Home
Economist: lower oil prices and the growing disbursements reasons behind the decline of the country's economic growth
6/10/2015
Said economic expert on behalf of Jamil Antoine, on Tuesday, said the drop in oil prices main reason for the lack of support for the Iraqi economy in conjunction with the growing disbursements, which include the displaced and equipping security forces with weapons and equipment led to the decline in the economic growth of the country.
He said Antoine in an interview with "direction Press" that imports shrank from $ 300 million to $ 150 million and keep the central bank on the cash reserve was allocated under a parliamentary decision to sell the dollar amounts set at $ 75 million a day and earned more than the offer request led to a rise in the dollar price and the decline of the local currency, which is the interface and the means of the Iraqi economy, noting that in order to restore the activity of new ones must be enabled other industrial, agricultural and tourism resources to contribute to the return of the Iraqi dinar against the dollar to climb.
He added that there are many Antoine action by the Prime Minister's Office through the formation of working groups to improve the economic reality and to compensate for declining oil revenues.
Having witnessed the Iraqi dinar declined abruptly in price against the dollar and other hard currencies than it was before the adoption of the state budget, warned a number of experts and specialists in the financial and economic of the continuing decline of the Iraqi dinar exchange rate against the US dollar and its impact on the economic situation in the country's affairs, calling During the central bank to take quick action and effective solutions for the sake of the stability of the dinar exchange to save the national economy price.
[You must be registered and logged in to see this link.]
6/10/2015
Said economic expert on behalf of Jamil Antoine, on Tuesday, said the drop in oil prices main reason for the lack of support for the Iraqi economy in conjunction with the growing disbursements, which include the displaced and equipping security forces with weapons and equipment led to the decline in the economic growth of the country.
He said Antoine in an interview with "direction Press" that imports shrank from $ 300 million to $ 150 million and keep the central bank on the cash reserve was allocated under a parliamentary decision to sell the dollar amounts set at $ 75 million a day and earned more than the offer request led to a rise in the dollar price and the decline of the local currency, which is the interface and the means of the Iraqi economy, noting that in order to restore the activity of new ones must be enabled other industrial, agricultural and tourism resources to contribute to the return of the Iraqi dinar against the dollar to climb.
He added that there are many Antoine action by the Prime Minister's Office through the formation of working groups to improve the economic reality and to compensate for declining oil revenues.
Having witnessed the Iraqi dinar declined abruptly in price against the dollar and other hard currencies than it was before the adoption of the state budget, warned a number of experts and specialists in the financial and economic of the continuing decline of the Iraqi dinar exchange rate against the US dollar and its impact on the economic situation in the country's affairs, calling During the central bank to take quick action and effective solutions for the sake of the stability of the dinar exchange to save the national economy price.
[You must be registered and logged in to see this link.]
