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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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    del Abdul-Mahdi: capable of immediate implementation of the proposals would ease the country's crisi

    Rocky
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    del Abdul-Mahdi: capable of immediate implementation of the proposals would ease the country's crisi Empty del Abdul-Mahdi: capable of immediate implementation of the proposals would ease the country's crisi

    Post by Rocky Sun 17 Jan 2016, 5:06 am

    Adel Abdul-Mahdi: capable of immediate implementation of the proposals would ease the country's crisis
    He wrote: January 17, 2016
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    Ft Oil Minister Adel Abdul-Mahdi, Sunday, capable of immediate implementation of the proposals and would alleviate the economic crisis experienced by Iraq, as he put it.
    Wrote Abdul-Mahdi on his page in the social networking site "Facebook" The country's budget is facing a liquidity crisis, like many countries, but the country's reasonable possibilities allow to ease the crisis, there are some trends executable immediately, and there are other require some action. "
    He continued, "what conditions the central bank still reassuring despite the decline in the reserve but has reserves of more than $ 50 billion, and compared to all, it has been the reserve in mid-2003 non-existent almost, oil and imports less than 20% of what it is today, despite lower prices, and foreign debt exceeding 120 billion dollars, and the interior in the highest level, and imports plunging markets, although the bank reserves is not the property of the government, but it represents a guarantee to move the economy, through the monetary instruments and exchange and interest rates, banks and secondary markets to help the government. "
    He added that "the state institutions deposited in the banks and financial accounts of tens of trillions of dinars, and the money belonging mainly to the ministries and companies, but some of this money, can contribute to the establishment of funds and portfolios help generate more currency to help improve the liquidity of the state vital pumping in economic activities ".
    He explained: "It is also among the citizens banknotes ranging from 30-40 trillion dinars, and the money, of course, are the property of the citizens, and did not enter the economic cycle or banks, it is a process of hoarding, and the freezing of funds, and is well known that saving sense Economic must equal investment, and thus can lure trillions of dinars to enter the session and the transition to a productive money, invested all their results on liquidity and on the other economic aspects, and it will be considered a real reform to move from cash economy Cash Economy to the banking sector, which is the mainstay of modern economies and lever development. "
    According to the minister, the state owns the assets of tens and hundreds of trillions of dinars from in-kind assets, and real estate assets, and land and plants are idle, and buildings experience and assets of the neglected, and the investments lost to ill departments, investment and opportunities for successful, the activities of the economy move and lift the burden of the state large burdens, and provide a quick and direct Saullac , serious economic reforms, can fiscal policy of tax and other help in providing more resources for the State of intelligent measures do not strain the citizen, the economy and the movement of Al-Ahli.
    Abdul-Mahdi stressed that "inflation does not exceed 2%, and the debt is high, and Iraq has oil wealth and large reserves of natural resources and of great investment opportunities, and these are all the temptations of an attractive, to lend Iraq and given the necessary facilities in different forms. Religion is not a defect or shortage, it is a economically, the need if they face in investment trends and possessed payment capabilities, and indeed, Iraq has always met its obligations when he was in the toughest conditions, the World Bank approved the granting of Iraq recently so I did not hesitate a loan of $ 1.2 billion on easy terms, on condition stop burning gas and ward off the risk of collapse of the Mosul Dam, and all these things are in the end, for the benefit of the economy and the country. "
    He pointed out that "what exists today in the Treasury - despite his weakness - no more than it was in the Treasury at the beginning of 2015, although it managed to Iraq in crossing safely despite a lot of difficulties, and the war against Daash and the destruction of many of the facilities, including the Baiji refinery, and recorded this matter of Finance and the central and prime minister, as it cut unnecessary expenditures, and spent only 63% of the budget of 2015, as well as by increasing production of oil and exports than planned, which offset the rate of loss due to falling prices, and achieved a net oil resources of $ 43.046 billion, driven them Full benefits the oil companies, that will be certainty (receivables) in 2016 lower than in 2015 ".
    The Minister of Oil that "the concern of the state and citizens legitimate concern, and must inform the public on the facts no matter how harsh, but the panic and the launch of rumors and lies and scaring people is harmful work, and the solutions will not provide a complete solution and a final, but it will help to relieve the pressure, and resolving the issue of liquidity It remains less complicated than resolving the issue of the economy as a whole, and the best opportunity to make radical reforms, reduce the country's dependence on oil, and launched the movement in the market economy and enliven the real sectors

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