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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


    An economic expert rules out the possibility of establishing a sovereign fund in Iraq... and enumera

    Rocky
    Rocky
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    An economic expert rules out the possibility of establishing a sovereign fund in Iraq... and enumera Empty An economic expert rules out the possibility of establishing a sovereign fund in Iraq... and enumera

    Post by Rocky Wed 12 Jun 2024, 3:05 pm

    An economic expert rules out the possibility of establishing a sovereign fund in Iraq... and enumerates the reasons
    • Time: 06/12/2024 15:24:35
       
    • Read: 1,378 times

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    {Economic: Al-Furat News} An economic expert ruled out the possibility of establishing a sovereign fund in Iraq. 
    Salah Nouri, the former director of the Financial Supervision Bureau, told Al-Furat News Agency, “Sovereign funds are established to achieve mostly strategic development goals.”
    He stated that "most of the sources of financing for sovereign funds for countries that possess natural resources are from the surpluses of these sources (oil and gas) or foreign exchange surpluses." 
    He pointed out that "the management of sovereign funds is independent and highly experienced in successful investment and developing fund returns."
    Nouri continued, “From the above, I think Iraq is not prepared, as there are no surpluses from natural resources (oil and gas) for these funds. Rather, revenues from the sale of oil are depleted in the general budget in addition to resorting to borrowing (external and internal). On the contrary, Iraq is likely facing a financial sustainability deficit.” Borrowing results and benefits.
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