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Date: 01/17/2016 13:26
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Information / BAGHDAD / ..
Detection and Oil Minister Adel Abdul-Mahdi, Sunday, possession of state institutions, estimated at tens of trillions of Iraqi dinars deposited with banks and financial accounts.
Abdul-Mahdi said in an article seen by Agency / information / "The state institutions has deposited in the banks tens of trillions of dinars financial accounts, and these funds mainly due to the ministries and companies."
He added that "some of these funds, can contribute to the establishment of funds and portfolios help generate more currency to help improve liquidity in the country and inject vitality in economic activities".
And between Abdul-Mahdi, that "citizens have the banknotes ranging from 30-40 trillion dinars, of course, and these funds are the property of the citizens, and did not enter the economic cycle or banks, it is considered the process of hoarding, and the freezing of funds."
He explained that "saving sense Economic must equal investment, and therefore can lure trillions of dinars to enter the session and the transition to a productive funds, invested all its consequences on the liquidity and other economic aspects, and will be considered a real reform of the transition from the cash economy to the banking sector, which is the mainstay of modern economies Betty and development. "
It is noteworthy that Iraq is witnessing a severe financial crisis after the fall in oil prices significantly large deficit in the balance of the year 2016, all of this with a high war on terror to liberate the country expenses. Finished / 25 R.
[You must be registered and logged in to see this link.]
Date: 01/17/2016 13:26
[You must be registered and logged in to see this link.]
Information / BAGHDAD / ..
Detection and Oil Minister Adel Abdul-Mahdi, Sunday, possession of state institutions, estimated at tens of trillions of Iraqi dinars deposited with banks and financial accounts.
Abdul-Mahdi said in an article seen by Agency / information / "The state institutions has deposited in the banks tens of trillions of dinars financial accounts, and these funds mainly due to the ministries and companies."
He added that "some of these funds, can contribute to the establishment of funds and portfolios help generate more currency to help improve liquidity in the country and inject vitality in economic activities".
And between Abdul-Mahdi, that "citizens have the banknotes ranging from 30-40 trillion dinars, of course, and these funds are the property of the citizens, and did not enter the economic cycle or banks, it is considered the process of hoarding, and the freezing of funds."
He explained that "saving sense Economic must equal investment, and therefore can lure trillions of dinars to enter the session and the transition to a productive funds, invested all its consequences on the liquidity and other economic aspects, and will be considered a real reform of the transition from the cash economy to the banking sector, which is the mainstay of modern economies Betty and development. "
It is noteworthy that Iraq is witnessing a severe financial crisis after the fall in oil prices significantly large deficit in the balance of the year 2016, all of this with a high war on terror to liberate the country expenses. Finished / 25 R.
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