Abdul Latif: Government has no right to borrow from the Bank reserves

Surprised former MP Wael Abdul Latif told deputy state law on Alfalh which called on the government to restore central bank money that has been withdrawn from the bank in the form of advances.

Said Abdul Latif’s (citizen) said on Saturday that «permit MP Ali Alfalh about demanding the government retrieves amounts up to $ 36 billion taken from the central bank by the government in the form of advances not liquidated so far by Maakdth sources from within the central bank has raised surprised Landry Mahzh money is of central bank reserves? And when it was withdrawn?

«He explained Abdul Latif« if we accept that the government had withdrawn a certain amount from the central bank may have withdrawal from the match in accordance with ( dfa) and the refund being linked budget for spending either by any other method Flaajos never withdraw any amount from the Iraqi Central Bank also has no right to the government borrowing the reserves of the bank, which currently stands $ 60 billion, according to the Central Bank Law No. 56 of 2004 and in accordance with article 26, «said Abdul Latif that he had investigated this topic, but he did not reach the truth at the present time about what this government borrowing from her part, expert Economic d. Peace Sumaisem that the government can not legally be played by borrowing from the central bank and not possess any right or legal or constitutional Bay borrowing from Central Bank reserves and said Smeisim’s (citizen) yesterday that «what was said MP Ali Alfalh about the need to recover the money that has been withdrawn government from the bank Central surprisingly «and wondered Sumaisem how dragged the government of the bank and for any reason, under any legal justification« The MP Ali Alfalh had stressed in a statement quoted Euphrates News on Saturday on the need to restore money the central bank, which dragged the government of the bank in the form of advances.

Said Alfalh told «Euphrates News Saturday that« state funds can not be waived and can not be canceled in any form «, indicating that debt cancellation needs to law and these debts must recover and return to edema Central Bank ».

Added «should not be any obstacle to the Iraqi Central Bank to restore those debts, and the bank recover the money as public funds can not be waived». Sources from within the central bank «that there are more than $ 36 billion taken from the central bank by the government on form of advances not liquidated so far.

almowatennews.com