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Thursday, April 27, 2017

IRAQ DINAR & DONG VIETNAM UPDATE, 27 APRIL

The awareness campaign has been going on for weeks, with the television saying that their currency would have more purchasing power. Then a week ago we started getting the first rumblings of prices dropping at fuel places, and now the Iraqi in the street is seeing price reductions all over.
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The World Bank on Saturday confirmed its support for Iraq’s economic reforms and development through an integrated financial management system, while welcoming the steps taken by the Iraqi government in the area of ​​resource management and the crystallization of reform visions.
The Ministry of Finance said in a statement on the sidelines of a joint meeting between an Iraqi delegation headed by Finance Minister Abdul Razzaq al-Issa in the presence of Prime Minister’s Adviser, Mohammed Saleh, a number of officials of the Ministry of Finance, the World Bank team and its representatives in Baghdad in the spring meetings of the IMF and the World Bank in Washington, “Alsumaria News, a copy of it,” The representatives of the World Bank have pointed out that economic reforms are a key need to reach an integrated system to manage the financial process of the state at the federal and local levels.”
The ministry added that “the participants explained that the percentage of the task achieved by Iraqi institutions in this area, which gives the appropriate room for the World Bank to support the budget and reconstruction projects within the limits of time to achieve its objectives required.”
“The World Bank welcomed the steps of the Iraqi government in the field of resource management and crystallization of reform visions in coordination with international financial organizations and institutions.”
Finance Minister Abdul Razzaq al-Issa said on Friday that the World Bank has indicated its readiness to allocate nine million dollars to support the investment of associated gas in Iraq.
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