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Economists warn of "escape" Investment and cases of "project smuggling and illegal" for hard currency abroad
09.06.2013 | (Voice of Iraq) - Add a comment -
Long-Presse / Baghdad warns economists Iraqis, the possibility of "escape" investors from the country and stop a lot of projects or "deteriorating" shareholder value as a result the deterioration of security and political crisis, revealing the existence of "smuggling" of hard currency from Iraq in a "legitimate and illegitimate" believes profits "penalty" for banks "involved" to do so. says the head of the Federation of private banks, Manaf Al-Badri, said in an interview to (range Press), "The investor coward and looking for a safe environment to work," noting that "the deterioration of the security situation and the worsening financial and administrative corruption alienate investors and confuse their work in Iraq. " adds Al-Badri, that "the deterioration of security has forced many investors are shareholders in banks and international organizations on the aversion of Iraq, leading to deprive him of the loans that finance economic projects." For his part, says speculator in the Iraqi market for securities , Jihad Ali, in an interview to (range Press), "The deteriorating security situation witnessed by Iraq now, he began to cause migration of capital from Iraq," noting that "a lot of financial stocks fell to less than one cent, compared to prices of stocks outside Iraq which is witnessing a remarkable increase. " explains Ali, that there is "operations to smuggle hard currency from Iraq legally and illegally, provide huge profits for the banks of Iraq," pointing out that "the political situation volatile also contributed to the lower real value of the projects and the flight of investors from the country." and the buyers and sellers, in Baghdad, expressed in recent weeks for fear of the impact of security implications on the economic situation, especially after the reluctance of traders provinces for shopping capital of approximately threatens their work seriously and pushes them to think about the transfer of their business to the Kurdistan region, and expect a rise in food prices, They believe that the current situation reminds them of years of sectarian violence, while warns economist that the continued deterioration of the security to the injury of the economy paralyzed and declining investment. considered the United Nations Mission in Iraq (UNAMI), in (the first of June 2013 present), that last May, was the deadliest in Iraq since 2008, it said in a statement issued that day, and received (range Press), a copy of it, that last May witnessed a "record" new violence in Iraq through the death or injury of 3442 Iraqi operations violence in areas parts of the country, saying it "very sad" to such a large number, called upon the Iraqi political leaders to "act" urgently to "stop the bleeding unbearable." said the UN Mission, in its statement, said that 1045 people were killed and 2397 others with 560 security incidents in different parts of the country during the last May, saying that the number of civilians killed is 963 among them 181 members of the local police, were injured in 2191, including 359 members of the local police. said the mission that 82 members of the security forces were killed during the same month, hit 206 others, noting that Baghdad was one of the provinces hardest hit after incurred in 1817 a victim of civilians, including 532 dead and 1285 injured, followed by Salah al-Din and Nineveh, Anbar, Diyala and Kirkuk. was (UNAMI), has been considered in the (second from May 2013) that last April, was "the deadliest in Iraq since June 2008," he witnessed the death of 712 people and injuring 1633 others.
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Economists warn of "escape" Investment and cases of "project smuggling and illegal" for hard currency abroad
09.06.2013 | (Voice of Iraq) - Add a comment -
Long-Presse / Baghdad warns economists Iraqis, the possibility of "escape" investors from the country and stop a lot of projects or "deteriorating" shareholder value as a result the deterioration of security and political crisis, revealing the existence of "smuggling" of hard currency from Iraq in a "legitimate and illegitimate" believes profits "penalty" for banks "involved" to do so. says the head of the Federation of private banks, Manaf Al-Badri, said in an interview to (range Press), "The investor coward and looking for a safe environment to work," noting that "the deterioration of the security situation and the worsening financial and administrative corruption alienate investors and confuse their work in Iraq. " adds Al-Badri, that "the deterioration of security has forced many investors are shareholders in banks and international organizations on the aversion of Iraq, leading to deprive him of the loans that finance economic projects." For his part, says speculator in the Iraqi market for securities , Jihad Ali, in an interview to (range Press), "The deteriorating security situation witnessed by Iraq now, he began to cause migration of capital from Iraq," noting that "a lot of financial stocks fell to less than one cent, compared to prices of stocks outside Iraq which is witnessing a remarkable increase. " explains Ali, that there is "operations to smuggle hard currency from Iraq legally and illegally, provide huge profits for the banks of Iraq," pointing out that "the political situation volatile also contributed to the lower real value of the projects and the flight of investors from the country." and the buyers and sellers, in Baghdad, expressed in recent weeks for fear of the impact of security implications on the economic situation, especially after the reluctance of traders provinces for shopping capital of approximately threatens their work seriously and pushes them to think about the transfer of their business to the Kurdistan region, and expect a rise in food prices, They believe that the current situation reminds them of years of sectarian violence, while warns economist that the continued deterioration of the security to the injury of the economy paralyzed and declining investment. considered the United Nations Mission in Iraq (UNAMI), in (the first of June 2013 present), that last May, was the deadliest in Iraq since 2008, it said in a statement issued that day, and received (range Press), a copy of it, that last May witnessed a "record" new violence in Iraq through the death or injury of 3442 Iraqi operations violence in areas parts of the country, saying it "very sad" to such a large number, called upon the Iraqi political leaders to "act" urgently to "stop the bleeding unbearable." said the UN Mission, in its statement, said that 1045 people were killed and 2397 others with 560 security incidents in different parts of the country during the last May, saying that the number of civilians killed is 963 among them 181 members of the local police, were injured in 2191, including 359 members of the local police. said the mission that 82 members of the security forces were killed during the same month, hit 206 others, noting that Baghdad was one of the provinces hardest hit after incurred in 1817 a victim of civilians, including 532 dead and 1285 injured, followed by Salah al-Din and Nineveh, Anbar, Diyala and Kirkuk. was (UNAMI), has been considered in the (second from May 2013) that last April, was "the deadliest in Iraq since June 2008," he witnessed the death of 712 people and injuring 1633 others.
Read more: [You must be registered and logged in to see this link.]
