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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


    Abadi adviser recommends increased monetary issuance to support government spending

    Rocky
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    • Post n°1

    Abadi adviser recommends increased monetary issuance to support government spending Empty Abadi adviser recommends increased monetary issuance to support government spending

    Post by Rocky Sun 17 Jan 2016, 7:53 am

    Abadi adviser recommends increased monetary issuance to support government spending1/17/16


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    Recommended adviser to Prime Minister Abdul Hussein Al-Anbuge, Sunday, an increase of monetary issuance to support government spending, as called for the need to move away from external borrowing, he noted that the state is able to employees' salaries to cover during the current year. He said Anbuge to Sama Baghdad that "the government has several options to diversify their sources especially with the drop in oil, including prices, "adding that" direct debit from the central bank, which currently stands at $ 58 billion reserve is not preferred although it covers the supply of money twice. "He added Anbuge" The government could increase new monetary issued by Bank Central, "noting that" monetary issuance would be best to pull the reserve where it would be possible to use this version to support government spending. "He called Anbuge government" not to seek to borrow outside, especially considering that the borrowing will be consumer purely such as salaries and the purchase of weapons, a non-profitable , while should be directed this borrowing for investment projects are utilized to reduce dependence on imported fill the local need. "He stressed Anbuge that" the State is able to employees' salaries to cover during the current year, but the effects of the drop in oil prices will have implications for development and GDP rates total. "The suffering of the Iraqi stateat the present time of great challenges as a result of the drop in oil prices to below $ 30 per barrel while trying to provide staff and investment projects the salaries they are trying to also provide sufficient arms to fight al Daash, which took over some land
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