8.8 trillion dinars current cash reserves located in the State
Magda Tamimi: 8.8 trillion dinars current cash reserves located in the State
11-08-2014 08:51 AM
Baghdad (news) .. revealed a member of the House of Representatives for the Liberal bloc Magda Abdel-Latif al-Tamimi said the cash reserve currently located in the state of 8.8 trillion Iraqi dinars, which is increasing with the export volumes of oil a day, but this amount can cover the expenses of the state for a period of one month only. added Tamimi, in a statement received by the Agency (news): The cash reserve in the state do not consider an asset for the state, because the balance can be increased if there are exports of oil daily. opposed Tamimi idea to take advantage of central bank reserves, afterthought at the same time that there is a clause in the Financial Administration Act that part of the profits of the Central Bank could be funded by the budget. / Finished
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