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


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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


2 posters

    Inflation threatens Iraq and predicted drain the country's reserves of hard currency

    Rocky
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    • Post n°1

    Inflation threatens Iraq and predicted drain the country's reserves of hard currency Empty Inflation threatens Iraq and predicted drain the country's reserves of hard currency

    Post by Rocky Mon 10 Feb 2014, 6:56 am

    Inflation threatens Iraq and predicted drain the country's reserves of hard currency





    10-02-2014 01:40 PM



    Free -

    Said the International Monetary Fund that the Iraqi government if it goes forward in the implementation of its plans the spending for the year 2014, they will be recorded inflation record and drain the country's reserves of hard currency, with an eye analyst economical Australian that Iraq needs a 'long list' of projects to develop it as well as projects that are needed for reconstruction.
    said Director of the IMF mission in Iraq, Carlos Sdralafj he was' at a time when world wants to buy any quantity of oil produced by Iraq, the infrastructure, the old country in the areas of production and export of oil works to block it ', pointing out that' Iraq needs to access a barrel to $ 105 at the very least to be able to balance the budget, a rate higher than any other oil-producing countries'.
    pointed Sdralafj that 'the Iraqi government if it goes forward in the implementation of its plans the spending for the year 2014, they will be recorded inflation rate Standard and drain the country's reserves of hard currency ', referring to' the existence of a structural problem because the financial performance of the country depends on oil revenues and that this dependence is increasing. 'turn, said CEO of Crescent Petroleum UAE's Majid Jafar, which amounts to the company's investments in oil projects and gas in the Kurdistan region of up to 1.5 billion dollars, that 'there are sites and wide are still unexplored in Iraq and that the exploration for oil and gas are considered in the early stages now, and expected that' Iraq has the largest reserves of oil and gas in the Middle East '.
    sees Fund International Monetary IMF that Iraqi oil production could increase from its current level of three million barrels per day for up to five million barrels per day by 2018, and this is in line with the estimates and the International Energy Agency IEA connecting oil production to six million barrels per day by the year 2020, and with more ambition seeks Iraqi government to reach its objective of producing nine million barrels per day by the end of the decade.
    , for its part, said analyst economic Courtney Trinot from the University of Onakung Australian, in a study it published site Arap Bzenz, that 'Iraq does not need just a long list of reconstruction projects, but to the development of a country is one of the oldest civilizations of the world and a budding 'unexpected' increase in oil revenues, much of the country by the end of this decade. 'and cites analyst Trinot through its' what she said Director of the largest banks Iraq commercial where Hamdiya dry during the forum Iraqi banking, which was held recently in Dubai, that Iraq still need basic infrastructure, as well as the development of the reconstruction of cities to three million housing units with industries and investments advanced in the field of energy with the need for health institutions and service '.
    indicated Trinot that 'the growth does not mean they are in Iraq lame, but Iraq has the highest rate of growth rates of GDP for any economy above the rate of 50 billion dollars, and put in the IMF ahead of countries such as China, Libya, India and Qatar ', indicating that the' phenomenal growth rate that depends entirely on the oil left with small percentages an estimated 10% confined to the scope of the small private investment currently taking place in the country '.



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    Neno
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    • Post n°2

    Inflation threatens Iraq and predicted drain the country's reserves of hard currency Empty Re: Inflation threatens Iraq and predicted drain the country's reserves of hard currency

    Post by Neno Mon 10 Feb 2014, 10:19 pm

    Said the International Monetary Fund that the Iraqi government if it goes forward in the implementation of its plans the spending for the year 2014, they will be recorded inflation record and drain the country's reserves of hard currency, with an eye analyst economical Australian that Iraq needs a 'long list' of projects to develop it as well as projects that are needed for reconstruction.
    Second article I have read catching up about this... :(
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