CBI calls for World Bank to review Iraqs monetary policy

On: Tuesday 04/24/2012

Description of the Central Bank Governor Sinan Shabibi monetary policy in Iraq as one of the worst policies.

Calling at the same time, the World Bank to review. Shabibi said / the Baghdadi News / On the sidelines of a seminar for businessmen also attended by his deputy, the appearance of Mohammed Saleh, Secretary General of the Council of Ministers Ali Mohsen Keywords: «can not to this country to continue this case and can not keep the funds vulnerable to looting, calling for disclosure systems of corruption to the public» .

He added that «the monetary policy in Iraq, the worst of existing policies, calling for the World Bank to review this policy and the development of a new mechanism related to economic reform and banking sector in Iraq.

For his part, Vice Governor of the Central Bank of the appearance of Mohammed Saleh: there is a conflict of interest and everyone looks at his personal benefit and harm others, and the lesson is not to speak, but to build strong markets and institutions and build a promising future.

He added: Iraq at a crossroads there are three markets in the region exposed to high vibration and should not be «dry» the nation’s money because of these conflicts surrounding, revealing attempts to dry the benefits of external funding in Iraq.

As stated by the Secretary General of the Council of Ministers Ali Mohsen Keywords: long note out large amounts of dollars from Iraq under the title of foreign imports and purchases.

He explained: We do not have the problem of procurement, but we have seen and discovered that the total of these amounts reached up to $ 180 billion has been converted did not really have turned to import goods, which means they are going out for other purposes.

And: We have asked some of the commercial Mlhakaatna States that ratify the lists that are buying in huge amounts and arrived in one of the States to five billion by providing lists of Commercial Attaché for the purpose of ratification.