Category: federal budget

Baghdad Increases Pressure on KRG with Budget Cut

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. 

The first draft of Iraq’s federal budget for 2018, approved by the government at the start of the month, envisions slashing the Kurdish region’s share from 17% to 12.7% of the total.

The cut is one of several “punitive” constitutional measures that followed the Sept. 25 Kurdish referendum on independence. Those measures also saw Baghdad seize control of disputed areas, border crossings and air bases, and demand that the Kurdistan Regional Government (KRG) transfer taxes and other public revenues to the central government.

This is the first time that the KRG’s share of the budget has been subject to review since 2005, when the government of then interim Prime Minister Ayad Allawi allocated 17% to the Kurdish region, despite the fact there has not been an official census in Iraq since 1997.

“There have been no negotiations so far with Baghdad on the budget or other pending issues, despite the KRG’s desire for talks,” said parliament member Najiba Najib of the Kurdistan Alliance. “The central government is still refusing to receive the Kurdish delegation.”

“Iraq still doesn’t currently have official statistics,” she added. “Even data from the Ministry of Trade is inaccurate. It’s not reasonable to believe that the population of the Kurdish region has stayed at just 5 million, as the United Nations said in 2003 when it recommended the KRG receive 13% of the national budget.”

She said the central government has felt “arrogant and powerful” since it regained control of Kirkuk.

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Harthy: reducing the share of Kurdistan from the budget of 2018 will add 9 million dollars

Harthy: reducing the share of Kurdistan from the budget of 2018 will add 9 million dollars
11/19/2017

"The reduction of the share of northern Iraq from the federal budget 2018 will add to the budget next year, 9 million dollars to it," said Deputy Chairman of the Committee on Economy and Investment Representative Harith al-Harithi.Al-Harithi said in a press statement that the change in the financial share of Kurdistan within the federal budget will lead to many changes in the next budget, adding that the $ 9 million achieved by the Ministry of Oil during the past 10 months, will be added to the next budget.

Al-Harithi added that revenues generated from airports, border crossings and customs will change the figures and figures in the budget, which will lead to a new formulation.It is noteworthy that the adviser to the Prime Minister for Economic Affairs, the appearance of Saleh said earlier that what the media are talking about reducing the share of Kurdistan in the draft budget of 2018 from 17% to 12% only drafts have not yet adopted by the government and that talk about them "just speculation.

" Saleh stipulated the delivery of Kurdistan revenues to the treasury of the state in return for receiving his share of the draft federal budget law of Iraq 2018.

http://aletejahtv.org/permalink/192189.html

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The World Bank is pressing the government to reduce the salaries of employees in the budget of 2018

Parliamentary Finance: The World Bank is pressing the government to reduce the salaries of employees in the budget of 2018 2017/11/18 15:28 [Where-Baghdad] A member of the parliamentary finance committee, Masood Haider, on Saturday, said that the federal government is determined to reduce the salaries of employees in the federal budget for 2018 by 20%, […]

In figures .. Know the expenses and revenues and deficit balance of 2018

In figures .. Know the expenses and revenues and deficit balance of 2018
11/15/2017

A member of the Finance Committee parliamentary Ahmad Hama Rashid, Wednesday, that the draft federal budget for the year 2018 initial amounted to 108 trillions dinars as a public expenditure, indicating that the revenues amounted to 85 trillion.

Hama said in a statement that "public expenditure in the preliminary draft of the budget law for the year 2018 amounted to 108 trillion dinars, while the revenue amounted to 85 trillion," noting that "the deficit amounted to 22 trillion and 700 billion dinars."

He added that "the share of the region has been reduced by 5%, and this is contrary to previous agreements, which estimated the proportion of the budget of the province by population census," noting that "all Kurdish blocs will announce their withdrawal from the voting session in the event the government insisted on reducing the proportion of the region."

The parliamentary finance committee was expected on Wednesday, delayed the arrival of the draft federal budget bill 2018 to the end of November.

http://www.knoozmedia.com/280650/%D8%A8%D8%A7%D9%84%D8%A7%D8%B1%D9%82%D8%A7%D9%85-%D8%AA%D8%B9%D8%B1%D9%81-%D8%B9%D9%84%D9%89-%D9%86%D9%81%D9%82%D8%A7%D8%AA-%D9%88%D8%A5%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D9%88%D8%B9%D8%AC%D8%B2/

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Key: Central measures are of interest to the UN Security Council

Key: Central measures are of interest to the UN Security Council

11/15/2017

During talks on money laundering and terrorist financing
Baghdad / Tarek Al-Araji
Efforts exerted by the Central Bank of Iraq to communicate with major international economic organizations, particularly the Bank and the International Monetary Fund to review the joint programs and the organization of the Iraqi financial sector and the extent of progress achieved.

