Central Bank distributes Iraqi funds abroad between different banks
[tlm724] the CBI has taken a series of measures recently aimed at protecting the money and deposits Iraq out of the country,
[tlm724] wanna see what they did ?
[tlm724] Bank for International Settlements enjoys immunity high and offers free high investment and Aymanh this opportunity, but central banks into confidence BAGHDAD / obelisk: Central Bank of Iraq announced that he Light Bank for International Settlements in Basel to increase investments has announced his agreement to invest another billion dollars for this year.
The statement said the bank had received "obelisk" a copy of "The CBI has approached the Bank for International Settlements in Basel to increase investments has announced his agreement to invest another billion dollars for this year."
The statement said the Bank for International Settlements enjoys immunity high and offers free high investment and Aymanh this opportunity, but central banks into confidence. " The Bank for International Settlements announced the end of last year, his willingness to accept more deposits Iraq has within the bank's balance sheet for the year 2014.
[tlm724] "The CBI has approached the Bank for International Settlements in Basel to increase investments has announced his agreement to invest another billion dollars for this year
[tlm724] another billion dollars Wink
IRAQ: ECONOMIC DEVELOPMENT, THE OIL SECTOR, AND MEMBERSHIP OF THE WORLD TRADE ORGANIZATIO (WTO)
[tlm724] In the longer term, Iraq’s stability and prosperity will depend on how successful it is in establishing a sustainable base in agriculture, in industry, and in services
[tlm724] meeting the basic needs of a population deprived for a long time, ya think
[tlm724] and its aspiration for a sustainable higher standard of living, chop chop !
[tlm724] erroneous development strategy
[tlm724] The country may, on the surface, look strongly linked to the world economy.
[tlm724] the trick is to activate these sectors and follow the plan laid out before them, action is the only way !
[tlm724] Thus, Iraq’s membership in the WTO would allow her to pursue its own interest inside OPEC and the WTO,
The timing of the accession to the WTO would also coincide with laying down the economic foundations of a free, federal, and democratic Iraq. Most of the old institutions, laws, legislation, and rules that governed the Iraqi economy for more than half a century would have to be reviewed and updated.
[tlm724] this is what BondLady has said since the day I joined ! They MUST have the laws in place and this is exactly what the hold up is !
[tlm724] The delay in membership of WTO has been at a considerable disadvantage to Iraq.
[tlm724] Failing to integrate its economy effectively in the world economy is both the cause and the result of Iraq’s economic stagnation and inefficiency
[tlm724] Membership of the WTO and integration in the global market would call for reviewing and updating many of the rules and regulations that govern the Iraqi economy. It would provide the needed solid foundation for its sustainable development.
[rsp1] There are quite a few laws and rules needing to be updated...as stated in that article.
[tlm724] rsp1 yes and that can be corrected as well as we see them (the CBI) making the right moves to help the economic side !
[rsp1] tlm724 We sure do...progress IS being made on a daily basis.
[tlm724] rsp1 indeed !
[Shredd] Iraq is extremely homogeneous regarding it's output being oil is all they have. As drilling and external dependency numbers are in flux, Iraq needs to be a more balanced economy and diversify. They are working on it but not sure how much of a factor this is for WTO membership.
Parliamentary Finance: Iraq's economy loses six billion dollars a month, and the year the investment was lost for the delayed budget
[tlm724] Iraq's economy loses six billion dollars a month
[tlm724] because of the delay in approving the budget for the current year fiscal 2014.
[tlm724] domino effect on the coming years
Baghdad's Central Bank prints a new currency not repeal cards window ... And «freedom monument» tractor» instead of «Ibn al-Haytham»!!
[tlm724] launch of the new edition does not mean abolishing the old
[tlm724] «the new currency that will go on the market does not mean that it would abolish the old currency in or out, but both currencies will be traded. *hallelujah*
[rsp1] It's good to see these articles on the new currency
[tlm724] rsp1 yes it is !
Economist calls into question the accuracy of the report of an international
Slogan of the International Monetary Fund as it appears on the Washington-based xSlogan of the International Monetary Fund as it appears on the Washington-based
[tlm724] 2020 to eight million barrels per day *wolfwhistle*
[tlm724] but the increase is now moving at an accelerated pace *mission*
[tlm724] "necessity of activating the agricultural and industrial sectors and tourism to be Iraq, then at the forefront of global economic
[tlm724] it's gotta be a package deal Wink those ^^^ plus oil
[tlm724] the IMF is showing them all they can be, they just gotta catch up !
On April 17 .. Iraqi Businessmen Union held the General Conference ((just a reminder Wink BL))
[tlm724] that the most important topics to be discussed activate the Iraqi economy and the system of Iraqi banks and Iraq's accession to the World Trade Organization
[tlm724] that the EU aims to adopt new options for increasing the effectiveness of the private sector in the exercise of economic activity in Iraq
[tlm724] and what did we see the other day, the World Bank opening a center for private investment !!
[rsp1] When Iraq finally meets the goal, *wow* they are gonna go gang busters!!!
[tlm724] even though some days it feels like Iraq isn't doing sh.. in reality they are !
Basra launches project to produce 500 million cubic feet of gas
[tlm724] they need that ^^^^
[tlm724] is a clear testimony to the focused efforts and insist on burning gas investment in Iraq and turn it into energy reliably serve the interests of the country and its people
[tlm724] He also states that Iraq imported gas from Iran to secure its stations need electricity gas, despite what has quantities of "enormous" of this natural wealth that go down the drain as a result of burning or not to invest