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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


    Sudanese Advisor: The Central Bank’s reserves exceeded $110 billion in 2024

    Rocky
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    Sudanese Advisor: The Central Bank’s reserves exceeded $110 billion in 2024 Empty Sudanese Advisor: The Central Bank’s reserves exceeded $110 billion in 2024

    Post by Rocky Tue 16 Apr 2024, 5:34 am

    Sudanese Advisor: The Central Bank’s reserves exceeded $110 billion in 2024

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    Economy News - Baghdad
    The Prime Minister’s advisor for financial affairs, Mazhar Muhammad Salih, confirmed on Monday that the central bank’s reserve exceeds $110 billion in 2024.

    Salih said in an interview with “Al-Iqtisad News” that “Iraq is financially in a stable situation, given that oil prices are the basis of revenues.” The general budget for the year 2024 has been priced on the basis of $70 per barrel, while the average sales of Iraqi exported oil exceeds $80, which reduces the pressures of the planned deficit in the annual budget (which was approved for three years 2023, 2024, and 2025).”

    He added that "oil revenues actually constitute approximately 90% of the total revenues of the budget," noting that "the Central Bank of Iraq has foreign currency reserves that support the strength of the dinar, exceeding 110 billion dollars, and represents a high coverage of the dinar, which provides stability in the country." The general level of prices, as the Central Bank defends a stable exchange rate of 1,320 dinars per dollar.”

    He explained that “the average per capita income from the GDP is estimated at approximately $5,000 annually, excluding the price support or price subsidy paragraph in the general budget, which is estimated at 13% of the GDP (especially the subsidized food basket and fuel, and many semi-free government services.”) And supporting grains and farmers) is a real, invisible income to support individuals as well.”

    He continued, "The most prominent points of future planning are to support partnership with the private sector by providing guarantees for industrial projects provided by the government in order to import production lines. These guarantees represent 85% of the value of the industrial project. This will be done through the role of the (Iraqi Fund for Development), which will Also with youth loans and financing residential complexes as well.”

    He continued, "The other trend is the development path strategy, which represents the creation of international strategic partnerships with countries and international companies, to provide highly effective railway and transportation lines between the Gulf and Turkey via Iraq to Europe and vice versa. This is accompanied by the establishment of industrial cities and logistical services linked to the development path, which is a model of strong economic momentum." To get out of the problems of recession and unemployment.”


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