Governor of the Central Bank of Iraq Ali al-Alaq said in an interview with "Sabah" said: "Iraq asked the IMF and the World Bank and specialized international organizations to support the organization of donors conference in Kuwait,

As well as to help Iraq ease the problem of correspondent banks, revealing the bank’s completion of the "National Strategy for Combating Money Laundering to finance
terrorism" which will soon be transferred to the Council of Ministers for approval.

"The quarterly meeting noted that the visit to Washington and New York was for discussions with the International Monetary Fund and participation In the quarterly meeting between the Fund and the countries that Iraq has among them, having programs with the Fund in force, having a 7-year program, began in 2016, there is a periodic review of the program’s progress and focus and discussions on the 2018 budget.

He pointed out that the International Monetary Fund would prefer the budget to be prepared according to the program agreed upon, and that there be ceilings for public debt, deficit and operating expenses while maintaining expenses of a social, health and security, such as health care and salaries. For these sectors ".

Reduce the deficit and noted that " the discussions that took place in the Jordanian capital Amman earlier, addressed the first draft of the budget in which large deficits, and since then the government has worked under the guidance of the Prime Minister to reduce the deficit and unnecessary expenses and tried to increase local revenues and the goal of the program to reduce the deficit Between domestic revenues and domestic expenditures so that the country is not always exposed to the risks of fluctuations in oil prices and that there is a kind of safety valve at the very least.

He pointed out that "the visit of the United States of America included a number of meetings, the most important meeting of the governors of banks with the Director General of the International Monetary Fund, and explained in our speech the operation of the program with the Fund and asked for more flexibility and understanding in some of the requirements and conditions, based on the circumstances of Iraq,

The conference of donors in Kuwait, as well as helping Iraq to ease the problem of correspondent banks abroad and there were side meetings with the governors of several central banks.

Money laundering
"The lecture was held at the Institute for Near East Strategic Studies, which dealt with clarifying the economic and financial situation and the procedures of the Central Bank regarding the issue of money laundering and terrorism financing.

The Council had an impression on the previous reports submitted by the Central Bank of companies listed in the list The international community by a vote in the Security Council, these cases were the subject of interest by the Security Council, especially that it was coordinated with other countries and
was considered a successful model of international cooperation.

Al-Alak said: "A presentation was made on the procedures of the Central Bank and the steps taken during the last three years regarding this issue in all its dimensions. Also, copies of the National Strategy for Combating Money Laundering and Terrorism Financing
were distributed which the bank has completed and is considered an important strategy.

To the Council of Ministers soon, but we distributed models there and offered to the members were welcomed and attention, especially as the strategy was based on consultations with organizations with international experience on this subject at all stages.

Three billion
And on the opinion of the International Monetary Fund budget said: "The IMF is intended to be deficit in the federal budget of Iraq for the year 2018 does not exceed 15 trillion dinars and this is what we seek and I think we implicit this figure in the budget, as the price of a barrel of oil up to $ 43 dollars and the same quantities export In the budget of 2017,

"noting that" the International Monetary Fund after the completion of the budget and some other simple requirements will be the beginning of next December to the meeting of its Board of recommendations and if the report is positive and in line with the program will be launched other payments and start the payment before the end of the year

And the current rate of $ 150 million from the International Monetary Fund and approximately one billion dollars from the World Bank and other amounts of the seven industrialized countries to reach combined amounts to approximately 3 billion end of this year.

" Applications to establish
"The absence of applications to establish commercial banks and requests specific to the establishment of Islamic banks, because they benefit from the law, which was legislated by the House of Representatives, which granted facilities to establish these banks, because it made its capital 100 billion dinars instead of 250 billion dinars and then raised to 250 Within three years

and this encouraged many to apply for the establishment of these banks with the central bank’s reservation on the amount of capital, because he has a view that the capital is not determined by law, but is determined in accordance with the circumstances and requirements.

He said that the Central has a lot of the establishment of Islamic banks requests, but the bank ‘s board at its previous meeting realized that this number can not be added to the banks because it is above the energy and the potential of the existing market, and therefore asked for more study
on the subject until the final decision.

