Government withdraw any amount of currency reserves will cause the collapse of the Iraqi dinar against the dollar

Economic expert Hilal Taan warns: that the government withdraw any amount of currency reserves will cause the collapse of the Iraqi dinar against the dollar

Published 08/12/2012 08:17 AM

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Warned an economist in the Ministry of Finance Hilal Taanmn the government to withdraw any amount of currency reserves, saying it “will cause the collapse of the Iraqi dinar against the dollar.”
Said Taan that ” central bank policy cash fixed nothing to do with switching the central bank governor Governor else, “stressing that” the withdrawal of any amount of currency reserves will cause the collapse of the Iraqi dinar and thus lead to the loss of all the efforts made in recent years to raise the value of the dinar against the dollar ” .
Taan stressed that “all special accounts in amounts the Central Bank’s currency reserves are subject to oversight and scrutiny by Parliament and other regulatory authorities.”

Government is incapable of rain vacuum but are not incapable of suction money

The arrest warrant issued late last October against Central Bank Governor Sinan al-Shabibi and a number of officials in the bank charges relating to corruption financial and administrative which was rejected Shabibi said: “They were trying to عزلي since 2009, and they want money from central bank reserves,” referring to the determination Prime Minister Nuri al-Maliki to withdraw a lot of cash reserves of the bank.

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