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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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    Keywords confirms that Iraq is unable to pay all its obligations to the world

    Rocky
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    Keywords confirms that Iraq is unable to pay all its obligations to the world Empty Keywords confirms that Iraq is unable to pay all its obligations to the world

    Post by Rocky Thu 17 Mar 2016, 2:16 pm

    Keywords confirms that Iraq is unable to pay all its obligations to the world





    17/3/2016

    The governor of the Central Bank of Iraq today, that Iraq is able to repay its loans and obligations of the countries of the world, and said that Iraq can not be stopped short of bankruptcy.

    Keywords and said in his speech at the Fourth Forum of Sulaymaniyah during the second day at the American University in Sulaimaniya Thursday, "said the general budget for Iraq did not give a clear and transparent image while reading so that we can explain effective solutions to them."

    He said about the fiscal deficit and the economic crisis, "must we have a foreign currency balance as well as balance in Iraqi currency, so we can know our needs , "he said , adding," we can not reach Iraq to the point of bankruptcy. "

    he stressed the Keywords," Iraq today is able to pay all its obligations to the world through external revenue in foreign currency . " .

    he pointed out , that " the surplus of the bank benefit from the Ministry of Finance during a foreign currency conversion into local currency to meet the local needs."

    he said, "this surplus fully turn into expenses and this defect, because the government consumes Ahtejadtha of foreign currency, not the central bank reserves as some understand it differs from the government 's reserves of foreign currency. "

    he added," in Iraq is to cover local expenses by 90% of the foreign currency and this is a big glitch at the government. "

    he revealed," is the budget deficit to loans and these cover the loans creates inflation , which must be a problem It is borne by the central bank. "

    Held Sulaymaniyah Forum under the supervision of the international regional and Research Institute at the American University and will continue on 16 and March 17 2016 with the participation of several political figures in Iraq and the Kurdistan region and the world, the forum held in March of each year, and was the first forum held in March year 201,312 entitled " geopolitical changes in the Middle East , "..


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