KTFA Members Thursday Afternoon 7-8-2021

Dinar Recaps: Our prayers and condolences to Eagle1’s friends and family. May he rest in peace.

KTFA:

Frank26:  GREETINGS FAMILY ..........IT IS WITH A HEAVY HEART THAT I REPORT TO YOU THAT JUST A FEW HOURS AGO OUR BROTHER IN CHRIST REGNER ALSO KNOWN AS EAGLE1 HAS GONE HOME TO BE WITH OUR HEAVENLY FATHER.

PLEASE KEEP HIS WIFE AND FAMILY IN YOUR PRAYERS.

WE WILL MISS YOU BROTHER REGNER BUT IN THE BLINK OF AN EYE.......WE WILL BE WALKING WITH YOU ON THOSE STREETS OF GOLD BUT UNTIL THEN...........WE REMAIN STRONG IN CHRIST FOR OUR SALVATION AS WE SEEK THE GLORY AND GRACE OF GOD UPON US....................................AND THE GOLDEN ROAD OF GOD'S PATH FOR OUR LIVES...........AMEN. FRANK26

Don961:  Abdul-Hussein: The Iraqi economy has gone through several stages, which made it rentier and dependent on oil

Abdul Hussein: There is an increase in population growth by 3% annually and our resources are limited
Abdul-Hussein: The white paper included analyzing and diagnosing economic problems and identifying effective solutions

Abdul-Hussein: We are working with the various ministries to identify projects for the official announcement of the actual implementation of the White Paper

Abdul-Hussein: Very soon, the implementation of the white paper will actually be announced

Abdul-Hussein: There are central and sub-committees to implement the white paper

Abdul-Hussein: The projects included in the white paper are of a professional, not political, character

Abdul-Hussein: The continued rise in oil prices is almost able to bridge the budget deficit

Abdul Hussein: Reducing the dollar exchange rate is unlikely because it was approved in the budget link

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Don961:  The Iraqi government decides to reduce the exchange rate of the dollar

Posted 54 seconds ago 10,513 Policy 2021/07/07
22:58 Baghdad today - Baghdad

Today, Wednesday, the economic advisor to the Prime Minister, Alaa Abdel Hussein, ruled out decreasing the dollar exchange rate because it was approved in the budget.

Abdul-Hussein said, in a televised statement, followed by (Baghdad Today), that "the continuation of the rise in oil prices is almost able to bridge the budget deficit , " noting, " Over the past decades, Iraq has suffered from economic problems, as the Iraqi economy has gone through several stages of what Make it rentier and dependent on oil.”

He pointed to "an increase in population growth by 3% annually, and our resources are limited," noting that "the white paper included analyzing and diagnosing economic problems and identifying effective solutions, as the government is working with various ministries to identify projects for the official announcement of the actual implementation of the white paper."

He stressed, "The announcement of the actual implementation of the white paper will be soon, as there are central and sub-committees to implement the white paper, which includes projects of a professional and not political nature." LINK

Samson:  Experts: The implementation of the white paper needs an appropriate economic environment

7th July, 2021

An advisor to the Federal Prime Minister revealed that the white paper will be effectively implemented, while experts stressed the need to create an appropriate economic environment before the implementation begins. 

The Iraqi News Agency quoted the Prime Minister's economic advisor, Alaa Abdul Hussein, as saying that "the white paper included analyzing and diagnosing economic problems and identifying effective solutions," noting to work "with the various ministries to identify projects for the official announcement of the actual implementation of the white paper," stressing "very soon."

The actual implementation of the white paper will be announced," he said, noting that "there are central and sub-committees to implement the white paper," noting that "the projects contained in the white paper are of a professional, not political, character."

For his part, the head of Iraqi businessmen, Daoud Abdul Zayer, stressed that the white paper needs an economic environment, take decisions and issue legislation to improve this environment. 

In an interview with PUKmedia, Daoud Abed Zayer said that today, Thursday, "the economic approach found in the white paper needs an investment economic environment and requires decisions and some legislation to improve this environment," noting that "there are problems diagnosed and solving them through the white paper requires work, After this work is done, the results are visible."

He added, "When we say we start, what do we start with? We have a non-economic environment and there is extravagance, corruption and misplaced support, and we need to amend some laws, and on this basis the results of the white paper will appear." 

He believes that squeezing government spending and bringing it to sufficiency of government revenues is the white paper that the state was supposed to adopt, and not on the basis of receiving oil revenues and converting it into operational and spending budgets, stressing that a plan was supposed to be drawn up to curb government and operational spending as much as internal resources and adopt On oil resources in developing the national economy through major projects that absorb unemployment and graduates.

For his part, head of the Media Center for Media Development, Adnan Al-Sarraj, believes that the white paper did not take sufficient space for explanation and discussions. 

Al-Sarraj said in an interview with PUKmedia, that the white paper is an attempt by Prime Minister Mustafa Al-Kazemi and his economic and financial team, as he presented it from the first day he took over the premiership, noting that this white paper did not take sufficient space for explanation, discussions and in-depth studies by economic specialists, whether In Iraqi universities, research centers, or at the level of international studies, to compare them with other experiences. 

He added that he did not fully disclose the terms of the white paper, and ambiguity is the dominant position in the interpretation of the white paper, and some of the items that were announced were subjected to severe criticism from other powers, in addition to the lack of comprehensiveness of the white paper with the time limit and the nature of international relations and other measures.  He added that there were attempts to link the white paper to the processes of changing the value of the dinar against the dollar, issues related to housing, and areas related to supporting the retired and the poor, and others, but this was not in the way that the citizen aspires to. 

On October 14, 2020, the Federal Council of Ministers approved new mechanisms for economic reform called the "White Paper", which he said includes "hundreds of measures to revive the Iraqi economy" and invest the country's "enormous resources" in a "scientific way". And the government spokesman at the time, Ahmed Mulla Talal, announced that the white paper extends to 100 pages, and its implementation period is supposed to be 3-5 years.  LINK