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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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    Finance Committee rejects the government's attempts to use the cash reserve

    Rocky
    Rocky
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    Finance Committee rejects the government's attempts to use the cash reserve Empty Finance Committee rejects the government's attempts to use the cash reserve

    Post by Rocky Mon 01 Feb 2016, 10:15 am

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    01/02/2016
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    BAGHDAD / JD / .. the parliamentary finance committee revealed, for the federal government to try to use the cash Balaanaat of hard currency the central bank to face the current financial crisis, stressing rejection of all attempts that would affect the amount of the reserve.
    A member of the committee MP Ahmed Sarhan told / JD /: that there are serious attempts by the federal government with the help of cash Balaanaat to face the economic situation that the country is currently going through.
    He added that his committee rejects all attempts that would lead to a decrease in the size of monetary reserves because it will affect the local currency exchange rate, noting that the Finance Committee met with the Governor of the Central Bank on the Keywords confirmed last to maintain the reserve, whatever the size of the pressure it receives.
    Iraq has suffered from a major financial crisis due to lower world oil prices.
    And world oil prices recorded a significant decline over the past days where Brent crude reached $ 27 a barrel.
    And oil revenues make up 93% of federal budget revenues from Iraq. / End / 8 /

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