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 Central and economic confrontation with SK DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central and economic confrontation with SK

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 Central and economic confrontation with SK Empty Central and economic confrontation with SK

Post by claud39 on Sat Apr 18, 2020 7:53 am

 Central and economic confrontation with SK


04/18/2020





 Central and economic confrontation with SK 20246





Samir Al-Nassery



Since the beginning of the last quarter of 2019, Iraq has been going through serious and complicated political and economic conditions and challenges to which the repercussions of the spread of Corona virus have been added in most of the countries of the world, including ours. Here we are concerned about the state of the Iraqi economy in the current circumstance and how it will be able to overcome the economic and financial crisis expected in the coming months.

And since the central banks in the countries of the world mainly aim to achieve economic stability and overcome the challenges of instability in the monetary system and financial system through their programs and strategy and confront crises, challenges and economic shocks in particular. And work according to the tools and methods of monetary policy in achieving the required support for national economies.

This is what is happening now. Most of the central banks in the world have drawn up proactive plans to counter the effects of Corona on the global economy, have allocated allocations and treatments in monetary policy applications, and have unified the world's economies in support of the orientation of central banks. To revitalize the economy.

And what is happening now is the efforts of the oil producing countries to address the low prices and try to return to prices close to 50 dollars a barrel after agreeing to reduce production by 10 million barrels per day.

All the international measures taken by the countries of the world. Previously used by the Central Bank of Iraq during the economic and security shocks after 2015 and had experience of success in supporting the national economy and achieving economic resilience.

According to a press statement of the Central Bank by taking immediate decisions to enhance the liquidity of banks by one trillion dinars by reducing the percentage of banks' legal reserve with the Central Bank, postponing penalties and fines, activating their investments with the bank and other important decisions to stimulate the economic cycle and granting a fundamental role for the banking sector in supporting the government effort to overcome the current circumstance, an initiative is added to it To make a donation to support the Ministry of Health in the face of the epidemic and to postpone the monthly installments of borrowers from the SME Funding Initiative.

From my vision as an observer and a follower of the current economic situation and the country is about to form a new government whose primary goal will be to overcome our economic and epidemiological crisis. I can say that the central bank with its issued decisions has started the corresponding attack in support of the national economy and is determined to experience a new success in managing its distinguished national team 

 Because I see that the problems of Iraq lie in the economic solution and this solution is in the hands of the Iraqi Central Bank. Therefore, I call on the politicians, please leave the central bank independent and do not interfere in its economic plans and procedures and make it outside of your accounting accounts and political interactions.





claud39
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 Central and economic confrontation with SK Empty Centralization and economic confrontation

Post by claud39 on Sat Apr 18, 2020 9:08 am

[size=36][rtl]Centralization and economic confrontation[/rtl][/size]




Friday, April 17, 2020





 Central and economic confrontation with SK 980-Alsabbaq






Samir Al-Nassery
 

Since the beginning of the last quarter of 2019, Iraq has been going through many complicated political and economic conditions and challenges to which the repercussions of the spread of the Corona virus have been added in most of the world countries, including ours, and the consequent effects on the global economy and the sharp drop in world oil prices by 50 percent compared to its prices before the epidemic spread .



What concerns us here is the state of the Iraqi economy in the current circumstance and how it will be able to overcome its economic and financial crisis expected during the coming months, since the central banks in the countries of the world mainly aim to achieve economic stability and overcome the challenges of instability in the monetary system and the financial system through their programs and strategies and facing crises and challenges Economic shocks in particular, and working according to monetary policy tools and means in achieving the required support for national economies. 



This is what is happening now, as most of the central banks in the countries of the world have drawn up proactive plans to confront the effects of corona in the global economy and have allocated allocations and treatments in the applications of monetary policy and unite the world economies in support of the orientation of central banks and the G-20’s decision in its last meeting to pump $ 5 trillion in Global market to revitalize the economy. And what is happening now is the efforts of the oil producing countries to address the low prices and try to return to its prices near 50 dollars a barrel after agreeing to reduce production by 10 million barrels per day.



All the international measures taken by the countries of the world were previously used by the Central Bank of Iraq during the economic and security shocks after 2015 and had experience of success in supporting the national economy and achieving economic resilience.



According to a press statement of the Central Bank by taking immediate decisions to enhance the liquidity of banks by one trillion dinars by reducing the percentage of legal reserves for banks at the Central Bank, postponing penalties and fines, activating their investments with the bank and other important decisions to stimulate the economic cycle and granting a fundamental role for the banking sector in supporting the government effort to bypass the current circumstance, its initiative is added to it To make a donation to support the Ministry of Health in the face of the epidemic and to postpone the monthly installments of borrowers from the SME Funding Initiative.



And from my vision as an observer and a follower of the current economic situation and the country is about to form a new government whose primary goal will be to overcome our economic and epidemic crises, I can say that the central bank with its issued decisions has started the corresponding attack in support of the national economy and is determined to experiment with new success, because I see that Iraq’s problems lie In the economic solution and this solution is in the hands of the Central Bank of Iraq. Therefore, the Central must be granted freedom to implement its economic plans and procedures.









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