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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


    MM&C 10/3/24 Central Bank comments on preparing the budget for next year

    Rocky
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    • Post n°1

    MM&C 10/3/24 Central Bank comments on preparing the budget for next year Empty MM&C 10/3/24 Central Bank comments on preparing the budget for next year

    Post by Rocky Today at 3:05 pm

    MM&C 10/3/24 

    [size=36]Central Bank comments on preparing the budget for next year[/size]

     
     

     
    MM&C 10/3/24 Central Bank comments on preparing the budget for next year 41181748-bb4d-4f46-aac1-51d85c8779c4
    Today 12:52
    Baghdad.. 
    The Central Bank of Iraq commented, today, Thursday, on preparing the budget for the coming year.
    Central Bank Board Member Ahmed Brihi told Al-News Outlet, "The government must prepare the budget for years based on the average price of a barrel of oil, not for each year."
    He explained, "This measure prevents the Iraqi economy from being affected even if the price of oil reaches $50."
    He added, "It is well known that the prices of oil, minerals and strategic agricultural materials are always changing, so countries whose economies depend on these commodities, including Iraq, must adapt their financial base according to these changes." 
     He added, "Since Iraq's economy still depends on oil by more than 90%, it must prepare its budgets based on the average price of a barrel of oil for a long period and not for each year."
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    This sounds like they are taking a more proactive stance and using the average price of oil over a period of years to offset shocks to the economy and the ability to pay expenses. imo ~ MM
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