TNT
Tishwash:
Iran, Iraq consider killing US dollar in bilateral trades: ambassador
TEHRAN, Aug. 09 (MNA) – In line with the efforts to boost the economic ties between Iran and Iraq, the two neighboring countries are considering ways to include local currencies in their bilateral trades to reduce reliance on US dollar, says the Iraqi ambassador to Tehran.
Sa'd Javad Ghandil said Friday that the two neighbors are holding talks to find the best way to facilitate their financial transactions, including the substitution of the US dollar with Iraqi dinar in bilateral trades.
The Iraqi diplomat once again reiterated his respective government's clear stance against the US' unilateral sanctions against Iran, saying such restrictions are against the international rules and regulations.
Noting that the bilateral trades between Iran and Iraq have not been affected by the sanctions in the past year, Ghandil expressed his country's readiness to increase the level of cooperation with Iran in various economic spheres. link
Cutebwoy:
Iran plans to cancel 700 million banknotes from the rial
Iran's central bank president Abdel Nasser Hamati on Thursday announced a plan to scrap 700 million banknotes of the rial and pump a new edition as part of the toman currency's transformation.
"A plan to cancel 700 million banknotes of the rial and pump a new edition as part of the transformation of the Toman currency," Hamati was quoted as saying by the Fars news agency.
"With the enforcement of the law to abolish the four zeros of the national currency, the coins will be permanently out of people's dealings," he said, adding that "the new resolution will also reduce the consumption of banknotes."
Iran's cabinet has drafted a bill to abolish four zeros of the rial's national currency and convert it to the name Toman.
Tishwash:
Parliamentary Finance: Iraq reached the stage of "economic collapse" .. The real problem in the Central Bank
A member of the Finance Committee in Parliament, Faisal al-Issawi, on Thursday, that the country has reached the stage of economic collapse, while stressing that the real problem in the Central Bank .of Iraq Faisal al-Issawi, during the program " viewpoint (https://www.facebook.com/NabilJassim.Official/videos/380272949354958/?
presented by Dr. Nabil Jassem on the channel "Tigris" and followed (Baghdad today), that
"Iraq has reached the stage of economic ".collapse," noting that "the reality is greater than the International Monetary Report Al-Issawi added that "the country is now in a real political and economic dilemma," stressing that "the government's actions did nothing to resolve the crisis," noting that "salaries increased by about 6 ".trillion dinars this year from last year
He continued, "The policy of indifference in the collection of resources and unexplained spending caused a lot of problems in the real structure of the economy," pointing out that "the high spending currently caused by oil licenses and debt, at the time of the Iraqi government is obliged to pay 20 ".trillion oil companies during the next year
He stressed a member of the Finance Committee in parliament, "the real problem in the economy, is the Central Bank of Iraq," and called on Prime Minister Adel Abdul-Mahdi to "pressure and amend the ".bank's policies to withstand the challenge of the problems of the country
A member of the Parliamentary Economic Committee, Jassem Tahmir, warned on Tuesday (7 May 2019), Prime Minister Adel Abdul-Mahdi not to fall into what he called the "trap of the International Monetary Fund", by rejecting the recommendations imposed by the Fund and the adoption of a fiscal .policy contrary to it
Tahmir said, in an interview to (Baghdad today), "These recommendations imposed by the ".International Monetary Fund serve the interests of countries that dominate and control
He added, "Iraq needs new economic and political financial reforms, but not conditioned by external institutions," stressing the need to "reform sagging career in the institutions of the Iraqi state, and ".support the private sector and provide appropriate conditions for investors
He pointed out that "policies and structural austerity programs implemented by the Fund and recommended, often lead to a doubling of the number of poor people significantly and high ".unemployment
The head of the IMF mission to Iraq, Gavin Gray, recommended last May, a number of major reforms .that Iraq must follow to reform the financial structure
The first of these reforms is public-sector wages that can ease short-term spending pressures" through compensation measures such as setting allowances, bonuses and other non-core wage .payments, and not replacing retirees in full," Gray said
Structural measures will be required in the medium term, based on a functional review of the" workforce as well as a deeper reform of the civil service once new human resource and information .management systems are in place," he said
Gray made a second recommendation on electricity reforms, which he considered "a key factor in addressing poor quality of service and reducing high budget costs, due to modest rates of consumer tariffs, chronic non-payment of electricity bills, poor maintenance, over-reliance on expensive " .generation sources, and losses." Throughout the generation and distribution process link link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Tishwash:
Iran, Iraq consider killing US dollar in bilateral trades: ambassador
TEHRAN, Aug. 09 (MNA) – In line with the efforts to boost the economic ties between Iran and Iraq, the two neighboring countries are considering ways to include local currencies in their bilateral trades to reduce reliance on US dollar, says the Iraqi ambassador to Tehran.