" Merger of banks
Regarding commercial banks, he pointed out that "the number of large and the future will see the integration of these banks, as happened in all countries of the world, starting with a large number and then ends with a specific number, but they are large banks, stressing that" the Central can not push and force banks to integrate but in practice and practical experience will adopt In the future merge and reduce the number. "

He stressed the existence of directions to the Central Bank to open a branch in Erbil or Sulaymaniyah and conducted a year ago meetings with the government, provided that this branch has the authority to carry out its oversight, supervisory and financing role for the banking sector and financial institutions and procedures related to combating money laundering and terrorism financing

and approved the region months ago after clarifying the dimensions and risks that The presence of a part of Iraq is not subject to censorship, which causes external problems and regulatory for this sector within the region and we have reached this agreement has been signed in this regard and has already been working on the opening of a branch in Erbil as a first step

and with the events that took place and repelled The decision of the House of Representatives to stop financial transactions and the sale of foreign currency to the region carried out bank transfers and the decision of the province parked.

" Branches of the central
He pointed out that "the Central Bank takes its decisions independently, but takes into consideration the circumstances and procedures exist and hope that things will return and overcome the crisis, and we are currently stressing the need to return the central bank to Mosul, because it has a banking sector and many exchange companies along with business and salaries,

"The plan of the Central Bank includes the opening of a branch of the central bank in the Middle Euphrates, and it was agreed to be in the province of Najaf," he said.

http://www.alsabaah.iq/ArticleShow.aspx?ID=147501

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Federal Court set next Monday to consider the claims of the referendum

Federal Court set next Monday to consider the claims of the referendum

11/14/2017

Report: The government gets a UN document allowing it to control Sheikhan and Fishekhabour

Baghdad / Follow-up morning

The Federal Supreme Court set the next Monday, the twentieth of this month as a date to consider the claims of the referendum in the Kurdistan region.

At a time when a parliamentary source confirmed that the Prime Minister Dr. Haider Abadi rejected any conditional dialogue with the region, pointing out that

the negotiations between the federal government and the region will not take place before the cancellation of the referendum

, announced the President of the Kurdistan Regional Government of Iraq, Najran Barzani his readiness for dialogue with the federal government according to the Iraqi constitution , And that it is awaiting Baghdad’s approval to conduct such a dialogue.

This comes at a time when Kurdish sources announced the start of negotiations between the two sides, and the opposition parties held their position to establish a government of national salvation and the abolition of the presidency in the region.

The date of the meeting
Federal Court spokesman Ayas al-Samuk said in a statement received by Al-Sabah on Monday: "The court set the date of November 20 as the date for the consideration of the four cases filed by the plaintiffs against the defendants who are responsible for the referendum process in the Kurdistan region.

" Samok, that «the court felt the representative of the Kurdistan region in Baghdad, for the process of reporting and return the notice sheet reported in accordance with the law, and confirmed this to twice and pending the re-reporting so that the Court to decide the constitutional or unconstitutional referendum».

Rejecting the government for
his part, said the leader of the Dawa Party MP Jassem Mohammed Jaafar: The Prime Minister Haider Abadi, refused to negotiate and conditional dialogue by the Kurdistan Regional Government, pointing out that the negotiations will not take place only after the cancellation of the results of the referendum.

"The dignity and rights of the Kurdish people are safeguarded and preserved by the prime minister," Jaafar said in an interview on Monday.

"The government’s steps are to hold the accountability of the Kurdish people for robbing their rights and plundering their goods."

He added that «the salaries of Kurdish employees, and the share of the region of the federal budget of the country, estimated by the legislative and executive bodies», stressing that «the Kurdistan government is not in a position to help conditions or blackmail Baghdad».

He pointed out that «the dialogue will not take place, unless the announcement of the cancellation of the results of the referendum secession of Kurdistan», pointing out that «the government refused to visit Kurdish political delegation to Baghdad and stipulated cancellation of the results of the referendum».

Document UN On the other hand, according to news reports on Monday that the central government intends to impose its control over the areas of both Sheikhan and Ba’shiqah and Fishkhabour after receiving a document from the United Nations Mission in Iraq, confirms that the three regions outside of what is known as the Blue Line.

"The central government in Baghdad will impose control over the areas of Sheikhan, Bashiqa and Fishekhabour within the next few days after receiving a document from the United Nations Mission in Iraq (UNAMI) confirming that the three areas outside the so-called Blue separation between the Kurdistan region and the rest of the Iraqi cities in 1991 ».

