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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


    Central Bank: Bad debt increased by 18%

    Rocky
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    • Post n°1

    Central Bank: Bad debt increased by 18% Empty Central Bank: Bad debt increased by 18%

    Post by Rocky Mon 22 Mar 2021, 7:31 am

    [size=52]Central Bank: Bad debt increased by 18%[/size]

    [size=45]Yesterday, Sunday, the Governor of the Central Bank of Iraq announced that the Corona pandemic has led to an increase in bad debts by 18% during the year 2020, which requires the adoption of treatments that simulate the data of reality.[/size]
    [size=45]The Central Bank of Iraq stated in a statement that (Al-Mada) received a copy of it, that “The Governor of the Central Bank of Iraq, Mustafa Ghaleb, is terrifying. Bahrain banks, Adnan Youssef, and the head of the Iraqi Private Banking Association, Wadih Al-Handal, which was attended by a number of Iraqi and Arab specialists and experts, ”noting that“ this symposium comes in light of the international and local endeavor to find effective solutions that can support different sectors to contribute to sustainable development. ”[/size]
    [size=45]According to the statement, Mkhaif said, "The Central Bank of Iraq has taken a series of measures to confront the effects of the Corona virus on the economy," noting that "the pandemic has led to an increase in bad debts by 18% during the year 2020, which requires taking treatments that simulate the data of the Iraqi reality, especially security and legal. “.[/size]
    [size=45]He pointed out that "changing the exchange rate of the dinar against the dollar contributed to enhancing financial sustainability as a result of the high volume of foreign reserves and the strengthening of public finances, which increases the reliability of investors, low production costs, increased competitiveness of domestic goods and the balance of payments balance through a decrease in the volume of foreign imports."[/size]
    [size=45]And that "the biggest challenge is to re-invest the revenues generated from the process of reducing the exchange rate, which must contribute to building a production base outside the oil sector to act as a financial lever for the Iraqi economy and rid it of the problem of unilateral financial resource."[/size]
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