Home
Adviser to the Prime Minister: a red line staff salaries and does not lead to any action deducted
August 21, 2015
Said Prime Minister for Economic Affairs Kadhim al-Hassani adviser said the government was expecting such a large decline in oil prices, and has been dealing since the adoption of the budget by the parliament according to this prediction has taken some action group aimed at the sustainability of the Iraqi economy movement and others believe the employees of government Wade said the prime minister salaries He insists that red line staff salaries will not allow any action leads to discount them.
Hassani said in remarks addressed to the agency our economy news that "the government has taken several actions in advance to avoid a drop in oil prices in particular, and that since the adoption of the budget oil prices were volatile Among these measures the issuance of treasury bonds and obtain loans from the World Bank and head to the local lending in order to avoid external borrowing costs , as well as the revitalization of investment projects during the launch of the Central Bank of the private banks sectoral program and the allotted 5 trillion dinars, and these are all steps to ensure the continuity of the economic sector movement in Iraq. "
As for the employees' salaries or know the fixed costs and the extent hit by lower oil prices, he said al-Hassani "crisis cell in the Council of Ministers has taken a series measures to provide local liquidity cover staff, including the salaries of the issuance of bonds to sell the dollar on credit to Iraqi businessmen to provide local currency and can be used for the purposes of Aimanah or the issuance of letters of guarantee, and the package of reforms concerning the abolition of positions and reducing the salaries of officials also had a role in providing for sizeable amounts of local currency. "
And between al-Hassani said "the directives of Prime Minister always emphasizes the salaries of employees of any economic effect of immunization and say it's a red line."
He revealed Hassani that Iraq suffers from a scarcity of liquidity of the local currency but that does not mean that the Iraqi dinar falls He told our economy that "to Iraq to cover the local currency higher than 140%, while the world is required to secure the cover of any currency in the world 75% and this week was Iraqi dinar rises against the dollar and this confirms the strength of the Iraqi dinar. "
He concluded his statement that Al-Hassani crisis cell has a meeting this week will take him a package of measures and ask the group's ideas to reduce the impact of falling oil prices on the Iraqi economy
[You must be registered and logged in to see this link.]
August 21, 2015
Said Prime Minister for Economic Affairs Kadhim al-Hassani adviser said the government was expecting such a large decline in oil prices, and has been dealing since the adoption of the budget by the parliament according to this prediction has taken some action group aimed at the sustainability of the Iraqi economy movement and others believe the employees of government Wade said the prime minister salaries He insists that red line staff salaries will not allow any action leads to discount them.
Hassani said in remarks addressed to the agency our economy news that "the government has taken several actions in advance to avoid a drop in oil prices in particular, and that since the adoption of the budget oil prices were volatile Among these measures the issuance of treasury bonds and obtain loans from the World Bank and head to the local lending in order to avoid external borrowing costs , as well as the revitalization of investment projects during the launch of the Central Bank of the private banks sectoral program and the allotted 5 trillion dinars, and these are all steps to ensure the continuity of the economic sector movement in Iraq. "
As for the employees' salaries or know the fixed costs and the extent hit by lower oil prices, he said al-Hassani "crisis cell in the Council of Ministers has taken a series measures to provide local liquidity cover staff, including the salaries of the issuance of bonds to sell the dollar on credit to Iraqi businessmen to provide local currency and can be used for the purposes of Aimanah or the issuance of letters of guarantee, and the package of reforms concerning the abolition of positions and reducing the salaries of officials also had a role in providing for sizeable amounts of local currency. "
And between al-Hassani said "the directives of Prime Minister always emphasizes the salaries of employees of any economic effect of immunization and say it's a red line."
He revealed Hassani that Iraq suffers from a scarcity of liquidity of the local currency but that does not mean that the Iraqi dinar falls He told our economy that "to Iraq to cover the local currency higher than 140%, while the world is required to secure the cover of any currency in the world 75% and this week was Iraqi dinar rises against the dollar and this confirms the strength of the Iraqi dinar. "
He concluded his statement that Al-Hassani crisis cell has a meeting this week will take him a package of measures and ask the group's ideas to reduce the impact of falling oil prices on the Iraqi economy
[You must be registered and logged in to see this link.]
