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jeasiq-1521
حوالات الخزينة واستخداماتها في العراق
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ABSTRACT

The Iraqi Government had used all Possible methods of financing the fiscal deficit according to the economic and Political Circumstances at the time. It had borrowed from abroad during the 1980s. Those methods of borrowing led to negative impacts on the Iraqi economy such as increased external dept burden, higher inflation rate, negative interest rate and accumulation of domestic debt.

The "Financial Management and Public Debt" law no 95/ 2004 made a great change in those methods of Financing fiscal deficit in Iraq. Before 2004, the deficit was financed by issuing Treasury Bills and selling them to the Central Bank of Iraq with a prefixed interest rate. Thus, it is, in fact, a financing by new cash issuance. However, after the issuance of law 95/ 2004, and the issuance of the CBI law no. 56/ 2004, in addition th setting the instruction of selling treasury bills in public auctions by the Ministry of Finance, and stopping the CBI to lend funds to the Government, the financing of the deficit using the TB became a systematic process based on competition in wich the commercial banks only can participate.

Accordingly, the MOF had made (106) auctions of (91)  days during 2004- 2009  of which (18) auctions that were cancelled for different reasons. The average of participation of banks was ultimately  in 2004: 9 out of 32 commercial banks participated in the auctions.

The amounts of the TB sold was about (16.2) trillion Iraqi  Dinars for the same duration. The  interest rate's average was between 21% for 2007 and 4.1% for 2004 which runs parallel to the CBI interest rate. The commercial banks had the greater share of the TB's, ehich was between (66- 84%) of the value of the TB's.

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Publication Date
Sun Mar 19 2023
Journal Name
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The Effect of Using the Generative Learning Model on the Achievement of First-Grade Intermediate Students of Chemical Concepts in Science
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Abstract

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Publication Date
Fri Feb 08 2019
Journal Name
Journal Of The College Of Education For Women
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Publication Date
Thu Jan 31 2019
Journal Name
Journal Of The College Of Education For Women
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Publication Date
Sat Dec 01 2018
Journal Name
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Publication Date
Wed Oct 17 2018
Journal Name
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Publication Date
Mon Jun 05 2023
Journal Name
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Publication Date
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Journal Name
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Publication Date
Sat Feb 02 2019
Journal Name
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The Role of the Arab oil to the achievement of Economic security in the Arab: The Role of the Arab oil to the achievement of Economic security in the Arab
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Abstract:
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4. The importance of oil in the marketing activities, transport, insurance
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Publication Date
Tue Apr 01 2014
Journal Name
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Publication Date
Thu Nov 01 2018
Journal Name
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