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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

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    Economic adviser recommends increased monetary issuance to support government spending

    Rocky
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    • Post n°1

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

    Post by Rocky Mon 18 Jan 2016, 3:15 am

    Economic adviser recommends increased monetary issuance to support government spending






    18/1/2016


    Baghdad world


    recommended economic adviser of the Presidency of the Council of Ministers of the advisers, on 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., Said Abdul Hussein Al-Anbuge that "The government has several options to diversify their sources, especially with the drop in oil prices of them," 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 have raise new cash issue by the Central Bank ", 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 for the purposes of 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 be the development and GDP rates.


    "The suffering of the Iraqi state at the present time of great challenges as a result of the drop in oil prices to below $ 30 per barrel, and while trying to provide staff and investment projects salaries, trying to also provide sufficient arms to fight al" Daash ", which took over some land.




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