Iraq Economic News and Points to Ponder Sunday Evening 1-14-24
Iraq Economic News and Points to Ponder Sunday Evening 1-14-24
Tlm724 Administrator Bondlady’s Corner
Integrity: We Will Begin To Open The File Of Money Inflation And Activate The Campaign (Where Did You Get This From?)
Local | 01/14/2024 Mawazine News – Baghdad The head of the Federal Integrity Commission, Judge Haider Hanoun, confirmed today, Sunday, the imminent start of opening the file of money inflation and activating the campaign (Where did you get this from) in the governorates.
Judge Haider Hanoun said, during his meeting at the headquarters of the Investigation Department with the directors of the authority’s investigation directorates and offices in Baghdad and the governorates, and followed by Mawazine News, that “it is important to focus on the level of performance and ensure its continued improvement in quantity and quality.”
He pointed out, “the necessity of following up on the investigative, auditing and investigative staff and monitoring and evaluating their work.”
He praised “the achievements achieved by them in the past year, pledging “to provide them with full support to enable them to accomplish their assigned tasks.”
Hanoun pointed out “the necessity of finding clear and accurate job performance standards through which the performance of investigative and audit staff can be evaluated, and through which the performance of investigative and audit staff can be rewarded.” Those with businesses with a high level of performance.”
He pointed out that “the amount of funds maintained or returned to the state treasury and the positions of those being investigated or arrested should be placed at the top of the list of those standards.” He
added that “the authority will begin opening the file of money inflation and activating (Where did you get this from) campaign in the governorates through the investigation directorates and offices of the Commission,” pointing to “the achievements achieved in this file since it was opened in April of last year.”
He stressed “the importance of coordination and cooperation between the Commission’s investigators and investigative judges and what results from this cooperation.” Among the major outcomes, one of which was doubling the number of flagrante delicto arrests and the number of arrested defendants.”
He urged “following up on criminal cases, starting from referring them to the judiciary until the appropriate ruling decisions are issued,” stressing “the importance of the judiciary’s supervision of the work of the Commission’s investigators.”
He praised "the presidency of the Supreme Judicial Council, which he described as keen to combat corruption and resolve cases without delay." https://www.mawazin.net/Details.aspx?jimare=240419
Al-Sudani: It Is Time For International Organizations To Help Iraq In Combating Corruption
Political | 01/14/2024 Mawazine News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani confirmed, on Sunday, that a set of firm measures had been taken to strengthen the government’s efforts in combating corruption and financial oversight in the country.
Al-Sudani said in a press conference followed by Mawazine News: “Government agencies were obligated to provide the necessary financial data to complete the monitoring and auditing procedures,” noting “the importance of collecting and analyzing this data to ensure that public funds are used effectively in accordance with controls and laws.”
In the context of strengthening legal tools, the Prime Minister announced "the preparation of projects to amend relevant laws and issue instructions to combat corruption."
Regarding international relations, the Prime Minister referred to “the importance of other countries’ cooperation in recovering public money and extraditing wanted persons.” In this regard, he stressed that “partner countries must implement the necessary measures for effective cooperation in this context.”
At the conclusion of his statements, the Prime Minister called on international organizations to "help Iraq fight corruption," stressing that "Iraq has accomplished all necessary legal means, and that the step now falls to other countries to implement procedures related to the return of wanted persons."
https://www.mawazin.net/Details.aspx?jimare=240388
The Dollar Declines Again On The Erbil And Baghdad Stock Exchanges
Economy | 01/14/2024 Mawazine News – Baghdad Dollar prices continue to decline in the parallel markets within the Baghdad and Erbil stock exchanges.
A source told Mawazine that dollar prices fell with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 152,800 Iraqi dinars against 100 dollars, while yesterday, Tuesday, prices were 152,700 dinars against 100 dollars
He pointed out that the selling prices in the exchange shops in the local markets in Baghdad decreased, as the selling price reached 152,250 Iraqi dinars, while the purchasing price reached 152,750 dinars for every 100 dollars.
