The key calls for stimulating real sectors in the country to raise pressure on the central bank

by **Proven** Wed 20 Mar 2019, 5:51 am

Proven: NNP TEAM; Posts : 1858
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The key calls for stimulating real sectors in the country to raise pressure on the central bank

by Proven Wed 20 Mar 2019, 5:51 am

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The key calls for stimulating real sectors in the country to raise pressure on the central bank

Saturday, March 16th[/rtl]

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Governor of the Central Bank Ali Alaak

Iraq's economic policy is clear and uncomplicated. Indicating that Iraq depends entirely on oil exports in exchange for it gets the dollar, which is pumped through the budget as operating expenses, mostly salaries of employees.

Al-Alak said that these expenses turn into imports by 70%. Explaining that Iraq's revenues from oil occupy and adopt the economy of the country.

He pointed out that the problem is characteristic of us and we must turn the page of this model of economies and stimulate the real sectors in the country and the industry, agriculture, transport, tourism and others.

He added that the activation of the sector will contribute to the GDP and raise pressure on the central bank and limit the issuance of currency and the operation of human resources.

Ended

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