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Captain: It is the first government set up a sovereign fund to save the surplus the previous budgets

02/02/2016 10:06 |  Special direction Press /

MP for the Bloc ‘Abdul Karim al-Naqib said of the first government set up a sovereign fund reservation by all financial surpluses from previous budgets.
Said Capt in an interview with “direction Press” that the current financial crisis caused by the fall in world oil prices can not be dealt with only by measures of austerity, pointing to the need to reduce costs to the maximum extent possible, and to increase non-oil revenue that could clog the part of the the gap in the budget.
He stressed the captain on the necessity of activating the private sector to take its role in the promotion of the national industry areas of industry and Alzraahn as well as establishing new controls at auction dollar Iraq’s central bank and a review of the exchange rate against the Iraqi dinar, in addition to the conversion of some institutions and make it self-financing, such as the Municipality of Baghdad, municipalities and endowments.
He added that these measures need to be bold and resolute steps and the cooperation of everyone, pointing out that the responsibility that should not be located on the government only, but must be involved citizen and administrator alike, stressing that this crisis intensify with the challenges facing the country, which is facing a war terrorist need a lot of money to go to war spending.
It is said that economists revealed that the crisis cell set up by the Prime Minister Haider al-Abadi on the economic problems of the country did not give any significant results, stressing the necessity of activating the sectors of agriculture, industry and non-oil find alternatives to bridge the budget deficit.     http://aletejahtv.org/index.php/permalink/97911.html
[tlm724] first government set up a sovereign fund reservation by all financial surpluses from previous budgets
[tlm724] ya sure that money isn’t gone with the wind ???
[tlm724] as well as establishing new controls at auction dollar Iraq’s central bank and a review of the exchange rate against the Iraqi dinar
[tlm724] *wolfwhistle* new controls, I say stop the presses
http://www.bondladyscorner.com/t161804-captain-it-is-the-first-government-set-up-a-sovereign-fund-to-save-the-surplus-the-previous-budgets
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Central Bank calls on citizens to the acquisition of national bonds instead of “Tknez their money.”
Central Bank building one independent bodies according to the Iraqi Constitution .. Photographed by Mahmoud Raouf
Author: HH, MK    Long-Presse / Baghdad
Called on the Central Bank of Iraq, on Monday, citizens to the acquisition of national bonds, which will present soon, rather than reliance on “hoarding money”, as he emphasized that those bonds will have a “good financial benefits.”
The governor of the Central Bank on the Keywords during a press conference in the Green Zone in central Baghdad, with a number of officials in economic affairs and attended (range Press), said that “national bonds would investigate citizen good financial returns,” noting that “the Central Bank put interest on the bonds so that compete on foreign interest. ”
He called on citizens to “the acquisition of national bonds, which will put it soon rather than the adoption of hoarding money,” pointing out that “the central bank wants to bring in the interest of the citizen through internal bonds instead of resorting to asking foreign bonds.”
The Central Bank of Iraq announced earlier, take the necessary measures to support liquidity in the banking system, and decided to facilitate the sale of foreign currency “to sustain the exchange rate” procedures.
The Central Bank of Iraq, said in (the 18th of January 2015), that the financial reserve for Iraq equivalent and a half times the weakness of the currency bloc, returned as “best rates” in the countries of the world, and as he emphasized that Iraqi financial institutions are “unable” to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices.  LINK   
[tlm724] Called on the Central Bank of Iraq, on Monday, citizens to the acquisition of national bonds, which will present soon, rather than reliance on “hoarding money”, as he emphasized that those bonds will have a “good financial benefits.”
[tlm724] “the Central Bank put interest on the bonds so that compete on foreign interest.
[tlm724] he’s telling them they can make some money off their money if they buy these bonds
[tlm724] rather than the adoption of hoarding money
[tlm724] you could make some money selling safes for in the mattress over there lol
[tlm724] take the necessary measures to support liquidity in the banking system, and decided to facilitate the sale of foreign currency “to sustain the exchange rate” procedures.
[tlm724] the new e system will help with liquidity , direct deposit of salareis etc… but without the guarantee of protection they will withdraw it quick like like a bunny, just sayin…
[tlm724] that the financial reserve for Iraq equivalent and a half times the weakness of the currency bloc, returned as “best rates” in the countries of the world
[tlm724] if he can keep and grow the reserves the dinar is covered quite well now give it some power *slap*
http://www.bondladyscorner.com/t161814-central-bank-calls-on-citizens-to-the-acquisition-of-national-bonds-instead-of-tknez-their-money
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Newspapers Tuesday concerned the upcoming ministerial changes and the restructuring of ministries
Local   Since 02.02.2016 at 10:01 (GMT Baghdad)
BAGHDAD – scales News   Cared issued today press statement a spokesman for the prime minister, that the government is considering restructuring some ministries to save money for the state, and understandings Prime Minister Haider al-Abadi with leaders of political blocs to conduct a cabinet reshuffle in his government, and the resumption of the House of Representatives today held its meetings, and other topics relevant to the Iraqi issue.
