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Sayegh (time): To Amajaov on the Iraqi economy in light of recent actions
- September 21, 2015
Tinge of optimism erase the expectations of the collapse of the dinar and drowning debt
Sayegh (time): To Amajaov on the Iraqi economy in light of recent actions
BAGHDAD Qusay Munther
Expressed economic expert contrary goldsmith optimism about the future of the Iraqi economy in light of recent measures taken by the Government in collaboration with the private sector which, referring to the global expectations of higher oil prices, the end of this year or the beginning of next year to reach $ 70 per barrel, which means an increase Iraq's revenues from crude oil export.
He said the goldsmith's (time) yesterday that the (market data and the reality of growth on the economics of an impact in the energy and the level of supply and demand, which regulates the oil market, where there is potential for some countries is the ability to output and exports, in addition to the entry of some producers to market recently led to decline in crude prices to what it is now), pointing out that (there is a global expectations of the rise of oil prices to rates ranging from $ 70 to $ 80 a fair price because of the decline of some small companies producing shale oil and thus reflected it on the demand in the market and will lead this retreat to return things to the best levels in the coming months), confirming that the (oil prices at the moment are useless even for companies that have an impact on the global market, which is working to raise prices to compensate for the losses experienced in the previous period).
And on warnings that the year ahead will witness a significant decline in Iraqi cash reserves, jewelery (said I do not agree with these statements, especially since the government has adopted a program and the policy of strategic partnership with the private sector and in cooperation with experts and Mokhtsaan in this regard, where he was working in this direction and direct government institutions implementation of follow-up from the Office of the Prime Minister Haider al-Abadi to run the file correctly and therefore there will be positive results in the coming months which will see the return of industry and enterprise as well as it will support the national industry and boost the Iraqi economy), explaining that (the launch of the $ 5 Trillions dinars to support the industrial, agricultural, commercial projects and the trillion dinars to support small projects in collaboration with private and public banks will move Iraq from the specter of the financial crisis).
He pointed out that (there is a package of measures so that the money goes to the priorities needed by the community and therefore will be the results in favor of the community in the coming years and subsequent years), explaining that (the government does not need to go to a reserve of cash and all indications are that a sound position where will the coming months complementary to this year and there will be implications and consequences of these decisions as well as it will refrain unemployment in the country).
The former Minister of Communications Mohammed Tawfiq Allawi has warned of the collapse of the country's economy because of the decisions taken by those responsible for the economic file, which he said, adding that next year will see a significant reduction in the cash reserve.
Allawi said in a statement that (there is the impossibility to increase oil prices to previous levels, and that the arrival of the price of oil to more than eighty dollars a barrel is a near impossibility because of shale oil production in the foreseeable future), probable (the descent of the price of oil to $ thirty levels or even less over the next year due to an increase Iranian production).
He said that (those responsible for the economic file make decisions will make the country's economy is collapsing without taking deliberate steps to save the country from collapse), pointing out that the (next year will see a significant reduction in the cash reserve and we will have to reduce the dinar or rather the collapse of the dinar) He continued that (thefts Bank Central are still going on in full swing
The difference between the price offered in 1190 to the dollar and the selling price in 1223 which is 33 points, or that there are 2.8 cents per dollar and the central bank a month now to sell $ 3.8 billion and more than half of this amount is sold in the market), adding (in this year steal more than $ 600 million from the citizen, although this category soaked in the euphoria of what achieve profits and trying to patch up the situation by borrowing without thinking about the results, and will suffer citizens suffering is unprecedented after a few years while sinking the country into debt and the benefits of the debt and the collapse of the dinar) , According to him.
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- September 21, 2015
Tinge of optimism erase the expectations of the collapse of the dinar and drowning debt
Sayegh (time): To Amajaov on the Iraqi economy in light of recent actions
BAGHDAD Qusay Munther
Expressed economic expert contrary goldsmith optimism about the future of the Iraqi economy in light of recent measures taken by the Government in collaboration with the private sector which, referring to the global expectations of higher oil prices, the end of this year or the beginning of next year to reach $ 70 per barrel, which means an increase Iraq's revenues from crude oil export.
He said the goldsmith's (time) yesterday that the (market data and the reality of growth on the economics of an impact in the energy and the level of supply and demand, which regulates the oil market, where there is potential for some countries is the ability to output and exports, in addition to the entry of some producers to market recently led to decline in crude prices to what it is now), pointing out that (there is a global expectations of the rise of oil prices to rates ranging from $ 70 to $ 80 a fair price because of the decline of some small companies producing shale oil and thus reflected it on the demand in the market and will lead this retreat to return things to the best levels in the coming months), confirming that the (oil prices at the moment are useless even for companies that have an impact on the global market, which is working to raise prices to compensate for the losses experienced in the previous period).
And on warnings that the year ahead will witness a significant decline in Iraqi cash reserves, jewelery (said I do not agree with these statements, especially since the government has adopted a program and the policy of strategic partnership with the private sector and in cooperation with experts and Mokhtsaan in this regard, where he was working in this direction and direct government institutions implementation of follow-up from the Office of the Prime Minister Haider al-Abadi to run the file correctly and therefore there will be positive results in the coming months which will see the return of industry and enterprise as well as it will support the national industry and boost the Iraqi economy), explaining that (the launch of the $ 5 Trillions dinars to support the industrial, agricultural, commercial projects and the trillion dinars to support small projects in collaboration with private and public banks will move Iraq from the specter of the financial crisis).
He pointed out that (there is a package of measures so that the money goes to the priorities needed by the community and therefore will be the results in favor of the community in the coming years and subsequent years), explaining that (the government does not need to go to a reserve of cash and all indications are that a sound position where will the coming months complementary to this year and there will be implications and consequences of these decisions as well as it will refrain unemployment in the country).
The former Minister of Communications Mohammed Tawfiq Allawi has warned of the collapse of the country's economy because of the decisions taken by those responsible for the economic file, which he said, adding that next year will see a significant reduction in the cash reserve.
Allawi said in a statement that (there is the impossibility to increase oil prices to previous levels, and that the arrival of the price of oil to more than eighty dollars a barrel is a near impossibility because of shale oil production in the foreseeable future), probable (the descent of the price of oil to $ thirty levels or even less over the next year due to an increase Iranian production).
He said that (those responsible for the economic file make decisions will make the country's economy is collapsing without taking deliberate steps to save the country from collapse), pointing out that the (next year will see a significant reduction in the cash reserve and we will have to reduce the dinar or rather the collapse of the dinar) He continued that (thefts Bank Central are still going on in full swing
The difference between the price offered in 1190 to the dollar and the selling price in 1223 which is 33 points, or that there are 2.8 cents per dollar and the central bank a month now to sell $ 3.8 billion and more than half of this amount is sold in the market), adding (in this year steal more than $ 600 million from the citizen, although this category soaked in the euphoria of what achieve profits and trying to patch up the situation by borrowing without thinking about the results, and will suffer citizens suffering is unprecedented after a few years while sinking the country into debt and the benefits of the debt and the collapse of the dinar) , According to him.
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