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Showing results for tags 'collapse of the iraqi economy'.
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(What will Iraq do NOW?) By the numbers .. revealing the collapse of the Iraqi economy! Monday 9 March 2020 Baghdad / .. The Finance Committee in the Iraqi parliament, today, Monday, revealed a collapse in the Iraqi economy, due to the sharp decline in oil prices, while stressing that the salaries of employees are not in danger. Committee member Ahmed Hama Rashid said, "We rule out that the salaries of employees are at risk, that is, that they are contracted or make compulsory savings for them, despite the significant drop in oil prices." Noting that "the collapse of oil prices leads to a collapse in the Iraqi economy, and all A dollar falls from the price per barrel, Iraq loses approximately one billion dollars, and it is now down nearly 20 dollars from the price in the budget of Iraq, and Iraq currently lost 20 billion dollars. " And that "what is important in the matter is not the salaries of the employees that are payable, because there are debts payable and licensing rounds, because Iraq needs 80 billion dollars in order to pay what is the duty to pay, so we do not know where Iraq will get such money."
