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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

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    Parliamentary Finance: The Global Oil Crisis "Temporary" and employees' salaries are secured for a f

    Rocky
    Rocky
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    employees - Parliamentary Finance: The Global Oil Crisis "Temporary" and employees' salaries are secured for a f Empty Parliamentary Finance: The Global Oil Crisis "Temporary" and employees' salaries are secured for a f

    Post by Rocky Mon 23 Mar 2020, 2:42 am

    Parliamentary Finance: The Global Oil Crisis "Temporary" and employees' salaries are secured for a full year

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    Sunday, March 22, 2020
     339

    Parliamentary Finance: The Global Oil Crisis "Temporary" and employees' salaries are secured for a full year
     
    Baghdad / Omar Abdul Latif
    The House Finance Committee has promised that the global crisis of low oil prices is temporary, stressing that the salaries of employees are secured for a whole year.
    Committee member Dr Ahmed al-Saffar told Al-Sabah that the global crisis of low oil prices is temporary and may not last more than a month or two at most, noting that the causes are known to be the outbreak of the virus "Corona" in the world and its impact on large production plants in Japan, China and Europe, which led to a reduction in oil demand, the entry of producers war prices and flooding the market with crude oil, which led to the decline in its prices.
    He said oil-exporting countries could not take further losses and could end the crisis in the next month or next.
    He added that iraq is a country with central bank cash reserves and can use domestic or external reserves, as well as means related to monetary policy, open market operations, interest rate or legal reserves of banks.
    He hinted that Iraq could also resort to external borrowing in case of emergency and crisis after it was blocked in last year's budget.

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