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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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    Adviser to Al-Kazemi: Iraq will not fall into economic collapses or reach the state of Lebanon

    Rocky
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    • Post n°1

    Adviser to Al-Kazemi: Iraq will not fall into economic collapses or reach the state of Lebanon Empty Adviser to Al-Kazemi: Iraq will not fall into economic collapses or reach the state of Lebanon

    Post by Rocky Thu 29 Jul 2021, 6:29 am

    Adviser to Al-Kazemi: Iraq will not fall into economic collapses or reach the state of Lebanon

    •  Time: 07/29/2021 08:16:24
       
    •  Reading: 702 times

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    {Local: Al Furat News} Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, ruled out that Iraq would go through economic crises similar to what Lebanon is going through today, because Iraq has an important resource, which is oil, and it is of high financial strength.
    The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
    Saleh said, in a press statement, that "the economic situation of Iraq is good and it is unlikely that we will reach what Lebanon has reached, as it has collapsed in banking and in tourism. As for Iraq, it has a strong financial leverage that is oil revenues. It is true that we are considered a rentier country, but it has resources that are constantly being spent and it is considered sustainable for life, even if it is There are risks for the future as it is dependent on oil prices, but the oil sector leads to cohesion in the economy in any way,” noting that “monthly 6 billion dollars of oil revenues enter the country, except for other revenues, and the government spends all of them.”
    He added, "Iraq will not fall into economic collapses, in addition to the fact that the central bank accounts are strong at the present time and began to rise, and the efficiency indicators are also efficient," noting that "the devaluation of the dinar exchange rate has affected the economic situation, as most of the materials are imported due to the suspension of the industry and the country is an importer, and this has an effect." In purchasing power, there are things on the other hand, materials that have not changed and remained constant, such as government services.”
    He continued, "The economic situation is improving, which may affect some people and needs to address policies, which is important for how to address the poor and disadvantaged classes."
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