Consultant Abadi: Investment payment amounts on credit in Iraq amounted to $ 5 billion

Business & Finance

Economy News / Baghdad ...

Economic Advisor to the Prime Minister confirmed the appearance of Mohammed Saleh, on Tuesday, it is not a problem with the contract to pay on credit invested companies, indicating that the value of the amounts for payment on credit projects implemented by investment firms across the provinces so far amounted to $ 5 billion.

Saleh said in a press statement, said that "from one of the means contained in the budget law is the right of implementation of projects to pay on credit," adding 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."

He added that "the amount of payment on credit projects have been initiated in the implementation generality of the provinces with investment companies, it 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 noted that "fluctuations in the dollar exchange rate fluctuations are not economic fluctuations," asserting that "the inflation rate in Iraq reached 2%, and saw that" the ratio is now at least. "