Commission expects the economy and the weakness of import demand for domestic product in 2016, Iraq

Monday 28-12-2015 | 9:36:07

Twilight News / counting of the economic and investment commission member of the parliamentary proof Almamori on Monday the financial crisis experienced by the country as necessary and temporary because Iraq has the economic potential of the "big" as the federal government called for the exploitation of this potential in the agricultural, industrial and transport sectors and filtering to maximize the resources of the country's non-oil, expected decline in financial stocks of hard currency and the weakness of import which will revive the private sector in the country.

Mamouri said in a statement responded to Twilight News, that the current financial crisis is a monetary crisis does not mean that Iraq is a poor country, attributing the causes of this crisis to the previous governments, poor management by the drop in oil prices on the other.

He noted that the crisis and everything revolves around the cons but it carried with it a positive factor represented by forcing saline economic sectors all to take over the reins and start the development of small industries and filling the void in front of decline in the flow of private goods imported to the Iraqi private sector now has become a strong and focused has the cash blocks do not a good addition to the expertise that has accumulated through its openness to the world's economies, noting that he would be an important step if the government measures were offset in legal activating the customs tariff and the protection of the local product.

He predicted Almamori lower domestic stock of foreign currency as a result of lower oil prices, which is the column foundation for the import of Iraq of hard currency and thus will be reflected on the value of the dollar on the one hand and the low turnout on the import and here domestic production will be the best alternative, ruling out at the same time, the emergence of large industries away from government intervention.