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Neno's Place Established in 2006 as a Community of Reality


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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


    Central Bank: the government did not reduce spending too much and need to be five trillion dinars fo

    Rocky
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    • Post n°1

    Central Bank: the government did not reduce spending too much and need to be five trillion dinars fo Empty Central Bank: the government did not reduce spending too much and need to be five trillion dinars fo

    Post by Rocky Thu 18 Feb 2016, 1:45 pm

    Central Bank: the government did not reduce spending too much and need to be five trillion dinars for salaries



    - Published in the February 18, 2016

    Facts - Baghdad

    The Central Bank of Iraq, Wednesday, that the government did not reduce spending too much, while noting it needs five trillion dinars for salaries, said the government will resort to borrowing to cover the deficit.

    The governor of the bank on the Keywords in an interview with Alsumaria's News "The government still has to five trillion dinars per month to cover the salaries and expenses of critical," noting that "these five when they do not have enough cover from the dollar from oil exports will certainly be covered by government borrowing It is what the government is doing now. "

    Keywords and added that "the decline in oil prices posed a significant strain on the financial resources are limited and make it under the current prices found with no accompanying cut government spending at the same rate."

    Keywords and pointed out that "expenses when they are not connected to cover the export of oil, it will be a pressure on the reserve, because these expenses will turn into a request to buy the dollar and therefore, this process will cut the reserve indirectly."

    Keywords emphasized that "the size of government spending when they do not have a cover of foreign currency, he resorted to borrowing to Ngtih difference."

    The Iraq is currently suffering from a decline in the general budget because of falling oil prices dramatically and who came to less than $ 30 per barrel because of Iraq's dependence on imports on the export of crude oil only without doing the rest of the other industrial sectors or agricultural, which left the government in big trouble related to their inability to pay salaries and other expenses.

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