The report quoted a source in the Foreign Ministry as saying: The document on the statement of the borders of the Kurdistan region, under the Blue Line, was lost from the ministry during the time of former Foreign Minister Hoshyar Zebari, prompting the government to address the United Nations for a second version, which is treated as an international document Gives the government the right to assert control over areas claimed by the Kurdistan region that it lies within its territory, in addition to the oil fields located in the disputed areas ».

In turn, excluded MP from the National Alliance Abbas al-Bayati, Kurdish parties could remove the Kurdistan Democratic Party from the political life in Kurdistan, noting that the party will remain a pillar of the pillars of Kurdish political life .

Al-Bayati revealed in a press statement, "Al-Sabah", on Kurdish differences and the Kurdish-Kurdish movement to demand broader participation with the Kurdistan Democratic Party in the administration of the Presidency of Kurdistan, indicating that "these claims must be determined by the people of Kurdistan through the elections.

" He added that " "Eight months is a blow and a blow to Kurdish democracy, so the other parties will not be able to easily remove the Democratic Party from the pivotal political role in power in Kurdistan."

He pointed out that "Nizhrvan Barzani, who has now handed over the powers of the President of Kurdistan legal may be the person provided by the party To the presidency of the region because the transfer of powers to him was based on a decision of the Parliament of Kurdistan ».

Barzani’s remarks
For his part, announced the head of the Kurdistan Regional Government of Iraq, Najafan Barzani, that the region will issue an official response to the decisions of the Federal Supreme Court on the referendum of secession of the region, noting that the current provincial government is temporary and was extended by the parliament.

Barzani said in a press conference from Erbil on Monday: «We have studied the decisions of the Federal Supreme Court and we will issue our official response later», and stressed that «will be scheduled to conduct elections after consultation with the Kurdish political parties», and said: «We will meet with political parties Kurdish soon and we will send an official response to the Federal Court on the referendum ».

"We are ready for dialogue with Baghdad according to the constitution, but we have not received a response so far. We have not received a date or acceptance from Baghdad on the start of negotiations so far," he said. "We appreciate the efforts of the United States and urged them to hold the dialogue. To start negotiations ».

Barzani said: "The Peshmerga is part of the military system in Iraq has proved its worth in its war against the Daash." Kurdish sources in the meantime, Kurdish political sources said on Monday that the stage of disagreement between Baghdad and Erbil may see a breakthrough soon, after it revealed the readiness of the Kurdistan region to cancel the results of the referendum for a certain price.

The sources added that «the announcement of cancellation of the referendum may be a reasonable price for any agreement between Baghdad and Erbil, under which the Kurdistan region to get a fair share of the federal budget of the federal», and continued, «According to these data, indications of the possibility of declaring the Kurdistan region to cancel the results of the referendum Controversial on 25 September last, on the secession of the Territory; increasing and suggesting a close settlement ».

In turn, said a senior member of the Kurdistan Islamic Group, on Monday, that an important meeting held between the Movement for Change and the Islamic Group to discuss the formation of a government of national salvation in Kurdistan after the setback suffered by the government because of the referendum, said MP from the group Zana Said:

Kurdistan with the support of the Change Bloc and the Patriotic Union of Kurdistan seeking to dissolve the post of President of the Kurdistan region and the abolition of the law as a ring of excessive and problematic political problems that cause the crises experienced by the Kurdish citizen ».

"Saeed said that« Kurdistan is required to reorganize its relations with the federal government according to the Constitution in order to achieve the constitutional gains of the Kurds and not the interest of a particular party », and regarding the elections next year Said said that« the Islamic Group is determined to participate in the upcoming Iraqi parliamentary elections for 2018 alone », Denying entry and alliance with other lists, whether Arab or Kurdish to enter the elections.

In the same context, stressed the Secretary-General of the Kurdistan Islamic Union, Salahuddin Bahaa Eddin, the need to think all Kurdish political parties to find urgent solutions to the political crisis in Kurdistan.

The Information Office of the Islamic Union in a statement received by «morning»: «The Secretary-General of the Islamic Union during a meeting with the General Coordinator of the Movement for Change Omar Ali Ali in Sulaymaniyah; expressed regret for the failure to resolve the crises in Kurdistan as well as the situation of citizens so far and trend towards the worst», That «the citizens can no longer take responsibility for the poor situation and pay the tax of errors of decades of the rule of officials of the Kurdistan region», in reference to the ruling Barzani family.

For his part, stressed the General Coordinator of the Movement for Change, Omar Ali Ali, "the need for unity of the Kurdish political parties coincide with rapid political developments as well as the possibility of a new war in the region," explaining that "the citizens should not pay the Kurds tax the failure of the Kurdistan government more» .

