? Why oil minister suggested to pass the current financial crisi

? Why oil minister suggested to pass the current financial crisi

01/18/2016 23:12

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Ft Oil Minister Adel Abdul-Mahdi, economic solutions and simplified explanation of the economic situation the country is going through these days, and keeping an open situation in the coming days.

Adel Abdul-Mahdi wrote in his page on the social networking sites Facebook, "is still the situation of the Central Bank of reassuring despite the decline in the reserve but has reserves of more than $ 50 billion, and compared to all, it has been the reserve in mid-2003 non-existent almost, oil and imports less than 20 percent of what is Today, despite low prices, and foreign debt exceeds 120 billion dollars, 

and the interior in the highest level, and imports plunging markets, although the bank reserves is not the property of the government, but it represents a guarantee to move the economy, through the monetary instruments and exchange and interest rates, banks and secondary markets to help the government. "

He said Abdul-Mahdi said "the state institutions deposited financial accounts in banks tens of trillions of dinars, and the money belonging mainly to the ministries and companies, but some of this money, can contribute to the establishment of funds generate more currency to help improve the liquidity of the state."

He pointed out that "citizens with banknotes ranging from 30-40 trillion dinars, and the money, of course, are the property of the citizens, and did not enter the economic cycle or the banks they are considered hoarding process, and the freezing of funds, and is well known that the saving economic sense should be the equivalent of investment,

and therefore can lure trillions of dinars to enter the session and the transition to a productive money, invested all their results on liquidity and on the other economic aspects, and it will be considered a real reform to move from the cash economy to the banking economy, which is the mainstay of modern economies and lever development. "

He added that "the state-kind assets and real estate assets and land and industrial plants idle and buildings desolate, and the investments lost to mismanagement, and with a serious economic reforms and with the fiscal policy of tax and other help in providing more resources for the State of intelligent measures the economy Ahli move."

He said that " Inflation percent, and debt is high, in addition to the possession of a good fortune and large oil reserves, natural resources and great investment opportunities, all this will be a good temptations to lend Iraq money. "


He added that "what is experienced by the citizen and the countries of concern is the project", noting that "the state must inform the public opinion on the facts no matter how harsh the condition not to be alarming to the citizen through the launch of lies and rumors."

He concluded Mahdi "The solutions will not provide a complete solution and a final, but it will ease the pressure, and will resolve the issue of liquidity, and the best opportunity to make radical reforms, reduce the country's dependence on oil, and launched the movement in market economics and enliven in various real sectors."

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