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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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    After the rise in oil prices, a parliamentarian reveals the additional financial revenue for Iraq an

    Rocky
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    After the rise in oil prices, a parliamentarian reveals the additional financial revenue for Iraq an Empty After the rise in oil prices, a parliamentarian reveals the additional financial revenue for Iraq an

    Post by Rocky Sun 20 Jun 2021, 6:38 am

    [size=35][size=35]After the rise in oil prices, a parliamentarian reveals the additional financial revenue for Iraq annually[/size]
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    Economie

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    2021-06-20 | 04:39
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    Alsumaria news/Baghdad: The

    head of the Rafidain Parliamentary Bloc, Yonadam Kanna, confirmed today, Sunday, that the additional financial revenue for the state treasury annually, as a result of the high price of a barrel of oil globally, will reach 25 billion dollars, while he called on the government to take advantage of this surplus and reduce the dollar exchange rate to 125 thousand. Dinars for every $100.


    We were in an interview with Alsumaria News, "The price of a barrel of oil in the budget was 45 dollars per barrel and currently it is 70 dollars, which means a difference of 25 dollars per barrel, and if we know that every dollar increase in the price of oil brings us an additional annual revenue of one billion dollars, which means the total additional imports." It is $25 billion annually,” noting that “if this amount is determined for the remaining six months of this year, it means that there is a surplus of $12 billion and 500 million.”






    Kanna added, "This surplus and financial abundance require the government today to reverse the decision to raise the exchange rate of the dollar against the dinar, and to have it to its previous rate or at least reduce it to the price of 125,000 dinars per hundred dollars," noting that "the current situation has been affected by it." Most classes of society are workers, peasants, employees and earners, as the problem has become very big in the country and may lead to catastrophic social consequences if the government insists on its position, given that the only beneficiary of this situation is a small class of price speculators and the government should pay attention to this disaster to which it is exposed the Iraqian people".
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    He continued, "The prices in the markets have risen in varying degrees, some of which have risen to 25% and the other to 50 or 100%, and there is no follow-up from the regulatory authorities for this situation. The whims of speculators, in addition to following up on the file of hard currency sales, for which no goods come on the ground, but only import bills without real materials entering the country, where there is smuggling and currency bleaching, and the concerned authorities must stress these actions.
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