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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

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    Government is the rise in the dollar to stimulate national production positive indicator

    Rocky
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    • Post n°1

    Government is the rise in the dollar to stimulate national production positive indicator Empty Government is the rise in the dollar to stimulate national production positive indicator

    Post by Rocky Wed 13 Jan 2016, 3:23 pm

    Government is the rise in the dollar to stimulate national production positive indicator



    Iraq will reduce hard currency reserves L43 billion to borrow from the International Monetary Fund



    Editor: BK, BS 2016/01/13 16:50 


    Long-Presse / Baghdad

    Iraq announced on Wednesday, the approval of the International Monetary Fund for having financed the deficit Bmoisnth withdrawals of hard currency reserves, noting that it means reducing those reserves of $ 59 billion in October 2015 the last end, to 43 billion during the current year.

    The Iraqi government said told media followed up (range Press), "The International Monetary Fund approved the programs of financing the federal budget deficit from its reserves of hard currency as a precondition for granting the loan," noting that it "will lead to a reduction of those reserves from $ 59 billion in October 2015 end the past, to 43 billion during the current year 2016. "

    And expected the government to "shrink the deficit in the balance of payments of $ 14 billion in the past in 2015, to 11 billion in the current 2016", is likely to "grow the local production rate of 1.5 percent in 2015 to 10.6 percent in the current 2016, with increase oil production rates. "

    She said the government, that "the drop in global oil prices will lower the federal budget deficit of GDP from 15 percent in 2015 to ten percent during the current year 2016".

    The Finance Minister, Hoshyar Zebari, revealed in (the 25th of November 2015 the past), for borrowing Iraq billion and $ 200 million from the International Monetary Fund, stressing that the Fund "has no" conditions in this regard.

    The House of Representatives, approved by majority, in (the 16th of December 2015 the past), the draft budget law for fiscal year 2016 the current value in excess of 105 trillion dinars, and the inability of more than 24 trillion dinars.


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