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Established in 2006 as a Community of Reality

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Follow-up cell: The government may resort to borrowing and printing currency to provide salaries

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parliament - Follow-up cell: The government may resort to borrowing and printing currency to provide salaries Empty Follow-up cell: The government may resort to borrowing and printing currency to provide salaries

Post by rocky on Sat 28 Mar 2020, 1:50 am

[size=36]Follow-up cell: The government may resort to borrowing and printing currency to provide salaries[/size]

Economy | 05:14 - 27/03/2020

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Baghdad - Mawazine News
, The Follow-up Cell in the Prime Minister's Office revealed today, Friday, that the government will be able to distribute the salaries of the current month of March, while it will resort to some solutions to ensure the provision of salaries next month.
The head of the government follow-up cell, Mustafa Sanad, said in a radio statement followed by Mawazine News, that "Iraq's monthly income from oil is currently estimated at one billion dollars only (after the price of a barrel drops to 18 dollars)."
Sanad said, "The salaries of employees amount to 3 and a half billion per month, which may push Iraq to borrow or to print the currency as a last option," as the state of the state will be affected starting from the next month.


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parliament - Follow-up cell: The government may resort to borrowing and printing currency to provide salaries Empty The Iraqi government reassures employees and comments on "printing the currency"

Post by rocky on Sat 28 Mar 2020, 3:12 am

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The Iraqi government reassures employees and comments on "printing the currency"




 03/28/2020 03:04:04

Shafaq News / Advisor to the Iraqi Prime Minister reassured the appearance of Muhammad Saleh, on Saturday, that the salaries of their salaries are a priority for the government, while he indicated that the issue of printing the currency is merely a "personal opinion" and a proposal that is not consistent with the Central Bank Law .
"The salaries of the employees are among the priorities of the government and they have financial measures that will not lead to their stumbling," he said, explaining that our options to confront the financial situation are heading towards pressure of expenditures .
Saleh added, "There is a team working with the Ministerial Council to restructure state expenditures," noting that "the issue of printing the currency is merely a personal opinion and a proposal that is not consistent with the Central Bank Law ."
The head of the Follow-up Cell in the Prime Minister's Office, Mustafa Jabbar Sanad, said on Friday that it is likely that the process of delivering salaries will be affected during the month of April, pointing out that "the government may resort to the option of printing the currency recently put forward as a last option after the United States breached Commitment to the determinants of printing and initiating them, while pointing out that Iraq could print the currency to walk for one or two months, for example .
In turn, the economist Salam Semsem saw that resorting to this option (printing the currency) in the event that it is carried out by the concerned authorities, it represents a great disaster for the state in general, and for the citizens, and it will cause significant inflation in the markets .


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parliament - Follow-up cell: The government may resort to borrowing and printing currency to provide salaries Empty Governmental advisor: Paying insurance is a priority for the government and printing currency is a p

Post by rocky on Sat 28 Mar 2020, 6:16 am


Governmental advisor: Paying insurance is a priority for the government and printing currency is a personal opinion

11:35 - 3/28/2020



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Information / Baghdad ..
Adviser to the Prime Minister reassured the appearance of Mohammed Saleh, on Saturday, the employees that their salaries are one of the priorities of the government, while he indicated that the issue of printing the currency is merely a "personal opinion" and a proposal that is not consistent with the law of the Central Bank.
"The salaries of the employees are among the priorities of the government and they have financial measures that will not lead to their stumbling," he said, explaining that our options for facing the financial situation are heading towards pressure of expenditures.
Saleh added, "There is a team working with the Ministerial Council to restructure state expenditures," noting that "the issue of printing the currency is merely a personal opinion and a proposal that is not consistent with the Central Bank Law."
The head of the Follow-up Cell in the Prime Minister's Office, Mustafa Jabbar Sanad, said on Friday that it is likely that the process of delivering salaries will be affected during the month of April, pointing out that "the government may resort to the option of printing the currency recently presented as a last option after the United States breached Commitment to the determinants of printing and initiating them, while pointing out that [You must be registered and logged in to see this link.]  could print the currency to walk for one or two months, for example. Ended / 25


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parliament - Follow-up cell: The government may resort to borrowing and printing currency to provide salaries Empty Victory: The option to print currency is destructive to the economy

