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DINAR IRAQ AND DONG VIETNAM UPDATE, 14 SEPT DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

DINAR IRAQ AND DONG VIETNAM UPDATE, 14 SEPT

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DINAR IRAQ AND DONG VIETNAM UPDATE, 14 SEPT Empty DINAR IRAQ AND DONG VIETNAM UPDATE, 14 SEPT

Post by phoenix27 on Mon Sep 14, 2020 3:04 pm

Two solutions to the problematic of the Iraqi economy!

“In another context, independent politician Ibrahim Al-Sumaidaie believes that the Iraqi government has two solutions to the problem of the Iraqi economy, “either financing the economy by inflation by floating the currency, or taking austerity measures and reducing employee salaries and operating expenses,” indicating that “the best solution is financing by inflation,” and he adds. For “The Independent Arabia”, “floating the currency helps stimulate domestic production, and reduces the import that drains the country’s economy.”


He continues, “The Iraqi economy has paid exorbitant costs in attempts to stabilize the exchange rate of the dollar through the currency sale window in the Central Bank, which has been exploited by great corruption and wasted half of the country’s economic energies.”


“The 2020 budget will also include a request from the government with the approval of Parliament to allow it a new loan, and this will depend on the feasibility study of the request by the Finance Committee,”

“The government informed us that it will send the 20-20 budget at the end of this week, indicating that the budget will be simple, but it will include a request for Parliament’s approval to allow new borrowing.

“Al-Jubouri added that, “Until the next budget, there are paragraphs for internal and external borrowing to pay salaries, and therefore there is nothing new about them apart from the investment framework and appointments.”
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