Warning .. reserves the central bank fell by $ 21 billion
Warning .. reserves the central bank fell by $ 21 billion
09/08/2016
BAGHDAD / JD / .. A commission of economy and investment representative, a drop the size of cash reserves with the central bank at about $ 21 billion, because of threats to the country’s financial crisis.
A member of the committee MP Harith told Chanchal / KD / The financial crisis and rampant corruption in all aspects of the state have a negative impact on the economy in general in the country, including the central bank’s stock of monetary reserves.
He added that the cash reserves of hard currency was at around $ 76 billion two years ago, but now it has an estimated $ 55 billion, which means that he dropped by about $ 21 billion, and no one knows where that money went.
The Committee on the economy and investment representative, has revealed a few months ago on the use of government cash Balaanaat of hard currency at the central bank to meet the salaries of state employees in the current financial crisis.
An official source at the Central Bank has also revealed that the government withdraw the $ 10 billion of central bank reserves during the last period.
The source, who requested anonymity, told / KD / The monetary reserves of the Central Bank continues to drop as a result of the central bank sold large amounts of dollar in its daily auction as well as the government to withdraw the money from the reserve to meet the State’s financial requirements ../ ended / 8 /
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