The central bank goes beyond the red lines

Samir al-Nusairi «Economy News»
 Articles
Samir Al Nusairi *

More than a month ago, the seeds of reform in monetary policy began to bear fruit and the cash market began to feel the results of the sound monetary policy applications adopted by the bank two years ago. These successes appeared in monetary stability, recovery of the Iraqi dinar and its appreciation against the dollar exchange rate. Due to Iraq’s unstable political, economic and security conditions. Surprisingly, however, the appreciation of the Iraqi dinar continued despite electoral rivalries, US threats to Syria, a turbulent regional situation and the impact of Turkish and Iranian currencies. And the decrease in value compared to the Iraqi dinar and thus exceeded the red lines, and that the target set by the Central Bank is to reach the exchange rate of 1200 dinars per dollar has already been achieved, which will be reflected on the decline in demand for the dollar in the window selling the currency and the parallel market in addition to the rise in oil prices, Revenue reduces the deficit in “This confirms that the central bank and the banking sector played a key role in overcoming the economic and financial crisis, and supporting the state treasury and methods, procedures and new instruments in the application of monetary policy,” mainly emphasizes the fight against money laundering and terrorism financing, and strict adherence to international regulations and rules and standards and re-evaluation And the classification of banks in the light of the extent of their compliance with the compliance regulations and identify the last beneficiary in the window selling foreign currency and the work of new mechanisms in the pre-emptive control internally and externally led to higher value and purchasing power of the Iraqi dinar, Emerged as the reasons for the recovery of the Iraqi dinar is the plan and procedures for the central bank and cooperation with the banking sector and comply with the instructions and standards issued by the Central Bank. This confirms that the Central Bank and the banking sector played a key role in overcoming the economic and financial crisis, and supporting the state treasury and methods, procedures and new instruments in the applications of monetary policy, “mainly emphasizes the fight against money laundering and terrorism financing, and strict adherence to international regulations, rules and standards, The light of the extent of its compliance with the compliance regulations and determine the last beneficiary in the window of sale of foreign currency and the work of new mechanisms in the proactive control internally and externally led to higher value and purchasing power of the Iraqi dinar and this means that one of the main reasons forThe Iraqi Dinar is the plan and procedures of the Central Bank and the cooperation of the banking sector with it and abide by the instructions and standards issued by the Central Bank. This confirms that the Central Bank and the banking sector played a key role in overcoming the economic and financial crisis, and supporting the state treasury and methods, procedures and new instruments in the applications of monetary policy, “mainly emphasizes the fight against money laundering and terrorism financing, and strict adherence to international regulations, rules and standards, The light of the extent of its compliance with the compliance regulations and determine the last beneficiary in the window of sale of foreign currency and the work of new mechanisms in the proactive control internally and externally led to higher value and purchasing power of the Iraqi dinar and this means that one of the main reasons for The Iraqi Dinar is the plan and procedures of the Central Bank and the cooperation of the banking sector with it and abide by the instructions and standards issued by the Central Bank.

Bank Advisor

 

http://economy-news.net/content.php?id=11931

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URGENT The start of the propaganda campaign for the 2018 parliament elections

 

Release Date: 2018/4/14 0:00 • 34 times scheduled
(Baghdad: Al-Furat News) officially launched on Saturday, April 14, the media campaign of coalitions and political parties participating in the electoral process and candidates for the parliamentary elections scheduled for 12 May next.
The campaign ends according to the Electoral Commission 24 hours before the start of the polling day to allow candidates to announce their electoral programs and introduce themselves to the voters.
The Commission said in a statement on Thursday that it would “take legal measures to implement the penalties stipulated in the electoral law and implement the provisions of the electoral campaign system No. 11 of 2018 for those who violate the campaign controls in accordance with Article 22 of the said system.”
And called on all coalitions, parties and candidates to cooperate with the Electoral Commission and the commitment to apply the vocabulary and controls of the electoral campaign system.
The Electoral Commission has approved the lists of candidates of 7188 candidates.
The National Wisdom Stream will begin with a new policy called the Blue Wave followed by electoral campaigns that save the capital Baghdad and the rest of the provinces from distortion and random publication.
And for the first time since the first elections in Iraq after 2003, dare a political trend and risk not to publish his propaganda campaign in the streets of cities, including the capital Baghdad, in order to preserve the taste of the year.

 new adjustment economy with the salaries of a security force in Kurdistan

 

New amendment of salaries of the security force in Kurdistan
 one hour ago

The Kurdistan Democratic Party bloc in the parliament of Kurdistan, on Friday to reduce the proportion of saving the salaries of the unit of protection of officials according to the new amendment of the savings system.
The bloc said in a statement that the Ministry of the Interior agreed to reduce the rate of saving the salaries of the unit to protect officials in the region, pleased with the government’s amendment of the system of saving and raise the salaries of employees.
The statement added that the unit to protect officials in the region will be paid salaries in accordance with the new amendment of the system of saving salaries of staff in the region.

Financial Region announces new list of salaries

Editorial Date: 2018/4/13 12:53

[Ayna-Baghdad]

An official source in the Ministry of Finance in the Kurdistan Regional Government, on Friday, announced the announcement of a new schedule for salaries of staff of the region on Saturday.

Twenty-four ministries and agencies in the provincial government have received their salaries, while 17 ministries and agencies are waiting to receive salaries.

The source said in a press statement that the Ministry of Finance will issue on Saturday, April 14, 2018, a new list of salaries of employees of the region, “pointing out that” some ministries have not yet sent their payrolls to the Ministry of Finance. ”

He added that” Of the ministries and agencies that did not receive salaries in the first month of this year. ”

The provincial government has inaugurated on April 5, the distribution of salaries of employees of the region, according to the new amendment of salaries after the launch of the federal government.

http://www.alliraqnews.com/modules/news/article.php?storyid=72676