Document: the central bank sold the dollar in 2015 more than Iraq’s imports of the coin
Document: the central bank sold the dollar in 2015 more than Iraq’s imports of the coin
2016/1/23 14:02
[Baghdad-where]
revealed an official document of the Finance Committee in Parliament that the Iraqi Central Bank sold the amount of the US dollar in the past year more than in 2015 and Iraq’s imports of foreign currency obtained from the sale of crude oil in the same year.
The Committee compared the document obtained by the agency all of Iraq [where] between Iraq’s imports of oil worth the dollar and the central bank sales in its daily auction for each month in 2015.
The revenue of the state of oil for the year 2015 according to the document has reached $ 38 billion, while sales were Bank the same year more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.
The Iraq faces a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars.
He accused Counselor for Economic Affairs in the Prime Minister, Abdul Hussein Al-Anbuge central bank following the policy of “distorted, and inconsistent,” the shadow of the financial crisis in the country.
He held Anbuge, in a statement to [ Where, the Central Bank of the “big responsibility for the adoption of the distorted monetary policy and inconsistent the current time, it is an incentive policy, when loaned Bank banks up to 6.5 trillion dinars to support investment in important productive sectors to confront the slide toward the massive contraction that may ahead of us, which is true conduct and support.” noting that “this recession Snnzlq him probably caused by a decline in Iraq’s foreign exchange earnings.”
He stressed, “if he insisted [the central bank] to maintain the high rate of the dinar against the dollar for fear of compromising the Iraqi dinar, the entire Iraqi economy will be threatened, we will put the economy at the head of the crisis sweeping instead of being put in the less dangerous angle “.anthy
alliraqnews.com
