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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


Deputy: Finance increased the reserve by 4 billion and ignored the high rates of poverty, unemployme

rocky
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Finance - Deputy: Finance increased the reserve by 4 billion and ignored the high rates of poverty, unemployme Empty Deputy: Finance increased the reserve by 4 billion and ignored the high rates of poverty, unemployme

Post by rocky Tue 05 Oct 2021, 7:09 am

[size=36]Deputy: Finance increased the reserve by 4 billion and ignored the high rates of poverty, unemployment and inflation[/size]

political| 01:06 - 05/10/2021

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Baghdad - Mawazine News,
a member of the House of Representatives, Muhammad Shiaa Al-Sudani, responded, on Tuesday, to a statement by the Ministry of Finance regarding an increase in the cash reserve by 4 billion dollars.
Al-Sudani said in a tweet to him on the Twitter platform, which was reviewed by Mawazine News, that "Finance talks about increasing the cash reserve by 4 billion dollars, ignoring the significant rise in poverty, unemployment and inflation rates in the country, as a result of the decision to raise the dollar exchange rate."
Al-Sudani added, "The ministry did not implement its promises, according to the government program, to increase support for industry, agriculture, and the social protection network." Ended 29/A 4
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Finance - Deputy: Finance increased the reserve by 4 billion and ignored the high rates of poverty, unemployme Empty Finance indicates the highest reserves of hard currency recorded by Iraq in its history

Post by rocky Tue 05 Oct 2021, 7:38 am

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Finance indicates the highest reserves of hard currency recorded by Iraq in its history



Shafaq News/ The Ministry of Finance announced today, Tuesday, that the highest foreign currency reserves in Iraq amounted to 82 billion dollars in 2014.
The ministry said in its official statistics, which was seen by Shafak News Agency, that "the reserves of the Central Bank of Iraq witnessed their highest rise in July 2014, reaching 82 billion dollars," noting that "these reserves later decreased to reach 44 billion dollars in 2017."
She added, "The reserves fluctuated between 2020 and 2021 after the drop in oil prices and the rise in the dollar exchange rate in Iraq, as these reserves ranged between 45 billion and 61 billion dollars, noting that these reserves recorded 60 billion dollars in April of the year 2021."
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Finance - Deputy: Finance increased the reserve by 4 billion and ignored the high rates of poverty, unemployme Empty Finance: The change in the dollar exchange rate led to a decrease in the demand for foreign currency

Post by rocky Tue 05 Oct 2021, 8:14 am

Finance: The change in the dollar exchange rate led to a decrease in the demand for foreign currency and was positively reflected on the decrease in imports

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[rtl]Baghdad / NINA / - The Ministry of Finance confirmed that the devaluation of the currency against the dollar helped reduce the demand for foreign currency and positively affected the decrease in imports and the increase in local production.

And it said in a statement that it has continuously followed the indicators of devaluation against the dollar and over the past nine months, and the indicators show that the change in the exchange rate contributed to increasing the foreign reserves with the Central Bank of Iraq to “60” billion dollars in April 2021, after it was “54” billion dollars. In the month of December 2020, this came after the implementation of the reform measures.

"The statement explained, that the change in the exchange rate helped shares in a decrease in the demand for foreign currency and was positively reflected on the decrease in imports and the increase in domestic production."

He added that the indicators indicated Thassanoadh in commercial activity in the past nine months of the year 2021 in light of the crisis spread virus "COVID-19" has also helped to stop the Iraqi market shed and dumping of cheap goods that inhibit attempts to improve domestic production. "

The statement continued:" The ministry is working to reinvest the generated revenues with the aim of building a targeted production base outside the oil sector and relying on other sectors, which will contribute to a decrease in demand for the dollar as a result of compensating some of the goods produced, which made the proportion of imports to local consumption decline.

The statement indicated that "since the formation of the current government, the ministry has adopted plans and mechanisms to work on reforming Iraq's fiscal policy, and culminated in the adoption of the reform paper, the "white paper", which outlined future economic and financial policy steps to advance local production and reduce imports for the country. This measure also contributed to improving the state of the general budget. Reducing imports and moving towards encouraging local products and providing job opportunities[/rtl]


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Finance - Deputy: Finance increased the reserve by 4 billion and ignored the high rates of poverty, unemployme Empty Re: Deputy: Finance increased the reserve by 4 billion and ignored the high rates of poverty, unemployme

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