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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


    Deputy calls for preventing the currency exit and stop importing cars to cope with financial crisis

    Rocky
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    • Post n°1

    Deputy calls for preventing the currency exit and stop importing cars to cope with financial crisis Empty Deputy calls for preventing the currency exit and stop importing cars to cope with financial crisis

    Post by Rocky Wed 03 Feb 2016, 9:51 am

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    History of edits:: 2016/2/3 9:29 • 100 visits readable
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    [Baghdad - where] 
    Vice student from the Kurdistan Alliance, the government not to allow the exit of hard currency of the country in order to face the economic crisis.

    Said Majid Chenkali, told all of Iraq [where], "The solutions developed by the government about the economic crisis prosthesis solutions without looking at the reality of the problem and who is not by reducing salaries and adopt austerity only." 
    He added, "We are with the retrenchment but there are many things you should pay attention to it most importantly, the issue of the fight against corruption and not to allow the exit of hard currency out of Iraq Bossullac forged without knowing the materials that are imported, and to reduce the import of non-essential such as cars and material luxury and only the import of raw materials and raw materials needed by the Iraqi industries. 
    "He stressed Chenkali the need to" activate sector agricultural by granting agricultural loans, and the rehabilitation of factories stalled in Iraq and rely on the local product. 
    "He continued that" the Iraqi ministries, even when making a decision to rely on local product, unfortunately, does not work with, "stressing the need" to issue a decision to stop importing any product can be manufactured in Iraq. 
    "The Iraq faces a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, and total revenue which 81 trillion and 700 billion dinars. 
    The Office of the Prime Minister Haider al-Abadi, the central bank called Iraq to review its policy on "the smuggling of foreign currency." 
    A spokesman for the Office Saad al-Hadithi, for [where], that "the central bank's policies as an independent government can not be a party to work details and management of fiscal and monetary policy, they are within the jurisdiction of the central bank such as the sale foreign outlets currency, "adding that it" policy by the Bank as an independent body. 
    "However," but all the cases, the economic situation through which the country is difficult, and requires conduct reviews of all policies on financial management level, and monitoring and transmission of funds, and money laundering and currency smuggling Foreign outside of Iraq under the investment cap, "stressing that" this is very important. 
    "He pointed newborn that" the Iraqi currency by which to provide and pay a large part of it through the auction of the Central Bank, since the source of the money supply financial and liquidity may savers a large part of the citizens and that is not in the economic cycle. 
    "The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year 2015 more than Iraq's imports of foreign currency obtained from the sale of crude oil in the same year. 
    showed the document that revenues State of oil for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports Mnha.anthy 2
     


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