Deputies of secession
In turn, a member of the Legal Committee of the parliamentary high Nassif, the negotiations conducted by the Presidency of the House of Representatives on the fate of deputies participating in the referendum and the lifting of immunity, noting that the hearing Tuesday will witness their referral to the judiciary.

Nassif said in a press statement: "The Presidency of the House of Representatives is currently negotiations on the fate of deputies covered by the lifting of immunity on the background of their participation in the referendum without the participation of members of parliament," indicating that "the role of the presidency is not organizational and the role of reducing the role of 328 deputies,"

adding that " The right of the Presidency of the House of Representatives to negotiate on those deputies and go to any party and give assurances on that », stressing that« the session of Parliament will vote on their referral to the judiciary after the completion of the mini-committee for its actions ».

On the other hand, the Secretary-General of the Ministry of Peshmerga Jabbar Yawar, on Monday, that the situation is completely calm on all fronts, indicating that there is no need to worry.

"The situation is completely calm on all fronts and there is no need for concern," Yawar said in an interview on the reality of the situation in the center of Elton Kubri. "Movements in this axis and all the other axes near Kirkuk, Makhmour, Shikhan and Fishkhabur are all normal movements. God of the parties, the Iraqi forces and the Peshmerga and do not raise concerns ».

Governorate of Kirkuk
In the middle of this picture, the head of the Movement for Change in the House of Representatives Sarwa Abdul Wahid, in a press statement on Monday: It is necessary to return the members of the brotherhood bloc to the Kirkuk Provincial Council to conduct the work of the Council and expedite the provision of services to citizens and work to return the displaced to Kirkuk or Kirkuk to their homes », as confirmed by saying:«

We are against the dissolution of the Kirkuk Provincial Council and we are working to speed up the coordination as soon as possible and choose a president of the Council until the holding of local elections in the province like the rest of the Iraqi provinces », indicating that« the application of Article 140 of Kirkuk and the disputed areas very important".

In turn, called the leader of the Patriotic Union of Kurdistan Giyath Al-Sarji political blocs in the province of
Kirkuk to hold an emergency meeting to choose a national candidate for the post of governor, said Sergei:

«For the purpose of resolving the outstanding issues in the province of Kirkuk, we call as a national
federation of Kurdistan for an emergency meeting of all members of the Kirkuk Council to choose a candidate Union for the post of governor Rizkar Ali », and added that« the position of the governor share of the Patriotic Union of Kurdistan », urging« the political blocs to accelerate the installation of the

governor ».

http://www.alsabaah.iq/ArticleShow.aspx?ID=147435



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Kurdistan will cancel the results of the referendum in exchange for a share of the budget

Kurdistan will cancel the results of the referendum in exchange for a share of the budget
11/14/2017

Press sources confirmed that Kurdistan will cancel the results of the referendum in the event of a controversial share in the federal budget.

The newspaper "Sabah" official: "The Kurdistan has expressed its willingness to cancel the results of the referendum held on September 25 last, in exchange for a significant share of the federal budget."

The newspaper quoted sources as saying: "The stage of disagreement between Baghdad and Arbil may see a breakthrough soon, after it revealed the readiness of Kurdistan to cancel the results of the referendum for a certain price."

She added: "The announcement of canceling the referendum may be a reasonable price for any agreement between Baghdad and Erbil, under which Kurdistan obtain a fair share of the federal budget of the country."

The paper that according to these data, the indicators on the possibility of Kurdistan declaration of cancellation of the results of a controversial referendum in the twenty – fifth of last September, on the secession of the territory; increasingly suggest settlement close.

http://alghadeer.tv/news/detail/64449/

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Abadi office: The draft budget will arrive within days to parliament

Abadi office: The draft budget will arrive within days to parliament

11/13/2017

Saad al-Hadithi spokesman for the Prime Minister’s Office Haider Abadi, near the end of the Council of Ministers of the draft federal budget for 2018, adding that he will send him during the next few days to the House of Representatives.

Al-Hadithi said in a press statement: "In the coming days, the federal budget for 2018 will be sent to the Iraqi parliament to enter into the space of discussions,"

noting that "data and figures in the budget as a project subject to change and amendment."



He added that "the government put in the budget (2016 – 2017 – 2018) a specific financial cover for the popular crowd," pointing out that "any increase in the salaries of the crowd took place without the knowledge of the federal government and in the budget of 2018 did not increase any."

