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 Iraq .. $ 4.1 billion to stimulate the economy DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq .. $ 4.1 billion to stimulate the economy

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 Iraq .. $ 4.1 billion to stimulate the economy Empty Iraq .. $ 4.1 billion to stimulate the economy

Post by GirlBye on Sun Nov 22, 2020 9:13 pm

 Iraq .. $ 4.1 billion to stimulate the economy 20200528010522afpp-afp_1rv6lh.h11-730x438

Baghdad: The Iraqi government announced, on Sunday, the allocation of 5 trillion Iraqi dinars (4.1 billion dollars) to encourage investment and move the wheel of the economy in the country, which is suffering from recession.

The General Secretariat of the Council of Ministers said in a statement: "The Central Bank of Iraq has launched an initiative that includes allocating 5 trillion dinars to finance economic, commercial, agricultural, service and tourism projects."

The initiative aims to revive the economy during the coming period, and encourage the local investment process, by investing in commercial expertise, which will contribute to the movement of the local market and move the wheel of the economy.

And the government announced last month that 6,250 projects, most of which are service, humanitarian and health projects, are threatened with suspension, due to the financial crisis that the country suffers from, following the decline in global oil prices.

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 Iraq .. $ 4.1 billion to stimulate the economy Empty The Central Bank of Iraq allocates 5 trillion dinars to support investment

Post by GirlBye on Sun Nov 22, 2020 9:21 pm

 Iraq .. $ 4.1 billion to stimulate the economy C1d7c1ad4b94bbfb09dafbbe7bef2d3a
The Central Bank of Iraq has allocated an amount of 5 trillion dinars to finance industrial, commercial and agricultural projects, according to the Secretariat of the Council of Ministers, and this step comes in order to revive the Iraqi economy and encourage local investment.

The Iraqi government headed by Mustafa Al-Kazemi is suffering from a severe financial crisis due to low oil prices and the impact of the Corona pandemic on the economy and administrative corruption.

With Iraq under severe financial pressure as a result of the collapse of oil prices, the outbreak of Corona and the repercussions of the unstable political situation in the country, amid the failure to approve the current year’s budget, in addition to corruption issues, the government has become

Unable to pay the salaries of state employees on time, so I resorted to the policy of internal borrowing to fill the deficit in the financial budget and pay the salaries of state employees, according to Arab markets.
To face the salary crisis, the House of Representatives recently voted on the Deficit Financing Act, also known as the Borrowing Law. According to the text of the law, the value of the loan that the Minister of Finance grants the authority to borrow locally and abroad has been reduced from 41 to 12 trillion dinars, provided that it is allocated

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