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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


    Al-Moussawi: invest a portion of the Central Bank's cash reserve will not affect the value of the di

    Hkp1
    Hkp1
    Hkp1
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    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    Al-Moussawi: invest a portion of the Central Bank's cash reserve will not affect the value of the di Empty Al-Moussawi: invest a portion of the Central Bank's cash reserve will not affect the value of the di

    Post by Hkp1 Sun 17 Feb 2013, 12:43 pm

    Al-Moussawi: invest a portion of the Central Bank's cash reserve will not affect the value of the dinar


    Published: 12: 14 pm, February 17, 2013 by jamal

    Baghdad
    (IBA). Member of the Economic Committee MP Salman al-Musawi, the
    investment of part of the cash reserves of the Central Bank in risk-free
    investment projects did not constitute any future damage to the value
    of the Iraqi dinar and the impact of the global economic shocks.

    He
    said in a statement cited by the independent press Association (IBA).
    The Central Bank has a large cash reserve can invest part of it in less
    risky investment projects contributing to the formation of an important
    resource and returns to the Reserve Bank and the Treasury, said: the
    survival of Iraq only supported on oil reserves and revenues is a major
    threat to the national economy "

    "The Central Bank law are not
    allowed to invest a portion of the cash reserves that the fear of
    withdrawal of a portion of this amount and invest in projects that lead
    to reduced reserves and undermine confidence in the value of the Iraqi
    dinar, adding: the withdrawal of part of the cash reserve will not
    affect the value of the Iraqi dinar and confidence in the future."

    "Dependence
    on the dominant oil sector on other sectors in economic practice risky
    oil and prices being dependent on world prices and therefore if there is
    a significant reduction in price would affect the economy."

    Al-Moussawi
    said that "unilateral Iraq revenue and 95% dependent on oil revenues
    and reserve is the subject of the threat and what the Iraq oil economy
    income diversity effect for income-generating sectors such as
    agriculture, tourism, trade, industry and investment, a fraction of the
    cash reserves of the Central Bank and can provide significant revenue
    for Iraq to add to the collection of taxes and fees".(End

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