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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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Is Iraq compared to Iran and Lebanon economically.. Parliamentary committee clarifies

rocky
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parliamentary - Is Iraq compared to Iran and Lebanon economically.. Parliamentary committee clarifies Empty Is Iraq compared to Iran and Lebanon economically.. Parliamentary committee clarifies

Post by rocky Sun 06 Jun 2021, 7:56 am

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On Sunday, June 06, 2021, the Parliament’s Economy and Investment Committee commented on comparing the economic situation in Iraq with the Iranian and Lebanese situation, while in the same context, it indicated the stability of the rise of the US dollar against the Iraqi dinar, during the current year.

The severe decline in Iranian production and exports, due to the international sanctions led by the United States against Iran, led to the deepening of the recession in the country, which hampered sources of income, and caused a sharp decline in economic activity inside the country, in addition to laying off large numbers of workers in the Iranian oil sector.
In Lebanon, the country is going through successive crises, perhaps the worst of which is the collapse of the national currency and its loss of more than 85 percent of its value, which portends a comprehensive collapse that may result in unimaginable consequences, as well as the ongoing fuel crisis in the country.
All of this prompted many Iraqis to compare the Iraqi conditions after the severe economic crisis caused by the outbreak of the Corona virus and the decline in global oil production, which is the only economic resource for Iraq, followed by various crises in the health sector and the damage to the market and the Iraqi process by the decline in its value against the exchange rate of the US dollar.
A member of the Economy and Investment Committee in the Iraqi parliament, Mazen Al-Faili, told  IQ NWES , "Comparing the economic situation of Iraq with what is happening in Lebanon and Iran is a wrong issue, given that Iraq possesses a lot of economic resources as well as oil." 
Al-Faili added, "The dollar's exchange rates will remain fixed during the current year at the very least, and it cannot rise more than 145,000 Iraqi dinars per 100 US dollars, and the increase it is witnessing at the present time by a difference of two thousand to three thousand dinars is the result of speculations of traders and corrupt people who They are trying to manipulate the market." 
And the member of the House of Representatives stated, "The continued rise in oil prices in global markets will contribute significantly to the stability of the financial and economic situation in Iraq," adding that "the price of one barrel of oil will reach more than $77."
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