Sa'd Javad Ghandil said Friday that the two neighbors are holding talks to find the best way to facilitate their financial transactions, including the substitution of the US dollar with Iraqi dinar in bilateral trades.
The Iraqi diplomat once again reiterated his respective government's clear stance against the US' unilateral sanctions against Iran, saying such restrictions are against the international rules and regulations.
Noting that the bilateral trades between Iran and Iraq have not been affected by the sanctions in the past year, Ghandil expressed his country's readiness to increase the level of cooperation with Iran in various economic spheres. link
Cutebwoy:
Iran plans to cancel 700 million banknotes from the rial
Iran's central bank president Abdel Nasser Hamati on Thursday announced a plan to scrap 700 million banknotes of the rial and pump a new edition as part of the toman currency's transformation.
"A plan to cancel 700 million banknotes of the rial and pump a new edition as part of the transformation of the Toman currency," Hamati was quoted as saying by the Fars news agency.
"With the enforcement of the law to abolish the four zeros of the national currency, the coins will be permanently out of people's dealings," he said, adding that "the new resolution will also reduce the consumption of banknotes."
Iran's cabinet has drafted a bill to abolish four zeros of the rial's national currency and convert it to the name Toman.
Tishwash:
Parliamentary Finance: Iraq reached the stage of "economic collapse" .. The real problem in the Central Bank
A member of the Finance Committee in Parliament, Faisal al-Issawi, on Thursday, that the country has reached the stage of economic collapse, while stressing that the real problem in the Central Bank .of Iraq Faisal al-Issawi, during the program " viewpoint (https://www.facebook.com/NabilJassim.Official/videos/380272949354958/?
presented by Dr. Nabil Jassem on the channel "Tigris" and followed (Baghdad today), that
"Iraq has reached the stage of economic ".collapse," noting that "the reality is greater than the International Monetary Report Al-Issawi added that "the country is now in a real political and economic dilemma," stressing that "the government's actions did nothing to resolve the crisis," noting that "salaries increased by about 6 ".trillion dinars this year from last year
He continued, "The policy of indifference in the collection of resources and unexplained spending caused a lot of problems in the real structure of the economy," pointing out that "the high spending currently caused by oil licenses and debt, at the time of the Iraqi government is obliged to pay 20 ".trillion oil companies during the next year
He stressed a member of the Finance Committee in parliament, "the real problem in the economy, is the Central Bank of Iraq," and called on Prime Minister Adel Abdul-Mahdi to "pressure and amend the ".bank's policies to withstand the challenge of the problems of the country
A member of the Parliamentary Economic Committee, Jassem Tahmir, warned on Tuesday (7 May 2019), Prime Minister Adel Abdul-Mahdi not to fall into what he called the "trap of the International Monetary Fund", by rejecting the recommendations imposed by the Fund and the adoption of a fiscal .policy contrary to it
Tahmir said, in an interview to (Baghdad today), "These recommendations imposed by the ".International Monetary Fund serve the interests of countries that dominate and control
He added, "Iraq needs new economic and political financial reforms, but not conditioned by external institutions," stressing the need to "reform sagging career in the institutions of the Iraqi state, and ".support the private sector and provide appropriate conditions for investors
He pointed out that "policies and structural austerity programs implemented by the Fund and recommended, often lead to a doubling of the number of poor people significantly and high ".unemployment
The head of the IMF mission to Iraq, Gavin Gray, recommended last May, a number of major reforms .that Iraq must follow to reform the financial structure
The first of these reforms is public-sector wages that can ease short-term spending pressures" through compensation measures such as setting allowances, bonuses and other non-core wage .payments, and not replacing retirees in full," Gray said
Structural measures will be required in the medium term, based on a functional review of the" workforce as well as a deeper reform of the civil service once new human resource and information .management systems are in place," he said
Gray made a second recommendation on electricity reforms, which he considered "a key factor in addressing poor quality of service and reducing high budget costs, due to modest rates of consumer tariffs, chronic non-payment of electricity bills, poor maintenance, over-reliance on expensive " .generation sources, and losses." Throughout the generation and distribution process link link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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