"NO FEAR FOR 3 YEARS BECAUSE OF A NEW EXCHANGE RATE... PS: LOOK AT THE BOTTOM OF THIS ARTICLE!!! BY FRANK26, 3 MAY

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FRANK26:"NO FEAR FOR 3 YEARS BECAUSE OF A NEW EXCHANGE RATE... PS: LOOK AT THE BOTTOM OF THIS ARTICLE!!!"..........F26

Iraqi Business: There are no financial fears in Iraq for three years, and fear regarding the development path is unjustified

 

4/30/2024

  

 The head of the Iraqi National Business Council, Daoud Abd Zayer, confirmed that there have been no financial fears in Iraq for three years, while he considered the fear of development “unjustified.”
 

Abdel Zayer said, during his hosting of the program {Free Speech} broadcast on Al-Furat satellite channel this evening, that: “
Iraq is at the forefront of the first stages in the fourth place in terms of growth among the Arab countries. It indicates that Iraq has increased its revenues from oil exports and there are figures for development, which is an indicator that Iraq is in a stage of growth.” Higher than neighboring Arab countries, and it is reflected in the financial performance of development investments.
- The government’s management of investing money in the right place, which is positive and has real meanings and implications. - Development and infrastructure projects and the Al-Faw port

. I indicated that Iraq is in a higher stage of growth than neighboring Arab countries
Energy during the previous six-month season maintained its level and is expected to stabilize until the end of this year - Expectations for a decline in oil prices will not exceed 5%, and this will not affect Iraq’s revenues, and there are no financial concerns for the next 3
years over the life of the budget

Overcoming the consequences of the sharp decline in energy prices.
External borrowing comes to complete projects parallel to repaying loans, and delaying the disbursement process confuses part of the development scene, especially with regard to development project receivables.
-Oil is exposed to the political situation at the regional level, in addition to supply and demand, as well as the winter and summer seasons.
-Iraq was operating a primitive banking system until 2023, when the government worked with the Central Bank of Iraq to implement external transfers through the electronic platform and ended the issue of manipulation of the exchange rate.
-The improvement in the price of the Iraqi dinar will eliminate the parallel market.
Gold is considered a safe haven for investment in the world in anticipation of the collapse of any approved global currency and its rise as a result of a political crisis at the world level, which affected everyone and now it has begun to decline in small percentages and is considered the ideal solution for investment.
- Real estate in Iraq usually rises at the interest rate approved by loans and is dependent on monetary policy.
The development road will add economic value to the country on an economic, political and geographical basis and will be the optimal regional road for international trade. Any justification for challenging this project is unjustified and some people’s fear of it has no realistic value.
-The Ministry of Oil has not been serious since 2013 in investing in natural gas through licensing contracts.

Wafaa Al-Fatlawi

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