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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Economist: The banking system in Iraq put a miserable and high oil prices will not solve the financi

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 281403
    Join date : 2012-12-21
    • Post n°1

    Economist: The banking system in Iraq put a miserable and high oil prices will not solve the financi Empty Economist: The banking system in Iraq put a miserable and high oil prices will not solve the financi

    Post by Rocky Tue 10 May 2016, 4:52 pm

    Economist: The banking system in Iraq put a miserable and high oil prices will not solve the financial crisis




    History of edits:: 2016/5/9 11:48 

    {Baghdad} Euphrates News saw a legal expert on behalf of Jamil Antoine, said on Monday that the banking system in Iraq put a miserable, while stressing that the rise in oil prices will not solve the financial crisis in the federal budget.

    He said Antoine told {Euphrates News} Today, that "the Iraqi budget in a state of very large deficit initially exceeds 16% on the basis of the price of a barrel of oil to $ 45, only to drop a barrel of oil in the past six months, up to $ 30, led to more deficit ".

    He pointed out that "any rise in oil prices will reduce the budget deficit and thus save Iraq from borrowing from international organizations and bonds internal and get rid of many obligations," explaining that "organizations are when they lend money do not give grants, but put certain conditions, such as raises fuel prices or raise the ration card prices It is difficult in the current circumstances. "

    He continued, "With the increase in oil prices up to $ 50 a barrel then would reduce the budget deficit and opens the way for the Iraqi government to pay the debt and ease the burden on in addition to the economic budget move to create jobs at home now, there are economic paralysis in the private sector and non-payment of the government's commitments in addition to the the banking system in Iraq in desperate situation and this has exacerbated the problem and held over. "

    And that "when high oil prices will ease the crisis is not resolved but we have to take advantage of the run production capacities {agricultural, industrial and tourism} to reduce dependence on oil proceeds."

    It jumped Brent crude oil prices, on Monday, to $ 46.08 per barrel.

    The price of WTI US median of $ 45.55 a barrel at 0033 GMT, up 89 cents, or two per cent from the previous closing price.

    The price of Brent crude rose 71 cents, or 1.6 percent, to $ 46.08 for the first Brmel.anthy


    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Wed 27 Nov 2024, 2:32 pm