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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Parliamentary Economic exclude the impact of lower foreign currency reserves negatively on the stat

    Rocky
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    Parliamentary Economic exclude the impact of lower foreign currency reserves negatively on the stat Empty Parliamentary Economic exclude the impact of lower foreign currency reserves negatively on the stat

    Post by Rocky Sun 05 Feb 2017, 3:04 am

    [size=30]Parliamentary Economic exclude the impact of lower foreign currency reserves negatively on the state budget[/size]
    05/02/2017 10:05 | Number of Views: 388
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    Ruled by MP Najiba Najib Economic Committee, the impact of lower central bank reserves negatively on the state budget, saying, that the monetary policy of the central bank's prudent policy in accordance with the logical economic plans.


    She said Najib in a press statement that "the decline in cash reserves at the Central Bank of $ 66 billion at the end 2014 to $ 45 billion now will not affect the Iraqi economy, attributed it to improved oil prices and a height of 30 to more than $ 50 in addition to the high-volume quantities of oil exporting Maigarb / 4 / million contributed to higher state revenues and the introduction of foreign operation, a golf major role in saving the country's economy. "


    She said , "So far , the central bank reserves of hard currency under control and there is no hard currency on fears the deterioration in Iraq." 

    She continued, " The monetary policy followed by the central bank during the recent period , which hassuffered from the decline in revenue is sufficient to cover the salaries, the bank managed and supported by theInternational Monetary Fund to take several decisions , including making the central bank reserves serve thesocial development process and plays a role in the financial crisis , so I was able coverage of public spending by feeding Treasury bonds to pay salaries and cover the expenses of the war. "


    It is said that reserves at the Central Bank of the hard currency he was at the end of 2014, more than $ 66 billion in 2015 and dropped to about $ 53 billion and in 2016 came to nearly $ 45 billion and a book value of $ 48 billion.


    The head of the "will of the" parliamentary deputy Hanan al has been directed at the parliament session, which was held last week, the question verbally to the Governor of the Central Bank on the Keywords on the low country's reserves of foreign currency, including the reasons for the low central bank reserves and any specifically and where history has been the amounts disbursed.

    In replying to said central bank governor on the Keywords, that economic policy is made up of fiscal and monetary policy and monetary reserves which is a foreign assets denominated in the foreign currencies excludes including local currencies, up to about 90% and the remaining gold and assets are Negotiable liquefaction reserved at any time .


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