Pessimistic expectations of an economist regarding monetary reserves and external debt over the next two years
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Pessimistic expectations of an economist regarding monetary reserves and external debt over the next two years

Monday 12, April 2021 10:30
Baghdad / NINA / The expert in economic affairs, Raad Twaij, suggested that the Iraqi economy declined during the next two years, indicating that the monetary reserve will decrease to 40.8 billion dollars in 2022 and 30.2 billion dollars in 2023, and the government debt will increase compared to the domestic product by 8.89 billion dollars. In 2022.
Twig said in a statement to the Iraqi National News Agency ( NINA ) that "the financial crisis that struck the world and Iraq in particular, due to the Corona virus and the drop in oil prices, will negatively affect Iraq, as the central bank’s cash reserves decline and the foreign debt rises, but in the event that oil prices rise to $ 90." This will limit these expectations, "noting:" These expectations may be valid in one case, which is exposure to a new oil shock and a drop in oil prices. "
The economic expert stressed "the necessity of following the method of balanced development, that is, working on more investment in the agricultural and industrial sectors in a systematic and planned manner, and moving away from arbitrariness and randomness in managing the Iraqi economy."
Twig suggested: "15% of the oil surpluses are to be transferred to finance a real balanced development at the level of industry, agriculture and education as human development, and the results of that development must be rapid and fruitful to achieve sustainable development that achieves parity for present and future generations."
He continued: "The rise in oil prices and the reform of the economic sector deserve to turn expectations into reverse and optimistic expectations. "/ End 8
https://ninanews.com/Website/News/Details?key=898579
RamblerNash- GURU HUNTER
- Posts : 24226
Join date : 2015-02-19

» Iraq is losing half of the monetary reserves in two years
» International Monetary Saudi Arabia is expected to lose "all their reserves," Finance in 5 years
» Economist calls for a proactive Iraq to pursuit false debt claims, protect DFI funds. Suggests deposting DFI funds in currency reserves to strengthen IQD
» Dollar bubble caused by pessimistic expectations and preference for foreign exchange expanded ..tgarir
» Oil Minister: Expectations to add new quantities to the size of the oil and gas reserves and reserves
» International Monetary Saudi Arabia is expected to lose "all their reserves," Finance in 5 years
» Economist calls for a proactive Iraq to pursuit false debt claims, protect DFI funds. Suggests deposting DFI funds in currency reserves to strengthen IQD
» Dollar bubble caused by pessimistic expectations and preference for foreign exchange expanded ..tgarir
» Oil Minister: Expectations to add new quantities to the size of the oil and gas reserves and reserves
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» CBI governor thanks Iraq's premier for approving the dinar revaluation
» Iraq revalues currency to 1300 IQD per USD - cabinet statement 2/7/23
» Iraqi Cabinet approves currency revaluation amid unstable exchange rate 2/7/23
» Guru MarkZ 2/7/23 am
» Guru MarkZ 2/6/23 am
» Guru Okie 2/6/23
» Gurus Frank26 & Firefly 2/6/23
» Guru Nader 2/6/23
» Guru Sandy 2/6/23
» Guru Judy 2/6/23
» The central bank denies granting sums of money to citizens
» "STATUS OF RV" BY DINAR IRAQ AND DONG VIETNAM 2/5/23
» Guru Texas Snake 2/5/23
» Guru Ginger 2/5/23
» Gurus Frank26 & Firefly 2/5/23
» Guru MountainGoat 2/5/23
» Guru RayRat 2/5/23
» Guru Nader 2/5/23
» Guru Okie 2/5/23
» Guru MarkZ 2/4/23
» Guru MountainGoat 2/4/23
» Guru Nader 2/4/23
» Gurus Frank26 & Firefly 2/4/23
» Guru Judy 2/4/23
» Guru Bruce Dingleberry 2/2/23
» Guru Okie 2/4/23
» Guru Okie 2/3/23
» Guru MarkZ 2/3/23 am
» Guru Sandy 2/3/23
» Guru MountainGoat 2/3/23
» Guru Judy 2/3/23
» Guru Bruce Dingleberry 2/2/23
» USD/IQD rate closes higher in Baghdad, Erbil
» Dinar Devalues 22%
» The dollar flies over 170,000 Iraqi dinars
» Guru MarkZ 1/31/23 pm
» Gurus Frank26 & Firefly 2/1/23
» Guru MountainGoat 2/1/23
» Guru Judy 1/31/23