Parliament proposes to borrow money from the central bank
Parliament proposes to borrow money from the central bank rather than resort to payment on credit in the implementation of infrastructure projects
10-10-2013 07:07 AM
Baghdad (news) .. I suggest a member of the Finance Committee MP / coalition of Kurdish blocs / Dler capable of, use of reserve cash is located in the Central Bank, rather than resorting to the method of payment on credit to companies in the implementation of projects included in the law of infrastructure. said is capable (of the Agency news): that the administrators Central Bank announce from time to time for further monetary reserves of hard currency, while not invest even a fraction of this money abundant in projects that serve the country. pointed to: that the law of the infrastructure which is opposed by some of the blocks, including the assignment of projects to international companies in a manner Payment on credit and this Stqaibd country funds are large and Stthaglh debt for many years and increase in value due to profits. added: it can dispense method of payment on credit and avoid the country’s future problems by resorting to the Central Bank of Iraq and borrow money from him for the implementation of infrastructure projects in the country, and be paid during the past next. This was announced and central bank governor Abdul Basit Turki agency for increasing cash reserves of hard currency to more than 76 billion dollars after it was (74) billion dollars in the last month of May. / End
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