Adviser to Ebadi: a proposal for the sale of homes i..to raise dollar exchange rate
Adviser to Ebadi: a proposal for the sale of homes in the farmland of the occupants to raise the dollar exchange rate
January 6, 2016 4:56
Detecting an economic adviser to Prime Minister Haider al-Abadi, to submit proposals to resolve the financial crisis in Iraq because of the decline in oil imports to decline in global crude prices.
Said Abdul Hussein Al-Anbuge in a press statement that "among what we have proposed partial sale of state property from the lands and governmental institutions which is redundant and neglected originally not used, and these can be sold to save a lot of money, as there is a method of last large residential areas built on agricultural land and let to turn the sex of agricultural land to residential and vacation give occupants and building support for drug Deed] and get revenue in return for paying a $ Trellnaat up to 10 dinars. "
He pointed to "the possibility of imposing a fee for converting the genus ground on every square meter a certain amount and that there is a private Real Estate expensive, especially near religious shrines in Karbala and Najaf, where it built residential facilities and hotels."
He Anbuge "as we proposed conversion of the dinar exchange rate against the dollar to 1300 dinars, and instead of selling the dollar to 1116 dinars to sell the central bank B1300 and this will save nine trillion dinars, or about $ 8 billion and thus can bridge the budget deficit without borrowing, but weakness found in the Budget Department and accounting in the Ministry of Finance and they do not possess the ability prevented the conversion of these proposals to the reality and diversify its sources of imports of the state. "
Iraq is facing a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars, the oil revenues, of which 69 trillion and 773 billion dinars The increase of 85.1% from total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of total revenues.
He noted Finance Minister Hoshyar Zebari, the first Monday in an interview that "there are several alternatives [oil], including borrowing from international institutions, few benefits, and we did it. For example we have received help from the International Monetary Fund, and a few days ago we received one billion and 200 million dollars from the World Bank, we have introduced a monitoring program on how we manage the financial and economic policy, and if we could get help more of them, as we intend to sell sovereign bonds, because the situation in Iraq this year better than last year in this regard. "
He explained that "The other option is how to raise the Iraqi dinar exchange rate, although it may be a risk of selection have repercussions."