Newspaper has highlighted (Zora) issued by the Iraqi Journalists Syndicate news of the resumption of the House of Representatives on Tuesday, holding regular meetings to vote on the draft University of Defense Military Studies law, the first reading of the final accounts of the Republic of Iraq for the year 2007.
The newspaper pointed to the parliamentary committees confirm that the final accounts have not been sent to the House of Representatives until 2013, and for the period from 2005 to 2011, which was referred to the legal and financial advisers in the Parliament to express their opinion.
The newspaper (Orient) Independent cases: a statement Saad al-Hadithi, a spokesman for the prime minister, that the government is considering restructuring some ministries to save money for the state, and the face of sagging career in the ministries.
The newspaper quoted him as saying that “there is coordination with the World Bank and the International Monetary Fund to tackle the financial crisis in Iraq, noting that the prime minister Haider al
Not far from this atmosphere, the newspaper said (the world) Independent “locked Prime Minister Haider al
The paper, “The opponents of those calls, from the House of Representatives ruled out a comprehensive change in the ministry, and awaits those members replaced five ministers of the various components consultations, as you say informed sources in the Prime Minister’s Office, said that al
Also in political affairs, the newspaper focused (morning) issued by the Iraqi Media Network to confirm the President of the Republic Fuad Masum, that “there is no universally agreed between the Kurds to declare independence of the province of Kurdistan project, stressing that it is very reassuring that Iraq will not be divided.”
The newspaper reported Speaking in a televised meeting that “Iraq is not in the Russian Alliance
In the developments of the war in organizing Daash terrorist, touched newspaper / time / independent to the conference convened by the international coalition against al Daash in Rome on Tuesday with the participation of Iraq, in order to “review the progress made by the military operations and air strikes against the organization, as well as ways to intensify their commitments at all levels in order to weaken and defeat Daash, and the possibility of intervention against Daash in Libya, in light of reports extensively spread there. ”
The paper pointed out that the bilateral meetings to be conducted by Foreign Minister Ibrahim al-Jaafari with a number of ministers and officials on the sidelines of the meetings series “comes in the framework of strengthening cooperation and coordination on issues of common interest and provide more support for Iraq in the war against terrorists Daash and the reconstruction of the liberated areas,” according to a statement Ministry of Foreign Affairs. ended 29/4 e   LINK
tlm724    issued by the Iraqi Media Network to confirm the President of the Republic Fuad Masum, that “there is no universally agreed between the Kurds to declare independence of the province of Kurdistan project, stressing that it is very reassuring that Iraq will not be divided.
http://www.bondladyscorner.com/t161832-newspapers-tuesday-concerned-the-upcoming-ministerial-changes-and-the-restructuring-of-ministries
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An electronic system to simplify the procedures and the fight against corruption
2/2/2016 0:00   Workshop government develop infrastructure levies and reduce costs
BAGHDAD – morning and placed a workshop governmental specialized, perceptions and mechanisms to activate the payment system and collection-mail to eliminate corruption and to reduce operational costs and financial exchange, said Governor of the Central Bank on the Keywords:
that the intention is to deposit all salaries in banks government and private and connecting millions of citizens banking network, and stressed that the mechanisms to allow the organization of transactions and procedures away from the bureaucracy and corruption and exposing the money to the looting.
He Keywords confidence b «the possibility of the government to go beyond the economic crisis this year by some of the measures that have been agreed upon, and one of them bond offering national and encourage citizens to acquire, as will achieve a good return for them instead of being money stacked have »,
adding that« the central put interest on those bonds comparable to what exists of external benefits, because Iraq needs the local currency and not to the dollar, which is received from oil imports ».
In turn, the chairman of the economic and investment commission in the House of Representatives Jawad al disclosed that the parliament will put the plan to form a speeding channel to accelerate the legislation of laws in order to keep up with the reform steps undertaken by the state-sponsored institutions and with dedication.
http://www.alsabaah.iq/ArticleShow.aspx?ID=109650
tlm724
adding that« the central put interest on those bonds comparable to what exists of external benefits, because Iraq needs the local currency and not to the dollar, which is received from oil imports ».
