An economist is bad monetary policy and the Iraq Central Bank reveals the conflicts of interest

Tuesday, April 24, 2012 17:15

BAGHDAD / Baghdadiya News / .. counting economist monetary policy in Iraq as one of the worst policies, calling for the World Bank to review, and as revealed deputy governor of the Central Bank of the existence of a conflict of interest detrimental to monetary policy, said Secretary General of the Council of Ministers that the last period saw Directed billion of dollars in Iraq.

He and former Minister of Planning Mahdi Al-Hafiz told / Baghdadiya News /, said that “monetary policy in Iraq is very bad and the World Bank review,” noting that “the Iraq policy of cash could not continue in this case, you can not keep the money vulnerable to looting.”

Hafiz said that “the specialists detection systems corruption to public opinion.”

Hafiz called “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 said that “the existence of a conflict of interest, and the parties look at the personal interest and harm others, pointing out that” the lesson is not to speak, but to build strong markets and institutions and build a promising future. “

And take it for “Iraq stands at the crossroads in the presence of three markets in the region exposed to significant vibration should not be dried because of the money of the country surrounding these conflicts,” revealing all “attempts to dry the benefits of external funding in Iraq.”

In the same context, said Secretary General of the Council of Ministers on the Keywords that “the past period has directed large amounts of dollars from Iraq under the title of imports and purchases of foreign,” adding that “the government does not have the problem of procurement as far as I discovered that the sum of these amounts were more than 180 billion dollars have been converted did not really have turned to imported goods, which means it came out for other purposes. “

The Keywords that “the Iraqi government demanded Mlhakyatea business in some countries approved purchase lists that are in huge amounts and arrived in one of the countries to five billion in the offer lists of Commercial Attaché for the purpose of ratification,” / End / 21.