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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


    Warnings of a financial crisis and leave the investing companies

    Rocky
    Rocky
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    Posts : 272068
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    Warnings of a financial crisis and leave the investing companies Empty Warnings of a financial crisis and leave the investing companies

    Post by Rocky Mon 23 Jun 2014, 12:34 pm

    Warnings of a financial crisis and leave the investing companies

    June 23, 2014

    Expectations of non-fluctuating exchange rate of the dinar

    BAGHDAD - Khawla Ugaili

    Economists have warned of an economic crisis and fiscal and monetary events because of the current security and swung stop oil companies for some of their work with the parliamentary Economic Committee expected not dinar exchange rate fluctuation.

    A member of the parliamentary Economic Committee earlier Salman al-Musawi (time) yesterday that (budget dependent on imports of oil by 90 percent and must adopt and imports other than through a diversified economy with income) and pointed out that (the delay in approving the budget, his misdeeds of many related to new projects and the delay in appointments and install contracts), pointing out that (the budget divided by 60 percent for the operational expenses of the salaries of employees, retirees and maintenance expenses and other things related to circles the state and the remaining 40 percent are investment pertaining to new projects) stressing (the absence of crisis, monetary or economic there is no fear of the fluctuation of the dinar and Nuri al-Maliki the right exchange Maitalq old projects as a continuous work in as prime minister), noting that (there is a global studies indicate that the per capita income is good and the Iraqi revenues somewhat good)

    He said economic expert Majid picture and the presence of a financial crisis as a result of immigration and the hoarding of the dollar expected to stop the oil companies as a result of its destabilize the security situation currently.

    And said the picture of (time) yesterday (there is a likelihood of the occurrence of a financial crisis as a result of destabilizing the security situation and stop foreign companies some of their work, particularly oil), noting that (the presence of more oil companies in the south, which operate continuously and it is hoped that up production to 2.4 million barrels per day It is expected to raise to 4 million a day, but Kurdistan oil has a significant impact on budget revenues and issued 400 000 barrels per day), pointing out that (the lack of agreement between the province and the federal government on oil region will not be approving the budget), explaining that (the delay in the budget and current events weighed on new projects and lack of continuity of old projects and reduced oil imports frustrate any investment project new) noting that (any Mkhatrttalq salaries do not exist because the state revenues from the oil source is still present as well as the Central Bank reserves cover the revenue the country for more than a year), pointing that (the odds of having a cash crisis is unthinkable) afterthought (but there may be fluctuations in the exchange rate of the dinar as a result of the current crisis, which calls for buying the dollar for compactness as well as attempts to immigration).

    He pointed out that (there is an increased demand dollar cash and not on dollar remittances for traders but so far does not have any effect on import traders from providing currency but increased demand for the dollar cash may lead to oscillation currency rates), noting that the (risk of non-payment of salaries affected when transfer funds only).

    He added the picture (can not be excluded for any monetary crisis, economic or financial Unless solve all the problems and the political unification of efforts for economic development).

    Across citizens are worried that the monetary and financial crisis may prevent the distribution of salaries among employees and retirees.

    They said (time) yesterday (we are worried about the lack of liquidity in the chaos that pervades the country.

    We fear to keep our families without a resource, particularly the large number and have patients and students who need to pay greater attention to providing the needs of medicine, food and lessons tutoring for students as well as providing the wages of the transmission lines and the various stages), demanding (concerned to leave their differences and their interests aside and rely on the demands of the citizen to provide a decent living stable long- about their struggles, which claimed the people and the country), they said.

    He denied traders (market was affected volatile exchange rate of the Iraqi dinar against the U.S. dollar Aazin it to the lack of market power as a result of confusion and anticipation of the collapse of the security situation and what is happening currently in Mosul and Kirkuk, Salahuddin and Diyala), noting that the (affected by the occurrence of such crisis is committed companies with Doaúrath and that meet their requests because the delayed budget may impact negatively on the payment of the owed by the government to those companies) Mfattan that (the market is currently experiencing a recession and stable in some material prices, especially of food as a result of the shop citizens to large amounts of the basic needs of food a hedge for a crisis as a result of the acceleration of events security and the fall of Mosul in the hands of armed groups).

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