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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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    An economist determines why Iraq is moving toward internal debt

    Rocky
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    An economist determines why Iraq is moving toward internal debt Empty An economist determines why Iraq is moving toward internal debt

    Post by Rocky Thu 11 Jan 2024, 6:46 am

    An economist determines why Iraq is moving toward internal debt

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    [rtl]Economy News - Special[/rtl]
     
    [rtl]The economic expert, Mustafa Hantoush, revealed today, Thursday, the reason for Iraq’s move towards the theory of internal debt, while clearing is considered the “best option” to return these debts.[/rtl]
     
    [rtl]Hantoush said, in an interview with Al-Iqtisad News, that “Iraq, in recent years, has begun to move towards the theory of internal debt, due to the accumulation of funds in several funds, including the Retirement Fund, which relates to the state’s transactions amounting to more than 7 trillion dinars, the Social Security Fund, in addition to To the banks of Al-Rafidain, Al-Rasheed, and Al-Iraqi Trade Banks.[/rtl]
     
    [rtl]He added, "These banks now have deposits in very large amounts, and thus the state headed toward internal debt that amounted to more than 70 trillion dinars."[/rtl]
    [rtl]The economist called for "returning the debt to the retirement fund," noting that "there are two theories for restoring the internal debt. The first is related to repayment. This is a long theory, as governments will not be able to repay in this way in light of the presence of interest."[/rtl]
     
    [rtl]The other theory, according to Hantoush, is “clearing, which may bring about settlement operations for some internal debt, which has some risks, but it may be the solution available to the Iraqi state.”[/rtl]
     
    [rtl]Earlier today, an informed source revealed that the size of the Ministry of Finance’s internal debt had reached about 70 trillion dinars, indicating that the rise in internal debt was not a good indicator, especially since the government possesses liquidity, and it must work to structure the internal debt.[/rtl]




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