Saturday, October 30, 2010

Iraq - The Economic Objective (CBI and Ministry of Finance) ...

October 30, 2010

The economic objective

حسن الربيعي Hassan al-Rubaie (this guy isn't trustworthy fwiw)

Central Bank will have the task of formulating monetary policy for the country while the Ministry of Finance of fiscal policy management functions and affairs of the country on public budgets in both its operational and investment.

Both machines, the two governments Almokhtassan finance fi strongly and go hand in hand in their plans and their policies with a view to the success of the economic objective and the achievement of development rates and curb inflation, and any intersection or otherwise in the visions of economic and Vlsvethma lead to an imbalance in the processes of balance and making the financial policies and may create disturbances at the level of control on a platform of the country's economic and growth plans and thus reflected in the standards of living due to the instability of the value of the currency and volatility constantly about the goods and services undermines the aspirations and objectives of both sides, so it is careful to match the paths of fiscal and monetary gives fruit Sraeip and ...


increases the strength of the economy and after a lot of lapses and crises that might occur due to intersections in the two policies fiscal and monetary. and on the deletion of zeros, for example, the Iraqi currency, and raised them varied views and heated disputes regarding the lack of a suitable climate for the step and it's a step will not add anything to the currency's strength or contribute to the financial stability required in addition to the need for money for the printing of new currency as well as with respect to the accounts losses and disputes expected to accompany this project and this we believe the axioms are well known to anyone except What is needed is a uniformity of thinking and the need for advanced preparation of the draft fact that the rolling of the currency grows and blocks no longer trucks capable of carrying and there are significant losses in the area of preference for the dollar, even if purchased at a price greater than the prices traded, as well as a depletion of physical processes Copyright constant due to rupture of the banknotes and replace it in these terms to be forming a committee of specialists from the Council of Ministers and Central Bank and the Ministry of Finance and Banking experts and academics to create and prepare the project and benefit from the experiences of other countries proceeded to step, such as Turkey and the countries in Latin America and other countries in the world had previously taken steps similar to what we may be in the future.

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