GOVERNMENT: IRAQ’S TOTAL IMPORTS UP TO USD50 BN IN 2016

[Wiljor]

Iraq, November 22, 2017 

The worth of Iraq’s total foreign imports surged to USD50 billion in 2016, according to a government official who spoke on Tuesday.

Abdul-Zahra al-Hindawi, a spokesperson of the Iraqi Ministry of Planning, was quoted saying that Iraq’s imports of petroleum products and staple commodities surged by 18 percent from 42USD billion in 2015 to USD50 billion in 2016, an increase of 18 percent.

The official said said that resembled a growth rate of 15 percent from 2014.

Hindawi explained that petroleum imports alone stood at USD2 billion, a drop of 12 percent from 2015.

He added that non-petroleum imports through seaports stood at nearly USD43 billion, while recording nearly USD4 billion through land ports and only 100 billion Iraqi dinars through airports.

IraqiNews

 

http://iraqdailyjournal.com/story-z16255400

[Laid Back]

Just imagine when they go international, every thing  will increase.... All the imports, and exports  all the trading, all the taxes.the dinar, the purchasing power.

 

Go RV

Go $1:1

[zul]

3 hours ago, Wiljor said:

Iraq, November 22, 2017 

The worth of Iraq’s total foreign imports surged to USD50 billion in 2016, according to a government official who spoke on Tuesday

 

Imports represent an outflow of funds from a country......., this is why Iraq needs a strong domestic currency which will then make these imports cheaper.