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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


    Security fell dispels optimism Iraqi economy and pays for savings and the International Monetary tal

    Rocky
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    Security fell dispels optimism Iraqi economy and pays for savings and the International Monetary tal Empty Security fell dispels optimism Iraqi economy and pays for savings and the International Monetary tal

    Post by Rocky Wed 28 Aug 2013, 4:13 am

    Security fell dispels optimism Iraqi economy and pays for savings and the International Monetary talking about the "contradiction"

    August 2013 17:37 •


    Twilight News / sell Fawzi Hassan fruit, and candy at a booth in the center of Baghdad, but the occurrence of explosions in nearby him during the past few weeks beyond frightened and even customers are reluctant to him are now spending less than ever before.

    Hassan said 73-year-old who works in the street since he was ten years old "Whoever buys kilos of before it became only half kilo only. People suffer economically because their quest to earn a living is getting harder year after year."

    This pessimism highlights the deteriorating economic outlook in Iraq in recent months.A year ago, many Iraqis were optimistic that contribute to the country's oil wealth in the long-term prosperity is conducive to raising the standard of living and narrow the gap in the level of prosperity between rich Iraq and its neighbors in the Gulf over the next decade.

    However, the mounting political and sectarian tensions push to reduce business investment plans and economists to lower growth forecasts. But the country is reaping a fortune from oil exports, but the pace is slower and harder than hoped.

    Nahida Daini said a member of the Committee on the economy and investment in the Iraqi Council of Representatives, "won the security situation of the economy, investment and reconstruction and public services in Iraq."

    . The analyst said Majid picture of the Iraqi Economic Forum that prices fluctuated sharply as the state does not invest its funds improved.

    . It is believed that one of the main problems is the per capita consumption as it should be an engine of the economy but it is still relatively slow, despite economic growth of production may be the reason Iraqis trend of saving rather than spending.     و Iraqi converts some of their savings abroad in search of safety in countries such as Jordan.

    وقSuri said in his commentary, seen by "Twilight News" "missing Iraqis the incentive to continue their social and economic activities daily normally."

    Iraq has the largest oil reserves in the year, production rose at a rapid pace in a dec    ade since the U.S. invasion in 2003. And the International Monetary Fund said that it contributed to the rise in GDP per capita of more than four-fold to $ 6300 in 2012.

    The growth is due in part to the improved security situation as a result of the authorities response to bomb attacks and other acts of violence perpetrated by militants.. And boosted hopes that the economic expansion contributes to improving the standard of living in the decline in violence in a reciprocal manner.

    . But those hopes were dashed since the beginning of the year with renewed violence since the wake of Baghdad, on most days to the sound of explosions and sounds of ambulances and police and the roar of helicopters.     وارThe number of victims of sectarian violence across the country this summer to about a thousand people a month, the highest number in five years.

    وا. Turning to the impact daily business activities as checkpoints spread throughout Baghdad to cause the heaviest traffic motorists trying to avoid the result will be wasting a long time.

    . Again returned Iraqis to avoid crowded shopping areas prone to bomb attacks and it seems so obvious on the streets of the upscale Karrada neighborhood on the Tigris River where the banks are located.

    And said Zeinab Zkouk, 46-year-old is watching with her     ​​daughter on the clothes in the open market, "No one here because of the security situation. Immediately come back to our house because we are concerned. This is a sensitive place."

    . It was not bad security situation in urban areas to have much impact on the economy if the oil sector escaped of     براثنه but militants began targeting the industry due to its strategic role.

    And Iraq's oil exports reached 2.62 million barrels a day last November, the highest level in decades, and the co    untry hopes to eventually rise to six million barrels per day.

    . However, the security and maintenance problems led to the suspension upward trend and this month output reached 2.54 million barrels per day, which is less than the target set by the government for the current year at 2.9 million barrels per day.

    One of the main reasons for the decline in production damage caused by insurgent attacks Kirkuk pipeline, which was a period in the seventies for the transfer of 1.6 million barrels of crude per day to the Turkish port of Ceyhan on the Mediterranean. The attacks on the line I'm not at least this month.

    . Because of factors, including the security crisis gradually reduce the economists estimates of future growth in Iraq.     ف In April 2012 the International Monetary Fund forecast GDP growth of 13.5 percent in 2013 and 11 percent in 2014 but is now expected to grow by nine percent and 8.4 percent for two years.

    And exceed such growth rate of population increase means that the oil will contribute to the growing wealth of the country in the coming years if they provide a minimum level of security allowed to continue the work of the basic infrastructure of the time.

    Oil exports and allow a comfortable situation externally prevent its currency from exposure to heavy pressure. The International Monetary Fund estimates that Iraq's reserves of foreign exchange at about $ 70 billion is enough to cover imports of ten months, far behind countries such as Egypt and Tunisia, as sufficient reserves and imports period of not more than three to four months.

    وEven if the security situation continues to deteriorate may avoid the Iraq crisis in the balance of payments and the state budget, as is happening in other countries experiencing political turmoil but lacking in natural resources.

    However, the violence may hurt Iraq over the long term as it prevents a more equitable distribution of wealth. Under the government's preoccupation security challenges and policy differences fail to improve education, housing and infrastructure policies which are necessary to reduce unemployment and poverty.

    The International Monetary Fund said in a report "contradicts the positive trend of oil production and exports with the weak economic management over stalled political process and the deterioration of security."

    . And unofficial estimates put the unemployment rate at 11 percent in 2011, but the IMF says that the actual percentage is much higher, especially among the young.

    . And at least the age of about 40 percent of the population 15 years of age may result in their inability to find jobs in the coming years to exacerbate political tensions.

    و In southern Baghdad taxi driver complains Ahmad Abu Al-Hussein (44 years) from the difficulty in providing a living as a result of traffic jam بسببب the checkpoints. He said that the passenger's trip, which cost between six and seven dollars may take more than an hour.

    He went on saying, "Sometimes I do not get up on the value of the gasoline consumed., But the only way to count my family."


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