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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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    Economists: believes in hard currency smuggling profits "penalty" for banks "involved"

    Rocky
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    • Post n°1

    Economists: believes in hard currency smuggling profits "penalty" for banks "involved" Empty Economists: believes in hard currency smuggling profits "penalty" for banks "involved"

    Post by Rocky Mon 10 Jun 2013, 6:21 pm

    Economists: believes in hard currency smuggling profits "penalty" for banks "involved"

    11/06/2013 (00:01 pm)



    BAGHDAD / Press-term

    Warns economists Iraqis from the possibility of "escape" investors from the country and stop a lot of projects or "degradation" of the value of shares as a result the deterioration of security and political crisis, revealing the existence of "smuggling" of hard currency from Iraq in a "legitimate and illegitimate" believes profits "penalty" for banks "involved" to do so.

    The head of the Federation of private banks, Manaf Al-Badri, said in an interview to (range Press), "The investor coward and looking for a safe environment to work," noting that "the deterioration of the security situation and the worsening financial and administrative corruption alienate investors and confuse their work in Iraq."

    Badri adds, that "the deterioration of security has forced many investors are shareholders in banks and international organizations on Iraq aversion, leading to deprive him of the loans that finance economic projects."

    For his part, says speculator in the Iraqi market for securities, Jihad Ali, in an interview to (range Press), "The deteriorating security situation witnessed by Iraq now, began to cause migration of capital from Iraq," noting that "a lot of financial stocks fell to less than one cent, compared to the price of shares outside of Iraq, which witnessed a remarkable increase. "

    Explains Ali, that there is "operations to smuggle hard currency from Iraq legally and illegally, providing huge profits for the banks of Iraq," pointing out that "the political situation volatile also contributed to the decline in the real value of projects and the flight of investors from the country."

    And the buyers and sellers, in Baghdad, expressed in recent weeks for fear of the impact of security implications on the economic situation, especially after the reluctance of traders provinces for shopping capital of approximately threatens their work seriously and pushes them to think about the transfer of their business to the Kurdistan region, and expect a rise in food prices, considering that the current situation reminds them of the years of sectarian violence, while an economist warns that the continued deterioration of security to paralyze the economy and declining investment.

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