As for Erbil, a decrease was also recorded in banking shops, and the selling price reached 152,700 dinars against the dollar, and the purchase price reached 1,521,000 dinars against 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=240368
The Main Options For Iraq To Form A Mixed Economy In The Middle East And Oil Countries
Researcher In Development And Financial Affairs, Aqeel Jabr Ali Al-Muhammadawi -
Aqeel Jabr Ali Al-Muhammadawi* introduction …It is possible to explore the main options for forming a mixed economy in the Middle East and oil countries, transforming from a rentier economy to a mixed economy, as is happening in the Gulf countries (and the model proposed in Iraq by benefiting from Arab and international experiences).
The experience of the United States emerging from the Great Depression and creating preconditions for sustainable growth, the concept of the social market system in Germany and the origins of the post-war miracle in Japan are considered. In the modern era, the mixed economy boom model in the People's Republic of China
The main options for forming a mixed economy in developed countries
The beginning of the transformation of the growth of the market economy into a mixed economy (based on the Great Depression that occurred in the United States and some countries of the world).
We review models of economic transformation and development The development of state regulation of the economy as a “response” to the “challenge” of the Great Depression is both general and specific.
The economic crisis manifested itself primarily in a sharp decline in industrial production. In 1930 it was 80.7% compared to 1929, in 1931 it was 68.1%, and in 1932 it was only 53.8%.
The decline in capital investment was greater than the decline in gross national product. Companies sharply reduced investment, as demand for their products fell, production facilities were idle, and there was no money.
The number of completely unemployed in 1933 was 12.8 million people, or 25% of the total number of employees (Fig. 15-2). After being dispossessed and evicted for non-payment of rent, hundreds of thousands of workers were turned into beggars and homeless vagrants. Many faced the real threat of famine and poverty. In New York alone, about 2,000 deaths due to hunger were reported in 1931.
The Great Depression can rightly be called one of the most inexplicable events in the history of the United States. Traditionally, the Great Depression has been referred to as a confirmation of the negative impact of the illiberal capitalist system. Organizer.
Only a strong welfare state, serious economic regulation, and various state interventions can save capitalism from itself, according to the invincibility and sobriety of the economic approach followed.
During the Great Depression, state intervention in the economy was stronger than ever. The Federal Reserve Bank was created and established specifically to prevent depression and related problems (for example, widespread banking panics). But the Fed's policy was not always reasonable, and even, according to some relevant versions and publications, it can be said that this unsuccessful policy provoked and exacerbated the Great Depression.
In the article “Predicting Depression for the Capitalist Economy: Harvard vs. Yale” A. Dominguez, A. (Me and Fire). Shapiro shows that modern time series methods will not make it possible to predict a strong decline in output after the collapse. For the public and business circles in the 1920s Harvard and Yale were the main sources of economic analysis and forecasting.
F.D. Roosevelt's "New Deal" was the first experiment in integrated macroeconomic regulation of a market economy. The major crisis and the "revolution of the rulers." The emergence of Keynesianism. JM Keynes and the reorientation of the economy towards personal consumption. Creating preconditions for long-term sustainable growth. Keynesian theory and practice.
- Germany: The concept of the social market system
The emergence of fascist regimes as a result of the Great Depression. Including the fascist model of the command economy.
Reforms by L. Erhard - Formation of a social market economy. The role of the state in creating an institutional environment conducive to business development. "A German miracle." The Rhine model of capitalism.
As well as the organization of German industry. The nature of scientific and technological progress and structural changes in the economy. Entrepreneurship and trade unions. Collective bargaining system. Collective institutions. The role of the state. Problems of the German economy after the unification of Germany. The strength and weakness of the German economy.
- And Japan: The Origins of the Postwar Miracle
Foreign Economic Activity in the 1940s and 1950s Until the 1960s, Japan had government measures of exchange controls, import licensing, and strict monitoring of a very limited number of banks serving foreign trade.
