CBI accused of four countries to “conspiracy” on the economy of the country

27/04/2012 09:03

Baghdad, April 27 / April (Rn) – accused the CBI Friday four of the “conspiracy” to hit the financial economy of Iraq to empty its market of its financial strength indicating that the corridors of free trade in Iraq is becoming the means adopted to hit the economy. saw the price of the dollar relative to local currency rose in the days the past, which he attributed Officials companies banking on local stop Central Bank sales of foreign currency. and picked up local media reported the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran on the border crossing points which unless confirmed by the Central Bank of Iraq. and subject Iran because of its nuclear program and Syria as a result for public protest to international sanctions harsh and exposed markets both countries to collapse economically because of poor cash flow of hard currency.Deputy Governor of Bank of the appearance of Mohammed, told the Kurdish news agency (Rn) that “Iraq by the orientations of the four countries suffering from economic problems, namely Iran, Syria and Turkey as well to a strong market in the Gulf (undisclosed) pass collapses economically. ” The Deputy Governor of the Bank that “the four markets found her incubator and free trade in the Iraqi market under the pretext of development, therefore, became corridors of free trade in Iraq and the means to strike the Iraqi economy and the drying of the economic surplus under the pretext of trade finance . ” He said, “Iraq does not need to finance the trade of this size, a trade consumer, not business development … development in Iraq, stopped by the obstacles to international and domestic.” The Deputy Governor of Central Bank of Iraq for the presence of “conspiracies” to hit the Iraqi economy, financial and especially bank reserves Central to weaken financial as weak developmentally. ” The main task of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and management of reserves of foreign currency and the organization of the banking sector. emphasizes the Finance Committee of parliamentary support for any efforts presented by the Central Bank of Iraq and lead outturn final results to the stability of the exchange market.The Finance Committee representative had warned earlier, the General Secretariat of the Council of Ministers of trying to dominate the monetary policy of the Central Bank of Iraq, and limit the powers of the province, noting that this was a violation of the constitution and has consequences dangerous to the national economy. From: Raman Brosk. Open: Murtaza Yousuf

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