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Expert: external borrowing will destroy the Iraqi economy in the coming years
10.11.2015
He praised the economic expert Abdul Hassan al-Shammari, Sunday, warning supreme religious authority in a speech yesterday the first Friday of the danger of external borrowing, stressing that external borrowing will destroy the local economy in the coming years.
Al-Shammari said L / scales News / "The opinion of the Supreme religious authority very excellent reason to save Iraq from external problems that will occur in the near future because the borrowing Sakpl Iraq harsh conditions may strain the future budgets in the coming years and this is not in the interest of Iraq because the loans very large sum exceed nine billion dollars, "stressing" the need to find quick solutions within the general budget for the abolition of these loans and not to borrow again. "
He said economic expert, that "at the price of 1160 dollar selling to those who are fleeing funds and private banks is possible to raise the price of the dollar to 1500 and this will increase in the budget, a trillion and a half trillion if lifting the dollar, and thus the abolition of these loans," adding that "raising the price of the dollar will lead to reduced consumption thus reducing imports, leading to contraband currency cut out of Iraq by imports placebo and this will generate on Iraq $ 20 billion convey to the investment budget, and thus the establishment of new projects and operation of the unemployed and the eradication of poverty in Iraq, and that the reference warning of external borrowing is the opinion properly and correctly reflects for the love of the homeland and save Iraq's destruction of its economy in the near future. "
It is said that "representative of the supreme religious authority, Sheikh Abdul Mahdi al-Karbalai has stressed, the day yesterday, in his Friday sermon delivered by a la carte Husseini al-Sharif, the need for economic and development of new procedures within the clear prospect to address the crisis faced by the country", as warned "of borrowing the outer and the magnitude of future harms ", called for" the involvement of citizens and experts in addressing the economic crisis. "
It is noteworthy that the "economic expert on behalf of Antoine confirmed L / scales News / earlier, that the use of Iraq to borrow to fill the lack of financial budget for next year in 2016 does not mean that the country was going into bankruptcy."
Revealed "the parliamentary finance committee member Massoud Rostam, L / scales News / earlier, for catastrophic risk waiting for Iraq due to increased external borrowing of states and international banks," pointing out that "the next budgets of the country will not improve without developing country industries and reliable through self-sufficiency and diversification of sources. "
This "Iraq is suffering from an unprecedented financial crisis as a result of the low level of global oil prices and increased military expenditure through the purchase of weapons and military equipment to counter the terrorist Daash" .anthy 29 n / 10
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10.11.2015
He praised the economic expert Abdul Hassan al-Shammari, Sunday, warning supreme religious authority in a speech yesterday the first Friday of the danger of external borrowing, stressing that external borrowing will destroy the local economy in the coming years.
Al-Shammari said L / scales News / "The opinion of the Supreme religious authority very excellent reason to save Iraq from external problems that will occur in the near future because the borrowing Sakpl Iraq harsh conditions may strain the future budgets in the coming years and this is not in the interest of Iraq because the loans very large sum exceed nine billion dollars, "stressing" the need to find quick solutions within the general budget for the abolition of these loans and not to borrow again. "
He said economic expert, that "at the price of 1160 dollar selling to those who are fleeing funds and private banks is possible to raise the price of the dollar to 1500 and this will increase in the budget, a trillion and a half trillion if lifting the dollar, and thus the abolition of these loans," adding that "raising the price of the dollar will lead to reduced consumption thus reducing imports, leading to contraband currency cut out of Iraq by imports placebo and this will generate on Iraq $ 20 billion convey to the investment budget, and thus the establishment of new projects and operation of the unemployed and the eradication of poverty in Iraq, and that the reference warning of external borrowing is the opinion properly and correctly reflects for the love of the homeland and save Iraq's destruction of its economy in the near future. "
It is said that "representative of the supreme religious authority, Sheikh Abdul Mahdi al-Karbalai has stressed, the day yesterday, in his Friday sermon delivered by a la carte Husseini al-Sharif, the need for economic and development of new procedures within the clear prospect to address the crisis faced by the country", as warned "of borrowing the outer and the magnitude of future harms ", called for" the involvement of citizens and experts in addressing the economic crisis. "
It is noteworthy that the "economic expert on behalf of Antoine confirmed L / scales News / earlier, that the use of Iraq to borrow to fill the lack of financial budget for next year in 2016 does not mean that the country was going into bankruptcy."
Revealed "the parliamentary finance committee member Massoud Rostam, L / scales News / earlier, for catastrophic risk waiting for Iraq due to increased external borrowing of states and international banks," pointing out that "the next budgets of the country will not improve without developing country industries and reliable through self-sufficiency and diversification of sources. "
This "Iraq is suffering from an unprecedented financial crisis as a result of the low level of global oil prices and increased military expenditure through the purchase of weapons and military equipment to counter the terrorist Daash" .anthy 29 n / 10
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