In fact, the growth of foreign trade was a clear reflection of the success of domestic economic development, a clear manifestation of the Japanese economic miracle.
The role of the Meiji Revolution. The birth of the "Japanese miracle".
The development of Japan after the war. Factors of rapid economic growth. The role of the state in modernizing the economy. Industry and organizational structure of modern Japanese industry. Public Finance. Economic policy planning. System of relations in production. Competition motives. A mixture of tradition and modernity. The strength and weakness of the Japanese economy after the war.
- The experience of the United States of America: the experience of overcoming the Great Depression and creating preconditions for sustainable growth -
Helping students in studying the basic provisions of competition theory and methodological tools for managing the competitiveness of an enterprise. This introduction aims to study competitiveness to know the basic principles of a new, advanced, flexible and responsive methodology for microeconomics, industrial economics, market economics/productivity of industry, trade, markets, and other economic markets according to methodological, objective, standard, and realistic foundations in Iraq.
Source: Accumulation of knowledge based on a summary of various foreign sources.
Views 36 01/14/2024 https://economy-news.net/content.php?id=39427
A Precise Breakdown Of Monetary Policy In Iraq
Time: 01/14/2024 Read: 1,560 times {Economic: Al-Furat News} The economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained today, Sunday, the mechanism of monetary policy in Iraq.
Saleh said {to Al-Furat News} that: “The monetary policy works to ensure that the price of the dollar in the parallel market is close to the nominal price through procedures and measures by using its operational objectives, whether {quantitative} of them, that is, by controlling and sterilizing surplus liquidity opportunities with high flexibility.”
He added, "Or the {price} that requires effective use of the exchange rate and interest rate signals in order to maintain the superiority of the Iraqi dinar, stabilize its value in the overall economy, and minimize the role of the secondary exchange market, which must approach the central exchange rate of 1,320 dinars per dollar."
Saleh added, "Providing the national market with consumer and intermediate commodity products and supplies with stable prices will be among the government's import priorities, whenever necessary, in order to achieve a balance between supply and demand and achieve price stability for basic and important commodities, in accordance with the requirements of a stable standard of living." LINK
Iraq's Oil Exports To America Decreased Last Week
Sunday 14, January 2024 09:30 | Economical Number of readings: 473 Baghdad / NINA / The US Energy Information Administration announced a decline in Iraq’s oil exports to America during the past week.
The administration said in a table: “Iraq’s oil exports to America amounted to 192 thousand barrels per day last week, down by 47 thousand barrels per day from the previous week, which reached an average of 239 thousand barrels per day.”
The table showed that “most of America’s oil revenues during the past week came from Canada, followed by Mexico, Saudi Arabia, Brazil, Colombia, Nigeria, and Ecuador, while it did not import any quantity from Russia or Libya.”/ https://ninanews.com/Website/News/Details?key=1100853
Central Bank Sales Exceed $219 Million Today
Sunday 14, January 2024 | Economical Number of readings: 329 Baghdad / NINA / The Central Bank of Iraq announced, today, Sunday, its total sales of foreign currency through the electronic window.
The window recorded the total amounts of transfers abroad (remittances, credits) of $209,269,090, while the total amount of cash sales amounted to $10,680,000, bringing the total amount of sales to $219,949,090.
The cash selling price was 1,305 dinars per dollar, while bond credits, international electronic card settlements, and foreign transfers were at 1,310 dinars per dollar. /End 11
https://ninanews.com/Website/News/Details?key=1100892
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Provoking Points To Ponder on Adversity:
To be tested is good. The challenged life may be the best therapist. - Gail Sheehy
I think hearts are very much like glasses - if they do not break with the first ring, they usually last a considerable time. - L. E. Landon
Your first big trouble can be a bonanza if you live through it. Get through the first trouble, and you'll probably make it through the next one. - Ruth Gordon
http://famousquotesandauthors.com/topics/adversity_quotes.html
Famous Quotes and Authors, Famous Quotations for all Occasions-