Parliamentary Economy: Central Bank reserves will invest in projects
Parliamentary Economy: Central Bank reserves will invest in projects
Published on Saturday, 25 October 1 / Okrudolf 2014 13:39
BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) – A member of the Committee on the economy and investment representative Ali al-Maliki, said that the central bank briefed the Committee on the vision for the future under implementation, working to invest capital and reserves of gold assets in government projects, especially the service of the state.
He said al-Maliki’s ( IMN ), that “the central promise in the case of an existing high gold and hard currency, investing in government projects, with a total investment of these projects and development for the development of national production.”
He explained that “the center has 74 billion and 300 thousand dollars as a reserve, increasing the mass of cash in circulation amounting to 40 trillion dinars.”
A member of the Committee on the economy and investment representative Ali al-Maliki earlier, directed the central bank to support the government investment projects, and his intention to remove the zeros currency during the next five years and make it tamper-proof.
From: Firas al-Kadhim, Edit: Charter Shafiq, n: Lm
center-imn.net
