Economic adviser to al-Abadi: Investment Payment amounts on credit in Iraq amounted to

Economic Advisor to the Prime Minister confirmed the appearance of Mohammed Saleh, on Monday, it is not a problem with the contract to pay on credit companies investing, noting that the amounts for the projects payment on credit value across the provinces so far amounted to $ 5 billion.

Saleh said in a press statement that “from one of the means contained in the budget law is the right of implementation of projectsto pay on credit , ” asserting that “payment projects on credit are the projects that are vital and which have a prejudice in the lives of citizens , such as the implementation of hospitals and water plants projects.”

Saleh pointed out that ” the amount of payment on credit projects have been initiated in the implementation generality of the provinces with investment companies, amounted to $ 5 billion , equivalent to 5 trillion Iraqi dinars.”

“The Iraqi market is a free market, but it does not mean freedom of ownership,” pointing out that the dollar is witnessing an offer and demand substantially the Iraqi Central Bank , the dollar is pumped dramatically in the Iraqi market in order to reduce any problem with the dollar and the stability of its price. ”

He explained that” fluctuations in the dollar exchange rate fluctuations are not economic fluctuations , “asserting that” the inflation rate in Iraq reached 2% , pointing out that the ratio which is currently at least. ”

(Source: nnciq.com)

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