Expert warns of economic "crisis stifling" because of the delay in approving the budget

[yota691]

Expert warns of economic "crisis stifling" because of the delay in approving the budget

24/02/2014 09:49 

 

BAGHDAD / Source News / economic expert warned .. peace Sumaisem, Monday, that Iraq was on the verge of a severe economic crisis due to the delay in approving the General Budget Law and the wrong policies of the government. 

She Sumaisem Agency / Source News /, that "Iraq will face a severe economic crisis as a result of the wrong policies of the government through the decisions of the central bank, which cut Sarsrv the dinar against the dollar and set b / 1200 / dinars per dollar, and imagine what will be the exchange rate of the dinar in the market the black. " 

"The failure to approve the budget during this month will create a big problem in terms of the delay in payment of salaries and the loss of liquidity among citizens, as currently suffering from the Kurdistan region," indicating that "this loss will lead to the emergence of financial and economic problems in the country."

He stressed the need to Sumaisem "The executive and legislative authorities to expedite the approval of going forward to fend off part of the economic problem that Snusbanda", urging the central bank on the importance of "reconsider its decision on the reduction of the exchange rate of the dinar against the dollar." Finished / 19 n 

 

[sandfly]

THANKS

[vomer]

Sounds like the dinar value issue is in the new budget.

[siberian_shaddow]

Thanx Yota, if they were to add value to there currency they wouldn't have to argue and fight they would all become rich and fat. Go Rv