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As the international economic and health reports indicate the continuation of the decline in world oil prices, so that the average price now ranges between (20-30) dollars a barrel, the lowest price in 18 years, and this means that Iraq is in the state of current market prices and oversupply due to the policies of some OPEC countries and a decrease Global demand due to Corona and the economic recession will not be able to sell oil at a rate of no more than $ 20 a barrel, while a draft budget for 2020 adopted the price of oil $ 53 a barrel. This is an indication of the extent of the great damage to the Iraqi economy and the aggravation of the financial crisis that he will suffer during 2020.
Al-Nusairi stressed that this reality, which cannot be quickly and easily overcome, with the high costs of facing the Corona epidemic, which will not allow God to turn into a humanitarian catastrophe in front of the weak health system in Iraq and the lack of public commitment to the instructions and the curfew decided by the Health Crisis Committee, in addition to the lack of a full government The structural imbalance in the economic approach and the failure of all previous governments to not be able to stimulate and activate other economic sectors such as agriculture, industry and tourism to contribute the required amount to enhance non-oil revenues.
Association of Banks, Industry and Trade Federations, contractors, government economic and financial consultants, and from the private sector, and that the cell possesses the ability, courage, and determination to make critical and central economic decisions. This does not prevent the current health crisis cell from continuing its duties. The tasks of the crisis cell formed by the House of Representatives are: -
Fourth ‐ The government has not interfered in the Central Bank policy and given the full scope to solve the economic crisis in accordance with the bank's current excellent financial position and its previous successful experience in overcoming crises in 2015.
Fifth - the creation of a parallel parallel bank account consisting of government allocations, contributions from the central bank, the private sector, federations, sectoral organizations, businessmen, investors, companies, subsidies and international aid. It is managed by the entity that the crisis cell calls
and re- spends on the most sensitive aspects, recycling savings and according to exchange priorities and the development of oil revenues monthly .