Specialists are demanding the central bank statement on the $ 9 billion sold during the 2015 source
Specialists are demanding the central bank statement on the $ 9 billion sold during the 2015 source Bmzadeh
BAGHDAD / JD / .. criticized by a number of experts and specialists a statement of the Central Bank on sales of hard currency during 2015, which was announced in which he has sold to more than $ 44 billion, stressing that Iraq’s oil revenues have amounted to about $ 35 billion, wondering it where it came from Central the $ 9 billion the amount to sell it in the auction.
The economist said Abdul Hassan al-Shammari, the central bank announced in November last he sold about $ 42 billion during the first 11 months of fiscal year 2015, and at the end of December last announced that he had sold during the whole year of more than $ 44 billion in the auction for the sale of hard currency, describing those sales economic disaster.
He said al-Shammari, told / JD /: “Iraq’s oil exports rate during 2015 of three million barrels of oil not more than a day and the price of oil in the best conditions of no more than $ 36 a barrel, according to it, the Iraqi oil revenues have amounted to about $ 33 billion in 30 / 11/2015 and to more than $ 35 billion at the end of December last.
He asked al-Shammari, where the central bank came the $ 9 billion the amount the college to become a sales estimated at more than $ 44 billion through 2015, calling on the central bank to explain warning manipulation cash reserves because it is a sovereign balance can not manipulate it at all.
The statistics of the Central Bank of Iraq, according to the sale of more than $ 44 billion in the auction of the currency since the beginning of this year until last Wednesday.
According to statistical According to the website of the bank that “the quantity sold to banks from the date of 01.04.2015 until 12.30.2015 was 44 billion and 303 000 799 thousand and $ 966.”
Despite the huge amount that form the remittances of which the largest proportion, but recorded, according to the Central Bank of decline compared to the same period last in 2014 of 7 billion 234 million and 149 thousand and $ 34, reaching sales for the period mentioned 51 billion and 537 million and 949 thousand dollars.
For his part, stressed the economic researcher Muhammad al-Hassani, we do not question the capabilities and the policy of the central bank to maintain the national currency’s exchange rate against hard currencies but there is talk abounded about the money disappeared with the Central Bank, particularly from cash reserves of hard currency must be the central administration show that the Zminh citizens and government Federal.
He said al-Hassani told / JD / that the central bank was able during 2015 to regain the dinar exchange rate and makes it steady after the setback suffered by the rate of exchange during the first three months of last year and who arrived in the dollar exchange rate is more than 1,500 dinars to the dollar, but by the wise policy the central able to bring him back to 1220 dinars to the dollar.
He noted that the economic situation in Iraq in growth but slow in spite of the country’s vulnerability to financial shortage crisis in liquidity, but the increase of Iraqi oil exports made there growth of economic activity over the past year has made the country is not affected much by the financial crisis, expected to accelerate the growth of the economy during the year 2016 due to the new economic policy of the Federal Government launch of the “identity of our industry” initiative as well as the initiative “eat from our agriculture and wear of our industry,” These initiatives will encourage the re-activation of plants productivity and support local agriculture.
The Governor of the Central Bank and the Agency on the Keywords announced on 20 November of last month that the bank’s foreign currency reserves of 60 billion dollars, “he said, adding he was” enough for six months. ”
He said the “central bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation.”
And raised suspicions of corruption and operations of money laundering through the central bank auction where announced, specialized issues of integrity and economic crime and money laundering a misdemeanor court, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner in the earlier to the presence of 20 defendants in these cases, some degree of Chairman of the Board. ”
A member of the parliamentary finance committee, Majida al-Tamimi, said banks managers benefit from currency auction of the Central Bank between 300 to 400 million dollars a month, “pointing out that” the reserve state continues to decline, as it was more than $ 80 billion and is now $ 59 billion as a result of the loss of money and she went into the pockets of the corrupt. ”
She pointed out that “the currency auction, which stress the cancellation of tours licenses destroyed Iraq’s economy, because the money that is wasted in these two very large paragraphs and should be a serious review of the two size”, referring to the “importance of a central bank governor and the first line in the administration of specialists in the economy and money, and those with advanced degrees, and enjoy the experience of banking and financial side Specialization “./ ended / 8 /