That "the position of Abadi on the non-nomination of members of the security forces for the elections is due to Article VII of the Constitution, which confirms (that the members of the security services are not eligible to run in the elections)."

Al-Hadithi explained that "the law of the crowd put in detail the condition of giving up political work," noting that "in the event of leaving the military action allows him to exercise all his political benefits."

And on what happened in the meeting of Prime Minister Haider Abadi with the leader of the Sadrist movement Moqtada al-Sadr, said Hadithi that "Abadi discussed with Mr. Sadr the issue of the referendum of the region, and stressed during the meeting the past of the federal government in imposing its authority across the country.

http://www.alsabaah.iq/ArticleShow.aspx?ID=147406

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6 tons of gold intervened monthly through the airports of Baghdad and Najaf

6 tons of gold intervened monthly through the airports of Baghdad and Najaf

11/12/2017

The organization has achieved new financial revenues for the Iraqi Treasury
Baghdad / Hussein Thugb
A financial adviser stressed the importance of the decision of the Council of Ministers to allow the introduction of gold through the airports of Baghdad and Najaf, and the role in supporting the federal budget of the new revenue through customs taxes and customs accepted by all parties.

Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh said: "The adoption of a new mechanism for the entry of gold to the local markets through the airports of Baghdad and Najaf bears the benefit and magnifies national wealth and protects the market of unmarked gold and unidentified, as well as the collection of customs tariff rights, an important sovereign revenue.

Mineral Resources
said the "morning" that " the flow of gold inside represents the exchange of assets of monetary wealth with assets of mineral wealth and precious, and this requires the control of the movement of gold , and make sure the quality of real gold and Aaarath, and this measure will enable the Central Agency for quality control of gold examination of pure And the conduct of marking operations and the issuance of certificates of marking in order to preserve the national wealth, as well as the customs tariff and apply uniformly through the two ports mentioned.

Transport risks

"The entry of gold through the airports of Baghdad and Najaf holds a lot of pros for all workers in this field, where the delivery of gold to the local market with a high flow away from the transport risks that were accompanying this process from Erbil to Baghdad and the provinces" .

The gold was entering Iraq through the gate of Erbil airport where the fees and taxes were specific and suited to the wishes of the workers in this area, but the great suffering due to the transfer of large quantities to Baghdad and the provinces, which leads to raise the
cost.

Al-Khafaji pointed out that "the meetings of the private sector on this matter with the Commission advisers resulted in the approval of the entry of gold through the airports of Baghdad and Najaf and regulate the entry process and all joints according to mechanisms to benefit the gold traders and the economy of the country.

" Fees Rates

Between "the new list of prices of fees of different sets of 250 thousand dinars per kilogram of gold after it was 1800 dollars, and 150 thousand dinars tax instead of 1200 dollars and 50 thousand dinars fee marking instead of 200 dollars," confirming that "these prices the outcome of intensive meetings between Private sector, consultants, tax and customs authority, and the Central Organization for Standardization and Quality Control ".

Seventy percent of Dubai’s gold traders are Iraqis, and 80 percent are in Istanbul.
"The importance of working to create the appropriate climate to make these traders return to work in Iraq, and return the country to be a gold bourse in the region as before when he was supplying the regional markets with the types of yellow metal.

" Iraq’s need
Al-Khafaji said that "the quantities of gold entering through the airports of Baghdad and Najaf range from 5 to 6 tons, 2 tons of which cover the need of Baghdad and the provinces of Iraq and the other quantity, is exported to regional countries," noting that " (500) million dollars a month. "

He added that "cooperation between the Prime Minister and the private sector has yielded positive results for all, and now saves time and effort and high flow in the arrival of quantities of gold safely to different cities."

Al-Khafaji pointed out that "the reality of the gold market will see a development after there is a great cooperation between the government and the private sector market, especially that the acquisition of gold is important for a large segment of Iraqis, which requires that this market is renewed and follow the market
International ".

He pointed out that "the future of the gold market in the growth and needs to be more imports to the country or to markets that pass through Iraq, and with all the money that brings new amounts to the treasury of the
state."

http://www.alsabaah.iq/ArticleShow.aspx?ID=147314

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Al-Abbadi economic adviser: This is the condition of Baghdad in exchange for handing over the province share of the budget of 2018

Al-Abbadi economic adviser: This is the condition of Baghdad in exchange for handing over the province share of the budget of 2018 2017/11/08 12:44 Baghdad today: Baghdad The adviser to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, on Wednesday, the Kurdistan region to obtain a share of the draft federal budget […]