BROTHERS TECHONOLOGY : THE TIME IS NOW FOR CHANGE THE EXCHANGE RATE!!, 12 FEB

 BROTHERS TECHONOLOGY 

Now The pain is confirmed the time is now for the implementation of the solution

The news station spoke about it the other day. The solution is

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MAJEED

now they’re confirming their pain Will Iraq survive bankruptcy? How does the government face the next storm Growing warnings from deputies and economists inside and outside Iraq indicate that the country may be exposed to a suffocating financial crisis that could reach the limit of inability to pay salaries and government obligations by 2025. In light of an economy that is almost completely dependent on oil, and amid declining revenues and cash reserves, popular circles are awaiting an unknown fate more like an economic flood that may be evastained by social and political stability. Crisis on the horizon: what are the causes? Iraq faces several serious financial challenges that overlap to form a bleak picture of the future of the Iraqi economy: 1-Decline in oil revenues: Iraq relies on oil to finance more than 90% of its budget, and with price fluctuations globally and the decline in exports, the government's financial resources are seriously decreasing. 2- The smuggling of oil by the region under US auspices: Reports indicate that large amounts of Iraqi oil are being smuggled through Kurdistan to international markets without the central government benefiting from its revenues, which increases the budget deficit. 3_ The decline in bank savings levels, as the Central Bank data confirms the decline in deposits in the Iraqi banking system during recent months, which reflects the weakness of citizens' confidence in the financial system, and pushes them to keep their money out of banks. 4- Huge government expenditures and unjustified privileges: The salaries of the three presidencies, parliamentarians and advisers continue to drain a large part of the budget, at a time when the country is suffering from a lack of funding. 5- American pressures in light of Trump's return: Baghdad may face more economic pressures, which may be reflected on Iraq by virtue of economic relations between the two countries. Does the government have solutions? Despite the fears, there are still some options available to the government to address the potential crisis, but this requires bold and rapid reforms: • Abolition of unnecessary privileges and reduce the salaries of senior officials to reduce the burden on the budget. yes by changing the rate • Enhancing transparency in the oil sector and preventing revenue smuggling. • Diversify the economy and reduce over-reliance on oil by supporting productive sectors. • Enhancing citizens' confidence in the banking sector through financial reforms that reduce capital flight. • Negotiating with international and regional forces to maintain the stability of economic relations. Is Iraq escaving the financial collapse? Iraq is not the first country to face the threat of bankruptcy, but it has vast resources that can save it if used well. But time passes quickly, and if real action is not taken in the coming months, the government may find itself facing a crisis that is difficult to contain, and the citizen will be the most affected. The question remains: Will the government dare to confront “economic whales” within the country, or is Iraq already heading towards the abyss?