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Parliamentary power: the necessity of encouraging fiscal and monetary policies for domestic investment

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Tuesday, November 15, 2016, 15:31


Parliamentary power: the necessity of encouraging fiscal and monetary policies for domestic investment

Baghdad/baghdadia news. Member of the Parliamentary Committee on oil and energy, Jamal almhamdaoi, Tuesday, the need for fiscal and monetary policies conducive to domestic investment and banking sector takes a leading role in building the country.

Almhamdaoi said in a statement/baghdadia news/"we need practical solutions and accurate auction problems and high prices in cooperation with international organizations with long experience in it through fiscal and monetary policies conducive to domestic investment and banking sector takes a leading role in building the country."

"We must adhere to a more technical and more precautionary to prevent the phenomenon of counterfeiting and manipulation by relying on advanced electronic banking system control systems and banking transactions as in developed countries in these areas is much better than relying on traditional mechanisms.

He noted that "rising exchange rate of the US dollar against the Iraqi dinar has significant effects on the Iraqi income through worsening the economic situation of Iraqi citizens, especially war with ISIS more than ever to stable economic and financial development."

"Give priority to the national interest on the special interests and the need for an active wemhas of trying to damage the economy of Iraq and is working on his financial and economic dislocation."
over 21/m

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