Abadi adviser recommends increased monetary issuance to support government spending

[yota691]

Abadi adviser recommends increased monetary issuance to support government spending

 

Sunday January 17 2016 13:12

 

 

 

         

 

 

 

 

Alsumaria News / Baghdad 
Recommended adviser to Prime Minister Abdul Hussein Al-Anbuge, Sunday, an increase of cash to support the release of government spending, as called for the need to move away from external borrowing, he noted that the state is able to cover the salaries of employees during the current year. 

He said Anbuge in the 10-11 program, which aired Alsumaria "The government has several options to diversify private sources with low oil prices of them," adding that "direct debit from the central bank, which currently stands at $ 58 billion reserve is not preferred although it covers twice the money supply. "

 

 

Anbuge added that "the government can increase the issuance of new cash through the Central Bank", noting that "cash will be the best version of the withdrawal of the reserve where it would be possible that this version is used to support government spending." 

He called Anbuge government "not to seek to borrow outside, especially considering that the borrowing will be for consumption purposes purely such as salaries and the purchase of weapons, a non-profitable, while should be directed this borrowing for investment projects are utilized to reduce dependence on imported fill the local need." 

Anbuge stressed that "the state is able to cover the salaries of employees during the current year, but the effects of the drop in oil prices will have implications for development and GDP rates." 

Iraqi state is suffering at the present time of great challenges as a result of the drop in oil prices to below $ 30 per barrel while trying to staff and investment projects salaries believes they are trying to also provide sufficient arms to fight al Daash, which took over some land.

 

 

Noun 1. issuance - the act of providing an item for general use or for official purposes (usually in quantity); "a new issue of stamps"; "the last issue of penicillin was over a monthago"

issuing, issue

supplying, provision, supply - the activity of supplying or providing something

stock issue - (corporation law) the authorization and delivery of shares of stock for sale to the public or the shares thus offered at a particular time

 

[jeepguy]

issuance :  flood  the market with  the new dinar ? 

[10 YEARS LATER]

Are these people really that utterly clueless NOT to see what's ahead of them and what is at stake here ? Half of their brain is missing and the other half is out looking for it ? 

 

Deliberate articles, chock full of smoke to take folks off the scent, I would hope. If not, they the portray themselves as nothing more than hapless & incompetent fools not worthy to run an ice cream kiosk at the beach, let alone a country with the potential for great things and a bright future.

[Carrello]

These guys aren't missing anything. Some want continued failures of the current government and Abadi so that they can take back complete control to continue their plundering of Iraq and its people.  Intellect is not the problem:  it's corruption.

Edited January 17, 2016 by Carrello

[captl1]

These guys aren't missing anything. Some want continued failures of the current government and Abadi so that they can take back complete control to continue their plundering of Iraq and its people.  Intellect is not the problem:  it's corruption.

Well said!

[Laid Back]

Reserve of hard currency cover twice the money supply

Reserve of gold exceed 91 Tons

Time to increase the exchange rate and bring out lower denomination notes with more value.!

[yota691]

01/17/2016 16:05

Recommendations to increase the cash release

 

 

 

BAGHDAD / Obelisk: recommended adviser Prime Minister Abdul Hussein Al-Anbuge, Sunday, an increase of cash to support the release of government spending, as called for the need to move away from external borrowing, he noted that the state is able to cover the salaries of employees during the current year.

He said Anbuge told I followed 'Obelisk', that 'the government has several options to diversify private sources with low oil prices, including', adding that 'direct debit from the central bank, which currently stands at $ 58 billion reserve is not preferred although it covers the supply of money twice '.

He added that Al-Anbuge 'the government could increase the issuance of new cash by the central bank', noting that 'monetary issuance would be better to withdraw from the reserve where it would be possible that this version is used to support government spending'.

He called Anbuge government B'adm seeking to borrow outside, especially considering that the borrowing will be for consumption purposes purely such as salaries and the purchase of weapons, a non-profitable, while should be directed this borrowing for investment projects are utilized to reduce dependence on imported fill the local need '.

Anbuge stressed that 'the state is able to cover the salaries of employees during the current year, but the effects of the drop in oil prices will have implications for development and GDP rates'.

Iraqi state is suffering at the present time of great challenges as a result of the drop in oil prices to below $ 30 per barrel while trying to staff and investment projects salaries believes they are trying to also provide sufficient arms to fight al Daash, which took over some land.

 

[easyrider]

the new issuance of new cash is indeed the lower denoms and they know exactly what they need to do....issue the new LD's and raise the value of the dinar.

[Gypsygirl11]

You tell em Easyrider....lets get this party started!