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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


    New figures on Iraq's external debt... Saudi Arabia and Kuwait are at the forefront

    Rocky
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    New figures on Iraq's external debt... Saudi Arabia and Kuwait are at the forefront Empty New figures on Iraq's external debt... Saudi Arabia and Kuwait are at the forefront

    Post by Rocky Tue 11 Apr 2023, 4:07 am

    [size=35][size=35]New figures on Iraq's external debt... Saudi Arabia and Kuwait are at the forefront[/size]
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    Economy

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    2023-04-11 | 03:11
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    Alsumaria News - Economy

    Economic specialists revealed new figures related to the external debt attached to Iraq, revealing the countries that own the largest sums of these debts.


    The economist said[url=https://www.alsumaria.tv/Entity/3517594793/%D9%86%D8%A8%D9%8A%D9%84 %D8%A7%D9%84%D9%85%D8%B1%D8%B3%D9%88%D9%85%D9%8A/ar/]Nabil Al-Marsoumi[/url]In a post I followed[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url], that "external debt suspended on[You must be registered and logged in to see this link.]amounted to 40.401 billion dollars," noting that "[url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url]I reached a settlement agreement with Morocco and Brazil, and there is progress in the negotiations with Egypt, Poland, Pakistan and Turkey."
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    He added, "The bulk of this debt is for Saudi Arabia and[You must be registered and logged in to see this link.]No agreement has yet been reached with them, knowing that the original debt to Saudi Arabia was $12 billion[You must be registered and logged in to see this link.]6 billion dollars, and this is what can be considered a debt from the documents provided, which can be subject to the Paris Club agreement, which obliges[You must be registered and logged in to see this link.]Not to conclude any agreement with any creditor to reduce the debt by less than 80%, and the rest of the claims cannot be considered as debt. Because it is a mixture of several components, including:

    First: exporting oil for the benefit[You must be registered and logged in to see this link.]In the neutral zone between the two countries, as Saudi Arabia agreed with[You must be registered and logged in to see this link.]To produce the equivalent of 1.3 million barrels of oil per day and market it for the benefit[You must be registered and logged in to see this link.].

    Second: Pay off debts[You must be registered and logged in to see this link.]to others or guarantee[You must be registered and logged in to see this link.]their direction, as Saudi Arabia pledged to enhance the creditworthiness of the government[You must be registered and logged in to see this link.]Previous and outsourcing attempts to obtain loans from the global financial markets.

    Third: processing[You must be registered and logged in to see this link.]By civilian means that serve the war effort, such as vehicles, transporters, iron for military sites, and barbed wire. And that these were specifically donations and support for the war effort.

    Fourth: Providing facilities in Saudi and Kuwaiti ports and exemptions from transit fees and customs clearance, as Saudi Arabia allowed the extension of a pipeline to export Iraqi oil through its territory.[You must be registered and logged in to see this link.]He does not see that all of this is loans because there is no evidence to prove this, as it is possible that they are gifts or aid, especially since the political motive was behind that aid.

    As explained by the financial advisor to the Prime Minister[url=https://www.alsumaria.tv/Entity/2988319674/%D9%85%D8%B8%D9%87%D8%B1 %D9%85%D8%AD%D9%85%D8%AF %D8%B5%D8%A7%D9%84%D8%AD/ar/]Appearance of Muhammad Saleh[/url]Earlier, the 'Reserves[You must be registered and logged in to see this link.]of foreign currency has reached its highest levels in the financial history of Iraq and has now touched 115 billion US dollars.[/size]
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