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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Statement from the Finance: A competent agency that adjusts the 'outlook' for Iraq, following govern

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 272498
    Join date : 2012-12-21
    • Post n°1

    Statement from the Finance: A competent agency that adjusts the 'outlook' for Iraq, following govern Empty Statement from the Finance: A competent agency that adjusts the 'outlook' for Iraq, following govern

    Post by Rocky Thu 25 Mar 2021, 8:35 am

    Statement from the Finance: A competent agency that adjusts the 'outlook' for Iraq, following government measures

    [ltr]2021.03.25 - 10:47[/ltr]


    [You must be registered and logged in to see this image.]
    [size=16]li    [/size]
    Baghdad - People  
    The international credit rating agency "Fitch" announced, on Thursday, that the outlook for Iraq will be amended from negative to stable, while indicating the rise of its credit rating globally after it was given a better outlook.  
      
    [You must be registered and logged in to see this link.]  
      
    The Ministry of Finance said in a statement, which "people" received a copy of (March 25, 2021), that "the report submitted by Fitch International Credit Rating Agency praised the financial measures adopted by the Iraqi government as part of its reform policy for the course of the Iraqi economy."  

    The statement added, "According to the report of the aforementioned agency, the credit rating of Iraq was modified from a negative outlook - last year to a stable outlook."  
    The statement indicated that "the new classification comes to reflect the continuation of foreign currency reserves at a level that exceeds the external public debt service and the state's ability to fulfill its financial obligations and the reform steps included in the white paper and the efforts of the Ministry of Finance and its effective contribution to reducing the value of the expected deficit of the general federal budget."  
    The statement explained, "In addition to the procedures related to changing the exchange rate of the Iraqi dinar, which had the effect of relieving pressure on foreign reserves and recovering global oil prices during the first quarter of this year."  

    The statement continued, "The agency confirmed in its report an optimistic view of the high rates of growth of the Iraqi economy during the current year 2021 in conjunction with the high volume of oil revenues and measures to reform the financial and economic policy of the Iraqi government."
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Mon 24 Jun 2024, 8:01 am