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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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    Alliance of Iraqi Economists: Central Bank Fiscal Policy Tools are Fake

    Rocky
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    • Post n°1

    Alliance of Iraqi Economists: Central Bank Fiscal Policy Tools are Fake Empty Alliance of Iraqi Economists: Central Bank Fiscal Policy Tools are Fake

    Post by Rocky Wed 12 Jul 2023, 6:51 am

    Alliance of Iraqi Economists: Central Bank Fiscal Policy Tools are Fake
    • Time: 07/11/2023 22:35:51
       
    • Read: 2,080 times

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    {Economic: Al Furat News} The head of the coalition of Iraqi economists, Uday Al-Alawi, described the Central Bank's monetary policy tools as "fake".
    The useful summary.. On important news, you can find it on Al-Furat News channel on Telegram.. [You must be registered and logged in to see this link.]
    Alawi said; For the program {Without Accusation} broadcast by Al-Furat TV channel this evening, Tuesday, that: “The government has a very big role in the basis of the raging chaos by raising and lowering the dollar, and the high exchange rate affected everyone and everyone affected by this crisis, and the central bank’s tools for implementing monetary policy are fake.”
     He added, "The commercial sector is now greatly affected, and 60-70% of the commercial movement has ended, and many factories have closed, as well as domestic tourism, due to the rate of raising housing amounts, and all Iraqi industrial raw materials are imported from abroad."
    And Al-Alawi added, "The private sector does not have confidence in the state's procedures due to the large number of problems it faces and has created a large gap between it and this sector, and 60% of the registrants do not work on the platform due to the absence of a message of reassurance."
    And he added, "Reassurance needs to solve problems with the tax that forces the merchant to pay it twice a year on his goods. On the other hand, companies have contracts and obligations with the state, and in the absence of a clearance, they are transferred to another person." 
    Al-Alawi continued, "The recovery of tax deposits is a very complex process that cannot be resolved, and we have a road map that regulates the exchange rate of the dollar within 3 months."
    He explained, "We do not have a monopolistic trade in Iraq, but a competitive one that made the profit of thousands of dollars for one dollar, and the reason for this is the central bank's policy. As for smuggling money, it is a lie and is carried out only by senior corrupt people, and increasing and decreasing the price of the dollar creates an exacerbating problem."
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