Pharmacist: Calls on the government to establish the rules of monetary independence and contribute to reducing the cost of living and fighting currency monopoly brokers

by **claud39** Sun Mar 03, 2019 1:44 pm

http://wattaennews.net/archives/20179

Pharmacist: Calls on the government to establish the rules of monetary independence and contribute to reducing the cost of living and fighting currency monopoly brokers

03 March 2019

Pharmacist: Calls on the government to establish the rules of monetary independence and contribute to reducing the cost of living and fighting currency monopoly brokers Screenshot

A member of the Iraqi Council of Representatives Dr. Mohammed Iqbal al-Sidli that the absence of strategic planning in the monetary policy of the Central Bank was the cause of the deterioration of investment rates and economic development during the past years.
In a statement issued by his media office, Iqbal said in a statement issued by his media office that the weak coordination and harmony between macroeconomic and unilateral policies and the infiltration of financial, administrative and economic corruption in most government institutions and the lack of control over the outlets of the sale of currency and prevent smuggling outside the border the latest state of economic stagnation, calling on the government to re-review the plans of the Central Bank In the sale of cash currency and in line with the actual need of the Iraqi market in light of indicators of daily import balance of goods and raw materials.
A member of the parliamentary strategic planning committee pointed to the tax size adopted in the general budget revenue at a frightening rate compared to the hundreds of millions that are pumped daily from the window of direct selling, leading to the departure of most of the currency of the pockets of monopolists of the beneficiaries and not to cover the real market need.
The pharmacist also stressed the need to speed up the procedures of regulating the monetary policy of the Central Bank to secure the umbrella of financial and monetary stability and launch investment and resume the development and reconstruction efforts that were included in the federal budget, pointing out that the file will be presented to the Committee to monitor the government program in the coming days and that the Committee will take the necessary measures to prevent this transgression Dangerous.

by **claud39** Sun Mar 03, 2019 2:21 pm

http://alforatnews.com/modules/news/article.php?storyid=190446

[ltr]Deputy attributed the deterioration of investment rates to corruption and currency smuggling[/ltr]

2019/3/3

[ltr](Baghdad: Al-Furat News) Member of the parliamentary strategic planning committee Mohammed Iqbal, attributed the deterioration of investment and economic development during the past years to the absence of strategic planning in the monetary policy of the Central Bank of Iraq and corruption.[/ltr]

[ltr]Iqbal said in a statement received by the agency {Euphrates News} a copy of it today that "the government to establish the rules of monetary independence and contribute to reducing the cost of living and fighting currency monopoly brokers," stressing that "weak coordination and harmony between macroeconomic policies and unilateralism and the infiltration of financial, administrative and economic corruption in most institutions Government and not to control the outlets selling currency and prevent smuggling to outside the border the latest state of economic stagnation. "
He also called on the government to "re-review the plans of the Central Bank in the sale of cash currency and in line with the actual need of the Iraqi market in light of indicators of the balance of daily import of goods and raw materials," noting that "the tax volume adopted in the general budget revenue is at a frightening rate compared to hundreds of millions, From the direct selling window, leading to the departure of most of the currency of the pockets of monopolists of the beneficiaries and not to cover the real market need.
He also stressed the need to accelerate the measures to regulate the monetary policy of the Central Bank to secure the umbrella of financial and monetary stability and the launch of investment and the resumption of development efforts and reconstruction, which was included in the federal budget, "noting that" the file will be before the Committee to monitor the government program in the coming days and the Committee will take measures to prevent This serious transgression[/ltr]