters e    LINK

[tlm724] “the exchange rate by international standards is still under study and will report results if completed,

[tlm724] the exchange rate by international standards , getting it adjusted to be within that 2% threshold I would imagine  Wink

[tlm724] and then I sure hope the IMF gets them to raise the value *whip* and get off that dollar

http://www.bondladyscorner.com/t158987-central-bank-lowers-the-value-of-the-dinar-against-the-dollardiff-source
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Virtue: The Central Bank’s decision to reduce the value of the dinar will saddle citizen
Political
Since 12/21/2015 14:56 pm (Baghdad time)

BAGHDAD – scales News  —  Cdnaib for Virtue’s parliamentary bloc Abdul  Moussawi said in a statement received / scales News / copy of it, he was “the first was to think about alternatives to distract us from this result, which will increase the suffering of the disadvantaged classes and low
He added, “The investigation and audit in the fate of those revenues that carry citizen adhered to without to have a role in the consolidation of the budget is required and necessary, pointing out that the cooperation of the executive and supervisory in the detection of fate authorities will provide convenient alternatives to enrich us all make decisions increase the suffering of the people of our patient “.anthy 29/4 e       LINK

[tlm724] The Central Bank’s decision to reduce the value of the dinar will saddle citizen

[tlm724] “the first was to think about alternatives to distract us from this result, which will increase the suffering of the disadvantaged classes and low

[tlm724] yes this will effect the people and not in a good way !

[tlm724] hopefully this is a short term strategy by the CBI !!

http://www.bondladyscorner.com/t159003-virtue-the-central-bank-s-decision-to-reduce-the-value-of-the-dinar-will-saddle-citizen
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Central Bank lowers the value of the dinar against the dollar by 1.37%[/size]
21/12/2015 12:36 | Direction Press / Baghdad   Central Bank of Iraq announced the reduced value of the dinar against the US dollar.

According to a statement of the bank “direction Press” it received a copy of it, that “raise selling the US dollar to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”

The statement noted banks and the conversion of financial, investment and banking offices that “the exchange rate by international standards is still under study and will report results if completed, knowing that he has changed the base rate of the US dollar against the Iraqi dinar by the bank to 1182 dinars per dollar.” .

The bank was selling dollars at 1166 dinars, it reported statistically the bank sold more than $ 42 billion in the auction of the currency since the beginning of this year until last Wednesday.

The Governor of the Central Bank and the Agency on the Keywords announced in 20 of the month of November last that the bank reserves of foreign exchange of 60 billion dollars, “adding that” enough for six months, “noting that” the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation. ”         http://aletejahtv.org/index.php/permalink/91808.html

[tlm724] that “raise selling the US dollar to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”

[tlm724] that “the exchange rate by international standards is still under study and will report results if completed,

[tlm724] he has changed the base rate of the US dollar against the Iraqi dinar by the bank to 1182 dinars per dollar.”

[therealbubbie] if completed,

[tlm724] the CBI must be trying to make more money to raise the reserves per BL

[tlm724] help with the budget deficit etc…

[tlm724] The Governor of the Central Bank and the Agency on the Keywords announced in 20 of the month of November last that the bank reserves of foreign exchange of 60 billion dollars, “adding that” enough for six months, “noting that” the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation.

http://www.bondladyscorner.com/t158972-central-bank-lowers-the-value-of-the-dinar-against-the-dollar-by-1-37

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