Post by rocky on Sat 28 Mar 2020, 6:20 am


Victory: The option to print currency is destructive to the economy

13:29 - 3/28/2020



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Information / Baghdad ..
A member of [You must be registered and logged in to see this link.]  Ali Al-Sunaid confirmed , on Saturday, that the options revealed by the head of the Follow-up Cell in the Prime Minister’s Office are options to face the financial crisis are catastrophic options for the state’s financial, economic and social security, calling on Parliament to hold the current government accountable for its reckless spending policies and abuse of power Management of public interests.
Sunaid said in a statement, which received / information / a copy of, that “this government inherited a cash surplus from the Abadi government that fought wars of liberation and unity with the lowest financial budgets, yet managed and rationally managed the wealth to deliver $ 14 billion to Abdel Mahdi’s government, in addition to the 2019 budget However, it has been wasted, and today we are on the threshold of a stifling financial crisis due to the deterioration of oil prices.
He added, "What the head of the follow-up cell mentioned is dangerous and puts the government in front of legal and political accountability. He said:" The state of the state will be affected starting next month (including the salaries of employees), which may push [You must be registered and logged in to see this link.]  to print the currency as a last option. "This threatens the state of the entire state." And it should not be covered politically and conclusively by the beneficiaries at the expense of the country and the citizen. ”
Al-Sunaid pointed out that " [You must be registered and logged in to see this link.]  always warned against the policies of waste, corruption and the deprivation of wealth, the last of which was its warning on the last 10 of March," calling for "a rapid recovery of the crisis and the development of valid and decisive solutions to ensure the financial and economic security of the state." Ended / 25


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parliament - Follow-up cell: The government may resort to borrowing and printing currency to provide salaries Empty Victory Coalition: the option of printing the currency is destructive to the economy and Parliament

Post by rocky on Sat 28 Mar 2020, 6:36 am

Victory Coalition: the option of printing the currency is destructive to the economy and Parliament must hold the government accountable

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{Baghdad, Al-Furat News} Al-Nasr coalition confirmed, on Saturday, that the option to print currency is devastating to the economy, stressing that Parliament must hold the government accountable.
A member of the Victory Ali Al-Sunaid coalition said in a press statement that "the options revealed by the head of the Follow-up Cell in the Prime Minister's Office yesterday, Friday, are catastrophic options for the state's financial, economic and social security." He called on Parliament to "hold the current government accountable for its reckless spending policies and misuse." Authority to manage public interests. "
He added, "This government inherited a cash surplus from the Abadi government, which fought wars of liberation and unity with the lowest financial budgets. However, with rational management of wealth, it managed to hand over $ 14 billion to the government of Abdul-Mahdi, in addition to the 2019 budget, but it was wasted, and today we are on the cusp of A stifling financial crisis due to the deterioration of oil prices. "
And Sunaid added that "what the head of the follow-up cell mentioned is dangerous and puts the government in front of legal and political accountability, saying that the state of the state will be affected starting next month (including the salaries of employees), which may prompt Iraq to print the currency as a last option, something that threatens the state of the whole state, and not It must be covered politically and conclusively by the beneficiaries at the expense of the country and the citizen. "
He pointed out that " a coalition of victory has long warned of waste policies, corruption and Tnahp wealth, and most recently warned on 10 March last," calling for " a quick remedy to the crisis and the development of viable and decisive solutions to ensure the security of the state 's financial and economic" .anthy
Ali al - Rubaie


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parliament - Follow-up cell: The government may resort to borrowing and printing currency to provide salaries Empty Financial Advisor: Currency printing is only a "personal opinion"

Post by rocky on Sun 29 Mar 2020, 2:53 am

Financial Advisor: Currency printing is only a "personal opinion"

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Advisor to the Prime Minister reassured the appearance of Mohamed Saleh, the employees, that their salaries are among the priorities of the government, while he pointed out: "The issue of printing the currency is just a" personal opinion "and a proposal that is not consistent with the Central Bank Law.

Saleh said in a press statement: "The salaries of employees are among the priorities of the government and they have financial measures that will not lead to faltering," explaining: "Our options for facing the financial situation are heading towards pressure expenses."

The advisor added: "There is a team working with the Ministerial Council to restructure the state's expenditures," noting: "The issue of printing the currency is just a personal opinion and a proposal that is not consistent with the Central Bank Law."

The head of the Follow-up Cell in the Prime Minister's Office, Mustafa Jabbar Sanad, said that the government might resort to the option of printing the currency, as an option.




