Monday, November 18, 2024
The President Of The Republic Stresses The Need To Develop A Future Strategy For Financial Policy According To Transparent Standards, 18 NOV
The President Of The Republic Stresses The Need To Develop A Future Strategy For Financial Policy According To Transparent Standards
Sunday 17 November 2024 13:06 | Economic Number of readings: 209 Baghdad / NINA / President of the Republic Abdul Latif Jamal Rashid stressed the necessity of developing a future strategy for financial policy according to transparent standards.
The media department of the Presidency of the Republic stated in a statement that "President of the Republic Abdul Latif Jamal Rashid received at the Baghdad Palace, Governor of the Central Bank Ali Mohsen Al-Alaq.
" It added that "during the meeting, plans were reviewed to reform and develop the government and private banking sector, and support the work of the Central Bank, to enhance financial stability and achieve economic development."
According to the statement, the President of the Republic stressed the necessity of developing a future strategy for financial policy according to clear transparent standards that contribute to developing the services provided to the citizen, and building a solid banking sector.
In turn, Al-Alaq reviewed the plans and procedures of the Central Bank aimed at developing the banking sector to play its role in facing economic challenges. / End 11 https://ninanews.com/Website/News/Details?key=1169498
IRAQ STATUS FROM REINALDO JC, 18 NOV
REINALDO JC
Financial Advisor: The good performance of the fiscal space reflects the government’s ability to increase spending without problems, 18 NOV
Mawazine News – Baghdad
The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed on Saturday that the good performance of the fiscal space is a sign of the government’s ability to increase spending without facing financial problems, pointing out that the temporary shortage in the flow of public revenues in some months did not disrupt the government’s work.
Saleh said that “the government’s fiscal policy worked towards the principle of fiscal space in the economy, which means that the pace of public spending, especially on investment projects, was not significantly affected by the temporary shortage in the flow of public revenues in some months.”
Saleh added: “The good performance of the fiscal space indicates the government’s ability to increase spending or provide social support in a way that contributes to supporting the economy without causing serious financial problems such as inflation or large deficits.”
He continued: “This fiscal space is still available when the country’s financial conditions are good, allowing the government to adopt fiscal policies that stimulate economic growth, such as increasing spending on infrastructure or improving social services.”
ABOUT THE NEW PEG FOR THE DINAR BY MNT GOAT, 18 NOV
Mnt Goat
I had an interesting conversation with my CBI contact...Wednesday. We talked about the new peg for the dinar.
The new peg is established and will finally take the place for IQD peg instead the sole de facto peg to the US dollar.
I was told we will shortly see news articles on this subject matter as they educate the citizens...
