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Member of the Economic Committee: Increase the value of the national currency requires economic development and diversification in fiscal revenue
On: Tuesday 13/03/2012 12:11
Baghdad (news) .. A member of the Economic Commission for MP / National Alliance / Abdul-Abbas broadly to increase the value of the Iraqi currency is required to find a comprehensive economic development for all sectors and the diversity of the state's fiscal revenue.
A broadly (for the Agency news) on Tuesday: The increase in the value of the Iraqi dinar against foreign currencies and international needs to plan scientific thought for the development of economic sectors in the country, and make the State's revenues transformed from a unilateral to a multi-faceted with a cover of a major financial hard currency, as well as financial expenses for the organization in the state.
He added that Iraq is on the verge of increasing its revenue by increasing the financial capacity of the oil and that will reach to (6) million barrels of oil per day during the year (2015), which will increase state revenues from the financial and contribute to the development of the country's economy and the local currency.
He pointed to: that the increase in fiscal revenue is not sufficient to increase the value of local currency, but the process requires that the sustainable development of all economic sectors, whether agricultural or industrial or tourism, which will raise the sources of national income and GDP.
He said: When this happens it will lead to increase the value of the Iraqi dinar against foreign currency, lower the prices of materials and goods in the domestic market, with the survival value of salaries and operational fixed financial allocations. / Finished / 8. D. Q
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On: Tuesday 13/03/2012 12:11
Baghdad (news) .. A member of the Economic Commission for MP / National Alliance / Abdul-Abbas broadly to increase the value of the Iraqi currency is required to find a comprehensive economic development for all sectors and the diversity of the state's fiscal revenue.
A broadly (for the Agency news) on Tuesday: The increase in the value of the Iraqi dinar against foreign currencies and international needs to plan scientific thought for the development of economic sectors in the country, and make the State's revenues transformed from a unilateral to a multi-faceted with a cover of a major financial hard currency, as well as financial expenses for the organization in the state.
He added that Iraq is on the verge of increasing its revenue by increasing the financial capacity of the oil and that will reach to (6) million barrels of oil per day during the year (2015), which will increase state revenues from the financial and contribute to the development of the country's economy and the local currency.
He pointed to: that the increase in fiscal revenue is not sufficient to increase the value of local currency, but the process requires that the sustainable development of all economic sectors, whether agricultural or industrial or tourism, which will raise the sources of national income and GDP.
He said: When this happens it will lead to increase the value of the Iraqi dinar against foreign currency, lower the prices of materials and goods in the domestic market, with the survival value of salaries and operational fixed financial allocations. / Finished / 8. D. Q
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