In turn, the chairman of the economic and investment commission in the House of Representatives Jawad al disclosed that the parliament will put the plan to form a speeding channel to accelerate the legislation of laws in order to keep up with the reform steps undertaken by the state-sponsored institutions and with dedication.
http://www.bondladyscorner.com/t161840-an-electronic-system-to-simplify-the-procedures-and-the-fight-against-corruption
 
The introduction of tariffs in all border crossing points
2/2/2016 0:00
BAGHDAD – A morning of border crossings began working tariff to all ports and airports, including the Kurdistan region system to provide other resources for the budget, and among source at border crossing points Directorate that all the imported materials have included tariff system, he noted that the southern ports received sums very good to the treasury State since the implementation of this resolution.
The source said: “The border crossings began work applying the tariff system on imported goods in all ports and airports, including the Kurdistan region ports since the 16th of last month.”
He added that “customs tariff included all subjects without exception, where were previously exempt clothing and cigarettes from customs “, adding that” all material today included tariff system such as clothing and cigarettes and materials cars and alcoholic beverages of all kinds, cosmetics, air conditioning, toys, juices and other other materials.
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“The source pointed out that” the southern border ports received amounts very good to the state treasury since the implementation of this resolution on the ports that are located in these areas.
“The General Customs Director Major General Engineer Hakim Jassim Al-Hassan has said in a statement the” morning “, that the authority has completed all administrative and accounting preparations to amend the fees rates in accordance with the law pricing tariffs in all customs centers in ports, airports, ports, land border.
it noted that the bill passed in the House of Representatives in 2010 has been postponed action whereby the request of the former central government, until a settlement with the Kurdistan region to be applied at border crossing points of the province. ”
He said Hassan to train employees of the centers and the Angels Directorate on how to deal with these computational variables, to maximize the economic resources of the state and protect the national economy from commodity-dumping poor, and to ensure the smooth completion of customs formalities as soon as.
http://www.alsabaah.iq/ArticleShow.aspx?ID=109630
http://www.bondladyscorner.com/t161843-the-introduction-of-tariffs-in-all-border-crossing-points
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Central Bank: the government is able to overcome the expenses
Economy and Tenders    Since 01.02.2016 at 16:40 (GMT Baghdad)
BAGHDAD – scales News   The Central Bank of Iraq, on Monday, the government was able to overcome the expenditure for the current year.
The governor of the bank on the Keywords in a press conference with a number of officials and specialists of financial affairs at the General Secretariat of the Council of Ministers and attended / scales News /, that “the available indicators at the present time analysis on all aspects of liquidity, that the government will be able to this year exceeded within the coverages that It has been agreed upon. ”
He added that “within the coverage of the budget will be put national bonds at home to buy them by the citizens at an interest rate similar to the interest that is put forward by foreign bonds”, adding that “these bonds will bring good return to the citizen” .anthy 29/9 P    LINK

tlm724    DIFF SOURCE
Central Bank: the government is able to overcome the expenses during the current year
13:40:49 2016-02-02 | (Voice of Iraq) – Baghdad said the Iraqi Central Bank, on Monday, the government was able to overcome the expenditure for the current year, adding that part of the coverage of these expenditures will be through the issuance of national bonds.
The governor of the bank on the Keywords in a press conference with a number of officials and specialists financial affairs at the General Secretariat of the Council of Ministers and attended by Alsumaria News,
“The indicators available at the present time analysis on all aspects of liquidity, that the government will be able to overcome this year within the coverages that were agreed upon.” He Keywords that “within the coverage of the budget will be put up bonds national at home to buy them by the citizens at an interest rate similar to the interest that is put forward by foreign bonds “, adding that” these bonds will bring good return to the citizen.
“mentions that some of the officials in charge of financial affairs, announced the failure of the Iraqi government’s ability to pay employees’ salaries for more than three months to come because of lower oil prices, which impact negatively on the general budget for Iraq, which relies on 95% of these exports.
http://www.sotaliraq.com/newsitem.php?id=317485#ixzz3z1uwN9gQ
http://www.bondladyscorner.com/t161828-central-bank-the-government-is-able-to-overcome-the-expenses
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The central bank encourages the adoption of electronic payment systems
The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks
Author: BS, MK   Editor: BK, BS 2016/02/01 16:4
Long-Presse / Baghdad    The Central Bank of Iraq, on Monday, ready for the application of the electronic payment system and the launch of e-dinar about contributing up to deal with the banks and reduce the problems of the cash deal, calling on the government agencies to take advantage of them, while economic Parliamentary Committee stressed the importance of the electronic financial systems in the fight against “corruption and bribery “.
