yota691 Posted April 22, 2020 Report Share Posted April 22, 2020 Warnings of "dire consequences" for Iraq and demands for financial action to avoid "disaster" 04/22/2020 02:20:26 Shafaq News / Deputy Ahmad Al-Jubouri called on the Iraqi Central Bank on Wednesday to compulsory lending from private banks with low oil prices in global markets and its impact on Iraq Al-Jubouri said in a statement today that "the central bank must carry out compulsory internal borrowing from private banks participating in the auction sale of the currency." He added, "The Ministry of Finance has also suspended funding for all projects for a year and diverted them to pay salaries, medicine and food, while stopping dual and fake salaries and retrieving them, and working to separate the phantom aliens." For his part, leader of the "wisdom" stream, Ammar Al-Hakim said that "what happened in the global oil market and the impact of major economies on its repercussions will reflect negatively on our national economy, which depends on the single rentier side in its financing and warns of dangerous consequences unless the repercussions of such tremors in the volatile oil market are not remedied. According to solid scientific plans that revitalize other resources to the national economy, such as agriculture, industry, investment and others. " He continued, "These sectors have the ability to operate the Iraqi hand and contain the armies of the unemployed. They are able to support the local product and switch to self-sufficiency and then export and thus compensate for the losses resulting from fluctuating oil prices." And increased talk in the recent days about the fate of salaries of employees and retirees in Iraq, which is estimated at millions after oil prices fell to low levels after a decrease in demand for it due to the outbreak of the Corona virus in most countries of the world. Iraq’s economy is classified as a rentier economy, as it depends more than 90% of its imports on its oil and gas exports. Economists have previously warned against pursuing this policy, but successive governments have ruled the country after 2003 and have not been able to find appropriate solutions to multiple resources. 3 4 Quote Link to comment Share on other sites More sharing options...
DoD Posted April 22, 2020 Report Share Posted April 22, 2020 24 minutes ago, yota691 said: Warnings of "dire consequences" for Iraq and demands for financial action to avoid "disaster" 04/22/2020 02:20:26 Al-Jubouri said in a statement today that "the central bank must carry out compulsory internal borrowing from private banks participating in the auction sale of the currency." He added, "The Ministry of Finance has also suspended funding for all projects for a year and diverted them to pay salaries, medicine and food, while stopping dual and fake salaries and retrieving them, and working to separate the phantom aliens." You can't help but love to see the scramble, hysterics an confusion with these thieves. It's pretty bad when they actually put it in print about the funding of their dual an fake salaries along with their phantom aliens. They all woke up this morning not knowing what or where they will be stealing from next, I think it's hysterical...LMAO 2 1 1 5 Quote Link to comment Share on other sites More sharing options...
patrick50 Posted April 22, 2020 Report Share Posted April 22, 2020 Great to see you back yota! It is crazy to see what these people are saying here they must be nuts! 2 1 Quote Link to comment Share on other sites More sharing options...
jcfrag Posted April 22, 2020 Report Share Posted April 22, 2020 (edited) They aren’t nuts, but definitely ignorant. Pretty sure they couldn't tell the difference between a hole in the ground and their arseholes. How many of the thieves will step up to even try to save Iraq? They can’t run to Iran to save Iraq. Iran has gotta be pretty well beat down by now, between US sanctions, Corona virus, and now the oil money all dried up and no longer in the bank..... they just fell into the well of despair...... Edited April 22, 2020 by jcfrag 1 1 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted April 22, 2020 Report Share Posted April 22, 2020 “ Flirtin’ With Disaster “ - It’s what they do. 2 2 Quote Link to comment Share on other sites More sharing options...
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