Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Warnings of "dire consequences" for Iraq and demands for financial action to avoid "disaster"


yota691
 Share

Recommended Posts

 
 
 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.

  • Thanks 3
  • Upvote 4
Link to comment
Share on other sites

24 minutes ago, yota691 said:
 
 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 

  • Like 2
  • Thanks 1
  • Haha 1
  • Upvote 5
Link to comment
Share on other sites

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 by jcfrag
  • Like 1
  • Upvote 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.