This came during a press conference held by Governor of the Central Bank and the Agency, on the Keywords, with a number of specialists economists, in the wake of a workshop payment system and collection mail in Iraq, which was held under the slogan (electronic payment methods starting point for financial inclusion), which was held within the region Green, in central Baghdad, and attended (range Press).
Keywords and said, “The central bank was prepared infrastructure for payment systems that allow the application of electronic payment for the collection or adjustments to the different agencies, including the state departments mechanism”, noting that “the infrastructure done by the Bank will provide ample space to enter the collection and electronic payment and use the card systems e. ”
He said the governor, that “the central bank will launch e-dinar soon to facilitate the payment of money by mobile phone,” noting that “cash handling involves many of the economic and organizational problems, and that the electronic payment reduces bureaucracy and corruption as well as theft and assault.”
Keywords said, that “electronic payment will go through a number of stages, the first of awareness of its advantages and apply optionally campaign,” calling on government agencies to “take advantage of this service.”
Said Governor of the Central Bank and the Agency, that “the Bank will recommend the government to deposit employees’ salaries of all government and private banks during the next term in a move that will connect millions of new people to banks and get them used to the use of electronic financial services and take advantage of its benefits,” pointing out that “ten percent of citizens only on relationship banking and financial institutions currently. ”
For his part, adviser to the Prime Minister for Economic Affairs, Abdul Hussein Al-Anbuge, during the conference, said that “the success of the payment of retirees and displaced salaries through the smart card, encouraged the expansion of the experience there to be a bank account for each employee experience,” he returned that “it could be an employee who gets his salary that way from paying wages collection of the State or the purchase of goods and services. ”
He said the head of the parliamentary economic committee, Jawad al-Bolani, in his speech during the press conference, “The House of Representatives is keen to legislation all the associated financial and economic matters,” adding that “the Commission will accelerate necessary for the application of the electronic financial systems and legislation of laws.”
Bolani stressed the importance of “electronic collection and e-dinar in the fight against corruption and bribery.”
The electronic financial systems scattered in abundance in various countries of the world, including many from the Arab, unlike Iraq, which is still in its infancy in this area as a result of the difficult conditions experienced by.   LINK
[tlm724] The Central Bank of Iraq, on Monday, ready for the application of the electronic payment system and the launch of e-dinar about contributing up to deal with the banks and reduce the problems of the cash deal
[tlm724] *hallelujah*
[tlm724] The central bank was prepared infrastructure for payment systems that allow the application of electronic payment for the collection or adjustments to the different agencies, including the state departments mechanism”
[tlm724] noting that “the infrastructure done by the Bank will provide ample space to enter the collection and electronic payment and use the card systems e.
[tlm724] oh that is so sweet   Wink  we have waited a very long time to see this system !
[tlm724] that “the central bank will launch e-dinar soon to facilitate the payment of money by mobile phone,”
[tlm724] they are pushing to get the peoples money in the banks , would help to insure that money chop chop with that deposit law
[tlm724] that “the Bank will recommend the government to deposit employees’ salaries of all government and private banks during the next term in a move that will connect millions of new people to banks
[tlm724] “ten percent of citizens only on relationship banking and financial institutions currently.
[tlm724] gee I wonder why  Rolling Eyes
[tlm724] The House of Representatives is keen to legislation all the associated financial and economic matters,”
[tlm724] “the Commission will accelerate necessary for the application of the electronic financial systems and legislation of laws.
[tlm724] accelerate away !!!!
tlm724
that the banking sector the most important economic development axes, for providing the necessary liquidity for investment projects, which requires sound management of liquidity banks away from the scarcity shortage, which some might face from the banks.
Deposit Insurance pointed Jaber to speed up work on legislation to ensure law deposits, which encourages the currency bloc chunky transfer in homes to private banks, because it provides the necessary rights of depositors guarantees and creates bridges of trust between the parties to the process and achieve significant economic feasibility of the country by employing money chunky in investment projects that benefit all parties.
He said that the size of the Iraqi economy requires provide all banking systems, which indicate the movement of funds meticulously, pointing to the existence of sophisticated technology adopted by the international banks prefer to work on the transfer to Iraq in the coming period.
http://www.bondladyscorner.com/t161836-call-for-the-adoption-of-an-effective-policy-for-the-management-of-liquidity
Shredd:    This proves the maturation of Iraq’s economic policy. The financial infrastructure needs to be in place when Iraq moves to a market economy. Great news!
http://www.bondladyscorner.com/t161813-the-central-bank-is-preparing-to-launch-the-e-dinar-recommends-depositing-the-salaries-of-all-employees-in-banks