Tamimi: Auction currency destroyed Iraq’s economy
Tamimi: Auction currency destroyed Iraq’s economy
08/12/2015
BAGHDAD / JD / .. criticized a member of the parliamentary finance committee Majida al-Tamimi current Central Bank, as pointed out the need to abolish auction currency called to distance his administration from quotas partisan and political.
She said Tamimi, a statement posted on its official website and seen by Agency / KD / The quotas political and partisan confound the work of government institutions, particularly the economic ones, “stressing” the necessity to run the central bank by specialists economy and money, not according to the quotas that have caused the destruction of Iraq’s economy.
“She said al-Tamimi said the currency auction in a large increase in spite of our pleas to the many Bank Central need to reduce the sales of hard currency, especially since these sales sometimes be covered by the reserve value negatively affect the quantity, “emphasizing” the importance of maintaining the size of the reserve and in line with international standards.
“The eye that” there is a great imbalance in the auction currency “which showed that the central bank customers from the private sector are buying the dollar at the official rate under the pretext of covering imports State and this move carry an imbalance intentional, the fact that the sale of the dollar at the official rate goes into the pockets of corrupt” .ostgrepett Tamimi of the “insistence of the central bank to hold an auction of currency”, wondering “Is there in the neighboring countries of the coin auction as is the case in Iraq / end / 22 /
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