Abadi draw to secure an appropriate amount Khawwalat treasury of the central bank

by **Rocky** Fri 15 Jan 2016, 3:35 am

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Post n°1

Abadi draw to secure an appropriate amount Khawwalat treasury of the central bank

by Rocky Fri 15 Jan 2016, 3:35 am

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Thursday January 14 2016 20:46

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Alsumaria News / Baghdad
The face of Prime Minister Haider al-Abadi, Thursday, securing an appropriate amount Khawwalat treasury of the Central Bank, as called for measures to activate the non-oil revenues.

Ebadi said Office in a statement Alsumaria News received a copy of it, that "crisis cell held a meeting today under the chairmanship of Prime Minister Haider al-Abadi," noting that "it was during the meeting emphasized the need to take a package of measures to address the financial situation in light of the large collapse in oil prices Global, which reached its lowest level in 12 years and the consequent lack of state revenues. "

And the face of al-Abadi, according to the statement, to "secure an appropriate amount Khawwalat treasury of the central bank as well as discuss measures to activate the non-oil revenues, and utilize what is stated in the general budget for 2016 on obtaining the wages and services in the ministries and local governments to enhance the funding allocations and to ensure completion of the work and activities and so as to provide adequate services. "

Abadi stressed the "promotion of sobriety national banks and moving procedures stimulate the private sector, especially after the adoption of lending mechanisms industrial and agricultural sector and housing projects."

It is noteworthy that the country is experiencing a severe financial crisis as a result of the sharp and sustained decline in oil prices, with the price per barrel fell to below $ 30 for the first time in more than a decade.

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by **wciappetta** Fri 15 Jan 2016, 3:39 am

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Post n°2

Re: Abadi draw to secure an appropriate amount Khawwalat treasury of the central bank

by wciappetta Fri 15 Jan 2016, 3:39 am

This is being done under the direct supervision of the IMF staff monitoring program so it is part of the solution...

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