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parliament - Follow-up cell: The government may resort to borrowing and printing currency to provide salaries Empty "Printing money" is the worst option in financing the budget deficit ... Nabil El-Marsoumi

Post by rocky on Sun 29 Mar 2020, 3:51 am


[size=41]"Printing money" is the worst option in financing the budget deficit ... Nabil El-Marsoumi


2020-03-29
[/size]
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Books: Dr. Nabil El-Marsoumi
There is no doubt that high inflation will be an inevitable result of printing money, which leads to an increase in money supply in the economy, and in light of the panic that afflicts people resulting from this situation, many individuals, families and even businessmen will resort to withdrawing their savings from banks and homes and directing them to the parallel market And converting it to the dollar, which means a crazy rise to the dollar and a further deterioration of the value of the dinar, and thus another deterioration of the purchasing power of the citizen. This is the situation that Iraq experienced during the economic embargo of 1990-2003 that led to excessive inflation and a terrible deterioration in the exchange rate of the Iraqi dinar, and therefore it is desirable D This option is in Iraq, especially since the Central Bank of Iraq law does not allow this, and it is possible to resort to other sources of financing, including: Using the surplus from the previous budget and internal and even external borrowing in the absence of a sovereign fund in Iraq from which a withdrawal can be made to cover the budget deficit as in the oil countries The other.


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parliament - Follow-up cell: The government may resort to borrowing and printing currency to provide salaries Empty Warnings from resorting to printing the Iraqi currency to get rid of the economic crisis

Post by rocky on Sun 29 Mar 2020, 6:15 am


Warnings from resorting to printing the Iraqi currency to get rid of the economic crisis

08:33 - 29/03/2020



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Information / private ..
The economic expert, Wissam Al-Tamimi, warned, on Sunday, of printing the Iraqi currency as it happened in the nineties of the last century, explaining that [You must be registered and logged in to see this link.]  will enter into a major economic crisis and will witness a significant rise in the exchange rate of the dollar.
Al-Tamimi said in a statement to "Information", that "the ongoing economic war between Saudi Arabia and Russia will end with the loss of one of the parties, especially Saudi Arabia, which will resort to reducing costs if it continues to reduce prices."
He added that " [You must be registered and logged in to see this link.]  should resort to other doors to finance the budget instead of oil, especially its tourist areas, religious shrines and holy shrines that can supply the budget with large funds, in addition to agriculture in light of its recovery in all provinces."
He explained that "the trend towards printing the Iraqi currency will return negatively to [You must be registered and logged in to see this link.]  especially after going into the experiment in the nineties of the last century, where the exchange rate of the dollar will rise and [You must be registered and logged in to see this link.]  will suffer a suffocating crisis due to its external debts that must be paid in dollars."
Al-Tamimi stressed the necessity of "resorting to gas and investing it optimally in order to offer it for export and to benefit from its imports to get out of the current crisis." 25 n ended


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parliament - Follow-up cell: The government may resort to borrowing and printing currency to provide salaries Empty Economist: Currency printing will enter Iraq in a major crisis

Post by rocky on Sun 29 Mar 2020, 6:53 am

Economist: Currency printing will enter Iraq in a major crisis

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The economist, Wissam Al-Tamimi, warned of [url=https://www.thebaghdadpost.com/ar/Story/t/145513/%D8%B7%D8%A8%D8%A7%D8%B9%D8%A9 %D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9]printing the[/url] Iraqi [url=https://www.thebaghdadpost.com/ar/Story/t/145513/%D8%B7%D8%A8%D8%A7%D8%B9%D8%A9 %D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9]currency[/url] as it happened in the nineties of the last century, explaining: " [You must be registered and logged in to see this link.]  will enter into a major economic crisis and will witness a significant increase in the exchange rate of the dollar."

Al-Tamimi said in a press statement: " [You must be registered and logged in to see this link.]  should resort to other doors to finance the budget instead of oil, especially its tourist areas, religious shrines and holy shrines that can supply the budget with large funds, in addition to agriculture in light of its recovery in all provinces."

He explained: "The trend towards [url=https://www.thebaghdadpost.com/ar/Story/t/145513/%D8%B7%D8%A8%D8%A7%D8%B9%D8%A9 %D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9]printing the[/url] Iraqi [url=https://www.thebaghdadpost.com/ar/Story/t/145513/%D8%B7%D8%A8%D8%A7%D8%B9%D8%A9 %D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9]currency[/url] will return negatively to [You must be registered and logged in to see this link.]  , especially after going through the experiment in the nineties of the last century, where the exchange rate of the dollar will rise and [You must be registered and logged in to see this link.]  will suffer a suffocating crisis due to its external debts that must be paid in dollars."

Al-Tamimi stressed: "The necessity of resorting to gas and investing it optimally in order to offer it for export and benefit from its imports to get out of the current crisis."

F.A.




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