Iraq is moving to reduce the price of the dinar or mortgage oil to cope with economic crisis
Iraq is moving to reduce the price of the dinar or mortgage oil to cope with economic crisis
Sunday 10 January 2016 | 11:22
BAGHDAD / … expected the parliamentary finance committee member Majda al-Tamimi, Sunday, to take the government’s “failed measures” to address the fiscal deficit, indicating that the government will move to reduce the price of the dinar or mortgage oil.
She said Tamimi’s “Eye Iraq News,” I “I expect that the government take a” failed measures “in its quest to meet the fiscal deficit and provide funds for the salaries of the staff.” , Pointing out that “successive governments have failed to manage the economic file and put people Tadmt non-specialists and do not have the expertise to manage the country’s economy.”
Tamimi explained that “the government is expected to tend to reduce the value of the Iraqi dinar against the dollar or mortgage Iraqi oil for decades to come,” asserting that “these two options Sadharan the Iraqi economy and the citizen significantly.”
He said the Iraqi Central Bank, to address the financial situation in the country would only be done through the promotion of sectors “real”, as he emphasized that the bank’s board is the only body authorized according to the law determining the dinar exchange rate.
The prime minister Haider al-Abadi stressed, that the collapse of world oil prices would be a “force” for Iraq and the “benefit” of stimulating positive, as called for activating the single window in the investment, he expressed regret for the decline in palm cultivation in Iraq. It ended 12
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